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

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

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

USD/JPY - 112.63.. Dlr pares yesterday's gain after climbing to a a -11-day high of 112.89 in New York, however, price retreated in New York afternoon as U.S. stocks were in the red n the pair weakened marginally below New York low at 112.66 due to renewed safe-haven yen buying as Asian share are also in the red in Asian morning, suggesting sideways swings below 112.89 would continue.

Looking ahead, despite anticipated broad-based strength usd's strength, if global equities weaken again, then the pair would come under selling pressure due to buying of yen on risk aversion, a break of yesterday's 112.35 low would be the 1st signal early correction from October's 111.63 low has ended, then risk would shift to the downside for subsequent weakness towards 111.96.
Offers are tipped at 111.80/90 with stops above 113.00.
Some bids are noted at 112.55/50 with stops below 112.30.

On the eco. data, the only data due out from the U.S. is Redbook sales n Richmond Fed mfg index.
However, for Fed watchers, we have Minneapolis Fed's Presient Kashari (non-voter) speaking at 13:30GMT, then Atlanta's Fed President Bostic (voter) speaking at 16:30GMT n then Dallas Fed's Kaplan at 18:15GMT.

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AceTraderFx Oct 24: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1464.. Euro moves narrowly in subdued Asian morning after yesterday's choppy swings n further range trading is expected until European open.

Despite yesterday's resumption of decline from Monday's 1.1550 high to 1.1439 at European open, price rebounded to 1.1486 as retreat in Italian bond yields triggered short covering.
Although euro fell back to 1.1450 after the EU Commission rejected Italy's contentious 2019 budget as expected, intra-day usd's weakness due to selloff in U.S. stocks at the open sent price hitting session highs of 1.1494, however, price quickly retreated as the Dow erased initial steep losses and rebounded strongly.

As long as 1.1494 holds, consolidation with downside bias remains for re-test of Oct's bottom at 1.1432 and stops below 1.1430 are in focus.
Offers are tipped at 1.1480/90 with stops above 1.1500, some bids are noted at 1.1450 with fairly large stops touted below 1.1430.

On the data front, today is PMI day in the euro area countries, France will kick off with bus. climate, Markit mfg and services PMIs, then the same PMIs from Germany n the EU, Italy will release trade balance.

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

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

USD/JPY - 112.10.. Dlr finally stages a recovery on short covering after yesterday's selloff which started in New York open at 112.74 to as low as 112.10 in New York afternoon as a near 2.5% drop in the Dow triggered safe-haven yen buying and knocked the benchmark U.S. 10-year yield to a 2-week low of 3.094% (currently 3.111%).

Having said that, dlr's intra-day break of Tuesday's 111.95 low signals early correction from October's 4-week trough at 111.63 has ended at 112.89 (Monday) and recent decline would head to next daily obj. at 111.12 and if global stocks continue their recent losing streak in the coming days, then re-test of September's bottom at 110.38 is in the cards. Therefore, selling dlr on present recovery for re-test of 111.63 1st is recommending.
Offers are tipped at 112.20/30 with stops above 112.75 whilst some bids are noted at 111.85/80 with stops reported below 111.60.

U.S. will release a slew of eco. data starting with weekly jobless claims, durable goods order, trade balance, wholesale inventories, pending home sales and Kansas City Fed mfg index. We also Fed's Vice Chairman Clarida speaking in Washington D.C. near New York midday.

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

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

USD/JPY - 112.29.. Trading the pair proved to be 'tricky' this week as price has swung wildly in last 4 consecutive sessions. Despite initial gain to an 11-day high of 112.89 on Monday, price ratcheted lower to 111.82 initially yesterday in Asia due to selloff in global stocks, however, broad-based recovery in Asian and U.S. equities in Thursday's session boosted short-term risk appetite and lifted price to 112.67 in New York afternoon.

Dlr's intra-day retreat to 112.28 at Tokyo open due to renewed safe-haven yen buying on later retreat in U.S. stocks towards the close and present weakness in the S&P 500 mini futures suggests we're not out of the woods as risk remains. Therefore, dlr is expected to continue to 'gyrate' inside recent established 111.63-112.89 broad range n traders will take cur from intra-day swings in global stocks.
Offers are tipped at 112.50/60 n more above with stops reported above 112.90.
Bids are noted at 112.20/20 are with stops below 111.80 n there is market chatter of fairly large stops below 111.50.

Alhtough it is T.G.I.F. for Asian traders, Euroepan and N. American players have to pay attention to release of key U.S. advance Q3 GDP, PCE and core PCE at 12:30GMT n then University of Michigan consumer confidence.
If Q3 GDP comes in weaker than street forecast of 3.3% (prev. at 4.2%), then U.S. stocks would come under another boot of bashing, then dlr/yen will..... (you should know which way the pair is headed to, if not, just follow our intra-day usd/yen strategy !).

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AceTraderFx Oct 29: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 111.83.. Dlr moves narrowly in subdued Asian morning after rebounding from Friday's 5-week bottom of 111.38 to 112.09 in hectic New York trading.

Despite Friday's resumption of last week's decline due to renewed weakness in global stocks, intra-day brief recovery in U.S. stocks triggered active cross-unwinding in recent long yen positions and lifted the pair to 112.09 before retreating as U.S. equities relinguished its short-lived gains (the Dow closed down just over 1% at 24688).

U.S. S&P 500 mini futures are largely flat in Asia whilst Asian stocks are mixed (N225 up 0.5% but Chinese stocks are in the red), suggesting range trading is the order of the day.
Bids are noted at 111.70-60 with stops below 111.30, offers are tipped at 112.05/10 with stop above 112.20.

U.S. will release important Fed's preferred inflation gauge, the personal consumption expenditure for September core PCE, personal income n then Dallas Fed mfg business index. Also, we have Chicago Fed President Evans (non-voter) making opening remarks an event at 13:45GMT in Chicago.

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

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

USD/JPY - 112.65.. Despite dlr's retreat from Monday's high of 112.56 to 112.19 in New York due to renewed weakness in the Dow after Bloomberg reported (see early update for details) Trump would impose another round of tariffs on China if his meeting with China's Xi in December fail to resolve the trade war, the pair regained traction in Asian morning as intra-day recovery in the Nikkie and Chinese stocks has triggered another bout of yen selling, suggesting near term upmove from Friday's 5-week low at 111.38 may head towards last week's high at 112.89 before prospect of another fall.

Having said that, as dlr's said rebound from 111.38 is seen as a correction of decline from October's 114.55 peak, reckon upside would falter well below 113.00 and yield decline later this week.
For now, bids are noted at 112.30-20 with stops below 112.00. Offers are tipped at 112.75/85 with stops above 113.00.

On the eco. front, U.S. will release Redbook sales, CaseShiller home price and consumer confidence. Also, the BoJ starts its 2-day monetary policy meeting today.

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

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

USD/JPY - 113.21.. The greenback met renewed buying ahead of Tokyo open yesterday at 112.31 and climbed steadily in Asia as rebound in the Nikkei and Chinese stocks boosted risk sentiment. Price later rallied to a near 3-week high of 113.09 in New York after upbeat U.S. data as well gain in U.S. equities and rising Treasury yields, the pair met another boot of buying in Australia and hit a 3-week top of 113.33 in Asia due to broad-based gain in Asian equities.

Yesterday's close above last week's 112.89 high bodes well for dlr to continue early upmove from Friday's 5-week low at 111.38 as such price action strongly suggests correction from October's near 11-month peak at 114.55 has ended, therefore, buying dlr on dips is recommended especially after the dlr's index rise to a 16-month high on Tuesday.
Bids are noted at 113.05/00 n more below with stops below 112.65.
Offers are tipped at 113.35/40 with some stops touted above there.

The BoJ will end its 2-day monetary meeting n will make its rate decision n policy statement which usually comes during Tokyo lunch session, as usual, market does not expect the Central bank to do anything due to Japan's inflation remains anchored well below BoJ's 2% inflation target n today's very downbeat Japan's industrial production data suggests BoJ Gov. Kuroda will continue to sound dovish at his post-BoJ press conference at 06:30GMT.
Today is the final trading day in Oct and U.S. will release MBA Mortgage applications, then key ADP private payrolls, Chicago PMI.

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AceTraderFx Nov 01: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.92.. Despite dlr's resumption of near term upmove from Friday's 5-week trough at 111.38 to 113.33 initially at Tokyo open on Wed, then marginal gain to 113.39 at New York open on robust U.S. ADP private payrolls, profit taking emerged and price fell back to 112.81 near New York close.

The pair remained on the back foot in Australia today and briefly fell to 112.72 in Asian morning due to broad-based usd's retreat triggered by intra-day jump in cable (see early updates for details), however, renewed buying soon emerged and lifted price to 112.95.

As dlr's said strong rise from 111.38 to 113.39 signals recent decline from October's 114.55 peak has ended there, trading the pair from long side is recommended.
Bids are noted at 112.75-70 with stops reported below 112.55.
Offers are tipped at 113.10/20 with stops above 113.40.

Ahead of Friday's key U.S. jobs data, U.S. will release initial weekly jobless claims, labor and productivity costs.
Markit mfg PMI, construction spending and ISM mfg PMI.

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

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

EUR/USD - 1.1396.. Euro pares yesterday's rally from 1.1308 (AUS) to as high as 1.1424 in New York due to broad-based usd's weakness on active liquidation of long positions as well as cutting of euro shorts too.

Looks range trading below 1.1424 would continue until European open, however, as the rebound from Wednesday's 2-/2 month trough at 1.1303 suggests recent decline has made a low there, steep fall even if U.S. payrolls number is upbeat is unlikely to be seen, so one can turn long on dips. On the upside, if euro is able to penetrate previous strong res at 1.1432, then outlook would turn bullish for stronger retracement towards 1.1477, and later 1.1494.
Offers are tipped at 1.1420/30 with stops touted above 1.1435.
Bids are noted at 1.1380-70 with stops below 1.1360.

Ahead of key U.S. jobs data, the euro area countries will release a slew of eco. data starting with Germany's import price, France's budget balance, Italy's Markit mfg PMI, then the same from France, Germany and the EU - this means it's PMI day in the EZ.

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

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

USD/JPY - 113.19.. The pair regained traction in Friday's trading n ratcheted higher from 112.56 (AUS) to 113.10 in European morning, then to session highs of 113.31 in post-NFP New York after robust U.S. jobs data.

Friday's gain to 113.31 suggests re-test of last week's 113.39 (Wednesday) would be seen after consolidation due to renewed usd's broad-based strength, break there would encourage for gain to 113.52, then 113.75/80. Therefore, buying the greenback on dips is recommended.
Bids are noted at 113.10-00 n more below with stops below 112.80-75.
Offers are tipped at 113.30/40 with stops reported above there.

The N. American market has pushed their clock backward by an hour on Sun, so European traders can enjoy a longer lunch break. Today is PMI day, U.S. will release Markit services PMI and then ISN non-mfg PMI.

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