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

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

Intra-Day Market Moving News and View
Update Time: 18 Dec 2020 05:30GMT

EUR/USD - 1.2247.. Although euro maintained a firm undertone in later NY trading n Australian morning today after Thur's impressive rally abv Wed's 1.2211 top to a fresh 2-1/2 year peak of 1.2273 in NY session, intra-day strg retreat in cable has 'dragged' price lower in Asia, suggesting range trading would continue until European open.

As y'day's break of Wed's 1.2211 high (now sup) signals recent uptrend remains in progress, buying on dips is still favoured. Bids are noted at 1.2240-30 n more below with stops touted below 1.2210. On the upside, offers are tipped at 1.1.2270/75 with stops abv there.

The euro area countries will release a slew of eco. data, pls refer to our EI page for details. Pay particular attention to Germany's Ifo data at 09:00GMT especiallt Ifo business climate, street forecast is 89.0 vs prev. reading at 90.7, if actual reading comes in better then forecast, then euro will move higher n vice versa

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

Intra-Day Market Moving News and View
Update Time: 21 Dec 2020 05:30GMT

EUR/USD - 1.2192.. The single currency remains on the back foot in hectic Asian morning after opening lower in tandem with selloff in cable, price penetrated Fri's low at 1.2226 (New York) and fell to 1.2205 in Australia, despite a brief recovery, renewed weakness in cable n broad-based rebound in the greenback knocked price to 1.2180 ahead of Tokyo lunch break.

As intra-day firm break of said Fri's low to 1.2180 confirms recent uptrend has made a top at Thursday's fresh 2-1/2 year peak at 1.2273, downside bias remains for stronger correction to 1.2177 n possibly towards 1.2125 later this week. Order board is very light in Asia on Monday, some offers are tipped at 1.2220/30 with stops above 1.2240/45 whilst some bids are touted at 1.2180/75 with stops below 1.2170.

On the data front, we have Italy's trade balance n later EU's consumer confidence.

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

Intra-Day Market Moving News and View
Update Time: 22 Dec 2020 05:30GMT

EUR/USD - 1.2233.. Trading the single currency was very tricky due to Mon's wild swings. Euro opened lower n fell in tandem with cable from 1.2234 (AUS) to 1.2169 at European open, despite a brief bounce to 1.2226, the pair tumbled to session lows of 1.2131 due to safe-haven usd buying due to weakness in global stocks. However, euro quickly erased its intra-day losses n later rallied in New York trading to as high as 1.2253 as U.S. stocks pared initial losses n rebounded in New York afternoon, triggering a bout of risk-on usd selling.

Euro's impressive rise from 1.2131 to 1.2253 Monday suggests correction from Thursday's fresh 2-1/2 year peak at 1.2273 has ended, therefore buying the single currency in anticipation of resumption of Medium Term uptrend is favoured.
Order board is pretty thin in Asia after yesterday's volatile move as well as market approaches year end, some bids are noted at 1.2225/15 and more below with stops touted below 1.2200 while offers are tipped at 1.2250/60 with stops above 1.2275/80.

Eco. calendar is very thin today but pay attention to important Germany's Gfk consumer confidence index at 07:00GMT. We have ECB's Centeno n de Cos speaking in European session.

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

Intra-Day Market Moving News and View
Update Time: 23 Dec 2020 05:30GMT

USD/JPY - 103.54.. Dlr pares yesterday's rise in Asian trading following rebound on Tuesday from 103.29 (Asia) to 103.73 after upbeat U.S. data n range trading is expected to continue until European open.

As early rebound from last Thursday's 9-month trough of 102.88 to 103.88 on Monday suggests recent downtrend has made a temp. low, consolidation with upside bias remains.
Bids are noted at 103.40-30 with stops touted below 103.20.
Offers are tipped at 103.70/80 with stop reported above 103.95.


Data to be released on Wednesday :
Australia imports, exports, trade balance, Japan coincident index, leading economic index.
Germany import prices, France producer prices, Italy business confidence, consumer confidence.
U.S. building permits, personal income, personal spending, core PCE price index, PCE price index, durable goods, durables ex-transport, durables ex-defense, initial jobless claims, continued jobless claims, monthly home price, University of Michigan sentiment, new home sales.

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

Intra-Day Market Moving News and View
Update Time: 24 Dec 2020 05:30GMT

USD/JPY - 103.56.. Dlr trades narrowly in Asia as market was focus continues to be on sterling after yesterday's cable's rally on news of a breakthrough in latest Brexit talks, such move led to broad-based usd's weakness in NY session, however, the pair was able to inch higher to 103.65 in New York afternoon due to active cross-selling in yen.

Yesterday's bounce from 103.37 to 103.65 suggests further choppy swings above last Thursday's 9-month trough at 102.288 would continue with upside bias but above 103.88/91 needed to bring stronger retracement of recent decline to 104.10/14. Bids are noted at 103.40-30 with stops touted below 103.20. Offers are tipped at 103.70/80 with stop above 103.95.

No U.S. eco. data is due out today as many traders have begun their X'mas holiday today, however, Tokyo financial market is still open on X'mas day.

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

Intra-Day Market Moving News and View
Update Time: 28 Dec 2020 05:30GMT

USD/JPY - 103.55.. The greenback moved narrowly in subdued Asian morning as financial markets in NZ n AU are closed n many traders are on holiday leave this week.

Although price showed muted reaction to early news Trump has finally signed the pandemic aid n spending bill, usd's broad-based retreat vs other majors, consolidation with downside bias is seen. Order book is very thin on Mon, some offers are tipped at 103.65/75 with stops abv 103.95 n some bids are noted at 103.40-30 with stops below 103.15.

U.S. markets are open later today n eco. calendar is pretty thin with Dallas Fed mfg business index the only dat due out at 15:30GMT.

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

Intra-Day Market Moving News and View
Update Time: 29 Dec 2020 05:30GMT

EUR/USD - 1.2235.. Euro regains traction in thin year-end trading in Asia after yesterday's intra-day brief but strong retreat from 1.2250 to 1.2192 in Europe, however, price rebounded to 1.2239 due to renewed risk sentiment on broad-based rise in global stocks b4 retreating to 1.2203 in late New York session.

As yesterday's retreat from 1.2250 suggests further volatile swings below Dec's 2-1/2 year peak at 1.2273 are likely to continue as the choppy price action from there is developing into a bullish triangle pattern, as long as 1.2131 (last Monday's reaction low) holds, Medium Term uptrend would head to projected target at 1.2305.
Order board is fairly thin with offers tipped at 1.2240/50 and more above with stops above 1.2275 while some bids are noted at 1.2200/90 with stops below there.

No eco. data is due out from the euro area countries today, so traders may take cue from movement in European stocks (DAX n CAC 40) n U.S. stock futures in European morning.

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

Intra-Day Market Moving News and View
Update Time: 30 Dec 2020 05:30GMT

EUR/USD - 1.2287.. Euro catches a bid in thin year-end Asian trading on Wed. Despite y'day's retreat fm a fresh 2-1/2 year peak of 1.2275 to 1.2237 in NY, a bout of buying emerged shortly after Asian open n price easily penetrated 1.2275 after hitting stops abv there n hit a 33-month high of 1.2294 b4 stabilising.

Expect minor range trading ahead of European open b4 MT uptrend fm 2020 near 3-year bottom at 1.0637 (Mar) heads to projected targets at 1.2305, then 1.2337. Therefore, trading the single currency fm long side is the way to go. Order board is very thin with some bids noted at 1.2275/65 with stops reported below 1.2235. Some offer are tipped at 1.2290/00 (profit taking) n stops touted abv 1.2300. Pls note many European centres will be closed for bank holiday tom n these include Germany Switzerland and Italy.

No eco. data is due out from the euro area countries today so order flows will have an important influence on intra-day price movements.

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

Intra-Day Market Moving News and View
Update Time: 31 Dec 2020 05:30GMT

EUR/USD - 1.2308.. Euro regains traction in thin year-end Asian morning n re-tested Wed's 33-month high of 1.2309 due to continued usd's broad-based weakness, suggesting the Medium Term uptrend from 2020 bottom at 1.0637 (march) would head to daily target at 1.2342 after consolidation, however, loss of near term upward momentum should prevent strong gain and reckon projected res at 1.2367 and risk has increased for a much-needed correction due to thin trading condition.

For now, trading the euro from long side is the way to go.
Order board is pretty thin and today is bank holiday Germany.

Economic calendar for the euro area countries is empty, happy new year !

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AceTraderFx Jan 04: Intra-Day News and Views & data to be released today –USD/JPY

Intra-Day Market Moving News and View
Update Time: 04 Jan 2021 05:30GMT

USD/JPY - 103.00... Although the greenback gained to 103.31 at Asian open on the first trading day of 2021, renewed selling there knocked the pair lower and price retreated to 102.97 in Asian morning on usd's weakness together with cross-buying of jpy and continues to remain under pressure.

Dollar's intra-day re-test of last Wednesday's low at 102.97 suggests price would head to December's 9-month bottom at 102.88 after consolidation, break there is needed to extend MT decline to 102.50/60.
Offers are now seen at 103.20/30 and more above at 103.40/50 with stops building up above there whilst initial bids are noted at 102.40/50.

U.S. will release its final reading of December's manufacturing PMI at 14:45GMT. Elsewhere, Atlanta Fed President Raphael Bostic is scheduled to speak on the economic impacts of Covid-19 before the ASSA virtual annual meeting at 15:00GMT whereas Chicago Fed President Charles Evans will talk about economic prospects and policies after Covid-19 at the same event.

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