Intraday trading signal - page 207
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AceTraderFx Nov 6: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
06 Nov 2015 01:03GMT
USD/JPY- ......... The greenback rose from Asian low at 121.39 to intra-day high at 122.01 at New York open, however, price pared its gains and retreated to 121.52 at New York midday, weighed down by the release of mildly downbeat U.S. jobless claims. Later, dlr staged a rebound to 121.80 in New York afternoon before retreating again and remaining under pressure at Tokyo open.
Market focus is now solely on the release of U.S. jobs report. Street forecast of non-farm payroll is for an increase to 180K from previous reading of 142K whilst unemployment rate is expected to remain unchanged at 5.1%. An upbeat employment report would further boost the case of a December rate hike n send the dlr higher.
Bids are now seen at 121.40/50 and more below at 121.10/20 with stops building up below there whilst initial offers are noted at 122.10/20, suggesting choppy trading would be seen ahead of the jobs report release.
Data to be released on Friday:
Australia AIG construction index, Japan leading indicator, Germany industrial output, France budget balance, trade reports, U.K. Halifax house price, industrial output, manufacturing output, trade balance, U.S. non-farm payrolls, unemployment rate, average earnings, and Canada building permits, employment change, unemployment rate.
AceTraderFx Nov 6: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
06 Nov 2015 09:36GMT
GBP/USD - ........ Cable came under renewed selling pressure after recovering from o/n New York low at 1.5204 to 1.5220 in Asia and then fell to 1.5164 in European morning before staging a brief bounce to 1.5179 following the release of a mixed batch of UK economic data.
National Statistics said on Friday that U.K. trade balance rose to a seasonally adjusted -9.35 bln pounds in September, from -10.79 bln pounds in the preceding month whose figure was revised up from -11.15 bln pounds.
Separately, National Statistics said that U.K. manufacturing production rose to a seasonally adjusted 0.8% in September, from 0.4% in the preceding month whose figure was revised down from 0.5%, whilst U.K. industrial production fell more than expected to a seasonally adjusted -0.2% in the same period, from 0.9% in August whose figure was revised down from 1.0%.
AceTraderFx Nov 9: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
09 Nov 2015 01:02GMT
USD/JPY- ........ The greenback rallied to as high as 123.27 at New York midday on Friday after the release of an upbeat U.S. jobs report increased speculation that the Fed will raise its rates in December this year. Dlr opened higher to 123.36 in New Zealand n continued to trade with a firm undertone in Tokyo morning.
Since there is no major eco. data due today, traders in Asia and Europe are likely to trade the buck on Friday's jobs report. Bids are seen at 122.90/00 and more below at 122.70/80 with stops building up below there whilst initial offers are noted at 123.50/60, suggesting upside bias would be seen.
Data to be released next week:
Germany imports, exports, trade balance, EU Sentix index, Canada housing starts and U.S. employment trends on Monday.
Japan current account, economy watcher poll, Australia housing finance, invest housing finance, business condition, business confidence, China CPI, PPI, Swiss unemployment rate, France industrial output, Italy industrial output, U.S. business optimism, export prices, import prices, Redbook, wholesale inventories and wholesale sale on Tuesday.
China urban investment, industrial output, retail sales, U.K. average earning, claimant count unemployment change, unemployment rate, mortgage market index and mortgage market refinance index on Wednesday.
New Zealand manufacturing PMI, Japan corp goods price, machinery orders, U.K. housing survey, Australia employment, unemployment rate, Germany CPI final, HICP final, France CPI, current account, inflation ex-tobacco, EU industrial production, Canada new housing price index and U.S. Federal budget on Thursday.
Japan capacity untilisation index change, industrial output, France GDP preliminary, non-farm payrolls, Germany GDP flash, Swiss producer import price, Italy GDP Prelim, consumer prices, CPI, EU Eurostat trade, GDP flash, U.S. retail sales ex-auto, retail sales ex-gas/auto, retail sales and business inventories on Friday.
AceTraderFx Nov 9: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
09 Nov 2015 02:00GMT
GBP/USD- ....... The British pound tumbled in tandem with euro to 1.5029 at New York open on Friday post U.S. jobs report release and despite a brief rebound to 1.5087, price met renewed selling and dropped to session low at 1.5027 in New York afternoon.
However, cable pared its losses and staged short-covering recovery to 1.5065 in New Zealand today and continues to trade with a firm undertone.
Since there is no major eco. data due today, price is likely to track euro's intra-day movements closely.
Offers are seen at 1.5080/90 and more above at 1.5100/10 with stops building up above there whilst initial bids are noted at 1.5010/20, suggesting selling on pullback for another decline today is the way to go.
AceTraderFx Nov 9: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 09 Nov 2015 01:14 GMT
EUR/USD - 1.0737
The single currency's selloff to as low as 1.0707 on dollar's broad-based strength on Friday after the release of an upbeat U.S. jobs report signals erratic decline from 1.0715 remains in progress and consolidation with downside bias remains for weakness towards 1.0660/70.
However, over sold condition would keep price well above 1.0620/30 and yield a much-needed correction later this week.
On the upside, only above 1.0834 would be the first signal that a temporary low has been made and turn outlook bullish for a stronger retracement towards 1.0898/00.
AceTraderFx Nov 10: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
10 Nov 2015 01:05GMT
USD/JPY- ...... Although the greenback resumed its recent ascent and rose to session high at 123.61 in European morning, price pared its gains and retreated to intra-day low at 122.97 in New York afternoon on profit-taking and due to the selloff in U.S. equities. Dlr staged a rebound to 123.19 at Tokyo open but renewed selling interest there capped intra-day gain and price fell once again.
U.S. will release a slew of data today, ranging from export n import price index to wholesale inventories and sales. On the whole, the release of better-than-expected data would further strengthen the case of a Fed rate hike in December this year.
Bids are now seen at 122.80/90 and more below at 122.60/70 with stops building up below there whilst initial offers are noted at 123.60/70, suggesting choppy trading would be seen for the time being.
Data to be released on Tuesday:
Japan current account, economy watcher poll, Australia housing finance, invest housing finance, business condition, business confidence, China CPI, PPI, Swiss unemployment rate, France industrial output, Italy industrial output, U.S. business optimism, export prices, import prices, Redbook, wholesale inventories and wholesale sale.
AceTraderFx Nov 10: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
10 Nov 2015 2:01GMT
GBP/USD - ........ The British pound also gained some respite on Monday and rose to 1.4115 in European morning on short-covering, then higher to session high at 1.5129 in New York session, helped by cross-buying of sterling vs euro before easing.
Cable continued to trade with a firm undertone in Australia and Asia today and gained to 1.5124 before retreating.
Traders are now awaiting the inflation report hearing at 09:00GMT, which will provide a greater insight into the country's economic outlook and as to when the Bank of England will look to raise its rates.
Offers have been raised to 1.5140/50 and more above at 1.5170/80 with stops building up above there whilst initial bids are noted at 1.5070/80, suggesting choppy trading would be seen ahead of the inflation report.
AceTraderFx Nov 10: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 10 Nov 2015 01:44 GMT
EUR/USD - 1.0752
The single currency's selloff to as low as 1.0704 (Reuters) on dollar's broad-based strength on Friday after the release of very upbeat U.S. jobs report signals erratic decline from 1.0715 remains in progress and consolidation with downside bias remains for weakness towards 1.0660/70.
However, over sold condition would keep price well above 1.0620/30 and yield a much-needed correction later this week.
On the upside, only above 1.0834 would be the first signal that a temporary low has been made and turn outlook bullish for a stronger retracement towards 1.0898/00.
AceTraderFx Nov 10: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 10 Nov 2015 08:21 GMT
USD/JPY - 123.28
The greenback's resumption of recent uptrend to a fresh 10-week peak at 123.61 on Monday on the back of Friday's release of upbeat U.S. jobs report suggests consolidation with upside bias remains for gain towards 123.79/80, then 124.00/01. However, over bought condition would prevent sharp move beyond there and risk would increase for a much-needed correction later this week.
On the downside, only below 122.69 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 122.38/40.
AceTraderFx Nov 11: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
11 Nov 2015 01:18GMT
USD/JPY - ....... Despite edging up to session high at 123.44 in New York morning yesterday, failure to penetrate Monday's high at 123.61 triggered profit-taking and price retreated to 123.05 in New York afternoon before recovering.
However, renewed pressure at 123.29 sent the pair lower and dlr fell further in Tokyo morning to 122.83, due partly to the initial retreat in Nikkei-225 index.
There is no eco. data due from U.S. today as markets will be closed for Veterans day holiday, hence trading is likely to be thin with bids now lowered to 122.60/70 and some more below at 122.40/50 with stops building up below there whilst initial offers noted at 123.40/50.
Data to be released on Wednesday:
China urban investment, industrial output, retail sales, U.K. average earning, claimant count unemployment change, unemployment rate, mortgage market index and mortgage market refinance index. It is Veterans Day in U.S. and Remembrance Day in Canada on Wednesday.