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

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

Intra-Day Market Moving News and Views
Update Time: 16 Oct 2019 04:30GMT

EUR/USD - 1.1026.. Euro is trading roughly where it was at this time in Asia yesterday after Tuesday's roller-coaster ride. Despite initial rebound to 1.1045 ahead of London open, price ratcheted lower on broad-based euro selling n hit session lows of 1.0992 after tripping stops below 1.1000, however, intra-day jump in cable on Brexit deal hope triggered short covering in euro n lifted price back up to 1.1044 b4 retreating.

Despite sideways move in subdued Asian morning, as rebound from 1.0992 signals pullback from last Friday's near 3-week high at 1.1062 has ended, euro's recent upmove is likely to resume after consolidatin and head to 1.1095/00, reckon 1.1109 (September high) should cap upside.
Bids are noted at 1.1015-05 with stops reported below 1.0990 while offers are tipped at 1.1040/45 with stops above 1.1065.

On the data front, Italy will releaase industrial orders n industrial sales, then final consumer prices and CPI, the EU will release trade balance, HICP n core HICP. ECB's Knot will speak at an event in New York at 12:30GMT, then followd by ECB Chief Economist Lane who will speak at an event in Washington D.C. at 14:00GMT.

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AceTraderFx Oct 17: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 17 Oct 2019 04:30GMT

EUR/USD - 1.1079.. The single currency stands tall in quiet Asian trading after climbing to a 3-week high of 1.1085 in New York session on Wed after intra-day volatile swings in hectic European morning.

Despite initial brief rise to 1.1059 at European open, euro fell to session lows of 1.1023 before ratcheting higher in tandem with sterling in New York morning and hit 1.1085 after New York midday. Yesterday's break of last week's 1.1062 high (Friday) confirms recent erratic upmove has once again resumed and price is en route to re-test next daily objective at 1.1109 (September high) after consolidation, however, reckon 1.1164 res would remain intact this week.
Bids are noted at 1.1060-50 with stops below 1.1020.
Offers are tipped at 1.1085/95 and more above with stops reported above 1.1110.

On the data front, Italy will kick off with trade balance and then EU's construction output. We have a European Council Summit meeting on Brexit. Also, ECB member Coeure will participate in G20 FinMin and Cenbank deputy governors meeting in Washington, D.C. as well as the annual IMF/World Bank annual meetings.

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

Intra-Day Market Moving News and Views
Update Time: 18 Oct 2019 04:30GMT

USD/JPY - 108.66.. Dollar trades narrowly in subdued Fri's Asian morning after retreating from Thursday's 2-1/2 month peak of 108.93 to 108.46. Despite intra-day brief rise above Tuesday's 108.89 high to 108.93 in European morning as news of a EU/UK Brexit deal boosted risk sentiment across the board, triggering also a rise in U.S. yields, however, profit taking quickly emerged and price erased intra-day gain after Northern Ireland's DUP rejected the deal, price later fell to session lows of 108.46 at New York midday.

Although range trading is in store in Asia, as long as 108.45/46 sup holds, recent upmove is likely to head toward next daily chart target at 109.31 (August high) after consolidation. Bids are noted at 108.60-50 with stops touted below 108.40.
Offers are tipped at 108.90/00 with stops reported above 109.00.

T.G.I.F., BOJ's Deputy Gov. Amamiya will speak at an annual financial event in Tokyo at 06:35GMT while Japan's FinMin Aso will hold press conference as chair of G20 in Washington D.C. at 17:15GMT. The only eco. dat due out from the U.S. is September leading indicator at 14:00GMT.
We also have a number of Fed officials scheduled to speak later today, please refer to our EI section for details.

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

Intra-Day Market Moving News and Views
Update Time: 21 Oct 2019 04:30GMT

GBP/USD - 1.2912... The British pound dropped in New Zealand to session lows at 1.2850 (Reuters) after UK lawmakers rejected PM Johnson's Brexit plan and voted to request an extension. However, lack of follow-through selling triggered profit-taking and price staged a short-covering rebound to 1.2921 at Asian open before stabilising.

Cable's intra-day fall to 1.2850 suggests recent upmove has made a temporary top at Friday's fresh 5-1/2 month peak at 1.2990 and consolidation with downside bias remains.
Offers are now seen at 1.2930/40 and more above at 1.2950/60 with stops building up above there whilst initial bids are noted at 1.2800/10.

In the absence of economic data from UK, market focus will remain on Brexit related headlines, as PM Johnson sent an unsigned letter to the EU requesting for an extension.

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

Intra-Day Market Moving News and Views
Update Time: 22 Oct 2019 04:30GMT

USD/JPY - 108.65... Although the greenback retreated from yesterday's high at 108.66 to 108.46 in New York morning, price erased its losses and rebounded to 108.63 in New York afternoon and then higher to 108.72 in thin Asian trading as Japanese markets remain closed today for the Emperor's Coronation holiday. However, lack of follow through buying triggered profit-taking and price retreated to 108.62 in Asian morning.

Dollar's retreat after intra-day break of yesterday's high at 108.66 to 108.72 suggests recovery from Monday's 108.30 low has ended there and consolidation with downside bias remains for weakness to 108.46, then 108.30.
Offers are now lowered to 108.70/80 with stops building up above there whilst initial bids are noted at 108.00/10.

The economic calendar is light today and U.S. will release its existing home sales at 14:00GMT. Furthermore, the Federal Reserve's blackout period has commenced ahead of its policy decision next week.

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AceTraderFx Oct 23: Intra-Day News and Views & data to be released today -GBP/USD

Intra-Day Market Moving News and Views
Update Time: 23 Oct 2019 04:30GMT

GBP/USD - 1.2849... The British pound proved quite tricky to trade yesterday as despite falling to 1.2889 at New York open after BBC political editor tweeted that government will pull Brexit legislation and push for election if lawmakers vote down bill, price rose briefly but sharply to session highs at 1.3000 as UK Parliament voted for PM Johnson's Brexit deal. However, the pair swiftly erased its gains and tumbled to as low as 1.2862 as lawmakers voted against Johnson's Brexit timetable and then fell further after penetrating said low in Asian morning on sterling's broad-based weakness.

Cable's intra-day break below yesterday's 1.2862 low signals decline from Monday's 5-1/2 month peak at 1.3012 has resumed and further weakness to 1.2810/20 would be seen.
Offers are now lowered to 1.2870/80 and more above at 1.2890/00 with stops building up above there but bids at 1.2790/00 should contain current fall and yield rebound later.

Market focus continues to remain on Brexit related issues as PM Johnson said it was up to the EU to decide whether it wanted to delay Brexit and for how long, after a defeat in parliament made ratification of his deal by the Oct. 31 deadline almost impossible

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


Intra-Day Market Moving News and Views
Update Time: 24 Oct 2019 04:30GMT


USD/JPY - 108.62... The greenback takes a breather in Tokyo morning and retreated to 108.60 after yesterday's rally. Price traded with a firm bias in Europe yesterday and continued to ratchet higher in New York due partly to a rebound in U.S. yields together with cross-selling in jpy and hit session highs at 108.70 at New York midday.

Dollar's rally from 108.26 to 108.70 on Wednesday suggests pullback from last Thursday's 2-month peak at 108.93 has ended there and consolidation with upside bias remains.

Bids are now seen at 108.50/60 and more below at 108.30/40 with stops building up below there whilst initial offers are seen at 108.90/00.

There is a slew of data being released from the U.S. today but one should pay particular attention to jobless claims at 12:30GMT and manufacturing and services PMI at 13:45GMT.

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

Intra-Day Market Moving News and Views
Update Time: 25 Oct 2019 04:30GMT

GBP/USD - 1.2840... The British pound went through a roller-coaster ride yesterday as despite initial gain to session highs at 1.2950 in early European morning, price retreated to 1.2875 in Europe before recovering. However, sterling met renewed selling at 1.2927 at New York open and fell to 1.2789 at New York midday on UK Brexit election concerns before staging a short-covering rebound to 1.2866 in New York afternoon and trading sideways in Asia today.

Although cable's recovery after yesterday's selloff from 1.2950 to as low as 1.2789 suggests minor consolidation would be seen in Asian morning before decline from Monday's near 5-1/2 month peak at 1.3012 heads to 1.2748/59 later, bids at 1.2720/30 should contain downside and yield rebound later.

As there is no economic data due from UK today, market focus remains on Brexit and UK politics as House of Commons leader Jacob Rees-Mogg said lawmakers will have a chance on Monday to vote on whether to hold an early national election.

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

DAILY MARKET OUTLOOK on Major
Update Time: 01 Nov 2019 03:30GMT

EUR/USD - 1.1150
Although euro's rally in post-FOMC on Wednesday to 1.1175 yesterday suggests correction from October's 2-month peak at 1.1179 has ended last week at 1.1074, subsequent retreat due to broad-based selling in EUR especially vs yen would bring sideways trading ahead of release of key U.S. jobs report.

As long as previous res area (now sup) at 1.1122-26 holds, upmove from October's 28-month bottom at 1.0880 is likely to head towards 1.1249 next week. A daily close below 1.1100 would risk weakness towards 1.1074, break may extend towards 1.1023.

There is no eco. data due out from the euro area countries, so are eyes are on U.S. NFP and average earnings. So be nimble and be quick when the data come out at 12:30GMT.

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

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

USD/JPY - 108.23.. Dollar moves narrowly in holiday-thinned Asian morning (Japanese market is closed for Culture Day holiday) after a roller-coaster Fri session.

Despite initial jump to 108.25 after release of robust U.S. payrolls, price swiftly erased intra-day gain and fell back to 107.93 due to renewed usd's weakness. The pair later climbed to session highs of 108.32 on selling in yen. Looks like range trading above Friday's near 3-week low at 107.90 (Asia) would continue but expected usd's weakness vs other major currencies suggests selling the pair for another fall is favoured.
Order board is pretty thin today with some offers tipped at 108.25/35 with stops above 108.50 while bids are noted at 107.95-90 with stops below there.

U.S. had moved its clock one hour back to winter time over the w/end. On the data front, we have ISM NY index, durable goods order and factory orders.

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