Intraday trading signal - page 205
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AceTraderFx Oct 29: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 29 Oct 201502:00 GMT
EUR/USD - 1.0915
The single currency's selloff last week on dovish comments from ECB President Mario Draghi to 1.0997 on Friday, then yesterday's sharp fall to 1.0896 on a hawkish FOMC statement 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 1.0847/50.
However, over sold condition would keep price above support at 1.0808/10 and yield a much-needed recovery later this week.
On the upside, only above 1.1025/30 would be the 1st signal that a temporary low has been made and yield stronger retracement towards 1.1080/90.
AceTraderFx Oct 29: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 29 Oct 2015 08:26 GMT
USD/JPY - 120.73
Despite the greenback's rally from 120.02 to 121.26 yesterday on the release of a unexpected hawkish FOMC statement, subsequent retreat suggests further choppy trading below Monday's high at 121.51 would continue with mild downside bias and weakness towards 120.20/23 would be seen, however, aforesaid 120.02 low should remain intact and yield rebound early next week.
On the upside, only above 121.51 would revive bullishness for gain towards daily resistance at 121.74, break would extend towards 122.10/15.
AceTraderFx Oct 30: Intra-Day News and Views (NZD/USD) & data to be released today
Intra-day Market Moving News and Views
30 Oct 2015 01:03GMT
NZD/USD - 0.6731.. Kiwi staged a short-covering strong rebound from 0.6691 (AUS) to 0.6739 following release of upbeat data. Reuters reported New Zealand business sentiment rebounded in October thanks in part to a recent lift in dairy prices, a survey by ANZ Bank showed on Friday.
According to the report, a net 10.5 percent of firms are optimistic about the general economy, a huge turnaround from the net 18.9 percent pessimistic last month.
A net 23.7 percent of respondents expected their own businesses to grow in the next 12 months, up from 16.7 percent last month. Inflation expectations were little changed at 1.70 percent.
"It's hard to go past rebounding dairy prices as a key catalyst. However, the story is broader than dairy," ANZ said.
"The economy has an array of sectors that are doing well. Tourism inflows are buoyant. Housing strength has broadened beyond Auckland. Sentiment across the service sector is tops for confidence, activity, profits, employment and investment."
International milk prices have jumped around 60 percent from 12-1/2 year lows in recent auctions.
Data to be released on Friday:
New Zealand RBNZ rate decision, 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. jobless claims, and pending home sales.
AceTraderFx Oct 30: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 30 Oct 2015 01:31 GMT
EUR/USD - 1.0982
Euro finally gained respite yesterday in Asia after trading above Wed's fresh 2-1/2 month bottom of 1.0896, subsequent short-covering rebound to 1.0986 in New York morning and then intra-day brief rise to 1.0998 ahead of Asian open today confirms recent downtrend has made a temporary low and 1-2 days of consolidation with upside bias is seen for a long-overdue correction to 1.1045/55.
However, reckon res at 1.1096 should remain intact.
Whilst buying euro on dips is favoured today, position traders should sell on further upmove. On the downside, a firm break of yesterday's New York low at 1.0925 would signal correction is over and bring re-test of 1.0896 next week.
AceTraderFx Oct 30: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 30 Oct 2015 09:31 GMT
USD/JPY - 120.53
Despite dollar's intra-day rally from 120.30 to 121.48 in Asia following the release of Bank of Japan unchanged rate decision, subsequent retreat after being capped below Monday's 7-week peak at 121.51 suggests further choppy trading inside near term established range of 121.51-120.02 would continue.
Above 121.48/51 would bring resumption of upmove from October's bottom at 118.06 to 121.74 and then 122.10/20, whilst below 120.02 would confirm a top has been made instead and yield correction towards 119.62 next.
AceTraderFx Nov 2: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
02 Nov 2015 01:05GMT
USD/JPY - ........ Despite intra-day gap-down open to 120.32 in New Zealand due to the release of weak Chinese data over the weekend, failure to penetrate Friday's low at 120.28 triggered short-covering and price rebounded to 120.58 ahead of Tokyo open.
However, dlr met renewed selling interest there as the Nikkei-225 index tumbled in early trade (currently down by close to 300 points) and continues to remain under pressure.
Pay attention to the release of ISM manufacturing PMI at 15:00GMT. Street forecast is for a slight drop to 50.0 from previous reading of 50.2.
Offers are now seen at 120.50/60 and more above at 120.70/80 with stops building up above there whilst initial bids are noted at 120.00/10, suggesting mild downside bias would be seen in Asian session.
Data to be released :
Australia AIG manufacturing index, building approvals, private house approvals, Japan Nikkei manufacturing PMI, China Caixin manufacturing PMI, Switzerland retail sales, Markit manufacturing PMI for Italy, Germany, euro zone and UK, Canada RBC manufacturing PMI, U.S. ISM manufacturing PMI on Monday.
Australia RBA cash rate decision, RBA rate statement, UK Markit/CIPS consutruction PMI, U.S. Redbook, durable goods revised, factory orders on Tuesday.
New Zealand HLFS jobs reports, labour cost index, Australia AIG service index, trade balance, exports, imports, retails sales, UK BRC shop price index, China Caixin service PMI, Japan consumer confidence, Markit service PMI for Italy, France, Germany, euro zone and UK, euro zone producer price, U.S. ADP national employment, internation trade, Markit service PMI, ISM non-manufacturing PMI, and Canada trade reports on Wednesday.
Japan BoJ monetary policy meeting minutes, Switzerland consumer confidence, CPI, Germany industrial orders, euro zone retail sales, U.K. BoE MPC vote outcome, BoE rate decision, U.S. initial jobless claims, and Canada Ivey PMI on Thursday.
Australia AIG construction index, Japan leading indicator, Germany industrial output, France budget balance, trade reports, U.K. Halifax house price, industrial output, manufacturing output, trade balance, U.S. non-farm payrolls, unemployment rate, average earnings, and Canada building permits, employment change, unemployment rate on Friday.
AceTraderFx Nov 2: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 02 Nov 2015 01:25 GMT
EUR/USD - 1.1027
Euro finally gained respite on Thursday after trading above Wednesday's fresh 2-1/2 month bottom of 1.0896, subsequent short-covering rally to 1.1073 in New York morning on Friday confirms recent downtrend has made a temporary low and 1-2 days of consolidation with upside bias is seen for a long-overdue correction to 1.1096/00, however, reckon res at 1.1140 should remain intact.
Whilst buying euro on dips is favoured today, position traders should sell on further upmove. On the downside, a firm break of yesterday's New York low at 1.0925 would signal correction is over and bring re-test of 1.0896 next week.
AceTraderFx Nov 3: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
03 Nov 2015 01:01GMT
USD/JPY - ......... Despite yesterday's initial weakness to 120.26 in Asian morning, the greenback gained to 120.70 in European morning before easing. Dlr found renewed buying at 120.50 in New York morning and ratcheted higher to 120.81 near New York close, then 120.85 in thin trading at Asian open as Japanese markets will remain closed today for culture day holiday.
There is a slew of data to be released from U.S. today but traders should pay attention to release of factory orders at 15:00GMT. Street forecast is -0.9% vs previous reading of -1.7%.
Bids are now seen at 120.50/60 and more below at 120.30/40 with stops building up below there whilst initial offers are noted at 121.30/40, suggesting near term upside bias is seen, hence buying on dips is favored.
Data to be released on Tuesday:
Australia RBA cash rate decision, RBA rate statement, Japan's financial market closed for Culture Day holiday, UK Markit/CIPS consutruction PMI, U.S. Redbook, durable goods revised, factory orders.
AceTraderFx Nov 3: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
03 Nov 2015 02:00GMT
GBP/USD - ....... Despite opening higher in tandem with euro and rising briefly but sharply to session high at 1.5498 in European morning after release of a surprise upbeat UK manufacturing PMI, cable soon pared intra-day gains and later fell sharply to 1.5404 in New York morning, weighed down by active cross-unwinding (selling) of sterling vs euro.
Later, price found some support and recovered to 1.5428 in Asian morning.
Today will see the release of UK construction PMI at 09:30GMT (however, Wed's services PMI is most important). Street forecast is for a small drop to 58.8 from previous reading of 59.9.
Bids are now seen at 1.5400/10 and more below at 1.5380/90 with stops building up below there whilst initial offers are noted at 1.5480/90, suggesting near term upside bias is seen, hence buying on dips is favored.
AceTraderFx Nov 3: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 03 Nov 2015 02:28 GMT
EUR/USD - 1.1014
Euro finally gained respite on Thursday after trading above Wednesday's fresh 2-1/2 month bottom of 1.0896, subsequent short-covering rally to 1.1073 in New York morning on Friday confirms recent downtrend has made a temporary low and 1-2 days of consolidation with upside bias is seen for a long-overdue correction to 1.1096/00. However, reckon res at 1.1140 should remain intact.
Whilst buying euro on dips is favoured today, position traders should sell on further upmove.
On the downside, a firm break of yesterday's New York low at 1.0925 would signal correction is over and bring re-test of 1.0896.