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  1. #1
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    Smile AceTraderFx Dec 16: Intra-Day News and Views (EUR/USD) & data to be released today

    Intra-Day Market Moving News and Views

    16 Dec 2014
    02:23GMT

    EUR/USD - ....... The single currency fell on Monday after comments from ECB's Nowotny who said 'no prospect for more interest rate moves; not goal of ECB to have uniform interest rates in Europe; ECB efforts can function only if complemented by fiscal policy moves; take-up TLTROs won't have big impact on ECB balance sheet; rules out ECB buying bonds on primary market; prospect of QE depends on economic situation; ECB will take care that its policy does not lead to restrictive effects; Eurozone inflation will probably decline in Q1, driven by energy prices.'

    However, buying interest at 1.2416 lifted the pair to 1.2479/80 in NY before trading sideways.
    Bids are now located at 1.2425-20 with mixture of bids and stops seen at 1.2400.
    On the upside, offers are tipped at 1.2470-75 and more at 1.2485-90 with stops building up at 1.2500.

    Yesterday, ECB's Visco said, quote:
    'oil price falls will further lower inflation in coming months, many at ECB support containing deflation risk.'
    Also yesterday, BundesBank statement:
    'ECB council unanimous in agreeing to use additional unconventional measures if needed;
    risks to Euro zone economic outlook are on the downside; this would mean changing scope, pace n composition of ECB measures at start of next year; sustained drop in oil price would result in 0.4% cut to its 2015 German inflation forecast.'

    Tuesday will see the release of Australia's RBA Minutes, Japan Normura/JMMA manufacturing PMI, China HSBC Manufacturing PMI, Markit Manufacturing PMI and Service PMI for France, Germany and Eurozone, Italy's Trade Balance, UK's Bank stress test results, PPI, CPI,RPI, BoE Financial Stability Report, Germany ZEW Current Conditions, Eurozone's trade balance, ZEW Economic Sentiment, Canada's Manufacturing sales, U.S.'s Building Permits, Housing Starts, Redbook and Markit Manufacturing PMI.

  2. #2
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    Smile AceTraderFx Dec 23: Intra-Day News and Views (EUR/USD) & data to be released today

    Intra-Day Market Moving News and Views
    23 Dec 2014
    02:16GMT

    EUR/USD - ....... The single currency met renewed selling interest at 1.2272 on Monday and fell to a fresh 27-month low at 1.2217 new New York close due to dollar's broad-based strength on renewed risk appetite following the rise in global stock markets.
    Offers are now tipped at 1.2245-50 and more at 1.2265-70.
    On the downside, some bids are located at 1.2220-15 with mixture of bids and stops seen at 1.2200.

    Euro is expected to remain under pressure for the rest of this year on speculation the European Central Bank will add stimulus next year as the Federal Reserve prepares to raise interest rates.

    In other news, S&P said on Monday that it still sees the first rate hike in June 2015, and says the Fed Funds rate can go as high as 1.25% by 2015 end. This corresponds with the Fed's own projection which had the range of Fed Funds between 1.000 and 1.25% (or 1.125% for the average of the low to high range).

    Tuesday will see the release of New Zealand's Trade Balance, Exports and Imports, China's CB Leading Economic Index, France's GDP, Producer Prices, Italy's Retail Sales, U.K.'s BBA Mortgage Approvals, Current Account, GDP, U.S.'s GDP, Personal Consumption, Redbook, Housing Price Index, Reuters/Michigan Consumer Sentiment, New Home Sales, Personal Income, Personal Spending.

  3. #3
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    Smile AceTraderFx Jan 12: Intra-Day News and Views (EUR/USD) & data to be released today

    Intra-Day Market Moving News and Views
    12 Jan 2015
    02:36GMT

    EUR/USD - ....... Although the single currency eased after extending last Friday's rise to 1.1870 in thin Asian morning due to dlr's broad-based weakness, renewed buying interest is located at 1.1840 and more at 1.1820-10.
    On the upside, some offers are tipped at 1.1880-90 with mixture of offers and stops seen at 1.1900.

    Market players are still focusing on the coming ECB's rate decision on 22 Jan that may impose more stimulus.
    Central-bank staff have presented policy makers with models for buying as much as 500 billion euros ($593 billion) of investment-grade assets, according to a person who attended a meeting of the Governing Council last week.

    Data to be released this week:

    Australia Housing Finance, U.S. Employment Trends on Monday. Markets in Japan will be closed for Coming of Age Day.

    Japan's Current Account and Economic Watchers Poll, China's Trade Balance, Exports and Imports, Italy's Industrial Output, U.K.'s BRC Retail sales, CPI, PPI, RPI, U.S. Rebook and Federal Budget on Tuesday.

    Japan's Machine Tool Orders, France's CPI, Italy's CI, U.K.'s CB leading economic index, U.S.'s Expots, Imports, Retail sales, Business Inventories and Fed's Beige Book on Wednesday.

    Japan's Corp Goods Price and Machinery Orders, U.K.'s RICS Housing Survey, Australia's Employment, Unemployment, Participation Rate, Germany's GDP, U.S.'s PPI, NY Fed Manufacturing, Philly Fed Business Index on Thursday.

    Germany's CPI and HICP, France Budget Balance, Switzerland Retail Sales, U.S. Real Weekly Earnings, CPI, Industrial Output, Capacity Utilization, University of Michigan Sentiment, Net Long-Term Flows on Friday.

  4. #4
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    Smile AceTraderFx Jan 20: Intra-Day News and Views (EUR/USD) & data to be released today

    Intra-Day Market Moving News and Views
    20 Jan 2015
    01:09GMT

    EUR/USD - ....... Euro fell ahead of Asian open on Tuesday following a short-covering rally to 1.1639 in thin N. American session, some cited for the intra-day weakness on euro-bearish news.
    Reuters reported Greece's anti-bailout opposition party Syriza appears to be gaining momentum with less than a week before Sunday's snap election, moving further ahead of the co-ruling conservatives in 3 separate opinion polls.

    Syriza, which wants to renegotiate a chunk of Greek debt and end austerity measures, saw its poll lead grow to 6.5 points on Monday, according to a survey for the University of Macedonia conducted for Greece's SKAI Television, up from a 4.5 point lead shown by the same pollster last week.

    Syriza would garner 33.5% of the vote, up from 31.5%, while PMr Antonis Samaras' New Democracy party, which has pushed through unpopular reforms as part of an international bailout, stood unchanged on 27%.

    A Syriza victory could trigger a stand off with Greece's EU and IMF lenders and unleash a new financial crisis.

    A 2nd survey on Monday, carried out by Alco for the newspaper Proto Thema, put Syriza on 33.1% with the conservatives on 28.5%, a 4.6 point lead for Syriza compared with a difference of 3.5 points in a poll by the same firm last week.

    A 3rd survey by GPO for television station Mega also showed Syriza pulling ahead, this time from a lead of 3.2 points in a survey conducted nearly 2 weeks ago to 4 points, with the anti-bailout party on 30.4% compared to 26.4% for New Democracy.

    All 3 pollsters indicated that centrist party Potami (River) could play the role of kingmaker if voters deliver a hung parliament, with the political movement created by a journalist-turned-politician coming in third place, although jointly with the far-right Golden Dawn party in one survey.

    Tuesday will see the release of New Zealand's NZIER Business Confidence, China's GDP, Retail sales, Industrial Output, Germany's Producer Prices, ZEW Current Conditions, ZEW Economic Sentiment, Italy's Trade Balance, euro zone's ZEW Economic Sentiment, U.S.'s Redbook, NAHB Housing Market Index.

  5. #5
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    Smile AceTraderFx Jan 28: Intra-Day News and Views (EUR/USD) & data to be released today

    Intra-Day Market Moving News and Views
    28 Jan 2015
    02:13GMT

    EUR/USD - ...... Despite yesterday's rally to 1.1424 due to active short-covering, renewed selling there knocked price lower to 1.1333 in NY and then 1.1331 today.
    Offers are tipped at 1.1390-00 and more at 1.1420-25.
    On the downside, some bids are located at 1.1310-00 with stops seen below 1.1290.

    According to Lars Loekke Rasmussen, the 50-year-old leader of Denmark opposition and the man who polls consistently show will become prime minister after elections due to take place by September. He said there's no point setting a date for a referendum on swapping Denmark's currency peg for full euro membership.

    Yesterday despite the release of upbeat U.S. consumer confi., broad-based strength in European currencies pushed euro higher and price extended intra-day rally from 1.1224 (Asia) to 1.1422 in NY morning before easing due to some profit-taking.

    Wednesday will see the release of Australia's Westpac leading index, CPI, RBA Trimmed Mean CPI, Switzerland UBS Consumption indicator, Germany's Gfk Consumer Sentiment, Import Price index, France's Consumer Confidence, FOMC rate decision and monetary policy statement.

  6. #6
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    Smile AceTraderFx Feb 3: Intra-Day News and Views (EUR/USD) & data to be released today

    Intra-Day Market Moving News and Views
    03 Feb 2015
    02:14GMT

    EUR/USD - ...... The single currency ratcheted higher to 1.1362 on Monday on renewed risk appetite n short-covering due to euro-positive news as Greece retreated from its call on the euro area to write down its debt, and instead proposed to exchange existing borrowings for new bonds linked to the country's growth.

    Euro maintained a firm undertone in Asian morning and bids are now located at 1.1325-20 and more at 1.1310-05 with stop only seen below 1.1300.
    On the upside, offers are tipped at 1.1360-65 n more at 1.1380.

    Bloomberg news reported that Finance Minister Yanis Varoufakis spoke to about 100 financiers in London late on Monday and outlined plans to swap some Greek debt owned by the European Central Bank and the European Financial Stability Fund for the new securities, according to a person who attended the meeting and asked not to be identified because they weren't authorized to speak publicly.

    Reuters reported Germany's Angela Merkel will have the chance to meet Greece's new leader Alexis Tsipras at a EU summit on Feb. 12, while their 2 finance ministers will meet in coming days, officials said on Monday.

    "The German gov't is looking forward to meeting the new Greek PM, there is no specific request for a meeting but there will be opportunities," Merkel's spokeswoman Christiane Wirtz told reporters, adding that Berlin was waiting to hear the Greek govt's ideas.
    "There is a willingness and interest in having good relations with the Greek gov't, but Germany will stand by the foundations of its euro policy," Wirtz added.

    Tuesday will see the release of Australia Trade Balance, Exports, Imports, Bulling Approvals, RBA rate decision and monetary policy statement, Switzerland's Trade Balance, UK's Markit/CIPS Construction PMI, Italy's CPI, euro zone Producer Prices, Canada Producer Prices, U.S's Redbook, and Factory orders.

  7. #7
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    Smile AceTraderFx Feb 5: Intra-Day News and Views (EUR/USD) & data to be released today

    Intra-Day Market Moving News and Views
    05 Feb 2015
    00:24GMT

    EUR/USD - ....... Euro tumbled in NY afternoon after ECB announced cancellaton of acceptance of Greek bond for funding.

    Earlier Reuters reported that the European Central Bank released the following statement on Wednesday on the eligibility of Greek bonds for use as security in its refinancing operations, quote:-
    Eligibility of Greek bonds used as collateral in Euro system monetary policy operations.
    ECB's Governing Council lifts current waiver of minimum credit rating requirements for marketable instruments issued or guaranteed by the Hellenic Republic.
    Suspension is in line with existing Euro system rules, since it is currently not possible to assume a successful conclusion of the programme review.
    Suspension has no impact on counter party status of Greek financial institutions.
    Liquidity needs of affected Euro system counter parties can be satisfied by the relevant national central bank, in line with Euro system rules.
    This decision does not bear consequences for the counter party status of Greek financial institutions in monetary policy operations. Liquidity needs of Euro system counter parties, for counter parties that do not have sufficient alternative collateral, can be satisfied by the relevant national central bank, by means of emergency liquidity assistance (ELA) within the existing Euro system rules.
    The instruments in question will cease to be eligible as collateral as of the maturity of the current main refinancing operation.

    Later, Reuters reported ECB has renewed its approval of an emergency liquidity assistance line (ELA) for Greek banks to enable them to fund themselves from the country's central bank, a Greek banking source told Reuters on Wednesday.
    The ECB had granted a 2-week approval last month n reappraised the situation on Wed.

    Thursday will see the release of Australia's HIA New Home Sales, Retail Sales, Switzerland's Consumer Confidence, Germany's Industrial Orders, UK's BoE rate decision and QE Total, U.S.'s International Trade, Labour Costs, Initial Jobless Claims, Productivity, Canada's Trade Balance, Exports and Imports.

  8. #8
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Feb 9: Intra-Day Market Moving News and Views (EUR/USD)

    Intra-Day Market Moving News and Views
    09 Feb 2015
    08:06GMT

    EUR/USD - .... Euro regains partial lost ground in early European trading after Fri's sell off to 1.1312. Although price came under renewed selling pressure in NZ after Greek PM Tsipras on Sunday rejected bailout ahead of EU meeting this Wednesday, short covering quickly emerged and price edged higher to 1.1340 in Asia.
    Another round of buying at 1.1318 by European traders pushed price higher, tripping some stops above 1.1340, however, more offers are tipped at 1.1350/60 are likely to check intra-day rebound.

    Choppy range trading is in store ahead of release of EZ Feb investor confidence at 09:30GMT. Street forecast is 3.0 vs prev. reading of 0.9.

    This morning the single currency tumbled from 1.1488 to 1.1311 last Friday due to the release of robust U.S. jobs report, price further weakened to 1.1287 in NZ/AUS today before recovering on profit-taking. .
    Investors are now focusing on the ongoing Greek debt saga and its potentially jarring impact as Leftist Prime Minister Alexis Tsipras laid out plans on Sunday to dismantle Greece's "cruel" austerity programme, ruling out any extension of its international bailout and setting himself on a collision course with his European partners.

    Besides, Euro zone finance ministers will meet at the Eurogroup gathering on Wednesday, at which the Greek finance minister has said he will present a comprehensive proposal. The European Council meeting takes place the following day.

  9. #9
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    Smile AceTraderFx Feb 10: Intra-Day News and Views (EUR/USD) & data to be released today

    Intra-Day Market Moving News and Views
    10 Feb 2015
    01:15GMT

    EUR/USD - ..... Market highlight will be EZ FinMins' meeting on Wednesday and Greece is at the top of the agenda. Reuters reported Greece and its EZ partners engaged in brinkmanship on Monday, with leftist PM Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a program.

    European Commission President Jean-Claude Juncker warned Greeks not to expect the euro zone to bow to Tsipras' demands in a growing confrontation which spooked financial markets and prompted U.S. and Canadian pleas for calm and compromise.

    Escalating the rhetoric, Greece's FinMin said the euro zone could collapse "like a house of cards" if Athens were forced out. A Greek finance official said he did not believe Juncker, IMF chief Christine Lagarde or German Chancellor Angela Merkel would let Greece go bankrupt, but Merkel said Greece needed to come up with a sustainable proposal. "I think what counts is what Greece will put on the table," Merkel said at a news conference in Washington.

    Visiting Austria on Monday, Tsipras said he was confident of striking a compromise with European partners in the coming days and renewed his appeal for a "bridge" arrangement until June to allow time to negotiate a restructuring of Greece's debt.

    Tuesday will see the release of Japan's Tertiary Industry Index, Australia's Home Price Index, NAB Business Conditions, China's CPI, PPI, Switzerland's Unemployment, CPI, France's Industrial Output, Italy's Industrial Output, U.K.'s BRC Retail Sales, Industrial Output, Manufacturing Output, U.S. Redbook, Wholesale sales and Wholesale inventories.

  10. #10
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    Smile AceTraderFx Feb 11: Intra-Day News and Views (EUR/USD) & data to be released today

    Intra-Day Market Moving News and Views
    11 Feb 2015
    01:44GMT

    EUR/USD - ...... A piece of Bloomberg's news report worth noting ahead of today's Eurogroup meeting. Currency volatility surged along with the U.S. dollar as Germany and Greece head for a showdown that is spurring traders to take out insurance against euro declines.

    The premium to protect against a drop in the euro versus the greenback rose to the highest since January 23rd - the day after the ECB announced it would purchase sovereign bonds - before Greece's official creditors hold an emergency meeting.
    A gauge of the dollar closed at its highest level in data going back to 2004 as comments from regional Federal Reserve presidents suggested policy makers could raise interest rates by mid year.

    Traders paid more to protect against euro losses as German FinMin Wolfgang Schaeuble doused the outlook for Greece's meeting. There are no plans to give Greece more time to negotiate, and "it's over" if the nation doesn't want the final tranche of its existing aid program, Schaeuble told reporters in Istanbul after a G20 meeting.

    Traders see 26% odds that the Fed will lift rates from a record low by the end of June, futures data showed.

    Wednesday will see the release of Australia's Westpac Confidence, Housing Finance, France's Current Account, U.S. Federal Budget. Markets in Japan will be closed on Wednesday due to National Foundation Day.

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