Intraday trading signal - page 212

 

AceTraderFx Nov 26: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views

26 Nov 2015 01:54GMT

USD/JPY - ....... Dlr pares yesterday's intra-day rally from European morning low of 122.26 to 122.94 in New York morning. Price traded with a soft bias in Asian morning as traders are on the sideline after yesterday's broad-based USD's swings.

With U.S. financial markets closed for Thanksgiving Day holiday, the pair is expected to move sideways initially today but as good buying interest was seen in Europe yesterday, consolidation with upside bias is expected.

Bids are noted at 122.60-50 with some stops below there, however, good buying interest is reported at 122.35-25.

Initial offers are noted at 122.75/80 and more above with stops touted above 123.10.

Data to be release on Thursday:

New Zealand trade reports, Australia's building Capex, plant/machinery Capex, capital expenditure, Swiss industrial orders, EU M3 annual growth, Germany CPI and HICP. U.S. markets will be closed on Thursday due to Thanksgiving day holiday.

 

AceTraderFx Nov 26: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views

26 Nov 2015 02:00GMT

EUR/USD - .... Euro is in holding pattern in subdued Asian trading as traders are standing aside after yesterday's wild swings.

Despite intra-day selloff from 1.0689 in Europe on Reuters report the ECB is considering other stimulus options at its next policy meeting, the single currency staged a strong rebound from a fresh 7-month trough of 1.0565 New York morning to 1.0642 before moving sideways in New York afternoon.

With no important EZ economic data due out today, euro is expected to trade well above said yesterday's low and stops above 1.0650 is now in focus.

Bids are noted at 1.0610-00 and more below whilst a mixture of offers and stops is touted at 1.0645-50.

More selling interest is reported at 1.0680/90 with stops reported above 1.0700, suggesting buying euro on dips is the favoured strategy.

 

AceTraderFx Nov 26 Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK

Update Time: 26 Nov 2015 01:14 GMT

EUR/USD - 1.0618

Despite yesterday's selloff from 1.0689 in Europe on Reuters report the ECB is mulling more stimulus measures at its next monetary meeting and then intra-day weakness to a fresh 7-month bottom of 1.0565 in NY morning, subsequent short- covering rally to 1.0642 suggests a temporary low has been made and choppy consolidation is envisaged.

As long as 1.0592 (previous low) holds, marginal gain above 1.0642 is likely, however, only a daily close above 1.0689 confirms long-awaited correction has occured and yields gain to 1.0730/40. Below 1.0565 would risk marginal weakness but loss of momentum should keep price well above daily chart sup at 1.0521 today.

 

AceTraderFx Nov 27: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views

27 Nov 2015 01:28GMT

USD/JPY - ..... Although dlr brief bounced to 122.73 in delayed reaction to early release of lower-than-expected Japan's inflation data (see 00:23GMT update for details), lack of follow-through buying quickly led to profit taking and dlr eased from said Asian high.

As U.S. market will close early later today in observance to Thursday's Thankgiving Day holiday, intra-day sideways move is expected to continue, however, as early strong rebound from 122.26 (Wed) to 122.94 signals recent decline has made a low there, buying dlr on dips for at least a strong retracement of aforesaid decline is favoured.

Traders reported good buying interest at 122.50 and some stops are touted below there, however, more bids are reported above 122.26 with stops building below there.

On the upside, initial offers are noted at 122.75 and more are seen at 122.95/00 would stops above there.

Data to be released on Friday:

Japan jobs/applicants ratio, unemployment rate, household spending, CPI reports, New Zealand business outlook, U.K. consumer confidence, national house price, Germany import price index, consumer sentiment, France consumer spending, producer prices, Italy business confidence, consumer confidence, EU business climate, inflation expectation, consumer confidence, economic sentiment, industrial sentiment, service sentiment, selling price expectation, Canada producer prices, raw material prices.

 

AceTraderFx Nov 27: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views

27 Nov 2015 02:03GMT

EUR/USD - ....... Yesterday was the 'quietest' day in 2015 as euro only clocked up a mere 28 points range in lethargic North American session due to Thanksgiving Day market holiday. Intra-day move occured at European open when sellers gave euro a bashing at 1.0623 and this action quickly knocked price to 1.0600 which turned out to the session lows for the day and price later moved inside a directionless 1.0609-23 range.

Although short-term short sellers are having a go at the euro in Asia to look for stops below 1.0600, lack of conviction may send euro higher ahead of European open. In the absence of important EZ economic data, euro is expected to move sideways in the near term n perhaps month-end fund flows may move the euro a wee bit more later in the day.

For now, initial bids are noted at 1.0605/00 and more below with light stops touted below 1.0565, however, there is talk of more 'profit-taking' bids near 1.0560-50.

On the upside, initial offers are reported at 1.0625-30 with some stops above 1.0645, however, more offers are touted at 1.0670/80, so looks like range trading would continue for rest of the day.

 

AceTraderFx Nov 30: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views

30 Nov 2015 01:50GMT

USD/JPY- ...... Despite usd's broad-based renewed strength in Asia on Monday, the pair trades narrowly below Friday's New York high at 122.88 due to intra-day cross buying in yen, suggesting range trading inside near term choppy broad range of 122.26-122.94 wud continue.

As U.S. markets will resume as normal after last Thursday's Thanksgiving Day long weekend holiday, traders will pay attention to release of a slew of U.S. data later today, these are Chicago Nov PMI, Oct pending home sales and Dallas Fed Nov mfg business index.

Offers are noted at 122.85/95 with stops reported above 123.00, however, more selling interest is at 123.20/25.

Some bids are noted at 122.60-50 and more below with fairly large stops below 123.20.

Data to be released:

Japan industrial production, retail sales, construction orders, housing start, New Zealand business outlook, Australia new home sales, business inventories, housing credit, Swiss KOF indicator, U.K. mortgage approvals, Italy CPI, producer price, consumer price, Germany CPI, HICP, Canada current account, U.S. Chicago PMI, pending homes index, pending sales change and Fed mfg bus index on Monday.

New Zealand terms of trade, Australia manufacturing index, building approvals, private house approvals, current account, net export, Japan business Capex, mfg PMI, China mfg PMI, non-mfg PMI, Swiss GDP, retail sales, mfg PMI, Italy mfg PMI, unemployment rate, GDP, France mfg PMI, Germany mfg PMI, unemployment rate, EU unemployment rate, mfg PMI, U.K. mfg PMI, Canada GDP, mfg PMI, U.S. Redbook, mfg PMI, construction spending, services revenues and service sector outlook on Tuesday.

Australia GDP, U.K. construction PMI, EU inflation, producer prices, U.S. purchase index, national employment, labour cost, productivity, New York Index and Canada rate decision on Wednesday.

Australia service index, exports, imports, trade balance, China service PMI, France unemployment rate and service PMI, Italy service PMI, Germany service PMI, EU service PMI, retail sales, refinancing rate, U.K. service PMI, U.S. initial jobless claims, mfg PMI, non-defense capital ex-air, durable goods and factory orders on Thursday.

Australia retail sales, Japan consumer confidence, Germany industrial orders, Swiss CPI, Canada labour productivity, participation rate, unemployment rate, employment change, trade balance, exports, imports, Ivey PMI, U.S. non-farm payrolls, average earning, international trade, and unemployment rate on Friday.

 

AceTraderFx Nov 30: Intra-Day Market Moving News and Views (EUR/USD)

Intra-day Market Moving News and Views

30 Nov 2015 02:06GMT

EUR/USD - ...... Although euro staged a short-covering rebound in Friday's New York session from 1.0569 to 1.0605, price came under renewed selling pressure due to usd's broad-based strength in Asia on Monday.

Bids are noted near last Wednesday's fresh 7-month trough at 1.0565 with stops touted below there.

On the upside, offers are noted at 1.0605/15 and more above with stops reported above 1.0645, suggesting selling euro on intra-day recovery is recommended.

Italy & Germany will release inflation data during European session, pay particular attention to German preliminary CPI at 13:00GMT, street forecast is looking for October M/M reading of 0.1% (prev. at 0.0%) and Y/Y reading of 0.4% (previous at 0.3%)

 

AceTraderFx Nov 30 : Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK

Update Time: 30 Nov 2015 01:08 GMT

EUR/USD - 1.0577

Despite euro's intra-day decline from 1.0638 to 1.0569 on Friday, subsequent short-covering rebound in New York afternoon suggests further choppy trading above last Wed's fresh 7-month trough at 1.0569 would continue before recent downtrend resumes, break of said last week's low would extend weakness to 1.0540/50, loss of momentum should keep price above daily sup at 1.0521 today.

On the upside, only above 1.0638/42 res would prolong near term sideways swings and risk stronger retracement to 1.0689 before prospect of another decline.

 

AceTraderFx Nov 30: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK

Update Time: 30 Nov 2015 08:20 GMT

USD/JPY - 122.82

Friday's intra-day rebound from 122.30 to 122.88 (New York) has retained our previous view that dollar's early decline from November's 12-week peak at 123.77 has ended last week at 122.26 and consolidation with upside bias is seen, above 122.94/96 would encourage for subsequent headway towardd 123.26.

On the downside, only break of 122.21/26 sup would risk stronger retracement of recent upmove to 122.01.

However, reckon 121.74 (previous res, now sup) would contain weakness.

 

AceTraderFx Nov 30: Intra-Day Market Moving News and Views (GBP/USD)

Intra-day Market Moving News and Views

30 Nov 2015 09:45GMT

GBP/USD - 1.5010... Although cable moved sideways after finding marginal fall below last week's 7-month trough at 1.5027 to 1.5015 in Asia and then staged a bounce to 1.5050 in European morning, price fell in tandem with euro n tanked to a fresh session low of 1.5000.

Bank of England showed in a report in European morning on Monday that U.K. mortgage approvals rose less-than-expected last month. BoE said that U.K. Mortgage Approvals rose to a seasonally adjusted 69.63K in Oct, from 69.01K in the preceding month whose figure was revised up from 68.87K.