Intraday trading signal - page 248
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AceTraderFx Apr 18: Intra-Day Market Moving News and Views- GBP/USD
Intra-Day Market Moving News and Views
18 Apr 2016 09:33GMT
GBP/USD - ...... Cable rebounds from intra-day low of 1.4132 on short covering after Reuters news reported the "In" camp maintains lead.
Although sterling came under renewed selling pressure in New Zealand at 1.4240 on Monday as renewed warnings over the weekend on risk of a 'Brexit' triggered a wave of selling, price fell to 1.4163 in Asia, then to 1.4132 in early European trading. News of the "In" camp is still maintain a small lead prompted short covering, lifting the pound to as high as 1.4201, suggesting range trading is in store until New York open.
Bids are noted at 1.4165-55 and more below with stops below 1.4130, some offers are reported at 1.4200/05 with some stops above there, more selling interest is tipped at 1.4240/45 with stops touted above there.
Reuters reported the "In" campaign has retained its seven percentage point lead ahead of Britain's June 23 referendum on whether Britain should stay in the European Union although more voters were undecided, according to a ComRes poll for the Sun newspaper on Monday.
The telephone survey of 1,002 people carried out last week found support for staying in the bloc was on 45 percent with 38 percent of voters backing a Brexit.
That meant the "In" camp's lead was unchanged from a similar ComRes poll last month although the number of undecided voters had risen significantly to 17 percent. Last month, 11 percent said they did not know how they would vote.
"It is clear there is still considerable confusion about the referendum, which suggests a lack of clarity from both campaigns," Tom Mludzinski from ComRes told the Sun.
Phone surveys have generally indicated support for remaining in the EU firmly ahead of the "Out" campaign, while online polls have the two sides running neck and neck.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 19 Intra-Day Market Moving News and Views- USD/JPY
Intra-Day Market Moving News and Views
19 Apr 2016 00:22GMT
USD/JPY - ...... Ahead of Asian open Japanese Finance Minister Taro Aso said on Tuesday that he would take "various steps" against excessive currency moves, while declining to comment on the possibility of intervention to stem a rise in the yen.
Kuroda told the Wall Street Journal in an interview that BOJ was not targeting currencies but that he would continue to monitor their movements.
Kuroda commented that the BOJ could "technically and theoretically" lower interest rates at least to minus 0.4 percent, and reiterated the central bank would not hesitate to ease further if needed to meet its 2 percent inflation target, according to the Wall Street Journal today.
He continued to say the trend in inflation could be affected if the yen continued to appreciate excessively, if this continues it could affect not just actual inflation, but even the trend in inflation through its impact on business confidence, business activity, and even through inflation expectations.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 19: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
19 Apr 201601:35GMT
USD/JPY - ..... in total stark contrast to yesterday's weak posture in early Asian trading, the pair climbed above yesterday's New York 108.99 high to 109.22 at Asian open as 2 rounds of verbal warning by Japanese officials (see earlier updates for details) prompted short-term yen selling, tripping stops above 109.00.
Although dlr has eased, intra-day rally in Asian stocks (Nikkie is currently up by over 3.5% at 16862) should boost risk sentiment, leading to more yen-selling. Therefore, buying dlr on dips is still favoured.
Bids are noted at 119.00-108.90 and more below with stops below 108.70. Some offers are tipped at 109.20/30 and more at 109.55 with stops touted above 109.75.
Data to be released on Tuesday:
Japan tertiary industry index, Eurozone current account, ZEW economic sentiment, Germany ZEW current condition, ZEW economic sentiment, U.S. building permits, housing starts and Redbook index.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time
AceTraderFx Apr 19 Intra-Day Market Moving News and Views- EUR/USD
Intra-Day Market Moving News and Views
19 Apr 2016 04:08GMT
EUR/USD - ..... Euro pares yesterday's modest gain in Asian morning and retreated from New York high of 1.1332 to 1.1304, however, market attention is Asia is on the yen and yen crosses as well as the antipodean currencies, suggesting further sideways trading below said yesterday's high would continue.
Pay attention to release of Germany's and then EZ Apr ZEW economic sentiment index both due out at 09:00GMT, street forecast is looking for a reading of an improved figure of 8.0 and 13.9 respectively, so if actual readings come in better than forecast, euro may be bought.
Offers are tipped at 1.1325/35 with stops above there, more stops are reported above 1.1350.
Initial bids have been raised to 1.1300 and more below with some stops touted below 1.1270.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 19: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 19 Apr 2016 05:11 GMT
EUR/USD - 1.1322
Yesterday's rise from 1.1274 to 1.1332 in New York confirms euro's decline from last Tuesday's 5-1/2 month peak at 1.1465 has indeed made a low at 1.1234 (Thursday) and as long as said Mon's low holds, consolidation with mild upside bias still remains for gain toward 1.1346, however, reckon 1.1377 (61.8% r of 1.1465-1.1334) would cap upside and yield another fall later this week.
On the downside, a firm break of 1.1272/74 any time signal correction is over and brings weakness toward 1.1234.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time
AceTraderFx Apr 19: Intra-Day Market Moving News and Views- GBP/USD
Intra-Day Market Moving News and Views
19 Apr 2016 09:18GMT
GBP/USD - ..... Cable has rebounded after intra-day retreat from 1.4339 to 1.4284/85 on news of the "'In" campaign is maintain a small lead. Reuters reported support for Britain to stay in the European Union has risen two percentage points to 53 percent, according to an ORB opinion poll which Prime Minister David Cameron's election strategist said showed the "In" campaign was starting to win over voters.
The Telegraph said support for leaving the 28-member bloc in a June 23 referendum had fallen by three percentage points to 41 percent since an earlier ORB poll published on April 5.
Cameron's election strategist Lynton Crosby said opponents of EU membership were more motivated to turn out to vote but that the poll showed there was a growing preference among voters for staying in the club Britain joined in 1973.
"The Remain campaign has also persuaded more voters of the case for staying in the EU," Crosby, who helped Cameron unexpectedly win outright victory in a national election last May, said in a commentary for The Telegraph.
Crosby said the proportion of those saying "In" is running the better campaign has increased by 5 points to 39 percent while those saying the same of the "Out" campaign fell by 10 points to 25 percent. And that the government's 9.3 million pound leaflet setting out the case for staying in the EU may have helped boost support as could a row between the rival "Out" campaigns over the Electoral Commission's designation of Vote Leave as the official "Out" campaign.
"It may also be a derivative effect of the contrast between David Cameron's demonstrated urgency and focus on the outcome, and infighting between various Leave factions over which campaign should receive the official designation," Crosby said, while immigration was an issue the "Out" campaign which use to win over voters while the "In" campaign could lose support if it could not convince voters that the EU helped job creation.
Six percent of those questioned said they did not know how they would vote. The Telegraph said the poll surveyed 800 people but did not give any further details.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 20: Intra-Day News and Views (USD/JPY)
Intra-Day Market Moving News and Views
20 Apr 2016 01:12GMT
USD/JPY - ....... Although improved risk appetites on Tuesday triggered broad-based selling in yen and pushed usd/jpy pair higher to 109.49 in New York morning, profit-taking knocked dlr down to 109.00 in o/n New York.
Later, the pair edged higher to 109.32 ahead of Asian open and then retreated to 109.04 in Tokyo morning.
Today, U.S. will release its latest Existing home sales report at 14:00GMT. Market expects the reading to increase to 5.29 million units and a gain of 3.5% in March compare to 5.08 million units and -7.0% in preceding month respectively.
At the moment, offers are noted at 109.30-40 and more at 109.50-60 with stops above 109.70.
On the downside, bids are reported at 109.00-108.90 and then in the region of 108.70-50 with stops below there.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time
AceTraderFx Apr 20 Intra-Day Market Moving News and Views- EUR/USD
Intra-Day Market Moving News and Views
20 Apr 2016 02:08GMT
EUR/USD - 1.1361... The single currency found support at 1.1303 at Asian open yesterday and then rallied to 1.1345 in European morning due to active cross-buying in euro vs yen, then higher to 1.1385 in New York morning after release of downbeat U.S. new home sales data before retreating.
Euro found support at 1.1352 ahead of Asian open today and moved sideways afterwards.
Today, Germany will release its Producer Price Index for March at 06:00GMT and expectations of this readings from the market is 0.2% m/m and -2.9% y/y compare to previous readings of -0.5% and -3.0% respectively.
Other than that, cross trading in euro should dominate the intra-day swings of the single currency but buying on dips is recommended.
At the moment, bids are reported at 1.1350-40 and then 1.1330-20 with mixture of bids and stops at 1.1320-00 region.
On the upside, offers are noted at 1.1390-00 and more at 1.1410-20 with stops above there.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 20: Intra-Day Market Moving News and Views- GBP/USD
Intra-Day Market Moving News and Views
20 Apr 2016 08:00GMT
GBP/USD - ....... Cable pares intra-day loss and rebounds from European low of 1.4345 to 1.4390 on news of slight lead by the 'In' campaign. Reuters reported British support for staying in the European Union in a June 23 referendum rose 3 percentage points to 38 percent, according to a TNS opinion poll published on Wednesday.
The online poll of 1,198 people, carried out on April 12-14, showed support for the "In" campaign led by PM David Cameron had risen to 38 percent from 35 percent in a similar poll carried out on April 7-11.
Support for the "Out" campaign fell to 34 percent from 35 percent over the same period while the proportion of undecided voters fell to 28 percent from 30 percent over the period, according to TNS.
Official data showed the number of people unemployed in Britain rose for the first time since mid-2015 in the three months to February, suggesting employers were cautious ahead of the country's European Union membership referendum and the introduction of a higher minimum wage.
The figures also showed the number of people in employment rose by only 20,000, its weakest performance, since the three months to June last year, and overall pay gains were at their lowest in a year although the figure was distorted by changes in bonus payments.
Economists have linked a recent weakening in Britain's economy to a slowdown in global growth and uncertainty surrounding Britain's EU referendum taking place in June.
The number of unemployed people in Britain rose by 21,000 in the three months to February, the first increase since the May-July period of last year.
Total earnings of workers, including bonuses, rose by an annual 1.8 percent in the three months to February, slowing from 2.1 percent in the three months to January. Economists taking part in a Reuters poll had expected growth of 2.3 percent.
An ONS official said bonuses payed by the financial services sector were lower in February this year than in the same month last year. Earnings excluding bonuses were up 2.2 percent on the year in the three months to February, in line with forecasts in a Reuters poll and the same pace as in the three months to January.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 21: Intra-Day News and Views (USD/JPY)
Intra-Day Market Moving News and Views
21 Apr 2016 01:01GMT
USD/JPY - ...... Although dlr retreated versus yen to 108.77 in European morning yesterday, the pair later rallied above last week's top at 109.74 to 109.88 in o/n New York on usd's broad-based strength following release of upbeat U.S. Existing Home Sales data, then marginal gain to 109.90 ahead of Asian open on Thursday before easing.
Today, U.S. will release weekly jobless claims, Housing Price Index (February) and CB Leading Indicator (March) at 12:30GMT, 13:00GMT and 14:00GMT respectively.
Market expects the U.S. jobless claims to increase 10K last week to 263K compare to 253K in previous reading, whilst U.S. leading indicators to improve to 0.4% from 0.1% in preceding month.
At present, bids are reported at 109.50-40 and more at 109.30-10 region with stops below 109.00, whilst offers are noted at 109.90-110.00 and then 110.10-20 with stops above there.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time