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

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

Intra-Day Market Moving News and Views
Update Time: 27 May 2019 03:00GMT

USD/JPY - 109.42.. The greenback pares Friday's weakness to an 8-day low at 109.28 (New York) and rebounded to 109.51 in Asia on Monday as broad-based marginal gain in Asian equities following recovery in U.S. stocks on Fri has triggered some yen-selling, suggesting range trading is in store until European open.

As dollar has reterated broadly after the usd index (DXY) hit a 2-year peak of 98.371 on Thursday, consolidation with downside bias remains and stops below May's 3-month low at 109.02 are now in focus.
Offers are tipped at 109.50/60 n more above with stops above 109.80.
Bids are noted at 109.30-20 and more below with stops below 109.00.

U.K. n U.S. markets are closed for Spring Bank holiday and Memorial Day respectively, so expect trading activity to wind down after European lunch session. Pay attention to BOJ Kuroda's speech at T20 Summit in Tokyo at 03:00GMT.

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

Intra-Day Market Moving News and Views
Update Time: 28 May 2019 03:00GMT

USD/JPY - 109.52.. Dlr moves narrowly in Asian morning after trading quietly in holiday-thinned North American session as U.S. markets were closed for Memorial Day holiday.

Although price edged higher to 109.63 after Tokyo open, Reuters news on optimism of a U.S.-Japan trade deal triggered a bout of yen buying, suggesting range trading with downside bias remains for re-test of Friday's 8-day low at 109.28.
Offers are tipped at 109.60/70 with stops above 109.75.
Whilst bid are noted at 109.45-35 with stops below 109.20.

Japan FinMin Taro will give a keynote speech at a Tokyo conference at 04:00GMT.
Later, U.S. will release a slew of eco. data starting with monthly home price, CS home price, consumer confidence and Dallas Fed mfg business index in New York morning.

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

Intra-Day Market Moving News and Views
Update Time: 29 May 2019 03:00GMT

EUR/USD - 1.1168.. Trading the single currency proved to be trick on Tue. Despite initial weakness in Asia n then intra-day brief drop to 1.1176 in European morning, euro rebounded to 1.1198 and then swung sideways. The pair later fell after release of upbeat U.S. consumer confidence n hit session lows of 1.1160 near New York close.

Although price has staged a short-covering bounce in Asia, as long as 1.1198 holds, stronger retracement of upmove from last Thursday's 2-year bottom at 1.1108 to 1.1140/50 is likely before prospect of rebound later today.
Offers are tipped at 1.1175/85 with stops above 1.1200.
Bids are noted at 1.1160-50 with stops below 1.1120 and there bis market chatter of large stops below 1.1100.

The euro area countries will release a slew of eco. data during European morning n also we have a number of ECB officials scheduled to speak, please refer to our EI section for details.

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

Intra-Day Market Moving News and Views
Update Time: 30May 2019 03:00GMT

EUR/USD - 1.1138.. Euro moves narrowly in subdued Asian morning after extending decline from this week's high at 1.1215 to a 6-day low of 1.1124 on Wednesday.

Despite initial recovery to 1.1173 at Asian open yesterday, price ratcheted lower to 1.1149 in European morning and price later hit session lows of 1.1124 as traders sold the euro broadly vs usd, yen, gbp and chf after report the European Commission sent on a letter to the Italian govt. asking for explanations about the deterioration of Italy's public finances.
The pair inched higher on short covering near New York close n rose to 1.1143 in Asian morning.

Although euro's weakness to 1.1124 suggests early correction from last Thursday's 2-year bottom at 1.1108 has ended, below 1.1100/08 needed to extend recent downtrend towards projected target at 1.1054 next week.
For now, offers are tipped at 1.1145/55 with stops above 1.1175.
Bids are noted at 1.1125-15 with large stops reported below 1.1100.

Many European centres are closed for Ascension Day holiday and with Germany, France and Switzerland are closed, trading may be quiet until New York open.

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

Intra-Day Market Moving News and Views
Update Time: 31 May 2019 03:00GMT

USD/JPY - 109.38.. The pair went through a roller-coaster rise in hectic trading on Thur. Although price met renewed buying at 109.48 at Tokyo open n climbed to 109.83 in holiday-thinned European morning, dlr later hit session highs of 109.93 due to broad-based usd's strength in New York morning, price quickly retreated on profit taking in the greenback n later fell back to 109.49.

Despite initial narrow trading in Australian, Trump's tweet on possible raising of tariffs on Mexico (see early updates for details) triggered a bout of safe-haven yen n Swiss franc buying, price fell to 109.23 before stabilising.
The Japanese yen is expected to remain bid as Euroepan traders may buy the yen on risk aversion when they come in, trading dlr from shorty side is favoured and stops below 109.00 are now in focus.
Offers are tipped at 109.45/50 with stops above 109.65.

T.G.I.F. but not yet for European and North American traders as U.S. will release a slew of data later today starting with key core PCE, PCE, personal income and spending, Chicago PMI and University of Michigan consumer confidence.
We also have Fed's Bostic and Williams speaking during New York morning session.

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

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

USD/JPY - 108.23.. The pair remains on the back foot in calmer trading on Monday n hit a near 5-month trough of 108.15 in Asian following following Friday's selloff from 109.63 (Australia) to as low as 108.28 near New York close due to active safe-haven yen buying throughout Friday's session after Trump's threat on Twitter to raise trade tariffs on Mexico substantially, traders flocked to yen n the Swiss franc on risk aversion.

Despite intra-day brief break of said Friday's low, oversold condition is likely to prevent steep fall and there is market chatter of usd demand by Japanese names (importers) at 108.00-107.90.
For now, offers are tipped at 108.35/40 and more at 108.55/60 with stops reported above 109.00.

Today is PMI day in the U.S., we have Markit mfg PMI, then construction spending n ISM mfg PMI.
We also have Fed Vice Chair for Supervision Quarles, Fed's Barkin and Fed's Bullard speaking in New York later today.

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

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

EUR/USD - 1.1247.. Euro remains on the front foot in Asian morning after staging a impressive rally from 1.1160 (Europe) to as high as 1.1262 in New York afternoon, thanks to broad-based usd's weakness after dovish comments by Fed's Bullard, however, offers at May's 1.1265 high checked intra-day gain.

Looks like Asian traders are reluctant to test euro's upside since 1.1265 has been seen by many as a rather strong res, so range trading is in store ahead of European open.
However, yesterday's resumption of recent upmove to a near 3-week high at 1.1262 suggests upside bias remains and stops above 1.1265 are now in focus.
Bids have been raised to 1.12135-25 wit stops below 1.1215.
Offers are tipped at 1.1260/65 with stops above there n more above 1.1305.

On the data front, France will kick off with trade balance, then Italy's unemployment n the same from the EU, then HICP.

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

Intra-Day Market Moving News and Views
Update Time: 05 Jun 2019 03:00GMT

USD/JPY - 108.04.. Although the pair staged a short-covering rebound from Tuesday's near 5-month trough of 107.85 (Asia) to 108.36 in New York morning as intra-day strong rebound in U.S. yields as well as rally in U.S. stocks (the Dow ended up 512 points, or 2.06% at 25332) triggered broad-based yen selling, mildly dovish comments by Fed's Chairman J .Powell later pressured the greenback broadly in NY afternoon trading, price fell back to 108.02.

Dlr's rebound from 107.85 to 108.36 suggests recent downtrend has made a temp. low n price may obit the 108.00 handle ahead of Euroepan open, as long as Mon's high at 108.45 holds, downside bias remains for one more fall b4 prospect of a modest correction later this week.
Offers are tipped at 108.25/35 with stops touted above 108.50 while bids are noted at 108.00 and more below with stops below 107.75.

U.S. will release a slew of eco. data starting with MBA mortgage applications, then the volatile ADP private payrolls, ISM non-mfg PMI n last but not least, fed's beige book.
After Tuesday's speeches by a great number of Fed officials, we have Fed's Evans, Fed's Bostic and Fed's Rosengren delivering public speeches in New York session.

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

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

USD/JPY - 108.28.. Despite initial weakness to 108.19 in Australia due to safe-haven yen buying on media reports U.S.-Mexico trade talk ended on Wednesday in Washington without a deal, subsequent news that trade talk will resume on Thursday lifted the pair and dlr rebounded to 108.40 at Tokyo open.

Although yesterday's rally from a 6-month bottom at 107.82 at New York open after U.S. ADP private payrolls grew at its small pace in over 9 years, subsequent release of robust ISM non-mfg PMI triggered broad-based usd's rally and lifted price to 108.48 suggests recent downtrend has made a temp. low n choppy sideways swings are in store.
Bids are noted at 108.10-00 with stops below 107.75.
Offers are tipped at 108.40/50 with stops above there.

BOJ Gov. Kuroda will speak at financial conference in Tokyo at 08:25GMT. Ahead of Fri's key jobs report, U.S. will release weekly jobless claims, trade balance, labour costs n productivity. Also we have Fed's Kaplan n Fed's Williams speaking in NY session.

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

Intra-Day Market Moving News and Views
Update Time: 10 Jun 2019 03:30GMT

USD/JPY - 108.48.. The pair opened higher in New Zealand (108.54) as news of withdrawal of trade tariffs on Mexico by U.S. Trump which came after Fri's market close boosted risk sentiment n led to broad-based yen and chf selling.

Dlr briefly climbed above Friday's 108.61 (Europe) high to 108.67 (Reuters) before easing in relatively subdued Asian morning as Asian traders were reluctant to buy usd after Fri's release of much weaker-than expected U.S. payrolls, however, broad-based rebound in Asian stocks (N225 currently up 1.09%, Shanghai Composite up 1.16% n HSI up 2.23%) suggests yen is likely to be sold vs other G7 currencies.
Bids are noted at 108.30-20 with stops below 108.00, more buying interest is touted below 108.00 with stops reported below 107.75/70.

No major U.S. eco. data is due out after Fri's blockbuster NFP and the only data due out is JOLTS job openings.

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