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

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

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

EUR/USD - 1.1378.. Euro gains respite in holiday-thinned quiet trading in Asia after Friday's intra-day selloff from 1.1475 (Europe) to as low as 1.1355 as renewed weakness in the Dow triggered safe-haven usd and yen buying.

Although price is expected to move sideways until European opening, as Fri's weakness to 1.1355 suggests recent erratic upmove has made a top at Thursday's 5-week peak at 1.1486, consolidation with downside bias remains for further weakness esp in New York session due to early close of European markets for the Xmas break.

Order book is pretty light on this holiday-shortened week with some offers tipped at 1.1385/95 n stops above 1.1400/10.
Some bids are noted at 1.1355-50 with stops below 1.1330.

No eco. data is due out from euro area countries n expect trading to be thin as many traders will take long Xmas lunch breaks and dealing operation will end earlier today.

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

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

USD/JPY - 110.98.. Despite Wed's impressive rally in holiday-thinned New York trading from 110.29 to as high as 111.40 due to active yen-selling on return of risk appetite after a near 5% jump on Wall Street, the greenback pares intra-day gain and retreated to 110.90 in Asia as traders remain cautious on yesterday's Dow-led rally.

Intra-day retreat suggests dlr's 1st leg of correction from Tuesday's fresh 4-month bottom at 110.00 has ended and choppy sideways swings are in store, so one can buy usd on dips or sell on next leg of corrective rise. Order book is pretty thin in post-X'mas holiday trading.
Bids are noted at 110.85-75 with stops below 110.65 while offers are tipped at 111.35/45 with stops reported above 111.50.

On the data front, U.S. will release initial weekly jobless claims, building permits, monthly home price, consumer confidence n new home sales.

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

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

USD/JPY - 110.67.. Despite dlr's strong rebound from 110.46 to 111.10 yesterday due to a late rally in U.S. stocks where the Dow fell 600 points in New York before a bout of buying emerged in afternoon trading n sent price sharply higher n closed up by 260 points at 23138, the pair remained on the back foot in Asian morning on Fri due to broad-based usd's weakness even vs the 3 commodity currencies.

Dlr's intra-day weakness suggests early correction from Tuesday's fresh 4-month trough at 110.00 has possibly ended at 111.40 and choppy consolidation with downside bias remains but thin market condition has caused many intra-day choppy swings. Offers are tipped at 110.90/00 with stop above 111.10 whilst bids are noted at 110.5545 with stops below 110.40, more stops are reported below 110.00.

T.G.I.F. but U.S. will release a slew of eco. data which will cause more price swings starting with trade balance, wholesale inventtories, then Chicago PMI, new home sales n pending home sales.

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

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

USD/JPY - 110.36.. Dlr gains respite on this final trading day of 2018 in holiday-thinned Asian morning after Friday's fall from 111.04 (AUS) to as low as 110.15.

Japan, Singapore and other Asian centres are closed for bank holiday today (many European centres are also closed), suggesting range trading above last Tuesday's fresh 4-month trough at 110.00 would continue and week's reportedly constructive telephone talk between U.S. Trump and China's Xi on trade issues should calm both equity and forex market, therefore, range trading is the name of the game this Monday.
Order book is pretty thin with some offers touted at 110.45/55 with stops above 110.60, a mixture of bids n stops is reported at 110.00-109.95.

The only eco. data due out later today in the U.S. is Dallas Fed mfg business index for Dec. Happy New Year !

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AceTraderFx Jan 02: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
02 Jan 2019 03:30GMT

USD/JPY - 109.62.. The pair started the official 1st trading day in 2019 on the back foot in holiday-thinned Asian morning (Japanese markets are closed for Bank holiday until Fri), hovering just above Monday's 6-month trough of 109.57 (New York low) as U.S. govt. shut down as well as falling U.S. Treasury yields (benchmark 10-year hit a near 11-month low of 2.679%, circa 2.686%) have triggered broad-based safe-haven yen buying.

Monday's break of previous December's 110.00 low (now res) confirms recent downtrend has resumed and price is en route to next chart obj. at 109.20, however, near term loss of downward momentum is likely to keep price above 108.73.
Therefore, whilst selling dlr on intra-day recovery is the way to go, profiit should be taken on subsequent fall.

On the eco. data front, U.S. will release Redbook sales and then Dec Markit mfg PMI.

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

Intra-Day Market Moving News and Views
03 Jan 2019 03:00GMT

USD/JPY - 107.53.. Despite moving narrowly in subdued Australian trading, the pair tumbled from 108.91 to as low as 104.79 as sales warning by i-phone giant Apple sent U.S. stock futures lower and triggered a flash crash on the dlr to a 9-month low.

Traders cited massive stop loss buying of yen vs usd, aud, nzd, euro and sterling by Mrs Watanabe (Japanese retail clients who used to thrive on yen carry trades) as well as also trading being the reason for the intra-day flash crash on the pair. Having said that, as dlr has pared intra-day loss n rebounded to 107.86, suggesting recent downtrend has made a low there and price should 'gyrate' above this low probably for rest of this month, so range trading is the way to go but traders obviously would want to sell the dollar for another downside test.

As Japanese financial markets are still closed for Bank holiday until Friday, order book is very light with offers tipped at 107.75/95 and stops above 108.00.

Ahead of Fri's key jobs report, U.S. will release a slew of eco. data starting with building permits, ADP private payrolls, trade balance, jobless claims, wholesale inventories, ISM New York index, new home sales, construction spending n ISM mfg PMI.

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

Intra-Day Market Moving News and Views
04 Jan 2019 03:00GMT

USD/JPY - 107.74.. Dlr is maintaining a relatively steady posture in subdued Tokyo trading after yesterday's flash crash to a 9-month bottom at 104.79 due to thin liquidity in Australian morning.

The fact that price was able to erase almost the intra-day decline n ratcheted higher to 108.30 in New York session suggests recent downtrend has made a temp. low there and choppy sideways swings are expected in next few days.

Having said that, Thursday's global stock weakness where the Dow had shed 660 points and intra-day selloff in the Nikkie (cira 19251, down 3.8%) as well as falling U.S. yields where the benchmark 10-year is near a 12-month low at 2.5429% suggests consolidation with downside bias is in store but as Japanese financial markets are opened after 4 days closure due to bank holiday together with verbal warning on yen's volatility should prevent dlr from falling too much.
Offers are tipped at 107.90/00 with stops above 108.30 and bids are noted at 107.40-20 with stops below 107.00.

Market is awaiting release of key U.S. jobs report n also release of a slew of eco. data (please refer to our EI section for details). In addition, pay attention to Fed Chair J. Powell's comments where he will participate in panel discussion with his former predecessors, Janet Yellen and Ben Bernanke at 15:15GMT in Atlanta.

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

Intra-Day Market Moving News and Views
07 Jan 2019 03:30GMT

USD/JPY - 108.22.. Although the pair extended its Fri's gain to climbed to 108.74 in thin New Zealand trading as rally in U.S. stocks after Fed J. Powell dovish comments (his remarks to the American Economic Association that the Fed is sensitive to market risks that worry investors and is not on a preset path of interest rate hikes) boosted risk appetite and led to broad-based yen selling.

Having said that, dlr's intra-day retreat ahead of Tokyo lunch hour due to broad-based usd's weakness suggests intra-day top has possibly been made and consolidation with downside bias is seen for a retracement of the impressive rally from last Thursday's 9-month bottom at 104.79. Offers are tipped at 108.40/50 with stops above 109.75. Some bids are noted at 108.00-107.80 area with stops touted below there.

Later today, pay attention to release of of a slew of U.S. eco. data starting with building permits, trade balance, wholesale inventories, durable goods, factory orders, ISM non-mfg PMI, new home sales n construction spending. Also Atlanta Fed President Bostic (non-voter) will speak on the economic outlook and monetary policy at the Rotary Club of Atlanta at 17:40GMT.


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AceTraderFx Jan 08: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
08 Jan 2019 03:30GMT

EUR/USD - 1.1450.. Euro pares yesterday's rally from 1.1393 (New Zealand) to as high as 1.1484 in New York due to renewed usd's weakness (except vs the yen). Although price maintained a firm undertone in Australian morning and climbed marginally higher to 1.1485 after Asian open, broad-based profit taking in euro vs usd, yen, gbp and chf knocked price to 1.1442 in Asia, suggesting range trading would continue until European open.

As euro's rally on Mon to 1.1485 today suggests correction from last Wednesday's 7-week peak at 1.1497 has ended earlier at 1.1310 (Thursday), outlook remains bullish for re-test of said res, then option barrier at 1.1500 where a break there would bode well for euro to head towards next daily chart obj. at 1.1550.
Bids are noted at 1.1440-1.1430 with stops below there.
Offers are tipped at 1.1475/95 with stops above 1.1500.

The euro area countries will release a slew of eco data starting with Germany's industrial output, France's current account, trade balance, import n export price, then we have EU's business climate, eco., industrial n services sentiment index n consumer confidence index.

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

Intra-Day Market Moving News and Views
09 Jan 2019 03:30GMT

USD/JPY - 108.82.. Dlr moves sideways but with a firm bias in relatively subdued Asian trading after yesterday's strong retreat from Asian 109.09 high to 108.44 due to cross unwinding in yen cross, however, gain in U.S. stocks (the Dow closed up 1% at 23787) has triggered renewed cross-selling in yen and price climbed to 108.87 in Australia.

Intra-day firmness suggests pullback from 109.09 has ended n re-test of this res is envisaged after consolidation, however, reckon res at 109.45 should cap dlr's upside today. Bids have been raised to 108.70/60 with stops below 108.40.

U.S. will release a slew of eco. data later today starting with trade balance, wholesale inventories, durable goods order, factory orders, new home sales, construction spending and last but not least, FOMC minutes (19:00GMT).

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