AceTraderFx Sept 15:Intra-Day Market Moving News & Views & data to be released today

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

Intra-Day Market Moving News and Views

Update Time: 23 Apr 2020 04:30GMT

EUR/USD - 1.0810.. The single currency remains on the back foot in relatively subdued Asian trading on Thursday after tumbling yesterday from 1.0885 (Europe) to a 2-week trough of 1.0804 as the greenback caught a bid in New York session due to renewed safe-haven buying.

As yesterday's break of last week's low at 1.0813 (Friday) signals recent decline from 1.0991 (April high) has finally resumed, downside bias remains for weakness towards projected target at 1.0786 (see our technical page for details), however, reckon previous April's bottom at 1.0769 would remain intact today.
Offers are tipped at 1.0820/25 with some stops touted above 1.0845 while bids are noted at 1.0805/00 with stops below there.

Today is PMI day in the euro area countries n one can expect pretty downbeat readings in the wake of the COVID-19 pandemic. Pls refer to our economic indicator page for details of reco. releases.
The European Council will meeting in Brussels today to
discuss post-coronavirus economic plan but according to earlier mdeia reports, EU diplomats and officials are expected to defer a final decision on how to finance the bloc's economic recovery, so this may add further pressure on the euro.

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

Intra-Day Market Moving News and Views

Update Time: 24 Apr 2020 04:30GMT

USD/JPY - 107.63.. The greenback continues to move in familiar territory in Asian morning after a roller-coaster rise in hectic Thursday's session. Despite intra-day fall from 107.86 (Asia) to 107.35 in New York, price spiked to 108.03 on Nikkei news BoJ was mulling to scrap its cap on JGB purchases at its next week's policy meeting b4 tumbling to 107.41.

Intra-day recovery to 107.75 suggests choppy sideways swings are set to continue, however, anticipated safe-haven yen buying signals downside bias but as price remains confined inside recent 106.94-108.08, steep fall is unlikely to be seen due to usd's firmness vs G4 counterparts.
Offers are tipped at 107.80/90 n more above with stops reported above 108.10.
Bids noted at 107.45-35 with stops below 107.10 n fairly large stops are touted below 106.90.

T.G.I.F., U.S. will release durable goods n University of Michigan consumer confidence at 12:30GMT n 14:00GMT respectively later today.

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

Intra-Day Market Moving News and Views

Update Time: 27 Apr 2020 04:30GMT

EUR/USD - 1.0818.. The single currency trades with a firm undertone in quiet Asian morning following an impressive rally from Friday's 1-month trough of 1.0728 (Europe) despite downbeat Ifo data to as high as 1.0829 near New York close due to broad-based long liquidation in the greenback.

Although euro's rebound from 1.0728 suggests recent decline has made a temp. low and 1- days of sideways swings are in store, broad outlook remains bearish for resumption of decline ahead of Thursday's ECB meeting as the central bank is expected to continue its bond purchase programme to keep EZ economy from sinking further in the wake of COVID-19 pandemic.
Order book is pretty thin with offers tipped at 1.0830/40 with some stops above 1.0850.
Some bids are noted at 1.0800-1.0780 are with stops below 1.0770.

No eco. data is due out from the euro area countries, so order flows will have impact on intra-day price swings.

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

Intra-Day Market Moving News and Views

Update Time: 28 Apr 2020 04:30GMT

USD/JPY - 107.27.. Dlr moves narrowly but with a firm bias due to intra-day usd's broad-based rebound in Asia after hitting an 11-day low of 117.00 in New York morning.

As decline from last week's high at 108.03 to 107.00 yesterday suggests early correction from April's 106.93 bottom has ended, below said sup would extend recent decline to 104.76, then towards 104.45. Therefore, trading dlr from short side in anticipation of resumption of recent fall is cautiously favoured.
Offers are tipped at 107.30/35 with stops above 107.50 and more stops are reported above 107.80.
Bids are noted at 107.10/00 with market chatter of fairly stops below 106.90.

U.S. will release a slew of eco. data, please refer to our economic indicator section for details. The Fed will begin its 2-day monetary policy meeting starting today.

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AceTraderFx May 04: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major

Update Time: 04 May 2020 09:30GMT

USD/JPY - 106.73
Despite dollar's strong rebound from last Wednesday's 6-week low at 106.37 to 107.49 last Thursday, subsequent retreat to 106.61 on Friday due partly to renewed U.S.-China trade tension suggests recovery has ended and intra-day sideways swings would bring range trading before prospect of another fall, however, oversold condition should keep price above 105.90/00 and yield rebound.

On the upside, only above Friday's New York high at 107.07 would risk marginal gain but 107.49 should remain intact.

U.S. will release a slew of eco. data later today starting with ISM-NY bus. conditions, durable goods n factory orders.

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

Intra-Day Market Moving News and Views

Update Time: 05 May 2020 04:30GMT

USD/JPY - 106.59.. Dlr remains on the back foot in holiday-thin Asian trading on Tue as Japanese markets are closed for Golden Week holiday until Thursday.

Price swung wildly in choppy Monday session. Although the pair climbed from 106.67 (Asia) to intra-day high of 107.06 in New York morning due to safe-haven usd buying on U.S./China tensions, price hit session lows of 106.64 in New York on renewed yen buying. Despite a recovery to 106.76 on Aust., short-term specs sold dlr and knocked price to 106.52 shortly after Asian open. Having said that, as dlr is expected to gyrate inside recent broad range of 106.37-107.49, steep fall is therefore not envisaged n indicated lower level would hold.
Bids are noted at 106.50-40 with stops reported below 106.30.
Offers are tipped at 106.80/90 and more above with stops above 107.10.

On the data front, the U.S. will later release trade balance, Redbook sales, Markit services PMI n then ISM non-mfg PMI.
We also have a number of Fed officials speaking during New York session (pls refer to EI page for details).

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

Intra-Day Market Moving News and Views

Update Time: 07 May 2020 04:30GMT

USD/JPY - 106.18.. Dlr pares yesterday's losses and rises in Asian trading on bargaining hunting as Japanese market returns after 3 days of holiday this week.

Traders cited buying by Japanese names (importers) at Tokyo open and lifted price to 106.29 after tripping light stops above 106.20, suggesting range trading above Wednesday's 7-week low at 105.99 (New York) would continue, at least until European open.
As yesterday's break of previous Apr's 106.37 trough confirms recent decline from 111.71 (mar peak) has resumed, mild downside bias remains for marginal weakness but reckon 105.64/65 would hold from here.
Offers are tipped at 107.30/40 with stops above 107.65 while bids are noted at 106.10/00 with stops below 105.90.

U.S. will later release a slew of eco. data but market's focus is again on weekly jobless claims, street forecast is looking for another 3 million people filing for unemployment benefits ahead of Friday's key U.S. jobs report with a forecast of a staggering 16-19% unemployment rate, so recent safe-haven yen buying may continue today

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

Intra-Day Market Moving News and Views

Update Time: 08 May 2020 04:30GMT

EUR/USD - 1.0852.. Despite continuing this week's losing streak yesterday and hitting a 12-day trough of 1.0767 in New York morning, euro erased intra-day losses and rebounded to 1.0834 in New York afternoon due to broad-based profit taking in recent usd positions.

Intra-day break of 1.0834 confirms decline from last Fri's 4-week high at 1.1018 has made a low and consolidation with near term upside bias remains.
Bids have been raised to 1.0815/00 and more below with stops reported below 1.0760.
Offers are tipped at 1.0855/65 with stops above there n more stops are touted above 1.0900.

On the data front, Germany will release imports n exports plus trade balance. We also have Eurogroup meeting with ECB President Lagarde and Panetta particiating via video conferencing.

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

Intra-Day Market Moving News and Views

Update Time: 11 May 2020 04:30GMT

EUR/USD - 1.0848.. Euro inches higher in Asian morning after intra-day retreat in post-NFP New York morning at 1.0875 to 1.0820 (Reuters) early today in New Zealand.

Despite staging a rebound from last week's low at 1.0767 (Thursday) to 1.0875, subsequent retreat suggests recovery has possibly ended and decline from March's 4-week peak at 1.1018 would resume this week, below 1.0800 would add credence to this bearish view.
Order book is pretty thin on Monday with offers are tipped at 1.0850/55 with stops touted above 1.0880 while some bids are noted at 1.0830-20 with stops reported below 1.0800.

The only eco. data due out today is Italy's industrial output n ECB's Governing Council member Nersch will speak on video conferencing at a virtual money conference in Frankfurt at 10:45GMT.

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

Intra-Day Market Moving News and Views

Update Time: 13 May 2020 04:30GMT

USD/JPY - 107.22.. Dlr remains on the back foot in relatively subdued Asian trading on Wed after falling steadily from European morning high of 107.63 yesterday to 107.13 near New York close due to risk-off trades, leading to active unwinding of recent short yen positions.

Although intra-day marginal weakness to 107.10 shortly after Asian open signals recent upmove from last Wednesday's 7-week bottom at 105.99 has made a temp. top at 107.76 on Monday, as long as 107.00/07 area holds, upside bias remains for another rise later today but loss of upward momentum should cap price below daily res at 108.08.
For now, bids are noted at 107.10/00 with stops below 106.90 while offers are tipped at 107.35/40 with stops above 107.65.

U.S. will release PPI data at 12:30GMT but market's main attention is speech by Fed Chief J. Powell at 13:00GMTwhere he is scheduled at a financial forum via webcast. Investors are keen to hear what J. Powell has to say in response to Trump's call for the Fed to cut Fed interest rates into 'negative' territory after Tuesday's U.S. CPI tumbled 0.8% in April, this was the steepest drop since the Great Deperession in the 1920's

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