AceTraderFx: Intra-Day Market Moving News and Views

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 21 Jan 2021 05:30GMT

EUR/USD - 1.2124.. Euro climbs to 1.2130 (Reuters) in Asian trading due to usd's weakness on renewed risk sentiment after yesterday's decline from 1.2157 (Europe) to 1.2077, suggesting further volatile swings above Monday's 6-week bottom at 1.2055 would continue until ECB monetary policy's announcement n then post-ECB presser.

As the ECB is widely expected to keep its rates unchanged but may well increase its stimulus measures due to continued eco. downturn in the euro zone after caused by the 2nd wave of COVID-19. Traders are also eagerly waiting for ECB President Lagarde's comments on the strength of the euro, if she hints at concerns by the ECB Governing Council of the single currency, then one can expect broad-based euro bashing.
For now, offers are tipped at 1.2130/40 with stops above 1.2160 while bids are noted at 1.2090/80 with stops below 1.2075 n more below 1.2050.

Ahead of ECB's rate announcement, the euro area countries will release a slew of eco. data (please refer to EI page for details).

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 22 Jan 2021 05:30GMT

EUR/USD - 1.2173.. Euro remains on the front foot in Asia n climbed marginally above Thursday's 1.2173 high to 1.2177 at Asian open due partly to broad-based euro buying vs yen n gbp.

Despite intra-day retreat from post-ECB New York morning high at 1.2173 after ECB President Lagarde said in Q&A session "very carefully monitoring fx rate", price met renewed buying at 1.2137 n edged back to 1.2169 near New York close. As euro's strong rise from Mon's 6-week trough at 1.2055 signals recent fall from Jan's near 33-month peak at 1.2349 has made a temp. low, stronger retracement towards chart obj. at 1.2222 is envisaed.

Bids are noted at 1.2160/50 with stops below 1.2130 while offers are tipped at 1.2175/80 with stops above there, ore stops are touted above 1.2225.

Today is PMI day in the euro area countries, France will kick off with Markit mfg n servcies PMI at 08:15GMT, then the same from Germany at 08:30GMT and finally from the EU at 09:00GMT, if the actula reading come in better than street forecast (see EI page for details), the euro will extend this week's winning streak.

 

[AceTRaderForex]

AceTraderFx Jan 25: Intra-Day News and Views & data to be released today –EUR/USD

Intra-Day Market Moving News and View
Update Time: 25 Jan 2021 05:30GMT

EUR/USD - 1.2173.. Euro also trades narrowly in Asia after Fri's resumption of near term upmove from last Mon's 6-week trough at 1.2055 to 1.2190 (Europe), as long as Fri's 1.2152 low holds, intra-day upside bias remains for said upmove to retrace recent decline to head to 1.2200/10, loss of momentum would cap price below res at 1.2222 n yield retreat later today.

For st trade, one can buy euro for marginal gain while position players may sell euro on upmove for another fall later this week.
Order board is pretty thin on Monday with some bids noted at 1.2165/55 with stops below 1.2135 whilst some offers are tipped at 1.2185/90 n more at 1.2210/20 with stops above 1.2230.

On the data front, Germany will kick off with key Ifo data at 09:00GMT, then the EU will release bus climate, eco. sentiment, industrial sentiment, services sentiment n consumer confidence at 10:00GMT.
We have a number of ECB members speaking today (pls see EI page for details), also pay attention to ECB President Lagarde who will speak at 08:45GMT n then at 16:00GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 26 Jan 2021 05:30GMT

USD/JPY - 103.68.. Dlr erased Monday's gain and remained on the back foot in Asian morning on Tuesday due to intra-day broad-based retreat in the greenback following yesterday's rise, suggesting range trading is in store in Asia.

Having said that, as early rebound from Friday's 12-day low at 103.33 to 103.93 in New Year on Monday indicates recent correction from January's 4-week peak at 104.39 has possibly ended, prospect of another rise remains after consolidation.
Bids are noted at 103.70-60 with some stops below there while offers are tipped at 103.90/00 with stop reported above 104.10.

In the U.S., the Fed starts its first 2-day FOMC meeting in 2021 later today and there is a slew of eco. data due out in New York session, please refer to our EI page for details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 27 Jan 2021 05:30GMT

USD/JPY - 103.70.. Dlr gains respite in directionless Asian trading on Wednesday after yesterday's intra-day fall from 103.82 (Europe) to 103.56 in New York morning as rebound in European n U.S. stocks boosted risk appetite and the greenback received broad-based bashing before stabilisng in New York afternoon.

As the decline from Monday's 103.93 high suggests early corrective rise from last week's low at 103.33 (Thursday) has possibly ended, downside bias remains and below 103.56 would bring re-test of 103.33, break would extend erratic fall from January's 104.39 to 103.10/15 but reckon 102.95 should hold.
Offers are tipped at 103.75/80 with stops above 103.95/00.

U.S. will release MBA mortgage application n durable goods in New York morning but all eyes are on Fed's rate decision n then Fed President J. Powell post-FOMC presser.
Traders will pay attention to Powell's comments doe any hint of Fed tapering (usd bullish) or continuation of present QA programme (usd bearish).

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 28 Jan 2021 05:30GMT

USD/JPY - 104.30.. Dlr caught a bid in European morning on Wednesday and later penetrated Monday's 103.93 high to 104.19 in post-FOMC New York session despite Fed's anticipated dovish hold, traders bought the greenback due to risk-off trades on decline in U.S. stocks.

As the pair has edged higher in Asia today to a 2-week high of 104.34, just shy of prev. Jan's 4-week peak and 104.39, suggesting minor consolidation is in store before prospect of resumption of recent upmove towatds next daily chart obj. at 104.75. Bids have been raised to 104.10/05 n more below there while a mixture n of offers n stops are touted at 104.35/40.

U.S. will later release a slew of eco. data, pls refer to our EI page for details n pay attention to weekly jobless claims and continued jobless claims to get the feel of the latest condition of the labour market.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 29 Jan 2021 05:30GMT

USD/JPY - 104.46.. Dollar regained traction at Tokyo open on renewed cross-selling in yen n broad-based usd's rebound due to intra-day retreat in U.S. stock futures, price easily penetrated Thursday's 104.46 (NY) high to a fresh 6-week peak of 104.57.

Intra-day resumption of recent upmove from Jan's 9-1/2 month trough at 102.60 suggests price is en route to next daily chart obj. at 104.75 after consolidation, however, reckon 'psychological' handle may hold on 1st testing. Bids have been raised to 104.40/-30 n more below with stops touted below New York low as well as Thursday's low at 104.18.

We have U.S. data dump later in New York (please refer to our EI page for details) which is expected to affect intra-day usd's movement, pay attention to Chicago PMI and University of Michigan consumer confidence.

 

[AceTRaderForex]

AceTraderFx Feb 01: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and View
Update Time: 01 Feb 2021 05:30GMT

USD/JPY - 104.71.. Dollar is in holding pattern after climbing to a 7-week high of 104.94 (Europe) on Friday due to safe-haven usd's buying, despite retreating to 104.62 in Asian morning today, intra-day bounce has retained bullishness for gain to 'psychological, 105.00 handle, break would encourage for further headway towards projected target at 105.34.

Therefore, trading the greenback from long side in anticipation of resumption of recent upmove is the way to go. Order board is pretty light on the first trading day of February.
Bids are noted at 104.70/60 with stops below 104.50 while offers are tipped at 104.90/95 with stops above 105.00.

Today is PMI day in the U.S., please refer to our EI page for details. In addition, we have 4 Fed Presidents scheduled to speak later today after press embargo ahead of last week's FOMC meeting.

 

[AceTRaderForex]

AceTraderFx Feb 02: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and View
Update Time: 02 Feb 2021 05:30GMT

EUR/USD - 1.2084.. Despite Mon's intra-day selloff from 1.2144 (Aust.) to as low as 1.2056 in late New York trade due to broad-based usd's strength as the usd index hit a 7-week high, euro rebounded strongly in early Asian open as further rise in U.S. stock futures boosted risk appetite and triggered usd's selling.

As Monday's weakness to 1.2056 suggests correction from January's 6-week trough at 1.2055 has ended, below this good sup would yield resumption of decline from January's near 33-month peak at 1.3549 towards 1.2011 obj. Therefore, selling euro on intra-day bounce in expectation of another fall is favoured.
Offers are tipped at 1.2095/00 with stops above 1.2120 while a mixture of bids and stops is reported at 1.2060-50 area.

The euro area countries will release a slew of eco. data, please refer to our EI page for detail and pay attention to EU's Q4 GDP. We also have some ECB officials speaking in European n New York morning.

 

[AceTRaderForex]

AceTraderFx Feb 03: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and View
Update Time: 03 Feb 2021 05:30GMT

EUR/USD - 1.2045.. The single currency pares yesterday's losses n climbs to 1.2649 in Asia on short covering. Despite Tuesday's break of Jan's 1.2055 low (now res) to a 2-month trough of 1.2011 in New York morning, intra-day rally in U.S. stocks in New York afternoon triggered broad-based usd selling and lifted the euro.

Although intra-day rebound suggests recent fall from Jan's near 33-month peak at 1.2349 has made a temp. low and range trading would continue in European morning, a firm break of 1.2555/60 needed to bring stronger retracement to 1.2085/95 before prospect of retreat.
Bids are noted at 1.2030/20 with stops below 1.2000 while a mixture of offers and stops are reported at 1.2055/60.

Today is PMI day in the euro area countries, please refer to our EI page for details of release of a slew of eco. indicators.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 04 Feb 2021 05:30GMT

USD/JPY - 105.03.. Dlr moves narrowly in Asia after an uneventful Wednesday's session as market focus was on other G7 currencies, suggesting further sideways swings below Tuesday's 1-week peak at 105.17 would continue.

Having said that, Wed's upbeat U.S. ADP private payrolls n current firm U.S. yields where the benchmark 10-year Treasury (circa 1.148%) is trading near its January's 9-month high of 1.187% suggests upside bias remains for recent upmove to resume. Therefore, trading from long side for gain towards 105.47 is favoured.
Bids are noted at 104.95/85 with stops below 104.80 while offers are tipped at 105.15/20 with some stops touted above there.

Ahead of Friday's key U.S. jobs report, we have a slew of eco. data in New York morning, please refer to our EI page for details and pay attention to release of weekly jobless claims n continued jobless claims to get a feel of latest U.S. jobs market. We also have Dallas Fed's Kaplan n S.Franciso Fed President Daly scheduled to speak in NY afternoon.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 05 Feb 2021 05:30GMT

USD/JPY - 105.51.. Despite initial marginal gain above Thursday's fresh 2-1/2 month high of 105.56 (New York) 105.64 in Australia, price quickly retreated at Tokyo open on yen buying by Japanese exporters and fell back to 105.47, suggesting range trading is in store.

As Thursday's resumption of recent usd's broad-based upmove suggests bullish bias remains in expectation of robust U.S. jobs report later today following Wednesday's upside beat in U.S. ADP private payrolls, buying the pair on pullback is favoured for gain to next chart obj. at 106.10 is favoured, however, o/bot condition should cap price at 106.55.
Bids are noted at 105.35/25 n more below with stop below 104.90.
Offers are tipped at 105.60/70 and more above with stops abv 106.10.

T.G.I.F. for Asian traders but European n N. American traders are keeping their powder dry (or holding dlr longs) ahead of release of key U.S. jobs report plus a slew of other U.S. eco. data, please refer to our EI page for details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 08 Feb 2021 05:30GMT

USD/JPY - 105.50.. Usd's rebounds in Asian morning after extending decline from Friday's 16-week peak of 105.76 marginally below post-NFP New York low of 105.35 to 105.32 in early Australian trading (New Zealand market is closed for Waitangi Day holiday).

As retreat from 105.76 suggests recent cross-inspired upmove has made a temp. top, range trading is in store today and as long as 105.76 holds, minor correction to 105.17 is envisaged but reckon previous sup area at 104.93/98 would remain intact.
Offers are tipped at 105.60/70 with stop touted above 105.80. Bids are noted at 105.35/30 with stops below there.

After Friday's release of key U.S. jobs report which showed a surprise downside beat, no eco. data is due out from the U.S. on Monday.
So traders will take cue from U.S. yields n U.S. stock movement. We have Cleveland fed President Mester scheduled to speak at 17:00GMT later today.

 

[AceTRaderForex]

AceTraderFx Feb 09: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and View
Update Time: 09 Feb 2021 05:30GMT

USD/JPY - 105.15.. The greenback remains on the back foot in early Asian trading after yesterday's decline from 105.67 (Europe) to 105.16 in New York morning due to broad-based usd's weakness on continued risk appetite on the back of rally in U.S. stocks which hit record highs.

Although early decline from Friday's 16-week peak of 105.76 suggests recent upmove from Jan's 9-1/2 month bottom at 102.60 has made a temp. top there, loss of near term downward momentum is likely to limit weakness to 104.95/00 n bring rebound later today.
For now, offers are tipped at 105.35/45 with stops above 105.50 while bids are touted at 105.10/00 with stops reported below 104.80.

On the data front, only 2nd-tier U.S. economic data are due out, so traders will continue to take cue from intra-day move in US stock futures in Asia n European morning, then performance in the Dow n S&P 500 in New York.
Later, we have Federal Reserve Bank of St. Louis President Bullard speaking at "2021 Dow Lecture: U.S. Economy and Monetary Policy" hosted by the National Institute Of Economic And Social Research (NIESR).

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 10 Feb 2021 05:30GMT

EUR/USD - 1.2124.. The single currency remains on the front foot in Asian trading, despite initial dip to 1.2109, renewed buying emerged and quickly lifted euro, price then penetrated Tuesday's 1-week high at 1.2121 (New York) to 1.2126.

As euro's stronger-than-expected rise from Friday's 2-month bottom at 1.1959 suggests recent decline from Jan's 1.2349 peak has made a low, upside bias remains for further gain towards 1.2198 (61.8% r) later this week.
Bids are noted at 1.2110-00 with stops below 1.2090/85 while offers are tipped at 1.2145/55 with stops above there.

On the eco. data front, Germany will kick off with CPI and HICO n then we have France's industrial output. Also, we have a number of ECB official scheduled to speak in European morning New York morning.
Pay attention to speech by ECB President Lagarde at 13:00GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 11 Feb 2021 05:30GMT

EUR/USD - 1.2116.. The single currency continued its recent winning streak on Wednesday and extended early rise from last Friday's 2-month trough of 1.1953 to an 11-day high of 1.2143 in European morning before dipping to 1.2114 ahead of New York open. Despite a brief bounce to 1.2139 after soft U.S. CPI data, failure to penetrate said intra-day high kept price range bound in New York afternoon session.

As long as minor sup at 1.2089 holds, outlook remains mildly bullish for further headway to daily chart obj. at 1.2090 but reckon pivotal res at 1.2222 would hold this week n risk has increased for a much-needed retracement of the said rise. Order board is pretty thin with bids noted at 1.2115/05 with stops below 1.208 while offers are noted at 1.2150/55 with stops touted above there.

The only eco. data due out today is Germany's wholesale price index, however, we have a number of ECB officials scheduled to speak in European morning n catch out for their comments relating to ECB's monetary policy and perhaps euro's exchange rate, please refer to our EI page for details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 16 Feb 2021 05:30GMT

EUR/USD - 1.2136.. Euro remains on the front foot in early Asian trading after retreat from Monday's 1.2144 high (Europe) to 1.2121 in N. American morning n intra-day renewed usd's weakness (except vs yen) due to risk sentiment suggests re-test of last week's high at 1.2149 (Thursday) would be forthcoming next, break there would extend near term upmove from February's 2-month trough at 1.1953 towards next obj. at 1.2190, however, recon res at 1.2222 would hold.

Therefore, trading euro from long side is favoured.
Bids are noted at 1.2125/15 with stops below 1.2100 while offers are tipped at 1.2145/50 with stops above 1.2155.

The euro area counties would release a slew of eco. data (please refer to our EI page for details), pay attention to Germany's ZEW eco. sentiment n EU GDP n EU ZEW survey expectation. European Finance Ministers will meet today n ECB VP de Gindos will particate in the meeting via videoconference.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 17 Feb 2021 05:30GMT

USD/JPY - 105.94.. The greenback pares intra-day gain after initial break of o/n New York high of 106.06 to a fresh 4-month peak at 106.22 in Australia n retreated to 105.93 due to broad-based yen buying on bargaining hunting by Japanese exporters.

Although intra-day retreat suggests a temp. top is in place n range trading is expected, as this week's strong rise on the back of rally in U.S. treasury yields (the benchmark 10-year hit an 11-month high of 1.3192% today), suggesting dlr would resume recent upmove to next chart obj. at 106.55, then towards 107.04 later this week after consolidation. Bids are noted at 105.80/75 with stops below 105.60 while offers are tipped at 106.20/30 with stops above 106.55.

On the eco. data front, we have a pretty heavy data dump in New York session, please refer to our EI page for details, pay attention to retail ales n CPI data at 13:30GMT. We also have a number of Fed officials scheduled to speak later today.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 18 Feb 2021 05:30GMT

USD/JPY - 105.80.. Dlr remains on the back foot in early Asian trading after hitting a 5-month peak of 106.22 in Australia on Wednesday, however, price later ratcheted lower from 106.21 to 105.79 in New York session as retreat in U.S. treasury yields triggered broad-based yen buying, the pair met renewed selling at 105.91 at Tokyo open and fell to 105.71.

Although yesterday's retreat suggests recent upmove has made a temp. top n range trading would be seen, as long as 105.60/65 holds, consolidation with upside bias remains for price to head towards daily chart obj. at 106.55 (2020 Sep high).

Bids are noted at 105.70/60 with stop touted below there while offers are tipped at 106.00/10 with stops above 106.25.

U.S. will release a slew of eco. data later today, pay attention to weekly jobless claims n continued jobless claims. We have Fed's Brainard n Fed's Bostic scheduled to speak in New York morning session.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 19 Feb 2021 05:30GMT

USD/JPY - 105.69.. Dlr cut recent winning streak n weakened to 105.61 at New York open Thursday due to broad-based cross unwinding in recent short yen positions, despite a brief bounce to 105.87, price later fell back to 105.64 in tandem with intra-day retreat in U.S. treasury yields.

Although dlr's decline from Wednesday's 5-month peak at 106.22 suggests recent upmove has made a temp. top, as long as 105.40/50 holds, outlook remains mildly bullish for gain towards next daily chart obj. at 106.55 before prospect of correction.
Bids are noted at 105.65/60 with some stops touted below there while offers are tipped at 105.85/90 with stops above 106.00 and more above 106.25.

T.G.I.F. for Asian traders, however, U.S. will release a slew of eco. data, today is PMI day, we have Markit mfg n services PMI and then existing home sales. We also have Fed's Barkon and Fed's Rosengren scheduled to speak later today.