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

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AceTraderFx Apr 07: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 07 Apr 2020 04:30GMT

USD/JPY - 108.82.. Despite extending rebound from yesterday's New York low at 108.85 to 109.27 in Australia earlier today, failure to re-test Monday's 1-week high of 109.37 triggered broad-based yen buying, the pair fell back to 108.73 ahead of Tokyo lunch break after tripping stops below 108.85.

Although dlr's intra-day weakness suggests near term upmove from last week's low at 106.93 (Wed) has made a temporary top and sideways swings are in store.
Offers have been lowered to 109.10/20 and more above with stops reported above 109.40. Bids are noted at 108.75/70 with stops touted below 108.60.

Eco. calendar is very light in the U.S. where 2nd-teir Redbook sales and JOLTS job openings will be released.

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AceTraderFx Apr 08: Intra-Day News and Views & data to be released today -USD/JPY

Intra-Day Market Moving News and Views
Update Time: 08 Apr 2020 04:30GMT

USD/JPY - 108.75.. The greenback remained on the back foot in early Australian trading due to usd's broad-based weakness in New York session yesterday together with falling U.S. yields. Price fell ahead of Tokyo open on a bout of safe-haven yen buying n tumbled to 108.51 after tripping stops below Tuesday's 108.68 low, however, price quickly pared intra-day losses on intra-day broad-based usd's rebound at Asian open n climbed back to 108.87.

Although the decline from 109.37 (Monday) suggests near term upmove from last Wednesday's 2-week trough has made a temp. top, intra-day rebound would bring consolidation with mild upside bias, above 109.14 (European high yesterday) would encourage for re-test of 109.37 later today.
Bids are noted at 108.70/65 with stops below 108.50 while offers are tipped at 109.00/10 with stops above 109.15 and more more stops have been reported above 109.40.

ON the data front, although the only data due out from the U.S. is MBA mortgage applications, pay attention to release of FOMC minutes which may shed some more light on last month's emergency meeting and rate cut in the aftermath of COVID-19 pandemic which hit U.S. economy n sent millions out of work abruptly.

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AceTraderFx Apr 09: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 09 Apr 2020 04:30GMT

EUR/USD - 1.0855
Euro swung wildly in hectic Wednesday's session n price also chopped in directionless but volatile Asian trading on Thursday.

Although the single currency shrugged off intra-day selling after price tumbled from 1.0887 to 1.0831 in early European morning on news EU FinMins had failed to agree on a coronavirus rescue package for the EZ countries in the wake of COVID-19 pandemic which threatened to put EZ economy into a deep and protracted recession, failure to move higher and subsequent retreat in New York session suggests price would trade below 1.0926 (Tuesday high) as traders await another day of meeting which is likely to produce positive result later in the day, if so, then euro will rally to 1.0950/60.
Bids are noted at 1.0850-40 with stops touted below 1.0830 while offers are tipped at 1.0885/95 with some stops above 1.0900, more stops are reported above 1.0930.

Euro countries will release a slew of eco. data (please refer to our EI section for details) as well as minutes of last ECB's monetary policy meeting at 11:30GMT.

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

Intra-Day Market Moving News and Views
Update Time: 14 Apr2020 04:30GMT

USD/JPY - 107.66.. Dlr is runring loss in relatively subdued Asian morning after yesterday's intra-day selloff from 108.52 to an 11-day trough of 107.51 in holiday-thin New York afternoon due partly to active cross-buying of yen esp vs euro.

Despite staging a recovery to 107.79 in New Zealand morning, price came under renewed selling n fell back to 107.54 shortly after Asian open. As yesterday's fall signals corrective rise from April's 106.93 low has ended last week at 109.37 (Mon), selling the greenback on recovery is the way to go.
Offers are noted at 107.80/90 n more above with stops above 108.25.
Some bids are touted at 107.55-50 with stop below there.

On the data front, U.S. will later release some 2nd-tier data starting with import n export prices, then Redbook sales. We have several Fed presidents scheduled to speak during New York time, pls refer to our EI section for details.

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AceTraderFx Apr 15: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 15 Apr 2020 04:30GMT

EUR/USD - 1.0981.. The single currency maintains biddish tone in subdued Asian morning after climbing yesterday to a near 2-week high of 1.0987 in New York, then 1.0991 in Australia.

As Tuesday's gain above 1.0967 (Monday high) confirms recent erratic rise from April's 1.0637 bottom remains in force, upside bias remains for further headway to 1.1003 (61.8% r of fall from 1.1147-1.0637), however, reckon 1.1039 res would cap upside and yield a long-overdue retracement of said upmove.
For now, buying euro on dips is favoured with bids noted at 1.0965-55 with stops below 1.0945 while offers are tipped at 1.0990/00 with stops touted above 1.1010.

The euro area countries will release inflation data today starting with France's CPI, then the same from Italy. EU FinMins will meet again via video conference to discuss further support for the EZ countries in the wake of COVID-ap pandemic n ECB's President Lagarde and ECB's Panetta will also participate in the meeting for a second day.

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AceTraderFx Apr 16: Intra-Day News and Views & data to be released today -EUR/USD

Intra-Day Market Moving News and Views
Update Time: 16 Apr 2020 04:30GMT

EUR/USD - 1.0884.. Euro remains on the back foot in Asian trading after yesterday's wild swings in European n New York sessions.

Despite falling from a 2-week peak of 1.0991 (AUS) to as low as 1.0857 as usd caught a bid on renewed risk-aversion, release of downbeat U.S. retail sales prompted broad-based long liquidation in the greenback and lifted euro back up to 1.0939 before drifting lower in late New York trade as buying dried up. Intra-day weakness to 1.0876 in Asia has retained bearishness for decline from 1.0991 to retrace recent rise from April's 1.0769 bottom to head back towards 1.0831 target.
Offers are tipped at 1.0900/10 n more above with stops above 1.0940.
Bids are touted at 1.0870/60 with stops below 1.0850.

The euro area countries will release a slew of eco. data (see our EI section for details) but traders' focus is on U.S. initial weekly jobless claims where another blow out number will trigger another round of usd buying on risk aversion.

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

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

USD/JPY - 107.74.. Dlr pares o/n gain in New York and fell from intra-day high of 108.08 (AUS) to 107.66 due partly to cross-buying of yen after yesterday's roller-coaster ride.

Trading on Thur proved to be 'tricky' to say he least as despite rising from 107.36 (AUS) to 108.08 in Asia, price fell steadily to session lows of 107.17 on safe-haven yen buying after dismal U.S. initially weekly jobless claims jumped to a record 22 million, however, broad-based usd buying on risk-off trade sent price higher to 107.94 near New York close, then 108.08 today before easing.

Looks like choppy trading inside 107.94-108.08 range would continue n a daily above the upper level needed to turn outlook bullish for stronger gain to 118.59/61 early next week.
Offers are tipped at 108.00/10 with stops above 108.15 while bids are noted at 107.60-50 with stops below there.

T.G.I.F., the only data due out from the U.S. is leading index for March and we have St. Louis Fed President scheduled to speak at 13:00GMT.

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

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

USD/JPY - 107.80.. Despite Friday's intra-day fall from 108.08 (AUS) to 107.31 in New York morning, price moved narrowly in New York afternoon n the pair caught a bid it Tokyo open on broad-based yen selling and climbed back to 107.89.

As price is likely to remain confined inside recent established range of 107.94-108.08, sell dlr on further intra-day rise in anticipation of another fall towards 107.17 is favoured.
Offers are tipped at 107.85/95 with stops above 108.10 whole bids are noted at 107.45-35 with stops below 107.10 n more stops are reported below 106.90.

U.S. eco. calendar is very light today with Chicago national activity index for March being the only data due out later today at 12:30GMT.

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

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

EUR/USD - 1.0832.. Euro falls in hectic trading as the greenback catches a bids in Asian morning. O/n selloff in oil prices together with weakness in U.S. stocks n intra-day decline in U.S. stock futures are prompted broad-based usd buying on risk aversion.

Euro fell from 1.0871 (AUS) to 1.0827 ahead of Tokyo lunch break after tripping stops below Monday's 1.0842 low. Intra-day weakness suggests re-test of last Friday's 9-day trough of 1.0813 would be seen next n stops below 1.0800 are in focus.
Offers have been lowered to 1.0850/60 with some stops above 1.0875, more stops are reported above 1.0900.
Bids are noted at 1.0820/15 with stops below there. Therefore, trading the single currency from short side is the way to go.

The euro area countries will release a slew of eco. data staring with Germany's ZEW eco. sentiment n current conditions, then EU's ZRW eco. sentiment, readings of these data are expected to come out worse then street forecast n would attract euro selling.

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

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

EUR/USD - 1.0854.. The single currency is currently trading roughly where it was this time yesterday after a roller-coaster Tuesday's session. Despite falling steadily from 1.0871 (AUS) in Asia on a bout of safe-haven usd buying and hit intra-day low of 1.0817 in New York morning, price erased intra-day losses and briefly jumped to 1.0880 due to broad-based long liquidation in usd positions, however, price quickly retreat to 1.0842 as buy dried up and moved narrowly in New York afternoon.

Although yesterday's rebound from 1.0817 suggests further choppy swings above last Friday's 9-day trough at 1.0813 would continue, as long as reaction high at 1.0896 (Monday) holds, recent decline from April's 1.0991 peak would resume after consolidation and head towards projected target at 1.0786/90.
Offers are tipped at 1.0880/90 with stops above 1.0900/05.
Bids are noted at 1.0830/20 with stops reported below 1.0810.

On the data front, Italy will release industrial orders and industrial sales at 08:00GMT n later at 14:00GMT, we have EU's consumer confidence index.

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