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

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

Intra-Day Market Moving News and Views
Update Time: 11 Jun 2020 04:30GMT

USD/JPY - 107.00.. Dlr remains on the back foot in relatively subdued Asian morning. Price resumed this week's losing streak n fell to 106.99 in post-FOMC New York after Fed's pessimistic economic outlook, the pair hit fresh 3-1/2 week low of 106.91 ahead of Tokyo open before edging higher to 107.09.

As decline from last Fri's 2-month peak at 109.84 signals early rise from 105.99 (May low) has ended, downside bias remains for weakness to next chart obj. at 106.75, however, reckon 106.46/50 would contain downside today.
Offers are tipped at 107.25, then at 107.40/45 with stops above 107.65 while some bids are noted at 106.90-80 with stops below 106.70. BOJ Gov. Kuroda will testify in parliament at 05:00GMT.

On the data front, market's focus is U.S. weekly jobless claims n continued jobless claims as well as PPI data.

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AceTraderFx Jun 12: Intra-Day News and Views & data to be released today- EUR/USD

Intra-Day Market Moving News and Views
Update Time: 12 Jun 2020 04:30GMT

EUR/USD - 1.1282.. The single currency remains on the back foot in early Fri trading after yesterday's intra-day 'wild' swings ended with price tumbling from 1.1403 to as low as 1.1289 in New York session as usd caught a bid due to its safe-haven status following broad-based selloff on Wall Street. Price extended o/n weakness to 1.1277 in Asian morning before stabilising.

As the decline from Wed's 3-month peak at 1.1422 signals Medium Term rise from 2020 near 3-year bottom at 1.0637 (March) has made a temporary top, downside bias remains for a long-overdue retracement towards next chart obj. at 1.1196 early next week, so selling euro on recovery due to near term o/sold condition is the way to go.
Offers are tipped at 1.1300/05, then 1.1325/30 while some bids are noted at 1.1275/70 and more at 1.1250/45 with stops building up below 1.1240.

The euro area countries will release a slew of eco. data, please refer to our EI page for details. We have ECB member Enria speaking at 08:00GMT, then at 12:00GMT in Frankfurt.

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

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

USD/JPY - 107.24.. Although the pair opened flat in New Zealand, price briefly penetrated Friday's 107.55 high to 107.57 but only to fall back to 107.16 in early Tokyo trading due to a bout of safe-haven yen buying as U.S. Dow n S&P 500 futures were both trading lower by over 1% from Fri's close.

As intra-day retreat from 108.57 suggests correction from last Thursday's 4-week trough at 106.58 has possibly ended, consolidation with downside bias is in store. Offers are tipped at 107.45/55 with stops above 107.65 while some bids are noted at 107.15/05 with stops below 105.90.

The BOJ begins its 2-day monetary policy meeting today and On the data front, U.S. will release New York Fed mfg index at 12:30GMT.
Later, we have Dallas Fed Kaplan and S.F. Fed's Daly speaking at 15:00GMT and 15:30GMT respectively.

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

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

USD/JPY - 107.36.. Despite yesterday's initial marginal gain to 108.57 (AUS), dlr fell relatively sharply to 107.01 ahead of European open due to safe-have yen buying, price managed to erased intra-day losses n ratcheted higher to 107.48 in New York morning before retreating on New York afternoon due to usd's weakness following Fed announced it will purchase U.S. corporate bonds starting Tue.

Intra-day sideways swings are likely to continue with mild upside bias ahead of BOJ's policy announcement as rebound in U.S. stocks n intra-day gains in Dow n S&P 500 futures have boosted risk appetite.
Bids are noted at 107.20-00 area with stops below there while offers are tipped at 108.50/55 with stops touted above 107.60.

U.S. will relesae a slew of eco. data (see our EI page for details) n pay particular attention to May retail sales. Market will also focus on Fed chief J. Powell's testimony before the Senate Banking Committee on Capital Hill at 14:00GMT.

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

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

EUR/USD - 1.1259.. Euro moves narrowly in subdued Asian morning after yesterday's selloff from 1.1352 (Europe) to as low as 1.1229 in New York morning due to broad-based rally in usd after robust U.S. retail sales data and then pessimistic comments by Fed's J. Powell which triggered safe-haven usd buying.

As said yesterday's decline suggests correction from Friday's 1-week low at 1.1213 has ended, downside bias remains for a re-test of this sup, then next chart obj. at 1.1196, however, as early fall from 1.1422 last week signals Medium Term upmove has made a temp. top, stronger correction towards 1.1147 is envisaged.
Offers are tipped at 1.1270/80 with stops above 1.1300 while bids are noted at 1.1230-20 with stops reported below 1.1210.

The euro area countries will release a slew of eco. data n we have several ECB members scheduled to speak during European session, please refer to our Economic Indicators page for details

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AceTraderFx Jun 18: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views
Update Time: 18 Jun 2020 04:30GMT

USD/JPY - 106.78.. Dlr gains no respite in Asia after Wednesday's fall from 107.44 (Europe) to 106.96 in New York afternoon due to safe-haven yen buying. Price came under renewed selling pressure at 107.05 in Australia n fell to 106.71 in Asian morning on a bout of fresh yen buying as renewed weakness in US stock futures (Dow futures currently down 1.3%) triggered further risk-off trade.

Intra-day weakness suggests early correction from last Thursday's 4-week bottom at 106.58 has ended at 107.63 (Tuesday) and decline from June's 2-month peak at 109.84 would head towards next daily chart obj. at 105.99 after consolidation. Therefore, trading dlr from short side in anticipation of resumption of decline is the way to go.
Offers have been lowered to 106.85/95 with stops touted above 107.05 while bids are noted at 106.70-60 with stops reported below 106.50.

On the economic front, pay attention to U.S. weekly jobless claims n continued jobless claims plus other data too (see EI page for details). Market is expecting further reduction in the number of unemployed people as many cities have lifted recent lockdown restrictions. Also, Cleveland Fed's Mester will speak for a second day later in NY at 16:15GMT.

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

Intra-Day Market Moving News and Views
Update Time: 19 Jun 2020 04:30GMT

USD/JPY - 106.92.. Dlr trades relatively narrowly in subdued Asian morning after a roller-coaster Thursday’s session. Despite initial fall from 107.05 to 106.71 on safe-haven yen buying in Asia, price rebounded on short covering to 107.12 in Europe but only to tumble to session lows of 106.68 near New York midday on renewed yen's strength, however, price climbed back to 107.09 near New York close.

Although yesterday's rebound from 106.68 suggests price is not ready to re-test last Thursday’s 4-week trough at 106.58 n further choppy swings may continue before decline from Jun's 109.84 peak heads towards next daily chart obj. at 105.99 (May bottom), anticipated yen strength vs yen, eur, gbp n aud etc suggests trading the pair from short side is still preferred. Offers are tipped at 109.05/15 with stops above 109.20 while bids are noted at 106.70-60 with stops reported below 106.50.

TGIF, although the only U.S. eco. data due out is current account, we have a number of FOMC officials scheduled to speak in New York session (see EI page for details), pay attention to video conference of Fed chief Powell who is joined by Cleveland Fed President Mester to participate in live conference at 17:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 22 Jun 2020 04:30GMT

EUR/USD - 1.1191.. Euro gains respite in Asian trading after hitting a 2-1/2 week trough of 1.1169 in New York morning on Fri. Trading the single ccy proved to be tricky in Fri's session as despite intra-day retreat from 1.1221 to 1.1195 in Europe, price briefly jumped to session highs of 1.1254 on broad-based usd's weakness but renewed usd buying soon emerged as U.S. stocks headed south together with falling U.S. yields n the pair quickly tumbled to 1.1169 before swinging sideways for rest of New York afternoon.

As Friday's weakness to 1.1169 suggests recent decline from June's 3-month peak at 1.1422 remains in force n would head to 1.1147, selling on intra-day recovery is the way to go but loss of downward momentum should keep price above 1.1100/10 today. Offers are tipped at 1.1195/05 with stops above 1.1225 and bids are noted at 1.1175/70 with stops below 1.1140.

The only data due out from the euro-area countries is EU's May consumer confidence at 14:00GMT. The German Bundesbank will publish its monthly report. There is a European Council n European Commission will hold a summit meeting today where Chinese Preisident Xi n Premier Li will join via video conferencing, ECB Vice President de Guindos will speak at a financial conference in Frankfurt at 14:15GMT, later ECB's Chief Economist Lane at a seminar at 16:30GMT.

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

Intra-Day Market Moving News and Views
Update Time: 23 Jun 2020 07:30GMT

EUR/USD - 1.1286... Reuters reported Germany's private sector recession eased further in June but coronavirus-related disruptions and uncertainty continued to weigh on demand, a survey showed on Tuesday, suggesting that Europe's largest economy is set for a slow recovery.

IHS Markit's flash composite Purchasing Managers' Index (PMI), which tracks the manufacturing and services sectors that together account for more than two-thirds of the economy, improved to 45.8 from 32.3 in May.

That beat the 44.2 predicted by a Reuters poll of analysts but still marked the fourth month in a row that the index was below the 50 threshold which separates growth from contraction.

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

Intra-Day Market Moving News and Views
Update Time: 24 Jun 2020 04:30GMT

USD/JPY - 106.50.. Dlr pares yesterday's loss in choppy Asian trading n falling on Tuesday from 107.21 (Europe) to a 6-week trough of 106.08 in New York, traders cited the sharp one-way drop possibly linked to Japan's Softbank currency hedging of its sales of $ 21 bln in value of its holdings in U.S. T-mobile.

As Tuesday's break of previous June's 106.58 low to 106.08 signals decline from June's 109.84 peak has resumed, price is en route to 105.99 (May low), then 105.15 next week. Therefore, trading the pair from short side is the way to go.
Offers are tipped at 106.60/70 with some stops touted above 106.75 while bids are noted at 106.30-20 with stops below 105.95.

U.S. will release some second-tier eco. data in New York morning, however, we have Chicago Fed President Evans n St. Louis Fed President scheduled to speak later today at 16:30GMT and 19:00GMT respectively.

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