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

AceTraderFx Dec 7: Intra-Day Market Moving News and Views (GBP/USD)

Intra-Day Market Moving News and Views
07 Dec 2015 02:22GMT

GBP/USD - ....... Despite falling to 1.5082 in New York afternoon on Friday, the British pound pared its losses and rebounded to 1.5117 in late New York afternoon.
Price met renewed selling ahead of Asian open and retreated in tandem with euro to 1.5098 at Asian open 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 closely.
Having said that, one should keep a keen eye on eur/gbp cross.
Bids are now lowered to 1.5070/80 and more below at 1.5050/60 with stops building up below there whilst initial offers are noted at 1.5130/40, suggesting st traders should look to sell on minor recovery but position trader should buy on dips for a resumption of recent uptrend.

AceTraderFx Dec 8: Intra-Day News and Views (USD/JPY) & data to be released today

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

USD/JPY - ........ The greenback resumed its recent ascent post the release of Friday's upbeat U.S. jobs report and gained to session high at 123.48 in European morning yesterday, however, broad-based buying of JPY pressured the pair lower to 123.20 at New York midday.
Later, price staged a rebound to 123.40 ahead of Tokyo open before falling again to 123.22 as data showed Japan narrowly avoided a technical recession.

Since there is no major eco. data releases from U.S. today, price is likely to trade with a similar bias today.
Bids are now seen at 123.10/20 and more below at 122.90/00 with stops building up below there whilst initial offers are noted at 123.50/60 and more above at 123.70/80.

Data to be released on Tuesday:

New Zealand manufacturing sales, Japan current account, economy watchers poll, GDP, U.K. retail sales, industrial output, manufacturing output, Australia business conditions, business confidence, China exports, imports, trade balance, France budget balance, exports, imports, trade balance, euro zone's GDP, U.S. business optimism, Redbook, Canada house starts and building permits

AceTraderFx Dec 8: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
08 Dec 2015 02:00GMT

EUR/USD - ....... Although the single currency remained under pressure in Asia yesterday and dropped to session low at 1.0796 at New York open, price pared its losses and rebounded to 1.0860 in New York morning.
However, euro met renewed selling there and retreated to 1.0831 at New York closing before continuing to trade in sideways fashion in Asian morning today.

Pay attention to the release of EU GDP qq and yy at 10:00GMT. Street forecasts are for them to remain unchanged at 0.3% and 1.6% respectively.

Bids are now seen at 1.0820/30 and more below at 1.0800/10 with stops building up below there whilst initial offers are noted at 1.0880/90, suggesting buying on dips is still the favored strategy.

AceTraderFx Dec 8: Intra-Day Market Moving News and Views (GBP/USD)

Intra-Day Market Moving News and Views
08 Dec 2015 02:48GMT

GBP/USD - ....... Some news worth mentioning, Reuters reported, European Council President Donald Tusk, who is also the man running the negotiations with Britain to keep it in the EU, in a letter to EU leaders on Monday, said we have made good progress and we have to overcome the substantial political differences that we still have on the issue of social benefits and free movement.

Despite edging up to 1.5115 at European open, the British pound dropped to 1.5054 in early European morning on weekend news of Brexit and continued to remain under pressure.
Cable extend its intra-day decline to 1.5045 at New York closing before staging a minor rebound in tandem with euro in Asian morning today.

Pay attention to the release of UK industrial output mm and yy at 09:30GMT. Street forecasts are 0.1% and 1.2% vs previous readings of -0.2% and 1.1% respectively.

Bids are now lowered to 1.5030/40 and more below at 1.5010/20 with stops building up below there whilst initial offers are noted at 1.5080/90, suggesting further choppy trading would be seen ahead of European open.

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

Intra-day Market Moving News and Views
09 Dec 2015 01:11GMT

USD/JPY - ........ The greenback remained under pressure in Asia yesterday and continued to ratchet lower throughout European session. Price eventually hit session low at 122.72 in New York morning, however, dlr pared its losses and staged a rebound to 123.09 before retreating again.
Later, the pair found renewed buying at 122.84 in Australia and recovered to 123.05 in Tokyo morning as data showed Japan's core machinery orders unexpectedly rose

Pay attention to the release of wholesale inventories and wholesale sales at 15:00GMT. Street forecasts are 0.1% and 0.4% vs. previous readings of 0.5% and 0.5% respectively.

Offers are now seen at 123.10/20 and more above at 123.30/40 with stops building up above there whilst initial bids are noted at 122.50/60, suggesting selling on pullback is the favored strategy.

Data to be released on Wednesday:

Japan machinery order, Australia consumer confidence index, housing finance, China CPI, PPI, Swiss unemployment rate, Germany exports, imports, trade balance, U.S. wholesale inventories, wholesale sales and New Zealand interest rate.

AceTraderFx Dec 9: Intra-Day Market Moving News and Views (EUR/USD)

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

EUR/USD - ....... The single currency found support at 1.0830 in Asian morning yesterday and gained to 1.0882 in early European morning, then higher to session high at 1.0903 in New York afternoon, helped by cross-buying of euro especially vs sterling.
However, price pared its gains and retreated to 1.0879 in Asian morning today before rebounding again.

Pay attention to the release of Germany exports and imports at 07:00GMT.
Street forecasts are -0.5% n -1.0% vs previousd readings of 2.6% and 3.6% respectively.

Bids are now seen at 1.0880/90 and more below at 1.0860/70 with stops building up below there whilst initial offers are noted at 1.0940/50, suggesting buying on dips is the way to go.

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

Intra-day Market Moving News and Views
10 Dec 2015 01:33GMT

USD/JPY - ...... The greenback fell from Asian high at 123.05 to as low as 121.83 on safe haven demand of jpy. Dlr met renewed selling interest at 122.27 in New York morning after the release of downbeat U.S. wholesale inventories sales and tumbled to intra-day low at 121.07 in New York morning.
However, price pared its losses and staged a short-covering rebound to 121.75 ahead of Tokyo open before falling again to 121.28 in Tokyo morning.

Pay attention to the release of U.S. jobless claims at 13:30GMT. Street forecast is for an unchanged figure at 269K.

Offers are now seen at 121.70/80 and more above at 121.90/00 with stops building up above there whilst initial bids are noted at 121.10/20, suggesting choppy trading with near term downside bias would be seen.

Data to be released on Thursday:

New Zealand retail sales, Japan survey index, corporate good price, Australia employment, unemployment rate, France non-farm payroll, CPI, industrial output, inflation ex-tobacco, Swiss interest rate, U.K. housing survey, trade balance, BoE monetary policy decision, U.S. initial jobless claims, export prices, import prices, Federal budget, Canada capacity utilization and new housing price index.

AceTraderFx Dec 10: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
10 Dec 2015 02:09GMT

EUR/USD - ...... The single currency traded with a firm bias in Asia yesterday and continued to ratchet higher in European session and rose to 1.0990 in New York morning.
Renewed buying at 1.0950 pushed the pair higher and euro rose to intra-day high at 1.1044 in New York afternoon, helped by comments from ECB's Nowotny.
Later, price pared its gains and retreated to 1.1010 in Asian morning today on profit-taking.

There is no major eco. data due from the eurozone today except French inflation at 07:30GMT.
Bids are now seen at 1.0990/00 and more below at 1.0970/80 with stops building up above there whilst initial offers are noted at 1.1060/70, suggesting buying on dips for a resumption of recent uptrend is favored.

AceTraderFx Dec 10: Intra-Day Market Moving News and Views (GBP/USD)

Intra-Day Market Moving News and Views
10 Dec 2015 02:30GMT

GBP/USD - ....... The British pound ratcheted higher in Asia and Europe in tandem with euro and rose to intra-day high at 1.5192 in New York afternoon on dlr's broad-based weakness, then edged marginally higher to 1.5197 at Asian open today before retreating in Asian morning on profit-taking offers.

Market attention is now on BoE's super Thursday, which will see the release of BoE minutes, policy statement, rate decision and QE total at 12:00GMT. Although the interest rate and QE total are expected to remain unchanged at 0.50% and 375B respectively, investors should pay attention to the minutes to gauge the path the central bank will take towards normalising its policy.

Bids are now seen at 1.5150/60 and more below at 1.5130/40 with stops building up below there whilst initial offers are noted at 1.5220/30, suggesting buying on dips for a resumption of recent uptrend is the way to go.

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

Intra-day Market Moving News and Views
11 Dec 2015 01:32GMT

USD/JPY - ........ Despite yesterday's initial rise to 121.87 in European morning, the greenback dropped to 121.24 ahead of New York open on broad-based buying of yen.
However, price pared its losses and recovered to 121.66 near New York closing. Dlr continued to ratchet higher and rose at Tokyo open and hit 122.10 in Tokyo morning, helped by the 200 points rally in Nikkei-225 index.

Pay attention to the release of retail sales at 13:30GMT and U. of Michigan consumer sentiment at 15:00GMT.
Street forecasts are 0.3% and 91.0 vs previous readings of 0.1% and 91.3 respectively.
Offers are now raised to 122.10/20 n more above at 122.30/40 with stops building up above there whilst initial bids are noted at 121.50/60, suggesting choppy trading would be seen.

Data to be released on Friday:

New Zealand mfg PMI, China, urban investment, industrial output, retail sales, Germany CPI, HICP, France current account, Italy, industrial output, U.S. retail sales, PPI, University of Michigan sentiment preliminary and business inventories.

AceTraderFx Dec 11: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
11 Dec 2015 02:00GMT

EUR/USD - ...... The single currency remained under pressure in Asia and continued to ratchet lower in Europe to 1.0934. Despite a brief rebound to 1.0973 at New York open, renewed selling pressured the pair lower n price fell to session low at 1.0925 in New York morning and continues to trade with downside bias in Asian morning today.

Pay attention to the release of final figures of Germany CPI mm and yy at 07:00GMT. Street forecasts are for the figures to remain unchanged at 0.1% n 0.4% respectively.

Offers are now seen at 1.0950/60 and more above at 1.0970/80 with stops building up above there whilst initial bids are noted at 1.0890/00, suggesting near term downside bias remains.
However, position traders should look to buy on intra-day dips.

AceTraderFx Dec 11: Intra-day Market Moving News and Views

Intra-day Market Moving News and Views
11 Dec 2015 02:28GMT

GBP/USD - ....... Although the British pound traded sideways in Asia yesterday and briefly edged up to session high at 1.5202 ahead of BoE's rate announcement, price fell sharply to session low at 1.5111 ahead of New York open as BoE kept its rate on hold and presented a more dovish outlook.
Later, cable staged a recovery to 1.5188 in New York morning, however, renewed selling there pressured the pair lower and price dropped to 1.5150 near New York closing, then 1.5139 in Asian morning.

Since there is no eco. data due today, price is likely to track euro's intra-day movements. Having said that, one should keep a keen eye on eur/gbp cross as well.
Offers are now seen at 1.5160/70 and more above at 1.5180/90 with stops building up above there whilst initial bids are noted at 1.5110/20, suggesting selling on intra-day recovery is the favored strategy.

AceTraderFx Dec 14: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
14 Dec 2015 01:20GMT

USD/JPY - ....... The greenback staged a short-covering rebound from Friday's low at 120.58 and opened higher to 121.18 in NZ today. However, renewed selling there pressured the pair lower and dlr retreated to 120.64 ahead of Tokyo open before stabilising in Tokyo morning.

As there is no major eco. data due today, market focus is now on the release Fed's rate decision on Wednesday.
Offers are now seen at 121.10/20 and more above at 121.30/40 with stops building up above there whilst initial bids are noted at 120.30/40, suggesting selling on recovery is the favored strategy.

Data to be released:

Japan large manufacturing outlook, non-manufacturing outlook, large manufacturing index, non-manufacturing index, large all industry Capex, tertiary industry index, industrial production, capacity utilization,
Italy consumer price index, U.K. house price index and Eurozone industrial production on Monday.

Australia home price index, Swiss producer and import prices, U.K. PPI input prices, RPI, RPIX, PPI core output, CPI, PPI output prices, house price, Eurozone economic sentiment, employment, Germany, current conditions, economic sentiment, leading economic index, Canada manufacturing sales, U.S. NY empire state manufacturing index, core CPI, CPI, Redbook, housing market index, net L-T flows, overall net capital flows and foreign buying on Tuesday.

New Zealand current account, inflation expectations, Australia leading indicator, France manufacturing flash PMI, service flash PMI, Germany manufacturing flash PMI, service flash PMI, Eurozone manufacturing flash PMI, service flash PMI, trade balance, inflation, U.K. average earnings, average week earning, claimant count unemployment change, unemployment rate, Swiss investor sentiment, U.S. mortgage applications, build permits, housing starts, industrial output, capacity utilization, manufacturing PMI, Fed fund target rate and overall net capital flows on Wednesday.

New Zealand GDP, Japan adjusted merchandise trade balance, merchandise trade balance total, exports, import, foreign investment in japan stocks, foreign bond investment, France business climate, Germany IFO current assessment, IFO expectations, IFO business climate, Italy global trade balance, trade balance EU, U.K. retail sales, retail sales ex-fuel, CBI industrial trends survey, Eurozone construction output, U.S. current account, initial jobless claims, continuing jobless claims, Philadelphia Fed manufacturing survey, CB leading indicator and EIA natural gas storage change on Thursday.

New Zealand ANZ activity outlook, China MNI business sentiment indicator, Japan BoJ interest rate decision, France producer prices, Italy wage inflation and Eurozone current account on Friday.

AceTraderFx Dec 14: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
14 Dec 2015 02:32GMT

EUR/USD - ...... Although the single currency rose to session high at 1.1031 in New York morning on Friday on broad-based dlr weakness, price pared its gains and swiftly retreated to 1.0959 before recovering.
Euro continued to remain under pressure for remainder of New York session and weakened to 1.0967 ahead of Asian open today.

Pay attention to the release of EU industrial production mm and yy at 10:00GMT.
Street forecasts are 0.1% and 1.2% vs previous readings of -0.3% and 1.7% respectively.

Bids have now been lowered to 1.0950/60 and more below at 1.0930/40 with stops building up below there whilst initial offers are noted at 1.1020/30, suggesting choppy trading with mild upside bias would be seen.

European Stability Mechanism (ESM) chief Klaus Regling, in an interview with Greek newspaper To Vima, said the International Monetary Fund (IMF) will take part in the Greek bailout program with a small contribution.
He added 'The financial contribution of the IMF will be small ... There should be a contribution as it is required by July's agreement and ESM rules.'

AceTraderFx Dec 14: Intra-day Market Moving News and Views

Intra-day Market Moving News and Views
14 Dec 2015 03:00GMT

GBP/USD - ...... Despite last Fri's rally to 1.5230 in New York morning, then higher to intra-day high at 1.5240 in New York afternoon, the British pound pared its gains and fell sharply in Australia today and hit a low at 1.5180 ahead of Asian open today and continues to remain under pressure in Asian morning.

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

Bids are lowered to 1.5160/70 and some more below at 1.5140/50 with stops building up above there whilst offers are noted at 1.5230/40, suggesting choppy trading would be seen ahead of European open.

AceTraderFx Dec 15: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
15 Dec 2015 01:27GMT

USD/JPY - ........ Despite yesterday's sharp selloff from European open high at 121.34 to as low as 120.35 at New York midday on broad-based dlr weakness, the greenback pared its losses and staged a strong rebound to 121.08 in Australia, then 121.18 in Tokyo morning and continues to trade with a firm bias.

U.S. will release its CPI mm and yy data at 13:30GMT. Street forecasts are 0.0% n 0.4% vs previous readings of 0.2% and -1.5% respectively.
Elsewhere, the FOMC begins its 2-day meeting today and market is eagerly awaiting the rate decision on Wednesday.

Bids are now seen at 120.80/90 and more below at 120.60/70 with stops building up below there whilst initial offers are noted at 121.50/60, suggesting mild upside bias remains.
Hence, buying on intra-day dips is the favored strategy.

Data to be released on Tuesday:

Australia home price index, Swiss producer and import prices, U.K. PPI input prices, RPI, RPIX, PPI core output, CPI, PPI output prices, house price, Eurozone economic sentiment, employment, Germany, current conditions, economic sentiment, leading economic index, Canada manufacturing sales, U.S. NY empire state manufacturing index, core CPI, CPI, Redbook, housing market index, net L-T flows, overall net capital flows and foreign buying.

AceTraderFx Dec 15: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
15 Dec 2015 02:00GMT

EUR/USD - ...... The single currency rose from European morning low at 1.0946 to as high as 1.1049 at New York midday on euro-supportive comments by ECB President Mario Draghi (see previous MMN).
However, lack of follow-through buying triggered profit-taking n price retreated to 1.0985 at New York close. Euro found some support there and staged a minor rebound to 1.1006 at Asian open.

Pay attention to the release of Germany ZEW current conditions n economic sentiment at 10:00GMT. Street forecasts are 54.2 and 15.0 vs prevoius readings of 54.4 and 10.4 respectively.

Offers are now seen at 1.1020/30 and more above at 1.1040/50 with stops building up above there whilst initial bids are noted at 1.0950/60, suggesting mild downside bias remains ahead of European open.

AceTraderFx Dec 15: Intra-day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views
15 Dec 2015 02:30GMT

GBP/USD - ....... The British pound fell sharply in Australia yesterday and continued to ratchet lower throughout Asian and European session, weighed by cross-selling of sterling vs euro and hit intra-day low at 1.5108 ahead of New York open on comments from BoE's Shafik.
However, cable pared its losses and staged a strong rebound to 1.5158 in New York afternoon, then higher to 1.5186 in Australia before retreating in Asian morning.

UK releases its inflation data today at 09:30GMT. Pay particular attention to the CPI mm and yy figures.
Street forecasts are -0.1% and 0.1% vs previous readings of 0.1% and -0.1% respectively.

Some bids are noted at 1.5130/40 and below at 1.5110/20 with stops building up below there whilst offers are seen at 1.5190/00, suggesting near term upside bias would be seen but position traders should look to sell on intra-day pullback.

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

Intra-day Market Moving News and Views
16 Dec 2015 01:28GMT

USD/JPY - ...... Despite initial retreat to session low at 120.58 at European open, the greenback rallied in European morning and rose to intra-day high at 121.79 in New York afternoon before easing as the release of in-line U.S.
CPI data supported the Fed's view to hike its rates. Renewed buying at 121.59 in Australia pushed the pair up to 121.90 at Tokyo open.

Traders are now gearing up for the release of Fed's rate decision at 19:00GMT and then Yellen's press conference at 19:30. It is widely expected that the central bank will raise rates by 25 bps but one should pay attention to the press conference as Yellen would outline how the bank would go about hiking rates in the future.

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 near term upside bias remains.

Data to be released on Wednesday:

New Zealand current account, inflation expectations, Australia leading indicator, France manufacturing flash PMI, service flash PMI, Germany manufacturing flash PMI, service flash PMI, Eurozone manufacturing flash PMI, service flash PMI, trade balance, inflation, U.K. average earnings, average week earning, claimant count unemployment change, unemployment rate, Swiss investor sentiment, U.S. mortgage applications, build permits, housing starts, industrial output, capacity utilization, manufacturing PMI, Fed fund target rate and overall net capital flows

AceTraderFx Dec 16: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views
16 Dec 2015 2:01GMT

EUR/USD - ....... Although the single currency rose to session high at 1.1060 at European open yesterday, price tumbled in European morning and hit an intra-day low at 1.0905 in New York afternoon on dlr's broad-based rally as speculation over a Fed rate hike increased.
Later, euro pared its losses and staged a short-covering rebound to 1.0943 in Asian morning today.

There is a slew of manufacturing and services PMIs due from the eurozone today (France, Germany n EU) but one should pay particular attention to the final reading of EU inflation mm and yy.
Street forecasts are -0.2% and 0.1% vs prevoius readings of 0.1% and 0.1% respectively.

Offers are now seen at 1.0950/60 and more above at 1.0970/80 with stops building up above there whilst initial bids are noted at 1.0880/90, suggesting selling on pullback is favored.