Intraday trading signal - page 157
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AceTraderFx Apr 30: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK -EUR/USD
Update Time: 30 Apr 2015 01:19 GMT
Euro's rally above previous key resistance at 1.1062 (reaction high from March's 12-year trough at 1.0457) signals long-term decline is still being retraced and despite subsequent intra-day retreat to 1.1076 in New York afternoon after Fed statement.
Upside bias remains for said erratic up move from 1.0457 to resume and extend gain towards 1.1264 after consolidation.
On the downside, only a daily close below 1.0991 would indicate a top is made instead and shift risk to downside for weakness to 1.0960 and then possibly towards 1.0918/27.
AceTraderFx Apr 30: Intra-Day Market moving news and views (USD/JPY)
Intra-day Market Moving News and Views
30 Apr 2015 06:15GMT
USD/JPY- ......BoJ releases semi-annual report-
'BOJ pushes back timing for hitting price target;
Japan likely to achieve 2 pct inflation around first half of fiscal 2016;
Japan's economy likely to sustain positive cycle of higher incomes leading to increases in household, corporate spending;
risks to Japan's economic outlook balanced & price outlook tilted toward downside;
considerable uncertainty exists on price outlook, mainly on medium to long term inflation expectations;
Japan's economy to continue growing at pace above potential in fiscal 2015, 2016.'
Japan core CPI expected +2.0% in FY2016/17 Vs +2.2% projected in Jan; Japan core CPI expected +1.9% in FY2017/18 excluding effect of sales tax hike;
compared with Jan, CPI forecasts until FY2016/17 are tilted to downside.'
AceTraderFx Apr 30: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 30 Apr 2015 08:00 GMT
USD/JPY - 118.90
Despite dollar's intra-day brief breach of Wednesday's low at 118.60 to 118.50, subsequent intra-day cross-inspired rebound suggests further choppy trading above the daily key support at 118.33 would continue and gain towards 119.59/66 would be seen.
However, reckon resistance at 120.09 would hold today and yield retreat later.
Below 118.50 would signal erratic decline from March's near 8-year peak at 122.03 has resumed and bring re-test of 118.33 (reaction low from 122.03) and then towards 118.00/04.
AceTraderFx May 4: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:04 May 2015 01:15 GMT
EUR/USD - 1.1195
Despite euro's resumption of erratic upmove from March's 12-year trough at 1.0457 to a fresh 2-month peak at 1.1290 in Friday's New York morning, subsequent intra-day sell off to 1.1175 signals a temporary top has been made and 1-2 days of consolidation would be seen with mild downside bias.
However, reckon support at 1.1072 would hold and bring rebound later.
On the upside, above 1.1290 would extend aforesaid rise to retrace long-term downtrend has resumed and yield further gain to 1.1340/50.
AceTraderFx May 4: Intra-Day News and Views (EUR/USD) & data to be released today
Intra-day Market Moving News and Views
04 May 2015 00:05GMT
EUR/USD - 1.1191.. A piece of mildly euro-supportive news which came out during NZ morning, Reuters reported negotiations between Greece and its international lenders over reforms to unlock remaining bail out aid have made headway and an agreement could be closer this month, a gov't official said on Sunday.
"There were very important steps made at the Brussels Group (talks) which bring an agreement nearer," the official said, declining to be named. "All sides aim for an agreement at a Brussels Group level within May."
The talks between technical teams from Athens and EU/IMF/ECB lenders are expected to resume on Monday, the official said after the country's chief negotiators met with PM Alexis Tsipras.
A EZ official also said there was convergence on some issues but sticking points remained n that talks were expected to continue through Wednesday.
Athens hopes that a successful conclusion of the negotiations at the so-called Brussels Group could lead to recognition of the progress by the Eurogroup of EZ finance ministers n bring some liquidity relief.
Data to be released this week:
Japan market holiday, Australia building approvals, China manufacturing PMI, Swiss manufacturing PMI, Italy manufacturing PMI, France manufacturing PMI, Germany manufacturing PMI, UK market holiday, EU manufacturing PMI, sentix index, U.S. factory orders and durable goods on Monday.
Australia new home sales, exports, imports, trade balance, RBA rate decision, France budget balance, UK construction PMI, EU producer prices, Canada imports, exports, trade balance, U.S. trade balance, redbook retail sales, ISM non-manufacturing and services PMI on Tuesday.
New Zealand labour cost, unemployment rate, Japan market holiday, Australia retail sales, China services PMI, Italy services PMI, France services PMI, Germany services PMI, EU services PMI, retail sales, UK services PMI, Canada Ivey PMI and U.S. ADP employment on Wednesday.
Australia unemployment, Japan services PMI, Germany factory orders, France exports, imports, trade balance, U.S. jobless claims and Canada building permits on Thursday.
Japan BoJ meeting minutes, Australia RBA monetary policy statement, China exports, imports, trade balance, Swiss unemployment rate, Germany industrial production, exports, imports, trade balance, current account, Italy industrial output and UK trade balance on Friday.
AceTraderFx May 4: Daily Recommendations on Major - USD/JPY
DAILY MARKET OUTLOOK
Update Time: 04 May 2015 08:06 GMT
USD/JPY - 120.13
Dollar's rally from last Thursday's 4-week trough at 118.50 to as high as 120.29 Friday signals price remains confined inside early 7-week broad range of 122.03-118.33 and consolidation with upside bias is seen for gain towards daily chart objective at 120.84.
However, reckon pivotal resistance at 121.20 would hold on first testing and bring retreat later.
On the downside, only below 119.26 would indicate a top is made and bring subsequent weakness towards 118.50.
AceTraderFx May 4: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
04 May 2015 08:21GMT
GBP/USD- ...... Cable tracked euro's intra-day move closely as despite staging a bounce to 1.5175 shortly after European open, renewed broad-based rebound in the greenback knocked price down to 1.5125. However, cross-buying in sterling vs euro ltd intra-day weakness there so far n cable recovered to 1.5153.
As mentioned in previous update, offers from various accounts are located at 1.5170-80 and more at 1.5195/00 and 1.5220-30 with mixture of offers and stops located at 1.5240-50.
On the downside, bids are placed at 1.5125/20 and then 1.5115/10 with demand from real money accounts reported at 1.5100 and further out at 1.5050.
AceTraderFx May 5:: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 05 May 2015 01:00 GMT
EUR/USD - 1.1145
Despite euro's resumption of erratic up move from March's 12-year trough at 1.0457 to a fresh 2-month peak at 1.1290 last Friday, subsequent sell off to 1.1175 and then 1.1122 yesterday signals a temporary top has been made and consolidation with mild downside bias is seen for a retracement to 1.1072.
However, reckon 1.1062 (previous key resistance, now sup) would hold and bring rebound later.
On the upside, only above 1.1290 would extend aforesaid rise to retrace long-term downtrend has resumed and yield further gain to 1.1340/50.
AceTraderFx May 5: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
05 May 2015 02:29GMT
GBP/USD- ...... The British pound tracked euro's intra-day move closely on Monday. Despite staging a recovery after early intra-day's sell off from 1.5175 (Europe) to 1.5090 at NY open, price met renewed selling interest at 1.5149 and quickly weakened to 1.5099 on renewed usd's broad-based strength following upbeat U.S. factory orders before moving very narrowly in NY afternoon and as well as during Asian morning on Tuesday.
U.K. markets will return today after yesterday's Early May Day holiday The Markit research group will release its U.K. construction PMI index at 08:30GMT.
Market expects a slight drop in the index to 57.4 in Apr from 57.8 in previous month.
Expects sideways move above yesterday's low at 1.5090 to continue in subdued Asian trading but selling the British pound on intra-day recovery is recommended due to recent weakness in European ccys vs the usd.
At present, offers are noted at 1.5135/40, 1.5150-60 n more at 1.5170-80 with stops building up above 1.5180, whilst bids are placed at 1.5100-1.5090 with some stops below there.
Tuesday will see the release of Australia new home sales, exports, imports, trade balance, RBA rate decision, France budget balance, UK construction PMI, EU producer prices, Canada imports, exports, trade balance, U.S. trade balance, Redbook retail sales, ISM non-manufacturing and services PMI.
AceTraderFx May 5: Intra-Day Market Moving News and Views EUR/USD
Intra-day Market Moving News and Views
05 May 2015 08:24GMT
EUR/USD- ....... ECB's Noyer adds 'there is a risk that Greek banks may run out of collateral to obtain emergency ECB liquidity if the situation continues.' ....more on this, read earlier report.
Despite a brief bounce to 1.1147 at European open, renewed selling interest quickly emerged n knocked price down below Mon's low at 1.1122 to 1.1091.
Looks like consolidation with downside bias wud be seen ahead of the release of euro zone's Producer Price reports at 09:00GMT n selling the euro on intra-day recovery is recommended.
Offers from various accounts are noted at 1.1115/20 and more at 1.1130-40 with a mixture of offers n stops located at 1.1150-60.
On the downside, bids are placed at 1.1060-50 and then 1.1045/40 with stops emerging just below 1.1020.