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

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AceTraderFx Sept 15: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views
Update Time: 15 Sept 2021 05:30GMT

EUR/USD - 1.1805.. The single currency moves narrowly in subdued Asian morning after yesterday's wild swings in hectic New York session. Price initial ratcheted higher to 1.1830 in early European trading before retreating to 1.1801 but then jumped to session highs of 1.1845 after soft US CPI n selloff in US yields, however, price fell as the greenback regained traction due to risk-off sentiment n euro later hit 1.1800.

As yesterday's fall from 1.1845 to 1.1800 suggests recovery from Monday's 2-week low at 1.1771, a firm break of 1.1800 would bring re-test of said sup, below would extend recent fall from September's 1-month peak at 1.1908 towards 1.1757.
Offers are tipped at 1.1820/30 with stops above 1.1855 while bids are noted at 1.1800 and more below with stops below 1.1770.

The euro area countries will release a slew of eco. data, please refer to our EI page for details.
Pay attention to EU's industrial production, weak number will weigh on the euro.
We also have ECB members de Cos, Schnabel n Lane speaking at 07:00GMT, 12:30GMT n 15:00GMT respectively.

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AceTraderFx Sept 16: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views
Update Time: 16 Sept 2021 05:30GMT

EUR/USD - 1.1818.. The single currency continues to move narrowly in subdued Asian morning after trading sideways in lack lustre Wednesday's session.

As retreat from 1.1845 to 1.1800 on Tue suggests early corrective bounce from Monday's 2-week trough at 1.1771 has possibly ended, a daily close below 1.1800 would add credence to this view and head to 1.1757, loss of downward momentum would keep price above 1.1735.
Only above 1.1845/51 res area dampens bearish outlook n shifts risk to upside for gain to 1.1884/86, break would yield re-test of September's 1.1908 peak later.
Offers are tipped at 1.1830/40 with stops above 1.1850 while bids are noted at 1.1805-00 with stops below there, more stops are touted below 1.1770.

Ahead of U.S. retail sales, we have Italy's n EU's trade data. ECB board member de Cos will speak at 07:00GMT, then ECB President Lagarde will speak at two separate venues in Frankfurt at 12:00GMT n later 16:30GMT.

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

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

USD/JPY - 109.88.. Dlr remains on the front foot in Tokyo trading following Thursday's impressive rally from 109.37 at New York open to 109.82 on jump in U.S. retail sales, price met renewed buying at 109.68 at Tokyo open n climbed to 109.91.

Thursday's rally suggests recent erratic fall from September's 110.44 peak has ended earlier at Wednesday's 4-week trough of 109.12 n consolidation with upside bias remains for further headway to 110.15, however, reckon 110.44 may hold on 1st testing today.
Bids have been raised to 109.70-60 with stops below 109.45 while offers are tipped at 110.00/10 with stops above 110.15.

T.G.I.F. after a volatile week, traders will take cue from movement in U.S. yields n later today, we have University of Michigan consumer confidence, a stronger-than-expected sentiment will push US yields n usd higher.

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

Intra-Day Market Moving News and Views
Update Time: 20 Sept 2021 05:30GMT

USD/JPY - 109.88.. Despite ticking higher to 110.03 shortly after Asian open (Tokyo market is closed for Respect for the Aged Day holiday), the pair inched lower due to intra-day safe-haven yen buying on weakness in Asian stocks (Dow futures currently down nearly 1% at 34266), suggesting range trading below Fri's 110.07 high would continue ahead of European open.

As the rally from last Wednesday's 4-week trough at 109.12 signals dlr's pullback from September's 110.44 peak has ended, up side bias remains for gain to 110.15, then re-test of said res later today due to broad-based usd's strength.
Order board is fairly thin with bids noted at 109.85-80 with stops below there while offers are tipped at 110.05/10 with stops above 110.20.

U.S. eco. calendar is very thin with 2nd-tier NAHB housing market index being the only data due out later today. Market is eagerly awaiting outcome of Wed's FOMC announcement and economic projections (dot plot.

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

Intra-Day Market Moving News and Views
Update Time: 21 Sept 2021 05:30GMT

EUR/USD -1.1731.. Although euro caught a light bis in Asian morning at 1.1724 n briefly climbed above New York high of 1.1736 due to intra-day buying in eur/jpy cross to 1.1739, price quickly eased on lack of follow-through buying, suggesting range trading is in store ahead of European open.

As Monday's weakness to a near 4-week trough of 1.1701 (Europe) suggests recent correction from August's 9-1/2 month bottom at 1.1664 has ended, consolidation with downside bias remains for decline to 1.1688/93 but reckon 1.1664 may hold on 1st testing.
Offers are tipped at 1.1735/40 with stops touted above 1.1755 while bids are noted at 1.1725/20 with stops below 1.1700.

No eco. data is due out from the eruo area countries. Wed have ECB Board member de Guindos delivering a speech at a Financial Times conference about Europe's financial sector at 07:05GMT, then later at 16:15GMT, ECB's Enria will speak on back supervision.

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

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

EUR/USD - 1.1698.. Euro is licking wounds after intra-day wild swings in hectic post-FOMC trading ended with price tumbling from 1.1755 to a 4-week trough of 1.1685, then 1.1684 shortly after Asian open Thursday.

Euro's resumption of recent decline from September's 1.1908 peak to 1.1685 after hawkish comments by Fed's J. Powell suggests re-test of August's 9-1/2 month bottom at 1.1664 is on the cards, break there would pave the way from further weakness towards next daily objective at 1.1603 tomorrow or early next week. Therefore, selling euro on recovery is the way to go.

The euro area area will release a slew of eco. data n today is PMI day, please refer to our EI page for details n pay attention to German n EU's markit mfg n services PMIs at 07:03GMT n 08:00GMT respectively, a lower-than-expected reading would trigger more euro bashing.

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

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

USD/JPY - 110.34.. The pair stands tall in lively Tokyo trading as Thursday's impressive rally in US yields (benchmark 10-year jumped to a 2-month high of 1.437%, circa 1.4267%) led to broad-based yen selling, dlr climbed from 109.77 (Europe) to a 2-week high of 110.34, then to 110.41 shortly after Tokyo open n is within striking distance from its September's top at 110.44, a break there would encourage for further headway towards next chart obj. at 110.79 (August peak) later.

In view of above analysis, buying dlr (or selling the yen) is the way to go.
Bids have been raised to 110.30-20 area with stops below 110.00 while some offers (profit taking) are tipped at 110.40/45 with stop above 110.50.

TGIF after a tumultuous week, however, in addition to release of a slew of U.S. eco. data, we have a number of Fed officials scheduled to speak in New York session, please refer to our EI page for details.
Pay attention to Fed chief J. Powell where he'll give opening remarks before virtual "Fed Listens: Perspective on the Pandemic Recovery" event at 14:00GMT.

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

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

USD/JPY - 110.64.. Despite rising one tick above Friday's 110.79 high to an 11-week peak of 110.80 at Tokyo open, price falls on broad-based cross-buying in yen esp vs eur and gbp, suggesting range trading is in store ahead of European open.

Intra-day brief break of Aug's 110.79 high together with expected rising US yields should push price to 111.11, then towards 111.65 later after consolidation, trading dlr from long side is recommended.
Bids are noted at 110.60-50 with some stops below 110.30 while offers are tipped at 110.75/80 with stops above there.

BoJ Gov. Kuroda will hold online meeting with Osaka business executives at 05:30GMT. Later, U.S. will release durable goods orders at 12:30GMT, then Dallas Fed mfg business index at 14:30GMT. We also have Chicago Fed President Evansn New York fed President Williams and Fed's Brainard speaking in New York session.

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

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

EUR/USD - 1.1694.. Euro's trades narrowly in subdued Asian morning, despite Monday's weakness to 1.1685, failure to penetrate last Thursday's 4-week 1.1684 triggered minor short-covering bounce to 1.1710 ahead of New York open.

Although price edged lower to 1.1686 in Asia, price has inched higher, suggesting range trading may continue in early European trading.
Offers are tipped at 1.1705/10 with tops above 1.1730 while bids are noted at 1.1685/84 with stops below 1.1680 and mores tops are touted below 2021 bottom at 1.1664 (August).

On the eco. data front, we have German Gfk consumer sentiment and then France's consumer confidence. ECB President Lagarde will speak at the ECB Forum on Central Banking at 12:00GMT, we also have other ECB members schedued to speak in European session (please refer to our EI page for details).

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

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

EUR/USD - 1.1688.. Trading the euro on Tuesday was tricky as despite usd's broad-based strength,s price was supported by active cross-buying in eur especially vs yen n gbp.
Euro fell from 1.1703 (Europe) to 1.1672 in New York n briefly bounced to 1.1702 after weak U.S. consumer confidence n later hit a 5-week low of 1.1668.

Intra-day recovery in Asia suggests price is in no hurry to challenge 2021 trough at 1.1664 (Aug) n further sideways swings may continue in European morning before prospect of resumption of Medium Term downtrend to projected target at 1.1635/40, loss of momentum should keep euro above 1.1603 today.
Offers are tipped at 1.1695/05 with stops reported above 1.1710 while bids are noted at 1.1670-65 with stops touted below 1.1660.

The euro area countries will release a slew of eco. data, pls refer to our EI page for details n pay attention to EU's bus. climate, eco. sentiment n services sentiment as well as consumer confidence, of these readings are weaker than street forecasts, then this may the the catalyst for euro to firmly penetrate said 1.1664 sup.

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