AceTraderFx: Intra-Day Market Moving News and Views

[AceTRaderForex]

AceTraderFx Dec 08: Intra-Day Market Moving News and Views - USD/JPY

Intra-Day Market Moving News and Views
08 Dec 2017 03:08GMT

USD/JPY - 113.33.. Dlr stands tall in active Asian trading after snapping 3 days of losses on Thursday and later rallied to 133.15 near New York close.

The pair started to climb in Australia yesterday and ratcheted higher to 112.80 on broad-based yen selling as rebound in Asian and European stocks boosted risk appetite.
Despite a brief pullback to 112.58 in early New York trading on falling U.S. yields, price later moved higher on broad-based usd's strength in anticipation of passage of a bill to extend U.S. govt. funding on a temporary basis.

Dlr's intra-day gain to a 3-week high of 113.39 ahead of Tokyo lunch break on rising Asian stocks (N225 has risen by over 1% n last traded at 22772) and firm U.S. yields due to market optimism U.S. tax reform will be passed by the Dec 22 deadline suggests further gain would be seen in European trading, so buying on dips is the way to go ahead of release of key U.S. jobs data.

Bids have been raised to 113.10-00 and more at 112.80 with stops below 112.50.
Some offers are tipped at 113.40/50 and more above with stops above 113.90.

U.S. will release the blockbuster NFP, average hourly earnings, unemployment rate, private payrolls at 13:30GMT, then later capacity utilization and then University of Michigan consumer confidence and Whole inventories and sales.

 

[AceTRaderForex]

AceTraderFx Dec 11: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
11 Dec 2017 02:50GMT

USD/JPY - 113.63.. Dlr stands tall in early Asian trading. Price initially climbed marginally above Friday's 3-week top of 113.63 in Australia and despite a brief pullback to 113.46 at Tokyo open, renewed selling in yen especially vs usd and euro sent dlr to 113.69, suggesting recent upmove would resume after consolidation.

Bids have been raised to 113.50-40 and more below with stops reported below 113.10.
Offers are tipped at 113.70/75 and more above with stops above 114.00.

No major U.S. data is due out for release today and market is awaiting Wed's FOMC rate decision and Fed chair Yellen's press conference.

 

[AceTRaderForex]

AceTraderFx Dec 12: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
12 Dec 2017 03:20GMT

EUR/USD - 1.1769.. Euro remains on the back foot in subdued Asian trading after intra-day retreat from yesterday's high at 1.1812 (New York).
Despite Monday's initial firmness following rebound from Friday's near 3-week low of 1.1730 to 1.1803 in Europe, then marginal gain to 1.1812 in New York morning due to broad-based usd's weakness partly on news of an explosion in Manhattan n falling U.S. yields, renewed buying quickly knocked price lower and euro later retreated to 1.1765 at the close and then 1.1764 in Asia today.

Euro's decline from 1.1812 suggests corrective rebound from 1.1730 has possibly ended and range trading with downside bias is in store.
Offers are tipped at 1.1785/95 and more above with stops reported above 1.1815.
Bids are noted at 1.1765-55 with stops below there, more stops are touted below 1.1730.

On the eco. data front, France will release non-farm payrolls first n then Germany's ZEW economic sentiment and conditions, EU will also release ZEW eco. sentiment.
There is a EU General Affairs Council meeting today n ECB's Draghi will deliver a speech in FFT late in the day at 19:00GMT.

 

[AceTRaderForex]

AceTraderFx Dec 13: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
13 Dec 2017 03:00GMT

USD/JPY - 113.48.. Dlr moves narrowly in subdued Asian trading after retreating from yesterday's 4-week high of 113.75 as traders are keeping their powder dry ahead of U.S. inflation data and Fed's last rate meeting for the year.

Despite intra-day gain above Monday's 113.69 high to 113.75 due broad-based usd's strength n rising U.S. yields, profit taking quickly knocked price down to 113.38 and dlr later moved narrowly for rest of New York afternoon session.

Range trading is expected until European open with offers tipped at 113.65/75 and more at 113.90 with stops above 114.00.
Bids are noted at 113.40-30 with stops below below 113.20.

BoJ Gov. Kuroda will deliver a speech at an event in Tokyo at 09:00GMT.

U.S. will release key CPI data for Nov, weekly earning n then at 19:00GMT, Ded will announce its rate decision as well as Fed eco. projection. Last but not release, Fed Chair Yellen will make her final post-Fed press conference at 19:30GMT.

 

[AceTRaderForex]

AceTraderFx Dec 14: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
14 Dec 2017 02:30GMT

USD/JPY - 112.65.. Dlr pares some steep losses sustained in hectic trading on Wednesday. Price remained on the back foot in New York morning after extending intra=day decline to 112.96 on soft U.S. CPI data.
Despite staging a recovery on short covering to 113.28, the pair tumbled to session lows of 112.46 after the usual 'knee-jerk reaction after expected rate hike.

Although intra-day recovery to 112.79/80 shortly after Asian open on bargain hunting by Japanese names (importers) suggests range trading above 112.46 would continue until European open, yesterday's broad-based usd's weakness due partly to falling U.S. yields suggests market will test dlr's downside later in the day.

Offers are tipped at 112.75/80 and more above with some stops touted above 113.00.
Bids are noted at 112.50-45 with stops below there, more stops are reported below last week's low at 112.00.

U.S. will release a slew of eco. data starting with retail sales, initial weekly jobless claims, import and exports prices, Markit mfg and services PMIs and business inventories.

 

[AceTRaderForex]

AceTraderFx Dec 15: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
15 Dec 2017 03:00GMT

EUR/USD - 1.1785.. Trading the single currency proved to be tricky in hectic Thursday's session. Despite initial marginal gain to 1.1844 in following post-FOMC rally, profit taking pushed price back down to 1.1811 in Europe before rebounding.

Euro briefly jumped to 1.1863 as ECB's Draghi began to speak at the press conference, traders sold euro broadly due to Draghi's dovish remarks on forward guidance, the pair tumbled to 1.1771 before staging a short covering bounce to 1.1801 falling to 1.1765 in Australia after tripping stops below 1.1770.

Intra-day rebound from 1.1765 suggests temp. low is in place and range trading is expected ahead of European open.
Our bias on euro remains up, so buying on dips is still recommended.
Bids are noted at 1.1770-60 with stops below 1.1750.
Offers are noted at 1.1800/10 with stops above there, more selling interest is touted at 1.1830/40.

The EU will release trade balance in the morning. EU will continue the 2nd of its 2-day meeting today and part of the agenda is to discuss next phase of Brexit talk, a EU Council press conference is scheduled at 13:30GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
18 Dec 2017 03:00GMT

USD/JPY - 112.66.. Despite initial cross-inspired weakness to 112.49 in Australian morning following Friday's intra-day rally to 112.75 in New York morning due to broad-based usd's strength on renewed market optimism of a U.S. tax overhaul, renewed buying emerged n sent dlr to 112.83 in Asian morning partly on rebound in U.S. yields.
Price pared intra-day gain and retreated to 112.59/60 ahead of Tokyo lunch break as the greenback also edged lower broadly on profit taking.

Looks like rebound from 112.03 (Friday) has made a temp. high and range trading is in store until European open, anticipated usd's strength suggests buying dlr on dips is still favoured.
Bid are noted at 112.55-50 with stop below 112.30.
Offers are tipped at 112.80/90 and more above with stops above 113.00.

U.S. eco. calendar is very thin with NAHB housig market index being the only data due out.
Anyway, market attention is solely on U.S. tax bill which will go through a Senate vote possibly on Tuesday.
So for now, technical trading n U.S. yields will have a direct influence on intra-day price swings.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
19 Dec 2017 03:00GMT

USD/JPY - 112.60.. Dlr maintains a steady to firm undertone in subdued Asian trading after yesterday's roller-coaster swings.

Despite extending Mon's intra-day fall from 112.83 (Asia) to 112.31 in New York morning on USD's broad-based retreat, the greenback met renewed buying on rising U.S. yields and rebounded to 112.61 in New York afternoon, then marginally higher to 112.67 in Tokyo, suggesting consolidation with upside bias is seen.

Bids are noted at 112.40-30 with stops below there.
Ofers are tipped at 112.75/85 with stops reported above 112.90.
Traders are keeping their powder dry as U.S. tax bill will get its vote at the House of Representatives later today and then the Senate tomorrow.

U.S. will release trade balance, building permits, housing starts and Redbook retails sales.

 

[AceTRaderForex]

AceTraderFx Dec 20: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
20 Dec 2017 03:20GMT

EUR/USD - 1.1843.. The single currency maintains a firm undertone in subdued Asian trading after yesterday's erratic rise from 1.1777 (Asia) to 1.1849 in New York afternoon.

The main driver of yesterday's gain was a sharp rise in German bonds yields after German Finance Ministry said it plans to borrow more money on capital markets in 2018, causing 30-year Bond yields rose nearly 9 b.p. to 1.20%.

Intra-day firmness suggests re-test of last week's 1.1863 high is on the cards where a break there would bode well for recent upmove to head towards 1.1900.
Bids have been raised to 1.1830-20 and more below with stops below 1.1800. More buying interest is reported below with stops touted below 1.1770.
Offers are tipped at 1.1850/60 with stops above 1.1865/70.

On the eco. data front, Germany will release PPI, then EU's current account data. Buba President and ECB Board member Weidmann is scheduled to speak at 13:00GMT in Milan.

 

[AceTRaderForex]

AceTraderFx Dec 21: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
21 Dec 2017 03:20GMT

USD/JPY - 113.33.. Dlr pares yesterday's gain to a near 1-week high of 113.46 to 113.20 on selling by Japanese names (exporters), however, renewed buying quickly lifted price.

Expect consolidation ahead of BoJ's monetary policy announcement during Tokyo lunch session where the central bank is widely expected to stand pat on its rate decision.
however, pay attention to BoJ Gov Kuroda's comments at the press conference at 06:00GMT for any change of his tone on QQE.
For now, bids are noted at 113.20-10 with stops below 113.00.
Offers are tipped at 113.45/50 and more above with stops above 113.75. Buying dlr on dips is cautiously favoured after benchmark U.S. 10-year yields rallied to 9-month high of 2.05025% (currently around 2.4862%).

U.S. will release final Q3 GDP, PCE, jobless claims, monthly home price n leading indicators later today.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
22 Dec 2017 03:00GMT

USD/JPY - 113.33.. Dlr moves relatively narrowly in Asia as the euro captured centre stage. Despite initial brief dip to 113.27 due to selling in eur/yen cross, minor buying interest emerged and lifted the pair, suggesting range trading would continue until European open.

Despite yesterday's gain to a 1-week high of 113.64 in Europe due to rising U.S. yields, subsequent retreat in New York to 113.28 suggests a temp. top is made.
However, current steady to firm U.S. yields suggest intra-day upside bias remains for possible headway towards December's 113.75 later today esp if U.S. eco. data come out better than street forecast.
Bids are noted at 113.30-25 and more below with stops below 113.00.
Offers are tipped at 11..55/65 with stops reported above 113.80.

Ahead of the X'mas long weekend holiday, expect choppy price action after release of U.S. eco. data starting with PCE, durable goods orders, then new home sales and University of Michigan consumer confidence.

 

[AceTRaderForex]

AceTraderFx Dec 27: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
27 Dec 2017 03:30GMT

USD/JPY - 113.26.. Dlr is trading roughly at the same level this time yeserday after intra-day swings in New York session.

Although price moved narrowly in Boxing Day in Tokyo trading after showing muted reaction to a slight rise in Japan's CPI date, price weakened to session lows of 113.13 in New York morning due to falling U.S. yields, short covering later lifted the pair near the close.
Despite initial gain to 113.36 in thin post-holiday trading at Tokyo open, price then eased on lack of follow-through buying.

Looks like range trading is in store probably until NY open but as long as yesterday's 113.13 holds, consolidation with upside bias is still envisaged.
Bids are noted at 113.20-10 with stops reported below 113.00.
Offers are tipped at 113.35-45 with stops above 113.50, more stops are touted above 113.75.

U.S. will release Redbook retail sales n then pending home sales later in the day.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
28 Dec 2017 03:00GMT

USD/JPY - 113.16.. Dlr remains on the back foot in subdued Asian trading after yesterday's lackluster session. Despite swings broadly sideways inside a tight range of 113.15-113.38, renewed broad-based usd's weakness in New York session following release of downbeat U.S. consumer confidence (December index hit a fresh 1-year low) and falling U.S. yields later pressured price in New York afternoon.

Range trading is likely to continue with bids noted at 113.15-10 with stops reported below 113.00.
Offers are tipped at 113.40-45 and more above with stops above 113.65.

U.S. eco. calendar is pretty light with weekly jobless claims and Chicago PMI being the only data due out, however, if the latter comes in lower than forecast, then usd may come under further selling pressure.

 

[AceTRaderForex]

AceTraderFx Dec 29: Intra-Day Market Moving News and Views -USD/JPY

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

USD/JPY - 112.74.. Dlr languished near yesterday's 1-week low of 112.67 on the last trading day of the year in Asia.

Despite swinging broadly sideways in New York morning Thursday following intra-day selloff which began during Tokyo lunch break to session lows of 112.67 in Europe on broad-based usd's weakness.
The pair briefly jumped to 112.99 on short covering after release of upbeat U.S. Chicago PMI. Price later moved narrowly for rest of New York session n briefly bounced to 112.97 at Tokyo open but only to fall back to intra-day low of 112.69.

Expect price to trade with a soft undertone n ratchet lower in Europe, so trading from short side is favoured.
Offers are tipped at 112.90/00 with stop above 113.10.
Some bids are noted at 112.70-60 with stops below 112.50.

No U.S. eco. data is due out so year-end funds flow will have a definite impact on intra-day price swings.

 

[AceTRaderForex]

AceTraderFx Jan 02: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
02 Jan 2018 03:20GMT

USD/JPY - 112.73.. Dlr finds respite in quiet Asian trading as financial markets in Japan remains closed for a 3-day holiday.

Despite hitting a 10-day low of 112.47 ahead of New York open due to broad-based usd's weakness as well as falling U.S. yields, profit taking lifted price to 112.67.
Price edged higher to 112.79 at Asian open as conciliatory comments by N. Korean leader Kim Jong Un (see MMN) lead to some yen-selling,

Range trading above 112.47 is expected until European open, however, anticipated renewed usd's weakness later in the day suggests selling the greenback on recovery is still favoured.
Order book is pretty thin with some offers tipped at 112.80/90 n more above with stops touted above 113.00.
Bids are noted at 112.55-45 with stops below 112.30.

On the U.S. eco. data front, the only data due out later today is Dec Markit mfg PMI.

 

[AceTRaderForex]

AceTraderFx Jan 03: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
03 Jan 2018 03:20GMT

EUR/USD - 1.2044.. Euro swung sideways in directionless Asian trading after climbing to a 3-1/2 month peak of 1.2082 in Europe, however, intra-day rally in U.S. yields prompted profit taking and briefly pressured price back down to 1.2027 in New York morning before renewed buying emerged and lifted price.

Despite initial marginal gain to 1.2066 in Australia, intra-day pullback in Asia suggests range trading below 1.2082 would continue until European open and buying euro on dips in expectation of resumption of recent upmove is still recommended.
Bids are noted at 1.2030-20 with stops below 1.2000.
Offers are tipped at 1.2075/85 with stops above 1.2095/00.

Euro area eco. calendar is pretty thin will Germany's unemployment report being the only data due out.

 

[AceTRaderForex]

AceTraderFx Jan 04: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
04 Jan 2018 03:00GMT

USD/JPY - 112.66.. The greenback gained the most against the yen in New York trading yesterday due to return of risk sentiment on broad-based rally in global stocks as well as short covering after upbeat U.S. data. The pair climbed above Tuesday's 112.39 high to 112.49 in New York morning and then to session highs of 112.60 after mildly hawkish FOMC minutes.

Short-term spec bot the dlr ahead of Asian open n pushed price to 112.78 before easing.
Consolidation is expected and yesterday's broad-based usd's gain on short covering may well continue in European trading, so buying the buck for st trade is cautiously favoured.
Bids are noted at 112.50-40 with stops below 112.20, more stops are reported below 112.00.
Offers are tipped at 112.75/80 n more above with stops above 113.00.

On the data front, pay attention to release of ADP private payrolls, initial jobless claims and Markit services PMI.
Last but not least, St. Louis Fed President Bullard (non-voter) will deliver a speech at 18:30GMT.

 

[AceTRaderForex]

AceTraderFx Jan 05: Intra-Day Market Moving News and Views -USD/JPY

Intra-Day Market Moving News and Views
05 Jan 2018 04:00GMT

USD/JPY - 112.84.. The pair remains bid in Asian morning after yesterday's rally in NewYork to 112.86 on robust ADP private payrolls data.
Despite subsequent pullback to 112.71/72 in late trade, renewed buying at 112.73 in early Tokyo trading lifted price to 112.85 due to renewed yen's weakness esp vs usd, eur and gbp as gain in the N225 where the Nikkie index hits a fresh 26 year high (together with record high closing in U.S. stocks) boosted risk sentiment.

Later today, all eyes are on the key U.S. jobs data, since traders brushed off Thursday's robust ADP private payrolls and sold dlr on rally in New York morning, even if usd rises climbs on higher-than-expected NFP, selling the buck is still favoured unless the equally important monthly average hourly earnings exceed forecast of a 0.3% increase by a wider margin.
After release of a slew of U.S. eco. data, we have Philly Fed President Harker speaking at 17:30GMT and then Cleveland Fed's Mester speaking at 19:30GMT.

 

[AceTRaderForex]

AceTraderFx Jan 08: Intra-Day Market Moving News and Views -EUR/USD

Intra-Day Market Moving News and Views
08 Jan 2018 06:00GMT

EUR/USD - 1.2027.. Euro remains on the back foot in post-Asian lunch session after staging a brief recovery to 1.2052 in Asian morning but only to meet with renewed selling due to broad-based usd's firmness.

As price is close to Friday's post-NFP New York low at 1.2021, suggesting market is keen to test euro's downside after inability to penetrate Thur's 3-1/2 month peak at 1.2089 despite downbeat U.S. payrolls.
Offers are tipped at 1.2045/55 with stops abv there.
Bds are noted at 1.2025-20 with stops reported below 1.1990.

Pay attention to a slew of eco data from the euro area countries starting from Germany's industrial orders, Italy's unemployment rate, EU Sentix investors confidence, retail sales, bus. climate, industrial n consumer confidence.
Also, European Commission starts its 2-day meeting today.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
09 Jan 2018 03:15GMT

USD/JPY - 112.60.. The Japanese yen captured market attention in New York morning on Mon n gained broadly vs usd, eur, gbp and aud.

Despite initial recovery to 113.18 in Australia, the yen took centre stage again in Asian morning and rallied strongly after Reuters reported the BoJ has trimmed its long-term bond purchase on Tuesday, price tumbled to 112.50 before staging a minor short-covering bounce ahead of Tokyo lunch break.

Looks like price would remain on the back foot in European trading as European traders are expected to buy the yen on the news, so selling dlr on recovery is the way to go.
Offers are tipped at 112.75/85 with stops above 113.00.
Some bids are noted at 112.50-40 with stops toured below 112.00.

U.S. will release Redbook retail sales and JOLTS jobs opening during New York morning and Minneapolis Fed President Kashkari (non voter) will be speaking at 15:00GMT.