Intraday trading signal - page 16
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Daily Market Outlook by AceTrader
Market Review - 04/03/2010 22:51GMT
Euro tumbles on ECB n Deutsche Bank's downgrade by Moody's dollar surged broadly
AceTrader - Best Intra-day Forex Trading Strategies
The greenback rose broadly on Thursday and the single currency declined sharply after the ECB stated it would not be 'appropriate' for the International Monetary Fund to aid Greece, adding that recovery would be uneven and reducing the chances of a near-term rise in record low euro zone interest rates.
Euro has traded with a soft undertone in Asia but staged a pullback to 1.3694 in European morning. Price fell sharply from there and picked up more downward momentum after the ECB kept rate remained unchanged at 1% as expected. After the rate decision, ECB's Trichet said eurozone economy is expected to grow at moderate pace in 2010 and inflation will be around 1% in near term. He also indicated ECB will keep its special term, one-month liquidity operations, maintaining the same rate. Besides he opposed IMF aid to Greece, saying this act as 'not appropriate'. The single currency tumbled to an intra-day low of 1.3551 in NY mid-day after Moody's downgraded Deutsche Bank's rating.
Versus the yen, dollar extended Wednesday weakness in Asia and price hit an intra-day low of 88.14 ahead of European opening. However, the pair staged an abrupt reversal from there and rose sharply in Europe and NY. Price eventually hit an intra-day high of 89.27 in NY afternoon after data showed a decline in U.S. jobless claims from previous reading of 496.0K to 469.0K, stirring hope about the U.S. economy. Markets expected Friday's non-farm payrolls to show employers cut 50,000 jobs last month, though analysts expect some of that will have been influenced by snowstorm. The pair closed the day up over 0.6%. On other news, after the US market has closed, Reuters reported that 'BOJ has begun examining possible monetary policy easing'. Newspaper also said BOJ is likely to make such decision at its next policy meeting on Mar 16-17 or in the following month.
Despite cable's weakness in Asia, price staged a strong bounce from 1.5025 and rose further after BOE kept its rate unchanged at record low of 0.5% and sterling hit an intra-day high of 1.5136 in NY morning, however, cable tumbled from there after the release of stronger-than-expected U.S. jobs data and price hit an intra-day low of 1.5006 in NY mid-day before stabilising.
Data to be released on Friday include U.K. PPI core, PPI input, PPI output, Germany Factory orders, U.S. Avg. hourly earnings, Non-farm payrolls and Unemployment rate.
EUR/USD Intraday trading signal by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3591
Late Update At 05 Mar 2010 04:22 GMT
Although euro has ratcheted higher to 1.3603
after selloff to 1.3551 in NY y'day, as this move
signals correction fm this week's low at 1.3433 has
ended at 1.3736, consolidation with downside bias
remains for re-test of said sup, then twd 1.3515.
Hold short for 1.3560 1st n only rise abv 1.3633
(prev. sup) wud defer intra-day bearishness.
Range Forecast
1.3570 / 1.3600
Resistance/Support
R: 1.3606/1.3633/1.3694
S: 1.3551/1.3515/1.3484
AceTrader - Best Intra-day Forex Trading Strategies
Daily Market Outlook by AceTrader
Market Review - 06/03/2010 01:30GMT
Yen weakens against most currencies after better-than-expected U.S. jobs report
AceTrader - Best Intra-day Forex Trading Strategies
The dollar fell against most of G7 currencies except the yen as U.S. non-farm payrolls showed fewer Americans lost jobs last month than economists' forecast, boosting hopes a U.S. economic recovery was on track and rekindling risk appetite.
Despite trading sideways in Asia and European morning, the greenback rallied against the yen after NPF came in better than expected at -36k vs. forecast of -50k. Unemployment rate came in 9.7%, also better than economists' forecast of 9.8%. The pair eventually rose to one-week high of 90.60 in NY afternoon and closed at 90.32.
The single currency traded with a soft undertone in Asia and Europe morning as German Economy Minister Rainer Bruederle said the German government had no intention of offering Greece a single cent in financial aid and price fell to an intra-day low of 1.3530 shortly after U.S. released its jobs data. However, as the better-than-expected NPF has increased risk appetite, euro ratceheted higher and later rose to an intra-day high of 1.3633 in NY mid-day before easing.
Data to be released next week include Japan Current account, Trade balance, Swiss Jobless rate, Retail sales, Germany Industrial production n Canada Housing starts on Monday, Japan Leading indicators, Swiss CPI, U.K. RICS house prices, Retail sales n Trade balance on Tuesday, Japan Domestic CGPI, Machine orders, Germany CPI final, Trade balance, Current account, U.K. Industrial production, Manufacturing production n U.S. Wholesale inventories on Wednesday, Swiss SNB rate decision n Canada Trade balance on Thursday, New Zealand Retail sales n Japan Industrial production on Friday.
AUD/USD Daily Market Outlook by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.9110
Last Update At 08 Mar 2010 06:39 GMT
As aud has contineud to trade with a firm under-
tone after intra-day rise to 0.9119 n upside bias
remains for upmove fm 0.8678 to extend to 0.9130,
nr term loss of momentum shud cap price at 0.9150/
53 n yield a long-over due minor correction today.
Turn long on pullback for this move n only firm
break below 0.9056/60 sup confirms top is made.
Range Forecast
0.9095 / 0.9122
Resistance/Support
R: 0.9122/0.9153/0.9177
S: 0.9081/0.9056/0.9040
AceTrader - Best Intra-day Forex Trading Strategies
GBP/USD Daily Market Outlook by AceTrader
INTRA-DAY GBP/USD: 1.4955
Last Update At 11 Mar 2010 06:52 GMT
Despite intra-day rebound fm 1.4949 to 1.4988 in
Asian trading, failure to re-test y'day's 1.4993
high (NY) suggests further sideways move wud conti-
nue but as long as 1.4928 (reaction low) holds, cor
rective rise fm 1.4873 wud head twd 1.5017 later.
For st trade, buy cable on dips with stop below
said sup, break may risk weakness to 1.4900/05.
Range Forecast
1.4955 / 1.4985
Resistance/Support
R: 1.4993/1.5017/1.5031
S: 1.4928/1.4900/1.4873
AceTrader - Best Intra-day Forex Trading Strategies
Support, Resistance and Range forecast by AceTrader
INTRA-DAY USD/JPY:
Last Update At 12 Mar 2010 04:37 GMT
Range Forecast
90.50 / 90.75
Resistance/Support
R: 90.83/91.10/91.42
S: 90.50/90.20/89.94
-------------------------------------------------
INTRA-DAY EUR/USD:
Last Update At 12 Mar 2010 04:38 GMT
Range Forecast
1.3675/ 1.3705
Resistance/Support
R: 1.3705/1.3736/1.3789
S: 1.3658/1.3621/1.3596
-------------------------------------------------
INTRA-DAY USD/CHF:
Last Update At 12 Mar 2010 04:43 GMT
Range Forecast
1.0670 / 1.0700
Resistance/Support
R: 1.0708/1.0733/1.0754
S: 1.0676/1.0648/1.0609
-------------------------------------------------
INTRA-DAY GBP/USD:
Last Update At 12 Mar 2010 06:40 GMT
Range Forecast
1.5038 / 1.5075
Resistance/Support
R: 1.5089/1.5112/1.5169
S: 1.5029/1.4993/1.4947
AceTrader - Best Intra-day Forex Trading Strategies
AUD/USD Daily Market Outlook by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.9165
Last Update At 12 Mar 2010 09:09 GMT
As aussie has risen again after finding renewed
buying around 0.9150/54, suggesting upside bias is
still seen for re-test of Wednesday's high of 0.91
93 n abv wud extend recent erratic upmove fm 0.8578
to 0.9200 but reckon 0.9224 wud cap upside.
Trade fm long side with now as indicated, break
wud prolong choppy trading n risk 0.9111 again.
Range Forecast
0.9155 / 0.9193
Resistance/Support
R: 0.9193/0.9224/0.9255
S: 0.9140/0.9111/0.9086
AceTrader - Best Intra-day Forex Trading Strategies
AUD/USD Daily Market Outlook by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.9147
Last Update At 15 Mar 2010 06:14 G
As aud has continued to edge lower after early
resumption of recent upmove to 0.9209 (NZ/AUD), sug
gesting further weakness to 0.9111 is seen after
minor consolidation, however, steep decline below
there is not likely ahead of European opening.
Trade fm short side with stop now as indicated,
abv wud risk 0.9180/85 b4 'down'.
Range Forecast
0.9125 / 0.9165
Resistance/Support
R: 0.9209/0.9224/0.9255
S: 0.9111/0.9086/0.9056
AceTrader - Best Intra-day Forex Trading Strategies
GBP/USD Daily Market Outlook by AceTrader
INTRA-DAY GBP/USD: 1.5056
Last Update At 16 Mar 2010 04:40 GMT
Although cable has edged higher in tandem with
euro in Asian morning trading, as 1.5073 has capped
recovery, consolidation with downside bias remains
for re-test of y'day's 1.5019 low but below needed
to extend weakness to 1.4980 later today.
Hold short n only abv 1.5087 wud risk stronger
retrace. of y'day's fall fm 1.5218 twd 1.5118/23.
Range Forecast
1.5040 / 1.5070
Resistance/Support
R: 1.5089/1.5123/1.5173
S: 1.5019/1.4993/1.4947
AceTrader - Best Intra-day Forex Trading Strategies
USD/JPY Daily Market Outlook by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY
USD/JPY : 90.56
Last Update At 17 Mar 2010 05:15 GMT
Although dlr's strg rebound after brief dip to
90.02 after BOJ kept rate unchanged, as outlook is
still consolidative, reckon y'day's 90.74 high shud
cap present upmove n yield subsequent retreat twd
89.97/02, below brings further weakness to 89.63.
Stand aside n hold short for day trade. Abv 90.
74 defers but Monday's 91.09 wud remain intact.
Range Forecast
90.40 / 90.70
Resistance/Support
R: 90.74/90.97/91.09
S: 89.97/89.63/89.45
AceTrader - Best Intra-day Forex Trading Strategies