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

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AceTraderFx Sept 20: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
20 Sep 2018 03:20GMT

USD/JPY - 112.26.. Dlr trades relatively narrowly in subdued Asian morning after retreating from Wednesday's 8-week high of 112.45 to 112.16 (New York).

Despite resumption of recent cross-inspired upmove to 112.45 in Europe on renewed usd's strength due to ongoing U.S./China trade tensions n rising U.S. yields where benchmark 10-year yield hit fresh 4-month high of 3.09%, the price erased intra-day gain in New York and fell to session lows of 112.16 due to broad-based usd's retreat as investors shrugged off global trade concerns and unwound long usd positions.

Looks like sideways trading below 112.45 would continue n marginal weakness can't be ruled out, reckon 112.00/05 would hold and yield another rise later today. Therefore, buying dlr on dips is cautiously favoured.
Bids are noted at 112.20/10 with stops below 111.85.
Offers are tipped at 112.35/45 with stops above 112.50.

U.S. will release a slew of eco. data later today starting with weekly jobless claims, Philly Fed survey, existing home sales and leading indicator.

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AceTraderFx Sept 21: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
21 Sep 2018 03:00GMT

EUR/USD - 1.1777... The single currency stands tall in relatively subdued Asian trading after rallying in tandem with sterling to a 2-month high of 1.1785 in New York afternoon.

Yesterday's break and daily close above August's 1.1734 top bodes well for price to extend Medium Term rise from August's 13-month bottom to next chart obj. at 1.1852 (June's high) where a break of this key res should lead to more usd's weakness next week (forget about next Wednesday's Fed's rate hike) and price should head towards psychological 1.2000 level in October.
Therefore, trading euro from long side (our daily strategy is holding a long position entered at 1.1745).
Bids have been raised to 1.1760-50 with stops below 1.1730.
Offers are tipped at 1.1790/00 with some stops above 1.1800.

Today is PMI day in the euro area, France will kick off with final Q2 GDP, then Markit September mfg and services PMIs, Germany will release the same PMIs followed by the EU.

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AceTraderFx Sept 24: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
24 Sep 2018 03:00GMT

USD/JPY - 112.60.. Although dlr fell at New Zealand open from 112.56 on risk aversion as short-term specs sold the pair in reaction to Saturday's WSJ report China had cancelled this week's trade talks with the U.S. and will not send vice-premier Liu He to Washington.
Price hit intra-day low of 112.28 after tripping stops below 112.40, however, lack of follow-through selling quickly lifted dlr back to 112.63 in thin Asian morning.

Many financial markets in Asia are closed today for Mid-Autumn festival whilst Japan is closed for Autumnal Equinox Day holiday, so range trading below Friday's 2-month peak at 112.87 is envisaged until European open, however, intra-day rebound signals pullback is over and anticipated usd's strength vs G4 currencies suggests buying dlr on dips for re-test of July's peak at 113.17 is favoured.
Order book is very thin with bids noted at 112.40-30 with stops below 112.25.
Offers are tipped at 112.70/80 with stops above 112.90.

Later today, U.S. will release Chicago Fed national activity index at 12:30GMT and then Dallas Fed mfg business ndex at 14:30GMT. However, all eyes are on Wed's FOMC where the Fed is expected to hike its key rates by another 25 b.p. for the 3rd time this year.

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AceTraderFx Sept 26: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
26 Sep 2018 03:30GMT


USD/JPY - 112.90.. Dlr pares initial gain after climbing above yesterday's 112.98 high to a fresh 2-month peak of 113.03 at Tokyo open, however, similar to yesterday's price action in Asia, price quickly retreated on profit taking n eased back to 112.89.

Dlr's gain to 113.03 due partly on yesterday's rise in U.S. Treasury yields where benchmark 10-year hit fresh 6-month high of 3.113% (circa 3.0983) suggests re-test of key daily res at 113.17 (July's high) after consolidation n price is expected to maintain a biddish undertone ahead of FOMC announcement where the Fed is widely expected to raise its key rate by a quarter point for the 3rd time this year, traders will also pay attention to Fed's dot-plot (Summary of Economic Projections) by FOMC members on their eco. forecasts. Bids are noted at 112.85-75 with stops below 112.70.
Offers are tipped at 113.00/10 with stops above 113.20.

Ahead of key FOMC decision, U.S. will release building permits, new home sales, then FOMC decision at 18:00GMT n Fed Chair Powell post-FOMC press conference at 18:30GMT.

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AceTraderFx Sept 27: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
27 Sep 2018 03:00GMT

USD/JPY - 112.86.. Dlr pares overnight loss in early Tokyo trading after falling from a fresh 2-month high of 113.13 to 112.63 in post-FOMC New York.

Despite a brief climb to 113.13 after expected quarter-point rate hike by the Fed, broad-based usd's retreat the Fed after dropped a reference in its statement to the word "accommodative" knocked the pair to session lows of 112.63 as U.S. yields also dropped on this, however, dlr staged a minor recovery at Fed's J. Powell's post-FOMC presser when he said later said Fed's monetary policy was still accommodative.

Intra-day rebound to 112.90 suggests 1st leg of correction is over and sideways swings are in store before prospect of one more fall to retrace recent cross-inspired upmove, therefore, intra-day players can sell dlr on recovery for another fall, day traders are recommended to buy dlr on next fall.
Offers are tipped to 112.90/00 with stops reported above July's 113.17 peak.
Bids are noted at 112.70-60 with stops below there, however, more buying interest is touted at 112.30-20.

On the data front, U.S. will release a slew of eco. data starting with weekly jobless claims, durable good orders, final Q2 GDP, trade balance, wholesale inventories, pending home sales asnd KC Fed mfg index, suggesting it will be lively trading session in New York.
BOJ Gov. Kuroda will deliver a brief speech in Tokyo at 06:30GMT whilst Fed Chair J.
Powell will give brief remarks on U.S. economy before an event with business leaders at 20:30GMT.

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AceTraderFx Sept 28: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
28 Sep 2018 03:00GMT

USD/JPY - 113.56.. Dollar continued its winning streak and despite intra-day weakness to 112.56 in Europe on Thursday, price rallied in New York session due to broad-based strength due to upbeat U.S. data n selloff in eur/usd, the pair climbed to a near 9-month high of 113.46, then 113.64 in early Tokyo trading on intra-day firmness in the buck.

Yesterday's resumption of recent upmove has just our recent bullishness on the dlr and price is en route to next chart obj. at 113.75, then 114.74 (217 November high) next week, therefore, buying the pair on dips is the way to go.
Bids have been raised to 113.35-25 with stops below 112.90.
Offers are tipped at 113.65/75 with stops above there.

On the data front, U.S. will release a slew of eco. data starting with personal income and spending, PCE, core PCE, Chicago PMI and University of Michigan consumer confidence. We also have Richmond Fed President speaking at 12:30GMT, then New York Fed President Williams at 20:45GMT.

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AceTraderFx Oct 02: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
02 Oct 2018 03:30GMT

USD/JPY - 113.95.. Dlr climbed marginally higher to a fresh 10-1/2 month peak of 114.06 in New York morning as renewed usd's strength and rebound in U.S. treasury yields supported the pair.
However, profit taking shortly after Tokyo open today pressured price to 113.83, suggesting range trading below 114.06 would be seen ahead of European open.

As Monday's gain to 114.06 confirms recent upmove remains in force, outlook remains mildly bullish for further headway to 114.40/50 after consolidation, neverthewless, loss of momentum is expected to cap price below daily res at 114.74 (2017 Nov high).
Bids are noted at 113.85-80 and more below with stops below 113.60.
Offers are tipped at 114.05/10 with stops above there.

On the data front, U.S. will release Redbook sales n ISM NY bus conditions index. Fed Vice Chair will speak at 14:00GMT, then Richmon Fed's Barkon at 16:00GMT, pay attention to Fed Chair J. Powell's speech at 16:45GMT and Dalls Fed's Kaplan at 18:00GMT.

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AceTraderFx Oct 03: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
03 Oct 2018 03:30GMT


USD/JPY - 113.55.. Dlr remains on the back foot in relatively subdued Tokyo trading after yesterday's decline from 114.2 to 113.53 in New York due to intra-day safe-haven yen buying esp. vs eur and sterling as well as retreat in U.S. yields.

Although intra-day marginal weakness to 113.52 on renewed cross-buying in yen suggests recent upmove has made a temp. top at Mn's 10-1/2 month peak at 114.06 n range trading is in store, anticipated broad-based usd's strength should limit downside n price is likely to resume recent upmove once present sideways consolidation is over.
Bids are noted at 113.55-50 with stops reported below 113.30.
Offers are tipped at 113.90/00 with stops above 114.10.

On the data front, today is PMI day but pay attention to market-moving ADP private payrolls ahead of Fri's NFP, Markit services PMI and then mfg PMI.
We also have a no. Fed officials deliver speeches today, please refer to our EI section for details and pay attention to Fed Chair J. Powell's speech at 20:00GMT in Washington D.C. where he will participate in discussion before an event.

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AceTraderFx Oct 04: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
04 Oct 2018 03:30GMT

EUR/USD - 1.1470.. The single currency languishes near Wednesday's fresh 6-week low of 1.1465 in subdued Asian trading on Thursday.
Although euro jumped in Asian morning yesterday from 1.1536 to 1.1594 on Italian budget cut news, price quickly pared intra-day gain in Europe on broad-based euro selling n later tumbled to session lows of 1.1465 in New York due to broad-based usd's rally on the back of rising U.S. yields and Fed J. Powell's hawkish comments.

Euro's daily close below key 1.1500 level bodes ill for the single currency on a technical analysis standpoint and price is en route to re-test Aug's 13-month bottom later next week, so selling the pair on recovery is the way to go.
Offers are tipped at 1.1495/05 with stops above 1.1540.
Some bids are noted at 1.1465-55 with stops touted below there.

There is no eco. data release from the euro area countries today, however, we have ECB's Nowotny speaking at 07:00GMT, Then ECB's Rehn at 08:00GMT and later at 16:00GMT, ECB's Coeure.

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AceTraderFx Oct 05: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
05 Oct 2018 03:00GMT

USD/JPY - 113.99.. Dlr pares yesterday's decline after falling from a near 11-month high of 114.55 ahead of Asian morning to as low as 113.64 in New York morning as decline in global stocks in reaction to surging U.S. yields (benchmark 10-year climbed to fresh 7-year high of 3.232%) spoofed investors n triggered broad-based safe-haven buying of yen, however, short covering in New York afternoon lifted the pair.

Dlr rose at on renewed yen-selling n climbed back to 114.09, suggesting 1st leg of correction from 114.55 has ended and sideways swings are in store until European open. Having said that, as Asian equity markets are in the red, further strong gain in the greenback is therefore not envisaged n price may well head lower towards 113.64 later.
Offers are tipped at 113.05/10 n more above with some stops above 114.25.
Bids are noted at 113.85/75 with stops below 113.50.

Today is the day where market awaits the release of the world's most important eco. data from the U.S., the NFP, traders will also focus on average wage growth data, however, as another Fed rate hike is priced in at December's FOMC meeting, even an upbeat payrolls may not give the greenback a strong rise, so beware of broad-based long liquidation in the greenback even after a strong number esp. vs the safe-haven Japanese yen.
We also have Fed's Kaplan and Fed's Bostic speaking shortly after New York midday.

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