Intraday trading signal - page 49
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Intra-day eur/usd outlook
INTRA-DAY EUR/USD OUTLOOK
Euro's stronger-than-expected retreat after
brief breach of 1.3000 to 1.3008 suggests risk is
seen for a pullback to 1.2955/60 but renewed buying
shud emerge abv 1.2950 n yield another rebound to
1.2995/00 n abv wud extend gain to 1.3045/50.
Wud be prudent to exit long n buy again on dips
with stop as indicated, break, 1.2912.
Range Forecast
1.2972 / 1.3000
Resistance/Support
R: 1.3017/1.3045/1.3084
S: 1.2950/1.2912/1.2904
Rate
1.2985
Long at 1.2980
Position
Strategy/Entry Level
Exit long n buy at 1.2960
Objective
1.2995
Stop-Loss
1.2940
Last Update At
03 Jan 2012 08:49 GMT
Intra-day usd/jpy outlook
INTRA-DAY USD/JPY OUTLOOK
Although dlr has staged a rebound after initial
'cross-inspired' decline below Fri's NY low of 76.
96 to 76.80 ahead of Asian open, as Fri's fall fm
77.34 (NY) signals correction fm last week's low at
76.61 is over, daily downside bias remains.
Hold short for 76.65 n only abv 77.25 may risk
possible re-test of 77.34.
Range Forecast
76.85 / 77.00
Resistance/Support
R: 77.07 / 77.25 / 77.34
S: 76.80 / 76.61 / 76.35
Rate
76.93
Position
Short at 76.95
Strategy/Entry Level
Hold short
Objective
76.65
Stop-Loss
77.10
Last Update At
09 Jan 2012 02:24 GMT
Intra-day eur/usd outlook
INTRA-DAY EUR/USD OUTLOOK
As euro has maintained a firm undertone after
staging a recovery fm intra-day fresh 15-month low
at 1.2667 (AUS), suggesting sideways trading abv
this temp. sup wud be seen, reckon 1.2730/40 wud
cap present corrective rise n yield retreat later.
Raise short entry for 1.2695 but below 1.2767
needed to extend twd 1.2642. Abv 1.2763/70 aborts.
Range Forecast
1.2700 / 1.2730
Resistance/Support
R: 1.2732/1.2763/1.2812
S: 1.2667/1.2642/1.2588
Rate
1.2712
Strategy/Entry Level
Sell at 1.2730
Objective
1.2695
Stop-Loss
1.2750
Last Update At
09 Jan 2012 06:22 GMT
Intra-day usd/jpy outlook
INTRA-DAY USD/JPY OUTLOOK
As intra-day dlr's broad-based rebound has also
lifted the pair in Tokyo despite y'day's narrow
movement, suggesting consolidation abv Mon's 76.77
low wud continue n gain to 77.01 can't be ruled out
but reckon upside wud falter below 77.05/10.
Still favour selling on further rise for decline
fm 77.34 (Fri) to extend to 76.70/75 later today.
Range Forecast
76.85 / 77.00
Resistance/Support
R: 77.01 / 77.25 / 77.34
S: 76.77 / 76.61 / 76.35
Rate
76.90
Strategy/Entry Level
Sell at 77.00
Objective
76.75
Stop-Loss
77.10
Last Update At
11 Jan 2012 02:21 GMT
Intra-day usd/jpy outlook
INTRA-DAY USD/JPY OUTLOOK
Although dlr has edged higher n gain twds 77.01
res cannot be ruled out, reckon 77.07/10 shud cap
upside n yield another leg of decline fm last Fri's
high of 77.34 for re-test of this week's low of 76.
77, below wud encourage for weakness to 76.58/61.
Still favour selling on further rise for early
fall fm 77.34 (Fri) to extend to 76.70/75 later.
Range Forecast
76.85 / 77.00
Resistance/Support
R: 77.01 / 77.25 / 77.34
S: 76.77 / 76.61 / 76.35
Rate
76.91
Strategy/Entry Level
Sell at 77.00
Objective
76.75
Stop-Loss
77.10
Last Update At
11 Jan 2012 06:10 GMT
INTRA-DAY USD/JPY OUTLOOK
Althouh dlr has staged a minor rebound fm NY's
one-week low at 76.67 due partly to cross unwinding
in yen, as y'day's break of Mon's 76.77 low signals
recent erratic fall fm 78.29 has resumed, re-test
strg sup at 76.58/61 is seen after consolidation.
Sell again on further recovery n exit on next
decline. Only abv 77.04 aborts bearishness on dlr.
Range Forecast
76.70 / 76.85
Resistance/Support
R: 76.93 / 77.04 / 77.25
S: 76.61 / 76.58 / 76.35
Rate
76.77
Strategy/Entry Level
Sell at 76.85
Objective
76.65
Stop-Loss
76.95
Last Update At
12 Jan 2012 23:18 GMT
INTRA-DAY USD/JPY OUTLOOK
Dlr's retreat fm 77.20 in Tokyo after y'day's
cross-inspired rally fm 76.70 to 77.32 signals fur-
ther sideways trading below said o/n NY high wud
continue with downside, however, reckon 76.88 (prev
ious res, now sup) wud remain intact.
Sell on recovery for 76.95 n exit on subsequent
decline, then buy on dips for day trade.
Range Forecast
77.00 / 77.20
Resistance/Support
R: 77.34 / 77.56 / 77.74
S: 76.88 / 76.70 / 76.55
Rate
77.09
Strategy/Entry Level
Sell at 77.20
Objective
76.95
Stop-Loss
77.35
Last Update At
20 Jan 2012 02:29 GMT
INTRA-DAY USD/JPY OUTLOOK
Although dlr briefly penetrated y'day's NY low
of 77.29 to 77.27 on renewed cross-buying of yen,
intra-day minor rebound suggests consolidation with
mild upside bias wud be seen n abv 77.56 wud signal
pullback fm 78.28 (Wed) possibly over, 77.65/67.
Hold long for this move n only below 77.27 may
extend decline fm 78.28 to 77.08/10 b4 recovery.
Range Forecast
77.30 / 77.55
Resistance/Support
R: 77.67 / 77.85 / 77.96
S: 77.27 / 77.08 / 76.87
Rate
77.41
Position
Long at 77.35
Strategy/Entry Level
Hold long
Objective
77.65
Stop-Loss
77.25
Last Update At
27 Jan 2012 02:10 GMT
Market Review - 19/01/2012 21:09 All times in GMT
Euro climbs to 2-week high on strong demand at Spanish debt auction
The single currency climbed to a 2-week high against the dollar on Thursday as Spain sold more than its maximum target at an auction, boosting optimism the region’s sovereign-debt crisis is being contained.
Although the single currency rose one tick above last Friday's 1.2879 high to 1.2880 in Asia, euro weakened to an intra-day low at 1.2839 in European morning. However, euro rallied to 1.2936 after the strong demand at Spain's bond auction eased concerns about contagion within the eurozone. Later, euro pared its gains and briefly retreated to 1.2875 in New York morning before climbing to a session high at 1.2972 in late New York session on cross-buying against the Japanese yen and on continued optimism about Europe.
Spain sold 6.61 billion euros of debt due in 2016, 2019 and 2022, exceeding the maximum target of 4.5 billion euros set for the auctions.
French borrowing costs declined as the nation sold 7.97 billion euros of medium and long-term securities.
Although the British pound dropped to an intra-day low at 1.5415 in European morning, cable climbed to 1.5488 in New York morning on increased risk appetite and edged marginally higher to a session high at 1.5495 in late New York trade.
Versus the Japanese yen, although the greenback weakened to an intra-day low at 76.70 in European morning, dollar rallied to a 2-week high at 77.32 in New York morning on broad-based selling of the yen before stabilising at 77.15 near New York close.
In other news, the draft treaty for establishing the ESM states 'coming lending capacity of eurozone temporary n permanent bailout funds EFSF/ESM remains 500 billlion euros; 500 billion euro lending capacity of EFSF/ESM is a minimum; ESM board of governors may decide to raise combined EFSF/ESM lending limit; ESM treaty will enter into force when countries representing 90% of subscribed capital ratify it; a eurozone country can only apply for ESM help if it started ratification of fiscal compact treaty.'
Earlier, ECB's Executive Board Member Joerg Asmussen said 'monetary policy cannot be overburdened, responsibility for fighting bet crisis with gov't; ECB's bond buying programme cannot last forever.' ECB President Mario Draghi said 'EU did fantastic progress in improving fundamentals in many countries in recent months; Europe will be in better shape in 2012, but downward risks significant.'
On the data front, U.S. initial jobless claims were reported at 352K, lower than a forecast of 385K and a previous revised figure of 402K and Philadelphia Fed survey was reported at 7.3, market consensus of 10.0. Real earnings were better-than-expected at 0.5%, forecast was 0.2%.
Data to be released on Friday:
Australia import price, export price, Japan leading indicators,Germany PPI, UK retail sales, Canada CPI, U.S. existing home sales.
Market Review - 26/01/2012 22:25 All times in GMT
Euro retreats after rise to fresh one-month high on Greek deal hopes
The euro extended Wednesday's rise on Thursday as hopes of a Greek debt deal buoyed risk appetite but only to surrender its gains as the ECB was unlikely to accept losses on its Greek debt.
Earlier in Asia, the single currency orbited around 1.3100 as trading in all major currencies was relatively subdued after previous day's dollar's broad-based selloff on Fed's dovish post-FOMC statements gains. Despite choppy movements in European morning, euro later strengthened to 1.3175 following reports from the Greek newspaper Ethnos that private sector creditors will likely agree a lower coupon on new Greek bonds, spurring risk appetite. Strong results from an Italian bond auction, rallies in European bourses, and confirmation from Olli Rehn that a deal is close helped propel euro to its session high of 1.3184 in New York. However, the pair fell to 1.3096 after Eurogroup President Jean-Claude Juncker said the ECB would only accept small, if any, losses on its Greek debt holdings.
Italian 10-year government bond yields and the cost of insuring against a default fell due to solid demand for short-term debt at today's auction as Italy sold the top planned amount of 5 billion euros of zero-coupon and inflation-linked bonds.
The British pound traded very narrowly during Asian session but quickly climbed above Wednesday's high in Europe in tandem with euro, cable later rose to session high of 1.5735 in New York afternoon due to dollar's broad-based weakness. However, cable pared most of these gains and settled the day around 1.5685. U.K. CBI distribution trade in January fell sharply to -22 from 9, much worse than forecast of -6.
Versus the Japanese yen, the greenback continued yesterday's decline and ratcheted lower from 77.82 to a low of 77.29 in New York before recovering marginally.
On the data front, U.S. durable goods for December were much better-than-expected coming in at 3.0% vs forecast of 2.0%. U.S. initial jobless claims rose to 377K from 352K in the prior week.
Data to be released on Friday:
New Zealand trade balance, imports, exports, Japan CPI, retail sales, Germany import price index, Switzerland KOF indicator, U.S. GDP, PCE, University of Michigan consumer sentiment.
Intra-day usd/jpy outlook
INTRA-DAY USD/JPY OUTLOOK
Although dlr has remained under pressure after
staging a minor recovery fm y'day's 76.14 low to 76
.30, as long as said sup holds, another bounce is
still likely n abv 76.30 wud yield stronger gain to
76.41 n possibly twd 76.55 after consolidation.
Trade fm long side, stop as indicated n only be-
76.05 wud abort n may extend marginally to 75.95.
Range Forecast
76.15 / 76.35
Resistance/Support
R: 76.41 / 76.55 / 76.90
S: 76.14 / 75.95 / 75.33
Rate
76.15
Position
Long at 76.15
Strategy/Entry Level
Hold long
Objective
76.40
Stop-Loss
76.00
Last Update At
01 Feb 2012 01:29 GMT
INTRA-DAY USD/JPY OUTLOOK - 76.19 ( 01 Feb 2012 04:09GMT... )
01 Feb 2012 04:09GMT... INTRA-DAY USD/JPY OUTLOOK - 76.19
Although dlr's sideways trading abv y'day's low at 76.14 wud continue n as long as said sup holds, another bounce to 76.30 is seen, abv 76.41/42 res needed to signal recent decline has possibly formed a temp. low there n yield gain to 76.55. Exit long n stand aside. On the downside, only below 76.05 wud abort daily bullish prospect of dlr