Intraday trading signal - page 203
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AceTraderFx Oct 16: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
16 Oct 2015 00:43GMT
USD/JPY - ...... Despite yesterday's resumption of recent downtrend to a fresh 6-week trough at 118.06 ahead of New York open, the greenback rebounded to 118.78 at New York open, then rallied to 119.16 at Asian open, helped by the release of upbeat U.S. inflation n jobless claims data together with hawkish comments from some of the Fed officials.
U.S. will release its prelim. figure of University of Michigan consumer sentiment at 14:00GMT. Street forecast is for an increase to 89.0 from previous reading of 87.2.
Offers have now been raised to 119.40/50 n more above at 119.60/70 with stops building up above there whilst initial bids are noted 118.40/50, suggesting further choppy trading would be seen.
Data to be released on Friday:
New Zealand CPI, Australia Financial Stability Report, Italy trade balance, euro zone trade balance, inflation reports, Canada manufacturing sales, U.S. capacity utilization, industrial output, net long-term flows.
AceTraderFx Oct 15: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
16 Oct 2015 02:00GMT
GBP/USD - ......Despite edging up to 1.5507 to European morning, the British pound retreated sharply in tandem with euro to session low at 1.5415 in New York morning on dlr's strength. However, cable pared its losses n rose to intra-day high at 1.5509 at NY midday on cross-buying of sterling vs euro. Later, price retreated to 1.5433 and continues to remain under pressure in Asian morning.
Since there is no major eco. data due today, orderbook remains thin with offers are now seen at 1.5490/00 and more above at 1.5510/20 with stops building up above there whilst initial bids are noted at 1.5420/30, suggesting further choppy trading would be seen.
AceTraderFx Oct 15: Intra-day Market Moving News -summary report of Kuroda's speech
Intra-day Market Moving News and Views
16 Oct 2015 07:25GMT
USD/USD-...... Reuters gave a summary report of early Kuroda's speech. Bank of Japan Governor Haruhiko Kuroda said earlier that consumer prices are rising more than 1 percent excluding fresh food and energy, which shows that the overall inflation trend is improving.
Kuroda also said domestic demand will strengthen as the companies and households use their income to increase spending, saying that consumer spending is recovering from a lull earlier this year.
Kuroda's optimism about the economy suggests he does not see the need to ease monetary policy, though some economists have said the BOJ will change its stance and expand its quantitative easing when it updates its economic forecasts later this month.
"The overall price trend is improving, and consumer prices are expected to accelerate toward our 2 percent inflation target," Kuroda said, according to the text of his speech at the Savings and Loan Association.
"Positive momentum in the corporate and household sectors shows that domestic demand is on track to strengthen."
AceTraderFx Oct 19: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
19 Oct 2015 00:39GMT
USD/JPY- ....... Despite Friday's rise to 119.66 in New York morning, helped by the release of upbeat U. of Michigan Conusumer sentiment, the greenback retreated to 119.27 in New York afternoon and continued to remain under pressure in Australia today and dropped to 119.22 at Asian open.
In other news, Reuters reported, Japan FinMin Taro Aso voiced skepticism on Friday on whether a fresh round of monetary easing would be launched ahead of a Bank of Japan rate review, citing a surplus of cash in the Japanese economy and weak domestic demand. He added 'The Bank of Japan may not ease policy further any time soon.'
Since there is no major eco. data due today, order book remains relatively thin with bids now lowered to 118.90/00 and more below at 118.70/80 with stops building up below there.
Whilst initial offers are noted at 119.90/00, suggesting buying on dips is still favored.
Data to be released :
China GDP, industrial output, retail sales, UK Rightmove house prices, U.S. NAHB housing market index on Monday. Canada Federal Election.
Australia RBA meeting minutes, Germany producer prices, Switzerland trade balance, euro zone current accounts, Canad wholesale trade, U.S. building permits, house starts, and Redbook on Tuesday.
Japan trade reports, All Industry Activity Index, Australia CB leading indicator, Westpac leading index, UK PSNB, PSNCR, Canada BoC rate decision on Wednesday.
France Business Climate, Italy trade balance, UK retail sales, euro zone ECB rate decision, ECB's press conference, consumer confidence. Canada retail sales, U.S. jobless claims, monthly home price, existing home sales, Leading Index on Thursday.
China house prices, Caixin manufacturing PMI, Makit manufacturing PMI and service PMI for France, Germany and euro zone, Italy industrial orders, retail sales, wage inflation, Canada CPI on Friday.
AceTraderFx Oct 19: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 19 Oct 2015 01:15 GMT
EUR/USD - 1.1375
Despite Thursday's rise above Wednesday's high at 1.1489 to 1.1495, subsequent selloff to suggests the erratic upmove from September's trough at 1.1087 has formed a temporary top there and consolidation with downside bias would be seen for a stronger retracement towards 1.1319 (previous resistance, now support).
However, loss of near term momentum would keep price above 1.1296 and yield a much-needed correction early next week.
On the upside, only above 1.1460 would confirm aforesaid pullback has ended and turn outlook bullish for a re-test of 1.1495, break, 1.1510/20.
AceTraderFx Oct 19: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 19 Oct 2015 08:17 GMT
USD/JPY - 119.29
Despite the greenback's sharp selloff below September's trough at 118.60 to 118.06 last Thursday, subsequent strong rebound on the release of upbeat U.S. jobless claims and inflation data signals the erratic decline from 121.75 has formed a temporary low there and consolidation with upside bias would be seen for a stronger retracement towards 119.25/30, then to 119.66, however, loss of momentum would keep price below 119.90 and bring another fall early next week.
On the downside, only below 118.60 would indicate aforesaid recovery has ended and turn outlook bearish for a re-test of 118.06.
AceTraderFx Oct 20: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
20 Oct 2015 00:48GMT
USD/JPY - ....... Despite initial retreat to 119.14 in Asian morning, the greenback rose to session high at 119.61 in Asia on broad-based selling of JPY. Later, dlr retreated n continued to trade inside aforesaid range for the remainder of the day.
U.S. is set to release a slew of housing data today but market's focus will remain on speeches from Fed's Powell and Dudley, then Chief Yellen's at 15:00GMT.
Investors will be looking for any hints about prospects of Fed's first rate hike and whether it would be anytime this year or early next year.
Bids are now seen at 119.20/30 and more below at 119.00/10 with stops building up below there whilst initial offers are noted at 119.80/90, suggesting further choppy trading would be seen with neutral bias.
Data to be released on Tuesday:
Australia RBA meeting minutes, Germany producer prices, Switzerland trade balance, euro zone current accounts, Canad wholesale trade, U.S. building permits, house starts, and Redbook.
AceTraderFx Oct 23: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 23 Oct 2015 08:14 GMT
USD/JPY - 120.35
Despite the greenback's sharp selloff below September's trough at 118.60 to 118.06 last Thursday, subsequent rally to 120.99 today on the release of upbeat U.S. housing and jobless claims data confirms the erratic decline from 121.75 has formed a temporary low there and consolidation with upside bias would be seen for a stronger retracement towards 121.20/24, then to 121.57.
However, loss of momentum would keep price below indicated high and yield retreat early next week.
On the downside, only below 119.62 would suggest aforesaid recovery is over and turn outlook bearish for further weakness towards 119.14
AceTraderFx Oct 26: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
26 Oct 2015 01:01GMT
USD/JPY - ....... The greenback has finally retreated from 121.51 in thin trading conditions ahead of Australian open as New Zealand markets are closed for Labour day holiday and price retreated to 121.10 at Tokyo open on profit-taking offers. Dlr rallied from Friday's European low at 120.23 to as high as 121.47 in New York afternoon on improved risk appetite, triggered by interest rate cut from China's central bank together with rally in U.S. equities.
In the absence of major eco. data from U.S., orderbook is light with bids noted at 121.00/10 and some more below at 120.80/90 with stops building up below there whilst initial offers are noted at 121.50/60, suggesting mild upside bias would be seen.
Data to be released :
Germany Ifo reports, Bundesbank monthly report, UK BBA mortgage approvals, CBI industrial trends, U.S. new home sales on Monday.
New Zealand trade balance, Australia CPI, Switzerland UBS consumption indicator, UK GDP (prelim), U.S. durable goods orders, Redbook, building permits (revised) and consumer confidence on Tuesday.
New Zealand RBNZ rate decision, Japan retail sales, Germany Gfk consumer sentiment, France consumer confidence, Italy consumer confidence, business confidence, U.S. goods trade balance on Wednesday, Fed's interest rate decision on Wednesday.
Japan industrial output, industrial production, Australia exports and imports, UK Nationwide house price, Germany unemployment reports, CPI and HICP, euro zone business climate, consumer inflation expectation, economic sentiment, industrial sentiment, U.S. pending home sales on Thursday.
Japan all household spending, CPI, unemployment rate, construction orders, housing starts, New Zealand NBNZ Business outlook, UK GfK consumer confidence, Australia housing credit, PPI, France consumer spending, producer prices, Switzerland KOF indicator, Italy unemployment rate, CPI (prelim), producer prices, euro zone inflation (flash), unemployment rate, U.S. employment costs, employment wages, PCE, personal consumption real, personal income, consumption, core PCE, Chicago PMI, and Canada GDP on Friday.
AceTraderFx Oct 26: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:26 Oct 2015 01:12 GMT
EUR/USD - 1.1021
The single currency's selloff last week on dovish comments from ECB President Mario Draghi to 1.0997 on Friday, then lower to 1.0991 ahead of Australian open today.
This signals the erratic decline from August's high at 1.1715 has once again resumed and consolidation with downside bias would be seen for further weakness towards 1.0960/70.
However, over sold condition would keep price above support at 1.0938 and yield a much-needed recovery later this week.
On the upside, only above 1.1296 would be the 1st signal that a temporary low has been made and yield stronger retracement towards 1.1319/20.