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

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AceTraderFx Jun 22: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
22 Jun 2018 03:30GMT

EUR/USD - 1.1607.. The single currency trade narrowly with a steady bias is subdued Asian trading after yesterday's cable-led rally from an 11-month trough at 1.1509 to as high as 1.1634 in New York morning on active short covering.

Although euro met renewed selling in European morning on Thursday n briefly broke May's 1.1510 low, indicated option defence at 1.1500 contained weakness and intra-day jump in sterling triggered rally in euro, this in turn led to broad-based usd's weakness.

Although it is too soon to call for Medium Term decline from 1.2555 (February) has made a low at 1.1509 yesterday, one can expect choppy trading avc 1.1509 in next few days with an upside bias, so buying euro on dips for further gain is favoured as the path of least res is to the upside.
Bids are noted at 1.1595-85 and more below with some stops below 1.1550.
Offers are tipped at 1.1630/40 with stops above 1.1650 with more stops touted above 1.1700.

Today is PMI day in the euro zone, France will kick off with Markit mfg and services PMIs, then the same from Germany and the EU.


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AceTraderFx Jun 25: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
25 Jun 2018 03:30GMT

USD/JPY - 109.53.. Dlr opened lower below Friday's 109.80 low to 109.75 in New Zealand and quickly bounced back to 110.03. However, the pair tumbled at Tokyo open on WSJ report news report U.S. planned to limit Chinese investment in U.S. technology firms, the news led of broad-based safe-haven buying on renewed market jitters of U.S. protectionism, price penetrated 109.75 to 109.46 after tripping stops below last week's low at 109.55.

Although price has stabilised ahead of Tokyo lunch break, the lack of intra-day short-covering rebound suggests sellers are 'in control', so selling dlr on recovery is the way to go and stops below daily sup at 109.20 are now in focus.
Offers have been lowered to 109.75/85 n more above with stops above 110.00/05.

U.S. will release a slew of second-tier data starting with building permits, Chicago Fed national activity index, new home sales and Dallas Fed mfg business index. BoJ member Sakurai will speak at an international forum in Italy at 12:15GMT.

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AceTraderFx Jun 26: Intra-Day Market Moving News and Views -GBP/USD

Intra-Day Market Moving News and Views
26 Jun 2018 10:30GMT

GBP/USD - 1.3232... Although the British pound edged up to session high at 1.3292 in Asia, price pared its gains and retreated to 1.3263 at European open.
Intra-day decline accelerated in Europe and hit session lows at 1.3207 in European morning on dovish comments from BoE's incoming rate-setter Haskel (see prev. MMN) before stabilising.

Offers are now seen at 1.3240/50 and more above at 1.3260/70 with stops building up above there.
Whilst initial bids are noted at 1.3150/60, suggesting choppy trading with downside bias remains.

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AceTraderFx Jun 28: Intra-Day Market Moving News and Views -DAILY GBP/USD

Intra-Day Market Moving News and Views
28 Jun 2018 03:00GMT

DAILY GBP/USD OUTLOOK - 1.3118
Cable's selloff on dlr's broad-based rally in New York yesterday suggests correction from last Thursday's 7-month trough at 1.3102 has ended at 1.3315 (Friday) and Medium Term decline would head to 1.3055/65, however, reckon 1.3000/10 should remain intact this week.

Lower short entry to 1.3145 for this move and only above 1.3192 risks another strong bounce towards 1.3256.

Data to be released on Thursday:
Japan retail sales, Germany GfK consumer sentiment, import prices, CPI, HICP, Italy CPI, CPI (EU norm), EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
U.S. GDP, PCE prices, initial jobless claims, KC Fed manufacturing index.

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AceTraderFx Jul 03: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
03 Jul 2018 03:10GMT

EUR/USD - 1.1628.. Despite yesterday's intra-day selloff from 1.1698 (New Zealand) to as low as 1.1591 in New York morning due to internal dispute of the German coalition party over EU migration deal, euro regained traction in late New York trade after Christian Social Union (CSU) party reached a deal with Merkel's ruling Christian Democrats (CDU) over illegal immigration and the early resignation threat by CSU leader Seehofer was withdrawn.

The euro rebounded to 1.1647 near New York close and despite intra-day dip to 1.1621 due to a brief jump in usd/yen, renewed buying quickly emerged and lifted the pair, suggesting consolidation with upside bias is in store.

Friday's rally to 1.1690 due to a EU migration deal and present end of German coalition feud over migration bodes well for the euro to re-test 1.1697 after consolidation, so trading from long side is favoured and stops above last week's high at 1.1720 (reaction high from June's 11-month low at 1.1509) is now in focus.
Bids are noted at 1.1620-10 and more below with stops touted below 1.1590.
Offers are tipped at 1.1550/60 with stops above 1.1700.

Eur area countries will release a slew of data starting with France's budget balance, EU PPI and retail sales. ECB Chief Economist Praet will speak at a banking conference in Romania at 16:00GMT.

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AceTraderFx Jul 04: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
04 Jul 2018 03:10GMT

USD/JPY - 110.34.. The pair remained on the back foot in Tokyo trading. Despite moving narrowly in Australia following yesterday's decline from a 5-week high of 111.14 to 110.51 (New York low), renewed selling emerged at 110.61 knocked price lower below said Tuesday's bottom, price hit intra-day low of 110.28 before stabilising.

Some traders attributed to intra-day decline on falling U.S. yields as well as renewed usd's weakness in Asia following o/n decline in New York session, however, as broad outlook remains consolidation, steep fall is not envisaged.
For now, bids are noted at 110.30-20 and more below with stops reported below 109.95.
Offers are tipped at 110.50/60 with stops above 110.75.

U.S. markets are closed for Independence Day holiday, so no U.S. eco. data is due out and trading may thin out near European close.

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AceTraderFx Jul 05: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
05 Jul 2018 03:00GMT

USD/JPY - 110.40.. Despite staging a rebound at Tokyo open after moving very narrowly in holiday-thinned N. American trading, the pair met renewed selling at 110.62 (just one tick above Wednesday's high in Australia) and fell back to 110.30, suggesting daily downside bias remains for re-test of yesterday's low at 110.28, break there would extend early fall from Tuesday's 5-week peak at 111.14 towards next chart obj. at 109.97.

Therefore, trading from short side is the way to go, offers are tipped at 110.60/65 with some stops above 110.80, a mixture of bids and stops is touted at 110.30-25 and more stops have been reported below 109.95.

The U.S, market will reopen after yesterday's Independence Day closure, on the data front, we have the important ADP private payrolls, weekly jobless claims, Markit services PMI, ISM non-mfg PMI and last but not the least, release of previous FOMC meetings at 18:00GMT.

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AceTraderFx Jul 06: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
06 Jul 2018 03:00GMT

EUR/USD - 1.1681.. The single currency pared yesterday's impressive gain n trades narrowly but with a soft bias is relatively subdued Asian morning.

Despite yesterday's jump from 1.1650 to 1.1711 after robust German data, then to session highs of 1.1720 after soft U.S. ADP private payrolls, failure to penetrate this res (last week's high) prompted profit taking n price later weakened to 1.1673 after Fed minutes.
Price edged higher to 1.1697 at Asian open but only to move lower again, suggesting choppy trading below 1.1720 would continue until release of U.S. NFP.
Offers are tipped at 1.1710/20 with stops reported above there.
Bids are noted at 1.1675/70 and more below with stops below 1.1650.

On the data front, Germany will kick off with industrial output, then France's current account, trade balnce and import & export prices, then finally, Italy will release retail sales. ECB's Nouy will speak in Austria at 10:00GMT.

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AceTraderFx Jul 09: Intra-Day Market Moving News and Views -USD/JPY
Intra-Day Market Moving News and Views
09 Jul 2018 03:00GMT

USD/JPY - 110.48.. Dlr moved narrowly in subdued Tokyo morning following intra-day decline frm 110.68 to 110.38 in post-NFP New York morning.

Although price initially weakened to 110.32 in NZ today, renewed buying above last week's 110.28 low (Wednesday) lifted the pair to 110.52, suggesting sideways trading would continue until European open.
As usd remains on the back foot in Asia, downside bias remains and stops below 110.25 are now in focus.
Offers are tipped at 110.50/30 with stops above 110.80.
Bids are noted at 110.35-30 with stops below 110.25.

After Friday's release of key U.S. jobs reports, no economic data is due out today.

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AceTraderFx Jul 10: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
10 Jul 2018 03:00GMT

EUR/USD - 1.1756.. Despite continuing its recent winning streak n initially climbed above Friday's 1.1768 high to 1.1781 in Europe after upbeat German data, euro hit fresh 3-week peak of 1.1791 in New York morning but only to get 'dragged' lower to 1.1732 due to intra-day selloff in sterling, price later moved narrowly in subdued NY afternoon session.

Yesterday's retreat from 1.1791 suggests recent erratic upmove has made a temporary top and range trading is in store until European open, so one can play the euro from both sides of the market but keep an eye out for German n EU ZEW data, if they come out better than street forecast, euro may ratchet higher.
For now, offers are tipped at 1.1760/70 and more above with stops reported above 1.1800.
Bids are noted at 1.1730-20 with some stops below there and more stops are touted below 1.1700.

The euro area countries will release a slew of data staring with France's industrial output, then the same from Italy, Germany's and EU's ZEW sentiment.

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