Intraday trading signal - page 197
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AceTraderFx Sept 25: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
25 Sep 2015 01:35GMT
EUR/USD- .... Euro is currently not far from where it was trading at 24 hours ago but price swung wildly in hectic Thursday's session.
Although short-term specs sold euro initial in Asia yesterday, renewed buying a 1.1165 contained weakness and price ratcheted higher to 1.1223 in European morning before moving higher at European midday as surprised rate cut by Norwegian central bank triggered broad-based euro buying (vs gbp esp.).
Intra-day rise accelerated after 1.1223 res was penetrated, price rallied to as high as 1.1296 in New York morning before seller returned and price fell ahead of Euroepan close, falling to 1.1216 and despite a minor recovery, euro tumbled to 1.1160 after Fed chair Yellen's hawkish comments.
Yesterday's selloff from 1.1296 suggests correction from this week's 1.1105 (Wed) low has ended and selling on intra-day recovery is the way to go. Offers are tipped at 1.1190/00 n more above with some stops above 1.1235. Initial bids are noted at 1.1160-50 and more below with a mixture of bids and stops at 1.1105/00.
France will release consumer confidence at 06:45GMT, then Bundesbank President and ECB Governing Council Board member Jens Weidmann is due to speak at 07:00GMT, and at 08:00GMT, Italy will release wage inflation data.
AceTraderFx Sept 29: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
29 Sep 2015 01:02GMT
USD/JPY - ...... The greenback continued to edge lower throughout Asia n Europe yesterday, eventually falling to session low at 119.69 in New York morning on dlr's broad-based weakness due to dovish comments from Fed's Evans together with a 300+ points drop in DJI.
Dlr met renewed selling at 120.01 in Australia today and fall sharply to 119..60 at Tokyo open as Nikkei-225 index tumbled by over 2% in early trade.
Reuters reported, Chicago Fed President Charles Evans, while answering questions at Marquette University, said Fed should leave interest rates near zero longer than planned and take an "extra patient approach" to tightening policy due to the risk that inflation will not rebound as quickly as expected. He also added 'Federal Reserve would need to deliver more stimulus "if things were to weaken very much.'
Pay attention to U.S. consumer confidence at 14:00GMT today. Street forecast is for a drop to 96.0 from previous reading of 101.5.
Offers have now been lowered to 119.90/00 and more above at 120.10/20 with stops building up above 120.40 whilst initial bids are noted at 119.10/20, suggesting selling the buck on recovery is still favored.
Data to be released on Tuesday:
UK Rightmove housing price, CBI distributive trades, euro zone consumer confidence, industrial sentiment, and service sentiment, Germany inflation reports, Canada producer prices, U.S. consumer confidence.
AceTraderFx Sept 29: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 29 Sep 2015 02:17 GMT
EUR/USD - 1.1254
Despite Friday's intra-day weakness to 1.1116 in European morning, subsequent erratic climb back to 1.1248 in New York afternoon on Monday suggests further 'choppy' trading above last Wed's 2-1/2 week trough at 1.1105 would continue and marginal gain twd 1.1260/70 can't be ruled out, reckon euro's upside would falter well below last week's peak at 1.1296 (Thursday) and yield another decline.
Look to sell euro on intra-day rise and below 1.1150/60 would encourage for weakness twd 1.1116 but break of 1.1105 needed to bring re-test of September's bottom at 1.107 later this week.
AceTraderFx Sept 29: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
29 Sep 2015 01:36GMT
GBP/USD - ..... Despite a rise to session high at 1.5241 in European morning yesterday, the British pound met renewed selling and dropped to 1.5158 in New York morning on active-cross selling of sterling especially vs euro.
Later, cable briefly recovered to 1.5212 before falling again to 1.5165 in New York afternoon, then 1.5160 in Asian morning.
Although UK is set to release a number of eco. data today including house prices, mortgage approvals and CBI distributive trades, market focus will be on BoE Governor Mark Carney's speech at 19:40GMT at Lloyds London.
Though it is expected he won't divulge any policy secrets, one should pay attention to the language used by him on the central bank's future path regarding rates.
Offers are now seen at 1.5180/90 and more above at 1.5210/20 with stops building up above 1.5240 whilst initial bids are noted at 1.5110/20, suggesting selling cable on recovery for a resumption of recent downtrend is the way to go.
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AceTraderFx Sept 29: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
29 Sep 2015 08:53GMT
USD/JPY - ...... Although dlr remained under pressure in Asia due to active risk-aversion buying of yen on selloff in Asian stocks and fell to 119.25 in European morning, short-covering and the recovery in Nikkie futures lifted price sharply higher to 120.05.
At present, bids are reported at 119.70-60 and more around 119.40 with stop just below 119.20, whilst offers are noted at 120.30-40 and 120.60-70 with stops above there.
AceTraderFx Sept 29: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time:29 Sep 2015 09:02 GMT
USD/JPY - 119.91
Despite the greenback's selloff to 119.25 today, subsequent rebound suggests further choppy trading above September's low at 118.60 would continue with mild upside bias and gain towards 120.66 is likely to be seen, break would extend towards 120.99.
However, last Friday's high at 121.24 should remain intact and yield retreat later.
On the downside, only below 119.25 would revive bearishness for weakness to 119.06, below would indicate near term decline from 121.35 has resumed and extend to 118.86 but aforesaid September's low should remain intact.
AceTraderFx Sept 30: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
30 Sep 2015 00:40GMT
USD/JPY- ...... Despite yesterday's initial fall to 119.25 at European open, the greenback rose to 120.05, then session high at 120.16 in New York morning on broad-based selling of jpy as some calmness returned to the mkts following Monday's rout in stock mkts n as U.S. consumer confidence rose in Sep.
Later, dlr retreated to 119.53 in late New York afternoon, however, renewed support there lifted the pair n price rose to 120.02 at Tokyo open, helped by release of downbeat Japan data (see prev. MMN).
Pay attention to the release of U.S. ADP jobs report at 12:15GMT. Street forecast is for 194K vs previous reading of 190K. Investors shud also keep a keen eye on headlines coming fm Fed Chair Yellen's opening remarks at a conference later today at 19:00GMT.
Bids are now raised to 119.80/90 and more below at 119.50/60 with stops building up below there whilst initial offers are noted at 120.50/60, suggesting buying on intra-day dips is the favored strategy.
Data to be released on Wednesday:
New Zealand building consents, NBNZ business outlook, Japan industrial reports, retail sales, housing starts, construction orders, Australia building approvals, private sector credit, UK Gfk consumer confidence, Nationwide house price, current account, GDP, France consumer spending, producer price, Switzerland KOF indicator, Germany unemployment reports, Italy unemployment rate, inflation reports, producer prices, U.S. ADP national employment, Chicago PMI, and Canada GDP.
AceTraderFx Sept 30: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
30 Sep 2015 01:52GMT
GBP/USD - ...... Despite a brief rise to session high at 1.5205 in tandem with euro in European morning, the British pound resumed its recent losing streak and dropped to intra-day low at 1.5128 in New York morning. Price staged a recovery to 1.5171 at New York midday.
However, renewed selling there sent the pair back down and cable continues to remain under pressure in Asian morning.
Investors are keenly awaiting the release of UK GDP QQ and YY at 08:30GMT. Street forecasts are 0.7% and 2.6%. The release of these figures will give a clearer idea about the path the BoE could take in terms of its rate setting policy.
Offers are now seen at 1.5170/80 and more above at 1.5190/00 with stops building up above 1.5210 whilst initial bids are noted at 1.5100/10, suggesting selling on recovery for a resumption of recent downtrend is still favored.
AceTraderFx Sept 30: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 30 Sep 2015 01:33 GMT
EUR/USD - 1.1252
Despite Friday's intra-day weakness to 1.1116 in European morning, subsequent erratic climb back to 1.1248 in New York afternoon on Monday suggests further 'choppy' trading above last Wed's 2-1/2 week trough at 1.1105 would continue and marginal gain twd 1.1260/70 can't be ruled out, reckon euro's upside would falter well below last week's peak at 1.1296 (Thur) and yield another decline.
Look to sell euro on intra-day rise and below 1.1150/60 would encourage for weakness twd 1.1116 but break of 1.1105 needed to bring re-test of Sep's bottom at 1.107 later this week.