Intraday trading signal - page 228
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AceTraderFx Jan 28: Intra-Day Market Moving News and Views EUR/USD
28 Jan 2016 10:05GMT
EUR/USD - ......... Although the single currency jumped from 1.0870 to 1.0927 in European morning on active cross-buying in euro versus yen, profit-taking checked intra-day gain there so far and price edged lower after release of downbeat euro zone economic reports.
European Commission said on Thursday that euro zone consumer confidence fell to an annual rate of -6.0, from -5.7 in the preceding month.
Meanwhile, data showed euro zone business climate, economic sentiment fell to 0.29 and 105.0 in January compared to previous readings of 0.41 and 106.8 respectively.
At present, offers are reported at 1.0910-20 and then 1.0930-40 with stops above 1.0950.
On the downside, bids are noted at 1.0890-80 and more around 1.0870 with stops below 1.0860.
AceTraderFx Jan 29: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
29 Jan 2016 01:19GMT
USD/JPY- ...... Japan released a key set of data ahead of BoJ's monetary policy decision around Tokyo midday. Reuters reported Japan's core consumer prices rose 0.1 percent in December from a year earlier, government data showed today.
The core consumer price index, which includes oil products but excludes fresh food prices, matched economists' median estimate for a 0.1 percent annual gain.
The so-called core-core inflation index, which excludes food and energy prices and is similar to the core index used in the United States, rose 0.8 percent in the year to December.
Core consumer prices in Tokyo, available a month before the nationwide data, fell 0.1 percent in January from a year earlier, versus a 0.1 percent annual rise seen by analysts in a Reuters poll.
Reuters also reported Japan's industrial output fell 1.4 percent in December from the previous month, government data showed today, down for a second straight month in a sign that weakness in domestic and external demand is weighing on factory activity.
The reading compared with a median market forecast for a 0.3 percent decline in a Reuters poll of economists, data by the Ministry of Economy, Trade and Industry showed.
Manufacturers surveyed by the ministry expect output to rise 7.6 percent in January and decline 4.1 percent in February, the data showed.
Data to be released on Friday:
New Zealand building permits, Japan unemployment rate, jobs/applicants ratio, all household spending, CPI, industrial production, interest rate decision, housing start, construction order, Australia producer price index, U.K. consumer confidence, France GDP, producer prices, consumer spending, Swiss KOF leading indicator, Italy producer price index, Euro zone CPI, U.S. GDP, employment cost index, good trade balance, personal consumption expenditures prices, Chicago PMI, The Reuters/Michigan consumer sentiment index, Canada producer prices and GDP
AceTraderFx Jan 29: Intra-Day Market Moving News and Views USD/JPY
Intra-Day Market Moving News and Views
29 Jan 2016 02:32GMT
USD/JPY - ..... Despite initial brief bounce to 118.97 just ahead of Tokyo open, selling interest below yesterday's New York high at 118.99 quickly emerged n pressured price back to 118.66.
Looks like dlr would trade below Wednesday's 3-week high of 119.08 ahead of BoJ's monetary policy announcement which is expected to come out during Tokyo lunch session.
Market is expecting the central bank to stand pat on its rate decision but in the event BoJ 'tweaks' its stimulus measure(s), then trader's initial reaction would be to sell yen across the board.
On the other hand, if BoJ maintains its monetary policy totally unchanged, then be prepared for a swift broad-based strengthening of the yen but this may probably will not be long-lasting.
Offers are tipped at 118.90/00 with stop above 119.10, initial bids are noted at 118.60 and more below with stops touted below 118.40.
Hang in there and be nimble and be quick when announcement appears on the screen.
AceTraderFx Jan 29: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
29 Jan 2016 03:10GMT
EUR/USD - ...... Euro pares yesterday's intra-day relatively strong gain in New York session after downbeat U.S. durable goods order (December reading fell by the most since August 2014) and then lower-than-expected pending home sales data sent the single currency to a 2-week high of 1.0968.
However, lack of follow-through buying resulted in euro's erasing some of Thursday's gain.
Despite being the last trading day of the month, there is a slew of important EZ data due out in European session with France's GDP at 06:30GMT, then German retail sales n later important EZ Jan CPI at 10:00GMT.
If the data are supportive of the euro, then expect market to test Jan's high at 1.0985, however, if the data turn out to be weaker than forecast, then euro be be sold on long liquidation.
In the meantime, offers are tipped at 1.0960/70 and more above with stops above 1.0985, more stops (fairly large) are touted above 1.1000.
Initial bids are noted at 1.0930-20 and more below with stops below 1.0900.
AceTraderFx Jan 29: Intra-Day Market Moving News and Views GBP/USD
Intra-Day Market Moving News and Views
29 Jan 2016 04:03GMT
GBP/USD - ...... Cable has shown muted reaction to early release of upbeat U.K. consumer confidence and moved narrowly below yesterday's near 2-week high of 1.4358.
The pound is currently trading a cent higher from where it was at in Asia 24 hours ago as release of bang-in-line U.K.
GDP swiftly led to broad-based short-covering in sterling because the 2015 Q4 data showed Britain's economy growing in line with market forecasts.
Price jumped to 1.4246 before retreating to 1.4284, however, renewed buying interest emerged and sent price higher.
The release of downbeat U.S. data gave cable further shot in the arm n pushed it above previous res at 1.4367, tripping stops above there and sent price to session highs of 1.4408 before easing.
Range trading below 1.4408 is now envisaged until European open and with no U.K. data due out today, cable may swing in tandem with eur/usd.
Offers are tipped at 1.4400/10 with stops touted above there, however, more selling interest is reported at 1.4435/45.
Initial bids are noted at 1.4350-40 with some stops below there, more stops are reported below 1.4300.
AceTraderFx Jan 29: Intra-Day Market Moving News and Views EUR/USD
Intra-Day Market Moving News and Views
29 Jan 2016 07:46GMT
EUR/USD - ..... Euro falls at European open after release of downbeat German retail sales data. Reuters reported German retail sales dipped in December, marking a weak end to the year and suggesting private consumption, which has been a pillar of support for Europe's largest economy, could lose steam in the fourth quarter.
Retail sales, a notoriously volatile indicator often subject to revision, were down by 0.2 percent month-on-month in real terms after climbing by a revised 0.4 percent the previous month, the Federal Statistics Office said on Friday. Economists polled by Reuters had expected a 0.5 percent rise.
The Statistics Office is due to publish preliminary fourth-quarter gross domestic product (GDP) data on Feb 12.
Earlier this month, it said GDP likely grew by 1.7 percent in 2015, meaning growth of around 0.25 percent in the fourth quarter, compared with 0.3 percent in the third.
The annual retail sales comparison was more encouraging, showing a 1.5 percent rise compared with December 2014, but that still missed the consensus forecast for a 2.0 percent increase.
Nonetheless, the outlook for household spending remains bright as German consumers revel in record-high employment and rising wages at the same time as low interest rates discourage them from saving. Consumption is expected to support growth this year.
AceTraderFx Jan 29: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 29 Jan 2016 08:25 GMT
USD/JPY - 120.72
The greenback's over 2% jump to a fresh 1-month peak at 121.42 after Bank of Japan announced negative interest rates suggests recent erratic upmove remains in progress and consolidation with upside bias would be seen for gain towards 121.70/80.
However, over bought condition would prevent steep gain above there and risk would increase for a much-needed correction early next week.
On the downside, only below support at 119.60 would confirm a temporary top has been made and risk stronger retracement towards 119.10/20.
On the downside, only below 117.66 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 117.30/40.
AceTraderFx Feb 1: Intra-Day Market Moving News and Views- USD/CNH (offshore)
Intra-Day Market Moving News and Views
01 Feb 2016 01:21GMT
USD/CNH (offshore)- ...... Dlr climbed vs the yuan after official Chinese manufacturing data was released earlier than official release time. Reuters reported NBS Jan mfg index fell to a near 3-1/2 year low of 49.4 vs forecast of 49.6, previous month's reading was 49.7. In addition, NBS Jan non-mfg index came in at 53.5 vs previous month's reading at 54.4.
The antipodean currencies (aud n nzd) both fell to intra-day lows of 0.7043 and 0.6449 vs the usd respectively after the downbeat data.
Reuters reported this morning several major hedge funds are piling into bets that China's currency will decline against the dollar, according to the Wall Street Journal.
Hayman Capital Management has invested about 85 percent of its portfolio in bets against the yuan and the Hong Kong dollar, and Greenlight Capital holds options that pay off if the yuan falls. Hedge fund managers Stanley Druckenmiller and David Tepper have also taken positions against the Chinese currency.
The bets reflect the multitude of pressures on China's currency, including a slowing economy, unsteady financial markets and persistent capital outflows that have diminished the country's formidable foreign reserves.
At the same time, the U.S. dollar has risen steadily against other currencies as the relative strength of its economy has compelled the Federal Reserve to raise interest rates for the first time since the 2009 recession.
AceTraderFx Feb 1: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
01 Feb 2016 01:46GMT
USD/JPY - ....... Despite opening slightly higher n gaining to 121.49 ahead of Tokyo open, the greenback met renewed selling and retreated to 121.10 in early Tokyo morning, in part due to risk aversion triggered by the release of weaker-than-expected Chinese services n manufacturing PMIs.
Bids are now lowered to 120.90/00 and more below at 120.70/80 with stops building up below there whilst initial offers are noted at 121.70/80, suggesting near term upside bias remains and buying on dips is favored.
Data to be released:
Australia AGI manufacturing index, TD securities inflation, China manufacturing PMI, non-manufacturing PMI, Japan manufacturing PMI, Swiss manufacturing PMI, France manufacturing PMI, Italy manufacturing PMI, Germany manufacturing PMI, Euro zone manufacturing PMI, U.K. manufacturing PMI, mortgage approval, U.S. personal consumption expenditures, personal spending, personal income, construction spending manufacturing PMI and Canada manufacturing PMI on Monday.
Australia interest rate decision, Swiss retail sales, Germany unemployment rate, unemployment change, Italy unemployment rate, Euro zone unemployment rate, producer price index, U.S. Redbook and ISM New York index on Tuesday.
New Zealand unemployment rate, job growth, Australia AIG service index, building permits, imports, exports, trade balance, China service PMI, Japan consumer confidence index, Italy service PMI, CPI, France service PMI, Germany service PMI, Euro zone service PMI, retail sales, U.S. mortgage applications, ADP employment change, service PMI, non-manufacturing PMI, participation rate and labour cost index on Wednesday.
Australia business confidence, Swiss consumer climate, U.K. Halifax house prices, U.K. Bank of England rate decision, MPC vote, U.S. initial jobless claims, unit labour cost, productivity and factory order on Thursday.
Australia retail sales, Germany factory orders, France imports, exports, trade balance, U.S. unemployment rate, non-farm payroll, average earnings, private payrolls, manufacturing payrolls, participation rate, trade balance, Canada imports, exports, international balance, participation rate, net change in employment and Ivey PMI on Friday.
AceTraderFx Feb 1: Intra-Day Market Moving News and Views- EUR/USD
Intra-Day Market Moving News and Views
01 Feb 2016 03:22GMT
EUR/USD - ....... Although the single currency remained under pressure in early trade in New Zealand and weakened to 1.0815 ahead of Asian open, renewed buying interest abv Fri's low at 1.0810 lifted the pair n price pared its losses n rebounded to 1.0846 in Asian morning due partly to dlr's broad-based weakness.
Germany and EZ will release their manufacturing PMIs at 08:55 and 09:00 respectively.
Street forecasts are for both the figures to remain unchanged at 52.1 and 52.3 resp.
Offers are now seen at 1.0850/60 and more above at 1.0870/80 with stops building up above there whilst initial bids are noted at 1.0790/00, suggesting selling on pullback still remains the favored strategy.