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

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

Intra-Day Market Moving News and Views
Update Time: 03 Aug 2020 05:30GMT

EUR/USD - 1.1769... Although the single currency rose to a fresh 2-year peak at 1.1906 at European open on Friday, price erased its gains on usd's broad-based rally and tumbled to 1.1762 in New York. The pair then recovered to 1.1796 in New Zealand today, however, renewed selling there knocked price back down to 1.1742 in Asia due partly to cross-selling in euro especially vs sterling before stabilising.

Euro's intra-day break below 1.1762 suggests MT uptrend has made a temporary top at 1.1906 on Friday and choppy trading with mild downside bias would be seen. However, bids at 1.1730/40 and below at 1.1710/20 would contain current fall and yield a much-needed recovery later.

There is a slew of manufacturing PMIs to be released from the eurozone today. Pay particular attention to Germany's figure at 07:55GMT, which is expected to remain unchanged at 50.0.

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

Intra-Day Market Moving News and Views
Update Time: 04 Aug 2020 05:30GMT

USD/JPY - 106.16... The greenback swung wildly in hectic trading yesterday as despite initial jump to 106.43 in Asia, price fell sharply to session lows at 105.59 in European morning due partly to cross buying in jpy. The pair then erased intra-day losses and rallied to 106.47 in New York morning on usd's renewed strength before retreating to 105.92 in late New York on profit-taking. However, renewed buying there lifted the usd and price rebounded to 106.19 in Asia today.

Dollar's sharp retreat from 106.47 to 105.92 yesterday suggests the 1st leg of correction from Friday's 4-1/2 month trough at 104.19 has ended there n consolidation with downside bias remains for weakness to 105.70/80.
Offers are now seen at 106.20/30 with stops building up above there whilst initial offers are noted at 106.70/80.

Pay attention to the release of U.S. factory orders at 14:00GMT. Street forecast is 5.0% vs previous reading of 8.0%.

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

Intra-Day Market Moving News and Views
Update Time: 05 Aug 2020 05:30GMT

USD/JPY - 105.59... The greenback edged up to 106.19 in Asia yesterday before retreating to 105.85 in early European morning. Despite another rebound to 106.19 at New York open, failure to penetrate this level triggered renewed selling interest and the pair dropped to 105.64 in New York afternoon on falling U.S. Treasury yields together with cross-buying in jpy, then lower to 105.52 in Asian morning today.

Although dollar's intra-day break below yesterday's low at 105.64 suggests 1st leg of correction from last Friday's 4-1/2 month trough at 104.19 has ended at 106.47 on Monday.
Bids at 105.40/50 and below at 105.20/30 should contain downside and yield another rebound later today.

Pay attention to the release of U.S. ADP employment at 12:15GMT and ISM non-manufacturing PMI at 14:00GMT. Street forecasts are 1,500k and 55.0 vs previous readings of 2,369k and 57.1 respectively.

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AceTraderFx Aug 06: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views
Update Time: 06 Aug 2020 05:30GMT

USD/JPY - 105.58... The greenback traded sideways initially before edging up to session highs at 105.87 in European morning yesterday. However, renewed selling there knocked price down to an intra-day low at 105.33 in New York morning on dollar's broad-based weakness post the release of downbeat U.S. ADP private payrolls data. The pair then staged a recovery to 105.67 in New York afternoon before retreating to 105.47 in Asia today.

Dollar's rebound from yesterday's low at 105.33 suggests the pullback from Monday's high at 106.47 has possibly ended there and consolidation with upside bias remains for gain to 105.87, above would extend to 106.19, then 106.47 later.
Bids are now seen at 105.40/50 with stops building up below there whilst initial offers are noted at 108.60/70.

Although market focus is now on Friday's release of U.S. jobs report, pay attention to today's jobless claims figure at 12:30GMT. Street forecast is 1,415k vs previous reading of 1,434k.

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

Intra-Day Market Moving News and Views
Update Time: 07 Aug 2020 05:30GMT

EUR/USD - 1.1849.. Trading the single currency proved to be tricky in roller-coaster Thursday's session. Although euro edged higher from 1.1864 (Asia) and hit a fresh 2-year peak of 1.1915 at European open, broad-based long liquidation in euro knocked price to session lows of 1.1819 in New York morning but only to rebounded later to 1.1893.

Despite yesterday's rebound from 1.1819, euro's intra-day retreat in Asia suggests choppy sideways swings would continue in Europe as traders are keeping their powder dry for release of US NFP. Offers are tipped at 1.1880/90 with stops above 1.1900 and more stops are touted at 1.0920.
Bids are noted at 1.18230/20 n more below with stops reported below 1.1800.

The euro area countries will release a slew of eco. data in European morning, please refer to our EI page for details.

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

Intra-Day Market Moving News and Views
Update Time: 10 Aug 2020 05:30GMT

USD/JPY - 105.78... The greenback jumped to 106.05 in New York last Friday on release of upbeat U.S. jobs report, however, lack of follow-through buying triggered profit-taking and price retreated to 105.73 in thin Asian trading today as Japanese markets remain closed for Mountain Day holiday as geopolitical tensions between U.S. and China continue to linger.

Dollar's strong rebound from last Thursday's low at 105.31 to 106.05 Friday suggests pullback from last week's high at 106.47 (Monday) has ended there and intra-day retreat would yield consolidation before prospect of another rise later. Above 106.05 would head to 106.19/20.
Bids are now seen at 105.60/70 with stops building up below there whilst initial offers are noted at 106.30/40.

In the absence of any economic data from U.S. today, pay attention to remarks from Chicago Federal Reserve President Charles Evans, who is scheduled to speak at 20:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 11 Aug 2020 05:30GMT

USD/JPY - 106.03... The Japanese yen swung wildly in hectic trading yesterday as despite initial retreat to 105.73 in Asia, price rallied to session highs at 106.19 ahead of New York open on usd's strength before dropping to an intra-day low at 105.71 in New York morning. The pair then rebounded strongly to 106.17 in Asia today due partly to the initial rally in Nikkei-225 as Japanese markets resumed trading before retreating again.

Despite dollar's retreat from 106.19 to 105.71 yesterday, subsequent rebound suggests consolidation with upside bias remains and above 106.19 would bring re-test of last Monday's peak at 106.47.
Bids are now seen at 105.80/90 and more below at 105.60/70 with stops building up below there whilst initial offers are noted at 106.60/70.

In the absence of major economic data from U.S. today, pay attention to comments from Richmond Federal Reserve President Thomas Barkin, who is set to on "Perspectives on the economy and what is next for recovery" at a webinar at 15:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 13 Aug 2020 05:30GMT

EUR/USD - 1.1808... Although the single currency dropped to session lows at 1.1712 in Asia, price erased its losses and rallied to 1.1778 in European morning, then higher to 1.1816 in New York morning on usd's broad-based weakness together with cross-buying in euro especially vs sterling.
The pair then retreated to 1.1781 in Australia today, however, renewed buying there lifted the pair to 1.1816 again in Asia today.

Euro's rally from 1.1712 to 1.1816 yesterday suggests decline from last Thursday's fresh 2-year peak at 1.1915 has made a temporary low there and consolidation with upside bias remains for gain to 1.1840/50.
Bids are now seen at 1.1770/80 and more below at 1.1750/60 with stops building up below there whilst initial offers are noted at 1.1870/80

Thursday data releases :
New Zealand food price index, UK RICS housing survey, Japan corporate goods price, machine tool orders, Australia employment change, unemployment rate.
France ILO unemployment rate, Germany CPI, HICP, wholesale price index.
U.S. import prices, export prices, initial jobless claims, continued jobless claims.

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

Intra-Day Market Moving News and Views
Update Time: 14 Aug 2020 05:30GMT

EUR/USD - 1.1811... The single currency swung wildly in hectic trading yesterday. The pair traded with a firm bias in Europe and gained to session highs at 1.1864 in New York morning on usd's broad-based weakness, however, price pared its gains and retreated sharply to 1.1794 in New York afternoon. Euro then staged a rebound to 1.1820 at Asian open today before retreating again to 1.1802.

Euro's sharp retreat from 1.1864 to 1.1794 yesterday suggests the recovery from Wednesday's low at 1.1712 has ended there and consolidation with downside bias remains for weakness to 1.1750/55.
Offers are now seen at 1.1830/40 with stops building up above there whilst initial bids are noted at 1.1720/30.

EU will release its final figures its Q2 GDP at 09:00GMT. Street forecasts for QQ and YY are -12.1% and -15.0%, unchanged from their preliminary readings respectively.

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

Intra-Day Market Moving News and Views
Update Time: 17 Aug 2020 05:30GMT

USD/JPY - 106.52... The greenback remained under pressure on Friday and dropped to session lows at 106.44 in New York morning on usd's broad-based weakness due to stalemate in talks between the Democrats and Republicans on the coronavirus pandemic aid stimulus. The pair then staged a short-covering rebound to 106.65 in New Zealand today, however, price met renewed selling interest and retreated to 106.47 in Asian morning.

Dollar's fall to 106.44 on Friday suggests the 1st leg of correction from July's 4-1/2 month trough at 104.19 has ended at last Thursday's near 3-week peak at 107.04 and mild downside bias would be seen, however, bids at 106.20/30 would contain current fall and yield another rebound.

In the absence of major economic data from the U.S. today, one should pay attention to comments from Atlanta Fed President Raphael Bostic, who is scheduled to speak at 16:00GMT.