AceTraderFx Sept 15:Intra-Day Market Moving News & Views & data to be released today

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

Intra-Day Market Moving News and View

Update Time: 04 Dec 2020 05:30GMT

EUR/USD - 1.2140.. The single currency is in near term holding pattern after climbing to a fresh 2-1/2 year peak of 1.2175 on continued usd's weakness, however, intra-day sharp retreat in cable triggered profit taking n dragged price lower to 1.2133 in New York afternoon.

Range trading is expected to continue until European open n as long as yesterday's 1.2102 (Europe) holds, euro's recent uptrend will be en route to 1.2200/05, however, near term loss of momentum is expected to prevent strong gain n reckon 1.2230/40 should cap upside. Bids are noted at 1.2135/30 with some stops below there, more buying interest is touted above 1.2100 with stops below there. Some offers are tipped at 1.2160/70 with stops above 1.2175.

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

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

Intra-Day Market Moving News and View

Update Time: 07 Dec 2020 05:30GMT

EUR/USD - 1.2132.. Euro moves narrowly in subdued Asian morning after Friday's retreat from a fresh 2-1/2 year peak of 1.2177 (Europe) to 1.2111 in New York session as intra-day jump in US yields triggered broad-based short covering in the greenback.

Although euro's decline from 1.2177 suggests temp. top is made n range trading would continue with near term downside bias, buying the single currency is still favoured.
Order book is pretty thin on Monday, some offers are tipped at 1.2140/50 n more above with stops above 1.3180.
Some bids are noted at 1.2110/00 with stops below there.

On the data front, we have Germany's industrial output at 07:00GMT n then EU's Sentix investor confidence at 09:30GMT.

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AceTraderFx Dec 08: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and View

Update Time: 08 Dec 2020 06:30GMT

EUR/USD - 1.2109.. Trading the single currency was very tricky on Monday as price swung wildly in hectic European n New York sessions. Although price staged a recovery in Asia to 1.2140, price fell in sympathy with cable in European morning to 1.2079, the pair then rallied due to another round of usd's weakness n climbed to session highs of 1.2166 in New York morning but only to pare intra-day gain on selling in euro crosses to 1.2108 n then 1.2105 in Asia.

As yesterday's rebound from 1.2079 to 1.2166 suggests pullback from Fri's 2-1/2 year peak at 1.2177 has ended, despite intra-day retreat, as long as 1.2079 holds, upside bias for re-test of 1.2166, break would encourage for gain to 1.2177.
Bids are noted at 1.2105/00 and more below with stops touted below 1.2075.
Offers are tipped at 1.2140/50 n more above with stops reported above 1.2180.

The euo area countries will release a slew of eco. indicators (please refer to our EI page for details), pay attention to Germany's ZEW economic sentiment n EU Q3 at 10:00GMT.

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AceTraderFx Dec 09: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and View

Update Time: 09 Dec 2020 05:30GMT

USD/JPY - 104.14.. Dollar continues to move narrowly near 104.00 handle as market focus is on other usd majors. Although price met renewed buying at 103.96 at Asian open Tue n ratcheted higher to 104.20 in New York morning, lack of follow-through buying ended with price moving narrowly in subdued New York afternoon.

As last week’s erratic rise from 103.68 (Thursday) to 104.31 Mon suggests choppy trading above previous daily sup at 103.66 would continue, rebound in US yesterday may help price to head to 104.50/60 later.
Bids are noted at 104.05-95 with some stops below 103.90, more stops are reported below 103.65.
Offers are tipped at 104.30/40 with stops above there n more stops are touted above 104.75.

On the data front, U.S. will later release second-tier data (please refer to our EI page for details).

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

Intra-Day Market Moving News and View

Update Time: 10 Dec 2020 05:30GMT

USD/JPY - 104.34.. Despite dlr's intra-day fall in Europe on Wed from 104.25 to 104.06, price caught a bid in New York trading due to broad-based usd's recovery n climbed to session highs of 104.40 before retreating to 104.19 in tandem with US yields.

As the pair has regained traction in lively Asian trading due to renewed yen-selling especially vs eur and aud, upside bias is retained for further headway to 104.55/60, however, as price is expected to remain confined inside established range of 103.66-104.75, risk is seen for a strong retreat later today.
In the meantime, bids are noted at 104.20-10 with stops below 103.90 while offers are tipped at 104.40/50 and more above with stops above 104.80.

U.S. will later release a slew of eco. indicators later today, pay attention to weekly jobless claims n continued jobless claims as well as core CPI n CPI, all due out at 13:30GMT.

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

Intra-Day Market Moving News and View

Update Time: 11 Dec 2020 05:30GMT

USD/JPY - 104.00.. Despite extending recent erratic rise from last week's low at 103.68 to an 8-day high of 104.57 in European morning Thursday, the Japanese yen caught a bid in NY session n knocked price to 104.18 in late New York trade.

Dlr easily penetrated said Thursday's low at Asian open on Fri due to another bout of yen buying n fell to 103.93. As price is likely to remain confined inside recent broad range of 103.66-104.75, near term oversold condition would keep price above lower indicated level. For now.
Offers are tipped at 104.10/20 whilst bids are noted at 103.75/70 with stops reported below 103.65.

T.G.I.F., U.S. will later release PPI, core PPI then University of Michigan consumer confidence.

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AceTraderFx Dec 14: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and View

Update Time: 14 Dec 2020 05:30GMT

USD/JPY - 104.01.. Although the pair opened marginally higher to 104.10 in New Zealand due to intra-day rise in eur/yen cross, price quickly erased initial gain n quickly retreated to 103.87 due to broad-based usd's weakness caused by initial spike up in the cable.

As dlr's decline from last week's high at 104.57 (Thursday) to 103.83 in NY Fri suggests price would continue to gyrate inside recent 103.66-104.75 broad range, near term downside bias remains n below 103.83 may head back to 103.66/68 later today. Offers are tipped at 104.10/20 with stops above 104.30 whole bids are noted at 103.90/85 with stops reported below 103.65.

No eco. data is due out from the U.S., so market may take cue from U.S. yields n intra-day swings in eur/usd.

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

Intra-Day Market Moving News and View

Update Time: 15 Dec 2020 05:30GMT

USD/JPY - 104.07.. Dollar maintains a firm undertone in subdued Asian trading after a roller-coaster Monday's session. Despite ratcheting lower from 104.10 (New Zealand) n then intra-day selloff in New York below prev. 103.66 sup to 1-month trough of 103.52 in New York morning, the pair swiftly erased intra-day losses n later rallied back to 104.10 as the greenback caught a bid in New York session.

As Mon's strong bounce from 103.52 suggests further volatile trading above Nov's 7-1/2 month bottom at 103.18 would continue, upside bias is seen for a retracement of recent decline towards last week's high at 104.57 (Thursday).
Bids are noted at 103.90/80 with stops below 103.65 and more below 103.50. Some offers are tipped at 104.10/20 with stops touted above 104.30.

The Fed starts its last 2-day monetary meeting for the year today.
On the eco. front, we have a release of a slew of data in New York session, please refer to our EI page for details.

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AceTraderFx Dec 16: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and View

Update Time: 16 Dec 2020 05:30GMT

EUR/USD - 1.2155.. Trading the single currency was tricky in Tuesday's directionless session. Despite intra-day retreat from 1.2163 (Asia) to 1.2132 in European morning, price rose to 1.2167 but then fell briefly but sharply to 1.2122 at New York open due to intra-day cross selling esp. vs gbp but price later climbed in tandem with sterling on broad-based usd's weakness to session highs of 1.2169.

Despite euro's retreat from Monday's 2-/12 year peak of 1.2177 to 1.2122, as long as Monday's 1.2116 low holds, upside bias remains n above said res would extend recent uptrend to projected target at 1.2216.
Bids are noted at 1.2140-30 n more below with stops below 1.2100.
Offers are tipped at 1.2165/75 with fairly large stops touted above 1.2180 n more above 1.2200.

Today is PMI day in the euro area countries, please refer to our EI page for details. The Eurogroup will hold videoconference in Brussels n ECB President Lagarde and board member Panetta will also participate in the meeting.
Other ECB members will speak in various events today (please refer to our EI page for details).

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

Intra-Day Market Moving News and View

Update Time: 17 Dec 2020 05:30GMT

EUR/USD - 1.2209.. The single currency regained traction in early Asian trading on Thur after a strg retreat fm Wed's fresh 2-1/2 year peak of 1.2211 (Europe) to 1.2126 in post-FOMC NY due to profit taking.

As intra-day firmness suggests pullback has ended, re-test of 1.2211 would be forthcoming next, abv would encourage for gain to projected target at 1.2257, however, weakening of near term upward momentum is expected to prevent strg gain n reckon 1.2280/90 should cap upside today n risk has increased for a correction to take place later. Bids are noted at 1.2195/85 n more below with some stops touted below 1.2150. Offers are tipped at 1.2110/20 (profit taking) with stops abv there.

On the dat front, France will kick off with busines climate n then we have EU's HICP n core HICP. Later , we have ECB members de Cos, Schnabel n de Guindos speaking in European afternoon.

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