AceTraderFx: Intra-Day Market Moving News and Views

[AceTRaderForex]

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

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

USD/JPY - 105.61.. Dlr remains on the front foot in active Asian trading on Monday. Despite initial weakness to 105.37 (NZ), intra-day rise in US yields where benchmark 10-year hits a near 1-year high of 1.3942% triggered broad-based yen selling n price briefly penetrated Fri's New York high at 105.66 to 105.73.

As dlr's rebound from Fri's 105.25 low suggests pullback from last Wed's 5-month peak at 106.22 has possibly ended, consolidation with upside bias is seen, above 105.92 would add credence to this view n head back towards 106.22 later.
Order board is pretty light on Monday with bids noted at 105.45/35 with stop below 105.25 while offers are tipped at 105.75/85 with stops touted above 106.00.

U.S. eco. data is very light today with leading index change being the only data due out. We have a number of Fed officials scheduled to speak later today, please refer to our EI page for details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 23 Feb 2021 05:30GMT

EUR/USD - 1.2167.. Euro caught a light bid at Asian open and climbed marginally above Monday's 1.2169 high to a 4-week peak of 1.2176 due to renewed usd's weakness across the board, however, lack of follow-through buying and intra-day rebound in US yields triggered profit taking.

As Intra-day firm break of prev. Feb's 1.2169 high signals early strong upmove from February's 2-month trough at 1.1953 has finally resumed, outlook remains supportive for gain to next daily obj. at 1.2190, however, reckon res at 1.2222 should cap upside due to loss of upward momentum.
Bids are noted at 1.2155/50 n more below with stops touted below 1.2130 (New York low). Offers are tipped at 1.2175/85 with stops above 1.2190.

The euro area countries will release a slew of economic data, please refer to our Economic Indicator page for details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and View
Update Time: 24 Feb 2021 05:30GMT

EUR/USD - 1.2163.. The single currency is in holding pattern in subdued Asian trading despite intra-day 'jump' in cable as well as commodity currencies on continued risk appetite. Price inched higher to 1.2165 before retreating as he pound pares intra-day rally ahead of Tokyo lunch break.

Expect consolidation until European open after hitting a 4-week high of 1.2180 n as long as sup area at 1.2130/36 holds, mild upside bias remains for gain to 1.2190/00, however, loss of momentum should cap price below res at 1.2222.
Bids are noted at 1.2145/35 with stops touted below 1.2130.
While offers are tipped at 1.2170/80 with stops reported above 1.2190.

On the data front, pay attention to Germany's Q4 GDP at 07:00GMT, after that, we have France's bus. climate.

 

[AceTRaderForex]

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

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

EUR/USD - 1.2165.. Euro moves sideways in subdued Asian morning after a roller-coaster Wed's session. Despite intra-day selloff fm 1.2175 (Europe) to as low as 1.2110 in NY morning on rising US yields, dovish comments by Fed's J. Powell n retreat in US yields knocked usd lower broadly in NY afternoon session n price rebounded to 1.2174 near the close.

As rebound fm 1.2110 suggests pullback fm this week's 1.2180 high (Tue) has ended, outlook remains supportive for recent rise fm Feb's 2-month trough at 1.1953 to head twd next chart obj. at 1.2222 after consolidation, therefore, trading euro from long side for this move is the way to go.
Bids are noted at 1.2160-50 with stop below 1.2130 n more below 1.2110 while a mixture of offers n stops are reported at 1.2180/90.

The euro area countries will release a slew of economic data in European morning n we have some ECB members scheduled to speak during the day, pls refer to our EI page for details.

 

[AceTRaderForex]

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

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

EUR/USD - 1.2084.. Euro gains respite in choppy Asian trading after Friday's selloff from 1.2184 (AUS) to as low as 1.2064 in late New York session due to active safe-haven usd's buying on the back of global stock n bond market weakness.

As the decline from Thursday's 6-week high at 1.2242 signals correction from February's 2-month bottom has possibly ended, downside bias remains for weakness towards daily pivotal sup at 1.2024 after consolidation. As 1.2101 in Asia has capped recovery, trading euro from short side is favoured.
Order board is pretty thin on Monday, offers are tipped at 1.2100/05 with stop above 1.2110 while bids are noted at 1.2070/60 with stops below there.

Today is PMI day in the euro area countries n we have ECB President Lagarde n other ECB officials scheduled to speak, pls refer to our EI page for details.

 

[AceTRaderForex]

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

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

USD/JPY - 106.84.. The pair maintains a biddish tone in Asia morning following yesterday's gain to a fresh 3-month top of 106.88 in New York n then climbed to a marginal high of 106.92 on Tue due to renewed broad-based usd's strength, however, price has eased due to intra-day cross-buying of yen as renewed weakness in U.S. stock futures triggered risk-off trade.

Expect minor consolidation before recent upmove heads towards next daily chart obj. at 107.04 but loss of upward momentum is likely to cap price at 107.20/30.
Bids are noted at 106.75-70 with stops below 106.50 whilst offers are tipped at 106.95/00 with stops touted above 107.05.

On the data front. U.S. will later release redbook sales n then ISM NY index. We have Fed's Brainard n Fed's Daly speaking later today at 18:00GMT n 19:00GMT respectively.

 

[AceTRaderForex]

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

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

USD/JPY - 106.84.. Despite retreat from Tuesday's fresh 6-month high of 106.95 (Europe) to 106.68 in New York morning due to broad-based usd's weakness on return of risk appetite following intra-day recovery in US stocks and retreat in US yields, the pair inched higher in Asian morning due to yen-selling following dovish remarks by BOJ's Kataoka (see previous update for details).

As long as Tuesday's 106.68 low holds, outlook remains mildly bullish for recent cross-inspired upmove to test daily chart res at 107.04, however, loss of momentum would limit gain to 107.25/35 n risk has increased for a long-overdue minor correction to occur later today.

Bids are noted at 106.70/65 with stops below there whilst offers are tipped at 106.95/00 with stops reported above 107.05.

On the data front, U.S. will release a slew of eco. data, please refer to our EI page for details. Pay attention to release of US ADP private payrolls ahead Fri's key jobs data as well as US PMI data also. We have a number of Fed officials scheduled to speak in New York session too.

 

[AceTRaderForex]

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

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


USD/JPY - 107.02.. Dlr maintains a firm undertone in relatively subdued Tokyo trading after extending recent upmove to a fresh 6-week high of 107.15 in New York morning, despite intra-day brief retreat to 105.85 on profit taking, gain to U.S. yields lifted price and the pair edged back to 107.10 in Australia.

Expect sideways swings to continue until European open n intra-day weakness in Asian stocks following o/n decline in the Dow should lead to safe-haven usd buying n gain towards next daily chart obj. at 107.53 is envisaged.
Bids have been raised to 106.85/75 with stop reported below 106.65 while offers are tipped at 107.10/15 with some stops above there.

The U.S. will release a slew of U.S. data, please refer to our EI page for details. Pay attention to comments by Fed Chair J. Powell who is scheduled to speak at a forum on the U.S. economy by Wall Street Journal Jobs Summit at 17:05GMT as traders will focus on his remarks on recent rise in U.S. yields
as his dovish comments will send the buck lower n vice versa.

 

[AceTRaderForex]

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

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

USD/JPY - 107.83.. Despite initial marginal gain above Thursday's 8-month high of 107.98 to 108.00 in Australia, price quickly retreated ahead of Tokyo open on yen-buying by Japanese exporters n dlr has shrugged off dovish comments by BoJ Gov. Kuroda (see prev. update), suggesting range trading with near term downside bias would be seen.

As intra-day gain to 108.00 signals Medium Term uptrend from Jan's 9-1/2 month trough at 102.60 remains in force, day and position traders should buy dlr on dips for further headway to 109.55, then towards 109.84 later this month.
Bids are noted at 107.80/70 and more below with stops below 107.50 while offers are tipped at 108.00/10 with some stops above there.

T.G.I.F., however, European and N. American traders are keenly awaiting key U.S. jobs report plus other eco. data later today. We also have Fed's Bostic scheduled to speak at 20:00GMT.

 

[AceTRaderForex]

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

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

USD/JPY - 108.41.. Dlr moves narrowly in subdued Tokyo morning after climbing to an 8-1/2 month peak of 108.64 on Friday after robust U.S. payrolls report n despite intra-day brief retreat to 108.10 on profit taking, price later edged higher in late New York, then 108.47 in Australia on the back of higher US yields where the benchmark 10-year hit a fresh 1-year high of 1.625% (circa 1.545%).

Expect sideways swings to continue as market focus is on other G7 usd majors esp. the commodity currencies before recent uptrend resumes.
Bids are noted at 108.35-25 and more below with stops below 108.10/00 area.
Offers are tipped at 108.55/65 with stops touted above there.

BoJ's Deputy Governor Amamiya will speak at 06:00GMT at a seminar ahead of the central bank's scheduled review of its policy tools at the March rate review.
On the data front, the only economic data from the U.S. are 2nd-tier wholesale inventory n wholesale sales data.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 09 Mar 2021 05:30GMT

USD/JPY - 109.17.. Despite moving narrowly in subdued Australian morning on Tuesday after hitting a fresh 8-1/2 month high of 108.94 in New York yesterday, the pair caught a bid at Tokyo open on broad-based yen selling n rallied to a 9-month peak of 109.23 due to a bout of renewed usd's selling vs other G7 currencies.

Intra-day gain to 109.23 suggests recent upmove from January's 9-1/2 month bottom remains in force and gain to 109.65/75 is envisaged, minor loss of upward momentum is likely to cap price below daily chart res at 109.84 (2020 June high) and yield correction later today or tomorrow.
Bids have been raised to 109.0/95 with stops below 108.60 while some offers are tipped at 109.30/40 and more above with stops reported above 110.00.

Economic calendar in the U.S. is very thin with 2nd-tier redbook sales being the only data due out at 13:55GMT, therefore, traders will take cue from intra-day move in U.S. stocks n U.S. yields.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 10 Mar 2021 05:30GMT

EUR/USD - 1.1886.. Euro's swings sideways but a with soft undertone in Asia after staging an impressive rally from Tue's 3-month trough at 1.1836 at Asian open to as high as 1.1915 in Europe as intra-day falling US yields triggered broad-based short covering in the euro, however, lack of follow-through buying later pushed price back down to 1.1883 in New York morning.

As yesterday's bounce from 1.1836 signals recent downtrend has made a temp. low, 1-2 days of cosolidation is envisaged and as long as 1.1866 (Tuesday's Asian high, now sup) holds, stronger retracement to 1.1935/40 may be seen but reckon 1.1953 (February low, now res) should cap upside and yield another fall (dovish comments by ECB's Lagarde at Thursday's post-ECB meeting perhaps).
Offers are tipped at 1.1905/15 with stops above there while bids are noted at 1.1885/80 with stops below there.

Economic data in the euro area countries are a little light today (please refer to our EI page for details), we have ECB board member Fernandez-Bollo speaking at 13:00GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 11 Mar 2021 05:30GMT

EUR/USD - 1.1925.. Trading the single currency proved to be tricky in volatile Wednesday's session. Although price fell from 1.1903 (AUS) to 1.1869 ahead of European open, renewed buying lifted the pair n price ratcheted higher to 1.1924 in New York morning on renewed usd's weakness on soft U.S. inflation data, the pair fell briefly to 1.1887 on profit taking before climbing to session highs of 1.1929 near New York close on falling US yields led by rise in the Dow to record highs.

Although euro's erratic rise from Tue's fresh 3-month bottom at 1.1836 suggests recent decline has made a temp. low and marginal gain towards 1.1953 ahead of ECB's rate announcement can't be ruled out, reckon upside would be capped well below 1.1992 (February low, now res) and yield decline (dovish comments by ECB's Lagarde perhaps).
Bids are noted at 1.1900/1.1890 with stops below 1.1880 and more below 1.1860 while offers are tipped at 1.1940/50 with stops above there.

No eco. data is due out from the euro area countries so traders are keeping their powder relatively dry until ECB's monetary policy announcement at 12:45GMT n then post-ECB presser by ECB's Largarde whick always promises to cause volatility in the euro.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1982.. As mentioned in Thursday's update, the post-ECB presser by ECB President Lagarde (her predecessor too) always promises 'volatility' and euro did not disappoint to those looking for wild swings (question is whether one can profit from them or not !).

Despite euro climbed steadily at Asian open Thursday from 1.1917 to 1.1968 in Europe and then a brief jump to 1.1973 at New York open, price retreated to 1.1929 during Lagarde's presser on profit taking but only to rally to session highs of 1.1990 as gain in US stocks boosted risk sentiment and led to broad-based usd's bashing. Yesterday's resumption of upmove from Tuesday's 3-month trough at 1.1836 suggests price may head to 1.2030/40 but reckon 1.2030/40 would cap upside.
Bids are noted at 1.1960/50 with stop below 1.1915 and offers are tipped at 1.1990/00 with stops above there.

The euro area countries will release a slew of eco. data, please refer to our EI page for details. ECB board member af Jochnick will speak at a financial forum at 13:00GMT.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1959.. Euro maintains a firm undertone in relatively quiet Asian morning following a volatile session on Friday. Despite intra-day fall from 1.1988 (Asia) to 1.1911 in Europe on rally in U.S. yields, renewed usd's selling as gain in U.S. stocks boosted risk appetite and price later climbed back to 1.1961 near New York close.

Range trading is expected to continue with mild upside bias n break of last week's high at 1.1990 (Thursday) needed to extend further gain to 1.2030/35.
Order board is pretty thin on Monday with bids noted at 1.1940-30 and more below with stops below 1.1910 while some offer are tipped at 1.1980/90 with stops touted above 1.2000.

No eco. data is due out from the euro area countries. There is a Euro group meeting later today where ECB President Lagarde n ECB board member Panetta will participate in the meeting. Euro zone finance ministers are scheduled to meet at 14:00GMT . So keep an eye out for comments from ECB officials.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 16 Mar 2021 05:30GMT

USD/JPY - 109.15.. The pair moves narrowly but with a firm undertone in subdued Asian morning after hitting a fresh 9-month peak of 109.36 ahead of European open Mon due to gain in U.S. yields (benchmark 10-year hit
fresh 1-year high of 1.6740 near Friday close).

Despite intra-day pullback to 109.01 in Europe, price traded narrowly in New York session as market was on other G7 currencies. Expect consolidation in Europe before heading to 109.60/65, however, loss of upward momentum would cap price below daily res at 109.84.
Bids are noted at 109.05/108.95 with stops below 108.80 while offers are tipped at 109.35/40 with stops above 109.50.

The Fed starts its 2-day FOMC meeting today. On the data front, U.S. will release a slew of economic data, please refer to our EI page for details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 17 Mar 2021 05:30GMT

USD/JPY - 109.09.. Dlr pares Tuesday's decline n climbed in tandem with rising U.S. yields from 108.99 (AUS) to 109.16 in Asian trading. Despite yesterday's initial firmness and intra-day gain to 109.28 in Europe, active broad-based cross buying in yen due to retreat in US yields sent price sharply lower to 108.78 in New York morning, however, the pair quickly rebounded in tandem with US yields to 108.08.

As 109.16 has capped intra-day recovery, suggesting further choppy swings below Mon's 9-month peak at 109.36 would continue and below 108.78 bring stronger retracement of recent upmove to 108.50 but reckon 108.35 sup should contain weakness.
Offers are tipped at 1.1905/10 with some stops above 1.1920/25 while bids are noted at 1.1985/80 with stops below there.

All eyes are on FOMC announcement n then post-FOMC presser by Fed's J. Powell, many see dlr will be supported as Fed is in unlikely to act on recent rally in U.S. Treasury yields n mere comments by Powell without Fed action will not stem such rise.
U.S. will release some second-tier eco. data during New York morning, please refer to our EI page for details.

 

[AceTRaderForex]

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

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

USD/JPY - 109.06.. Despite initial brief break of overnight New York low of 108.75 to 108.70 in Australia on stop hunting, the pair quickly rebounded on short covering ahead of Tokyo open after Wednesday's selloff from 109.32 shortly after New York midday to session lows of 108.75 after Fed's surprise dovish hold.

Intra-day strong bounce to 109.12 signals 1st leg of correction has ended n expect range trading to continue until European open, as long as 109.28/32 holds, decline from Monday's 9-month peak at 109.36 to retrace recent upmove would head towards 108.50 but chart obj. at 108.35 should hold.
Offers are tipped at 109.10/15 n more above there with stops building above 109.40. Bids are noted at 108.80/70 with stops below there.

After Wednesday's key FOMC, U.S. will later release weekly jobless claims, continued jobless claims, Philly Fed mfg index n then leading index.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1908.. Although trading the single currency proved to be tricky yesterday as intra-day choppy swings initially ended with price rising to 1.1988 at European open, giving traders bullish expectation of a break of last week's 1.1990 high (Thursday) to 1.2030/35, the continued rally in US yields took the wind out of euro's sails and knocked the pair steadily lower to 1.1907 in New York afternoon.

Intra-day brief break of 1.1907 on renewed usd's broad-based strength suggests downside bias remains for re-test of this week's low at 1.1883 (Tuesday) where a break there would encourage for further weakness towards March's 3-month bottom at 1.1836 next week.
Offers are tipped at 1.1930/40 with stops above 1.1955 while some bids are noted at 1.1890-80 with stops below there.

Economic calendar in the euro area is pretty thin with Germany's PPI being the only data due out. We also have ECB Board member Panetta speaking about payment at 10:45GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 22 Mar 2021 05:30GMT

EUR/USD - 1.1887.. The single currency remains on the back foot in volatile trading on Monday despite staging a recovery from Friday's 1.1874 low to 1.1912 in New York session Friday. Price fell in thin New Zealand morning due to broad-based usd's strength on the back of a plunging Turkish lira vs usd n briefly weakened to 1.1873 before recovering to 1.1892 at Asian open on lack of follow-through selling.

Although intra-day recovery would bring range trading until European open, as last week's fall from 1.1988 (Thursday) to 1.1873 today suggests correction from March's 3-month bottom at 1.1836 has ended earlier at 1.1990, bearishness remains for re-test of said temporary low this week.
Order board is pretty thin with some offers tipped at 1.1995/05 with some stops above 1.1920 and some bids are touted at 1.1875/70 with stops below 1.1865.

The only data due out today is euro zone's current account, the German Bundesbank will publish its month report during European morning. We have a number of ECB board members scheduled to speak later today (please refer to our EI section for details).