Intraday trading signal - page 224
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AceTraderFx Jan 15: Intra-day Market Moving News and Views GBP/USD
Intra-Day Market Moving News and Views
15 Jan 2016 03:08GMT
GBP/USD - ....... The pound gained another day of respite in Thursday's volatile session and traded above Tuesday's fresh 5-1/2 month trough of 1.4352 despite eur/gbp cross rallying to fresh 11-month high of 0.7607 and gbp/jpy tumbling to another fresh 14-month bottom of 168.84 in Europe.
Cable came under renewed selling in European morning and fell from 1.4424 to 1.4360.
However, release of less dovish-than-expected MPC minutes quickly led to broad-based short covering in sterling, the pair later ratcheted higher to 1.4445 in New York morning before coming off in tandem with eur/usd to 1.4383 in New York morning.
Cable's daily sideways swings seen in last 2 sessions suggests further choppy trading above 1.4352 would continue today, so one can trade on both sideways of the market.
Bids are noted at 1.4360-50 with stops below there, initial offers are noted at 1.4440/50 and more above with stops touted above 1.4480.
AceTraderFx Jan 18: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
18 Jan 2016 01:28GMT
USD/JPY - ........ Although the greenback fell sharply in NZ to as low as 116.58, failure to penetrate last Friday's low at 116.51 triggered short-covering and price rebounded strongly to 117.13 in Tokyo morning as BoJ Governor Haruhiko Kuroda kept an upbeat view of the country's economy during his speech earlier.
Trading is going to be relatively thin today with U.S. markets closed for Martin Luther King's birthday holiday.
Some offers are seen at 117.20/30 and more above at 117.40/50 with stops building up above there whilst initial bids are noted at 116.60/70, suggesting choppy sideways trading would be seen.
Data to be released:
Japan tertiary industry index, industrial production, capacity utilization, U.K. house price index and Italy trade balance on Monday.
New Zealand business confidence, China GDP, industrial production, retail sales, Germany Harmonised index of consumer prices, CPI, Swiss producer and import prices, Euro zone current account, inflation, construction output, economic sentiment, U.K. retail price index, producer price index, consumer price index, house price, Germany current condition, economic sentiment, U.S. housing market index, net long-term TIC flows, overall net capital flows and foreign buying T-bonds on Tuesday.
New Zealand CPI, Germany producer price index, U.K. unemployment rate, average earnings, claimant change, Swiss investor sentiment, U.S. mortgage application, CPI, building permits, housing start, Redbook, Canada manufacturing sales, wholesale trade and BoC rate decision on Wednesday.
New Zealand manufacturing PMI, Japan all industry activity index, France business climate, U.K. housing survey, Euro zone interest rate decision, consumer confidence, U.S. initial jobless claims and Philadelphia Fed survey on Thursday.
Australia Westpac consumer confidence index, Japan manufacturing PMI flash, China business sentiment indicator, France manufacturing PMI flash, Service PMI flash, Germany manufacturing PMI flash, Service PMI flash, Euro zone manufacturing PMI flash, Service PMI flash, U.K. retail sales, public sector net borrowing, U.S. Chicago Fed national activity index, manufacturing PMI, existing home sales, CB leading indicator, Canada CPI and retail sales on Friday.
AceTraderFx Jan 18: Intra-day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
18 Jan 2016 02:02GMT
EUR/USD - ....... Despite opening slightly higher, the single currency met renewed selling at 1.0938 in New Zealand and retreated to 1.0907 in Australia and continues to remain under pressure as fears surrounding China's growth continue to loom.
As there is no major eco. data due today from the region, price action will most likely be determined by stock market moves and headlines surrounding China.
Some bids are now seen at 1.0890/00 and more below at 1.0870/80 with stops building up below there, suggesting near term upside bias remains and buying on dips is still favored.
AceTraderFx Jan 18: Intra-day Market Moving News and Views GBP/USD
Intra-Day Market Moving News and Views
18 Jan 2016 03:13GMT
GBP/USD - ...... The British pound has finally gained some respite after intra-day re-test of last Friday's fresh 5-1/2 year trough at 1.4251, however, failure to penetrate this level triggered short-covering n cable recovered to 1.4275 ahead of Asian open, helped also by cross-buying of sterling vs euro.
Offers are now raised to 1.4290/00 and more above at 1.4310/20 with stops building up above there whilst initial bids are noted at 1.4240/50, suggesting selling on pullback for a resumption of recent downtrend is still favored.
AceTraderFx Jan 18: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 18 Jan 2016 04:13 GMT
EUR/USD - 1.0906
Despite euro's intra-day rally to as high as 1.0985 on last Friday, subsequent retreat suggests recent upmove from January's low at 1.0710 has formed a temporary top there and mild downside bias would be seen for weakness towards 1.0900, however, as broad outlook remains consolidative, reckon support at 1.0872 would remain intact and yield rebound.
On the upside, only above 1.0985 would revive bullishness for gain towards 1.1010/13 before prospect of a retreat later today. Below 1.0872 would abort and risk stronger retracement towards 1.0854.
AceTraderFx Jan 19: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
19 Jan 2016 02:13GMT
USD/JPY - ...... Dlr continues yesterdays gain in Asian trading as recovery in Asian stocks has boosted risk sentiment and a wave of renewed broad-based selling in yen vs usd, eur, gbp and aud is seen, the release of expected weak China GDP did not spook investors, suggesting consolidation with upside bias remains.
Bids are noted at 117.30-20 and more below with stops touted below 117.00.
On the upside, offers are tipped at 117.70/80 with some stops above 118.00.
Market is paying attention a slew of important economic data due out Tuesday with China 2015 Q4 annual GDP to come in at 6.8%, U.K. will release key inflation data for Dec, Germany will release ZEW economic sentiment, euro zone will release final Dec data.
AceTraderFx Jan 19: Intra-day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
19 Jan 2016 03:07GMT
EUR/USD- ..... Euro largely moved sideways in subdued Asian morning following an o/n recovery from yesterday's North American morning low of 1.0869 to 1.0906 and price shown relatively muted reaction to in-line but weak China GDP data.
Looks like range trading above said yesterday's 1.0869 low would be seen ahead of European open as traders await release of a slew of eco. data with Germany come in with its inflation data at 07:00GMT, then EZ C/A data, next, we have German ZEW economic sentiment index at 10:00GMT followed by important EZ final Dec inflation n construction output.
Offers are tipped at 1.0900/10 with stops above there, however, more selling interest is reported at 1.0930/40.
Initial bids are noted at 1.0880-70 with stops below there, more buying interest is reported at 1.0840-35.
AceTraderFx Jan 19: Intra-day Market Moving News and Views GBP/USD
Intra-Day Market Moving News and Views
19 Jan 2016 04:13GMT
GBP/USD - ...... Cable is nursing loss in Asian morning after continuing its recent losing streak on Monday and hit another fresh 5-1/2 year lows of 1.4228 near North American close on 'dovish' comments by newest MPC official Gertjan Vlieghe (see 00:17GMT update for details).
Expect range trading above said temp. bottom ahead of European open, however, London traders have tendency to give the pound a fresh bashing at open as market is forecasting another tepid Dec reading on UK inflation, so it will probably be selling on rumour and buying on dips after the release.
Pay particular attention to BOE governor Mark Carney's speech in London at 12:00GMT, market expects he will discuss rate expectations, however, text of his speech will be released, so market can trade on the contents immediately.
Offers are noted at 1.4265/75 and more above 1.4300, however, more offers are tipped at 14320/30 with stops touted above there, some bids are noted at 1.4240-30.
AceTraderFx Jan 19: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 19 Jan 2016 04:02 GMT
EUR/USD - 1.0883
Although euro's resumption of decline from last Friday's 2-week peak of 1.0985 to 1.0869 near European closing yesterday suggests early erratic rise from Jan's bottom at 1.0711 suggests aforesaid upmove has formed a temporary top there and choppy sideways consolidation is in store in next 1-2 days, as long as 1.0835 sup holds, upside bias remains for another bounce to 1.0940/44 later but 1.0985 res should hold today.
On the downside, only below 1.0835 would risk stronger retracement towards previous good sup at 1.0803/05 before prospect of another rebound later this week.
AceTraderFx Jan 20: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
20 Jan 2016 01:32GMT
USD/JPY - ....... The greenback found support at 117.23 yesterday in Asian morning and rose to intra-day high at 118.11, however, renewed selling there pressured the pair lower and price dropped to 117.31 in New York afternoon. Despite a brief recovery to 117.69 in Australia, renewed weakness in Nikkei-225 index sent dlr lower and price fell to 117.26 in Tokyo morning.
Pay attention to the release of U.S. CPI mm and yy at 13:30 GMT. Street forecasts are 0.0% and 0.8% vs previous readings of 0.0% and 0.5% respectively.
Offers are now lowered to 117.50/60 and more above at 117.70/80 with stops building up above there whilst initial bids are noted at 117.00/10, suggesting selling on pullback is favored.
Data to be released on Wednesday:
New Zealand CPI, Germany producer price index, U.K. unemployment rate, average earnings, claimant change, Swiss investor sentiment, U.S. mortgage application, CPI, building permits, housing start, Redbook, Canada manufacturing sales, wholesale trade and BoC rate decision