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

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AceTraderFx Jan 23: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.2259.. Euro swung broadly sideways in directionless trading on Monday, suggesting price is not in a hurry to re-test last Wednesday's 3-year peak of 1.2323.

Despite euro's retreat from European morning high of 1.2267 to 1.2225 at New York midday on news a deal would be struck to end U.S. govt. shutdown, price quickly rebounded as usd erased intra-day gain on this news, euro later ratcheted higher to 1.2276 in Asia.

Range trading is expected to continue with offers tipped at 1.2275/85 with stops above 1.2300, more stops are reported above 1.2325/30.
Bids are noted at 1.2240-30 and more below with stops below 1.2210.

Pay attentio to release of Germany's n EU's ZEW economic confidence n later EU's consumer confidence during NY morning.

Today is EU Eco. n Financial Affairs Council meeting and ECB's Vice President Constancio will be speaking in the meeting. Also, today, is the start of the 4-day World Economic Forum in Davos Switzerland.

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AceTraderFx Jan 24: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
24 Jan 2018 02:50GMT

EUR/USD - 1.2305.. Euro stands tall in Asian morning after pushing higher above yesterday's high at 1.2306 (New York) to 1.2315 as renewed usd's weakness ahead of Asian open prompted short-term specs to buy the euro.

Yesterday's rally was triggered by release of upbeat euro zone consumer confidence which came out in New Yorki morning and in the absence of key U.S. eco. data, traders sold the greenback broadly after the data.
Intra-day firmness suggests market participants are keen to push price above last Wednesday's 4-month peak at 1.2323 where stops are touted above 1.2330, so buying the single ccy on pullback is recommended.
Bids have been raised to 1.2280-70 with stops below there, offers are tipped at 1.2315/25 with stops above there.

Today is PMI day, France will release Markit manufacture and services PMIs, then the same from Germany and the EU.

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AceTraderFx Jan 25: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 109.11.. Despite staging a short covering rebound ahead of Tokyo open after yesterday's sharp fall to a fresh 4-month trough at 108.97 in New York following weak dollar comments by U.S. Treasury Secretary Mnuchin in European morning, renewed selling emerged at 109.47 shortly after Tokyo open and knocked price lower, suggesting recovery is over and price would resume resume decline in European trading.

Therefore, selling the greenback of recovery is the way to go but it is unlikely dlr would repeat decline in the same magnitude today like we saw yesterday.
For now, offers are tipped at 109.40/50 with stops above 109.65.
Bids are noted at 109.00-108.90 with some stops below there.

U.S. will release initial weekly jobless claims, wholesale inventories, news home sales and KC Fed Manufacturing Index, however, market is awaiting Friday's key GDP and durable good orders.

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AceTraderFx Jan 26: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
26 Jan 2018 03:15GMT

EUR/USD - 1.2426.. Euro edges higher in relatively calm Asian trading after Thursday's wild swings.

Despite jumping to a fresh 3-year high of 1.2538 after tripping stops n option barrier at 1.2500 following ECB Draghi said the ECB did not target FX rates when asked about the strength of the single currency.
However, just when euro bulls were making their victorious war dance, surprise comments by Trumps who said he wanted a strong dollar sent the greenback rallying broadly n this in turn knocked the pair to as low 1.2365.

Although euro has edged higher on renewed buying (bargain hunting perhaps), one should pay attention to euro's performance in early European morning to see European traders' reaction to Trump's remarks which came well after European closing.
For now, broad sideways swings above 1.2365 is expected.
Bids are noted at 1.2380-70 with stops below 1.2360, some offers are tipped at 1.2435/45 with stops above 1.2460.

Ahead of release of key U.S. eco. data, the only data due out during European morning are France's business climate and consumer confidence.

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

Intra-Day Market Moving News and Views
29 Jan 2018 03:15GMT

USD/JPY - 108.87.. Dlr gains respite in Tokyo trading after hitting a 4-1/2 month trough of 108.29 due to broad-based yen buying in New York session despite rally in U.S. Treasury yields where benchmark 10-year climbed to a 3-1/2 year high of 2.6916%.
However, short covering briefly lifted price to 109.05 in New York afternoon.

Despite dlr's initial weakness to 108.51 at Asian open, buying on bargaining hunting (Japanese importers) emerged and lifted price to 108.99, suggesting choppy trading above said Friday's temp. low would continue.
Bids are noted at 108.60-50 with stops below there.
Offers are tipped at 109.00/05 with stops above there, however, more selling interest is touted at 109.55/75 area.

U.S. will release person income n spending, PCR, core PCE and Dallas Fed mfg business index later today.

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AceTraderFx Jan 30: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
30 Jan 2018 03:05GMT

EUR/USD - 1.2283.. Euro also pares yesterday's losses and maintains a steady to firm undertone in subdued Asian morning.

The single currency came under broad-based selling at 1.2428 right at European open on Monday and fell steadily to session lows of 1.2338 in New York morning on broad-based long liquidation in the euro vs usd, yen, gbp as well as chf. However, renewed buying emerged at New York midday and later lifted price back up to 1.2389/90.

Sideways swings above 1.2338 is expected until European open and one can trade from both sideways of the market as traders are keeping their powder dry ahead of Fed's rate decision on Wednesday.
Offers are tipped at 1.2390/00 n more above with stops above 1.2430/35.
Bids are noted at 1.2470-60 with stops below 1.2330.

Euro area counties will release a slew of eco. data (see EI page for details). ECB's Villeroy will speak at a conference in Paris at 11:00GMT, then France's FinMIn Le Marie will speak in Paris at 16:00GMT n at 16:30GMT, ECB's Mersch will speak in at Goethe University in Frankfurt.


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AceTraderFx Jan 31: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
31 Jan 2018 03:45GMT

EUR/USD - 1.2425.. Euro edged higher in Asia after yester'day's intra-day rally from 1.2336 (Europe) to 1.2454, however, despite subsequent retreat to 1.2384 on profit taking after upbeat U.S. consumer confidence, intra-day gain suggests consolidation with upside bias remains.

Bids are noted at 1.2400/1.2390 with stops below 1.2384.
Offers are tipped at 1.2440/50 with stops above 1.2500.

Euro area countries will release a slew of eco. data (pl refer to EI page for details) n we have ECB's Lane speaking at 09:50GMT n then ECB's Coeure at 09:50GMT.

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AceTraderFx Feb 01: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
01 Feb 2018 03:00GMT

USD/JPY - 109.33.. The greenback maintains a firm undertone after yesterday's cross-inspired rise from 108.60 (Europe) to as high as 109.45 following release of upbeat U.S. ADP private payrolls n then mildly hawkish FOMC statement.

Despite a brief pullback to 109.00 on profit taking in choppy post-FOMC trading, price ratcheted higher to 109.41 in Asia, suggesting consolidation with upside bias remains for further gain.
Bids are noted at 109.10-00 n more below with stops reported below 108.60.
Offers are tipped at 109.40/45 with stops above there, more selling interest is touted t 109.60/70 with stops above 109.80.

Today is PMI day, U.S. will release Markit manf. and ISM mfg PMIs as well as construction spending.

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AceTraderFx Feb 02: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
02 Feb 2018 03:15GMT

EUR/USD - 1.2490.. Despite closing above the 1.2500 handle for the first time in over 3 years, intra-day rise in dlr/yen led to broad-based rebound in the greenback in Asia n euro pares yesterday's rally and is trading at intra-day low, suggesting price is not ready to re-test last Thursday's 3-year peak at 1.2538.

Expect range trading until European open and bids are noted at 1.2480-70 with some stops below there. More stops are touted below 1.2460.
On the upside, offers are tipped at 1.2520/30 with stops above 1.2550.

Euro area countries will release a slew of eco. data starting with Italy's CPI, EU PPI. ECB's Coeure will deliver a speech in Slovenia at 10:00GMT n then ECB's Villeroy and ECB's Lane will both speak at a conference in Dublin at 14:00GMT.

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

Intra-Day Market Moving News and Views
05 Feb 2018 03:15GMT

USD/JPY - 109.88.. Dlr remains on the back foot in Asian trading as Friday's U.S. stock market rout continued in Asia as 2.5% selloff in the Nikkie prompted active cross-buying of yen on risk aversion, the pair met renewed selling at 110.29 to 109.80 in Tokyo trading.

Look like consolidation below Friday's post-NFP 10-day high at 110.48 would continue with downside bias and stops below 109.70 are in focus.
Offers are tipped at 110.15/25 with stops above 110.50, a mixture of bids and stops is reported below 109.80-70.

U.S. will release Markit services services PMI and then ISD non-mfg PMI n at 14:00GMT, the incoming Fed Chief Jerome Powell will be sworn in as the head of the Fed.

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