Intraday trading signal - page 173
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AceTraderFx Jul 2: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
02 Jul 2015 02:11GMT
USD/JPY- ..... Dlr rallied to 123.24 in NY on Wednesday as release of a slew of upbeat U.S. eco. data led to broad-based demand for the greenback.
Despite a brief retreat to 122.89 on profit-taking and in part due to cross-buying in yen, dlr rebounded in NY afternoon and rose to 123.43 in Tokyo morning on Thursday as gain in the Nikkei boosted risk appetite (N225 was last seen up 1.18% at 20570).
Today's focus for the greenback is on release of the key U.S. jobs reports and then the factory orders in NY morning, until then, buying dlr on dips in anticipation of further headway to 124.00 level is recommended.
At the moment, bids are reported at 123.30/25 and then 123.15/10 with stops emerging below 123.00, whilst offers are noted at 123.60-70 and more around 123.85/90 with stops building up just above 124.00.
The non-farm payrolls figure for June (scheduled one day earlier than normal due to national holidays Stateside on Friday for the weekend's 4th July celebrations) will be released at 12:30GMT, along with a barrage of other labour-market data such as the unemployment rate, average hourly earnings, and weekly jobless claims.
Market expects the data to show an increase of 230K payrolls in the US economy last month, down from 280K in May which was the highest since Dec 2014.
Meanwhile, the estimates for U.S. unemployment rate, averaged hourly earnings and weekly jobless claims are 5.4%, 0.2% and 270K vs previous readings of 5.5%, 0.3% and 271K respectively.
Thursday will see the release of U.K. BRC shop price index, Australia's trade balance, U.K. Nationwide house price and Markit construction PMI, eurozone producer prices, ECB monetary policy meeting, non-farm payrolls, unemployment rate, initial jobless claims, ISM, factory orders and durable goods.
AceTraderFx Jul 2: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 02 Jul 2015 08:17 GMT
USD/JPY - 123.57
Dollar's rebound from Tuesday's fresh 1-month trough at 121.94 and then yesterday breach of 123.19/23 signals decline from June's near 13-year peak at 125.86 has formed a temporary low there and consolidation with upside bias remains.
However, break of resistance at 123.99 is needed to retain bullishness for stronger gain towards 124.40/50 later.
On the downside, only a daily close below 122.61 (previous resistance, now support) would indicate correction is over and yield weakness towards 122.10.
AceTraderFx Jul 2: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
02 Jul 2015 08:20GMT
EUR/USD- ...... Although the single currency recovered after early intra-day fall to 1.1032 ahead of Asian open and then staged a brief rise to 1.1087 in European morning in part due to cross-buying in euro, renewed selling quickly emerged there and knocked price down to 1.1048.
Looks like range bound inside 1.1032-1.1087 would continue ahead of NY open as investors are reluctant to enter large positions ahead of the release of important U.S. jobs report in NY morning.
At the moment, offers are noted at 1.1070-80 and then around 1.1200 with stops building up just above there, whist bids are tipped at 1.1040/35 and more around 1.1020/15 with mixture of bids and stops at 1.1000.
AceTraderFx Jul 3: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
03 Jul 2015 02:46GMT
GBP/USD - 1.5608... Although cable staged a rebound from a fresh 2-1/2 week trough at 1.5580 in European morning on Thur n climbed to 1.5624 after release of upbeat Markit/CIPS construction PMI, active cross-selling in sterling knocked price lower to 1.5562 in NY morning before broad-based weakness in the greenback lifted price briefly to 1.5640 after tepid U.S. jobs data. Later, cable edged lower to 1.5592 near NY close and then climbed back to 1.5624 in Asia on Friday.
Today's focus for the British pound is on the release of important Markit/CIPS service PMI at 08:30GMT.
Street forecast is for reading to improve to 57.4 in June compares to 56.5 in previous month. Until then, sideways range trading inside yesterday's intra-day range of 1.5562-1.5640 is likely to be seen.
At the moment, bids are tipped in 1.5580-60 region with stops building below 1.5550, whilst offers are reported at 1.5630-40 with selling interest from various accounts up from 1.5660 to 1.5680.
Friday will see the release of Australia's retail sales, China's HSBC services PMI, Germany's and U.K. Markit services PMI, eurozone retail sales. U.S. will be closed for Independece Day holiday on Friday.
AceTraderFx Jul 3: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 03 Jul 2015 03:30 GMT
EUR/USD - 1.1095
Despite euro's retreat to as low as 1.1032 on Thursday after Monday's strong rally from a fresh 1-month trough at 1.0955 to as high as 1.1279, yesterday's intra-day rebound to 1.1122 in New York morning on tepid U.S. jobs reports suggests further choppy sideways trading would continue until the Greek referendum on July 5.
Above 1.1122 would yield gain to 1.1171 but reckon 1.1200/10 would cap upside today, whilst below 1.1032 would bring further weakness to 1.0990-1.1000 before rebound occurs.
AceTraderFx Jul 3: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 03 Jul 2015 08:12 GMT
USD/JPY - 123.10
Dollar's retreat after rallying from Tuesday's fresh 1-month trough at 121.94 to as high as 123.75 yesterday suggests the first leg of correction has ended there and choppy trading with downside bias would be seen.
However, reckon price would keep above 122.10 support and bring rebound later.
On the upside, only a move back above 123.75 would signal decline from June's near 13-year peak at 125.86 is still being retraced and yield another corrective up move to 123.99 and then 124.40/50 next week.
AceTraderFx Jul 3: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
03 Jul 2015 08:33GMT
GBP/USD- 1.5625... Despite cable's choppy sideways move in a relatively narrow range of 1.5602-1.5623 in Asian and early European session, price jumped briefly to 1.5649 following the release of upbeat UK service PMI.
On Friday, The Chartered Institute of Purchasing & Supply and the NTC Economics Service sector activity in the U.K. rose more-than-expected last month.
It said that U.K. Services PMI rose to a seasonally adjusted annual rate of 58.5, from 56.5 in the preceding month.
At the moment, bids from various accounts are building up at 1.5610-00 and more around 1.5590 with mixture of bids and stops at 1.5570-60.
On the upside, offers are tipped at 1.5645/50 and more around 1.5670 with stops emerging further out above 1.5700.
AceTraderFx Jul 6: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
DAILY MARKET OUTLOOK
Update Time: 06 Jul 2015 01:00 GMT
EUR/USD - 1.1020
Despite euro's gap-down open on Monday and then a sell off to 1.0969 following Greek 'No' vote, subsequent rebound suggests further choppy trading inside near term established range of 1.0955-1.1279 would continue but only a daily close above 1.1122 would encourage for further gain to 1.1171 and then 1.1244 before prospect of a retreat.
Below 1.0955 would signal early fall from June's peak at 1.1440 has resumed and extend weakness towards 1.0887 but key support at 1.0819 (May's bottom) should hold on 1st testing.
AceTraderFx Jul 6: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
06 Jul 2015 02:32GMT
USD/JPY- ...... Despite dlr's 'gap-down' open on Mon to a fresh 1-month trough at 121.70 in NZ as the Greek 'no' vote results triggered active cros-buying of yen on risk aversion, short-covering quickly lifted price ahead of Asian and dlr later climbed back to 122.71 in Tokyo morning before easing.
Although aforesaid intra-day rebound suggests consolidation with mild upside bias would be seen ahead of European open, intra-day weakness in Nikkei index (N225 was last seen down 1.36% to 20261) should prevent sharp gain above 122.00 level and yield retreat later, therefore, whilst buying on dips is recommended in Asia, position traders can look to sell on next intra-day rise.
At the moment, bids are noted at 122.30-20 and around 122.00 with stops located below 121.70, whilst offers from various accounts are tipped at 122.90-00 and then 123.20-30 with stops building just above 123.50.
This weekwill see the release of Japan's Coincident Indicator, Leading Indicator, Germany's Industrial Orders, Swiss CPI, eurozone Sentix Index, U.S. Markit Service PMI, Employment Trends, ISM non-manufacturing PMI, Canda's Ivey PMI on Monday.
Australia's RBA rate decision and statement, Swiss Unemployment Rate, Germany's Industrial Output, U.K. Industrial Output and International Trade, Canada's Exports, Imports and Trade Balance, U.S. Redbook on Tuesday.
U.K. BRC Shop Price Index, Japan's Current Account, Economy Watchers Poll, U.K. Budget Report, Canada's Building Permits and U.S. FOMC Minutes on Wednesday.
New Zealand's Business NZ PMI, U.K. RICS Housing Survey, Japan's Machinery Orders, Australia's Consumer Inflation, China's CPI, Australia's Unemployment Rate, Germany's Trade Balance, Exports, Imports, U.K. BOE rate decision, Canada's Housing Starts, New Housing Price Index, U.S. Initial Jobless Claims on Thursday.
Japan's Corp Goods Price, Australia's Housing Finance, Invest Housing Finance, Japan's BoJ Monthly Eco. Survey, Consumer Confid. Index, U.K. Goods Trade Balance, Canada's Employment Change, Unemployment Rate, U.S. Wholesale Inventories, Wholesale Sales and Monthly Budget Statement on Friday.
AceTraderFx Jul 6: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
06 Jul 2015 07:45GMT
USD/JPY- ...... Although intra-day active cross-selling in yen lifted price from a fresh 1-month trough at 121.70 (NZ) to 122.71 in Asia, price retreated to 122.19 ahead of European open before climbing back to 122.67.
As focus is on other usd/majors, fund flow should dominate the market ahead of NY open.
At present, bids are reported at 122.25/20 and then 122.00 with stops located below 121.70, whilst offers from various accounts are touted at 122.90-00 and more at 123.20-30 with stops building just above 123.50.