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

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

17 Nov 2015 02:18GMT
GBP/USD - ....... The British pound was dragged lower from European high at 1.5228 to session low at 1.5182 in European morning by the selloff in euro.
Later, cable pared its losses and rebounded to 1.5219 in New York afternoon, however, renewed selling there sent the pair lower to 1.5197, then to 1.5186 in Asian morning today.

UK will release a batch of inflation related data at 09:30GMT. Most of the figures are expected to come in unchanged from their previous readings so traders should pay more attention to the inflation report hearing at 09:00GMT and in particular to comments from BoE officials that would provide guidance on the route the central bank would take for its rate decisions.

Offers are now seen at 1.5210/20 and more above at 1.5230/40 with stops building up above there whilst initial bids are noted at 1.5120/30, suggesting selling on recovery for further intra-day weakness is favored.

AceTraderFx Nov 18: Intra-Day News and Views (USD/JPY) & data to be released today

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

USD/JPY - ....... Despite a brief retreat from Asian high at 123.43 to 123.18 in early European morning, the greenback found renewed buying and rose marginally higher to intra-day high at 123.49 in New York before retreating again to 123.26 in New York afternoon.
However, dlr pared its losses and rebounded to 123.47 ahead of Tokyo open n continues to trade with a firm bias in Tokyo morning.

Although U.S. will release some housing related data today, market focus is on the release of FOMC minutes later today at 18:00GMT. Traders will look for hints in the statement about a possible December rate hike and the factors that would influence the Fed in making such a decision.

Bids are now seen at 123.20/30 and more below at 123.00/10 with stops building up below there whilst initial offers are noted at 123.80/90, suggesting upside bias would be seen and buying on dips is the favored strategy.
Data to be released on Wednesday:

Australia wage price index, CB leading indicator, Westpac leading index, China house prices, Swiss ZEW investor sentiment, Canada housing starts, U.S. building permit, housing start, and FOMC minutes.

AceTraderFx Nov 18: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
18 Nov 2015 02:05GMT

EUR/USD - .......The single currency met renewed selling at 1.0679 in European morning yesterday and dropped to a fresh 6-1/2 month trough at 1.0631 in New York afternoon on cross-selling of euro vs sterling before stabilising. Euro fell again in late New York afternoon and edged lower to 1.0635 in Asian morning and continues to remain under pressure.

Since there is no major eco. data due today, price is likely to trade with a downside bias with offers noted at 1.0660/70 and some more above at 1.0690/00 with stops building up above there, suggesting selling on pullback for a resumption of recent downtrend is still favored.

In other news, Reuters reported, International creditors are expected to disburse locked aid to Greece and its banks shortly after the Greek parliament ratified reforms agreed with its lenders.
Head of the euro zone finance ministers Jeroen Dijsselbloem said that the talks between Greek authorities and the institutions substantive agreement has been reached on all outstanding issues.

Earlier in the year, Athens signed up to a new aid program worth up to 86 bln euros, but payment of part of an initial tranche had been held up over disagreement on regulations on home foreclosures and handling tax arrears.

AceTraderFx Nov 18: Intra-Day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
18 Nov 2015 02:23GMT

GBP/USD - ...... The British pound ratcheted lower throughout Asia yesteray and hit session lows of 1.5155 in European morning, however, price rebounded swiftly n strongly to 1.5217 in European morning after the release of slightly higher-than-expected UK core CPI.
Despite a brief retreat to 1.5190 at New York open, cable rose to intra-day high at 1.5239, helped by cross-buying of sterling vs euro.
Later, price pared intra-day gain n retreated to 1.5203 in New York afternoon, then lower to 1.5195 in Asian morning today.

Since there no UK eco. data is due out today, price is likely to track euro's intra-day movements, however, traders should also keep an eye on the eur/gbp cross.

Bids have been lowered to 1.5180/90 and more below at 1.5160/70 with stops building up below there whilst initial offers are seen at 1.5260/70, suggesting near term upside bias still remains.

AceTraderFx Nov 19: Intra-Day News and Views (USD/JPY) & data to be released today

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

USD/JPY - ....... The greenback rose from European low at 123.22 to 123.61 in New York morning and briefly spiked down to 123.36 after the release of FOMC minutes.
However, dlr swiftly rose to intra-day high at 123.77 as the minutes showed chances of a rate hike in December are higher than before. Later profit-taking offers pressured the pair lower and price retreated to 123.46 at Tokyo open and remains under pressure.

BoJ will announce its rate decision at around 03:00GMT. Although there is no change expected, traders will await BoJ Governor Kuroda's press conference at 06:30GMT.
Recent data has painted a bleak picture of the Japan economy and pressure has increased on the central bank Chief to introduce new monetary easing measures.

Bids have now been lowered to 123.20/30 and more below at 123.00/10 with stops building up below there whilst initial offers are noted at 123.70/80, suggesting near term mild downside bias would be seen but position traders should look to buy on intra-day dips for a resumption of recent uptrend later.

Data to be released on Thursday:

New Zealand producer prices inputs, 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.

AceTraderFx Nov 19: Intra-Day Market Moving News and Views (EUR/USD)

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

EUR/USD - 1.0687... Despite rising to session high at 1.0692, the single currency tumbled to 1.0623 at New York midday, then lower to intra-day low at 1.0617 after the release of FOMC minutes.
However, euro swiftly pared its losses n rebounded to 1.0672 in New York afternoon. Price continued to ratchet higher and rose to 1.0718 in Asian morning on broad-based long liquidation in dlr.

Traders are now keenly awaiting the release of ECB monetary policy meeting minutes at 12:30GMT. Focus will be on possible hints of further monetary easing steps the central bank may take in the future.

Bids are now seen at 1.0670/80 and more below at 1.0650/60 with stops building up below there whilst initial offers are noted at 1.0730/40, suggesting buying on dips for near term gain is favored.

AceTraderFx Nov 19: Intra-Day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
19 Nov 2015 02:25GMT

GBP/USD - ....... Although the British pound rose to 1.5249 in European morning, price pared its gains and fell to 1.5188 at New York midday.
However, renewed buying there lifted the pair and cable rebounded to 1.5243 in New York afternoon before rallying in Asian morning in tandem with euro to as high as 1.5295 on broad-based weakness in the greenback.

Pay attention to the release of UK retail sales mm n yy at 09:30GMT. Street forecasts are -0.5% n 4.2% vs prev. readings of 1.9% n 6.5%.

Bids are now raised to 1.5260/70 and more below at 1.5240/50 with stops building up below there whilst initial offers are noted at 1.5330/40, suggesting buying on dips is the favored strategy.

AceTraderFx Nov 20: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
20 Nov 2015 01:27GMT

USD/JPY - .......... The greenback fell sharply to 123.09 in Asian morning yesterday and continued to ratchet lower throughout European session. Price eventually fell to an intra-day low at 122.62 on broad-based profit-taking in the buck. However, dlr pared its losses and staged a rebound to 122.89 in New York afternoon, then higher to 123.05 in Tokyo morning today.

Since there is no eco. data due today, price is likely to trade in sideways manner below Wed's post-FOMC high at 123.77.
Offers are now seen at 123.20/30 n more below at 123.40/50 with stops building up above there whilst initial bids are noted at 122.50.

Data to be released on Friday:

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

AceTraderFx Nov 20: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
20 Nov 2015 02:05GMT

EUR/USD - ....... Despite yesterday's rally from European low at 1.0667 to as high as 1.0763 at New York midday on broad-based dlr weakness, the single currency pared its gains n retreated to 1.0717 in New York afternoon before recovering.
However, renewed selling at 1.0740 near New York closing pressured the pair lower and euro retreated to 1.0710 in Asian morning today.

Although there is no major eco. data due today, traders will pay attention to ECB President Draghi's speech at 08:00GMT. The central bank head has been under pressure to introduce new monetary easing measures to stimulate the region's economy n push prices towards their inflation target.

Offers are now seen at 1.0720/30 and more above at 1.0750/60 with stops building up above there whilst initial bids are noted at 1.0670/80, suggesting near term downside bias would be seen, hence selling on pullback is the favored strategy.

AceTraderFx Nov 20: Intra-Day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
20 Nov 2015 02:30GMT

GBP/USD - ........ Although the British pound fell briefly but sharply to session low at 1.5236 in European morning after the release of poor UK retail sales data, price was dragged higher by the weakness in USD and gained to 1.5275 before rallying in tandem with euro to intra-day high at 1.5336 at New York midday.
However, renewed selling there pressured the pair lower and cable tumbled to 1.5286 near New York closing, then lower to 1.5270 in Asian morning before recovering.

Since there is no major eco. data due from UK today, price is likely to track euro's intra-day movements closely. Having said that, traders should also keep a keen eye on EUR/GBP cross.

Offers are now seen at 1.5290/00 and more above at 1.5310/20 with stops building up above there whilst initial bids are noted at 1.5240/50, suggesting selling on intra-day pullback is the way to go.

AceTraderFx Nov 23: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
Update Time: 20 Nov 2015 08:20 GMT

USD/JPY - 123.01
Although intra-day breach of Friday's support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise 'later'.

Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.

Data to be released :

Japan manufacturing PMI. France mfg PMI, Service PMI, Germany Mfg PMI, Service PMI, EU Mfg PMI, Service PMI, U.S. national activity index, Mfg PMI and existing home sales on Monday.

Germany GDP, business climate, current conditions, expectation, France business climate, Swiss non-farm payroll, U.K. distributive trades, Italy wage inflation, trade balance, U.S. PCE prices, GDP, Redbook, caseshiller, consumer confidence, comp index,mfg shipments and services index on Tuesday.

Australia's construction work done, Swiss consumption indicator, France consumer confidence, Italy industrial order, industrial sales, retail sales, U.S. mortgage rate, mortgage market index, purchase index, mortgage refinance index, initial jobless claims, build permits, consumption, core PCE prices, durable goods orders, PCE prices, personal consumption, personal income, home price, home sales on Wednesday.

New Zealand trade export, trade import, trade balance, Australia's building Capex, plant/machinery Capex, capital expenditure, Swiss industrial orders, EU M3 annual growth, Germany CPI and HICP on Thursday.

Japan jobs/applicants ratio, unemployment rate, household spending, CPI, foreign bond investment, foreign invest JP stock, New Zealand business outlook, U.K. consumer confidence, national house price, Germany import price index, consumer sentiment, France consumer spending, producer prices, Italy business confidence, consumer confidence, EU business climate, inflation expectation, consumer confidence, economic sentiment, industrial sentiment, service sentiment, selling price expectation, Canada producer prices, raw material prices and U.S. U Mich sentiment prelim on Friday.

AceTraderFx Nov 23: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
Update Time: 23 Nov 2015 01:19GMT

USD/JPY - ...... The greenback met selling interest at 122.92 at NY close on Fri n despite a brief retreat to 122.76 in New Zealand, price found support above last Thursday's low at 122.62 n staged a rebound to 123.00 at Asian open in thin trading conditions as Japanese markets will remain closed for Labour Thanksgiving Day holiday on Monday.

Pay attention to the release of U.S. manufacturing PMI at 14:45GMT. Street forecast is for a slight decrease to 54.0 fm prev. reading of 54.1.

Offers are now raised to 123.10/20 n more above at 123.30/40 with stops building up above there whilst initial bids are noted at 122.40/50, suggesting choppy trading would be seen ahead of European open.

Data to be released:

Japan manufacturing PMI. France mfg PMI, Service PMI, Germany Mfg PMI, Service PMI, EU Mfg PMI, Service PMI, U.S. national activity index, Mfg PMI and existing home sales on Monday.

Germany GDP, business climate, current conditions, expectation, France business climate, Swiss non-farm payroll, U.K. distributive trades, Italy wage inflation, trade balance, U.S. PCE prices, GDP, Redbook, caseshiller, consumer confidence, comp index,mfg shipments and services index on Tuesday.

Australia's construction work done, Swiss consumption indicator, France consumer confidence, Italy industrial order, industrial sales, retail sales, U.S. mortgage rate, mortgage market index, purchase index, mortgage refinance index, initial jobless claims, build permits, consumption, core PCE prices, durable goods orders, PCE prices, personal consumption, personal income, home price, home sales on Wednesday.

New Zealand trade export, trade import, trade balance, Australia's building Capex, plant/machinery Capex, capital expenditure, Swiss industrial orders, EU M3 annual growth, Germany CPI and HICP on Thursday.

Japan jobs/applicants ratio, unemployment rate, household spending, CPI, foreign bond investment, foreign invest JP stock, New Zealand business outlook, U.K. consumer confidence, national house price, Germany import price index, consumer sentiment, France consumer spending, producer prices, Italy business confidence, consumer confidence, EU business climate, inflation expectation, consumer confidence, economic sentiment, industrial sentiment, service sentiment, selling price expectation, Canada producer prices, raw material prices and U.S. U Mich sentiment prelim on Friday.

AceTraderFx Nov 23: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
23 Nov 2015 02:05GMT

EUR/USD - ...... Despite a brief rebound to 1.0708 in New York morning on Friday, the single currency met renewed selling there and retreated strongly to 1.0641 in New York afternoon.
Euro remained under pressure in New Zealand and Australia and dropped to 1.0613 in Asian morning and continues to edge lower, following the hawkish comments from ECB President Mario Draghi over the weekend.

France, Germany and EZ will release their figures of manufacturing PMIs today and any downbeat figures will further bolster the case of a more loose monetary by the ECB.

Bids are now seen at 1.0605/10 amidst market rumours of substantial barriers around the 1.06 level, suggesting mild upside bias remains in the near term.
However, offers are noted at 1.0660/70 and more above at 1.0680/90.

AceTraderFx Nov 23: Intra-Day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
23 Nov 2015 02:43GMT

GBP/USD - ...... The British pound tumbled to 1.5186 in New York afternoon on Friday, then lower to 1.5177/78 in New Zealand today before stabilising.
Cable met renewed selling at 1.5196 ahead of Asian open and fell sharply in tandem with euro to 1.5158 in Asian morning and continues to remain under pressure.

Since there is no major eco. data due today, price is likely to track euro's intra-day movements. Having said that, traders should also keep an eye on the eur/gbp cross.

Offers are now lowered to 1.5170/80 and more above at 1.5190/00 with stops building up above there whilst initial bids are noted at 1.5120/30, suggesting selling on intra-day pullback is the favored strategy.

AceTraderFx Nov 24: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
24 Nov 2015 01:22GMT

USD/JPY - ....... Despite yesterday's rally to 123.26 in Asian session, the greenback pared its gains and retreated to 123.08 in Europe, then lower to session low at 122.78 in New York afternoon before recovering.
Dlr met renewed selling at 122.96 at Tokyo open as Japanese markets resumed trading after yesterday's market holiday and the pair dropped to 122.79 in Tokyo morning.

There is a slew of data coming out of the U.S. today but pay particular attention to the release of GDP and GDP deflator at 13:30GMT. Street forecasts are 2.0% and 1.2% vs previous readings of 1.5% and 1.2% respectively.

Offers are now seen at 123.00/10 and more above at 123.20/30 with stops building up above there whilst initial bids are noted at 122.30/40, suggesting selling on pullback is the favored strategy.

Data to be released on Tuesday:

Germany GDP, Ifo business climate, Ifo current conditions, Ifo expectation, France business climate, Swiss non-farm payroll, U.K. CBI distributive trades, Italy wage inflation, trade balance, U.S. PCE prices, GDP, Redbook, goods trade balance, consumer confidence, Canada Bank of Canada review.

AceTraderFx Nov 24: Intra-Day Market Moving News and Views (EUR/USD)

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

EUR/USD - ....... Although euro staged a short-covering rebound from Asian low at 1.0601 to 1.0657 in New York morning, price met renewed selling and fell to a fresh 7-month trough at 1.0593 at New York midday.
However, the single currency pared its losses and recovered to 1.0637, then 1.0645 in Asian morning today, helped by cross-buying of euro, especially vs sterling.

Some data worth paying attention to are Germany GDP qq and yy at 07:00GMT.
Street forecasts are for them to remain unchanged at 0.3% and 1.8% respectively.
Later, traders should look at Germany Ifo business climate, current conditions and expectations at 09:00GMT. Market expectations are 108.2, 112.4 and 104.0 Vs previous readings of 108.2, 112.6 and 103.8 respectively.

AceTraderFx Nov 25: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
25 Nov 2015 01:55GMT

USD/JPY - ........ The pair remains under pressure in Asia on renewed broad-based dlr's weakness in Asian morning. Despite staging a recovery from 122.36 to 122.64 in New York morning after upbeat Q3 U.S. GDP, price ratcheted lower on broad-based buying of yen following news of the downing of a Russian Jet by Turkish army near the Syrian border, dlr weakened to session low of 122.31 ahead of New York close before staging at rebound to 122.58 in Australia.

Dlr's intra-day weakness to 122.32 suggests near term downside bias remains, however, reports of bids at 122.25-00 area should contain downside and price should stage a rebound later.
On the upside, offers are noted at 122.55/65 and more above with stops above 123.00.

Pay attention to a slew of U.S. data later today ahead of a holiday-shortened week, this includes weekly jobless claims, core PCE price index, Markit services PMI, new home sales and U. of Michigan consumer confidence.

Data to be released on Wednesday:

Australia's construction work done, Swiss consumption indicator, France consumer confidence, Italy industrial order, industrial sales, retail sales, U.S. mortgage rate, mortgage market index, purchase index, mortgage refinance index, initial jobless claims, build permits, consumption, core PCE prices, durable goods orders, PCE prices, personal consumption, personal income, home price, home sales

AceTraderFx Nov 25: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
25 Nov 2015 02:36GMT

EUR/USD - ...... Euro finally cut its recent losing streak in Tuesday's session.
Price rebounded initially to 1.0645 in Asia and despite a retreat, euro then climbed to 1.0670 in Europe after upbeat German Ifo data. The pair later ratcheted higher to session top of 1.0673 in New York morning before falling back briefly back to 1.0628 following stronger-than-expected U.S/ GDP.

Another bout of buying emerged shortly after Asian open and euro briefly rose to 1.0676. There is talk of a mixture of selling interest and stops above 1.0700 and bids have been raised to 1.0650-40 and more below, so buying euro on dips is favoured.

Some minor EZ data are due out in Europe, these are French consumer confidence, Italy's industrial order and retail sales.

AceTraderFx Nov 25 Intra-Day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
25 Nov 2015 02:32GMT

GBP/USD - ....... Cable finally found respite in active Asian trading after tumbling to a 2-week low of 1.5053 following dovish comments by BoE's Haldane n Governor Carney in European session.

The pound staged a short-covering rebound to 1.5093 in New York afternoon and intra-day rise in euro gave cable another lift in Asia, price rose above 1.5100 to 1.5108, suggesting consolidation with upside bias is in store.
Some bids are noted at 1.5090/80 with stops below 1.5070, more stops are touted below November's bottom at 1.5027. On the upside, offers are reported at 1.5105/10 and more above with stops reported above 1.5160.

U.K. will release BBA mortgage approvals at 09:00GMT. FinMin George Osborne will present spending review and Autumn statement around 12:30GMT.

AceTraderFx Nov 26: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
26 Nov 2015 01:54GMT

USD/JPY - ....... Dlr pares yesterday's intra-day rally from European morning low of 122.26 to 122.94 in New York morning. Price traded with a soft bias in Asian morning as traders are on the sideline after yesterday's broad-based USD's swings.

With U.S. financial markets closed for Thanksgiving Day holiday, the pair is expected to move sideways initially today but as good buying interest was seen in Europe yesterday, consolidation with upside bias is expected.
Bids are noted at 122.60-50 with some stops below there, however, good buying interest is reported at 122.35-25.
Initial offers are noted at 122.75/80 and more above with stops touted above 123.10.

Data to be release on Thursday:

New Zealand trade reports, Australia's building Capex, plant/machinery Capex, capital expenditure, Swiss industrial orders, EU M3 annual growth, Germany CPI and HICP. U.S. markets will be closed on Thursday due to Thanksgiving day holiday.