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

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AceTraderFx Nov 20: Intra-Day News and Views & data to be released today – EUR/USD

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

EUR/USD - 1.1871... The single currency went through a volatile session on Thursday. Although euro rebounded from 1.1833 at Asian open to 1.1852 at European open, price dropped to 1.1817 on active safe-haven usd buying. However, the pair erased intra-day losses and rallied to 1.1882 near New York close as U.S. Democrats and Republicans agreed to resume Covid-19 relief talks before weakening to 1.1866 in Australia today on profit-taking but then recovered to 1.1878 in Asian morning.

Despite euro's erratic fall from Tuesday's 1-week high at 1.1893 to 1.1817 yesterday, subsequent rise to 1.1882 suggests re-test of November's 7-week peak at 1.1919 would be seen after consolidation, where break would extend recent upmove from November's 3-month trough at 1.1603 to 1.1935/40 before prospect of retreat due to loss of upward momentum.
Bids are noted at 1.1870-65 with move below and stops below 1.1830 while offers are tipped at 1.1900/10 with stops above 1.1940/50.

On the data front, only Italy will release industrial orders and industrial sales at 09:00 GMT. Also, market focus will be at 08:00 GMT, where ECB President Christine Lagarde will speak at the online Frankfurt European Banking Congress, followed by German Finance Minister Olaf Scholz and European Commission Vice President Frans Timmermans. Traders should also keep an eye out for any U.S. stimulus talks related headlines.

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AceTraderFx Nov 23: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 23 Nov 2020 05:30GMT

USD/JPY - 103.75... Although the greenback recovered from 103.79 to 103.86 in New Zealand, price retreated to 103.72 in holiday-thin Asian morning as Japanese markets are off for Labour Thanksgiving Day due to renewed usd's weakness together with drop in U.S. Treasury yields.

Despite dollar's strong rebound from last Wednesday's 8-day low at 103.66 to 104.21 on Thursday, subsequent retreat to 103.71 on Friday suggests recovery has ended and decline from November's peak at 105.67 would head to 103.45/50 after consolidation, however, 'loss of downward' momentum should keep price above November's 7-1/2 month trough of 103.18.
Hence, selling on pullback is still favoured, offers are tipped at 103.85/90 with more above and stops above 104.40 while bids are noted at 103.50-45 with stops below there.

On the calendar front, U.S. will release national activity index at 13:30 GMT, followed by Markit manufacturing PMI and Markit services PMI at 14:45 GMT with street forecasts at 53.0 and 55.3 respectively versus prior readings of 53.4 and 56.9. We also have Richmond Fed President Thomas Barkin scheduled to peak at 17:30 GMT and then San Francisco President Mary Daly at 18:00 GMT.

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

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

USD/JPY - 104.55... Although the greenback fell from 103.86 in New Zealand to 103.69 in Europe yesterday, price found renewed buying and rallied to 104.63 in New York on broad-based usd's strength following release of robust U.S. manufacturing and services PMI data before retreating to 104.28 on profit-taking. The pair then briefly rose to 104.64 at Asian open today.

Despite dollar's resumption of decline from November's 3-week high at 105.67 to retrace upmove from November's 7-1/2 month trough of 103.18 to an 8-day low at 103.66 last Wednesday, yesterday's rally above 104.21 res to 104.64 today suggests temporary bottom is made and further headway to 105.13/15 would be seen after consolidation before prospect of retreat later.
Bids are noted at 104.45-40 with more below and stops below 103.90 while offers are tipped at 104.80/85 with stops above 105.00/10.

On the calendar front, there will be a slew of data from the U.S. today, please refer to our EI page for more details. We also have a few Fed officials scheduled to speak with Vice Chair Richard Clarida at 17:45 GMT on "The Federal Reserve's New Framework" in a panel before virtual IMF Conference.

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

Intra-Day Market Moving News and Views
Update Time: 25 Nov 2020 05:30GMT
USD/JPY - 104.55... The greenback went through a roller-coaster ride on Tuesday. Despite dollar's one-tick break above Monday's 104.63 high to 104.64 at Asian open, price met renewed selling and fell to 104.15 in Europe before rising to a 1-week high of 104.75 in New York morning on rally in U.S. Treasury yields but only to weaken to 104.43 near the close on broad-based usd's weakness. The pair then recovers to 104.59 in Asian morning today.

Despite dollar's resumption of decline from November's 105.67 high to 103.66 last Wednesday, Monday's jump to 104.63 suggests temporary low is made and as price has risen after pullback to 104.15, consolidation with upside bias remains for gain to 105.13/15 before prospect of retreat.
Bids are noted at 104.50-45 with stops below 104.15 while offers are tipped at 105.00/10 with stops above there.

As the U.S. markets will be closed for Thanksgiving Day on Thursday, some U.S. economic data has been moved forward to today, please refer to our EI page for more details. Also, FOMC will release the minutes from its November 4-2, 2020 policy meeting at 19:00 GMT.

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

Intra-Day Market Moving News and View
Update Time: 26 Nov 2020 05:30GMT

USD/JPY - 104.33... The greenback moved broadly sideways on Wednesday as focus was on other major currencies. Price retreated from 104.59 in Asian morning to 104.27 in New York morning due to fall in U.S. Treasury yields before recovering to 104.47 near the close on cross-selling in the Japanese yen and then weakened to 104.31 in Asian morning today.

Although dollar's jump from this week's low at 103.69 to 104.63 on Monday, then 104.75 (Tuesday) suggests decline from November's 105.67 peak has made a temporary bottom at 103.66 last Wednesday, subsequent retreat to 104.27 yesterday signals choppy sideways swings with downside bias would be seen for weakness to 103.85/90 but 103.66/69 should hold, yield another bounce.
As usd remains weak in Asian morning, selling on recovery is favoured, offers are tipped at 104.50/55 with stops above 104.80/90 while bids are noted at 104.00-103.90 with stops below there.

Data to be released on Thursday:
New Zealand imports, exports, trade balance, Australia capital expenditure, building capex, Japan leading economic index, coincident index,.
Germany consumer sentiment, Swiss non-farm payrolls, France consumer confidence, Italy trade balance.
Today is U.S. market holiday.

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

Intra-Day Market Moving News and View
Update Time: 27 Nov 2020 05:30GMT

EUR/USD - 1.1913.. Trading the single currency proved to be tricky y'day as despite continuing this week's winning streak to a fresh 11-week peak of 1.1940 in early European morning, euro quickly erased intra-day gains n fell broadly on profit taking to as low as 1.1886 ahead of N. American open.

Price later rebounded to 1.1918 in tandem with sterling on short covering following upbeat Brexit news that EU's chief Brexit negotiator Barnir will continue talks with UK on Fri (see earlier update for details). Euro's rebound from 1.1886 has retained bullish for resumption of recent upmove to 1.1970/80 later today, however, loss of momentum should cap price below 2020 peak at 1.2011 (Sep).
Bids are noted at 1.1900-1.1890 with stops reported below 1.1880 while offer are tipped at 1.1930/40 with stops abv there.

The euro area countries will release a slew of eco. data in European morning, pls refer to our Economic Indicators section
for details.

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AceTraderFx Nov 30: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and View
Update Time: 30 Nov 2020 05:30GMT

EUR/USD - 1.1972.. The single currency continued its recent winning streak n climbed abv Fri's 1.1964 high (NY) to a 12-week top of 1.1975 (Reuters) after meeting renewed buying at 1.1956 at NZ open, suggesting price is en route twd its 2020 2-year peak at 1.2011 after consolidation, however, break of this key res is needed to retain recent bullishness.

Therefore, whilst trading euro fm the long side is the way to go as a daily close abv 1.2011 needed to extend MT uptrend twd next projected target ay 1.2065 later.
Order book is fairly thin on Monday, some bids are noted at 1.1950-40 with some stops below there. While offers are tipped at 1.1990/00 (profit taking) with stops touted abv 1.2015.

The euro area countries will release a slew of eco. data, pls refer to our EI section for details. There is a meeting of eurozone FinMins later today n ECB President Lagarde n board member Panetta will participate in in Eurogroup meeting (via videoconference).

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

Intra-Day Market Moving News and View
Update Time: 01 Dec 2020 05:30GMT

USD/JPY - 104.35.. The greenback moved narrowly on the first trading day in Dec but final month of 2020 in early Asian morning after Monday's wild swings. The pair staged a strong recovery from yesterday's near 1-week low of 103.84 to 104.34 in European morning but fell back to 103.92 in New York morning but later rallied to session highs of 104.40 near the close as the greenback caught a bid due to month-end demand.

Yesterday's 3-legged rise from 103.84 to 104.40 suggests further choppy swings above previous 103.66 sup would continue with near term upside bias, however, as broad outlook remains consolidative, reckon upside would falter below last week's high at 104.75 (Tue).
Bids are noted at 104.20-10 and more below with stops below 103.80. Offers are tipped at 104.45/50 n more above with stops reported above 104.75.

On the eco. data front, the U.S. will later release redbook sales, Markit mfg PMI, ISM mfg PMI n cibstruction spending. Fed Chairman J. Powell will testify before the Senate Banking Committee at 15:00GMT n we also have several Fed officials speaking in New York session (pls refer to our EI section for details).

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

Intra-Day Market Moving News and View
Update Time: 02 Dec 2020 05:30GMT

USD/JPY - 104.36.. Despite extending near term rise from Monday's 103.84 to 104.57 in New York morning due to intra-day active cross-selling of yen on risk sentiment n rising U.S. yields, the pair finally succumbed to usd's broad-based weakness and retreated as the usd index tumbled to a 2-1/2 year low of 91.158.

Although yesterday's gain to 104.57 suggests price remains confined inside recent broad range of 103.66-104.75, subsequent retreat signals consolidation with downside bias is seen, below 104.00 would yield weakness towards 103.84 later.
Offers are tipped at 104.45/55 n more above with stops reported above 104.75. Bids are noted at 104.25/20 with stops below 104.00 n more below 103.65.

Data to be released on Wednesday :
New Zealand terms of trade, import prices export prices.
UK BRC shop price index, Australia GDP, Japan consumer confidence, Germany retail sales, Swiss CPI, Italy unemployment rate, EU producer price index, unemployment rate.
Canada labour productivity rate and U.S. MBA mortgage applications, ADP employment change.

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

Intra-Day Market Moving News and View
Update Time: 03 Dec 2020 05:30GMT

USD/JPY - 104.50.. The pair continues to move more in familiar territory as market focus is on other usd majors. Despite initial dip yesterday to 104.23, price climbed steadily higher on active yen selling due to risk-on sentiment, price hit session highs of 104.74 ahead of rising US yields b4 retreating on renewed broad-based weakness, price later ratcheted lower to 104.40 at NY close.

Dlr's retreat from 104.74 suggests further choppy swings below last week's high at 104.75 would continue n anticipated usd weakness signals downside bias remains for further decline to 104.00 after consolidation but this week's 103.84 low (Mon) may hold. Offers are tipped at 104.60/70 with fairly large stops abv 104.75 while bids are noted at 104.40/35 n more below with stops below 104.00, more stops are touted below 103.80.

U.S. will later release a slew of eco. data, pay attention to weekly initial jobless claims, continued jobless claims, then later Markit services PMI n IS< non-mfg ISM PMI.

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