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

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

Intra-Day Market Moving News and Views
Update Time: 06 Aug 2019 03:00GMT

USD/JPY - 106.10.. Although dlr easily penetrated Monday's 105.80 low to a fresh 7-month bottom of 105.53 in August on active safe-haven yen buying due to continued U.S.-China trade tensions, price then jumped to 106.38 in Asian morning after PBOC sets Chinese yuan mid-point at weakest level since May 20, 2008 (6.69683/dlr).

Dlr's intra-day gain from 105.53 suggests Medium Term decline has made a temporary bottom there and stronger retracement to 106.52 may be seen, above would yield further headway towards 106.85/95 before prospect of another fall later.
Offers are tipped at 106.50/60 with stops above 106.80 while bids are noted at 105.80/85 with stops below 105.50.

Pretty light on the U.S. economic calendar today with redbook and JOLTS job openings.
Also, we have Philadelphia Fed President Patrick Harker who will be giving introductory remarks before a euro economics and financial decision making conference at 14:05GMT and St. Louis Fed President James Bullard will be giving a presentation on the U.S. economy and monetary policy at 17:05GMT.

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

Intra-Day Market Moving News and Views
Update Time: 07 Aug 2019 03:00GMT

EUR/USD - 1.1217.. The single currency's strong rebound after yesterday's fall from 1.1249 to 1.1168 suggests pullback has ended n consolidation would be seen before prospect of another upmove later today.

Although euro's rally from last Thursday's 26-month trough at 1.1028 to 1.1249 yesterday suggests Medium Term decline has made a temporary low, subsequent retreat to 1.1168 signals 1st leg of correction has ended n consolidation with upside bias remains for further headway to 1.1285 but 1.1311/21 should hold n yield retreat.
Bids are noted at 1.1190-80 with stops below 1.1160.
While offers are tipped at 1.1280/85 with stops above there.

The euro area counties will release a slew of eco. data starting with Germany industrial output followed by France industrial output, non-farm payrolls, current account, trade balance, imports, exports.

Economic calendar is quite light today with Germany industrial order followed by France non-farm payrolls and industrial output. We also have Executive Board member of ECB Benoit Coeure due to speak at 07:30GMT.

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

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

USD/JPY - 106.13.. Dlr briefly jumped to 106.27 after PBOC set its mid-point USD/CNY rate above the 7.0000 level (7.0039) to the first time since 2008.

Despite yesterday's intra-day selloff from 106.32 in Asia on selloff in the kiwi and aud, then a brief break of Tuesday's 105.53 low to a fresh 7-monthh trough of 105.50 shortly after New York open when U.S. Trump said the Fed must cut rates "bigger and faster" for the U.S. to be competitive against other countries in his tweet, subsequent rebound to 106.27 ahead of New York close due to rally in U.S. yields (benchmark 10-year surged from a 33-month low of 1.5947% to 1.7359) and rebound in the Dow suggests temporary low has been made n choppy trading with upside bias is in store.
Bids are noted at 106.10-00 n more below with stops below 105.80 while offers are tipped at 106.25/30 with stops above 106.35.

On the data front, U.S. will release the usual weekly jobless claims and then wholesale inventories n wholesale sales data.

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AceTraderFx Aug 09: Intra-Day News and Views & data to be released today - USD/JPY

Intra-Day Market Moving News and Views
Update Time: 09 Aug 2019 03:00GMT

USD?JPY - 105.99.. Despite initial weakness ahead of Tokyo open after intra-day break of yesterday's low at 105.90 (New York) to 105.73 in Australia due to renewed safe-haven yen buying, dlr pared losses in early Asian trading and rebounded after China's central bank (PBOC) lowered its official yuan mid-point fixing rate for 7 consecutive sessions to a fresh 11-year low of 7.0136 (yesterday's fixing was 7.0039), however, as the latest fixing rate was not as weak as markets had expected, traders sold yen broadly on profit taking.

Dlr's intra-day rebound from 105.73 suggests further choppy trading above Wednesday's fresh 7-month bottom at 105.50 would continue and near term upside bias is seen for recovery to yesterday's 116.30 top (reaction high) and stops above 106.35 are in focus. Therefore, buying the pair on dips is cautiously favoured.
Bids are noted at 105.90-70 with stops below there and more stops are reported below 105.50.
While offers are tipped at 106.20/30 with stops touted above 106.35.

T.G.I.F. for the Asian traders as a tumultuous week where a lot of intra-day wild moves occurred in Australia n Asian morning. Later today, U.S. will release final PPI for Jul, so traders will likely to take cue from intra-day move in U.S. yields n the Dow for trading.

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AceTraderFx Aug 12: Intra-Day News and Views & data to be released today - USD/JPY

Intra-Day Market Moving News and Views
Update Time: 12 Aug 2019 03:00GMT

USD/JPY - 105.51.. Although the pair staged a minor recovery to 105.69 in Australia on Monday, price quickly fell due to broad-based yen buying n hit a low of 105.32 ahead of Asian open, price pared intra-day losses after the official USD/CNY mid-point fixing rate was set at 7.0211 vs Friday's close of 7.0615.

Looks like range trading above Friday's fresh 7-month low at 105.27 (New York) would continue as Japanese markets are closed for Mountain Day holiday and many other Asian centres are also closed for local holiday too.
Bids are noted at 105.30-20 with stops below there and more below 105.00.
While offers are tipped at 105.65/70 n more above with stops above 106.00.

On the economic calendar, no data is due out from the U.S. today, we have U.S. Federal budget due out at 18:00GMT, therefore, funds flow will have a greater impact on intra-day price swings.

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AceTraderFx Aug 13: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 13 Aug 2019 03:00GMT


USD/JPY - 105.55.. Dollar gained respite in Asian trading on Tue after staging a rebound from yesterday's fresh 7-month trough of 105.06 ahead of New York open, however, short covering later lifted price to 105.43 in New York and price edged higher ahead of Tokyo lunch break after tripped stops above 105.45.

Although intra-day gain suggests recent downtrend has made a temporary low n range trading with near term upside bias is seen.
Offers at 105.65/70 are likely to cap present rise and yield decline later today.
For now, bids are noted at 105.35-25 and more below with stop below 105.00.

On the data front, U.S. will release a slew of eco. indicators starting with Jul core CPI, CPI, real weekly earnings and Redbook sales.

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AceTraderFx Aug 14: Intra-Day News and Views & data to be released today - EUR/USD

Intra-Day Market Moving News and Views
Update Time: 14 Aug 2019 03:00GMT

EUR/USD - 1.177.. Euro remains on the back foot in subdued Asian morning as the Japanese took centre stage following yesterday's rally vs the usd in New 3York on upbeat U.S.-China trade news n then today's release of downbeat China data.

Despite yesterday's bounce from 1.1183 (Asia) to intra-day high of 1.1228 shortly after New York open, usd's broad-based rally vs G4 currencies following said positive U.S.-China trade news knocked the euro to session lows of 1.1171, suggesting further choppy trading below Aug's 1.1249 high would continue n present softness suggests consolidation with downside bias remains.
Offers are tipped at 1.1190/00 n more above with stops reported earlier above 1.1250.
While bids are noted at 1.1170-60 with stops below there.

The euro area countries will release a slew of eco. data starting with France's unemployment, Germany's prel. Q2 GDP, France's CPI nand then EU's employment change, Q2 GDP and industrial production.

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AceTraderFx Aug 14: Intra-Day News and Views & data to be released today - EUR/USD

Intra-Day Market Moving News and Views
Update Time: 14 Aug 2019 03:00GMT

EUR/USD - 1.177.. Euro remains on the back foot in subdued Asian morning as the Japanese took centre stage following yesterday's rally vs the usd in New 3York on upbeat U.S.-China trade news n then today's release of downbeat China data.

Despite yesterday's bounce from 1.1183 (Asia) to intra-day high of 1.1228 shortly after New York open, usd's broad-based rally vs G4 currencies following said positive U.S.-China trade news knocked the euro to session lows of 1.1171, suggesting further choppy trading below Aug's 1.1249 high would continue n present softness suggests consolidation with downside bias remains.
Offers are tipped at 1.1190/00 n more above with stops reported earlier above 1.1250.
While bids are noted at 1.1170-60 with stops below there.

The euro area countries will release a slew of eco. data starting with France's unemployment, Germany's prel. Q2 GDP, France's CPI nand then EU's employment change, Q2 GDP and industrial production.

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AceTraderFx Aug 16: Intra-Day News and Views & data to be released today - USD/JPY

Intra-Day Market Moving News and Views
Update Time: 16 Aug 2019 03:00GMT

USD/JPY - 106.22.. Dlr swung wildly in hectic trading on Thursday Price moved narrowly in subdued Asian morning and briefly jumped to 106.78 shortly after European open on rebound in U.S. yields, however, price quickly fell to 105.71 in European midday before rebounding to 106.34 on usd's strength after robust U.S. retail sales data, New York and Philly Fed mfg PMIs.

Although Thursday's strong retreat from 106.78 to 105.71 suggests further choppy trading below this week's high at 106.97 (Tuesday) would continue, as price has edged higher in Asian morning on usd's firmness, consolidation with near term upside bias remains.
Bids are noted at 106.05-105.95 with stops reported below 105.60.
While offers are tipped at 106.30/35 and more above with stops above 106.80.

T.G.I.F., U.S. will later release housing starts, building permits and then University of Michigan consumer confidence.

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AceTraderFx Aug 19: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 19 Aug 2019 03:00GMT

USD/JPY - 106.28.. A sense a relative calmness has returned at the start of a new trading after a tumultuous week where the greenback swung wildly after hitting a fresh 7-week trough of 105.06 last Monday.

Despite Friday's intra-day gain to 106.49 in Europe, subsequent retreat to 106.21 in New York, then initial bounce to 106.48 in New Zealand today and present pullback suggests range trading is in store with a neutral bias, so traders should sell dlr on further rise as last week's high at 106.97 should remain intact whilst near term good sup area at 105.66/71 is likely to contain weakness.
Offers are tipped at 106.45/50 with stops above 106.80 while bids are noted at 106.20-10 with stops below 106.00.

As no U.S. eco. data is due out, traders need to take cue from intra-day price move in U.S. yields n then U.S. stocks later today.

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