Intraday trading signal - page 181
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AceTraderFx Jul 30: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 30 Jul 2015 08:24 GMT
USD/JPY - 124.17
Although dollar's stronger rebound from Monday's low at 123.01 and then intra-day break of resistance at 124.19 confirms correction from last week's 5-week top at 124.48 has ended there and choppy trading with upside bias remains, above said temporary high would yield resumption of early up-move from 120.42 (July) to towards 125.00/07 which is likely to hold today due to near term overbought condition.
On the downside, below 123.80 (previous resistance, now support) would prolong choppy trading but support at 123.01 should remain intact.
AceTraderFx Jul 31: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 31 Jul 2015 01:07 GMT
EUR/USD - 1.0936
Euro's decline from this week's high of 1.1129 (Monday) to as low as 1.0894 yesterday signals correction from July's 12-week bottom at 1.0808 has ended there and as long as 1.1122 (previous support, now resistance) holds, consolidation with downside bias remains, a daily close below 1.0869 would retain bearishness for a re-test of 1.0808 next week.
On the upside, only a move back above 1.1122 would prolong choppy trading but price should falter below 1.1080 (post-FOMC high on Wed) and yield another fall.
AceTraderFx Jul 31: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
31 Jul 2015 08:06GMT
EUR/USD - ...... Although investors shrugged off the release of unexpectedly fall in Germany's retail sales last month and lifted price from 1.0928 to 1.0967 shortly after European morning, renewed selling interest quickly emerged there and knocked price lower to 1.0921 before recovering.
At present, investors are awaiting to the release of euro zone's inflation and unemployment, Italy's inflation reports and producer prices at 09:00GMT.
Bids are noted 1.0910/05 with mixture of bids and stop at 1.0900-1.0890 and around 1.0870.
On the upside, offers from various accounts are touted at 1.0970-80 and more at 1.0990-00 with stops building up above 1.1000.
AceTraderFx Jul 31: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time:31 Jul 2015 08:10 GMT
USD/JPY - 124.22
Although dollar has retreated after yesterday's rise above previous July's peak at 124.48 to a fresh 7-week high of 124.58, intra-day rebound after a brief fall to 123.91 in Asia suggests said pullback has ended and upside bias remains for upmove from July's bottom at 120.42 to resume and yield further gain to further headway to 125.00/07 later.
On the downside, only below 123.80 (previous resistance, now support) would indicate a temporary top is made and shift risk to downside for a retracement to 123.55 and then 123.33 before recovery occurs.
AceTraderFx Aug 3: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:03 Aug 201501:01 GMT
EUR/USD- 1.0980
Euro's strong retreat to 1.0965 in NY session on Friday after early intra-day brief rally to 1.1114 signals further choppy trading below last week's top at 1.1129 would continue and with mild downside bias.
However, break of 1.0894 (reaction low on Thursday) needed to indicate correction from July's 12-week trough at 1.0808 has ended and yield weakness towards this support later this week.
On the upside, only a move back above 1.1114 would bring re-test of 1.1129, break would shift risk to upside for stronger retracement of early erratic fall from 1.1467 (May) towards 1.1216.
AceTraderFx Aug 3: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
03 Aug 2015 02:00GMT
USD/JPY - ..... Although dlr fell sharply from 124.38 to 123.52 in Friday's NY morning after data showed that U.S. wage growth for the Q2 increased by the lowest level in more than 30 years, buying interest quickly emerged there and price later climbed back to 124.03 near NY close following the 'hawkish' comments from St. Louis Federal Reserve President James Bullard, then marginally higher to 124.12 at Asian open on Monday before retreating.
Today, as market's speculation of further weakening in yen would continue after comments from BoJ Governor Kuroda who said that he didn't intend to draw any "line in the sand" for the dollar/yen, buying the pair on dips is recommended.
Having said, investors should pay attention to the release of a slew of U.S. eco. data later in NY morning, this includes the PCE index, personal income, personal consumption, construction spending and ISM manufacturing PMI.
In addition, Federal Reserve Board Governor Jerome Powell will speak on "The Structure and Liquidity of Treasury Bond Markets" before the Brookings Institution "Are There Structural Issues in the U.S. Bond Markets?" Conference at 14:50GMT.
At the moment, bids are placed in 123.80-123.60 region and around 123.50 with buying interest from various accounts at 123.30-20.
On the upside, offers are tipped at 124.20-30 and more at 124.35/40 with mixture of offers and stops at 124.50-60.
This week will see the release of Australia's HIA new home sales, Japan's manufacturing PMI, U.K. Nationwide house prices, Swiss manufacturing PMI, Germany's, eurozone and U.K. Markit manufacturing PMI respectively, U.S. PCE price index, construction spending and ISM manufacturing PMI on Monday.
Australia's retail sales, trade balance, RBA rate decision and policy statement, U.K. Markit construction PMI, eurozone producer prices, U.S. Redbook, Canada's RBC manufacturnig PMI, U.S. ISM, durable goods and factory orders on Tuesday.
New Zealand's HLFS unemployment rate and labour cost index, China's Caixin services PMI, Swiss CPI, Germany's, eurozone and U.K. Markit services PMI respectively, eurozone retail sales, U.S. ADP National employment, Canada's exports, imports and trade balance, U.S. ISM non-manufacturing PMI on Wednesday.
Australia's unemployment rate, Japan's leading indicator, Swiss consumer confidence, Germany's industrial orders, U.K. industrial and manufacturing output, BOE MPC vote outcome and rate decision on Thursday.
Australia's housing finance, Swiss unemployment rate, Germany's exports, imports, trade balance and industrial output, U.K. goods trade balance, Canada's unemployment rate, building permits, employment change and Ivey PMI, U.S. average earnings, non-farm payrolls and unemployment rate on Friday.
AceTraderFx Aug 3: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
03 Aug 2015 07:37GMT
EUR/USD - 1.0975... Although euro staged a bounce from 1.0966 to 1.0996 shortly after European open, price edged lower to 1.0974 as fall of Greek ATG equity index weighed on demand for the single currency (The Athens General Index is currently down more than 20% on its reopening on Monday after a 5-week closure).
Investors are now awaiting the release of mfg PMI from France, Germany and euro zone at 07:50GMT, 07:55GMT and 08:00GMT respectively.
As mentioned previously, order board is pretty thin with some bids noted 1.0930-1.0920 and stops below there, more stops are touted below 1.0890.
On the upside, offers from various accounts are tipped in 1.1020-30 region and more at 1.1040-50 with stops building up above 1.1080.
AceTraderFx Aug 3: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 03 Aug 2015 08:19 GMT
USD/JPY - 124.13
Although dollar's rebound after Friday's intra-day sell-off from 124.38 to 123.52 suggests the first leg of correction from last Thursday's 7-week peak at 124.58 has ended there, as long as said resistance at 124.38 holds, choppy trading with downside bias remains but only below 123.52 would bring stronger retracement of early upmove from 120.42 (July) towards 123.01.
On the upside, a daily close above 124.58 would yield further gain towards 125.00/07 but price should falter well below June's 13-year peak at 125.86 ahead of Friday's key U.S. jobs data.
AceTraderFx Aug 4: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:04 Aug 2015 00:59 GMT
EUR/USD - 1.0932
Euro's strong retreat to 1.0965 in NY session on Friday after early intra-day brief rally to 1.1114, then marginal weakness to 1.0941 yesterday signals further choppy trading below last week's top at 1.1129 would continue and with mild downside bias.
However, break of 1.0894 (reaction low on Thursday) needed to indicate correction from July's 12-week trough at 1.0808 has ended and yield weakness towards this support later.
On the upside, only a move back above 1.1114 would bring re-test of 1.1129, break would shift risk to upside for stronger retracement of early erratic fall from 1.1467 (May) towards 1.1216.
AceTraderFx Aug 4: Daily Technical Outlook & Trading GBP/USD
DAILY GBP/USD TECHNICAL OUTLOOK
Last Update At 04 Aug 2015 00:39GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
1.5596
55 HR EMA
1.5603
Trend Hourly Chart
Sideways
Hourly Indicators
Falling
13 HR RSI
39
14 HR DMI
-ve
Daily Analysis
Choppy consolidation to continue
Resistance
1.5691 - Wed's high
1.5679 - Last Fri's high
1.5645 - Y'day's high
Support
1.5549 - Last Fri's low
1.5528 - Last Tue's low
1.5490 - Last Mon's low
. GBP/USD - 1.5580... Cable went through a roller-coaster session y'day following Fri's strg bounce fm 1.5549 to 1.5679. Despite staging a recovery to 1.5645 in Europe, price fell to 1.566 b4 rebounding to 1.5624 in NY morning.
. On the bigger picture, despite cable's erratic rise fm 2015 near-5 year bottom at 1.4566 to 1.5930 in Jun, subsequent retreat to 1.5330 last month signals a temporary high has been made. Having said that, the pound's strg rebound to 1.5676, then 1.5691 last week suggests 'choppy' sideways move is in store n gain to 1.5701 (61.8% r of 1.5930-1.5330) can't be ruled out, as long as pivotal res at 1.5789 holds, downside bias remains for another fall. A daily close below 1.5467 indicates recovery fm 1.5330 is over n re-test of this level would follow but break there needed to turn outlook bearish for resumption of aforesaid decline fm 1.5930 to 1.5170 in late Aug. Abv 1.5789 any time aborts this bearish scenario on cable n risks gain twd 1.5930.
. Today, although y'day's intra-day gyrations inside indicated Fri's 1.5549-1.5679 range suggests choppy sideways trading would continue, below 1.5549 would bring stronger retracement of early rise fm 1.5330 to 1.5490/00 later.