Intraday trading signal - page 170
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AceTraderFx Jun 22: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:22 Jun 2015 02:07 GMT
EUR/USD - 1.1371
Despite Friday's strong retreat to 1.1292 in Europe, subsequent rebound to 1.1366 in New York and today's higher open in New Zealand, then intra-day gain to 1.1385 in Asia on renewed market optimism of a last-minute Greek deal would be struck later today.
This suggests early correction from last Thursday's 3-week high at 1.1440 has ended and consolidation with upside bias is seen.
Only a break of 1.1440 would retain bullishness for re-test of May's key 3-month peak at 1.1467.
Therefore, buying euro on intra-day pullback is the way to go and only below 1.1292 would dampen present bullish bias.
The risk then would shift to the downside for a stronger retracement of recent upmove towards next chart objective at 1.1230/40 before prospect of a rebound.
AceTraderFx Jun 22: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
22 Jun 2015 08:26GMT
EUR/USD- 1.1327.. Euro tumbles to intra-day low of 1.1315 as initial market optimism over a Greek debt deal quickly fizzled out once the single currency ran into heavy offers at 1.1404 shortly after European open as market awaits status of several round of talks between Greece and its international creditors.
Reuters reported Greek PM Alexis Tsipras will meet EC President Jean-Claude Juncker, ECB President Mario Draghi, IMF head Christine Lagarde n EZ FinMins chairman Jeroen Dijsselbloem at 09:00 GMT.
EZ finance ministers are due to meet 90 minutes later and a summit of prime ministers n presidents is due at 17:00 GMT (originally reported at 15:00GMT, pls check later on for precise time).
Look like another roller-coaster session is in store in Europe n NY morning as traders keep a close watch on breaking news on Greece.
Offers are tipped at 1.1355/65 and more above with 1st layer of stops touted above 1.1410.
Initial bids are noted at 1.1215-05 with stops reported below 1.1290.
AceTraderFx Jun 22: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 22 Jun 2015 08:40 GMT
USD/JPY - 123.09
Although dollar's sell off from 124.46 (post-FOMC high on Wednesday) to 122.48 Thursday signals correction from last Wednesday's 2-week trough at 122.47 has ended there.
Subsequent rebound suggests choppy sideways trading would be seen but as long as said resistance holds, downside bias remains for erratic decline from June's near 13-year peak at 125.86 to retrace long-term uptrend to resume and extend weakness towards 122.03 (March's top) later.
Above 124.46 would bring stronger retracement but 125.00 (previous support, now resistance) should remain intact.
AceTraderFx Jun 23: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 23 Jun 2015 00:54 GMT
EUR/USD - 1.1342
Despite euro's erratic rise from last Friday's low at 1.1292 to 1.1410 in New York morning yesterday, subsequent intra-day sell off to 1.1321 suggests further choppy trading below last Thursday's 3-week peak at 1.1440 would continue and with mild downside bias, while below 1.1292 would indicate recent up move has made a temporary top and yield retracement towards 1.1250/60 later but support at 1.1206 should hold.
On the upside, only a break of 1.1467 (May's 3-month peak) would confirm mid-term up move from March's near 12-year trough at 1.0457 has resumed and extend gain towards 1.1510/20 and then 1.1560/70.
AceTraderFx Jun 23: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
23 Jun 2015 03:00GMT
GBP/USD - ..... Despite cable's sideways move in NY afternoon after early intra-day sell off from 1.5910 to 1.5806 on Monday, the pair tumbled again after meeting renewed selling at 1.5831 ahead of Asian open on Tuesday and then staged a sudden sell off to 1.5766 in part due to cross-selling in sterling.
Due to the thin U.K. economic calendar today, fund flow should dominate the market and the British pound is expected to track euro's intra-day swing closely.
Having said that, The Confederation of British Industry will release its survey on U.K. industrial trend for Jun at 10:00GMT and its is estimated to turn back into positive figure at 1 vs -5 in preceding month.
At present, fresh offers are building up at 1.5790-1.5810 region with mixture of offers and stops at 1.5830-40.
On the downside, bids are placed at 1.5750-40 and more around 1.5720 with demand from real money accounts at 1.5700.
Tuesday will see the release of Australia's CB leading index and home price index, China's HSBC manufacturing PMI, Germany's and eurozone Markit manufacturing PMI and services PMI respectively, U.K. inflation report hearing and CBI trends, U.S. durable goods, Redbook, monthly home price and new home sales.
AceTraderFx Jun 23: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
23 Jun 2015 07:51GMT
EUR/USD - ..... Although Euro recovered after a brief breach of Asian sup at 1.1257 to 1.1242 in European morning due to the release of upbeat PMI reports from France and Germany, renewed selling due to concerns over Greek debt after official comments capped such gain at 1.1282.
At present, investors are awaiting the release of euro zone PMIs at 09:00GMT, whilst Italy's industrial production n retail sales are to be released at 08:00GMT n 09:00GMT respectively.
Offers are reported at 1.1290-00 and then 1.1310/15 with mixture of offers and stops at 1.1320-30.
On the downside, bids from various accounts are placed at 1.1240-1.1230 and then 1.1210/05 with stops building just below 1.1200.
Earlier Austrian FinMin said that there would be no agreement on Greek proposals without a concrete plan for implementation, laws; and that a third Greek bailout programme must not be introduced through back door, and unless there was a concrete plan showing how they would be carried out.
Greece had took a step back from the abyss on Monday when it presented proposals that euro zone leaders welcomed as a basis for a possible agreement in the coming days to unlock frozen aid and avert a looming default.
AceTraderFx Jun 23: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 23 Jun 2015 08:15 GMT
USD/JPY - 123.68
Dollar's rally from Monday's low at 122.56 (Asia) to as high as 123.78 today suggests further choppy trading inside recent established broad range of 122.47-124.46 would continue and with mild upside bias.
However, only a break of said resistance would bring stronger retracement of decline from June's near 13-year peak at 125.86 to 124.62 and possibly towards 125.00 (previous support, now resistance) before retreat occurs.
On the downside, below 122.47 needed to signal stronger retracement of recent uptrend is underway and yield weakness to 122.03 and then 121.20/30.
AceTraderFx Jun 24: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 24 Jun 2015 01:10GMT
EUR/USD - 1.1163
Euro's erratic fall from last Thursday's 3-week peak at 1.1440 to as low as 1.1135 yesterday confirms early up move from May's bottom at 1.0819 has made a temporary top there and downside bias remains for a stronger retrace towards 1.1083 after consolidation.
However, reckon 1.1049/55 (daily chart support and 61.87% r of 1.0819-1.1440 would hold today and bring rebound later.
On the upside, only a move back above 1.1292 (previous support, now resistance) would indicate correction is over and bring subsequent gain towards 1.1340/50.
AceTraderFx Jun 24: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
24 Jun 2015 02:15GMT
USD/JPY- ...... Dlr pared intra-day gains in NY session on Tuesday as short-covering rebound in eur/usd led to long liquidation in the USD. During the day, dlr rallied from 122.35 (Aust.) to as high as 124.19 in NY morning following 'hawkish' comments from Fed Gov. Powell (also FOMC member) and then retreated to 123.64. Later, although dlr staged a rebound to 124.01 in NY afternoon, the pair retreated to 123.76 at Asian open on Wednesday after BoJ minutes.
Looks like choppy sideways trading below 124.19 is in store in Asia but buying on dips in anticipation for another up move toward last week's peak at 124.46 is still the favoured strategy.
Later in NY session, investors should pay attention to the release of PCE readings n the updated estimate of 1st-quarter U.S. GDP growth from U.S. Commerce Department at 12:30GMT.
For now, bids are reported at 123.65/60 n then 123.50-40 with mixture of bids and stops at 123.20-10.
On the upside, offers from various accounts are tipped at 124.00-10 and more around 124.20 with stops building above 124.50.
Wednesday will see the release of Japan's BoJ meeting minutes and CSPI, Canada's leading economic index, Swiss UBS consumption indicator, Germany's Ifo business climate, U.K. BBA mortgage approvals and financial stability report, U.S. GDP, price index, PCE and building permits.
AceTraderFx Jun 24:Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
24 Jun 2015 07:00GMT
GBP/USD - ..... Cable ratcheted higher after meeting renewed buying at 1.5724 in Aust. and then rallied to 1.5803 in European morning due to active cross-buying in sterling before easing. (EUR/GBP fell from 0.7113 to 0.7085 whilst GBP/YEN rose from 194.88 to 195.78)
At present, stops located above 1.5810 are now in focus but selling interest from various accounts is noted in 1.5830-40 region.
On the downside, bids are building up at 1.5770-60 and more around 1.5750 with mixture of bids and stops at 1.5730-20.