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

AceTraderFx Nov 06: Intra-Day Market Moving News and Views - USD/JPY

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

USD/JPY - 113.29.. The pair trades relatively narrowly in subdued Asian morning after yesterday's initial gain to 113.34 in Europe before retreating briefly to 113.08 in New York morning due to cross-unwinding in yen and usd's weakness.

Although price has inched higher back to 113.32 in Asia as minor gains in U.S. stocks and intra-day 1% rise in the Nikkie has boosted risk sentiment, offers near last week's 113.39 high are likely to present strong buying ahead of U.S. midterm election today, so unless 113.39 res is penetrated, range trading is the order of the way and below 113.08 would yield stronger retracement to 112.75/80 later.
Offers are tipped at 113.30/40 with stops above there whilst bids are noted at 113.10/00 with stops below there.

On the eco. data, U.S. will release 3nd-teir Redbook sales and JOLTS job openings. So all eyes are on the latest U.S. midterm election results but they will only start coming in tom in Asian time.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Nov 07: Intra-Day Market Moving News and Views - USD/JPY

Intra-Day Market Moving News and Views
07 Nov 2018 07:30GMT

USD/JPY - 113.13... The greenback went through a roller-coaster session in Asia. Despite initial brief but sharp drop to 112.97 at Asian open on initial results of U.S. midterms b4 swiftly rallying to session highs at 113.82 in Asian morning.
However, dlr met renewed selling there n retreated sharply to 113.00 at European open on usd's broad-based weakness due to a split in Congress as the Democrats have won control of House of Representatives whilst the Republicans expectedly kept their majority in the Senate.

Looking past the elections, the Fed begins its 2-day FOMC meeting today.
Offers are now seen at 113.30/40 n more above at 113.60/70 with stops building up above there whilst initial bids are noted at 112.60/70, suggesting choppy trading with downside bias is envisaged.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Nov 08: Intra-Day Market Moving News and Views - USD/JPY

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

USD/JPY - 113.60.. Despite yesterday's initial wild swings in Asian morning, then intra-day selloff from a 1-month high of 113.82 to 112.95 in Europe due to usd's broad-based weakness on market concern of a political gridlock in Washington, the greenback later regained traction in New York session as U.S. stocks and treasury rose, the pair climbed back to 113.60 near the close and then marginally higher to 113.69 in Asian morning.

Intra-day firmness in Asia suggests pullback from said yesterday's 113.82 high has ended n recent erratic upmove is likely to head higher after consolidation, reckon 114.09 would cap upside and yield another later today. So whilst buying on dips for intra-day trade is favoured, profit should be taken on next leg of upmove as usd's strength may be temporary and market focus is on FOMC statement at 19:00GMT even though no rate hike is expected.
Bids are noted at 113.50-40 with stops below 113.20.
Offers are tipped at 113.80/90 with stops abv 114.10.

The only eco. data due out before FOMC announcement is weekly initial jobless claims.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Nov 09: Intra-Day Market Moving News and Views - USD/JPY

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

USD/JPY - 113.89.. Despite yesterday's rally to a 1-month high of 114.09 in post-FOMC New York after hawkish Fed's guidance in the accompanied FOMC statement, the greenback falls in early Asian trading due to intra-day safe-haven yen buying on broad-based decline in Asian equities, suggesting choppy trading below 114.09 would be seen until European open.

Having said that, as Thursday's break of 113.852 (Wed) to 114.09 due to renewed broad-based usd's strength plus rising U.S. treasury yields suggests re-test of Oct's near 11-month peak at 114.55 is on the cards, one should buy the pair on pullback in anticipation of such a move.
Bids are noted at 113.80-70 with stops below 113.50.
Offers are tipped at 114.00/10 and more above with stops above 114.60.

On the eco. dat front, pay attention to release of U.S. PPI n core PPI, University of Michigan consumer confidence, wholesale inventories n wholesale trades. Fed officials are giving public speechs after the Federal Reserve blackout periods today, pls refer to our EI section for details.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Nov 12: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1328.. Euro remained on the back foot in Asian trading as initial gap-down open in cable in New Zealand on more negative Brexit news over the weekend led to broad-based usd's strength n dragged the single currency marginally lower below Friday's 1.1316 (New York) to 1.1313 in New Zealand, however, lack of follow-through selling and intra-day recovery in the pound lifted euro to 1.1332.

Although sideways swings above 2018 13-month bottom at 1.1301 (August) until European open, offers at 1.1360/70 are expected to cap upside n stops below option defence at 1.1300 are in focus, however, as N. American markets are closed today, market lacks conviction to push the euro lower.
On the flip side, specs may just capitalised on thin market condition and trigger stops below 1.1300, therefore, selling the pair on recovery is the way to go.

On the eco. data front, France will kick off with unemployment, then Italy's industrial production.
ECB Vice President de Guindos may make a keynote speech at opening conference of 21st Euro Finance Week in Frankfurt at 10:00GMT.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Nov 14: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 113.94.. Despite yesterday's initial rally from 113.58 (Asia) to 114.15 in Europe due to broad-based yen-selling on rebound in Chinese stocks, price pared intra-day gain and fell back to 113.74 in late New York trade due to falling U.S. yields and weakness in U.S. stocks.

As the pair has staged a rebound at Tokyo open n climbed to 113.99, suggesting consolidation with upside bias is in store and above 114.15 would bring re-test of Mon's 5-week high at 114.21, break there would encourage for subsequent headway toward 2018 peak at 114.55 (October high).
Bids are noted at 113.80-70 with stops reported below 113.50.
On the upside, offers are tipped at 114.00/10 with stops above 114.25.

U.S. will release key Oct CPI data, core CPI, weekly earning and Redbook sales later today. Ded Board Gov Quarles (voter) will testify before the House Financial Services Committee at 15:00GMT. Fed Chair J. Powell will speak in Dallas but it'll be in early Asia Thur at 23:00GMT.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Nov 15: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 113.57.. Dlr moves narrowly but with a soft bias in subdued Asian trading after falling in New York session from 114.00 to as low as 113.31.

Traders cited Wednesday's intra-day selloff on falling U.S. yields as well as renewed weakness in the Dow, then usd's broad-based decline in late New York trade due to intra-day jump in sterling on news that U.K. PM May had won Cabinet support for her draft Brexit deal.

Although dlr's decline from Monday's 5-week peak at 114.21 to 113.31 yesterday confirms recent upmove has made a temp. top there and consolidation with near term downside bias, oversold readings on hourly oscillators would keep price above 112.95 (last week's low - Wednesday) and bring rebound later today.
For now, offers are tipped at 113.75/85 with stop above 114.00.
Some bids are noted at 113.40-30 with some stops below there.

U.S. will release a slew of eco. data, pay attention to important Oct retail sales together with New York Fed mfg index, import n export prices, Philly Fed survey n weekly jobless claims at 13:30GMT, then bus. inventories. In addition, a number of Fed officials will be speaking in New York session (please refer to our EI section for details).

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Nov 16: Intra-Day Market Moving News and Views - USD/JPY

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


USD/JPY - 113.37.. Despite staging a rally from Thursday's 1-week low of 113.10 to 113.70 in New York session as rebound in U.S. stocks and treasury yields boosted risk appetite and triggered broad-based yen selling, the pair pared (pun intended !) intra-day gain and retreated in Asia on safe-haven yen buying after Reuters reported North Korean leader Kim visited the test site of a new tactical weapon, suggesting sideways swings are in store until European open.

As indicated rebound from 113.10 suggests early pullback from Monday's 5-week peak at 114.21 has possibly ended, consolidation is seen before another rise and above 114.00 would add credence to this view, yield re-test of 114.21 later today.
Bids are noted at 113.35-30 with some stops below there, more stops are touted below 113.10.
Offers are tipped at 113.60/70 with stops reported above 114.00.

T.G.I.F., U.S. will release a slew of 2nd-tier eco. data, staring with industrial production, capacity utilization, manufacturing output n Kansas City mfg index. Chicago Fed President Evans (non-voter) will speak at 16:30GMT.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Nov 19: Intra-Day Market Moving News and Views - EUR/USD

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

EUR/USD - 1.1410.. Euro moves relatively narrowly in subdued trading in Asia after an impressive rally in New York session from 1.1326 to as high as 1.1421 as comments by Fed's vice chair Clarida led to broad-based usd's weakness.

Despite intra-day sideways move, as Fri's break above 1.1369 res (now sup) to a 1-week high at 1.1421 signals recent downtrend has made a temp. low last Mon at 1.1216, consolidation with upside bias remains for stronger retracement to 1.1447, then 1.1470/75 later.
Order board is pretty light on Monday with bids noted at 1.1400-90 and offers tipped at 1.1420/30 with stops touted above 1.1450.

On the data front, EU will release current account n construction production. Eurogroup will be meeting in Brussels today, ECB President Draghi n ECB Board Member Coeure will participate in the meeting. European Commissioner for Economic and Financial Affairs Moscovici will speak at 13:30GMT.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 
AceTraderFx Nov 20: Intra-Day Market Moving News and Views - USD/JPY

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

USD/JPY - 112.62.. Despite dlr's initial marginal weakness below Monday's New York low at 112.43 to a 2-1/2 week trough of 112.40 ahead of Tokyo open, price quickly rebounded on bargain hunting by Japanese importers and showed muted reaction to BOJ Kuroda's hawkish remarks before the Japan's parliament that 'no need to ease policy further'.

Although intra-day recovery suggests range trading is in store in Asia, Monday's renewed usd's weakness after downbeat U.S. November NAHB housing market index together with falling U.S. yields and U.S. equities (Asian stocks are in the red where N225 index currently down about 1% at 21602) should prevent strong dlr gain, so selling the greenback on intra-day recovery in anticipation of recent decline from November's 5-week peak at 114.21 is favoured.
Offers are tipped at 112.75/85 with stops above 113.10.
Some bids are noted at 112.40-30 with stops below 112.00.

U.S. will release building permits, housing starts and Redbook sales later today.
 
Back
Top