Intraday trading signal - page 189
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AceTraderFx Aug 26: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 26 Aug 2015 08:20 GMT
USD/JPY - 119.58
Despite the greenback's spike down to a fresh 7-month trough at 116.15 yesterday on the global rout in stock markets due to growth concerns in China, subsequent strong rebound to 120.11 today suggests a temporary low has been made there and consolidation with upside bias would be seen for a stronger retracement towards 120.40/42.
However, near term loss of momentum would keep price below 121.28 and bring another fall later this week.
On the downside, only below 118.25 would indicate aforesaid correction has ended and turn outlook bearish for a resumption of recent downtrend from June's high at 125.86 for a re-test of 116.17.
AceTraderFx Aug 27: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 27 Aug 2015 01:17 GMT
EUR/USD - 1.1325
Despite euro's rally to as high as a fresh 7-month peak at 1.1715 on Monday on dollar's broad-based selloff due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1250/60, then 1.1214 later this week.
However, near term loss of momentum would keep price above 1.1377 and yield a much-needed rebound.
On the upside, only above 1.1562 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.
AceTraderFx Aug 27: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
27 Aug 2015 07:08GMT
GBP/USD- ..... The British pound is nursing loss after yESTWERday's sharp selloff to as low as 1.5453 near New York closing on dlr's broad-based strength.
Cable staged a short-covering rebound to 1.5509 in Asian morning, however, renewed selling there pressured the pair back down to 1.5483 at European open.
Price showed muted reaction to the release of broadly in-line UK Nationwide house prices and continues to trade under pressure.
Offers are now seen at 1.5510/20 and more above at 1.5530/40 with stops building up above there whilst initial bids are noted at 1.5430/40, suggesting selling on recovery for a resumption of recent downtrend is still favored.
duplicated
AceTraderFx Aug 28: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
28 Aug 2015 02:12GMT
USD/JPY- ....... The greenback continued to ratchet higher throughout Asian n European sessions yesterday and hit a session high at 121.40 at NY midday as stock mkts globally rallied. Despite a brief pullback to 120.51 in NY afternoon, dlr found renewed buying and rose to 121.23 near NY closing, then marginally higher to 121.31 in Tokyo morning due to the rise in Nikkei-225 index together with the release of upbeat Japan retail sales.
Japan retail sales were reported at 1.6% vs forecast of 1.1%.
Bids are now seen at 120.90/00 and more below at 120.70/80 with stops building up below there whilst initial offers are noted at 121.50/60, suggesting buying on dips is still favored.
U.S. is set to release a slew of eco. data at 12:30GMT but the focus is on the release of U. of Michigan consumer confidence at 14:00GMT. Street forecast is for 93.0 vs prev. reading of 92.9.
Data to be released on Friday:
UK Gfk consumer confidence, Japan all household spending, CPI, retail sales, Switzerland GDP, France producer prices, Italy business confidence, consumer confidence, U.K. GDP (second release), Italy wage inflation, euro zone business climate, consumer inflation expectation, economic sentiment, industrial sentiment, Germany CPI, HICP, Canada producer prices, and U.S. consumption, PCE, personal income, personal consumption, and University of Michigan consumer confidence.
AceTraderFx Aug 28: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 28 Aug 2015 01:10 GMT
EUR/USD - 1.1241
Despite euro's rally to as high as a fresh 7-month peak at 1.1715 on Monday on dollar's broad-based selloff due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1250/60, then 1.1214 later this week. However, near term loss of momentum would keep price above 1.1177 and yield a much-needed rebound.
On the upside, only above 1.1562 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.
AceTraderFx Aug 28: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
28 Aug 2015 07:09GMT
GBP/USD - ...... The British pound finally gained some respite after yesterday's selloff to 1.5370 in NY morning and staged a recovery to 1.5431 in NY afternoon yesterday.
Price found renewed buying at 1.5400 AnD rose to 1.5442 in Asian morning in tandem with euro, however, cross-selling of sterling vs euro pressured the pair back down and price retreated to 1.5410 in early European morning.
Mkt focus is now on the release of UK GDP at 08:30GMT. Street forecast is for the figures to remain unchanged from the 1st estimate of 0.7% QQ and 2.6% YY.
Offers are now seen at 1.5450/60 and more above at 1.5470/80 with stops building up above there whilst initial bids are seen at 1.5380/90, suggesting choppy trading is envisaged.
AceTraderFx Aug 28: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 28 Aug 2015 08:02 GMT
USD/JPY - 120.74
Dollar's rise above previous resistance at 120.40 to 121.40 signals the erratic upmove from Monday's 7-month trough at 116.15 has once again resumed and consolidation with upside bias would be seen for gain towards 121.80/82.
However, near term loss of momentum would keep price below resistance at 122.10/15 and yield a much-needed correction early next week.
On the downside, only below support at 119.79 would confirm a temporary top has been made and yield stronger retracement towards 118.90/92.
AceTraderFx Aug 28: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
28 Aug 2015 09:28GMT
GBP/USD- ....... Although cable had staged a brief recovery from 1.5398 to 1.5429 in European morning after data showed that the U.K. grew in line with expectations in the second quarter, selling interest below Asian high of 1.5442 capped such gain there n the British pound then fell marginally below Thursday's low at 1.5370 to 1.5364 before short-covering emerged n lifted price to 1.5406.
The Office for National Statistics said the U.K. GDP rose 0.7% in the second quarter, in line with expectations and unchanged fm a preliminary estimate. On a yearly basis, the U.K. economy grew at a rate of 2.6% in the last quarter, also in line with market expectations.
At the moment, offers are seen reported at 1.5420-30 and more above with stops building up just above 1.5450, whilst bids are noted at 1.5370-60 with mixture of bids and stops in 1.5340-20 region.
AceTraderFx Sept 4: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 04 Sep 2015 01:17 GMT
EUR/USD - 1.1129
Despite euro's rebound from last Friday's low at 1.1156 to 1.1332 on Tuesday, subsequent retreat ahead of ECB's rate decision today suggests further choppy trading below last Monday's 7-month peak at 1.1715 would continue with mild downside bias and weakness towards 1.1180 is envisaged, however, said support should hold on first testing and yield recovery later today or tomorrow.
On the upside, only above 1.1332 would confirm aforesaid correction has ended and turn outlook bullish for a stronger retracement towards 1.1396/00.e abovementioned pullback has ended and turn outlook bullish for a re-test of 121.74.