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

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AceTraderFx Oct 06: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 06 Oct 2020 05:30GMT

EUR/USD - 1.1787... The single currency went through a volatile session on Monday. The pair found renewed buying at 1.1707 in New Zealand and rose to 1.1735 in Asian morning. Despite retreating to 1.1720 in European morning, price then rallied to a near 2-week high at 1.1797 in New York morning on improved risk sentiment on optimism that U.S. Democrats and Republicans could agree on the new stimulus plan before retreating to 1.1772 on profit-taking. Price then rebounded again to 1.1793 at European open as U.S. President Trump was discharged.

Euro's resumption of upmove from September's 8-week trough at 1.1613 to 1.1797 yesterday suggests decline from September's 2-year peak at 1.2011 has made a temporary bottom and consolidation would be seen before heading to 1.1840/50, however, overbought condition should keep price below 1.1870/71 and yield retreat.

Bids are noted at 1.1775-70 with stops below 1.1745-40 while offers are tipped at 1.1805/10 with move above and stops above 1.1850.

On the data front, Germany will release industrial orders at 06:00 GMT and we have a number of ECB officials due to speak later with focus on President Christine Lagarde's speech, please refer to our EI page for more details.


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AceTraderFx Oct 07: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 07 Oct 2020 05:30GMT

EUR/USD - 1.1730... Although the single currency edged up to 1.1799 in European morning yesterday, price retreated to 1.1766 before briefly rising to a 2-week high at 1.1807 at New York open on cross-buying in euro, especially versus sterling. However, the pair then tumbled to 1.1733 near the close, then to 1.1726 in Asian morning today on active safe-haven usd buying after U.S. President Donald Trump halted recent coronavirus relief package talks.

Despite euro's erratic rise from September's 8-week low at 1.1613 to 1.1807 yesterday, subsequent selloff to 1.1726 today suggests temporary top is in place and consolidation would be seen before prospect of another fall to 1.1685, break would head to 1.1662/67 later.
Offers are tipped at 1.1740/45 with more above and stops above 1.1770 while bids are noted at 1.1700-95 with stops below 1.1650.

On the data front, Germany will kick off with industrial output at 06:00 GMT, followed by France current account, trade balance, imports, exports at 06:45 GMT and then Italy retail sales at 08:00 GMT. Traders should pay close attention to ECB President Christine Lagarde's speech at a Paris Europlace financial conference scheduled at 12:00 GMT.

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AceTraderFx Oct 08: Intra-Day News and Views & data to be released today – USD/JPY

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

USD/JPY - 106.02... The greenback found renewed buying at 105.60 in Australia yesterday and rose above last Wednesday's 105.80 high to a 3-week high at 106.10 in Europe on cross-selling in jpy together with rise in U.S. stock futures before retreating to 105.86 in New York morning on profit-taking. The pair then recovered and re-tested 106.10 at Asian open today before easing.

Dollar's yesterday's rise to 106.10 suggests upmove from September's 6-month trough at 104.01 has resumed and further headway to 106.26/29, then 106.50/55 would be seen after consolidation, however, loss of upward momentum should cap price below 106.70/75 today.
Bids are noted at 105.90-85 with stops below 105.70-60 while offers are tipped at 106.20 with more above and stops above 106.55/60.

On the data front, U.S. will release initial jobless claims and continued jobless claims at 12:30 GMT, with street forecasts at 820k and 11.400M respectively versus 837k and 11.767M prior. We also have a few Fed officials due to speak in New York session, please refer to our EI page for more details.

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AceTraderFx Oct 09: Intra-Day News and Views & data to be released today – USD/JPY

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

USD/JPY - 105.86... The greenback moved broadly sideways on Thursday as focus was on euro and sterling. Although dollar re-tested Wednesday's 3-week high at 106.10 at Asian open, price retreated to 105.93 in European morning and then traded narrowly in subuded New York session and then weakened to 105.82 in Asian morning today.

Dollar's resumption of upmove from September's 6-month trough at 104.01 to 106.10 on Wednesday suggests medium term decline from March's 111.71 high has made a temporary bottom and intra-day retreat would bring choppy sideways swings before heading to 106.50/55, however, loss of momentum should cap price below 106.70/75 today.
Bids are noted at 105.85-80 with stops below there while offers are tipped at 106.20/30 with stops above 106.50.

On the data front, U.S. will release wholesale inventories and wholesale sales at 14:00 GMT.
Traders should also pay close attention to headlines in regards to U.S. stimulus plans as risk sentiment should increase if passed by U.S. President Donald Trump.

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AceTraderFx Oct 12: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 12 Oct 2020 05:30GMT

EUR/USD - 1.1816... Although the single currency rallied to a 17-day high at 1.1831 near New York close on Friday, price opened lower today and fell to 1.1799 (Reuters) in New Zealand on profit-taking and cross-selling in eur/jpy cross before rebounding to 1.1823 and the swings sideways in Asian morning.

Euro's rally on Fri and then break of last Tuesday's 1.1807 high to 1.1831 suggests recent upmove from September's 8-week trough at 1.1613 to retrace early decline from 2020 27-month peak at 1.2011 (September) has resumed and expect consolidation before prospect of another rise to 1.1896/00, however, overbought condition may cap price below 1.1917 and yield retreat.
Bids are noted at 1.185-10 with stops below there while offers are tipped at 1.1860/70 with more above and stops above 1.1900.

On the data front, Germany will release wholesale price index at 06:00 GMT and we have a few ECB officials due to speak later, please refer to our EI page for more details.

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AceTraderFx Oct 14: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 14 Oct 2020 05:30GMT

USD/JPY - 105.33... Although the greenback found renewed buying at 105.29 in Australia yesterday and rose to 105.62 in New York morning on active safe-haven usd buying, price retreated to 105.31 in Asian morning today on cross-buying in jpy.

Despite dollar's resumption of upmove from September's 6-month trough at 104.01 to a 3-week high at 106.10 last Wednesday, subsequent fall to 105.25 on Monday suggests temporary top is made and as 105.62 has capped recovery, consolidation with downside bias remains for weakness to 104.95, break would head to 104.60/65 but 104.41 may hold today.
Offers have been lowered to 105.35/40 with stops above 105.60/65 while bids are noted at 105.10-00 with more below stops below 104.50.

On the calendar front, U.S. will release PPI, core PPI at 12:30 GMT and then Redbook at 12:55 GMT.
We also have a few Fed officials due to speak in New York session, please refer to our Economic Indicators page for more details.
Also, traders should keep an eye out for any U.S. stimulus headlines.

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AceTraderFx Oct 15: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 15 Oct 2020 05:30GMT

USD/JPY - 105.25... The greenback initially retreated to 105.31 in Asian morning yesterday before rebounding to 105.51 at European open, however, the pair then fell to a 9-day low of 105.04 in New York on usd's weakness due to continued standstill in U.S. stimulus relief package before recovering to 105.29 in Asian morning today on cross-selling in the Japanese yen.

Despite dollar's erratic rise from September's 6-month trough at 104.01 to a 3-week high at 106.10 last Wednesday, subsequent fall to 105.04 yesterday suggests temporary top is in place and intra-day rebound would bring choppy sideways swings before prospect of another decline, however, loss of momentum should prevent steep drop below 104.95 and 104.75/77 should contain downside.
Offers are tipped at 105.30/35 with more above and stops above 105.60/65 while bids are noted at 104.95 with stops below there.

On the calendar front, U.S. will release weekly jobless claims and continued jobless claims at 12:30 GMT, with street forecast at 825k and 10.700M respectively versus prior readings of 840k and 10.976M.
We also have a few Fed officials due to speak, please refer to our Economic Indicators page for more details.

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AceTraderFx Oct 16: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 16 Oct 2020 05:30GMT

USD/JPY - 105.30... The greenback found renewed buying at 105.09 in Australia yesterday and rose to 105.34 in Europe before retreating to 105.19 at New York open. However, the pair later rose to 105.49 on active safe-haven usd buying due to continued standstill in U.S. coronavirus aid talks before retreating to 105.28 in Asian morning today on cross-buying in the Japanese yen.

Although dollar's fall from last Wednesday's 3-week high at 106.10 to 105.04 suggests upmove from September's 6-month trough at 104.01 has made a temporary top, subsequent rebound and yesterday's gain to 105.49 signals as long as 105.18/20 holds, consolidation with mild upside bias would be seen, however, reckon 105.82 would cap upside and yield retreat later.
Some bids are noted at 105.25-20 with stops below there while offers are tipped at 105.55/60 with stops above 105.80.

On the calendar front, U.S. will release a slew of data and focus will be on retail sales and retail sales ex-autos due out at 12:30 GMT, with street forecast at 0.7% and 0.5% respectively versus prior readings of 0.6% and 0.7%.
Trader should continue to pay attention to U.S. stimulus talks headlines.

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AceTraderFx Oct 19: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 19 Oct 2020 05:30GMT

USD/JPY - 105.41... Although the greenback dipped to 105.34 in New Zealand today, price found renewed buying and briefly rose to 105.50 at Asian open on cross-selling in the Japanese yen before easing.

Despite dollar's resumption of decline from October's 3-week high at 106.10 to 105.04 last Wednesday, subsequent rebound to 105.50 today suggests upmove from September's 6-month trough at 104.01 has made a temporary top and consolidation with mild upside bias would be seen, however, reckon 105.62 should cap upside and yield another fall to 104.95 (October's bottom) later, break needed to head to 104.63/65 before prospect of another bounce.
Offers are tipped at 105.55/60 with stops above there while some bids are noted at 105.30-25 with stops below 105.00-104.95.

On the data front, U.S. will only release NAHB housing market index at 14:00 GMT. Also, we have a few Fed officials due to speak in New York session and Chairman Jerome Powell is scheduled to speak at 12:00 GMT. Please refer to our EI page for more details.

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AceTraderFx Oct 20: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 20 Oct 2020 05:30GMT

EUR/USD - 1.1767... The single currency went through a volatile session on Monday. Although price retreated from 1.1726 in New Zealand to 1.1704 shortly after European open, price found renewed buying and later rose to 1.1793 in New York on usd's weakness due to return of risk sentiment on rally in global equities before weakening to 1.1765 on profit-taking.

Despite euro's fall from October's 2-1/2 week high at 1.1831 to 1.1689 last Thursday, subsequent rebound to 1.1745 on Friday, then yesterday's rise above this level to 1.1793 suggests temporary low is in place and range trading would be seen ahead of European open before prospect of another upmove to 1.0807/10, then possibly re-test of 1.1831.
Bids are noted at 1.1765-60 with stops below 1.1745 while offers are tipped at 1.1810/15 and stops above there.

On the calendar front, Germany will kick start with producer prices at 07:00 GMT then EU current account at 08:00 GMT.

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