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

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AceTraderFx Mar 12: Intra-Day News and Views & data to be released today -USD/JPY

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

USD/JPY - 111.40... The greenback traded with a firm bias in Asia yesterday and gained to 111.31 at European open before retreating to 111.04.
However, dlr found renewed buying there and rebounded to 111.28 at New York midday on mixed U.S. retail sales data, then rose to 111.46 in Tokyo morning today due partly to a rally in Nikkei-225 (currently up by 360 points or 1.74%).

Dlr's intra-day strength suggests decline from last week's high at 112.14 has made a low at 110.79 Friday and consolidation with mild upside bias remains.
Bids are now seen at 111.10/20 n more below at 110.90/00 with stops building up below there whilst initial offers are noted at 111.80/90.

Pay attention to the release of US CPI and core CPI at 12:30GMT. Street forecasts CPI mm and yy are 0.2% and 1.6% vs previous readings of 0.0% and 1.6% respectively.

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AceTraderFx Mar 13: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 13 Mar 2019 03:30GMT

EUR/USD - 1.1289... The single currency proved quite tricky to trade yesterday as despite initial rebound from 1.1252 to 1.1284 in European morning, price dropped in tandem with sterling to 1.1249 at New York open. Euro then found renewed buying there and rallied to session highs at 1.1305 in New York afternoon before retreating to 1.1283 in New York close.

Although euro's rise above Monday's high at 1.1258 suggests upmove from last Thursday's 20-month trough at 1.1177 has resumed and marginal gain would be seen, offers at 1.1320/30 and more above at 1.1340/50 would cap upside and yield a much-needed retreat.
Initial bids are noted at 1.1220/30, suggesting selling on intra-day rise is the way to go.

Pay attention to the release of EU industrial production at 10:00GMT.
Street forecasts for mm and yy are 1.0% and -2.1% vs previous readings of -0.9% and -4.2% respectively.

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AceTraderFx Mar 13: Daily Recommendations on Major - EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 13 Mar 2019 06:30 GMT

EUR/USD - 1.1290
The single currency's rise to 1.1307 in New York yesterday suggests medium-term decline has made a temporary low at last Thursday's 20-month trough at 1.1177 and consolidation with upside bias remains for stronger retracement towards 1.1321/26 would be seen, however, loss of momentum would keep price below 1.1351/55 and yield retreat later this week.

On the downside, only below 1.1249 would indicate aforesaid recovery has ended instead and risk would increase for stronger weakness towards 1.1222.

Data to be released on Wednesday :
Australia consumer sentiment, Japan corporate goods price, machinery orders.
EU industrial production, and U.S. MBA mortgage application, durable goods, durables ex-transport, durables ex-defense, PPI, construction spending.

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

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

USD/JPY - 111.44... Despite the greenback's gain in Europe yesterday and re-test of Tuesday's high at 111.47 at New York open, failure to penetrate said res triggered profit-taking n price dropped to session lows at 111.01 in New York afternoon due partly to usd's weakness on soft US data.
However, price erased its losses n rebounded to 111.31 in Australia today, then higher to 111.51 in Tokyo morning on broad-based selling in jpy.

Dlr's break of 111.47 res in Asian morning suggests upmove from last Fri's low at 110.79 has once again resumed, suggesting consolidation with upside bias remains.
Bids are now seen at 111.20/30 and more below at 111.00/10 with stops building up below there whilst initial offers are noted at 111.80/90.

There is a slew of US data to be released today including import n export prices but traders should keep an eye on jobless claims at 12:30GMT. Street forecast is for a slight increase to 225k from previous reading of 223k.

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

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

EUR/USD - 1.1315... The single currency remained under pressure in Asia yesterday after a brief rise to 1.1341 in Australia and retreated to 1.1312 at European open.
Price met renewed selling at 1.1336 n dropped to session lows at 1.1294 in New York morning on usd's strength. However, euro has pared some of its losses and staged a rebound 1.1316 in Asia today due partly to cross-buying in euro especially vs sterling.

Euro's rebound from New York low 1.1294 suggests the pullback from 1.1341 has ended there and consolidation with upside bias remains.
Bids are now seen at 1.1300/10 with stops building up below there whilst initial offers are noted at 1.1360/70.

There is a slew of economic data to be released from the eurozone today but traders should pay attention to the release of EU final inflation figures at 10:00GMT.
Street forecasts for mm n yy are 0.3% and 1.5% vs previous readings of -1.0% and 1.5%.

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

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

EUR/USD - 1.1327... The single currency swung wildly on Friday as despite initial rebound to 1.1327, then 1.1330 in Europe, price briefly fell to 1.1300 in early New York morning before rising to session highs at 1.1345 in New York.
Later, price pared its gains and retreated to 1.1315 at New York midday before stabilising.
Euro has continued to traded sideways in a narrow range today.

Euro's break of previous res at 1.1341 to 1.1345 last Friday signals upmove from March's 20-month trough at 1.1177 has once again resumed, suggesting consolidation with upside bias remains.
Bids are now seen at 1.1310/20 and more below at 1.1290/00 with stops building up below there.

Since there is no significant eco. data due from the EU today, traders should keep an eye on comments from ECB's chief economist Peter Praet, as he delivers a keynote speech in Luxembourg at 15:10GMT.

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

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

USD/JPY - 111.29... The greenback remained under pressure yesterday and dropped to 111.30 at New York midday on broad-based buying in jpy before staging a rebound to 111.45 near New York closing.
However, dlr met renewed selling there and dropped at Tokyo open to 111.25 after tripping stops below yesterday's 111.30 low together with initial fall in Nikkei-225 index.

Intra-day break of yesterday's 111.30 low signals rise from March's low at 110.79 has ended at 111.190 last Friday, suggesting consolidation with downside bias remains.
Offers are now lowered to 111.40/50 and more above at 111.60/70 with stops building up above there whilst initial bids are noted at 110.90/00.

Market focus is now on the Federal Reserve's rate decision, as they commence their 2-day FOMC meeting today.
Although no change to the rate is expected, traders are looking for the language used by the central bank in regards to its forward guidance after recent releases of soft U.S. data.

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

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

USD/JPY - 110.65... The greenback finally gains some respite in thin Asian trading as Japanese markets remain closed for Vernal Equinox Day.
Dollar remained under pressure yesterday and retreated to 111.38 in New York morning before tumbling in post-FOMC trading to as low as 110.54 after the Federal Reserve kept its interest rate on hold and signaled it doesn't foresee any further hikes this year due to a slowdown in the country's economic growth. Price then pared some of its losses and staged a rebound to 110.75 in Australia before stabilising.

Usd's selloff to 110.54 yesterday suggests decline from March's 10-week peak at 112.14 has once again resumed and consolidation with downside bias remains ahead of European open.
Offers are now seen at 110.80/90 and more above at 111.10/20 with stops building up above there whilst initial bids are noted at 110.00/10.

Pay attention to the release of US jobless claims at 12:30GMT. Street forecast is for a drop to 225k from previous reading of 229k.

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

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

EUR/USD - 1.1377... The single currency met renewed selling at 1.1438 in Asia yesterday and dropped to 1.1393 in European morning, then tumbled to an intra-day low at 1.1343 in New York afternoon on dollar's broad-based strength. However, price pared its losses and staged a short-covering rebound to 1.1383 near New York close before retreating again to 1.1361 in Asian morning today.

Although euro's rebound from yesterday's low at 1.1343 suggests decline from Wednesday's 6-week peak at 1.1448 has ended there, offers at 1.1380/90 and more above at 1.1400/10 should cap upside and yield retreat later.

Pay attention to the release of EU manufacturing and services PMI at 09:00GMT. Street forecasts are 49.7 and 52.7 vs previous readings of 49.3 and 52.8 respectively.

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

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

USD/JPY - 109.79... The greenback tumbled on Friday in European session and hit a 5-week low at 109.74 in New York afternoon due to the sharp decline in U.S. Treasury yields together with a selloff in U.S. equities. Despite a short-covering rebound to 110.17, price met renewed selling at Asian open today and fell below aforesaid low to 109.71 on broad-based buying in jpy as Japanese stocks dropped (Nikkei-225 is currently down by 676 points or 3.13%).

Dollar's intra-day break of Friday's low at 109.74 signals erratic decline from March's 10-week peak at 112.14 has once again resumed, suggesting consolidation with downside bias remains.
Offers are now lowered to 109.90/00 and more above at 110.10/20 with stops building up above there whilst initial bids are noted at 109.10/20.

Data to be released today:
Japan all industry activity index.
Germany Ifo business climate, Ifo current conditions, Ifo expectations.
U.S. Chicago national activity index, Dallas Fed manufacturing business index on Monday.

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