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

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AceTraderFx Jun 26: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views
Update Time: 26 Jun 2020 04:30GMT

USD/JPY - 107.20.. Dlr pares yesterday's gain and retreated on profit taking to 107.09 in early Asian trading Friday after hitting a 1-week high of 107.45 at New York open.

Although the pullback from 107.45 suggests upmove from Tuesday's 6-week trough at 106.08 has made a temp. top n range trading would continue, reckon 107.00 would contain weakness n extend said rise towards next chart obj. at 107.63 but 108.08 (May's high) should cap upside.
Bids are noted at 107.10/00 with stops below 106.75 while offers are tipped at 107.35/45 with stops above 107.65.

T.G.I.F. after a pretty tumultuous week, however, U.S. will release a slew of eco. data starting with core PCE, PCE price index, personal income at 12:00GMT n then University of Michigan consumer confidence at 14:00GMT.

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AceTraderFx Jun 29: Intra-Day News and Views & data to be released today- GBP/USD

Intra-Day Market Moving News and Views
Update Time: 29 Jun 2020 04:30GMT

GBP/USD - 1.2366... Despite the British pound's selloff from 1.2436 to a near 1-month trough at 1.2314 on Friday, price rebounded to 1.2354 in New York afternoon and then gained to 1.2373 in Asia after finding renewed buying at 1.2327 in New Zealand.

Cable's intra-day strong rebound suggests decline from June's near 3-month peak at 1.2812 has made a temporary low at 1.2314 (Friday) and choppy trading with mild upside bias would be seen. However, offers at 1.2380/90 and more above at 1.2400/10 would cap current rise and yield retreat later.

In the absence of any major economic data from UK today, one should pay attention to Bank of England policymaker Gertjan Vlieghe's speech on macroeconomic tail risks at 12:30GMT in London.

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AceTraderFx Jun 30: Intra-Day News and Views & data to be released today- GBP/USD

Intra-Day Market Moving News and Views
Update Time: 30 Jun 2020 04:30GMT

GBP/USD - 1.2300... The British pound went through a volatile session yesterday as despite initial rise from 1.2327 in New Zealand to an intra-day high at 1.2389 at European open, price erased its gains and tumbled in European session to a 1-month trough at 1.2252 in New York morning on sterling's broad-based weakness on concerns over UK's spending plan together with fears of a hard Brexit as the fifth round of negotiations between EU and UK begin. Later, the pair staged a short-covering rebound to 1.2317 at Asian open today before retreating.

Cable's intra-day retreat from 1.2317 suggests the recovery from yesterday's 1-month trough at 1.2252 has ended and there and consolidation with downside bias remains for a re-test of said support, break would extend decline from June's near 3-month peak at 1.2812 to 1.2220/25.
Offers are now seen at 1.2310/20 with stops building up above there whilst initial bids are noted at 1.2200/10.

Pay attention to the release of UK GDP at 06:00GMT. Street forecasts for QQ and YY are unchanged from previous readings of -2.0% and -1.6% respectively. Market focus is also on UK PM Boris Johnson, who is set to unveil UK's new infrastructure plan later today.

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AceTraderFx July 02: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views
Update Time: 02 July 2020 04:30GMT

USD/JPY - 107.47... Although the greenback tumbled from yesterday's Asian high at 108.16 to 107.37 in New York open, price rebounded briefly to 107.60 on the back of encouraging U.S. ADP employment data. However, renewed selling there knocked price back down to 107.34 in Tokyo morning today before stabilising.

Dollar's selloff from 108.16 to 107.37 yesterday and intra-day break below this level suggests upmove from last Tuesday's 6-week trough at 106.08 has made a temporary top there and consolidation with downside bias remains for stronger retracement to 107.05, then to 106.87 (61.8% r) before prospect of rebound.
Offers are now seen at 107.50/60 and move above at 106.70/80 with stops building up above there whilst initial bids are noted at 106.70/80.

Market focus is now on U.S. jobs report, which is scheduled to release a day earlier this month as U.S. markets will be closed on Friday for Independence Day holiday. Street forecast for non-farm payrolls and average earnings are 3,000k and -0.7% vs previous readings of 2,509K and -1.0% respectively.

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AceTraderFx July 03: Intra-Day News and Views & data to be released today- GBP/USD

Intra-Day Market Moving News and Views
Update Time: 03 July 2020 04:30GMT

GBP/USD - 1.2461... The British pound found renewed buying at 1.2462 in Asia yesterday and gained to 1.2526 in European morning, then higher to session highs at 1.2530 at New York open before falling to 1.2457 in New York morning on usd's broad-based strength in post-NFP trading.

Cable's selloff from 1.2530 to 1.2457 yesterday suggests upmove from Monday's 1-month bottom at 1.2252 has made a temporary top there and consolidation with downside bias would be seen for weakness to 1.2420/24. Offers are now seen at 1.2480/90 and more above at 1.2500/10 with stops building up above there whilst initial bids are noted at 1.2400/10.

Pay attention to the release of UK services PMI at 08:30GMT. Street forecast is for an unchanged reading at 47.0.

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AceTraderFx July 06: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views
Update Time: 06 July 2020 04:30GMT

USD/JPY - 107.74... The greenback found renewed buying at 107.47 in New Zealand today after Friday's sideways move in holiday-thinned North American session as U.S. markets were closed for Independence Day holiday. The pair then ratcheted higher to 107.77 in Tokyo morning on cross-selling in jpy due partly to the rise in Nikkei-225 (currently up by 316 points or 1.42%).

Dollar's intra-day break of previous resistance at 107.72 suggests pullback from last week's high at 108.16 (Wednesday) has ended at 107.34 Thursday and consolidation with upside bias remains for gain to 107.98, then towards said resistance.
Bids are now seen at 107.50/60 and more below at 107.30/40 with stops building up below there whilst initial offers are noted at 108.30/40.

Market focus is now on the release of U.S. ISM non-manufacturing PMI at 14:00GMT. Street forecast is 49.5, up from previous reading of 45.4.

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AceTraderFx July 07: Intra-Day News and Views & data to be released today- GBP/USD

Intra-Day Market Moving News and Views
Update Time: 07 July 2020 04:30GMT

GBP/USD - 1.2499... The British pound swung wildly in hectic trading yesterday as price initially gained in tandem with euro from New Zealand low at 1.2462 to 1.2509 at European open. Despite a brief pullback to 1.2475 in Europe, the pair rose to session highs at 1.2520 in New York morning before retreating sharply to 1.2482 on usd's broad-based rebound. Sterling then staged a recovery to 1.2517 in Asia today before retreating again to 1.2491.

Cable's gain to 1.2520 yesterday suggests the pullback from last Thursday's high at 1.2530 has ended at 1.2439 Friday and upside bias remains for a re-test of said resistance, break would extend upmove from last Monday's 1-month trough at 1.2252 towards 1.2565/70 later.
Bids are now seen at 1.2480/90 with stops building up below there whilst initial offers are noted at 1.2680/90.

Since there is no major economic data out of the UK today, pay attention to remarks from Bank of England Chief Economist Andy Haldane, who is scheduled to speak at 17:00GMT.

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AceTraderFx July 08: Intra-Day News and Views & data to be released today- EUR/USD

Intra-Day Market Moving News and Views
Update Time: 08 July 2020 05:30GMT

EUR/USD - 1.1280... The single currency went through a roller-coaster ride on Tuesday as despite tumbling from Asian high at 1.1332 to session lows at 1.1260 in Europe on usd's strength, the pair rebounded to 1.1307 in New York morning before retreating again to 1.1269 near New York closing, then lower to 1.1265 in Asia today.

Euro's rebound from yesterday's low at 1.1260 suggests pullback from Monday's high at 1.1345 has ended there n consolidation with upside bias remains and above previous resistance at 1.1348 would extend upmove from 1.1169 (June) towards 1.1380/85.
Bids are now seen at 1.1260/70 with stops building up below there whilst initial offers are noted at 1.1390/00.

Pay attention to comments from ECB Vice President Luis de Guindos, who is scheduled to discuss measures adopted by the central bank on EU economic recovery at 14:00GMT.


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AceTraderFx July 09: Intra-Day News and Views & data to be released today- EUR/USD

Intra-Day Market Moving News and Views
Update Time: 09 July 2020 05:30GMT

EUR/USD - 1.1345... The single currency went through hectic trading yesterday as despite initial drop to session lows at 1.1263 at European open, price then rebounded to 1.1294. Intra-day ascent accelerated in New York morning and the pair rose to a 3-week peak at 1.1351 on usd's weakness before retreating to 1.1328 in Australia today on profit-taking.

Euro's break of previous daily resistance at 1.1348 signals erratic upmove from 1.1169 to retrace decline from June's 3-month peak at 1.1422 has once again resumed and further gain to 1.1380/83 would be seen after consolidation.
Bids are now seen at 1.1310/20 and more below at 1.1280/90 with stops building up below there whilst initial offers are noted at 1.1410/20.

As there is no major economic data due from the EU today, pay attention to comments from ECB President Christine Lagarde and board member Fabio Panetta, who will participate in a Eurogroup meeting videoconference at 16:00GMT.

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AceTraderFx July 13: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views
Update Time: 13 July 2020 05:30GMT

USD/JPY - 106.83.. The pair inched lower in Asian trading after staging a rebound from Friday's 9-day low of 106.65 to 106.94 in New York on short covering due partly cross-selling in yen. Although price edged higher to 106.96 at New Zealand open, renewed broad-based dlr's weakness in early Asian trading pushed price to 106.80.

As dlr's decline from July's 108.16 peak to 106.65 Fri signals early correction from June's 106.08 bottom is over, consolidation with downside bias remains, so trading the buck from short side is recommended.
Offers are tipped at 107.90/95 n more above with stops above 107.15. Bids are noted at 106.75-65 with stops below there.

There is no U.S. eco. data due out today, however,
New York Fed President John Williams will speak at video webinar event hosted by the Bank of England and the Federal Reserve Bank of New York at 15:30 GMT.

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