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

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AceTraderFx Aug 23: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 110.79.. The pair rallies in Asian morning as dollar suddenly caught a bid in hectic trading in early Thursday's session.

Despite relatively muted reaction in New York afternoon after release of mildly hawkish FOMC minutes, traders cited decline in the Aussie dollar (see previous updates) triggered broad-based USD buying and the greenback climbed against its G7 peers on short covering.

Intra-day firm break above yesterday's 110.62 (New York) high suggests recent downtrend has made a low at Tuesday's 7-week trough at 109.78 and consolidation with upside bias remains for further headway towards 111.12 res.
Bids have been raised to 110.60-50 and more below with stops below 110.20.
Offers are tipped at 110.90/00 with stops above 111.15.

On the data front, U.S. will release a slew of data starting with building permits, initial jobless claims, monthly home price, Markit mfg and services PMIs, new home sales n KC Fed mfg index.

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AceTraderFx Aug 24: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 111.41.. Dlr remains on the front foot in relatively subdued Asian trading, price met renewed buying at 111.26 in Aust. and easily penetrated o/n New York high at 111.31 to 111.46 in Asian morning.

Intra-day firmness suggests the pair still has leg to go higher as the greenback is likely to remain bid ahead of Fed Chairman J. Powell's opening speech at the annual Federal Reserve conference in Jackson Hole, Wyoming. Market awaits in eagerness to hear from the horse's mouth if the Fed is sticking to its recent forecast (Dot Plot) of raising rates 2 more times this year with next one at September's FOMC meeting.
Bids have been raised to 11.25-20 n more below with stops below 110.90.
On the upside, some offers are tipped at 111.70/80 with stop above 111.90, more stops are touted above August's 112.15 high.

No U.S. economic calendar is due out on the last trading day of this tumultuous week but who needs them when J. Powell is speaking about the U.S. economy at 14:00GMT !

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AceTraderFx Aug 27: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1629.. Despite meeting renewed buying at 1.1611 (New Zealand) and climbing briefly above Friday's 1.1640 (New York) high to a 3-week peak of 1.1654 just ahead of Asian open, broad-based liquidation of long euro positions knocked price back down to 1.1625, suggesting recent strong upmove has made a temp. top there and range trading is expected until European open as market awaits release of key German Ifo business confidence index.

On the bigger picture, although euro continued its recent winning streak in Asia on Monday, as upward momentum of current rise is losing momentum, daily res at 1.1700 should cap upside today and risk has increased for a much-needed correction to occur soon.
Order book is pretty thin on Monday with some offers tipped at 1.1650/60 and some bids are touted at 1.1615-05 with stops reported below 1.1590.

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AceTraderFx Aug 28: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 111.30.. Despite swinging broadly sideways in directionless European and New York sessions on Monday as market focus was on other G7 counterparts and the Turkish lira, the pair climbed just ahead of Tokyo open on Tuesday as yesterday's rally in global stocks on easing of trade tensions as well as rising U.S. yields boosted risk appetite, sending the Japanese yen lower across the board.

Intra-day break of Mon's European high at 111.19 due to renewed broad-based yen selling suggests pullback from last Friday's 2-1/2 week high at 111.49 has ended and upside bias remains for re-test of said res where a break there would encourage for gain towards next chart obj. at 111.88.
Therefore, buying dlr on dips is recommended. Bids have been raised to 111.15-05 with stops below 110.90.
Offers are tipped at 111.35/45 with stops above 111.50.

On the data front, the U.S. will release a slew of eco. data starting with wholesale inventories, goods trade balance, Redbook sales, CaeShiller home price, after release of these 2nd-tier data, we have Aug consumer confidence and then Richmond Fed August mfg index.

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AceTraderFx Aug 29: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1687.. Euro remains on the back foot in relatively subdued Asian morning after retreating from Tuesday's fresh 4-week high of 1.1734 to 1.1691 in New York as rising U.S. yields n upbeat U.S. consumer confidence triggered broad-based short covering in the greenback.

The single currency edged lower to 1.1684 in early Asian trading, suggesting recent strong upmove has made a temp. top consolidation with downside bias is in store, so selling euro on recovery is therefore favoured today for a change.
Offers are tipped at 1.1690/00 and more above with stops above 1.1635 and more stops have been reported above daily res at 1.1750.
Some bids are noted at 1.1680-70 with stops touted below 1.1660.

On the eco. data front, Germany will release Gfk consumer confidence, then France's consumer spending n GDP.

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AceTraderFx Aug 30: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 111.61.. Dlr pares yesterday's intra-day rally to a near 4-week high of 111.83 in Asia and retreated on cross-selling vs Eur, Gbp and Aud, however, renewed buying at 111.52 lifted price ahead of Tokyo open.

Yesterday's rally above last week's high at 1111.49 (now sup) due to upbeat U.S. data together with rising U.S. yields where benchmark 10-year hit a near 2-week high of 2.898% bodes well for gain towards August's peak at 112.15 after consolidation, therefore, trading the greenback is the way to go (our intra-day, daily as well as weekly strategies are all holding long USD positions !).
Bids are noted at 111.50-40 with stops below there, some offers are tipped at 111.80/90 with stops above 112.15.

U.S. will release a slew of eco. data starting with weekly jobless claims, Jul personal spending n income and important July PCE and core PCE, all due out at 12:30GMT.

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AceTraderFx Aug 31: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1671.. The euro moves narrowly in subdued Asian morning on Friday after yesterday's volatile swings.
Despite erratic rise to 1.1718 in European morning, euro ratcheted lower on renewed weakness in the Turkish lira, price fell on selling in eur/yen, eur/gbp and eur/chf cross trading to session lows of 1.1642 at New York midday before staging a recovery to 1.1678 on short covering.

Despite intra-day sideways move, as decline from Tuesday's 4-week peak at 1.1734 to 1.1642 signals recent strong upmove has made a temp. top there, choppy consolidation with downside bias is in store esp. if the Try weakens further during European morning, so trading the single currency from short side in anticipation of another leg of decline is favoured.
Offers are tipped at 1.1675/80 and more above with stops above 1.1700, more stops are reported above 1.1735.
Bids are noted at 1.1650-40 with stops below 1.1640.

The euro are countries will release a slew of eco. data, please refer to our EI section for details.

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

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

EUR/USD - 1.1598.. The single currency remained on the back foot in subdued Asian trading after falling sharply on Friday from 1.1690 (Europe) to 1.1585 in New York morning due to broad-based euro selling vs usd, yen, gbp and chf on renewed TRY weakness and lingering global trade tensions.

Friday's break of previous 1.1642 (Thursday's low) confirms decline from Tuesday's 4-week peak at 1.1734 to recent strong upmove has once again resumed and price is en route towards daily chart obj. at 1.1530 after consolidation, therefore, trading euro from short side is recommended.
However, reckon 1.1530 would hold today due to near term oversold condition and with markets in U.S. and Canada off for Labor Day holiday, trading in North America time zone later today will be quiet but beware on intra-day wild swings due to thin market conditions.
Offers are tipped at 1.1620/30 with stops above 1.1645.
Bids are noted at 1.1590-85 with stops below 1.1555.

Today is PMI day in the euro area countries, Italy will kick off with mfg PMI, then followed by France, Germany n the EU. ECB Governing Board member Mersch will speak at 2 diff. venues in Paris, first at 06:30GMT n then a participation on a panel "The strategy for Europe ?" at Reinventing Breton Woods conference "Dialogue of Continents" at 09:20GMT

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

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

USD/JPY - 111.09.. Dlr continues to orbit 111.00 handle in choppy Tokyo trading in early trading on Tuesday after going through a mini roller-coaster rise yesterday.

Despite initial marginal gain to 111.19 (New Zealand) on Monday, price fell to 110.85 in Asia on renewed cross-buying yen, however, renewed usd's broad-based strength in European morning later lifted price to 111.17 before moving narrowly in holiday-thinned N. American session as markets in both U.S. and Canada were closed for Labor Day holiday.

Looks like further sideways swings above Friday's 1-week trough at 110.69 would continue, however, weakness in EM currencies (keep an eye on the Turkish lira in Europe) plus lingering global trade tensions should trigger another round of yen buying later in the day, so selling the pair on recovery is favoured.
Offers are tipped at 111.15/20 with stops above 111.35/40.
Bids are noted at 110.90-85 and more below with stops below 110.65.

On the data front, U.S. will release Markeit mfg PMI, construction spending, ISM mfg PMI and Chicago Fed President Evans (non-voter) will speak at 14:30GMT.

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

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

USD/JPY - 111.62.. Despite yesterday's intra-day wild swings from European 111.53 in New York morning, dlr rebounded to 111.51 after upbeat U.S. mfg PMIs as well as rising U.S. yields (benhmark 10-year climbed to 2-week high of 2.9060%, circa 2.8985%).

The pair traded narrowly but with a firm undertone at Tokyo open n then jumped to 111.71 after tripping stops above 111.55/60, suggesting price is en route towards last Thursday's 2-1/2 week peak at 111.83 n there is market of stops building up above previous daily res at 111.88.
Therefore, trading dlr from long side (our intra-day and daily strategies are holding long positions) is the way to go.
Bids have been raised to 111.55-50 and more below with stops reported below 111.15.
Offers are tipped at 111.75/85 with stops above 111.90/00.

U.S. will later release Redbook sales n ISM New York bus conditions index. We also have St. Louis Fed President Bullard, Minneapolis Fed's Kashkari n S. Francisco Fed President Williams speaking (please refer to our EI section for details).

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates