Intraday trading signal - page 216
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AceTraderFx Dec 10: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 10 Dec 201508:13 GMT
USD/JPY - 121.70
The greenback's selloff below last week's low at 122.30 to as low as 121.07 yesterday on dollar's broad-based weakness post the release of downbeat U.S. wholesale inventories data signals the decline from November's 12-week peak at 123.77 has resumed and consolidation with downside bias remains for weakness towards 120.80/90.
However, loss of momentum should keep price above 120.57 this week and yield rebound later.
On the upside, only above 122.30 (previous support, now resistance) would indicate aforesaid correction has ended instead and turn outlook bullish for stronger gain to 122.72.
AceTraderFx Dec 11: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
11 Dec 2015 01:32GMT
USD/JPY - ........ Despite yesterday's initial rise to 121.87 in European morning, the greenback dropped to 121.24 ahead of New York open on broad-based buying of yen.
However, price pared its losses and recovered to 121.66 near New York closing. Dlr continued to ratchet higher and rose at Tokyo open and hit 122.10 in Tokyo morning, helped by the 200 points rally in Nikkei-225 index.
Pay attention to the release of retail sales at 13:30GMT and U. of Michigan consumer sentiment at 15:00GMT.
Street forecasts are 0.3% and 91.0 vs previous readings of 0.1% and 91.3 respectively.
Offers are now raised to 122.10/20 n more above at 122.30/40 with stops building up above there whilst initial bids are noted at 121.50/60, suggesting choppy trading would be seen.
Data to be released on Friday:
New Zealand mfg PMI, China, urban investment, industrial output, retail sales, Germany CPI, HICP, France current account, Italy, industrial output, U.S. retail sales, PPI, University of Michigan sentiment preliminary and business inventories.
AceTraderFx Dec 11: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
11 Dec 2015 02:00GMT
EUR/USD - ...... The single currency remained under pressure in Asia and continued to ratchet lower in Europe to 1.0934. Despite a brief rebound to 1.0973 at New York open, renewed selling pressured the pair lower n price fell to session low at 1.0925 in New York morning and continues to trade with downside bias in Asian morning today.
Pay attention to the release of final figures of Germany CPI mm and yy at 07:00GMT. Street forecasts are for the figures to remain unchanged at 0.1% n 0.4% respectively.
Offers are now seen at 1.0950/60 and more above at 1.0970/80 with stops building up above there whilst initial bids are noted at 1.0890/00, suggesting near term downside bias remains.
However, position traders should look to buy on intra-day dips.
AceTraderFx Dec 11: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:11 Dec 2015 02:05 GMT
EUR/USD - 1.0929
The single currency's rise above previous high at 1.0981 to 1.1043 yesterday on dollar's broad-based weakness signals upmove from last Thursday's fresh 7-1/2 month trough at 1.0523 has resumed and consolidation with upside bias would be seen for gain towards 1.1070/80, however, loss of momentum would prevent strong gain above there and reckon resistance at 1.1119 would remain intact and yield retreat.
On the downside, a daily close below support area at 1.0770/80 would suggest 1st leg of correction is over, then risk of a stronger retracement towards 1.0752 (50% r) can't be ruled out before prospect of another rise next week.
AceTraderFx Dec 11: Intra-day Market Moving News and Views
Intra-day Market Moving News and Views
11 Dec 2015 03:08GMT
GBP/USD - ....... Although the British pound traded sideways in Asia yesterday and briefly edged up to session high at 1.5202 ahead of BoE's rate announcement, price fell sharply to session low at 1.5111 ahead of New York open as BoE kept its rate on hold and presented a more dovish outlook.
Later, cable staged a recovery to 1.5188 in New York morning, however, renewed selling there pressured the pair lower and price dropped to 1.5150 near New York closing, then 1.5139 in Asian morning.
Since there is no eco. data due today, price is likely to track euro's intra-day movements. Having said that, one should keep a keen eye on eur/gbp cross as well.
Offers are now seen at 1.5160/70 and more above at 1.5180/90 with stops building up above there whilst initial bids are noted at 1.5110/20, suggesting selling on intra-day recovery is the favored strategy.
AceTraderFx Dec 11: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 11 Dec 2015 08:10 GMT
USD/JPY - 121.82
The greenback's selloff below last week's low at 122.30 to as low as 121.07 on Wednesday on dollar's broad-based weakness post the release of downbeat U.S. wholesale inventories data signals the decline from November's 12-week peak at 123.77 has resumed and consolidation with downside bias remains for weakness towards 120.80/90, however, loss of momentum should keep price above 120.57 this week and yield rebound later.
On the upside, only above 122.30 (previous support, now resistance) would indicate aforesaid correction has ended instead and turn outlook bullish for stronger gain to 122.72.
AceTraderFx Dec 14: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
14 Dec 2015 01:20GMT
USD/JPY- ....... The greenback staged a short-covering rebound from Friday's low at 120.58 and opened higher to 121.18 in NZ today. However, renewed selling there pressured the pair lower and dlr retreated to 120.64 ahead of Tokyo open before stabilising in Tokyo morning.
As there is no major eco. data due today, market focus is now on the release Fed's rate decision on Wednesday.
Offers are now seen at 121.10/20 and more above at 121.30/40 with stops building up above there whilst initial bids are noted at 120.30/40, suggesting selling on recovery is the favored strategy.
Data to be released:
Japan large manufacturing outlook, non-manufacturing outlook, large manufacturing index, non-manufacturing index, large all industry Capex, tertiary industry index, industrial production, capacity utilization,
Italy consumer price index, U.K. house price index and Eurozone industrial production on Monday.
Australia home price index, Swiss producer and import prices, U.K. PPI input prices, RPI, RPIX, PPI core output, CPI, PPI output prices, house price, Eurozone economic sentiment, employment, Germany, current conditions, economic sentiment, leading economic index, Canada manufacturing sales, U.S. NY empire state manufacturing index, core CPI, CPI, Redbook, housing market index, net L-T flows, overall net capital flows and foreign buying on Tuesday.
New Zealand current account, inflation expectations, Australia leading indicator, France manufacturing flash PMI, service flash PMI, Germany manufacturing flash PMI, service flash PMI, Eurozone manufacturing flash PMI, service flash PMI, trade balance, inflation, U.K. average earnings, average week earning, claimant count unemployment change, unemployment rate, Swiss investor sentiment, U.S. mortgage applications, build permits, housing starts, industrial output, capacity utilization, manufacturing PMI, Fed fund target rate and overall net capital flows on Wednesday.
New Zealand GDP, Japan adjusted merchandise trade balance, merchandise trade balance total, exports, import, foreign investment in japan stocks, foreign bond investment, France business climate, Germany IFO current assessment, IFO expectations, IFO business climate, Italy global trade balance, trade balance EU, U.K. retail sales, retail sales ex-fuel, CBI industrial trends survey, Eurozone construction output, U.S. current account, initial jobless claims, continuing jobless claims, Philadelphia Fed manufacturing survey, CB leading indicator and EIA natural gas storage change on Thursday.
New Zealand ANZ activity outlook, China MNI business sentiment indicator, Japan BoJ interest rate decision, France producer prices, Italy wage inflation and Eurozone current account on Friday.
AceTraderFx Dec 14: Intra-day Market Moving News and Views
Intra-day Market Moving News and Views
14 Dec 2015 03:00GMT
GBP/USD - ...... Despite last Fri's rally to 1.5230 in New York morning, then higher to intra-day high at 1.5240 in New York afternoon, the British pound pared its gains and fell sharply in Australia today and hit a low at 1.5180 ahead of Asian open today and continues to remain under pressure in Asian morning.
Since there is no major eco. data due today, price is likely to track euro's intra-day movements. Having said that, one should keep a keen eye on the eur/gbp cross.
Bids are lowered to 1.5160/70 and some more below at 1.5140/50 with stops building up above there whilst offers are noted at 1.5230/40, suggesting choppy trading would be seen ahead of European open.
AceTraderFx Dec 14: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 14 Dec 2015 08:14 GMT
USD/JPY - 121.25
The greenback's selloff below last Wednesday's low at 121.07 to as low as 120.58 on Friday on dollar's broad-based weakness, due partly to the selloff in global equities signals the decline from November's 12-week peak at 123.77 has resumed and consolidation with downside bias remains for weakness towards 120.20/30.
However, loss of momentum should keep price above 120.02 this week and yield rebound later.
On the upside, only above 121.87 would indicate aforesaid correction has ended instead and turn outlook bullish for stronger gain to 122.30 (previous support, now resistance).
AceTraderFx Dec 15: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
15 Dec 2015 01:27GMT
USD/JPY - ........ Despite yesterday's sharp selloff from European open high at 121.34 to as low as 120.35 at New York midday on broad-based dlr weakness, the greenback pared its losses and staged a strong rebound to 121.08 in Australia, then 121.18 in Tokyo morning and continues to trade with a firm bias.
U.S. will release its CPI mm and yy data at 13:30GMT. Street forecasts are 0.0% n 0.4% vs previous readings of 0.2% and -1.5% respectively.
Elsewhere, the FOMC begins its 2-day meeting today and market is eagerly awaiting the rate decision on Wednesday.
Bids are now seen at 120.80/90 and more below at 120.60/70 with stops building up below there whilst initial offers are noted at 121.50/60, suggesting mild upside bias remains.
Hence, buying on intra-day dips is the favored strategy.
Data to be released on Tuesday:
Australia home price index, Swiss producer and import prices, U.K. PPI input prices, RPI, RPIX, PPI core output, CPI, PPI output prices, house price, Eurozone economic sentiment, employment, Germany, current conditions, economic sentiment, leading economic index, Canada manufacturing sales, U.S. NY empire state manufacturing index, core CPI, CPI, Redbook, housing market index, net L-T flows, overall net capital flows and foreign buying.