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

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

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

USD/JPY - 109.23.. Dlr is in holding pattern after y'day's sideways swings following early retreat fm Mon's near 3-week peak of 109.69 to 108.90 n intra-day narrow move is expected to continue as markets in Japan n China are still closed (both will re-open Thur).

Although intra-day broad-based usd's retreat in Asia may weigh on the pair, as long as Mon's reaction low at 108.90 holds, price is en route to daily chart obj. at 109.95 once present consolidation is over. Order board is pretty ligh with bids touted at 109.05/108.95 with stops below 108.90 while offers are tipped at 109.45/55 with stops abv 109.70.

U.S. will release a slew of eco. data in NY morning session, pay attention to ADP private payrolls, then Markit services PMI n later ISM non-mfg PMI. We also have a number of Fed officials schedued to speak in NY session (pls refer to our EI page for details).

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

Intra-Day Market Moving News and Views
Update Time: 06 May 2021 05:30GMT

USD/JPY - 109.36.. Although markets in Japan and China have reopened after 3 days of market holidays, the pair continues to move narrowly, suggesting the daily sideways swings see in last 2 days following early retreat from 109.69 to 108.90 would continue.

Having said that, as dlr's recent rise from April's 6-week trough at 107.49 to 109.69 signals recent decline has ended, upside bias remains for price to head towards next daily chart obj. at 109.95 once current consolidation is over.
Bids are noted at 109.15/05 with stops below 108.90 and offers are tipped at 109.45/55 with stops above 109.70.

U.S. will release a slew of eco. data later today, please refer to our EI page for details and pay attention to weekly jobless claims n continued jobless claims at 12:30GMT as a gauge of latest employment situation.

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

Intra-Day Market Moving News and Views
Update Time: 07 May 2021 05:30GMT

USD/JPY - 109.12.. Despite initial brief break of o/n New York low at 109.01 to 108.94 on stop hunting, renewed buying above this week's low at 108.90 quickly lifted the pair to 109.18, suggesting the choppy swings inside Monday's 109.69-108.90 broad range would continue, a least, until release of monthly blockbuster U.S. NFP data.

As market is anticipating a robust U.S. jobs report, trading from long side into the figure is still recommended.
Bids are noted at 108.95/90 with stop touted below 108.85 while offers are tipped at 109.35/45 with stop above 109.70 n a mixture of stops n option defence are reported at 110.00/05.

U.S. will release a slew of eco. data later today (please refer to our EI page for details) but all eyes are on NFP and unemployment rate.

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

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

USD/JPY - 108.86.. Despite Friday's selloff from 109.28 to as low as 108.35 after U.S. payrolls missed market forecast by the most on record, price recovered on intra-day rebound in U.S. yields n the pair climbed steadily in Asian morning as benchmark 10-year U.S. yields rose above Friday's 1.584% high to 1.6000% in Asian trading.

Expect further sideways swings to continue n as long as 108.90 (last Mon's low, now res) holds, downside bias remains for decline from April's 109.69 high to head to 108.05/10 but reckon 107.90/95 would contain weakness. Order book is fairly thin with offers are tipped at 108.85/90 with stops above109.00.
Bids are tipped at 108.45/35 with stops reported below there.

After Friday's release of blockbuster jobs data, no eco. indicators are due out today.
We have Chicago Fed President Evans (FOMC voter) scheduled to speak at 12:30 and then 18:00GMT.

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

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

USD/JPY - 108.91.. Dlr trades narrowly with a firm bias after yesterday's initial gain from 108.47 (AUS) to 109.05 in Europe. Despite retreat to 108.66, price inched higher in tandem with U.S. yields.

Expect range trading to continue in Europe n as long as said Mon's 109.05 high holds, consolidation with downside bias remains for weakness towards Friday's 9-wday trough of 108.35 but loss of momentum should limit downside to 108.08/10.
Offers are tipped at 108.95/00 with stops reported above 109.10 while bids are tipped at 108.65/55 with stops below 108.45, more stops are touted below 108.30.

On the data front, U.S. will release some second-tier eco. indicators, however, we have 5 Fed officials schedule to speak later today, please refer to our EI page for details.
Canada leading index, U.S. redbook, JOLTS job openings.

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

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

EUR/USD - 1.2131.. The single currency remains on the back foot in Asian morning after intra-day break of NY low at 1.2146 to 1.2132 due to broad-based usd's strength.

Although euro's retreat from Tuesday's fresh 10-week peak of 1.2181 signals recent upmove has made a temporary top and consolidation with near term downside bias is seen, as long as 1.2124 (Tuesday's low in New York) holds, prospect of another rise remains, loss of momentum would limit upside to 1.2210/15.
Bids are noted at 1.2130/25 with stops below 1.2120 n more stops are touted below 1.2100. Offers are tipped at 1.2160/70 and more above with stops above 1.2185.

On the eco. front, the euro area countries will release of inflation plus other data, please refer to our Economic Indicators page for details. ECB member Enria will speak at an economic forum at 08:55GMT.

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AceTraderFx May 13: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 13 May 2021 05:30GMT

EUR/USD - 1.2080.. The single currency is nuring loss after y'day's selloff in NY. Euro swung wildly in hectic NY trading as despite intra-day fall fm 1.2144 in Europe to 1.2071 in NY morning after upbeat US CPI data, price briefly jumped back to 1.2152 b4 tanking to 1.2066 near NY midday as decline in U.S. stocks (bencmark S&P 500 closed down 2.15% at 4,062) prompted broad-based safe-haven usd's buying.

As euro's fall from Tue's fresh 10-week peak of 1.2181 to 1.2066 suggests recent upmove fm 1.1705 (Wed) has made a temp. top, downside bias remains for weakness twd 1.1999 (38.2% r) after consolidation, therefore, selling euro on recovery is the way to go. Offers are tipped at 1.2085/95 with stops abv 1.2115 while bids (profit taking) are touted at 1.2060/55 with stops below 1.2045.

No econmic data is due out from the euro area countries as many European markets are closed for Ascesion Day market holiday, therefore, euro may probably move narrowly until NY morning.

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

Intra-Day Market Moving News and Views
Update Time: 14 May 2021 05:30GMT

EUR/USD - 1.2083.. Euro is in holding pattern after extending decline from Tuesday's fresh 10-week high of 1.2181 to a 6-day low of 1.2052 (Europe), however, intra-day retreat on U.S. yields (benchmark 10-year hit fresh 1-month high of 1.707%, circa 1.657%) on broad-based rebound in U.S. stocks triggered short covering n the pair rebounded to 1.2099 in New York morning b4 moving sideways.

Although recovery from 1.2052 suggests temporary low is in place and further sideways swings are likely to continue in European morning, outlook remains bearish for weakness to 1.2015/20, loss of downward momentum should keep price above 1.1987 (May low).
Offers are tipped at 1.2095/05 with stops reported above 1.215 while some bids are noted at 1.2065/55 with stops below 1.2050.

After Thursday's closure of many European centre for market holiday, trading in Europe will be back to normality, however, no eco. data is due out from the euro area countries. Having said that, pay attention to release of minutes last ECB's meeting at 11:30GMT as dovish minutes will spark another round of euro selling.

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

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

EUR/USD - 1.2132.. Euro pares initial marginal gain above Friday's 1.2147 (New York) high to 1.2151 just ahead of Asian open on profit taking and slipped back to 1.2130.
As early strong rebound from 1.2052 (Thursday) signals correction from Tuesday's fresh 10-week high at 1.2181 has possibly ended, consolidation is seen and above 1.2151/52 would bode well for the single currency to head back towards 1.2181, break would extend recent upmove to 1.2200/10.

Therefore, buying euro on pullback for re-test of 1.2181 is favoured.
Order board is pretty thin in Asia on Mon with offers tipped at 1.2150/55 n more above with stops above 1.2185 while bids are noted at 1.2130/20 with stops below 1.2100.

The only eco. data due out is Italy's CPI n Bubs monthly report.

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

Intra-Day Market Moving News and Views
Update Time: 18 May 2021 05:30GM

EUR/USD - 1.2163.. Euro caught a small bid in Asian morning due to renewed usd's weakness n briefly penetrated Monday's 1.2168 high (Europe) to 1.2169, however, lack of follow-through buying triggered profit taking.

Outlook remains supportive for re-test of last Tuesday's fresh 10-week peak of 1.2181 after consolidation, however, loss of momentum is likely to limit upside to 1.2200/10 and reckon daily pivotal res at 1.2242 (Feb) should hold.
Bids are noted at 1.2150/45 n more below with stops below 1.2125 while offers are tipped at 1.2175/80 with stops above 1.2185. more stops are touted above 1.2200.

We have data dump in the euro area countries (pls refer to our EI page for details) n pay particular attention to EU Q1 GDP, a stronger-than-expected market forecast would give euro bulls reason to buy the single currency.
We have EU financial ministers' meetng n ECB President Lagarde will speak at an educational forum at 14:00GMT.
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