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

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

Intra-Day Market Moving News and Views
10 Jan 2019 03:30GMT

USD/JPY - 107.91.. Dlr remains on the back foot in Asian morning after yesterday's sellfof from 109.00 (Asia) to as low as 107.98 due to renewed usd's broad-based weakness triggered initially by intra-day jump in eur/usd in New York morning, then later, release of dovish FOMC minutes n market has scaled back expectation of one rate hike in 2019 from previous 2 increases.

Despite initial recovery to 108.26 at Tokyo open, release of soft China inflation data which led to weakness in Asian stocks and intra-day flat in the commodity currencies triggered renewed safe-haven yen buying and pressured to 108.85. Yesterday's decline confirms upmove from last Thursday's 9-month bottom at 104.79 has made a temp. top at 109.09 (Tuesday) and stronger correction toward 107.39 (38.2% r) is now envisaged after consolidation.
Offers have been lowered to 108.25/35 with stops above 108.50.
Some bids are noted at 107.85/80 with stops below 107.50.

U.S. will release a slew of eco. data later today (please refer to our EI section for details. Pay attention to speeches by a no. of Fed officials and in particular to Fed Chair J. Powell's before the Eco. Clun of Washington at 17:45GMT.

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AceTraderFx Jan 11: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
11 Jan 2019 03:00GMT

EUR/USD - 1.1518.. Euro pares yesterday's sharp decline in relatively subdued Asian morning after Thursday's selloff from an 11-week peak of 1.1570 to as low as 1.1485 in New York.

Despite extending this week's gain to 1.1570 in Asia on Thursday, broad-based profit taking in active European morning knocked price down to 1.1518. Euro staged a bounce to 1.1545 at New York morning before intra-day decline resumed as usd caught a bid in New York trading, price later tumbled to session lows of 1.1485 following J. Powell's mildly hawkish comments.
Expect range trading above 1.1485 to continue until European open, however, as yesterday's near term reversal from 1.1570 suggests recent upmove has made a temp. top at 1.1570, below 1.1485 would yield correction towards 1.1340 (being a min. 38.2% r of the entire rise from 1.1216).
Offers are tipped at 1.1535/45 with stops above there.
Bids are noted at 1.1495/85 with stops touted below there.

Eco. calendar in the euro area countries is pretty light with Italy's industrial production n EU's ZEW eco. sentiment index being the only data due out. We have ECB Board member Mesch delivering a speech in Bratislava at 08:20GMT.

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AceTraderFx Jan 14: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views

14 Jan 2019 03:00GMT

USD/JPY - 108.41.. Dlr moves relatively narrowly in subdued Asian trading (Japanese financial markets are closed for Coming-of-age holiday) after Friday's rally from 108.15 to 108.60 in hectic New York morning due to renewed usd's strength triggered by intra-day selloff in the eur/usd.

Although price edged higher to 108.57 in New Zealand on renewed weakness in eur/usd, selling interest at 108.60 capped intra-day gain and price has inched lower in Asian morning, indicating range trading is in store until European open, anticipated usd's strength suggests buy the greenback on dips is favoured.
Bids are noted at 108.25-15 with stops below 108.00.
Offers are tipped at 108.55/60 with stops above there.

U.S. eco. calendar is very thin today and a slew of data may be released (delay due to govt. shut down).

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

Intra-Day Market Moving News and Views
15 Jan 2019 03:00GMT

USD/JPY - 108.45.. Dollar rises in lively Asian trading on Tuesday's morning due to broad-based yen-selling as positive statement from China state planner has boosted risk sentiment.

Despite intra-day gain, broad outlook remains consolidative as early decline from last week's 109.09 high to 107.77 (Thursday) signals recent upmove has made a temp. top and subsequent daily sideways swings suggest range trading is in store with near term upside bias.
Bids are noted at 108.15-00 area with stops below 107.95 whilst offers are tipped at 108.55/60 with stops above 108.75, more stops are reported above 109.10.

On the U.S. eco. releases later today, we have a slew of data which may include or exclude durable goods due to day because of govt. shutdown. Please refer to our EI section for details. Pay attention to speeches by Fed's Kashkari, Fed's George and Fed's Kaplan

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AceTraderFx Jan 16: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
16 Jan 2019 03:30GMT

USD/JPY - 108.47.. Dollar pares overnight gain in choppy Asian trading on Wednesday as broad-based weakness in Asian equities led to renewed yen buying.

The pair rose initially from 108.14 (AUS) on Tuesday to 108.75 in Asia n despite intra-day cross-inspired retreat to 108.34 ahead of New York open, intra-day selloff in cable and eur in New York morning led to broad-based usd's strength and price hit session highs of 108.76 before retreating briefly to 108.38 due to jump in cable.
As dlr's early erratic rise from 107.77 to 108.76 yesterday signals correction from last week's high at 109.09 has ended, consolidation with upside bias remains for re-test of said res level.
Bids are noted at 108.40-35 with stops below 108.30 and more stops are reported below 108.00.
Offers are tipped at 108.70/75 with stops above 109.10.

Eco. calendar in the U.S. is very heavy as many data will be released due to U.S. govt. shutdown, please refer to our EI section for details, pay attention to retail sales at 13:30GMT n then factory order, then last but not least, Fed's Beige Book.

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AceTraderFx Jan 17: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
17 Jan 2019 03:30GMT

EUR/USD - 1.1391.. Euro gains respite in subdued Asian trading after yesterday's resumption of recent decline to an 11-day trough of 1.1377 in European morning following Tuesday's downbeat German data n partly to downbeat comments by ECB President Draghi who said on Tue recent economic developments in the euro zone have been weaker than expected and uncertainties, notably related to global factors, remain prominent.

The intra-day rebound from 1.1377 to 1.1412 in NY session yesterday suggests range trading is in store in Asia n mild upside bias is seen for a minor recovery towards 1.1427 b4 decline from Jan's 11-week peak at 1.1570 heads to 1.1351 (this is 61.8% r of the Medium Term rise from 2018 low at 1.1216 made in Nov). Therefore, whilst selling euro on recovery is favoured, profit should be taken on next leg of decline as risk has increased for a rebound to take place later today or tom.
Bids are noted at 1.1385-75 with stops below 1.1370 and offers are tipped at 1.1415/25 with stop above 1.1440 n more above 1.1460.

The euro area countries will release a slew of eco. data starting with Italy's trade bal n global trade balance, then EU's constriction output, HICP n core HICP. ECB Governing Council Board member Couere will speak sometime during Asian session at the G20 FinMin n central banking governors depuites meeting in Tokyo. ECB's Lautenschhlager will speak at a conference in Dublin at 11:00GMT.

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AceTraderFx Jan 18: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
18 Jan 2019 03:30GMT

USD/JPY - 109.33.. Despite initial retreat to intra-day low at 109.06 ahead of Tokyo open on selling by Japanese exports after dlr's o/n gain to a fresh 2-week high of 109.39 in New York afternoon due to US/China trade optimism but later denied (see early update), the greenback rose again at Tokyo open as broad-based gain in Asian stocks n rise in U.S. treasury yields (benchmark 10-year climbed to 2.761% Thursday after upbeat US jobless claims and Philly Fed survey).

Yesterday's break of Wednesday's 109.19 high signals recent upmove from January's 9-month bottom at 104.79 has once again resumed n gain towards Jan's 109.75 high may be seen after consolidation, reckon 110.00 would cap upside. So whilst buying dlr again on dips is favoured, profit should be taken on subsequent rise.
Bids have been raised to 109.10/00 with stops below 108.90 whilst offers are tipped at 109.35/45 with stops above 109.80.

T.G.I.F., U.S. will release a slew of eco. data starting with industrial and maf. production, capacity utilization and University of Michigan consumer confidence (key retails sales may come out or continued to be delayed due to govt. shut down).
We also have Fed's Williams and Fed's Harker speaking in New York morning.

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

Intra-Day Market Moving News and Views
21 Jan 2019 03:00GMT

USD/JPY - 109.61.. Dlr pares Friday's rally to a 2-1/2 week high of 109.88 (New York) and retreated to 109.48 in Tokyo morning on broad-based yen buying by Japanese exporters after the pair climbed above previous January's high at 109.75 (Jan 02) in New York due to usd's broad-based strength on market optimism over upcoming U.S./China trade talks.

Although intra-day retreat suggests recent upmove has made a temp. top at 109.88 and range trading is in store, as price has rebounded from 109.48 after release of in-line China GDP and retail sales data, easing recent market fear of a continued slowdown in the Chinese economy, consolidation with upside bias is retained.
Bids are noted at 109.50/40 with stops reported below 109.35.
Offers are tipped at 109.75/85 with stops touted above 110.00.

As U.S. market is closed for Martin Luther King Jr. holiday, expect trading activity to be quiet in North American time zone.

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

Intra-Day Market Moving News and Views
22 Jan 2019 03:30GMT

USD/JPY - 109.62.. The pair is trading near the same rate as it was this time 24 hours after moving sideways in lethargic Monday's session.
Despite initial weakness to 109.48 in early Asian trading on Monday due to profit taking, renewed buying interest emerged n lifted price to 109.71, however, dlr later moved narrowly inside this range in Europe n holiday-thinned N. American session.

Expect further range trading below Fri's 2-1/2 week high at 109.88 n outlook remains mildly bullish for recent upmove to head towards 110.00 but reckon 110.48 res should cap upside.
Bids are noted at 109.50-40 with stops below 109.35.
Offers are tipped at 109.75/85 with stops reported above 110.00.

U.S. market will re-open after yesterday's market holiday, however, eco. calendar is pretty thin with existing home sales being the only data due out.
However, we may see release a slew of delayed data due to govt. shutdown today or later this week.

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AceTraderFx Jan 23: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
23 Jan 2019 03:30GMT

USD/JPY - 109.67.. Despite dlr's broad-based weakness vs majority of its major peer currencies, dlr/yen rallies in Tokyo trading due to active yen-selling vs usd, euro, gbp and aud etc.
The broad-based yen selling despite weakness in Asian equities is pretty bewildering especially after dlr/yen's brief drop to session lows of 109.15 in New York afternoon on FT report the Trump administration has rejected an offer from China for preparatory trade talks this week ahead of high-level negotiations scheduled for next week (but the report was later rejected by White House economic adviser Larry Kudlow).

Intra-day yen weakness ahead of BoJ's rate decision and monetary policy announcement suggests something may be brewing, perhaps BoJ may tweak its policy stance in its accompanied statement later, therefore, trading dlr from long side (or yen from short side) is favoured.
Bids are noted at 109.60-50 with stops below 109.30.
Offers are tipped at 109.70/75 with stops reported above 110.00.

Pay attention to BoJ's Gov Kuroda's post-BoJ press conference at 06:30GMT. U.S. will release Redbook sales, monthly home price and Richmond Fed mfg index later today.

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
 
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