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

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AceTraderFx Feb 26: Intra-Day News and Views & data to be released today-USD/JPY

Intra-Day Market Moving News and Views
Update Time: 26 Feb 2019 03:00GMT

USD/JPY - 110.99... The greenback took a breather after yesterday's spectacular rally and retreated at Asian open to 110.97 in Tokyo morning. Dlr ratcheted higher in Europe yesterday and intra-day ascent accelerated at New York midday n rose to session highs at 111.23 on broad-based selling in JPY on improved risk appetite. However, lack of follow-through buying triggered profit taking and price retreated.

Dlr's break of Feb's 6-week peak at 111.13 signals erratic upmove from January's trough at 104.79 has once again resumed, therefore consolidation with upside bias is retained.
Bids are now seen at 110.80/90 and more below at 110.60/70 with stops building up above there whilst initial offers are noted at 111.40/50.

Markett focus is now on Fed Chairman Powell's testimony before the Senate Banking Committee at 15:00GMT. In the wake of recent weaker-than-expected U.S. eco. data, traders are looking for hints on whether then central bank will consider any rate hikes this year, and if so, how many.

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AceTraderFx Feb 27: Intra-Day News and Views & data to be released today-EUR/USD

Intra-Day Market Moving News and Views
Update Time: 27 Feb 2019 03:00GMT

EUR/USD - 1.1383... The single currency found renewed buying in New York yesterday at 1.1346 after failure to penetrate European sup at 1.1345 n rallied in tandem with strong to session highs at 1.1402 in New York afternoon due to usd's broad-based weakness. However, lack of follow-through buying triggered profit-taking n price retreated to 1.1381 in Asian morning n continues to remain under pressure.

Euro's rise above prev. res at 1.1372 to 1.1402 yesterday signals upmove from February's low at 1.1234 has once again resumed and consolidation with upside bias remains for 1.1440/50.
Bids are now seen at 1.1370/80 and more below at 1.1350/60 with stops building up below there whilst initial offers are noted at 1.1450/60.

There is a slew of eco. data to be released from the euro area today. Pay particular attention to the release of EU business climate, economic sentiment n industrial sentiment at 10:00GMT.

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AceTraderFx Feb 28: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 28 Feb 2019 03:00GMT

USD/JPY - 110.89... The greenback came under selling pressure in Australia n retreated to 110.82 in Tokyo morning due to the early drop in Nikkei-225 index. Dlr rallied spectacularly yesterday from European low at 110.36 to session highs at 111.07 on rising U.S. Treasury yields together with caution over US/China trade talks.

Dlr's rally yesterday suggests pullback from Monday's high at 111.23 has ended at 110.36 and despite intra-day retreat, as long as sup at 110.67 holds, upside bias is retained.
Bids are now lowered to 110.70/80 with stops building up below there whilst initial offers are noted at 111.30/40.

There is a slew of U.S. eco. data due today but one should pay particular attention to the release of U.S. GDP at 13:30GMT. Street forecasts see the economy expanding at a slower rate of 2.3% vs previous reading of 3.4%.

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AceTraderFx Mar 01: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 01 Mar 2019 03:00GMT

USD/JPY - 111.63... The greenback took a breather after yesterday's rally to a fresh 2-month peak at 111.49 in late New York on upbeat U.S. GDP together with rising U.S. Treasury yields. However, dlr found renewed buying at 111.33 at Tokyo open n rose above said high in Asian morning to 111.68 on Fed's Powell's comments together with improved risk appetite after the release of upbeat China manufacturing PMI.

Intra-day rise above yesterday's high at 111.49 signals upmove from Jan's trough at 104.79 remains in progress and consolidation with upside bias remains. Bids are now seen at 111.40/50 and more below at 111.10/20 with stops building up below there whilst initial offers are noted at 112.00/10.

Pay attention to the release of U.S. ISM manufacturing PMI at 15:00GMT. Street forecast is for a drop to 55.5 fm prev. reading of 56.6.

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AceTraderFx Mar 04: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 04 Mar 2019 03:00GMT

USD/JPY - 111.98... The greenback has rebounded again ahead of Tokyo open on renewed optimism over US/China trade talks after opening lower and retreating to 111.73 (Reuters) in New Zealand. Dlr continues to trade with a firm bias in Tokyo morning on risk appetite after a report in the Wall Street Journal on Sun said that US n China could reach a formal agreement at a summit around March 27.

Intra-day firmness suggests consolidation with upside bias remains and above Friday's high at 112.07 would extend upmove from January's low at 104.79 towards 112.24/30 later.
Bids are now seen at 111.70/80 and more below at 111.50/60 with stops building up below there whilst initial offers are noted at 112.40/50.

U.S. will release construction spending MM for Dec at 15:00GMT. Street forecast is 0.2%, down from previous reading of 0.8%.

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AceTraderFx Mar 05: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 05 Mar 2019 03:00GMT

USD/JPY - 111.82... Although the greenback met renewed selling at 111.98 in New York morning yesterday and dropped to 111.64 in New York afternoon on active cross-selling in JPY, price pared its losses n rebounded to 111.94 in Tokyo morning today on usd's strength n continues to trade with a firm bias.

Dlr's rebound from yesterday's low at 111.64 suggests pullback from last Fri's high at 112.07 has ended and consolidation with upside bias remains for recent upmove from 104.79 (Jan) to resume and yield re-test of said res, therefore buying on intra-day dips is the favoured strategy with bids now seen at 111.65/75 with stops building up below there whilst initial offers are noted at 112.30/40.

Pay attention to the release of U.S. ISM Non-manufacturing PMI at 14:45GMT.
Street forecast is for an uptick to 57.2 from previous reading of 56.7.
Elsewhere, Minneapolis Fed President Neel Kashkari is set to give a testimony on "State Economic Conditions and an Overview of the Minneapolis Fed" before the Minnesota Senate Finance Committee, in St. Paul at 14:30GMT.

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AceTraderFx Mar 06: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 06 Mar 2019 03:30GMT

EUR/USD - 1.1300.. The single currency met renewed selling at 1.1340 (Reuters) ahead of New York open and resumed its recent losing streak, hitting a low at 1.1290 in New York afternoon due to usd's strength together with cross-selling of euro especially vs sterling.
However, price then staged a short-covering rebound to 1.1319 in Australia before retreating again.

Euro's fall to 1.1290 yesterday suggests downtrend from last Thursday's high at 1.1420 has resumed and consolidation with downside bias remains for another decline but initial bids at 1.1260/70 and 1.1240/50 should contain current fall and yield rebound later.

Pay attention to the release of U.S. ADP employment at 13:15GMT.
Street forecast is a for a drop in the private sector to 189k from previous reading of 213k.

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AceTraderFx Mar 07: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 07 Mar 2019 03:30GMT

EUR/USD - 1.1306... The single currency proved quite tricky to trade yesterday as despite initial gain to 1.1310 in early Europe, price spiked down to a 2-week trough at 1.1286 at New York open on upbeat U.S. ADP data and a Bloomberg report that said the ECB would reduce its outlook on inflation n is in discussions on a new loan program.
However, lack of follow-through selling triggered short-covering and price rallied to 1.1326 (Reuters) at New York midday before retreating again.
Euro met renewed selling at 1.1316 at Asian open and continues to ratchet lower in Asian morning today.

Euro's retreat from 1.1326 after rally from 1.1286 suggests the recovery has ended there and consolidation with downside bias remains for decline from last Thursday's peak at 1.1420 to resume.
Offers are now seen at 1.1310/20 and more above at 1.1330/40 with stops building up above there whilst initial bids are noted at 1.1240/50.

Mkt focus is on the ECB today. Although no change is expected in its interest rate (0.00%), traders shud keep an eye on President Mario Draghi's press conference at 13:30GMT for his outlook on inflation and rates.

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AceTraderFx Mar 08: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 08 Mar 2019 03:00GMT

USD/JPY - 111.50... Although the greenback briefly spiked up to session highs at 111.86 at New York open yesterday, price dropped to session lows at 111.48 on risk-averse buying in JPY before staging a rebound to 111.69 near New York closing.
However, dlr met renewed selling at Asian open today and dropped sharply to 111.45 in Tokyo morning due to the the selloff in Nikkei-225 (currently down by 325 points or 1.51%) and China stocks (Shanghai Comp. down 2.5%) and continues to remain under pressure.

Usd's intra-day break of yesterday's low at 111.48 suggests decline from Tuesday's 10-week peak at 112.14 remains in progress and marginal weakness is seen, however, bids at 111.30/40 and more below at 111.20/30 should contain downside and yield rebound later.

Market focus is on the release of U.S. jobs report at 13:30GMT. Street forecasts for NFP and average earnings mm are 180k and 0.3% vs previous readings of 304k and 0.1% respectively.

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AceTraderFx Mar 11: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 11 Mar 2019 03:00GMT

USD/JPY - 111.10... Dollar remained under pressure in early trading today n dropped to session lows at 110.88 at Asian open on risk-averse buying in JPY, however, failure to penetrate Friday's post-NFP low at 110.79 triggered short-covering and the greenback staged a rebound to 111.12 in Tokyo morning. Price showed muted reaction to Fed Chairman Powell's comments earlier, where he reiterated that the central bank will remain patient in it's rate-setting policy.

Usd's intra-day weakness after Friday's fall to 110.79 suggests decline from last Tuesday's 10-week peak at 112.14 has resumed, therefore consolidation with downside bias is envisaged.
Offers are now seen at 111.20/30 and more above at 111.50/60 with stops building up above there whilst initial bids are noted at 110.30/40.

Pay attention to the release of U.S. retail sales and retail sales ex-autos at 13:30GMT.
Street forecasts are 0.1% n 0.3%, up from previous readings of -1.2% n -1.8% respectively.

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