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

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AceTraderFx Feb 18: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and View
Update Time: 18 Feb 2021 05:30GMT

USD/JPY - 105.80.. Dlr remains on the back foot in early Asian trading after hitting a 5-month peak of 106.22 in Australia on Wednesday, however, price later ratcheted lower from 106.21 to 105.79 in New York session as retreat in U.S. treasury yields triggered broad-based yen buying, the pair met renewed selling at 105.91 at Tokyo open and fell to 105.71.

Although yesterday's retreat suggests recent upmove has made a temp. top n range trading would be seen, as long as 105.60/65 holds, consolidation with upside bias remains for price to head towards daily chart obj. at 106.55 (2020 Sep high).
Bids are noted at 105.70/60 with stop touted below there while offers are tipped at 106.00/10 with stops above 106.25.

U.S. will release a slew of eco. data later today, pay attention to weekly jobless claims n continued jobless claims. We have Fed's Brainard n Fed's Bostic scheduled to speak in New York morning session.

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

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

USD/JPY - 105.69.. Dlr cut recent winning streak n weakened to 105.61 at New York open Thursday due to broad-based cross unwinding in recent short yen positions, despite a brief bounce to 105.87, price later fell back to 105.64 in tandem with intra-day retreat in U.S. treasury yields.

Although dlr's decline from Wednesday's 5-month peak at 106.22 suggests recent upmove has made a temp. top, as long as 105.40/50 holds, outlook remains mildly bullish for gain towards next daily chart obj. at 106.55 before prospect of correction.
Bids are noted at 105.65/60 with some stops touted below there while offers are tipped at 105.85/90 with stops above 106.00 and more above 106.25.

T.G.I.F. for Asian traders, however, U.S. will release a slew of eco. data, today is PMI day, we have Markit mfg n services PMI and then existing home sales. We also have Fed's Barkon and Fed's Rosengren scheduled to speak later today.

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

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

USD/JPY - 105.61.. Dlr remains on the front foot in active Asian trading on Monday. Despite initial weakness to 105.37 (NZ), intra-day rise in US yields where benchmark 10-year hits a near 1-year high of 1.3942% triggered broad-based yen selling n price briefly penetrated Fri's New York high at 105.66 to 105.73.

As dlr's rebound from Fri's 105.25 low suggests pullback from last Wed's 5-month peak at 106.22 has possibly ended, consolidation with upside bias is seen, above 105.92 would add credence to this view n head back towards 106.22 later.
Order board is pretty light on Monday with bids noted at 105.45/35 with stop below 105.25 while offers are tipped at 105.75/85 with stops touted above 106.00.

U.S. eco. data is very light today with leading index change being the only data due out. We have a number of Fed officials scheduled to speak later today, please refer to our EI page for details.

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

Intra-Day Market Moving News and View
Update Time: 23 Feb 2021 05:30GMT

EUR/USD - 1.2167.. Euro caught a light bid at Asian open and climbed marginally above Monday's 1.2169 high to a 4-week peak of 1.2176 due to renewed usd's weakness across the board, however, lack of follow-through buying and intra-day rebound in US yields triggered profit taking.

As Intra-day firm break of prev. Feb's 1.2169 high signals early strong upmove from February's 2-month trough at 1.1953 has finally resumed, outlook remains supportive for gain to next daily obj. at 1.2190, however, reckon res at 1.2222 should cap upside due to loss of upward momentum.
Bids are noted at 1.2155/50 n more below with stops touted below 1.2130 (New York low). Offers are tipped at 1.2175/85 with stops above 1.2190.

The euro area countries will release a slew of economic data, please refer to our Economic Indicator page for details.

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

Intra-Day Market Moving News and View
Update Time: 24 Feb 2021 05:30GMT

EUR/USD - 1.2163.. The single currency is in holding pattern in subdued Asian trading despite intra-day 'jump' in cable as well as commodity currencies on continued risk appetite. Price inched higher to 1.2165 before retreating as he pound pares intra-day rally ahead of Tokyo lunch break.

Expect consolidation until European open after hitting a 4-week high of 1.2180 n as long as sup area at 1.2130/36 holds, mild upside bias remains for gain to 1.2190/00, however, loss of momentum should cap price below res at 1.2222.
Bids are noted at 1.2145/35 with stops touted below 1.2130.
While offers are tipped at 1.2170/80 with stops reported above 1.2190.

On the data front, pay attention to Germany's Q4 GDP at 07:00GMT, after that, we have France's bus. climate.

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

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

EUR/USD - 1.2165.. Euro moves sideways in subdued Asian morning after a roller-coaster Wed's session. Despite intra-day selloff fm 1.2175 (Europe) to as low as 1.2110 in NY morning on rising US yields, dovish comments by Fed's J. Powell n retreat in US yields knocked usd lower broadly in NY afternoon session n price rebounded to 1.2174 near the close.

As rebound fm 1.2110 suggests pullback fm this week's 1.2180 high (Tue) has ended, outlook remains supportive for recent rise fm Feb's 2-month trough at 1.1953 to head twd next chart obj. at 1.2222 after consolidation, therefore, trading euro from long side for this move is the way to go.
Bids are noted at 1.2160-50 with stop below 1.2130 n more below 1.2110 while a mixture of offers n stops are reported at 1.2180/90.

The euro area countries will release a slew of economic data in European morning n we have some ECB members scheduled to speak during the day, pls refer to our EI page for details.

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

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

EUR/USD - 1.2084.. Euro gains respite in choppy Asian trading after Friday's selloff from 1.2184 (AUS) to as low as 1.2064 in late New York session due to active safe-haven usd's buying on the back of global stock n bond market weakness.

As the decline from Thursday's 6-week high at 1.2242 signals correction from February's 2-month bottom has possibly ended, downside bias remains for weakness towards daily pivotal sup at 1.2024 after consolidation. As 1.2101 in Asia has capped recovery, trading euro from short side is favoured.
Order board is pretty thin on Monday, offers are tipped at 1.2100/05 with stop above 1.2110 while bids are noted at 1.2070/60 with stops below there.

Today is PMI day in the euro area countries n we have ECB President Lagarde n other ECB officials scheduled to speak, pls refer to our EI page for details.

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

Intra-Day Market Moving News and View
Update Time: 02 Mar 2021 05:30GMT

USD/JPY - 106.84.. The pair maintains a biddish tone in Asia morning following yesterday's gain to a fresh 3-month top of 106.88 in New York n then climbed to a marginal high of 106.92 on Tue due to renewed broad-based usd's strength, however, price has eased due to intra-day cross-buying of yen as renewed weakness in U.S. stock futures triggered risk-off trade.

Expect minor consolidation before recent upmove heads towards next daily chart obj. at 107.04 but loss of upward momentum is likely to cap price at 107.20/30.
Bids are noted at 106.75-70 with stops below 106.50 whilst offers are tipped at 106.95/00 with stops touted above 107.05.

On the data front. U.S. will later release redbook sales n then ISM NY index. We have Fed's Brainard n Fed's Daly speaking later today at 18:00GMT n 19:00GMT respectively.

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

Intra-Day Market Moving News and View
Update Time: 03 Mar 2021 05:30GMT

USD/JPY - 106.84.. Despite retreat from Tuesday's fresh 6-month high of 106.95 (Europe) to 106.68 in New York morning due to broad-based usd's weakness on return of risk appetite following intra-day recovery in US stocks and retreat in US yields, the pair inched higher in Asian morning due to yen-selling following dovish remarks by BOJ's Kataoka (see previous update for details).

As long as Tuesday's 106.68 low holds, outlook remains mildly bullish for recent cross-inspired upmove to test daily chart res at 107.04, however, loss of momentum would limit gain to 107.25/35 n risk has increased for a long-overdue minor correction to occur later today.

Bids are noted at 106.70/65 with stops below there whilst offers are tipped at 106.95/00 with stops reported above 107.05.

On the data front, U.S. will release a slew of eco. data, please refer to our EI page for details. Pay attention to release of US ADP private payrolls ahead Fri's key jobs data as well as US PMI data also. We have a number of Fed officials scheduled to speak in New York session too.

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

Intra-Day Market Moving News and Views
Update Time: 04 Mar 2021 05:30GMT


USD/JPY - 107.02.. Dlr maintains a firm undertone in relatively subdued Tokyo trading after extending recent upmove to a fresh 6-week high of 107.15 in New York morning, despite intra-day brief retreat to 105.85 on profit taking, gain to U.S. yields lifted price and the pair edged back to 107.10 in Australia.

Expect sideways swings to continue until European open n intra-day weakness in Asian stocks following o/n decline in the Dow should lead to safe-haven usd buying n gain towards next daily chart obj. at 107.53 is envisaged.
Bids have been raised to 106.85/75 with stop reported below 106.65 while offers are tipped at 107.10/15 with some stops above there.

The U.S. will release a slew of U.S. data, please refer to our EI page for details. Pay attention to comments by Fed Chair J. Powell who is scheduled to speak at a forum on the U.S. economy by Wall Street Journal Jobs Summit at 17:05GMT as traders will focus on his remarks on recent rise in U.S. yields
as his dovish comments will send the buck lower n vice versa.

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