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

[acetraderfx]

AceTraderFx Jul 24: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 24July 2019 03:00GMT

EUR/USD - 1.1146.. The single currency remains on the back foot in Asian trading after yesterday's selloff to a 2-month trough of 1.1146 near New York close, then marginally lower to 1.1144 in Asia today.

Tuesday's fall which started at 1.1209 ahead of Asian open n continued in European n New York sessions finally awakened euro from its recent summer lull as the breach of previous July's 1.1194 low signals downside break of the recent 2-week long sideways swings have taken place and price is en route to re-test 2019 22-month bottom at 1.1108 (May) where a breach of this key sup would pressure price towards projected downside target at 1.1054, perhaps dovish comments by ECB's Draghi at Thur's post-ECB press conference would be the catalyst for such a move. Therefore, trading euro from the short side is the way to go.
Offers have been lowered to 1.1160/65 and more above with stops above 1.1205.
While some bids are touted at 1.1140-30 with large stops reported below 1.1100.

Today is PMI day in the euro area countries, France will kick off with business climate, then Markit mfg and servicies PMIs followed by the same in Germany and then the EU. If the readings are weaker than street forecasts, then one can expect another bout of euro bashing, if actual readings are better than forecasts, then traders will sell the euro at better levels, period

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 25 July 2019 05:00GMT


EUR/USD - 1.1137.. Euro gained no respite in Wednesday's session and continued its recent losing streak to a near 2-month low of 1.1128 in early European trading, however, intra-day rally in sterling quickly prompted short covering in the single currency and lifted price to 1.1155 ahead of New York open before retreating to 1.1133 in subdued New York afternoon.

The fact the euro is trading near yesterday's low in Asia suggests market is keen to re-test 2019 bottom at 1.1108 (May's 22-month low) and large stops touted below 1.1100 are now in focus. Pay attention to German Ifo data ahead of key ECB monetary policy announcement n then the blockbuster post-ECB pres conference by ECB President Draghi. A weaker-than-expected German Ifo data will trigger another bout of euro bashing.
For now, offers are tipped at 1.1150/60 with stops touted above 1.1190/00.
Bids are noted at 1.1130-10 with stops below 1.1100.

Economic calendar in the euro area in very light with Germany's Ifo business climate, current conditions n expectations bring the only data due out, so all eyes are on the ECB's rate decison at 11:45GMT n post-ECB presser at 12:30GMT.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jul 26: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 26 Jul 2019 03:00GMT

USD/JPY - 108.67.. Dollar stands tall in subdued Asian morning after continuing this week's winning streak to a 2-week high of 108.75 due to intra-day rally in U.S. treasury yields (benchmark 10-year jumped from 2.011% to 2.10%) after upbeat U.S. data.

Yesterday's penetration of last week's 108.37 high and then 108.60 res suggests price is en route to re-visit July's peak at 108.99 where a break there would extend upmove from 106.79 (Jun) towards 109.59 next week. Therefore, as yen is expected to remain weak vs usd and other G7 counterparts, buying dlr again on pullback is the way to go.
Bids are noted at 106.60-50 and more below with stops below 108.30.
Offers are tipped at 108.70/80 with stops reported above 109.00.

T.G.I.F., U.S. will release a slew of eco. data later in the day, pay attention to key perl. Q2 GDP ahead of next week's FOMC meeting, street forecast is looking for an increase of 1.8% vs previous reading of 3.1%, other data include Fed's preferred inflation gauge, the price index for personal-consumption expenditures n core PCE. If GDP and PCE beat forecast, expect another round of usd buying.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jul 29: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 29 Jul 2019 03:00GMT

USD/JPY - 108.45.. Despite Fri's resumption of recent upmove to a 2-week high of 108.83 after upbeat U.S. data, dlr fell shortly after Tokyo open on broad-based yen buying, traders cited media report Japan's Government Pension Investment Fund (GPIF) has started to hedge its overseas bond investments prompted short-term specs to buy the Japanese yen broadly, price fell to 108.43 after tripping light stops below 108.50.

Although dlr's retreat from 108.83 suggests price is not quite ready to re-test July's peak at 108.99 and further choppy sideways swings are in store, as long as 108.29 (previous res, now sup) holds, daily bullishness remains for re-test of 108.99 where a break of this res would bode well for further headway towards next retracement target at 109.59 (50% r of 112.39-106.79) later this week. Therefore, buying dlr on intra-day pullback is cautiously favoured.
Bids are noted at 108.45-40 with stops below 108.25.
Offers are tipped at 108.70/80 and more above with stops reported above 109.00.

The BOJ starts its 2-day monetary policy meeting today. In the U.S., economic calendar is very thin with Dallas Fed manufacturing business index for Jul at 14:30GMT being the only data due out.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jul 30: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 30 Jul 2019 03:00GMT

EUR/USD - 1.1137.. The single currency continued to flirt above last Thursday's 2-year bottom at 1.1102 in directionless Monday's trading as the British pound took centre stage for 2 consecutive days.

Although price edged lower from 1.1138 in Asian morning on Monday to 1.1114 at New York open on usd's strength, active euro buying vs sterling on rising market fears of a no-deal Brexit as well as vs yen pushed price to session highs of 1.1150 in New York afternoon but offers three capped intra-day gain and euro inched lower ti 1.1134 in early Asian trading. Range trading may continue until Wednesday's Fed's rate decision but as long as 1.1287 (reaction high from 1.1102) holds, the single currency is en route to 1.1054 later this week.
Offers are tipped at 1.1145/50 and more above with stops touted above 1.1200 whilst bids are noted at 1.1115-00 are with fairly large stops reported below 1.1100.

On the data front, the euro area counties will release a slew of economic data, please refer to to economic indicators section for details.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jul 31: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 31 July 2019 03:00GMT

EUR/USD - 1.1153.. Although the single currency continued to move narrowly for 3 consecutive session in directionless trading on Wednesday while sterling took centre stage, the daily sideways swings after early rebound from last Thursday's 2-year bottom at 1.1102 to 1.1187 is likely to end after Fed's rate decision and post-FOMC press conference later today.

Therefore, until then, expect more choppy range trading to continue in European morning as traders are keeping their powder dry, however, dlr may move a bit in NY morning after release of the volatile U.S. ADP private payrolls n then Chicago PMI.
Offers are tipped at 1.1160/70 and more above with stops reported above 1.1200.
While bids are noted at 1.1130, then at 1.1115-00 with fairly large stops touted below 1.1100.

The euro area countinues will release a slew of economic data, please refer to our economic indicator section for details.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 01: Intra-Day News and Views & data to be released today -USD/JPY

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

USD/JPY - 109.22.. The greenback stands tall on the first trading day in August as price climbed at Tokyo open n easily penetrated Wednesday's as well as previous July's high at 108.99 to an 8-week peak of 108.31 due to renewed broad-based usd's gain following o/n rally in post-FOMC New York after less-dovish remarks by Fed's J. Powell who said the Fed's quarter-point rate cut was a "midcycle adjustment", implying more rate cuts are not forthcoming, the pair rallied from 108.53 to 108.99.

Intra-day rally above 108.99 confirms recent 3-legged rise from 106.70 (June) has finally resumed and price is en route to 109.59 (61.8% r from 112.39), however, loss of momentum would prevent strong gain and reckon 109.93 res should cap upside. Therefore, buy dlr on pullback is the way to go, bids have been raised to 109.10-109.00 n more below with stops below 108.70. Offers are tipped at 109.30/40 with stops touted above 109.50.

Later today, U.S. will release weekly jobless claims, Markit mfg PMI, construction spending and ISM mfg PMI.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 01: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 01 Aug 2019 05:30 GMT

EUR/USD - 1.1049
Euro's anticipated selloff below last Thursday's 1.1102 low (now res) in post-FOMC New York trading to a fresh 2-year trough of 1.1061 after less-dovish comments by Fed's J. Powell suggests price is en route towards psychological target at 1.1000 after consolidation, however, oversold condition is likely to keep price above 1.0975 ahead of Fri's key jobs report.

On the upside, only a daily close above 1.1102 signals temporary trough is in place and may risk stronger retracement to 1.1140/50.

Today is PMI day in the euro area countries, Italy will kick off with Markit mfg PMI, then the same from France, Germany and the EU.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 02: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 02 Aug 2019 03:00GMT

USD/JPY - 107.09.. The pair remains on the back foot in hectic Asian trading after o/n selloff in New York afternoon to a near 1-week low of 107.23 after U.S. Trump tweeted that he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 01.
The safe-haven yen and Swiss franc rallied on the news, U.S. stocks tumbled and U.S. Treasury yields suffered a steepest single-day drop since May 2018 (benchmark 10-year Treasury yields fell to 1.876%, which was their lowest level since November 09, 2016).

Thursday's selloff from Asian 8-week peak of 119.31 to 107.23, then 106.86 today suggests early correction from June's 5-1/2 month bottom at 106.79 has ended and re-test of this level is on the card. Therefore, as market's primary focus is renewed tension of global trade war, even if today's U.S. jobs report beats estimate, traders will be selling the pair on rally.
Offers are tipped at 107.45/55 and more above with stops above 108.00.
Some bids (profit taking) are noted at 106.90-80 with stops below 106.70.

T.G.I.F., once the market calms down, traders will await release of key U.S. jobs report plus other slew of U.S. data, please refer to our economic indicators page for details of U.S. data.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 05: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 05 Aug 2019 03:00GMT

EUR/USD - 1.1120.. Although the single currency extended Fri's post-NFP rally to a marginal high of 1.1131 after tripping light stops above New York high at 1.1116 as intra-day selloff in usd/yen led to renewed usd's weakness vs G4 currencies, lack of follow-through buying quickly knocked price lower, suggesting sideways swings are in store until European open.

As euro's rise from last Thursday's fresh 2-year trough at 1.1028 signals recent downtrend has made a temporary low, consolidation with upside bias remains for price to head back towards last week's high at 1.1162, so buying the pair on pullback is recommended.
Order board is pretty thin on this Monday in Asia, bids are noted at 1.1110-00 and more below with stop touted below 1.1070.
While offers are tipped at 1.1130/40 and more above with stops reported above 1.1165/70.

Today is PMI day in the euro area countries, France will kick off with non-farm payrolls, industrial outlook, then Italy will release Markit services PMI, the same from France, Germany and the EU as well as Sentix investor sentiment index.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates