Intraday trading signal - page 191
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AceTraderFx Sept 7: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
07 Sep 2015 08:00GMT
GBP/USD - ...... Despite rising to 1.5203 ahead of Asian open, the British pound retreated in tandem with euro to 1.5184 at Asian open, then lower to 1.5171 ahead of European open.
However, cable pared its losses and rose briefly but sharply to session high at 1.5225 in early European morning on cross-buying of sterling vs euro.
Offers have now been raised to 1.5230/40 and more above at 1.5250/60 with stops building up above there whilst initial bids noted at 1.5170/80, suggesting choppy trading would be seen in European session.
AceTraderFx Sept 7: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:07 Sep 201508:08 GMT
EUR/USD - 1.1158
Despite euro's selloff to 1.1090 in volatile trading session following the release of mixed U.S. jobs report, subsequent rebound suggests further choppy trading above last Thursday's low at 1.1087 would continue with mild upside bias and above Friday's high at 1.1191 would extend towards 1.1205/10.
However, resistance at 1.1244 should remain intact and bring another retreat later today or tomorrow.
On the downside, only below 1.1087 would revive bearishness for a resumption of recent decline and extend weakness towards 1.1050/52.
AceTraderFx Sept 8: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 08 Sep 2015 01:22 GMT
EUR/USD - 1.1167
Despite euro's selloff to 1.1090 in volatile trading session following the release of mixed U.S. jobs report, subsequent rebound suggests further choppy trading above last Thursday's low at 1.1087 would continue with mild upside bias and above Friday's high at 1.1191 would extend towards 1.1205/10, however, resistance at 1.1244 should remain intact and bring another retreat later today or tomorrow.
On the downside, only below 1.1087 would revive bearishness for a resumption of recent decline and extend weakness towards 1.1050/52.
AceTraderFx Sept 8: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
08 Sep 2015 02:30GMT
USD/JPY - ...... Despite finding some support at 119.22 in Australia today and rebounding to 119.53 at Asian open due to an upward revision in Japan's Q2 GDP figure together with initial rise in Nikkei-225 index, the greenback met renewed selling and dropped to 119.16 in Tokyo morning.
Since there is no major eco. data from U.S. today, trading volume is likely to remain thin with some offers noted at 119.40/50 and more above at 119.60/70 with stops building up above there whilst initial bids are seen at 118.80/90, suggesting further choppy trading would be seen.
AceTraderFx Sept 8: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
08 Sep 2015 05:14GMT
GBP/USD - ...... Despite yesterday's initial retreat to 1.5171 ahead of European open, the British pound surged to 1.5279 in European morning, then to 1.5289 in late European afternoon on cross-buying of sterling vs euro before easing.
Price found renewed buying at 1.5269 and continued to ratchet higher throughout Asian session.
Intra-day ascent accelerated in tandem with euro in early European morning and hit a high at 1.5324.
Since there is no UK data due today, price is likely to track euro's intra-day movements till NY open.
Bids are now seen at 1.5290/00 and more below at 1.5270/80 with stops building up below there whilst initial offers are noted at 1.5340/50, suggesting further choppy trading would be seen.
Reuters earlier reported British PM David Cameron suffered a defeat in parliament on Monday after Eurosceptic members of his Conservatives joined forces with opposition lawmakers to reject proposed rules for a European Union membership referendum.
While the legislation is expected to pass when it is voted on, the government will now likely be forced to accept more stringent rules limiting its activity during the campaign period.
AceTraderFx Sept 8: Daily Technical Outlook & Trading USD/CHF
DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 07 Sep 2015 23:29GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
0.9746
55 HR EMA
0.9732
Trend Hourly Chart
Sideways
Hourly Indicators
Rising
13 HR RSI
59
14 HR DMI
+ve
Daily Analysis
Consolidation b4 upmove resumes
Resistance
0.9837 - 61.8% proj. of 0.9257-0.9690 fm 0.9569
0.9799 - Aug 17 high
0.9771 - Last Thur's high
Support
0.9708 - Y'day's low
0.9683 - Hourly sup
0.9651 - Hourly res (now sup)
. USD/CHF- 0.9756.. Although dlr also gyrated inside last Fri's 0.9687-0.9770 range in tandem with euro y'day, intra-day rally in eur/chf ross pushed price fm 0.9708 to 0.9764 n moving narrowly in subdued North American trading.
. Looking at bigger picture, dlr's rally fm Aug's trough at 0.9257 to as high as 0.9771 last week strongly suggests early pullback fm Aug's 4-1/2 high at 0.9903 has ended there n consolidation with upside bias is expected this week. Despite subsequent choppy trading fm 0.9771, as long as 0.9651/55 (prev. res, now sup) holds, gain to previous strg res at 0.9799 would be forthcoming soon, a daily close abv there is needed to retain bullish prospect of further headway twd 0.9903. Therefore, buying dlr on dips is recommended n only a daily close below 0.9569 (last week's low on Tue) would signal temporary top is in place, then risk would shift to the downside for subsequent weakness to 0.9506/12 area.
. Today, as dlr has maintained a firm undertone ahead of Asian open, intraday upside bias remans for resumption of recent upmove twd 0.9799, abv would extend to 0.9810/15, however, as hourly indicators would display 'bearish divergences' on next rise, reckon 0.9837 would cap upside. Below 0.9683/87 risks 0.9651.
AceTraderFx Sept 8: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 08 Sep 2015 08:07 GMT
USD/JPY - 119.91
Despite the greenback's rally to 121.74 last Friday, intra-day sharp retreat suggests the 1st leg of correction from last Monday's low at 116.15 has possibly ended there and consolidation with downside bias would be seen for weakness towards 118.92.
However, steep fall below there is unlikely to be seen today and reckon aforesaid support should remain intact and yield a rebound later.
On the upside, only above resistance at 120.92 would indicate above mentioned pullback has ended and turn outlook bullish for a re-test of 121.74.
AceTraderFx Sept 9: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 09 Sep 2015 01:43 GMT
EUR/USD - 1.1192
Despite euro's selloff to 1.1090 in volatile trading session following the release of mixed U.S. jobs report, subsequent rebound to 1.1229 yesterday suggests further choppy trading above last Thursday's low at 1.1087 would continue with mild upside bias and gain towards 1.1239/40 would be seen. However, resistance at 1.1294 should remain intact this week and bring another retreat later.
On the downside, only below 1.1087 would revive bearishness for a resumption of recent decline and extend weakness towards 1.1050/52.
AceTraderFx Sept 9: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
09 Sep 2015 01:44GMT
USD/JPY- ..... Although the greenback retreated from yesterday's European high at 120.23 to 119.66 in NY morning, renewed buying lifted the pair and dlr rebounded to 120.02 in NY afternoon.
Price continued to trade with a firm bias ahead of Asian open and ratcheted higher to 120.36 in Tokyo morning due to the rally 3%+ rally in Nikkei-225 index.
Bids have now been raised to 119.90/00 and more below at 119.70/80 with stops building up above there whilst initial offers are noted at 120.50/60, suggesting consolidation with upside bias would be seen ahead of European open.
More on previous comments by BoJ member Shirai. Reuters reported that the central bank has maintained a positive interest rate on excess reserves parked at the BOJ because a negative rate may harm the intermediary function of financial institutions.
Shirai, speaking at a panel discussion in Brussels on Tuesday, said the possibility of cutting the rate on excess reserves could not be ruled out but such a move should be properly discussed taking into account the differences in market structures around the world.
He, in a text of the speech issued on Wednesday, also said that once a rising price trend takes hold from the latter half of the current fiscal year to next March, inflation expectations would head gradually towards 2%.
He also said that it is important to keep accommodative monetary policy to support economic recovery, with the feasibility of lowering interest paid on excess reserves can't be denied but such a policy should be properly discussed taking into account different market structures in the world.
AceTraderFx Sept 9: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
09 Sep 2015 004:3GMT
GBP/USD - ...... The British pound surged to 1.5413 yesterday on news of a M&A deal between UK's Amlin and Japan's Mitsui Sumitomo Insurance. Despite a brief pullback to 1.5357 on profit-taking, cable found renewed buying there and rebounded 1.5403 in New York afternoon, then marginally higher to 1.5405 in Asian morning.
Market focus is on the release of UK industrial production mm and manufacturing output mm. Street forecasts are 0.1% n 0.2% vs previous readings of -0.4% and 0.2.% respectively.
Bids are now seen at 1.5370/80 and more below at 1.5350/60 with stops building up below there whilst initial offers are noted at 1.5440/50, suggesting buying on dips is favored.