AceTraderFx Sept 09 : Intra-Day News and Views & data to be released today - USD/JPY
Intra-Day Market Moving News and Views
Update Time : 09 Sept 2020 05:30GMT
USD/JPY - 105.93… The greenback swung wildly in hectic trading on Tuesday as U.S. markets resumed trading after Monday’s holiday. The pair met renewed selling at 106.38 in European morning and tumbled to 105.87 in New York morning on safe-haven buying in jpy. The price then recovered to 106.07 in New York afternoon before falling again to 105.84 in Australia today.
Intra-day break below yesterday’s low at 105.87 signals early recovery from 105.21 has ended at 106.55 last Thursday and downside bias remains for weakness to 105.30.
Offers are now seen at 106.00/10 and more above at 106.20/30 with stops building up above there whilst initial offers are noted at 105.10/20.
AceTraderFx Sept 10 : Intra-Day News and Views & data to be released today - EUR/USD
Intra-Day Market Moving News and Views
Update Time : 10 Sept 2020 05:30GMT
EUR/USD - 1.1816… Although euro continued its recent losing streak initially in Wednesday’s trading and fell to a near 4-week trough of 1.1754 ahead of New York open, price jumped after Bloomberg news reported some ECB officials are becoming upbeat in the eurozone’s economic outlook and hit session highs of 1.1833 in New York morning before retreating to 1.1800 on profit taking.
As the rebound from 1.1754 signals recent fall from September’s fresh 2-year peak at 1.2011 has made a temp. low, consolidation with upside bias is seen ahead of ECB’s monetary policy announcement n then ECB President Lagarde’s post-ECB press conference.
Bids (profit taking) are noted at 1.1800/1.1790 and more below with stops below 1.1750 whilst offers are tipped at 1.1830/40 with stops touted above 1.1865.
Ahead of ECB announcement, the euro area countries will release eco. data starting with France’s industrial output, then the same from Italy.
AceTraderFx Sept 11 : Intra-Day News and Views & data to be released today - USD/JPY
Intra-Day Market Moving News and Views
Update Time : 11 Sept 2020 05:30GMT
USD/JPY - 106.15… The pair moves narrowly n comfortably abv the 106.00 handle in subdued Asian morning after retreating fm Thur’s 106.29 high to 105.99 in NY morning despite usd’s wild swings vs other G7 counterparts.
As the greenback erased intra-day losses in NY morning n caught a bid on safe-haven buying in New York afternoon due to renewed weakness in U.S. stocks, consolidation with upside bias is seen.
Bids are noted at 106.10-00 with stops below 105.80 while offers are tipped at 106.25/30 with stops above 108.55.
T.G.I.F., the U.S. will release core CPI, CPI n weekly earnings at 12:30GMT, then Federal budget at 18:00GMT.
AceTraderFx Sept 14 : Intra-Day News and Views & data to be released today - EUR/USD
Intra-Day Market Moving News and Views
Update Time : 14 Sept 2020 05:30GMT
EUR/USD - 1.1849… The single currency traded with a firm bias in Europe on Friday and gained to 1.1874 before retreating to 1.1827 in New York afternoon on usd’s rebound together with cross-selling of euro especially vs sterling. Price then recovered to 1.1850 in Asian morning today on usd’s broad-based weakness.
Euro’s retreat from Friday’s high at 1.1874 to 1.1827 suggests further choppy trading below Thursday’s high at 1.1917 would continue with downside bias and below support at 1.1811 would confirm recovery from last Wednesday’s low at 1.1754 has ended there and extend to 1.1780/90. Offers are now seen at 1.1860/70 with stops building up above there whilst initial bids are noted at 1.1750/60.
Pay attention to EU industrial production at 09:00GMT. Street forecasts for mm and yy are 4.0% and -8.2% vs previous readings of 9.1% and -12.3% respectively.
AceTraderFx Sept 15 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 15 Sept 2020 05:30GMT
USD/JPY - 105.66… The greenback gained some respite after yesterday’s selloff and edged up to 105.74 in Australia before retreating again to 105.62. Earlier, the pair remained under pressure yesterday and weakened to 105.92 in European morning and intra-day decline accelerated in New York morning due to the return of risk sentiment and price tumbled to 105.56 due partly to the rally in U.S. stocks.
Dollar’s fall to 105.56 yesterday suggests early recovery from 105.21 has ended at 106.55 and consolidation with downside bias remains for weakness to 105.30. However, bids above August’s bottom at 105.11 at 105.20/30 should contain downside and yield another rebound later.
There is a slew of data to be released from the U.S. today but one should pay attention to industrial production and manufacturing output at 13:15GMT. Street forecasts are 1.0% and 0.8% vs previous readings of 3.0% and 3.4% respectively.
AceTraderFx Sept 16 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 16 Sept 2020 05:30GMT
USD/JPY - 105.31… Although the greenback traded with a firm bias in Asia and edged up to session highs at 105.81 in European morning, price erased its gains and dropped to an intra-day low at 105.31 in New York morning before staging a recovery to 105.54 in New York afternoon. However, the pair met renewed selling there and fell to 105.26 in Asia today on active cross-buying in jpy.
Dollar’s intra-day break below yesterday’s low at 105.31 suggests consolidation with downside bias remains for weakness to support 105.21, below would bring re-test of August’s bottom at 105.11 where break would extend decline from 107.04 to 104.50/60 later. Offers are now seen at 105.40/50 and more above at 105.60/70 with stops building up above there whilst initial bids are noted at 104.40/50.
Market focus is the Federal Reserve’s rate decision at 18:00GMT. Although its widely expected that the central bank will keep its rate unchanged at 0.25%, one should pay attention to Chairman Jerome Powell’s press conference at 18:30GMT, where he is likely to provide an insight on what further steps, if any, the bank would take to counter the country’s stagnant growth.approach used by professionals and real-time updates
AceTraderFx Sept 17 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 17 Sept 2020 05:30GMT
EUR/USD - 1.1765… The single currency went through a roller-coaster ride yesterday as despite rising from Asian low at 1.1830 to session highs at 1.1882 in European morning, price dropped to 1.1810 in New York morning. The pair then briefly rebounded to 1.1854 before swiftly falling to 1.1789 on usd’s strength in post-FOMC trading together with cross-selling of euro especially vs sterling. Price then met renewed selling at 1.1819 in Australia today and fell to 1.1761 in Asia before stabilising.
Euro’s intra-day break below yesterday’s low at 1.1789 suggests early recovery from last Wednesday’s near 4-week trough at 1.1754 has ended at 1.1917 last Thursday and consolidation with downside bias remains for a re-test of said support, break would extend decline from 107.04 (August) to 1.1712 later.
Offers are now seen at 1.1780/90 and more above at 1.1800/10 with stops building up above there whilst initial bids are noted at 1.1700/10.
Data to be released on Thursday :
Swiss trade balance, exports, imports, Italy trade balance, EU construction output, HICP, core HICP, UK BoE interest rate decision, BoE asset purchase program, BoE QE total, BoE QE corporate bond purchases, BoE MPC vote hike, BoE MPC vote unchanged, BoE MPC vote cut.
U.S. building permits, housing starts, initial jobless claims, continued jobless claims, Philadelphia Fed manufacturing survey, and Canada ADP employment change.
AceTraderFx Sept 18 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 18 Sept 2020 05:30GMT
EUR/USD - 1.1844… Despite the single currency’s resumption of decline from September’s 2-year peak at 1.2011 to a 1-month bottom at 1.1738 in Asia, lack of follow-through selling triggered short-covering and the pair ralled to 1.1811 in Europe. Price continued to ratchet higher in New York session and gained to 1.1861 in Asian morning today before stabilising.
Euro’s rally from yesterday’s trough at 1.1738 suggests recent decline has made a temporary low there and consolidation with upside bias remains for stronger retracement to 1.1900/05. Bids are now seen at 1.1820/30 and more below at 1.1800/10 with stops building up below there whilst initial offers are noted at 1.1920/30.
In the absence of major economic data from the EU today, pay attention to comments from ECB Vice-President Luis de Guindos, who is scheduled to speak on the COVID-19 impact on monetary policy in a virtual speech at 09:15GMT.
AceTraderFx Sept 21 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 21 Sept 2020 05:30GMT
USD/JPY - 104.35… The greenback met renewed selling at 104.86 in Asia on Friday and dropped to a 6-week low at 104.28 in European morning on active safe-haven buying in jpy together with weakness in U.S. Treasury yields. Despite staging a short-covering rebound to 104.63 in New York afternoon, the pair came under selling pressure in New Zealand today and retreated again to 104.35 in Asian morning.
Dollar’s weakness after Friday’s fall to a 6-week trough at 104.28 suggests re-test of daily support at 104.19 would be seen after consolidation, break there would signal erratic decline form 109.94 (Jun) has once again resumed and extend to 103.90/00.
Offers are now seen at 104.50/60 and more above at 104.70/80 with stops building up above there whilst initial bids are noted at 103.70/80.
Data to be released today :
Japan market holiday, UK Rightmove house price.
U.S. national activity index and Canada new housing index on Monday.
AceTraderFx Sept 22 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 22 Sept 2020 05:30GMT
EUR/USD - 1.1760… The single currency edged up to 1.1871 in Asian morning, however, the pair met renewed selling there and tumbled to 1.1776 in European morning due partly to a selloff in European stocks. The pair continued to ratchet lower and fell to a 1-month bottom at 1.1731 in New York morning on safe-haven usd buying before staging a short-covering rebound to 1.1774 in New York afternoon only to retreat again to 1.1754 in Asian morning today.
As euro has retreated again after meeting renewed selling at 1.1774, suggesting the recovery from 1.1731 has ended and consolidation with downside bias remains, below 1.1731 would extend decline from September’s 2-year peak at 1.2011 to 1.1712, then 1.1697.
Offers are now seen at 1.1770/80 with stops building up above there whilst initial bids are noted at 1.1670/80.
Pay attention to EU consumer confidence at 14:00GMT. Street forecast is for a slight uptick to -14.6 from previous reading of -14.7.
AceTraderFx Sept 23 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 23 Sept 2020 05:30GMT
USD/JPY - 105.16… Although the greenback retreated initially in Asia yesterday to 104.47, then marginally lower to 104.41 in European morning, price erased its losses and rallied to an intra-day high at 105.07 in New York morning on usd’s broad-based strength together with hawkish comments from Chicago Fed President Evans. The pair then weakened to 104.87 in Australia today on profit taking before rising above yesterday’s 105.07 top to 105.19 in Tokyo morning as Japanese markets resumed trading after 2-days of holiday.
Intra-day break above Tuesday’s 105.07 top signals corrective rise from Monday’s 6-month trough at remains in progress and marginal gain is likely, however, offers at 105.30/40 would cap upside and yield another retreat.
Below 104.87 would indicate a top has been made and bring weakness to 104.41 later.
Pay attention to the release of U.S. manufacturing and services PMIs at 13:45GMT. Street forecasts are 53.1 and 54.7 vs previous readings of 53.1 and 55.0 respectively. One should also keep an eye on comments from Fed officials as several of them are scheduled to speak today during New York session.
AceTraderFx Sept 24 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 24 Sept 2020 05:30GMT
EUR/USD - 1.1662… The single currency staged a brief recovery fm European low at 1.1673 to 1.1718, however, renewed selling interest there knocked price down and the pair fell to a 2-month bottom at 1.1652 in New York afternoon on usd’s continued strength together with cross-selling of euro especially vs sterling. The pair then staged a short-covering rebound to 1.1680 in Asian morning today before retreating again.
Euro’s fall to a 2-month trough at 1.1652 yesterday suggests decline from September’s 2-year peak at 1.2011 remains in progress and further weakness to 1.1620/30 would be seen after consolidation.
Offers are now seen at 1.1670/80 and more above at 1.1690/00 with stops building up above there whilst initial bids are noted at 1.1610/20.
Pay attention to the release of German Ifo business climate and current conditions at 08:00GMT.
Street forecasts are 93.8 and 89.5 vs previous readings of 92.6 and 87.9 respectively.
AceTraderFx Sept 25 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 25 Sept 2020 05:30GMT
EUR/USD - 1.1667… The single currency swung wildly in hectic trading yesterday as despite edging up to 1.1680 in Asia, price fell to an 8-week bottom at 1.1627 at New York open on usd’s continued strength. However, the pair then erased its losses and rose to 1.1687 in New York afternoon on profit-taking in usd together with cross-buying of euro especially vs sterling.
Although euro’s rebound from yesterday’s 8-week trough at 1.1627 suggests decline from September’s 2-year peak at 1.2011 has possibly made a temporary low there.
Reckon offers at 1.1690/00 would cap upside and yield another retreat later.
In the absence of major economic data from the euro area today, pay attention to comments from ECB policymakers Francois Villeroy and Pablo Hernandez de Cos, both of whom are scheduled to speak at 06:45GMT.
AceTraderFx Sept 28 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 28 Sept 2020 05:30GMT
EUR/USD - 1.1633… The single currency traded sideways inside a narrow range in Asia on Friday before edging up to 1.1684 in early European morning. However, price met renewed selling there and fell to a fresh 2-month bottom at 1.1613 in New York morning on usd’s continued strength. The pair then staged a recovery to 1.1637 in New Zealand today before retreating again to 1.1616 in Asian morning.
Euro’s intra-day rebound after failure to penetrate Friday’s low at 1.1613 suggests further choppy trading above there would continue and marginal gain is likely before prospect of another fall. Below 1.1613 would extend decline from September’s peak at 1.2011 to 1.1580/90.
Offers are now seen at 1.1640/50 and more above at 1.1660/70 with stops building up above there whilst initial bids are noted at 1.1570/80.
AceTraderFx Sept 29 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 29 Sept 2020 05:30GMT
USD/JPY - 105.49… The greenback swung sideways in directionless Monday’s session. The pair met renewed selling at 105.68 in New Zealand and dropped to session low s at 105.27 on cross-buying in jpy. However, price then pared its losses and rebounded strongly to 105.66 in New York morning only to retreat again to 105.35 in Tokyo morning today.
Dollar’s intra-day retreat suggests further choppy trading below last Friday’s high at 105.69 would continue, however, bids at 105.20/30 should contain downside and yield another rebound, above 105.69 would extend upmove from last Monday’s 6-month trough at 104.01 to 105.90/00.
Pay attention to the release of US consumer confidence at 14:00GMT. Street forecast is for an uptick to 89.2 from previous reading of 84.8. There are also a handful of Fed speakers who are due to speak today but pay particular attention to Fed Vice Hair Richard Clarida’s speech at 15:40GMT.
AceTraderFx Sept 30 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 30 Sept 2020 05:30GMT
USD/JPY - 105.71… The greenback traded with a firm undertone in Asia yesterday and gained to 105.73 in European morning before retreating to 105.54 in New York morning. Later, renewed buying there contained downside and price rebounded to 105.70, then rose to 105.80 in Asian morning today. However, lack of follow-through buying triggered profit-taking and the pair weakened to 105.68 due partly to a retreat in Nikkei-225.
Intra-day break above yesterday’s high at 105.73 signals corrective upmove from last Monday’s 6-month trough at 104.01 remains in progress n further gain to 106.00/05 would be seen after consolidation.
Bids are now seen at 105.50/60 and more below at 105.30/40 with stops building up below there whilst initial offers are noted at 106.20/30.
The U.S. Presidential debate between U.S. President Trump and Democrat nominee Joe Biden is currently going on and has provided the market with no headlines as of yet. Elsewhere, pay attention to ADP employment at 12:15GMT and GDP at 12:30GMT. Street forecasts are 648k and -31.7% vs previous readings of 428k and -31.7% respectively.
AceTraderFx Oct 05 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 05 Oct 2020 05:30GMT
USD/JPY - 105.54… Although the greenback briefly dipped to 105.29 in New Zealand today, price found renewed buying and gained to 105.60 in Asian morning due to risk-on trade on optimism that U.S. President Donald Trump may be discharged from the hospital later today.
Despite dollar’s retreat from last Wednesday’s 2-week high at 105.80 and Friday’s selloff to 104.95, subsequent strong rebound to 105.60 today suggests pullback has ended and consolidation with upside bias remains for re-test of 105.80, break would extend upmove from September’s 6-month trough at 104.01 to 106.26/29 but 106.50/55 should remain intact.
Bids are noted at 105.35-25 with stops below 105.00 while offers are tipped at 105.75/80 with more above and stops above 106.20.
On the calendar front, U.S. will release Markit Services PMI at 13:45 GMT, followed by ISM Non-Manufacturing PMI at 14:00 GMT. We also have a few Fed officials due to speak, please refer to our EI page for more details.
AceTraderFx Oct 06 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 06 Oct 2020 05:30GMT
EUR/USD - 1.1787… The single currency went through a volatile session on Monday. The pair found renewed buying at 1.1707 in New Zealand and rose to 1.1735 in Asian morning. Despite retreating to 1.1720 in European morning, price then rallied to a near 2-week high at 1.1797 in New York morning on improved risk sentiment on optimism that U.S. Democrats and Republicans could agree on the new stimulus plan before retreating to 1.1772 on profit-taking. Price then rebounded again to 1.1793 at European open as U.S. President Trump was discharged.
Euro’s resumption of upmove from September’s 8-week trough at 1.1613 to 1.1797 yesterday suggests decline from September’s 2-year peak at 1.2011 has made a temporary bottom and consolidation would be seen before heading to 1.1840/50, however, overbought condition should keep price below 1.1870/71 and yield retreat.
Bids are noted at 1.1775-70 with stops below 1.1745-40 while offers are tipped at 1.1805/10 with move above and stops above 1.1850.
On the data front, Germany will release industrial orders at 06:00 GMT and we have a number of ECB officials due to speak later with focus on President Christine Lagarde’s speech, please refer to our EI page for more details.
AceTraderFx Oct 08 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 08 Oct 2020 05:30GMT
USD/JPY - 106.02… The greenback found renewed buying at 105.60 in Australia yesterday and rose above last Wednesday’s 105.80 high to a 3-week high at 106.10 in Europe on cross-selling in jpy together with rise in U.S. stock futures before retreating to 105.86 in New York morning on profit-taking. The pair then recovered and re-tested 106.10 at Asian open today before easing.
Dollar’s yesterday’s rise to 106.10 suggests upmove from September’s 6-month trough at 104.01 has resumed and further headway to 106.26/29, then 106.50/55 would be seen after consolidation, however, loss of upward momentum should cap price below 106.70/75 today.
Bids are noted at 105.90-85 with stops below 105.70-60 while offers are tipped at 106.20 with more above and stops above 106.55/60.
On the data front, U.S. will release initial jobless claims and continued jobless claims at 12:30 GMT, with street forecasts at 820k and 11.400M respectively versus 837k and 11.767M prior. We also have a few Fed officials due to speak in New York session, please refer to our EI page for more details.
AceTraderFx Oct 09 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 09 Oct 2020 05:30GMT
USD/JPY - 105.86… The greenback moved broadly sideways on Thursday as focus was on euro and sterling. Although dollar re-tested Wednesday’s 3-week high at 106.10 at Asian open, price retreated to 105.93 in European morning and then traded narrowly in subuded New York session and then weakened to 105.82 in Asian morning today.
Dollar’s resumption of upmove from September’s 6-month trough at 104.01 to 106.10 on Wednesday suggests medium term decline from March’s 111.71 high has made a temporary bottom and intra-day retreat would bring choppy sideways swings before heading to 106.50/55, however, loss of momentum should cap price below 106.70/75 today.
Bids are noted at 105.85-80 with stops below there while offers are tipped at 106.20/30 with stops above 106.50.
On the data front, U.S. will release wholesale inventories and wholesale sales at 14:00 GMT.
Traders should also pay close attention to headlines in regards to U.S. stimulus plans as risk sentiment should increase if passed by U.S. President Donald Trump.