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

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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

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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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