AceTraderFx Oct 14 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 14 Oct 2020 05:30GMT
USD/JPY - 105.33… Although the greenback found renewed buying at 105.29 in Australia yesterday and rose to 105.62 in New York morning on active safe-haven usd buying, price retreated to 105.31 in Asian morning today on cross-buying in jpy.
Despite dollar’s resumption of upmove from September’s 6-month trough at 104.01 to a 3-week high at 106.10 last Wednesday, subsequent fall to 105.25 on Monday suggests temporary top is made and as 105.62 has capped recovery, consolidation with downside bias remains for weakness to 104.95, break would head to 104.60/65 but 104.41 may hold today.
Offers have been lowered to 105.35/40 with stops above 105.60/65 while bids are noted at 105.10-00 with more below stops below 104.50.
On the calendar front, U.S. will release PPI, core PPI at 12:30 GMT and then Redbook at 12:55 GMT.
We also have a few Fed officials due to speak in New York session, please refer to our Economic Indicators page for more details.
Also, traders should keep an eye out for any U.S. stimulus headlines.
AceTraderFx Oct 15 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 15 Oct 2020 05:30GMT
USD/JPY - 105.25… The greenback initially retreated to 105.31 in Asian morning yesterday before rebounding to 105.51 at European open, however, the pair then fell to a 9-day low of 105.04 in New York on usd’s weakness due to continued standstill in U.S. stimulus relief package before recovering to 105.29 in Asian morning today on cross-selling in the Japanese yen.
Despite dollar’s erratic rise from September’s 6-month trough at 104.01 to a 3-week high at 106.10 last Wednesday, subsequent fall to 105.04 yesterday suggests temporary top is in place and intra-day rebound would bring choppy sideways swings before prospect of another decline, however, loss of momentum should prevent steep drop below 104.95 and 104.75/77 should contain downside.
Offers are tipped at 105.30/35 with more above and stops above 105.60/65 while bids are noted at 104.95 with stops below there.
On the calendar front, U.S. will release weekly jobless claims and continued jobless claims at 12:30 GMT, with street forecast at 825k and 10.700M respectively versus prior readings of 840k and 10.976M.
We also have a few Fed officials due to speak, please refer to our Economic Indicators page for more details.
AceTraderFx Oct 19 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 19 Oct 2020 05:30GMT
USD/JPY - 105.41… Although the greenback dipped to 105.34 in New Zealand today, price found renewed buying and briefly rose to 105.50 at Asian open on cross-selling in the Japanese yen before easing.
Despite dollar’s resumption of decline from October’s 3-week high at 106.10 to 105.04 last Wednesday, subsequent rebound to 105.50 today suggests upmove from September’s 6-month trough at 104.01 has made a temporary top and consolidation with mild upside bias would be seen, however, reckon 105.62 should cap upside and yield another fall to 104.95 (October’s bottom) later, break needed to head to 104.63/65 before prospect of another bounce.
Offers are tipped at 105.55/60 with stops above there while some bids are noted at 105.30-25 with stops below 105.00-104.95.
On the data front, U.S. will only release NAHB housing market index at 14:00 GMT. Also, we have a few Fed officials due to speak in New York session and Chairman Jerome Powell is scheduled to speak at 12:00 GMT. Please refer to our EI page for more details.
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 Oct 2020 05:30GMT
EUR/USD - 1.1767… The single currency went through a volatile session on Monday. Although price retreated from 1.1726 in New Zealand to 1.1704 shortly after European open, price found renewed buying and later rose to 1.1793 in New York on usd’s weakness due to return of risk sentiment on rally in global equities before weakening to 1.1765 on profit-taking.
Despite euro’s fall from October’s 2-1/2 week high at 1.1831 to 1.1689 last Thursday, subsequent rebound to 1.1745 on Friday, then yesterday’s rise above this level to 1.1793 suggests temporary low is in place and range trading would be seen ahead of European open before prospect of another upmove to 1.0807/10, then possibly re-test of 1.1831.
Bids are noted at 1.1765-60 with stops below 1.1745 while offers are tipped at 1.1810/15 and stops above there.
On the calendar front, Germany will kick start with producer prices at 07:00 GMT then EU current account at 08:00 GMT.
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 2020 05:30GMT
USD/JPY - 104.69… The greenback met renewed selling at 105.52 in Australia yesterday and penetrated previous October’s 104.95 low to a near 1-month bottom at 104.35 in New York morning on usd’s broad-based weakness together with cross-buying in yen, especially versus euro before rebounding to 104.70 shortly after Asian open today.
Despite dollar’s resumption of upmove from September’s 6-month trough at 104.01 to 106.10 in October, subsequent retreat and yesterday’s selloff to 104.35 suggests correction has ended and range trading would be seen before re-test of said key support, where break would extend medium term decline from 111.71 (March) to 103.85/90.
Therefore, selling on pullback is favoured and offers are tipped at 104.70/75 with stops above 104.95/00 while bids are noted at 104.30-25 with more below and stops below 104.00.
On the data front, U.S. will release initial jobless claims and continued jobless claims at 12:30 GMT, street forecasts are 860k and 9.500M respectively versus previous readings of 898k and 10.018M. Following that will be existing home sales and leading index change at 14:00 GMT, then KC Federal manufacturing index at 15:00 GMT.
AceTraderFx Oct 27 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 27 Oct 2020 05:30GMT
USD/JPY - 104.78… The greenback found renewed buying at 104.66 in Asian morning yesterday and rose to 104.97 in early European trading. The pair then ratcheted higher to 105.05 in New York morning on active safe-haven usd buying on weakness in global stocks before retreating to 104.83, then 104.75 in Asian morning today.
Despite dollar’s erratic rise from last Wednesday’s near 1-month trough at 104.35 to 105.05 yesterday, subsequent retreat to 104.75 today suggests recovery has possibly ended and below 104.35 would bring marginal weakness, however, loss of momentum should keep price above September’s 6-month bottom at 104.01.
Offers are tipped at 104.85/90 with stop above 105.10 while bids are noted at 104.50-45 with more below and stops below 104.30-25.
On the calendar front, U.S. will release a slew of data, please refer to our EI page for more details.
AceTraderFx Oct 29 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 29 Oct 2020 05:30GMT
EUR/USD - 1.1753… The single currency went through a volatile day yesterday as euro began falling in New York afternoon on Tuesday on news of potential lockdown in France and Germany due to surge in Covid-19 infections. The pair fell to 1.1770 in Australia and despite rebounding to 1.1787 in Asian morning, renewed selling emerged and intra-day fall accelerated in European session and tumbled to an 8-day low of 1.1718 at New York open on active safe-haven usd buying on weakness in global stock market. The pair then rebounded in tandem with cable to 1.1760 and stabilises in Asian morning today.
Despite euro’s resumption of upmove from September’s 8-week trough at 1.1613 to a 1-month high at 1.1880 last Wednesday, subsequent retreat and yesterday’s selloff to 1.1718 suggests temporary top is made and consolidation would be seen ahead of ECB interest rate decision before re-test of October’s 1.1689 low, where break would head to 1.0675/80 but 1.1650/60 should hold.
Offers are tipped at 1.1755/60 with stops above there while bids are noted at 1.1705-00 with stops below 1.1680.
Market focus today will be the European Central Bank meeting as it is expected new stimulus measures will be introduced to tackle second wave of coronavirus pandemic.
Therefore, traders should pay close attention to President Christine Lagarde’s press conference at 13:30 GMT.
AceTraderFx Oct 30 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 30 Oct 2020 05:30GMT
EUR/USD - 1.1686… Although the single currency rebounded to 1.1758 in Asian morning yesterday and then moved sideways, renewed selling emerged at European open and the pair later tumbled to a 1-month low at 1.1651 in New York after the European Central Bank kept interest rates unchanged but hinted further monetary easing by December before rebounding to 1.1688 in Asian morning today on usd’s broad-based profit taking.
Although euro’s rebound from 1.1651 yesterday suggests near term decline from last Wednesday’s 1.1880 high to retrace upmove from September’s 8-week trough at 1.1613 has made a temporary low and choppy sideways swings would be seen, reckon 1.1695/00 should hold and yield another fall later, below 1.1651 would bring re-test of 1.1613, break would extend downtrend from September’s 2-year peak at 1.2011 to 1.1685/90.
Offers are tipped at 1.1690/95 with stops above 1.1720 while bids are noted at 1.1650-45 with more below and stops below 1.1600.
On the data front, euro zone will release a lot of data in European session, please refer to our EI page for more details. Traders should remain cautious on news headlines related to U.S. stimulus talks and U.S. presidential election.
AceTraderFx Nov 03 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 03 Nov 2020 05:30GMT
USD/JPY - 104.77… Although the greenback found renewed buying at 104.51 in New Zealand yesterday and rose to 104.94 in Europe on usd’s broad-based strength, price then retreated to 104.64 at New York open due to weakness in U.S. Treasury yields before recovering to 104.87 and then moves sideways in Asian morning today.
Although dollar’s erratic rise from last Thursday’s 5-week low at 104.03 to 104.94 yesterday suggests recent decline from October’s 106.10 high has made a temporary low, subsequent retreat signals recovery has possibly ended, below 104.35/40 would confirm this view and head to September’s 6-month trough of 104.01.
Offers are tipped at 104.85/90 with stops above 105.05 while bids are noted at 104.35/40 with stops below 104.00.
On the calendar front, U.S. will release a slew of data, please refer to our EI page for more details. Focus today will be on U.S. presidential election with latest polling at Joe Biden leading. Traders should keep an eye out for such headlines.
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 2020 05:30GMT
USD/JPY - 104.34… The greenback went through a volatile session on Wednesday on uncertainty over U.S. presidential election. Although dollar briefly dipped to 104.38 at Asian open, the pair easily rose above last week’s high at 105.05 (Monday) to a 13-day top of 105.34 on active safe-haven usd buying as election results tightened. However, the pair then tumbled to 104.16 in Europe on cross-buying in yen before rebounding in tandem with rise in U.S. stocks to 104.62 in New York and then weakened again to 104.22 at Asian open today.
Dollar’s selloff from 105.34 to 104.16 suggests recovery from last Thursday’s 5-week trough at 104.03 has ended and re-test of September’s 6-month bottom at 104.01 would be seen after consolidation, where break would extend medium term decline from 111.71 (March) to 103.67/70.
Offers have been lowered to 104.40/45 with stops above 104.60/65 while bids are noted at 104.05-01 with stops below there.
Market focus today will be on Federal Reserve’s interest rate decision due out later at 19:00 GMT and although it is widely expected that rates will remain unchanged, traders should pay attention to the tone of Chairman J. Powell’s press conference at 19:30 GMT. As U.S. election results are closer to the finishing line, investors should keep an eye out for latest election count.
AceTraderFx Nov 06 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 06 Nov 2020 05:30GMT
USD/JPY - 103.65… The greenback recovers after yesterday’s sell. The pair met renewed selling at 104.55 in Australia on Thursday and fell to 104.23 at Asian open and despite rebounding to 104.47 at European open, price penetrated September’s 104.01 low and tumbled to a 7-1/2 month bottom at 103.45 in post-FOMC New York on usd’s broad-based weakness as Fed kept interest rates unchanged with loose monetary policy. Price then bounced to 103.76 in Asian morning today on short-covering.
Although dollar’s rebound from 103.45 suggests medium term decline from 111.71 (Mar) has made a minor low and choppy sideways swings would be seen ahead of U.S. key jobs report before prospect of another fall to 103.10/20. Offers are tipped at 103.70/75 with stops above 104.00/05 while bids are noted at 103.20 with stops below there.
Market focus today will be on U.S. jobs data due out at 13:30 GMT. Street forecast for non-farm payrolls is 600k, versus prior readings of 661k. While consensus for average earnings MM/YY are 0.2%/4.6% versus previous readings of 0.1%/4.7%.
AceTraderFx Nov 10 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 09 Nov 2020 05:30GMT
EUR/USD - 1.1833… Although the single currency moved sideways in Asia on Monday, price retreated from 1.1898 at European open to 1.1861 before briefly rising to a 7-week high at 1.1919 in New York morning. However, renewed selling interest emerged and knocked price down to 1.1796 on usd’s broad-based strength due to rally in U.S. Treasury yields before recovering to 1.1836, then 1.1839 in Asian morning today.
Although euro’s rally from last Wednesday’s 3-month trough at 1.1603 to 1.1919 yesterday suggests decline from September’s 2-year peak of 1.2011 has made a temporary low, subsequent sharp retreat would pressure price to 1.1755/60 after consolidation, however, reckon 1.1724 (61.8% r fm 1.1603-1.1919) should hold and yield rebound. Offers are tipped at 1.1835/40 with stops above 1.1860 while bids are noted at 1.1790-85 with more below and stops below 1.1740-30.
On the data front, Germany will release ZEW economic sentiment and ZEW current conditions at 10:00 GMT, street forecasts are 41.7 and -65.0 respectively, which are significantly lower than prior readings of 56.1 and -59.5.
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 2020 05:30GMT
USD/JPY - 105.27… The greenback found renewed buying at 105.01 in Asia on Wednesday and rose to 105.54 in early European trading and then gained to a 3-week high at 105.67 in holiday-thin North American session as U.S. markets were closed for Veterans Day holiday due to usd’s broad-based strength before retreating to 105.22 in Asian morning today on active safe-haven yen buying.
Despite dollar’s brief break above Monday’s 105.64 high to 105.67, subsequent retreat and intra-day break of 105.37/40 suggests near term upmove from last Friday’s 7-1/2 month trough at 103.18 has made a temporary top and below 105.01 would head to 104.72/74, however, reckon 104.43 (50% r) should hold and yield another bounce.
Some bids are noted at 105.00-104.95 with stops below 104.70.
While offers are tipped at 105.60/65 with stops above 106.00/10.
On the calendar front, U.S. will release CPI MM/YY at 13:30 GMT, with street forecasts at 0.1%/1.3% versus prior readings of 0.2%/1.4%. At the same time, weekly jobless claims and continued jobless claims will be due out and consensus are at 735k and 6.900M respectively versus previous readings of 751k and 7.285M. Traders should also remain cautious on U.S. election related headlines.
AceTraderFx Nov 13 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 13 Nov 2020 05:30GMT
USD/JPY - 104.88… The greenback met renewed selling at 105.47 at Asian open yesterday and later retreated to 105.08 in New York after on cross-buying in Japanese yen, then fell to 104.87 in Asian morning today due to drop in U.S. Treasury yields.
Despite dollar’s resumption of upmove from last Friday’s 7-1/2 month trough at 103.18 to 105.64 on Monday, then Wednesday’s brief break there to a 3-week high at 105.67, subsequent retreat suggests first leg of correction has ended and below 104.70/74 would bring stronger retracement to 104.43 (50% r) before prospect of another bounce. Some bids are noted at 104.75-70 with stops below 104.50 while offers are tipped at 105.45/50 with stops above 105.80/85.
On the calendar front, U.S. will release PPI at 13:30 GMT followed by University of Michigan sentiment at 15:00 GMT, with street forecasts at 82.0 versus prior readings of 81.8.
AceTraderFx Nov 16 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 16 Nov 2020 05:30GMT
USD/JPY - 105.54… Although the greenback opened higher and gained to 104.87 (Reuters) in New Zealand today, price met renewed selling on continued usd’s weakness and fell below Friday’s 104.57 low to 104.54.
Despite dollar’s rally from November’s 7-1/2 month trough at 103.18 to a 3-week high at 105.67 last Wednesday, subsequent erratic fall to 104.57 on Friday, then intra-day brief break there suggests first leg of correction has ended and mild downside bias would be seen, however, reckon 104.43 (50% r) should hold and yield rebound, above 105.14/15 would head back to 105.62/67.
Bids are noted at 104.45 with stops below there while offers are tipped at 104.85/90 with more above and stops above 105.50.
On the calendar front, U.S. will only release New York Fed manufacturing index at 13:30 GMT and we have San Francisco Fed’s President Mary Daly scheduled to speak later at 18:45 GMT followed by Federal Reserve Vice Chair Richard Clarida at 19:00 GMT on U.S. monetary policy.
AceTraderFx Nov 17 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 17 Nov 2020 05:30GMT
EUR/USD - 1.1861… The single currency went through a roller-coast ride. Although euro rose from 1.1830 in New Zealand to 1.1868 in early European trading, price erased intra-day gains and fell to 1.1815 at New York open. However, the pair then staged a strong rebound to 1.1856 near New York close on return of risk sentiment after Moderna Inc reported positive Covid-19 vaccine results as well as rise in U.S. stocks. Price then edged higher to 1.1866 in Asian morning today.
Despite yesterday’s retreat from 1.1868 to 1.1815, subsequent strong rebound suggests pullback has ended and near term upmove from last Wednesday’s 1.1746 low would head to 1.1890 after consolidation but break needed to bring re-test of November’s 7-week high of 1.1919, above would extend recent uptrend from November’s 3-month trough at 1.1603 to 1.1660/65 before prospect of another fall.
Bids are noted at 1.1845-40 with more below and stops below 1.1800 while offers are tipped at 1.1880/90 with stops above 1.1915/20.
Although there are no major data from the euro zone today, we have a couple of ECB officials scheduled to speak with focus on President Christine Lagarde at 16:00 GMT where she participates in an online Q&A during the Bloomberg New Economy Forum. Traders should also pay close attention to Covid-19 vaccine headlines as well as U.S. election related news.
AceTraderFx Nov 18 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 18 Nov 2020 05:30GMT
EUR/USD - 1.1855… The single currency initially gained to 1.1867 in Asian morning yesterday before retreating to 1.1844 in European morning on cross-selling in euro. However, renewed buying interest emerged and price rallied to a 1-week high at 1.1893 shortly after New York open but only to weaken again to 1.1858 on profit-taking, then to 1.1851 in Asian morning today.
Despite euro’s resumption of upmove from last Wednesday’s 1.1746 low to 1.1893 yesterday, subsequent retreat suggests choppy trading below November’s 7-week peak at 1.1919 would continue and below 1.1815 would bring stronger retracement to 1.1788/90 but 1.1746 should hold, yield another bounce.
Some offers are tipped at 1.1865/70 with stops above 1.1900 while bids are noted at 1.1845 with move below and stops below 1.1800.
On the data front, EU will release HICP and core HICP at 10:00 GMT and we have a few ECB officials scheduled to peak, please refer to our EI page for more details.
AceTraderFx Nov 19 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 19 Nov 2020 05:30GMT
EUR/USD - 1.1848… The single currency went through a roller coaster ride on Wednesday. Although euro gained from 1.1851 in Asian morning to 1.1891 in European morning on usd’s weakness, price retreated to 1.1853 at New York open and then rebounded to 1.1877 but only to drop again to 1.1833 shortly after Asian open today on safe-haven usd buying due to later fall in U.S. stocks.
Although euro’s resumption of upmove from last Wednesday’s 1.1746 low to 1.1893 on Tuesday suggests early correction from November’s 7-week peak at 1.1919 has ended, subsequent erratic fall and intra-day break of 1.1844 support to 1.1833 signals consolidation with downside bias would be seen for weakness to 1.1800 but 1.1788/90 should hold and yield rebound.
Therefore, selling on recovery is favoured, offers are tipped at 1.1850/55 with more above and stops above 1.1900 while bids are noted at 1.1805-00 with stops below there.
Market focus today will be ECB’s President Christin Lagarde’s comments as she appears at the Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Frankfurt at 08:00 GMT and as ESRB Chair at 10:00 GMT.
AceTraderFx Nov 20 : Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time : 20 Nov 2020 05:30GMT
EUR/USD - 1.1871… The single currency went through a volatile session on Thursday. Although euro rebounded from 1.1833 at Asian open to 1.1852 at European open, price dropped to 1.1817 on active safe-haven usd buying. However, the pair erased intra-day losses and rallied to 1.1882 near New York close as U.S. Democrats and Republicans agreed to resume Covid-19 relief talks before weakening to 1.1866 in Australia today on profit-taking but then recovered to 1.1878 in Asian morning.
Despite euro’s erratic fall from Tuesday’s 1-week high at 1.1893 to 1.1817 yesterday, subsequent rise to 1.1882 suggests re-test of November’s 7-week peak at 1.1919 would be seen after consolidation, where break would extend recent upmove from November’s 3-month trough at 1.1603 to 1.1935/40 before prospect of retreat due to loss of upward momentum.
Bids are noted at 1.1870-65 with move below and stops below 1.1830 while offers are tipped at 1.1900/10 with stops above 1.1940/50.
On the data front, only Italy will release industrial orders and industrial sales at 09:00 GMT. Also, market focus will be at 08:00 GMT, where ECB President Christine Lagarde will speak at the online Frankfurt European Banking Congress, followed by German Finance Minister Olaf Scholz and European Commission Vice President Frans Timmermans. Traders should also keep an eye out for any U.S. stimulus talks related headlines.
AceTraderFx Nov 23 : Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time : 23 Nov 2020 05:30GMT
USD/JPY - 103.75… Although the greenback recovered from 103.79 to 103.86 in New Zealand, price retreated to 103.72 in holiday-thin Asian morning as Japanese markets are off for Labour Thanksgiving Day due to renewed usd’s weakness together with drop in U.S. Treasury yields.
Despite dollar’s strong rebound from last Wednesday’s 8-day low at 103.66 to 104.21 on Thursday, subsequent retreat to 103.71 on Friday suggests recovery has ended and decline from November’s peak at 105.67 would head to 103.45/50 after consolidation, however, ‘loss of downward’ momentum should keep price above November’s 7-1/2 month trough of 103.18.
Hence, selling on pullback is still favoured, offers are tipped at 103.85/90 with more above and stops above 104.40 while bids are noted at 103.50-45 with stops below there.
On the calendar front, U.S. will release national activity index at 13:30 GMT, followed by Markit manufacturing PMI and Markit services PMI at 14:45 GMT with street forecasts at 53.0 and 55.3 respectively versus prior readings of 53.4 and 56.9. We also have Richmond Fed President Thomas Barkin scheduled to peak at 17:30 GMT and then San Francisco President Mary Daly at 18:00 GMT.