AceTraderFx: Intra-Day Market Moving News and Views

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 24 Jun 2020 04:30GMT

USD/JPY - 106.50.. Dlr pares yesterday's loss in choppy Asian trading n falling on Tuesday from 107.21 (Europe) to a 6-week trough of 106.08 in New York, traders cited the sharp one-way drop possibly linked to Japan's Softbank currency hedging of its sales of $ 21 bln in value of its holdings in U.S. T-mobile.

As Tuesday's break of previous June's 106.58 low to 106.08 signals decline from June's 109.84 peak has resumed, price is en route to 105.99 (May low), then 105.15 next week. Therefore, trading the pair from short side is the way to go.
Offers are tipped at 106.60/70 with some stops touted above 106.75 while bids are noted at 106.30-20 with stops below 105.95.

U.S. will release some second-tier eco. data in New York morning, however, we have Chicago Fed President Evans n St. Louis Fed President scheduled to speak later today at 16:30GMT and 19:00GMT respectively.
 

AceTRaderForex

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AceTraderFx Jun 26: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views

Update Time: 26 Jun 2020 04:30GMT

USD/JPY - 107.20.. Dlr pares yesterday's gain and retreated on profit taking to 107.09 in early Asian trading Friday after hitting a 1-week high of 107.45 at New York open.

Although the pullback from 107.45 suggests upmove from Tuesday's 6-week trough at 106.08 has made a temp. top n range trading would continue, reckon 107.00 would contain weakness n extend said rise towards next chart obj. at 107.63 but 108.08 (May's high) should cap upside.
Bids are noted at 107.10/00 with stops below 106.75 while offers are tipped at 107.35/45 with stops above 107.65.

T.G.I.F. after a pretty tumultuous week, however, U.S. will release a slew of eco. data starting with core PCE, PCE price index, personal income at 12:00GMT n then University of Michigan consumer confidence at 14:00GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 29 Jun 2020 04:30GMT

GBP/USD - 1.2366... Despite the British pound's selloff from 1.2436 to a near 1-month trough at 1.2314 on Friday, price rebounded to 1.2354 in New York afternoon and then gained to 1.2373 in Asia after finding renewed buying at 1.2327 in New Zealand.

Cable's intra-day strong rebound suggests decline from June's near 3-month peak at 1.2812 has made a temporary low at 1.2314 (Friday) and choppy trading with mild upside bias would be seen. However, offers at 1.2380/90 and more above at 1.2400/10 would cap current rise and yield retreat later.

In the absence of any major economic data from UK today, one should pay attention to Bank of England policymaker Gertjan Vlieghe's speech on macroeconomic tail risks at 12:30GMT in London.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 30 Jun 2020 04:30GMT

GBP/USD - 1.2300... The British pound went through a volatile session yesterday as despite initial rise from 1.2327 in New Zealand to an intra-day high at 1.2389 at European open, price erased its gains and tumbled in European session to a 1-month trough at 1.2252 in New York morning on sterling's broad-based weakness on concerns over UK's spending plan together with fears of a hard Brexit as the fifth round of negotiations between EU and UK begin. Later, the pair staged a short-covering rebound to 1.2317 at Asian open today before retreating.

Cable's intra-day retreat from 1.2317 suggests the recovery from yesterday's 1-month trough at 1.2252 has ended and there and consolidation with downside bias remains for a re-test of said support, break would extend decline from June's near 3-month peak at 1.2812 to 1.2220/25.
Offers are now seen at 1.2310/20 with stops building up above there whilst initial bids are noted at 1.2200/10.

Pay attention to the release of UK GDP at 06:00GMT. Street forecasts for QQ and YY are unchanged from previous readings of -2.0% and -1.6% respectively. Market focus is also on UK PM Boris Johnson, who is set to unveil UK's new infrastructure plan later today.
 

AceTRaderForex

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AceTraderFx July 02: Intra-Day News and Views & data to be released today- USD/JPY

Intra-Day Market Moving News and Views

Update Time: 02 July 2020 04:30GMT

USD/JPY - 107.47... Although the greenback tumbled from yesterday's Asian high at 108.16 to 107.37 in New York open, price rebounded briefly to 107.60 on the back of encouraging U.S. ADP employment data. However, renewed selling there knocked price back down to 107.34 in Tokyo morning today before stabilising.

Dollar's selloff from 108.16 to 107.37 yesterday and intra-day break below this level suggests upmove from last Tuesday's 6-week trough at 106.08 has made a temporary top there and consolidation with downside bias remains for stronger retracement to 107.05, then to 106.87 (61.8% r) before prospect of rebound.
Offers are now seen at 107.50/60 and move above at 106.70/80 with stops building up above there whilst initial bids are noted at 106.70/80.

Market focus is now on U.S. jobs report, which is scheduled to release a day earlier this month as U.S. markets will be closed on Friday for Independence Day holiday. Street forecast for non-farm payrolls and average earnings are 3,000k and -0.7% vs previous readings of 2,509K and -1.0% respectively.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 03 July 2020 04:30GMT

GBP/USD - 1.2461... The British pound found renewed buying at 1.2462 in Asia yesterday and gained to 1.2526 in European morning, then higher to session highs at 1.2530 at New York open before falling to 1.2457 in New York morning on usd's broad-based strength in post-NFP trading.

Cable's selloff from 1.2530 to 1.2457 yesterday suggests upmove from Monday's 1-month bottom at 1.2252 has made a temporary top there and consolidation with downside bias would be seen for weakness to 1.2420/24. Offers are now seen at 1.2480/90 and more above at 1.2500/10 with stops building up above there whilst initial bids are noted at 1.2400/10.

Pay attention to the release of UK services PMI at 08:30GMT. Street forecast is for an unchanged reading at 47.0.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 06 July 2020 04:30GMT

USD/JPY - 107.74... The greenback found renewed buying at 107.47 in New Zealand today after Friday's sideways move in holiday-thinned North American session as U.S. markets were closed for Independence Day holiday. The pair then ratcheted higher to 107.77 in Tokyo morning on cross-selling in jpy due partly to the rise in Nikkei-225 (currently up by 316 points or 1.42%).

Dollar's intra-day break of previous resistance at 107.72 suggests pullback from last week's high at 108.16 (Wednesday) has ended at 107.34 Thursday and consolidation with upside bias remains for gain to 107.98, then towards said resistance.
Bids are now seen at 107.50/60 and more below at 107.30/40 with stops building up below there whilst initial offers are noted at 108.30/40.

Market focus is now on the release of U.S. ISM non-manufacturing PMI at 14:00GMT. Street forecast is 49.5, up from previous reading of 45.4.
 
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AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 07 July 2020 04:30GMT

GBP/USD - 1.2499... The British pound swung wildly in hectic trading yesterday as price initially gained in tandem with euro from New Zealand low at 1.2462 to 1.2509 at European open. Despite a brief pullback to 1.2475 in Europe, the pair rose to session highs at 1.2520 in New York morning before retreating sharply to 1.2482 on usd's broad-based rebound. Sterling then staged a recovery to 1.2517 in Asia today before retreating again to 1.2491.

Cable's gain to 1.2520 yesterday suggests the pullback from last Thursday's high at 1.2530 has ended at 1.2439 Friday and upside bias remains for a re-test of said resistance, break would extend upmove from last Monday's 1-month trough at 1.2252 towards 1.2565/70 later.
Bids are now seen at 1.2480/90 with stops building up below there whilst initial offers are noted at 1.2680/90.

Since there is no major economic data out of the UK today, pay attention to remarks from Bank of England Chief Economist Andy Haldane, who is scheduled to speak at 17:00GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 08 July 2020 05:30GMT

EUR/USD - 1.1280... The single currency went through a roller-coaster ride on Tuesday as despite tumbling from Asian high at 1.1332 to session lows at 1.1260 in Europe on usd's strength, the pair rebounded to 1.1307 in New York morning before retreating again to 1.1269 near New York closing, then lower to 1.1265 in Asia today.

Euro's rebound from yesterday's low at 1.1260 suggests pullback from Monday's high at 1.1345 has ended there n consolidation with upside bias remains and above previous resistance at 1.1348 would extend upmove from 1.1169 (June) towards 1.1380/85.
Bids are now seen at 1.1260/70 with stops building up below there whilst initial offers are noted at 1.1390/00.

Pay attention to comments from ECB Vice President Luis de Guindos, who is scheduled to discuss measures adopted by the central bank on EU economic recovery at 14:00GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 09 July 2020 05:30GMT

EUR/USD - 1.1345... The single currency went through hectic trading yesterday as despite initial drop to session lows at 1.1263 at European open, price then rebounded to 1.1294. Intra-day ascent accelerated in New York morning and the pair rose to a 3-week peak at 1.1351 on usd's weakness before retreating to 1.1328 in Australia today on profit-taking.

Euro's break of previous daily resistance at 1.1348 signals erratic upmove from 1.1169 to retrace decline from June's 3-month peak at 1.1422 has once again resumed and further gain to 1.1380/83 would be seen after consolidation.
Bids are now seen at 1.1310/20 and more below at 1.1280/90 with stops building up below there whilst initial offers are noted at 1.1410/20.

As there is no major economic data due from the EU today, pay attention to comments from ECB President Christine Lagarde and board member Fabio Panetta, who will participate in a Eurogroup meeting videoconference at 16:00GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 10 July 2020 05:30GMT

EUR/USD - 1.1270.. Euro gained no respite in hectic Asian trading following selloff from Thursday's fresh 3-week high of 1.1371 (EBS) to 1.1281 as usd regained traction of broad-based buying due to risk-off trade, price met renewed selling ahead of Asian open at 1.1290 n fell to 1.1271 after tripping stops below 1.1280 n stops below 1.1260 are now in focus.

Despite resumption of erratic rise from last week's low at 1.1186 Wed) to 1.1371 yesterday, euro's selloff from there suggests further volatile swings below June's 3-month peak at 1.1422 would continue with downside bias, so selling on recovery is favoured for subsequent weakness to 1.1220.
Offers are tipped at 1.1300/05 with stops above 1.1320 whilst bids are noted at 1.1265/60 n more at 1.1230/20.

The euro area countries will release a slew of eco. data, please refer to our EI page for details. There is EU FinMin meeting in Brussels n ECB Vice President de Guindos will participate via videoconference
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 13 July 2020 05:30GMT

USD/JPY - 106.83.. The pair inched lower in Asian trading after staging a rebound from Friday's 9-day low of 106.65 to 106.94 in New York on short covering due partly cross-selling in yen. Although price edged higher to 106.96 at New Zealand open, renewed broad-based dlr's weakness in early Asian trading pushed price to 106.80.

As dlr's decline from July's 108.16 peak to 106.65 Fri signals early correction from June's 106.08 bottom is over, consolidation with downside bias remains, so trading the buck from short side is recommended.
Offers are tipped at 107.90/95 n more above with stops above 107.15. Bids are noted at 106.75-65 with stops below there.

There is no U.S. eco. data due out today, however,
New York Fed President John Williams will speak at video webinar event hosted by the Bank of England and the Federal Reserve Bank of New York at 15:30 GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 14 July 2020 05:30GMT

USD/JPY - 107.19... Although the greenback edged lower to 106.79 in Asia yesterday, price rallied to 107.31 in New York morning on cross-selling in jpy before retreating to 107.15 on profit-taking. The pair then gained to 107.36 in Tokyo morning today on usd's broad-based strength before weakening again.

Usd's rally Friday's low at 106.65 to 107.36 today suggests decline from July's peak at 108.16 has ended there and consolidation with upside bias would be seen for gain to 107.78.
Bids are now seen at 107.00/10 and more below at 106.90/00 with stops building up below there whilst initial offers are noted at 107.90/00.

Pay attention to U.S. inflation data at 12:30GMT. Street forecasts for CPI mm and yy are 0.5% and 0.6% vs previous readings of -0.1% and 0.1% respectively.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 15 July 2020 05:30GMT

USD/JPY - 107.25... The greenback went through a roller-coaster ride yesterday as despite dropping to session lows at 107.13 in Asia, price rose to an intra-day high at 107.43 at New York open due partly to cross-selling in jpy. However, the pair met renewed selling there and retreated to 107.16 near New York closing on usd's broad-based weakness.

Although dollar has retreated after yesterday's break above Monday's high at 107.31 to 107.43 and minor consolidation would be seen, as said move signals decline from July's peak at 108.16 has ended at 106.65 last Friday, upside bias remains. Bids are now seen at 107.10/20 with stops building up below there whilst initial offers are noted at 107.90/00.

The Bank of Japan is scheduled to announce its interest rate decision shortly (circa 03:00GMT) and although the central bank is widely expected to keep its rate unchanged, investors should pay attention to Governor Kuroda's press conference at 06:30GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 16 July 2020 05:30GMT

USD/JPY - 106.94... The greenback swung wildly in hectic trading yesterday as despite edging up to 107.30 in Asia, price tumbled in European morning on cross-buying in jpy and fell to session lows at 106.67 in New York morning. However, failure to penetrate last week's low at 106.65 (Friday) triggered short-covering and the pair rebounded to 106.97 in New York, then marginally higher to 107.03 in Asia today before stabilising.

Dollar's rebound from 106.67 yesterday suggests choppy trading above said support at 106.65 would continue and marginal gain is likely, however, offers at 107.20/30 should limit upside and yield another retreat. Below 106.65/67 would extend decline from July's peak at 108.16 to 106.20/30.

Pay attention to the release of U.S. jobless claims at 12:30GMT and retail sales at 13:00GMT. Street forecast of jobless claims is 1,250k vs previous reading of 1,314k. Elsewhere, Chicago Fed President Charles Evans will speak on the current economic conditions and monetary policy at Annual Rocky Mountain Economic Summit at 17:30GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 17 July 2020 05:30GMT

EUR/USD - 1.1384... The single currency went through a roller-coaster ride yesterday as despite retreating to 1.1379 in European morning, price rallied to session highs at 1.1442 in post-ECB trading. However, failure to break Wednesday's 4-month peak at 1.1451 triggered profit-taking and the pair dropped to session lows at 1.1371 in New York afternoon due partly to usd's broad-based strength before trading sideways in Asia today.

Euro's retreat from yesterday's 1.1442 high signals choppy trading below aforesaid 1.1451 top would continue with downside bias and weakness to 1.1326 is seen.
Offers are now seen at 1.1390/00 and more above at 1.1410/20 with stops building up above there whilst initial offers are noted at 1.1310/20.

Although there is a slew of economic data to be released from the eurozone today, market focus is on a special EU summit beginning today, where the EU countries are expected to vote on the 750 billion euro recovery fund to revive the region's growth.
 

AceTRaderForex

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

Intra-Day Market Moving News and Vviews

Update Time: 20 July 2020 04:30GMT

EUR/USD - 1.1422... Although the single currency opened lower and dropped to 1.1405 in New Zealand due to the ongoing impasse at the EU leaders summit to finalise the details of EU's recovery fund, price gained to 1.1445 at Asian open. The pair then met renewed selling there and retreated to 1.1413 in Asian morning and continues to remain under pressure.

Euro's intra-day retreat from 1.1445 suggests further choppy trading below last Wednesday's 4-month peak at 1.1451 would continue with downside bias and below last Thursday's low at 1.1371 would yield stronger retracement to 1.1350/53. Offers are now seen at 1.1430/40 with stops building up above there whilst initial bids are noted at 1.1340/50.

Germany will release its produce prices at 06:00GMT but market focus will remain on the EU leaders summit which is set to resume at 04:15GMT after going on a break.
 

AceTRaderForex

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

Intra-Day Market Moving News and Vviews

Update Time: 21 July 2020 05:30GMT

USD/JPY - 107.17... The greenback went through a roller-coaster ride on Monday as despite rising from 107.02 in New Zealand to session highs at 107.53 in Asian morning, price pared its gains and retreated sharply to 107.04 in New York morning due to fall in U.S. Treasury yields. The pair then rebounded to 107.33 in New York afternoon before weakening to 107.13 in Asia today.

Dollar's retreat from yesterday's 11-day high at 107.53 signals upmove from July's trough at 106.65 has made a temporary top there and consolidation with downside bias remains for weakness to 106.84, then 106.65 again, break would extend decline from 108.16 (July) to 106.40/50.
Offers are now seen at 107.30/40 with stops building up above there whilst initial bids are noted at 106.30/40.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 22 July 2020 05:30GMT

EUR/USD - 1.1542... The single currency went through a roller-coaster session yesterday as despite gaining to 1.1469 on EU recovery fund optimism, price dropped to 1.1424 in Asia on profit-taking after EU leaders announced a deal has been reached. The pair found renewed buying there and jumped in New York morning to a 1-1/2 year peak at 1.1539 on usd's broad-based weakness due to improved risk sentiment, then marginally higher to 1.1541 today.

Euro's intra-day break above yesterday's 18-month peak at 1.1539 signals erratic upmove from March's bottom at 1.0637 remains in progress and further gain to 1.1570/75 would be seen after consolidation.
Bids are now seen at 1.1520/30 and more below at 1.1490/00 with stops building up below there whilst initial offers are noted at 1.1590/00.

In the absence of major economic data from the eurozone today, pay attention to comments from ECB President Christine Lagarde at 13:15GMT.
 

AceTRaderForex

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AceTraderFx July 23: Intra-Day News and Views & data to be released today- EUR/USD

Intra-Day Market Moving News and Views

Update Time: 23 July 2020 05:30GMT

EUR/USD - 1.1571... The single currency went through a roller-coaster ride yesterday as despite edging up to 1.1547 in Asia, price dropped to 1.1508 on risk aversion due to renewed U.S.-China tensions. However, renewed buying lifted the pair and euro rose to a 21-month peak at 1.1601 in New York morning on the return of risk sentiment before retreating to 1.1564 on profit-taking and then trading sideways inside a narrow range today.

Euro's rise above Tuesday's high at 1.1539 to 1.1601 yesterday signals upmove from March's trough at 1.0637 remains in progress and further gain to 1.1630/40 would be seen after consolidation.
Bids are now seen at 1.1550/60 with stops building up below there whilst initial offers are noted at 1.1640/50.

Germany will release Gfk's measure of consumer sentiment at 06:00GMT. Street forecast is -5.0 vs previous reading of -9.6. Elsewhere, ECB Vice President Luis de Guindos will take part in an online seminar at 09:00GMT.