Intraday trading signal - page 51
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Free Intra-day Signals by AceTrader
INTRA-DAY GBP/USD OUTLOOK
Cable has ratcheted higher after y'day's selloff
fm 1.5893 to 1.5770, suggesting as long as NY sup
at 1.5784 holds, consolidation with mild upside
bias wud be seen for gain to 1.5830/35 n possibly
twds 1.5847/53 but 1.5893 res wud remain intact.
For st trade, buy on dips with stop as indicated,
break wud signal fall fm 1.5924 has resumed, 1.5770
Range Forecast
1.5795 / 1.5825
Resistance/Support
R: 1.5832/1.5853/1.5893
S: 1.5784/1.5770/1.5749
Last Update At
23 Mar 2012 02:24 GMT
Rate
1.5818
Strategy/Entry Level
Buy at 1.5800 for st trade
Objective
1.5835
Stop-Loss
1.5780
INTRA-DAY USD/CHF OUTLOOK
Despite extending the retreat fm y'day's high of
0.9179 to 0.9125/26 in Tokyo morning, current re-
covery suggests an intra-day low has possibly been
made, consolidation with mild upside bias wud be
seen n gain twds 0.9150/55 cannot be ruled out.
Below 0.9123/26 may bring re-test of y'day's low
of 0.9095, break yields weakness to 0.9078 again.
Range Forecast
0.9120 / 0.9155
Resistance/Support
R: 0.9179/0.9202/0.9236
S: 0.9123/0.9095/0.9078
Last Update At
23 Mar 2012 02:19 GMT
Rate
0.9132
Strategy/Entry Level
Stand aside
INTRA-DAY EUR/USD OUTLOOK
Current retreat after extending the rebound fm
y'day's low of 1.3134 to 1.3213 suggests an intra-
day top has possibly been made n risk has increased
for a pullback to 1.3185/90 but as long as 1.3173
sup holds, daily bullishness remains.
Below 1.3173 wud signal recovery is over instead
n yield resumption of fall fm 1.3286 to 1.3134.
Range Forecast
1.3190 / 1.3213
Resistance/Support
R: 1.3213/1.3254/1.3286
S: 1.3173/1.3144/1.3134
Last Update At
23 Mar 2012 02:18 GMT
Rate
1.3200
Strategy/Entry Level
Stand aside
INTRA-DAY USD/JPY OUTLOOK
Although dlr has rebounded after y'day's cross-
inspired selloff to 82.33 n minor consolidation wud
be seen in Asia, as long as 83.02 (prev. sup, now
res) holds, mild downside bias remains for recent
decline to re-test said o/n low later today.
Trade fm short side with stop as indicated, break
wud risk stronger gain to 83.14/18.
Range Forecast
82.51 / 82.90
Resistance/Support
R: 83.02 / 83.18 / 83.47
S: 82.33 / 81.97 / 81.87
Last Update At
23 Mar 2012 02:17 GMT
Rate
82.83
Position
Short at 82.75
Strategy/Entry Level
Hold short
Objective
82.45
Stop-Loss
82.95
INTRA-DAY USD/JPY OUTLOOK - 81.92 (03 Apr 2012 02:30GMT... )
03 Apr 2012 02:30GMT... INTRA-DAY USD/JPY OUTLOOK - 81.92
Dlr's rebound after initial brief selloff fm 82. 23 to a fresh 3-week low at 81.55 just ahead of Tokyo morning suggests an intra-day low is possibly made n consolidation with upside bias is seen, abv 82.00 wud encourage for gain twd 82.23 later. Hold long for this move n exit on such rise as 82.43 shud cap upside. Below 81.70 may risk 81.55.
*** AceTraderfx : Daily Market Review and data to be released today ***
Market Review - 30/07/2013 22:24GMT
Dollar ratchets higher ahead of Fed rate decision
The greenback edged higher against other currencies in a volatile manner on Tuesday as investors await the outcome of FOMC meeting, which began its 2-day meeting today. The Australian dollar tumbled in Asian session due to the dovish comments from RBA governor Stevens who said 'still has some scope to ease after inflation data.'
Versus the Japanese yen, although the greenback rose initially to 98.47 in Asia on short-covering, cross buying of yen versus other currencies pressured the pair to 97.76 in Europe. However, price staged a recovery after the release of S&P home price index and rose to 98.34 in New York morning despite the release of weaker-than-expected U.S. consumer confidence. Later, the pair retreated to 97.97 and then traded narrowly in U.S. afternoon.
U.S. S&P home price index came in at 0.1% m/m and 12.2% y/y, worse than the expectation of 1.5% and 12.4%. U.S. consumer confidence in July came in at 80.3, worse than the expectation of 81.4 and the revised reading of 82.1 in June.
Although the single currency rose strongly from 1.3248 in Asia on cross-buying of euro versus yen and climbed above last Friday's top at 1.3297 to 1.3302 in London midday, the pair retreated after the release of German CPI data and dropped in tandem with sterling to session low at 1.3235 in New York morning before staging a recovery to 1.3271.
German CPI in Jul came in at 0.5% m/m and 1.9% y/y, higher than the forecast of 0.3% and 1.7% respectively.
The British pound dropped initially to 1.5315 in Asia before staging a rebound to 1.5354 in European morning. However, price tumbled to 1.5295 and then penetrated last Thursday's low at 1.5264 to 1.5224 in New York afternoon due to the active cross selling of sterling versus euro (eur/gbp rallied from 0.8641 to 0.8707).
The Australian dollar nose-dived to 0.9053 in European morning due to the dovish comments from RBA governor Stevens and later dropped further to 0.9044 in New York morning. RBA governor Stevens said 'still has some scope to ease after inflation data; recent fall in the A$ makes economic sense, no surprise if it falls further; broadly appropriate that fiscal policy in consolidation mode; unemployment does appear to be trending up, within expectations.'
In other news, Greek Finance Minister Stournaras said 'Greece may not have a fiscal gap for 2015-16, easing autumn negotiations with lenders; Greece on track to meet 4.2% 2013 recession estimate; top priority for Greece is to have primary budget surplus this year, return to growth in 2014.' Spanish Prime Minister Rajoy said 'reforms starting to bear fruit in Spain; important to continue with reform program in Spain.' Portugal Prime Minister Coelho said 'we will not hesitate now on following through with bailout programme; country likely nearing economic turnaround.'
On the data front, eurozone economic sentiment in July came in at 92.5, slightly worse than the expectation of 92.6. Eurozone business climate in July was released at -0.53, better than the forecast of -0.55.
Data to be released on Wednesday:
New Zealand business confidence, Japan manufacturing PMI, housing starts, construction orders, U.K. BRC shop price index Swiss UBS consumption indicator, KOF leading indicator, German retail sales, unemployment change, unemployment rate, France PPI, Italy PPI, CPI, HCIP, unemployment rate, EU CPI, unemployment rate, U.S. ADP employment, GDP, personal consumption, PCE core, Chicago PMI, FOMC rate decision, Canada GDP.
AceTraderfx : Daily Outlook on Minors/Crosses GBP/JPY
31 Jul 2013 08:17GMT
Intra-day breach of y'day's low at 149.18 sug-
gests fall fm last week's top at 154.05 remains in
force n weakness to 148.29 is seen b4 rebound.
Sell on recovery with stop as indicated n only
abv 150.02 wud signal a temp. low is made, 150.92.
STRATEGY : Sell at 149.40
OBJECTIVE : 148.40
STOP-LOSS : 149.80
RES : 150.92/151.65/152.27
SUP : 150.02/149.18/148.79
AceTradeFx : Daily Market Review & data to be released
Market Review - 31/07/2013 22:20GMT
Dollar drops on dovish Fed statement
The greenback tanked against euro and sterling on Wednesday as the statement from the Federal Reserve did not give any hints about a reduction in its stimulus measures.
The single currency went through a roller-coaster session on Wednesday. Although euro rose strongly from 1.3241 to 1.3301 in European morning after the release of better-than-expected Germany's unemployment rate (12.1% versus the forecast of 12.2%), failure to penetrate Tuesday's top at 1.3302 prompted profit-taking and price tumbled to a low at 1.3210 in New York morning on dollar's broad-based strength due to the better-than-expected U.S. ADP employment change and GDP data, which came in at 200K and 1.7% q/q, versus the forecasts of 180K and 1.0%.
Later, active cross buying of euro versus yen lifted euro and price rallied to 1.3299 at U.S. midday. Later, the pair rose above 1.3302 to a fresh 1-month top at 1.3345 in U.S. afternoon after the release of dovish Fed statement.
The Federal Reserve kept fund rate at 0-0.25% unchanged and released a statement which said 'will buy longer-term treasury securities at pace of $45 billion a month, agency MBS at 40 billion a month; recognizes inflation consistently below 2% goal, could pose risks to economic performance; anticipates inflation will move back toward objective over medium term, current inflation rate partly reflects transitory influences; economic activities has expanded at modest pace in first half 2013, labour market conditions have shown further improvement in recent months; to keep fund 0-0.25% as long as jobless rate above 6.5%, 1-2 year projected inflation no more than 2.5%, longer-term inflation expectations well anchored; housing sector has been strengthening, but mortgage rates have risen somewhat, fiscal policy is restraining growth.'
Versus the Japanese yen, although the greenback dropped from Asian top at 98.16 to a 1-month low at 97.59 in European morning, the pair rose strongly to a high at 98.57 in New York morning after the release of strong U.S. ADP employment change and GDP data but later fell sharply to 97.68 in late New York due to the dovish Fed statement.
The British pound edged lower from Asian top at 1.5245 due to active cross selling of sterling versus euro and then tanked to a low at 1.5125 in New York morning on dollar's strength, however, price staged a recovery in tandem with euro and rose to 1.5220 in U.S. afternoon after the release of dovish Fed statement and rose further to 1.5254 on dollar's weakness.
On the data front, German retail sales in June came in at -1.5% m/m and -2.8% y/y, worse than the forecast of 0.0% and 0.4%. EU unemployment rate in June came in at 12.1%, stronger than the forecast of 12.2%. U.S. Chicago PMI in Jul came in at 52.3, worse than the forecast 54.0.
Data to be released on Thursday:
Australia New home sales, China manufacturing PMI, Italy manufacturing PMI, France manufacturing PMI, German manufacturing PMI, EU manufacturing PMI, ECB rate decision, BOE Rate decision, U.S. Jobless claim, construction spending, ISM manufacturing.
AceTraderfx : Daily Outlook on Majors USD/JPY
1 Aug 2013 06:55GMT
Dlr's intra-day rebound fm 97.66 due to recovery
in Japanese stocks suggests further choppy trading
abv y'day's 1-month low at 97.59 wud continue, abv
98.57 wud bring stronger retrace. of recent decline
twd 98.84 but 99.02 shud hold n yield another fall.
Raise short entry for 97.75 n below 97.59 wud
extend twd 97.24. Abv 99.14 aborts n risks 99.51/56
STRATEGY: Hold short
POSITION : Short at 98.75
OBJECTIVE: 97.75
STOP-LOSS : 99.10
RES : 98.57 / 99.14 / 99.41
SUP : 97.59 / 97.24 / 96.72
*** AceTraderfx : Market Review and data to be released today ***
Market Review - 01/08/2013 22:26GMT
Euro falls sharply as Draghi reiterates low-rate policy
The single currency dropped against other currencies on Thursday as the European Central Bank President Mario Draghi said the central bank expected key interest rates to remain at present or lower levels for extended period of time. The greenback rose strongly against other currencies in New York as the upbeat U.S. ISM manufacturing PMI fueled expectation that the Federal Reserve will reduce its stimulus measures this year.
The single currency fell sharply from Asian top at 1.3311 to 1.3227 in European morning due to active cross selling of euro versus sterling and then tanked below Wednesday's low at 1.3207 to 1.3193 after the ECB President Draghi said interest rates will remain low for an extended period of time.
ECB's Draghi said in a press briefing after the ECB left interest rate at 0.5% that 'underlying price pressure in euro zone are expected to remain subdued; recent survey indicators have shown some further improvement; our monetary policy stance provides support to recovery later this year and in 2014; ECB expects key interest rates to remain at present or lower levels for extended period of time; risks to growth are on downside; inflation rates are expected to temporarily fall in coming months; inflation risks are still broadly balanced; ECB monetary policy stance will remain accommodative for as long as necessary; unanimously confirmed forward guidance.'
Later, despite euro's swift recovery to 1.3267, the pair dropped again to 1.3210 on dollar's broad-based strength after the release of better-than-expected U.S. ISM manufacturing PMI (55.4 versus the forecast of 52.0) and fell to 1.3198 in late NY before staging a recovery.
Versus the Japanese yen, the greenback traded with a firm undertone throughout the day. Dollar rose strongly from Asian low at 97.66 on active cross selling of yen versus euro together with the strong gain in Asian equities and pierced through Wednesday's top at 98.57 to 98.79 in European morning. Later, the upbeat U.S. ISM manufacturing PMI pushed the pair further higher to 99.40 in New York morning and hit a top at 99.57 in late NY.
Although the British pound edged lower to 1.5134 in European morning, price rebounded strongly to 1.5220 due to the strong U.K. manufacturing PMI (54.6 versus the forecast of 52.8) and rose further to 1.5243 after BOE announced to keep interest rate and the amount of asset purchase unchanged at 0.5% and 375 billion. However, price later retreated sharply in tandem with euro in New York morning and dropped below Wednesday's low at 1.5125 to 1.5110 in U.S. afternoon due to dollar's broad-based strength.
On the data front, U.S. initial jobless claim came in at 326K, better than the expectation of 345K. U.S. Markit PMI in July came in at 53.7, better than the forecast 53.2. U.S. construction spending in Jun came in at -0.6%, lower than the expectation of 0.4%. Euro zone manufacturing PMI was released at 50.3, better than the expectation of 50.1. German manufacturing PMI came in at 50.7, better than the forecast of 50.3, highest since Jan 2012.
Data to be released on Friday:
Australia PPI, Swiss PMI, U.K. Nationwide house prices, construction PMI, EU PPI, U.S. Non-farm payroll, private payroll, unemployment rate, average hourly earnings, PCE, Durable goods, factory orders.