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

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

Intra-Day Market Moving News and Views
Update Time: 19 Aug 2020 05:30GMT

USD/JPY - 105.36... The greenback resumed its recent losing streak and continued to remain under pressure in European session yesterday. The pair fell to 105.29 in New York morning on usd's broad-based weakness as negotiations between the Republicans and the Democrats remain at a standstill. The pair then met renewed selling at 105.46 in Australia today and fell to 105.11 in Tokyo morning before staging a strong short-covering rebound to 105.41.

Dollar's intra-day break below yesterday's low at 105.29 signals decline from last week's 3-week peak at 107.04 remains in progress and further weakness to 104.80/90 would be seen before prospect of a correction. Offers are now seen at 105.40/50 and more above at 105.60/70 with stops building up above there whilst initial bids are noted at 104.50/60.

In the absence of key economic data from U.S., focus is on the release of FOMC meeting minutes at 18:00GMT. Investors should pay attention to the language used as it could provide further hints about the policy path the central bank would tread on during these challenging times for the economy.

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

Intra-Day Market Moving News and Views
Update Time: 20 Aug 2020 05:30GMT

USD/JPY - 106.12... The greenback swung wildly in hectic trading yesterday as despite rebounding strongly from Asian low at 105.11 to 105.60 ahead of European open, price retreated to 105.18 ahead of New York open. However, the pair then erased its losses and rallied to session highs at 106.14 near New York close on usd's broad-based rally after the rally of Fed's FOMC minutes, which hinted the central bank would consider extending the duration on its aggressive monetary policy. Price then found renewed buying at 105.98 in Australia today and gained to 106.21 before stabilising.

Dollar's intra-day break above overnight resistance at 106.14 suggests decline from August's near 3-week peak at 107.04 has made a temporary low at 105.11 yesterday and consolidation with upside bias remains for stronger retracement to 106.65.
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 106.90/00.

Pay attention to the release of U.S. jobless claims at 12:30GMT. Street forecast is 925k vs previous reading of 963k. Elsewhere, the President of San Francisco Federal Reserve Mary Daly will speak at 17:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 24 Aug 2020 05:30GMT

EUR/USD - 1.1802.. The single currency pares Friday's losses in relatively subdued Asian trading n recovered to 1.1806 ahead of Asian open, suggesting range trading is in store.

As Fri's selloff from 1.1882 (Europe) due to downbeat euro zone PMI data to an 8-day low of 1.1755 in New York on broad-based usd's strength signals decline from last Tuesday's 2-year peak at 1.1965 would resume towards next daily obj. at 1.1712 after consolidation.
Order book is pretty light on Monday with offers tipped at 1.1805/10 and stops above 1.1835 while some bids are noted at 1.1765-55 with stops below 1.1750.

There is no eco. data due out from the euro zone, however, German Bundesbank will release its monthly report during European morning.

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

Intra-Day Market Moving News and Views
Update Time: 25 Aug 2020 05:30GMT

USD/JPY - 105.90... The greenback traded narrowly in Asia and Europe yesterday as market focus remained on other dollar majors. Despite retreating to 105.70 in Asia, price rebounded to 105.99 in New York afternoon due to the rise in U.S. yields and stocks, then higher to 106.05 in Tokyo morning today. However, lack of follow-through buying triggered profit-taking and price retreated to 105.88.

Dollar's sideways move yesterday after Friday's rebound from 105.45 to 106.07 suggests choppy trading above last week's bottom at 105.11 would continue and above resistance at 106.21 would extend to 106.44/50 later.
Bids are now seen at 105.70/80 and more below at 105.50/60 with stops building up below there whilst initial offers are noted at 106.60/70.

There is a slew of data to be released from the U.S. today but one should pay particular attention to consumer confidence at 14:00GMT. Street forecast is for a slight uptick to 93.0 from previous reading of 92.6. Elsewhere, Richmont Fed President Thomas Barkin is scheduled to speak at 15:30GMT.

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AceTraderFx Aug 26: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views
Update Time: 26 Aug 2020 05:30GMT

USD/JPY - 106.51... The greenback traded with a firm bias in Asia and Europe yesterday on the return of risk sentiment due to U.S.-China trade optimism and price gained to 106.49 before retreating to 106.26 at New York open. However, renewed buying there lifted the pair and dollar rose to session highs at 106.57 in New York morning before stabilising.

Dollar's break above previous resistance at 106.21 to 106.57 yesterday suggests near term decline from Augu'st peak at 107.04 has made a low at last week's bottom at 105.11 and consolidation with upside bias remains for stronger retracement to 106.80/90. Bids are now seen at 106.20/30 with stops building up below there whilst initial offers are noted at 107.00/10.

Pay attention to the release of U.S. durable goods at 12:30GMT. Street forecast is 4.3% vs previous reading of 7.6%.

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

Intra-Day Market Moving News and Views
Update Time: 27 Aug 2020 05:30GMT

EUR/USD - 1.1828... The single currency swung wildly in hectic trading yesterday as despite edging up to 1.1840 in Asia, price dropped to session lows at 1.1773 at New York open on usd's brief strength on the back of upbeat U.S. data. However, the pair erased its losses and rebounded strongly to 1.1838 in late New York, then to 1.1849 today in Asia before retreating again.

Euro's intra-day re-test of Monday's high at 1.1749 suggests near term upmove from last Friday's low at 1.1755 would resume after consolidation and head to 1.1860/65, however, offers at 1.1860/70 would limit upside and yield another retreat later. Below 1.1773 would bring re-test of 1.1755 later.

In the absence of major economic data from EU today, pay attention to comments from ECB board member Philip Lane at 15:50GMT, who is scheduled to speak at the 44th Economic Policy Symposium.

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

Intra-Day Market Moving News and Views
Update Time: 28 Aug 2020 05:30GMT

EUR/USD - 1.1832... The single currency went through a volatile session in New York yesterday as despite initially rebounding to 1.1849 in Asia, price dropped to 1.1795 ahead of New York open before jumping to an intra-day high at 1.1901 after Fed Chairman Powell's initial remarks. However, the pair then swiftly erased its gains and tumbled to session lows at 1.1763 on usd's broad-based rally before staging a strong recovery to 1.1834 in New York afternoon and then trading sideways today.

Euro's selloff from 1.1901 to 1.1763 yesterday suggests the recovery from last Friday's low at 1.1755 has ended there and subsequent rebound would yield consolidation before prospect of another retreat later.
Offers are now seen at 1.1850/60 and more above at 1.1870/80 with stops building up above there whilst initial bids are noted at 1.1730/40.

Pay attention to the release of EU business climate, economic sentiment and consumer confidence at 09:00GMT. Street forecasts are -1.18, 85.0 and -14.7 vs previous readings of -1.80, 82.3 and -14.7 respectively.

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AceTraderFx Aug 31: Intra-Day News and Views & data to be released today- EUR/USD

Intra-Day Market Moving News and Views
Update Time: 31 Aug 2020 05:30GMT

EUR/USD - 1.1911... The single currency rallied to 1.1919 in European morning on Friday on usd's broad-based weakness before retreating sharply to 1.1868 in New York morning. However, the pair found renewed buying there and gained to 1.1929 in Asian morning today and continues to trade with a firm bias.

Euro's intra-day break above Friday's high at 1.1919 to 1.1929 signals early correction from August's fresh 2-year peak at 1.1965 has ended at 1.1755 earlier and consolidation with upside bias remains for further gain to 1.1950/55 but aforesaid top should hold on 1st testing and yield retreat. Bids are now seen at 1.1880/90 with stops building up below there whilst offers are noted at 1.1960/70.

Pay attention to the release of Germany's CPI mm and yy at 12:00GMT. Street forecasts are -0.2% and 0.1% vs previous readings of -0.5% and -0.1% respectively.

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

Intra-Day Market Moving News and Views
Update Time: 01 Sept 2020 05:30GMT

USD/JPY - 105.68... The greenback found renewed buying at 105.30 in Asia yesterday and rallied to session highs at 106.09 in early New York morning due partly to cross-selling in jpy before retreating to 105.79 on profit-taking. The pair then staged a rebound to 106.03 at Asian open today, however, renewed selling there knocked price back down and dollar fell to 105.67 on usd's broad-based weakness.

Dollar's retreat from yesterday's high at 106.09 suggests the recovery from last Friday's low at 105.21 has ended there and consolidation with downside bias remains, below 105.21 would bring re-test of August's bottom at 105.11 later.

Offers are now seen at 105.80/90 with stops building up above there whilst initial bids are noted at 104.90/00.

Pay attention to the release of US ISM manufacturing PMI at 14:00GMT. Street forecast is for a slight uptick to 54.5 from previous reading of 54.2.

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

Intra-Day Market Moving News and Views
Update Time: 02 Sept 2020 05:30GMT

USD/JPY - 106.08... The greenback went through a roller-coaster ride on Monday as despite edging up to 106.03 in Asia, price swiftly dropped to session lows at 105.60. However, lack of follow-through selling triggered short-covering and price then rose to an intra-day high at 106.15 in New York morning due partly to upbeat U.S. data. Then pair then weakened to 105.86 at Asian open today before staging another recovery to 106.12.

Dollar's rebound from Monday's low at 105.21 to 106.15 yesterday suggests further choppy trading above August's bottom at 105.11 would continue with upside bias and marginal gain is likely.
However, offers at 106.40/50 and more above at 106.60/70 should cap current rise and yield retreat later.

Pay attention to release of U.S. ADP employment at 12:15GMT. Street forecast is 950k, up significantly from previous reading of 167k. Elsewhere, New York Fed President John Williams will speak at 14:00GMT whilst Minneapolis Fed President Kashkari will deliver remarks at 18:00GMT.

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