Intraday trading signal - page 198
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AceTraderFx Sept 30: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
30 Sep 2015 06:11GMT
GBP/USD - ..... Reuters just reported U.K. annual house price growth picked up in September, rising to 3.8% from 3.2% in August, mortgage lender Nationwide said on Wednesday, adding to signs that the housing market is heating up again.
House prices rose 0.5% month-on-month in September, slightly more than expected in a Reuters poll and up from 0.4% in August.
A piece of downbeat news on U.K. earlier today. Reuters reported British consumer morale fell more than expected in September as people worried about China's economic slowdown and Europe's migration crisis, a survey showed on Wed.
Market research firm GfK's monthly consumer confidence index slipped to +3 from +7 in Aug, which had matched June's figure as the highest since Jan 2000. Economists polled by Reuters had expected a reading of +6.
"Both the Chinese economic downturn and its negative impact on global markets and the ongoing migrant crisis, combined with other economic woes across the euro zone, has hit home," Joe Staton, head of market dynamics at GfK said.
Perceptions of Britain's economy over the last year and for the year ahead both entered negative territory, which Staton blamed on a "depressed back-to-school mood" among consumers despite low inflation and rising wages.
The dip in consumer confidence comes after signs that overall economic growth in Britain lost some of its pace in the 3rd quarter.
But a survey by the Confederation of British Industry published on Tuesday showed that British retail sales had beaten expectations this month by a comfortable margin.
AceTraderFx Sept 30: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time:30 Sep 2015 08:36 GMT
USD/JPY - 120.15
Despite the greenback's selloff to 119.25 today, subsequent rebound suggests further choppy trading above September's low at 118.60 would continue with mild upside bias and gain towards 120.66 is likely to be seen, break would extend towards 120.99, however, last Friday's high at 121.24 should remain intact and yield retreat later.
On the downside, only below 119.25 would revive bearishness for weakness to 119.06, below would indicate near term decline from 121.35 has resumed and extend to 118.86 but aforesaid September's low should remain intact.
AceTraderFx Oct 2: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
02 Oct 2015 00:37GMT
USD/JPY - ...... Despite y'day's initial rise to session high at 120.28 after the release of Chinese PMIs, the greenback met renewed selling and tumbled to intra-day low at 119.49 in New York morning, weighed down by the release of downbeat U.S. jobless claims and ISM manufacturing PMI.
Later, dlr staged a short-covering rebound to 119.96 in New York afternoon before retreating. However, price found renewed support at 119.78 ahead of Tokyo open and gained to 119.94 in Asian morning.
Mkt focus is now solely on the release of U.S. jobs report at 12:30GMT. Street forecast for NFP is an increase to 203K fm prev. reading of 173K whilst unemployment rate is expected to remain unchanged at 5.1%. An upbeat report wud further boost the case for a rate hike before the end of this year whereas a downbeat data cud see Fed Chair Yellen delay it to next year.
Bids are now seen at 119.30/40 and more below at 119.10/20 with stops building up below there whilst offers are noted at 120.20/30, suggesting choppy trading would be seen till European open.
Data to be released on Friday:
Japan all household spending, unemployment rate, Australia retail sales, Markit construction PMI for UK, euro zone producer prices , U.S. non-farm payroll, unemployment rate, average earnings, durable goods (revised), and factory orders.
AceTraderFx Oct 2: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
2 Oct 2015 01:45GMT
GBP/USD - 1.5142... Despite initial spike down to session low at 1.5107 in early European morning, the British pound gained to 1.5157 after the release of better-than-expected UK mfg PMI, then ratcheted higher to intra-day high at 1.5181 in New York morning on dlr's weakness. However, price pared its gains and retreated to 1.5127 in late New York.
Later, cable found renewed support there n has rebounded to 1.5145 in Asian morning.
Pay attention to the release of UK construction PMI at 08:30GMT. Street forecast is for 57.5 vs prev. reading of 57.3.
Bids are now seen at 1.5120/30 with stops building up below yesterday's 1.5107 low whilst initial offers are noted at 1.5170/80, suggesting buying on dips is still favored.
AceTraderFx Oct 2: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 02 Oct 2015 02:58 GMT
EUR/USD - 1.1190
Despite yesterday's decline to 1.1135 in European morning, subsequent rebound on short-covering in euro, then intra-day rally in NY session to 1.1209 after mixed U.S. data suggests choppy sideways trading is in store ahead of the release of key U.S. jobs report.
As long as 1.1168 (Thur's European morning high, now sup) holds, consolidation with upside bias remains remains for a retracement of this week's fall from 1.1281 (Tue) twd 1.1237, however, reckon 1.1268 would cap intra-day gain and yield retreat.
On the downside, below 1.1135 would yield swift drop twd Sep's 1.1087 bottom, below would signal a downside break of the 1-month long broad sideways trading has occured and would yield weakness twd 1.1018 early next week.
AceTraderFx Oct 2: Daily Technical & Trading Outlook EUR/USD
DAILY EUR/USD TECHNICAL OUTLOOK
Last Update At 02 Oct 201500:10GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
1.1183
55 HR EMA
1.12190
Trend Hourly Chart
Sideways
Hourly Indicators
Neutral
13 HR RSI
55
14 HR DMI
+ve
Daily Analysis
Choppy consolidation to continue
Resistance
1.1296 - Last Thur's high
1.1281 - Tue's high
1.1237 - Hourly chart
Support
1.1168 - Y'day's European orning high (now sup)
1.1135 - Y'day's low
1.1105 - Last week's low (Wed)
. EUR/USD - 1.1191... Euro went through a roller-coaster session Thur. Despite resumption of decline fm this week's 1.1281 high to 1.1135 at European open, short-covering in euro lifted price n euro rallied in NY 1.1209 b4 retreating.
. The bigger picture remains largely unchanged where selloff fm Aug's 1.1715 peak to 1.1087 in early Sep signals the MT erratic rise fm Mar's 12-year low at 1.0457 has formed a top there. Despite a strg upmove to 1.1460, subsequent steep fall to as low as 1.1105 last Wed suggests correction has ended n downside bias remains for a re-test of 1.1087, break would extend aforesaid fall fm 1.1715 to next daily obj. at 1.1018 later. Having said that, euro's stronger-than-expected bounce fm 1.1105 to 1.1296 last Thur, then subsequent fall to 1.1116 last Fri n then another bounce to 1.1281 on Tue indicate choppy sideways trading would continue ahead of Fri's key U.S. payrolls. As long as 1.1296 holds, bearishness remains n only abv said res would risk another rise to 1.1330, 1.1400.
. Today, euro's rally fm 1.1135 on Thur suggests consolidation with near term upside bias remains but reckon 1.1268 would cap upside ahead of U.S. NFP. Below 1.1135 would signal a downside break has occured, yield 1.1087, 1.1008/18.
AceTraderFx Oct 2: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 02 Oct 2015 08:26 GMT
USD/JPY - 120.11
Despite the greenback's selloff to 119.25 on Monday, subsequent rebound suggests further choppy trading above September's low at 118.60 would continue with mild upside bias and gain towards 120.66 is likely to be seen, break would extend towards 120.99, however, last Friday's high at 121.24 should remain intact and yield retreat later.
On the downside, only below 119.25 would revive bearishness for weakness to 119.06, below would indicate near term decline from 121.35 has resumed and extend to 118.86 but aforesaid September's low should remain intact.
AceTraderFx Oct 2: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
02 Oct 2015 08:38GMT
GBP/USD - ....... Cable jumped to fresh session high of 1.5174 in European morning as data showed growth in Britain's construction sector hit its fastest pace in six months in September.
Reuters news reported, The CIPS/Markit construction Purchasing Managers' Index (PMI) rose to 59.9 in September, its strongest level since February, up from 57.3 in August.
That was well above the median forecast of 57.5 in a Reuters poll but below levels of more than 60 reached regularly in 2014.
Staffing levels in construction rose strongly in September although new business growth eased further from a peak touched in June and was its second slowest since mid-2013, Markit said.
Expansion of residential building was the strongest for 12 months as some projects that were delayed earlier this year were launched. Commercial development also picked up speed as companies invested more in their operations.
AceTraderFx Oct 5: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
05 Oct 2015 01:04GMT
USD/JPY - ...... The greenback has stabilisied around 120 mark in early trading on Monday after Fri's volatile trading, following the release of disappointing U.S. jobs report. Dlr remains well bid and found support at 119.88 in Australia and gained to 120.10 in Asian morning, due partly to the 200+ points rally in the Nikkei-225 index.
Pay attention to the release of U.S. ISM non-manufacturing PMI at 14:00GMT. Street forecast is for a decrease to 58.0 from previous reading of 59.0.
Bids are now seen at 119.70/80 and more below at 119.50/60 with stops building up below there whilst initial offers are noted at 120.40/50, suggesting buying on dips for near term gain is favored.
Some news worth noting, Reuters reported, New York Fed President William Dudley, at a conference in Boston on Saturday, said U.S. is a long way from putting in place rules that will protect the financial system and the economy from broad risks, due in part to regulatory structure and to the difficulties of predicting the next crisis.
He added 'while the use of macroprudential tools holds promise, we are a long way from being able to successfully use such tools in the U.S.'
AceTraderFx Oct 5: Intra-day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views
05 Oct 2015 02:00GMT
GBP/USD - ..... The British pound has found renewed buying at 1.5169 in Australia and ratcheted higher to 1.5216 in early Asian morning on dlr's broad-based weakness following Fri's poor U.S. jobs report.
Earlier on Friday, price rallied to session high at 1.5238 immediately after the release before swiftly retreating to 1.5168 near New York close due to the rise in U.S. equities.
Pay attention to the release of UK services PMI at 08:30GMT.
Street forecast is for an increase to 56.0 from previous reading of 55.6.
Offers have now been raised to 1.5230/40 with stops building up above there whilst initial bids are noted at 1.5170/80, suggesting price would trade in choppy fashion ahead of European open.