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

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

Intra-Day Market Moving News and Views
Update Time: 20 Jan 2020 04:30GMT

GBP/USD - 1.3003... The British pound went through a volatile session on Friday. Although cable gained from 1.3065 in Asian morning and then jumped to a 1-week high of 1.3120 (Reuters) in European morning, price erased its losses and dropped to 1.3028 as release of downbeat UK retail sales data increased speculation of an interest rate cut from the Bank of England later this moth. The pair then recovered to 1.3059 but only to fall again to 1.3007 ahead of New York close and then opened lower to 1.2980 (Reuters) in New Zealand before rebounding to 1.3008 at Asian open.

Despite cable's strong rebound from last Tuesday's 18-day low at 1.2955 to 1.3120 on Friday, subsequent selloff to 1.2980 today suggests correction has ended and re-test of said support would be seen after consolidation, where break would extend decline from 1.3283 (December 31) to 1.2905/10. Hence, selling on recovery is favoured.
Offers are tipped at 1.3015 with more above and stops above 1.3060 while bids are noted at 1.2970-65 with stops below 1.2955.

Although there will be no economic data coming out from UK later today, as Brexit deadline approaches on Jan. 31st, traders should pay attention to related headlines that may cause some volatility in the market.

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

Intra-Day Market Moving News and Views
Update Time: 21 Jan 2020 04:30GMT

USD/JPY - 109.95... Although dollar initially fell to 110.05 in New Zealand yesterday, price recovered to 110.21 at Asian open before moving broadly sideways in Europe and then in holiday-thinned North American session as U.S. markets were closed for Martin Luther King holiday. The pair then dropped sharply from 110.21 at Asian open today to 109.91 after PBOC lifted its official yuan midpoint to the highest in 6-1/2 months at 6.8606 per dollar and then rebounded.

Although dollar's intra-day fall from 110.21 suggests further choppy trading below last Friday's fresh 7-1/2 month peak at 110.28 would continue, as long as 109.69/72 holds, upside bias remains for medium term upmove from 2019 33-month trough at 104.46 to resume and extend towards 110.67 before prospect of correction due to loss of momentum.
Bids are noted at 109.95-90 with stops below 109.70 while offers are tipped at 110.30/40 with more above and stops above 110.70.

Pay attention to Bank of Japan's rate decision (usually between 02:30-03:30GMT) and although the central bank is expected to keep policy on hold, investors should pay attention to Governor Haruhiko Kuroda's press conference at 06:30GMT about the economic outlook especially after the U.S. and China has signed off phase one of the trade deal earlier.

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

Intra-Day Market Moving News and Views
Update Time: 22 Jan 2020 04:30GMT

EUR/USD - 1.1078.. Euro remains on the back foot in Asia, trading just one tick above Monday's near 3-week trough of 1.1077.

Despite catching a bid in European morning at 1.1086 on upbeat German ZEW data n rising to session highs of 1.1118 in New York morning, the pair erased intra-day gain as usd met renewed broad-based buying, price later tumbled 1.1081 ahead of the close. Intra-day weakness suggests recent decline from December's 4-1/2 month peak at 1.1239 is en route to next daily target at 1.1041, so trading from short side is the way to go.
Offers have been lowered to 1.1085/90 n more above with stops above 1.1120.
Some bids are touted at 1.1075-70 with stops below 1.1065.

On the data front, France will release January business climate at 07:45GMT n then Italy's industrial orders and sales data at 09:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 23 Jan 2020 04:30GMT

USD/JPY - 109.65.. Dlr remains on the back foot in hectic Asian trading on renewed safe-haven yen buying as news of closure of airport n train station of Wuhan, the city in China where coronavirus started triggered another bout of risk-off trade, the pair fell from 109.86 (AUS) to 109.61 after tripping stops below 109.75.

Dlr's intra-day firm break of yesterday's 109.77 low signals recent upmove has made a temp. top at last Friday's 7-1/2 month peak at 110.28 n downside bias remains for stronger retracement to 109.44, reckon 109.00/05 would hold. Offers have been lowered to 109.75/85 with stop above 110.00. Some bids are noted at 109.55-45 area with stops below there.

U.S. will release a slew of eco. data starting with initial weekly jobless claims, leading index n Kansas City mfg index.

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

Intra-Day Market Moving News and Views
Update Time: 24 Jan 2020 04:30GMT

USD/JPY - 109.45... Dollar met renewed selling at 109.86 in Australia yesterday and fell to 109.50 in European morning on dampened risk trading due to concerns over spreading of coronavirus in China as well as selloff in the Nikkei-225. Despite rebounding to 109.65 ahead of New York open, the pair then dropped to a 13-day low of 109.27 in New York on falling U.S. Treasury yields before recovering to 109.57 at Asian open today.

Yesterday's fall below Tuesday's 109.77 low to 109.27 suggests recent decline from last Friday's fresh 7-1/2 month peak at 110.28 has once again resumed and further weakness to 108.95/00 would be seen after consolidation, however, reckon 108.62/66 should hold and yield rebound. Offers are tipped at 109.55/60 with stop above 109.80 while bids are noted at 109.10-00 with stops below there.

On the data front, U.S. will release Markit manufacturing PMI and Markit services PMI at 14:45 GMT.

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

Intra-Day Market Moving News and Views
Update Time: 29 Jan 2020 04:30GMT

EUR/USD - 1.1015... The single currency went through a roller-coaster ride yesterday. Although price rebounded to 1.1025 in Asian morning, the pair retreated to 1.1013 in European morning, and then dropped to an 8-week low at 1.0999 in New York before staging a recovery to 1.1022 near the close on cross-buying in euro, then higher to 1.1027 at Asian open today before weakening.

Although euro's rebound from yesterday's 1.0999 low suggests recent decline from December's 4-1/2 month peak at 1.1239 has made a temporary low, as long as 1.1037 res holds, consolidation with downside bias remains, below 1.0999 would bring re-test of November's 1.0982 bottom, break would extend to 1.0942/45. Offers are tipped at 1.1035 with stops above there while bids are noted at 1.1005-00 with stops below 1.0980 and more below 1.0940.

On the calendar front, Germany will kick off with GfK consumer sentiment and import prices at 07:00 GMT, then France will release consumer confidence at 07:45 GMT, followed by Italy's manufacturing business confidence and consumer confidence at 09:00 GMT, producer prices at 10:00 GMT. Swiss will also release investor sentiment at 09:00 GMT

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

Intra-Day Market Moving News and Views
Update Time: 30 Jan 2020 04:30GMT

USD/JPY - 108.94.. Dlr remains under pressure in early Asian trading due to return of risk-off trade after staging a intra-day bounce from 108.99 in New York morning to 109.25 in post-FOMC trading. Traders citing dlr's weakness after Fed Chair J. Powell's comments at post-FOMC presser who expressed concerns on the negative impact of the coronavirus, his remarks led to intra-day selloff in US yields where the benchmark 10-year fell from 1.667% to as low as 1.579%, just above its 3-month bottom at 1.57% hit earlier on Tuesday.

Intra-day weakness to 108.91 on renewed safe-haven yen buying suggests recovery from Monday's 2-week low at 108.74 has ended y'day at 109.26 (AUS) and stops below 108.70 are now in focus.
Offers have been lowered to 109.05/15 and more above with stops reported above 109.30.

BOJ Deputy Gov. Amamiya will be delivering a speech at Jiji news agency's seminar un Tokyo at 07:00GMT. Later, U.S. will release a slew of eco. data at 13:30GMT, pay attention to Q4 core PCE n PCE prices, Q4 advance GDP n Deflator n weekly jobless claims.

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

Intra-Day Market Moving News and Views
Update Time: 31 Jan 2020 04:30GMT

EUR/USD - 1.1031.. The single currency moves narrowly in subdued Asian morning after extending near term rise from Wednesday's fresh 8-week low of 1.0993 to 1.1038 in New York session as soft U.S. eco. data prompted short covering in the euro.

Although rebound from 1.0993 suggests recent decline from December's 4-1/2 month peak at 1.1239 has made a temp. low and range trading is in store.
Offers are tipped at 1.1035/40 with stops touted above 1.1060.
Bids are noted at 1.1010-00 with stops reported below 1.0980.

The euro area countries will release a slew of eco. data, please refer to our EI section for details.

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

Intra-Day Market Moving News and Views
Update Time: 03 Feb 2020 04:30GMT

USD/JPY - 108.56.. Although dlr re-tested Fri's 3-week low of 108.32 in Australia but buying interest quickly emerged n lifted the pair. Price ratcheted higher at Tokyo open n climbed to 108.57 due to intra-day rebound in U.S. yields (benchmark 10-year recovered from Friday's 3-1/2 month low of 1.5030%, circa 1.5358%).

Despite intra-day recovery, intra-day sharp selloff in Chinese stocks where benchmark Shanghai Composite down 8% at the open in reaction to recent China coronavirus concerns should prevent further strong usd's recover, therefore, trading the greenback from short side in anticipation of another bout of safe-haven yen buying is recommended.
Offers are tipped at 108.60-70 with stops above 108.80 while some bids are noted at 108.40-30 with stops below there.

U.S. will later release a slew of eco. data starting with Markit mfg PMI, construction spending n ISM mfg PMI. We also have Atlanta Fed President Bostic (non-voting member in 2020) speaking at 21:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 04 Feb 2020 04:30GMT

EUR/USD - 1.1060.. Euro trades quietly in Asia following y'day's 'cabel-led' decline from 1.1095 (AUS) to 1.1037 in NY morning, however, renewed buying in eur vs yen n sterling lifted price to 1.1066 near New York midday.

Despite last week's rally from a fresh 8-week trough of 1.0993 (Wed) to as high as 1.1096, subsequent weakness to 1.1037 suggests range trading is in store, a firm break of 1.1037 would signal recovery is over, then price would head back towards 1.1093. On the flip side, if euro climbs above 1.1096, then outlook would turn bullish for stronger retracement of recent fall to 1.1208/18, possibly towards 1.1142 later this week.
Offers are tipped at 1.1070/80 with stops above 1.1100 n bids are noted at 1.1045-35 with stops below 1.1030.

On the data front, we have a slew of eco. data from the euro area countries, please refer to our EI section for details.

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