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

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AceTraderFx Oct 08: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 113.87.. Dlr pares Fri's losses and edged higher to 113.94 in holiday-thinned Asian morning (financial markets in Japan are closed for Health- Sports Day holiday).

The pair briefly rose to 114.07 after initial knee-jerk reaction following release of downbeat U.S. payrolls data (but a large upward revision to previous month's figure), however, price quickly erased intra-day gain n fell on broad-based usd's strength n safe-haven yen buying due to weakness in U.S. stocks, dlr later hit session lows of 113.56 b4 staging a recovery in subdued New York session as traders unwound their position ahead of Mon's market holidays in the U.S. (Columbus Day) and Canada.

Although dlr's rebound from 113.56 suggests the 1st leg of correction from last Thurday's near 11-month peak at 114.55 has ended and choppy range trading is in store during Euroepan morning, as long as 114.05/10 holds, downside bias remains for stronger retracement towards 113.32 later today.
Offers are tipped at 113.95/05 with stops above 114.10, more stops are touted above 114.25.
Some bids are noted at 113.65-55 with stops below 113.50.

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AceTraderFx Oct 09: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1488.. Euro gains respite in subdued Asian morning after staging a rebound from Monday's 7-week trough of 1.1460 at North American open to 1.1499 in holiday-thinned afternoon session.

Despite tumbling at European open on Monday due to sharp jump in Italian bond yields where benchmark 10-year yield climbed nearly 20 basis points to a 4-1/2 year high of 3.60%, intra-day rebound in sterling lifted the euro in North American session, suggesting range trading is in store until European open.
Bids are noted at 1.1470-60 with stops reported below 1.1450.
Offers are tipped at 1.1495/05 with sops above there, however, there is talk of good selling interest near 1.1550.

Eco. calendar in the eruo area countries is pretty light today with German exports, imports and trade balance being the only data due out.

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AceTraderFx Oct 10: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 113.08.. Dlr swung from initial gain to losses in choppy trading on Tuesday.

Despite rising from 112.94 (Asia) to intra-day high of 113.39 in European morning, price later ratcheted lower on safe-haven yen buying and later hit session lows of 112.87 in New York afternoon due to broad-based usd's weakness on sharp retreat in U.S. yields where the benchmark 10-year yield fell from fresh 7-year highs of 3.2614% to 3.2025% (cira 3.2139%) b4 staging a recovery on short covering near the close.

Intra-day recovery due to cross unwinding in yen crosses suggests chopppy trading above Monday's 10-day trough at 112.83 would continue, however, yesterday's as well as intra-day broad-based usd's weakness vs other G7 currencies (also vs Asian counterparts) suggests downside bias remains for recent decline to head lower to 112.56 but reckon 112.17 (previous res, now sup) would contain weakness.
Offers are tipped at 113.25/35 with stops above 113.55.
Bids are noted at 112.90-80 with stops below there.

On the data front, U.S. will later release MBA mortgage application, September PPI, core PPI, Redbook sales, wholesale inventories n wholesale sales.
Also, Chicago Fed President Evans (non-voter) will be speaking at a business conference at 16:15GMT n at 21:00GMT, Atlanta Fed's Bostic (voter) will participate in a discussion at a business conference in Atlanta.

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AceTraderFx Oct 11: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.15.. Despite initial narrow move in Australian morning following o/n selloff to 112.26 in New York near the close as an 800-point plus drop in the Dow spooked investors to flock to safe-haven yen, then the Swiss franc as well as U.S. treasuries on risk aversion.
Price briefly weakened to 112.06 n then recovered to 112.31 in Asian morning but only to hit a 3-week trough of 111.97 as Asian equities fell 3% or more in reaction to o/n tumble in U.S. stocks (European equities also pummelled lower.

Yesterday's break of previous 112.83 sup (now res) confirms dlr's Medium Term rise from 2018 bottom at 104.57 (March) has made a temp. top at last Thursday's near 11-month peak at 114.55 and present falling U.S. yields (benchmark 10-year fell to a 1-week low of 3.146% after hitting a fresh 7-year high of 3.261% on Tuesday) suggests downside bias remains for further losses to towards next chart sup at 111.66.
Offers are tipped at 112.30/40 with stops above 112.60.
Some bids (bargain hunting bids by Japanese importers) are touted at 112.00-111.90 with stops below 111.60.

On the data front, pay attention to release of a slew key U.S. data : Sep CPI, core CPI, real weekly earnings n weekly jobless claims.

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AceTraderFx Oct 11: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.30.. Despite yesterday's resumption of recent erratic decline to a 3-week trough of 111.84 in New York afternoon after U.S. stocks erased initial gain following soft U.S. CPI and fell again, the greenback pared intra-day losses and rebounded in Tokyo morning as Asian stocks opened with minor gains (though N225 is currently down 0.5% at 22462), suggesting range trading above 111.84 with mild upside bias would be seen.

However, outlook remains mildly bearish for recent decline to resume after intra-day consolidation is over, therefore, selling dlr again on further rise is still favoured. Bids are noted at 112.00-111.90 with stops below 111.80 whilst offers are tipped at 112.50/55 with stops above 112.85.

T.G.I.F. after a tumultous week, U.S. will release import n export prices n then University of Michigan consumer confidence. Also, we have Chicago Fed President Evans (non-voter) speaking at 13:30GMT n then Atlanta Fed's Bostic (voter) at 15:45GMT.

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AceTraderFx Oct 15: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.15.. Dlr swings broadly sideways in directionless Asian trading on Monday. Despite staging a short-covering rebound to 112.50 in early European morning on Friday, price weakened to 111.88 at New York midday but recovered as U.S. stocks pared intra-day losses and recovered near the close.

As Asians stocks are in the red (N225 currently down over 1% at 22449) together with benchmark 10-year U.S. yield (cira 3.15%) trading well below its recent 7-year peak at 3.261%, suggesting downside bias remains for another round of safe-haven yen buying n yields re-test of last Thursday's 3-week low at 111.84 n stops below 111.66 sup are now in focus.
Offers are tipped at 112.30/40 n more above with stops above 112.55/60.
Some bids are noted at 111.90-80 with stops below there.

U.S. will release a slew of eco. data and pay attention to Sep retail sales at 12:30GMT together with New York Fed mfg index and later bus. inventories.

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AceTraderFx Oct 16: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1584.. Euro moves narrowly in subdued Asian morning after yesterday's rally from 1.1537 (New Zealand) to as high as 1.1606 in New York morning due to usd's weakness in Europe and soft U.S. retail sales data, however, price was unable to re-test last week's top at 1.1610 n retreated to 1.1574 in New York afternoon on profit taking.

Although range trading is in store ahead of European open, as yesterday's gain to 1.1606 suggests said pullback fm 1.1610 has ended, mild upside bias remains for last week's corrective rise from 1.1432 to head to 1.1625/29, however, loss of upward momentum is expected to cap price below 1.1651 res and yield decline later today.
Bids are noted at 1.1580/75 with stops below 1.1550 n more below 1.1535.
Offers are tipped at 1.1605/10 with stops reported above there.

The euro area countries will release a slew eco. data starting with Germany's import price index, Italy's indutrial orders and sales, pay attention to Germany's ZEW eco. sentiment and eco. conditions, then Italy's CPI, EU's trade balance, EU's ZRE eco. sentiment and Italy's trade balance. Germany's Finance Minister Scholz will speak at 11:00GMT.

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AceTraderFx Oct 18: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1501.. The single currency remains on the back foot in Asian morning after tumbling to a 1-week low of 1.1496 as release of hawkish Fed minutes of the Sept meeting triggered broad-based usd buying.

In fact, the single currency was already under selling pressure in European morning after meeting renewed selling at 1.1578, price then tumbled to 1.1521 short after New York open n intra-day decline continued in post-Fed minutes New York trading. Price edged marginally lower to 1.1494 in Asia and current weakness ahead of Asian lunch suggests market is still keen to test euro's downside.

Therefore, as decline from 1.1621 (Tue) to as low as 1.1494 today suggests euro's correction from last Tuesday's fresh 7-week bottom at 1.1432, re-test of this level is likely to be seen next week n selling euro again is the way to go.
Offers are tipped at 1.1520/30 with stops above 1.1550, some bids are noted at 1.1490-80 with stops reported below there.Also, there are some huge option expiring during New York morning, some notable ones at 1.1550 n 1.1450, so what this means upside is likely to falter below the upper one and downside would hold above the lower level.

On the eco. data front, the only data due out is Germany's wholesale price index. Also, today is the second of the 3-day EU summit meeting. ECB Preisent Draghi and Board member Coure will participate in the Euro Summit and ECB's Nowotny will speak in Vienna at 08:00GMT.

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AceTraderFx Oct 19: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.33.. Dlr pares yesterday's loss in early Asian trading due to buying by Japanese imports and then comments by FinMin Aso (see MMN).

As yesterday's decline from 112.73 to as low as 111.96 in New York afternoon due to renewed broad-based weakness in U.S. stocks and retreat in U.S. yields suggests early correction from Monday's 4-week bottom at 111.63 has ended and below said New York low would add credence to this view an yield re-test of 111.66.
Offers are tipped at 112.40/50 with stops above 112.75.
Some bids are noted at 112.10-00 with stops reported below 111.90 and more stops are touted below 111.60.

T.G.I.G., BOJ Gov. Kuroda will speak in Tokyo at a banking conference at 06:30GMT, on the U.S. data front, the only eco. data due out is existing home sales.
We also have Atlanta's Fed Bostic (voter) speaking at 16:00GMT, then followed by Dallas Fed President Kapan (non-voter) at 16:45GMT.

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AceTraderFx Oct 22: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.58.. Dlr rose steadily on Friday from 112.14 (AUS) to 112.65 in New York due to renewed cross-selling in yen as rebound in U.S. yields n marginal gain in U.S. equities boosted risk appetite.

Despite initial retreat to 112.35 in Asian morning on Monday as weakness in S&P futures and the Nikkie triggered a bout of yen buying, renewed buying emerged and lifted the pair ahead of Tokyo lunch break, suggesting upside bias remains for re-test of last week's 112.73 high (Thursday), break would extend corrective rise from October's 111.63 low towards 113.00.
Bids are noted at 112.35-30 with some stops below 112.25.
Offers are tipped at 112.65/70 with stops reported above 112.75.

U.S. eco. calendar is very light today with Chicago National Activity index for Sep being the only data due out, so traders are expected to take cue from intra-day movement in U.S. stocks.

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