AceTraderFx: Intra-Day Market Moving News and Views

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 26 Apr 2021 05:30GMT

USD/JPY - 107.75.. The pair remains on the back foot due to renewed broad-based usd's weakness in early Tokyo trading on Monday.

Having said that, as rebound fm Fri's fresh 6-week trough at 107.49 to as high as high 108.14 in tandem with U.S. yields suggests recent decline has possibly made a temp. low, choppy sideways swings are in store. \Offers are tipped at 107.95/00 with stops above 108.15 while some bids are noted at 107.70/60 with stops below 107.45.

U.S. will later release durable goods for Mar n then Dallas Fed mfg business index for Apr.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 27 Apr 2021 05:30GMT

USD/JPY - 108.33.. Dollar caught a bid at Tokyo open ahead of BOJ's monetary policy announcement as renewed Covid-19 concerns in Tokyo triggered broad-based yen selling.

Intra-day firm break of Monday's 108.19 high suggests recent decline has made a temporary low at Friday's 6-week trough at 107.49 and stops above 108.54/60 are now in focus, therefore, trading the greenback from long side is favoured.
Bids have been raised to 108.20-10 with stops below 107.90 while offers are tipped at 108.50/55.

BoJ is widely expected to stand pat on its monetary policy decision, however, market may pay attention to post-BOJ presser by Gov. Kuroda at 06:00GMT whether he'll continue with his dovish remarks.
Later, U.S. will release a slew of eco. data (please refer to our EI page for details).

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 28 Apr 2021 05:30GMT

USD/JPY - 108.83.. Dlr pares intra-day gain on profit taking after initial rise an 11-day high of 108.94, suggesting range trading is in store until European open.

As yesterday's impressive rise due to rally in U.S. yields suggests recent decline from March's 1-year peak at 110.96 has made a low earlier at 107.49 (Friday), buying the pair on dips is the way to go.
Bids are tipped at 108.70/65 with stops below 108.50 while offers are tipped at 108.95/00 with stops above 109.10.

U.S. will release a slew of eco. data but all eyes are on FOMC's monetary policy announcement at 18:00GMT n then Fed chief J. Powell's post-FOMC presser at 18:30GMT.
If he continues to downplay recent relatively high US yields and no hints of tapering, then usd will be sold.

 

[AceTRaderForex]

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

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

EUR/USD - 1.2137.. Euro pares intra-day gain in Asia on profit taking after initial break of Wed's post-FOMC high at 1.2134 to a fresh 8-week peak of 1.2149.

As yesterday's break of Monday's 1.2116 high (now sup) signals recent upmove has once again resumed, gain to 1.2170/80 can't be ruled out later today, however, near term loss of upward momentum should cap price at 1.2200 and risk has increased for a much-needed minor correction to occur.
Bids are noted at 1.2120/10 with some stop below 1.2100 while offers are tipped at 1.2150/60.

The euro area countries will release a slew of eco. data, please refer to our Economic Indicator page for details. ECB Vice President de Guindos n Elderson will speak at 07:30GMT and 09:00GMT respectively.

 

[AceTRaderForex]

AceTraderFx Apr 30:
Intra-Day News and Views & data to be released today – EUR/USD

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

EUR/USD - 1.2119.. Euro is in holding pattern after hitting a fresh 8-week peak of 1.2149 initially on Thursday and despite intra-day retreat to 1.2103 in NY morning on profit taking, subsequent rebound suggests mild upside remains for marginal gain b4 prospect of a much-needed correction of upmove from 1.1705 (Mar) due to loss of upward momentum.

In view of above analysis, intra-day players can buy euro for gain to 1.2160/70 while day traders can sell for retracement to 1.2100/05, a daily close below there would head back towards 1.2057 early next week.
Bids are noted at 1.2110/05 with stop below 1.2090 while offers are tipped at 1.2135/45 with stops above 1.2150.

The euro area countries will release a slew of eco. data, please refer to our EI page for details. pay attention to Germany's Q1 GDP, then the same from the EU, if the readings come in stronger than street forecast, then euro bulls will push the single currency higher.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 03 May 2021 05:30GMT

EUR/USD - 1.2022.. Euro remains on the defensive in holiday-thin Asian trading after Friday's selloff from 1.2127 (Asia) to as low as 1.2017 near New York close as upbeat U.S. data triggered broad-based short covering in the greenback.

Intra-day retreat after initial recovery to 1.2035 (New Zealand) suggests decline from Thur's fresh 8-week peak is en route towards chart obj. at 1.1994 where a daily close below there would pressure price towards 1.1948 later this week. Therefore, trading the single currency from short side is the way to go.
Order board is pretty thin on this Monday with some offers tipped at 1.2035/45 with stops above 1.2060 while bids are touted at 1.2015/05 with stops reported below 1.1990.

Today is PMI day in the euro area countries, Germany will kick off with retail sales, then Italy's Markit mfg PMI, the same from France, Germany n the EU. If actual readings in Germany n the EU come in weaker than street forecasts, then one can expect further euro selling in European morning.

 

[AceTRaderForex]

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

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

EUR/USD - 1.2050.. Despite staging a strong rebound from Monday's 10-day trough of 1.2014 (Europe) to as high as 1.2075 in New York morning due to usd's weakness caused by release of soft US ISM mfg PMI n falling U.S. yields, the single currency inches lower due to renewed broad-based usd buying in holiday-thin Asian morning.

As said rebound on Mon suggests 1st leg of correction from last Thursday's 8-week peak at 1.2149 has ended, consolidation is in store before prospect of another fall to next daily chart obj. at 1.1994, therefore, selling euro on intra-day recovery is still favoured.
Order board is pretty thin with some offers tipped at 1.2065/75 with stops above there while bids are noted at 1.2050/40 with stops below 1.2035.

Economic calendar is very light in the euro area countries with France's budget balance being the only data due out. We have ECB Board member de Galhau scheduled to speak at a European Investment Bank conference at 07:30GMT.

 

[AceTRaderForex]

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

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

USD/JPY - 109.23.. Dlr is in holding pattern after y'day's sideways swings following early retreat fm Mon's near 3-week peak of 109.69 to 108.90 n intra-day narrow move is expected to continue as markets in Japan n China are still closed (both will re-open Thur).

Although intra-day broad-based usd's retreat in Asia may weigh on the pair, as long as Mon's reaction low at 108.90 holds, price is en route to daily chart obj. at 109.95 once present consolidation is over. Order board is pretty ligh with bids touted at 109.05/108.95 with stops below 108.90 while offers are tipped at 109.45/55 with stops abv 109.70.

U.S. will release a slew of eco. data in NY morning session, pay attention to ADP private payrolls, then Markit services PMI n later ISM non-mfg PMI. We also have a number of Fed officials schedued to speak in NY session (pls refer to our EI page for details).

 

[AceTRaderForex]

AceTraderFx May 06: Intra-Day News and Views & data to be released today –USD/JPY

Intra-Day Market Moving News and Views
Update Time: 06 May 2021 05:30GMT

USD/JPY - 109.36.. Although markets in Japan and China have reopened after 3 days of market holidays, the pair continues to move narrowly, suggesting the daily sideways swings see in last 2 days following early retreat from 109.69 to 108.90 would continue.

Having said that, as dlr's recent rise from April's 6-week trough at 107.49 to 109.69 signals recent decline has ended, upside bias remains for price to head towards next daily chart obj. at 109.95 once current consolidation is over.
Bids are noted at 109.15/05 with stops below 108.90 and offers are tipped at 109.45/55 with stops above 109.70.

U.S. will release a slew of eco. data later today, please refer to our EI page for details and pay attention to weekly jobless claims n continued jobless claims at 12:30GMT as a gauge of latest employment situation.

 

[AceTRaderForex]

AceTraderFx May 07: Intra-Day News and Views & data to be released today –USD/JPY

Intra-Day Market Moving News and Views
Update Time: 07 May 2021 05:30GMT

USD/JPY - 109.12.. Despite initial brief break of o/n New York low at 109.01 to 108.94 on stop hunting, renewed buying above this week's low at 108.90 quickly lifted the pair to 109.18, suggesting the choppy swings inside Monday's 109.69-108.90 broad range would continue, a least, until release of monthly blockbuster U.S. NFP data.

As market is anticipating a robust U.S. jobs report, trading from long side into the figure is still recommended.

Bids are noted at 108.95/90 with stop touted below 108.85 while offers are tipped at 109.35/45 with stop above 109.70 n a mixture of stops n option defence are reported at 110.00/05.

U.S. will release a slew of eco. data later today (please refer to our EI page for details) but all eyes are on NFP and unemployment rate.

 

[AceTRaderForex]

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

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

USD/JPY - 108.86.. Despite Friday's selloff from 109.28 to as low as 108.35 after U.S. payrolls missed market forecast by the most on record, price recovered on intra-day rebound in U.S. yields n the pair climbed steadily in Asian morning as benchmark 10-year U.S. yields rose above Friday's 1.584% high to 1.6000% in Asian trading.

Expect further sideways swings to continue n as long as 108.90 (last Mon's low, now res) holds, downside bias remains for decline from April's 109.69 high to head to 108.05/10 but reckon 107.90/95 would contain weakness. Order book is fairly thin with offers are tipped at 108.85/90 with stops above109.00.
Bids are tipped at 108.45/35 with stops reported below there.

After Friday's release of blockbuster jobs data, no eco. indicators are due out today.
We have Chicago Fed President Evans (FOMC voter) scheduled to speak at 12:30 and then 18:00GMT.

 

[AceTRaderForex]

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

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

USD/JPY - 108.91.. Dlr trades narrowly with a firm bias after yesterday's initial gain from 108.47 (AUS) to 109.05 in Europe. Despite retreat to 108.66, price inched higher in tandem with U.S. yields.

Expect range trading to continue in Europe n as long as said Mon's 109.05 high holds, consolidation with downside bias remains for weakness towards Friday's 9-wday trough of 108.35 but loss of momentum should limit downside to 108.08/10.
Offers are tipped at 108.95/00 with stops reported above 109.10 while bids are tipped at 108.65/55 with stops below 108.45, more stops are touted below 108.30.

On the data front, U.S. will release some second-tier eco. indicators, however, we have 5 Fed officials schedule to speak later today, please refer to our EI page for details.
Canada leading index, U.S. redbook, JOLTS job openings.

 

[AceTRaderForex]

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

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

EUR/USD - 1.2131.. The single currency remains on the back foot in Asian morning after intra-day break of NY low at 1.2146 to 1.2132 due to broad-based usd's strength.

Although euro's retreat from Tuesday's fresh 10-week peak of 1.2181 signals recent upmove has made a temporary top and consolidation with near term downside bias is seen, as long as 1.2124 (Tuesday's low in New York) holds, prospect of another rise remains, loss of momentum would limit upside to 1.2210/15.
Bids are noted at 1.2130/25 with stops below 1.2120 n more stops are touted below 1.2100. Offers are tipped at 1.2160/70 and more above with stops above 1.2185.

On the eco. front, the euro area countries will release of inflation plus other data, please refer to our Economic Indicators page for details. ECB member Enria will speak at an economic forum at 08:55GMT.

 

[AceTRaderForex]

AceTraderFx May 13: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 13 May 2021 05:30GMT

EUR/USD - 1.2080.. The single currency is nuring loss after y'day's selloff in NY. Euro swung wildly in hectic NY trading as despite intra-day fall fm 1.2144 in Europe to 1.2071 in NY morning after upbeat US CPI data, price briefly jumped back to 1.2152 b4 tanking to 1.2066 near NY midday as decline in U.S. stocks (bencmark S&P 500 closed down 2.15% at 4,062) prompted broad-based safe-haven usd's buying.

As euro's fall from Tue's fresh 10-week peak of 1.2181 to 1.2066 suggests recent upmove fm 1.1705 (Wed) has made a temp. top, downside bias remains for weakness twd 1.1999 (38.2% r) after consolidation, therefore, selling euro on recovery is the way to go. Offers are tipped at 1.2085/95 with stops abv 1.2115 while bids (profit taking) are touted at 1.2060/55 with stops below 1.2045.

No econmic data is due out from the euro area countries as many European markets are closed for Ascesion Day market holiday, therefore, euro may probably move narrowly until NY morning.

 

[AceTRaderForex]

AceTraderFx May 14: Intra-Day News and Views & data to be released today – EUR/USD

Intra-Day Market Moving News and Views
Update Time: 14 May 2021 05:30GMT

EUR/USD - 1.2083.. Euro is in holding pattern after extending decline from Tuesday's fresh 10-week high of 1.2181 to a 6-day low of 1.2052 (Europe), however, intra-day retreat on U.S. yields (benchmark 10-year hit fresh 1-month high of 1.707%, circa 1.657%) on broad-based rebound in U.S. stocks triggered short covering n the pair rebounded to 1.2099 in New York morning b4 moving sideways.

Although recovery from 1.2052 suggests temporary low is in place and further sideways swings are likely to continue in European morning, outlook remains bearish for weakness to 1.2015/20, loss of downward momentum should keep price above 1.1987 (May low).
Offers are tipped at 1.2095/05 with stops reported above 1.215 while some bids are noted at 1.2065/55 with stops below 1.2050.

After Thursday's closure of many European centre for market holiday, trading in Europe will be back to normality, however, no eco. data is due out from the euro area countries. Having said that, pay attention to release of minutes last ECB's meeting at 11:30GMT as dovish minutes will spark another round of euro selling.

 

[AceTRaderForex]

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

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

EUR/USD - 1.2132.. Euro pares initial marginal gain above Friday's 1.2147 (New York) high to 1.2151 just ahead of Asian open on profit taking and slipped back to 1.2130.
As early strong rebound from 1.2052 (Thursday) signals correction from Tuesday's fresh 10-week high at 1.2181 has possibly ended, consolidation is seen and above 1.2151/52 would bode well for the single currency to head back towards 1.2181, break would extend recent upmove to 1.2200/10.

Therefore, buying euro on pullback for re-test of 1.2181 is favoured.
Order board is pretty thin in Asia on Mon with offers tipped at 1.2150/55 n more above with stops above 1.2185 while bids are noted at 1.2130/20 with stops below 1.2100.

The only eco. data due out is Italy's CPI n Bubs monthly report.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 18 May 2021 05:30GM

EUR/USD - 1.2163.. Euro caught a small bid in Asian morning due to renewed usd's weakness n briefly penetrated Monday's 1.2168 high (Europe) to 1.2169, however, lack of follow-through buying triggered profit taking.

Outlook remains supportive for re-test of last Tuesday's fresh 10-week peak of 1.2181 after consolidation, however, loss of momentum is likely to limit upside to 1.2200/10 and reckon daily pivotal res at 1.2242 (Feb) should hold.
Bids are noted at 1.2150/45 n more below with stops below 1.2125 while offers are tipped at 1.2175/80 with stops above 1.2185. more stops are touted above 1.2200.

We have data dump in the euro area countries (pls refer to our EI page for details) n pay particular attention to EU Q1 GDP, a stronger-than-expected market forecast would give euro bulls reason to buy the single currency.
We have EU financial ministers' meetng n ECB President Lagarde will speak at an educational forum at 14:00GMT.

 

[AceTRaderForex]

AceTraderFx May 20: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 20 May 2021 05:30GM

USD/JPY - 109.15.. Dlr pares overnight gain in NY session due to broad-based rebound in usd on the back of rally in U.S. yields (benchmark 10-year rose from 1.6199% to 1.6916%, circa 1.6608%) following release of hawkish Fed minutes which revealed several Fed officials were mulling changes to monetary policy (tapering) based on a continued strong economic recovery at last FOMC meeting.

Although intra-day pullback from 109.30 ahead of Tokyo open would bring range trading, as rally from 108.58 to 109.29 in New York session suggests recent correction from May's 1-month peak at 109.78 has ended, upside bias remains, above Wednesday's 109.33 would encourage for gain to 109.50, then re-test of said res.
Bids are noted at 109.10-00 with some stops reported below 108.80 while offers are tipped at 109.30/35 with stop above there.

On the data front, U.S. will release weekly jobless claims, continued jobless claims, Philly Fed mfg index and leading index change. Dallas Fed President Kapan (non-voter) will participate in a forum at 14:30GMT.
A lower-than-expected jobless claims would spur renewed buying in the greenback.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 21 May 2021 05:30GM

USD/JPY - 108.87... Although dollar staged a strong rebound from Wednesday's 108.58 low to 109.30 in Australia yesterday on hawkish Fed minutes, renewed selling emerged and price later fell to 108.76 in New York due to drop in U.S. Treasury yields before recovering to 108.89 at Asian open today.

Yesterday's fall from 109.30 to 108.76 suggests recovery from 108.58 has ended and decline from May's 1-month peak at 109.78 would extend marginally, however, near term loss of momentum should keep price above 108.35/36 and yield another bounce later.
Offers are tipped at 109.00/10 with stops above 109.30 while bids are noted at 108.40-35 with stops below there.

On the calendar front, U.S. will release Markit manufacturing and services PMI at 13:45 GMT, followed by existing home sales at 14:00 GMT. We also have a few Fed officials scheduled to speak in New York session, please refer to our EI page for more details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 24 May 2021 05:30GMT

USD/JPY - 108.93.. The pair maintains a steady to firm undertone in subdued Asian morning Monday after staging a rebound from 108.62 (Europe) to 109.00 in New York session on Fri due to broad-based usd's gain after upbeat U.S. PMI data.

As dlr's said rebound suggests further choppy trading above last week's low at 108.58 (Wednesday) would continue with upside bias, above 109.00 would yield gain to 109.30 (reaction high), break would encourage for further headway to 109.50/60.
Order board is fairly thin with bids noted at 108.85-75 n more below there with stops below 108.55 while offers are tipped at 109.00/05 with stops above there.

BOJ Gov. Kuroda will speak at a conference in Tokyo at 11:05GMT later.
No U.S. eco. data is due out today, however, we have a number of Fed officials scheduled to speak in New York session, pls refer to our EI page for details.