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

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AceTraderFx Jun 18: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 18 Jun 2021 05:30GMT

EUR/USD - 1.1918.. The single currency is nursing loss in quiet Asian morning after yesterday's selloff to a 2-month low of 1.1983 near New York midday and our intra-day short-term buy strategy in anticipation of a short-covering rebound was like catching a 'falling' knife as euro's recovery was both rapid and short-lived.

Intra-day sideways move suggests consolidation would continue until European open and as long as Thursday's New York high at 1.1950 holds, euro is en route to next daily downside obj. at 1.1868, however, o/sold condition should keep the pair above 1.1812 and risk has increased for a short-covering rebound to occur ahead of the weekend.
Offers are tipped at 1.1940/50 and more above with stops touted above 1.2010 while bids are noted at 1.1900-1.1890 with some stops below there.

On the eco. data front, we have germany's producer price n then EU's current account. EU Eco. Ministers will meet today n we have ECB's de Gunidos and de Cos scheduled to speak.

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AceTraderFx Jun 21: Intra-Day News and Views & data to be released today - USD/JPY

Intra-Day Market Moving News and Views
Update Time: 21 Jun 2021 05:30GMT

USD/JPY - 110.09.. Despite trading narrowly at Tokyo open following Friday's retreat from 110.48 to 110.05 on broad-based buying in yen due to risk-off trade (Nikkie currently down over 3% n have a 1-year low of 27,899), price edged lower in tandem with U.S. yields (benchmark 10-year hit a near 4-month low of 1.4095%, circa 1.4112%).

Although range trading is in store with near term mild downside bias due to renewed cross-buying in yen, as long as Friday's 109.95 low holds, consolidation with mild upside bias remains.
Offers are tipped at 110.30/40 with stops above 110.50 while bids are touted at 110.95/109.95 with stops reported below 109.80.

No eco. data is due out from the U.S. today, however, we have a number of fed officials scheduled to speak in New York session, please refer to our EI page for details. Pay attention to their comments as market reacted to St. Louis Fed President Bullard's hawkish comments in New York morning n bought usd broadly, pushing the dollar index to a 9-week high.

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

Intra-Day Market Moving News and Views
Update Time: 22 Jun 2021 05:30GMT

USD/JPY - 110.44.. The greenback swung wildly in hectic Mon session. Although price met renewed selling at 110.29 (New Zealand) n briefly tumbled in tandem with US yields (benchmark 10-year tanked to a near 4-month low of 1.3543%), price quickly pared intra-day losses n climbed steadily higher in tandem with US yields in Europe n later hit session highs of 110.34 in New York due to broad-based yen weakness on return of risk appetite due to rally in U.S. stocks (Dow n S&P closed up 1.76% n 1.40% respectively).

As Mon's rebound fm 109.72 to 110.43 in Tokyo morning today suggests pullback from Jun's 10-week peak at 110.82 has ended, upside bias remains for further gain, above 110.48 would encourage for further headway towards 110.82.
Bids are noted at 110.25-20a dn more below with stops touted below 110.00 while offers are tipped at 110.45/50 with some stops reported above there.

U.S. will release redbook sales, existing home sales n consumer confidence but market's main focus is the second day of a 2-day testimony by Fed Chairman J. Powell before the U.S. House of Representatives Select Subcommittee on the Coronavirus Crisis. The greenback will regain traction if he sounds slightly hawkish or usd will weaken further if the opposite scenario occurs.

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

Intra-Day Market Moving News and Views
Update Time: 23 Jun 2021 05:30GMT

EUR/USD - 1.1926.. Despite intra-day rally from European low of 1.1882 yesterday n subsequent firm break of 1.1921/25 res to 1.1952 due to broad-based usd's weakness after dovish testimony by Fed's J. Powell, the single currency pared Tuesday's gain n retreated in Asian morning to 1.1191.

As said yesterday's rise signals recent decline has made a temp. low at Fri's 2-1/2 month trough of 1.1848, consolidation with mild upside bias remains for stronger retrace. to 1.1980/85 but loss of upward momentum should cap price below res at 1.2009 n yield decline later today.
Bids are noted at 1.1920/10 with stops below 1.1900 n more below 1.1880 while offers are tipped at 1.1950/55 with some stops touted above there.

Today is PMI day in the euro area countries, please refer to our EI page for details. Pay attention to Germany n EU's Markit mfg n services PMIs, if actual readings come in stronger than street forecasts, euro will move marginally higher, if they are weaker than forecasts, then expect renewed selling to emerge. ECB Vice President de Guindos will speak at an economic forum at 07:30GMT n ECB President Lagarde will deliver a pre-recorded video message in an event at 16:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 24 Jun 2021 05:30GMT

EUR/USD - 1.1924.. Despite extending erratic rise from last Fri's 9-week trough at 1.1848 to 1.1969 in New York morning yesterday on continued usd's weakness after soft U.S. data, euro erased intra-day rise from 1.1911 (Europe) following hawkish comments by Fed officials (see earlier update) and fell to 1.1920 in late New York.

As euro's retreat from 1.1969 suggests correction from 1.1848 has possibly ended, consolidation with downside bias remains, below 1.1911 would add credence to this view n yield weakness to 1.1882 but reckon 1.1848 would hold today.
Offers are tipped at 1.1940/50 with stop above 1.1970 while some bids are noted at 1.1915/10 with stops below 1.1900.

On the data front, pay attention to release of key German Ifo business climate and current expectations for June at 08:00GMT, market is expecting upbeat readings which may briefly lift the euro. We also have ECB's Panetta n Schnabel scheduled to speak (refer to EI page for details).

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

Intra-Day Market Moving News and Views
Update Time: 25 Jun 2021 05:30GMT

EUR/USD - 1.1838.. Euro swung broadly sideways in directionless Thursday's session. Despite initial dip to 1.1919, price ratcheted higher in delayed reaction to upbeat German Ifo data to 1.1956 in New York but only to retreat to 1.1921.

Intra-day bounce to 1.1945 in Asia on usd's broad-based pullback suggests further range trading would continue in European morning as traders await release of a slew of U.S. data, in particular, y/y core PCE. As long as this week's high at 1.1969 (Wednesday) holds, consolidation with downside bias remains, below 1.1911 signals correction from last Friday's 9-week trough at 1.1848 has ended n heads back towards 1.1848 whilst above 1.1969 would risk stronger retracement of recent decline to 1.1985/90 but reckon res at 1.2006 should cap upside.
Offers are tipped at 1.1955/65 with stops above 1.1970 while bids are noted at 1.1925/15 with stops below 1.1900.

The euro area countries will release a slew if eco. data, please refer to our EI page for details n pay attention to German Gfk consumer sentiment. There is a European Council meeting today n ECB President Lagarde will participate in the Euro Summit. ECB member de Cos will speak at a conference at 10:30GMT.

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

Intra-Day Market Moving News and Views
Update Time: 28 Jun 2021 05:30GMT

USD/JPY - 110.68.. Although Friday's rebound in New York session from 110.49 to 110.87 in tandem with US yields suggests early pullback from Thursday's near 15-month peak at 111.11 has possibly ended, intra-day retreat die to broad-based buying in yen suggests further range trading may continue ahead of European open before prospect of another rise later today.

As the greenback was able to strength broadly on the back of rising yields (benchmark 10-year rose from 1.4783% to 1.5445%, circa 1.5292%), trading from long side in the way to go. Some bids are noted at 110.65/60 with stops below 110.45 while offers are tipped at 110.90/00 with stops above there.

U.S. eco. calendar is pretty thin with Dallas Fed mfg index being the only data due out, however, pay attention to further fed speak by a number of Fed officials in New York session (please refer to our EI page for details).

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AceTraderFx Jun 29: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 29 Jun 2021 05:30GMT

EUR/USD - 1.1914.. Euro trades narrowly but with a soft bias in Asia after Monday's roller-coaster ride. Despite staging a rebound from 1.1921 (Asia) to 1.1944 in Europe, price fell to session lows of 1.1903 before staging a rebound as intra-day decline in US yields triggered short covering.

As the decline from 1.1975 (Fri) to 1.1903 suggests correction from June's 2-1/2 month trough at 1.1848 has possibly ended, downside bias remains for weakness to 1.1882 where a break there would bring re-test of 1.1848.
Offers are tipped at 1.1935/40 with stops above 1.1950 while bids are noted at 1.1905/00 with stops below there n more stops are touted below 1.1880.

On the data front, the euro area countries will release a slew of data, please refer to our EI page for details, pay attention to EU's business climate n economic sentiment at 09:00GMT. ECB President Lagarde will speak at the Brussels Economic Forum 2021 at 10:00GMT n later 13:40 GMT.

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

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

EUR/USD - 1.1905.. Euro pares Tuesday's decline n inches higher in tandem with cable in relatively quiet Asian morning. Although price remained on the defensive in Asia yesterday n fell in European morning due to renewed usd's strength, price later tumbled to 1.1879 in NY morning but selloff in U.S. yields lifted price to 1.1911.

As decline from 1.1975 (Friday) to 1.1879 yesterday signals correction from June's 1.1848 bottom has ended, downside bias remains for re-test of said sup, however, loss of momentum would keep price above 1.1804.
Offers are tipped at 1.1815/20 with stops above 1.1945 while bids are noted at 1.1885/80 with stops 1.1875 n more below 1.1845.

On the data front, the euro area countries will release a raft of eco. data, please refer to our page for details. ECB member Centeno will speak at a parliamentary committee in Portugal at 09:00GMT.

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AceTraderFx July 02: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 02 July 2021 05:30GMT

EUR/USD - 1.1843.. The single currency remains on the back foot in subdued Asian morning after price fell again in NY morning fm 1.1884 to 1.1841 following intra-day short-covering rebound fm European 11-week trough of 1.1838.

Although traders are reluctant to push euro lower ahead of European open, euro's recent decline should resume ahead of release of key U.S. jobs data which are expected to be upbeat, so European traders will test euro's downside side before NY market opens. Offers are tipped at 1.1860/70 with stops abv 1.1885/90 while some bids (profit taking) are touted at 1.1840-30 with stops below there.

On the data front, we have France's budge balance n then EU's producer prices. A number of ECB officials are scheduled to speak in European session, pls refer to our EI page for details. ECB President Lagarde will speak at ab economic forum at 12:30GMT.

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