Intraday trading signal - page 227
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AceTraderFx Jan 26: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 26 Jan 2016 05:32 GMT
EUR/USD - 1.0852
As euro has rebounded on Monday on safe-haven buying in tandem with yen due to renewed weakness in the Dow and crude oil price, suggesting 'gyrations' inside near term established range of 1.0921-1.0776 would continue. Intra-day broad-based decline in Asian stocks suggests upside bias remains for further gain.
However, break of res area at 1.0901-21 is needed to retain bullish prospect of subsequent headway towards 1.0960/70.
On the downside, below 1.0806/09 would shift risk to the downside for weakness towards 1.0799 but only break of last Thursday's post-ECB meeting low at 1.0776 would pressure price to 1.0730/40.
AceTraderFx Jan 26: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 26 Jan 2016 09:42 GMT
USD/JPY - 117.88
Despite the greenback rally from last Wednesday's fresh 1-year trough at 115.97 to 118.88 on Friday, subseqeunt retreat suggests the first leg of correction has ended and consolidation with downside bias would be seen for weakness towards 117.54, below would add credence to this view and extend towards 117.08.
However, support at 116.47 should remain intact and yield rebound.
On the upside, only above 118.17 (previous support, now resistance) would indicate pullback has ended and turn outlook bullish for gain to 118.34/40.
AceTraderFx Jan 27: Intra-Day Market Moving News and Views USD/JPY
Intra-Day Market Moving News and Views
27 Jan 2016 02:12GMT
USD/JPY - ...... Despite yesterday's impressive cross-inspired rally from 117.66 at European open to as high as 118.62 due to strong gain in the crude oil price which in turn triggered broad-based rise in European stocks n the Dow, dlr pared said intra-day gain n retreated in Asia on Wed as benchmark Brent crude oil price gave up half of yesterday's gain, current renewed weakness in the Shanghai composite (down 2%) has triggered another wave of yen-buying on risk aversion.
Dlr's intra-day retreat from 118.62 suggests further choppy trading below last week's 118.88 high would continue n investors' risk sentiment is pretty fragile and would react to decline in oil n stock prices, making trading tricky to say the least.
Offers are tipped at 118.50/60 and more above with stops reported above 119.00.
Some bids are noted at 118.10-00 with stops below 118.00.
Although market's focus remains on stocks n oil price, pay attention to FOMC's rate decision later today but market has largely discount any rate move by the Fed due to recent market turmoil n market anticipates the nearest rate move will not come until March 15-16 meeting whether Fed Chair Janet Yellen will hold a press conference after the announcement.
AceTraderFx Jan 27: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
27 Jan 2016 03:33GMT
EUR/USD - ...... Trading the euro continues to be tricky as price swung wildly in reaction to intra-day wild moves in global stocks. Despite yesterday's initial gain to session high of 1.0874 at European open as Asian stocks tanked, rebound in crude oil prices lifted European equities and traders giving euro broad-based bashing vs usd and gbp, knocking price to 1.0819 but active buying of eur vs yen and chf (latter cross rallied to a 1-year high on market chatter of SNB's stealth buying) lifted price back up to 1.0871 ahead of New York close before easing in Asia today.
With no major EZ economic data due out today (except French n Italian consumer confidence), traders are expected to take cue from intra-day swings in oil n stock movement.
Offers are tipped at 1.0870/80 with stops above there, however, more offers are reported at 1.0900/20 area with fairly larges stops above there.
Some bids are noted at 1.0850-40 and more below with stops touted below 1.0815.
AceTraderFx Jan 27: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 27 Jan 2016 09:36 GMT
USD/JPY - 118.22
Despite the greenback rally from last Wednesday's fresh 1-year trough at 115.97 to 118.88 on Friday, subsequent retreat suggests the first leg of correction has ended and consolidation with downside bias would be seen for weakness towards 117.54, below would add credence to this view and extend towards 117.08.
However, support at 116.47 should remain intact and yield rebound.
On the upside, only above 118.17 (previous support, now resistance) would indicate pullback has ended and turn outlook bullish for gain to 118.34/40.
AceTraderFx Jan 28: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
28 Jan 2016 01:12GMT
USD/JPY - ..... Reuters just reported Japan's retail sales fell more than expected in December, data showed on Thursday, suggesting that sluggish household spending will keep fourth-quarter economic growth subdued.
While many analysts expect the Bank of Japan to hold off on additional monetary easing at its two-day rate review ending on Friday, the weak data will likely keep policymakers under pressure to do more to reflate a fragile economic recovery.
Retail sales fell 1.1 percent in December from a year earlier to mark the second straight month of declines, more than a median market forecast for a 0.1 percent decline. Japan's economy has emerged from recession but growth remains subdued as sluggish emerging market demand and slow wage growth weigh on exports and private consumption.
Policymakers hope that the windfall from falling energy prices will nudge households to boost spending, though some analysts warn that the economy may have suffered a contraction in October-December on weak household spending.
The global market rout has also heightened pressure on the BOJ to expand monetary stimulus, though many central bankers prefer to stand pat this week as they cling to the view Japan's economy continues to recover moderately.
The retail sales data foreshadow a run of indicators due on Friday, including inflation and household spending.
Data to be released on Thursday:
New Zealand exports, imports, trade balance, Japan retail trade, Australia import price index, export price index, Italy wage inflation, U.K. GDP, CBI distributive trade, Euro zone services sentiment, consumer confidence, industrial confidence, economic sentiment indicator, business climate, Germany CPI, Harmonised Index of Consumer Prices, U.S. initial jobless claims, durable goods and pending home sales.
AceTraderFx Jan 28: Intra-Day Market Moving News and Views USD/JPY
Intra-Day Market Moving News and Views
28 Jan 2016 02:36GMT
USD/JPY - ...... Dlr has swung wildly in early Asian trading. Despite o/n fall from post-FOMC 2-week high of 119.08 to 118.49 and then initial brief break of said New York low to 118.42 on weakness in the Nikkie at Tokyo open, recovery in Japanese stocks quickly triggered a wave of yen-selling vs usd, eur, gbp and aud, price staged a ferocious bounce to 118.93, forcing short-term dlr bears scrambling for cover.
Looks like dlr would swing inside said yesterday's high and today's Asian low and current move back into positive territory in the Nikkei suggests near term upside bias still remains.
Offers are tipped at 118.90/00 with some stops touted above 119.10.
Initial bids are reported at 118.50-40 with stops below there, however, more stops are noted below 118.00.
With Fed's FOMC meeting out of the way, traders will pay attention to release of a slew of U.S. data later today starting with the usual weekly jobless claims, the important Dec durable goods order and December pending home sales.
AceTraderFx Jan 28: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
28 Jan 2016 04:05GMT
EUR/USD - 1.0891.. The single currency has made positive gains in last 3 sessions this week despite intra-day swings and will the pair continues to ratchet higher again today.
Well, although buying euro on dips is still the preferred strategy, do not lose sight of the range of 1.0921-1.0776 set immediately after ECB President's dovish comments at last Thursday's post-ECB monetary policy meeting press conference.
Intra-day retreat after o/n jump to 1.0918 in post-FOMC New York high suggests this res may well hold until release of slew of EZ economic data starting with EU confidence index and more importantly, German January CPI, if the m/n inflation is below market consensus at -0.8% and y/y at 0.5%, then euro may come under selling pressure ahead of U.S. durable goods order.
In the meantime, offers are reported at 1.0910/20 with stops above there, however, more selling interest is tipped at 1.0970/80 with fairly large stops above 1.0985 (January high).
Bids have been raised to 1.0870-60 and more below with stops touted below 1.0820.
Pay attention to speeches by 2 ECB Governing Council member with Austrian National Bank Governor Ewald Nowotny speaking in Vienna at 16:30GMT followed later by Bundesbank President Jens Weidmann in Bonn at 18:00GMT
AceTraderFx Jan 28: Intra-Day Market Moving News and Views GBP/USD
Intra-Day Market Moving News and Views
28 Jan 2016 05:09GMT
GBP/USD -...... Cable is nursing in subdued Asian morning following yesterday's intra-day wild swings end with an intra-day selloff from 1.4355 to as low as 1.4230 in New York morning due partly to active cross-selling in sterling vs eur and yen.
Yesterday's failure to re-test Tuesday's 1-week high and subsequent steep fall has put the sterling bears in control n the pound is expected to trade with a softish tone ahead of release of key U.K. Q4 GDP.
Street forecast for q/q reading to come in at 0.5% and y/y at 1.9%, if either or both readings miss estimates, then expect another round of sterling bashing to emerge immediately.
Offers are tipped at 1.4275/85 with some stops above 1.4300, some bids are reported at 1.4235-30 with stops below there, more stops are touted below 1.4170, suggesting selling the pound in intra-day recovery ahead of U.K. data is favoured.
AceTraderFx Jan 28: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 28 Jan 2016 08:31 GMT
USD/JPY - 118.89
The greenback's rally yesterday and subsequent breach of last Friday's high at 118.88 signals the corrective upmove from last Wednesday's fresh 1-year trough at 115.97 has once again resumed and consolidation with upside bias would be seen for gain towards 119.08/10, then 119.17/20, however, loss of momentum would keep price below 119.46/50 today and bring retreat later.
On the downside, only below 117.66 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 117.30/40.