Intraday trading signal - page 175
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AceTraderFx Jul 9: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 09 Jul 2015 01:10 GMT
EUR/USD - 1.1066
Despite euro's sell off to a fresh 5-week trough at 1.0916 on Tuesday, subsequent rally to 1.1053 and then 1.1093 yesterday signals decline from June's peak at 1.1440 has made a temporary low there and stronger retracement towards 1.1118/22 and 1.1171/78 is likely to be seen before another sell off occurs.
Below 1.0916 would yield resumption of aforesaid fall to 1.0887 but 'loss of momentum' should keep price well above key sup at 1.0819.
AceTraderFx Jul 9: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
09 Jul 2015 03:05GMT
GBP/USD - ...... The British pound continued its recent losing streak on Thursday as despite staging a brief bounce to 1.5467 at European open on Tuesday, price penetrated Tuesday's sup at 1.5413 and then dropped to a fresh near 1-month low at 1.5330 in NY before rebounding on short-covering after the release of FOMC minutes.
Today's focus for the British pound is on the release of latest BoE monetary policy announcement (although market is widely expected it is to be non-event). Market participants expects the central bank is very likely to leave its monetary policy stance unchanged in Jul with the base rate at the record low of 0.5% n the QE volume at 375 billion pounds.
At present, offers are noted at 1.5390-00 and more around 1.5420 with mixture of offers and stops at 1.5440-50.
On the downside, demand from real money accounts is tipped at 1.5350 with mixture of bids and stops in 1.5330-10 region.
Thursday will see the release of 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.
AceTraderFx Jul 10: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 10 Jul 2015 01:05 GMT
EUR/USD - 1.1075
Despite euro's sell off after extending near term rise from Wednesday's 5-week trough at 1.0916 to 1.1125 in European morning on Thursday, as price has rallied from 1.0992 to 1.1083 after Greece submitted its reform proposals, upside bias remains for said move to retrace recent decline to resume and yield further gain towards chart objective at 1.1171 later.
On the downside, only a daily close below 1.0992 would indicate correction over and bring re-test of 1.0916.
AceTraderFx Jul 10: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
10 Jul 2015 02:34GMT
USD/JPY - ...... Despite a brief retreat fm 121.81 ahead of Asian open, renewed buying at 121.51 lifted dlr n the pair then rose to a intra-day high of 121.96 as rebound in Asian bourse boosted risk appetite.
As fears of a Grexit n recent China's stock market rout are fading, suggesting buying the dlr on dips is recommended today. At present, bids are reported at 121.50-40 n then 121.20-10 with mixture of bids n stops just below 121.00. On the upside, offers are noted at 122.00-10 n more near 122.30 with mixture of offers n stops at 122.40-50.
Ahead of European open, Japan Cabinet Office will release consumer confidence at 05:00GMT. Later, in NY session, we will release the U.S. wholesale inventories n wholesale sales released by the US Census Bureau, then the speeches fm Federal Reserve Bank of Boston President Eric Rosengren n Federal Reserve Chair Janet Yellen at 15:35GMT n 16:00GMT respectively.
Friday will see the release of 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.
AceTraderFx Jul 10: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
10 Jul 2015 06:53GMT
EUR/USD- ....... The single currency continued to strengthen in Asia on Friday on hopes that a deal will be reached between Greece and its creditors before the end of the weekend.
Price eventually rose to a fresh 1-week high of 1.1134 ahead of European open after triggering stops located above 1.1120 before easing.
In European morning, data from INSEE showed French industrial production rose 0.4% in May, while a separate report indicated French trade surplus in May narrowed to 0.3 bln euros from 0.4 bln euros in previous month.
At the moment, fresh bids from various accounts are building up in 1.1070-50 region with stops below 1.1030 whilst offers are tipped at 1.1140-1.1150 with stop just above there.
AceTraderFx Jul 10: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 10 Jul 2015 08:05 GMT
USD/JPY - 122.16
Despite dollar's sell-off to a fresh 7-week trough at 120.42 (Wednesday) earlier this week, subsequent rebound and then yesterday's breach of 121.70 (Tuesday low, then resistance) signals decline from June's near 13-year peak at 125.86 has made a temporary low there and stronger retracement towards 122.88/93 is likely.
However, reckon 123.75/78 (July 2 high and 61.8% r of 125.86-120.42) would cap upside and bring another sell-off later.
On the downside, only a daily close below 121.20 would indicate correction over and yield re-test of 120.42, break would extend aforesaid fall to retrace long-term uptrend to 120.00 and then 119.60/70.
AceTraderFx Jul 10: Daily Technical Outlook & Trading GBP/USD
DAILY GBP/USD TECHNICAL OUTLOOK
Last Update At 10 Jul 2015 00:56GMT
Trend Daily Chart
Sideways
Daily Indicators
Falling
21 HR EMA
1.5376
55 HR EMA
1.5405
Trend Hourly Chart
Sideways
Hourly Indicators
Turning up
13 HR RSI
44
14 HR DMI
-ve
Daily Analysis
Consolidation b4 one more fall
Resistance
1.5510 - Jul 5 low, now res
1.5467 - Wed's high
1.5421 - Y'day's high
Support
1.5330 - Wed's low
1.5305 - Jun 08 high, now sup
1.5257 - Jun 09 low
. GBP/USD - 1.5368.. Cable tracked euro's moves closely on Thur. Despite staging a brief bounce to 1.5421 at European open, price ratcheted lower n later dropped to 1.5344 in NY b4 staging a minor recovery.
. Looking at the bigger picture, as mentioned in previous updates, this week's selloff due partly to active selling of sterling vs eur & yen confirms MT rise fm Apr's near 5-year trough at 1.4566 has indeed formed a top at 1.5930 in Jun as this high was accompanied by prominent 'bearish divergences' on the daily technical indicators. As cable has already reached our indicated 'minimum' 38.2% retrace. obj. at 1.5409 on Wed, price is en route to 1.5248 n later twd 1.5087, being 50% n 61.8% r respectively of the aforesaid rise fm 1.4566. Therefore, selling the pound on recovery in anticipation of decline to indicated targets is recommended. On the upside, only a daily close abv 1.5510 (mon's low, now res) wud be the 1st signal temporary low is made n risk gain twd 1.5629 b4 down.
. Today, as long as y'day's 1.5421 high holds, outlook remains mildly bearish for recent decline to extend marginal weakness, however, as hourly indicators wud displayed 'bullish convergences' on next fall, 1.5272 shud hold.
AceTraderFx Jul 13: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 13 Jul 2015 01:06 GMT
EUR/USD - 1.1135
Although euro's gap-down open and then a sell-off to 1.1090 in NZ on Monday due to uncertainty of Greek debt talk suggests correction from last Tuesday's 5-week low at 1.0916 has possibly ended Friday at 1.1216 and consolidation with downside bias would be seen.
A daily close below 1.1055 is needed to confirm this view and bring re-test of said support later this week.
Above 1.1216 would yield stronger retracement of decline from June's peak at 1.1440 towards 1.1244 and then 1.1279 before down.
AceTraderFx Jul 13: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
13 Jul 2015 02:16GMT
USD/JPY- ...... Despite dlr's gap-down open to 122.05 in NZ on Monday due to risk-aversion buying in yen on uncertainty over Greek debt talks, renewed buying interest swiftly lifted price to 122.78. Later, dlr stabilised around 122.50 level in Tokyo morning.
At Asian midday, investors should pay attention to the release of a slew of economic from Japan (04:30GMT), these includes the tertiary industry index, industrial production n capacity utilization.
Until then, buying dlr on dips due to the intra-day rise in Nikkei (last seen up 1.25% to above 20000 level at 2020) is recommended.
At the moment, offers are noted at 122.85-95 and more around 123.00 with mixture of offers and stops at 123.20-30.
On the downside, bids are reported at 122.20-10 and then 122.00-121.90 with mixture of bids and stops just below 121.80.
AceTraderFx Jul 13: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
13 Jul 2015 07:16GMT
EUR/USD - ...... Positive news from EU's Dijsselbloem:
'Greek parliament will very quickly legislate on some issues, bringing back trust, while Greek proposals must be strengthened in product mkts, labor mkts.
Fund will also contribute to recapitalisation of banks with 25 bln euros to be used to recapitalise Greek banks.
Greek parliament will agree total package by Wednesday and first prior actions. EU could have call Wednesday, followed by national parliaments' approval, and once parliamentary approvals done, EU will give formal launch to bailout negotiation.'
Also EU's Juncker comment 'there will be no Grexit and we are satisfied with the result we have found.'
The other EU's leader Tusk confirms 'leaders have agreed in principle they are ready to start on bailout programme. Green and other national parliaments must agree before negotiations can begin, and there will be strict conditions while FinMins will urgently disucss bridge finance.'