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

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

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

USD/JPY - 109.49.. Although dlr is trading roughly where its was this time in Asian morning on Wed, the decline from yesterday's 3-week high at 110.00 (EBS high) to 109.40 in New York afternoon suggests recent upmove from January's fresh 20-month bottom at 104.79 has made a temp. top there and intra-day usd's weakness vs G4 counterparts signals consolidation with downside bias remains and stops below 109.40 are now in focus.

Therefore, selling dlr on recovery following weakness in U.S. stocks n soft Treasury yields is favoured.
Offers are tipped at 109.65/75 with stops above 109.80 n more above 110.00.
Bids are noted at 109.50-40 with stops below there, more stops are touted below 109.10.

On the U.S. eco. data, we have weekly jobless claims, Markit mfg and services PMIs and lastly, leading indicator.

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AceTraderFx Jan 25: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 109.77.. Despite yesterday's intra-day fall from 109.80 (Europe) to 109.43 in New York morning on active yen-buying, the pair rebouded in New York on renewed usd's strength. Price catches a bid in Asian trading due to broad-based yen weakness on rebound in Asian stocks, suggesting choppy sideways swings are in store.

Dollar's anticipated strength vs G7 currencies (except sterling) suggests intra-day upside bias remains n stops above 109.80, then above Wednesday's 3-week highs are in focus.
Bids are noted at 109.50-40 with stops below there.

On the U.S. data front, although no official data is scheduled, we may get a delayed release of durable goods order due to recent govt. shutdown.

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

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

EUR/USD - 1.1414.. Although euro trades with a firm undertone in relatively subdued Asian morning after Friday's impressive rally from 1.1398 (AUS) to as high as 1.1419 near New York close due to broad-based usd's selling on return of risk appetite following news of an end of recent U.S. govt. shutdown, Asian traders are reluctant to take the euro higher after Friday's sharp gain due to risk of a 30-40 points pullback when European markets open, so range trading is expected for now.

Having said that, euro's rally from Thursday's 5-week trough at 1.1290 to 1.1419 Friday suggests recent decline from 1.1570 (January high) has made a low there and consolidation with upside bias remains for s stronger retracement of this move ahead of key U.S. 2-day FOMC meeting starting tomorrow where market widely expects the Fed to stand pat in its rate decision.
Order book is pretty thin with bids noted at 1.1390-80 and more below with stops below 1.1350.
Offers are tipped at 1.1420/30 with stops above 1.1455.

Although no euro area eco. data is due out today, pay attention to introductory statement by the ECB President Draghi at the ECON Hearing of the European Parliament in Brussels at 14:00 GMT.

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AceTraderFx Jan 29: Intra-Day Market Moving News and Views -EUR/USD

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

EUR/USD - 1.1421.. Euro inches lower in subdued Asian trading after rising to a 1-day high of 1.1445 in New York morning on usd's weakness, however, profit taking pushed price to 1.1418 in Asia today, suggesting range trading below said temp. high would be seen.

As euro's early impressive rally from Thursday's post-ECB's 5-week bottom suggests recent decline from Jan's 11-week peak at 1.1570 has made a low there, consolidation with upside bias remains for stronger retracement of this move to 1.1463 (61.8% r), however, weakening of upward momentum should cap price below res at 1.1491 today.
Bids are noted at 1.1410/00 with stop below 1.1385 whilst offers are tipped at 1.1445/55 with stops above there.

Euro zone eco. calendar is very light today with France's consumer confidence being the only data due out. We also have ECB member Villeroy speaking at a fintech conference in Paris at 10:30GMT n also ECB's Governing Council member Nowotny and other cenbankers are attending another fintech conference in Vienna.

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AceTraderFx Jan 30: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 109.25.. Dlr remains on the back foot on renewed usd's weakness triggered by intra-day gain in aud/usd and a bout of yen buying, even the battered sterling has recovered after o/n selloff on renewed Brexit concerns.

Despite yesterday's rebound from Asian 109.13 low to 109.54 in New York morning, intra-day weakness has retained daily bearish prospect of a resumption of decline from last Wednesday's 3-week high to 109.85/90, reckon minor sup at 108.69 would hold on 1st testing ahead of FOMC monetary announcement.
Offers have been lowered to 109.40/45 with stop above 109.55, a mixture of bids and stops is touted below 109.15.

Ahead of key FOMC announcement at 19:00GMT, U.S. will release a slew of eco. data starting with Jan ADP private payrolls, Q4 GDP, Q4 core PCE and pending home sales.
Last but not least, pay attention to post-FOMC conference by Fed's J. Powell, any dovish remarks by the Fed chair will give usd another round of bashing as Fed is widely expected to stand pat in its rate decision.

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AceTraderFx Jan 31: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 31 Jan 2019 03:20GMT

EUR/USD - 1.1495.. The single currency stands tall in Asian trading after rallying to a near 3-week high of 1.1502 in post-FOMC New York session.

Despite yesterday's intra-day retreat from 1.1450 in Europe after failure to re-test Tuesday's 1.1451 high and slipped to 1.1406 following release of robust U.S. ADP payrolls, short covering lifted the pair slightly and euro jumped after 'dovish' Fed minutes.
The fact that price is still trading near said yesterday's high suggests upside bias for further gain towards res at 1.1550 after consolidation but reckon January's 11-week peak at 1.1570 would remain intact ahead of Friday's U.S. NFP.
Bids are noted at 1.1480-70 with stops below 1.1450.
Offers are tipped at 1.1500/10 with stops above there.

The euro area will release a slew of eco. data (see EI section for details) which may move price during Euroepan morning but traders will be buying on dips if data come out weaker than street forecast. Also we have ECB's Mersch speaking at 10:15GMT n then ECB's Weidmann speaking at 16:00GMT.

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AceTraderFx Feb 01: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 01 Feb 2019 03:00GMT

USD/JPY - 108.87.. Dlr pares yesterday's losses in Asia due to intra-day usd's strength and recovered to 108.97 in early Tokyo trading as bargaining hunting by Japanese importers bought the greenback after price hit a 2-week low in New York morning on Thursday.

Despite resumption of recent decline from January's 110.00 high to 108.50 in New York yesterday, intra-day selloff in eur/usd triggered broad-based short covering in the buck, price rebounded to 108.94 in New York afternoon, then marginally to 108.97 in early Asian trading. As the rebound from 108.50 suggests temporary low has been made, range trading is in store in European morning, however, offers reported at 109.00/10 are likely to capped intra-day rebound and yield another fall later today.
For now, bids are noted at 108.70-60 with stops reported below 108.50, then 108.30.

All eyes are on the release of U.S. non-farm payrolls due out at 13:30GMT, market is expecting January reading to come in at 165K vs previous number of 312K, if actual figure comes in below estimate, then one can expect another round of usd bashing as this will confirm cautious (dovish) Fed statement released Wednesday on the U.S. economy.

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

Intra-Day Market Moving News and Views
04 Feb 2019 03:00GMT

EUR/USD - 1.1458.. Euro moves narrowly in subdued Asian morning following Friday's intra-day broad sideways swings in post-NFP New York trading.

Despite rebound from 1.1434 (Asia) to 1.1489 in New York, subsequent retreat suggests further choppy trading below last Thursday's 2-1/2 week high at 1.1515 would continue with downside bias and below 1.1434/30 would bring stronger retracement to 1.1406/10 later today, therefore, selling euro on recovery is favoured.
Offers are tipped at 1.1475/85 with stop above 1.1490 n then 1.1520.
Some bids are noted at 1.1445-35 with stops below 1.1430 and more below 1.1400.

On the eco. data front, EU will kick off with Sentix investor confidence index, then Italy's prel. CPI and the EU's PPI.

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

Intra-Day Market Moving News and Views
Update Time: 08 Feb 2019 03:00GMT

USD/JPY - 109.70.. The pair is trading roughly where its was this time yesterday after Thursday's roller-coaster rise. Although dlr met renewed buying are 109.73 in Asia yesterday n climbed to 110.09 due to renewed usd's strength in Europe, active safe-haven yen buying quickly knocked price to session lows of 109.61 at New Yeat open. Although price shrugged off renewed U.S./China trade concerns after comments Trump that he did not plan to meet with Chinese President Xi before a March 1 deadline to achieve a trade deal n staged a rebound to 109.87 in NY afternoon, dlr edged lower in Asian trading on Fri due to renewed yen buying as the Nikkie is currently down by 1.3% are 20479 as well as falling U.S. Treasury yields.

Yesterday's decline from 110.09 suggests further choppy trading below Monday's 1-month peak at 110.16 would continue, as long as 109.56 (Wed's reaction low) holds, said sideways swings would end with resumption of recent upmove towards next daily obj. at 110.48 later.
Bids are noted at 109.65-60 with stops below 109.50 n more below 109.40.
Offers are tipped at 109.90/00 n more above with stops reported at 110.20.

T.G.I.G., although no U.S. economic data is due out, S. Francisco Fed President Mary Daily (non-voter) will participate in a moderated conversation at an economic forum in San Francisco at 18:15GMT.

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

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

USD/JPY - 109.83.. Dlr moves narrrowly in subdued Asian trading as financial markets in Japan are closed for National Foundation Day holiday.

The sideways move seen in lackluster Friday's session suggests dlr would continue to gyrate inside recent broad range of 110.16-109.56, however, as usd is expected to strength vs its G7 counterparts after counsolidation, trading the pair from long side is favoured.
Bids are noted at 109.70-60 with stops reported below 109.50.
Offers are tipped at 110.90/00 with stops touted above 110.20.

On the U.S. data front, no economic data is due out today, so range trading is likely to continue.
However, pay attention to latest progress in U.S./China trade talks. Media reported over the w/end lower-level officials will begin meetings on Monday, led on the American side by Deputy U.S. Trade Representative Gerrish. Higher principal-level talks will take place on Thursday and Friday with U.S. Trade Representative Lighthizer and Treasury Secretary Mnuchin.

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