AceTrader - Best Intra-day Forex Trading Strategies
 

MEMBER LOGON

Username:  
Password:
  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
2 Aug 2021 06:10 EUR/USD - 1.1873... Reuters reported German retail sales increased much more than expected in June following an easing of COVID-19 restrictions, supporting hopes for a consumer-driven recovery in Europe's largest economy, data showed on Monday. 
 
The Federal Statistics Office said retail sales rose 4.2% on the month in real terms after an upwardly revised jump of 4.6% in May. The June reading was more than double a Reuters forecast for a rise of 2.0%. 
 
2 Aug 2021 05:28 USD/JPY - 109.67... Reuters reported Japan's consumer confidence improved slightly in July from June, a government survey showed on Monday. 
 
The seasonally-adjusted consumer confidence index stood at 37.5 in July, up from 37.4 in the previous month, the survey showed. 
 
2 Aug 2021 02:57 EUR/USD - 1.1872.. The single currency is in holding pattern in Asia after retreating from Fri's 1-month high of 1.1909 ahead of NY open to session lows of 1.1852 in NY morning as mildly upbeat U.S. data led to broad-based short covering in usd. 
 
As said Fri's retreat suggests recent erratic rise from Jul's 3-1/2 month trough at 1.1753 has made a temporary top at 1.1909, consolidation with downside bias is seen, below 1.1830 would yield stronger retracement to 1.1800/05. Order board is pretty thin with offers tipped at 1.1880/90 with stops abv 1.1910 while some bids are noted at 1.1855-50 with stops below there. 
 
Today is PMI day in the euro area countries, pls refer to our EI page for details n pay attention to Germany's n EU's Markit PMI, a weaker-than-expected number will weigh on the euro. 
 
2 Aug 2021 02:43 USD/JPY - 109.67.. Dlr moves narrowly on the first trading day of Aug in subdued Asian morning following a rebound fm Fri's 9-day trough of 109.37 (Asia) to 109.83 in NY following release of a slew of mildly upbeat U.S. data. 
 
As said Fri's bounce suggests further choppy swings abv Jul's 7-week trough at 109.07 would continue, abv 109.83 would encourage for further subsequent headway twd 110.28. Bids are noted at 109.60-50 with stops below 109.30 while offers are tipped at 109.85/90 with stops touted abv there. 
 
U.S. will later release Markit mfg PMI, then construction spending n ISM mfg PMI, if PMI data beat market forecasts, then usd will extend Fri's gain. 
 
2 Aug 2021 02:15 USD/MAJORS... Reuters reported U.S. senators finalized details on Sunday of a sweeping $1-trillion plan to invest in roads, bridges, ports, high-speed internet and other infrastructure, with some predicting the chamber would pass the bipartisan legislation this week. 
 
The massive infrastructure package, a goal that has eluded Congress for years, is a top legislative priority for Democratic President Joe Biden and would represent the largest investment in U.S. infrastructure in decades. 
 
Senators said the 2,702-page bill included $550 billion in new spending over five years for items such as roads, rail, electric vehicle charging stations and replacing lead water pipes on top of $450 billion in previously approved funds. 
 
2 Aug 2021 01:47 USD/MAJORS... Reuters reported China's factory activity growth slipped sharply in July as demand contracted for the first time in over a year in part on high product prices, a business survey showed on Monday, underscoring challenges facing the world's manufacturing hub. 
 
The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 50.3 last month from 51.3 the month before, the lowest level since April 2020. 
 
Analysts polled by Reuters had expected the index to ease to 51.1. The 50-mark separates growth from contraction on a monthly basis. 
 
2 Aug 2021 00:56 USD/MAJORS... Reuters news, U.S. Senator Sinema says : 
 
- introduces roughly $1 trillion bipartisan infrastructure bill on senate floor 
 
2 Aug 2021 00:54 USD/MAJORS... Reuters news, Republican Senator Portman says : 
 
- U.S. Senate infrastructure bill sets $500 billion in new spending 
 
2 Aug 2021 00:30 USD/JPY - 109.63... Reuters reported Japan's factory output growth picked up in July due to a stronger expansion of output and new orders, as manufacturers benefited from a continuing recovery of the coronavirus pandemic-hit global economy. 
 
The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) in July rose to 53.0 on a seasonally adjusted basis from 52.4 in the previous month. 
 
That compared with a 52.2 flash reading released last month. 
 
1 Aug 2021 15:22 USD/MAJORS - Reuters just reported Minneapolis Federal Reserve Bank President Neel Kashkari told CBS' "Face the Nation" on Sunday that concerns about the spread of the contagious Delta COVID-19 variant "could slow" some the U.S. labor market recovery, noting the virus is "creating a bunch of caution.
31 Jul 2021 03:30 USD/MAJORS - Reuters reported China will maintain a prudent, flexible and targeted monetary policy in the second half of the year, its central bank said on Saturday, as it seeks to support growth while keeping the digital economy in check. 
 
China's economy has staged a strong rebound from the impact of the COVID-19 pandemic, but recent data has suggested that gains are fading. 
 
Factory activity in July grew at the slowest pace in 17 months since February 2020 when the impact of lockdowns to control the coronavirus pandemic was first felt. New export orders contracted for three straight months.  
 
31 Jul 2021 02:31 USD/MAJORS - Reuters just reported China's factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance and extreme weather weighed on business activity, adding to concerns about a slowdown in the world's second-biggest economy. 
 
The official manufacturing Purchasing Manager's Index (PMI) eased to 50.4 in July from 50.9 in June, data from the National Bureau of Statistics (NBS) showed on Saturday, but remained above the 50-point mark that separates growth from contraction. 
 
Analysts had expected it to slip to 50.8. It was the lowest figure since the index slumped to 35.7 in February 2020, after China began lockdowns to control the coronavirus pandemic. 
 
31 Jul 2021 00:36 Continues from previous update... 
 
Brainard's assessment of progress on the labor market front was in line with that of Fed Chair Jerome Powell, who at the end of the Fed's meeting on Wednesday said the U.S. job market still had "some ground to cover" before the Fed could start to taper its bond purchases. 
 
But Brainard also offered something new: a potential hint on the timing of any taper decision, at least for her. 
 
"Importantly, I expect to be more confident in assessing the rate of progress once we have data in hand for September, when consumption, school, and work patterns should be settling into a post pandemic normal," Brainard said. 
 
31 Jul 2021 00:35 USD/MAJORS - Reuters just reported the Federal Reserve needs to see more improvement in the pandemic-hammered U.S. labor market before pulling back on support for the economy, Fed Governor Lael Brainard said on Friday, adding that she'll be more confident in judging that progress once she has September data in hand. 
 
"The determination of when to begin to slow asset purchases will depend importantly on the accumulation of evidence that substantial further progress on employment has been achieved," Brainard said in remarks prepared for delivery to the Aspen Economic Strategy Group. "As of today, employment has some distance to go." 
 
Earlier this week Fed policymakers began tackling in earnest the thorny questions of how soon and how quickly to trim their current $120 billion in monthly asset purchases, aimed at boosting economic growth by pushing down on borrowing costs. 
 
31 Jul 2021 00:05 USD/MAJORS - Reuters reported earlier U.S. dollar net longs rose in the latest week to their highest level since early March last year, according to Reuters calculations and Commodity Futures Trading Commission data released on Friday. 
 
The value of the net long dollar position advanced to $2.99 billion in the week ended July 27, from net longs of $399.69 million the previous week. U.S. dollar positioning flipped to net longs last week after being net short for 16 months. 
 
For the month of July, however, the dollar index posted a minor 0.2% decline after rising 2.8% in June. 
 


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