Intraday trading signal - page 124
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
AceTraderFx Oct 14: Intra-Day News and Views(USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
14 Oct 2014 01:23GMT
USD/JPY - .... It was deja vu in Australia early this morning, just like Monday's morning price action in NZ when short-term specs sold the greenback broadly ahead of Asian open, knocking the pair briefly but sharply below Monday's 137.06 low to a fresh 1-month trough of 106.76 as a late sell off in the Dow & S&P (only U.S. bond market was closed for Columbus Day holiday on Mon) prompted renewed buying of yen on risk aversion.
Bids are noted at 107.10-00 and more below whilst offers are tipped at 107.45/55 with stops above there, however, more selling interest is reported at 108.00/10, suggesting consolidation with upside bias is in store.
Despite intra-day sell off in the Nikkei (currently down 367 points), Japanese bargain hunters (importers) bot dlr ahead of Tokyo open, price bounced back to 107.24, suggesting the intra-day low print would remain, at least during Asian session.
Data to be released on Tuesday:
U.K. BRC retail sales, Japan's domestic CGPI, Australia's NAB business conditions, BOJ outlook report, U.K. CPI, PPI and RPI, Germany's ZEW economic sentiment, eurozone industrial production, U.S. Redbook.
AceTraderFx Oct 14: Intra-Day Market Moving News and Views GBP/USD
Intra-Day Market Moving News and Views
14 Oct 2014 08:30GMT
GBP/USD - ...... Cable falls to session low of 1.5979 immediately after release of U.K. inflation data. September annual CPI came in at 1.2% vs street forecast of 1.4% whilst month/month CPI came in at 0% vs forecast of 0.2%.
Sterling was already down vs euro & yen in European morning and the lower-than-expected inflation has deferred market speculation of a hike in the U.K. base rate by the BoE anytime soon in 2015.
Looks like sterling would remain under pressure in Europe n last Monday's 11-trough at 1.5943 is now in focus.
Offers are noted at 1.6000/10 and more above, some bids are reported at 1.5960/50 with stops building below 1.5940.
Therefore, selling cable is the way to go today !!
AceTraderFx Oct 15: Intra-Day News and Views(USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
15 Oct 2014 02:09GMT
USD/JPY - ..... Earlier Japanese Economics Minister Akira Amari said today the gov't is not pursuing a policy to intentionally weaken the yen.
Amari, speaking in parliament, said it is necessary to monitor any negative impact from rising import prices.
Some cited his comments may have contributed to dlr's intra-day retreat from 107.41.
The greenback swung from gain to loss in volatile Tokyo trading on Wed as various comments from Japan officials have confused traders.
Despite climbing in Australia after touching a fresh 1-month low of 106.67 in Europe yesterday due to cross-buying of yen, anticipated rebound in the Nikkei prompted short covering, dlr easily penetrated NY high of 107.12 n rallied to intra-day high of 107.41 ahead of Tokyo open after tripping stops above 107.30. Present retreat on renewed cross-buying of yen possibly after Japan's Economy minister Amari's comment suggests choppy sideways trading is in store.
Offers are noted at 107.30/40 n more at 107.55/60 would stops touted above there. Initial bids have been raised to 107.05-00 n more below should keep dlr trading above said yesterday's low. Therefore, with the Nikkei now in positive territory after recent losing streak, buying dlr on dips is favoured.
Earlier, BoJ senior official said 'BoJ's QE has caused rates to fall, making it easier for banks to increase lending; increase in money stock helps support demand for funding, supports overall economy.'
'no comment on specific FX levels;
in general, weak yen is positive for exports and companies operating globally; weak yen can be negative for some small firms and importers;
weak yen can put pressure on real household incomes;
BoJ gov Kuroda thinks that as long as FX moves in line with fundamentals, weak yen is positive.'
Wednesdaywill see the release of China's CPI and PPI, Japan's industrial production, Germany's final CPI and HICP, U.K. ILO unemployment rate and claimant count unemployment change, Swiss ZEW investor sentiment, U.S. retail sales, NY Fed manufacturing, core PPI final demand, business inventories and Fed's Beige book.
AceTraderFx Oct 15: Intra-Day Market Moving News and Views(EUR/USD)
Intra-Day Market Moving News and Views
15 Oct 2014 07:51GMT
EUR/USD - ....... Although euro rebounded after extending decline from yesterday's high of 1.2769 to 1.2625 in Asia n price edged higher in European morning after data showed German inflation in-line with expectations, renewed selling interest at 1.2663 checked gain adn price retreated to 1.2639.
At present, offers are touted at 1.2670/80 and more above with stops emerging above 1.2700.
On the downside, bids are placed at 1.3610-00 with stops below 1.2600 and more near 1.2580.
Earlier mentioned triple whammy of bearish news which hit the euro on Tuesday, WSJ reported another piece of euro-negative news worth noting.
A stand off among the ECB, Germany n other EZ governments is holding back Europe's quest to revive its flagging economic recovery.
The tensions, brewing for months, have sharpened this month as eurozone economic data have deteriorated n threaten to prevent a coherent policy response as Europe's economy slides toward a 3rd recession in 6 years.
A growing number of policy makers n advisers say a coordinated push is now needed, comprising aggressive new ECB actions, higher investment spending by Germany n EU institutions, n bolder economic overhauls in France & Italy. Even such a coordinated push might not be enough to return the eurozone to faster growth. But in its absence, the risks of a near-term recession n longer-term decline are rising, many argue.
German Chancellor Angela Merkel's gov't on Tue rejected calls for it to boost spending n delay its goal of a balanced budget next year amid mounting evidence of a slowdown in Europe?s biggest economy. Officials in Berlin also said they see no need for the ECB to try out new n uncertain measures.
Some ECB officials fear quantitative easing would be less effective in the eurozone than in the U.S. or U.K., because of the currency bloc's fragmented financial system, its reliance on bank loans rather than capital markets, n the fact that eurozone sovereign bond yields are mostly low already. But the ECB may have little choice but to try if inflation expectations continue to dwindle n the risk of outright deflation increases.
AceTraderFx Oct 16: Intra-Day News and Views(USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
16 Oct 2014 02:08GMT
USD/JPY - ..... Dlr is nursing loss after yesterday's brief but sharp fall to a 5-week trough of 105.20 as release of a surprise sharp drop in U.S. retail sales (September monthly sales fell 0.3% vs forecast of -0.1%, previous reading was +0.6%) proved to be the 'catalyst' for a broad-based sell off in global stocks with the Dow having fallen 458 points after the data.
The broad-based weakness in global equities also triggered sharp fall in the Nikkei futures (N225 futures closed down 535 points) led to active buying of yen on risk aversion.
Although recovery in U.S. stocks plus rebound in the benchmark 10-year U.S. treasury yields (10Y had one of the biggest intra-day moves in over a decade fell from 2.20% to 1.85%, lowest since mid-2013) lifted dlr to 106.40 on short-covering, price moved narrowly for rest of NY afternoon session.
The lack of a movement in Tokyo trading is a surprise, no bargain hunters, no short-term specs selling dlr on stop-hunting etc suggests buyers & sellers are evenly balanced.
Although Nikkei is currently trading at a 4-1/2 month low of 14763 (down 310 points), yen is weak on the crosses, suggesting range trading would continue in Asia as traders are on the sideline.
Offers are noted at 106.30/40 and more above with stops above 106.70. Initial bids are reported at 105.80-60 area with stops touted below 105.20.
Thursday will see the release of New Zealand's manufacturing PMI, consumer inflation expectation, eurozone trade balance and CPI, U.S. initial jobless claims, industrial and manufacturing output, NAHB housing market index, Philly Fed business index, Net L-T flows and overall capital flows.
AceTraderFx Oct 16: Daily Technical Outlook & Trading Ideals on GBP/USD
DAILY GBP/USD TECHNICAL OUTLOOK
Last Update At 16 Oct 2014 01:29GMT
Trend Daily Chart
Sideways
Daily Indicators
Bullish convergences
21 HR EMA
1.5965
55 HR EMA
1.5975
Trend Hourly Chart
Sideways
Hourly Indicators
Rising
13 HR RSI
59
14 HR DMI
+ve
Daily Analysis
Consolidation with upside bias
Resistance
1.6127 - Mon's high
1.6070 - Y'day's high
1.6021 - Hourly chart
Support
1.5940 - Prev. res, now sup
1.5875 - Y'day's fresh 11-month in NY
1.5820 - 61.8% proj. of 1.7192-1.6052 fm 1.6525
. GBP/USD - 1.5998 ... Cable swung wildly on Wed. Despite initial drop to 1.5877 in Asia, short-covering lifted cable n the pair later rallied to as high as 1.6070 due to dlr's broad-based weakness on downbeat U.S. retail sales. Price tumbled to fresh 11-month low at 1.5875 b4 rebounding to 1.6021 at NY close.
. Looking at the hourly n daily charts, y'day's strg rebound fm 1.5875 to 1.6021 suggests MT downtrend fm Jul's near 6-year peak at 1.7192 has possibly formed a temporary low there n few days of choppy consolidation with mild upside bias wud be seen, a breach of 1.6070 (y'day's high in NY morning) anytime wud confirm this view n stronger retracement to 1.6123/27, being min. 38.2% r of intermediate fall of 1.6525-1.5875 n Mon's high respectively, n then 1.6050/60 wud follow, however, hourly oscillators wud be in o/bot territory on such a move n price wud falter below 1.6200 (50% r fm 1.6525) n yield another fall next week.
. In view of abv analysis, buying cable on dips is recommended today n only a daily close below 1.5900 wud confirm aforementioned recovery is over n yield resumption of decline fm 1.7192 to re-test 1.5875, break wud extend to next downside obj. at 1.5820, this is 61.8% proj. of 1.7192-1.6052.
AceTraderFx Oct 17: Intra-Day News and Views(USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
17 Oct 2014 01:33GMT
USD/JPY - ....... Statement from BoJ Kuroda, quote:
'there is no doubt BoJ will end QQE if Japan hits 2% inflation and this price level is maintained stably;
too early to debate exit strategy for QQE now, how to exit will depend on market, economic developments at the time;
talking about specific exit strategies now could cause confusion when communicating with market.'
While statement from BoJ Deputy Gov Iwata quote:
'BoJ is internally making ssimulations on exit strategy, but too early to consider one now;
Japan still half way in meeting boJ's 2% inflation target.'
Japan's FinMin Taro Aso said no plan now to review Japan's foreign reserves.
Friday will see the release of Japan's Tankan, Germany's whole price index, eurozone GDP, U.S. building permits and housing starts, Canada's CPI and preliminary U.S. University of Michigan sentiment.
AceTraderFx Oct 20: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
20 Oct 2014
USD/JPY .......Statement at a quarterly meeting of the central bank's regional branch managers BoJ Governor Haruhiko Kuroda said, quote:
-Japan's economy continues to recover moderately as a trend
- effect of sales tax hike on economy likely to gradually ease
-Japan banking system maintaining stability
-QQE exerting intended effects
-BOJ will maintain qqe for as long as needed to achieve 2 pct inflation in stable manner
-BOJ will adjust policy as needed, looking at upside, downside risks to economy, prices
-some weakness seen in output
The main driver of today's gap-up open on the dlr in NZ was a w/end report by Bloomberg citing source from the Nikkei.
Bloomberg reported Japan's $ 1.2 tln retirement fund will increase its allocation target for shares to about 25% from 12%, the Nikkei newspaper reported today without attribution.
Nikkei also said GPIF will also boost its holdings of foreign bonds n stocks to about a combined 30% from 23%, while reducing domestic notes to the 40% level from 60%.
Takatoshi Ito, a member of the panel said that the GPIF would be "stupid? to announce its new investment strategy before adjusting asset allocations. Publishing targeted weightings in advance would move markets, forcing the fund to buy at highs and sell at lows, he said in an interview on Oct. 14.
The fund's asset review could come as late as December, as GPIF officials, members of its investment committee n the health ministry have different views on the best timing and approach, Ito said.
Data to be released this week:
UK Rightmove house prices, Germany producer prices, EU current account, Italy industrial orders, industrial sales and Canada wholesale tradeon Monday.
Australia CB leading indicator, Westpac leading index, RBA minutes, China GDP, retail sales, industrial output, Japan industry index, Swiss trade balance, UK PSNB, PSNCR, U.S. Redbook retail sales and existing home sales on Tuesday.
Japan imports, exports, trade balance, Australia inflation, BoE minutes, UK BoE MPC vote, Canada retail sales, BoC rate decision, U.S. weekly earnings and CPI on Wednesday.
New Zealand CPI, Japan manufacturing PMI, China HSBC manufacturing PMI, France business climate, manufacturing PMI, services PMI, Germany manufacturing PMI, services PMI, EU manufacturing PMI, services PMI, Italy trade balance, UK retail sales, CBI trends, U.S. home price index, jobless claims, manufacturing PMI, leading index and consumer confidence on Thursday.
New Zealand trade balance, imports, exports, China house prices, Germany consumer sentiment, Italy retail sales, UK GDP and U.S. new home sales on Friday.
AceTraderFx Oct 20: Weekly Technical Outlook & Trading Ideals on USD/CHF
WEEKLY USD/CHF TECHNICAL OUTLOOK
Last Update At 20 Oct 2014 00:03GMT
Trend Daily Chart
Sideways
Daily Indicators
Turning down
21 HR EMA
0.9455
55 HR EMA
0.9454
Trend Hourly Chart
Sideways
Hourly Indicators
Rising
13 HR RSI
58
14 HR DMI
+ve
Daily Analysis
Consolidation with upside bias
Resistance
0.9563 - Wed's high
0.9525 - 50% r of 0.9690-0.9360
0.9491 - Last Thur's high
Support
0.9405 - Last Thur's low
0.9360 - Last Wed's fresh 3-week low
0.9301 - Sep 16 low
. USD/CHF - 0.9469...The greenback also swung wildly in opposite direction to euro last week. Despite initial weakness to 0.9469 on Mon, price recovered to 0.9563 Wed but only to tank to a near 3-week trough of 0.9360 after downbeat US retail sales, price later bounced back to 0.9491 Thur n moved sideways on Fri.
. Let's look at daily picture 1st, dlr's erratic decline fm Oct's fresh 1-year peak at 0.9670 n then last week's breach of 0.9470 sup to 0.9360 confirms MT rise fm 2014 near 2-1/2 year trough at 0.8698 (Mar) has indeed formed a tempo rary top at 0.9690 n consolidation with downside bias is seen for further weakness to 0.9311, this is a 'minimum' 38.2% r of aforesaid upmove fm 0.8698, a daily close below daily sup at 0.9301 is needed to bring stronger correction twd 0.9194 (50% r). As daily technical are turning down, suggesting consolidation with downside bias is in store this week. On the upside, only a daily clsoe abv0.9563 (last week's high on Wed) wud dampen present bearish bias on dlr.
. Today, dlr's erratic rise fm 0.9360 to 0.9491 signals 1st leg of said correction fm 0.9690 has ended, abv 0.9491 wud add credence to this view n bring stronger gain to 0.9525 (50% r) but res at 0.9563 shud cap upside.
AceTraderFx Oct 21: Intra-Day News and Views (USD/JPY AUD/USD)
Intra-Day Market Moving News and Views
21 Oct 2014 01:30GMT
USD/JPY - 106.78.. In total stark contrast to yesterday's biddish tone in Tokyo session, dlr remains under pressure in Tokyo morning as renewed weakness in global stocks on Mon pushed the Nikkei in the red (N225 index currently down 92 points at 15019 after yesterday's spectacular 578-points rally to 15111, being the strongest rise in over a year).
Light stops were tripped after dlr met renewed selling at 107.01 n briefly penetrated NY low of 106.79 to 106.70. The lack of a recovery suggests intra-day downside bias remains for a correction of y'day's rally from a 5-week low of 105.20.
Traders cited broad-based yen buying on risk aversion due to the upcoming China GDP as street forecast is looking for Q3 annual growth to slow down to 7.2% vs prev. reading of 7.5%.
So short-term specs are buying yen/selling dlr ahead of the downbeat China GDP.
Offers are noted at 107.00/10 n more abv with minor bids at 106.70, stops below 106.60-50 are now in focus.
21 Oct 2014
AUD/USD - .......RBA meeting minutes:
'most prudent course likely to be a period of stability for rates;
despite recent fall, a$ remained high by historical standards;
in recent months there had been a further pick up in lending to housing investors;
members discussed importance for banks to maintain strong lending standards;
range of indicators suggested labour market was subdued but had stabilised somewhat this year;
forward-looking indicators pointed to modest employment growth ahead; wage growth to remain relatively slow near term, help contain inflation even with A$ lower;
historically slow wage growth consistent with spare capacity in labour market;
more timely indicators suggested moderate growth overall had continued into Q3;
consumption was likely to be supported by ongoing strength in housing; members observed most Australian iron ore production remained profitable following price fall;
members were briefed that Chinese authorities had scope to ease policy if needed to support growth.'