Intraday trading signal - page 209
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AceTraderFx Nov 16: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
16 Nov 2015 02:05GMT
EUR/USD - ........ Despite rebounding from Friday's low at 1.0714 to 1.0775 at New York closing, the single currency opened lower in New Zealand n dropped sharply to intra-day low at 1.0687 ahead of Asian open on broad-based risk aversion due to the Friday's Paris attacks.
However, euro gained some respite and staged a short-covering rebound to 1.0727 in Asian morning before retreating again.
Pay attention to the release of EU inflation mm and yy at 10:00GMT. Street forecasts are 0.1% and 0.0% vs previous readings of 0.2% and 0.0% respectively.
Offers are seen at 1.0740/50 and more above at 1.0760/70 with stops building up above there whilst initial bids are noted at 1.0670/80, suggesting selling on pullback is the favored strategy.
AceTraderFx Nov16: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 16 Nov 2015 01:06 GMT
EUR/USD - 1.0718
Despite last week's rebound from Tuesday's low at 1.0674 to 1.0831 on Thursday, subsequent retreat and intra-day gap-down open on broad-based risk aversion strongly suggests the correction has ended and consolidation with downside bias remains for erratic decline from 1.1715 to resume and yield re-test of aforesaid low, break would extend towards 1.0650/60 before prospect of a recovery due to loss of momentum.
On the upside, only above 1.0831 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0894/98.
AceTraderFx Nov 16: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 16 Nov 201508:00 GMT
USD/JPY - 122.65
Although intra-day breach of Friday's support at 122.74 to 122.24 signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise 'later'.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
AceTraderFx Nov 17: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
17 Nov 2015 01:16GMT
USD/JPY - ...... Despite the initial gap-down open and retreat to session low at 122.21, the greenback rose to 123.14 at New York open, then higher to 123.28 in late New York afternoon before easing. Dlr found renewed buying at 123.16 and gained to 123.34 ahead of Tokyo open on increased speculation that BoJ would announce new easing measures after data yesterday showed Japan slipped back into recession.
U.S. is set to release a slew of eco. data but traders shud pay particular attention to CPI mm and yy at 13:30GMT. Street forecasts are 0.2% and 0.1% vs previous readings of -0.2% and 0.0% respectively. As long as there is no surprise to the downside, speculation of a December rate hike will remain.
Bids are now seen at 123.00/10 and more below at 122.70/80 with stops building up below there whilst initial offers are noted at 123.60/70, suggesting upside bias remains and one should look to buy on intra-day dips.
Data to be released on Tuesday:
Australia RBA meeting minutes, New Zealand inflation expectation, Italy trade balance, U.K. CPI, PPI, RPI, DCLG house price, Germany ZEW reports, euro zone ZEW economic sentiment, U.S. CPI, Redbook, weekly real earnings, capacity utilization, industrial output and NAHB housing market index, net L-T Flows, net capital flows.
AceTraderFx Nov 17: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
17 Nov 2015 01:38GMT
EUR/USD - ....... The single currency found renewed selling at 1.0758 at European open yesterday and continued to ratchet lower throughout New York session and hit an intra-day low at 1.0674 in late New York afternoon on euro's broad-based weakness before stabilising.
The pair met renewed pressure at Asian open and dropped below yesterday's low to 1.0661 in Asian morning and continues to remain under pressure.
Pay attention to the release of Germany ZEW current conditions n economic sentiment at 10:00GMT. Street forecasts are 55.5 and 6.0 vs previous readings of 55.2 and 1.9 respectively.
Offers are now lowered to 1.0690/00 and more above at 1.0710/20 with stops building up above there whilst initial bids are noted at 1.0610/20, suggesting selling on recovery for a resumption of recent decline is still favored.
AceTraderFx Nov 17: Intra-Day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
17 Nov 2015 02:18GMT
GBP/USD - ....... The British pound was dragged lower from European high at 1.5228 to session low at 1.5182 in European morning by the selloff in euro.
Later, cable pared its losses and rebounded to 1.5219 in New York afternoon, however, renewed selling there sent the pair lower to 1.5197, then to 1.5186 in Asian morning today.
UK will release a batch of inflation related data at 09:30GMT. Most of the figures are expected to come in unchanged from their previous readings so traders should pay more attention to the inflation report hearing at 09:00GMT and in particular to comments from BoE officials that would provide guidance on the route the central bank would take for its rate decisions.
Offers are now seen at 1.5210/20 and more above at 1.5230/40 with stops building up above there whilst initial bids are noted at 1.5120/30, suggesting selling on recovery for further intra-day weakness is favored.
AceTraderFx Nov 17: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 17 Nov 2015 01:35 GMT
EUR/USD - 1.0682
Despite last week's rebound from Tuesday's low at 1.0674 to 1.0831 on Thursday, subsequent retreat and Monday's intra-day gap-down open on broad-based risk aversion strongly suggests the correction has ended and consolidation with downside bias remains for erratic decline from 1.1715 to resume and yield re-test of aforesaid low, break would extend towards 1.0650/60 before prospect of a recovery due to loss of momentum.
On the upside, only above 1.0831 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0894/98.
AceTraderFx Nov 17: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 17 Nov 2015 08:30 GMT
USD/JPY - 123.26
Although intra-day breach of Friday's support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise 'later'.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
AceTraderFx Nov 18: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
18 Nov 2015 01:18GMT
USD/JPY - ....... Despite a brief retreat from Asian high at 123.43 to 123.18 in early European morning, the greenback found renewed buying and rose marginally higher to intra-day high at 123.49 in New York before retreating again to 123.26 in New York afternoon.
However, dlr pared its losses and rebounded to 123.47 ahead of Tokyo open n continues to trade with a firm bias in Tokyo morning.
Although U.S. will release some housing related data today, market focus is on the release of FOMC minutes later today at 18:00GMT. Traders will look for hints in the statement about a possible December rate hike and the factors that would influence the Fed in making such a decision.
Bids are now seen at 123.20/30 and more below at 123.00/10 with stops building up below there whilst initial offers are noted at 123.80/90, suggesting upside bias would be seen and buying on dips is the favored strategy.
Data to be released on Wednesday:
Australia wage price index, CB leading indicator, Westpac leading index, China house prices, Swiss ZEW investor sentiment, Canada housing starts, U.S. building permit, housing start, and FOMC minutes.
AceTraderFx Nov 18: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
18 Nov 2015 02:05GMT
EUR/USD - .......The single currency met renewed selling at 1.0679 in European morning yesterday and dropped to a fresh 6-1/2 month trough at 1.0631 in New York afternoon on cross-selling of euro vs sterling before stabilising. Euro fell again in late New York afternoon and edged lower to 1.0635 in Asian morning and continues to remain under pressure.
Since there is no major eco. data due today, price is likely to trade with a downside bias with offers noted at 1.0660/70 and some more above at 1.0690/00 with stops building up above there, suggesting selling on pullback for a resumption of recent downtrend is still favored.
In other news, Reuters reported, International creditors are expected to disburse locked aid to Greece and its banks shortly after the Greek parliament ratified reforms agreed with its lenders.
Head of the euro zone finance ministers Jeroen Dijsselbloem said that the talks between Greek authorities and the institutions substantive agreement has been reached on all outstanding issues.
Earlier in the year, Athens signed up to a new aid program worth up to 86 bln euros, but payment of part of an initial tranche had been held up over disagreement on regulations on home foreclosures and handling tax arrears.