AceTraderFx Dec 14: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 14 Dec 2021 05:30GMT
EUR/USD - 1.1279… Trading the euro was tricky again on Mon as despite meeting renewed selling at 1.1319 (AUS) n then intra-day brief break of Fri’s 1.1266 low to 1.1261 in European morning, price rebounded due to broad-based usd’s weakness to 1.1307 in NY b4 retreating.
Euro’s daily wild swings after early rebound fm Nov’s 16-month bottom at 1.11787 to 1.1382 are likely to continue as traders are keeping their power dry ahead of Wed’s Fed’s monetary policy announcement n dot plot, then ECB monetary policy meeting Thur, however, the volatile price action fm 1.1187 is developing into a bearish triangle, as long as 1.1354 (C-leg top) holds, a ‘downside break’ is envisaged.
Offers ar tipped at 1.1300/10 with stops abv 1.1330 while bids are noted at 1.1270-60 with stops below 1.1225.
The only eco. data due out from euro area countries is EU’s industrial production.
AceTraderFx Dec 15: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 15 Dec 2021 05:30GMT
EUR/USD - 1.1262… Euro is nursing loss in subdued Asian morning after yesterday’s fall from 1.1325 to 1.1254 as usd regained traction in New York session as traders loaded up long usd position in expectation of at least a hawkish tilt by the Fed at the end of today’s 2-day FOMC meeting.
A break f last week low at 1.1229 (Tue) would signal a ‘downside break’ of the 3-week long bearish triangle formation (see our technical page for details) has taken place, then price would re-test Nov’s 16-month trough at 1.1187 n later 1.1139.
Offers have been lowered to 1.1270/80 with stops above 1.1300, more stops are reported above 1.1325 while bids are noted at 1.1255-45 with stops below 1.1225.
The euro area countries will release a slew inflation data (please refer to our EI page for details). After Wed’s FOMC, we have ECB monetary policy meeting on Thur n market is looking for dovish hold by the ECB, if this is the case, euro will be bashed lower.
AceTraderFx Dec 16: Intra-Day News and Views & data to be released today –USD/JPY
Intra-Day Market Moving News and Views
Update Time: 16 Dec 2021 05:30GMT
USD/JPY - 114.10… Dlr maintains a steady to firm undertone in subdued Tokyo morning after Wed’s gain to a 2-1/2 week high of 114.26 after expected hawkish tilt by the Fed as well as rising U.S. treasury yields, however, price retreated to 113.96 due to dlr’s broad-based decline vs other G7 currencies on profit taking, a classic ‘buy on rumour and sell on fact’ market scenario.
As y’day’s break of last week’s high at 113.95 (Wed, now sup) n a daily close abv there suggest correction fm Nov’s 3-year peak at 115.51 has ended earlier at 112.54, consolidation with upside bias remains, abv 114.38 (61.8% r fm 115.51) would encourage for further headway to 114.60. Bids are noted at 114.05-113.95 with some stops below 113.80 while offers are tipped at 114.25/35 with stops abv 114.40.
After Wed’s key FOMC announcement, we have data dump fm the U.S. later today, pls refer to our EI page for details n pay attention to weekly n continued jobless claims, then Markit mfg n services PMIs.
AceTraderFx Dec 17: Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time: 17 Dec 2021 05:30GMT
USD/JPY - 113.68… Although dlr pared Thur’s losses n briefly bounced to 113.85 in Tokyo morning but quickly retreated on renewed cross-buying in yen n range trading is in store ahead of BoJ’s monetary policy announcement which comes usually around Tokyo lunch break.
As yesterday’s fall fm 114.25 to 113.57 in NY morning in tandem with U.S. yields suggests recent corrective rise fm Nov’s 6-week trough at 112.54 has ended at 114.26 on Wed, consolidation with downside bias remains, a firm break of 113.57 would add credence to this view n head back to 113.23, then 13.08.
Offers are tipped at 113.85/95 with tops abv 114.00 while bids are noted at 113.60/55 with stops below 113.50.
T.G.I.F. after a tumultuous week n more volatility may continue if global stocks weaken. No U.S. eco. data is due out but we have San Francisco Fed President Daly and Fed Board Governor Waller both speaking at 18:00GMT.
AceTraderFx Dec 20: Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time: 20 Dec 2021 05:30GMT
USD/JPY - 113.57… Dlr pared Friday’s gain n retreated to 113.47 in Tokyo morning due to renewed cross-buying in yen after Friday’s rebound from 113.15 in 113.76 in New York session due usd’s broad-based gain on safe-haven buying following decline in U.S. stocks, U.S. stocks futures continued its recent losing streak with S%P 500 futures currently down over 1% as well as 10-year U.S. yields falling as well.
Despite last week’s fall from 114.26 (Wed) to 113.15 on Friday, subsequent rebound to 113.76 suggests choppy trading above November’s 6-week bottom at 112.54 would continue with mild upside bias.
Bids are noted a 113.45-35 with stops below 113.00 while offers are tipped at 113.75/85 with stop above 114.00.
U.S. eco. calendar is very thin with leading index being the only data due out at 15:00GMT.
AceTraderFx Dec 21: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 21 Dec 2021 05:30GMT
EUR/USD - 1.1285… Despite extending decline fm last week’s high at 1.1360 (Thur) y’day n falling one tick below Fri’s 1.1236 low to 1.1235 in Australia, euro caught a bid in Asia n climbed steadily on broad-based euro buying vs usd, yen n sterling, price later hit session highs of 1.1303 in NY morning b4 retreating to 1.1273.
Last week’s rally fm 1.1223 (Wed) to 1.1360 on Thur n then decline to 1.1235 on Mon suggests the near 4-week long daily choppy swings abv Nov’s fresh 16-month bottom at 1.1187 would continue, as long as 1.1303 holds, consolidation with downside bias remains but below 1.1223 needed to retain bearish prospect of weakness twd 1.1187. Only daily close abv 1.1303 may riks stronger gain twd 1.1360. Offers are tipped at 1.1290/00 with some stops abv 1.1305 while bids are noted at 1.1260-50 with stops below 1.1230. more stops are touted below 1.1220.
The euro area countries will release a slew of eco. data, pls refer to our EI page for details. Pay attention to German Gfk consumer confidence at 07:00GMT, a weaker-than-expected rading will pressure price lower.
AceTraderFx Dec 22: Intra-Day News and Views & data to be released today– EUR/USD
Intra-Day Market Moving News and Views
Update Time: 22 Dec 2021 05:30GMT
EUR/USD - 1.1278… Euro moves relatively narrowly in subdued Asian morning after Tue’s lackluster session. Despite staging a strg rebound on Mon fm 1.1235 to 1.1303, euro met renewed selling at 1.1302 in European morning n retreated to 1.1261 in NY morning b4 staging a short-covering bounce to 1.1295 in Asia.
Although sideways swings are likely to continue as traders await more market news to drive the euro in either direction, as long as 1.1303 holds, price would remain confined inside 1.1223-1.1360 range with downside bias.
Offers are tipped at 1.1295-1.1305 with stops touted above there while bids are noted at 1.1265-60 with stops below there. More stops are reported below 1.1220.
On the data front, we have France’s producer prices n then Italy’s trade balance. ECB member Holzmann will speak at an Austrian National Bank news conference at 09:00GMT.
AceTraderFx Dec 23: Intra-Day News and Views & data to be released today - EUR/USD
Intra-Day Market Moving News and Views
Update Time: 23 Dec 2021 05:30GMT
EUR/USD - 1.1339… The single currency maintains a firm undertone in quiet Asian morning after reclaiming 1.1300 handle y’day. Despite Wed’s intra-day retreat fm 1.1295 to 1.1264 in Asia, price caught a bid in European morning n climbed steadily to 1.1310 on renewed usd’s weakness, price later hit session highs of 1.1342 in NY morning b4 retreating to 1.1319 in Australia.
Despite intra-day firmness, as euro’s rise fm this week’s low at 1.1235 (Mon) suggests price remains confined inside recent broad range of 1.1187-1.1382, as long as last week’s high at 1.1360 (Thur) holds, another decline is likely especially if U.S. eco. data come in stronger than market forecast. Bids are noted at 1.1320-10 with some stops below 1.1300 while offers are tipped at 1.1345/55 with stops abv 1.1360, more stops are reported abv 1.1385.
Economic calendar is pretty light with German import prices being the only data due out n trading will be thin n quiet on Fri’s X’mas Eve.
AceTraderFx Dec 24: Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time: 24 Dec 2021 05:30GMT
USD/JPY - 114.36… Despite climbing marginally abv Thur’s 114.46 high (NY) to a fresh 3-week top of 114.51 in early Tokyo morning, profit taking emerged n pushed price back down to 114.34, suggesting range trading is in store ahead of European open.
As dlr’s cross-inspired rally abv last week’s high at 114.26 (Wed) on Wed to 114.51 today suggests early correction from Nov’s 3-year peak at 115.51 has possibly ended, outlook remains bullish for further headway twd projected target at 114.87 after consolidation, loss of momentum should cap price below 115.00 handle today n trading is likely to be quiet as U.S. markets are closed for X’mas holiday.
Bids are noted at 114.35-25 with stops reported below 113.95 while offers are tipped at 114.50/60 with some stops abv there.
T.G.I.F., as U.S. markets are closed today, no eco. data is due out until markets re-open on Mon.
AceTraderFx Dec 28: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 28 Dec 2021 05:30GMT
EUR/USD - 1.1324… The single currency moves narrowly in subdued Asian morning but its abilty to hold abv 1.1300 handle suggests consolidation with near term upside bias remains.
As price is expected to remain confined ‘inside’ recent established range of 1.1187-1.1382, reckon last week’s high at 1.1360 would cap upside.
European markets are open today after X’mas holiday closure (U.K. market is still closed), however, no euro area eco. data is due out, so range trading may continue until NY open.
AceTraderFx Dec 29: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 29 Dec 2021 05:30GMT
EUR/USD - 1.1306… Euro orbits the 1.1300 handle in relatively subdued Asian morning. Despite last week’s rise fm 1.1235 (Mon) to as high as 1.1343 on Fri, Mon’s sideways swings n then y’day’s intra-day fall fm 1.1333 (Europe) to 1.1290 in NY morning as usd regained traction vs other G7 counterparts suggests consolidation with downside bias would be seen.
As the single currency is expected to remain confine inside recent estabished broad range of 1.1187-1.1382 for the rest of this holiday-abbreviated week with downside bias, selling on recovery is the way to go. Order board is fairly thin with offesr tipped at 1.1320/30 with stops abv 1.1345 while some bids are noted at 1.1295/00 with stops below there.
No eco. data is due out from the euro area countries today.
AceTraderFx Dec 30: Intra-Day News and Views & data to be released today –USD/JPY
Intra-Day Market Moving News and Views
Update Time: 30 Dec 2021 05:30GMT
USD/JPY - 115.03… Dlr remains on the front foot ahead of Japan’s bank holiday on Fri n climbed marginally abv Wed’s 115.03 high to a near 5-week top of 115.06 on continued yen selling, partly due to y’day’s rally in U.S. treasury yields (benchmark 10-year hit 1-month high of 1.56%, circa 1.5479%).
Intra-day firmness suggests price is en route twd 2021 fresh 3-year peak at 115.51 (Nov high), however, a break abv this key level is needed to retain bullishness for further headway twd next projected target at 115.93 next week. Bids are noted at 114.95-85 n more below with stops below 114.50 while offers are tipped at 115.20/25 with stops abv 115.55.
On the data front, U.S. will release werkly jobless claims, continued jobless claims n Chicago PMI. U.S. govt. offices will be closed on Fri in lieu of New Year holiday n U.S. bond market will also close early.
AceTraderFx Jan 04: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: : 04 Jan 2022 05:30GMT
EUR/USD - 1.1300… The single currency gains respite in Asian morning following Mon’s intra-day selloff fm 1.1366 (Europe) to as low as 1.1280 due to broad-based rally in the usd on the back of rising U.S. yields.
Although price has staged a short-covering bounce to 1.1309 due partly to cross-buying of euro vs yen n sterling, as said decline on Mon suggests recent corrective upmove fm Nov’s fresh 16-month bottom at 1.1187 has possibly ended at Fri’s 6-week peak at 1.1386, a daily close below last week’s low at 1.1274 (Wed) would add credence to this view. Offers are tipped at 1.1305/10 n more abv with some stops touted abv 1.1335 while some bids are noted at 1.1280-75 withs stops below 1.1270.
The euro area countries will release a slew of eco. indicators, please refer to our EI page for details. Pay attention to German Nov retail sales (final) n then German jobs data.
AceTraderFx Jan 05: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 05 Jan 2022 05:30GMT
EUR/USD - 1.1289… The single currency moves narrowly in subdued Asian morning after Tue’s roller-coaster ride. Despite Tue’s initial recovery to 1.1309 in Asia, price came under renewed selling n hit a 12-day low of 1.1273 ahead of NY open, price then rallied briefly to 1.1322 in NY morning due to broad-based usd’s weakness after soft U.S. data n retreat in U.S. yields but only to quickly retreat to 1.1279.
As decline fm Fri’s 6-week high at 1.1386 to 1.1273 suggests recent correction fm 1.1187 (Nov) has possibly ended, choppy consolidation with downside bias remains. Offers are tipped at 1.1310/20 with stops abv 1.1330 while bids are noted ay 1.1280/70 with stops touted below 1.1260.
On the data front, today is PMI day in the euro area countries, pls refer to our EI page for details. Pay attention to German n EU’s Markit services PMI at 08:55GMT n 09:00GMT respectively, w weaker-than-expected reading would trigger another round of euro bashing.
AceTraderFx Jan 06: Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time: 06 Jan 2022 05:30GMT
USD/JPY - 115.86… Despite dollar’s broad-based rally in NY afternoon Wed after release of hawkish FOMC minutes, the pair came under heavy selling pressure as broad-based weakness in Asian equities following decline in the Dow triggered active safe-haven yen buying, price fell fm 116.18 to 115.83 in hectic Tokyo morning.
Despite resumption of uptrend to a near 5-year peak of 116.34 on Tue, y’day’s retreat to 115.63 (Europe) suggests temp. top is possibly made n consolidation is in store until release of key U.S. jobs report on Fri. Offers are tipped at 116.00/10 n more abv with stops reported abv 116.35. Bids are noted at 115.80-70 with stops touted below 115.60.
U.S. will release a slew of eco. data later today, pls refer to our EI page for details, pay attention to weekly jobless claims, continued jobless claims n ISM non-mfg index.
AceTraderFx Jan 07: Intra-Day News and Views & data to be released today – USD/JPY
Intra-Day Market Moving News and Views
Update Time: 07 Jan 2022 05:30GMT
USD/JPY - 115.88… Despite extending rebound fm Thur’s 115.64 low to 115.95 (NY) initially to 116.04 in early Tokyo trading, price retreated to 115.84 on lack of follow-through buying, suggesting the daily sideways swings fm Tue’s near 5-year peak at 116.34 would continue ahead of release of key U.S. jobs report later today.
As long as 115.63 (Wed’s reaction low fm 116.34) holds, outlook remains supportive for recent uptrend to head twd projected upside target at 116.86. Bids are noted at 115.75/65 with stops reported below 115.50 while offers are tipped at 116.05/15 with stop abv 116.20 n more stops are touted abv 116.35.
T.G.I.F., market is keenly awaiting the most important U.S. eco. data in the first month of 2022, namely, the non-farm payrolls, street forecast is look for a 400K increase vs previous month’s reading of 210K, if actual figure comes in as per forecast or above, then usd will gain broadly.
Pls refer to details of other U.S. data fm our EI page. We also have San Francisco Fed president Daly n Atlanta Fed president Bostic scheduled to speak in NY session.
AceTraderFx Jan 10: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 10 Jan 2022 05:30GMT
EUR/USD - 1.1339… The single currency remains on the back foot in Asia due partly on cross-selling vs sterling after Fri’s rally fm 1.1293 in post-NFP NY to session highs of 1.1364 due to usd’s broad-based weakness, suggesting sideways swings are in store until European open.
As erratic rise fm last week’s low at 1.1273 (Tue) signals pullback fm 1.1386 has ended there, as long as 1.1331 (Thur high, now sup) holds, consolidation with upside bias remains n abv 1.1364 would head back twd 1.1386 but break there needed to bring stronger retracement of recent downtrend twd 1.1434 later this week. Order board is pretty light with offers tipped at 1.1360/70 n stops abv 1.1390 whole bids are noted at 1.1335/30 with some stops below there.
The euro area countries will release a slew of eco. data, pls refer to our EI page for details. Pay attention to EU’s investor confidence index at 09:30GMT.
AceTraderFx Jan 11: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 11 Jan 2022 05:30GMT
EUR/USD - 1.1341… Euro maintains a steady to firm undertone in Asian morning after a roller-coaster ride on Monday. Despite trading narrowly below Friday’s 1.1364 high in New Zealand on Monday, price met selling at 1.1361 and fell to 1.1321 on cross-selling vs yen n gbp, price briefly bounced to 1.1344 before extending intra-day decline to 1.1286 in New York morning due to broad-based usd’s rebound partly on weakness in U.S. stocks, however, the pair quickly rebounded in tandem with cable to 1.1334, then 1.1343 in Asia.
Range trading is expected as price continues to gyrate inside recent 1.1386-1.1273 broad range and as long as Friday’s 1.1364 high holds, downside bias remains for another fall later.
Bids are noted at 1.1320/10 and more below with stops before 1.1270 while offers are tipped at 1.1350/60 with stops above 1.1365, more stops are touted above 1.1390.
Euro area countries will release a slew of eco. data, please refer to our EI page for details. ECB President Lagarde at the virtual Change of office ceremony at Bundesbank at 10:20GMT.
AceTraderFx Jan 12: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 12 Jan 2022 05:30GMT
EUR/USD - 1.1368… Euro remains on the front foot in subdued Asian morning following intra-day rally in NY session fm 1.1314 to 1.1374 as less hawkish comments by Fed’s J. Powell at his re-nomination hearing led to broad-based usd’s weakness.
Despite intra-day firmness, as price has gyrated inside recent 1.1386-1.1273 broad range, abv upper lvl needed to extend early corrective rise fm Nov’s 16-month bottom at 1.1187 twd 1.1434 later, otherwise, price may well move lower to 1.1285/86.
Bids are noted at 1.1350/40 n more below with stops touted below 1.1310 while offers are tipped at 1.1375/85 with stops reported at 1.1390/00 region.
The euro area countries will release a slew of eco. data in European morning, please refer to our EI page for details. ECB Board Member Enria will make an introductory statement at the European Affairs Committee of the French Senate at 15:30GMT.
AceTraderFx Jan 13: Intra-Day News and Views & data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 13 Jan 2022 05:30GMT
EUR/USD - 1.1439… The single currency stands tall in subdued Asian morning after Wed’s impressive rally abv Dec’s 1.1386 top (now sup) to a near 2-month peak of 1.1452 due to broad-based selloff in the greenback as market unwound long usd positions despite U.S. inflation climbed to 7% as per street forecast which represented the biggest year-on-year jump in almost 40 years.
Wed’s daily close abv 1.1386 to 1.1452 confirms recent upmove fm 2021 16-month bottom at 1.1187 (Nov) has once again resumed n gain to 1.1463 obj. is now envisaged, break would encourage for further headway twd 1.1525 later.
Bids have been raised to 1.1420-10 n more below with stops below 1.1380 while offers are tipped at 1.1450/60 with some stops abv there.
The euro area countries will release a slew of eco. data n we also have a number of ECB officials scheduled to speak in European session, pls refer to our EI page for details.