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

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AceTraderFx Feb 12: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 12 Feb 2019 03:00GMT

USD/JPY - 110.48.. Dlr hits 6-week high of 110.54 in active Tokyo trading as rise in U.S. Treasury yields and intra-day gain in the Nikkie (N225 currently up over 2% at 20754) boosted risk appetite.

Yesterday's break of last week's high at 110.16 (now sup) together with dlr index (DXY) climbing to a new 2019 high (97.117) in New York suggests usd's recent winning streak would continue and price is en route towards 110.82 (61.8% of 114.55-104.79) and possibly towards next chart obj. at 111.40 later this week.
Therefore, buying the greenback on pullback is the way to go.
Bids are noted at 110.35-25 with stops below 110.00 whilst offers are tipped at 110.55/65 with stops above 110.85.

The only U.S. data due out is JOLTS job openings, however, Fed Chairman J. Powell will deliver at 17:45GMT but the topic is "Ecomomic Development in High Poverty Rural Communities", so traders can treat this to be a non-event.

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AceTraderFx Feb 13: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 13 Feb 2019 03:00GMT

USD/JPY - 110.60.. Despite usd's broad-based retreat in New York trading Tue on market's risk-on sentiment due to optimism over upcoming U.S./China trade talks (see early updates) together with rising U.S. yields and gain in the Dow, traders 'dumped' the safe-haven Japanese yen, leading to rally in eur/yen, gbp/yen and aud/yen (then nzd/yen today), the pair rebounded from 110.35 to 110.55 in New York trading.

D;r's intra-day rise to 110.64 in Asia as broad-based gains in Asian stocks (N225 currently up by 1.5% at 21195) boosted risk appetite and triggered another round of yen selling in Asian morning, suggesting upside bias remains for recent upmove to head to 110.82 retracement target (61.8% r of 114.55-104.79), however, weakening of upward momentum is expected to limit upside to 111.10/20.
Bids are noted at 110.45-35 with stops below 110.30 whilst offers are tipped at 110.60/65 with stops above 110.70/80.

On the U.S. data front, we have a slew of data due out starting with MBA mortgage applications, then January's MM and YY CPI n core CPI, real weekly earnings n Federal budget. We also have a number of key Fed officials speaking during N session (please refer to our EI section for details).

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AceTraderFx Feb 14: Intra-Day News and Views & data to be released today-USD/JPY

Intra-Day Market Moving News and Views
Update Time: 14 Feb 2019 03:00GMT

USD/JPY - 111.01.. Dlr orbited a new 6-week 111.00 handle in volatile Tokyo trading. Despite continuing its recent winning streak to a fresh 6-week high of 111.06 near New York close as the greenback regained traction in New York trading on the back of rising US treasury yields and marginal gain in The Dow, selling by Japanese names (exporters) briefly knocked the pair to 110.87 in early Asian trading before renewed buying interest emerged and pushed price back up to 111.05.

Intra-day firmness suggests recent upmove remains in force n would head to 111.20/25 after consolidation, loss of upward momentum is likely to prevent strong gain and reckon daily res at 111.40 would cap upside.
Bids are noted at 110.85-75 with stops below 110.60 whilst offers are tipped at 111.05/15 with stops touted above 111.40.

On the data front, U.S. will later release weekly jobless claims, final PPI, core PPI, retail sales and business inventories. We also have Philly Fed President Harker (non-voter) speaking at 16:00GMT.

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AceTraderFx Feb 15: Intra-Day News and Views & data to be released today-EUR/USD

Intra-Day Market Moving News and Views
Update Time: 15 Feb 2019 03:00GMT

EUR/USD - 1.1286.. The single currency swung wildly in hectic Thursday's session. Despite staging a recovery to 1.1295 in European morning, downbeat German GDP knocked price down to 1.1251, however, failure to penetrate Australian fresh 2-1/2 month trough at 1.1249 lifted price. Euro later jumped briefly to session highs of 1.1310 as a very weak U.S. retail sales data sent the greenback down across the board, however, selling eur/yen cross pushed price back down to 1.1265 before climbing to 1.1311 in Australia today.

As yesterday's erratic rise from 1.1249 suggests recent downtrend has made a temp. low, choppy sideways swings with upside bias is seen for a much-needed corrective rise, having said that, present gain is seen as a retarcement of recent decline, reckon res at 1.1341/44 should cap upside.
Bids are noted at 1.1280-70 with stops below 1.1245 whilst offers are tipped at 1.1310/15 with stops above there.

The euro area countries will release a slew of eco. data starting with Italy's trade balance,global trade balnace, then EU's trade balance. We have ECB's Coeure speaking at 13:00GMT n then ECB's Angeloni speaking at 15:45GMT later today.

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AceTraderFx Feb 18: Intra-Day News and Views & data to be released today-USD/JPY

Intra-Day Market Moving News and Views
Update Time: 18 Feb 2019 03:00GMT

USD/JPY - 110.50... The greenback found renewed buying in New Zealand at 110.40 after a retreat in late New York on comments from Fed's Daly and rebounded to 110.58 ahead of Tokyo open and continues to trade with a firm bias due to the initial rise in Nikkei index.

Dlr's early rebound from Friday's low at 110.26 suggests decline from last Thursday's 111.13 top has made a temp. low. therefore consolidation with mild upside bias would be seen.

Orderbook remains light as U.S. markets will be closed today for President's Day holiday.
Offers are now raised to 110.60/70 n more above at 110.80/90 with stops building up above there whilst initial bids are noted at 109.90/00.

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AceTraderFx Feb 19: Intra-Day News and Views & data to be released today-EUR/USD

Intra-Day Market Moving News and Views
Update Time: 19 Feb 2019 03:00GMT

EUR/USD - 1.1304... Although the single currency briefly penetrated yesterday's Asian high at 1.1325 to 1.1334 in Europe, lack of follow-through buying triggered profit-taking and price dropped to 1.1302 in holiday-thinned North American session before stabilising.
However, euro met renewed selling at 1.1316 and retreated again in Asian morning on usd's broad-based rebound.

Euro's retreat from yesterday's high at 1.1334 signals upmove from Friday's low at 1.1324 has made a temp. top, therefore choppy trading with mild downside bias would be seen.
Bids are now lowered to 1.1280/90 and more below at 1.1260/70 with stops building up below there whilst offers are noted at 1.1340/50.

There is a slew of eco. data from the euro region today but one must pay particular attention to release of Germany ZEW economic sentiment n current conditions at 10:00GMT.

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AceTraderFx Feb 20: Intra-Day News and Views & data to be released today-USD/JPY

Intra-Day Market Moving News and Views
Update Time: 20 Feb 2019 03:00GMT

USD/JPY - 110.85... Despite the greenback's retreat from yesterday's European high at 110.82 to 110.50 in New York afternoon due to a drop in U.S. Treasury yields, renewed buying at Tokyo open today pushed price higher and usd penetrated said 110.82 res to 110.89 in Asian morning on active cross-selling in JPY.

Dlr's intra-day break of 110.82 signals rise from Friday's low at 110.26 to retrace decline from last Thursday's peak at 111.13 has resumed, therefore consolidation with upside bias is retained.
However, said 111.13 res should hold on 1st testing ahead of today's FOMC minutes release.

BoJ's Governor Kuroda comments yesterday pressured the yen lower across the board and he is set to speak again in the Japanese Parliament at 05:30GMT. Traders should expect more yen jawboning after today's weak Japan exports data.

Bids are now seen at 110.60/70 and more below at 110.40/50 with stops building up below there whilst initial offers are noted at 111.10/20.

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AceTraderFx Feb 21: Intra-Day News and Views & data to be released today-USD/JPY

Intra-Day Market Moving News and Views
Update Time: 21 Feb 2019 03:00GMT

USD/JPY - 110.71... The greenback went thru a roller-coaster session yesterday as despite initial rise to 110.95 in European morning, price dropped to 110.63 in New York afternoon. Dlr then rebounded on the release of slightly less-dovish FOMC minutes to 110.90 near New York closing, however, failure to penetrate 110.95 triggered profit-taking n price retreated again at Tokyo open.

The minutes of Fed's latest policy meeting said the U.S. economy and the labour market remained strong, pushing investors to believe the central bank cud hike its rates at least once more this year.

Pay attention to the release of U.S. durable goods data at 13:30GMT and Atlanta Fed President Bostic's speech on economic outlook and monetary policy at 13:50GMT.

Bids are now seen at 110.50/60 and more below at 110.30/40 with stops building up above there whilst initial offers are noted at 111.30/40, suggesting choppy trading with upside bias would be seen.

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AceTraderFx Feb 22: Intra-Day News and Views & data to be released today-EUR/USD

Intra-Day Market Moving News and Views
Update Time: 22 Feb 2019 03:00GMT

EUR/USD - 1.1335.. Trading the single currency yesterday proved to be tricky (for intra-day players) as price swung sideways inside 1.1321-1.1366 range.

Despite initial weakness to 1.1321 at European open, price rebounded to 1.1363 on short squeeze but only to fall back to 1.1322/23 after weak EU PMI data, however, failure to penetrate intra-day 1.1321 low lifted euro.
Price later climbed to session highs of 1.1366 after soft U.S. data but only to fell back to 1.1323 as usd regained caught a bid in New York afternoon partly on rising U.S. yields.

Yesterday's retreat from 1.1366 to 1.1323 suggests further choppy trading below Wednesday's near 2-week high at 1.1372 would continue n there is market chatter of stops below 1.1320, so selling on recovery is favoured.
Offers are noted at 1.1350/60 with stops reported above 1.1380 and more above 1.1400.

We have a slew of euro area eco. data due out in European morning, pay attention to release of key German Ifo data, expect selling to emerge if actual readings come in below street forecasts. We have a no. of ECB officials speaking at various venues but pay attention to ECB Presient Drgahi's speech in Italy at an event at 15:15GMT.

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AceTraderFx Feb 25: Intra-Day News and Views & data to be released today-EUR/USD

Intra-Day Market Moving News and Views
Update Time: 25 Feb 2019 03:00GMT

EUR/USD - 1.1347... Although the single currency dropped to 1.1325 in Australia today, price found renewed buying and gained to 1.1350 in Asian morning due to improved risk appetite after productive U.S.-China trade talks n continues to trade with a firm bias.

Euro's intra-day strength suggests pullback from last Wed's high at 1.1372 has possibly ended at 1.1316 Friday and upmove from Feb's trough at 1.1234 would resume after consolidation but loss of momentum should keep price below 1.1402 and yield retreat.

Orderbook remains light in the absence of economic data from eurozone today with offers seen at 1.1390/00 and more above at 1.1420/30 with stops building up above there whilst initial bids are noted at 1.1320/30, suggesting further choppy sideways swings are envisaged.

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