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

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

Intra-Day Market Moving News and Views
Update Time: 20Nov 2019 05:20GMT

GBP/USD - 1.2913... Although the British pound edged up to session highs at 1.2970 at European open, price erased its gains and dropped to 1.2927, then to an intra-day low at 1.2911 in New York afternoon on cross-selling of sterling especially vs eur. The pair then recovered to 1.2930 in Australia before falling in tandem with euro to 1.2901 in Asian morning.

Cable's selloff after Monday's rise to 1.2985 suggests upmove from November's low at 1.2769 has temporary top there and consolidation with downside bias remains. Therefore, selling on intra-day recovery for a stronger retracement to 1.2868 is favored. 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 1.2860/70.

Data to be released on Wednesday :

Germany producer prices, U.S. MBA mortgage application, FOMC minutes, and Canada CPI.

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

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

GBP/USD - 1.2928... The British pound proved quite tricky trade yesterday as despite initial retreat from 1.2930 (Australia) to session lows at 1.2888 in early European morning, price pared its losses and rebounded to 1.2930 in New York on usd's weakness together with cross-buying in sterling especially vs euro and then edged up to 1.2932 in Asian morning today and remains on the front foot.

Cable's rebound from yesterday's low at 1.2888 suggests pullback from Monday's high at 1.2985 has ended there and mild upside bias would be seen, however, offers at 1.2940/50 should cap current rise and yield retreat later. Therefore, trading from short side is the way to go.

As there is no major economic data due from UK today, one should continue to keep an eye on the polls for UK's election.

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

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

USD/JPY - 108.67... The greenback found renewed buying at 108.58 ahead of Asian open and gained to 108.70 in Tokyo morning due partly to the rise in Nikkei-225 and U.S. yields. Earlier, despite dropping to 108.29 in Asia yesterday, the pair erased its losses and gained to 108.69 at New York open on dollar's broad-based strength before trading sideways.

Dollar's rebound from yesterday's low at 108.29 suggests further choppy trading above last Thursday's low at 108.25 would continue and marginal gain is likely, however, offers at 108.80/90 and more above at 109.00/10 should limit upside and yield retreat later. Bids are now seen at 107.80/90 with stops building up below there.

Pay attention to the release of U.S. manufacturing PMI, services PMI (14:45GMT) and University of Michigan Consumer Confidence (15:00GMT).
Street forecasts are 51.5, 51.0 and 95.7 vs previous readings of 51.3, 50.6 and 95.7 respectively. Investor focus also remains on the continuing U.S.-China trade war dispute and one should keep an eye on the newswires for headlines relating to this.

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AceTraderFx Nov 22: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 22 Nov 2019 09:30GMT

USD/JPY - 108.59
Dollar's fall from Nov's 5-month peak at 109.48 to 108.25 last Thursday suggests medium term upmove from Aug's 33-month trough at 104.46 has made a temporary top, subsequent rebound to 109.06 on Monday, then retreat to 108.29 yesterday would yield range trading before prospect of another fall towards 107.90 (Nov low).

On the upside, only above 108.84 would risk stronger retracement to 109.06, break, 109.29.

Data release later:
Germany GDP, Markit manufacturing PMI, Markit services PMI, France Markit manufacturing PMI, Markit services PMI, EU Markit manufacturing PMI, Markit services PMI, UK manufacturing PMI, services PMI.
Canada retail sales, retail sales ex-autos, and U.S. Markit manufacturing PMI, Markit services PMI, University of Michigan sentiment index, KC Fed manufacturing index.

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

Intra-Day Market Moving News and Views
Update Time: 26 Nov 2019 04:30GMT

GBP/USD - 1.2898... The British pound proved quite tricky to trade yesterday as despite opening higher to 1.2865 in New Zealand, price dropped to session lows at 1.2841 in Asian morning. However, the pair found renewed buying there and gained to 1.2885 in European morning, then higher to session highs at 1.2913 (Reuters) on cross-buying of sterling especially vs euro before retreating to 1.2878 in New York as an election poll showed the Conservatives lead shrinking. Price then staged another recovery to 1.2904 near New York closing before trading sideways.

Cable's retreat from 1.2913 yesterday suggests the recovery from last Friday's low at 1.2822 has ended there and consolidation with downside bias remains, therefore trading from short side is the way to go. Offers are now seen at 1.2910/20 with stops building up above there whilst initial bids are noted at 1.2840/50.

Data to be released on Tuesday :
Germany GfK consumer sentiment, Swiss non-farm payrolls, Italy trade balance non-EU, UK BBA mortgage approvals.
U.S. building permits, good trade balance, wholesale inventories, redbook, monthly home price, CS home price, new home sales, Richmond Fed manufacturing index.

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AceTraderFx Nov 27: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 27 Nov 2019 05:30GMT

USD/JPY - 109.11... The greenback proved quite tricky to trade yesterday as despite initial jump to 109.20 in Asia on positive US-China trade news, price erased its gains and dropped to session lows at 108.88 in European morning only to rebound again to 109.14 in New York afternoon. The pair then found renewed buying at 109.02 near New York closing and recovered to 109.14 in Asia today due partly to a recovery in U.S. yields.

Dollar's rebound from 108.88 suggests the pullback from 109.20 has ended there and consolidation with upside bias remains and above 109.20/29 would bring a re-test of November's 5-month peak at 109.48. Bids are now seen at 108.90/00 and more below at 108.80/90 with stops building up below there whilst initial offers are noted at 109.60/70.

There is a slew of U.S. data to be released today as markets will be closed for Thanksgiving holiday tomorrow. Pay particular attention to U.S. GDP at 13:30GMT. Street forecasts for GDP qq and GDP deflator are 1.9% and 1.7% vs previous readings of 1.9% and 1.6% respectively.

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AceTraderFx Nov 28: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 28 Nov 2019 05:30GMT

EUR/USD - 1.1006... The single currency remained under pressure in Asia yesterday and continued to ratchet lower in European session on cross-selling of euro especially vs sterling, hitting session lows at 1.0993 in New York morning. However, lack of follow-through selling triggered short-covering and price rebounded to 1.1010 in Australia today before trading sideways.

Euro's break of Monday's 10-day low at 1.0004 to 1.0993 yesterday suggests a re-test of November's trough at 1.0990 is forthcoming. Therefore, selling on intra-day recovery for a resumption of decline from October's peak at 1.1179 to 1.0950/60 is favored. Offers are now seen at 1.1020/30 and more above at 1.1030/40 with stops building up above there whilst initial bids are noted at 1.0940/50.

There is a slew of data to be released from the eurozone today. Pay particular attention to the release of EU business climate, economic sentiment and consumer confidence at 10:00GMT. Street forecasts are -0.14, 101.0 and -7.2 vs previous readings of -0.19, 100.8 and -7.2 respectively.

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

Intra-Day Market Moving News and Views
Update Time: 29 Nov 2019 04:30GMT

GBP/USD - 1.2909... The British pound proved quite tricky to trade yesterday as despite retreating to 1.2920 in Asia yesterday after a jump to 1.2953 on YouGov's election poll result, price rebounded to 1.2951 ahead of European open. However, failure to penetrate said resistance triggered profit-taking and the pair dropped to session lows at 1.2900 in subdued North American trading due partly to cross-selling in sterling especially vs euro before trading sideways.

Cable's fall from 1.2953 to 1.2900 yesterday suggests the recovery from last Friday's low at 1.2822 has ended there and consolidation with downside bias remains for weakness to 1.2866.
Offers are now seen at 1.2920/30 and more above at 1.2940/50 with stops building up above there whilst initial bids are noted at 1.2840/50.

Data to be released on Friday :
New Zealand building permits, Japan Tokyo core CPI, Tokyo CPI, unemployment rate, industrial output, construction orders, consumer confidence, housing starts, UK GfK consumer confidence, Germany retail sales, unemployment change, unemployment rate, France consumer spending, GDP, CPI, producer prices, Swiss KOF indicator, Italy unemployment rate, CPI, GDP, EU HICP, core HICP, unemployment rate, and Canada GDP, producer prices, budget balance.

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

Intra-Day Market Moving News and Views
Update Time: 02 Dec 2019 05:30GMT

GBP/USD - 1.2912... The British pound has proved quite tricky to trade recently as despite dropping from 1.2922 to 1.2879 in European morning on Friday, price rallied to 1.2945 near New York closing on usd's broad-based weakness. The pair then opened lower in New Zealand and retreated to 1.2906 after a poll that released over the weekend showed a narrowing lead for Johnson's Conservatives Party.

Cable's gap-down open suggests the recovery from last Wednesday's low at 1.2827 has ended at 1.2953 on Thursday and consolidation with downside bias remains for weakness to 1.2879, then 1.2841. Offers are now seen at 1.2940/50 with stops building up above there whilst initial bids are noted at 1.2820/30.

Pay attention to the release of UK manufacturing PMI at 09:30GMT. Street forecast is for an unchanged reading at 48.3.

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

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

USD/JPY - 109.08... The greenback finally gained some respite and staged a rebound to 109.14 in Asian morning today after yesterday's selloff in New York session to 108.93 on usd's broad-based weakness on the back of poor U.S. data together with falling U.S. yields and stocks.

Dollar's selloff from a near 6-month peak at 109.72 to 108.93 yesterday suggests Medium Term upmove has made a temporary top there and consolidation with downside bias would be seen for stronger retracement to 108.48. Offers are now seen at 109.20/30 and more above at 109.40/50 with stops building up above there whilst initial bids are noted at 108.30/40.

In the absence of U.S. economic data today, investors should keep an eye on US-China trade related headlines.

AceTrader - Best Intra-day Forex Trading Strategies
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