AceTraderFx: Intra-Day Market Moving News and Views

AceTRaderForex

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Mar 19, 2013
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AceTraderFx Nov 17: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views

Update Time: 17 Nov 2021 05:30GMT

EUR/USD - 1.1323.. The single currency languishes near Tue's fresh 16-month bottom at 1.1309 in subdued Asian morning as y'day's resumption of recent downtrend after robust US retails sales n rally in US yields had almost wiped out nearly all die-hard euro bulls (although price staged a short-covering bounce fm 1.1331 to 1.1355 after the data before falling), so 'sell euro on rally' strategy may not work, however, as market is pretty short on the euro, further steep fall without bearish fundamentals is unlikely to be seen.

As the trend is your friend, selling euro again on recovery in anticipation of resumption of downtrend to 1.1291 (being 61.8% r of 2020 low at 1.0637 to 2021 high at 1.2349) is favoured, however, reckon minor daily chart sup at 1.1256 should remain intact.
Offers are tipped at 1.1335/45 n more abv with some stops touted abv 1.1355 n bids are noted at 1.1310-1.1300 (profit taking) with stops below there.

The euro area countries will release a slew of data, pls refer to our EI page for details. ECB's Schnabel will speak at a financial conference at 14:00GMT n then ECB President Lagarde will appear at an event at 18:30GMT.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Nov 18: Intra-Day News and Views & data to be released today – USD/JPY

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

USD/JPY - 114.06.. The pair remains on the back foot in Asian trading after decline from Wednesday's fresh 3-year peak of 114.97 (AUS) to 113.94 in New York due to selloff in US yields (benchmark 10-year fell from 1.6190% to 1.5840%, circa 1.5854%).

As dlr's said fall from 114.97 suggests recent uptrend has made a minor top, consolidation is in store today with downside bias, near term oversold condition would limit weakness to 113.76/77 n bring rebound. Offers are tipped at 114.20/25 n bids are noted at 113.90-80 with stops below 113.70.

On the data front, U.S. will release jobless claims, continued jobless claims, Philly Fed mfg index, leading index change n KC Fed mfg.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Nov 19: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 19 Nov 2021 05:30GMT

USD/JPY - 114.34.. Dlr moves narrowly in relatively subdued Asian morning after staging a rebound from 113.89 to 114.48 (New York) on Thursday, suggesting 1st leg of correction from Wed's fresh 3-year peak at 114.97 has ended.

As this week's decline in U.S. yields signals recent uptrend has made a temporary top, further volatile consolidation below 114.97 is envisaged b4 prospect of resumption of uptrend next week.
Offers are tipped at 114.40/45 with stops above 114.50 while bids are noted at 114.00-90 with stops below 113.75.

T.G.I.F., U.S. eco. calendar is empty today, however, we have two Fed's Board of Governors (voters) Waller n Clarida speaking are 15:45GMT n 17:15GMT respectively.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Nov 22: Intra-Day News and Views & data to be released today –USD/JPY

Intra-Day Market Moving News and Views

Update Time: 22 Nov 2021 05:30GMT

USD/JPY - 114.14.. Dlr pares Fri's losses n inches higher in Asian morning in tandem with with recovery in US yields, suggesting 1st leg of correction fm Wed's fresh 3-year peak at 114.97 has ended at Fri's 8-day trough of 113.59.

As long as 114.48/53 holds, further choppy sideways swings are in store n below 113.89 may head back to 113.59 but 113.26/31 should remain intact. Offers are tipped at 114.20/30 with some stop abv 114.55 while bids are noted at 113.90/80 n more below with stops below 113.60.

On the data front, we have U.S. Chicago Fed National Activity index n then existing homes sales.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Nov 23: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views

Update Time: 23 Nov 2021 05:30GMT

EUR/USD - 1.1237.. Euro gains no respite in Asian trading n briefly penetrated Monday's fresh 16-month low at 1.1231 to 1.1227, however, price has edged higher on lack of follow-through selling.

Monday's resumption of Medium Term downtrend suggests price is en route to projected target at 1.1186, however, oversold condition is likely to keep price above minor sup at 1.1169.
Offers are tipped at 1.1245/55 n more above there with stops above 1.1265 while bids are noted at 1.1220/10 with some stops touted below 1.1200.

Today is PMI day in the euro area countries, please refer to our EI page for details and pay attention to German n EU's Markit mfg n services PMIs at 08:30GMT n 09:00GMT respectively, if actuals readings come in weaker than street forecast, euro will meet another round of bashing.
We also have ECB officials Hakkarainen and de Guindos schedlued to speak.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Nov 24: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views

Update Time: 24 Nov 2021 05:30GMT

EUR/USD - 1.1238.. Despite moving broadly sideways in relatively subdued NY session after staging a rebound from Tue's fresh 16-month trough of 1.1227 (Asia) to 1.1274 in European morning on a bout of short covering, the single currency inched lower in Asian morning today, suggesting downside bias remains for resumption of recent downtrend after consolidation.

Having said that, as recent decline is losing momentum, steep drop below 1.1200 is not envisaged today n risk has increased for a long-overdue minor correction to take place later today or tom.
Offers are tipped at 1.1260/70 with stops abv 1.1275 while bids are noted at 1.1230-1.1225 with stops below there.

On the data front, we have France's business climate n then key German Ifo data (09:00GMT), a weaker-than-expected number will trigger another round of euro bashing but as market is pretty short on the euros, beware of a brief drop and then another short-covering rebound.
We also have some ECB officials scheduled to speak, please refer to our EI page for details.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Nov 25: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views

Update Time: 25 Nov 2021 05:30GMT

EUR/USD - 1.1210.. Euro is turning losses in relatively subdued Asian morning after yesterday's selloff from 1.1255 in Europe to a fresh 16-month bottom at 1.1187 in New York morning on broad-based usd's strength before staging a minor recovery in New York afternoon.

Intra-day gain to 1.1212 in Asian morning suggests euro would consolidate above 1.1187 ahead of European open, reckon 1.1227 (Tuesday low, now res) would cap upside and yield another fall later today, however, loss of downward momentum is expected to prevent steep fall n 1.1135/40 should remain intact.
Offers are tipped at 1.1220/25 with stops above 1.1235 while some bids are noted at 1.1195-85 with stops below 1.1180.

Although trading will die down later today in N. American morning due to Thanksgiving holiday in the U.S., euro area countries will release a slew of eco. data which will move the euro, pls refer to our EI page for details n pay attention to German Q3 GDP n Gfk consumer confidence at European open n later, minutes of last ECB policy meeting.
We also have a number of ECB officials scheduled to speak including ECB President Lagarde.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Nov 26: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 26 Nov 2021 04:30GMT

USD/JPY - 104.85.. Despite moving narrowly in holiday-thin North American session Thursday due to U.S. Thanksgiving holiday, the pair tumbled ahead of Tokyo open on active safe-haven yen, usd & chf buying in reaction to market concerns on overnight Covid variant news (see previous update).

Dlr's intra-day fall to 114.69 suggests recent uptrend has made a temporary top at Thursday's fresh 3-year peak at 115.51 and as long as 115.25 (Thur low, now res) holds, downside bias remains for a stronger retracement to 104.45/50, break may risk weakness towards 114.00.
Offers are tipped at 115.00/10 n more above with stops above 115.25 while some bids are noted at 114.70/60 with stops below 104.45.

T.G.I.F., no U.S. eco. data is due out n many U.S. traders are taking long-weekend leave, so trading may quieten down after Euroepan close but beware of volatility in a thin market condition if Covid concerns escalate
 

AceTRaderForex

Master Trader
Mar 19, 2013
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AceTraderFx Nov 29: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 29 Nov 2021 05:30GMT

USD/JPY - 113.60.. Dlr pares Friday's selloff in Asia on Monday due to bargain hunting by Japanese names after Friday's selloff from 1115.37 (AUS) to a 2-week trough of 113.06 in New York morning on active safe-haven yen buying on the back of falling U.S. yields triggered by market worries over new Covid variant.

As 113.87 has capped recovery, consolidation with downside bias remains and below 113.06 would extend decline from Wednesday's fresh 3-year peak at 115.51 towards next daily obj. at 112.73 (Nov low).
Offers are tipped at 113.80/90 with stops above 114.00 while bids are noted at 113.35-25 and more below with stops below 113.00.

U.S. will release a slew of eco. data n we have also have a number of Fed officials scheduled to speak in NY session, please refer to our EI page for details. Fed chair J. Powell will give a pre-recorded speech at an event at 20:05GMT.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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74
Hong Kong
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AceTraderFx Nov 30: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views

Update Time: 30 Nov 2021 05:30GMT

EUR/USD - 1.1301.. Euro regains traction in Asian morning n reclaims 1.1300 handle after falling on Monday from 1.1315 (New Zealand) to 1.1259 in New York morning before moving narrowly. Price met renewed buying at 1.1285 and climbed steadily to 1.1302 ahead of Tokyo lunch break.

Intra-day firmness suggests pullback from Friday's 13.1330 high has ended at 1.1259 n corrective rise from Wednesday's fresh 16-month trough at 1.1187 would head to 1.1350/55, however, loss of upward momentum should cap price below res at 1.1374.
Bids are noted at 1.1290-85 n more below with stops reported below 1.1255 while offers are tipped at 1.1315/25 with stops touted above 1.1330.

On the data front, we have data dump from the euro area countries, please refer to our EI page for datails. ECB board member de Cos will speak at 14:00GMT.
 

AceTRaderForex

Master Trader
Mar 19, 2013
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74
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AceTraderFx Dec 01: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and Views
Update Time: 01 Dec 2021 05:30GMT

EUR/USD - 1.1320.. Euro is trading in the middle of Tuesday's wild range in relatively subdued Asian morning on Wednesday after a roller-coaster Tuesday's session. Although price extended recent upmove to an 11-day high of 1.1382 on broad-based usd's weakness, price tanked briefly but sharply to as low as 1.1236 following Fed Powell's hawkish comments.

Although euro's rally back to 1.1342 in Australia suggests choppy sideways swings are in store, we're taking the view said fall from 1.1382 signals correction from November's fresh 16-month bottom at 1.1187 has ended, therefore, consolidation with downside bias is envisaged but below 1.1259/61 needed for re-test of 1.1236.
Order board is fairly light on the first trading day in December with some offers tipped at 1.1340/50 with stops above 1.1385 while some bids are noted at 1.1300-1.1290 with some stops touted below 1.1255.

Today is PMI day in the euro area countries, please refer to our EI page for details.
Pay attention to German retail sales, then German and EU's Markit mfg PMIs.