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

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

Intra-Day Market Moving News and View
Update Time: 19 Jan 2021 05:30GMT

EUR/USD - 1.2093.. Despite continuing its recent losing streak yesterday n hitting a 6-week trough of 1.2055 in European morning, euro caught a bid in active Asian trading today due to broad-based usd's weakness on return of risk appetite n climbed back to 1.2097.

Although intra-day rebound suggests temporary low has been made n sideways swings are in store in European morning, as long as 1.2112 (Thursday's low, now res) holds, prospect of one more fall is still envisaged, loss of near term downward momentum should keep price well above 1.2011 (prev. 2020 peak in September, now sup) today.
Offers are tipped at 1.2100/10 with stops above 1.2120/30, on the downside, bias are noted at 1.2070/75 n more below with stops below 1.2050.

The euro area countries will release a slew of eco. data in European morning, please refer to our EI page for details. Also there is a Euro Finance Minsters' meeting m ECB VP de Guindos will participate in this meeting.

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

Intra-Day Market Moving News and View
Update Time: 20 Jan 2021 05:30GMT

EUR/USD - 1.2143.. The single currency remained on the front foot in Tue's session. Price extended early climb from Monday's 6-week low at 1.2055 to 1.2098 initially in Asia yesterday, despite intra-day pullback to 1.2086 in European morning, price regained traction on renewed usd's weakness n later rallied to 1.2144 in New York morning before retreating to 1.2116 on profit taking after incoming U.S. Treasury Yellen reiterated U.S. will not weaken usd for trade advantage.

Although intra-day brief break of 1.2144 confirms euro's recent decline has made a temp. low, near term o/bot condition is likely to limit gain to 1.2178 n yield retreat later today.
Bids are noted at 1.2125/15 with some stops touted below 1.2100 while offers are tipped at 1.2165/75 with stops reported above 1.2180.

On the data front, we have Germany's PPI at 07:00GMT and then EU's HICP n core HICP at 10:00GMT.

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AceTraderFx Jan 21: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and View
Update Time: 21 Jan 2021 05:30GMT

EUR/USD - 1.2124.. Euro climbs to 1.2130 (Reuters) in Asian trading due to usd's weakness on renewed risk sentiment after yesterday's decline from 1.2157 (Europe) to 1.2077, suggesting further volatile swings above Monday's 6-week bottom at 1.2055 would continue until ECB monetary policy's announcement n then post-ECB presser.

As the ECB is widely expected to keep its rates unchanged but may well increase its stimulus measures due to continued eco. downturn in the euro zone after caused by the 2nd wave of COVID-19. Traders are also eagerly waiting for ECB President Lagarde's comments on the strength of the euro, if she hints at concerns by the ECB Governing Council of the single currency, then one can expect broad-based euro bashing.
For now, offers are tipped at 1.2130/40 with stops above 1.2160 while bids are noted at 1.2090/80 with stops below 1.2075 n more below 1.2050.

Ahead of ECB's rate announcement, the euro area countries will release a slew of eco. data (please refer to EI page for details).

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AceTraderFx Jan 22: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and View
Update Time: 22 Jan 2021 05:30GMT

EUR/USD - 1.2173.. Euro remains on the front foot in Asia n climbed marginally above Thursday's 1.2173 high to 1.2177 at Asian open due partly to broad-based euro buying vs yen n gbp.

Despite intra-day retreat from post-ECB New York morning high at 1.2173 after ECB President Lagarde said in Q&A session "very carefully monitoring fx rate", price met renewed buying at 1.2137 n edged back to 1.2169 near New York close. As euro's strong rise from Mon's 6-week trough at 1.2055 signals recent fall from Jan's near 33-month peak at 1.2349 has made a temp. low, stronger retracement towards chart obj. at 1.2222 is envisaed.
Bids are noted at 1.2160/50 with stops below 1.2130 while offers are tipped at 1.2175/80 with stops above there, ore stops are touted above 1.2225.

Today is PMI day in the euro area countries, France will kick off with Markit mfg n servcies PMI at 08:15GMT, then the same from Germany at 08:30GMT and finally from the EU at 09:00GMT, if the actula reading come in better than street forecast (see EI page for details), the euro will extend this week's winning streak.

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

Intra-Day Market Moving News and View
Update Time: 25 Jan 2021 05:30GMT

EUR/USD - 1.2173.. Euro also trades narrowly in Asia after Fri's resumption of near term upmove from last Monday's 6-week trough at 1.2055 to 1.2190 (Europe), as long as Fri's 1.2152 low holds, intra-day upside bias remains for said upmove to retrace recent decline to head to 1.2200/10, loss of momentum would cap price below res at 1.2222 n yield retreat later today.

For st trade, one can buy euro for marginal gain while position players may sell euro on upmove for another fall later this week.
Order board is pretty thin on Mon with some bids noted at 1.2165/55 with stops below 1.2135 whilst some offers are tipped at 1.2185/90 n more at 1.2210/20 with stops above 1.2230.

On the data front, Germany will kick off with key Ifo data at 09:00GMT, then the EU will release bus climate, eco. sentiment, industrial sentiment, services sentiment n consumer confidence at 10:00GMT.
We have a number of ECB members speaking today (pls see EI page for details), also pay attention to ECB President Lagarde who will speak at 08:45GMT n then at 16:00GMT.

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

Intra-Day Market Moving News and View
Update Time: 26 Jan 2021 05:30GMT

USD/JPY - 103.68.. Dlr erased Monday's gain and remained on the back foot in Asian morning on Tuesday due to intra-day broad-based retreat in the greenback following yesterday's rise, suggesting range trading is in store in Asia.

Having said that, as early rebound from Friday's 12-day low at 103.33 to 103.93 in New Year on Monday indicates recent correction from January's 4-week peak at 104.39 has possibly ended, prospect of another rise remains after consolidation.
Bids are noted at 103.70-60 with some stops below there while offers are tipped at 103.90/00 with stop reported above 104.10.

In the U.S., the Fed starts its first 2-day FOMC meeting in 2021 later today and there is a slew of eco. data due out in New York session, please refer to our EI page for details.

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

Intra-Day Market Moving News and View
Update Time: 27 Jan 2021 05:30GMT

USD/JPY - 103.70.. Dlr gains respite in directionless Asian trading on Wednesday after yesterday's intra-day fall from 103.82 (Europe) to 103.56 in New York morning as rebound in European n U.S. stocks boosted risk appetite and the greenback received broad-based bashing before stabilisng in New York afternoon.

As the decline from Monday's 103.93 high suggests early corrective rise from last week's low at 103.33 (Thursday) has possibly ended, downside bias remains and below 103.56 would bring re-test of 103.33, break would extend erratic fall from January's 104.39 to 103.10/15 but reckon 102.95 should hold.
Offers are tipped at 103.75/80 with stops above 103.95/00.

U.S. will release MBA mortgage application n durable goods in New York morning but all eyes are on Fed's rate decision n then Fed President J. Powell post-FOMC presser.
Traders will pay attention to Powell's comments doe any hint of Fed tapering (usd bullish) or continuation of present QA programme (usd bearish).

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AceTraderFx Jan 28: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and View
Update Time: 28 Jan 2021 05:30GMT

USD/JPY - 104.30.. Dlr caught a bid in European morning on Wednesday and later penetrated Monday's 103.93 high to 104.19 in post-FOMC New York session despite Fed's anticipated dovish hold, traders bought the greenback due to risk-off trades on decline in U.S. stocks.

As the pair has edged higher in Asia today to a 2-week high of 104.34, just shy of prev. Jan's 4-week peak and 104.39, suggesting minor consolidation is in store before prospect of resumption of recent upmove towatds next daily chart obj. at 104.75. Bids have been raised to 104.10/05 n more below there while a mixture n of offers n stops are touted at 104.35/40.

U.S. will later release a slew of eco. data, pls refer to our EI page for details n pay attention to weekly jobless claims and continued jobless claims to get the feel of the latest condition of the labour market.

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AceTraderFx Jan 29: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and View
Update Time: 29 Jan 2021 05:30GMT

USD/JPY - 104.46.. Dollar regained traction at Tokyo open on renewed cross-selling in yen n broad-based usd's rebound due to intra-day retreat in U.S. stock futures, price easily penetrated Thursday's 104.46 (NY) high to a fresh 6-week peak of 104.57.

Intra-day resumption of recent upmove from Jan's 9-1/2 month trough at 102.60 suggests price is en route to next daily chart obj. at 104.75 after consolidation, however, reckon 'psychological' handle may hold on 1st testing. Bids have been raised to 104.40/-30 n more below with stops touted below New York low as well as Thursday's low at 104.18.

We have U.S. data dump later in New York (please refer to our EI page for details) which is expected to affect intra-day usd's movement, pay attention to Chicago PMI and University of Michigan consumer confidence.

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

Intra-Day Market Moving News and View
Update Time: 01 Feb 2021 05:30GMT

USD/JPY - 104.71.. Dollar is in holding pattern after climbing to a 7-week high of 104.94 (Europe) on Friday due to safe-haven usd's buying, despite retreating to 104.62 in Asian morning today, intra-day bounce has retained bullishness for gain to 'psychological, 105.00 handle, break would encourage for further headway towards projected target at 105.34.

Therefore, trading the greenback from long side in anticipation of resumption of recent upmove is the way to go. Order board is pretty light on the first trading day of February.
Bids are noted at 104.70/60 with stops below 104.50 while offers are tipped at 104.90/95 with stops above 105.00.

Today is PMI day in the U.S., please refer to our EI page for details. In addition, we have 4 Fed Presidents scheduled to speak later today after press embargo ahead of last week's FOMC meeting.

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