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

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AceTraderFx Aug 08: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 111.39.. Dlr continues to move in familiar territory in subdued Asian morning after a roller-coaster ride on Tuesday.

Despite y'day's decline from 111.43 (AUS) to 111.23 in Asia, then decline weakness to 111.00 at New York open due to broad-based usd's decline in European morning, rebound in U.S. yields n gain in global stocks boosted risk sentiment, leading to active yen selling, the pair later rallied to session highs of 111.47 in New York afternoon before easing.

Dlr's rebound from 111.00 suggests early decline fm last week's high as 112.15 has ended and range trading is in store, bis are noted at 111.30-20 and more below with stops below 111.00.
Offers are tipped at 111.45/55 with stops above there.

The only eco. U.S. data due out today is the non-market moving MBA mortgage applications but we have Richmond Fed President Barkin (voter) delivering a speech at a business conference.

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AceTraderFx Aug 09: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 110.83.. Dollar falls in Asian trading due to renewed yen-buying as escalation of U.S./China trade tensions together with retreat in U.S. yields which occured in New York session yesterday triggered risk aversion.

Intra-day break of yesterday's 110.84 suggests re-test of prev. key daily sup at 110.59 would be seen after consolidation where a break there would encourage for further weakness towards July's bottom at 110.28, therefore, trading the greenback from short side is the way to go.
Offers have been lowered to 111.00/10 with stops above 111.20, some bids (profit taking) are touted at 110.65-60.

U.S. will release a slew of eco. data starting with Jul PPI. core PPI, weekly jobless claims and wholesale inventories. Chicago Fed President Evans (non-voter) will deliver a speech at 13:30GMT.

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

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

EUR/USD - 1.1535.. Although the single currency swung broadly sideways in Asian and European morning on Thursday, price later tumbled in New York as dlr caught a bid in New York session, price early penetrated Mon's 1-month low to a 6-week trough of 1.1526 ahead of New York close, then 1.1517 in Australia this morning.

Yesterday's close below 1.1530 suggests re-test of June's 11-month bottom is on the cards, however, euro needs to take out reported option defence at 1.1500 in order to extend Medium Term downtrend to next downside target at 1.1448 early next week, perhaps the release of higher-than-expected U.S. inflation data will be the catalyst for such a move.
For now, offers are tipped at 1.1540/50 and more above with some stops above 1.1575.
Bids are noted at 1.1520-10 with stops touted below 1.1500.

Euro area eco. calendar is pretty light with France's industrial orders and Italy's trade balance due out during European morning.

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AceTraderFx Aug 13: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 110.19.. Dlr ratcheted lower to 6-week low of 110.14 in hectic trading on Mon as free fall in the Turkish lira to fresh record lows vs usd at New Zealand open triggered safe-haven yen buying.

Although the pair opened around Fri's close at 110.92, renewed selloff in the Turkish lira with usd/try rallying above Friday's 7.0000 record high to 7.24 (Reuters) in thin New Zealand trading sparked off another round of yen buying, dlr fell to 110.33 b4 staging a rebound to 110.75 on short covering, however, sellers emerged at Tokyo open and price dropped to 110.14.

Dlr's intra-day break of July's bottom at 110.28 together with falling U.S. yields (benchmark 10-year has dropped to 3-week low of 2.85% from August's high at 3.016%) suggests recent decline would pressure price to 109.20 later this week esp. if recent Turkish lira rout continues unabated.
Offers are noted at 110.65/75 and more above with stop above 111.20.
Some bids (profit taking) are touted at 110.10-00 with stops below there.

On the eco. data front, so U.S. data is due out today, so all eyes are on intra-day movements of the Turkish lira n other EM currencies.

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AceTraderFx Aug 14: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 110.79.. The pair traded narrowly but with a firm undertone in relatively subdued Asian morning after staging a strong rebound from Monday's fresh 6-week low of 110.11 (Asia) to 110.93 as recovery in the embattled Turkish lira following Turkish central bank's liquidity boost triggered broad-based cross unwinding in recent long yen positions.

Although yesterday's rebound from 110.11 suggests recent decline has made a temporary low and range trading is in store with mild upside bias for further short-covering gain, as the TRY remains extremely vulnerable to further weakness after tanking to a fresh record low of 7.2400 (currently at 6.9250), selling dlr on further rise is still favoured for resumption of decline.
Offers are tipped at 110.90/95 with some stops above 111.00, however, more selling interest is reported at 111.10/20 with stops above there.
Bids are noted at 110.60-50 and more below with stops below 110.00.

U.S. eco. calendar is pretty thin today with just some 3rd-tier data due out starting with import and export prices n then Redbook sale.

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AceTraderFx Aug 15: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 111.38.. The pair climbed above Tuesday's New York top at 111.32 to 111.43 in early Asian trading on Wednesday as the greenback continued to stretch its muscles against other key currencies following yesterday's dollar index (DXY) reaching a fresh 13-month peak as investors continued to load up more usd positions due to ongoing U.S./Turkey political tension which may spark off further financial turmoil in other emerging markets.

Despite initial sideways move in Australia following yesterday's rally from 110.59 (Asia) to 111.32, renewed buying interest emerged at 111.14 n pushed price above 111.32 to 111.43, suggesting further gain would be seen after consolidation.
Having said that, keep an eye on the Turkish lira, as price may fall again in Europe after yesterday's sharp recovery on profit taking and such decline would trigger yen-buying on risk aversion.
For now, bids are noted a 111.15-10 with stops below 111.00.
Offers are tipped at 111.45/55 with stops above 111.60, however, more offers are touted at 111.85/90.

U.S. will release a slew of eco. data starting with Jul retail sales, industrial production, cap. utilization, mfg output, bus. inventories and NAHB housing market index.

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AceTraderFx Aug 16: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
16 Aug 2018 03:30GMT

EUR/USD - 1.1376.. Euro jumped in hectic trading in Asia from 1.1336 to 1.1383 after China Commerce Ministry said it is sending a delegation to Washington to discuss trade issues, the news sent usd broadly lower (except vs the yen), suggesting recent downtrend has made a temp. low at Wednesday's fresh 13-month trough at 1.1301.

Actually, the euro regained traction in New York afternoon on news that Qatar said it will invest $15 bln in Turkey, usd fell broadly on the new and intra-day euro-positive news which lifted the CNY suggests long-awaited correction has possibly occured, so buying on dips is favoured but strong gain is unlikely as US/Turkey tension persists.
Bids are noted at 1.1355-50 and more below with stops below 1.1330.
Offers are tipped at 1.1380/85 with stops above 1.1400.

On the data front, Germany will release wholesale prices index and then EU's trade balance.

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AceTraderFx Aug 17: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 1110.87.. The pair moved in directionless Thursday's session and price swung around the 111.00 in New York afternoon session, suggesting further sideways swings are in store today.

Having said that, the retreat on the usd index (DXY) from its 13-1/2 month peak of 96.98 (Wednesday) suggests consolidation with downside bias remains, therefore, the decline from 111.43 (Wednesday) is likely to resume next week and below 110.43 would encourage for re-test of 110.11. Therefore, selling the pair on recovery is recommended.
Offers are tipped at 111.10/20 and more above with stops above 111.45.
Some bids are noted at 110.50-45 with stops below 110.40.

T.G.I.F., U.S. will release July leading indicators n University of Michigan Aug consumer confidence at 14:00GMT later today.

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AceTraderFx Aug 20: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 110.50.. Dollar trades narrowly in subdued Asian morning following Friday's intra-day decline from 111.05 (Asia) to 110.32 in New York session due to broad-based usd's retreat as market optimism ahead of China/U.S. 2-day trade talks starting Wednesday as well as relatively calmer moves in the Turkish lira triggered profit taking on the greenback.

Having said that, Friday's weakness to 110.32 suggests re-test of last Monday's 6-week trough at 110.11 would be seen after initial consolidation n stops below 'psychological' sup at 110.00 are now in focus.
For now, offers are tipped at 110.60/70 and more above with stops above 111.15.

On the eco. data front, no U.S. data is due out today and the only thing worth noting is a scheduled speech by Atlanta Fed President Bostic (2018 FOMC voter), he will talk on the economic outlook at 16:00GMT.

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AceTraderFx Aug 22: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 110.33.. Dlr pared initial losses in Asian morning after falling from Tuesday's New York high of 110.55 to 110.03 at Asian open today.

The pair came under selling pressure in New York afternoon due to safe-haven yen buying on Reuters news report that an attorney for Michael Cohen, Trump's former personal lawyer who pleaded guilty in New York on Tuesday to campaign finance violations and other charges, said Trump directed Cohen to commit a crime.
However, renewed buying interest above 110.00 emerged and lifted the greenback, suggesting range trading would be seen ahead of European open.
Offers are tipped at 110.45/55 with stops above there, bids are noted at 110.05-00 with stops below there, more stops are reported below 109.75.

On the data front, U.S. will release MBA mortgage applications, existing home sales.
Key event to watch for is the start of a 2-day U.S./China trade talks in Washington and then last but not least, release of FOMC minutes at 18:00GMT, however, market is keenly awaiting Fed Chairman J. Powell's speech at Jackson Hole on Friday.

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