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

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AceTraderFx Mar 05: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 05 Mar 2021 05:30GMT

USD/JPY - 107.83.. Despite initial marginal gain above Thursday's 8-month high of 107.98 to 108.00 in Australia, price quickly retreated ahead of Tokyo open on yen-buying by Japanese exporters n dlr has shrugged off dovish comments by BoJ Gov. Kuroda (see prev. update), suggesting range trading with near term downside bias would be seen.

As intra-day gain to 108.00 signals Medium Term uptrend from Jan's 9-1/2 month trough at 102.60 remains in force, day and position traders should buy dlr on dips for further headway to 109.55, then towards 109.84 later this month.
Bids are noted at 107.80/70 and more below with stops below 107.50 while offers are tipped at 108.00/10 with some stops above there.

T.G.I.F., however, European and N. American traders are keenly awaiting key U.S. jobs report plus other eco. data later today. We also have Fed's Bostic scheduled to speak at 20:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 08 Mar 2021 05:30GMT

USD/JPY - 108.41.. Dlr moves narrowly in subdued Tokyo morning after climbing to an 8-1/2 month peak of 108.64 on Friday after robust U.S. payrolls report n despite intra-day brief retreat to 108.10 on profit taking, price later edged higher in late New York, then 108.47 in Australia on the back of higher US yields where the benchmark 10-year hit a fresh 1-year high of 1.625% (circa 1.545%).

Expect sideways swings to continue as market focus is on other G7 usd majors esp. the commodity currencies before recent uptrend resumes.
Bids are noted at 108.35-25 and more below with stops below 108.10/00 area.
Offers are tipped at 108.55/65 with stops touted above there.

BoJ's Deputy Governor Amamiya will speak at 06:00GMT at a seminar ahead of the central bank's scheduled review of its policy tools at the March rate review.
On the data front, the only economic data from the U.S. are 2nd-tier wholesale inventory n wholesale sales data.

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

Intra-Day Market Moving News and Views
Update Time: 09 Mar 2021 05:30GMT

USD/JPY - 109.17.. Despite moving narrowly in subdued Australian morning on Tuesday after hitting a fresh 8-1/2 month high of 108.94 in New York yesterday, the pair caught a bid at Tokyo open on broad-based yen selling n rallied to a 9-month peak of 109.23 due to a bout of renewed usd's selling vs other G7 currencies.

Intra-day gain to 109.23 suggests recent upmove from January's 9-1/2 month bottom remains in force and gain to 109.65/75 is envisaged, minor loss of upward momentum is likely to cap price below daily chart res at 109.84 (2020 June high) and yield correction later today or tomorrow.
Bids have been raised to 109.0/95 with stops below 108.60 while some offers are tipped at 109.30/40 and more above with stops reported above 110.00.

Economic calendar in the U.S. is very thin with 2nd-tier redbook sales being the only data due out at 13:55GMT, therefore, traders will take cue from intra-day move in U.S. stocks n U.S. yields.

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AceTraderFx Mar 10: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 10 Mar 2021 05:30GMT

EUR/USD - 1.1886.. Euro's swings sideways but a with soft undertone in Asia after staging an impressive rally from Tue's 3-month trough at 1.1836 at Asian open to as high as 1.1915 in Europe as intra-day falling US yields triggered broad-based short covering in the euro, however, lack of follow-through buying later pushed price back down to 1.1883 in New York morning.

As yesterday's bounce from 1.1836 signals recent downtrend has made a temp. low, 1-2 days of cosolidation is envisaged and as long as 1.1866 (Tuesday's Asian high, now sup) holds, stronger retracement to 1.1935/40 may be seen but reckon 1.1953 (February low, now res) should cap upside and yield another fall (dovish comments by ECB's Lagarde at Thursday's post-ECB meeting perhaps).
Offers are tipped at 1.1905/15 with stops above there while bids are noted at 1.1885/80 with stops below there.

Economic data in the euro area countries are a little light today (please refer to our EI page for details), we have ECB board member Fernandez-Bollo speaking at 13:00GMT.

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AceTraderFx Mar 11: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 11 Mar 2021 05:30GMT

EUR/USD - 1.1925.. Trading the single currency proved to be tricky in volatile Wednesday's session. Although price fell from 1.1903 (AUS) to 1.1869 ahead of European open, renewed buying lifted the pair n price ratcheted higher to 1.1924 in New York morning on renewed usd's weakness on soft U.S. inflation data, the pair fell briefly to 1.1887 on profit taking before climbing to session highs of 1.1929 near New York close on falling US yields led by rise in the Dow to record highs.

Although euro's erratic rise from Tue's fresh 3-month bottom at 1.1836 suggests recent decline has made a temp. low and marginal gain towards 1.1953 ahead of ECB's rate announcement can't be ruled out, reckon upside would be capped well below 1.1992 (February low, now res) and yield decline (dovish comments by ECB's Lagarde perhaps).
Bids are noted at 1.1900/1.1890 with stops below 1.1880 and more below 1.1860 while offers are tipped at 1.1940/50 with stops above there.

No eco. data is due out from the euro area countries so traders are keeping their powder relatively dry until ECB's monetary policy announcement at 12:45GMT n then post-ECB presser by ECB's Largarde whick always promises to cause volatility in the euro.

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

Intra-Day Market Moving News and Views
Update Time: 12 Mar 2021 05:30GMT

EUR/USD - 1.1982.. As mentioned in Thursday's update, the post-ECB presser by ECB President Lagarde (her predecessor too) always promises 'volatility' and euro did not disappoint to those looking for wild swings (question is whether one can profit from them or not !).

Despite euro climbed steadily at Asian open Thursday from 1.1917 to 1.1968 in Europe and then a brief jump to 1.1973 at New York open, price retreated to 1.1929 during Lagarde's presser on profit taking but only to rally to session highs of 1.1990 as gain in US stocks boosted risk sentiment and led to broad-based usd's bashing. Yesterday's resumption of upmove from Tuesday's 3-month trough at 1.1836 suggests price may head to 1.2030/40 but reckon 1.2030/40 would cap upside.
Bids are noted at 1.1960/50 with stop below 1.1915 and offers are tipped at 1.1990/00 with stops above there.

The euro area countries will release a slew of eco. data, please refer to our EI page for details. ECB board member af Jochnick will speak at a financial forum at 13:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 15 Mar 2021 05:30GMT

EUR/USD - 1.1959.. Euro maintains a firm undertone in relatively quiet Asian morning following a volatile session on Friday. Despite intra-day fall from 1.1988 (Asia) to 1.1911 in Europe on rally in U.S. yields, renewed usd's selling as gain in U.S. stocks boosted risk appetite and price later climbed back to 1.1961 near New York close.

Range trading is expected to continue with mild upside bias n break of last week's high at 1.1990 (Thursday) needed to extend further gain to 1.2030/35.
Order board is pretty thin on Monday with bids noted at 1.1940-30 and more below with stops below 1.1910 while some offer are tipped at 1.1980/90 with stops touted above 1.2000.

No eco. data is due out from the euro area countries. There is a Euro group meeting later today where ECB President Lagarde n ECB board member Panetta will participate in the meeting. Euro zone finance ministers are scheduled to meet at 14:00GMT . So keep an eye out for comments from ECB officials.

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

Intra-Day Market Moving News and Views
Update Time: 16 Mar 2021 05:30GMT

USD/JPY - 109.15.. The pair moves narrowly but with a firm undertone in subdued Asian morning after hitting a fresh 9-month peak of 109.36 ahead of European open Mon due to gain in U.S. yields (benchmark 10-year hit
fresh 1-year high of 1.6740 near Friday close).

Despite intra-day pullback to 109.01 in Europe, price traded narrowly in New York session as market was on other G7 currencies. Expect consolidation in Europe before heading to 109.60/65, however, loss of upward momentum would cap price below daily res at 109.84.
Bids are noted at 109.05/108.95 with stops below 108.80 while offers are tipped at 109.35/40 with stops above 109.50.

The Fed starts its 2-day FOMC meeting today. On the data front, U.S. will release a slew of economic data, please refer to our EI page for details.

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AceTraderFx Mar 17: Intra-Day News and Views & data to be released today –USD/JPY

Intra-Day Market Moving News and Views
Update Time: 17 Mar 2021 05:30GMT

USD/JPY - 109.09.. Dlr pares Tuesday's decline n climbed in tandem with rising U.S. yields from 108.99 (AUS) to 109.16 in Asian trading. Despite yesterday's initial firmness and intra-day gain to 109.28 in Europe, active broad-based cross buying in yen due to retreat in US yields sent price sharply lower to 108.78 in New York morning, however, the pair quickly rebounded in tandem with US yields to 108.08.

As 109.16 has capped intra-day recovery, suggesting further choppy swings below Mon's 9-month peak at 109.36 would continue and below 108.78 bring stronger retracement of recent upmove to 108.50 but reckon 108.35 sup should contain weakness.
Offers are tipped at 1.1905/10 with some stops above 1.1920/25 while bids are noted at 1.1985/80 with stops below there.

All eyes are on FOMC announcement n then post-FOMC presser by Fed's J. Powell, many see dlr will be supported as Fed is in unlikely to act on recent rally in U.S. Treasury yields n mere comments by Powell without Fed action will not stem such rise.
U.S. will release some second-tier eco. data during New York morning, please refer to our EI page for details.

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AceTraderFx Mar 18: Intra-Day News and Views & data to be released today –USD/JPY

Intra-Day Market Moving News and Views
Update Time: 18 Mar 2021 05:30GMT

USD/JPY - 109.06.. Despite initial brief break of overnight New York low of 108.75 to 108.70 in Australia on stop hunting, the pair quickly rebounded on short covering ahead of Tokyo open after Wednesday's selloff from 109.32 shortly after New York midday to session lows of 108.75 after Fed's surprise dovish hold.

Intra-day strong bounce to 109.12 signals 1st leg of correction has ended n expect range trading to continue until European open, as long as 109.28/32 holds, decline from Monday's 9-month peak at 109.36 to retrace recent upmove would head towards 108.50 but chart obj. at 108.35 should hold.
Offers are tipped at 109.10/15 n more above there with stops building above 109.40. Bids are noted at 108.80/70 with stops below there.

After Wednesday's key FOMC, U.S. will later release weekly jobless claims, continued jobless claims, Philly Fed mfg index n then leading index.

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