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

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AceTraderFx Jul 25: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1688.. The single currency moved narrowly in subdued Asian trading after yesterday's uneventful session. Although the pair came under selling pressure in Asia at 1.1702 and fell to session lows of 1.1655 in early European trading, release of upbeat German PMIs triggered short covering n sent price to 1.1717.
However, renewed usd's strength in New York afternoon pressured price back to 1.1674.

Looks like range trading would continue ahead of release of key German Ifo data, if July's business climate comes in higher than street forecast, one can expect euro to gain on the back of this data, so trading from long side in expectation of a relatively upbeat number following yesterday's robust German mfg and services PMIs is recommended. Bids are noted at 1.1680-70 with stops below 1.1650, offers are tipped at 1.1700/10 with stops above 1.1720.

France will kick off with PPI n then followed by Germany's Ifo data. Also, European Commission President Jean-Claude Juncker will be meeting U.S. Trump to discuss U.S. tariffs on the EU but Trump tweeted earlier he doesn't see anything productive will come from this (see prev. update).

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AceTraderFx Jul 26: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 110.79.. The pair remains on the back foot in relatively subdued Asian trading after o/n drop to a 2-week trough of 110.67 due to broad-based usd's weakness following news of positive trade talk between U.S. Trump n European Commission President Juncker, however, price briefly bounced to 111.08 on active yen selling as aversion of US/EU trade war and gain in U.S. stocks boosted risk appetite.

Although dlr has remained soft in Asian morning due to renewed usd's weakness as Asian traders are selling the greenback in early Asian trading, suggesting downside bias remains for marginal weakness after consolidation.
Offers are tipped at 111.00/10 n more above with stops above 111.40.
Some bids are noted at 110.70-60 with stops below there.

U.S. will release a slew of eco. data later today starting with the usual weekly jobless claims, durable goods order, trade balance, wholesale inventories n Kansas City Fed mfg index.

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AceTraderFx Jul 27: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 110.99.. Dlr pared yesterday's gain and retreated to 110.95 in Asian trading ahead of Tokyo lunch break.

Despite continuing its this week's losing streak to a fresh 2-week trough of 110.59 at European open, short covering lifted price n intra-day selloff in eur/usd durig post-ECB press conference triggered broad-based usd's strength, the pair later rallied back to as high as 111.24 in NY afternoon.

Yesterday's strong bounce from 110.59 to 111.24 signals recent decline has made a temp. low there and intra-day retreat would bring sideways swings, so one can trade the greenback from both sideways of the market but position players should sell dlr on further recovery for resumption of decline next week.
Offers are tipped at 111.20/25 and more above with stops above 111.60.
Some bids are noted at 110.95/90 and more below with stops below 110.55.

Pay attention to release of key prelim. U.S. Q2 GDP as well as core PCE n then University of Michigan consumer confidence. Also St. Louis Fed President Bullard (non-voter) will speak at 12:20GMT.

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AceTraderFx Jul 30: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1652.. Euro gained respite in quiet Asian morning after extending erratic decline from last week's high at 1.1750 to a 1-week trough of 1.1621 shortly after NY open on robust U.S. GDP, however, broad-based usd's retreat due to profit taking lifted the single currency to 1.1664 near the close n price inched higher to 1.1665 in early Asian trading.

Looks like sideways swings are expected ahead of European open, however, near term outlook remains mildly bearish for a re-test 1.1621 after consolidation, loss of downward momentum is likely to limit weakness to 1.1590/00 n bring rebound later today or tom. Therefore, one can trade euro from both side of the market but for position players are advised to buy euro on dips as the Fed is expected to stand pat in its rate decision at its FOMC meeting on Wednesday, such a move should support the euro.
Offers are tipped at 1.1665/75 n more above with stops above 1.1700.
Bids are noted at 1.1630-20 with stops below there, more stops are reported below 1.1575.

On the data front, the EU will kick off with Jul business climate, eco., industrial, services n consumer sentiment indexes n then Germany's prelim. CPI and HICP data.

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AceTraderFx Jul 31: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
31 Jul 2018 03:30GMT

USD/JPY - 110.96.. Dollar swung around the 111.00 handle in directionless Tokyo trading as traders are keeping their powder dry in anticipation of BoJ's policy meeting announcement which is due out soon and market is eager to hear if recent media report the central bank will may minor adjustment to his ultra-loose policy will materialise or not.

For now, range trading would continue with some offers tipped at 111.20/25 and stops are reported above 112.55.
Bids are noted at 110.95-00 with stops below 110.80 and more below 110.50.

U.S. will release a slew of eco. data later today starting with personal income, PCE price index, core PCE price index, Redbook sales, CasShiller home price, Chicago PMI and consumer confidence.

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AceTraderFx Aug 01: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1685.. Euro remains on the back foot in subdued Asian morning after falling yesterday from 1.1746 to 1.1685 in New York session as usd regained traction on the back of robust U.S. data n gained broadly on short covering vs its G7 peers.

Despite extending near term upmove from 1.1621 (Friday) to 1.1746 yesterday, failure to re-test last week's high at 1.1750 (Monday) and subsequent decline suggests the single currency is likely to 'gyrate' inside recent broad range of 1.1575-1.1750 until release of key U.S. jobs data this Fri, therefore, selling euro on intra-day recovery for marginal weakness or buying on next decline towards 1.1648 is favoured.
For now, offers are tipped at 1.1710/20 and more above with stops reported above 1.1750.
Some bids are noted at 1.1680-70 with stops below 1.1660, more stops are touted below 1.1640.

Today is PMI day in the euro area countries, Italy will kick off with Markit mfg PMI, then the same from France, Germany and the EU.

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AceTraderFx Aug 02: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
02 Aug 2018 03:00GMT

EUR/USD - 1.1665.. The single currency remains on the back foot in subdued Asian morning after extending decline from Tuesday's 1-week high at 1.1746 to 1.1658 in New York session, despite a brief bounce to 1.1677 after unchanged Fed's rate decision price quickly retreated following hawkish FOMC statement.

Expect range trading above 1.16588 would continue ahead of European open, as long as yesterday's 1.1700 high holds, consolidation with downside bias remains for weakness towards 1.1648 (Monday's low), however, as broad outlook continues to be consolidative, reckon last week's low at 1.1621 (Friday) would contain downside and yield rebound later today.
Therefore, intra-day players can sell euro on recovery whilst day traders should buy euro on next leg of decline in anticipation of a rebound to occur ahead of release of Fri's key U.S. jobs report.
Offers are tipped at 1.1675/85 with stops above 1.1700.
Some bids are noted at 1.1660-50 with stops below 1.1620.

The eco. calendar is pretty thin in the euro area countries with EU's PPI for June being the only data due out during European morning.

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AceTraderFx Aug 03: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 111.72.. The pair regained traction in New York morning on Thur due to renewed usd's broad-based strength firm U.S. yields. Price met renewed buying at 111.32 and climbed too 112.72 in New York afternoon.

Dlr's intra-day gain to 111.79 in Asia suggests early pullback from this week's high at 112.15 (Wednesday) has possibly ended and consolidation with upside bias is seen until release of key U.S. jobs data, if NFP and wage growth beat forecast, then dollar will continue this week's winning streak against its G7 counterparts and head higher.
For now, bids are noted at 111.60-50 and more below with stops below 111.30.
Offers are tipped at 111.80/90 with stops above 112.15.

On the data front, today is the first Friday of the month n U.S. will release non-farm payrolls, average earnings, trade balance, Markit services PMI and ISM non-mfg PMI.

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AceTraderFx Aug 06: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 111.20.. Dlr remained on the back foot in subdued Asian morning after intra-day selloff on Friday from 111.88 (Europe) to 111.10 in post-NFP New York morning as increased U.S./China trade tensions triggered another fresh round of active yen-buying on risk aversion.

Although range trading is likely to continue, the fact that dlr is unable to stage a recovery despite intra-day rebound in the yuan following Friday's action by the PBOC to increase reserve requirement of all FX forward positions to 20% effective from Monday suggests downside bias remains for further weakness.
Offers are tipped at 121.30/40 n more above with stops above 111.60, then above 111.90.
Some bids are noted at 111.10/00 with stops below there.

After Friday's release of key U.S. jobs data, no. economic indicators is due out today, so funds flow will have great impact on intra-day price movement.

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AceTraderFx Aug 07: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
07 Aug 2018 03:00GMT

EUR/USD - 1.1561.. Euro gained respite in subdued Asian trading after staging a rebound from Mon's 1-month trough of 1.1530 as renewed usd's strength n selloff in cable pressured the single currency in European morning, however, short covering later lifted the pair to 1.1570 in New York morning.

Intra-day steadiness suggests range trading above 1.1530 would be seen with mild upside bias and stops above 1.1570/75 are now in focus, however, selling interest at 1.1600/10 are likely to limit intra-day gain.
For now, bids are noted at 1.1540-30 and more below with market chatter of option defence at 1.1500.

On the data front, Germany will start off with industrial output, imports, exports and trade balance, current account, then the similar trade data from France.

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