Intraday trading signal - page 245
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AceTraderFx Apr 6: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:06 Apr 2016 04:31 GMT
EUR/USD - 1.1382
Euro's rebound after last Friday's intra-day strong retreat from a fresh 5-month peak of 1.1438 to 1.1335 suggests mild upside bias remains for recent upmove to resume after consolidation.
However, near term 'loss of upward momentum' should prevent strong gain today and reckon chart res at 1.1495 should remain intact.
On the downside, below 1.1335 would confirm a temporary top has been made and bring retracement towards 1.1310/15 but 1.1283 should hold, yield rebound.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 6: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 06 Apr 2016 09:17 GMT
USD/JPY - 110.32
Dollar's cross-inspired selloff to a fresh 17-month trough at 109.92 confirms MT downtrend from 2015 peak at 125.86 has resumed and further weakness to 109.80 and then 109.50/60 would be seen.
However, loss of momentum should keep price well above 109.00 ahead of FOMC minutes later today.
On the upside, only a daily close above 111.06/10 would indicate a temporary low has been made and yield retracement to 111.37, then 111.80 before prospect of a retreat.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 6: Intra-Day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views
06 Apr 2016 10:06GMT
GBP/USD - .... Cable resumes recent decline after after meeting renewed selling at 1.4171 (Asia) and penetrated yesterday's 1.4122 low to a 1-week bottom of 1.4094 in Europe on active selling of sterling vs usd, eur and yen.
The lack of an intra-day rebound suggests downside bias remains for marginal weakness ahead of U.S. open.
However, traders reported a fairly good buying interest above previous sup at 1.4056-53.
Offers are tipped at 1.4120/30 and more above with stops above 1.4175, suggesting selling the pound on recovery is still favoured.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 7: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
07 Apr 2016 02:25GMT
USD/JPY - 109.45... Although dlr rebounded from a fresh 17-month trough at 109.34 to 109.83 in New York afternoon after release of FOMC minutes, then a brief jump to 109.91 in Tokyo morning on comments from Japan MOF official (see our previous MMN), dovish comments from Dallas Fed President Robert Kaplan knocked price down again to 109.35.
Renewed intra-day weakness in dlr during Tokyo morning suggests consolidation with downside bias would be seen and therefore, selling usd/jpy pair on recovery is still favour.
However, sharp decline below 109.00 level is not likely to be seen ahead of the release of U.S. jobless claims in New York morning (12:30GMT).
At present, offers are reported at 109.60-70 and then 109.80-90 with mixture of offers and stops seen in the region of 110.00-110.20.
On the downside, initial bids are noted at 109.30-20 and near 109.10 with buying interest from various accounts noted at 109.00-108.90.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 7: Intra-Day Market Moving News and Views (EUR/USD)
Intra-Day Market Moving News and Views
07 Apr 2016 04:18GMT
EUR/USD - ....... Euro pared all its early intra-day losses in New York session and rallied from 1.1327 (Europe) to as high as 1.1433 at New York midday.
Later, price retreated to 1.1392 after release of FOMC minutes before staging a bounce to 1.4144 in Asian morning on Thursday.
Today, investors should pay attention to speeches from several ECB's officials during the European session, these include Peter Praet, Benoit Cœuré, Ignazio Visco, and Vitor Constancio.
At present, bids are noted at 1.1390-80 and 1.1370-60 with stops below 1.1350, whilst on the upside, offers are reported at 1.1420-30 and then 1.1440-50 with stops above there.
Data to be released on Thursday:
Australia AIG construction index, France exports, imports, trade balance, current account, U.S. initial jobless claims and Canada building permits.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 7: Intra-Day Market Moving News and Views (EUR/USD)
Intra-Day Market Moving News and Views
07 Apr 2016 08:30GMT
EUR/USD - .......France's trade deficit widened in February to 5.2 billion euros ($5.95 billion), the biggest since August 2014, seasonally adjusted data published today by the customs office.
After a deficit of 3.9 billion euros in January, revised from a preliminary estimate of 3.7 billion, the trade balance deteriorated sharply in February as imports surged on the delivery of inputs for the French car and aerospace industries from abroad, while overall exports dipped.
The trade deficit weighed heavily on the current account, pushing it to a deficit of 3.9 billion euros in February - the biggest since June 2014 - wider than the 2.2 billion in January, the Bank of France said separately. It revised the January deficit from a preliminary estimate of 1.4 billion euros.
The European Central Bank's chief economist Peter Praet said that the negative interest rates will become a worry for banks' business models if they persist for two or three years, if you think about the implications for business models.
The ECB has charged banks for parking money overnight since June 2014, leading to complaints from lenders that their margins are being squeezed because they cannot pass on the charge to their depositors.
ECB is not discussing distributing money directly to citizens in the euro zone, a step known as "helicopter money", this form of monetary easing was first envisaged by U.S. economist Milton Friedman using the metaphor of a flying helicopter dropping money.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 8: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views (USD/JPY)
08 Apr 201601:10GMT
USD/JPY - 108.64... Although the greenback accelerated recent losing streak vs the Japanese yen on worries of a slowdown in global economy and fell to a fresh 17-month trough at 107.67 in New York morning on Thursday, short-covering emerged there and later lifted price to 108.46 near New York closing.
Later, the greenback found renewed support at 108.07 and climbed higher to 108.84 in Tokyo morning following verbal warnings by Japanese officials (see our previous MMNs).
Today, U.S. will release Wholesale Inventories and Wholesale Sales data for Feb at 14:00GMT.
Later, Federal Reserve Bank of New York President William Dudley will speak at a mobile classroom run by the American Job Center the tour of The WorkPlace at 15:15GMT.
Although intra-day rise in usd/jpy pair in Tokyo morning suggests consolidation with mild upside bias would be seen in Asia, current decline in Nikkei may limit upside to 109.00 level n yield retreat.
At the moment, bids are reported at 108.60-50 and more at 108.40-30 with stops below 108.20, whilst on the upside, offers are tipped at 108.90-00 and in the region of 109.10-30 with stops above 109.50.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 8: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:08 Apr 2016 04:00 GMT
EUR/USD - 1.1371
Despite euro's brief rise above last Friday's high of 1.1438 to a fresh 5-1/2 month peak at 1.1454 in European morning, subsequent intra-day selloff to 1.1338 in New York morning signals MT uptrend has made a temporary top there and a few days of consolidation with mild downside bias would be seen.
However, reckon 1.1260/70 would hold and yield rebound later.
On the upside, a break of 1.1454 would bring further gain to 1.1495 but loss of momentum should limit upside to 1.1510/20 and yield retreat.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 8: Intra-Day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views
08 Apr 2016 04:11GMT
GBP/USD - ...... The British pound tracked euro's intra-day swing closely in Asian and early European sessions on Thursday. Price started to fall after rising from Asian low at 1.4106 to 1.4157 at European open and tanked to 1.4049. Later, price rebounded to 1.4118 in New York morning before edging lower again on cross-selling in sterling vs euro.
Today's focus for the British pound will be on the release of UK industrial production n UK manufacturing output at 08:30GMT.
At the moment, offers are reported at 1.4090-00 and then 1.4110-20 with stops above 1.4130, whilst bids are noted at 1.4060-50 and more at 1.4030-20 with stops below 1.4000.
Data to be released on Friday:
Japan trade balance, current account, consumer confidence, economy watcher poll, Swiss unemployment rate, CPI, Germany imports, exports, trade balance, current account, France budget balance, industrial output, U.K. industrial output, manufacturing output, trade balance, U.S. business optimism index, wholesale inventories, wholesale sales, Canada housing starts, unemployment rate, employment change, participation rate.
On the downside, initial bids are noted at 1.1350-40 and more at 1.1330-20 with stops below 1.1300.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates