Intraday trading signal - page 167
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AceTraderFx Jun 10: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
10 Jun 2015 07:23GMT
EUR/USD - 1.1338... Although euro moved in a volatile fashion in Asia and as well as in European morning, price eventually penetrated Tuesday's high of 1.1345 due to intra-day rise in Germany 10-year Bund yield and rose to 1.1357 before easing.
At present, bids from various accounts are building up at 1.1340-30 and then 1.1320-10 with mixture of bids and stops at 1.1300-1.1290.
On the upside, offers are tipped at 1.1370-80 with stops building up just above 1.1400.
AceTraderFx Jun 10: Daily Technical Outlook & Trading EUR/USD
DAILY EUR/USD TECHNICAL OUTLOOK
Last Update At 09 Jun 2015 23:59GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
1.1272
55 HR EMA
1.1243
Trend Hourly Chart
Near term up
Hourly Indicators
Neutral
13 HR RSI
59
14 HR DMI
+ve
Daily Analysis
Consolidation with upside bias
Resistance
1.1467 - May's high (15th)
1.1380 - Jun 4 high
1.1345 - Y'day's high
Support
1.1214 - Y'day's low
1.1180 - Last Fri's low in Aust. (now sup)
1.1115 - Hourly chart
. EUR/USD - 1.1295.. Trading euro on Tue was tricky as price swung wildly. Despite climbing to session high of 1.1345 near European open, broad-based selling in euro knocked price sharply lower to 1.1214, however, continued rise in German Bunds yields prompted a short-covering rebound to 1.1291 in NY afternoon.
. Looking at the daily picture, despite euro's strg retreat fm last week's high at 1.1380 to 1.1049 Fri, y'day's gain to 1.1345 suggests said pullback has possibly ended n despite a brief but strg retreat to 1.1214, subsequent rebound suggests consoildation with upside bias remains n as long as y'day's 1.1214 low holds, upside bias remains for another rise to 1.1345, abv wud encourage for a re-test 1.1380 res where a break there wud confirm correction fm May's 3-month peak at 1.1467 has ended earlier at 1.0819 (May's low), then further gain twd said key res at 1.1467 wud be seen later this month. On the downside, below 1.1214 wud risk weakness to 1.1178/80 where a break there wud suggest price wud continue to gyrate inside recent established broad range of 1.1467-1.0819.
. Today, intra-day firmness ahead of Asian open suggests upside bias remains for a re-test of 1.1345, then twd 1.1380, so buying on dips is favoured.
AceTraderFx Jun 11: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 11 Jun 2015 01:10 GMT
EUR/USD - 1.1300
Euro's rally above 1.1345 (Tuesday) and then last week's peak at 1.1380 to a fresh 3-week high of 1.1387 on Wednesday signals correction from May's peak at 1.1467 has ended earlier at 1.0819 and despite subsequent to 1.1260.
However intra-day rebound to 1.1353 in New York on hopes of a Greek deal suggests upside bias remains for a re-test of said high later this month.
On the downside, only below 1.1214 would indicate further choppy trading inside 1.1467-1.0819 broad range would continue and yield weakness towards 1.1178/80 and possibly towards 1.1049 before rebound occurs.
AceTraderFx Jun 11: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
11 Jun 2015 02:28GMT
USD/JPY - ....... Although dlr tumbled to a fresh 2-week trough at 122.47 on Wednesday after BoJ's governor Kuroda hinted recent yen decline was overdone, price briefly jumped to 123.35 in Europe following comments from Japan EconMin Amari before retreating to 125.54 in NY and then moved sideways for rest of the session.
Later, the pair edged higher ahead of Asian open and climbed back to 123.19 in Tokyo morning on renewed broad-based rebound in the greenback.
Today's main drivers for the greenback are the U.S. retail sales reports and weekly jobless claims at 12:30GMT, these will be the last batch of data ahead of the meeting of the Federal Reserve's Open Market Committee on June 17. U.S. retail sales in May is expected to increase 1.1% and 0.7% excluding autos, reflecting a modest improvement vs. the previous month's flat performance and 0.1% gain respectively.
Meanwhile, forecast on the number of Americans filing new claims for unemployment benefits is increase 1K to 277K.
Until then, dlr is expected to chop around 123.00 level.
At present, bids are reported at 122.80-70 and more around 122.50 with mixture of bids and stops at 122.30-20.
On the upside, offers are tipped at 123.30-40 and then 123.60-70 with stops building above 123.80.
Thursday will see the release of New Zealand's RBNZ interest rate decision and press conference, U.K. RICS housing survey, Japan's business survey index, Australia's employment change and unemployment rate, China's industrial output and retail sales, U.S. retail sales, initial jobless claims, export prices, import prices and business inventories, Canada's new housing price index and capacity utilization.
AceTraderFx Jun 11: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 11 Jun 2015 07:58 GMT
USD/JPY - 123.50
Dollar's rebound after holding above Wednesday's fresh 2-week trough at 124.47 and then breach of 123.35 (reaction high from 124.47) signals decline from last Friday's fresh near 13-year peak at 125.86 has made a temporary low there and stronger retracement towards 123.86 (previous support) may be seen, however, reckon 124.10/20 would cap upside and bring another sell off later.
Below 124.47 would indicate aforesaid fall to retrace long-term uptrend has resumed and yield further weakness to 122.03 (March top) and then 121.20/30 next week.
AceTraderFx Jun 11 Daily Technical Outlook & Trading GBP/USD
DAILY GBP/USD TECHNICAL OUTLOOK
Last Update At 11 Jun 2015 00:22GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
1.5485
55 HR EMA
1.5422
Trend Hourly Chart
Up
Hourly Indicators
Easing fm o/bot
13 HR RSI
57
14 HR DMI
+ve
Daily Analysis
Consolidation b4 marginal rise
Resistance
1.5645 - May 21 sup, now res
1.5569 - 61.8% r of 1.5815-1.5170
1.5554 - Y'day's high
Support
1.5481 - Y'day's hourly sup
1.5441 - Last Thur's high
1.5370 - Y'day's low
. GBP/USD - 1.5497 .. The British pound was the star performance vs its European peers y'day. Cable found renewed buying 1.5370 n then ratcheted higher due to active cross buying in sterling (eur/gbp tumbled fm 0.7365 to 0.7266). Price rallied to as high as 1.5554 in NY b4 retreating briefly to 1.5481.
. Let's look at the bigger picture 1st, cable's selloff fm May's 1.5815 peak to 1.5170 last Mon confirms early strong upmove fm Apr's near 5-year trough
at 1.4566 has made a top there, however, subsequent rally abv 1.5441 res (last Thur's high, now sup) to 1.5554 signals an upside break of 1.5170-1.5441 broad range has occured n suggests aforesaid fall has ended at 1.5170, further headway to 1.5569 (being 61.8% r of decline fm 1.5815-1.5170) n then 1.5629 (1.618 times extension of 1.5170-1.5441 measured fm 1.5191) wud be seen. On the downside, only a daily close below 1.5441 (last Thur's high, now sup) wud signal the said upmove fm 1.5170 has formed a temporary top n risk wud shift to downside for a pullback to 1.5370 (y'day's low).
. Today, as current price is trading well abv the 21-hr & 55-hr emas, suggesting buying cable on dips is favoured n only below 1.5441 risks 1.5400.
AceTraderFx Jun 12: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 12 Jun 201501:17 GMT
EUR/USD - 1.1255
Euro's retreat from Wednesday's high of 1.1387 to 1.1181 yesterday following the release of upbeat U.S. retail sales reports signals recent upmove from May's bottom at 1.0819.
This has made a temporary top there and as long as 1.1332 (yesterday's high) holds, choppy trading with downside bias remains.
However below 1.1178/81 would bring another corrective decline towards 1.1136 later.
On the upside, only a move back above 1.1132 would indicate pullback over and bring re-test of 1.1387 but firm break needed to encourage for gain towards May's 3-month peak at 1.1467.
AceTraderFx Jun 12: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
12 Jun 2015 02:09GMT
USD/JPY - ...... Despite a brief jump to 124.19 in NY morning on Thursday following the release of 'anticipated' upbeat U.S. sales reports, profit-taking quickly emerged and slammed the pair sharply but briefly to a low of 123.26. Dlr later recovered to 123.74 but moved lower to 123.33 near NY close as demand for the greenback was weighed by a slide in U.S. 10-year yields (which ended a slide to 2.38%).
Fund flow should dominate the market ahead of the the release of U.S. PPI data and Uni. of Michigan consumer sentiment in NY morning (12:30GMT and 14:00GMT respectively).
Until then, dlr would remain range bound.
Offers are tipped at 123.70/80 n more above with stops reported above 124.20.
Initial bids are noted at 123.40-25 area with stops below there.
U.S. PPI is forecast to return into the positive territory in May. Market expects the PPI and PPI ex. food n energy to show a monthly gain of 0.4% n 0.1% respectively compare to -0.4% n -0.2% in preceding month.
Meanwhile, the preliminary reading for Reuters/Michigan consumer sentiment index in Junly is expected to rise from 90.7 to 91.5.
Friday will see the release of New Zealand's manufacturing PMI and food price index, Japan's capacity utilization and industrial production, Germany's WPI, eurozone industrial production, U.S. PPI index and University of Michigan consumer sentiment index.
AceTraderFx Jun 12: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
12 Jun 2015 07:32GMT
EUR/USD - ...... Although euro came under renewed selling pressure after a brief rise to 1.1264 in Asia and then fell to 1.1216 at European open, investors were reluctant to pressure price lower in subdued European morning trading and euro later staged a bounce to 1.1247.
Investors are now awaiting the release of euro zone's industrial production data at 09:00GMT.
Until then, choppy trading with a soft bias is envisaged. At present, offers are touted at 1.1270-80 and then 1.1295/00 with mixture of offers and stops at 1.1310-20, whilst bids are tipped in 1.1200-1.1180 region.
AceTraderFx Jun 12: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 12 Jun 2015 08:14 GMT
USD/JPY - 123.80
Despite dollar's sharp retreat on long-liquation after a brief rally to 124.19 in New York on Thursday following the release of 'anticipated' upbeat U.S. retail sales data, as 123.26 has contained such pullback, further choppy trading above Wednesday's 2-week trough at 122.47 would be seen and with upside bias remains.
However, only a daily close above 124.57/62 would indicate correction from last Friday's fresh near 13-year peak at 125.86 has ended and bring gain towards 125.00 early next week.
On the downside, below 123.26 would prolong consolidation but 122.47 low should remain intact.