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

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

Intra-Day Market Moving News and Views
Update Time: 19 Mar 2021 05:30GMT

EUR/USD - 1.1908.. Although trading the single currency proved to be tricky yesterday as intra-day choppy swings initially ended with price rising to 1.1988 at European open, giving traders bullish expectation of a break of last week's 1.1990 high (Thursday) to 1.2030/35, the continued rally in US yields took the wind out of euro's sails and knocked the pair steadily lower to 1.1907 in New York afternoon.

Intra-day brief break of 1.1907 on renewed usd's broad-based strength suggests downside bias remains for re-test of this week's low at 1.1883 (Tuesday) where a break there would encourage for further weakness towards March's 3-month bottom at 1.1836 next week.
Offers are tipped at 1.1930/40 with stops above 1.1955 while some bids are noted at 1.1890-80 with stops below there.

Economic calendar in the euro area is pretty thin with Germany's PPI being the only data due out. We also have ECB Board member Panetta speaking about payment at 10:45GMT.

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AceTraderFx Mar 22: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 22 Mar 2021 05:30GMT

EUR/USD - 1.1887.. The single currency remains on the back foot in volatile trading on Monday despite staging a recovery from Friday's 1.1874 low to 1.1912 in New York session Friday. Price fell in thin New Zealand morning due to broad-based usd's strength on the back of a plunging Turkish lira vs usd n briefly weakened to 1.1873 before recovering to 1.1892 at Asian open on lack of follow-through selling.

Although intra-day recovery would bring range trading until European open, as last week's fall from 1.1988 (Thursday) to 1.1873 today suggests correction from March's 3-month bottom at 1.1836 has ended earlier at 1.1990, bearishness remains for re-test of said temporary low this week.
Order board is pretty thin with some offers tipped at 1.1995/05 with some stops above 1.1920 and some bids are touted at 1.1875/70 with stops below 1.1865.

The only data due out today is euro zone's current account, the German Bundesbank will publish its month report during European morning. We have a number of ECB board members scheduled to speak later today (please refer to our EI section for details).

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AceTraderFx Mar 23: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 23 Mar 2021 05:30GMT

USD/JPY - 108.73.. Dlr continues to trade in familiar territory in subdued Tokyo morning after yesterday's initial weakness to 108.53 (New Zealand) n then a brief bounce to 108.95 after Asian open, subsequent sideways swings suggests price is likely to go nowehere as market's attention continues on other G7 majors.

Although early fall from last Mon's 9-month peak at 109.36 to 108.53 signals recent upmove has made a temporary top, as long as said reaction low holds, consolidation with upside bias remains.
Bids are noted at 108.65/55 with stops reported below 108.50 while offers are tipped at 108.95/05 and more above with stops touted above 109.40.

U.S. will release a slew of eco. data n we also have a number of Fed officials scheduled to speak in New York session, please refer to our Economic Indicator section for details. Fed Chief J. Powell n U.S. Treasury Secretary Yellen will testify before the House Financial Services Committee at 16:00GMT.
The prepared text of Powell's n Yellen's testimonies have been released in Australian morning (see our updates for details).

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AceTraderFx Mar 24: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 24 Mar 2021 05:30GMT

USD/JPY - 108.49.. Despite usd's strength vs other majors due to risk-off sentiment on Tue n today, the pair remains on the back foot as yen buying is perceived by traders as safe-haven play, leading to broad-based yen buying vs eur, gbp, chf, aud n nzd etc.

Dlr's rebound from Tuesday's 11-day low at 108.41 to 108.75 (Europe) suggests recent erratic fall from March's 109.36 peak has possibly made a low, as long as said sup holds, consolidation with upside bias remains, a break of said sup may risk stronger retracement to 108.35, possibly 108.00/10.
Bids are noted at 108.50-40 with stops reported below 108.30 while offers are tipped at 108.75/85 and more above with stops above 109.05.

U.S. will release a slew of eco. data, please refer to our EI page for details and pay attention to Markit mfg n services PMIs. Market will also follow testimonies by Fed Chair's Powell n U.S. Treasury Secretary Yellen.
Later today, Fed's Williams n Fed's Daily are scheduled to speak in New York afternoon

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AceTraderFx Mar 25: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 25 Mar 2021 05:30GMT

USD/JPY - 108.94.. Despite dlr's retreat from Wednesday's high at 108.95 to 108.67 in New York session in tandem with intra-day pullback in U.S. yields, the pair caught a bid at Tokyo open as news of N. Korea's firing of 2 ballistic missiles in Australian morning time triggered broad-based yen selling.

Intra-day brief break above 108.95 to 108.98 suggests correction from March's 9-month peak at 109.36 has possibly ended n consolidation with upside bias is expected.
Bids are noted at 108.75/65 and more below with stops reported below 108.35 while offers are tipped at 109.00/10 with stops above 109.15 and more stops are building up above 109.40.

U.S. will release a slew of eco. data, please refer to our EI page for details n pay attention to release of weekly jobless claims and continued jobless claims to gauge the latest U.S. employment situation.
We have a number of Fed officials scheduled to speak in New York morning as well as in the afternoon session.

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

Intra-Day Market Moving News and Views
Update Time: 26 Mar 2021 05:30GMT

USD/JPY - 109.23.. Dlr caught a bid at Tokyo open on Fri n climbed from 109.14 to 109.31, just shy of last Mon's 9-month peak of 109.36. Intra-day broad-based yen selling vs eur, gbp and aud etc suggests a break of said Mar's high would be seen, however, reckon daily res at 109.84 (2020 Jun high) should cap upside.

Therefore, trading from long side in anticipation of a resumption of Medium Term rise is recommended. Bids are noted at 109.15/10 and more below with stops reported below 108.95. Offers are tipped at 109.30/35 with stops above 109.40.

T.G.I.F., U.S. will later release a slew of eco. data, please refer to our EI page for details n pay attention to U.S. core PCE n PCE (these are Fed's favoured inflation gauge) n then University of Michigan consumer confidence.

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AceTraderFx Mar 29: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 29 Mar 2021 05:30GMT

EUR/USD - 1.1790.. Although euro moves broadly sideways in relatively subdued Asian trading, as early rebound fm last Thursday's 4-month bottom at 1.1762 to 1.1804 (NY) on Fri suggests recent downtrend has made a temp. low, consolidation with mild upside bias remains for a stronger retracement to 1.1815/25 later today b4 prospect of retreat.

Therefore, intra-day traders can buy euro on dips for a corrective rise to said upside target but res at 1.1850 should hold from here. Order board is pretty thin on Mon with some bids at 1.1780/70 with stop reported below 1.1760 while offers are tipped at 1.1800/10 with stops abv there.

Europe had moved their clocks faster by one hour to summer time on Sun. No eco. data is due out fm the euro area countries. We have ECB board member de Cos schedule to speak at a business forum at 08:30GMT.

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AceTraderFx Mar 30: Intra-Day News and Views & data to be released today – EUR/USD

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

EUR/USD - 1.1770.. Euro remains on the back foot in subdued Asian trading after Monday's marginal weakness below last Thursday's 1.1762 low to a fresh 4-month bottom of 1.1761 in New York morning.

The lack of a short covering rebound signals the path of least resistance is to the downside n market sentiment remains bearish for resumption of recent downtrend in European session, so trading from the short side is the way to go but downside may be ltd today due to loss of downward momentum.
Offers are tipped at 1.1780/90 with stop reported above 1.1805 while bids (profit taking) are touted at 1.1760/50 with some stops touted below there.

We have data dump from the euro area countries, please refer to our Economic Indicator page for details. pay attention to EU eco. sentiment, consumer confidence as well as business climate for March at 09:00GMT as euro will come under renewed bashing if actual readings are weaker than forecast. Also we have some ECB officials scheduled to speak later today.

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AceTraderFx Mar 31: Intra-Day News and Views & data to be released today –USD/JPY

Intra-Day Market Moving News and Views
Update Time: 31 Mar 2021 05:30GMT

USD/JPY - 110.62.. The greenback regained traction at Tokyo open on broad-based yen selling after pullback from Tuesday's 1-year high of 110.42 to 110.19 in New York morning in tandem with U.S. yields (benchmark 10-year rallied to a 14-month high of 1.776%), suggesting recent upmove would head to 110.90/00 after consolidation, however, o/bot condition is likely to cap price below projected re at 111.15.

Therefore, trading dlr from long side is recommended but profit should be taken on subsequent rise.
Bids have been raised to 110.30/20 with stops below 110.15 and more below 110.00.
Offers are tipped at 110.70/80 and more above with stops above 111.00.

U.S. will release a slew of eco. data, please refer to our EI page for details n pay attention to U.S. ADY private payrolls n Chicago PMI. We also have Atlanta Fed's Bostic and Treasury Sec Yellen scheduled to speak too.
Last but not the least, U.S. President Biden will unveil his massive 2 US trillion infrastructure plans (spread over a span of 8 years) when he visits Pittsburgh, market has been buying usd lately on the back of this in anticipation of a U.S. economic recovery.

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AceTraderFx Apr 01: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 01 Apr 2021 05:30GMT

USD/JPY - 110.66.. The greenback is in holding pattern after yesterday's resumption of recent upmove to a fresh 1-year peak of 110.96, however, profit taking later knocked price to 110.42 before rebounding in tandem with U.S. yields.

Although intra-day gain to 110.82 in Asia suggests daily upside bias remains for further headway to projected target at 111.15, loss of momentum should cap price at 111.30/40. Expect range trading to continue ahead of European open with bids noted at 110.65/45 are with stops below 110.40 while offers are tipped at 110.85/95 with stops reported above 111.00.

U.S. Preisent is scheduled to make another speech around 03:00GMT. On the eco. data front, U.S. will release a slew of data, please refer to our EI section for details and pay attention to weekly jobless claims and continued jobless claims, then later Markit mfg PMI n ISM mfg PMI. Philly Fed President Harker will speak at 17:00GMT.

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