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
3 Aug 2020 23:32 USD/JPY - 106.05... Reuters reported core consumer prices in Tokyo rose 0.4 percent in July from a year earlier, government data showed on Tuesday. 
The core consumer price index for Japan's capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.2 percent annual rise. 
3 Aug 2020 23:14 USD/MAJORS... Reuters earlier reported U.S. President Donald Trump said on Monday that he has the right to issue an executive order on mail-in voting but hasn't gotten to it yet, and he vowed to sue Nevada over a new law that would send mail-in ballots to every voter ahead of the November presidential election. 
The remarks come as Trump has sought to stoke fears of voter fraud stemming from mail-in balloting, an option that some states see as a useful way to allow citizens to vote amid the surging coronavirus pandemic. 
3 Aug 2020 23:12 USD/MAJORS... Reuters earlier reported Chicago Federal Reserve Bank President Charles Evans on Monday called forcefully for more U.S. government spending to support the economy, saying it is up to lawmakers and the White House to put the job market back on track toward health. 
"Aggregate demand trouble is brewing with the expiration of these relief policies," including supplemental jobless benefits and a national moratorium on evictions that ended last month, Evans told reporters on a call. "The punch line ought to be, 'the ball is in Congress' court.' Fiscal policy is really fundamental for getting us going forward." 
In making that point Evans joined several other Fed policymakers on Monday, even as congressional Democrats and Trump administration officials made little progress on crafting a coronavirus relief bill to follow a $2.3 trillion package passed in March. 
3 Aug 2020 23:10 USD/MAJORS... Reuters earlier reported the U.S. economy faces a much larger downturn than previously forecast if Congress is unable to provide longer-term fiscal support quickly to tens of millions of Americans who are currently jobless, Richmond Fed President Thomas Barkin said on Monday. 
"Four months ago, when we did the first stimulus, we thought the economy faced a pothole and the stimulus put a plate over it so we could navigate. Now escalation of the virus may be making that pothole into a sinkhole and creating a need for a longer plate," Barkin said in webcast remarks to the Northern Virginia Chamber of Commerce. "If Congress takes support away too abruptly ... the unemployed, their landlords, the places they shop will then feel the full brunt." 
U.S. central bank officials have become increasingly pessimistic about the short-term outlook for the economy amid a resurgence in coronavirus infections across the country and continuing deadlock in Congress on passing a new relief bill. 
3 Aug 2020 23:08 USD/JPY - 106.02... Reuters then reported Bank of Japan Governor Haruhiko Kuroda said the central bank may consider extending a March 2021 deadline for lending facilities aimed at channeling funds to companies hit by the coronavirus pandemic, the Yomiuri newspaper reported on Tuesday. 
In the interview with the daily, Kuroda also said risks to Japan's economy were high as COVID-19 infection numbers were increasing not just in Tokyo but outside the capital city. 
3 Aug 2020 23:02 USD/JPY - 106.02... Reuters news, BoJ Governor Kuroda says : 
- if needed, may mull extending march 2021 deadline of steps to support corporate funding  
- Japan's economy gradually heading toward recovery, but downside risk is big given increase in COVID-19 infections outside of Tokyo 
- expanding loan scheme, cutting short-, long-term rate targets, ramping up ETF buying among options if BoJ were to ease further 
3 Aug 2020 17:14 USD/MAJORS... Reuters then reported the U.S. economic recovery from the coronavirus recession likely slowed in July after surprising to the upside in May and June, and the trajectory from here is unlikely to be smooth, St. Louis Federal Reserve Bank President James Bullard said on Monday. 
Bullard, in a presentation during an online event hosted by the St. Louis Fed's Memphis, Tennessee, branch, said it appears as though the trough in economic activity occurred in April. 
3 Aug 2020 16:44 USD/MAJORS... Reuters news, Fed's Bullard says : 
- the virus has proven to be less deadly than initially feared but also turned out to be more persistent 
- you still have to take mitigating actions to keep the disease under control even if fatalities come down 
3 Aug 2020 14:39 USD/MAJORS... Reuters reported U.S. construction spending fell to a one-year low in June, weighed down by declines in outlays on private and public construction projects. 
The Commerce Department said on Monday that construction spending dropped 0.7% to $1.355 trillion, the lowest level since June 2019. Data for May was revised to show construction outlays falling 1.7% instead of decreasing 2.1% as previously reported. 
Economists polled by Reuters had forecast construction spending would rebound 1.0% in June. Construction spending edged up 0.1% on a year-on-year basis. 
3 Aug 2020 13:42 USD/MAJORS... Reuters news, in an interview with Fox News, White House adviser Navarro says : 
- Trump wants to see immediate progress on unemployment and eviction help while coronavirus aid bill talks continue 
- administration wants enhanced employment package passed in next couple of days 
3 Aug 2020 13:06 USD/MAJORS... Reuters then reported Dallas Federal Reserve Bank President Robert Kaplan said on Monday that while "a lot" of his business contacts had complained that the now-expired $600 weekly benefits to the unemployed made it harder for them to hire, the data does not show that they hurt the job market overall. 
"We've looked at a number of studies, we've done our own work: we don't see it as much in the data but I can tell you I'm hearing it from business people," Kaplan told Bloomberg TV. "While it may have made it hard for certain individual businesses to hire, it has helped create jobs, because it has helped bolster consumer spending, so the net effect still has probably been positive for the economy for employment." 
3 Aug 2020 12:34 USD/MAJORS... Reuters news, in an interview with Bloomberg TV, Fed's Kaplan says : 
- it is still his view US economy will contract in 2020 at about 4.5% to 5% 
- he expects unemployment rate to end year at about 9% or 10%, unless can manage virus better 
- he expects an extension in some form of unemployment benefits; if not, would see a further economic weakening 
- he does not see in the data that the extra $600 weekly for unemployed was making it harder for businesses to hire 
- he believes virus can be managed without another shutdown, if all wear masks 
- he would not want to change Fed's forward guidance to target higher than 2% inflation 
- he would prefer to tie any future forward guidance to employment, or to both inflation and employment 
- he hopes to get further feedback on Main Street lending so that program can be used more 
- Fed should be cognizant, concerned about Fed's impact on asset prices; important that Fed's programs have sunset date 
3 Aug 2020 10:06 GBP/USD - 1.3042... Although the British pound extended its recent winning streak and rose to a fresh 4-1/2 month high at 1.3170 in New York morning, cable met renewed selling and fell to 1.3071 near the close on usd's broad-based rally, then to 1.3057 at Asian open today. The pair then rebounded to 1.3096 and then retreated to 1.3055 at European open before rising to 1.3113 but only to drop again to 1.3038 on the greenback's strength. 
Despite Friday's resumption of medium term upmove from March's near 35-year bottom at 1.1412 to 1.3170, subsequent sharp retreat suggests temporary top is in place and consolidation with mild downside bias would be seen, however, reckon 1.3015/20 should hold and yield rebound. Bids are noted at 1.3040-35 with stops below 1.3415 while offers are tipped at 1.3100/05 with more above and stops above 1.3170. 
Although there will be no economic data from UK today, traders should keep an eye for any Brexit related headlines. 
3 Aug 2020 08:37 GBP/USD - 1.3104... Reuters reported British manufacturing output grew at its fastest pace in nearly three years in July as factories reopened and demand began to pick up after the coronavirus lockdown was eased, a closely watched business survey showed on Monday. 
The IHS Markit/CIPS manufacturing Purchasing Managers' Index (PMI) rose to 53.3 in July from June's 50.1, broadly in line with an earlier flash estimate of 53.6 and the highest since March 2019. 
3 Aug 2020 08:02 EUR/USD - 1.1765... Reuters reported manufacturing activity across the euro zone expanded for the first time since early 2019 last month as demand rebounded after more easing of the restrictions imposed to quell the spread of the new coronavirus, a survey showed on Monday. 
Just over 18 million people have been infected by the coronavirus. But governments around Europe have eased some restrictions that had shuttered vast swathes of the bloc's economy.  
Factories appear to be playing their part in the recovery. IHS Markit's final Manufacturing Purchasing Managers' Index bounced to 51.8 in July from June's 47.4 - its first time above the 50 mark that separates growth from contraction since January 2019. An initial "flash" release had it at 51.1. 
An index measuring output which feeds into a composite PMI due on Wednesday leapt to 55.3 from 48.9, its highest since April 2018. 

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