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

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AceTraderFx Nov 21: Intra-Day Market Moving News and Views - USD/JPY

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

USD/JPY - 112.90.. Despite extending recent decline to a 3-week trough of 112.31 at New York open, the greenback caught a bid for rest of New York trading as renewed weakness in global equities (the Dow lost 2.21%) triggered broad-based usd buying and sent the pair higher to 112.83.

Intra-day break above said Tuesday's high due partly to marginal gain in U.S. treasury yields which began yesterday suggests temp. low has been made and choppy trading is in store. As Asian stocks are all in sea of red, strong gain in the pair is therefore not envisaged, however, there is market chatter of buy stops above 113.10.
For now, bids are noted at 112.65-55 and offers are tipped at 112.95/05.

Ahead of Thursday's Thanksgiving market holiday, U.S. will release existing home sales, leading indicators and University of Michigan consumer confidence, however, traders are expected to take cue on global stock performances more than U.S. data.

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

Intra-Day Market Moving News and Views
22 Nov 2018 03:10GMT

USD/JPY - 113.00.. Although dlr briefly spiked to 113.22 (stop buying) in Australia, price quickly retreated ahead of Tokyo open n then edged lower to 112.96 ahead of Tokyo lunch session, suggesting range trading is in store until European open.

As this week's cross-inspired rally from Tuesday's 3-week trough at 112.31 to 113.15 (Europe) yesterday, then 113.22 today suggests recent decline from November's peak at 114.21 has made a temp. low there, as long as 112.83/87 holds, consolidation with upside bias remains for stronger retracement towards 113.48 (61.8% r from 114.21) is likely b4 prospect of retreat later today or tom.
Bids are noted at 112.90-112.85 with stops touted below 112.60.
Offers are tipped at 113.20/30 with stops reported above 113.70.

As U.S. markets are closed for Thanksgiving holiday and hence no U.S. eco. data is due out, trading will slow in European afternoon.

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AceTraderFx Nov 23: Intra-Day Market Moving News and Views - EUR/USD

Intra-Day Market Moving News and Views
23 Nov 2018 03:10GMT

EUR/USD - 1.1409.. Euro trades narrowly in subdued Asian morning on Fri as financial markets in Japan are closed for Labor Thanksgiving Day holiday.

Despite extending near term rise from Tuesday's 1.1359 low to 1.1434 led by intra-day jump in sterling in European morning, price retreated to 1.1392 after mildly dovish ECB minutes on lack of follow-through buying in holiday-thinned North American morning and moved narrowly for rest of the afternoon session.

As euro's retreat from 1.1434 suggests said recovery from 1.1359 has possibly ended, selling the pair on recovery in anticipation of decline from Tuesday's 12-day high at 1.1472 is favoured.
Offers are tipped at 1.1415/25 with stops above 1.1435/40.
Some bids are noted at 1.1390-80 with stops below there.

Expect a lively European session as it is PMI day in euro area countries. Germany will kick off with Q3 GDP, then France will release Markit mfg n services PMIs, then followed the same by Germany n then the EU. ECB Vice President de Guindos will speak in Madrid at 12:00GMT.

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

Intra-Day Market Moving News and Views
26 Nov 2018 03:10GMT

USD/JPY - 113.24.. Although the pair opened flat in New Zealand on Monday, renewed buying emerged at 112.88 ahead of Tokyo open and price climbed steadily in Tokyo trading due to broad-based yen selling as Asian stocks rose, price penetrated initial res at 112.00/05 and then break above last week's high at 113.22 (Thursday) to 112.25.

Dlr's intra-day anticipated break of 113.22 res due to renewed usd's strength in Asia confirms the upmove from last Tuesday's 3-week trough at 112.31 has once again resumed n price is en route to 113.48 (61.8% r of 114.21-112.31), however, o/bot condition should cap price below res at 113.70/74.
Bids have been raised o 113.20-10 and more below with stops below 112.85.
Offers are tipped at 113.40/50 with stops above 113.75.

On the data front, U.S. will release Chicago national activity index and then Dallas Fed mfg business index later today.

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

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

USD/JPY - 113.46.. Despite yesterday's impressive rally from 112.88 (New Zealand) to a one-week high of 113.65 due to broad-based yen selling as rally in global equities boosted risk sentiment, the pair pared Monday's gain on renewed market concern of US/China trade tensions after U.S. Trump reiterated U.S. will raise trade tariffs on Chinese goods (see prev. update) as traders unwound short yen positions in Asia, dlr retreated to 113.42 in Asian morning.

As dlr's upmove from last week's 1121.31 low to 113.65 suggests early fall from November's 114.21 peak has ended, upside bias remains for further headway to 113.70, then later 114.00 after consolidation, so trading the usd from long side is still favoured due to Monday's renewed usd's broad-based strength.
Bids are noted at 113.45-40 with stops below 113.20.
Offers are tipped at 113.70/80 with stops reported above 114.00.

U.S. will release a slew of eco. data starting with Redbook sales, monthly home prices, CasShiller home price and consumer confidence. Also, we have a number of Fed officials speaking in New York session, please refer to EI section for details.

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AceTraderFx Nov 28: Intra-Day Market Moving News and Views - EUR/USD

Intra-Day Market Moving News and Views
28 Nov 2018 03:10GMT

USD/JPY - 113.78.. Dlr maintains a firm undertone in relatively subdued Asian morning after yesterday's resumption of recent upmove to a 12-day high of 113.84 in New York due to usd's broad-based strength after Fed Clarida's hawkish comments, price met renewed biding at 113.74 in Australia and climbed to 113.85 before easing.

Expect consolidation to take place ahead of European open before upmove resumes and stops above November's 114.21 peak are now in focus.
For now, bids are noted at 113.75-65 with stops below there.
Offers are tipped at 113.85/95 with some stops above 114.00.

On the U.S. data front, we have building permits, then key Q3 GDP, core PCE, PCE, goods trade balance, wholesale inventories, new home sales n Richmond Fed mfg index. Pay attention to speech by Fed Chairman Powell at 17:00GMT at a business conference in NY but the topic is about monitoring financial stability, so he may not comment on U.S. rates.


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

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

USD/JPY - 113.56.. Dlr pares intra-day gain and inches lower on broad-based usd's softness in hectic Asian trading.

Despite opening higher to 113.85 in New Zealand due to active yen selling as the 90-day ceasefire in US/China trade tariffs boosted risk sentiment, the pair chopped sideways ahead of Tokyo open n then retreated to 113.55 in Asian morning. Having said that, as the Nikkei, Asian stocks plus S&P futures (mini futures currently up 1.66%) have rallied on optimism over US/China trade talk, buying dlr (or selling yen) on dips is favoured for re-test of last week's high at 114.04.
Bids are noted at 113.45-40 and more below with stops below 113.20.

On the U.S. eco. dat front, we have Markeit mfg PMI, construction spending n ISM mfg PMI. Also we have a number of Fed officials speaking during New York session, please refer to our EI section for details.

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

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

EUR/USD - 1.1366.. Trading the single currency proved to be tricky on Monday as price went through a roller-coaster session. Despite opening higher to 1.1368 due to usd's broad-based weakness (except vs yen), price quickly retreated to 1.1229 and then ratched higher to 1.1380 in European morning as rally in Asian n European stocks after a ceasefire in US/China tariffs led to renewed usd's weakness, however, price later fell to 1.1320 ahead of New York open before edging higher ti 1.1364 in NY afternoon.

Intra-day firmness due to usd's weakness led by decline in dlr/yen suggests choppy trading above 1.1305 (Fri's low) would continue with upside bias and stops above last week's high at 1.1402 are now in focus.
Bids are noted at 1.1340-30 with stops below 1.1320 and more below 1.1300.
Offers are tipped at 1.1370/80 with stops reported above 1.1405.

The eco. data calendar is pretty light today with France's budget balance n then EU's PPI being the only 2 data due out during European morning. The EU FinMins' meeting starts at 08:00GMT today n ECB's Vice President Gundos will particiapte in ECONFIN meeting.

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AceTraderFx Dec 05 : Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1333.. Although euro's initial rally above previous daily res at 1.1402 to a 10-day high of 1.1420 in Europe due to continued drop in U.S. treasury yields suggests choppy trading above last week's low at 1.1267 would continue, subsequent selloff to as low as 1.1319 as usd caught a bid in New York due to a 3% decline in the Dow suggests choppy trading with downside bias would be seen today as investors are back on risk-off mode and have turned back to safe-haven usd and the Japanese yen.

Therefore, selling the single currency on intra-day recovery is favoured but profit should be taken on subsequent decline due to thin trading condition as U.S. financial markets are closed for a special National holiday.
Offers are tipped at 1.1360/70 with some stop above 1.1380.
Some bids are noted at 1.1320/10 with stops touted below 1.1300.

Today is PMI day in the euro zone, France will kick off with current account, then Italy's Markit services PMI, the same from France, Germany and later the EU n then EU retail sales. Although ECB's Draghi will deliver a speech at a banking conference in FT at 08:30GMT, as the topic is on promoting safe and sound bank in SSM (The Single Supervisory Mechanism), therefore, he is not expected to comment on ECB's monetary policy or the euro or Italy's budget.

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

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

USD/JPY - 112.82.. Despite yesterday's short-covering rise from 112.65 (AUS) to 113.24 in holiday-thinned N. American afternoon session, dlr tumbled ahead of Tokyo open due to a brief buy sharp 1.9% spike down in the S&P 500 futures, such a move prompted broad-based safe-haven buying in yen vs usd, eur, gbp, aud and nzd etc, the pair later tumbled to 112.74 after the U.S. futures index stabilsied (currently down 1.09%).

As dlr's decline from 113.24 suggests correction from Tuesday's near 2-week trough at 112.57 has ended, intra-day selloff in Asian stocks (N225 currently down 1.35%, HSI down 2.13% n Shanghai down 0.84%), expect present safe-haven yen buying activities to continue esp. in Europe if European stocks follow Asian equities lower, therefore, trading dlr from short side for re-test of 112.57, then re-test of Nov's bottom at 112.31 is favoured.
Offers have been lowered to 113.00 and more above with stops above 1113.25.
Some bids are noted at 112.70/60 with stops below 112.50, more stops are reported below 112.30.

U.S. markets will re-open after yesterday's impromptu national holiday and will release a slew of eco. data starting with Markit services PMI, durable goods order and factory orders. Atlantic Fed's Bostic (voter) will speak at 17:15GMT n much later at 23:30GMT, New York Fed President Williams (voter) will speak in New York and Fed Chair J. Powell will speak at 23:45GMT.

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