AceTraderFx: Intra-Day Market Moving News and Views

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 20 Oct2021 05:30GMT

EUR/USD - 1.1639.. Euro pares Tue's rally in subdued Asian morning after retreating fm a near 3-week high of 1.1669 (Europe) to 1.1630 as rally in U.S. yields in NY session helped usd to stage a broad-based rebound.

As intra-day marginal weakness to 1.1628 shortly after Asian open suggests corrective rise from Oct's 14-month trough at 1.1525 has made a temp. top, consolidation with downside bias is in store, below 1.1620/24 would yield weakness to 1.1572.
Offers are tipped at 1.1645/55 with stops abv 1.1670 n bids are noted at 1.1630/20 with stops below 1.1600.

On the data front, Germany will kick off with producer prices, then EU's current account n HICP.
We have a number of ECB officials scheduled to speak in European morning, pls refer to our EI page for details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 21 Oct 2021 05:30GMT

EUR/USD - 1.1665.. Euro remains on the front foot due to continued usd's broad-based weakness in Asia, suggesting price would penetrate Tue's near 3-week high at 1.1669 and extend near term upmove from Oct's fresh 14-month bottom at 1.1525 to 1.1700/05, however, loss of upward momentum should cap price below res at 1.1755.

Expect minor consolidation head of European open before prospect of such a move, bids have been raised to 1.1650-40 n more below with stops below 1.1615.
Offers are tipped at 1.1665/70 with some stops above there n more stops are touted above 1.1700.

On the data front, we have France's business climate and then Italy's industrial sales.
There is a European Council meeting today n ECB member Holzmann will speak at a forum at 08:00GMT.

 

[AceTRaderForex]

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

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

USD/JPY - 110.04.. Despite extending rebound from Thursday's 113.66 low in New York after meeting renewed buying ahead of Tokyo open at 113.82 to 114.20, dlr retreats in tandem with U.S. yields (benchmark 10-year hit a 5-month high of 1.7064%, circa 1.6869%) on profit taking, suggesting range trading is in store ahead of European open.

As dlr's said bounce from 113.66 indicates pullback from Wednesday's fresh 3-year peak at 114.69 has possibly ended, consolidation with upside bias remains, above 114.20/30 would encourage for re-test of 114.69 later today or Monday esp if U.S. PMI data is upbeat.
Bids are noted at 114.00-113.90 with stops below 113.65 while offers are tipped at 114.20/30 with some stops touted above there.

On the data front, U.S. will release Markit mfg n services PMIs n then Federal budget. We also have a number of Fed officials scheduled to speak in New York morning, please refer to our EI page for details and pay attention to speech by Fed chief J. Powell where he will participate a BIS conference at 15:00GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 25 Oct 2021 05:30GMT

USD/JPY - 113.74.. Dlr pares Fri's decline n ratcheted higher from New York 1-week trough of 113.42 to 113.82 in Tokyo morning as a bout of yen-selling lifted price, suggesting consolidation is in store.

As erratic fall from Wednesday's fresh 3-year peak at 114.69 to 113.42 signals recent uptrend has made a temporary bottom, strong gain is not envisaged n as long as Friday's 114.20 top holds, another fall can't be ruled out, below 113.42 would extend weakness towards 113.22 but 113.01 should hold.
Bids are noted at 113.50/40 with stops below there while offer are tipped at 113.80/90 with some stops above 114.00.

U.S. eco. data is pretty light today with Dallas Fed mfg index being the only data due out at 14:30GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 26 Oct2021 05:30GMT

EUR/USD - 1.1601.. Euro is nursing losses in subdued Asian morning after Mon's decline from 1.1664 (Asia), intra-day fall accelerated in European trading after soft German Ifo data n then downbeat Bundesbank monthly report which forecast German growth to slow sharply in final months of 2021, the single currency later tumbled to a 6-day low of 1.1591 shortly after New York open n staged a modest bounce to 1.1616 on short covering.

As Monday's selloff below previous 1.1617 sup to 1.1591 signals recent corrective rise from October's 14-month trough at 1.1525 has ended last week at 1.1669 (Tuesday), downside bias remains for weakness to 1.1580 (61.8% r), break would add credence to this view and yield weakness towards 1.1525 ahead of Thursday's ECB meeting where market is anticipating a dovish hold by the ECB.
Offers are tipped at 1.1610/20 and more above while some bids are noted at 1.1595/90 with stops below there, more stops are touted below 1.1570.

There is no economic data from the euro area countries, we have ECB member Villeroy speaking in European session.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1599.. Euro orbits the 1.1600 handle in subdued Asian morning after a roller-coaster Tue's session. Despite weakness to 1.1595 in early European trading, failure to penetrate Mon's 1.1591 low n intra-day rally in cable lifted price to 1.1625 but price later fell as the greenback regained traction in NY morning after upbeat U.S. data n knocked the single currency to session lows of 1.1586.

As euro's erratic fall from last Tue's 1.1669 high to 1.1586 strongly suggests correction from Oct's fresh1 4-month bottom at 1.1525 has ended, consolidation with downside bias remains ahead of Thur's ECB monetary meeting and market is expecting another dovish hold by ECB.
Offers are tipped at 1.1500/05 with stops reported abv 1.1625 while bids are noted at 1.1590-85 with stops reported below 1.1570.

The euro area countries will release a slew of eco. data, pls refer to our EI page for details. Pay attention to Gfk consumer sentiment, a downbeat reading would trigger another round of euro selling.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1608.. The single currency is in holding mode as despite y'day's intra-day brief break of Tue's 1.1586 low to an 8-day trough of 1.1585, price swiftly rebounded on short covering due to lack of follow-through buying n partly on usd's weakness due to selloff in U.S. yields, however, price then retreated back to 1.1588 in NY morning.

Further sideways swings are expected as traders are keeping their powder dry ahead of ECB's announcement n then post-ECB presser by ECB president Lagarde, a dovish hold n dovish forward guidance would trigger renewed broad-based euro selling. Offers are tipped at 1.1615/25 with some stops abv there n more stops are buidling abv 1.1670. Bids are noted at 1.1585-80 with some stops below 1.1570.

The euro area countries will release a slew of eco. data ahead of ECB rate decision, pls refer to our EI page for details. Pay attention to EU's bus. climate, eco. sentiment n consumer confidence at 09:00GMT, if these readings come in weaker than forecast, euro may come under renewed selling.

 

[AceTRaderForex]

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

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

USD/JPY - 113.56.. Dlr swung in choppy fashion in Asian morning after hitting a near 2-week trough of 113.26 in New York morning Thursday on the back of downbeat U.S. GDP report, however, rebound in U.S. yields and active cross-selling in yen lifted price to 113.59 near New York close and the pair climbed to 113.71 shortly after Tokyo open before retreating briefly to 113.40 or intra-day unwinding in short yen positions.

As long as 113.71/74 res holds, consolidation with downside bias remains and below 113.22/26 sup would extend decline from October's 114.69 peak to 113.01, then 112.70/75 later today or Friday.
Offers are tipped at 113.60/70 with stops above 113.75 n more above 113.90 while bids are noted at 113.40-30 with stops below 113.20.

T.G.I. F. after a choppy week, however, U.S. will release a slew of eco. data (please refer to our EI page for details) on this last trading day of October and market volatility is expected.
Pay attention to PCE price index, Chicago PMI n University of Michigan consumer confidence, if actual readings of the two latter data come in weaker than street forecast, then the greenback would come under renewed selling

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 01 Nov 2021 05:30GMT

USD/JPY - 114.14.. Although the pair caught a bid at Mon open in New Zealand as w/end news of majority win in Sunday's parliamentary election by ruling LDP boosted risk appetite (yen selling) n pushed dlr above Friday's 114.09 (New York) high to 114.25 just ahead of Tokyo open, however, profit taking (yen buying) quickly emerged and pushed price back down to 114.03.

As dlr's strong rebound from last week's low at 113.26 to 114.25 suggests correction from Oct's 3-year peak at 114.69 has ended, buying dlr on dips is the way to go.
Bids are noted at 114.00-113.80 with stops touted below 113.70 whole offers are tipped at 114.25/35 with stops above 114.45.

On the data front, U.S. will release Markit mfg, ISM mfg PMI n construction spending.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1599.. Euro pared Monday's surprised gain n eased to 1.1596 in early Asian trading after yesterday's stronger-than-expected rebound from 1.1547 (Asia) to 1.1609 near New York close due to usd's broad-based weakness n cross-buying in yen n sterling.

As last Thursday's fall from post-ECB high at 1.1692 to 1.1535 Friday suggests correction from October's 14-month bottom at 1.1525 has ended, selling the single currency is cautiously favoured.
Offers are tipped at 1.1600/10 n more above with stops above 1.1625.
Bids are noted at 1.1590-80 with stops below.

Today is PMI day in the euro area countries, Italy will kick off with Markit mfg PMI, then the same from France, Germany n the EU.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1581.. Euro moves narrowly in subdued Asian morning after price initial edged higher to 1.1613 in European morning yesterday but later ratcheted lower in New York session to 1.1576 as usd regained traction n gained strongly vs the commodity currencies.

As euro's retreat from 1.1613 suggests corrective bounce from Friday's 2-week trough at 1.1535, although strong, has possibly ended, below 1.1564 would lend credence to this view and heads back towards 1.1535 (Fed's hawkish tilt perhaps).
Offers are tipped at 1.1600/10 with stops reported above 1.1625 while bids are noted at 1.1575-70 with stops touted below 1.1560.

On the eco. data, Italy will release unemployment n then the same from the EU. We have a number of ECB officials scheduled to speak in Euroepan session, please refer to our EI page for details.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1605.. Euro moved narrowly but with a soft bias in relatively subdued Asian morning after Wednesday's volatile trading in New York session. Despite intra-day fall from 1.1598 (Europe) to 1.1563 following upbeat U.S. data esp. record rise in ISD non-mfg index, price jumped in post-FOMC when Fed released its statement n restated its belief that current high inflation is "expected to be transitory", this triggered broad-based selling in the greenback as market was long usd ahead of FOMC.

Although Wednesday's rebound from 1.1563 to 1.1616 suggests further choppy swings above last Fri's 2-week trough at 1.1535 would continue until release of Friday's U.S. NFP, further strong rise above 1.1616 is unlikely to be seen as current rising U.S. yields should lend support to usd.
Bids are noted at 1.1590-80 with stops below 1.1560 while offers are tipped at 1.1515/25 with stops touted above there.

Today is PMI day in the euro area countries, please refer to our EI page for details and pay attention to German n the EU's Markit services PMIs.
We also have a number of ECB officials scheduled to speak n ECB President Lagarde will speak at a conference at 12:45GMT.

 

[AceTRaderForex]

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

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

USD/JPY - 113.71.. Trading the pair proved to be difficult this week as price swung inside a choppy range after early retreat fm Mon's 114.44 high to this week's low at 113.47 (Tue. Despite y'day's initial marginal gain abv Wed's post-FOMC 114.21 high to 114.21 to 114.24, then 114.27, price then reversed previous day's gain n tumbled to 113.52 in NY morning on the back of slumping U.S. yields (benchmark 10-year 1.6090% to 1.5090%, circa 1.5437%) b4 recovering on short covering to 113.86 in Australia today.

Price is expected to move sideways ahead of key U.S. jobs report, an upbeat payroll number together with rising U.S. yields are needed to revive bullish prospect of a re-test of 114.44 where a break there would encourage for gain twd Oct's 3-year peak at 114.69. Offers are tipped at 113.85/95 with some stops touted abv 114.00 while bids are noted at 113.55/45 with stops below there, more stops are reported below 113.25.

T.G.I.F. after a roller-coaster week, we have a slew of U.S. eco. data later today, all due out at 12:30GMT. Market focus is on payrolls, unemployment n average earnings. Jobs data is now seen as key driver for future U.S. rate outlook as Fed J. Powell's remarks in post-FOMC presser stated it would stay patient and wait for more job growth before raising interest rates.

 

[AceTRaderForex]

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

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

USD/JPY - 113.60.. Despite Fri's selloff in post-NFP New York from 114.02 to a 1-week low of 113.31 due to intra-day selloff in U.S. yields (benchmark 1-year tumbled to a 5-week low of 1.4360%, circa 1.4774%) on broad-based yen buying, the pair rebounded in Tokyo trading to 113.63 on Mon in tandem with U.S. yields.

Intra-day firmness suggests choppy trading above previous 113.26 sup would continue, however, only above 114.02 would revive bullishness for further headway towards last week's high at 114.44.
Bids are noted at 113.50-40 with stops below 113.25 while offers are tipped at 113.85/95 with stops above 114.05.

North America has moved into winter time over the weekend, although no U.S. eco. data is due out, we have a number of Fed officials (6 in total) scheduled to speak later today, please refer to our EI page for details.
Fed chair J. Powell will give opening remarks via pre-recorded video at a virtual conference on Gender and the Economy at 15:30GMT.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1585.. Euro pared Monday's gain after rising from 1.1551 (Europe) to 1.1594 in New York on usd's weakness n inched lower to 1.1578 in Asia, suggesting range trading is in store.

As yesterday's break of Friday's 1.1573 post-NFP high at 1.1573 suggests recent downtrend has made a temp. bottom at Fri's 15-month bottom at 1.1514, consolidation with mild upside bias remains for a correction towards 1.1616 before prospect of another fall later this week.
Bids are noted at 1.1580/70 with stops touted below 1.1550 while offers are tipped at 1.1590/00 n more above with stops reported above 1.1625.

The euro area countries will release a slew of eco. data, please refer to our EI page for details. Pay attention to German ZEW eco. sentiment n EU's survey expectations at 10 :00GMT. We have European Econfin ministers meeting and a number of ECB officials speaking in Euroepan session (pls refer to EI page for details).

 

[AceTRaderForex]

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

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

EUR/USD - 1.1591.. Euro also trades narrowly in subdued Asian morning but with a firm undertone after extending near term upmove from Friday's 15-month bottom at 1.1514 to 1.1608 in NY morning, despite a brief reterat to 1.1572 on profit taking, renewed buying abv intra-day 1.1571 low lifted price.

Current price action suggests as long as 1.1571 holds, marginal gain to last week's high at 1.1616 (Wed) would be seen, however, loss of upward momentum should prevent strg rise above previous res at 1.1625 n yield at least a strg retracement of said rise later today (higher-than-expected U.S. CPI n U.S. yields perhaps).
Bids are noted at 1.1575/70 with some stops below 1.1560 n offers are tipped at 1.1605/15 with stops reported abv 1.1625.

Data on Tuesday:
Australia consumer sentiment, China PPI, CPI.
Germany CPI, HICP, Italy industrial output.
Canada leading index, U.S. MBA mortgage application, CPI, initial jobless claims, continuing jobless claims, wholesale inventories, wholesale sales and Federal budget.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1476.. Euro languishes near a fresh 15-month trough of 1.1466 at Asian midday after Wednesday's intra-day selloff in New York morning from 1.1574 to as low as 1.1477 near New York close as jump in US yields n weakness in US stocks triggered safe-haven usd buying across the board.

Wednesday's daily close below the psychological 1.1500 handle bodes ill for the single currency n price is likely to head towards 1.1422 n possibly 1.1320/30 later next week.
Offers are tipped at 1.1490/00 n more above with stops touted above 1.1525.
Some bids (profit taking) are noted at 1.1465/55.

No eco. data is due out today n markets in France are closed for holiday. We have EU economic bulletin due out at 09:00GMT. ECB's Lane and Schnabel are schedued to speak at 12:15GMT n 16:00GMT respectively.

 

[AceTRaderForex]

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

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

USD/JPY - 114.26.. The greenback caught a bid ahead of Tokyo open n penetrated Thursday's high at 114.15 (Asia) to a 10-day peak of 114.30 due to renewed usd's strength m broad-based yen selling, suggesting price would head towards last week's high at 114.44 (Mon), however, loss of upward momentum may cap price below October's fresh 3-year peak at 114.69 today n risk has increased for a profit taking ahead of weekend break.

Therefore, whilst trading the buck from long is favoured, profit should be taken on next leg of upmove.
Bids are noted at 114.05-114.00 and more below with stops reported below 113.80 while offers are tipped at 114.40/50 with stops touted above 114.70.

T.G.I.F. after a tumultuous week, U.S. will later release University of Michigan consumer confidence n JOLTS job openings, a higher reading in the former n lower number in the latter would push dollar higher. Also, pay attention to NY Fed President Williams' talk at a virtual conference called "Heterogeneity in Macroeconomics: Implications for Policy" 17:10 GMT for obvious reason but European markets will be closed by then.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1458.. Euro pared Friday's loss in Asia on Monday after hitting a fresh 15-month trough of 1.1434 in New York morning, price caught a light bid at Asian open on broad-based usd's retreat and climbed above Friday's 1.1461 high (New York) to 1.1463.

Although intra-day rise suggests recent downtrend has made a temp. low at 1.1434, range trading is expected n further strong gain would not be seen as euro's downtrend is likely to resume later today.
Order board is pretty empty on Monday with some offers tipped at 1.1460/65 n more above with stop above 1.1485/90.
Some bids are noted at 1.1440-30 with stops below there.

On the data front, the only indicator due out is EU's trade balance. However, we have a number of ECB officials scheduled to speak in European morning and afternoon sessions, please refer to our EI page for details.
Pay attention to ECB President Lagarde where she appears before the Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament at 10:00GMT.

 

[AceTRaderForex]

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

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

EUR/USD - 1.1379.. The single currency is nursing losses in relatively subdued Asian morning after Monday's selloff in New York session from 1.1454 to a 16-month trough of 1.1357 due to broad-based usd's strength on the back of rally in US yields (benchmark 10-year rose from 1.5408% to a near 3-week high 1.6317%, circa 1.6076%).

As Monday's weakness to 1.1357 confirms downtrend from 2021 peak at 1.2349 (January) has once again resumed, price is en route towards 1.1291, being 61.8% r of Long Term rise from 1.0637 (2020 low) to 1.2349.
Offers are tipped at 1.1385/95 n more above with stops reported above 1.1435 while some bids (profit taking) are noted at 1.1360/50 with some stops below there.

On the data front, the euro area countries will release a slew of eco. indicators, please refer to our EI pahe for details.
Pay attention to EU's employment n Q3 GDP. ECB President Lagarde will appear at an on-stage interview at 10th anniversary of Financi'Elles at 16:10GMT.