Intraday trading signal - page 94
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AceTraderFx April 24: Daily Outlook on Minor- NZD/USD
DAILY NZD/USD OUTLOOK- 0.8625
24 Apr 2014 05:11GMT
Kiwi's intra-day rally from 0.8580 to 0.8638 after
RBNZ's expected rate hike signals the 1st leg of
correction from 0.8746 has ended at 0.8556 on Mon.
Reckon 0.8673 (61.8% r) would cap upside and yield
retreat. Sell for 0.8585 but 0.8575/80 would hold.
STRATEGY : Sell at 0.8660
OBJECTIVE : 0.8585
STOP-LOSS : 0.8698
RES : 0.8649/0.8673/0.8707
SUP : 0.8605/0.8566/0.8556
AceTraderFx Apr 24: Intra-Day Market Moving News and Views EUR/USD, USD/JPY
Intra-Day Market Moving News and Views EUR/USD, USD/JPY
24 Apr 2014 08:32GMT
EUR/USD - 1.3836... The single currency traded with a firm bias in Asia today n despite a brief but sharp move lower to 1.3812 at European open on the release of weak French data, price found renewed buying there and rose to an intra-day high at 1.3841 after the release of better-than-expected German IFO business climate.
Bids are now seen at 1.3815/20 n more below at 1.3790/00 with stops building up below there whilst initial offers are noted at 1.3860/65.
Germany IFO business climate n expectations came in better-than-expected at 111.2 n 107.3 vs forecasts of 110.4 n 105.8 respectively.
IFO economist Wohlrabe says 'Ukraine crisis is currently having no effect on German economy but is a background factor; positive fundamental mood prevails, Germany is in upturn.'
24 Apr 2014 08:31GMT
USD/JPY - 102.42... Japan EconMin Akira Amari says 'U.S. n Japan made progress in trade talks, but problems remain; Japan will continue trade talks with U.S.; cannot resolve remaining issues in U.S. trade talks in short period of time.'
AceTraderFx April 25: Daily Market Outlook on USD/JPY
DAILY MARKET OUTLOOK USD/JPY- 102.40
Update Time: 25 Apr 2014 01:44 GMT
Despite yesterday's retreat to 102.09, subsequent rebound in Asian morning suggests dollar's choppy consolidation below Wednesday's high at 102.73 is likely to continue with neutral bias. A breach of 102.73 would confirm erratic up move from April's low at 101.32 has once again resumed and extend gain to 103.06, however, loss of momentum should cap price at 103.39/40 today.
On the downside, a breach of 101.86 would indicate the recovery from 101.32 is over instead and weakness to 101.50 and 101.32 would follow.
AceTraderFx Apr 25: Market Outlook on Asian Exotic USD/IDR
USD/IDR DAILY OUTLOOK - 11585
25 Apr 2014 04:53GMT
Dlr's retreat from Wed's 7-week high of 11665 to
11565 today confirms recent up move from 11255 (Mar)
has made a temp. top and consolidation is seen b4 up.
Still favour buying again on dips for 11620 1st
and only below 11525 risks stronger retrace. to 11460
STRATEGY : Buy at 11550
OBJECTIVE : 11620
STOP-LOSS : 11510
RES : 11625/11665/11690
SUP : 11565/11525/11465
AceTraderFx Apr 28 : Intra-Day Market Moving News and Views USD/JPY
Intra-Day Market Moving News and Views USD/JPY
28 Apr 2014 01:52GMT
USD/JPY - 102.10.. source from JiJi news - Japan's FinMin Taro Aso says on Mon yen has weakened due to monetary, fiscal stimulus, will continue with this direction. He says he would stick to this policy stance.
Several minutes earlier, Bloomberg reported comments from Aso who said likely can't avoid corporate tax cut to keep competitiveness; need a broad discussion of corporate tax including the tax base; wants the tax panel to carefully consider corporate tax.
Japan's Nikkei stock average opened down 0.9% due to increased tensions in Ukraine as the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, the President of the European Council and the President of the European Commission (G7) joined in over the weekend expressing the deep concern at the continued efforts by separatists backed by Russia to destabilize eastern Ukraine and our commitment to taking further steps to ensure a peaceful and stable environment for the May 25 presidential election.
On the data front, Japan's retail sales rose by 6.3% n 16.1% in March, their fastest pace in 17 years ahead of a sales tax hike, versus economists' forecast of 6.0% n 13.8% respectively. However, the Japanese yen showed little reaction to the data as investors are awaiting the release of new economic projections by the Bank of Japan, following its meeting on Wednesday.
Market players expected the BOJ is likely keep its inflation forecast for fiscal 2015 roughly unchanged from the current 1.9% and is also set to estimate fiscal 2016 inflation close to 2%.
Some offers are tipped at 102.30-40 n more at 102.60/65 whilst mixture of bids and stops is located at 101.90 n 101.85 with bids are reported at 101.55/60.
AceTraderFx Apr 28, 2014: Intra-Day Market Moving News and Views GBP/USD
Intra-Day Market Moving News and Views GBP/USD
28 Apr 2014 06:34GMT
GBP/USD - 1.6807.. Cable swung fm early loss to slight gain at European open. Despite falling in tandem with eur/usd initially at Asian open to 1.6777 (Reuters), short-covering quickly lifted the pound n early European birds were spotted buying sterling vs usd, eur & yen as w/end FT news of Pfizer's public offer for U.K. AstraZeneca came back to the forefront - just like when the news first broke last Tue (pushing cable fm 1.6785 to 1.6839).
Although cable has basically risen on this speculative news, reported heavy offers at 1.6835/45 need to be absorbed for the pound to make a new print on 2014 high. For now, trading fm long side is the way to go with bids now touted at 1.6800-1.6790 n more below with stops below 1.6760.
28 Apr 2014 02:51GMT
GBP/USD - 1.6790.. Cable pares intra-day loss on short covering ahead of Tokyo lunch after intra-day euro-led retreat fm 1.6807 (NZ) to 1.6777 (Reuters) after tripping stops below Fri's low at 1.6790. Traders reported selling by st specs at Asian open on stop hunting as despite Fri's brief jump to session high of 1.6834 after stronger-than-expected U.K. retail sales, report of lumpy offers at 1.6835/40 spooked st buyers n the pound later ratcheted lower to 1.6795 in NY afternoon. The lack of follow-though selling below 1.6790 suggests intra-day selling is done as traders are aware of near term bids abv last week low at 1.6762.
Range trading with mild upside bias is seen until European open n w/end FT news of U.S. phaurmaceutical giant Pfizer could make a public bid to purchase U.K. durgmaker AstraZeneca, buying cable on dips is preferred. No major U.K. data is due out today although we have Lloyds Bank Business Confidence Barometer for Apr at 08:30GMT, the index hit an all-time high of 66 in Feb but retreated to 44 in Mar. Traders are keeping their powder dry ahead of release of Tue's key U.K. preliminary Q1 GDP.
AceTraderFx Apr 28, 2014: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
28 Apr 2014 09:33GMT
EUR/USD - 1.3872... German gov't spokesman says 'Russia shud use its influence on separatists in Ukraine to ensure OSCE observers are released.'
The single currency found renewed buying at 1.3818 at European open n jumped to 1.3876 in early European morning in tandem with cable after tripping stops at 1.3850/55. Bids are now raised to 1.3855/60 n more below at 1.3840/50 with stops building up below there.
Mkt focus is now on the release of EU inflation figures later this week, as that wud give some indication on the possibility of ECB deploying unconventional measures to manage the Eurozone.
ECB's Constancio says 'have no target in mind for April inflation data; it is not just one or two numbers that matter but medium-term outlook; we are not entirely out of the danger zone, it is too soon to declare the crisis over; Eurozone challenges include a low inflation period that threatens to aggravate debt overhand besetting some gov'ts; there are several policy instruments available, we will act if we see we need to.'
ECB's Noyer says 'euro strength is a powerful deflationary factor; ECB willing to use unconventional measures if needed; Hollande's plan to cut charges, spending unavoidable.'
AceTraderFx Apr 29: Intra-Day Market Moving News and Views EUR/USD USD/JPY
Intra-Day Market Moving News and Views EUR/USD USD/JPY
29 Apr 2014 01:47GMT
EUR/USD - 1.3860 ... The single currency rebounded strongly from 1.3815 to 1.3880 in Europe yesterday on speculation that Germany's inflation may outpace the economists' expectation of no change. However, dollar's broad-based strength on the release of upbeat U.S. pending home sales knocked price lower to 1.3840 in NY before recovering to 1.3864/65 in Asian morning. Offers are now tipped at 1.3875 n more at 1.3900/10. On the downside, bids are located at 1.3825, 1.3820-10 n 1.3800.
Germany will release its March's CPI at 12:00GMT. Investors are also focusing on the release of eurozone economic and consumer confidence in April at 09:00GMT.
29 Apr 2014 01:13GMT
USD/JPY - 102.50.. Source from Yonhap news agency - North Korea sets areas near disputed sea border with S. Korea for firing drills.
Dlr has shown muted reaction to the news n Japanese markets are closed for Showa Day holiday, therefore, movement in dlr yen is likely to be narrow until European open. Today's holiday is the first national holiday making up the so-called 'Golden Week'. The other holidays fall on May 3-5.
AceTraderFx Apr 29: Daily Outlook on USD/JPY
DAILY MARKET OUTLOOK USD/JPY - 102.49
Update Time: 29 Apr 2014 00:42 GMT
As U.S. dollar rebounded after finding renewed buying at 102.04 on Monday in part due to renewed cross selling in Japanese yen, suggesting the pullback from last Tuesday's high at 102.73 has possibly ended at 101.96 last Friday and a breach of aforesaid resistance would confirm up move from April's low at 101.32 to retrace decline from April's 2-1/2 month peak at 104.13 has resumed, yield further gain to 103.06 (61.8% r).
On the downside, only a breach of 101.86/91 support area would prolong recent choppy consolidation and may risk weakness to 101.50 but 101.32 support would hold initially.
AceTraderFx April 29: Forex Market Outlook on Asian Exotics USD/SGD
DAILY USD/SGD OUTLOOK - 1.2566
29 Apr 2014 06:32GMT
Although intra-day retreat from 1.2582 suggests
further choppy trading below Fri's 2-wk high at 1.2596
would continue b4 up move from 1.2451 (Apr) resumes.
Hold long in anticipation of such move and only
below 1.2547/49 risks weakness toward 1.2524 (50% r).
STRATEGY : Long at 1.2560
POSITION : Long at 1.2560
OBJECTIVE : 1.2610
STOP-LOSS : 1.2540
RES : 1.2596/1.2619/1.2650
SUP : 1.2547/1.2522/1.2506