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

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AceTraderFx Dec 07 : Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.70.. Dlr moves narrowly in subdued Asian morning after yesterday's volatile trading. The pair fell in Australia on Thursday from 113.20 to 112.58 on active safe-haven yen buying due to selloff in Asian stocks in reaction to intra-day brief but a sharp 1.9% drop in US stock futures.

Despite staging a short-covering rebound to 113.15 and market optimism over US/China trade talk, continued weakness in Asian and European equities knocked price lower and dlr hit a 6-week trough of 112.24 on falling US yields (benchmark 10-year hit 3-month low of 2.826%) n downbeat U.S. data where U.S. October's trade deficit jumped to a 10-year high.
However, the pair later pared intra-day losses as the Dow staged a late rally after tanking 785 points down from Tuesday's close after the Wall Street Journal reported Fed is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month.
The report also said Fed officials do not know what their next move on rates will be after December.

Expect relative calm in Asian equities suggests range trading is the order of the day in Asia n European morning as market anxiously awaits release of the world's most important eco. dat, the U.S. NFP at 13:30GMT.
Bids are noted at 112.60-55 with stops below 112.20.
Offers are tipped at 112.75/80 n more above with stops reported above 113.25/30.

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AceTraderFx Dec 10 : Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.28.. Despite initial narrowly trading in New Zealand, the pair fell on safe-haven yen buying due to renewed weakness in U.S. stock futures n price dropped to 112.24 on intra-day broad-based fall in Asian stocks (N225 currently down 2.21% at 211968 and HSI down 1.67% n Shanghai composite down 0.71%).

Intra-day weakness n then re-test of Thursday's 1-month low at 112.24 suggests recent decline would head to 111.92 after consolidation, however, loss of momentum would keep dlr above 111.63. Therefore, whilst selling on recovery is favoured, profit should be taken on subsequent fall.
Offers have been lowered to 112.40/50 with stops above 112.75.
Some bids are noted at 112.25-20 with stops below there.

After Fri's market moving U.S. jobs data, the only eco. data due out in the U.S. is JOLTS job openings, therefore, traders will take cue from U.S. stock movements.

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AceTraderFx Dec 11 : Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 113.03.. Dlr pares yesterday's impressive rally and retreats to 113.01 in Asian morning due partly to intra-day pullback in the usd vs other G7 following Monday's broad-based gain in New York.

Despite yesterday's initial re-test of last Thursday's 1-month trough at 112.24 on weakness in Asian stocks, renewed buying emerged n lifted the pair, price then climbed steadily on cross-selling in yen and later rallied to as high as 113.36 near New York close as the Dow rose 764 points after tumbling over 500 points initially. Dlr' intra-day retreat in Asia indicates range trading is in store but expected usd's strength suggests buying on dips is favoured.
Bids are noted at 113.05-10 with stops below 112.90 whilst offers are tipped at 113.25/35 with stops above 113.40/45.

On the data front, U.S. will release November PPI. core PPI n then Redbook sales.

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AceTraderFx Dec 12: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 113.44.. Dlr resumed Mon's impressive rally to 113.47 in New York yesterday after Trump's upbeat comments in New York morning about contacts with China as the two countries discussed a road map for the next stage of their trade talks.

Despite dlr's retreat to 113.25 on profit taking in late New York trade, the pair met renewed buying at Tokyo open after more positive comments by Trump on US/China trade talks and hit an 8-day high of 113.52. Expect consolidation with upside bias for dlr to head to 113.70 n some stops above last week's high at 113.85 (Monday) are now in focus.
Therefore, trading dlr from long side is still recommended. Bids are noted at 113.30-25 and more below with stops below whilst offers are tipped at 113.60/70 with stops above 113.85.

U.S. will release important Nov core CPI, CPI, real weekly earnings in New York morning n later Federal budget.

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AceTraderFx Dec 13: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1368.. Although euro remained on the back foot in Asian trading yesterday after this week's selloff from 1.1443 (Monday) to 1.1306 on Tuesday, intra-day strong bounce in cable lifted the pair to 1.1364 and price later ratcheted higher to session highs of 1.1388 in New York afternoon on news that Italy had lowered its deficit target for 2019 fiscal year to 2.04 percent of GDP from originally proposed 2.4% and market expected this revived budget would be accepted by the European Commission.

Intra-day narrow move in Asia suggests consolidation is in store ahead of European open n upside bias remains for gain to 1.1400, break there would bode well for euro towards 1.1443 form a technical perspective but market may not do that ahead of ECB's monetary policy announcement at 12:45GMT and then ECB Draghi's press conference which always causes euro to swing wildly during Draghi's speech n Q&A session.
For now, bids are noted at 1.1360-50 with stops below 1.1330 n more stops are reported below 1.1300.
On the upside, offers are tipped at 1.3385/95 with stops above 1.1400.

Euro area countries will release a slew of eco. data, please refer to our EI section for details. Market is paying attenttion to today's EU summit on budget and Brexit, so keep an eye out on officials' comments as well as news headlines.

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

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

USD/JPY - 113.46.. Despite yesterday's gain to a 9-day high of 113.71 in New York morning on renewed usd's strength due to modest minor gains in U.S. stocks n treasury yields, dlr fell in Asia as renewed weakness in Asian equities after release of downbeat China industrial production and retail sales triggered safe-haven yen buying, suggesting range trading is in store ahead of European open.

Having said that, usd's intra-day firmness vs other major currencies (esp. vs commodity currencies) suggests trading the greenback from long side is the way to go for re-test of last week's 113.85, however, reckon res at 114.04 should cap upside today.
Bids are noted at 113.40-35 with stops below 113.10 and more below 113.00.
Offers are tipped at 113.75/85 with stops above there.

T.G.I.F., U.S. will release a slew of eco. data starting with Nov retail sales, industrial prod., mfg. output, capacity utilization, Market mfg n services PMIs and bus. inventories.

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AceTraderFx Dec 19: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.45.. Despite initial brief break of previous December's 112.24 low to a 6-week trough of 112.19 after tripping stops below said sup, lack of follow-through selling quickly prompted broad-based unwinding of yen crosses and lifted price to 112.49, suggesting recent decline has made a temporary low there.

Having said that, falling US. Treasury yields where benchmark 10-year hovering around intra-day fresh 6-month low at 2.799% suggests selling dlr on corrective rebound is the way to go for weakness towards 111.38 (Oct low) as market is anticipating a dovish hike from the Fed later today.
Offers are tipped at 112.55/65 with stops above 112.90.
Some bids are noted at 112.20-00 with stops reported below there.

On the data front ahead of Fed's rate decision n Fed Chair J. Powell's post-FOMC presser, U.S. will release MBA mortgage applications, current account and exiting home sales.

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AceTraderFx Dec 19: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.45.. Despite initial brief break of previous December's 112.24 low to a 6-week trough of 112.19 after tripping stops below said sup, lack of follow-through selling quickly prompted broad-based unwinding of yen crosses and lifted price to 112.49, suggesting recent decline has made a temporary low there.

Having said that, falling US. Treasury yields where benchmark 10-year hovering around intra-day fresh 6-month low at 2.799% suggests selling dlr on corrective rebound is the way to go for weakness towards 111.38 (Oct low) as market is anticipating a dovish hike from the Fed later today.
Offers are tipped at 112.55/65 with stops above 112.90.
Some bids are noted at 112.20-00 with stops reported below there.

On the data front ahead of Fed's rate decision n Fed Chair J. Powell's post-FOMC presser, U.S. will release MBA mortgage applications, current account and exiting home sales.

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AceTraderFx Dec 20: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1380.. Although euro is currently trading roughly where its was at 24 hours ago, price went through a roller-coaster rise in hectic Wed's trading. Price met buying interest at 1.1361 in Australia on Wednesday and climbed erratically to session highs of 1.1440 in New York morning but only to tumble to 1.1365 after Fed's rate hike n less dovish FOMC statement.

Euro's decline from 1.1440 suggests choppy trading below last week's high at 1.1443 would continue and intra-day usd's strength vs other G7 currencies signals downside bias remains.
Offers are tipped at 1.1390/00 and more above with stops reported above 1.1445.
Some bids are noted at 1.1365-55 with stops touted below 1.1330.

Eco. calendar is pretty light with Italy's PPI and EU's current account being the only data due at 09:00GMT.

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AceTraderFx Dec 21: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1452.. Euro trades narrowly in quiet Asian morning as yesterday's intra-day 'wild' swings in volatile New York session have deterred Asian traders from buying the euro despite Thursday's initial gain to a 5-week high of 1.1486 in European morning, however, selloff in U.S. stocks triggered intra-day brief but sharp rebound in the usd and knocked the pair to 1.1403 before another bout of buying interest emerged and lifted price back up to 1.1485.

Despite yesterday's choppy swings, euro's break of prev. key daily res at 1.1472 confirms recent erratic rise from 2018 bottom at 1.1216 (November) has finally resumed n price is en route to next chart obj. at 1.1500, then 1.1550 next week.
Therefore, buying euro on dips is recommended.
Bids are noted at 1.1420-00 area with stops below there whilst offers are tipped at 1.1480/00 area with stops reported above 1.1500.

The euro area countries will release some eco data starting with Germany's Gfk consumer confidence, import and export price, then France's eco. climate, consumer spending, final GDP n PPI and Italy's business n cosumer confidence. ECB's Vice President will deliver a speech in Mardid at 11:00GMT.

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