Intraday trading signal - page 19
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AUD/USD Intra-day signals by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.9330
Last Update At 21 Apr 2010 06:30 GMT
Although aud's breach of 0.9326 signals upmove
fm this week's low of 0.9157 has once again resumed
n marginal gain to 0.9340/45 cannot be ruled out,
loss of momentum shud cap price below 0.9354 n risk
fm there has increased of a retreat.
Exit long n stand aside. Only below 0.9294 wud
signal an intra-day top is made, 0.9264/70.
Range Forecast
0.9320 / 0.9345
Resistance/Support
R: 0.9334/0.9354/0.9365
S: 0.9294/0.9270/0.9246
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Daily Market Outlook by AceTrader
Market Review - 21/04/2010 21:12GMT
Euro declines broadly on possible delay of aid for Greece
The euro weakened against the dollar as worries over Greece continued while Germany's main opposition party threatened on Wednesday to challenge the approval of aid for Greece, which might delay the bailout for weeks.
Despite a brief recovery fm 1.3447 to 1.3447 at European opening, the single currency remained under pressure throughout Wednesday on Greek concerns as Greek/German 10-year govt. bond yield spread rose to a 12-year high of 502 basis points and the euro tumbled to a low of 1.3358 in European afternoon before staging a minor rebound on short-covering.
The British pound moved sideways in Asia session on Wednesday and rose to an intra-day high of 1.5441 after the release of BOE minutes together with stronger-than-expected jobs data. U.K. claimant count fell by 32,900 versus forecast of decrease of 10,000 whilst unemployment rate decreased to 4.8% against economists' expectation of 4.9%, the lowest rate since June 2009. Minutes of their April 7-8 meeting published showed a 9-0 vote for keeping interest rates at a record low of 0.5% and maintaining the stock of asset purchases financed by the issuance of central bank reserves at 200 billion pounds. Despite sterling's brief rise to said 1.5441 high in European mid-day from 1.5332, cable eased fm there n traded narrowly in NY session. Cross buying in the pound versus euro also helped to lift cable as eur/gbp breached daily support at 0.8705 n fell to as low as 0.8684 fm 0.8749.
Economic data to be released on Thursday include: Japan Trade balance, Swiss Trade balance, Germany Manufacturing PMI, Services PMI, EU Manufacturing PMI, Services PMI, U.K. Retail sales, Swiss ZEW index, U.S. Jobless claims, PPI, Existing home sales, Canada Leading indicators.
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GBP/USD Intra-day signals by AceTrader
INTRA-DAY GBP/USD: 1.5440
Last Update At 22 Apr 2010 08:30 GMT
Although cable has rebounded fm 1.5419 to
around 1.5459, subsequent retreat after faltering
below 1.5476 suggests further choppy sideways trad
ing wud be seen n below said lvl wud bring stronger
retrace. of this week's upmove to 1.5400.
Abv 1.5476 wud bring one more rise to 1.5500
but loss of momentum wud limit gain to 1.5524 res..
Range Forecast
1.5430 / 1.5470
Resistance/Support
R: 1.5476/1.5500/1.5524
S: 1.5400/1.5372/1.5332
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Daily Market Outlook by AceTrader
Market Review - 22/04/2010 21:51GMT
Euro plunges to a near one-year low on Greece's worse-than-expected budget deficit n Moody's downgrade
Despite euro's brief bounce to 1.3422 in European morning after the release of higher-than-expected German manufacturing PMI which rose to 61.3 in April versus economists' forecast of 60.1, the single currency retreated after the Eurostat revised up Greece's budget deficit by nearly a full point to 13.6% of gross domestic product last year. The Greek/German 10-year government bond yield spread jumped to 542 basis points from around 516 basis points at Wednesday's settlement. Euro later picked more downward momentum and tumbled to a fresh 2010 low of 1.3257 after Moody's downgraded Greece's sovereign ratings by one notch to A3 and indicated it may lower it further, citing the risk that the debt-laden country may end up paying a lot more for its borrowing than previously thought.
The British pound traded with a firm undertone initially on Thursday and hit an intra-day high of 1.5476 in European morning. However, cable swiftly retreated from there , reaching 1.5341 in NY morning before stablizing. Cable was pressured by a series of weaker-than-expected economic data.U.K. retail sales rose by 0.4% m/m n 2.2% y/y in March respectively, lower than economists' forecast of 0.6% m/m and 2.4% y/y increase. CBI manufacturing order book balance came in at -36 in April, weaker than the economists' forecast of -34.0.
Economic data to be released on Friday include: Germany Ifo index, U.K. GDP, EU Industrial orders, Canada CPI, U.S. Durable goods, U.S. New home sales, Canada Retail.
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EUR/USD Intra-day signals by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3225
Late Update At 23 Apr 2010 06:13 GMT
Although euro has rebounded after early brief
pullback to 1.3206, suggesting further choppy trad-
ing abv intra-day 1.3201 low (AUS) wud continue,
outlook remains bearish for MT downtrend to resume
to daily obj. at 1.3150/60 'later' today.
Hold short for 1.3205 1st n only firm rise abv
1.3267 wud risk recovery to 1.3280/90 b4 down.
Range Forecast
1.3210 / 1.3238
Resistance/Support
R: 1.3257/1.3267/1.3282
S: 1.3201/1.3185/1.3110
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Daily Market Outlook by AceTrader
Market Review - 23/04/2010 22:24GMT
Euro rallies on short-covering after Greece announced aid request
The single currency rebounded strongly from one-year low against the buck after Greece announced it will activate a financial aid package while Germany said it is prepared to commit to a plan that will bail out the debt-strapped country whilst the greenback strengthened to a two-week high against the Japanese yen on Friday as U.S. March new-home sales rose the most in almost five decades.
Mounting anxiety that Greece would default on its debt weighed on the single currency in Australia. Short term speculators sold the Euro on concerns that the Group of 20 industrialized and developed nations might not come up with an effective plan to address Greece's debt problems. Price dropped to 1.3201 in Australian session before stabilizing. However, euro rebounded strongly from there on active demand by sovereign names as well as announcement by Greece's PM George Papandreou that Greece would soon ask for the activation of emergency loans from the Eurozone and the International Monetary Fund, though the European Commission had no immediate comment. Euro climbed steadily higher vs usd and other currencies in New York session and rallied to as high as 1.3400, price closed near the day's high at 1.3383.
Despite trading sideways initially in Asia and Europe, the greenback rallied to 94.43 (two-week high) against the yen on renewed risk appetites after the U.S. new home sales was reported to rise by 26.9% which is the largest rise since April 1963 (31.2%). In addition, U.S. durable goods which came in weaker than expected at -1.3% in March versus the economists' forecast of an increase of 0.3% and upwardly revised 1.1% rise in February.
The finance ministers and central bankers from the top 20 industrialized nations begin another economic summit in Washington on Friday. On top of the discussion list will be Greece's debt problems and the revaluation of the Chinese yuan.
Economic data to be released next week include: Japan CSPI on Monday, Australia PPI, business confidence, Germany Gfk index, import price index, export price index, U.K. CBI distribution trade, consumer confidence, U.S. Midwest manufacturing, consumer confidence on Tuesday, Japan retail sales, Australia CPI, Germany CPI, HICP and U.S. rate decision on Wednesday. U.K. House price, Germany unemployment rate, E.U. Business climate, economic sentiment and U.S. jobless claims on Thursday. U.K. Gfk survey, Japan household spending, CPI, industrial production, housing start, unemployment rate, construction orders, E.U. HICP flash, unemployment rate, Swiss KOF indicator, U.S. PCE, GDP deflator, Chicago PMI, Canada GDP and PPI on Friday.
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Support, Resistance and Range forecast by AceTrader
INTRA-DAY USD/JPY:
Last Update At 26 Apr 2010 05:57 GMT
Range Forecast
94.10 / 94.35
Resistance/Support
R: 94.43 / 94.78 / 95.07
S: 93.85 / 93.64 / 93.31
-------------------------------------------------
INTRA-DAY EUR/USD:
Last Update At 26 Apr 2010 07:02 GMT
Range Forecast
1.3355 / 1.3398
Resistance/Support
R: 1.3400/1.3422/1.3447
S: 1.3347/1.3317/1.3301
-------------------------------------------------
INTRA-DAY USD/CHF:
Last Update At 26 Apr 2010 07:01 GMT
Range Forecast
1.0714 / 1.0745
Resistance/Support
R: 1.0769/1.0782/1.0810
S: 1.0714/1.0697/1.0670
-------------------------------------------------
INTRA-DAY GBP/USD:
Last Update At 26 Apr 2010 07:18 GMT
Range Forecast
1.5475 / 1.5505
Resistance/Support
R: 1.5496/1.5524/1.5576
S: 1.5476/1.5443/1.5416
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Daily Market Outlook by AceTrader
Market Review - 26/04/2010 21:16GMT
Euro rebounds strongly despite early fall
The single currency weakened initially as uncertainty whether the EU-IMF aid would arrive in time to avoid the eurozone's first sovereign default drove investors to sell euro on Monday.
Although euro rebounded to 1.3398 in Asian morning, the pair dropped from there and tumbled to 1.3291 in European morning on renewed worries over Greece as investors concerned about the potential conditions linked to the loan offered to Greece as German Chancellor Merkel said Greece must show it can return to sustainable economic path and further savings measures needed from Greece. Greek 5-year and Portuguese 5-year credit default swaps once hit session highs of 713 basis points and 318 basis points respectively. However, the single currency staged a strong rebound later and pared most of its early losses in NY afternoon. In other news, ECB's Weber stated the recovery of eurozone was under way and expected the second quarter will be much stronger than the previous one.
The British pound surged in Asian morning from 1.5365 on active cross-buying of sterling vs yen and euro due to the concerns over Greece's debt problems as Greece had been told to produce detailed plans this week to meet its budget deficit reduction targets in 2011 and 2012. Cable picked up more upward momentum after triggering stops above last Friday's high at 1.5399 and eventually hit 1.5498 before stabilizing.
Versus the Japanese yen, the greenback once hit 94.37 on speculation that Federal Reserve would raise interest rates before year end. The pair then spent the day inside the narrow range of 93.85-94.37 range on Monday as focus was on the single currency over the Greece's debt problems.
Economic data to be released on Tuesday include Australia PPI, business confidence, Germany Gfk index, import price index, export price index, U.K. CBI distribution trade, consumer confidence, U.S. Midwest manufacturing, consumer confidence.
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AUD/USD Intra-day signals by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.9255
Last Update At 27 Apr 2010 06:08 GMT
As aussie has recovered after early retreat fm
0.9287 to 0.9243, suggesting choppy consolidation
abv there is in store n gain to 0.9270/75 cannot be
ruled out, however, reckon 0.9287 shud continue to
cap upside n bring retreat later.
Only below 0.9237 wud yield weakness to 0.9200
/05. Stand aside for now.
Range Forecast
0.9243 / 0.9285
Resistance/Support
R: 0.9285/0.9313/0.9339
S: 0.9243/0.9237/0.9194
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