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

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

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


EUR/USD - 1.1802.. Euro moves narrowly in subdued Asian morning after Tue's retreat in New York morning from a 3-week high of 1.1847 (Reuters) to 1.1797 on rally in U.S. yields as well as month-end usd's demand.

As said decline from 1.1847 signals recent upmove from August's 9-1/2 month trough of 1.1664 has made a temporary top, however, intra-day broad-based euro's buying vs yen, gbp n chf suggests range trading may continue before prospect of another fall for subsequent weakness towards 1.1734 (61.8% r of 1.1664-1.1847).
Offers are tipped at 1.1810/20 n more above with stops touted above 1.1850.
Bids are noted at 1.1795/90 with stops below 1.1780.

Today is PMI day in the euro area countries (please refer to our EI page for details), pay attention to German n EU Markit mfg PMIs.
We have ECB Board members Fernadez-Bollo n Widmann speaking at 11:55GMT n 12:00GMT respectively.

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

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

EUR/USD - 1.1839.. Euro pares Wed's gain to a near 1-month peak of 1.1856 in New York morning due to renewed usd's weakness and inched lower to 1.1838 in subdued Asian morning.

As yesterday's break of Tuesday's 1.1847 high signals recent upmove from August's 9-1/2 month bottom at 1.1664 remains in force, upside bias remains for further gain to 1.1880/8, however, loss of upward momentum should cap price below 1.1909 (July peak) and risk has increased for a retracement of said rise ahead of Friday's key U.S. jobs report. So whilst trading from long side is cautiously favoured, profit should be taken on next upmove.
Bids are noted at 1.1840-30 with stops touted below 1.1810 n offers are tipped at 1.1855/65 with stops above 1.1885 n more above 1.1910.

Eco. calender in the euro area countries is pretty thin with EU's producer prices being the only data due out.

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AceTraderFx Sept 03: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 03 Sept 2021 05:30GMT

USD/JPY - 109.92..Although the pair remained on the back foot on Fri n met selling at 109.97 due to continued usd's weakness vs other G6 currencies, price briefly penetrated Wed's 109.89 low to 109.85 after tripping stops below 109.90, lack of follow-through through selling due to cross weakness in yen quickly lifted price.

Expect range trading until European open before decline from this week's 110.41 high (Wednesday) heads to 109.60, then 109.42 but reckon daily sup at 109.12 should remain intact. Offers are tipped at 110.05/10 with some stops above 110.15 while bids are noted at 109.85-80 with stops below 109.60.

U.S. release the most important eco. data later today, namely non-farm payrolls, market is expecting 750k increase vs prev. readings of 943k, however, if actual figure is much lower than forecast (due to Wednesday's huge downside beat in ADP payrolls), then the greenback would come under active selling pressure.
Please refer to our EI page for details of other U.S. data

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

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

USD/JPY - 109.81.. Dlr pares Fri's decline n edges higher in Asian morning on Monday to 109.83 shortly after Tokyo open.

Despite Friday's fall from 110.07 (Asia) to 109.60 in New York morning on broad-based usd's selloff vs other G6 currencies following a monster miss in U.S. payrolls and a spike down in U.S. yields, intra-day jump in U.S. yields (benchmark 10-year rallied from 1.267% to 1.336%) triggered short covering in the pair to 109.74 at the close. Expect range trading and as long as 110.07 res holds, decline from last week's high at 110.41 would head back to 109.42, then later 109.12.
Order board is pretty thin on Mon with some offers tipped at 109.85/90 with stops above 110.10 while bids are noted at 1109.70-60 with stops touted below there.

No U.S. eco. data is due out as markets in U.S. as well as Canada are closed for Labor Day holiday.

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

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

EUR/USD - 1.1882.. Despite Monday's stronger-than-expected retreat from 1.1886 (AUS) to 1.1856 in European morning on profit taking after hitting a 1-month peak of 1.1908 in post-NFP New York session on Friday and then narrow move in holiday-thin N. American session, the single currency caught a bid at Asian open today and climbed to 1.1884 due to renewed usd's broad-based weakness.

Expect consolidation with upside bias ahead of European open, a firm break of said Monday's high would signal pullback from 1.1908 has ended, then re-test of this level would be seen, however, as recent upmove is losing momentum, reckon upside would falter below daily res at 1.1976 and risk has increased for a correction ahead of Thursday's key ECN monetary policy meeting.
Bids are noted at 1.1865/60 with stops below 1.1850 whilst some offers are tipped at 1.1885/95 and more above with stops above 1.1910.

The euro area countries will release a slew of eco. data, please refer to our EI page for details. Pay attention to German n EU's ZEW eco. sentiment as well as EU GDP at 09:00GMT.

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

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

EUR/USD - 1.1847.. Euro remains on the back foot after yesterday's fall from 1.1884 (Asia) to 1.1838 in New York morning on intra-day usd's strength due to rally in U.S. yields, suggesting range trading may continue until European open.

As the decline from Friday's 1-month peak at 1.1908 suggests recent upmove from August's 9-1/2 month bottom at 1.1664 has made a top there, consolidation with downside bias is seen ahead of Thursday's key ECB monetary policy meeting (market is expecting a dovish hold), therefore, selling euro on recovery in expectation of retrace. of said upmove is favoured.
Offers are tipped at 1.1855/65 with stops touted above 1.1885 while bids are noted at 1.1840-30 with stops below there.

The euro area countries will release a slew of eco. data, please refer to our EI page for details.
We also have ECB's Jochnick, McCaul n Fernandez-Bollo speaking at 08:20GMT, 11:00GMT n 13:45GMT respectively.

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

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

USD/JPY - 110.16.. Dlr remains under pressure in Asian morning on renewed yen buying following Wed's intra-day gain to a 3-1/2 week high of 110.44 at European open but decline in global stocks n U.S. yields triggered safe-haven yen buying n quickly knocked price to 110.15.

Despite sideways swings in NY session, price fell marginally lower to 110.11 in Asian morning, suggesting further consolidation is in store before prospect of resumption of recent upmove to Aug's peak at 110.79.
Bids are noted at 110.10/05 with some stops touted below 110.00 while offers are tipped at 110.40/45 with stops above there.

U.S. will later release weekly jobless claims n continued jobless claims. Last but not least, we have an army of Fed officials (8 in total!) scheduled to speak ahead of next week's blackout ahead of Sept 21-22 FOMC meeting, pls refer to our EI page for details.

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

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

EUR/USD - 1.1833.. Euro moved broadly sideways in lethargic Thur's session as the key ECB monetary policy meeting turned out to be a non-event. Price clocked up a 35 point range in post-ECB New York morning, price briefly rose to 1.1841 on unchanged rate decision by ECB but said it will slow bond buying pace n later ratcheted lower to session lows of 1.1806 when Lagarde emphasized this move is called calibration n not tapering.

Euro's subsequent bounce back to 1.1839 in New York afternoon suggests further choppy swings above Wednesday's 1.1803 low would continue in European morning, however, as long as 1.1851/56 res holds, decline from last Friday's 1-month peak at 1.1908 would head to 1.1784/94 but loss of momentum should keep euro well above 1.1757.
Offers are tipped at 1.1835/40 with stops above 1.1860 while bids are noted at 1.1810/05 with stops below 1.1800.

On the data front, the only eco. number due out is France's industrial out. The Eurogroup will meet today n ECB President Lagarde will speak at Eurogroup press conference at 09:30GMT, we have have a number of ECB also scheduled to speak in European morning, please refer to our EI page for details.

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

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

USD/JPY - 109.95.. The pair moves narrowly in Tokyo morning on Mon despite usd's renewed strength vs other major counterparts as pullback in US yields after Friday's rally n weakness in Asian stocks following decline in global equities Fri has dampened risk sentiment.

Dlr's decline from last Wed's 3-1/2 week high of 110.44 to 109.63 (Thursday) signals recent erratic upmove has made a top n Friday's cross-inspired bounce to 109.99 suggests 1st leg of correction over, therefore, sideways swings are in store before prospect of another fall later today or tomorrow.
Offers are tipped at 109.95/05 with stops above 110.20 while some bids are noted at 109.80-70 with stops reported below 109.60.

No U.S. eco. data is due out today except Fed budget, so traders will take cue from movement in US yields and US stocks, however, market's main focus is Tuesday's US CPI data as higher readings will reinforce market expectation of Fed's tapering at next week FOMC meeting.

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

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

EUR/USD - 1.1816.. In stark contrast to Mon's weak posture, the single currency remained on the front foot in Asian morning after staging a rebound from a 2-week trough of 1.1771 ahead of New York open to 1.1817 in New York morning as falling U.S. yields triggered broad-based long liquidation in usd.

Intra-day firmness suggests recent decline from September's 1-month peak at 1.1908 has made a temp. low on Monday n consolidation with upside bias is seen for gain to 1.1839 (50% r from 1.1908), however, near term o/bot condition would cap price below Friday's high at 1.1850. Whilst trading from long side for further intra-day gain is favoured, day trader should sell euro on upmove in anticipation of resumption of recent decline later this week.

No eco. data is due out from the euro area countries ahead of U.S. CPI, however, a number of ECB officials scheduled to speak, pls refer to our EI page for details.

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