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  1. #201
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Dec 05: Intra-Day Market Moving News and Views - EUR/USD

    Intra-Day Market Moving News and Views
    05 Dec 2018
    03:30GMT

    EUR/USD - 1.1333.. Although euro's initial rally above previous daily res at 1.1402 to a 10-day high of 1.1420 in Europe due to continued drop in U.S. treasury yields suggests choppy trading above last week's low at 1.1267 would continue, subsequent selloff to as low as 1.1319 as usd caught a bid in New York due to a 3% decline in the Dow suggests choppy trading with downside bias would be seen today as investors are back on risk-off mode and have turned back to safe-haven usd and the Japanese yen.

    Therefore, selling the single currency on intra-day recovery is favoured but profit should be taken on subsequent decline due to thin trading condition as U.S. financial markets are closed for a special National holiday.
    Offers are tipped at 1.1360/70 with some stop above 1.1380.
    Some bids are noted at 1.1320/10 with stops touted below 1.1300.

    Today is PMI day in the euro zone, France will kick off with current account, then Italy's Markit services PMI, the same from France, Germany and later the EU n then EU retail sales. Although ECB's Draghi will deliver a speech at a banking conference in FT at 08:30GMT, as the topic is on promoting safe and sound bank in SSM (The Single Supervisory Mechanism), therefore, he is not expected to comment on ECB's monetary policy or the euro or Italy's budget.

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  2. #202
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Dec 13: Intra-Day Market Moving News and Views -EUR/USD

    Intra-Day Market Moving News and Views
    13 Dec 2018
    03:30GMT

    EUR/USD - 1.1368.. Although euro remained on the back foot in Asian trading yesterday after this week's selloff from 1.1443 (Monday) to 1.1306 on Tuesday, intra-day strong bounce in cable lifted the pair to 1.1364 and price later ratcheted higher to session highs of 1.1388 in New York afternoon on news that Italy had lowered its deficit target for 2019 fiscal year to 2.04 percent of GDP from originally proposed 2.4% and market expected this revived budget would be accepted by the European Commission.

    Intra-day narrow move in Asia suggests consolidation is in store ahead of European open n upside bias remains for gain to 1.1400, break there would bode well for euro towards 1.1443 form a technical perspective but market may not do that ahead of ECB's monetary policy announcement at 12:45GMT and then ECB Draghi's press conference which always causes euro to swing wildly during Draghi's speech n Q&A session.
    For now, bids are noted at 1.1360-50 with stops below 1.1330 n more stops are reported below 1.1300.
    On the upside, offers are tipped at 1.3385/95 with stops above 1.1400.

    Euro area countries will release a slew of eco. data, please refer to our EI section for details. Market is paying attenttion to today's EU summit on budget and Brexit, so keep an eye out on officials' comments as well as news headlines.

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  3. #203
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Dec 20: Intra-Day Market Moving News and Views -EUR/USD

    Intra-Day Market Moving News and Views
    20 Dec 2018
    03:00GMT

    EUR/USD - 1.1380.. Although euro is currently trading roughly where its was at 24 hours ago, price went through a roller-coaster rise in hectic Wed's trading. Price met buying interest at 1.1361 in Australia on Wednesday and climbed erratically to session highs of 1.1440 in New York morning but only to tumble to 1.1365 after Fed's rate hike n less dovish FOMC statement.

    Euro's decline from 1.1440 suggests choppy trading below last week's high at 1.1443 would continue and intra-day usd's strength vs other G7 currencies signals downside bias remains.
    Offers are tipped at 1.1390/00 and more above with stops reported above 1.1445.
    Some bids are noted at 1.1365-55 with stops touted below 1.1330.

    Eco. calendar is pretty light with Italy's PPI and EU's current account being the only data due at 09:00GMT.


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  4. #204
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Dec 21: Intra-Day Market Moving News and Views -EUR/USD

    Intra-Day Market Moving News and Views
    21 Dec 2018
    03:00GMT

    EUR/USD - 1.1452.. Euro trades narrowly in quiet Asian morning as yesterday's intra-day 'wild' swings in volatile New York session have deterred Asian traders from buying the euro despite Thursday's initial gain to a 5-week high of 1.1486 in European morning, however, selloff in U.S. stocks triggered intra-day brief but sharp rebound in the usd and knocked the pair to 1.1403 before another bout of buying interest emerged and lifted price back up to 1.1485.

    Despite yesterday's choppy swings, euro's break of prev. key daily res at 1.1472 confirms recent erratic rise from 2018 bottom at 1.1216 (November) has finally resumed n price is en route to next chart obj. at 1.1500, then 1.1550 next week.
    Therefore, buying euro on dips is recommended.
    Bids are noted at 1.1420-00 area with stops below there whilst offers are tipped at 1.1480/00 area with stops reported above 1.1500.

    The euro area countries will release some eco data starting with Germany's Gfk consumer confidence, import and export price, then France's eco. climate, consumer spending, final GDP n PPI and Italy's business n cosumer confidence. ECB's Vice President will deliver a speech in Mardid at 11:00GMT.

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