Intraday trading signal - page 77
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AceTraderFx Jan 24: Daily Outlook on Asian Exotic USD/IDR
USD/IDR DAILY OUTLOOK - 12170
24 Jan 2014 02:14GMT
Usd's rebound fm 12040 to 12165 signals pullback
fm 12275 is over there n consolidation with upside
bias wud be seen further gain to 12175 n 12200.
Trade fm long side with stop as indicated, below
risk weakness to 12085 but 12040 shud hold.
STRATEGY : 12170
POSITION : Long at 12110
OBJECTIVE : 12170
RES : 12175/12255/12275
SUP : 12125/12085/12040
AceTraderFx Jan 24: Intra-day Recommendations on Major USD/JPY
Intra-day Recommendations on Major USD/JPY
24 Jan 2014 06:04 GMT
INTRA-DAY OUTLOOK ON USD/JPY - 103.32
Despite dlr's brief but sharp retreat from 103.59 to 103.09, present rebound due to the recovery in Nikkei-225 index suggests choppy consolidation with mild upside bias would be seen n gain to 103.40/45 is likely to be seen.
However, 103.59 should hold.
Stand aside n look to sell for day trade as below yesterday's 102.97 low yields re-test of 102.85.
AceTraderFx Jan 27: Yen and Swiss franc rally on risk aversion
Market Review- 24/01/2014 19:28GMT
Yen and Swiss franc rally on risk aversion
The Japanese yen and Swiss franc surged against U.S. currency on renewed risk aversion on Friday due to the selloff in global stock markets. Britain's FTSE 100, Germany's DAX, and France's CAC 40 closed down 1.7%, 2.6% n 2.9% respectively whilst Dow Jones index fell by more than 250 points to close below 16000. The greenback tumbled to as low as 102.00 and 0.8904 versus the Japanese yen and Swiss franc respectively.
The single currency traded with a firm undertone in Asia and then climbed to 1.3740 at European midday due to dollar's broad-based weakness before retreating briefly to 1.3669 in New York morning. Euro tumbled against Swiss franc to 1.2227.
The British pound rallied to a fresh 3-year high of 1.6668 against U.S. currency on Friday on continued speculation the Bank of England could raise interest rates before the end of the year, however, active profit-taking knocked price lower. Cable tanked to 1.6478 after BoE Governor Carney's downbeat comments. BOE's Carney said appreciation of sterling will hold back expansion of net exports.
In other news, European Central Bank President Mario Draghi told the World Economic Forum in Davos, Switzerland, that he did not see deflation in the euro area, which he said is experiencing a "weak, fragile and uneven" recovery. Draghi added that the ECB's "very accommodative" monetary policy is being passed into the euro zone economy; the other thing we are seeing in the last 3-4 months, is that both the improvement in financial markets and our very accommodative monetary policy in place since end 2011.
Data to be released next week :
Japan trade balance, Germany import price index, Ifo business climate, current assessment, expectations, U.S. new home sales on Monday.Australia. New Zealand financial market will be closed due to public holiday.
Australia NAB business confidence, France consumer confidence, Italy consumer confidence, U.K. GDP, U.S. durable goods, S&P home price, consumer confidence on Tuesday.
Australia Westpac leading economic index, U.K. nationwide house prices, Germany consumer confidence, Swiss UBS consumption indicator, U.K. FOMC rate decision on Wednesday.
Japan retail sales, China HSBC manufacturing PMI, Swiss KOF indicator, Germany unemployment rate, U.K mortgage approvals, EU business climate, economic sentiment, consumer confidence, Germany CPI, HICP, U.S. annual GDP, PCE core, personal consumption, jobless claims, pending home sales on Thursday.
New Zealand trade balance, Japan manufacturing PMI, household spending, unemployment rate, national CPI, Tokyo CPI, industrial production, housing starts, construction orders, U.K. Gfk consumer confidence, Lloyds business barometer, France PPI, Italy unemployment rate, PPI, EU CPI, Canada GDP, U.S. housing starts, personal income, spending, PCE, Chicago PMI, U. of Michigan consumer confidence on Friday.Financial markets in China, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan and Vietnam will be closed for Chinese New Year holiday
AceTraderFx Jan 27: Daily Outlook on Major USD/JPY
Daily Recommendations on Major USD/JPY
27 Jan 2014 00:26 GMT
DAILY OUTLOOK ON USD/JPY - 102.27
Intra-day selloff below Fri's low at 102.00 to 101.77 on Monday suggests corrective fall fm Jan's 5-year peak at 105.45 remains in progress n down- side bias remains for weakness to 101.62, then 101. 30/35 but sup 101.14/15 wud hold n yield rebound.
AceTraderFx Jan 27: Daily Outlook on Cross EUR/JPY
INTRA-DAY EUR/JPY CROSS OUTLOOK - 140.25
27 Jan 201404:28GMT
Although euro's intra-day rally after initial
brief break of Fri's low at 139.76 (NY) to a fresh
6-week bottom at 139.20 suggests a temp. low has
been made n choppy trading is in store, reckon
140.20/30 wud cap upside n yield subsequent retreat.
Hold short for 139.85 n exit on decline as
139.45/50 wud remain intact. Abv 140.51 risks 140.80.
AceTraderFx Jan 28: Euro retreats ahead of Fed meeting
Market Review - 27/01/2014 21:28GMT
Euro retreats ahead of Fed meeting
The single currency traded with a soft bias against the dollar on Monday as expectations for a further reduction to the Federal Reserve's stimulus program after this Wednesday's FOMC meeting continued to support demand for the dollar.
During the day, although euro rebounded from 1.3669 in early Asia and then rose to 1.3716 in European morning due after data showed that German business confidence rose to the highest level in 2-1/2 years in January, renewed dollar's intra-day firmness pressured from there and the single currency later dropped to 1.3653 in New York morning before trading sideways.
The German research institute Ifo said on Monday that its business climate index rose to 110.6 in January, above expectation for a reading of 110.0 and up from 109.5 in December, indicating that businesses in the euro zone's largest economy had a strong start to the year.
Versus the Japanese yen, despite dollar's initial selloff below Friday's low at 102.00 to 101.77 on continued risk on continued risk aversion in thin trading conditions in early trading hours on Monday, lack of follow-through selling triggered broad-based short-covering and price rebounded to 102.41 at Asian open. Later, dollar climbed higher to 102.77 in European morning and then 102.93 but renewed cross-buying of yen due to risk aversion pressured price to 102.20 in New York morning.
Cable remained under pressure ahead of Asian open on Monday and dropped to 1.6471 but expectations that the Bank of England will raise interest rates sooner than anticipated after last week's U.K. unemployment data boosted demand for the British pound and sterling rose to 1.6571 in European morning and then 1.6588 in early New York trading before easing.
Some news over the weekend worth mentioning. Reuters reported IMF MD Christine Lagarde told the economic forum in Davos that Eurozone inflation is "way below target" and that deflation is a potential risk for the region. In response to this, ECB President Mario Draghi said ECB is ready to act if inflation went lower than forecast and reiterated that interest rates would remain low or go lower for an extended period of time.
Data to be release on Tuesday:
Australia NAB business confidence, France consumer confidence, Italy consumer confidence, U.K. GDP, U.S. durable goods, S&P home price and consumer confidence.
AceTraderFx Jan 28: Daily Outlook on Major USD/JPY
Daily Recommendations on USD/JPY
28 Jan 2014 00:07 GMT
DAILY OUTLOOK ON USD/JPY - 102.55
Although USD's rebound from Mon's 7-week bottom of 101.77 to 102.93 signals recent fall from Jan's 5-yr peak at 105.45 has made a minor low,
subsequent retreat to 102.20 in NY suggests as long as 102.93 holds, decline would resume to 101.62, then 101.40.
AceTraderFx Jan 29: Dollar trades mixed against other major currencies ahead of Fed's
Market Review - 28/01/2014 21:33GMT
Dollar trades mixed against other major currencies ahead of Fed's meeting
The greenback traded mixed versus other major rivals on Tuesday as investors turned their attention to the outcome of the Federal Reserve's two-day policy meeting on Wednesday. Market participants are expecting that Fed will cut its asset purchase program by another $10 billion, to $75 billion per month after December last year.
During the day, although the single currency retreated after meeting renewed selling interest at 1.3688 ahead of European open and then tanked to 1.3629 in tandem with cable in European morning, price rebounded strongly to 1.3686 in New York morning on dollar's broad-based selloff after disappointing U.S. durable goods orders reports. Later, euro stabilized around 1.3660 later and traded in a relatively narrow range for rest of the New York session.
U.S. the Commerce Department said on Tuesday that durable goods orders tumbled 4.3% last month, confounding expectations for a 1.8% gain. Orders for durable goods in November were revised to a 2.6% increase from a previously reported gain of 3.4%.
U.S. dollar rose against the Japanese yen after finding support at 102.49 in Australia on Tuesday and penetrated Monday's high of 102.93 to 103.25 in early European trading in part due to cross-selling in yen, however, broad-based weakness in greenback during the New York morning pressured price back to 102.63 before rebounding on short-covering.
Cable fluctuated widely on Tuesday. Despite extending gain from Monday's low at 1.6471 to an intra-day high of 1.6627 ahead of European open, price fell to 1.6536 in European morning after preliminary data showed that the U.K. economy grew in line with expectations in the fourth quarter but added to uncertainty over the Bank of England's forward guidance. Later, price climbed back to 1.6578 and then higher to 1.6615 in New York morning before easing.
Report from U.K showed that the economy grew 0.7% in the final three months of 2013, slightly down from growth of 0.8% in the previous quarter, and expanded 2.8% from a year earlier.
On the data front, the Conference Board said its index of U.S. consumer confidence improved to 80.7 this month from a downwardly revised 77.5 in December. Market had expected the index to rise to 78.9.
Data to be released on Wednesday:
Australia Westpac leading economic index, U.K. nationwide house prices, Germany consumer confidence, Swiss UBS consumption indicator and U.S. FOMC rate decision.
AceTraderFx Jan 29: Intra-day recommendation on Major USD/JPY
INTRA-DAY OUTLOOK ON USD/JPY- 103.14
29 Jan 2014 00:52 GMT
Despite dlr's brief jump in Aust. abv Tue's 103. 25 high to 103.44 due to rebound in emerging market currencies.
Intra-day retreat suggests corrective rise fm Mon's 7-week low at 101.77 has made a minor top n pullback to 102.95/00 may be seen.
AceTraderFx Jan 29: Daily Outlook on Asian Exotic USD/SGD
DAILY USD/SGD OUTLOOK - 1.2728
29 Jan 2014 00:31GMT
Dlr's weakness vs Asian peers due to rebound in
emerging market currencies Tue suggests decline fm
last Fri's 4-mth top at 1.2830 wud head to 1.2678.
Venture selling for this move but 1.2651 wud hold
n only abv 1.2756 (NY) risks 1.2774 b4 down.
STRATEGY : Sell at market
OBJECTIVE : 1.2678
STOP-LOSS : 1.2758
RES : 1.2756/1.2774/1.2820
SUP : 1.2709/1.2684/1.2631