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

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

Intra-Day Market Moving News and Views
Update Time: 19 July 2021 05:30GMT

USD/JPY - 109.91.. The pair remained on the back foot in active Tokyo trading due to renewed risk-off trade as U.S. yields continued its last week's slide ( benchmark 10-year penetrated last week's 1.292% low to a fresh 1-week trough of 1.264%, circa 1.2769%) and easily penetrated Friday's low at 110.04 (New York) to 109.86 ahead of Tokyo open.

Intra-day broad-based yen's strength vs usd, euro, gbp n aud etc suggests re-test of last week's 109.72 low would be seen after conosolidation, break would head towards July's bottom at 109.54 later today.
Offers are tipped at 109.00/05 with stops above 110.20 while some bids are noted at 109.80-75 with stops below 109.70.

U.S. eco. calendar is very thin today with second-tier NZHB housing market index being the only data due out, so traders will taken cue from intra-day move in U.S. yields and later U.S. stocks.

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

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

EUR/USD - 1.1772.. The single currency inches lower in subdued Asian morning due to intra-day fall in cable after staging a minor rebound from Tuesday's 3-1/2 month trough of 1.1756 to 1.1785 in New York session, suggesting narrow range trading may continue until European open.

As yesterday's marginal weakness to 1.1756 suggests recent decline remains in progress, as long as Monday's 1.1824 top holds, downside bias remains but traders are wary of pushing euro much lower as 2021 bottom at 1.1705 (March) is expected to hold ahead of Thursday's key ECB monetary policy meeting, a dovish hold together with dovish comments by ECB president Lagarde is needed to push euro below 1.1705.
Offers are tipped at 1.1790/00 with stops above 1.1810 while bids are noted at 1.1765/55 with stops below 1.1750.

The only eco. data due out today is Italy's industrial sales. We have France's FinMin Le Maire n Germany's EconMin Altmaier scheduled to speak at 13:00GMT.

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

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

EUR/USD - 1.1796.. The single currency is in holding pattern n despite continuing its recent losing streak n falling marginally below Tuesday's 1.1756 low to 1.1753 in European morning, traders were unwilling to sell the euro aggressive ahead of today's key ECB monetary policy meeting announcement n forward guidance, price later rebounded to 1.1804 due to broad-based usd and yen weakness in New York session.

Consolidation is expected with mild upside bias for more short-covering gain, however, recon res at 1.1850 would cap upside and yield another fall towards 2021 bottom at 1.1705, possibly on ECB's dovish hold.
Bids are noted at 1.1770-60 with some stops below 1.1750 while offers are tipped at 1.1800/05 with stops above 1.1825.

Ahead of ECB announcement at 11:45GMT and then ECB President Lagarde's post-ECB press conference, we have France's business climate n later at 14:00GMT EU's consumer confidence.

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

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

USD/JPY - 110.24.. Dlr inches higher in subdued Asian morning after swinging sideways in directionless Thursday's session. Japanese markets are closed today following yesterday's holiday for an extra holiday to celebrate the opening of the Olympics , suggesting further range trading is in store until European open.

As this week's strong rise from 109.07 (Mon's 7-week low) in tandem with US yields to 110.38 Wed suggests recent decline has ended, consolidation with upside bias remains for said upmove to head to 110.69, then 110.81.
Order board is fairly light with bids noted at 110.10/00 with stops below 109.80 while offers are tipped at 110.30/40 with stops touted above there.

T.G.I.F., although U.S. eco. calendar is light, pay attention to Markit mfg n services PMIs at 13:45GMT, if actual readings beat forecast, then usd will move higher.

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

Intra-Day Market Moving News and Views
Update Time: 26 July 2021 05:30GMT

USD/JPY - 110.35.. Dlr falls in Tokyo morning on broad-based yen buying in tandem with U.S. yields after hitting a 9-day high of 110.59 at New York open on Friday, suggesting range trading is in store.

As upmove from last Monday's 7-week trough at 109.07 signals recent decline from July's 15-month peak at 111.65 has ended, upside bias remains for further headway to next daily chart obj. at 110.69, above would encourage for subsequent headway towards 111.11. Japanese financial markets return after an extended closure since last Thursday, order board is fairly then with offers tipped at 110.55/60 with stops above 110.70. Bids are noted at 110.30-20 n more below with stops touted below 110.00.

Market's main focus this week is Wednesday's U.S. FOMC announcement, today, we have U.S. building permits, new home sales and Dallas Fed mfg business index.

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

Intra-Day Market Moving News and Views
Update Time: 27 July 2021 05:30GMT

EUR/USD - 1.1803.. Euro moves narrowly in quiet Asian morning after y'day's intra-day relatively strg rise fm 1.1764 (Asia) to 1.1817 in NY.

Although euro moved initially sideways in Asia on Mon, buying interest at 1.1764 lifted price n euro climbed to 1.1800 in early European trading. Despite intra-day brief drop to 1.1768 on downbeat German Ifo data, buyers emerged n pushed price to 1.1800. The pair later caught a bid in NY at 1.1780 n hit session highs of 1.1817 due to broad-based usd's weakness. Expect choppy sideways swings to continue in Europe, bids are noted at 1.1800-1.1790 with some stops touted below 1.1780 while offers are tipped at 1.1815/25 with stops reported above 1.1830.

Eco. data is pretty thin today with Italy's trade balance being the only data due out.

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

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

EUR/USD - 1.1823..
Euro pares Tuesday's gain n inched lower initially to 1.1813 in Asia morning. Despite yesterday's initial fall from 1.1812 at Asian open to 1.1771 on cross-selling in euro, the single currency caught a bid at New York open n rallied to 1.1841 in New York on broad-based short covering.

Although Tuesday's brief break of last week's 1.1830 top to an 11-day peak of 1.1841 suggests recent decline has made a temp. low at last Wed's fresh 3-1/2 month trough of 1.1753, a daily close above 1.1850 res needed to bring stronger correction to 1.1880/90 (Fed's dovish hold perhaps).
On the downside, below 1.1800/02 would be 1st signal retracement is over and head back to 1.1771, then 1.1753.
Offers are tipped at 1.1730/40 with stops above 1.1850 while bids are tipped at 1.1810/00 with some stops below there.

Ahead of the key FOMC announcement, we have a slew of European data due out in European morning, please refer to our EI page for details n pay attention to Germany's Gfk consumer sentiment at European open.

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

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

EUR/USD - 1.1854.. The single currency continued o/n strong gain in post-FOMC New York n easily penetrated Wednesday's 1.1849 top to a 2-week high of 1.1857 in Asian morning due to renewed usd's weakness.

As Wednesday's close above1.1830 (last week's high) following dovish comments by Fed's J. Powell in post-FOMC press conference confirms recent decline has made a low at last Wednesday's 3-1/2 month trough at 1.1753, outlook remains supportive for gain to next daily objectives at 1.1875 n 1.1894 respectively.
Bids are noted at 1.1840-30 n more below with stops below 1.1800 while offers are tipped at 1.1860/70 with stops above 1.1880.

The euro area countries will release a slew of eco. data (refer to EI page for details), pay attention to EU's business climate n economic sentiment data.

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AceTraderFx July 30: Intra-Day News and Views & data to be released today – USD/JPY

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

USD/JPY - 109.49.. Although dlr continued this week's decline from 110.58 (Monday) n briefly penetrated Thursday's 109.43 low (New York) to a 9-day trough of 109.37 at Asian open due to renewed yen buying on intra-day fall in U.S. yields, buying interest lifted price to 109.59, suggesting range trading is in store until European open.

As dlr's decline from last Friday's 110.59 high to 109.37 suggests early upmove from July's 7-week trough at 109.07 has ended, re-test of this sup is envisaged, break would extend erratic fall from 111.65 (July peak) towards 108.57 later next week.
Offers are tipped at 109.60/70 n more above with stops above 109.95 while bids are noted at 109.40-35 with stops below there, more stops are touted below 109.00.

T.G.I.F. after a tumultuous week, however, European n N. American traders are waiting for a slew of U.S. data later today (refer to our EI page for details) and focus is on U.S. OCE index (Fed's faourite inflation guage), however, as Fed chief J. Powells has continued to say recent rising inflaton rate is "transitory", a higher reading may not offer lasting suport to the usd. We also have St. Louis Fed President Bullard (non-voter) speaking at 13:00GMT.

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

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

USD/JPY - 109.67.. Dlr moves narrowly on the first trading day of Aug in subdued Asian morning following a rebound from Friday's 9-day trough of 109.37 (Asia) to 109.83 in New York following release of a slew of mildly upbeat U.S. data.

While Friday's bounce suggests further choppy swings above July's 7-week trough at 109.07 would continue, above 109.83 would encourage for further subsequent headway towards 110.28.
Bids are noted at 109.60-50 with stops below 109.30 while offers are tipped at 109.85/90 with stops touted above there.

U.S. will later release Markit mfg PMI, then construction spending n ISM mfg PMI, if PMI data beat market forecasts, then usd will extend Friday's gain.

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