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

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

Intra-Day Market Moving News and Views
19 Feb 2016 04:36GMT

EUR/USD - ...... Euro pares overnight losses n staged a modest short-covering bounce to 1.1129 after hitting a 2-week trough of 1.1071 in New York morning. Although euro briefly climbed above New York high of 1.1123 after tripping some stops above there, lack of follow-though buying suggests range trading is in store ahead of European open.

Some bids are noted at 1.1100-1.1090 n more below with fairly large stops touted below 1.1060.
Some offers are tipped at 1.1130/40 n more near 1.1150 with stops reported above 1.1180, however, more stops are touted above 1.1200.

The only data due out today in Europe is German Jan PPI, street forecast is looking for a M/M reading of -0.3 vs previous month's figure at -0.5% n Y/Y is expected to come in at -2.0% vs previous reading of -2.3%.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 12: Latest News on Japan Manufacturing Purchasing Managers Index (PMI)

Intra-Day Market Moving News and Views
22 Feb 2016 2:15GMT

USD/JPY - ...... Dlr showed muted reaction to release of downbeat Japan's data. Reuters reported growth in Japan's manufacturing activity slowed sharply in February as new export orders contracted at the fastest pace in three years, a worrying sign that overseas demand is deteriorating rapidly as China's economy slows, a preliminary survey showed on Monday.

The Markit/Nikkei Flash Japan Manufacturing Purchasing Managers Index (PMI) fell to 50.2 in February on a seasonally adjusted basis from a final 52.3 in January.
But it remained above the 50 threshold that separates contraction from expansion for the 10th consecutive month.
The sub-index for new export orders fell to a preliminary 47.9 from 53.1 in January, which would indicate the biggest contraction since February 2013 if confirmed in final data.

Exports in January tumbled by the most since the global financial crisis, in a clear indication that financial market turmoil and slowing emerging market economies have eroded demand abroad.

Under pressure from faltering global demand, total new orders from customers at home and overseas also changed direction and contracted, while job creation cooled to a five-month low.

Companies cut selling prices for the third month in a row, and more sharply than in January, likely reflecting both falling commodity prices and sluggish demand.
Japan's economy contracted more than expected in the fourth quarter due to weak household spending and exports.

While analysts expect a moderate recovery this year, stagnant wages, depressed consumer prices and faltering global growth have raised fresh doubts about Prime Minister Shinzo Abe's cocktail of stimulus policies aimed at re-energising the economy and quashing years of deflation.

More data to be released.


AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 22: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
22 Feb 2016 04:28GMT

USD/JPY - ...... Dlr pares Friday's loss and climbs in Asian morning on broad-based modest bounce in Asian equities, the Nikkie is up nearly 1%.
Although the pair came under renewed selling at Monday open in New Zealand on renewed cross-buying vs eur and esp vs sterling, buying emerged above Friday's 112.31 low lifted price from 112.38 to intra-day high of 113.05.

Looks like choppy trading above 112.31 would continue n if European stocks also move higher, then one can expect more yen-selling later in the day.

Bids have been raised to 112.70-60 and more above 112.30 with stops reported below there. Some offers are tipped at 112.10/20 with stops touted above 113.40.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 23: BOJ's Haruhiko Kuroda :expansion of base money alone won't immediately push up prices

Intra-Day Market Moving News and Views
23 Feb 2016 02:02GMT

USD/JPY - ......Breaking news: In the Parliament Bank of Japan Governor Haruhiko Kuroda's comment that the expanding base money alone will not immediately lead to price rises and a heightening of inflation expectations.
-expansion of base money alone won't immediately push up prices, inflation expectations
-key transmission channel of QQE is to push down real interest rates
-it's true inflation expectations have been somewhat weak recently
-in long run, inflation expectations are rising
-must continue QQE with negative rates until inflation is sustainably above 2 pct

While the Economy Minister Nobuteru Ishihara said he expects Group of 20 finance ministers to debate on how to cooperate in response to the recent turmoil in global financial markets, and Japan was not engaged in competitive currency devaluation and that major economies share an understanding that competitive currency devaluation is undesirable.
-recent market moves are somewhat volatile
-expect G20 to debate how to cooperate in response to recent market moves
-G20 also likely to discuss oil price volatility
-Japan is not engaged in competitive currency devaluation
-G7, G20 share understanding that competitive currency devaluation not desirable

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 23: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
23 Feb 2016 04:09GMT

EUR/USD - 1.1042.. Euro gained respite in Monday's New York afternoon session n staged a minor short-covering rebound in Asia today after tripping stops above 1.1040, price climbed to 1.1046.

Yesterday's selloff in the pound dragged euro lower as market interpret Britain's exit from the EU would result in a major shake up in the euro zone, leading to more countries opting out of the 28-country bloc.
Offers are tipped at 1.1045/55 and more above with some stops reported above 1.1070, however, more selling interest is noted at 1.1100/10.
Some bids (profit-taking) are noted at 1.1010-1.1000 with stops touted below there.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 24: IMF is making huge demand on Greece in the pension reform

Intra-Day Market Moving News and Views EUR/USD
24 Feb 2016 02:30GMT

EUR/USD - .....Earlier Reuters reported that the International Monetary Fund is making a big demand on Greece in the pension reform which required to complete its first bailout review.
Negotiations between the heads of the EU/IMF mission reviewing progress on Greece's pensions overhaul, fiscal targets and the handling of bad loans, took a break earlier this month.
It is unclear when the lenders will return to Athens and whether the latest impasse can be broken.

Greece finance minister Euclid Tsakalotos said that the IMF is pushing them far too much. It's not socially sensitive, and is asking them to do more than they had agreed in the summer.
Under a third bailout of up to 86 billion euros ($95 billion) signed last summer, Greece was asked to cut pension spending by 1 percent of gross domestic product this year. Athens has refused to cut pensions and says it will increase social security contributions instead.

But IMF's director for Europe, Poul Thomsen, has said that Greece will need to implement extra measures worth about 9 billion euros to meet its fiscal targets by 2018 and that the Fund could not see how Athens could do so without major savings on pensions.

Without the lenders' acknowledgement of the reforms, the government cannot start relief talks it needs to show austerity-weary Greeks their sacrifices are paying off.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 24: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
24 Feb 2016 03:03GMT

USD/JPY - ...... Dlr trades with a soft bias in Asia on Wednesday. Despite initial 1-tick fall below yesterday's New York low of 111.77 due to initial gap-down open in the Nikkie, intra-day recovery in the N225 index lifted the pair back to 112.08, however, traders are buying the yen vs euro, gbp and aud on risk aversion, suggesting sideways trading would continue ahead of European open.

Offers are tipped at 112.10/20 and more above with some stops reported above 112.40.
Some bids are reported at 111.75-65 with stops below 111.55. There is market chatter of fairly large stops building below Febuary's 15-month trough of 110.99.

Looking ahead, pay attention to a slew of U.S. data during New York morning starting with Markit servics PMI for Febuary and January new home sales.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 25: BOJ Takahide Kiuchis dissenting views on negative interest rates

Intra-Day Market Moving News and Views
25 Feb 2016 02:06GMT

USD/JPY - ...... Bank of Japan Takahide Kiuchi said in a speech to the business leaders on negative interest rates, could have a result on Japan's financial system being destabilised by squeezing banks' margins and reducing returns on financial investment, and that BOJ should have save that for the future.
A former market economist, Kiuchi was among four of the nine board members who dissented to the BOJ's decision last month to adopt negative rates to prevent global market turmoil from delaying a sustained end to deflation. He has also been a lone proponent to taper the bank's massive asset-buying programme.

More on his latest speech :
-personally felt BoJ ought to save its options now instead of introducing negative rates last month
-don't think BoJ has no tools left to act if economic, financial environment deteriorates
-desirable for central banks to guide policy flexibly, comprehensively combining various means
-in event of crisis, BoJ should consider steps like offering temporary, ample liquidity to protect financial system
-2 pct inflation exceeds price level deemed appropriate in light of true strength of Japan's economy
-at present, hard to achieve 2 pct inflation stably with monetary policy alone
-Japan's economy continues to recover moderately
-Capex, wages are not rising as much as I hoped
-see global economic outlook, market developments as key risks to Japan's economy
-if exports show clear downtrend on weak overseas growth, that may hurt Japan's consumption, output
-tough to push up long-term inflation expectations with BoJ policy alone
-vigilant to various problems that may occur as BoJ buys and holds massive amounts of jgb, which could distort market function
-adopting negative rates risks destabilising BoJ's asset buying
-dissented to last month's decision as did not see need to expand stimulus with economic, price conditions stable

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 26: IMF at G20 will call for a coordinated stimulus programme to support a slowing global economy

Intra-Day Market Moving News and Views
26 Feb 2016 01:33GMT

G20 meeting is meet in Shanghai starting today to discuss ways to calm global markets and spur economic growth, and are likely to declare their readiness to take action if conditions worsen.
Chinese policymakers sought on Thursday to reassure trading partners that they can manage their economy and financial markets smoothly while driving structural reforms, following recent concern voiced by foreign officials and economists about Beijing's recent record.

Finance Minister Lou Jiwei and People's Bank of China Governor Zhou Xiaochuan will likely hammer home the message that Beijing has everything under control when they speak this morning.
Global economic malaise and wobbly markets overshadow the meeting of the finance minister and central bank governors of the Group of 20 (G20) major economies on Friday and Saturday.
G20 financial leaders are likely to push for better implementation of the already agreed reforms and an assessment of where implementation is lacking and why. But many economists and officials are sceptical that much would come from the G20.
A report published by IMF called for a coordinated stimulus programme to support a slowing global economy.

Still, an official with the European Union said G20 policymakers recognise elevated risks and likely will declare readiness to act if global economic conditions worsen.
G20 financial leaders are likely to push for better implementation of the already agreed reforms and an assessment of where implementation is lacking and why.
The International Monetary Fund's Christine Lagarde, German Finance Minister Wolfgang Schaeuble and Bank of England Governor Mark Carney are also scheduled to speak later today.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 26: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views
26 Feb 2016 03:11GMT

USD/JPY - ...... Despite initial rise above o/n New York high of 113.02 on higher open in the Nikkie (N225 index climbed to 2-1/2 week high of 16472) following yesterday's rally in the Dow, however, the pair pared intra-day gain on a surprise rise in the euro vs usd, price later retreated to 112.68.

Looks like dlr would consolidate below said Asian high due to broad-based usd's weakness until European open.
Offers are tipped above 113.00/10 and more above with stops reported above 113.40.
Initial bids are noted at 112.70-60 with some stops touted below there, however, more buying interest is reported at 112.30-20.
Data to be released on Friday:

New Zealand imports, exports, trade balance, Japan CPI, U.K. consumer confidence, Germany import price index, CPI, Harmonised index of consumer prices, France producer prices, consumer spending, GDP, Italy wage inflation, Eurozone consumer confidence, services sentiment, business climate, industrial sentiment, inflation expectation, selling price expectation, U.S. GDP, personal consumption expenditures, personal income, personal spending, good trade balance, adjusted consumption and Reuters/University of Michigan consumer sentiment index.

Pay attention to release of important preliminary U.S. Q4 GDP at 13:30GMT as the pair reacted to yesterday's upbeat U.S. durable good order n rallied after the data.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 29: G20 financial leaders to inform each other ahead on policy decisions that could devalue currencies

Intra-Day Market Moving News and Views
29 Feb 2016 00:52GMT

On G20 meeting, Reuters reported that the financial leaders of the world's 20 biggest economies agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies.
This move is an addition to the traditional declaration in G20 communiques that countries will refrain from competitive evaluations, Dijsselbloem said in Shanghai. The decision was prompted by concerns among some of G20 financial leaders about the possibility of competitive devaluations in Japan or China, he said.
At the same time the communique said the G20 would better monitor capital flows and identify associated risks.

Dijsselbloem said in cases where devaluation is a consequence of monetary policy motivated by real macroeconomic domestic reasons, then members must make sure to inform each other in advance to avoid surprises and this is an extra commitment between the G20 countries that they will refrain from competitive devaluations.

On USD Reuters reported speculators pared bullish bets on the U.S. dollar for a ninth straight week, as net longs fell to their lowest level since the third week of May 2014, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday.
The value of the dollar's net long position sank to $5.75 billion in the week ended Feb. 23, from $8.31 billion the previous week. It was the second straight week that net dollar longs came in below $10 billion.

The decline in oil and stocks as well as a slowdown in China have pushed back expectations for an interest rate hike by the Fed to some time next year. That's a negative for the dollar, prompting investors to liquidate most of their net long positions on the greenback.
So far on the year, the dollar index has been down 0.6 percent, after posting gains in excess of 9 percent in 2015.

In other currencies, investors pushed net long positions on the yen to their highest level in four years. The expectation is that the Bank of Japan won't do as much quantitative easing as the market expected.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 29: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
29 Feb 2016 04:02GMT

USD/JPY - ..... Despite Friday's rally in New York session to a 1-week high of 114.00 after release of a slew of upbeat U.S. data, dlr fell in choppy Asian trading as decline in Asian stocks except the Nikkie (China Shanghai composite was down 4% earlier) triggered broad-based yen-buying on risk aversion, price weakened to 113.30 after tripping some stops below 113.50.

Looks like choppy trading below 114.00 would be seen with downside bias as offers are noted at 113.50/60 and more at 113.85/90 with stops reported above 114.00.
Some bids are noted at 113.30-20 with stops touted below 113.00.

Do pay attention to U.S. data due out later today which includes Chicago PMI and then pending home sales data, if these data come out weaker than street forecast, then one can expect dlr to come under renewed selling.

Data to be released this week:

New Zealand building permits, Japan industrial production, retail trades, Swiss KOF leading indicator, U.K. mortgage approval, Italy CPI, Eurozone inflation, Canada producer prices, raw materials prices, current account and U.S. Chicago PMI on Monday.

New Zealand term of trade, imports, exports, Australia AIG manufacturing index, building permits, current account, interest rate decision, Japan unemployment rate, jobs/applicants ratio, all household spending, MOF business Capex, manufacturing PMI, China, non-manufacturing PMI, manufacturing PMI, Swiss retail sales, manufacturing PMI, Italy manufacturing PMI, unemployment rate, France manufacturing PMI, Germany manufacturing PMI, unemployment rate, unemployment change, Eurozone manufacturing PMI, unemployment rate, U.K. manufacturing PMI, Canada manufacturing PMI, GDP, U.S. Redbook, manufacturing PMI and construction spending on Tuesday.

Australia GDP, Swiss GDP, U.K. construction PMI, Eurozone producer prices, U.S. mortgage application and ADP national employment on Wednesday.

Australia imports, exports, trade balance, China service PMI, France service PMI, unemployment rate, Italy service PMI, Germany service PMI, U.K. service PMI, Eurozone service PMI, retail sales, U.S. initial jobless claims, unit labour costs, nonfarm productivity, service PMI, non-manufacturing PMI, durable goods, non-defense capital and factory orders on Thursday.

Australia retail sales, Italy GDP, U.K. inflation expectations, U.S. unemployment rate, non-farm payrolls, private payrolls, manufacturing payrolls, average earning, participation rate, international trade, Canada trade balance, exports, imports, labour productivity and Ivey PMI on Friday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Feb 29: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
29 Feb 2016 05:11GMT

EUR/USD - ...... Euro gained respite in Asian morning and traded narrowly in subdued Monday morning after tanking to a fresh 3-week low of 1.0912 in New York morning after release of upbeat U.S. data.

Although price re-tested 1.0912 in Australia earlier this morning, subsequent bounce to 1.0936 suggests sideways trading would continue until European open, however, do pay attention to release of a slew of European data, starting with German import price and retail sales, after that, we have Italy's & EZ CPI n inflation data respectively.

Offers are tipped at 1.0935/45 and more with stops above 1.0980.
Initial bids are noted at 1.0915-10 with stops below 1.0900.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Mar 1: Japanese capital investment rose at a slower pace & corporate profits fell for the first time in four years

Intra-Day Market Moving News and Views (USD/JPY)
01 Mar 2016 01:15GMT

USD/JPY - .....Earlier Japanese Finance Minister Taro Aso said that the central bank's negative interest rate policy was already having positive effects after its adoption in late January and is currently not considering to compile additional fiscal spending to prop up the economy given that the budget for next fiscal year had not yet cleared parliament.
Data out by the Ministry of Finance, the Japanese capital investment rose at a slower pace in October-December and corporate profits fell for the first time in four years in a worrying sign that flagging business spending will weigh on economic growth. The data suggests that revised gross domestic product (GDP) due on March 8 may show Japan's economy contracted more than first reported, adding to the sense of pessimism surrounding the strength of domestic demand.

Japan's robust employment pattern continued, however, with seasonally adjusted unemployment falling in January to 3.2 percent, versus the median estimate for 3.3 percent. The jobs to applicants ratio rose to a 24-year high of 1.28, versus the median forecast of 1.27.

Separate data showed household spending fell more than expected in January, providing further evidence that uncertainty about the economy may be behind consumers cutting expenditure.
Decelerating capital investment and corporate profits are a worrying sign that the government may need to respond with more stimulus measures to prevent business and household activity from weakening further.

A preliminary estimate showed the economy contracted an annualised 1.4 percent in October-December as consumer spending and exports slumped. The 8.5 percent annual increase in capital expenditure in October-December was slower than an 11.2 percent annual gain in July-September.
Japan's household spending fell an annual 3.1 percent in January, more than the median estimate for a 2.7 percent year-on-year decline.

Japan's economy is expected to return to growth in the current quarter, but there are persistent doubts about the outlook. Economists say the government's reforms have not done enough to raise the potential growth rate.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Mar 1: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
01 Mar 2016 02:32GMT

USD/JPY - ..... Dlr languishes above intra-day low at 112.16, price penetrated Monday's New York low at 112.66 in thin Australian morning after hitting stops below 112.60, price fell to 112.19, despite a short-covering recovery to 112.54 at Asian open, price fell again to 112.16 before stabilising.

The lack of a rebound from 112.16 suggests intra-day downside bias remains, offers are noted at 112.50/60 n more above with stop touted above 113.00.
Some bids are noted at 112.15-112.05 with stops reported below 111.90., suggesting selling dlr on recovery is favoured.

Data to be released today:

New Zealand term of trade, imports, exports, Australia AIG manufacturing index, building permits, current account, interest rate decision, Japan unemployment rate, jobs/applicants ratio, all household spending, MOF business Capex, manufacturing PMI, China, non-manufacturing PMI, manufacturing PMI, Swiss retail sales, manufacturing PMI, Italy manufacturing PMI, unemployment rate, France manufacturing PMI, Germany manufacturing PMI, unemployment rate, unemployment change, Eurozone manufacturing PMI, unemployment rate, U.K. manufacturing PMI, Canada manufacturing PMI, GDP, U.S. Redbook, manufacturing PMI and construction spending.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Mar 2: Australia's economy outpaced all forecasts at the fastest pace in almost two years

Intra-Day Market Moving News and Views (AUD/USD)
02 Mar 2016 02:38GMT

AUD/USD - ...... Aud maintains a firm undertone after jumping from 0.7166 to 0.7236 after release of upbeat AU GDP data. Reuters later reported Australia's economy outpaced all forecasts to grow at the fastest pace in almost two years last quarter as strength in consumer and government spending offset the heavy drag from a global mining slump.

Gross domestic product (GDP) expanded by 0.6 percent in the fourth quarter, from the previous quarter when it rose an upwardly revised 1.1 per cent.
That propelled growth for the year to 3 percent, well above the 2.5 percent that had been expected by both analysts and the Reserve Bank of Australia (RBA).
The central bank has held rates steady since May last year and just this week skipped a chance to ease, saying it saw "reasonable prospects" for growth.
RBA Governor Glenn Stevens did say there would be scope for further easing given that inflation looked set to remain low, and investors are still wagering he will have to move eventually given headwinds facing the global economy.

However, the timing has been pushed out with interbank futures now implying a 45 percent chance of a cut by May, compared to 60 percent before the data.
The RBA has made it clear it would prefer any further stimulus to come through a lower Australian dollar, but is being thwarted by the drastic easing of central banks elsewhere.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Mar 2: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
02 Mar 2016 04:18GMT

EUR/USD - ..... Despite yesterday's intra-day decline ahead of European open at 1.0894 to a 1-month trough of 1.0834 in New York morning due to release of upbeat U.S. data together with dovish comments by ECB President Draghi, the single currency managed o stage a strong rebound to 1.0876 ahead of New York close, price edged however to 1.0881 at Asian open before easing.

Looks like a temporary bottom has been formed and sideways trading is in store in Asian and European sessions. Offers are noted at 1.0880/90 and more above with stops touted above 1.0915/20.
Initial bids are reported at 1.0850-40 with stops below 1.0830, however, there is market chatter of good buying interest above 1.3800.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Mar 3: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views
03 Mar 2016 02:30GMT

USD/JPY - ..... Despite yesterday's cross-inspired selloff from New York's 2-week high of 114.56 to as low as 113.22, dlr ratcheted higher to 113.89 partly on yen-selling as intra-day minor gain in the Nikkie boosted risk sentiment, suggesting range trading is in store until European open.

Offers are tipped at 113.85/95 and more above with stops above 114.00, however, more selling interest is reported at 114.45/55.
On the downside, initial bids are noted at 113.50-10 with some stops below 113.20.

Pay attention to release of U.S. initial weekly jobless claims, ISM services PMI and the important January durable goods order ahead of Friday's key jobs data.
Data to be released on Thursday:

Australia imports, exports, trade balance, China service PMI, France service PMI, unemployment rate, Italy service PMI, Germany service PMI, U.K. service PMI, Eurozone service PMI, retail sales, U.S. initial jobless claims, unit labour costs, nonfarm productivity, service PMI, non-manufacturing PMI, durable goods, non-defense capital and factory orders.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Mar 3: Intra-Day Market Moving News and Views (EUR/USD)

Intra-Day Market Moving News and Views
03 Mar 2016 03:16GMT

EUR/USD - ...... Similar to yesterday's price action in Asia, the euro maintains a firm undertone in Asian morning today after staging a rebound from New York's 1-month trough of 1.0826 to 1.0873 in Australia, suggesting sideways trading would continue until European open.

Today is 'services' PMI day in Europe with Italy releasing February PMI 1st, then France, Germany and EU.
EU will also release January retail sales. Pay attention to German FinMin Wolfgang Schaeuble speech, he will speak in London later today at the Official Monetary and Financial Institutions Forum (OMFIF), an independent platform for dialogue and research on "Britain's future in Europe" at 1600 GMT (eur/gbp traders should take note of this), then at 17:30GMT, he will speak at the London School of Economics.

Bids are noted at 1.0860-50 and more below with stops below 1.0820.
Offers are tipped at 1.0885/95 with fairly large stops touted above 1.0915.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

AceTraderFx Mar 4: Intra-Day Market Moving News and Views (USD/JPY)

Intra-Day Market Moving News and Views (USD/JPY)
04 Mar 2016 02:10GMT

USD/JPY - ..... Dollar met renewed selling at 113.76 in Australia and briefly fell to intra-day low of 113.25 after BoJ Kuroda's interest rate remarks.

In the parliament speech, Bank of Japan Governor Haruhiko Kuroda remarks on not going to pushing interest rates further into negative territory now. The BOJ stunned markets by adopting a negative interest rate policy in January to reflate the economy out of stagnation and achieve its ambitious 2 percent inflation target.

Japanese Economy Minister Nobuteru Ishihara said an advisory panel on new spending would hold its first meeting in the middle of this month and would discuss the world economy, energy and the financial sector, and that the advisory panel was not for preparation of a delay in a planned sales-tax hike.
More updates news on their speeches to come later.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates