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

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

Intra-Day Market Moving News and Views

Update Time: 14 May 2020 04:30GMT

EUR/USD - 1.0813.. Despite gaining temporary respite in subdued Australian morning after selloff from yesterday's 1-week high of 1.0896 to 1.0812 in hectic New York session following Fed J. Powell's comments after his prepared text was released, the single currency came under renewed selling shortly after Asian open on Thur n fell marginally lower to 1.0810.

As Wednesday's decline from 1.0896 signals euro's 3-legged corrective rise from May's bottom at 1.0767 has ended there, downside bias remains for weakness to this week's low at 1.0785 (Tuesday), then re-test of 1.0767 later.
Offers have been lowered to 1.0820/25 n more above with stops touted above 1.0855/60.
Some bids (profit taking) are noted at 1.0805/00 with stops below there, more stops are reported below 1.0780.

The euro area countries will release a slew of eco. data during Euroepan morning (please refer to our EI page for details), market's focus is on U.S. weekly jobless claims and continuing claims.
We also have ECB Chief Economist Lane n ECB Vice President de Guindos speaking later today at 14:00GMT n 15:00GMT respectively.

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AceTraderFx May 18: Intra-Day News and Views & data to be released today-

Intra-Day Market Moving News and Views

Update Time: 18 May 2020 04:30GMT

USD/JPY - 107.18... Although dollar fell from 107.43 at Asian open last Friday to 106.86 at New York open on safe-haven jpy buying due to U.S.-China trade concern, price recovered to 107.37 on usd's strength but weakened to 107.04 in New Zealand today before rebounding to 107.28.

Despite dollar's retreat from last Monday's 2-week high at 107.76 to 106.75 on Wednesday, subsequent strong rebound to 107.43 Friday suggests pullback has possibly ended and range trading would be seen before prospect of another rise, above 107.76 would extend upmove from May's 7-week bottom of 105.99 to 108.03/08, however, reckon 108.22 should hold today.
Bids are noted at 107.00-90 with stops below 106.75 while offers are tipped at 107.60 with more above and stops above 108.00.

On the calendar front, U.S. will only release NAHB housing market Index for May at 14:00GMT and traders should keep an eye out for any U.S.-China trade news.

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

Intra-Day Market Moving News and Views

Update Time: 19 May 2020 04:30GMT

USD/JPY - 107.41.. Dlr moved narrowly in subdued Asian morning despite yesterday's wild swings in other G7 currencies in New York session as intra-day jump in the euro after joint announcement by Germany and France to launch a EU recovery fund triggered broad-based usd selling, knocking the pair from 107.50 to 107.21.

As Mon's retreat from 107.50 suggests further volatile trading below May's 107.76 peak would continue, consolidation with near tern downside bias is seen but anticipated yen's weakness vs other currencies should keep price above 106.75 (reaction low).
Offers are tipped at 107.45/50 with some stops above there, more selling interest are noted above there with stops reported above 107.80.
Some bids are noted at 107.25/20 and more below with stops below 107.00, however, more stops are touted below 106.70.

Although only second-tier eco. data are due out from the U.S. later today, pay attention to Congressional testimonies by Fed's J. Powell n Treasury Secretary Mnuchin at 14:00GMT, market is expected to react to comments by these two heavyweights.

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acetraderfx

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

Intra-Day Market Moving News and Views

Update Time: 20 May 2020 04:30GMT

EUR/USD - 1.0940.. Euro recovers in Asian trading after yesterday's wild swings. Euro initially retreated to 1.0903 in Asian morning before resuming prev. day's rally in Europe due to upbeat German n EU investor's sentiment survey and climbed to a 2-week high of 1.0976, however, broad-based profit taking in euro later pressured price to 1.0919 ahead of New York close.

As retreat from 1.0976 suggests recent erratic rise from May's 1.0767 bottom has possibly made a top, consolidation with downside bias remains, a daily close below 1.0903 would add credence to this view and head back to 1.0850 later.
Offers are tipped at 1.0945/50 and more above with stops touted above 1.0980.
Bids are noted at 1.0920-10 with stops below 1.0895.

On the data front, we have EU's current account, HICP n core HICP n later EU's May consumer confidence.

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AceTraderFx May 21: Intra-Day News and Views & data to be released today- EUR/USD

Intra-Day Market Moving News and Views

Update Time: 21 May 2020 04:30GMT

EUR/USD - 1.0963.. Despite resumption of recent upmove to a near 3-week high of 1.0999 in New York morning due to broad-based usd's weakness on risk-on trades (the Dow gained 1.5%), euro retreated to 1.0958 as the greenback caught a bid in Asian morning following U.S. Trump's tweet with his China bashing comments.

Intra-day retreat suggests recent upmove has possibly made a temporary top n range trading with downside bias is envisaged until European open.
Offers are tipped at 1.0985/95 with stops above 1.0800, more stops are reported above May's 1.1018 high.
Bids are noted at 1.0960-55 with stops touted below 1.0850 and more below 1.0920.

Today is PMI day in the euro area, however, many European centres are closed for Ascension Day holiday, most notably Germany & France. Please refer to our Economic Indicators page for details. ECB board member Panetta will speak at online conference in Frankfurt at 07:35GMT.

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AceTraderFx May 22: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views

Update Time: 22 May 2020 04:30GMT

USD/JPY - 107.62.. Despite initial bounce to 107.76 at Tokyo fixing, price quickly retreated to 107.56.
Price showed muted reaction after BOJ's emergency meeting ended with unchanged rate decision.

Despite early bounce from 107.34 (Wed) to 107.84 in European morning yesterday, subsequent retreat to 107.55 in New York signals choppy trading below Tuesday's 1-month peak at 108.08 would continue, however, intra-day broad-based usd's strength suggests buying the pair on dips is favoured.
Offers are tipped at 107.75/85 with stops above there while bids are noted at 107.55-45 with stops reported below 107.30.

T.G.I.F., after Thursday's data dump, no economic data is due out today in the U.S. and no scheduled virtual speech by Fed official. Trading may thin out after European close ahead of long weekend holiday as U.S. markets are closed for Memorial Day holiday next Monday.

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AceTraderFx May 25: Intra-Day News and Views & data to be released today- EUR/USD

Intra-Day Market Moving News and Views

Update Time: 25 May 2020 04:30GMT

EUR/USD - 1.0894.. Euro swung broadly sideways but with a soft bias after staging a recovery from 1.0886 in New York morning on Friday to 1.0908 ahead of Tokyo open before renewed selling interest emerged in Asian trading and pressured price back to 1.0893.

As the decline from Thursday's near 3-week high at 1.1008 to 1.0886 Friday suggests recent upmove has made a top there, consolidation with downside bias remains for weakness towards 1.0850 later today, so trading the single currency short side is favoured.
Order book is pretty thin on this Monday morning with offers tipped at 1.0905/15 with stop above 1.0920 while some bids are touted at 1.0990/80 (profit taking) with stops below there.

Pay attention to eco. data from Germany during European morning especially the key Ifo data at 08:00GMT, if actual reading is much weaker than street forecast, one can expect another round
of euro bashing.

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

Intra-Day Market Moving News and Views

Update Time: 27 May 2020 04:30GMT

USD/JPY - 107.49.. Despite yesterday's initial rise to 107.92 after downbeat comments by BOJ Gov Kuroda, price quickly erased intra-day gain n fell to 117.41 at U.S. open due to broad-based usd's weakness on return of risk-on sentiment which spilled over into New York session.

However, the greenback pares Tue's losses vs its G7 peers at Tokyo open as traders tighten their short usd positions due to renewed U.S./China tensions over H.K.'s China national anthem bill which goes into 1st reading at H.K. legislative council today, yen strengthened broadly vs usd, euro, sterling, suggesting sideways swings are in store.
Offers are tipped at 117.70/80 with stops above 118.10, some bids are noted at 107.40-30 with stops below there.

On the data front, U.S. will release some 2nd-tier eco. data starting with MBA mortgage applications, redbook sales n then Richmond Fed mfg index. St. Louis fed Bullard will speak at 16:30GMT and Fed will release its Beige book at 18:00GMT, the Atlanta Fed President Bostic will speak at 19:00GMT.
 
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