Intraday trading signal - page 195
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AceTraderFx Sept 18: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 18 Sep 201508:21 GMT
USD/JPY - 119.51
The greenback's selloff to 119.69 yesterday, then intra-day decline to 119.35 following yesterday's dovish statement from the Federal Reserve suggests further choppy trading inside recent broad range of 116.15-121.74 would continue with downside bias and weakness towards 119.22, then 118.86 would be seen.
However, support at 118.60 should remain intact and yield recovery early next week.
On the upside, only above 120.42 would indicate a temporary low has been made and turn outlook bullish for a stronger retracement towards 120.99.
AceTraderFx Sept 21: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 21 Sep 2015 01:54 GMT
EUR/USD - 1.1305
Euro's near term reversal from a 3-week peak of 1.1460 (European high) to as low as 1.1267 and New York session on Friday due to broad-based buying in the usd confirms euro's recent erratic upmove from September's 1.1087 low has formed a top there and consolidation with downside bias is in store in next few days.
Expect 1.1350/60 to cap intra-day recovery and yield further weakness towards 1.1214.
However, near term oversold condition should prevent steep fall today and reckon minor sup at 1.1172 would remain intact and bring subsequent rebound.
AceTraderFx Sept 21: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
21 Sep 2015 02:13GMT
USD/JPY - ..... Japanese financial markets are closed for Respect for the Aged Day holiday today and Tue including Wednesday are also national holidays too. However, we have seen intra-day price swings in thin market condition on Monday.
The pair opened lower (119.79) in NZ following Friday's strong rally from 119.06 to as high as 120.04 and briefly climbed to 120.22 after tripping light stops above 120.05/10. However, price soon retreated due to lack of follow-through buying and decline extended to 119.78 in Asian morning.
Looks like the said intra-dy high print is here to stay, at least until European traders come in and range trading is expected to continue. However, dlr's rally in NY session Friday suggests buying the pair on dips is recommended. Bids are noted at 119.80-70 and more below with some stops touted below 119.40.
Offers are tipped at 120.10/20 and more above with stops reported above 120.45.
Data to be released this week:
Germany producer price index, Canada wholesale sales, U.S. existing home sales on Monday. Japan Respect-for-the-Aged Day Bank Holiday.
Australia house price index, China CB leading economic index, Switzerland trade reports, UK public sector net borrowing, CBI industrial trend survey, U.S. Redbook, housing price index, Richmond Fed manufacturing index, euro zone consumer confidence on Tuesday. Japan bank holiday.
Australia CB leading indicator, financial stability review, RBA annual report, China Caixin manufacturing PMI, Markit manufacturing PMI and Service PMI for France, Germany, and euro zone, France GDP, Canada retail sales, Markit manufacturing PMI for U.S. on Wednesday. Japan Autumnal Equinox Day holiday.
New Zealand trade reports, Japan manufacturing PMI, all industry activity index, UK Nationwide housing price, mortgage approvals, Germany Gfk consumer confidence survey, IFO reports, euro zone target LTRO, Italy industrial orders, retail sales, U.S. jobless claims, durable goods orders, new home sales, Chicago Fed national activity index on Thursday.
Japan inflation reports, CSPI, Germany import price index, Italy wage inflation, U.S. GDP, personal consumption expenditures, Markit Service PMI and University of Michigan consumer sentiment index on Friday.
AceTraderFx Sept 21: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
21 Sep 2015 03:12GMT
GBP/USD - ..... Cable moved narrowly in lakclutre Asian morning on Monday following Friday's intra-day selloff from a fresh 3-week peak of 1.5659 (Europe) to 1.5516 in New York session due to what some termed broad-based technical rally in the USD.
Although the pound weakened in tandem with euro and fell one tick below Friday's 1.5516 low to 1.5515 ahead of Asian open, intra-day recovery lifted cable to 1.5543 in Asia, suggesting sideways trading is in store.
With no U.K. economic data due out, in fact, there are no major economic releases this week from the U.K., the pound is likely to track intra-day swings in the euro.
Order book is very light today with some bids noted at 1.5520-10 and stops touted below 1.550.
Some offers are reported at 1.5550/60 and more above with stops above 1.5590/00.
AceTraderFx Sept 21: Weekly Technical & Trading Outlook USD/CHF
WEEKLY USD/CHF TECHNICAL OUTLOOK
Last Update At 20 Sep 2015 23:25GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
0.9644
55 HR EMA
0.9651
Trend Hourly Chart
Sideways
Hourly Indicators
Rising
13 HR RSI
67
14 HR DMI
+ve
Daily Analysis
Consolidation with upside bias
Resistance
0.9825 - Sep's high (9th)
0.9764 -Last week's high (Tue)
0.9726 - Last Thur's high
Support
0.9631 - Last Fri's Aust. high (now sup)
0.9592 - Last Thur's low
0.9528 - Last Wed's 3-wek loow
. USD/CHF - 0.9692... Despite extending early fall to 0.9666 last Mon, dlr rebounded to 0.9764 n swung wildly b4 tanking to 0.9592 on Thur after Fed kept rate unchanged. Price then fell to 0.9528 b4 rising to 0.9705 in NY on Fri.
. Let's look at the bigger picture 1st, although dlr's erratic fall fm Aug's 0.9825 high signals recent strg upmove fm Aug's bottom at 0.9257 has made a top there, having said that, Fri's rally fm 0.9528 due to broad-based rebound in the greenback signals said pullback fm 0.9825 has possibly ended n consolidation with upside bias is in store, abv strg res at 0.9763/64 would add credence to this view, then re-test of 0.9825 would follow where a break there would bode well for dlr to head twd major res at 0.9903 (Aug's peak) later this month. In view of abv analysis, buying dlr on dips this week is recommended n only below 0.9592 would dampen bullish outlook, risk weakness twd 0.9528.
. Today, dlr's intra-day rally fm 0.9528 to as high as 0.9705 suggests intra-day upside bias remains for further gain after consolidation, however, as hourly indicators' readings would be in o/bot territory, res at 0.9764 (last week's high) should hold on 1st testing n yield retreat.
AceTraderFx Sept 22: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
22 Sep 2015 00:27GMT
USD/JPY - ...... The greenback has run into some profit-taking offers after yesterday's rally to 120.66 in NY morning as U.S. equities rose on reassuring comments from Fed officials over the past few days.
Price continues to remain under pressure in thin trading conditions at Asian open as Japan continues to remain closed for market holiday.
Although there is no major eco. data due today, one should keep an eye on the release of U.S. house price index mm at 13:00GMT. Street forecast is 0.4% vs previous reading of 0.2.%.
Bids have now been lowered to 120.20/30 and more below at 120.00/10 with stops building up below 119.80 whilst initial offers are noted at 120.90/00, suggesting buying on dips still remains the favored strategy.
Data to be released on Tuesday:
Australia house price index, China CB leading economic index, Switzerland trade reports, UK public sector net borrowing, CBI industrial trend survey, U.S. Redbook, housing price index, Richmond Fed manufacturing index, euro zone consumer confidence on Tuesday. Japan bank holiday.
AceTraderFx Sept 22: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 22 Sep 2015 02:11 GMT
EUR/USD - 1.1204
Euro's near term reversal from a 3-week peak of 1.1460 (European high) to as low as 1.1267 in New York session on Friday, and then further lower to 1.1181 on Monday due to broad-based buying in the USD confirms euro's recent erratic upmove from September's 1.1087 low has formed a top there and consolidation with downside bias is in store in next few days.
Expect 1.1330/40 to cap intra-day recovery and yield further weakness towards 1.1172.
However, near term oversold condition should prevent steep fall today and reckon minor sup at 1.1131 would remain intact and bring subsequent rebound.
AceTraderFx Sept 22: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
22 Sep 2015 3:00GMT
GBP/USD - ..... Deputy governor Jon Cunliffe said in a newspaper interview published on Monday that prices pressures are not building up in Britain, but the next interest rate move from the Bank of England is still likely to be up. He also said that the British economic growth was "pretty good" and was not the result of a debt-fuelled boom and that inflationary pressures remained firmly in check.
"You couldn't look at the economy now and say that there's strong upward price pressure," Cunliffe told the Journal, a regional newspaper based in Newcastle, north-east England.
"What we're not seeing is price pressure building up in the chain. With that drop in unemployment pre-crisis you would have expected to see pressure on pay much earlier. It didn't come."
He repeated the BoE's guidance that the interest rate hikes from their present record low 0.5% are likely to be gradual and limited.
BoE chief economist Andy Haldane said the BoE could need to cut interest rates as its next move in a speech he gave in Northern Ireland on Fri.
This morning despite yesterday's sharp retreat from 1.5568 to 1.5481 due to euro's selloff, the British pound found some support and pared its losses. Price rebounded to 1.5510 and continued to trade with a firm bias in early Asian trade, helped by cross-buying of sterling vs euro.
UK will release its PSNB at 08:30GMT. Street forecast is for a rise to 8.65B vs previous reading of -2.06B.
Offers have now been raised to 1.5530/40 n more above at 1.5550/60 with stops building up abv there whilst initial bids are noted at 1.5480/90, suggesting choppy trading with mild upside bias wud be seen ahead of European open.
AceTraderFx Sept 22: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 22 Sep 201508:17 GMT
USD/JPY - 120.03
Despite greenback's selloff to 119.06 in last Friday's European session, subsequent intra-day rally to 120.04 near New York close confirms signals price would continue to gyrate inside recent broad range of 116.15-121.74 and near term upside bias is seen for gain towards 121.00 but resistance at 121.34 (September 10 high) should hold on 1st testing.
On the downside, only below 119.40 would shift risk to downside for a re-test of 119.06, break would extend weakness towards 118.60 before prospect of a rebound.
AceTraderFx Sept 22: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
22 Sep 2015 08:48GMT
GBP/USD - ...... Although cable fell in tandem with euro in Asia and ratcheted lower from Asian high of 1.5529 to 1.5477 in European morning, then 1.5461 due to cross-selling in sterling vs other major currencies, renewed intra-day broad-based weakness in the greenback lifted price to 1.5481.
On the data front, The Office for National Statistics showed UK public sector net borrowing data for August increased to 11.30 bln pounds, from -2.06 bln pounds in preceding month.
At present, initial bids are noted at 1.5460-50 and around 1.5440 with mixture of bids and stops at 1.5420-10.
On the upside, offers are reported at 1.5490-00 and then 1.5520-30 with stops above there.