Intraday trading signal - page 226
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AceTraderFx Jan 22: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
22 Jan 2016 01:28GMT
US/JPY - ...... Dollar continued its o/n gain New York session and climbed to an intra-day high of 117.95 at Asian open following dovish Reuters news report which came out ahead of Thursday's New York close.
Reuters reported the Bank of Japan is "taking a serious look" at expanding its monetary easing measures as sliding oil prices make it ever harder to reach its 2 percent inflation target, and a higher yen and falling stock prices would also loom large at the central bank's next two-day policy meeting on Jan. 28 and 29.
The Nikkei quoted one senior BOJ official as saying that sliding oil prices could depress inflation expectations among consumers. "Then we should consider additional easing," the official was quoted as saying.
While earlier Japan Financial Minister Aso said that they are closely watching the FX movements but won't comment on its levels, and stress that Japan economy's fundamentals are very strong.
With the declines in oil prices, Aso believed it is positive for Japan economy.
Data to be released on Friday:
Australia Westpac consumer confidence index, Japan manufacturing PMI flash, China business sentiment indicator, France manufacturing PMI flash, Service PMI flash, Germany manufacturing PMI flash, Service PMI flash, Euro zone manufacturing PMI flash, Service PMI flash, U.K. retail sales, public sector net borrowing, U.S. Chicago Fed national activity index, manufacturing PMI, existing home sales, CB leading indicator, Canada CPI and retail sales
AceTraderFx Jan 22: Intra-day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
22 Jan 2016 03:23GMT
EUR/USD - ....Trading the euro proved to be tricky yesterday as despite intra-day knee-jerk price movement in Europe, the single ccy tumbled from 1.0921 to as low as 1.0776 on ECB Draghi's dovish remark after expressing his concerns over emerging market economies' growth prospect.
However, short-covering quickly emerged and euro later ratcheted higher back to 1.0901 in New York afternoon.
Euro has come under broad-based selling pressure at Asian open due to strong rebound in Asian equities as euro tends to trade in inverse direction to global stock movements, suggesting we're in more intra-day roller-coaster move.
Offers are noted at 1.0860/70 and more above with stops reported above 1.0900.
Initial bids at 1.0860-50 have been absorbed and more buying interest is touted at 1.0820/00 area, suggesting choppy sideways swings look set to continue.
AceTraderFx Jan 22: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
22 Jan 2016 03:36GMT
USD/JPY - ...... Dlr pares intra-day gain after climbing to 117.95 at Asian open on early news report of possible easing measures by the BoJ at next Friday's policy meeting (see 01:28GMT update for details).
Looks like consolidation is in store until European open, however, intra-day strong rebound in Asian stocks suggests European Bourses will open high and this will continue to boost risk sentiment, leading to renewed yen-selling, therefore, trading dlr from long side for short-term trade is still favoured, reported offers at 117.28/38 area are expected to cap intra-day gain.
Initial bids are noted at 117.55-45 with stops below 117.25.
Later today, U.S. will release January mfg PMI, existing home sales n leading indicator, if these numbers miss market estimates, then expect dlr to come under selling pressure as the greenback has been based vs other G6 currencies in overnight New York session.
AceTraderFx Jan 25: Intra-Day Market Moving News and Views USD/JPY
Intra-Day Market Moving News and Views
25 Jan 2016 00:10GMT
USD/JPY - ..... Dlr rallied in the 2nd part of last week on active short-covering. Reuters reported earlier speculators reduced bullish bets on the U.S. dollar for a fourth straight week, as net longs fell to their lowest level since late October, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday.
The value of the dollar's net long position slid to $25.03 billion in the week ended Jan. 19, from $25.29 billion in the previous week. This was the third straight week that net dollar longs came in below $30 billion.
The volatility in financial markets driven by the downtrend in oil has diminished the allure of the dollar against both the euro and yen, which have lower interest rates than the U.S. currency.
This week, Japanese yen net longs totaled 37,653 contracts, from 25,266 previously. This week's yen net longs were the largest since mid-February 2012.
These days, the safe haven yen and low-yielding euro tend to struggle in times of increased risk appetite because these currencies are often used to fund investment in risky assets. They consequently rise back up when there is a retreat from those assets in periods of market stress.
Japan's exports fell 8.0 percent in December from a year earlier, down for the third straight month, Ministry of Finance data showed on Monday, in a sign the slowdown in China's economy and emerging markets is taking a toll on external demand.
The decline compares with economists' median estimate for a 6.8 percent drop in a Reuters poll. It followed a 3.3 percent decrease in November.
Imports fell 18.0 percent in December, versus the median forecast for a 16.4 percent decline, bringing the trade balance to a surplus of 140.2 billion yen ($1.18 billion). Economists expected a surplus of 100.0 billion yen.
AceTraderFx Jan 25: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
25 Jan 2016 02:25GMT
USD/JPY - ...... Dlr pares Fri's rally to a 2-week high of 118.88 n retreated to 118.43 shortly after Tokyo open on selling by Japanese exporters despite intra-day gain in the Nikkie.
Looks like a temporary top has been made and range trading is in store in Asia. Having said that, as market has moved back to so-called risk-on mode as Friday's 10% plus rally in crude oil price (benchmark Brent crude has clocked up marginal gain in Mon's trading and is currently at $32.47, well above the $ 30/barrel mark) should boost risk sentiment.
Therefore, expect renewed yen-selling to emerge, so buying dlr on dips is still favoured.
Bids are noted at 118.45-35 and more below with stops below 118.00.
Offers are tipped at 118.75/85 and more above with stops touted above 119.20.
Data to be released :
Japan exports, imports, trade balance, Germany IFO expectations, business climate, current assessment, Italy industrial sales, industrial orders, retail sales, trade balance, U.K. CBI trends survey and U.S. Dallas Fed manufacturing business index on Monday.
Swiss exports, imports, trade balance, U.S. Redbook, caseshiller 20, housing price index, Markit service PMI and consumer confidence on Tuesday.
Australia Westpac leading index, CPI, business condition, business confidence, Germany consumer confidence, import prices, U.K. nationwide house prices, Swiss consumption indicator, France consumer confidence, Italy consumer confidence, business confidence, U.S. mortgage applications, new home sales, Fed Pace of MBS Purchase Program, Fed Pace of Treasury Purchase Program, Fed Interest Rate Decision and New Zealand RBNZ interest rate decision on Wednesday.
New Zealand exports, imports, trade balance, Japan retail trade, Australia import price index, export price index, Italy wage inflation, U.K. GDP, CBI distributive trade, Euro zone services sentiment, consumer confidence, industrial confidence, economic sentiment indicator, business climate, Germany CPI, Harmonised Index of Consumer Prices, U.S. initial jobless claims, durable goods and pending home sales on Thursday.
New Zealand building permits, Japan unemployment rate, jobs/applicants ratio, all household spending, CPI, industrial production, interest rate decision, housing start, construction order, Australia producer price index, U.K. consumer confidence, France GDP, producer prices, consumer spending, Swiss KOF leading indicator, Italy producer price index, Euro zone CPI, U.S. GDP, employment cost index, good trade balance, personal consumption expenditures prices, Chicago PMI, The Reuters/Michigan consumer sentiment index, Canada producer prices and GDP on Friday.
AceTraderFx Jan 25: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
25 Jan 2016 03:30GMT
EUR/USD- ..... Euro is nursing loss in subdued Asian trading on Mon after Friday's weakness to 1.0789 as rally in global stocks sent the Dow higher by 1.3%.
As mentioned in previous update, euro has traded inversely to intra-day move in Asian and global stocks, present broad-based gain in Asian equities should weigh on the single currency. Therefore, despite present recovery, selling on further rise is recommended.
Offers are reported at 1.0830/40 and more above with stop above 1.0865/70.
Initial bids are noted at 1.0790-70 are with fairly large stops touted below there.
Pay attention to release of key German IFO business confidence index at 09:00GMT, street forecast for January reading to be 108.4 vs previous figure of 108.7.
If actual reading comes in below expectation, then euro would come under renewed broad-based bashing vs usd and the sterling.
AceTraderFx Jan 25: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 25 Jan 2016 02:21 GMT
EUR/USD - 1.0802
As euro has remained under pressure on Friday after meeting renewed selling at 1.0863 in Europe and later weakness to 1.0789 in New York due to rebound in global stocks caused by a 10%-plus rally in crude oil price, suggesting re-test of last week's low at 1.0776 (Thursday) would be seen, break would extend early erratic decline from 1.0985 to 1.0730/40, however, reckon Jan's bottom at 1.0711 would remain intact.
On the upside, above 1.0863 would 'prolong' recent choppy sideways swings and may risk another bounce towards 1.0901.
AceTraderFx Jan 26: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
26 Jan 2016 02:04GMT
USD/JPY- ...... More on early comments by Aso, Reuters reported FinMin Taro Aso said on Tuesday that he hoped the Bank of Japan would continue with efforts to achieve its 2 percent inflation target but added that specific policy steps were up to the central bank to decide, and that Japan's fundamentals are not bad at all, falling oil prices are positive to economy .
"The BOJ has said it would not hesitate (to adjust policy) if necessary so we believe it is adhering to that stance," Aso told reporters after a cabinet meeting when asked about speculation over an imminent monetary easing. The BOJ holds its next policy review on Jan. 28-29.
Aso also expressed support for International Monetary Fund's chief, Christine Lagarde, who launched her campaign for a second term as managing director.
Data to be released on Tuesday:
Swiss exports, imports, trade balance, U.S. Redbook, caseshiller 20, housing price index, Markit service PMI and consumer confidence.
AceTraderFx Jan 26: Intra-Day Market Moving News and Views USD/JPY
Intra-Day Market Moving News and Views
26 Jan 201602:33GMT
USD/JPY - ...... Dollar falls in Asian trading on Tuesday as market is back to 'risk-off' mode due to intra-day broad-based weakness in Asian stocks following overnight decline in the Dow caused by a sharp retreat in crude oil price (benchmark Brent crude came off over 8% from yesterday's $ 32.70 high to 30.00 in early Asian trading), traders are buying the yen and euro and to a lesser extent, the Swiss franc as sage-haven currencies.
Looks like price would remain under pressure as the Nikkie is currently down by 376 points and selling the pair on recovery is recommended.
Offers have been lowered to 118.30/35 and more above with stops reported above last week's 118.88 high.
Initial bids are noted at 118.00-117.90 with stops below there, more stops are touted below 117.50.
Pay attention to a slew of U.S. economic data coming out later in the day including Caseshiller home price indices, Markit services PMI and consumer confidence.
AceTraderFx Jan 26: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
26 Jan 2016 03:17GMT
EUR/USD - ..... Euro trades near intra-day 1.0860 high after rising briefly above yesterday's New York top at 1.0857 as broad-based weakness in Asian equities following overnight decline in the Dow and crude oil prices have triggered safe-haven play of yen & euro buying by traders in Asia.
Looks like movement of the single currency will very much dependent to intra-day swings in equities and as mentioned recently, the pair would move 'inversely' to stock direction, so keep an eye out on the Nikkei/Shanghai composite in Asia and then DAX/FTSE/S&P 500 futures during European session.
Bids are noted at 1.0840-20 area with stops below 1.0800, offers are tipped at 1.0860/65 with a stops above there, more selling interest is touted at 1.0900/10 with fairly large stops reported above 1.0920, suggesting buying eur on dips is favoured as long as stocks prices are in the 'red'.