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

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

Intra-Day Market Moving News and Views
Update Time: 05 Feb 2020 04:30GMT

EUR/USD - 1.1040.. The single currency moved narrowly in subdued trading on Tuesday as market focus was on the Japanese yen n sterling. Price met renewed selling at 1.1064 at European open n edged lower due to intra-day selloff in sterling, despite a strg bounce in cable, euro hit session lows of 1.1034 in New York morning due to unwinding of long eur/gbp cross positions.

Euro's decline from 1.1096 (Friday) to 1.1037 Monday, then 1.1034 y'day suggests early correction from last Wednesday's 8-week trough at 1.0993 has ended and consolidation of downside bias is in store.
Offers are tipped at 1.1050/60 and more above with stops above 1.1070/80 while bids are noted at 1.1035-25 with stops below 1.1015.

On the eco. data front, today is PMI day in the euro area countries. Italy will kick off with Markit services PMI, then the same fm France, Germany, the EU as well as EU's retail sales. ECB's Vice President de Guindos and ECB Chief Economist Lane were scheduled to speak in European morning.

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

Intra-Day Market Moving News and Views
Update Time: 06 Feb 2020 04:30GMT

USD/JPY - 109.83 .. Dlr remains on the front foot in Asian trading following y'day's resumption of this week's rise to a near 2-week high of 109.84 in NY due to return of risk sentiment on rally in U.S. yields n U.S. equities following release of robust U.S. ADP private payrolls, boosting market expectation of an upbeat reading in Fri's U.S. NFP.

Intra-day brief break of said NY high suggests upside bias remains for gain to 110.00 after consolidation, however, loss of upward momentum is expected to cap price below Jan's 7-1/2 month peak at 110.28.
Bids have been raised to 109.60-50 n more below with stops below 109.25-20 while offers are tipped at 109.90/00 with some stops abv there, more stops are touted above 110.30.

U.S. will later release initially weekly jobless claims, labor costs n productivity. Also, we have Dallas Fed President Kapan (FOMC voter) speaking at an economic forum in Dallas at 14:15GMT.

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

Intra-Day Market Moving News and Views
Update Time: 10 Feb 2020 04:30GMT

EUR/USD - 1.0952.. The single currency is nursing loss in subdued Asian morning after extending recent decline to a 4-month trough of 1.0943 in hectic trading on Friday following intra-day wild swings in post-NFP New York morning.

As Friday's break of daily pivotal sup at 1.0982 (2019 November low) suggests correction from 2019 28-month bottom at 1.0880 (October) has ended, re-test of this key sup is on the cards after consolidation, therefore, selling the euro on recovery is the way to go and there is market chatter of stops building up below there.
Order book is fairly thin on this Monday with some offers tipped at 1.0965/75 with stops above 1.0985 while bids are noted at 1.0945-35 with some stops below 1.0925.

On the data front, we have Italy's industrial output and EU's Sentix investors' confidence at 09:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 12 Feb 2020 04:30GMT

USD/JPY - 109.87.. Despite yesterday's retreat in New York session from 109.96 to 109.73 due to usd's broad-based retreat, price edges higher in early Asian trading on modest yen-selling across the board due to improved risk sentiment on modest gains in U.S. stocks n rebound in U.S. yields.

The daily sideways swings following dlr's retreat from Friday's 2-week high of 110.02 to 109.54 in post-NFP New York suggest further choppy trading would continue, however, as long as 109.26/31 sup area holds, prospect of re-test of Jan's 7-1/2 month peak at 110.28 remains, therefore, buy the pair on dips is still favoured.
Bids are noted at 109.70-60 with stops below 109.50 n more stops are touted below 109.25.
Offers are tipped at 109.95/00 with stops reported above 110.30.

U.S. will release mortgage applications n federal budget which will go unnoticed. Pay attention to 2nd of the 2-day testimony by Fed Chiarman J. Powell before the Senate Banking Committee at 15:00GMT, we also have Fed's Daily n Fed's Harker speaking during the day (see our EI section for details).

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

Intra-Day Market Moving News and Views
Update Time: 13 Feb 2020 04:30GMT

EUR/USD - 1.0872.. Euro languishes near y'day's 3-week trough of 1.0866 in subdued Asian trading. Despite intra-day cable-led recovery to 1.0925 in European morning, sellers quickly emerged and price edged lower, then intra-day fall accelerated in New York morning to 1.0866 after tripping stops below 2019 trough at 1.0880.

The fact that euro is unable to stage a recovery in Asia suggests price would remain on the back foot n is en route to next chart obj. at 1.0840 (2017 low) after consolidation. Therefore, trading the single currency across the board is the way to go but oversold condition is expected to keep price above 1.0800.
Offers have been lowered to 1.0880/90 with some stops above 1.0900 while bids (profit taking) are touted at 1.0850-40.

The euro area countries will release a slew of eco. data starting with France's unemployment, then Germany's CPI n HICP plus EU's economic growth forecast. We also have a number of ECB officials scheduled to speak during the day, pls refer to our EI page for details.

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AceTraderFx Feb 14: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 14 Feb 2020 04:30GMT

USD/JPY - 109.80.. Dlr maintains a relatively steady posture in subdued Asian morning on Friday after yesterday's volatile swings. Despite Thursday's intra-day fall from 110.09 (AUS) to 109.81 ahead of Tokyo open on safe-haven yen buying after China reported a sharp jump in coronavirus cases under a new method, then to session lows of 109.63 in Europe, rebound in U.S. yields as well as renewed usd's broad-based strength lifted price back to 109.86 near New York midday.

Although decline from 110.13 (Wednesday) suggests price is not ready to re-test Jan's 7-1/2 month peak at 110.28, as long as 109.54 sup holds, daily upside bias remains.
Bids are noted at 109.70-65 with stops below 109.50 and offers are tipped at 110.00/10 with stops reported above 110.30.

T.G.I.F., BOJ Deputy Gov. Amamiya is scheduled to speak at a seminar organised by Tokyo Stock Exchange at 10:00GMT. U.S. will release a slew of eco. data (see our EI page for details), pay attention to release of key U.S. Jan's retail sales at 13:30GMT and then University of Michigan consumer confidence at 15:00GMT.
Cleveland Fed President Mester (FOMC voter) will speak at a financial event in Florida at 16:45GMT.

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

Intra-Day Market Moving News and Views
Update Time: 17 Feb 2020 04:30GMT

GBP/USD - 1.3048... The British pound went through a roller-coaster ride on Friday as despite briefly edging up to 1.3063 in early European morning, price dropped to session lows 1.3001 at New York open as newly appointed Finance Minister Rishi Sunak reminded Cabinet Ministers that they needed to find 5% in budget savings together with cross-selling of sterling especially vs euro. However, price then pared its losses and staged a rebound to 1.3053 near New York closing and continues to trade with a firm bias in Asia today.

Cable's strong rebound from Friday's low at 1.3001 suggests pullback from last Thursday's high at 1.3069 has ended there and re-test of said resistance is seen. Above would extend upmove from last Monday's 2-1/2 month trough at 1.2873 to 1.3090/00. However, offers at 1.3110/20 should cap upside and yield retreat later.

In the absence of major economic data from UK today, range trading is expected inside a narrow range ahead of European open and investors should keep an eye on the eur/gbp cross.

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

Intra-Day Market Moving News and Views
Update Time: 18 Feb 2020 04:30GMT

EUR/USD - 1.0828... Despite rebounding to 1.0850 in holiday-thinned trading yesterday, the single currency met renewed selling below previous resistance at 1.0861 and retreated to 1.0830. The pair then broke through last Friday's near 3-year trough at 1.0828 to 1.0824 in Asian morning on concerns over eurozone's growth. However, lack of follow-through selling triggered short-covering and price recovered to 1.0829.

Euro's intra-day break of last Friday's low at 1.0828 signals medium-term decline has once again resumed and further weakness to 1.0780/90 would be seen after consolidation.
Offers are now lowered to 1.0840/50 and more above at 1.0850/60 with stops building up above there whilst initial bids are noted at 1.0770/80.

Market focus is on the release of German ZEW economic sentiment and current conditions at 10:00GMT.
Street forecasts are for a drop to 21.5 and -10.3 vs previous readings of 26.7 and -9.5 respectively.

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AceTraderFx Feb 19: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 19 Feb 2020 04:30GMT

USD/JPY - 109.97... The greenback went through a roller-coaster ride yesterday as despite dropping to session lows at 109.66 in Asian morning on risk-averse buying in jpy, price erased its losses and rebounded to 109.79 ahead of European open. The pair hen ratcheted higher to an intra-day high at 109.94 in New York morning on usd's broad-based strength before retreating to 109.78. However, renewed buying there lifted the pair and price gained to 109.97 in Asia today.

Dollar's strong rebound from 109.66 to 109.94 yesterday and intra-day break of this resistance suggests early pullback from last week's high at 110.13 has ended at 109.63 Thursday and consolidation with upside bias remains. Above said res would bring gain towards January's 7-1/2 month peak at 110.28 later.
Bids are now seen at 109.70/80 and more below at 109.60/70 with stops building up below there whilst initial offers are noted at 110.40/50.

There is a slew of U.S. data to be released today including PPI at 13:30GMT along with several speeches from Federal Reserve officials but market focus will remain on the release of FOMC minutes at 19:00GMT. The central bank had kept its rates on hold despite continuous pressure from President Trump for Powell to cut rates.
Hence, investors would be looking for any hints on the path the bank will take in its rate setting policy.

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

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

USD/JPY - 111.29... The greenback takes a breather after yesterday's spectacular rally from 109.86 in Australia to a 9-1/2 month peak at 111.58 in New York morning as improved risk appetite triggered broad-based selling in the jpy and retreated to 111.12 in Tokyo morning today on profit-taking. However, renewed buying interest there contained downside and the pair recovered to 111.32.

Dollar's rally above January's 7-1/2 month peak at 110.28 to 111.58 yesterday suggests erratic upmove from 2019 33-month trough at 104.46 (August) has once again resumed and further gain to 111.80/90 would be seen.
Bids are now seen at 111.10/20 and more below at 110.90/00 with stops building up below there whilst initial offers are noted at 112.00/10.

Pay attention to the release of US jobless claims at 13:30GMT. Street forecast is 210k vs previous reading of 205k. Elsewhere, Richmond Fed President Thomas Barkin will participate in a talk hosted by Harvard University at 18:20GMT.

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