AceTraderFx : Intra-day Market Moving News and Views on Majors

AceTraderFx Nov 5: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
05 Nov 2015 01:13GMT

USD/JPY - ......... The greenback found renewed buying at 121.00 at European open yesterday and gained to 121.34 in European morning, then rallied to intra-day high at 121.72 in New orkY morning on dlr's broad-based strength following the release of upbeat U.S. services PMI and ISM non-manufacturing PMI data.
However, profit-taking offers there capped intra-day gains and price retreated. Dlr continues to remain under pressure in Tokyo morning after the release of BoJ minutes, weighed by broad-based buying of JPY.

Pay attention to the release of U.S. jobless claims at 13:30GMT. Street forecast is for a slight increase to 262K from previous reading of 260K.

Bids are now lowered to 121.30/40 and more below at 121.10/20 with stops building up below there whilst initial offers are noted at 121.90/00, suggesting buying on dips is still the favored strategy.

Data to be released on Thursday:

Japan BoJ monetary policy meeting minutes, Switzerland consumer confidence, CPI, Germany industrial orders, euro zone retail sales, U.K. BoE inflation report, BoE MPC vote outcome, BoE rate decision, U.S. initial jobless claims, unit labour cost, productivity, and Canada Ivey PMI.

AceTraderFx Nov 5: Intra-day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
05 Nov 2015 01:42GMT

GBP/USD - ......... Despite briefly rising to session high at 1.5445 in European morning, the British pound tumbled in tandem with euro on dlr's broad-based strength on upbeat U.S. data together with hawkish Yellen comments.
Cable eventually hit intra-day low at 1.5360 in NY afternoon, however, cable pared its losses and recovered to 1.5395 in Australia today before retreating again in Asia.

Market focus is now solely on BoE as it releases a number of decisions, surrounding its monetary policy at 12:00GMT. Although no change is expected in the rate decision and QE total, traders should tune in to Governor Carney's conference at 12:45GMT and look out for any hints he drops regarding the path the central bank will take to raising its rates.

Offers are now seen at 1.5390/00 and more above at 1.5410/20 with stops building up above there whilst initial bids are noted at 1.5320/30, suggesting downside bias would be seen and hence selling on pullback is the way to go.

AceTraderFx Nov 5: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
05 Nov 2015 07:35GMT

EUR/USD - ........ Despite gaining respite in Asia and staged a minor recovery to 1.0877 after yesterday's selloff to a 3-month trough of 1.0844 in New York, the pair came under renewed selling pressure as euro bears gave the single currency a fresh bashing on downbeat German data at European open.

Reuters reported German industrial orders dropped unexpectedly in September, the third consecutive monthly fall, due mainly to weaker foreign demand, data showed on Thursday, in a sign that Europe's biggest economy may loose steam at the end of this year.

Contracts for 'Made in Germany' goods were down by 1.7% on the month, the economy ministry said. That compared with a Reuters consensus forecast for a rise of 1.0%.
German factories received 2.4% fewer bookings from abroad, driven by a 6.7% slide in demand from euro zone countries, while domestic orders fell by 0.6%.
The data for August was confirmed as a 1.8% fall.
"Overall, the industrial orders are currently in a weak phase," the ministry said.
News from Reuters, on ECB's SMETS comments:
-Sees risk that inflation expectations become unanchored.
-Governing council will make fresh assessment of the situation at next meeting.
-All options open to ECB, could adjust scope, make-up and term of bond purchases.

AceTraderFx Nov 6: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
06 Nov 2015 01:03GMT

USD/JPY - ......... The greenback rose from Asian low at 121.39 to intra-day high at 122.01 at New York open, however, price pared its gains and retreated to 121.52 at New York midday, weighed down by the release of mildly downbeat U.S. jobless claims. Later, dlr staged a rebound to 121.80 in New York afternoon before retreating again and remaining under pressure at Tokyo open.

Market focus is now solely on the release of U.S. jobs report. Street forecast of non-farm payroll is for an increase to 180K from previous reading of 142K whilst unemployment rate is expected to remain unchanged at 5.1%. An upbeat employment report would further boost the case of a December rate hike n send the dlr higher.

Bids are now seen at 121.40/50 and more below at 121.10/20 with stops building up below there whilst initial offers are noted at 122.10/20, suggesting choppy trading would be seen ahead of the jobs report release.

Data to be released on Friday:

Australia AIG construction index, Japan leading indicator, Germany industrial output, France budget balance, trade reports, U.K. Halifax house price, industrial output, manufacturing output, trade balance, U.S. non-farm payrolls, unemployment rate, average earnings, and Canada building permits, employment change, unemployment rate.

AceTraderFx Nov 6: Intra-day Market Moving News and Views (GBP/USD)

Attached Image

Intra-day Market Moving News and Views
06 Nov 2015 02:00GMT

GBP/USD - ........ Despite trading sideways in Asia and edging up to session high at 1.5402 in European morning, the British pound tumbled after the Bank of England hinted that rates could remain on hold for some time heading into next year.
Cable continued to ratchet lower to and hit an intra-day low at 1.5207 in late New York afternoon. Price finally gained some respite and staged a minor rebound to 1.5220 in Asian morning today before retreating again.

Traders should pay attention to the release of UK industrial and manufacturing output at 09:30GMT.
Offers are now seen at 1.5230/40 and more above at 1.5250/60 with stops building up above there whilst initial bids are noted at 1.5180/90, suggesting selling on pullback for a resumption of recent downtrend is still favored.

AceTraderFx Nov 6: Intra-day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
06 Nov 2015 09:36GMT

GBP/USD - ........ Cable came under renewed selling pressure after recovering from o/n New York low at 1.5204 to 1.5220 in Asia and then fell to 1.5164 in European morning before staging a brief bounce to 1.5179 following the release of a mixed batch of UK economic data.

National Statistics said on Friday that U.K. trade balance rose to a seasonally adjusted -9.35 bln pounds in September, from -10.79 bln pounds in the preceding month whose figure was revised up from -11.15 bln pounds.

Separately, National Statistics said that U.K. manufacturing production rose to a seasonally adjusted 0.8% in September, from 0.4% in the preceding month whose figure was revised down from 0.5%, whilst U.K. industrial production fell more than expected to a seasonally adjusted -0.2% in the same period, from 0.9% in August whose figure was revised down from 1.0%.

AceTraderFx Nov 9: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
09 Nov 2015 01:02GMT

USD/JPY - ........ The greenback rallied to as high as 123.27 at New York midday on Friday after the release of an upbeat U.S. jobs report increased speculation that the Fed will raise its rates in December this year. Dlr opened higher to 123.36 in New Zealand n continued to trade with a firm undertone in Tokyo morning.

Since there is no major eco. data due today, traders in Asia and Europe are likely to trade the buck on Friday's jobs report. Bids are seen at 122.90/00 and more below at 122.70/80 with stops building up below there whilst initial offers are noted at 123.50/60, suggesting upside bias would be seen.

Data to be released next week:

Germany imports, exports, trade balance, EU Sentix index, Canada housing starts and U.S. employment trends on Monday.

Japan current account, economy watcher poll, Australia housing finance, invest housing finance, business condition, business confidence, China CPI, PPI, Swiss unemployment rate, France industrial output, Italy industrial output, U.S. business optimism, export prices, import prices, Redbook, wholesale inventories and wholesale sale on Tuesday.

China urban investment, industrial output, retail sales, U.K. average earning, claimant count unemployment change, unemployment rate, mortgage market index and mortgage market refinance index on Wednesday.

New Zealand manufacturing PMI, Japan corp goods price, machinery orders, U.K. housing survey, Australia employment, unemployment rate, Germany CPI final, HICP final, France CPI, current account, inflation ex-tobacco, EU industrial production, Canada new housing price index and U.S. Federal budget on Thursday.

Japan capacity untilisation index change, industrial output, France GDP preliminary, non-farm payrolls, Germany GDP flash, Swiss producer import price, Italy GDP Prelim, consumer prices, CPI, EU Eurostat trade, GDP flash, U.S. retail sales ex-auto, retail sales ex-gas/auto, retail sales and business inventories on Friday.

AceTraderFx Nov 9: Intra-day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
09 Nov 2015 02:00GMT

GBP/USD - ....... The British pound tumbled in tandem with euro to 1.5029 at New York open on Friday post U.S. jobs report release and despite a brief rebound to 1.5087, price met renewed selling and dropped to session low at 1.5027 in New York afternoon.
However, cable pared its losses and staged short-covering recovery to 1.5065 in New Zealand today and continues to trade with a firm undertone.

Since there is no major eco. data due today, price is likely to track euro's intra-day movements closely.
Offers are seen at 1.5080/90 and more above at 1.5100/10 with stops building up above there whilst initial bids are noted at 1.5010/20, suggesting selling on pullback for another decline today is the way to go.

AceTraderFx Nov 10: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
10 Nov 2015 01:05GMT
USD/JPY - ...... Although the greenback resumed its recent ascent and rose to session high at 123.61 in European morning, price pared its gains and retreated to intra-day low at 122.97 in New York afternoon on profit-taking and due to the selloff in U.S. equities. Dlr staged a rebound to 123.19 at Tokyo open but renewed selling interest there capped intra-day gain and price fell once again.

U.S. will release a slew of data today, ranging from export n import price index to wholesale inventories and sales. On the whole, the release of better-than-expected data would further strengthen the case of a Fed rate hike in December this year.

Bids are now seen at 122.80/90 and more below at 122.60/70 with stops building up below there whilst initial offers are noted at 123.60/70, suggesting choppy trading would be seen for the time being.

Data to be released on Tuesday:

Japan current account, economy watcher poll, Australia housing finance, invest housing finance, business condition, business confidence, China CPI, PPI, Swiss unemployment rate, France industrial output, Italy industrial output, U.S. business optimism, export prices, import prices, Redbook, wholesale inventories and wholesale sale.

AceTraderFx Nov 10: Intra-day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
10 Nov 2015 2:01GMT

GBP/USD - ........ The British pound also gained some respite on Monday and rose to 1.4115 in European morning on short-covering, then higher to session high at 1.5129 in New York session, helped by cross-buying of sterling vs euro before easing.
Cable continued to trade with a firm undertone in Australia and Asia today and gained to 1.5124 before retreating.

Traders are now awaiting the inflation report hearing at 09:00GMT, which will provide a greater insight into the country's economic outlook and as to when the Bank of England will look to raise its rates.

Offers have been raised to 1.5140/50 and more above at 1.5170/80 with stops building up above there whilst initial bids are noted at 1.5070/80, suggesting choppy trading would be seen ahead of the inflation report.

AceTraderFx Nov 11: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
11 Nov 2015 01:18GMT

USD/JPY - ....... Despite edging up to session high at 123.44 in New York morning yesterday, failure to penetrate Monday's high at 123.61 triggered profit-taking and price retreated to 123.05 in New York afternoon before recovering.
However, renewed pressure at 123.29 sent the pair lower and dlr fell further in Tokyo morning to 122.83, due partly to the initial retreat in Nikkei-225 index.

There is no eco. data due from U.S. today as markets will be closed for Veterans day holiday, hence trading is likely to be thin with bids now lowered to 122.60/70 and some more below at 122.40/50 with stops building up below there whilst initial offers noted at 123.40/50.

Data to be released on Wednesday:

China urban investment, industrial output, retail sales, U.K. average earning, claimant count unemployment change, unemployment rate, mortgage market index and mortgage market refinance index. It is Veterans Day in U.S. and Remembrance Day in Canada on Wednesday.

AceTraderFx Nov 10: Intra-day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
11 Nov 2015 2:02GMT

GBP/USD - ....... Despite edging lower to session low at 1.5092 in European morning, the British pound rose briefly to intra-day high at 1.5146 at New York open before easing.
Cable met renewed buying at 1.5102 n continued to ratchet higher in late New York before rising sharply in Asian morning to 1.5186, helped by cross-buying of sterling vs euro.

Pay attention to the release of UK unemployment data at 09:30GMT. Street forecast for claimant count is 1.5K vs previous reading of 4.6K whilst unemployment rate is expected to remain unchanged at 5.4%.

Bids are now raised to 1.5130/40 and more below at 1.5110/20 with stops building up below there whilst initial offers are seen at 1.5200/10, suggesting buying on dips for near term gain is the way to go.

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

Intra-day Market Moving News and Views
12 Nov 2015 01:17GMT

USD/JPY - ........ The greenback rose from session low at 122.74 in Asia to intra-day high at 123.21 in European morning, however, the dlr pared its gains and retreated to 122.85 at New York midday, then marginally lower to 122.83 in late New York.
Price continued to remain under pressure n dropped to 122.74 ahead of Tokyo open on dlr's broad-based weakness. Later, the pair found renewed support there and rebounded to 122.88 in Tokyo morning on broad-based selling of jpy.

U.S. will release its jobless claims at 13:30GMT. Street forecast is for a decrease to 270K from previous reading of 276K. An upbeat data would further bolster the case of a December rate hike, following last Fri's robust jobs report.
Later, attention will shift to Fed Chair Yellen's speech at 14:30GMT at the Fed's policy conference. Traders should be on the lookout for the language used by her, regarding the timing of the first rate hike.

Offers are now seen at 122.90/00 and more above at 123.10/20 with stops building up above there whilst initial bids are noted at 122.40/50, suggesting selling for near term weakness is favored but position traders should look to buy on further pullback.

Data to be released on Thursday:

New Zealand manufacturing PMI, Japan corp goods price, machinery orders, U.K. housing survey, Australia employment, unemployment rate, Germany CPI final, HICP final, France CPI, current account, inflation ex-tobacco, EU industrial production, Canada new housing price index and U.S. Federal budget.

AceTraderFx Nov 12: Intra-day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
12 Nov 2015 02:22GMT

GBP/USD - ........ Despite yesterday's brief retreat from Asian high at 1.5186 to 1.5134 in European morning, the British pound found renewed buying there and rose after data showed a drop in UK unemployment.
Cable continued to ratchet higher gained to 1.5220 in North American session and then higher to 1.5247 in Asian morning today before easing off.

Since there is no major eco. data due today, price is likely to track euro's intra-day movements with bids seen at 1.5190/00 and more below at 1.5170/80 with stops building up below there whilst offers are noted at 1.5250/60, suggesting near term upside bias would be seen.

AceTraderFx Nov 13: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
13 Nov 2015 01:50GMT

USD/JPY - ...... Dlr finally pares initial loss after extending yesterday's decline caused by broad-based weakness in the greenback in New York session to 122.55 near Thursday's close and hit a marginal low of 122.50 as the Nikkie lower following o/n weakness in the Dow, however, traders bought the pair when the N225 index staged a recovery.

Looks like a minor low has been made and sideways trading is in store in Asia morning but offers at 123.00/10 area should cap intra-day rebound, suggesting selling the dlr on further recovery is recommended.
Bids are noted at 122.55/50 with stops now touted below there, however, more buying interest is reported near 122.35-30.

Pay attention to key U.S. retail sales later today, market is looking for Oct monthly retail sales to come in at 0.3% vs previous reading of 0.1%. A robust number wud trigger another bout of usd buying whilst a disappointed figure shud meet renewed renewed selling.

Data to be released on Friday:

Japan capacity untilisation index change, industrial output, France GDP preliminary, non-farm payrolls, Germany GDP flash, Swiss producer import price, Italy GDP Prelim, consumer prices, CPI, euro zone trade data, GDP flash, and U.S. retail sales, PPI and business inventories.

AceTraderFx Nov 13: Intra-day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
13 Nov 2015 02:13GMT

GBP/USD - ...... Despite eur's intra-day rally in New York morning and afternoon sessions, cable only manage to stage a rebound from European low of 1.5174 to 1.5214, just shy of Thursday's Asian peak of 1.5247 as dovish comments by BoE Chief Economist Andy Haldane (see 01:06GMT update) dampened bullish sentiment on the pound.

Although choppy trading inside 1.5247-1.5174 range is expected, cable may track intra-day price swings in the euro as no U.K. data is due out today.
Offers are noted at 1.5235-45 with stops reported above 1.5255, initial bids are touted at 1.5200-90 and more below with stops below 1.5170.

AceTraderFx Nov 13: Intra-day Market Moving News (GBP/USD)

Intra-day Market Moving News
13 Nov 2015 06:16GMT

GBP/USD - ...... Reuters reported early comments by BoE's Haldane. The Bank of England does not see British households or businesses piling on too much debt, its chief economist Andy Haldane said on Friday, although he added that it bears watching.

"In general, we don't see at the moment either households or businesses layering on debt with a trowel ... because people are still scarred by the crisis experience," Haldane told BBC radio.

Asked how a U.S. Federal Reserve interest rate hike would affect the BoE's thinking, Haldane said monetary policy in other countries mattered hugely to the BoE, but moves abroad do not prompt automatic policy responses in Britain.

He added that it would be "extraordinary" if regulators thought their job was done on financial regulation, even after widespread reforms brought in over the last few years since the financial crisis.

AceTraderFx Nov 16: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
16 Nov 2015 01:29GMT

USD/JPY - ........ Despite the greenback's rise to session high at 122.99 in New York afternoon on Friday, price retreated sharply to around 122.60 near New York close.
Dlr opened significantly lower in New Zealand today and dropped to intra-day low at 122.21 on broad-based buying of yen on risk aversion, following Friday's Paris attacks.

However, the pair pared its losses and staged a strong short-covering rebound to 122.61 on speculation that the BoJ will announce new easing measures after data showed Japan's economy slid back into recession in July-September.

Offers have now been raised to 122.60/70 and more above at 122.80/90 with stops building up above there whilst initial bids are seen at 121.90/00, suggesting initial upside would be seen but traders should look to sell on pullback for subsequent weakness.

Data to be released:

New Zealand retail sales, U.K. Rightmove house price index, Japan GDP, euro zone inflation, U.S. NY empire state manufacturing index, and Canada manufacturing sales on Monday.

Australia RBA meeting minutes, New Zealand inflation expectation, Italy trade balance, U.K. CPI, PPI, RPI, Germany ZEW reports, euro zone ZEW economic sentiment, U.S. CPI, Redbook, capacity utilization, industrial output and NAHB housing market index, net L-T Flows, net capital flows on Tuesday.

Australia wage price index, China house prices, Swiss investor sentiment, Canada housing starts, U.S. building permit and housing start, FOMC minutes Wednesday.

New Zealand producer prices, PPI output, Japan export import trade balance, BoJ rate decision and press conference, industry activity index, Swiss trade balance, export, import, EU current account, U.K. retail sales, CBI trends, U.S. jobless claims, Philly Fed Business index, leading index and Canada wholesale trade on Thursday.

Japan BoJ economic survey, Germany producer prices, U.K. public sector net borrowing, Canada CPI and EU consumer confidence flash on Friday

AceTraderFx Nov 17: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
17 Nov 2015 01:16GMT

USD/JPY - ...... Despite the initial gap-down open and retreat to session low at 122.21, the greenback rose to 123.14 at New York open, then higher to 123.28 in late New York afternoon before easing. Dlr found renewed buying at 123.16 and gained to 123.34 ahead of Tokyo open on increased speculation that BoJ would announce new easing measures after data yesterday showed Japan slipped back into recession.

U.S. is set to release a slew of eco. data but traders shud pay particular attention to CPI mm and yy at 13:30GMT. Street forecasts are 0.2% and 0.1% vs previous readings of -0.2% and 0.0% respectively. As long as there is no surprise to the downside, speculation of a December rate hike will remain.

Bids are now seen at 123.00/10 and more below at 122.70/80 with stops building up below there whilst initial offers are noted at 123.60/70, suggesting upside bias remains and one should look to buy on intra-day dips.

Data to be released on Tuesday:

Australia RBA meeting minutes, New Zealand inflation expectation, Italy trade balance, U.K. CPI, PPI, RPI, DCLG house price, Germany ZEW reports, euro zone ZEW economic sentiment, U.S. CPI, Redbook, weekly real earnings, capacity utilization, industrial output and NAHB housing market index, net L-T Flows, net capital flows.

AceTraderFx Nov 17: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
17 Nov 2015 01:38GMT

EUR/USD - ....... The single currency found renewed selling at 1.0758 at European open yesterday and continued to ratchet lower throughout New York session and hit an intra-day low at 1.0674 in late New York afternoon on euro's broad-based weakness before stabilising.
The pair met renewed pressure at Asian open and dropped below yesterday's low to 1.0661 in Asian morning and continues to remain under pressure.

Pay attention to the release of Germany ZEW current conditions n economic sentiment at 10:00GMT. Street forecasts are 55.5 and 6.0 vs previous readings of 55.2 and 1.9 respectively.

Offers are now lowered to 1.0690/00 and more above at 1.0710/20 with stops building up above there whilst initial bids are noted at 1.0610/20, suggesting selling on recovery for a resumption of recent decline is still favored.