AceTraderFx: Intra-Day Market Moving News and Views

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 17 Jan 2022 05:30GMT

USD/JPY - 114.45.. Dlr extended rebound from Friday's 3-1/2 week low of 113.49 to 114.26 in NY n climbed steadily from 114.13 (NZ) to 114.50 as recovery in Asian stocks triggered further cross-selling yen, suggesting consolidation is in store in European morning.

As dlr's recent decline from Jan's near 5-year peak at 116.34 to 113.49 signals recent uptrend has made a top, as long as 114.60/70 holds, range trading with downside bias remains.
Some offers are tipped at 114.50/55 with stops touted above 114.70 while bids are noted at 114.30-20 n more below with stops below 114.00.

No economic data is due out today in the U.S. as markets are closed for Martin Luther King Jr holiday.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 18 Jan2022 05:30GMT

USD/JPY - 114.76.. Dlr jumped ahead of Tokyo lunch break on news of expected unchanged BOJ's monetary policy decision after intra-day retreat to 114.63 (AUS) to 114.46, price then rallied to 114.83 in post-BOJ trading.

As the near term strong rise fm Fri's 3-1/2 week trough of 113.49 to 114.64 in holiday-thin North American morning, then 114.83 today suggests 1st leg of correction fm Dec's near 5-year peak at 116.34 has ended, as long as 114.32 (Mon's European low) holds, consolidation with upside bias remains for further headway twd 115.05, near term o/bot condition should cap price at 115.26 (61.8% r fm 116.34-113.49). Bids have been raised to 114.50-40 with stops below 114.30 while some offers are tipped at 114.90/00 with stops touted abv 115.05.

After Mon's market holiday, U.S. will return later today n on the economic data front, we have NY Fed mfg index n then NAHB housing market index.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 19 Jan2022 05:30GMT

EUR/USD - 1.1324.. Euro is nursing losses after hitting a near 1-week low of 1.1315 in NY as broad-based usd's strength due to safe-haven bid n surge in U.S. yields sent usd vs G4 n risk currencies (aud n nzd) higher.

As yesterday's resumption of decline fm Fri's 7-week peak at 1.1482 n then break of indicated 1.1386 sup (Dec high, then sup) to as low as 1.1315 signals correction fm 2021 bottom at 1.1187 (Nov) has ended, outlook bodes ill for the single currency to head to daily pivotal sup at 1.1273 where a daily close below there would pave the way for re-test of 1.1187 in late Jan/early Feb.
Offers have been lowered to 1.1345-55 with stops abv 1.1385 while bids are noted at 1.1315/10 with stops below 1.1300.

On the data front, we have German inflation data at European open, then EU's current account n construction output.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 20 Jan 2022 05:30GMT

EUR/USD - 1.1361.. Euro caught a light bid at Asian open following y'day's rebound fm 1.1319 (Asia) to 1.1356 in NY morning n despite pullback to 1.1341 in Australia, price rose in Asia due to intra-day broad-based usd's weakness n climbed to 1.1365.

Although intra-day break of said Wed's high suggests early decline fm Fri's 6-week peak at 1.1482 has made a temp. low at 1.1315 (Tue) n consolidation is in store, as long as 1.1386 holds, downside bias remains n firm break below NY low at 1.1334 would signal recovery over n yield re-test of 1.1315, then later twd daily pivotal sup at 1.1273. Bids are noted at 1.1340/35 with stops reported below 1.1315 while some offers are tipped at 1.1370/80 with stops touted abv 1.1385/90.

On the data front, euro area countries will release a slew of eco. data, pls refer to our EI page for details. ECB Vice President de Guindos will will speak at an event at 10:00GMT n ECB President will speak at World Economic Forum's online event.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 21 Jan 2022 05:30GMT

USD/JPY - 113.66.. Despite staging a short-covering bounce in NY session fm 113.97 to 114.22, the pair came under heavy selling pressure due to active safe-haven yen buying in reaction to decline in the N225 index futures ahead of Tokyo open following weakness in U.S. stocks as well as falling U.S. yields (the Dow initially rebounded over 400 points in NY morning but ended the day down 313 points or 0.89% at 34,715).

As intra-day decline has accelerated after penetrating 113.97, suggesting re-test of Jan's 113.49 low would be seen next, break there would extend early fall fm Jan's near 5-year peak at 116.34 to next daily obj. at 113.15.
Offers have been lowered to 113.80/90 with stops abv 114.00 n some bids are noted at 113.60-50 with stops below 113.40 n more below 113.10.

T.G.I.F. after a tumultous week, U.S. eco. calendar is very light with second-teir leading index being the only data due out, therefore, traders will continue to take cue on movement in U.S. stocks as well as U.S. yields.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 24 Jan 2022 05:30GMT

USD/JPY - 113.87.. The greenback pares Fri's losses n inched higher from 113.64 (New Zealand) to 113.94 in Tokyo morning in tandem with U.S. yields despite intra-day broad-based weakness in Asian stocks following Fri's decline in U.S. equities.

As dlr's decline from last week's high at 115.05 (Tue) to 113.61 in New York Fri suggests correction from Jan's 113.49 bottom has ended, re-test of this level is envisaged after consolidation, break would extend recent fall towards next daily obj. at 113.15.
Offers are tipped at 114.00/05 with some stops touted above there while some bids are noted at 113.65/50 with stops below 113.45.

On the data front, U.S. will release Markit mfg n services PMIs are at 14:45GMT n then Dallas fed mfg business index at 15:30GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 25 Jan2022 05:30GMT

EUR/USD - 1.1311.. The single currency eased in Asian morning after staging a rebound fm Mon's near 2-week trough of 1.1291 (NY) to 1.1334 as intra-day rally in U.S. stocks which swung from inital sharp losses n closed with slight gain triggered broad-based usd's selling.

Intra-day retreat in tandem with U.S. futures would bring range trading, however, as said Mon's rebound fm 1.1291 signals recent decline fm 1.1.1482 (Jan's high) has made a temp. low, upside bias remains for a minor retracement twd 1.1359 b4 prospect of another fall.
Offers are tipped at 1.1335/45 withs tops touted abv 1.1360 while bids are noted at 1.1310/00 with stops below 1.1290, more stops are reported below 1.1270.

Germany will release key Ifo business climate, current conditions n expectations at 09:00GMT, if the readings come in weaker than forecasts (see our EI page for details), then euro will come under renewed selling.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 26 Jan 2022 05:30GMT

USD/JPY - 113.87.. Dlr moves narrowly in subdued Asian morning after Tue's choppy swings as traders are keeping their powder dry ahead of FOMC's announcement. Despite Tue's retreat fm 114.09 (AUS) to 113.68 in Asia, price climbed to session highs of 114.15 ahead of NY open on renewed usd's strength but subsequent strg recovery in U.S. stocks after initial weakness triggered broad-based usd bashing, knocking price back down to 113.79.

Today's key focus is the outcome of the FOMC meeting n although market widely expects Fed to stand pat on its interest rate policy n wind down its asset purchase programme but make a first rate hike at its next meeting in Mar, a hawkish tilt by the Fed will send usd higher. Bids are noted at 113.65/70 with stops below 113.45 n offers are tipped at 114.10/20 with stops abv 114.25.

On the data front, we have some second-tier U.S. data ahead of Fed announcement at 19:00GMT n post-FOMC presser by Fed chair J. Powell at 19:30GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 27 Jan 2022 05:30GMT

EUR/USD - 1.1232.. Euro gained no respite in Asian morning following intra-day selloff in post-FOMC NY from 1.1300 to 1.1236 after Fed J. Powell's hawkish comments, price met renewed selling at 1.1243 at Asian open n hit a 5-week trough of 1.1227 as broad-based weakness in Asian stocks triggered further safe-haven usd n yen buying.

As Wed's daily close below prev. Jan's 1.1273 suggests correction fm 2021 bottom at 1.1187 (Nov) has ended, price is en route to 1.1187, break there would pave the way for further weakness twd projected target at 1.1122. Offers are tipped at 1.1245/55 with some stops abv 1.1265 while some bids are noted at 1.1225-15 withs tops reported below 1.1200 n more stops are touted below 1.1185.

On the data front, pls refer to our EI page for details n pay attention to German GFK consumer confidence. ECB board member de Cos will speak at a tex forum at 11:00GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 28 Jan 2022 05:30GMT

USD/JPY - 115.45.. The greenback remains on the front foot in relatively subdued Tokyo morning after Thur's rally fm 114.48 (Asia) to a 2-week high of 115.48 due to follow-through broad-based usd buying after post-FOMC hawkish comments by Fed chief J Powell. As y'day's break of last week's 115.05 high n daily close abv there suggests correction fm Jan's near 5-year peak at 116.34 has ended, price is en route twd this 2022 peak next week.

Therefore, trading the buck from long side is the way to go today but be wary of pre-weekend profit taking in NY session later today. Bids are noted at 115.20-10 with stops below 115.00 while offers are tipped at 115.45/55 with some stops abv there.

T.G.I.F., U.S. will release a slew of important data, pls refer to our EI page for details n pay attention to PCE price index (Fed's favourite inflation guage), if annual Dec reading come in sharply higher than previous number of 5.7%, this will bolster market expectation of a 25 b.p. (some are even thinking of 50 b.p.) rate hike at Mar FOMC meeting n usd will rally further.

 

[AceTRaderForex]

AceTraderFx Jan 31: Intra-Day News and Views & data to be released today – USD/JPY

Intra-Day Market Moving News and Views
Update Time: 31 Jan 2022 05:30GMT

USD/JPY - 115.51.. The pair regained traction in Tokyo morning after pullback fm Fri's 2-1/2 week high of 115.68 (Europe) to 115.13 in NY morning. Price met renewed buying at 115.22 in NZ n climbed steadily higher on cross-selling in yen to 115.59 ahead of Tokyo lunch break.

As rebound to 115.59 signals pullback fm 115.68 has ended at 115.13, gain to 115.90/00 is envisaged, however, loss of upward momentum should cap dlr below Jan's near 5-year peak at 116.34 today. Bids are noted at 115.30-20 with stops below 115.10/05 area whilst offers are tipped at 115.60/70 with stops abv there.

On the last trading day in Jan, U.S. will release Chicago PMI n Dalls Fed mfg business index. We also have S. Francisco Fed President Daly (non-voter) n KC Fed's George (voter) scheduled to speak at 16:30GMT n 17:40GMT respectively later today.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 04 Feb2022 05:30GMT

EUR/USD - 1.1463.. The single currency stands tall in Asian trading n extends Thur's spectacular rally as surprise hawkish comments by ECB President Lagarde triggered broad-based euro buying.
Euro briefly dipped to session lows of 1.1268 after expected ECB's unchanged rate decision but then rebouneded at post-ECB presser, intra-day rise accelerated when ECB's Lagarde said "Compared with our expectations in Dec, risks to the inflation outlook are tilted to the upside, particularly in the near term,".

Thur's rally abv Wed's 1.1330 top (now sup) to a near 3-week high of 1.1451, intra-day intra-day break there suggests re-test of Jan's 1.1482 peak would be forthcoming next, then 1.1510/15. Therefore, buying on dips is the way to go. Bids are noted at 1.1430-20 with stops below 1.1400 while offers are tipped at 1.1470/80 with stops reported abv 1.1500.

Ahead of release of U.S. jobs report, we have German industrial orders, then French inustrial output n non-farm payrolls n EU's retail sales.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 07 Feb 2022 05:30GMT

USD/JPY - 115.30.. Dlr moves relatively narrowly in subdued Asian morning following intra-day rally to 115.42 after a surprise large upside beat in U.S. non-farm payrolls (actual 467K increase vs forecast 238K as well as upbeat participation rate n ave. hourly earnings), subsequent sideways swings in New York afternoon session n intra-day retreat to 115.15 would bring consolidation.

As dlr's rally from last week's low at 114.17 (Wed) to 115.42 signals pullback from 115.68 has ended, re-test of this res is envisaged where a break there would extend upmove from Jan's 113.48 trough to 115.90/00 later.
Bids are noted at 115.15/05 with stops below 115.00 while offers are tipped at 115.35/40 with stops reported above 115.70.

No U.S. eco. data is due out today after Fri's blockbuster U.S. jobs report, however, traders will take cue from intra-day moves in U.S. yields (benchmark 10-year rallied to a 2-year peak of 1.9356% in post-NFP New York, circa 1.9085) n U.S. stocks.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 08 Feb2022 05:30GMT

EUR/USD - 1.1431.. The single currency inches lower in relatively subdued Asian trading as intra-day rise in usd/yen led to broad-based usd's strength, however, y'day's sideways swings suggest further choppy consolidation below Fri's 11-week peak at 1.1483 may continue in European morning.

Despite Mon's erratic fall from 1.1468 (AUS) to 1.1416 in European morning, then a brief bounce to 1.1458 ahead of New York morning, euro's weakness to 1.1418 after ECB Lagarde's less hawkish comments at a European parliamentary hearing in NY afternoon suggests consolidation with downside bias remains.
Offers are tipped at 1.1445/55 with stops abv 1.1485, there is market chatter of option defence at 1.1500 while bids are noted at 1.1420-10 with stops below 1.1400.

The euro area countries will release a slew of eco. data, pls refer to our EI page for details. We have ECB's de Cos speaking at 08:00GMT n then 13:45GMT n later ECB's Villeroy speaking at 17:00GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 09 Feb2022 05:30GMT

EUR/USD - 1.1431.. Euro has inched higher in relatively subdued Asian trading after resumption of erratic fall from Friday's 11-week peak at 1.1483 to 1.1397 (Europe) on Tuesday, despite narrow moves in New York, intra-day firmness suggests consolidation with near term upside bias remains.

As said decline from 1.1483 signals recent upmove has made a temp. top, as long as res area at 1.1448/58 holds, prospect of another fell remains, below 1.1398 would encourage for weakness to 1.1376/80, however, reckon 1.1345 (38.2% r of 1.1122-1.1483) should contain weakness.
Bids are noted at 1.1410/1.1400 with stops below 1.1390 while offers are tipped at 1.1440/50 with stops touted above 1.1460.

The euro area countries will release a slew of 2nd-tier eco data, pls refer to our EI page for details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 10 Feb 2022 05:30GMT

EUR/USD - 1.1428.. The single currency swung broadly sideways in directionless Wed's session as traders kept their powder dry ahead of release of key U.S. inflation data later today. Euro dipped to 1.1403 in Europe on cross-selling in euro b4 ratcheting back to session highs of 1.1447 in NY on short covering b4 slipping back to 1.1414 in early Asian trading Thur.

As decline fm last Fri's 11-week peak at 1.1483 to 1.1398 (Tue) signals recent strong upmove has made a temp. top, as long as 1.1448/58 res area holds, downside bias remains for re-test of 1.1397, a firm break there would yield weakness towards1.1345, being a minimum 38.2% r of the upmove from Jan's 20-month bottom at 1.1122 to 1.1483.

Offers are tipped at 1.1435/45 with stops above 1.1460, more stops are touted above 1.1485 while bids are noted at 1.1410/00 with stops below 1.1395.

No euro zone eco. data is due out, so key event today is the release of U.S. CPI at 13:30GMT.
We have a number of ECB officials scheduled to speak, please refer to our EI page for details.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 11 Feb2022 05:30GMT

USD/JPY - 116.07.. The pair moved narrowly in Asian morning (market in Japan is closed for National Foundation Day holiday) after overnight usd's 'wild' swings vs other G6 counterparts.

Despite jumping briefly on red-hot U.S. inflation data (headline Jan annual CPI climbed to 7.5% vs 7.2% forecast, the highest print in 40 years) n rising U.S. yields where benchmark 10-year hit fresh 2-year peak of 2.0556%), the greenback erased its intra-day gain vs other G6 peers as U.S. stocks shrugged off the inflation data n rebounded. However, price later ratcheted higher to 116.11 on safe-haven usd, jpy & chf buying a U.S. tumbled in afternoon trading following hawkish comments by St. Louis Fed President Bullard (2022 FOMC voter n a die-hard hawk).

As dlr has caught a fresh bid vs other G6 currencies in Asia, re-test of Jan's near 5-year peak at 116.34 is envisaged where a daily close above there would bode well for price to head towards 116.83 next week.
Bids re noted at 115.90/80 with stops below 115.65 while some offers are tipped at 116.30/35 with some stops reported abv there.

T.G.I.F., after release of Thur's key U.S. inflation data, U.S. will later release University of Michigan consumer confidence. Traders will take cur from intra-day moves in U.S. yields n U.S. stocks, further weakness in U.S. equities as well as gain in U.S. yields would trigger further usd buying but as yen is viewed as a safe-haven currency, selling the euro or sterling will offer higher payoffs.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 14 Feb2022 05:30GMT

USD/JPY - 115.48.. The pair swung in choppy fashion in volatile trading on Mon. Despite initial weakness to 115.20 in Australia following Fri's intra-day selloff in NY afternoon in tandem with US yields fm 115.98 to as low as 115.02 on safe-haven yen buying on escalating tension in Ukraine, price quickly recovered on market chatter of imminent dovish BOJ's open market operation. Dlr climbed to 115.59 ahead of Tokyo open n despite a retreat to 115.31, price rebounded to 115.57 on news BOJ announced it offered to buy unlimited amount of JGBs outright at fixed-rate with residual maturities of more than 5 years and up to 10 years from 2/15.

Expect choppy swings to continue but intra-day weakness in Nikkie (N225 currently down 2.25% at 27,072) n Asian stocks should weigh of European stocks later, so another bout of yen buying should be seen. Offers are tipped at 115.55/60 with some stops touted abv 115.75 while bids are noted at 115.20/10 with stops below 115.00.

Although no U.S. eco. data is due out today, pay attention to scheduled CNBC interview with St. Louis Fed President Bullard at 13:30GMT, a well known hawk as well as 2022 FOMV voter, therefore, further hawkish comments by him may give usd a lift later today.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 15 Feb2022 05:30GMT

EUR/USD - 1.1317.. Despite Mon's resumption of decline to a 10-day low at 1.1281 in NY afternoon on broad-based euro selling due to risk-off trade as well as dovish comments by ECB's Lagarde (see early update for details), the single currency pared recent losses n rebounded in Asian morning to 1.1322 on profit taking, suggesting early fall from last Thur's near 3-month peak at 1.1495 has made a temp. bottom.

As said decline from 1.1495 signals recent strong rise from Jan's 20-month trough at 1.1122 has possibly ended, downside bias remains for a stronger retracement to 1.1266 (61.8% r).
However, loss of near term momentum should keep price above 1.1222 sup today. Offers are tipped at 1.1330/40 with stop above there, more stops are touted above 1.1375 while bids are noted at 1.1300/1.1290 with some stops below 1.1280.

The euro area countries will release a slew of eco. data, pls refer to our EI page for details n pay attention to EU's Q4 GDP n German ZEW eco. sentiment as well as EU's ZEW survey expectations, if actual readings are weaker than street forecast, one can expect euro to come under renewed selling pressure. ECB board member Villeroy will give a speech at an event at 17:30GMT.

 

[AceTRaderForex]

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

Intra-Day Market Moving News and Views
Update Time: 16 Feb2022 05:30GMT

EUR/USD - 1.1345.. Euro swung wildly in hectic Tue trading. Although price moved narrowly in Asia, price caught at bid at 1.1310 in European morning on easing of Russia-Ukraine tension n rose to 1.1359 in New York morning. However, price briefly retreated to 1.1321 before climbing in tandem with U.S stocks to session highs of 1.1368.

Euro's decline from Thursday's near 3-month peak at 1.1495 to 1.1281 Monday suggests recent upmove has made a top n although yesterday's erratic rise to 1.1368 signals a temporary bottom is made, further strong gain is not envisaged n reckon 1.1388/98 would cap upside n yield another fall later this week.
Offers are tipped at 1.1365/75 with some stops touted above there while some bids are noted at 1.1335-25 with stops below 1.1320.

Economic calendar is very light with EU industrial production being the only data due out.