Intraday trading signal - page 231
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AceTraderFx Feb 11: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
11 Feb 2016 03:05GMT
USD/JPY - ..... Once again, the Japanese yen took centre stage in Asian session on Thursday following yesterday's resumption of dlr's downtrend vs yen to a fresh 15-month bottom of 113.12.
Despite a brief short-covering rebound to 113.60 in Australia, a wave of fresh selling emerged shortly after Asian open despite closure of Japanese financial markets, the pair tanked to as low as 112.54 after tripping stops below 113.00 in thin market condition, however, price has staged a modest bounce back to 113.03/04 on lack of follow-through selling.
Looks like the intra-day low print would remain on the screen as price consolidate in European morning. Once again, if European stocks do not fall sharply, then one can expect a much-needed recovery to 113.50/60 before recent downtrend resumes. Offers are tipped at 113.00/10 with some stops above there.
However, more offers are reported at 113.50/60.
Some bids are noted at 112.70-112.50 with some stops below there.
Later today, U.S. will release weekly jobless claims and Fed Yellen will testify before Senate Banking Committee on Capital Hill at 15:00GMT.
AceTraderFx Feb 11: Intra-Day Market Moving News and Views- EUR/USD
Intra-Day Market Moving News and Views
11 Feb 2016 04:20GMT
EUR/USD - ...... Euro pares intra-day marginal gain in Asia after rising briefly above yesterday's New York 1.1299 high to 1.1320 as renewed broad-based yen's strength triggered another fresh round of USD bashing.
However, lack of follow-through buying quickly knocked price lower to 1.1280 in Asian lunch session.
Euro's intra-day retreat suggests choppy trading below Tuesday's 1.1338 high would continue as offers at 1.1320/30 have capped upside and market may test downside in early European morning.
Some bids are noted at 1.1280-70 with some stops below there, more buying interest is touted at 1.1240-30.
No EZ eco. data are due out, so technical trading may influence intra-day market swings.
AceTraderFx Feb 11: Intra-Day Market Moving News and Views- EUR/USD
Intra-Day Market Moving News and Views
11 Feb 2016 08:46GMT
EUR/USD - ...... Euro jumped to a fresh 3-1/2 month peak of 1.1355 after ECB Nowotny's brief remark on Brexit'.
Reuters later reported Euro area inflation could dip into negative territory in the first half of 2016 but the threat of entrenched deflation has been averted and prices will rise in the second half, European Central Bank Governing Council member Ewald Nowotny(head of the Austrian central bank. ) said. He thinks it's important to look at the medium term and in the second half, we could already see a clear increase in inflation because of the base effect from the previous year.
He continued that he wouldn't speak of a deflationary risk, per se as it could be the case in certain months but that is not deflation, but think that it was the success of the previous policy of the ECB that had prevented a deflationary scenario in Europe.
AceTraderFx Feb 12: Daily Outlook (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
12 Feb 2016 01:44GMT
USD/JPY - .... The Japanese yen took centre stage again in Asia today, not by its sharp price moves but by Japanese officials' rhetorics (see previous updates) who expressed dismay over this week's spectacular but unwelcome yen's ascent.
Although dlr briefly dipped to 111.91 when the Nikkei opened lower weakened by 4%, falling briefly below psychological 15,000 level, intra-day recovery in the N225 index plus comments by Japanese officials quickly lifted the pair to 112.60.
Looks like dlr would gain respite today n brings choppy trading above yesterday's fresh 15-month trough at 110.99. If Asian stocks pare recent losses, one can expect a modest bounce.
Bids are noted at 116.80-60 area and more below with stops below 110.90.
Offers are tipped at 112.60/70 with some stops above there, however, more selling interest is reported at 113.00/20 area. Pay attention to release of key U.S. retail sales at 13:30GMT.
Data to be released on Friday:
Germany CPI, GDP, Harmonised index of consumer prices, France nonfarm payrolls, Italy GDP, Eurozone GDP, industrial production, U.S. retail sales, import price index, export price index, leading economic index, business inventories and Reuters/University of Michigan consumer sentiment index.
AceTraderFx Feb 12: Intra-Day Market Moving News and Views- EUR/USD
Intra-Day Market Moving News and Views
12 Feb 2016 03:30GMT
EUR/USD - ...... Euro pares yesterday's erratic rise to a fresh 3-1/2 month high of 1.1377 in New York session and retreated in Asian morning to 1.1302. Traders reported fairly good offers were noted at 1.1370/80, so intra-day retreat suggests choppy consolidation with downside bias is in store as market now test euro's downside and short-term specs may probe for euro's sup (stop hunting).
As a slew of important European data are due out, expect choppy price action after the release.
Pay attention to German inflation data at 07:00GMT and flash GDP, Italy will release GDP at 09:00GMT followed by EZ GDP and u=industrial production at 10:00GMT.
Offers are tipped at 1.1335/45 and more above with stops touted above 1.1400.
Some bids are noted at 1.1310-00 with some stops below there, more stops are touted below 1.1270.
AceTraderFx Feb 12: Daily Recommendations on Major -EUR/USD
AceTraderFx Feb 12: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 12 Feb 2016 09:01 GMT
USD/JPY - 112.47
Although dlr's intra-day sideways swings following yesterday's brief but sharp rise from a fresh 15-month bottom at 120.99 to 112.27 (inter-bank high) suggests recent downtrend has made a temporary low there and 1-2 days of choppy consolidation would continue, as long as said 'reaction high' holds, downside bias remains but a daily close below 111.57 needed to bring re-test of 120.99 and later to 110.35.
Only a daily close above 113.27 signals long-overdue correction has occured and bring stronger retracement towards 114.21/26.
AceTraderFx Feb 12: Intra-Day Market Moving News and Views- EUR/USD
Intra-Day Market Moving News and Views
12 Feb 2016 08:00GMT
EUR/USD - ...... Today is GDP day in Europe. Reuters reported Germany posted steady economic growth in the final quarter of 2015, as higher state spending boosted by the refugee crisis and significantly more construction offset a drag from foreign trade, the Federal Statistics Office said on Friday.
The economy grew by 0.3 percent in the final three months of 2015, in line with the consensus forecast in a Reuters poll and at the same rate as in the previous quarter. The overall growth rate for 2015 was 1.7 percent.
Unadjusted data showed the economy expanded by 2.1 percent on the year in the fourth quarter, falling short of the consensus forecast for 2.3 percent growth.
The statistics office said more was invested in construction compared to the previous quarter while foreign trade acted as a brake on growth. After a solid first half of 2015, the economy slowed slightly in the second half as market turmoil in emerging markets and the Chinese slowdown left their mark.
The steady reading follows on from surprisingly poor industrial output data for December that underlined the challenges facing Germany's traditionally export-driven economy this year after the slowdown in emerging markets.
AceTraderFx Feb 15: Daily Outlook (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
15 Feb 2016 01:33GMT
USD/JPY - ..... The Nikkie index gain 4.3% despite early release of downbeat Japan's GDP data. Reuters reported Japan's economy contracted an annualised 1.4 percent in the final quarter of last year as consumer spending slumped, adding to headaches for policymakers already wary of damage the financial market rout could inflict on a fragile recovery.
The data underscores the challenges premier Shinzo Abe faces in dragging the economy out of stagnation, as exports to emerging markets fail to gain enough momentum to make up for soft domestic demand.
The contraction in gross domestic product (GDP) was bigger than a median market forecast for a 1.2 percent decline and followed a revised 1.3 percent increase in the previous quarter, Cabinet Office data showed on Monday. It matched a fall marked in April-June last year.
Private consumption, which makes up 60 percent of GDP, fell 0.8 percent, more than a median market forecast for a 0.6 percent decline, a sign Abe's stimulus policies have so far failed to nudge households into boosting spending.
Data to be released:
Japan's GDP, industrial production, tertiary industry index, capacity utilization, China's imports, exports, trade balance, U.K. house price index and Eurozone trade balance in Monday.
New Zealand retail sales, inflation expectation, Italy trade balance, U.K. CPI, core CPI, retail price index, producer price index, house price index, Germany ZEW current situation, economic sentiment, Eurozone economic sentiment, Canada manufacturing sales, U.S. housing market index, overall capital flows, foreign buying T-bond, NY Empire State manufacturing index and net long-term TIC flows on Tuesday.
Australia Westpac leading index, Japan machinery order, U.K. unemployment rate, average earning, unemployment change, Swiss investor sentiment, Eurozone construction output, U.S. mortgage application, build permits, housing starts, producer price index, Redbook, industrial production and capacity utilization on Wednesday.
New Zealand producer price index, Japan exports, imports, trade balance, Australia, unemployment rate, employment, participation rate, China CPI, producer price index, Swiss exports, imports, trade balance, France CPI, inflation, Eurozone current account, U.S. initial jobless claims, Philadelphia Fed manufacturing survey, CB leading indicator and Canada wholesale sales on Thursday.
Japan all industry activity index, Germany producer price index, U.K. retail sales, public sector net borrowing, CB leading economic index, Eurozone consumer confidence, U.S. CPI, core CPI, Canada CPI, core CPI and retail sales on Friday.
AceTraderFx Feb 15: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
15 Feb 2016 03:08GMT
USD/JPY - ..... In total stark contrast to recent dlr weakness, the pair traded higher above Friday's high at 113.53 (New York) in Tokyo morning as a strong recovery in the Dow last Friday lifted Asian stocks (except Chinese equities), the Nikkie rallied by over 5%, boosting risk appetite in Asia, yen and euro were sold whilst risk currencies (aud, nzd and cad) also gained as a result.
Despite initial pullback from 113.71 ahead of Asian open, renewed buying at 113.27 pushed the pair higher.
Bids are noted at 113.30-20 and more below with stops touted below 113.00.
Some offers are tipped at 113.90/00 and more above with stops reported above 124.20.
Although trading is fairly hectic in Asia, as financial markets are closed in U.S. (Presidents Day) & Canada, expect choppy trading to continue in European morning before activities turn quiet later in the day.