AceTraderFx: Intra-Day Market Moving News and Views

[AceTRaderForex]

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

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

EUR/USD - 1.1796.. The single currency is in holding pattern n despite continuing its recent losing streak n falling marginally below Tuesday's 1.1756 low to 1.1753 in European morning, traders were unwilling to sell the euro aggressive ahead of today's key ECB monetary policy meeting announcement n forward guidance, price later rebounded to 1.1804 due to broad-based usd and yen weakness in New York session.

Consolidation is expected with mild upside bias for more short-covering gain, however, recon res at 1.1850 would cap upside and yield another fall towards 2021 bottom at 1.1705, possibly on ECB's dovish hold.
Bids are noted at 1.1770-60 with some stops below 1.1750 while offers are tipped at 1.1800/05 with stops above 1.1825.

Ahead of ECB announcement at 11:45GMT and then ECB President Lagarde's post-ECB press conference, we have France's business climate n later at 14:00GMT EU's consumer confidence.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 23 July 2021 05:30GMT

USD/JPY - 110.24.. Dlr inches higher in subdued Asian morning after swinging sideways in directionless Thursday's session. Japanese markets are closed today following yesterday's holiday for an extra holiday to celebrate the opening of the Olympics , suggesting further range trading is in store until European open.

As this week's strong rise from 109.07 (Mon's 7-week low) in tandem with US yields to 110.38 Wed suggests recent decline has ended, consolidation with upside bias remains for said upmove to head to 110.69, then 110.81.
Order board is fairly light with bids noted at 110.10/00 with stops below 109.80 while offers are tipped at 110.30/40 with stops touted above there.

T.G.I.F., although U.S. eco. calendar is light, pay attention to Markit mfg n services PMIs at 13:45GMT, if actual readings beat forecast, then usd will move higher.

 

[AceTRaderForex]

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

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

USD/JPY - 110.35.. Dlr falls in Tokyo morning on broad-based yen buying in tandem with U.S. yields after hitting a 9-day high of 110.59 at New York open on Friday, suggesting range trading is in store.

As upmove from last Monday's 7-week trough at 109.07 signals recent decline from July's 15-month peak at 111.65 has ended, upside bias remains for further headway to next daily chart obj. at 110.69, above would encourage for subsequent headway towards 111.11. Japanese financial markets return after an extended closure since last Thursday, order board is fairly then with offers tipped at 110.55/60 with stops above 110.70. Bids are noted at 110.30-20 n more below with stops touted below 110.00.

Market's main focus this week is Wednesday's U.S. FOMC announcement, today, we have U.S. building permits, new home sales and Dallas Fed mfg business index.

 

[AceTRaderForex]

AceTraderFx July 27: Intra-Day News and Views & data to be released today - EUR/USD

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

EUR/USD - 1.1803.. Euro moves narrowly in quiet Asian morning after y'day's intra-day relatively strg rise fm 1.1764 (Asia) to 1.1817 in NY.

Although euro moved initially sideways in Asia on Mon, buying interest at 1.1764 lifted price n euro climbed to 1.1800 in early European trading. Despite intra-day brief drop to 1.1768 on downbeat German Ifo data, buyers emerged n pushed price to 1.1800. The pair later caught a bid in NY at 1.1780 n hit session highs of 1.1817 due to broad-based usd's weakness. Expect choppy sideways swings to continue in Europe, bids are noted at 1.1800-1.1790 with some stops touted below 1.1780 while offers are tipped at 1.1815/25 with stops reported above 1.1830.

Eco. data is pretty thin today with Italy's trade balance being the only data due out.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1823.. Euro pares Tue's gain n inched lower initially to 1.1813 in Asia morning. Despite y'day's initial fall from 1.1812 at Asian open to 1.1771 on cross-selling in euro, the single currency caught a bid at NY open n rallied to 1.1841 in New York on broad-based short covering.

Although Tue's brief break of last week's 1.1830 top to an 11-day peak of 1.1841 suggests recent decline has made a temp. low at last Wed's fresh 3-1/2 month trough of 1.1753, a daily close above 1.1850 res needed to bring stronger correction to 1.1880/90 (Fed's dovish hold perhaps). On the downside, below 1.1800/02 would be 1st signal retracement is over n head back to 1.1771, then 1.1753.
Offers are tipped at 1.1730/40 with stops above 1.1850 while bids are tipped at 1.1810/00 with some stops below there.

Ahead of the key FOMC announcement, we have a slew of European data due out in European morning, pls refer to our EI page for details n pay attention to germany's Gfk consumer sentiment at European open.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1854.. The single currency continued o/n strong gain in post-FOMC New York n easily penetrated Wednesday's 1.1849 top to a 2-week high of 1.1857 in Asian morning due to renewed usd's weakness.

As Wednesday's close above 1.1830 (last week's high) following dovish comments by Fed's J. Powell in post-FOMC press conference confirms recent decline has made a low at last Wednesday's 3-1/2 month trough at 1.1753, outlook remains supportive for gain to next daily objectives at 1.1875 and 1.1894 respectively.
Bids are noted at 1.1840-30 and more below with stops below 1.1800 while offers are tipped at 1.1860/70 with stops above 1.1880.

The euro area countries will release a slew of eco. data (refer to EI page for details), pay attention to EU's business climate n economic sentiment data.

 

[AceTRaderForex]

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

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

USD/JPY - 109.49.. Although dlr continued this week's decline from 110.58 (Monday) n briefly penetrated Thursday's 109.43 low (New York) to a 9-day trough of 109.37 at Asian open due to renewed yen buying on intra-day fall in U.S. yields, buying interest lifted price to 109.59, suggesting range trading is in store until European open.

As dlr's decline from last Friday's 110.59 high to 109.37 suggests early upmove from July's 7-week trough at 109.07 has ended, re-test of this sup is envisaged, break would extend erratic fall from 111.65 (July peak) towards 108.57 later next week.
Offers are tipped at 109.60/70 n more above with stops above 109.95 while bids are noted at 109.40-35 with stops below there, more stops are touted below 109.00.

T.G.I.F. after a tumultuous week, however, European n N. American traders are waiting for a slew of U.S. data later today (refer to our EI page for details) and focus is on U.S. OCE index (Fed's faourite inflation guage), however, as Fed chief J. Powells has continued to say recent rising inflaton rate is "transitory", a higher reading may not offer lasting suport to the usd. We also have St. Louis Fed President Bullard (non-voter) speaking at 13:00GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 02 Aug 2021 05:30GMT

USD/JPY - 109.67.. Dlr moves narrowly on the first trading day of Aug in subdued Asian morning following a rebound from Friday's 9-day trough of 109.37 (Asia) to 109.83 in New York following release of a slew of mildly upbeat U.S. data.

While Friday's bounce suggests further choppy swings above July's 7-week trough at 109.07 would continue, above 109.83 would encourage for further subsequent headway towards 110.28.
Bids are noted at 109.60-50 with stops below 109.30 while offers are tipped at 109.85/90 with stops touted above there.

U.S. will later release Markit mfg PMI, then construction spending n ISM mfg PMI, if PMI data beat market forecasts, then usd will extend Friday's gain.

 

[AceTRaderForex]

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

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

USD/JPY - 109.23.. Dlr remains on the back foot in subdued Asian trading following selloff on Monday from 109.77 (Asia) to as low as 109.19 in New York morning as selloff in U.S. yields triggered broad-based yen buying.

As Monday's weakness suggests re-test of July's 7-week trough at 109.07 would be seen after consolidation, break would extend decline from July's 111.65 peak to 108.80/90, reckon daily sup at 108.57 should remain intact.
Offers are tipped at 109.35/40 with stops above 109.60.
Bids are noted at 109.20-10 with stops touted below 109.00.

On the data front, U.S. will release redbook sales, factory orders n then durable goods order. U.S. Fed Governor Bowman is scheduled to speak at a virtual research seminar at 18:00GMT.

 

[AceTRaderForex]

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

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

USD/JPY - 109.05.. Dlr swung broadly sideways in choppy Asian trading after tumbling on Tuesday to a 2-month trough of 108.88 in New York morning, weighed down by decline in U.S. yields n active cross-buying of yen in New York session.

As 109.15 (New York high) has capped intra-day recovery, outlook remains bearish for July's 15-month peak at 111.65 to head to next daily chart targets at 108.57, then 108.35 after consolidation.
Offers are tipped at 109.10/15 with stops above 109.20 while bids are noted at 108.95-90 with stops below 108.85.

On the data front, pay attention to U.S. ADP private payrolls, U.S. later will release Markit services PMI n ISM non-mfg PMI.
We also have Fed's Clarida and Dalls Fed President Kaplan (non-voter) scheduled to speak at 14:00GMT n 18:00GMT respectively.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1833.. Euro remains under pressure in Asia following Wednesday's selloff from 1.1899 to 1.1834 in New York morning on broad-based usd's rally as despite intra-day jump to 1.1899 after downbeat U.S. ADP private payrolls, release of robust US ISM non-mfg index which hit a record high n then Fed Clarida's hawkish comments caught the market wrong footed n triggered a ferocious broad-based short covering rally in the greenback.

As Wednesday's renewed usd's strength continues to weigh of the single currency, a daily close below 1.1800 handle would strongly suggest correction from July's 3-1/2 month bottom at 1.1753 has ended at 1.1909 last Friday n yield further weakness to 1.1771/73.
Offers are tipped at 1.1840/50 n more above with stops reported above 1.1900.
Some bids are noted at 1.1835/30 with some stops below there, more stops are touted below 1.1800.

On the data front, we have German industrial orders, France's industrial output n EU's economic bulletin.

 

[AceTRaderForex]

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

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

USD/JPY - 109.87.. The pair continues its near term winning streak and climbed to a 1-week high of 109.88 as the greenback caught a light bid at Asian open on the back of intra-day gain in U.S. bids, upside bias remains for upmove from Wednesday's 9-week trough at 108.73 to head to 110.00 handle where a break there would encourage for subsequent headway towards 110.28.

Bids have been raised to 109.75-65 with stops below 109.40 while offers are tipped at 109.90/00 with stops abv 110.00.
While rise from 108.73 suggests recent fall from Jul's 15-month peak at 111.65 has made a low, price is en route towards 110.53 (61.8% r) especially if tonight's blockbuster U.S. NFP number is upbeat and market is also forecasting a drop in unemployment rate.

 

[AceTRaderForex]

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

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

USD/JPY - 110.21.. Despite Fri's rally to a 10-day high of 110.35 in New York as stronger-than-expected U.S. payrolls n drop in U.S. unemployment rate triggered speculation that the Federal Reserve may act sooner rather than later in tightening its monetary policy, the pair moved sideways in relatively subdued Asian morning as market focus is on other G7 currencies.

As dlr's impressive gain from last Wed's 9-week bottom at 108.73 to as high as 110.35 signals correction from July's 15-month peak at 111.65 has ended, bullishness remains for further headway towards 110.81, Friday's sharp rise in U.S. yields supports this bullish notion.
Bids are noted at 110.20/10 with some stops below 110.00 while offers are tipped at 110.30/40 with some stops touted above there.

After Fri's blockbuster U.S. jobs report, U.S. will release 2nd-tier JOLTS job openings. We have Atlanta President Bostic speaking at a virtual event at 14:10GMT, then Richmond Fed President Barkin will speak at a business luncheon at 15:30GMT.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1736.. The single currency languishes near intra-day fresh 4-month low of 1.1733 in Asian morning. Although price staged a short-covering rebound from 1.1743 (AUS) to intra-day day high of 1.1768 in New York morning, price tumbled on renewed usd's broad-based strength following upbeat US JOLTS jobs openings n hit 1.1736.

The lack of a rebound in Asia suggests market is eager to test euro's downside n all eyes are on 2021 bottom at 1.1705 (March), there is market chatter of large stops building up below 1.1700.
Offers have been lowered to 1.1750/60 with stops above 1.1770 while bids are noted at 1.1725/15 n more below with option defence at 1.1700 n stops touted below there.

The euro area countries will release a slew of eco. data, pay attention to Germany's ZEW eco. sentiment, ZEW current conditions n then EU's ZEW survey expectations, all at 09:00GMT.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1725.. The single currency trades narrowly in subdued Asian morning after slumping to a fresh 4-month trough of 1.1710 in New York on Tuesday due to continued usd's strength together with rise in U.S. yields and consolidation is expected to continue until European open.

As yesterday's resumption of recent downtrend signals re-test of 2021 bottom at 1.1705 (March) would be forthcoming next, a daily close below there would bode ill for the euro and yield further weakness to projected target at 1.1653, then towards next daily chart obj. at 1.1603.
Offers are tipped at 1.1735-45 and more above with stops touted above 1.1770 while bids are noted at 1.1705-10 with a mixture bids and stops below 1.1700.

Ahead of key U.S. CPI, Germany and Italy will also release this inflation data in European morning (please refer to our EI page for details).

 

[AceTRaderForex]

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

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

EUR/USD - 1.1741.. The single currency finally snapped its recent losing streak after hitting a fresh 4-month low at 1.1707 in European morning but option defence n profit taking bids above 2021 bottom at 1.1705 fended off euro bears. Price jumped from 1.1714 to 1.1749 after in-line U.S. CPI due to broad-based usd's weakness, then later to session highs of 1.1753 before easing.

While Wed's rebound signals recent decline has made a temp. low n range trading would continue in European morning, outlook remains mildly bearish for test of 1.1700/05 where stops are reported below there.
Offers are tipped at 1.1750/60 with stops above 1.1770 while bids are noted at 1.1730-20.

Eco. calendar in the euro area countries is pretty light with Italy's trade data n EU's industrial production being the only data due out at 08:00GMT and 09:00GMT respectively.

 

[AceTRaderForex]

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

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

USD/JPY - 110.40.. Dlr moves narrowly in subdued Asian morning on Friday after trading sideways in directionless Thursday's session, suggesting further sideways swings would continue.

As retreat from Wednesday's 1-month high at 110.79 to 110.32 suggests recent upmove has made a temp. top, consolidation is expected to continue, below 110.32 would bring stronger retracement to 110.10/15 but reckon sup at 110.03 (this week's low on Mon) should hold.
Offers are tipped at 110.50/60 with stops above 110.80 while bids are noted at 110.35/30 and more below with stops reported below 110.00.

T.G.I.F., U.S. will release a slew of eco. data (please refer to our EI page for details), pay attention to University of Michigan consumer confidence, a higher-than-expected reading (forecast is 81.2 vs prev. 81.2) may give the greenback a lift.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1799.. Euro maintains a firm bias in relatively subdued Asian morning following Friday's rally in New York session to a near 1-week high of 1.0804 due to broad-based usd's weakness on the back of a surprise sharp drop in U.S. consumer confidence.

As Friday's rally above 1.1768 (Monday high, now sup) signals recent downtrend has made a temp. low at Wednesday's fresh 4-month bottom at 1.1707, consolidation with upside bias remains for a long-overdue correction towards 1.1829, break may extend towards 1.1857 later.
Order board is pretty thin on Monday, some bids are noted at 1.1790-80 with some stops touted below 1.1770 while some offers are tipped at 1.1820/30 with stops above there.

There is no eco. data due out from the euro area countries today.
We have Germany's Bundesbank monthly report which will be released some time in European morning.

 

[AceTRaderForex]

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

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

USD/JPY - 109.26.. Dlr is nursing loss in subdued Asian morning after Monday's selloff from 109.75 (NZ) to an 11-day trough of 109.12 in New York morning in tandem with decline in U.S. yields as well as active safe-haven yen buying due to latest geopolitical tensions in Afghanistan.

As decline from last week's high at 110.79 (Wednesday) to 109.12 signals early correction from August's 9-week trough at 108.73 has ended, downside bias remains for re-test of this sup where a break there would pressure price towards next daily obj. at 108.35.
Therefore, selling the pair on recovery is favoured, offers are tipped at 109.45/55 with stops touted above 109.75 while bids are noted at 109.15/05 with tops below 109.00 and more stops are reported below 108.70.

U.S. will release a slew of eco. data, pleases refer to our EI page for details n pay attention to retail sales and industrial production, weaker-than-expected reading would trigger further usd selling. Fed's Chair J. Powell n Minneapolis Fed President Kashkari (non-voter) will speak later today.
As J. Powell will discuss the work of the Federal Reserve and economic education before virtual town hall meeting with educators and students, traders do not expect him to mention Fed's policy, hence muted market reaction.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1719.. The single currency inches higher in Asian morning after initial marginal weakness below previous 2021 bottom at 1.1705 (March) to a 10-month trough of 1.1703 on stop selling but lack of follow-through selling quickly lifted the pair.

Although intra-day recovery would bring consolidation in European morning, as the path of least resistance for the euro is down, market will test 1.1700 handle where a mixture of bids n stops are touted below there.
Offers are tipped at 1.1725/35 and more above with stops above 1.1755.

Ahead of market-moving U.S. CPI at 12:30GMT, the euro zone will release EU's core HICP and HICP at 09:00GMT.