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

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AceTraderFx Dec 18: Intra-Day News and Views & data to be released today -GBP/USD

Intra-Day Market Moving News and Views
Update Time: 18 Dec 2019 04:30GMT

GBP/USD - 1.3096... The British pound fell to 1.3236 as Asian open yesterday on news PM Johnson set a hard deadline for Brexit in December 2020. Intra-day decline accelerated in Europe and price fell to 1.3157, then lower to session lows at 1.3100 on cross-selling of sterling especially vs euro on increasing concerns of a hard Brexit. The pair then met renewed selling at 1.3138 near New York closing and dropped to 1.3073 in Asia today before recovering.

Cable's intra-day fall below yesterday's low at 1.3100 suggests decline from Friday's 1-1/2 year peak at 1.3516 remains in progress and further weakness to 1.3051 would be seen.
Offers are now seen at 1.3110/20 and more above at 1.3130/40 with stops building up above there whilst initial bids are noted at 1.3030/40.

There is a slew of data out at 09:30GMT and one should pay attention to CPI mm and yy. Street forecasts are 0.2% and 1.4% vs previous readings of -0.2% and 1.5% respectively.

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

Intra-Day Market Moving News and Views
Update Time: 19 Dec 2019 04:30GMT

USD/JPY - 109.59... The greenback traded inside a narrow range in thin-trading yesterday as focus continued to remain on other dollar majors. The pair remained under pressure in Asia and dropped to 109.40 in early European morning before rising to session highs at 109.62 at New York open due to a rally in U.S. Treasury yields. The pair then briefly rose above this level to 109.67 at Asian open today before retreating again on news that the U.S. House of Representatives voted on Wednesday to impeach President Donald Trump.

Dollar's retreat from 109.67 suggests further choppy trading below December's 6-month peak at 109.72 would continue, however, bids at 109.30/40 and more below at 109.10/20 should contain current pullback and yield another rise later. Therefore, buying on dips for a resumption of upmove from August's low at 104.46 is favored.

Pay attention to Bank of Japan's rate decision (circa 03:00GMT) and although no change in policy is expected, investors should pay attention to Governor Kuroda's press conference at 06:00GMT to see if he gives any hints on whether the central bank will look to ease its policy further or not.

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AceTraderFx Dec 20: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 20 Dec 2019 04:30GMT

EUR/USD - 1.1116... The single currency proved quite tricky to trade yesterday as despite rising from 1.1113 in Australia to 1.1132 in Asian morning, then higher to session highs at 1.1144 in European morning. However, lack of follow-through buying triggered profit-taking and price fell to session lows at 1.1108 in New York morning before staging a recovery. However, price met renewed selling at 1.1130 in New York afternoon and retreated again to 1.1115 in Asian morning today.

Euro's break of Wednesday's low at 1.1111 to 1.1108 yesterday suggests decline from last Friday's 4-month peak at 1.1199 has once again resumed and further weakness to 1.1071 would be seen. Offers are now seen at 1.1120/30 and more above at 1.1140/50 with stops building up above there whilst initial bids are noted at 1.1050/60.

Pay attention to release of EU consumer confidence at 15:00GMT. Street forecast is for -7.0, up from previous reading of -7.2.

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AceTraderFx Dec 23: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 23 Dec 2019 04:30GMT

EUR/USD - 1.1081... The single currency met renewed selling at 1.1123 in early European morning on Friday and resumed its recent losing streak to 1.1091 ahead of New York open. Intra-day decline soon accelerated and price fell to session lows at 1.1067 in New York afternoon on usd's broad-based strength together with cross-selling in euro especially vs sterling. The pair then pared some of its losses and recovered to 1.1083 in New Zealand today before stabilising.

Euro's fall to 1.1067 on Friday suggests decline from December's 4-month peak at 1.1199 remains in progress and further weakness to 1.1041 would be seen. Therefore, selling on intra-day recovery is they way to go.
Offers are now seen at 1.1090/00 and more above at 1.1110/20 with stops building up above there whilst initial bids are noted at 1.1000/10.

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AceTraderFx Dec 24: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 24 Dec 2019 04:30GMT

USD/JPY - 109.40... The greenback traded with a firm bias yesterday, albeit inside a narrow range in thin trading conditions ahead of Christmas holidays. Price found renewed buying at 109.40 in New Zealand and rose marginally above Friday's high at 109.52 to 109.53 at Asian open before retreating to 109.35 in early European morning on cross-buying in jpy and then traded sideways in New York.

Dollar's rebound from last Thursday's low at 109.19 to 109.53 yesterday suggests recent pullback from 109.70 has ended there and re-test of December's 6-month peak at 109.72 would be seen. Therefore, buying on dips for a resumption of upmove from August's low at 104.46 is favored.
Bids are now seen at 109.20/30 with stops building up below there whilst initial offers are noted at 110.00/10.

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AceTraderFx Dec 27: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 27 Dec 2019 09:30GMT

USD/JPY - 109.49
Although dollar's rally from last Thursday's trough at 109.19 to 109.68 yesterday suggests early correction from 109.70 has ended, intra-day retreat would bring range trading before price heads toward Dec's 6-month high at 109.72, above would extend upmove from Aug's 33-month's 104.46 low to 110.00/10 but 110.20 may hold today.

On the downside, only below 109.19 signals temporary top made and risks weakness to 108.94, then 108.44.

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AceTraderFx Dec 30: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 30 Dec 2019 04:30GMT

EUR/USD - 1.1199... The single currency traded with a firm bias on Friday and rose steadily throughout the day on usd's weakness and hit a high at 1.1187 in New York afternoon before retreating to 1.1172 near New York closing on profit-taking. However, the pair found renewed buying interest in New Zealand today and rose above December's 4-month peak at 1.1199 to 1.1210 in Asian morning before easing.

Euro's intra-day rise above December's peak at 1.1199 signals erratic upmove from October's trough at 1.0880 has once again resumed and further gain to 1.1249 would be seen after consolidation. Bids are now raised to 1.1180/90 and more below at 1.1160/70 with stops building up below there whilst initial offers are noted at 1.1250/60.

Pay attention to the release of Germany retail sales at 07:00GMT. Street forecasts for mm and yy are 1.0% and 0.9% vs previous readings of -1.9% and 0.8% respectively.

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AceTraderFx Dec 31: Intra-Day News and Views & data to be released today -GBP/USD

Intra-Day Market Moving News and Views
Update Time: 31 Dec 2019 04:30GMT

GBP/USD - 1.3127... The British pound also traded with a firm bias in Asia yesterday and gained to 1.3125 in Asian morning before edging down to 1.3087 in early European morning. However, renewed buying there lifted the pair to session highs at 1.3150 in New York morning due partly to cross-buying in sterling especially vs euro. Price then retreated to 1.3103 near New York closing before rebounding again to 1.3135 in Asian morning.

Cable's rise above Friday's high at 1.3117 to 1.3150 yesterday suggests upmove from last Monday's low at 1.2905 has resumed and gain to 1.3164 would be seen. However, offers at 1.3170/80 and more above at 1.3190/00 would cap upside and yield retreat.

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AceTraderFx Jan 02: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 02 Jan 2020 04:30GMT

USD/JPY - 108.68... The greenback traded with a firm bias in thin trading conditions on the first trading day of 2020 and edged up to 108.75 in Australia before retreating to 108.61 ahead of Asian open and continues to trade inside a narrow range as Japanese markets are closed.

Dollar's sideways move after Tuesday's selloff to 108.48 would continue and offers at 108.80/90 and more above at 108.90/00 would cap upside and yield another fall later. Therefore, trading from short side for a resumption of decline from December's 6-month peak at 109.72 is favored.

Pay attention to the release of U.S. jobless claims at 13:30GMT.
Street forecast is for an increase to 225K from previous reading of 222K.

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AceTraderFx Jan 03: Intra-Day News and Views & data to be released today -GBP/USD

Intra-Day Market Moving News and Views
Update Time: 03 Jan 2020 04:30GMT

GBP/USD - 1.3128... The British pound went through a roller-coaster ride yesterday as despite edging up to session highs at 1.3266 in Asian morning, price dropped to 1.3203 ahead of European open before recovering. However, the pair met renewed selling at 1.3230 in early European morning and tumbled to an intra-day low at 1.3116 in New York afternoon due partly to cross-selling in sterling especially vs euro. The pair then staged a short-covering rebound to 1.3160 in Asian morning today before retreating again.

Cable's selloff to 1.3116 yesterday suggests recent upmove from last Monday's low at 1.2905 has made a temporary top at 1.3283 on Tuesday and consolidation with downside bias remains for weakness to 1.3094, then 1.3040/50. Offers are now lowered to 1.3140/50 and more above at 1.3160/70 with stops building up above there whilst initial bids are noted at 1.3020/30.

Pay attention to the release of UK construction PMI at 09:30GMT. Street forecast is for a slight uptick to 45.9 from previous reading of 45.3.

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