Intraday trading signal - page 213
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AceTraderFx Dec 1: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
01 Dec 2015 03:12GMT
USD/JPY - ..... Dlr finally pares intra-day losses ahead of Tokyo lunch session after tanking from 123.28 to 122.64 despite yesterday's cross-inspired rally from 122.69 (Asia) to as high as 123.34 in NY. Traders citing broad-based long usd liquidation as the main reason for the intra-day steep fall.
As dlr has remained under pressure despite intra-day gains in the Nikkei, suggesting near term upmove from last week's low at 122.26 has made a top yesterday at 123.34 and choppy sideways swings are likely to continue and if the greenback continues to weaken versus its major peers, then the pair may ratchet lower in European trading.
Offers are noted at and 122.90/00 and more above with stops reported above 123.35.
Some bids are touted at 122.60-50 and more below with fairly large stops building below 122.20.
Data to be released on Tuesday:
New Zealand terms of trade, Australia manufacturing index, building approvals, private house approvals, current account, net export, Japan business Capex, mfg PMI, China manufacturing PMI, non-manufacturing PMI, Swiss GDP, retail sales, manufacturing PMI, Italy manufacturing PMI, unemployment rate, GDP, France manufacturing PMI, Germany manufacturing PMI, unemployment rate, EU unemployment rate, manufacturing PMI, U.K. manufacturing PMI, Canada GDP, manufacturing PMI, U.S. Redbook, ISM-manufacturing PMI, construction spending, services revenues and service sector outlook
AceTraderFx Dec 1: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 01 Dec 2015 01:17 GMT
EUR/USD - 1.0568
Yesterday's marginal weakness below last Wednesday's 7-month trough of 1.0565 to 1.0558 in New York suggests euro's medium-term downtrend would resume after consolidation and reckon 1.0595/05 res area would hold and yield one more fall.
However, near term loss of momentum should keep price above daily sup at 1.0521 today and bring a long-overdue correction later.
On the upside, a daily close above 1.0605 would be the 1st signal temporary low is in place, then euro would move higher to 1.0638/42 but last week's high at 1.0689 (Wed) should cap upside.
AceTraderFx Dec 1: Intra-Day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
01 Dec 2015 07:23GMT
GBP/USD - ..... Reuters just reported BoE Financial Policy Committee's report. The Bank of England set out plans on Tuesday to require banks to hold as much as 10 billion pounds extra capital as the credit cycle moves into a more normal phase, but stopped short of immediate action.
The central bank said credit conditions in Britain had largely recovered from the financial crisis as banks began to lend more freely, and warned that asset prices were vulnerable to a big rise in interest rates and emerging market risks.
The BoE also said it expected the banking sector as a whole to hold high-grade tier one equity capital of 13.5 percent of risk-weighted assets by 2019, up from 13 percent now -- part of which would overlap with the capital required for the CCB.
It also wanted to give banks more clarity about its long-run aims for the amount of capital they hold, now that credit conditions had largely got back to normal.
Alongside its half-yearly Financial Stability Report, the BoE also released the results of annual 'stress tests' into how lenders would deal with unexpected economic shocks.
This year the focus was on emerging market and trading risks, and Royal Bank of Scotland and Standard Chartered both only passed thanks to steps they took to improve their capital ratios mid-way through the testing process.
The other five big lenders tested -- HSBC, Barclays, Lloyds Banking Group, Santander and Nationwide -- did not have to take action.
Asset managers will face tests next year of how they would deal with investors pulling out their money en masse.
AceTraderFx Dec 1: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time:01 Dec 2015 08:22 GMT
USD/JPY - 122.87
Despite yesterday's cross-inspired break of 122.94 res to 123.34 in New York, intra-day sharp retreat to 122.64 due to broad-based long liquidation is the usd in Asian morning suggests further 'choppy' trading below Nov's 12-week peak at 123.77 would continue with near term downside bias, only below 122.21/26 sup would bring stronger retracement of early upmove to 122.00/01.
On the upside, above 123.34 is needed to revive previous bullish scenario on dollar for subsequent re-test of 123.77.
AceTraderFx Dec 2: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
02 Dec 2015 02:13GMT
USD/JPY - ...... Dlr moves narrowly in subdued Asian trading on Wednesday following yesterday's intra-day wild swings.
Although the pair fell from 123.28 to 122.64 due to broad-based long liquidation in the greenback is Asian morning, active cross-selling in yen sent price higher to 122.99.
Dlr later pared intra-day loss n climbed back to 123.20 at New York open but downbeat U.S. ISM mfg PMI (U.S. manufacturing contracted in Nov for the first time in 3 years) quickly knocked the pair lower, dlr later tumbled to 122.76 before staging a recovery near New York close.
Although early dovish comments by BoJ's Iwata suggests sideways trading above 122.76 would continue, offers are noted at 123.10/20 and more above should prevent strong gain and price may rachet lower later in the day.
Bids are reported at 122.80-60 area with stops below there.
However, a mixture of buying interest and stops is reported at 122.25-20.
Data to be released on Wednesday:
Australia GDP, U.K. construction PMI, EU inflation, producer prices, Canada rate decision, U.S. ADP national employment, labour cost, productivity, ISM-New York Index, Beige book.
AceTraderFx Dec 2: Intra-Day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
02 Dec 2015 02:30GMT
GBP/USD - ...... Cable moves narrowly in subdued Asian trading on Wednes after yesterday's intra-day wild swings. Although the pound ratcheted higher at Asian open on Tue and rose to 1.5099 after tripping stops above 1.5070.
Price then climbed to session high of 1.5126 but lower-than-expected U.K. mfg PMI triggered broad-based long liquidation in sterling, cable later tumbled to 1.5051 ahead of European close before staging a recovery to 1.5087.
Looks like sideways move would continue until release of UK construction PMI, however, market focus is on Thursday's UK services PMI as the service sector contributes to around 78% of UK's GDP.
Offers are noted at 1.5085/95 and more above 1.5125/35 with stops touted above there.
Some bids are reported at 1.5055-50 with stops below there, however, more buying interest is reported at 1.5010-00.
AceTraderFx Dec 2: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 02 Dec 2015 01:25 GMT
EUR/USD - 1.0621
Euro finally gained respite yesterday and staged an erratic rise to 1.0637 in New York morning as soft U.S. data triggered broad-based long liquidation in the greenback which had begun in Asia.
Although euro's aforesaid rebound to 1.0637 confirms recent downtrend has made a temporary low at Monday's 7-1/2 month bottom at 1.0558 and choppy trading above there is expected ahead of Thursday's ECB monetary policy meeting, near term overbought condition should cap price well below res at 1.0689 and yield subsequent retreat.
Intra-day, as long as 1.0575/85 sup holds, upside bias remains for marginal gain and only below said sup would risk weakness towards 1.0558.
AceTraderFx Dec 2: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 02 Dec 2015 08:38 GMT
USD/JPY - 123.11
Yesterday's intra-day decline from 123.28 to 122.64 in Asia and then subsequent choppy swings in New York session suggests further volatile trading below Mon's high at 123.34 would continue.
Below 122.64 would bring stronger retracement to 122.45/50 but previous sup at 122.21/26 is expected to hold and bring another rebound.
A firm break of 123.34 would encourage for re-test of November's 12-week peak at 123.77.
However, loss of momentum should cap dollar below 124.00/10 and risk has increased for a correction to occur later.
AceTraderFx Dec 2: Intra-Day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views
02 Dec 2015 09:42GMT
GBP/USD - ...... The British pound came under renewed selling pressure versus the greenback after a brief bounce to 1.5081 in European morning n tanked to 1.5057, then lower to a fresh session low of 1.5036 after data showed U.K. construction sector activity expanded at the slowest pace in seven months in November.
Market research firm Markit and the Chartered Institute of Purchasing n Supply said in a report that their U.K. construction PMI declined to a seasonally adjusted 55.3 last month from a reading of 58.8 in October. Market had expected the index to fall to 58.2 in November.
At present, offers are noted at 1.5060-70 n then 1.5090-00 with mixture of offers n stops at 1.5100-10. On the downside, bids are reported at 1.5030-20 n more around 1.5000 with stop just below 1.4990.
AceTraderFx Dec 3: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
03 Dec 2015 02:36GMT
USD/JPY- ...... Dlr moves narrowly in subdued Asian trading after yesterday's volatile price swings.
Despite intra-day cross-inspired rise which started in Asia to 123.20 in Europe n then break of this level following upbeat U.S. ADP employment report and subsequent rally to session highs of 123.68 after Fed Chair Yellen's hawkish comments, broad-based long liquidation sent the pair sharply lower back down to 123.10 before stabilising.
Although sideways trading is in store, as yesterday's sharp retreat from 123.68 signals further choppy consolidation below November's 12-week peak would continue, at least until Friday's key U.S. jobs data, selling dlr on recovery is favoured. Offers are noted at 123.35/45 and more above with stops reported above 123.80.
Initial bids are noted at 123.10-00 with stops below there. However, more buying interest is touted at 122.70-60.
Pay attention to more U.S. data at 15:00GMT n then another public speech by Fed Chair where she testifies before Congressional Joint Economic Committee at 15:00GMT.
Data to be released on Thursday:
Australia service index, exports, imports, trade balance, China service PMI, France unemployment rate and service PMI, Italy service PMI, Germany service PMI, U.K. service PMI, euro zone's service PMI, retail sales, ECB rate decision, ECB press conference, U.S. initial jobless claims, mfg PMI, durable goods orders, and factory orders.