Intraday trading signal - page 156
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AceTraderFx Apr 27: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 27 Apr 2015 01:18 GMT
EUR/USD - 1.0865
Euro's rally to a fresh 2-1/2 week peak at 1.0899 last Friday signals up move from April's bottom at 1.0521 has resumed and further gain to 1.0950/60 would be seen.
However, reckon 1.1000 would cap upside due to near term loss of momentum and bring strong retreat later this week.
On the downside, a daily close below 1.0785 would confirm a top is made and bring correction towards 1.0733 before prospect of a rebound.
AceTraderFx Apr 27: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
27 Apr 2015 02:27GMT
USD/JPY- ...... Although dlr has remained under pressure following Fri's intra-day decline from 119.66 to 118.82 and then a brief drop to 118.78 in Tokyo morning, short-covering in the greenback lifted price to 119.01.
Expect fund flow to dominate the market in Asia and European morning due to the thin economic calendar but selling the greenback on intra-day recovery is recommended as diminishing expectations of Fed's rate hike in H1 2015 after recent release of a slew of soft U.S. economic data should weigh on the demand for USD today.
Having said that, investors should pay attention to the release of U.S. Markit service PMI at 13:45GMT as market forecasts the reading to improve to 59.5 in Apr from 59.2 in preceding month and may keep price above the key support at 118.33 (reaction low from Mar's 8-year peak at 122.03) on 1st testing.
At the moment, offers are tipped at 119.05/10 and then 119.20-30 with mixture of offers and stops located at 119.40-50.
On the downside, bids are placed at 118.80-70 and then 118.50-30 region with stops building below 118.30.
This weekwill see the release of U.K. CBI Trends - Orders, U.S. Markit Service PMI on Monday. New Zealand will be closed for ANZAC Day holiday.
Japan's retail sales, U.K. GDP, U.S. Redbook, consumer confidence and Richmond Fed composite index on Tuesday.
New Zealand's imports, exports and trade balance, Swiss UBS consumption indicator, eurozone business climate, consumer confidence, economic sentiment, U.K. CBI distributive Trades, Germany's CPI and HICP, Canada's producer prices, U.S. pending homes sales, FOMC rate decision on Wednesday.
New Zealand's interest rate decision, U.K. GfK consumer confidence, Japan's industrial output prelim., IP forecast, Australia's imports and exports, Japan's construction orders and housing starts, Swiss KOF indicators, Germany's unemployment rate, eurozone flash inflation and unemployment rate, U.S. PCE price index, core PCE and Chicago PMI on Thursday.
Japan's unemployment rate, CPI and China's NBS manufacturing PMI, Australia's PPI, Japan's manufacturing PMI, U.K. Markit/CIPS manufacturing PMI and mortgage approvals, U.S. ISM manufacturing PMI and construction spendingon Friday.
AceTraderFx Apr 27: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
27 Apr 2015 02:32GMT
GBP/USD - ...... Although the British pound rallied to a fresh 6-week high of 1.5188 at Friday's NY close, price moved sideways in subdued Asian trading.
Although recent broad-based weakness in the greenback has pushed price sharply higher from its Apr's fresh near 5-year trough at 1.4566 and buying the British pound on dips is recommended, profit should be taken on next up move as the uncertainty ahead of Britain's May 7 election (see previous MMN updates) should cap upside below 1.5500 level this week. Major U.K. economic data for the pound is the release of preliminary Q1 GDP tom where forecast for annual 2.6% increase vs previous reading of 3.0%.
At the moment, bids are noted at 1.5160-50 and then 1.5130-20 with mixture of bids and stops located at 1.5100-1.5090.
On the upside, offers from profit-taking are located at 1.5190-00 and more at 1.5220-30 with real selling interest emerging just above 1.5250.
AceTraderFx Apr 27: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 27 Apr 2015 08:05 GMT
USD/JPY - 119.23
Although dollar's retreat from last Thursday's high of 120.09 to 118.82 on Friday strongly suggests the correction from last Monday's 3-week through at 118.53 has ended there, intra-day rebound after marginal fall to 118.78 suggests further choppy trading above said support would be seen, however, reckon resistance at 119.66 would hold and bring another sell off later.
Below 118.78 would bring re-test of 118.53, break would signal erratic decline from March's near 8-year peak at 122.03 has resumed and bring re-test of 118.33 (reaction low from 122.03) and then towards 118.00.
AceTraderFx Apr 28: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 28 Apr 2015 01:14 GMT
EUR/USD - 1.0877
Euro's rally above last Friday's 2-1/2 week peak at 1.0899 to 1.0927 in New York signals up move from April's bottom at 1.0521 has resumed and up side bias remains for further gain to 1.0950/60 after consolidation.
However, reckon 1.1000 would cap upside due to near term loss of momentum and bring strong retreat later this week.
On the downside, a daily close below 1.0785 would confirm a top is made and bring correction towards 1.0733 before prospect of a rebound.
AceTraderFx Apr 28: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
28 Apr 201500:37GMT
USD/JPY- ..... Earlier report on Japanese retail sales fell 9.7% in March compared with the same month last year, when sales had surged the most in 17 years ahead of a consumption-tax increase, gov't data showed on Tuesday.
The result compared with the median forecast for a 7.3% year-on-year drop in a Reuters poll of 17 economists.
Compared with the previous month, sales fell 1.9% on a seasonally adjusted basis.
Credit ratings agency Fitch downgrades Japan to A, outlook stable from A+ and said that the outlooks on the long-term IDRS are stable, and the country ceiling is downgraded to AA fm AA+ together with the short-term foreign currency IDR is downgraded to F1 from F1+.'
Tuesdaywill see the release of Japan's retail sales, U.K. GDP, U.S. Redbook, consumer confidence and Richmond Fed composite index.
AceTraderFx Apr 28: Intra-day Market Moving News and Views (EUR/USD)
Intra-Day Market Moving News and Views
28 Apr 2015 06:48GMT
EUR/USD - ...... The single currency moved inside in a relatively narrow range of 1.0867-1.0884 in subdued Asian trading before staging a brief rise to 1.0896 shortly after European open.
Investors showed muted reaction to the comments from ECB's Noyer (see our previous MMN).
In European morning, INSEE showed the French consumer confidence rose in April, French consumer confidence rose to 94 from 93 in the preceding month, in line with market's expectation.
At previously mentioned, bids are noted at 1.0850/45 and then 1.0820-10 with mixture of bids and stops located at 1.0800-1.0700.
On the upside, offers are reported at 1.0920-30 with some stops building above 1.0960.
ECB's Noyer, on French Radio talked it's possible for French 2016 growth to start creating jobs, possible for French growth to be above 1.5% next year; and substantial reform efforts still required for French job creation, a reshuffle of Greek negotiating team can help negotiations & reshuffle does not however change substance, which is about the reforms needed.
AceTraderFx Apr 28: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 28 Apr 2015 08:02 GMT
USD/JPY - 119.07
Dollar's breach of 118.82 (Friday) to 118.78 yesterday strongly suggests the correction from last Monday's 3-week through at 118.53 has ended at 120.09 last Thursday and despite subsequent intra-day rebound to 119.44, reckon resistance at 119.59/66 would hold and downside bias remains for another decline later.
Below 118.78 would bring re-test of 118.53, break would signal erratic fall from March's near 8-year peak at 122.03 has resumed and bring re-test of 118.33 (reaction low from 122.03) and then towards 118.00.
AceTraderFx Apr 29: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 29 Apr 2015 01:00 GMT
EUR/USD - 1.0978
Euro's rally above Monday's high of 1.0927 to a fresh 3-week peak at 1.0991 in New York signals up move from April's bottom at 1.0521 remains in force and further gain to daily chart resistance at 1.1036 would be seen after consolidation, however, reckon upper level of early broad range of 1.0457-1.1062 would hold on first testing and bring retreat later.
On the downside, only a daily close below 1.0927 would suggest a top is made and bring correction towards 1.0860 before prospect of a rebound.
AceTraderFx Apr 29: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 29 Apr 2015 08:01 GMT
USD/JPY - 119.02
Dollar's breach of Monday's low at 118.78 yesterday strongly suggests the correction from last Monday's 3-week through at 118.53 has ended at 120.09 last Thursday and despite subsequent intra-day rebound to 119.44, reckon resistance at 119.59/66 would hold and downside bias remains for another decline later.
Below 118.53 would signal erratic fall from March's near 8-year peak at 122.03 has resumed and bring re-test of 118.33 (reaction low from 122.03) and then towards 118.00/04.