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

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

Intra-Day Market Moving News and View

Update Time: 05 Jan 2021 05:30GMT

USD/JPY - 103.14... The greenback swung wildly in hectic trading on the first trading day of 2021. The pair met renewed selling at 103.31 ahead of Asian open yesterday and fell to a near 10-month trough at 102.72 in European morning after penetrating December's bottom at 102.88. However, lack of follow-through selling triggered active short-covering and price rebounded strongly to 103.25 in New York on safe-haven usd buying due to a selloff in U.S. stocks.

Although dollar's rebound from yesterday's near 10-month trough at 102.72 to 103.25 suggests recent decline has made a temporary low there and choppy trading with mild upside bias would be seen, reckon offers at 103.30/40 would limit upside and yield another fall. Below 102.97/00 would bring re-test of said bottom, break would extend to 102.40/50.

The is a slew of data to be released from U.S. today but one should pay attention to ISM manufacturing PMI at 14:45GMT. Street forecast is 56.6, down from previous reading of 57.5.

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AceTraderFx Jan 06: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and View

Update Time: 06 Jan 2021 05:30GMT

EUR/USD - 1.2283... The single currency rebounded strongly from 1.2254 to 1.2306 in New York yesterday and then rose briefly above last Wednesday's fresh 2-1/2 year peak at 1.2309 to 1.2325 in Asia today. However, lack of follow-through selling triggered profit-taking and price retreated sharply to 1.2278 and continues to remain under pressure.

Euro's intra-day sharp retreat from a fresh 2-1/2 year peak at 1.2325 suggests Medium Term upmove has possibly made a temporary top there and consolidation with downside bias remains for stronger retracement to 1.2242.
Offers are now seen at 1.2280/90 and more above at 1.2300/10 with stops building up above there whilst initial bids are seen at 1.2210/20.

There is a slew of data out from the eurozone today including final readings on services PMIs but one should pay particular attention to Germany's prelim CPI mm and yy at 13:00GMT.
Street forecasts are 0.6% and -0.3% vs previous readings of -0.8% and -0.3% respectively.

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

Intra-Day Market Moving News and View

Update Time: 07 Jan 2021 05:30GMT

EUR/USD - 1.2323... The single currency went through a roller-coaster ride on Wednesday as despite initial retreat from 1.2325 to 1.2276 in Asia, price rallied to a fresh 32-month peak at 1.2349 in Europe on usd's weakness together with cross-buying of euro especially vs sterling. Lack of follow-through buying triggered profit-taking and price tumbled to 1.2267 in New York morning before rebounding strongly to 1.2345 in Asia today.

Despite yesterday's selloff from 1.2349 to 1.2267, subsequent rebound to 1.2345 today suggests the pullback has ended and Medium Term upmove would resume after consolidation and head to 1.2368/70, then 1.2388.
Bids are now seen at 1.2310/20 and more below at 1.2290/00 with stops building up below there whilst initial offers are noted at 1.2390/00.

There is a slew of economic data due from the eurozone today and one should pay particular attention to EU retail sales mm and yy at 09:00GMT. Street forecasts are -3.4% and 0.8% vs previous readings of 1.5% and 4.3% respectively.

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

Intra-Day Market Moving News and View

Update Time: 08 Jan 2021 05:30GMT

EUR/USD - 1.2260... The single currency met renewed selling at 1.2345 in Asia yesterday and tumbled to 1.2246 in European morning on usd's broad-based strength before staging a rebound to 1.2282 in New York morning only to fall again to 1.2236 in Asian morning today. However, lack of follow-through buying triggered short-covering and price recovered to 1.2264.

Euro's intra-day brief break of yesterday's low at 1.2246 to 1.2236 suggests corrective decline from Wednesday's 2-1/2 year peak at 1.2349 has once again resumed and current rebound would yield range trading before prospect of another fall. Offers are now raised to 1.2280/90 with stops building up above there whilst initial bids are noted at 1.2190/00.

There is a slew of data to be released from eurozone today and one should pay particular attention to release of EU unemployment rate at 09:00GMT. Street forecast is 8.5% vs previous reading of 8.4%.

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

Intra-Day Market Moving News and View

Update Time: 11 Jan 2021 05:30GMT

EUR/USD - 1.2176.. The euro regained traction in NY afternoon Fri after intra-day wild swings following release of key U.S. jobs report. Price penetrated Fri's 1.2193 low ahead of Asian open on renewed usd's strength n hit an intra-day low of 1.2168 in Asia.

As euro's break of 1.2210 sup on Fri confirms MT uptrend has made a temp. top at Wed's 33-month peak at 1.2349, downside bias remains for a stronger retracement to 1.2153, then next chart obj. at 1.2131, therefore, selling euro on recovery is recommended.
Order board is pretty empty as market in Japan is closed for holiday. Some offers are tipped at 1.2210/20 and more above while some bids are noted at 1.2165/55 with stops touted below 1.2130.

The only data due out from the euro area countries is EU's Sentix investors' confidence index at 09:30GMT.

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AceTraderFx Jan 12: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and View

Update Time: 12 Jan 2021 05:30GMT

USD/JPY - 104.28... The greenback traded with a firm undertone in Asia yesterday and gained to 104.21 before rising to session highs at 104.39 in New York morning on usd's broad-based strength together with a rise in U.S. yields. The pair then retreated to 104.08 in New York afternoon on profit-taking before rebounding again to 104.31 in Tokyo morning today.

Dollar's retreat after yesterday's resumption of upmove from last Wednesday's 9-1/2 month bottom at 102.60 would yield range trading before said move heads to 104.55/60 after consolidation.
Bids are now seen at 104.10/20 and more below at 103.80/90 with stops building up below there whilst initial offers are noted at 104.70/80.

Although there is no major economic data to be released from U.S. today, there are a slew of Fed speakers scheduled to speak today and one should pay particular attention to Kansas City Fed President Esther George's remarks on economic and monetary policy outlook at 18:00GMT.

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AceTraderFx Jan 13: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and View

Update Time: 13 Jan 2021 05:30GMT

USD/JPY - 103.56... The greenback traded sideways inside a narrow range in Asia and Europe yesterday as focus remained on other dollar majors. Price edged up to 104.33 in New York before tumbling to 103.73 near New York close on dollar's broad-based weakness. The pair then met renewed selling at 103.80 in Australia today and fell to 103.53 in Tokyo morning on continued usd weakness together with cross-buying in jpy.

Dollar's intra-day break below Tuesday's 103.73 low signals upmove from January's 9-1/2 month bottom at 102.60 has ended at 104.39 on Monday and consolidation with downside bias remains for weakness to 103.28, then 103.05/10.
Offers are now lowered to 103.70/80 and more above at 103.90/00 with stops building up above there whilst initial bids are noted at 102.90/00.

There is a slew of data to be released from U.S. today but pay particular attention to CPI mm and yy at 13:30GMT.
Street forecasts are 0.4% and 1.3% vs previous readings of 0.2% and 1.2% respectively. Elsewhere, St. Louis Fed President James Bullard will speak on the U.S. economy and monetary policy at Reuters Next Virtual Forum at 14:30GMT.

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

Intra-Day Market Moving News and View

Update Time: 14 Jan 2021 05:30GMT

USD/JPY - 104.07... Despite falling to 103.53 in Asia yesterday, price rallied to session highs at 103.99 in Europe due partly to rise in U.S. Treasury yields before retreating to 103.76 in New York. The pair then jumped in Asian morning today and penetrated Wednesday's high to 104.19 on usd's broad-based strength due to reports that Biden's aid plan would be around 2 trillion usd (see report below).

Dollar's intra-day jump to 104.19 suggests pullback from Monday's near 4-week peak at 104.39 has ended at 103.53 yesterday and consolidation with upside bias remains for a re-test of said resistance, break would extend recent upmove to 104.57/60. Bids are now seen at 103.90/00 and more below at 103.70/80 with stops building up below there whilst initial offers are noted at 104.70/80.

Pay attention to the release of U.S. jobless claims at 13:30GMT. Street forecasts is 780k, down from previous reading of 787k. Elsewhere, Federal Reserve Chairman Jerome Powell will participate at a virtual event at 17:30GMT.

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

Intra-Day Market Moving News and View

Update Time: 15 Jan 2021 05:30GMT

USD/JPY - 103.77... The greenback swung wildly in hectic trading yesterday as despite initial jump to 104.19 in Asia, price retreated to 103.96 before staging another rebound to 104.15 at New York open. The pair fell on broad-based usd's weakness and tumbled to 103.65 near New York midday n briefly hit session lows of 103.57 after Fed Chairman Powell said the Fed would not raise rates anytime soon but only to rebound on short covering n later recovered to 103.85 ahead of Asian open today.

Dollar's sharp retreat from 104.19 to 103.57 yesterday suggests choppy trading below Monday's 4-week peak at 104.39 would continue with downside bias and below Wednesday's reaction low at 103.53 would bring stronger retracement to 103.20/25. Offers are now seen at 103.80/90 with stops building up above there whilst initial bids are noted at 102.90/00.

There is a slew of U.S. data to be released today but pay particular attention to retail sales mm and retail sales ex-autos at 13:30GMT. Street forecasts are 0.0% and -0.1% vs forecasts of -1.1% and -0.9% respectively.

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

Intra-Day Market Moving News and View

Update Time: 19 Jan 2021 05:30GMT

USD/JPY - 103.71.. Despite extending Friday's intra-day gain in New York session to 103.93 at Asian open due to a bout of broad-based usd's buying following WSJ report which came out in New Zealand morning that incoming U.S. Treasury Secretary Janet Yellen (former Fed Chief) will reaffirm U.S. commitment to maintain a market-driven usd policy and not a weaker greenback to boost trade, the pair quickly pared initial gain on renewed cross-buying of yen n retreated to 103.70.

Last week's decline from Monday's 4-week peak at 103.53 (Wednesday) n subsequent daily swings suggests further choppy sideways swings are in store n as long as 104.19 (Wed's high) holds, downside bias remains.
Offers are tipped at 103.90/00 with stops touted above 104.20 while some bids are noted at 103.70/60 with stops reported below 103.50.

No U.S. ecoi. data is due out today as most U.S. financial markets are closed for Martin Luther King Jr. Day holiday.

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