Intraday trading signal - page 185

 

AceTraderFx Aug 13: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK

Update Time: 13 Aug 2015 08:23 GMT

USD/JPY - 124.51

Despite the greenback's sharp sell-off from 125.28 to as low as 123.79 yesterday, subsequent strong rebound on broad-based dollar strength suggests aforesaid correction has possibly ended and consolidation with upside bias would be seen.

However, above 125.07 is needed to signal the erratic rise from 120.42 has resumed and yield re-test of 125.28.

Above would extend gain towards 125.50/60 but June's near 13-year peak at 125.86 should remain intact this month and yield retreat later.

On the downside, only below 123.79 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 123.52, then 123.01.

 

AceTraderFx Aug 13: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views

13 Aug 2015 09:00GMT

EUR/USD - ...... Despite euro's brief jump to 1.1189 in Asia after PBOC devaluate the yuan for the 3rd consecutive day, price came under renewed selling pressure as market bought back the buck.

Euro later fell to 1.1132 at Asian midday and then 1.1107 in European morning before recovering.

At present, offers are noted at 1.1140-50 and more above with stops touted above 1.1170.

On the downside, bids are noted at 1.1100-1.1090 and more below with stops below 1.1080.

 

AceTraderFx Aug 14: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK

Update Time: 14 Aug 2015 01:09 GMT

EUR/USD - 1.1155

Despite euro's sharp sell-off from Wednesday's high at 1.1214 to 1.1080 yesterday, subsequent strong rebound suggests the pullback has possibly ended and consolidation with upside bias would be seen.

Above 1.1189 would add credence to this view and yield resumption of recent erratic uptrend from July's trough at 1.0808 for a re-test of said high, break would extend towards 1.1250/60 early next week.

On the downside, only below 1.1080 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 1.1031.

 

AceTraderFx Aug 14: Intra-Day News and Views (USD/JPY & data to be released today

Intra-day Market Moving News and Views

14 Aug 2015 01:27GMT

USD/JPY- ...... Dlr pared Wednesday's sharp sell-off from a 2-month peak of 125.28 yesterday and climbed from intra-day low of 124.07 made in Asian morning to 124.59 due to rebound in global stocks. Price touched session high of 124.63 after in-line U.S. retail sales data.

However, intra-day broad-based dlr's retreat pressured price to 124.25 but renewed selling in yen cross especially vs EUR & GBP lifted the pair to 124.49 in NY afternoon.

Intra-day sideways move signals further range trading is set to continue, however, yen's o/n weakness suggests consolidation with mild upside bias is in store.

Bids are noted at 124.30-25 and more below with stops below 124.00, more stops are building below this week's trough at 123.79.

On the upside, offers are tipped at 124.60/65 and more above with some stops reported above 125.00, however, more selling interest is touted at 125.20/30.

Data to be released on Friday:

New Zealand retail sales, France GDP, Germany GDP, Italy GDP, EU GDP and inflation reports, Canada manufacturing sales, U.S. capacity utilisation and industrial output. Eurogroup will meet in Brussels at 13:00GMT on Friday to discuss Greece's third bailout package.

 

AceTraderFx Aug 14: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK

Update Time: 14 Aug 2015 08:02 GMT

USD/JPY - 124.35

Despite the greenback's sharp selloff from 125.28 to as low as 123.79 on Wednesday, subsequent strong rebound on broad-based dollar strength suggests aforesaid correction has possibly ended and consolidation with upside bias would be seen.

However, above 125.07 is needed to signal the erratic rise from 120.42 has resumed and yield re-test of 125.28.

Above would extend gain towards 125.50/60 but June's near 13-year peak at 125.86 should remain intact this month and yield retreat later.

On the downside, only below 123.79 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 123.52, then 123.01.

 

AceTraderFx Aug 17: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK

Update Time: 17 Aug 2015 01:18 GMT

EUR/USD - 1.1099

Despite euro's sharp sell-off from Wednesday's high at 1.1214 to 1.1080 on Thursday, subsequent strong rebound suggests the pullback has possibly ended and consolidation with upside bias would be seen, above 1.1189 would add credence to this view and yield resumption of recent erratic uptrend from July's trough at 1.0808 for a re-test of said high, break would extend towards 1.1250/60 later this week.

On the downside, only below 1.1080 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 1.1031.

 

AceTraderFx Apr 1: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-Day Market Moving News and Views

01 Apr 2015 00:28GMT

USD/JPY - ..... Breaking news on Reuters quoting comments from BoJ official who says :

Tankan show big manufacturers, non-manufacturers see labour market conditions at tightest levels since 2008;

tankan indexes show small manufacturers, non-manufacturers see labour conditions at tightest levels since 1992.

It reported earlier confidence among big Japanese manufacturers held steady in the 3 months to March and is expected to worsen slightly ahead, a closely watched central bank survey showed, in a worrying sign for the government's efforts to boost the economy.

The headline index for big manufacturers' sentiment was unchanged from 3 months earlier at plus 12 in March, the Bank of Japan's quarterly "tankan" survey showed on Wednesday.

That compared with the median estimate of plus 14 in a Reuters poll of economists.

Big firms plan to cut capital expenditures by 1.2% in the fiscal year that starts April 1, the survey showed. Companies tend to be cautious about capital spending plans at the beginning of a new fiscal year and often revise them up as the year progresses.

The tankan's sentiment indexes are derived by subtracting the number of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.

Wednesday will see the release of Japan's tankan index, Australia's building approvals, China NBS manufacturing and non-manufacturing PMI, German and eurozone manufacturing PMI, U.K. manufacturing PMI, U.S. ADP employment, ISM manufacturing and construction spending.

 

AceTraderFx Aug 17: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK

Update Time: 17 Aug 2015 08:10 GMT

USD/JPY - 124.46

Despite the greenback's sharp sell-off from 125.28 to as low as 123.79 last Wednesday, subsequent strong rebound on broad-based dollar strength suggests aforesaid correction has possibly ended and consolidation with upside bias would be seen.

However, above 125.07 is needed to signal the erratic rise from 120.42 has resumed and yield re-test of 125.28.

Above would extend gain towards 125.50/60 but June's near 13-year peak at 125.86 should remain intact this month and yield retreat later.

On the downside, only below 123.79 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 123.52, then 123.01.

 

AceTraderFx Aug 17: Intra-day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views

17 Aug 2015 08:20GMT

EUR/USD -..... Euro remains under pressure in European session on Monday as despite recovering from 1.1082 to 1.1112 shortly after European open, price has tanked to 1.1063 after meeting selling interest below Australian high of 1.1121 (Reuters).

Present recovery from 1.1063 suggests choppy sideways trading would be seen ahead of NY open.

Having said that, investors shoudd take note for the release of euro zone trade balance at 09:00GMT.

At the moment, offers are noted at 1.1100-10 with stop above 1.1120. However, more selling interest from various accounts is seen in 1.1140-60 region.

On the downside, bids are seen at 1.1070-60 and more below at 1.1040-30 with stops building up below 1.1010.

 

AceTraderFx Aug 18: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK

Update Time: 18 Aug 2015 00:36 GMT

EUR/USD - 1.1075

Although yesterday's intra-day decline from 1.1125 to 1.1059 in NY session confirms euro's recent erratic rise from July's bottom at 1.0808 has made a top earlier last week at 1.1214 and as long as said Monday's high holds, downside bias remains for further weakness.

Near term loss of momentum would prevent steep fall today and minor chart support at 1.1010 is expected to remain intact, yield subsequent rebound.

On the upside, a daily close above 1.1125 would be the 1st signal pullback from 1.1214 has ended and yield stronger gain towards 1.1189.