AceTraderFx: Intra-Day Market Moving News and Views

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 16 Sept 2021 05:30GMT

EUR/USD - 1.1818.. The single currency continues to move narrowly in subdued Asian morning after trading sideways in lack lustre Wednesday's session.

As retreat from 1.1845 to 1.1800 on Tue suggests early corrective bounce from Monday's 2-week trough at 1.1771 has possibly ended, a daily close below 1.1800 would add credence to this view and head to 1.1757, loss of downward momentum would keep price above 1.1735.
Only above 1.1845/51 res area dampens bearish outlook n shifts risk to upside for gain to 1.1884/86, break would yield re-test of September's 1.1908 peak later.
Offers are tipped at 1.1830/40 with stops above 1.1850 while bids are noted at 1.1805-00 with stops below there, more stops are touted below 1.1770.

Ahead of U.S. retail sales, we have Italy's n EU's trade data. ECB board member de Cos will speak at 07:00GMT, then ECB President Lagarde will speak at two separate venues in Frankfurt at 12:00GMT n later 16:30GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 17 Sept 2021 05:30GMT

USD/JPY - 109.88.. Dlr remains on the front foot in Tokyo trading following Thursday's impressive rally from 109.37 at New York open to 109.82 on jump in U.S. retail sales, price met renewed buying at 109.68 at Tokyo open n climbed to 109.91.

Thursday's rally suggests recent erratic fall from September's 110.44 peak has ended earlier at Wednesday's 4-week trough of 109.12 n consolidation with upside bias remains for further headway to 110.15, however, reckon 110.44 may hold on 1st testing today.
Bids have been raised to 109.70-60 with stops below 109.45 while offers are tipped at 110.00/10 with stops above 110.15.

T.G.I.F. after a volatile week, traders will take cue from movement in U.S. yields n later today, we have University of Michigan consumer confidence, a stronger-than-expected sentiment will push US yields n usd higher.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 20 Sept 2021 05:30GMT

USD/JPY - 109.88.. Despite ticking higher to 110.03 shortly after Asian open (Tokyo market is closed for Respect for the Aged Day holiday), the pair inched lower due to intra-day safe-haven yen buying on weakness in Asian stocks (Dow futures currently down nearly 1% at 34266), suggesting range trading below Fri's 110.07 high would continue ahead of European open.

As the rally from last Wednesday's 4-week trough at 109.12 signals dlr's pullback from September's 110.44 peak has ended, up side bias remains for gain to 110.15, then re-test of said res later today due to broad-based usd's strength.
Order board is fairly thin with bids noted at 109.85-80 with stops below there while offers are tipped at 110.05/10 with stops above 110.20.

U.S. eco. calendar is very thin with 2nd-tier NAHB housing market index being the only data due out later today. Market is eagerly awaiting outcome of Wed's FOMC announcement and economic projections (dot plot.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 21 Sept 2021 05:30GMT

EUR/USD -1.1731.. Although euro caught a light bis in Asian morning at 1.1724 n briefly climbed above New York high of 1.1736 due to intra-day buying in eur/jpy cross to 1.1739, price quickly eased on lack of follow-through buying, suggesting range trading is in store ahead of European open.

As Monday's weakness to a near 4-week trough of 1.1701 (Europe) suggests recent correction from August's 9-1/2 month bottom at 1.1664 has ended, consolidation with downside bias remains for decline to 1.1688/93 but reckon 1.1664 may hold on 1st testing.
Offers are tipped at 1.1735/40 with stops touted above 1.1755 while bids are noted at 1.1725/20 with stops below 1.1700.

No eco. data is due out from the eruo area countries. Wed have ECB Board member de Guindos delivering a speech at a Financial Times conference about Europe's financial sector at 07:05GMT, then later at 16:15GMT, ECB's Enria will speak on back supervision.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 23 Sept 2021 05:30GMT

EUR/USD - 1.1698.. Euro is licking wounds after intra-day wild swings in hectic post-FOMC trading ended with price tumbling from 1.1755 to a 4-week trough of 1.1685, then 1.1684 shortly after Asian open Thursday.

Euro's resumption of recent decline from September's 1.1908 peak to 1.1685 after hawkish comments by Fed's J. Powell suggests re-test of August's 9-1/2 month bottom at 1.1664 is on the cards, break there would pave the way from further weakness towards next daily objective at 1.1603 tomorrow or early next week. Therefore, selling euro on recovery is the way to go.

The euro area area will release a slew of eco. data n today is PMI day, please refer to our EI page for details n pay attention to German n EU's markit mfg n services PMIs at 07:03GMT n 08:00GMT respectively, a lower-than-expected reading would trigger more euro bashing.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views
Update Time: 24 Sept 2021 05:30GMT

USD/JPY - 110.34.. The pair stands tall in lively Tokyo trading as Thursday's impressive rally in US yields (benchmark 10-year jumped to a 2-month high of 1.437%, circa 1.4267%) led to broad-based yen selling, dlr climbed from 109.77 (Europe) to a 2-week high of 110.34, then to 110.41 shortly after Tokyo open n is within striking distance from its September's top at 110.44, a break there would encourage for further headway towards next chart obj. at 110.79 (August peak) later.

In view of above analysis, buying dlr (or selling the yen) is the way to go.
Bids have been raised to 110.30-20 area with stops below 110.00 while some offers (profit taking) are tipped at 110.40/45 with stop above 110.50.

TGIF after a tumultuous week, however, in addition to release of a slew of U.S. eco. data, we have a number of Fed officials scheduled to speak in New York session, please refer to our EI page for details.
Pay attention to Fed chief J. Powell where he'll give opening remarks before virtual "Fed Listens: Perspective on the Pandemic Recovery" event at 14:00GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views
Update Time: 27 Sept 2021 05:30GMT

USD/JPY - 110.64.. Despite rising one tick above Friday's 110.79 high to an 11-week peak of 110.80 at Tokyo open, price falls on broad-based cross-buying in yen esp vs eur and gbp, suggesting range trading is in store ahead of European open.

Intra-day brief break of Aug's 110.79 high together with expected rising US yields should push price to 111.11, then towards 111.65 later after consolidation, trading dlr from long side is recommended.
Bids are noted at 110.60-50 with some stops below 110.30 while offers are tipped at 110.75/80 with stops above there.

BoJ Gov. Kuroda will hold online meeting with Osaka business executives at 05:30GMT. Later, U.S. will release durable goods orders at 12:30GMT, then Dallas Fed mfg business index at 14:30GMT. We also have Chicago Fed President Evansn New York fed President Williams and Fed's Brainard speaking in New York session.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 28 Sept 2021 05:30GMT

EUR/USD - 1.1694.. Euro's trades narrowly in subdued Asian morning, despite Monday's weakness to 1.1685, failure to penetrate last Thursday's 4-week 1.1684 triggered minor short-covering bounce to 1.1710 ahead of New York open.

Although price edged lower to 1.1686 in Asia, price has inched higher, suggesting range trading may continue in early European trading.
Offers are tipped at 1.1705/10 with tops above 1.1730 while bids are noted at 1.1685/84 with stops below 1.1680 and mores tops are touted below 2021 bottom at 1.1664 (August).

On the eco. data front, we have German Gfk consumer sentiment and then France's consumer confidence. ECB President Lagarde will speak at the ECB Forum on Central Banking at 12:00GMT, we also have other ECB members schedued to speak in European session (please refer to our EI page for details).
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 29 Sept 2021 05:30GMT

EUR/USD - 1.1688.. Trading the euro on Tuesday was tricky as despite usd's broad-based strength,s price was supported by active cross-buying in eur especially vs yen n gbp.
Euro fell from 1.1703 (Europe) to 1.1672 in New York n briefly bounced to 1.1702 after weak U.S. consumer confidence n later hit a 5-week low of 1.1668.

Intra-day recovery in Asia suggests price is in no hurry to challenge 2021 trough at 1.1664 (Aug) n further sideways swings may continue in European morning before prospect of resumption of Medium Term downtrend to projected target at 1.1635/40, loss of momentum should keep euro above 1.1603 today.
Offers are tipped at 1.1695/05 with stops reported above 1.1710 while bids are noted at 1.1670-65 with stops touted below 1.1660.

The euro area countries will release a slew of eco. data, pls refer to our EI page for details n pay attention to EU's bus. climate, eco. sentiment n services sentiment as well as consumer confidence, of these readings are weaker than street forecasts, then this may the the catalyst for euro to firmly penetrate said 1.1664 sup.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views

Update Time: 30 Sept 2021 05:30GMT

USD/JPY - 111.85.. Dlr pares Wed's impressive gain to a 19-month peak of 112.04 in Asia n retreated to 111.81 on month-end yen buying by Japanese exporters, suggesting consolidation would continue until European open.

As yesterday's rally above previous 2021 high of 111.65 (now sup) to 112.04 confirms recent uptrend has once again resumed, price is en route to next chart obj. at 112.22, however, loss of momentum would cap price below projected res at 112.66.
Bids are noted at 111.80-70 with stops below 111.60 while offers are tipped at 112.00/05 with stops above 112.25.

U.S. will later release a slew of eco. data, pay attention to PCE (Fed's favourite inflation guage) n jobless claims. Also we have a number of Fed officials (a total of 6) scheduled to speak in New York session, please refer to our EI page for details.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views
Update Time: 04 Oct 2021 05:30GMT

USD/JPY - 110.99.. Dlr remains on the back foot in tantrum with with U.S. yields in early Asian trading on Monday due to safe-haven yen buying. Price fell initially below Friday's 110.91 low (New York) to 110.88 in New Zealand on cross-buying in yen, however, intra-day broad-based usd's rebound due to risk-off trade following media report China's embattled Evergrande has suspended its shares trading in H.K. lifted price to 111.05, suggesting range trading is in store.

Although decline from Thursday's 19-month peak at 112.07 signals Medium Term uptrend has made a temp. top, as long as 110.79 (prev. res, now sup) holds, consolidation with mild upside bias remains.
Bids are noted at 110.90-80 with stops touted below 110.75 while offers are tipped at 111.20/25 with stops reported above 111.30.

On the data front, U.S. will later release durable goods n factory orders.
We also have 3 Fed officials scheduled to speak in New York morning (please refer to our EI page for details).
 

AceTRaderForex

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AceTraderFx Oct 05: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views
Update Time: 05 Oct 2021 05:30GMT

EUR/USD - 1.1606.. Euro remains on the back foot in hectic Asian trading and fell from 1.1622 (AUS) to 1.1603 as renewed weakness in Asian equities triggered broad-based safe-haven usd buying, suggesting consoldiation with downside bias is in store n price may come under further selling if Euroepan stocks are under pressure.

As intra-day weakness suggests corrective rise from Thursday's 14-month bottom at 1.1563 has possibly ended yesterday at 1.1640, trading euro from short side is favoured.
Offers are tipped at 1.1615/25 with stops above 1.1640 while some bids are noted at 1.1600-1.1590 with stops reported below 1.1560.

Today is PMI today in the euro zone, please refer to our E page for details n pay attention to German and EU's Markit services PMIs. There is a EU FinMin meeting today as well as a number of ECB officuals scheduled to speak in European session.
Pay attention to ECB President Lagarde when she speaks at a conference at 15:00GMT.
 

AceTRaderForex

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AceTraderFx Oct 06: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views
Update Time: 06 Oct 2021 05:30GMT

EUR/USD - 1.1594.. Euro is in holding pattern after staging an intra-day recovery from Tuesday's 1.1581 low to 1.1613 in choppy New York trading.
However, as the decline from 1.1640 (Monday high) to 1.1581 suggests early correction from last Thursday's fresh 14-month bottom at 1.1563 has ended, downside bias remains for re-test of 1.1563 after consolidation, then later towards projected downside target at 1.1536.

Expect range trading to continue until European open with offers tipped at 1.1610/15 n more above with stops above 1.1640.
Bids are noted at 1.1585/80 with stops reported below 1.1560.

The euro area countries will release a slew of eco. data in European morning, please refer to our EI page for details. ECB Board member Centeno will speak at a financial forum in Lisbon.
 

AceTRaderForex

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AceTraderFx Oct 07: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views
Update Time: 07 Oct 2021 05:30GMT

EUR/USD - 1.1555.. The single currency gains respite in relatively subdued Asian morning after yesterday's selloff which started in Australia from 1.1603 to a fresh 14-month trough of 1.1530 near European midday due to active safe-haven usd buying on weakness in Asian and European stocks as well as falling U.S. yields, however, price ratcheted higher in New York to 1.1559 on short covering in tandem with U.S. stocks n then gained marginally to 1.1561 in Asia.

As Wednesday's break of previous 2021 low at 1.1563 (September, now res) confirms Medium Term downtrend from January's peak at 1.2349 has once again resumed, price is en route to psychological 1.1500 handle, then 1.1473 after consolidation but reckon 1.1450 would hold ahead of release of Friday's U.S. jobs report.
Offers are tipped at 1.1560/65 with some stops touted above 1.1580 while some bids are seen at 1.1535-30 with stops below there. There is also market chatter of option defence at 1.1500, so euro may not break this level before New York option expiry at 14:00GMT (New York cut).

The euro area countries will release a slew of eco. data and we also have a number of ECB members scheduled to speak in European session, please refer to our EI page for details. Also pay attention to release of ECB minutes at 11:30GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views
Update Time: 08 Oct 2021 05:30GMT

USD/JPY - 111.77.. Dlr remains on the front foot in early Tokyo trading on Friday following yesterday's rebound from 111.24 (Europe) to 111.65 in New York as improved risk sentiment due to expectation of U.S. Senate would approve a temp. lift to U.S. debt ceiling pushed up U.S. yields (benchmark 10-year hit fresh 3-1/2 month high of 1.580%, circa 1.588%) n U.S. stocks.

As intra-day brief weak of Wednesday's 111.78 high on renewed cross-selling in yen suggests pullback from September's 19-month peak at 112.07 has ended, re-test of this level is envisaged, break there would encourage for gain to 112.22 (Nov 2020 high), then towards 112.66 next week.
Bids have been raised to 111.70-60 and more below with some stops below 111.50 while offers are tipped at 112.00/10 with stops above there.

T.G.I.F., market is keenly awaiting release of key U.S. September jobs report after last month's surprise weak reading. Street forecast for non-farm payroll is for an increase of 500k vs prev. number of 235K.
If actual comes in as per market forecast or a slight upside beat, then the greenback would move higher broadly while the flip side would occur if NFP is weaker than expectation, good luck.
 

AceTRaderForex

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AceTraderFx Oct 11: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views

Update Time: 11 Oct 2021 05:30GMT

USD/JPY - 112.43.. Dollar or rather, the Japanese yen met renewed broad-based selling vs eur, GBP and aud at Tokyo open following Friday's gain to a 2-1/2 year high of 112.25 near New York close, price climbed to 112.45, suggesting Long Term uptrend from 2020 bottom at 101.19 would head to project target at 112.66, however, o/bot condition would cap price at 113.00/10.

Therefore, in view of above bullish analysis, buying the greenback on dips is the way to go.
Bids are noted at 112.20/15 n more below with stops below 112.00.
Offers are tipped at 112.55/65 with some stops touted above 112.75.

Most markets in U.S. are closed for Columbus Day holiday (Canada is also closed for Thanksgiving Day), so no U.S. eco. data is due out.
 

AceTRaderForex

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AceTraderFx Oct 12: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views
Update Time: 12 Oct 2021 05:30GMT

EUR/USD - 1.1557.. The single currency inches higher in Asian trading on short covering after decline from Monday's 1.1587 high (Europe) to 1.1548 shortly after Asian open, suggesting range trading may be seen until European open.

As said fall from 1.1587 suggests correction from last Wed's fresh 14-month trough at 1.1530 has ended, re-test of said 2021 bottom is envisaged, however, as recent downtrend is losing downward momentum, steep fall below psychological 1.1500 handle is unlikely.
Offers are tipped at 1.1570/80 with stop above 1.1590 while bids are noted at 1.1545-35 with stops below 1.1330.

The euro area countries will release a slew of eco. data, please refer to our EI page for details. Pay attention to release of German ZEW economic sentiment n ZEW survey expectations at 09:00GMT. We also have a number of ECB officials scheduled to speak, ECB President Lagarde will give a pre-recorded message at a financial event at 13:00GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views
Update Time: 15 Oct 2021 05:30GMT

EUR/USD - 1.1607.. Euro also rose in tandem with usd/yen in Asian morning due to broad-based euro buying especially vs yen after pullback from Thursday's 9-day high of 1.1624 (Europe) to 1.1585 in New York morning.

Although euro's retreat from 1.1624 suggests corrective rise from Tuesday's fresh 14-month bottom at 1.1525 has possibly made a top, a firm break below 1.1585 would add credence to this view n head back to 1.1550, then re-test of 1.1525 early next week.
Offers are tipped at 1.1610/20 with stops above 1.1625 while some bids are noted at 1.1590/85 with stops touted below 1.1580.

The euro area countries will release a slew of eco. data, please refer to our EI page for details.
We also have ECB board member Centeno speaking at a business event at 13:00GMT.
 

AceTRaderForex

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

Intra-Day Market Moving News and Views
Update Time: 18 Oct 2021 05:30GMT

USD/JPY - 114.13.. Dollar is in holding pattern after pullback from Friday's 3-year peak at 114.46 to 114.00 in New York morning due to a bout of broad-based yen buying, however, price quickly rebounded n later edged higher to 114.36 in Australia today but then retreated to 114.02 in Tokyo morning as intra-day weakness in Asian stocks dampened risk sentiment.

Expect range trading to continue n as long as 113.80 (previous res, now sup) holds, recent upmove would head towards 114.74, however, loss of upward momentum should cap price below psychological 115.00 handle.
Bid are noted at 114.05-00 with stops below 114.00 n more stops are touted below 113.80.
Offers are tipped at 114.35/45 with stops reported above 114.55.

U.S. will later release industrial production, capacity utilization and NAHB Housing Market index.
We also have Minneapolis Fed President Kashkari (non-voter) scheduled to speak at a banking forum at 18:15GMT.
 

AceTRaderForex

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AceTraderFx Oct 19: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views

Update Time: 19 Oct2021 05:30GMT

EUR/USD - 1.1641.. Euro caught a bid ahead of Asian open, price rose from 1.1609 (AUS) and then penetrated last week's 1.1624 high (Thur) due to broad-based usd's weakness hit a 4-week peak of 1.1642 ahead of Tokyo lunch session.

Although intra-day break of 1.1624 confirms euro's corrective rise from Oct's fresh 14-month trough at 1.1525 has once again resumed, loss of momentum is likely to prevent strong gain n reckon 1.1664 (Aug low, now res) would cap upside and yield decline later today.
Bids are noted at 1.1625-15 with stops below 1.1600 while offers are tipped at 1.1640/50 area with stops above 1.1670.

On the data front, EU construction output is the only eco. data due out.
We have a number of ECB officials scheduled to speak in European session, please refer to our EI page for details.
Pay attention to ECB's chief economist Lane when he participates at a financial conference at 14:00GMT.