AceTrader - Best Intra-day Forex Trading Strategies


  Subscribe | Forget password


Market Moving News Bookmark and Share

News item below are time-delayed, to get the latest news, please try our >> Trial Offer <<
Intra-day Market Moving News
1 Dec 2020 01:47 EUR/GBP - 0.8952... Reuters reported British and European Union negotiators have the options in front of them to conclude a Brexit free-trade deal this week, Irish Prime Minister Micheal Martin was quoted as saying on Tuesday, expressing hope that they would succeed. 
"There is a landing zone for an agreement. It will require political will to conclude the deal and there are options to conclude the deal, and so on balance, I would be hopeful that it can be done at the end of this week," Martin told the Irish Times in an interview. 
"We are now really in the endgame if a deal is to be arrived at this week," said Martin, who had also expressed hope at the beginning of last week that the outline of a trade deal would be agreed within days. 
1 Dec 2020 01:37 EUR/USD - 1.1945.. Euro's 2020 peak at 1.2011 (Sep) proved to be a bridge too far for the single currency in hectic Mon's session. Despite ratcheting higher at 1.156 (NZ) to 1.1976 ahead of European open n then gain to a fresh 12-week high of 1.2003 in NY morning, the pair fell at NY currency fixing due to broad-based month end demand for usd n later tumbled to session lows of 1.1925 at the close. 
Today is PMI day in the euro area countries, pls refer to our EI page for details. Euro area FinMin will meet via videoconference. ECB President Lagarde speak at opening of the Atlantic Council's GeoEconomics Center in Frankfurt at 17:00 GMT. 
Although price has staged a rebound in Asia n fresh buying interest (bargain hunting), as y'day's decline signals recent upmove has made temporary top, consolidation with downside bias is seen for another fall, reckon sup at 1.1883-86 would contained weakness. Offers are tipped at 1.1955/65 n more abv with fairly large stops reported abv 1.2015. Bids are noted at 1.1925/15 with stops below 1.1880. 
1 Dec 2020 01:33 EUR/GBP - 0.8950... Reuters Brexit news, Irish PM says :  
- we are now really in the endgame if a deal is to be arrived at this week  
- there is a landing zone for an agreement, there are options to conclude the deal 
- anticipates delays at Irish ports in January, February even in a benign Brexit 
- if trade deal is agreed, may be some flexibility on enforcement of EU food, animal health check rules at borders 
- hopeful a deal can be done at the end of this week 
1 Dec 2020 01:27 USD/JPY - 104.35.. The greenback moved narrowly on the first trading day in Dec but final month of 2020 in early Asian morning after Mon's wild swings. The pair staged a strg recovery fm y'day's near 1-week low of 103.84 to 104.34 in European morning but fell back to 103.92 in NY morning but later rallied to session highs of 104.40 near the close as the greenback caught a bid due to month-end demand. 
Y'day's 3-legged rise fm 103.84 to 104.40 suggests further choppy swings abv previous 103.66 sup would continue with near term upsie bias, however, as broad outlook remains consolidative, reckon upside would falter below last week's high at 104.75 (Tue). Bids are noted at 104.20-10 n more below with stops below 103.80. Offers are tipped at 104.45/50 n more abv with stops reported abv 104.75. 
On the eco. data front, the U.S. will later release redbook sales, Markit mfg PMI, ISM mfg PMI n cibstruction spending. Fed Chairman J. Powell will testify before the Senate Banking Committee at 15:00GMT n we also have several Fed officials speaking in NY session (pls refer to our EI section for details). 
1 Dec 2020 00:36 USD/JPY - 104.32... Reuters reported Japan's factory activity moved a notch closer to stabilisation in November thanks to slower declines in output and new orders, suggesting the economy was shaking off the drag from the COVID-19 crisis. 
The world's third-largest economy posted the fastest growth on record in the third-quarter, rebounding from its biggest postwar slump, thanks to stronger consumption and exports, though the outlook is clouded by a resurgence in coronavirus infections.  
The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) rose to 49.0 in November from the previous month's 48.7 and a preliminary 48.3 reading. 
30 Nov 2020 23:37 USD/JPY - 104.33... Reuters reported Japan's jobless rate inched up to 3.1% in October, the Ministry of Internal Affairs said on Tuesday, while separate data showed the availability of jobs rose for the first time in 1-1/2 years. 
The seasonally adjusted unemployment rate matched the median forecast and compared with 3.0% in September. 
30 Nov 2020 23:05 USD/MAJORS - Reuters earlier reported a slowing recovery and a surging pandemic mean the United States is entering a "challenging" few months, with the potential deployment of a vaccine still facing the hurdles of production and mass distribution before its impact on the economy becomes clear, Fed chair Jerome Powell said on Monday. 
"The rise in new COVID-19 cases, both here and abroad, is concerning and could prove challenging for the next few months," Powell said in remarks prepared for delivery to a congressional hearing on Tuesday morning. 
"Recent news on the vaccine front is very positive for the medium term. For now, significant challenges and uncertainties remain, including timing, production and distribution, and efficacy across different groups. It remains difficult to assess the timing and scope of the economic implications of these developments with any degree of confidence." 
30 Nov 2020 16:31 GBP/USD - 1.3340...Reuters then reported Bank of England policymaker Silvana Tenreyro said a cut in the central bank's interest rate to below zero could help Britain's economy via a weaker exchange rate and higher asset prices, as well as increased bank lending. 
"The evidence we have from Europe and other European countries (that have cut rates below zero) is that the lending channel of the transmission of monetary policy has worked," Tenreyro told the Resolution Foundation think tank. 
"And apart from the bank lending channel I would expect the other channels to also work well - the exchange rate channel, and the wealth or asset price channel." 
30 Nov 2020 16:13 USD/MAJORS - Reuters news, Fed's Barkin says : 
- existing level of bond purchases providing pretty strong stimulus 
- duration extension an option if Fed decides more stimulus is needed 
- concerned workers frozen in place by nature of pandemic, hope that former jobs will still return 
- still hard to see huge drop in spending, other activity as virus surges 
30 Nov 2020 14:44 GBP/USD - 1.3351... Reuters news, BoE's Tenereyo says : 
- my most recent vote for more QE sought to guard against market dysfunction after economy had weakened 
- she expects pick-up in activity to reverse due to Nov lockdown 
- news on vaccines appears very positive 
30 Nov 2020 13:18 GBP/USD - 1.3344... Brexit news fm Reuters, ITV political editor says : 
- UK sources say they can see a political solution to the impasse in EU free trade talks 
- grounds for optimism that a compromise is within reach 
30 Nov 2020 13:07 EUR/USD - 1.1977... Reuters news, Germany Chancellor Angela Merkel says : 
- the economic consequences of the pandemic will be with us for years 
- in this respect the December 10 EU summit will be crucial 
- there is little time left on Brexit, some members states are getting impatiend 
- we don't need a deal with Britain at any price 
30 Nov 2020 12:51 GBP/USD - 1.3331... Reuters news, UK FinMin Sunak says : 
- he is optimistic and hopeful that UK can reach deal with EU 
- UK should not have a deal with EU at any price 
30 Nov 2020 12:39 GBP/USD - 1.3335... Reuters reported Britain wants to reach a free trade agreement with the European Union "as soon as possible" but will not be changing its negotiating position, a spokesman for Prime Minister Boris Johnson said on Monday. 
Talks on securing a Brexit trade deal went on until late on Sunday and continue in London on Monday. 
"We want to try and reach a free trade agreement as soon as possible but we've been clear we won't change our negotiating position," the spokesman told reporters. "Although there has been some progress, there still remains divergence on issues (such as) fisheries and the level playing field." 
30 Nov 2020 12:33 EUR/GBP - 0.8987... Reuters news, EU source says : 
- EU-UK trade talks over weekend in London "quite difficult", massive divergences remain on three main areas 
- EU negotiating team to stay on in London for more talks in the coming days 

  |    Home  |  Contact Us  |  Subscribe  |  Site Map  |  Disclaimer  |  Risk Disclosure  |  Advertise with us  |  Top