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

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AceTraderFx Sept 03: Intra-Day News and Views & data to be released today -GBP/USD

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

GBP/USD - 1.2034... The British pound remains on the back foot after Monday's selloff. Despite a brief jump to 1.2175 at European open yesterday, renewed selling quickly emerged and later tumbled to a 20-day bottom at 1.2036 in holiday-thinned North America session on renewed no-deal Brexit concern as British Prime Minister may call for a pre-Brexit snap election as well as downbeat UK manufacturing PMI data, then 1.2029 in Asian morning today.

Cable's selloff yesterday suggests correction from Aug's 30-month trough at 1.2015 has ended at last Tuesday's 4-week peak of 1.2310 and re-test of said sup would be seen after consolidation, where break would extend Medium Term decline towards 2017 bottom at 1.1983 before prospect of rebound due to oversold condition.
Offers are tipped at 1.2070/80 with more above with stops above 1.2110 while bids are noted at 1.2020-15 with stops below 1.1990-80.

On the economic calendar today, UK will release Markit construction PMI, where forecast is above previous reading of 45.3. However, traders should pay special attention to British court hearing in regards to forcing no-deal Brexit where it could cause potential volatility in the market.

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AceTraderFx Sept 04: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 04 Sept 2019 03:30GMT

USD/JPY - 105.96.. The greenback swung wildly above and below the 106.00 handle in volatile Tuesday's session. Although price fell from 116.38 (Asia) to 105.93 in European morning due to falling U.S. yields (benchmark 10-year yield hitting 3-year lows of 1.4288%), renewed broad-based usd's strength vs G3 currencies lifted price to 106.30 in New York morning but only to tumble to session lows of 105.75 after release of weak U.S. ISM-mfg data, however, short covering later lifted price ti0 106.07.

Intra-day rise back to 106.06 in Asian morning suggests sideways trading above 105.75 would continue, however, as early fall from last week's 106.67 to 105.75 signals 1st leg of correction from August's 104.46 bottom has ended, downside bias remains for weakness to 105.60 before prospect of rebound.
Offers are tipped at 106.20/30 with stops above 106.40 whilst bids are noted at 108.85-75 with stops reported below 105.60.

U.S. will release MBA mortgage applications, trade and goods balance, Redbook sales and then Fed's beige book.
Also we have a number of Fed officials speaking in New York session, please refer to our EI page for details.

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

Intra-Day Market Moving News and Views
Update Time: 04 Sept 2019 03:00GMT

EUR/USD - 1.1032.. The single currency is in holding pattern in subdued Asian trading after yesterday's resumption of upmove from Tuesday's 27-month bottom at 1.0927 to 1.1038 due to usd's broad-based weakness on easing of global tension as well as intra-day rally in cable.

As yesterday's break of Mon's 1.0998 high (now sup), then 1.1028 (prev. daily sup) to 1.1038 confirms long-awaited correction of recent downtrend has taken place, consolidation with upside bias remains for further headway to 1.1060, however, o/bot condition may cap price below 1.1092 ahead of Friday's key U.S. NFP.
Therefore, buying euro on dips is the way to go, bids have been raised to 1.1020-10 with stops below 1.0990.
While offers are tipped at 1.1040/50 with stops above 1.1060.

Eco. calendar from the euro area countries is very thin with Germany's industrial orders being the only data due out.
WE have ECB's Vice President de Guindos giving opening remarks at the ECB annual research conference in Frankfurt at 07:00GMT.

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AceTraderFx Sept 06: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 06 Sept 2019 03:00GMT

USD/JPY - 107.06.. Dollar orbits 107.00 handle after swinging wildly yesterday before resuming recent upmove in New York. Despite initial jump to 106.75 in Asia Thursday on rally in U.S. yields, price fell back to 106.38 on profit taking before climbing to a near 1-month high of 117.22 in New York morning after upbeat U.S. data and rally in the Dow, however, profit taking later knocked price to 106.88.

As yesterday's break above last week's 106.67 high to 107.22 confirms upmove from August's 104.46 bottom has resumed, gain to 107.49 is seen but loss of momentum would cap price below 107.82.
Bids are noted at 106.90-80 with stops below 106.70.
While offer are tipped at 107.20/30 with some stop touted above 107.50.

All eyes are on release of blockbuster U.S. NFP and average earnings, street forecast is looking for payroll to increase by 155K in August and MM earning to rise by 0.3%, if actual readings come out in line or beat estimates, then the greenback will rally, on the flip side, beware of a strong retreat.

Last but not least, pay attention to speech by Fed Chair J. Powell who will participate in "The Economic Outlook and Monetary Policy" panel discussion before event hosted by the Swiss Institute of International Studies, University of Zurich, in Zurich, Switzerland at 16:30GMT.

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AceTraderFx Sept 09: Intra-Day News and Views & data to be released today -GBP/USD

Intra-Day Market Moving News and Views
Update Time: 09 Sept 2019 03:30GMT

GBP/USD - 1.2281... The British pound moved narrowly in Asia on Fri and edged up to 1.2343 at European open, however, failure to penetrate Thur's 1-month high at 1.2353 triggered profit-taking and cable fell to 1.2286. Despite rebounding to 1.2338 in post-NFP in New York on usd's weakness, the pair later dropped to session lows at 1.2280, then 1.2265 (Reuters) in New Zealand today due to news reported on Sunday that British Prime Minister Boris Johnson has prepared plans to legally stop any Brexit extension before recovering (see earlier update).

Although cable's retreat from Thur's 1.2353 high to 1.2265 today suggests first leg of correction from last Tue's 34-month trough at 1.1959 has ended, as long as 1.2262/65 sup holds, consolidation with upside bias remains for re-test of said temporary top, where break would extend upmove towards 1.2382 before prospect of retreat.
Bids are noted at 1.2270-65 with stops below there while offers are tipped at 1.2310/20 with more above and stops above 1.2380.

On the economic calendar, UK will release a slew of data starting with GDP, followed by industrial output, manufacturing output, construction output, trade balance, and NIESR GDP estimate. Also, we will have Bank of England MPC member Vlieghe due to speak at 08:00 GMT at a panelist at the launch of the Macro Policy Unit at Resolution Foundation. Traders should also pay close attention to the UK parliamentary vote on Brexit which will happen later on today.

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AceTraderFx Sept 10: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 10 Sept 2019 03:00GMT

USD/JPY - 107.40.. Dlr continues its recent winning streak in Asia n hits a 5-week high of 107.49 as rising U.S. yields triggered a bout of broad-based yen selling at Asian open.

Despite intra-day break of Monday's high at 107.26 (New York) to 107.49, present retreat suggests range trading is likely to be seen, a firm break of 107.19 (low in Australia) would be the 1st signal temp. top is made and yields stronger retracement to 106.93 (New York low).
Offers are tipped at 106.45/50 with stops above 107.60 while some bids are noted at 107.25-20 n more below with stops below 106.90.

U.S. eco. calendar is pretty light today with Redbook sales and JOLTS job openings being the only data due out.

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AceTraderFx Sept 11: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 11 Sept 2019 03:00GMT

USD/JPY - 107.67.. Dlr catches a bid in Asian trading on Wed n hits a fresh 5-week high of 107.68 ahead of Tokyo lunch break. Despite yesterday's initial gain to 107.49 in Asia, profit taking pushed price to 107.24 in Europe, price briefly jumped to 107.48 near London midday after Reuters reported BOJ policymakers are more open to discussing the possibility of expanding stimulus at next week's BOJ meeting, dlr fell to session lows of 107.20 in New York morning but only to rise to a 5-week high of 107.58 ahead of New York close due to rally in U.S. yields.

Dlr's intra-day resumption of recent upmove suggests price mat head towards 107.96 after consolidation, however, loss of momentum is likely to cap upside at 108.00/10.
Bids have been raised to 107.55-50 with stops below 107.40 while some offers are tipped at 107.80/90 with stops touted above 108.00.

U.S. will later release a slew of data starting with MBA mortgage applications, final Aug PPI, core PPI, wholesale inventories n wholesale sales.

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

Intra-Day Market Moving News and Views
Update Time: 12 Sept 2019 03:30GMT


GBP/USD - 1.2328... Although cable initially gained from 1.2841 in Asian morning to 1.2371 in Europe on Wednesday, price met renewed selling and fell to session lows of 1.2313 in New York on renewed usd's strength and selloff in euro together with lingering no-deal Brexit concern before recovering to 1.2336 in Australia today.


Despite yesterday's fall to 1.2313, price is likely to remain confined inside this week's tight range of 1.2385-1.2307 and market focus has shifted to the euro due to key ECB rate decision and monetary policy announcement.
Offers are tipped at 1.2355/60 with stops above 1.2380 while bids are noted at 1.2310-00 and more below with stops below 1.2260.

Although no economic data is due out from the U.K. later today, traders should keep an eye out for Brexit headlines.

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

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

GBP/USD - 1.2334... The British pound pares overnight gains after Thursday's roller-coaster ride. Although cable moved sideways in Asia and edged up to 1.2342 in European morning, price briefly fell to session lows at 1.2284 at New York open on selloff in euro. However, renewed buying emerged and the pair rallied in tandem with euro to intra-day high of 1.2366 before retreating to 1.2328 at Asian open today.

Despite cable's resumption of erratic from Mon's near 6-week high at 1.2385 to 1.2284, subsequent strong rebound to 1.2366 suggests correction has ended and consolidation would be seen before recent upmove from last Tuesday's 34-month trough at 1.1959 heads towards projected target at 1.2430.
Bids are noted at 1.2330-20 with stops below 1.2300 while offers are tipped at 1.2370 with more above and stops reported above 1.2420.

Although there is no economic data coming out from U.K. today, we have Bank of England's Executive Director, Andrew Hauser participating in a panel at TradeTech FX Europe at 08:00 GMT.

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AceTraderFx Sept 16: Intra-Day News and Views & data to be released today - EUR/USD

Intra-Day Market Moving News and Views
Update Time: 16 Sept 2019 03:30GMT

EUR/USD - 1.1075.. The single currency moved relatively narrowly in subdued Asian morning as Japanese markets are closed today for holiday but yen swung wildly in risk off trades following Saturday.'s drone attacks on Saudi oil fields which triggered safe-haven yen and gold/silver buying in early New Zealand/AUD trading.

Friday's retreat from a 2-week high at 1.1109 (Europe) to 1.1062 in New York due to upbeat U.S. data suggests range trading is in store before recent upmove resumes later today and head towards next daily objective at 1.1164.
Bids are noted at 1.1070-60 with stops touted below 1.1050.
While offers are tipped at 1.1100/10 with stops above 1.1115.

On the data front, the only economic data from the euro area countries is Italy's final CPI. We have a number of ECB officials delivering speeches during European session, please refer to our Economic Indicator section for details.

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