Intraday trading signal - page 111
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
AceTraderFx Aug 5: Market Review & data to be released today
Market Review - EUR/USD
EUR/USD - ... Yesterday on Europe closing saw the single currency traded narrowly on Monday after Fri's strong rebound to 1.3445. Euro ratcheted lower from last Fri's NY high at 1.3445 to 1.3409/10 in New York b4 recovering. Some bids are now reported at 1.3410-05 whilst some offers are tipped at 1.3430-40, however, trading was subdued as investors are waiting for the ECB's rate decision on Thursday.
Earlier Fed issued a statement, quote:
banks eased lending standards for many loan categories amid broad-based pickup in loan demand in 3-month period to July;
many banks eased standards on prime residential home loans;
little change in standards for other household loans; domestic banks eased lending standards for commercial/industrial, most types of commercial real estate loans;
banks saw stronger demand for many more loan categories that in April survey - quarterly senior loan officers survey.
Tuesday will see the release of Australia’s import, export and trade balance, Japan’s services PMI, China HSBC services PMI, Reserve Bank of Australia rate decision, German and Eurozone Markit services PMI, Eurozone retail sales, U.S. redbook, U.S. Markit services PMI, ISM non-manufacturing PMI, durable goods and factory orders.
AceTraderFx Aug 5: Daily Technical Outlook & Trading Ideals on USD/GBP
DAILY GBP/USD TECHNICAL OUTLOOK
Last Update At 05 Aug 2014 00:32GMT
Trend Daily Chart
Down
Daily Indicators
Falling
21 HR EMA
1.6848
55 HR EMA
1.6854
Trend Hourly Chart
Sideways
Hourly Indicators
Rising
13 HR RSI
68
14 HR DMI
+ve
Daily Analysis
Marginal recovery b4 strg retreat
Resistance
1.6956 - Last Wed's high
1.6928 - Last Wed's NY high
1.6893 - Last Thur's NY high
Support
1.6812 - Last Fri's 6-week low
1.6785 - Jun 12 low
1.6738 - Jun 11 low
. GBP/USD- 1.6864... Despite cable's brief drop to 1.6813 in Europe Mon after last Fri's brief bounce fm a fresh 6-week low of 1.6812 to 1.6862, renewed buying emerged n lifted price higher. Cable ratcheted higher on cross buying in sterling to 1.6864 in late NY, then 1.6867 ahead of Asian open today.
. Y'day's cross-inspired strg rebound after holding abv last Fri's low at 1.6812 suggests choppy consolidation wud be seen n as hourly indicators are rising, suggesting as long as 1.6812/13 sup area holds, upside bias remains for a stronger retracement of erratic decline fm Jul's near 6-year peak at 1.7192 n gain to 1.6884 may be seen but 1.6907 wud hold (being 38.2% n 50% r of intermediate fall fm 1.7001) n yield strg retreat. On the upside, only a daily close abv 1.6933 wud confirm temp. low is in place, then stronger gain twd 1.7001 (last week's high on Mon) wud be seen b4 down. Looking ahead, cable's early sell off fm 1.7192 to 1.6995 confirms a major top has been made n price is en route twd next daily chart obj. at 1.6738 later.
. Today, we're selling cable on intra-day rise for one more fall or buy if price briefly drops below 1.6812 in anticipation of another corrective bounce.
AceTraderFx Aug 6: Intra-Day Market Moving News & Views & data to be released today
Intra-Day Market Moving New and Views USD/JPY
06 Aug 2014 02:39GMT
USD/JPY - .... The greenback went through a roller-coaster session on Tue. Although price found renewed buying at 102.46 in Asia n climbed steadily in Europe due to recovery in the Nikkie future, price then hit session high of 102.93 after the release of a slew of upbeat U.S. data (ISM non-manufacturing PMI n factory orders), active cross-buying in yen due to risk aversion due to sell off in U.S. equities on renewed geopolitical tension in the Ukraine pressured price sharply lower to 102.48ahead of NY close b4 staging a minor recovery to 102.64 in Australia.
Today, range trading is envisaged n intra-day broad-based strength in the greenback suggests mild upside bias remains. However, do pay attention to the U.S. trade balance at 12:30GMT as market forecast for the deficit figure to widen to $44.7 bln vs prev. reading of $44.4 bln. A narrowing of the deficit may give dlr a lift. Bids are noted at 102.40-35 with stops below 102.30, however, more buying interest is reported at 102.10-00. On the upside, offers are placed at 102.70/75 n then 102.90-00 with stops touted above 103.00.
Wednesdaywill see the release of New Zealand HLFS unemployment rate, UK BRC shop price index, Japan’s leading indicator, German industrial orders, Swiss CPI, U.K. industrial and manufacturing output, Canada’s import, export and trade balance.
AceTraderFx Aug 6: Daily Technical Outlook & Trading Ideals on EUR/USD
DAILY EUR/USD TECHNICAL OUTLOOK
Last Update At 06 Aug 2014 00:12GMT
Trend Daily Chart
Down
Daily Indicators
Falling
21 HR EMA
1.3383
55 HR EMA
1.3397
Trend Hourly Chart
Down
Hourly Indicators
Rising fm o/s
13 HR RSI
33
14 HR DMI
-ve
Daily Analysis
Resumption of MT downtrend
Resistance
1.3485 - Jul 24 high
1.3445 - Last Fri's high
1.3425 - Y'day's high
Support
1.3358 - Y'day's low
1.3332 - 61.8% proj. of 1.3549-1.3366 fm 1.3445
1.3295 - Nov 2013 low
. EUR/USD- 1.3372 ... Despite staging a brief bounce to 1.3425 at European open on Tue, the single currency came under renewed selling pressure after the release of weaker-than-expected Italy's Markit services PMI. Euro later tumbled to a near 9-mth low at 1.3359 on upbeat U.S. data n renewed tension in Ukraine.
. Looking at the bigger picture, euro's breach of last Wed's 8-1/2 month trough of 1.3366 confirms MT decline fm 2014 2-1/2 year peak at 1.3995 (May) has once again resumed n further weakness to 1.3332 (being 61.8% projection of 1.3549-1.3366 measured fm 1.3445) wud be forthcoming soon, below wud extend weakness twd 1.3295 (Nov 2013 low) later. On the upside, only a break of 1.3445 (reaction high after last Fri's U.S. jobs report) wud violate recent series of lower highs n lower low fm 1.3995 n signal a temporary low is finally in place n may bring stronger retracement to 1.3485 n 1.3503 (Jun's bottom).
. Today, in view current bearish analysis, selling euro on recovery in anticipation of further weakness is the way to go, however, low readings on the hourly oscillators shud prevent steep fall fm there n reckon previous daily sup at 1.3295 shud hold on 1st testing n yield rebound later.
AceTraderFx Aug 7: Intra-Day Market Moving News & Views & data to be released today
Intra-Day Market Moving New and Views AUD/USD
07 Aug 2014 01:34GMT
AUD/USD - .... Aussie tanks after Australian jobless rate in July climbed sharply to 6.4% vs forecast of 6.0% whilst employment change came in at -300 vs street forecast of a +12K job growth. The pair tumbled fm 0.9355 to 0.9302 after the data shock.
Last night, U.S. President Obama said: 'can't solve entire corporate tax inversions problem administratively, but looking for ways to interpret statutes to discourage use of loophole; would prefer congress pass law end inversion loophole but White House reviewing all its options on the issue; we don't want to see this trend grow on inversions, so wants to move quickly on the issue.'
He also said 'Russian economy has "ground to a halt" as result of U.S. and European sanctions; supports ceasefire negotiations talking place in Egypt, wants to make sure that current temporaty truce holds.'
News from Reuters, Russia's veterinary service to ban all U.S. agricultural products and all EU fruit, vegetable imports - RIA news agency says, citing the service.
Thursday will see the release of Australia’s unemployment rate, Swiss consumer confidence, German industrial output, Bank of England rate decision, eurozone rate decision, Canada’s Ivy PMI and building permit.
AceTraderFx Aug 7: Daily Technical Outlook & Trading Ideals on USD/JPY
DAILY USD/JPY TECHNICAL OUTLOOK
Last Update At 06 Aug 2014 23:50GMT
Trend Daily Chart
Sideways
Daily Indicators
Turning down
21 HR EMA
102.27
55 HR EMA
102.47
Trend Hourly Chart
Down
Hourly Indicators
Rising fm o/s
13 HR RSI
30
14 HR DMI
-ve
Daily Analysis
Consolidation b4 one more fall
Resistance
103.15 - Wed's high
102.93 - Tue's high
102.34 - Last Fri's low
Support
101.78 - Y'day's low
101.32 - Jul 23 low
101.07 - Jul 10 low
. USD/JPY- 102.10 ... The greenback ratcheted lower on Wed n penetrated Tue's low of 102.48 n then last Fri's low at 102.34 in Europe on renewed risk aversion due to rising tensions in Ukraine together with the selloff in European equities. Price later tumbled to 101.78 in New York session b4 recovering.
. Looking at the hourly & daily charts, y'day's sell off below 102.34 (the reaction low after last Fri's U.S. jobs report) to 101.79 confirms the early 3-legged upmove fm May's low at 100.81 has indeed formed a 3-1/2 month peak at 103.15 last Wed n as current price is trading below both 21-hr n 55-hr emas, suggesting choppy consolidation with downside bias remains for a stronger retracement of aforesaid erratic rise n below 101.70/72 (being 61.8% r of 100.81 -103.15 n chart sup respectively) wud bring further weakness to 101.50 (70.7% r) n possibly twds 101.26/32 (80.9% r n chart level), however, key daily chart sup area at 101.07/09 (Jul 10 n Jul 17 lows respectively) wud hold fm here.
. In view of abv analysis, selling dlr on recovery in anticipation of further weakness is favoured, however, profit shud be taken on next fall. On the upside, only a beach of 102.64 (y'day's high) wud confirm low is made, 102.93.
AceTraderFx Aug 8: Intra-Day Market Moving News & Views AUD/USD
Intra-Day Market Moving New and Views
08 Aug 2014 01:33GMT
AUD/USD- ... News on Reuters, the RBA releases its quarterly monetary policy report, qoute:
Australia c.bank repeats outlook likely to be period of stability for interest rates;
RBA sees economic growth little below average over 2014/15, above average thereafter;
RBA trims GDP forecast for end 2014 to 2.5 pct vs 2.75 pct, lowers forecast band for 2015;
Underlying inflation for end 2014 seen at 2.25 pct vs 2.5 pct, 2.25-3.25 pct for end 2015;
Removal of carbon tax to lower CPI by 0.75 ppt, underling inflation 0.25 ppt in 2014/15;
Jump in July unemployment might be partly due to survey changes, sample rotation;
Unemployment rate likely to remain elevated for some time, not decline until 2016;
Slack in labour market, improved productivity to keep domestic costs contained;
A$ high by historical standards, fall in terms of trade mean A$ could drop over time;
Falling mining investment, fiscal consolidation to drag on economic growth;
Growth supported by strong resource exports, low rates, upswing in home building;
Sees pick up in China aided by policy stimulus, expects Beijing to meet 7.5 pct 2014 target.
AceTraderFx Aug 8: Intra-Day Market Moving News & Views USD/JPY
Intra-Day Market Moving New and Views
08 Aug 2014 07:34GMT
USD/JPY - ... Statement from BoJ Governor Haruhiko Kuroda's comments at the press conference, quote :
don't see direct impact now from geopolitical risks on Japan's economy;
economy is unlikely to slow below potential growth of around 0.5 pct;
correction of excess yen strength has been very positive for Japan's economy;
no reason for yen to gain strength;
current fall in real wages due to effects of sales tax hike, should be temporary;
don't know if current account deficit will last indefinitely
exports, industrial output have shown weakness recently;
Japan econ continues moderate recovery despite decline in demand after sales tax hike;
Japan econ to continue moderate recovery, decline in demand after sales tax hike to fade;
effects of decline in demand after sales tax hike are gradually easing;
need to carefully monitor decline in real wages;
expect economy to remain in positive cycle due to consumer spending and corporate investment;
cyclical and temporary factors are behind recent weakness in exports
overseas economies continuing to grow mainly based around advanced economies
CPI likely to hit 2 pct around middle of forecast period between fiscal 2014-2016;
overseas economies continuing to grow mainly based around advanced economies;
CPI likely to hit 2 pct around middle of forecast period between fiscal 2014-2016;
private consumption to stay firm due to improvement in jobs, income conditions;
effects of decline in demand after sales tax hike are gradually easing;
virtuous cycle of economic activity continues to operate firmly;
QQE has been exerting its intended effects;
will continue with QQE as long as necessary to achieve 2 pct price target in a stable manner;
will examine both upside, downside risks to economy and make adjustments as appropriate;
CPI likely to hit 2 pct around middle of forecast period between fiscal 2014-2016;
monetary policy will not be influenced just by month-to-month moves in prices;
AceTraderFx Aug 11: Intra-Day Market Moving News & Views & data to be released today
Intra-Day Market Moving New and Views USD/JPY
11 Aug 2014 02:58GMT
The greenback eased after a 'gap up' open to 102.22 (Reuters) in NZ today as Fri's rally in the Nikkei futures in NY session prompted broad-based yen-selling. The Nikkei has risen sharply in Asia (currently up by 329 points at 15107), suggesting consolidation with upside bias remains in Asian trading. Bids are noted at 102.00-101.90 with mixture of bids n stops located 101.75/70 n around 101.60. On the upside, offers are reported at 102.40-50 n then 102.65/70 with stops emerging further out abv 102.90.
Although geopolitical events shud remain as the major driver of volatility for the day, investors shud pay attention to the BoJ monthly economic survey at 05:00GMT as it will be interesting to see how the BOJ sees growth in that consists of the GDP number (market expects Wed's Japan Q2 GDP to post a sharp fall of 7.1%), trading dlr fm both sides of the market is recommended.
Next week will see the release of Japan's economic survey, Swiss retails sales and Canada's housing start on Monday.
U.K. BRC retail sales, BOJ meeting minutes, Japan's domestic CGPI, Australia's house prices, NAB business conditions and business confidence, Japan's industrial output, eurozone ZEW economic sentiment, current conditions and economic sentiment, U.S. redbook and Federal Budgeton Tuesday.
Japan's GDP, Australia's Westpac consumer confidence, China's retail sales and industrial production, Germany's CPI and HICP, U.K. claimant count unemployment change and ILO unemployment rate, Swiss ZEW investor sentiment, eurozone industrial production, U.S. retail sales and business inventories on Wednesday.
New Zealand's business PMI and retail sales, U.K. RICS housing survey, Australia's westpac leading economic index, China's CB leading economic index, Germany's GDP, Swiss producer and import price, eurozone GDP and inflation, Canada's new house prices, U.S. import prices, exports prices and jobless claims on Thursday.
U.K. GDP, Canada's manufacturing sales, U.S. PPI, NY Fed manufacturing, overall net capital flows, foreign treasury buy, industrial and manufacturing output, capacity utilization and University of Michigan sentiment on Friday.
AceTraderFx Aug 11: Intra-Day Market Moving News & Views GBP/USD
Intra-Day Market Moving News and Views
11 Aug 2014 03:33GMT
GBP/USD- ... Sterling's spectacular ascent in the 1st half of the year had generated huge profit to those who jumped on the bandwagon, however, the sharp rise in the value of the pound has a negative impact to the U.K. trade balance.
Reuters reported on Fri sagging exports pushed Britain's trade deficit to a 5-month high in Jun, suggesting a more balanced economic recovery still looks a way off, although the construction industry recovered from a dip in May.
Exports of U.K. goods to countries outside the EU fell to their lowest level since Sep 2011, coinciding with the pound hitting a near six-year high against the dlr. Britain's total goods trade deficit grew to 9.4 bln pounds in Jun, its highest level since Jan, fm 9.2 bln pounds in May. The data dampened hopes that exports will soon make a greater contribution to U.K.'s consumption-led economic recovery, but separate construction data n a recruitment survey still pointed to strong domestic demand.
"The (trade) problem is largely out of the U.K.'s hands who pointed to weak growth in the euro zone - Britain's biggest export market, said Martin Beck, senior economic advisor to the EY ITEM Club. He added "This is likely to remain the case for the foreseeable future. Sterling rose further in July while the euro zone economy looks set for little or no growth in Q2."Britain's economy grew 0.8% in the 2nd quarter, according to an early estimate. . By contrast, The Bank of England will release updated economic forecasts on Wed - expects that pace of growth to slow slightly later this year.