Intraday trading signal - page 223
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AceTraderFx Jan 13: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
13 Jan 2016 02:00GMT
USD/JPY-....... Dlr moved in a volatile fashion in directionless Tuesday's session. Although price re-tested Monday's 118.03 in Asia, selloff in the Nikkei sent price lower to 117.23 before rising to 118.08 in New York morning but later fell to 117.38.
Having said that, recovery in the Dow pushed price higher in late New York and price climbed back to above 118.00 level in Tokyo morning on Wednesday.
Today's focus in Asia will be on the release of China's trade data at 02:00GMT. Market expects the trade surplus in December to narrow slightly to 53.0B compare to 54.1B in preceding month.
Later in New York session, investors soulud pay attention to the speeches from Fed's Rosengren n Fed's Evans, then the release of Fed's Beige Book.
At the moment, bids are reported at 117.90-80 and more at 117.60-50 with stops below there, whilst offers are noted at 118.20-30 and then 118.40-50 with stops above there.
Data to be released on Wednesday:
China exports, imports, trade balance, France CPI, inflation ex-tobacco, Eurozone industrial production, U.S. mortgage applications and budget.
AceTraderFx Jan 13: Intra-day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
13 Jan 2016 02:12GMT
EUR/USD -..... Although euro staged a rebound to 1.0878 near New York close after retreating from yesterday's high of 1.0900 (Europe) to 1.0819, price came under renewed selling pressure due to renewed broad-based buying in the greenback and ratcheted lower to 1.0820 in Asia.
Today, investors should pay attention to the release of France's inflation data and euro zone's industrial production reports in European session.
Market expects the euro zone's industrial production to post a monthly drop of 0.3% n a yearly gain of 1.3% in November vs previous readings of +0.6% n +1.9% respectively. Therefore, euro/usd pair is likely to remain under pressure ahead of the data and a test of 1.0800 level is likely.
At the moment, offers are reported at 1.0830-40, 1.0850/55 and more around 1.0870 with stops above 1.0880.
On the downside, bids are noted at 1.0805/00 and then 1.0790-80 with stops below there.
AceTraderFx Jan 13: Daily Recommendations on Major -EUR/USD
Update Time: 13 Jan 2016 02:09 GMT
EUR/USD - 1.0834
Euro's erratic rise from last Tuesday's low of 1.0711 to 1.0970 on Monday signals fall from December's peak at 1.1060 has ended and despite subsequent retreat to 1.0820 in yesterday's New York session.
As long as support at 1.0803 holds, choppy trading with upside bias remains but a daily close above 1.0970 needed to encourage for a re-test of 1.1060 later.
On the downside, below 1.0803 would prolong choppy sideways trading but support at 1.0711 should remain intact.
AceTraderFx Jan 13: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 13 Jan 2016 08:18 GMT
USD/JPY - 118.33
Although dollar's intra-day breach of yesterday's high of 118.08 (New York) confirms recent decline has indeed made a temporary low at Monday's fresh 4-1/2 month trough at 116.69, near term loss of momentum should cap price below chart resistance at 118.85 (last Friday's high) and broad outlook remains bearish for another selloff later.
On the downside, below 117.62 would be the first signal a top is made and yield subsequent weakness towards 117.19/23 support area.
IAceTraderFx Jan 13: Intra-day Market Moving News and Views GBP/USD
ntra-Day Market Moving News and Views
13 Jan 2016 10:02GMT
GBP/USD - ..... Cable finally gains in European morning after falling for many consecutive days on market jitter over possible 'Brexit'. Reuters just reported British voters may opt to leave the European Union if Prime Minister David Cameron holds a referendum on membership as early as June, Scottish nationalist leader Nicola Sturgeon has said, The Scotsman newspaper reported on Wednesday.
Cameron is pushing for a deal on new membership terms from other EU leaders before a referendum which he could call this summer, though opinion polls have shown that opposition to the European Union is growing in Britain.
Sturgeon was quoted by The Scotsman newspaper as saying that if the referendum was called in June there might be too little time to convince voters in the rest of Britain that EU membership was the right choice.
Sturgeon, leader of the Scottish National Party and of Scotland's devolved government, said she was confident Scotland would vote to stay in the EU, but was now less sure about what the rest of the United Kingdom would decide, the paper reported.
Scotland has 5 million people, compared with England which has 53 million and represents about 84 percent of the population of the United Kingdom.
Scots voted 55-45 percent against independence in a referendum in 2014, but Sturgeon's party then won 56 of the 59 seats representing Scotland in the national parliament in London in an election last May.
Scottish nationalists have repeatedly told Cameron that he cannot rule out giving Scotland another independence referendum, and that a situation in which Scots voted to stay in the EU but a majority of all Britons voted to leave could be a trigger.
Sturgeon has previously said there could only be another independence vote if a majority of Scots voted for a party which proposed one in a Scottish parliamentary election. Such an election is due in May this year.
AceTraderFx Jan 14: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
14 Jan 2016 01:47GMT
USD/JPY - ..... A sea of red is seen among Asia equity markets as o/n selloff in U.S. stocks triggered fresh wave of selling with the Nikkie leading the way and tumbled 4% shortly after the open on Thursday, so the Japanese yen and also the euro were bought as risk aversion trade whilst investors shunned risky currencies like aud, nzd and cad with the loonie falling again vs the usd in Asia to another fresh 12-year low of 1.4383.
Offers are tipped at 117.70/80 and more at 118.00/10, some bids are noted at 117.30-10 are with stops touted below 117.00, however, there is market chatter of fairly large stops below Monday's 4-1/2 month bottom at 116.69, suggesting selling dlr on intra-day recovery is the way to go.
Despite PBOC setting yuan's mid-point rate at 6.5616 (previous close at 6.5743), current offshore USD/CNH has currently jumped to 6.5000, suggesting dlr would remain under pressure vs the yen in Asian session.
Data to be released on Thursday:
Japan domestic corporate goods price index, machinery orders, machine tool orders, Australia unemployment rate, employment, Germany real GDP growth, Italy industrial output, U.K. bank rate, QE total, MPC vote, U.S. initial jobless claims, export prices, import prices and Canada new housing price index.
IAceTraderFx Jan 14: Intra-day Market Moving News and Views EUR/USD
ntra-Day Market Moving News and Views
14 Jan 2016 03:10GMT
EUR/USD - ....... Euro eased from Asian top of 1.0896 after intra-day brief break of New York high at 1.0888.
Trading the single currency has proven to be tricky this week as investors/traders have tied to buying/selling of euro to intra-day/daily swings in stock prices as both yen & euro are sought after in times of market (equity esp.) turmoil because it is a market view (rightly or wrongly) these 2 currencies are often used a funding currency in investing in risky assets and when prices in these markets fall, investors will liquidate their portfolio and buy back the yen & euro.
Today's selloff in Asian equities (Nikkei took a tumble n fell 4%) has triggered renewed broad-based buying of euro vs usd, gbp and surprisingly, the Swiss franc, so if European stocks follow Asian equities lower at the open, one can expect further buying of euro.
Therefore, buying euro on dips (our weekly strategy is holding a long position at 1.0825) is the way to go.
For now, offers are tipped at 1.0895/05 with stops touted above 1.0910, initial bids are noted at 1.0865-45 area, there is market chatter on large stops building below 1.0800 but this is unlikely to be seen.
Although Germany will release 2015 non-adjusted GDP and the followed by Italy's industrial production data, these data will be ignored by the market are traders are focusing European stock movements. Later today at 12:30GMT, ECB will publish its minutes of Dec monetary meeting.
AceTraderFx Jan 14: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 14 Jan 2016 01:19 GMT
EUR/USD - 1.0886
Although euro came under renewed broad-based selling pressure in Asia and European session on Wednesday as broad-based rebound in global stocks boosted risk sentiment, price hit session lows of 1.0805 at New York open before rebounding on short-covering.
Subsequent strong bounce to 1.0888 at New York close following selloff in U.S. stocks suggests early correction from Monday's 1.0970 high has ended, above 1.0900/10 would add credence to this view and bring further gain to 1.0930/40.
On the downside, expect 1.0844 sup to hold for further intra-day gain and only below indicated good sup at 1.0803/05 would dampen bullish bias on euro and may risk weakness towards 1.0771 before prospect of another rebound.
AceTraderFx Jan 14: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time:14 Jan 2016 09:46 GMT
USD/JPY - 117.87
Although dollar's cross-inspired decline from yesterday's 118.38 high to as low as 117.30 in Asian morning suggests early correction from Monday's fresh 4-1/2 month trough at 116.69 has ended, intra-day strong bounce to 118.18 in Europe due to recovery in Asian equities signals choppy sideways trading would continue.
As long as 118.38 holds, downside bias remains for subsequent weakness to 1170..0/10 but 116.69 should remain intact and only above 118.38 would risk stronger correction of recent decline to 118.55/60, however, loss of upward momentum would cap price below daily res at 118.85.
AceTraderFx Jan 15: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
15 Jan 201601:55GMT
USD/JPY - ...... Although dlr ended Thursday's session above 118.00 level after swinging wildly in Europe & New York as rebound in U.S. stocks boosted risk sentiment and led to broad-based yen-selling, price rallied from New York morning low of 117.43 to as high as 118.28.
Despite initial sideways move ahead of Asian open and a higher open in the Nikkie, intra-day rise in USD/CNH (offshore) after the morning PBOC yuan's mid-point fixing triggered a sudden wave of yen buying and pressured the pair to 117.85.
Looks like dlr may orbit the 118.00 level in directionless Asian morning as offers are tipped at 118.20-40 area with stops above there, some bids are noted at 117.85-75 and more below with fairly good buying interest at 117.30-20.
Traders are expected to take cue from intra-day Asian and later European stocks' movement, however, pay attention to a slew of important U.S. economic data due out later today, in particular, Dececember retail sales, street forecast is looking for a 'flat' growth vs previous reading of 0.2%, a weaker-than-expected number would pressure U.S. stocks and the usd vs yen and euro.
Data to be released on Friday:
Australia home loans, France budget, Italy consumer price index, Eurozone trade balance, U.S. retail sales, producer price index, Empire State manufacturing index, industrial output, capacity utilization, Reuters/Michigan consumer sentiment index and business inventories