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

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

Intra-Day Market Moving News and Views
Update Time: 19 Oct2021 05:30GMT

EUR/USD - 1.1641.. Euro caught a bid ahead of Asian open, price rose from 1.1609 (AUS) and then penetrated last week's 1.1624 high (Thur) due to broad-based usd's weakness hit a 4-week peak of 1.1642 ahead of Tokyo lunch session.

Although intra-day break of 1.1624 confirms euro's corrective rise from Oct's fresh 14-month trough at 1.1525 has once again resumed, loss of momentum is likely to prevent strong gain n reckon 1.1664 (Aug low, now res) would cap upside and yield decline later today.
Bids are noted at 1.1625-15 with stops below 1.1600 while offers are tipped at 1.1640/50 area with stops above 1.1670.

On the data front, EU construction output is the only eco. data due out.
We have a number of ECB officials scheduled to speak in European session, please refer to our EI page for details.
Pay attention to ECB's chief economist Lane when he participates at a financial conference at 14:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 20 Oct2021 05:30GMT

EUR/USD - 1.1639.. Euro pares Tue's rally in subdued Asian morning after retreating fm a near 3-week high of 1.1669 (Europe) to 1.1630 as rally in U.S. yields in NY session helped usd to stage a broad-based rebound.

As intra-day marginal weakness to 1.1628 shortly after Asian open suggests corrective rise from Oct's 14-month trough at 1.1525 has made a temp. top, consolidation with downside bias is in store, below 1.1620/24 would yield weakness to 1.1572.
Offers are tipped at 1.1645/55 with stops abv 1.1670 n bids are noted at 1.1630/20 with stops below 1.1600.

On the data front, Germany will kick off with producer prices, then EU's current account n HICP.
We have a number of ECB officials scheduled to speak in European morning, pls refer to our EI page for details.

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

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

EUR/USD - 1.1665.. Euro remains on the front foot due to continued usd's broad-based weakness in Asia, suggesting price would penetrate Tue's near 3-week high at 1.1669 and extend near term upmove from Oct's fresh 14-month bottom at 1.1525 to 1.1700/05, however, loss of upward momentum should cap price below res at 1.1755.

Expect minor consolidation head of European open before prospect of such a move, bids have been raised to 1.1650-40 n more below with stops below 1.1615.
Offers are tipped at 1.1665/70 with some stops above there n more stops are touted above 1.1700.

On the data front, we have France's business climate and then Italy's industrial sales.
There is a European Council meeting today n ECB member Holzmann will speak at a forum at 08:00GMT.

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AceTraderFx Oct 22: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 22 Oct 2021 05:30GMT

USD/JPY - 110.04.. Despite extending rebound from Thursday's 113.66 low in New York after meeting renewed buying ahead of Tokyo open at 113.82 to 114.20, dlr retreats in tandem with U.S. yields (benchmark 10-year hit a 5-month high of 1.7064%, circa 1.6869%) on profit taking, suggesting range trading is in store ahead of European open.

As dlr's said bounce from 113.66 indicates pullback from Wednesday's fresh 3-year peak at 114.69 has possibly ended, consolidation with upside bias remains, above 114.20/30 would encourage for re-test of 114.69 later today or Monday esp if U.S. PMI data is upbeat.
Bids are noted at 114.00-113.90 with stops below 113.65 while offers are tipped at 114.20/30 with some stops touted above there.

On the data front, U.S. will release Markit mfg n services PMIs n then Federal budget. We also have a number of Fed officials scheduled to speak in New York morning, please refer to our EI page for details and pay attention to speech by Fed chief J. Powell where he will participate a BIS conference at 15:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 25 Oct 2021 05:30GMT

USD/JPY - 113.74.. Dlr pares Fri's decline n ratcheted higher from New York 1-week trough of 113.42 to 113.82 in Tokyo morning as a bout of yen-selling lifted price, suggesting consolidation is in store.

As erratic fall from Wednesday's fresh 3-year peak at 114.69 to 113.42 signals recent uptrend has made a temporary bottom, strong gain is not envisaged n as long as Friday's 114.20 top holds, another fall can't be ruled out, below 113.42 would extend weakness towards 113.22 but 113.01 should hold.
Bids are noted at 113.50/40 with stops below there while offer are tipped at 113.80/90 with some stops above 114.00.

U.S. eco. data is pretty light today with Dallas Fed mfg index being the only data due out at 14:30GMT.

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

Intra-Day Market Moving News and Views
Update Time: 26 Oct2021 05:30GMT

EUR/USD - 1.1601.. Euro is nursing losses in subdued Asian morning after Mon's decline from 1.1664 (Asia), intra-day fall accelerated in European trading after soft German Ifo data n then downbeat Bundesbank monthly report which forecast German growth to slow sharply in final months of 2021, the single currency later tumbled to a 6-day low of 1.1591 shortly after New York open n staged a modest bounce to 1.1616 on short covering.

As Monday's selloff below previous 1.1617 sup to 1.1591 signals recent corrective rise from October's 14-month trough at 1.1525 has ended last week at 1.1669 (Tuesday), downside bias remains for weakness to 1.1580 (61.8% r), break would add credence to this view and yield weakness towards 1.1525 ahead of Thursday's ECB meeting where market is anticipating a dovish hold by the ECB.
Offers are tipped at 1.1610/20 and more above while some bids are noted at 1.1595/90 with stops below there, more stops are touted below 1.1570.

There is no economic data from the euro area countries, we have ECB member Villeroy speaking in European session.

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

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

EUR/USD - 1.1599.. Euro orbits the 1.1600 handle in subdued Asian morning after a roller-coaster Tue's session. Despite weakness to 1.1595 in early European trading, failure to penetrate Mon's 1.1591 low n intra-day rally in cable lifted price to 1.1625 but price later fell as the greenback regained traction in NY morning after upbeat U.S. data n knocked the single currency to session lows of 1.1586.

As euro's erratic fall from last Tue's 1.1669 high to 1.1586 strongly suggests correction from Oct's fresh1 4-month bottom at 1.1525 has ended, consolidation with downside bias remains ahead of Thur's ECB monetary meeting and market is expecting another dovish hold by ECB.
Offers are tipped at 1.1500/05 with stops reported abv 1.1625 while bids are noted at 1.1590-85 with stops reported below 1.1570.

The euro area countries will release a slew of eco. data, pls refer to our EI page for details. Pay attention to Gfk consumer sentiment, a downbeat reading would trigger another round of euro selling.

 

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

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

EUR/USD - 1.1608.. The single currency is in holding mode as despite y'day's intra-day brief break of Tue's 1.1586 low to an 8-day trough of 1.1585, price swiftly rebounded on short covering due to lack of follow-through buying n partly on usd's weakness due to selloff in U.S. yields, however, price then retreated back to 1.1588 in NY morning.

Further sideways swings are expected as traders are keeping their powder dry ahead of ECB's announcement n then post-ECB presser by ECB president Lagarde, a dovish hold n dovish forward guidance would trigger renewed broad-based euro selling. Offers are tipped at 1.1615/25 with some stops abv there n more stops are buidling abv 1.1670. Bids are noted at 1.1585-80 with some stops below 1.1570.

The euro area countries will release a slew of eco. data ahead of ECB rate decision, pls refer to our EI page for details. Pay attention to EU's bus. climate, eco. sentiment n consumer confidence at 09:00GMT, if these readings come in weaker than forecast, euro may come under renewed selling.

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

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

USD/JPY - 113.56.. Dlr swung in choppy fashion in Asian morning after hitting a near 2-week trough of 113.26 in New York morning Thursday on the back of downbeat U.S. GDP report, however, rebound in U.S. yields and active cross-selling in yen lifted price to 113.59 near New York close and the pair climbed to 113.71 shortly after Tokyo open before retreating briefly to 113.40 or intra-day unwinding in short yen positions.

As long as 113.71/74 res holds, consolidation with downside bias remains and below 113.22/26 sup would extend decline from October's 114.69 peak to 113.01, then 112.70/75 later today or Friday.
Offers are tipped at 113.60/70 with stops above 113.75 n more above 113.90 while bids are noted at 113.40-30 with stops below 113.20.

T.G.I. F. after a choppy week, however, U.S. will release a slew of eco. data (please refer to our EI page for details) on this last trading day of October and market volatility is expected.
Pay attention to PCE price index, Chicago PMI n University of Michigan consumer confidence, if actual readings of the two latter data come in weaker than street forecast, then the greenback would come under renewed selling

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

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

USD/JPY - 114.14.. Although the pair caught a bid at Mon open in New Zealand as w/end news of majority win in Sunday's parliamentary election by ruling LDP boosted risk appetite (yen selling) n pushed dlr above Friday's 114.09 (New York) high to 114.25 just ahead of Tokyo open, however, profit taking (yen buying) quickly emerged and pushed price back down to 114.03.

As dlr's strong rebound from last week's low at 113.26 to 114.25 suggests correction from Oct's 3-year peak at 114.69 has ended, buying dlr on dips is the way to go.
Bids are noted at 114.00-113.80 with stops touted below 113.70 whole offers are tipped at 114.25/35 with stops above 114.45.

On the data front, U.S. will release Markit mfg, ISM mfg PMI n construction spending.

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