Intraday trading signal - page 208
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AceTraderFx Nov 10: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
11 Nov 2015 2:02GMT
GBP/USD - ....... Despite edging lower to session low at 1.5092 in European morning, the British pound rose briefly to intra-day high at 1.5146 at New York open before easing.
Cable met renewed buying at 1.5102 n continued to ratchet higher in late New York before rising sharply in Asian morning to 1.5186, helped by cross-buying of sterling vs euro.
Pay attention to the release of UK unemployment data at 09:30GMT. Street forecast for claimant count is 1.5K vs previous reading of 4.6K whilst unemployment rate is expected to remain unchanged at 5.4%.
Bids are now raised to 1.5130/40 and more below at 1.5110/20 with stops building up below there whilst initial offers are seen at 1.5200/10, suggesting buying on dips for near term gain is the way to go.
AceTraderFx Nov 11: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 11 Nov 2015 01:17 GMT
EUR/USD - 1.0739
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, then lower 1.0674 yesterday 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 11: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 11 Nov 201508:48 GMT
USD/JPY - 123.15
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 12: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
12 Nov 2015 01:17GMT
USD/JPY - ........ The greenback rose from session low at 122.74 in Asia to intra-day high at 123.21 in European morning, however, the dlr pared its gains and retreated to 122.85 at New York midday, then marginally lower to 122.83 in late New York.
Price continued to remain under pressure n dropped to 122.74 ahead of Tokyo open on dlr's broad-based weakness. Later, the pair found renewed support there and rebounded to 122.88 in Tokyo morning on broad-based selling of jpy.
U.S. will release its jobless claims at 13:30GMT. Street forecast is for a decrease to 270K from previous reading of 276K. An upbeat data would further bolster the case of a December rate hike, following last Fri's robust jobs report.
Later, attention will shift to Fed Chair Yellen's speech at 14:30GMT at the Fed's policy conference. Traders should be on the lookout for the language used by her, regarding the timing of the first rate hike.
Offers are now seen at 122.90/00 and more above at 123.10/20 with stops building up above there whilst initial bids are noted at 122.40/50, suggesting selling for near term weakness is favored but position traders should look to buy on further pullback.
Data to be released on Thursday:
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.
AceTraderFx Nov 12: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
12 Nov 2015 02:22GMT
GBP/USD - ........ Despite yesterday's brief retreat from Asian high at 1.5186 to 1.5134 in European morning, the British pound found renewed buying there and rose after data showed a drop in UK unemployment.
Cable continued to ratchet higher gained to 1.5220 in North American session and then higher to 1.5247 in Asian morning today before easing off.
Since there is no major eco. data due today, price is likely to track euro's intra-day movements with bids seen at 1.5190/00 and more below at 1.5170/80 with stops building up below there whilst offers are noted at 1.5250/60, suggesting near term upside bias would be seen.
AceTraderFx Nov12: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 12 Nov 2015 08:31 GMT
USD/JPY - 123.01
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 13: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
13 Nov 2015 01:50GMT
USD/JPY - ...... Dlr finally pares initial loss after extending yesterday's decline caused by broad-based weakness in the greenback in New York session to 122.55 near Thursday's close and hit a marginal low of 122.50 as the Nikkie lower following o/n weakness in the Dow, however, traders bought the pair when the N225 index staged a recovery.
Looks like a minor low has been made and sideways trading is in store in Asia morning but offers at 123.00/10 area should cap intra-day rebound, suggesting selling the dlr on further recovery is recommended.
Bids are noted at 122.55/50 with stops now touted below there, however, more buying interest is reported near 122.35-30.
Pay attention to key U.S. retail sales later today, market is looking for Oct monthly retail sales to come in at 0.3% vs previous reading of 0.1%. A robust number wud trigger another bout of usd buying whilst a disappointed figure shud meet renewed renewed selling.
Data to be released on Friday:
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, euro zone trade data, GDP flash, and U.S. retail sales, PPI and business inventories.
AceTraderFx Nov 13: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
13 Nov 2015 02:13GMT
GBP/USD - ...... Despite eur's intra-day rally in New York morning and afternoon sessions, cable only manage to stage a rebound from European low of 1.5174 to 1.5214, just shy of Thursday's Asian peak of 1.5247 as dovish comments by BoE Chief Economist Andy Haldane (see 01:06GMT update) dampened bullish sentiment on the pound.
Although choppy trading inside 1.5247-1.5174 range is expected, cable may track intra-day price swings in the euro as no U.K. data is due out today.
Offers are noted at 1.5235-45 with stops reported above 1.5255, initial bids are touted at 1.5200-90 and more below with stops below 1.5170.
AceTraderFx Nov13: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 13 Nov 2015 09:29 GMT
USD/JPY - 122.77
Although yesterday's intra-day breach of support at 122.74 signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 123.30/40 may be seen, reckon 122.00 (previous resistance, now support) would contain weakness and daily bullishness remains for another rise 'later'.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
AceTraderFx Nov 16: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
16 Nov 2015 01:29GMT
USD/JPY- ........ Despite the greenback's rise to session high at 122.99 in New York afternoon on Friday, price retreated sharply to around 122.60 near New York close.
Dlr opened significantly lower in New Zealand today and dropped to intra-day low at 122.21 on broad-based buying of yen on risk aversion, following Friday's Paris attacks.
However, the pair pared its losses and staged a strong short-covering rebound to 122.61 on speculation that the BoJ will announce new easing measures after data showed Japan's economy slid back into recession in July-September.
Offers have now been raised to 122.60/70 and more above at 122.80/90 with stops building up above there whilst initial bids are seen at 121.90/00, suggesting initial upside would be seen but traders should look to sell on pullback for subsequent weakness.
Data to be released:
New Zealand retail sales, U.K. Rightmove house price index, Japan GDP, euro zone inflation, U.S. NY empire state manufacturing index, and Canada manufacturing sales on Monday.
Australia RBA meeting minutes, New Zealand inflation expectation, Italy trade balance, U.K. CPI, PPI, RPI, Germany ZEW reports, euro zone ZEW economic sentiment, U.S. CPI, Redbook, capacity utilization, industrial output and NAHB housing market index, net L-T Flows, net capital flows on Tuesday.
Australia wage price index, China house prices, Swiss investor sentiment, Canada housing starts, U.S. building permit and housing start, FOMC minutes Wednesday.
New Zealand producer prices, PPI output, Japan export import trade balance, BoJ rate decision and press conference, industry activity index, Swiss trade balance, export, import, EU current account, U.K. retail sales, CBI trends, U.S. jobless claims, Philly Fed Business index, leading index and Canada wholesale trade on Thursday.
Japan BoJ economic survey, Germany producer prices, U.K. public sector net borrowing, Canada CPI and EU consumer confidence flash on Friday