Intraday trading signal - page 109
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Acetraderfx Jul 24: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
24 Jul 2014 08:57GMT
EUR/USD - An EU source says 'German government believes EU cud move to sanctions on sectors of Russian economy by end of July; Germany government favours a time limit on how long new Russian sanctions should last.'
24 Jul 2014 07:55GMT
EUR/USD - ... Euro has swung from loss to gain in volatile European trading.
Although euro bears gave the single currency a broad-based bashing following FT headline of tough EU sanctions on Russia, price easily penetrated option barrier at 1.3450 n hit a fresh 8-month trough of 1.3438, however, better-than-expected Germany mfg & serv. PMIs triggered a wave of short-covering, euro quickly climbed above Asian 1.3463 high, then yesterday's top at 1.3474 to 1.3476.
Offers are noted at 1.3470/80 n these are fully absorbed, stops above 1.3491/96 may be hit. Bids are seen at 1.3460-50 n more below, suggesting choppy sideways trading may continue in European morning.
Germany manufacturing n services PMI came in better-than-expected at 52.9 n 56.6 vs forecasts of 52.0 n 54.5 respectively.
AceTraderFx Jul 25: Intra-Day Market Moving News & Views & data to be released today
Intra-Day Market Moving New and Views GBP/USD
25 Jul 2014 02:43GMT
GBP/USD - ... Cable gains respite in subdued Asian trading after tanking to a 4-week trough of 1.6967 on Thur as a tepid 0.1% m/m growth in Jun retails sales (vs forecast of 03% increase) triggered broad-based selling of sterling vs usd n eur.
As retail sales account for just under 6% of U.K. economic output, market is keenly awaiting the release of the 1st reading of Britain's Q2 GDP. Street forecast is looking for a q/q growth of 0.8% & an annual expansion of 3.1%. If actual quarterly figure disappoints, then recent expectation of the start of a rate hike near year-end wud be put in the back burner. If the reading is higher than forecast, then one can expect a short-covering rally back twd 1.7085/95.
Until then, offers are noted at 1.7000/10 n more abv, initial bids are reported at 1.6970-60 with more stops touted below 1.6950.
25 Jul 2014 02:21GMT
U.K. Telegraph :
The IMF cut its global growth forecast for 2014 from 3.7% to 3.4% in the latest update to its World Economic Outlook, warning that the advanced economies are still being weighed on by high levels of debt.
Ultra-low interest rates around the world are fuelling financial bubbles n pushing investors into overvalued assets, the IMF has warned in a marked shift of policy.
Olivier Blanchard, the IMF?s chief economist, said the fund is now watching financial markets "like a hawk" but said the world economy is still too fragile to withstand the introduction of tighter monetary policy. "The first line of defence should be macro-prudential tools; slowing down the housing market for example. The recovery is not very strong and really needs to be nurtured," he said. The report also said "Global growth could be weaker for longer, monetary policy should thus remain accommodative in all major advanced economies."
Fridaywill see the release of Japan National CPI, Tokyo CPI, Germany Gfk consumer confidence, Ifo current conditions, expectations, business climate, Italy unemployment, UK GDP and U.S. durable goods on Friday.
AceTraderFx Jul 25: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
25 Jul 2014 08:20GMT
EUR/USD- .. Ifo economist Wohlrabe said, quote:
'scale of drop in climate index surprising but wouldn't call it a change in trend;
geopolitical tensions come at same time as slowdown fm very good Q1 for German business;
German domestic business climate still strg but export expectations at lowest lvl in more than a year;
influence of Ukraine n mid-east conflicts cannot be measured in concrete terms;
expects German economic growth for 2014 to be as forecast at 2.0% or perhaps slightly higher.'
The single currency fell to intra-day low of 1.3443 after German Ifo Jul business sentiment index unexpectedly dropped to 108.0, forecast was 109.4.
However, talk of bids at 1.3440-30 n more below has contained weakness, so minor range trading abv y'day's fresh 8-month trough at 1.3438 is likely. Offers have been lowered to 1.3455/65 n more are tipped at 1.3475/85, suggesting selling euro on recovery is the way to go.
Earlier on, Euro maintains a steady posture at European opening n has shown muted reaction to the release of slightly better-than-expected German GfK consumer confidence.
The German consumer morale index climbed to its highest level in over 7 years. Aug reading came in at 9.0 vs forecast of 8.9 (prev. reading was 8.9).
As mentioned in previous update, market is awaiting release of the important German Ifo business climate index later at 08:00GMT where street forecast for Jul reading is 109.4 vs prev. reading of 109.7. If actual comes in lower than expectation, expect another round of euro bashing but if it is sharply higher, then be prepared for more broad-based short-covering in euro vs usd, yen & gbp.
AceTraderFx Jul 28: Intra-Day Market Moving News,Views & data to be released today
Intra-Day Market Moving New and Views USD/JPY
28 Jul 2014 02:43GMT
USD/JPY - .... The greenback continues to trade with a soft bias in Tokyo this morning after cross-inspired retreat from Friday's 2-week peak at 101.94 to 101.72 in NY as weekend's events in Russia-Ukraine n Middle East boosted yen demand at Tokyo open (eur/yen weakened 1 tick below Fri's 136.65 low).
Expect range trading to continue in Asia until European open, however, as the N225 index has shrugged off initial loss after Fri's decline in the Dow n has climbed to a fresh 6-month peak of 15.556, suggesting buying on dips is favoured. Later today, investors should pay attention to the release of Markit service PMI for U.S. n U.S. pending home sales data due at 13:45GMT n 14:00GMT respectively.
At the moment, offers are noted at 101.90-00 n around 102.10 with stops emerging abv 102.30. On the downside, bids are placed at 101.50-40 n then 101.30/25 with stops located below 101.20.
Next week will see the release of U.S. Markit Services PMI Flash, pending Homes Index and pending sales change on Monday; Japan’s unemployment rate and retail sales, Australian HIA home sales, Germany import prices, U.S.
Redbook and consumer confidenceon Tuesday.
Japan’s industrial output, industrial production forecast, Swiss KOF indicator, Eurozone business climate, economic and services sentiment, Germany’s CPI and HICP, U.S. ADP employment, Canada’s producer prices, U.S. GDP and FOMC rate decisionon Wednesday.
U.K. GfK consumer confidence, Australia’s building approvals and private home approval, Japan’s housing start and construction orders, Germany’s unemployment rate, Canada’s GDP and U.S. Challenger layoffs and Chicago PMI on Thursday.
China’s NBS manufacturing PMI, Australia’s PPI, Japan’s manufacturing PMI, China HSBC manufacturing PMI final, U.S. unemployment rate, Markit/CIPS manufacturing PMI, unemployment rate, PCE price index, private payrolls and non-farm payrolls, University of Michigan consumer confidence and ISM manufacturing PMI on Friday.
AceTraderFx Jul 28: Daily Market Review
Market Review - 26/07/2014 00:05GMT
Euro weakens to fresh 8-month low after upbeat U.S. durable good orders
The single currency hit a fresh 8-month low of 1.3421 against U.S. dollar after release of U.S. durable goods orders which rose more than market consensus in June together with the earlier release of weaker-than-expected German Ifo business sentiment index. U.S. durable goods came in better than expected at 0.8% versus forecast of 0.6% n previous revised figure of -0.1%.
Despite staging a brief bounce to 1.3476 in European morning, renewed selling interest emerged and price tumbled after the release of German Ifo Jul business sentiment index which unexpectedly dropped to 108.0 versus forecast of 109.4.
Euro remained under pressure in Europe and U.S. session due to ongoing tensions between Russia and Ukraine as well as weakness in European stock markets. UK's FTSE, Germany's DAX, France's CAC closed down by 0.5%, 1.6% n 1.9% respectively. European officials continued talks over plans to squeeze Russia with further sanctions following the downing of a Malaysia Airlines plane that killed almost 300 people last week. Price eventually weakened to a fresh 8-month low of 1.3421 in New York afternoon before recovering.
Market saw a knee-jerk reaction to bang-in-line U.K. GDP. Although a minor short-covering rebound occured after the release and lifted price from an intra-day low of 1.6968 to 1.6992, selling interest quickly emerged below 1.6990/00 and pound later ratcheted lower to a 4-week low of 1.6963 before recovering briefly to 1.6996 in New York morning.
Although U.S. dollar rose briefly against the Japanese yen to 101.94 in European morning, the selloff in global stock markets capped dollar's upside and the pair retreated to 101.72 in late New York on yen-buying due to renewed risk aversion as Dow Jones index fell by around 133 points to 16951.
AceTraderFx Jul 28: Weekly Technical Outlook & Trading Ideals on USD/CHF
WEEKLY USD/CHF TECHNICAL OUTLOOK
Last Update At 27 Jul 2014 23:30GMT
Trend Daily Chart
Sideways
Daily Indicators
Rising
21 HR EMA
0.9041
55 HR EMA
0.9031
Trend Hourly Chart
Up
Hourly Indicators
Bearish divergences
13 HR RSI
66
14 HR DMI
+ve
Daily Analysis
Consolidation b4 upmove resumes
Resistance
0.9157 - Jan 21 high
0.9082 - Feb 03 high
0.9052 - Lst Fri's 5-1/2 mth high
Support
0.9038 - Last Thur's high
0.9008 - Last Thur's low
0.8972 - Mon's low
. USD/CHF- 0.9048... The pair moved in exact opposite direction to eur/usd last week. Price met renewed buying at 0.8972 on Mon n rallied to a 5-1/2 month peak of 0.9038 Thur. Despite a brief pullback to 0.9008, the pair later climbed to 0.9052 due to usd's broad-based strength in NY session on Fri.
. Let's look at the bigger picture 1st, dlr's break of Jun's 0.9037 high to 0.9052 Fri confirms the 3-legged MT upmove fm 2014 near 2-1/2 year bottom at 0.8698 (Mar) has resumed. As long as 0.9004/08 holds, aforesaid rise shud head to next daily obj. at 0.9082 (Feb's top), abv wud bode well for dlr to extend twd 2014 peak at 0.9156 (Jan high). Having said that, as the daily oscillators' readings wud be in o/bot territory on such move, upside wud be ltd to 0.9196, this is equality proj. of 0.8698-0.9037 measured fm 0.8857 n chart res at 0.9251 (Nov 2013 top) shud remain intact. On the downside, only a daily close below 0.8972 (last week's low) signals dlr's uptrend fm 0.8698 has made a temp. top.
. Today, as current price is trading abv 21-hr n 55-hr emas, buying on dips is favoured but 'bearish divergences' on the hourly indicators shud cap price at 0.9100/03 n risk has increased for a minor correction to take place later.
AceTraderFx Jul 29: Intra-Day Market Moving News & Views & data to be released today
Intra-Day Market Moving New and Views USD/JPY
29 Jul 2014 01:33GMT
Statement from BoJ's broad member Koji Ishida, quote:
'Japan's economy continues to recover moderately;
exports continue to move sideways, lacking momentum;
structural factors, such as shift of Japan firms' production overseas, may be partly behind soft exports;
capex expected to increase moderately as a trend;
next month's Q2 GDP data likely to show negative growth but economy's positive momentum seen intact;
effect of April sales tax hike likely to subside gradually;
labour market conditions likely hold key to whether household spending will remain firm;
want to scrutinise whether companies increasingly translate costs to consumers through higher prices;
environment surrounding exports to gradually improve as global growth pick up, tough uncertainty remains;
QQE exerting intended effects on markets, Japan's 10-year JGB yield remains at very low levels;
inappropriate to judge if BoJ's target by looking at core CPI alone, must take into account other data too to guage overall price trend.'
Data to be released on Tuesday:
Japan unemployment rate, retail sales, Australia HIA home sales, Germany import prices, U.S. Redbook retail sales and consumer confidence.
AceTraderFx Jul 29: Daily Market Outlook on USD/JPY
Intra-Day Market Moving New and Views
29 Jul 2014 05:35GMT
USD/JPY - .... The pair flirts with 102.00 level ahead of European open after penetrating Fri's 2-week high of 101.94 as intra-day gain in the Nikkei to a fresh 6-month peak of 15632 triggered broad-based selling of yen. Present dlr's across-the-board strength vs G7 currencies also provides further sup to the dlr to head higher.
At present, offers at 101.95/05 are being absorbed, some stops are touted above there, however, more selling interest is noted at 102.25/35 which is likely to cap intra-day gain. For now, buying dlr on dips is still favoured n bids have been raised to 101.85/75 with stops below 101.60.
AceTraderFx Jul 30: Intra-Day Market Moving News & Views & data to be released today
Intra-Day Market Moving New and Views USD/JPY
30 Jul 2014 00:59GMT
USD/JPY- .... Statement Japan MTEI Official Quote:
'industrial production shows shipments falling for 5 straight months, which is similar to last time Japan entered recession.'
Last night U.S. President Obama announced expanded sanctions against Russia on Tuesday, just hours after the European Union imposed its most sweeping measures yet penalizing Moscow for its role in supporting separatists in neighboring Ukraine.
Wednesday will see the release of Japan’s industrial output, industrial production forecast, Swiss KOF indicator, Eurozone business climate, economic and services sentiment, Germany’s CPI and HICP, U.S. ADP employment, Canada’s producer prices, U.S. GDP and FOMC rate decision.
AceTraderFx Jul 30: Food for thought to traders & FX operation management
Intra-Day Market Moving News and Views
30 Jul 2014 03:49GMT
A piece of very interesting WSJ article Tue which is a food for thought to traders & the management of FX operations. Currency-trading volume is shrinking at the fastest pace since the financial crisis, the latest sign of the placid conditions that have frustrated traders in markets around the globe this year.
The amount of money changing hands daily in FX markets on average fell about 8% in Apr compared with the same period a year earlier, to $4.1 trillion, according to a survey by 6 central banks released Mon.
The drop was steepest in North America, where volumes plunged nearly 20%. The survey covered about 80% of global currency trading.
Many investors remain on the sidelines as they wait for more clarity in the Federal Reserve's timetable for raising interest rates, which is expected to cause major swings in the dollar's value against many currencies.
The Fed's policy committee may provide some direction on that after release of FOMC statements later today.
Banks and hedge funds are feeling the strain from sleepy market conditions. For the 10 largest global investment banks, trading revenue in the fixed-income, currencies n commodities (FICC) units that comprise FX trading plunged 15.7% in the first 3 months of the year fm the year-ago period.