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

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

Intra-Day Market Moving News and Views

Update Time: 28 May 2020 04:30GMT

USD/JPY - 107.77.. Although the pair continues to trade in familiar territory, gyrating inside recent 108.08-107.33 range, yesterday's rise from 107.37 (Asia) to 107.94 in New York morning on safe-haven usd buying due to rising U.S./China tensions suggests pullback from last Tuesday's -month peak at 108.08 has possibly ended, however, subsequent usd's retreat on rally in U.S. stocks (the Dow hit a 2-month high and ended up 2.21% for the day) would yield range trading initially today.

Offers are tipped at 117.90/00 with stops reported above 108.10. On the downside, initial bids are noted at 107.70-65 with stops below 107.50, more bids are touted at 107.40-30 with stops reported below there.

We have data dump from the U.S. later today (please refer to our EI page for details), once again, market's attention is on weekly jobless claims n continued jobless claims to get the latest pulse of the economy in the wake of coronavirus pandemic, however, as market is accustomed to the rising unemployment but this is seen to be temporary and will start to recede due to easing of lockdowns, the data is unlikely to have a strong impact on price.

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AceTraderFx May 29: Daily Recommendations on Major – USD/JPY

DAILY MARKET OUTLOOK on Major

Update Time: 29 May 2020 09:30GMT

USD/JPY - 107.18
Intra-day selloff on safe-haven yen buying due to renewed US-China tensions and break of 107.33 to 107.09 in Asia signals recent upmove from May's 105.99 low has made a temporary top at 108.08 last Tuesday and mild downside bias would be seen, however, reckon 106.51 would remain intact, yield rebound.

On the upside, above 107.71 would risk gain to 107.94, break would bring re-test of 108.08.

T.G.I.F., however, on top of Trump's press conference (no time is announced yet) , U.S. will release a slew of important data (please refer to our EI page for details). Last but not the least, Fed chief J. Powell will take part in a moderated virtual discussion at an institute at 15:00GMT.

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AceTraderFx Jun 01: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views

Update Time: 01 Jun 2020 04:30GMT

USD/JPY - 107.70.. Dollar moved relatively narrowly in Asia despite intra-day broad-based weakness in usd vs other G7 peers, however, renewed yen selling on return of risk sentiment after U.S. Trump left U.S./ China trade deal untouched at Friday's press conference on China as well as upbeat China official n private PMIs (see previous updates for details) suggest range trading with upside bias remains.

As rebound from Friday 107.09 low (Europe) to 107.89 in New York suggests pullback from May's peak at 108.08 has possibly ended, bullishness remains for re-test of this res.
Bids are noted at 107.65-55 with stops below 107.30, more stops are reported below 107.00.
Offers are tipped at 107.90/00 with stops touted above 108.10.

Today is PMI day in the U.S., we have Markit mfg PMI, construction spending n then ISM mfg PMI.

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

Intra-Day Market Moving News and Views

Update Time: 02 Jun 2020 04:30GMT

EUR/USD - 1.1121.. Euro trades narrowly in relatively subdued Asia morning after hitting a 2-month high of 1.1153 in European morning before4 retreating to 1.1101 on profit ranking following Blommber's report China has instructed state-owned enterprises to withhold purchase of U.S. soybeans and pork.

As Monday's break of previous daily res at 1.1147 signals Medium Term rise from 2020 bottom at 1.0637 (March's near 3-year low) has resumed, price is en route to next chart obj. at 1.1172 after consolidation but near term loss of momentum should cap price below 1.1213 today.
Bids are noted at 1.1110/00 with stops below 1.1080 whilst offers are tipped at 1.1145/55 with stops above there.

Eco. calendar is very thin today with France's balance budget is the only data due out and market Italy is closed for holiday.

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

Intra-Day Market Moving News and Views

Update Time: 03 Jun 2020 04:30GMT

USD/JPY - 108.47.. Despite resumption of upmove at Tokyo open to a fresh 7-week high of 108.84 due to continued risk-in sentiment, the safe-haven yen suddenly caught a bid n gained broadly vs usd, euro, sterling n aud etc, the pair fell back to 108.43 following news the U.S. defence Depart. has deplayed army troops to national capital, Washington D.C. to support local authorities to quell recent civil unrest.

Dlr's intra-day retreat suggests recent upmove has made a temp. top n sideways swings are in store unti European open, however, as long as 108.08 (May's high, now sup) holds, prospect of further gain to 109.00/05 remains but Apr's high at 109.37 should cao upside. Offers are tipped at 108.75/85 whilst bids are noted at 108.40-30 with stop below 108.20.

Ahead of Fri's release of U.S. jobs report, we have data dump fm the U.S. later tday, pls refer to our Economic Indicators page for details. Pay attention to release of ADP private payrolls, streety forecast is look for 9 million job losses vs previous month's reading of 20.2 million.

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AceTraderFx Jun 04: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views

Update Time: 04 Jun 2020 04:30GMT

USD/JPY - 108.91.. Despite meeting renewed buying at 108.88 in Australian morning and then intra-day brief break above New York high of 108.98 to a near 2-month peak at 109.04 after tripping stops above 109.00, price swiftly erased initial gain on broad-based yen buying and fell to 108.81 in Tokyo morning.

Although dlr's retreat from 109.04 suggests recent upmove has made a temporary top and range trading is in store, as long as yesterday's low at 108.43 (Asia) holds, outlook remains bullish for further headway towards chart obj. at 109.37 (Apr's peak) before prospect of a long-overdue correction.
Offers are tipped at 109.00/10 with stops above there, more selling are touted at 109.30/35 with stops reported above 109.40. Bids are noted at 108.80-70 n more below with stops reported below 108.40.

Ahead of Fri's U.S. key jobs report, market waits release of weekly jobless claims as well as continued jobless claims to get the latest pule of the employment situation. Street forecast is look for 1.8 million filing for unemployment vs prev. week's reading of 2.12 million

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

Intra-Day Market Moving News and Views

Update Time: 05 Jun 2020 04:30GMT

USD/JPY - 109.11..Despite extending yesterday's rise above Thur's near 2-month high of 109.19 (New York) to 109.23 shortly after Tokyo open, selling by Japanese names (exports) quickly capped intra-day gain n pushed price back down to 109.05, suggesting range trading may be seen until European open.

Dlr's recent streak is expected to continue due to active yen selling on continued risk-on sentiment due to gains in U.S. equities n market optimism of global economic rebound after lifting of lockdowns in many countries. The greenback should get another shot in he arm especially vs yen when U.S. jobs report is released as market is expecting a vast improvement in non-farm payrolls following reduction in weekly jobless claims which have shown steady decrease in last few weeks, so the buck is poised to move higher later today but 110.00 handle may a a bridge too far for the pair to cross as dlr should remain under pressure vs its other G7 peer currencies.
For now, bids are noted at 109.00/108.80 region with stops below 108.60 while offers are tipped at 109.25/35 with some stops touted above 109.40.

T.G.I.F., Asian traders can look forward to upcoming weekend break but European n N. American traders are keeping their powder dry in anticipation of release of key U.S. jobs report plus a slew of other eco. data at 12:30GMT, please refer to our EI page for details.

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

Intra-Day Market Moving News and Views

Update Time: 08 Jun 2020 04:30GMT

EUR/USD - 1.1290.. Euro came under selling pressure after initial cable-led rebound to 1.1319 just ahead of Asian open following decline from Friday's fresh 2-1/2 month peak at 1.1383 (Europe) to as low as 1.12979 near New York close as robust U.S. NFP triggered broad-based profit taking in recent long euro positions vs usd, yen, gbp & chf etc.

As Friday's decline signals recent upmove has made a temp. top, intra-day weakness suggests recovery is over and re-test of 1.1279 would be seen, then 1.1250/60 but reckon 1.1201 (last week's low on Monday) should contain weakness.
Order book is pretty thin with offers tipped at 1.1315/20 with stops above 1.1345 while bids are noted abpve 1.1285/80 with stops below 1.1270.

Data to be later :
Germany industrial output, EU Sentix index.
Canada housing.

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

Intra-Day Market Moving News and Views

Update Time: 09 Jun 2020 04:30GMT

EUR/USD - 1.1289.. Euro moves sideways in Asia despite intra-day wild swings in other G7 currencies vs the usd. Despite usd's renewed weakness in New York session on Mon n early today, the single currency was unable to capitalise on this due to active cross-selling in euro vs yen, gbp n chf.

Despite decline from Fri's fresh 2-1/2 month high at 1.1383 to 1.1269 at London midday yesterday, subsequent rise to 1.1318 in New York suggests 1st leg of correction is over n as long as 1.1269 holds, consolidation with upside bias remains, above 1.1318/19 res would add credence to this view n bring further gain to 1.1342 but firm break of 1.1361 needed to head back towards 1.1383 later today or tomorrow.
Bids are noted at 1.1285/75 with stops below 1.1260 while offers are tipped at 1.1315/20 with stops above there.

The euro area countries will release a slew of economic data, please refer to our EI page for details. We have ECB Governing Council member Rehn speaking at 08:00GMT n also ECB Vice President de Guindos will participate in a virtual Ecofin meeting. Later at 14:00GMMT, ECB's board member Schnabel will participate in Twitter Q&A. Last but not least, ECB will publish report on the international role of the euro at 08:00GMT.

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

Intra-Day Market Moving News and Views

Update Time: 10 Jun 2020 04:30GMT

USD/JPY - 107.75.. The greenback gains respite in subdued Asian morning after yesterday's resumption of decline from last Friday's 2-month peak of 109.84 to a near 1-week trough of 107.63 near New York midday.

Traders cited active yen buying in Tokyo morning Tue by Japanese names in anticipation of flattening of U.S. yield curve after FOMC meeting later today with 30-year U.S. bond yield to head lower from last Friday's 10-week high of 1.762% (circa 1.579%). However, intra-day narrow move suggests bulk of usd selling is over, so further decline would be mild and one can expect a short-covering rebound to occur in New York morning.
Offers are tipped at 107.90/00 with stops above 108.25 while bids are noted at 107.70-60 with stops below 107.50.

U.S. will release a slew of inflation data (see EI page for details) ahead of FOMC announcement at 18:00GMT n then market focus is on post-FOMC presser by Fed chief J. Powell.

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