AceTraderFx: Intra-Day Market Moving News & Views & data to be released today

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AceTraderFx Dec 21: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
21 Dec 2017 03:20GMT

USD/JPY - 113.33.. Dlr pares yesterday's gain to a near 1-week high of 113.46 to 113.20 on selling by Japanese names (exporters), however, renewed buying quickly lifted price.

Expect consolidation ahead of BoJ's monetary policy announcement during Tokyo lunch session where the central bank is widely expected to stand pat on its rate decision.
however, pay attention to BoJ Gov Kuroda's comments at the press conference at 06:00GMT for any change of his tone on QQE.
For now, bids are noted at 113.20-10 with stops below 113.00.
Offers are tipped at 113.45/50 and more above with stops above 113.75. Buying dlr on dips is cautiously favoured after benchmark U.S. 10-year yields rallied to 9-month high of 2.05025% (currently around 2.4862%).

U.S. will release final Q3 GDP, PCE, jobless claims, monthly home price n leading indicators later today.

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AceTraderFx Dec 22: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
22 Dec 2017 03:00GMT

USD/JPY - 113.33.. Dlr moves relatively narrowly in Asia as the euro captured centre stage. Despite initial brief dip to 113.27 due to selling in eur/yen cross, minor buying interest emerged and lifted the pair, suggesting range trading would continue until European open.

Despite yesterday's gain to a 1-week high of 113.64 in Europe due to rising U.S. yields, subsequent retreat in New York to 113.28 suggests a temp. top is made.
However, current steady to firm U.S. yields suggest intra-day upside bias remains for possible headway towards December's 113.75 later today esp if U.S. eco. data come out better than street forecast.
Bids are noted at 113.30-25 and more below with stops below 113.00.
Offers are tipped at 11..55/65 with stops reported above 113.80.

Ahead of the X'mas long weekend holiday, expect choppy price action after release of U.S. eco. data starting with PCE, durable goods orders, then new home sales and University of Michigan consumer confidence.

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AceTraderFx Dec 27: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
27 Dec 2017 03:30GMT

USD/JPY - 113.26.. Dlr is trading roughly at the same level this time yeserday after intra-day swings in New York session.

Although price moved narrowly in Boxing Day in Tokyo trading after showing muted reaction to a slight rise in Japan's CPI date, price weakened to session lows of 113.13 in New York morning due to falling U.S. yields, short covering later lifted the pair near the close.
Despite initial gain to 113.36 in thin post-holiday trading at Tokyo open, price then eased on lack of follow-through buying.

Looks like range trading is in store probably until NY open but as long as yesterday's 113.13 holds, consolidation with upside bias is still envisaged.
Bids are noted at 113.20-10 with stops reported below 113.00.
Offers are tipped at 113.35-45 with stops above 113.50, more stops are touted above 113.75.

U.S. will release Redbook retail sales n then pending home sales later in the day.

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AceTraderFx Dec 28: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
28 Dec 2017 03:00GMT

USD/JPY - 113.16.. Dlr remains on the back foot in subdued Asian trading after yesterday's lackluster session. Despite swings broadly sideways inside a tight range of 113.15-113.38, renewed broad-based usd's weakness in New York session following release of downbeat U.S. consumer confidence (December index hit a fresh 1-year low) and falling U.S. yields later pressured price in New York afternoon.

Range trading is likely to continue with bids noted at 113.15-10 with stops reported below 113.00.
Offers are tipped at 113.40-45 and more above with stops above 113.65.

U.S. eco. calendar is pretty light with weekly jobless claims and Chicago PMI being the only data due out, however, if the latter comes in lower than forecast, then usd may come under further selling pressure.

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AceTraderFx Dec 29: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
29 Dec 2017 03:00GMT

USD/JPY - 112.74.. Dlr languished near yesterday's 1-week low of 112.67 on the last trading day of the year in Asia.

Despite swinging broadly sideways in New York morning Thursday following intra-day selloff which began during Tokyo lunch break to session lows of 112.67 in Europe on broad-based usd's weakness.
The pair briefly jumped to 112.99 on short covering after release of upbeat U.S. Chicago PMI. Price later moved narrowly for rest of New York session n briefly bounced to 112.97 at Tokyo open but only to fall back to intra-day low of 112.69.

Expect price to trade with a soft undertone n ratchet lower in Europe, so trading from short side is favoured.
Offers are tipped at 112.90/00 with stop above 113.10.
Some bids are noted at 112.70-60 with stops below 112.50.

No U.S. eco. data is due out so year-end funds flow will have a definite impact on intra-day price swings.

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AceTraderFx Jan 02: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
02 Jan 2018 03:20GMT

USD/JPY - 112.73.. Dlr finds respite in quiet Asian trading as financial markets in Japan remains closed for a 3-day holiday.

Despite hitting a 10-day low of 112.47 ahead of New York open due to broad-based usd's weakness as well as falling U.S. yields, profit taking lifted price to 112.67.
Price edged higher to 112.79 at Asian open as conciliatory comments by N. Korean leader Kim Jong Un (see MMN) lead to some yen-selling,

Range trading above 112.47 is expected until European open, however, anticipated renewed usd's weakness later in the day suggests selling the greenback on recovery is still favoured.
Order book is pretty thin with some offers tipped at 112.80/90 n more above with stops touted above 113.00.
Bids are noted at 112.55-45 with stops below 112.30.

On the U.S. eco. data front, the only data due out later today is Dec Markit mfg PMI.

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AceTraderFx Jan 03: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
03 Jan 2018 03:20GMT

EUR/USD - 1.2044.. Euro swung sideways in directionless Asian trading after climbing to a 3-1/2 month peak of 1.2082 in Europe, however, intra-day rally in U.S. yields prompted profit taking and briefly pressured price back down to 1.2027 in New York morning before renewed buying emerged and lifted price.

Despite initial marginal gain to 1.2066 in Australia, intra-day pullback in Asia suggests range trading below 1.2082 would continue until European open and buying euro on dips in expectation of resumption of recent upmove is still recommended.
Bids are noted at 1.2030-20 with stops below 1.2000.
Offers are tipped at 1.2075/85 with stops above 1.2095/00.

Euro area eco. calendar is pretty thin will Germany's unemployment report being the only data due out.

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AceTraderFx Jan 04: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
04 Jan 2018 03:00GMT

USD/JPY - 112.66.. The greenback gained the most against the yen in New York trading yesterday due to return of risk sentiment on broad-based rally in global stocks as well as short covering after upbeat U.S. data. The pair climbed above Tuesday's 112.39 high to 112.49 in New York morning and then to session highs of 112.60 after mildly hawkish FOMC minutes.

Short-term spec bot the dlr ahead of Asian open n pushed price to 112.78 before easing.
Consolidation is expected and yesterday's broad-based usd's gain on short covering may well continue in European trading, so buying the buck for st trade is cautiously favoured.
Bids are noted at 112.50-40 with stops below 112.20, more stops are reported below 112.00.
Offers are tipped at 112.75/80 n more above with stops above 113.00.

On the data front, pay attention to release of ADP private payrolls, initial jobless claims and Markit services PMI.
Last but not least, St. Louis Fed President Bullard (non-voter) will deliver a speech at 18:30GMT.

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AceTraderFx Jan 05: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
05 Jan 2018 04:00GMT

USD/JPY - 112.84.. The pair remains bid in Asian morning after yesterday's rally in NewYork to 112.86 on robust ADP private payrolls data.
Despite subsequent pullback to 112.71/72 in late trade, renewed buying at 112.73 in early Tokyo trading lifted price to 112.85 due to renewed yen's weakness esp vs usd, eur and gbp as gain in the N225 where the Nikkie index hits a fresh 26 year high (together with record high closing in U.S. stocks) boosted risk sentiment.

Later today, all eyes are on the key U.S. jobs data, since traders brushed off Thursday's robust ADP private payrolls and sold dlr on rally in New York morning, even if usd rises climbs on higher-than-expected NFP, selling the buck is still favoured unless the equally important monthly average hourly earnings exceed forecast of a 0.3% increase by a wider margin.
After release of a slew of U.S. eco. data, we have Philly Fed President Harker speaking at 17:30GMT and then Cleveland Fed's Mester speaking at 19:30GMT.

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AceTraderFx Jan 08: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
08 Jan 2018 06:00GMT

EUR/USD - 1.2027.. Euro remains on the back foot in post-Asian lunch session after staging a brief recovery to 1.2052 in Asian morning but only to meet with renewed selling due to broad-based usd's firmness.

As price is close to Friday's post-NFP New York low at 1.2021, suggesting market is keen to test euro's downside after inability to penetrate Thur's 3-1/2 month peak at 1.2089 despite downbeat U.S. payrolls.
Offers are tipped at 1.2045/55 with stops abv there.
Bds are noted at 1.2025-20 with stops reported below 1.1990.

Pay attention to a slew of eco data from the euro area countries starting from Germany's industrial orders, Italy's unemployment rate, EU Sentix investors confidence, retail sales, bus. climate, industrial n consumer confidence.
Also, European Commission starts its 2-day meeting today.

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