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

[acetraderfx]

AceTraderFx Jun 11: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 11 Jun 2019 03:30GMT

EUR/USD - 1.1314.. The single currency is trading roughly where it was in Asia 24 hours ago. Although price ratcheted lower in Asian morning on modest euro selling following news report on Sunday that sources said ECB were open to cutting interest rates if economic growth slows, price fell from 1.1331 (New Zealand) to session lows 1.1291 in holiday-thinned European morning before rebounding to 1.1324 in New York afternoon.

Although yesterday's weakness to 1.1291 suggests recent upmove has made a temp. top at Friday's 10-week peak at 1.1347, subsequent bounce to 1.1324 suggests consolidation with upside bias remains before prospect of further gain to 1.1385, reckon 1.1400 should hold and yield stronger correction later today or tom.
Bids are noted at 1.1300/90 with stop below there, more stops are touted below 1.1250.
Offers are tipped at 1.1340/50 with stops above there.

Economic calendar is very light in the euro area countries, the only data due out is EU's Sentix investor sentiment for June.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 12 Jun 2019 03:00GMT

USD/JPY - 108.47.. The pair met renewed buying at Tokyo open at 108.36 and climbed to 108.66 at European open, then later to session highs of 108.80 also at New York open due to active broad-based yen selling, lack of follow-through buying and falling U.S. yields later pushed the pair to 108.44.

Although dlr's rally from last Friday's post-NFP low at 107.89 to 108.80 yesterday suggests further choppy trading above last Wednesday's 5-month trough at 107.82 would continue, subsequent retreat signals consolidation with downside bias remains, below 108.34/36 sup would indicate said correction has ended n may head back towards 107.82.
Offers are tipped at 108.55/65 and more above with stops above 108.80 while bids are noted at 108.40-35 with stop below there.

On the data front, U.S. will release CPI, core CPI, real weekly earnings and then Federal budget.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 13 Jun 2019 03:00GMT

EUR/USD - 1.1296.. Euro is nursing loss in subdued Asian morning after Wed's selloff from 1.1343 (Europe) to 1.1283. Despite yesterday's intra-day firmness, failure to re-test last Friday's 10-week peak at 1.1347 triggered profit taking and intra-day decline accelerated as the greenback caught a bid in New York trading, knocking the pair sharply lower.

Yesterday's decline suggests further choppy trading below Jun's 1.1347 high would continue with downside bias, offers are tipped at 1.1300/10 with stops above 1.1330.
Some bids are noted at 1.1285-80 and more below with stops touted below 1.1250.

ON the data front, Germany will release final CPI and final HICP and then EU's indurtial production.
The Eurogroup meets in Bressels today, ECB's Draghi and Coeure will participate in this meeting.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 14 Jun 2019 03:00GMT

USD/JPY - 108.31.. Dlr is trading roughly where its was 24 hours ago in subdued Asian morning on Friday after a mini roller-coaster ride in Thursday's session.
Despite yesterday's initial weakness at Tokyo open and intra-day fall from 108.53 (AUS) to session lows of 108.17, price staged a short-covering rebound in Europe n climbed back to 108.53 in New York morning, renewed Middle East tensions triggered safe-haven yen buying and pressured price to 108.26.

Intra-day softness has retained daily bearishness on dlr as the early fall from 108.80 (Tuesday) to 108.17 suggests correction from June's 5-month bottom at 107.82 has possibly ended, so trading the pair from short side due to anticipated yen's strength is favoured.
Offers are tipped at 108.40/50 with stops above 108.60, more stops are reported at 108.85.
Bids are noted at 108.25-15 with stops below there.

T.G.I.F., U.S. will release a slew of eco. data later today, pay attention to retail sales, then industrial production, capacity utiliztion, mfg output, business inventories, and last but not least, University of Michigan consumer confidence.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 17 Jun 2019 03:00GMT

EUR/USD - 1.1221.. Euro is nursing loss after Friday's selloff from 1.1289 (Europe) to a 1-week low of 1.1203 as the greenback caught a bid in early New York morning following release of decent U.S. May retail sales and more importantly a huge upward revision to previous April's -0.2% reading to as high as 0.3%, traders bought the greenback broadly after the release and the pair closed near session lows at 1.1207.

Euro's decline from June's 1.1347 peak to 1.1203 strongly suggests early correction from May's 22-month bottom at 1.1108 has ended and consolidation with downside bias is seen this week. As market expectation is for the Fed to stand pat in its 2-day monetary policy meeting starting tom, the greenback is likely to maintain a biddish tone in next few days, therefore, selling euro on recovery is recommended.
Order book is pretty thin on Monday with some offers tipped at 1.1230/40 with stop above 1.1270, bids are noted at 1.1205-00 with stops below there.

Although no eco. data is due out from the euro area countries, pay attention to comments from ECB officials where some of them are attending the 3-day ECB Forum on Central Banking 2019 in Sintra, Portugal. ECB President Draghi will make an opening speech at 17:00GMT later today and then at 08:00GMT Tuesday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 18 Jun 2019 03:00GMT

USD/JPY - 108.35.. Dlr falls in Asian trading on renewed broad-based yen buying, comments by BOJ Governor Kuroda which warned of global uncertainty on economic outlook attributed to safe-haven yen buying.

Despite yesterday's cross-inspired erratic rise to 108.70 in Asia n then to session highs of 108.72 ahead of New York open, price quickly retreated after New York mfg index suffered the steepest one-month drop on record n price later retreated to 108.52 near the close. Intra-day decline suggests choppy trading below last week's 108.80 high would continue with downside bias, however, reckon June's 5-month bottom at 107.82 would remain intact ahead of Wednesday's Fed rate decision.
Offers have been lowered to 108.55/65 with stops above 108.80.
Bids are noted at 108.25-20 with stops below 108.10.

U.S. will later release building permits, housing starts n Redbook sales. The 2-day FOMC meeting starts today.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 19 Jun 2019 03:00GMT

USD/JPY - 108.45.. Dlr swung wildly in hectic Tuesday's session. Despite intra-day decline from 108.58 (AUS) to a 1-week low at 108.07 in New York morning, news of U.S. Trump will meet with China's Xi for trade talks at next week's G20 summit in Osaka, Japan triggered broad-based yen selling due to market optimism, the pair briefly rallied to 108.67 but price quickly pared intra-day gain and retreated to 108.24 and later moved sideways in subdued New York afternoon.

Despite initial gain to 108.61 shortly after Tokyo open, intra-day retreat suggests choppy sideways swings with downside bias remains ahead of Fed's rate decision n accompanied FOMC statement.
Any dovish comments by Fed Chairman J. Powell at post-FOMC presser would knock dlr below June's 5-month trough at 107.82, so trading from short side is favoured.
Offers are tipped at 108.60/70 with stops above 108.80 while bids are noted at 108.20-10 with stops reported below 108.00 and more below 107.75.

BOJ Gov. Kuroda will deliver a speech in Tokyo at 06:30GMT and board member Eto will also speak in Tokyo around the same time. The only eco. data from the U.S. is MBA mortgage applications, then FOMC monetart policy announcement at 18:00GMT.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 20 Jun 2019 03:00GMT

USD/JPY - 107.74.. Dlr tumbled at Tokyo open following o/n selloff in post-FOMC New York session after Fed's dovish tilt and dropped from 108.13 (AUS) to a 5-1/2 month trough of 107.56 after tripping stops below previous June's bottom at 107.82, however, intra-day recovery on short covering ahead of BOJ's monetary policy announcement suggests range trading would be seen.

Having said that, today's break of 107.82 confirms decline from 2019 peak at 112.39 has finally resumed after 2-week of volatile daily swings and further weakness towards projected downside target at 107.30 is envisaged but 107.00/05 should contain weakness.
Offers have been lowered to 107.80/90 with stops above 108.10 while bids are noted at 107.60-50 with stops below 107.30.

Pay attention to BOJ Gov. Kuroda post-BOJ presser at 06:30GMT. U.S. will release weekly jobless claims, current account and Philly Fed survey all at 12:30GMT later today.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 21 Jun 2019 03:00GMT

EUR/USD - 1.1306.. Euro edges higher in Asian trading as intra-day renewed weakness in usd/yen triggered another bout of usd selling.

Yesterday's resumption of upmove from this week's low at 1.1182 (Tuesday) to as high as 1.1317 in New York morning suggests re-test of June's 10-week peak at 1.1347 would be seen after consolidation, therefore, buying the single currency on pullback is favoured and stops above 1.1250 are in focus.
Bids have been raised to 1.1280-70 with stops below 1.1250 while offers are tipped at 1.1315/25 and more above with stops above 1.1350.

Today is PMI day in the euro zone, France will kick off with Markit mfg and services PMIs, then the same from Germany and then the same from the EU. ECB's Draghi will participate in the Euro Summit in Brussels.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

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

Intra-Day Market Moving News and Views
Update Time: 24 Jun 2019 03:00GMT

EUR/USD - 1.1376.. Euro maintains a biddish tone in Asian trading after Fridays impressive rally from 1.1284 (Europe) to a 3-month peak of 1.1377 in NY afternoon due to continued usd's broad-based weakness.
The single currency mat renewed buying at New Zealand open and climbed to 1.1386 shortly after Asian open before easing on lack of follow-through buying.

Friday's rally above previous June's 1.1347 to 1.1377, then 1.1386 today confirms Medium Term upmove from 2019 bottom at 1.1108 (May) has finally resumed and price is en route towards next daily chart obj. at 1.1448 (Mar high), therefore, buying euro on dips is the way to go.
Order book is light on this Monday morning, bids are noted at 1.1360-50 with some stops below 1.1340, offers are tipped at 1.1390/00 with stops above 1.1400.

On the data front, pay attention to release of key German Ifo business climate , current conditions n expectation indexes, the euro will extend recent gain if actual readings beat forecasts. ECB Executive Board Member Lautenschlager will make a presentation at Rotary Club in Frankfurt, Germany at 11:00 GMT.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates