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

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

Intra-Day Market Moving News and Views
Update Time: 20 May 2021 05:30GM

USD/JPY - 109.15.. Dlr pares overnight gain in NY session due to broad-based rebound in usd on the back of rally in U.S. yields (benchmark 10-year rose from 1.6199% to 1.6916%, circa 1.6608%) following release of hawkish Fed minutes which revealed several Fed officials were mulling changes to monetary policy (tapering) based on a continued strong economic recovery at last FOMC meeting.

Although intra-day pullback from 109.30 ahead of Tokyo open would bring range trading, as rally from 108.58 to 109.29 in New York session suggests recent correction from May's 1-month peak at 109.78 has ended, upside bias remains, above Wednesday's 109.33 would encourage for gain to 109.50, then re-test of said res.
Bids are noted at 109.10-00 with some stops reported below 108.80 while offers are tipped at 109.30/35 with stop above there.

On the data front, U.S. will release weekly jobless claims, continued jobless claims, Philly Fed mfg index and leading index change. Dallas Fed President Kapan (non-voter) will participate in a forum at 14:30GMT.
A lower-than-expected jobless claims would spur renewed buying in the greenback.

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AceTraderFx May 21: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 21 May 2021 05:30GM

USD/JPY - 108.87... Although dollar staged a strong rebound from Wednesday's 108.58 low to 109.30 in Australia yesterday on hawkish Fed minutes, renewed selling emerged and price later fell to 108.76 in New York due to drop in U.S. Treasury yields before recovering to 108.89 at Asian open today.

Yesterday's fall from 109.30 to 108.76 suggests recovery from 108.58 has ended and decline from May's 1-month peak at 109.78 would extend marginally, however, near term loss of momentum should keep price above 108.35/36 and yield another bounce later.
Offers are tipped at 109.00/10 with stops above 109.30 while bids are noted at 108.40-35 with stops below there.

On the calendar front, U.S. will release Markit manufacturing and services PMI at 13:45 GMT, followed by existing home sales at 14:00 GMT. We also have a few Fed officials scheduled to speak in New York session, please refer to our EI page for more details.

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

Intra-Day Market Moving News and Views

Update Time: 24 May 2021 05:30GMT

USD/JPY - 108.93.. The pair maintains a steady to firm undertone in subdued Asian morning Monday after staging a rebound from 108.62 (Europe) to 109.00 in New York session on Fri due to broad-based usd's gain after upbeat U.S. PMI data.

As dlr's said rebound suggests further choppy trading above last week's low at 108.58 (Wednesday) would continue with upside bias, above 109.00 would yield gain to 109.30 (reaction high), break would encourage for further headway to 109.50/60.
Order board is fairly thin with bids noted at 108.85-75 n more below there with stops below 108.55 while offers are tipped at 109.00/05 with stops above there.

BOJ Gov. Kuroda will speak at a conference in Tokyo at 11:05GMT later.
No U.S. eco. data is due out today, however, we have a number of Fed officials scheduled to speak in New York session, pls refer to our EI page for details.

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AceTraderFx May 25: Intra-Day News and Views & data to be released today –EUR/USD
Intra-Day Market Moving News and Views

Update Time: 25 May 2021 05:30GMT

EUR/USD - 1.2225.. Euro maintains a firm undertone in Asian trading after yesterday's rise from 1.2173 (New Zealand) to 1.2229 in New York morning as intra-day drop in U.S. yields triggered risk-on trade n led to broad-based usd's selling, however, the single currency later moved narrowly in subdued New York afternoon.

As euro's choppy swings from last Wed's 4-1/2 month peak at 1.2245 is developing into a bullish triangle pattern, suggesting recent upmove would resume after consolidation, above said res would extend gain to 1.2270/80 but loss of upward momentum would cap price at 1.2300.
Order board is pretty thin with bids noted at 1.2205/1.2195 and more below with fairly large stops touted below 1.2160. On the upside, a mixture of offers and stops are tipped at 1.2245/50.
Pay attention to release of key German Ifo business climate index, May forecast is 98.2 vs prev. readings of 96.8, so if actual figure comes in as per street or better, then this would just be the ticket for euro bulls to push price above 1.2245.

On the data front, we have German Q1 GDP at 06:00GMT, then followed by Ifo data at 08:00GMT.
We also have ECB's board member Galhau n then ECB Chief Economist lane speaking at 13:00GMT n 14:00GMT respectively.

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

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

EUR/USD - 1.2244.. Euro is in holding pattern after hitting a fresh 4-1/2 month peak of 1.2266 shortly after New York open n despite intra-day pullback to 1.2227 on profit taking, price rebounded due to falling U.S. yields.

Current price action suggests as long as said New York low holds, recent upmove would head to projected target at 1.2280/90, however, loss of upward momentum should cap price below minor daily res at 1.2309 n yield a long-overdue correction.
Bids are noted at 1.2240-30 with stops touted below 1.2220 while offers are tipped at 1.2260/65 with stops above 1.2270.

On the eco. data front, the only indicators due out are France's consumer confidence and business climate, however, pay attention to speeches by a number of ECB officials in European session, please refer to our EI page for details.

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AceTraderFx May 27: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views
Update Time: 27 May 2021 05:30GMT

EUR/USD - 1.2179.. The single currency gains no respite in early Asian trading after getting bashed on a double whammy in Wednesday's session. Price met renewed selling in Asia yesterday at 1.2262 n fell in Europe after dovish comments by ECB's Pannetta. Despite a short-covering bounce from 1.2218 to 1.2240 in New York morning, intra-day bounce in US yields knocked price to session lows of 1.2183.

Present break of said Wed's low of renewed usd's strength strongly suggests recent upmove has made a top at Tuesday's 4-1/2 month peak at 1.2266, a daily close below 1.2161 sup would bode ill for the euro n yield further weakness to 1.2104/07 later.

Offers are tipped at 1.2195/00 with some stops above 1.2220 whole bids are noted at 1.2170/60 with stops reported below there.

On the data front, we have German Gfk consumer confidence n then Italy's bus. n consumer confidence.
We also have a number of ECB official scheduled to speak in European session, please refer to our EI page for details.

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AceTraderFx May 28: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 28 May 2021 05:30GMT

USD/JPY - 109.87.. Dlr maintains a firm undertone in Asian morning after Thursday's impressive rise from 109.04 at European open, intra-day upmove accelerated in New York morning due to rally in U.S. yields (benchmark 10-year jumped from 1.571% to 1.625%), price penetrated previous May's 109.78 top to a 6-week high of 109.95, then marginally higher to 109.95 today.

A yesterday's break of 109.78 suggests correction from 2021 peak at 110.96 has ended, bullishness remains for further headway to 110.45/50 later today, so buying dlr on pullback is the way to go. Bids are noted a 109.80-70 and more below with stops below 109.50.
Offers are tipped at 109.95/00 with stops reported above there.

U.S. will release a slew of eco. data in New York morning, pay attention to PCE (Fed's favouite inflation n gauge) n core PCE at 12:30GMT, then later Chicago PMI n University of Michigan consumer confidence.
If actual readings come in better than street forecast, the pair will continue this week's rising trend.

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

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

USD/JPY - 109.70.. Dollar remains on the back foot in Asian trading following retreat from Friday's fresh 6-week high of 110.20 to 109.75 due to retreat in U.S. yields despite release of higher-than-expected U.S. inflation data.

As intra-day break of 109.75 to 109.66 on cross-buying in yen suggests recent upmove has made a temp. top and retrace. towards 109.58 (38.2% r from 108.57-110.20) can't be ruled out before prospect of rebound.
Offers are tipped at 109.90/95 with stop reported above 110.20 while bids are touted at 109.65/60 with stops below 109.50.

U.S. financial markets are closed for Memorial Day holiday, so no U.S. economic data is due out today

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

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

USD/JPY - 109.40.. Dlr remains on the back foot due to renewed usd's weakness on the first trading day in Jun after Monday's resumption of decline from last Friday's fresh 6-week peak of 110.20 to 109.36 in holiday-thin N. American session.

Despite intra-day weakness, below 109.33 (previous res, now sup) needed to bring stronger retracement to 109.04, however, oversold condition would prevent steep fall.
Offers are tipped at 109.60/70 and more above with stops above 109.95/00 while some bids are noted at 109.35-30 with stops touted below there.

U.S. market will return after Monday's Memorial Day holiday, we have a slew of U.S. data together with a couple Fed officials scheduled to speak in New York session later today, please refer to our EI page for details.

 

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AceTraderFx Jun 02: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views
Update Time: 02 Jun 2021 05:30GMT

EUR/USD - 1.2224.. Euro pares Tuesday's decline from 1.2254 to 1.2212 in volatile New York session and inches higher to 1.2226 in Asia, suggesting range trading is in store until European open.

As said fall from 1.2254 suggests further volatile swings below last Tuesday's fresh 4-1/2 month peak at 1.2266 would continue with downside bias, below 1.2204 would pressure price to 1.2184, then 1.2161/62 but reckon last week's low at 1.2133 (Friday) should remain intact.
Offers are tipped at 1.2230/40 with stops above 1.2270 while bids are noted at 1.2215/10 with stops touted below 1.2200.

On the data front, Germany will kick off with retail sales, then France's budget balance n later EU's producer prices. We have ECB's Elderson, ECB's Weidmann speaking later today and ECB President Lagarde will make a speech when she accepts a prize award, please refer to our EI page for details.

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