AceTraderFx: Intra-Day Market Moving News and Views

[AceTRaderForex]

AceTraderFx Apr 28: Intra-Day Market Moving News and Views- USD/JPY

Intra-Day MarMoving News and Views
28 Apr 2017 02:40GMT

USD/JPY - .... Dlr has come under renewed selling pressure in early Asian trading as comments by U.S. Trump on Noeth Korea has stoked fear on the Korean Peninsula, prompting broad-based yen buying on risk aversion, the pair fell from 11.36 to 111.07.

As yesterday's intra-day decline from 111.60 to 111.05 in New York morning due to falling U.S. yields suggests further choppy trading below Wednesday's 3-week high at 111.77 would continue, selling dlr on recovery is still favoured.
Offers have been lowered to 11.30/40 and more above with stops above 111.80, some bids are noted at 111.05/110.95 with stops below 110.80.

Looking at the eco. calendar, you won't think today is the last day of the month by the colossal no. of data from Japan, other G7 countries as well as the U.S.
Pay attention to important U.S. Q1 GDP, PCE, core PCE, Chicago PMI and University of Michigan consumer confidence. Sty. Louis Fed President Bullard (non-voter) will speak at 17:15GMT n then Philly Fed President Harker at 18:30GMT.

 

[AceTRaderForex]

AceTraderFx May 2: Intra-Day Market Moving News and Views- EUR/USD

Intra-Day MarMoving News and Views
02 May 2017 03:00GMT

EUR/USD - 1.0911.. The single currency moves narrowly in subdued Asian trading on Tuesday as many traders are on the sideline after returning from yesterday's holiday following the mini roller-coaster moves in holiday-thinned Monday's session.

Today is PMI (mfg) day in the euro zone countries n traders may take cue from the data of whether to test euro's upside or downside later in the day.
Offers are tipped at 1.0920/30 and more above with stops reported above 1.0955, bids are noted at 1.0885-80 with some stops below there, however, more buying interest is touted at 1.0860-50 with fairly large stops below 1.0850.

Italy will kick off by releasing April mfg PMI, then France, Germany, Italy's unemployment rate, EU PMI and then unemployment. ECB board member Nouy will be speaking at 06:30GMT.

 

[AceTRaderForex]

AceTraderFx May 4: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Moving News and Views
04 May 2017 03:02GMT

EUR/USD - 1.0891.. Euro continued to swing wildly inside recent established broad range in Wed's session. Price initially rose to 1.0937 in Asia yesterday n then fell to 1.0905 in New York morning before staging a short-covering rebound. Despite initial knee-jerk price action after Fed's expected unchanged rate decision, euro tumbled from 1.0926 to 1.0883 on hawkish Fed's policy statement.

Although intra-day recovery from 1.0882 (AUS) suggests range trading is in store, market may test euro's downside bias in Europe esp. if EZ eco. data come in below street forecast.
Offers are tipped at 1.0900/05 n more above with stops above 1.0940, a mixture of offers n stops is reported at 1.0950/55.
Bids are noted at 1.0885-80 with stops below there but more bids are touted at 1.0855-50 with stops below there.

Today is PMI day for the services sector, pay attentention to Italy's Markit PMI, the same from France, then Germany and the EU. ECB members will be speaking today starting with Lautenschlager at 10:30GMT, Praet at 11:00GMT, Mersch at 11:35GMT and last but not least, ECB President at 16:30GMT, he will deliver a speech at an event in Lausanne, Switzerland.

 

[AceTRaderForex]

AceTraderFx May 5: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
05 May 2017 03:00GMT

USD/JPY - 112.60.. Dlr pares yesterday's losses in New York session after falling from a 7-week high of 113.05 to 112.33 in New York session. Although initial retreat was due to profit taking, release of weaker-than-expected U.S. factory goods orders which led to broad-based usd weakness accelerated intra-day decline.

Dlr's intra-day rebound in holiday-thinned Asian trading (Japanese financial markets for closed for a 3 consecutive days for Golden Week holiday) suggests sideways swings above 112.33 would be seen.
However, offers are tipped at 112.70/75 and more above should cap upside.
Initial bids are noted at 112.40-30 with stops below 112.25, more buying interest is reported above 112.00.

Despite forming a temp. top at 113.05, dlr may well make further gain if U.S. jobs report comes out stronger than street forecast. NFP is expected to show a an increase of 185K whilst monthly ave. earnings are expected to rise by 0.3%, if both numbers beat expectations, dlr may head towards 113.40/50 but if they disappoint, then brace for stronger downward correction in the dlr.

 

[AceTRaderForex]

AceTraderFx May 8: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
08 May 2017 03:17GMT

USD/JPY - 112.75.. Despite initial rise to a fresh 7-week high of 113.10 due to rally in eur/yen which hit a 1-year high of 124.56 at NZ open, intra-day retreat in the euro resulted in a sharp retreat in the eur/yen (the cross pair tumbled to 123.40), dragging dlr to 112.60 along the way, suggesting recent cross-inspired upmove has made a temp. top and sideways trading is in store.

Having said that, intra-day rally in the Nikkei (N225 index currently up 1.8% or 350 points at 19,795) should boost risk appetite and renewed yen selling may well emerge in European morning, so buying on dips is still favoured.
Bids are noted at 112.60-50 with stops below there, more buying interest is noted at 112.20-10 with stops below 112.00.
Offers are tipped at 112.90/00 with stops above 113.10.

U.S. eco. calendar is empty today but 2 Fed officials will speak later in the day starting with St. Louis Fed President Bullard (non-voter) at 12:35GMT and then Cleveland Fed President Mester (also non-voter) at 12:45GMT.

 

[AceTRaderForex]

AceTraderFx May 09: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Moving News and Views
09 May 2017 02:12GMT

EUR/USD - 1.0930.. Euro remains on the back foot in subdued Asian trading after falling sharply from a near 6-month high of 1.1024 (New Zealand) to as low as 1.0917 in New York morning on broad-based selling in the euro vs usd, yen and sterling after expected election win by France's Macron.

Although it is obvious the single currency has hit a temp. top n consolidation with near term downside bias remains for a wee bit more of long liquidation, further steep fall is unlikely as euro zone eco. data remain pretty upbeat, so position taker can look to load up new euro positions on dips.
For now, offers are tipped at 1.0955/65 n more above with stops reported above 1.1000.
Initial bids are noted at 1.0920/00 with stops below 1.0900, however, more buying interest is reported at 1.0890-80.

Pay attention to slew of data from euro area countries starting with Germany's industrial production, exports and imports. trade balance, then France's budget balance and the retail sales from Italy.
At 16:00GMT, German FinMin Schaeuble will attend Townhall event in Berlin and may well make a speech.

 

[AceTRaderForex]

AceTraderFx May 09: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
10 May 2017 03:06GMT

USD/JPY - 113.82.. Dlr pares yesterday's impressive gain after rallying in European and New York sessions to an 8-week peak of 114.32 on broad-based yen selling due to improved risk sentiment, however, news of N. Korea would continue its nuclear test programmes (see 00:42GMT update) n the abrupt sacking of FBI chief by President Trump triggered broad-based unwinding of recent short yen positions, knocking the pair back down to 113.76 in New York afternoon, then 113.63 ahead of Tokyo open after tripping some stops below 113.70.

Looks like dlr will take a breather after recent strong ascent n broad sideways swings are in store, however, market sentiment remains to buy the greenback on dips.
Bids are noted at 113.65-55 with stops below 113.50, more stops are reported below 113.00.
Offers are tipped at 114.20/30 with stops above 114.50.

U.S. will release a slew of eco. data starting with MBA mortgage applications, import n export prices. At 16:00GMT, Boston Fed Rosengren (non-voter) will be speaking, then followed by Minneapolis Fed Kashkari (voter) at 17:20GMT.

 

[AceTRaderForex]

AceTraderFx May 11: Intra-Day Market Moving News and Views -GBP/USD

Intra-Day Moving News and Views
11 May 2017 03:06GMT

GBP/USD - 1.2936.. Sterling remains on the back foot in subdued Asian trading ahead of BoE Super Thursday where the central bank will announce its rate decision, minutes of MPC meeting and the release of BoE Quarterly Inflation Report at 11:00GMT, then subsequent press conference by Governor Mark Carney at 11:30GMT.

Analysts are divided what message BoE or Carney will convey to the market, although all expect BoE to stand pat on rate decision, some expect more hawkish MPC minutes with external member Michael Saunder to join his peer Kristin Forbes to vote for a hike.
However, the main event is Carney's press conference. Despite market expectation of a possible hike later in the year, analysts are divided on future rate change due to downbeat UK GDP growth. So stay tune as one thing for sure, cable will pretty sharply be either moving up or down during the press conference.

For now, bids are noted at 1.2930-20 with stops below 1.2900, offers are tipped at 1.2960/70 n more above with stops above 1.3000. UK will release construction output, industrial output and manf. output ahead of BoE Super Thursday.

 

[AceTRaderForex]

AceTraderFx May 12: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
12 May 2017 02:02GMT

USD/JPY - 113.78.. Dlr is nursing loss in subdued Asia trading after yesterday's intra-day decline from 114.37 (AUS) to as low 113.32 in New York morning on active unwinding of recent short yen position. Although price staged a modest bounce to 123.92 in New York afternoon, consolidation with downside bias is in store as more long dlr positions may be unwound in Europe due to retreat in U.S. Treasury yields and the Nikkie (the N225 is in the red, down about 73 points at 15,888).

Offers are tipped at 114.00/10 and more above with stops above 114.50.
Initial bids are noted at 113.70-60 with stops below 113.30, more buying interest is reported at 113.10-00 area.

BoJ board member Harada will speak at 04:15GMT. Pay attention to U.S. retail sales and CPI data at 12:30GMT which are expected to show rather upbeat reading, if actual come in better than forecast, then usd wud meet renewed buying and head higher.
Later, Chicago Fed President Evans (voter) will deliver a speech at the 56th ACI Financial Markets Association World Conference on Helsinki at 13:00GMT, then Philadelphia Fed President Harker (voter) will speak at 16:30GMT in Philadelphia.

 

[AceTRaderForex]

AceTraderFx May 15: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
15 May 2017 02:19GMT

USD/JPY - 113.34.. Dlr pares initial weakness at Monday's open and staged a modest bounce to 113.46 in Asian morning. Although price fell as expected in New Zealand following Sunday's missile test by North Korea to 113.13, lack of follow-through selling quickly lifted the pair and dlr edged high at Tokyo open and climbed to 113.46 b4 easing.

Looks like range trading is in store, however, Friday's intra-day selloff to 113.20 in New York morning following soft U.S. data together with falling US Treasury yields and soft Nikkie (N225 is currently in the red, down 33 points) suggests downside bias remains for weakness to 113.00/05.
Offers are tipped at 113.45/55 and more above with stops above 113.70, more stops are reported above 114.05.
Bids are noted at 113.15-05 with stops below 113.00.

Later in the day, U.S. will release New York Fed mfg. index n then NAHB housing index.

 

[AceTRaderForex]

AceTraderFx May 16: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Moving News and Views
16 May 2017 02:21GMT

EUR/USD - 1.0985.. Euro moves narrowly but with a firm undertone in subdued Asian morning after extending last Friday's impressive rally and climbed to 1.0990 due to broad-based buying in the euro esp vs usd, yen and sterling.
It looks like market is now ready to re-test last Monday's 6-month peak at 1.1024 later today after early downward correction to 1.0840 (Thursday).
Bids have been raised to 1.0965-55 and more below with stops below 1.0930.
A mixture of offers and stops is touted near 1.1000, however, more stops are reported above 1.1025/30, suggesting buying euro on dips is the way to go due to broad-based USD weakness (except vs the yen).

Pay attention to release of a slew of eco. data from euro area countries starting with France's HICP. Italy's GDP, the same from EU, trade bal., ZEW eco. sentiment n Germany's ZEW eco. sentiment. if the ZEW for Germany n the EU are upbeat, expect euro to move higher.
Later at 18:00GMT, ECB Executive Board Member Benoit Coeure will give speech at the annual dinner of the ECB's Bond Market Contact Group.

 

[AceTRaderForex]

AceTraderFx May 17: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
17 May 2017 02:23GMT

USD/JPY - 112.60.. Dlr languished near a 1-week low of 112.50 in Asia. The pair met renewed selling after New York close and price easily penetrated yesterday' low at 112.94 (New York) in thin Australian trading and tumbled to 112.50 after tripping stops below 112.90.
The lack of an intra-day bounce suggests intra-day downside bias remains as continued political turmoil at the White House (see 00:30GMT update) and falling U.S. Treasury yields (currently at 2.302% vs Tuesday's close at 2.327%) are expected to undermine the greenback and spur more yen-buying on risk aversion.
Offers have been lowered to 112.90/94 and more at 113.10/20 with stops above 113.35.
Some bids are noted at 112.40 with stops below 112.00.

Although dlr fell in New York morning on Tuesday after soft U.S. housing data, the only data due out from the U.S. later in the day is MBA mortgage applications, so funds flow and technical trading will have direct influence on short-term price moves. So selling dlr on recovery is the way to go.

 

[AceTRaderForex]

AceTraderFx May 18: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
18 May 2017 03:06GMT

USD/JPY - 111.07.. Dlr finally found respite in hectic Asian trading after yesterday's spectacular 2% selloff from 113.14 (AUS) to 110.80 at New York close as market (investors) reacted negatively to continued turmoil at the White House, selloff in U.S. stocks (Dow fell 1.8%) n falling U.S. Treasury yields (benchmark 10-year yields tumbled from 2.306% to 2.212% on Wednesday) triggered broad-based yen buying on risk aversion.

The pair continued its recent losing streak n fell again in thin Australian trading, price easily penetrated 110.80 low to a 3-week trough of 110.53 before staging a strong bounce due to bargain hunting by Japanese importers, dlr recovered to 111.23.

Looks like we have seen a temp. trough for the greenback in Asia and consolidation is in store.
However, European traders may give the buck another bashing if price trades above 111.00, so selling on recovery is still favoured.
Offers are tipped at 111.20/30 n more at 111.50 with some stops above there.
Bids are noted at 110.60-50 with stops below there.

Later in the day, U.S. will release weekly jobless claims, Philly Fed mfg survey. Cleveland Fed President Mester (non-voter) will speak at 17:15GMT.

 

[AceTRaderForex]

AceTraderFx May 19: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
19 May 2017 02:11GMT

USD/JPY - 111.15.. Although the greenback erased intra-day losses in Asia n European session on Thursday and staged a short-covering rally from 110.24 (Europe) to as high as 111.73 after robust U.S. jobless claims n Philly Fed index together with rebound in U.S. stocks after initial weakness, sellers returned ahead of Tokyo open today and price edged lower to 111.13 in Asian morning, suggesting consolidation with downside bias remains for a retreat to 110.70/75.
Offers are tipped at 111.30/40 and then at 111.50 with stops above 111.75, however, more selling interest is reported at 111.90/00 with stops above 112.00.
On the downside, bias are noted at 111.00 with stops below 110.50.

Although dlr reacts to either stronger or weaker-than-expected U.S. eco. data this week, there is no data due out today, so funds flow will have a greater influence on intra-day price swings.

Last but not least, S. Francisco Fed President John Williams (non-voter) will speak at 17:40GMT but market impact should be muted.

 

[AceTRaderForex]

AceTraderFx May 22: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Moving News and Views
22 May 2017 02:48GMT

USD/JPY - ... Although dlr fell at New Zealand on Monday from 111.30 to 110.88 as renewed U.S. political turmoil (see Saturday 03:47GMT update) and Sunday's missile test by North Korea led to broad-based yen-buying on risk aversion, good buying interest quickly emerged and lifted price sharply higher to 111.61 in Tokyo morning, suggesting another day of intra-day wild swings would continue.

Bids are noted at 111.00-110.90 with stops below 110.70, more stops are reported below 110.50.
Offers are tipped at 111.60/70 with stops above 1111.80, more stops are touted above 112.00.

U.S. calendar is pretty thin with national activity index being the only data due out at 14:00GMT. Philly Fed President Harker (voter) n Minneapolis Fed President Kashkari (voter) will be speaking at 14:00GMT and 14:30GMT respectively.

 

[AceTRaderForex]

AceTraderFx May 23: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
23 May 2017 03:25GMT

EUR/USD - 1.1251.. Euro stands tall in relatively subdued trading in Asia after yesterday's intra-day rally above last Friday's 1.1211 high to a fresh 6-month peak at 1.1264 in New York as comments by German Chancellor Merkel at European midday who said the euro is 'too weak' led to broad-based euro buying.

Despite moving very narrowly in New York afternoon after intra-day pullback to 1.1228, euro edged higher in Asia on buying vs the pound after news of a bomb attack in Manchester, Britain, suggesting the single currency will continue its recent winning streak in Europe, having said, offers at 1.1270/80 and market chatter of an option barrier at 1.1300 may put a lid on the pair.
Bids are noted at 1.1230-20 with stops below 1.1210.

Euro area countries will release a slew of eco. data starting with German Q1 GDP, France's bus. climate, Markit mfg and services PMI, then Germany will releasse the same PMIs n the important German Ifo business climate survey and lastly, EU's Markit mfg n services PMIs.

 

[AceTRaderForex]

AceTraderFx May 24: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
24 May 2017 03:02GMT

EUR/USD - 1.1187.. Euro is nursing loss in subdued Asian trading after tumbling from Tuesday's fresh 6-month peak of 1.1268 to as low as 1.1176. Although upbeat German Ifo data pushed euro to said yesterday's high, broad-based profit taking in the euro pressured the pair and usd's rally near New York midday finally forced euro bulls to capitulate and sent price falling below 1.1200/10, tripping stops below there.

It is plain to see that the single ccy has made a temporary top and sideways consolidation is seen until European open before further corrective fall resumes, so selling euro on further recovery is favoured.
Offers have been lowered to 1.1215/25 and more above with stops above 1.1270.
Some bids are noted at 1.1180-70 with more stops reported below 1.1160.

Germany will release Gfk consumer confidence n then later Italy's trade balance.
Pay attention to speech by ECB's Praet at 08:30GMT and then at 12:45GMT, ECB President Draghi will make a keynote speech at a financial conference on Financial Stability in Madrid, Spain.

 

[AceTRaderForex]

AceTraderFx May 25: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
25 May 2017 03:04GMT

USD/JPY - ..... Price has moved relatively sideways after decline from 112.13 (NEW YORK morning high) to 111.48 after release of cautious (mildly dovish) Fed minutes which had led to broad-based usd's decline in late NEW YORK trade.

Intra-day usd's firmness in Asia suggests consolidation with downside bias remains due to falling U.S. Treasury yields (benchmark 10-year yield is currently at 2.253% vs Wed's close of of 2.266%), so selling the greenback on recovery is favoured but steep decline may not be seen ahead of release of key U.S. GDP data tomorrow.

Offers are tipped at 111.70/80 n more above with stops reported above 112.15/20.
Minor bids are noted at 111.50-40 with stops below 111.30.

U.S. will release initial weekly jobless claims, trade balance, wholesale inventories n Kansas City mfg. activity index. At 14:00GMT, U.S. Federal Reserve Board Governor Lael Brainard (voter) will participate in panel discussion on global economy.

 

[AceTRaderForex]

AceTraderFx May 26: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
26 May 2017 03:43GMT

USD/JPY - 111.58.. Although the pair moved narrowly in early lackluster Asian trading after a subdued New York session on Thursday, comments by 2 non-voting Fed officials (Williams and Bullard) led to yen-buying but usd's strength vs other major currencies, the yen was actively bought vs sterling, euro, aud and the usd, price fell from 111.88 (AUS) to 111.55 after tripping some stops below 111.60.

Traders are unsure of USD's strength vs other G5 currencies, perhaps intra-day selloff in sterling triggered USD buying. Offers are tipped at 111.70/80 and more at 111.90/95 with stops above 112.15.
Some bids are reported at 111.60-50 with stops below 111.40.

Although today is the last trading day of the week and U.S. markets will be closed for Memorial Day holiday next Monday, traders are awaited release of a slews of key U.S. data starting with prelim. Q1 GDP, core Q1 PCE, durable goods orders University of Michigan consumer confidence, so dlr is expected to move on these eco. data later in the day, good luck.

 

[AceTRaderForex]

AceTraderFx May 29: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
29 May 2017 03:00GMT

EUR/USD - 1.1168.. Euro remains on the book foot in subdued Asian trading on Mon after falling relatively sharply fm 1.1235 (Europe) to 1.1161 in New York morning after robust U.S. GDP (revision).
Although price moved narrowly in quiet New York afternoon session as some traders headed off earlier to start a long weekend holiday, price came under renewed selling pressure at 1.1185 in Australia n weakened to 1.1162, suggesting intra-day downside bias remains and stops below 1.1155, then below 1.1140 are now in focus.
Offers are tipped at 1.1180/90 with some stops above 1.1200.

Eco. calendar from the euro area countries is thin with EU M3 money supply being the only data due out.
Pay attention to speeches by ECB's Nowotny who is speaking in Vienna at 07:15GMT, then Buda President n ECB's member Weidmann in Frankfurt. last but not least, ECB President Draghi will speak at the EU Parliament at 13:00GMT, so keep an eye out on what he has to say.