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

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

Intra-Day Market Moving News and Views
Update Time: 06 Jan 2020 04:30GMT

EUR/USD - 1.1166.. Euro moves narrowly in subdued Asian trading as market focus is on the safe-haven yen as well as gold n oil. Having said that, the single currency went through a 'roller-coaster' ride in hectic Fri session.

Price met renewed selling in Asia at 1.1178 Friday and tumbled to a near 1-week low of 1.1126 (Europe) due to active selling in eur/yen and eur/chf crosses, however, release of downbeat U.S. data hurt the usd n triggered active short covering in euro, price later rallied to session highs of 1.1180 before retreating to 1.1153 near the close. As rebound from 1.1126 suggests pullback from last Tue's 4-1/2 month peak has possibly ended, consolidation with upside bias is seen. Bids are noted at 1.1160-50 with stops below 1.1125.
Offers are noted at 1.1180-00 area with stops touted above 1.1200/05.

Today is PMI day in the euro area countries, Germany will kick off 2ith retail sales, Italy will release Markit services PMI for Dec, then the same fm France, Germany n then the EU as well as Setix sentiment index n PPI.

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

Intra-Day Market Moving News and Views
Update Time: 07 Jan 2020 04:30GMT

USD/JPY - 108.47.. Despite y'day's initial weakness to a 2-1/2 month trough of 107.78 in thin trading condition in Australia, the pair rebounded on active short covering, dlr later reganed traction in NY session n rallied to as high as 108.50 as a slight easing of U.S.-Iran tension triggered broad-based yen selling.

Y'day's bounce from 107.78 signals recent decline has made a temp. low n consolidsation with near term upside bias is seen for a minor retracement to 108.70/80 before prospect of retreat later today as geopolitical tensions in the M. East are expected to linger this week.
Bids are noted at 108.30-20 with stops below 108.00 while offers are tipped at 108.50-60 with stops above 108.90.

U.S. will later release a slew of eco. data (see our EI page for details), the majority of them are revision for Nov, however, do pay attention to ISM mfg PMI for Dec due out at 15:00GMT as this may have impact to price if actual number deviates sharply from street forecast of 54.5 vs prev. reading of 53.9. Also, Fed Boad Gov. Brainard will be speaking at 15:00GMT in Washington but topic is not related to monetary policy.

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ceTraderFx Jan 08: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 08 Jan 2020 04:30GMT

EUR/USD - 1.1157.. Euro moved narrowly in Asian morning as the Japanese yen took centre stage due to escalation of U.S.-Iran conflict.

Despite yesterday's selloff from 1.1197 (AUS) to 1.1134 in New York on usd's strength following upbeat US data, price found renewed buying at 1.1146 (AUS) n rose to 1.1168 as intra-day selloff in usd/yen and usd/chf lifted the pair. Expect range trading to continue in European morning.
Offers tipped at 1.1170/80 n more above with stops above 1.1210 while bids are noted at 1.1145-35 with stops reported below 1.1120.

There is is slew of eco. data (pls refer to EI section for details) but traders will most likely react to US ADP private payrolls at 13:15GMT.

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

Intra-Day Market Moving News and Views
Update Time: 09 Jan 2020 04:30GMT

USD/JPY - 109.19.. It is inconceivable to see the greenback hitting a 12-week low of 107.66 in early Asian trading Wednesday due to active safe-haven yen buying on news of Iranian rocket attacks on U.S. base in Iraq but only to see the pair easing intra-day losses n later rallied to 108.81 in New York morning, then an impressive rise to as high as 109.24 after Trump's statement on Iran at the White House triggered broad-based yen selling.

Well, as the market is always right and we are sometimes wrong, dlr's rally from 107.66 to 109.24 yesterday, then 109.25 today suggests correction from Dec's 6-month peak at 109.72 has ended n re-test of this level is now envisaged (Fri perhaps on robust U.S. payrolls report). Therefore, one has to go with the flow n buy dlr on dips.
Bids are noted at 109.00-108.80 area with stops below 108.60. Offers are tipped at 109.25/35 with stops above 109.50 n more above 109.75.

The only data due out fm the U.S. is weekly jobless claims, so market awaits earnestly for Fri's key jobs report. However, do pay attention to speeches n interview of a number of Fed official during U.S. session which may have a short-term impact on price movement (see our EI section for full details).

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AceTraderFx Jan 10: Intra-Day News and Views & data to be released today -GBP/USD

Intra-Day Market Moving News and Views
Update Time: 10 Jan 2020 04:30GMT

GBP/USD - 1.3068... The British pound went through a volatile session on Thursday. Although cable gained from 1.3094 in Australia to 1.3123 in Asia, the pair met renewed selling and intra-day fall accelerated in European morning and tumbled to a 10-day low at 1.3014 after Bank of England Governor Mark Carney said that there could be a "relatively prompt response" form the central bank if it looked like weakness in the economy will persist before staging a strong rebound to 1.3069 in New York, then briefly higher to 1.3072 at Asian open today.

Although cable's rebound after yesterday's selloff below last week's low at 1.3054 suggests recent decline from 1.3283 has made a temporary bottom and range trading would be seen ahead of European open before said fall resumes and extends to 1.2980/90.
Offers are tipped at 1.3070/75 with stops above 1.3090 while bids are noted at 1.3020-15 with more below and stops below 1.2970.

Although there is no economic data coming out form UK today, we have an external member of the Bank of England's Monetary Policy Committee, Silvana Tenreyro, due to speak at 09:30 GMT on the outlook for the labour market at the Resolution Foundation think-tank.

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

Intra-Day Market Moving News and Views
Update Time: 13 Jan 2020 04:30GMT

GBP/USD - 1.3035... The British pound went through a roller-coaster ride on Friday. Although cable gained to 1.3091 in Asia, price retreated to 1.3049 in European morning before rising to session highs at 1.3098 at New York open on soft U.S. jobs data. However, the pair quickly eased intra-day choppy gain n dropped to 1.3043 and then opened lower to 1.3021 (Reuters) in New Zealand today due to dovish comments from Bank of England policymaker Gertjan Vlieghe on Sunday (see earlier update).

Cable's retreat from 1.3098 on Friday suggests recovery from last week's low at 1.3014 (Thursday) has ended and consolidation with downside bias remains, below said support would extend recent decline from 1.3283 to 1.2963/69, however, 'loss of downward momentum' should keep price above 1.2905 and yield rebound. Offers have been lowered to 1.3045/55 with stops above 1.3080 and more above 1.3100 while bids are noted at 1.3005-00 with stops below 1.2960.

On the economic calendar today, UK will release a slew of data starting with GDP, followed by industrial output, manufacturing output, construction output, and trade balance.

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

Intra-Day Market Moving News and Views
Update Time: 14 Jan 2020 04:30GMT

USD/JPY - 110.08... Dollar found renewed buying at 109.45 (Reuters) in New Zealand yesterday and gained to 109.64 in Asia. Intra-day ascent accelerated in European morning and price rose to 109.92 and then ratcheted higher to 109.94 in New York on broad-based yen selling as the United States and China are preparing to sign off phase one trade agreement on Wednesday. The pair then easily penetrated 109.94 and rallied to a fresh 7-1/2 month high at 110.11 at Asian open today before retreating.

Yesterday's break of Dec's 109.72 high to 109.94, then 110.11 today suggests medium term upmove from 2019 33-month trough at 104.46 has once again resumed and further gain to 110.50/60 would be seen after consolidation, however, 'loss of upward momentum' should cap price below 110.95/00 and yield a much-needed correction.
Bids are noted at 110.00 with more below with stops below 109.50 while offers are tipped at 110.50 with stops above 110.70.

On the data front, U.S. will release core CPI, CPI, real weekly earnings and redbook at 13:55 GMT, then Federal budget at 19:00 GMT later. Also, we have New York Fed's President John Williams due to speak at 14:10 GMT, followed by Kansas City Fed's President Esther George at 18:00 GMT.

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AceTraderFx Jan 15: Intra-Day News and Views & data to be released today -GBP/USD

Intra-Day Market Moving News and Views
Update Time: 15 Jan 2020 04:30GMT

GBP/USD - 1.3021... The British pound went through a volatile session on Tuesday. Cable met renewed selling at 1.3002 in Asian morning and briefly dropped to an 18-day low at 1.2955 in European morning due to continued concern of an interest rate cut from the Bank of England later this month, price then found renewed buying and gained to 1.3015 (Reuters). Despite retreating again to 1.2974, the pair rallied to an intra-day high of 1.3034 in New York afternoon on cross-buying in sterling as well as usd's weakness before stabilising.

Despite cable's resumption of recent decline from 1.3283 (Dec 31) to 1.2955 yesterday, subsequent rebound to 1.3034 suggests temporary bottom is in place and consolidation with upside bias remains for gain towards 1.3080/90, however, 1.3119 (50% r) should remain intact and yield retreat.
Bids are noted at 1.3005-00 with stops below 1.2980 while offers are tipped at 1.3045/50 with more above and stops above 1.3100.

On the economic calendar today, UK will release CPI, core CPI, RPI, core CPI, PPI input prices, PPI output prices, PPI core output prices and DCLG hoe price index at 09:30 GMT. Also, we have MPC member Michael Saunders scheduled to speak at 08:40 GMT and Deputy Governor for Financial Stability, Jon Cunliffe, will participate in roundtable.

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

Intra-Day Market Moving News and Views
Update Time: 16 Jan 2020 04:30GMT

GBP/USD - 1.3044... The British pound proved to be quite tricky to trade on Wednesday. Although cable extended Tuesday's gain to 1.3042 in Asia, price met renewed selling and dropped to an intra-day low of 1.2985 in European morning on soft UK inflation data. However, the pair then rebounded to 1.3028, and then 1.3040 (Reuters) in New York afternoon before retreating to 1.3023. The pound then rose to 1.3057 in Australia today and move sideways in subdued Asian session.

Despite cable's resumption of decline from 1.3283 (December 31) to an 18-day low of 1.2955 on Tuesday, subsequent rebound to 1.357 today suggests temporary bottom is in place and consolidation with mild upside bias remains, however, loss of momentum should cap price below 1.3080 (38.2%) and yield retreat.
Bids are noted at 1.3035-30 with stops below 1.3005-00 while offers are tipped at 1.3065/70 with stops above 1.3100.

Although we have no economic data from UK later today, we have Bank of England Chief Economist Andy Haldane scheduled to speak at 18:00 GMT.

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AceTraderFx Jan 17: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 17 Jan 2020 04:30GMT

EUR/USD - 1.1137... Although the single currency retreated from 1.1157 at Asian open to 1.1145 ahead of European open yesterday, price then gained to an 8-day high at 1.1172 ahead of New York open due partly to buying in eur/jpy cross. However, the pair met renewed selling there and tumbled to an intra-day low of 1.1129 in New York due to upbeat U.S. data before rebounding to 1.1142 in Asian morning today on short-covering.

Despite euro's resumption of recent upmove from last Friday's 2-week bottom at 1.1086 to 1.1172 yesterday, subsequent retreat to 1.1129 suggests temporary top is in place and consolidation with downside bias remains, below 1.1105 (Tuesday's low) would bring re-test of 1.1086, where break would extend decline from Dec's 4-1/2 month peak at 1.1239 to 1.1067/70.
Offers are tipped at 1.1145/50 with stops above 1.1170 while bids are noted at 1.1120, with more below and stops below 1.1100.

On the economic calendar today, Swiss will kick off with producer/import price, then France budget balance, Italy trade balance, CPI, and EU current account, construction output, HICP.

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