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

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

Intra-Day Market Moving News and Views
Update Time: 18 Aug2021 05:30GMT

EUR/USD - 1.1719.. The single currency inches higher in Asian morning after initial marginal weakness below previous 2021 bottom at 1.1705 (March) to a 10-month trough of 1.1703 on stop selling but lack of follow-through selling quickly lifted the pair.

Although intra-day recovery would bring consolidation in European morning, as the path of least resistance for the euro is down, market will test 1.1700 handle where a mixture of bids n stops are touted below there.
Offers are tipped at 1.1725/35 and more above with stops above 1.1755.

Ahead of market-moving U.S. CPI at 12:30GMT, the euro zone will release EU's core HICP and HICP at 09:00GMT.

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

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

EUR/USD - 1.1688.. Euro bears returned with a vengeance at Asian open after euro's overnight rebound from New York's 10-month low of 1.1695 to 1.1742 on nasty short covering after release of less hawkish Fed minutes, price easily penetrated 1.1695 n hit fresh 2021 low of 1.1685.

As intra-day break of 1.1695 signals Medium Term downtrend has once again resumed, price is en route to projected target at 1.1653, then next chart objective at 1.1603 (see our tech page for details) early next week, therefore, trading euro from short side is the way to go.
Offers are tipped at 1.1705/15 with stops above 1.1745, some bids are noted at 1.1675/65 with some stops below 1.1650.

Eco. calendar from the euro area countries is very thin with EU's current account being the only data due out.

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

Intra-Day Market Moving News and Views
Update Time: 20 Aug2021 05:30GMT

USD/JPY - 109.74.. Trading the pair on Thursday proved to be tricky as price swung wildly in European n New York sessions. Despite extending near term rise from this week's 109.12 low (Monday) to 110.22 in Asia, price tumbled to 109.49 in European morning on active safe-haven yen buying due to weakness in global stocks n sharp drop in U.S. yields. However, recovery in U.S. equities n yields in New York session triggered unwinding of intra-day long yen positions and lifted price to 109.83, then 109.88 today.

Although yesterday's fall from 110.22 signals further choppy trading below July's 1-month peak at 110.79 would continue, present broad-based usd's strength would bring sideways wings and as long as 109.49 holds, erratic rise from 109.12 may head to 110.32/35 but 110.54 should cap upside.
Bids are noted at 109.60-50 with stops below 109.45 while offers are tipped at 109.90/00 with stops above 110.25.

T.G.I.F., no U.S. eco. data is due out today so traders will take cue from intra-day moves in U.S. yields and later U.S. stocks.
Dallas Fed President Kaplan (non-voter) will participate in Q&A session on an event called "Economic Developments and Implications for Monetary Policy" at 15:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 23 Aug2021 05:30GMT

USD/JPY - 109.83.. Although the pair met renewed buying at 109.73 in New Zealand n briefly penetrated Friday's 109.88 high to 109.93 due to a bout of cross-selling in yen, intra-day broad-based retreat in the greenback capped dlr's gain.

Dlr's choppy swings on Friday after retreat from 110.22 to 109.49 Thursday suggests further range trading is in store, as long as 109.49 holds, upside bias remains, above 110.22 would indicate correction from August's 1-month peak at 110.79 has ended.
Order board is fairly thin with bids noted at 109.60-50 with stops below 109.45 while offers are tipped at 109.95/05 with stops above there.

U.S. will release Markit mfg and services PMIs n exiting home sales.
A stronger-than-expected PMI reading would spur more usd buying n gain in U.S. yields.

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

Intra-Day Market Moving News and Views
Update Time: 24 Aug2021 05:30GMT

EUR/USD - 1.1742.. Euro pares Mon's impressive gain from 1.1693 (AUS) to as high as 1.1750 due to broad-based usd's weakness and sharp drop in U.S. yields n briefly retreated to 1.1735 in Asian morning.

As said Monday's rally signals MT downtrend has made a temp. low at Friday's 9-1/2 month bottom at 1.1664, consolidation with upside bias remains for further gain to 1.1784, o/bot condition should cap price below 1.1804.
Bids are noted at 1.1735-25 with stops below 1.1700 while offers are tipped at 1.1745/50 with stops above there.

On the data front, Germany will release Q2 GDP at 06:00GMT. ECB board member Schnabel will take part in a panel discussion at an economic event at 12:30 GMT.

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


Intra-Day Market Moving News and Views
Update Time: 25 Aug2021 05:30GMT

EUR/USD - 1.1738.. The single currency pares yesterday's gain in Asian morning after yesterday's resumption of upmove from Friday's 9-1/2 month bottom at 1.1664 to 1.1765 in NY morning before briefly retreating to 1.1744 as rally in U.S. yields triggered profit taking.

As euro's said rise from 1.1664 suggests long-awaited correction of recent downtrend has taken place, as long as Tuesday's 1.1728 low holds, upside bias remains for further headway to 1.1780/84 but reckon res at 1.1804 should cap current upmove.
Bids are noted at 1.1745/35 with stops touted below 1.1725 while some offers are tipped at 1.1765/70 with some stops reported above there.

On the data front, we have Germany's key Ifo data for Aug, pay attention to Ifo business climate n current conditions, a higher-than-expected reading will push euro higher.

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

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

USD/JPY - 110.00.. Dlr orbits 110.00 handle in subdued Asian morning after yesterday's rise from 109.63 (AUS) to 110.12 in New York session due to broad-based yen selling on return of risk sentiment as well as rally in U.S. yields (benchmark 10-year climbed from 1.2830% to a near 2-week high of 1.3520%).

As dlr's rise from 109.42 (Tue) to 110.12 suggests pullback from last week's 110.22 high has ended, break of this res would extend upmove from 109.12 to 110.54, possibly re-test of Aug's 1-month high at 110.79 if Fed's J. Powell is sounding hawkish at Fri's Jackson Hole symposium. Bids have been raised to 109.95/85 with stops below 109.80 while offers are tipped at 110.15/25 with stops reported above there.

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 and continued jobless claims, also Q2 GDP, PCE and core PCE.
If U.S. data come in stronger than street forecast, U.S. yields and the greenback will move higher.

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

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

USD/JPY - 109.98.. Although dlr caught a bid at European open on Thursday ans climbed to 110.22 due to cross-selling in yen and intra-day gain in US yields, failure to penetrate 110.22 (last week's high Thursday) pushed price back to 109.95 morning.

Intra-day sideways swings suggests range trading below 110.22 may continue in Europe as traders are keeping their powder dry ahead of Fed Pwoell's keynote speech at Jakcson Hole at 14:00GMT (his prepared text may be released in early New York morning though). Market is expecting Fed's tapering in his speech which is a prelude to rate rise in 2022, such a scenario would push usd higher vs G& currencies. On the flip side, if he sounds dovish, then usd bears may come back with a vengeance.
Offers are tipped at 110.15/25 with stops above there n bids are noted at 109.95/90 with stops below 109.85.

U.S. will release a slew of eco. data in New York morning, please refer to our EI page for details n pay attention to July's PCE (Fed's favourite inflation gauge), a higher-than-expected number would spark usd buying n higher US yields due to inflationary expectation.

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

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

USD/JPY - 109.77.. Although dlr remained on the back foot in Asia on Monday following decline from Friday's near 2-week high of 110.26 to 109.79 in hectic New York session due to broad-based usd's weakness following Fed Powell's dovish Jackson Hole speech, price met renewed selling at 109.88 in New Zealand and fell marginally below 109.79 to 109.71 in Asian morning before edging higher on minor short covering.

As Friday's selloff from 110.26 signals further volatile trading below August's 110.79 peak would continue with downside bias, further weakness towards last week's low at 109.42 is envisaged after consolidation, break would pressure price towards 109.12.
Order board is pretty thin with some offers tipped at 110.00/10 with stops above 110.30 while some bids are noted above 109.70-60 with stops below there.

On the data front, U.S. will later release pending home sales n Dallas fed mfg index.

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

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

EUR/USD - 1.1807.. Euro inches higher at Asian open at 1.1796 n edged higher to 1.1807 ahead of Tokyo lunch session, suggesting pullback from Monday's 2-week peak of 1.1810 has ended at 1.1784 (New York).

Trading the single currency from long side is favoured for resumption of upmove from August's 9-1/2 month trough at 1.1664 to 1.1825/30, however, loss of momentum would cap price below 1.1857 n yield retreat later today.
Bids are noted at 1.1795-85 with stops below 1.1775 n offers are tipped at 1.1810/20 with stops touted above there.

We have data dump from the euro area countries in European morning, (please refer to our EI page for details).

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