Intraday trading signal - page 136
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 Dec 30: Intra-Day News and Views (EUR/USD) & data to be released today
Intra-Day Market Moving News and Views
30 Dec 2014 02:21GMT
EUR/USD - ...... The single currency tumbled after meeting renewed selling at 1.2220 in Europe yesterday (Europe) due to early knee-jerk reaction to failed Greek parliamentary vote.
Stops below last week's 1.2165 low were triggered and price weakened to 1.2142 in NY and then 1.2135 in Asian morning today.
Offers are now tipped at 1.2150, 1.2160-65 and more at 1.2180. On the downside, some bids are located at 1.2130-20 with mixture of bids and stops seen at 1.2100 level.
Greek opposition leader Tsipras says 'if elected Syriza gov't would guarantee bank deposits in Greek banks.'
Yesterday, although the single currency found some support at 1.2191 in Europe and staged a recovery to 1.2215 in NY morning, renewed selling emerged and pressured the pair lower. Euro continued to remain under pressure and fell to 1.2178 at NY midday, weighed down by the news of failed Greek vote together with cross-selling of euro vs sterling.
Offers were now seen at 1.2190/00 and more above at 1.2210/20 with stops building up above there whilst initial bids were noted at 1.2150/60, suggesting selling on recovery was still favored.
Data to be released on Tuesday:
UK Nationwide house prices, Italy business confidence, producer prices, U.S. Redbook retail sales, CaseShiller home price n consumer confidence.
AceTraderFx Dec 30: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
30 Dec 2014 06:01GMT
USD/JPY- ...... Despite yesterday's rise to 120.72 in NY session due to renewed broad-based strength in the greenback, the pair relinquished Monday's gain as intra-day decline in the Nikkie (N225 closed at the day's low at 17450 n down by 279 points) plus fall in Asian stocks has damped risk sentiment, the closure of Japanese financial markets from Wednesday to Friday is also a contributory factor, suggesting dlr would close below December's 7-1/2 year peak at 121.85 on Wednesday.
Offers are tipped at 120.50/60 and more above with some stops above 120.85. On the downside, some bids are noted at 120.20-00 area with stops touted below there, suggesting sideways trading would continue in European session.
Earlier more on the proposed tax cuts in Japan. Reuters reported Japan's ruling coalition has approved a tax reform plan that will cut the corporate tax rate from Apr and pledge further reductions in coming years in a bid by Prime Minister Shinzo Abe to boost profitability and bolster economic growth.
The pledge contained in a draft of the tax reform plan reviewed by Reuters on Tuesday would cut the overall effective corporate tax rate by 2.51 percentage points to 32.1%.
The plan was set to be approved by Abe's LDP n coalition partner Komeito, early on Tuesday afternoon. The cabinet is expected to approve it in early January.
Abe hopes the tax cut will encourage companies to raise wages, which in turn should spur consumer spending.
The effective corporate tax rate is 34.6% for big firms based in Tokyo, among the highest in the major economies. The average corporate tax rate stands around 25% among OECD economies.
Abe and his ruling coaling won a majority in snap elections this month, giving him a fresh mandate to push through his "Abenomics" stimulus policies. The economy unexpectedly slipped into recession this year after an increase in the national sales tax in April hit consumer spending much harder than expected.
AceTraderFx Dec 31: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
31 Dec 2014 01:58GMT
USD/JPY - ...... The greenback fell sharply to as low as 118.87 on Tuesday on renewed risk aversion due to the sell off in Nikkei-225 index together with the decline in crude oil prices.
West Texas Intermediate crude for February delivery slid as much as 91 cents to $52.70 a barrel in New York, the lowest since May 2009, before trading at $53.70.
Offers are now tipped at 119.50-60 and more at 119.80 whilst some bids are located at 119.10-00 with stops building up below 118.80.
The BOJ said in a statement on Tuesday that it will buy at least 1.25 trillion yen of debt due in more than 10 years per month, up from a minimum target of 650 billion yen. The statement also showed BOJ will continue to purchase between 8 trillion yen to 12 trillion yen of government securities in total each month.
Yesterday the greenback has finally gained some respite after intra-day sell off to as low as 118.87 on yen's broad-based strength due to safe-haven demand fuelled by tumbling oil prices. Dlr pared its losses and recovered to 119.49 at NY midday before retreating again.
Order book remained thin ahead of New Year holiday coming up with some offers seen at 119.45/50 and more above at 119.60/70 with stops building up above there whilst initial bids was noted at 118.80/90.
Data to be released on Wednesday:
Japan market holiday, China HSBC manufacturing PMI, U.S. jobless claims, Chicago PMI and pending home sales.
AceTraderFx Jan 2: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
02 Jan 2015 02:24GMT
USD/JPY - ....... The greenback ratcheted higher on renewed risk appetite in Asian morning on the 1st trading day of 2015 today.
Crude oil prices rose earlier to $55.11 per barrel on news of a larger-than-expected fall in U.S. crude inventory and a fire at a major U.S. supply facility.
Intra-day rise gathered momentum after penetrating the psychological res at 120.00.
Bids are now located at 120.10-00 and more at 119.80.
On the upside, some offers are tipped at 120.45/50 and more at 120.80.
A piece of Reuters news yen-bearish which came on on Thursday worth noting. BoJ Gov Haruhiko Kuroda said the bank has various tools left if it were to ease monetary policy again, stressing its determination to hit its inflation target in the next fiscal year.
"There are plenty of ways to adjust monetary policy," Kuroda said in an interview with the Mainichi daily that ran on Thur, reiterating that the BOJ was ready to expand stimulus again if needed to meet its 2% price target.
He added "If the BOJ loosens its commitment just because it's difficult to achieve the price target, that in itself will make it impossible to meet the price target."
Kuroda has voiced confidence that Japan will see inflation hit 2% as targeted in 2015. But many analysts, and even some within the BOJ board, are sceptical as slumping oil prices have recently slowed consumer inflation to below 1%.
AceTraderFx Jan 5: Intra-Day News and Views (EUR/USD) & data to be released today
Intra-Day Market Moving News and Views
05 Jan 2015 01:16GMT
EUR/USD - ..... Although the single currency moved quietly above last Friday's fresh 4-1/2 year low of 1.2001 in NZ, price tumbled in thin Australian morning to a near 9-year bottom of 1.1861 (EBS).
Some cited selling to w/end euro-bearish news. Reuters reported the German gov't believes that the euro zone would now be able to cope with a Greece exit if that proved to be necessary, Der Spiegel news magazine reported on Sat, citing unnamed gov't sources.
Both Chancellor Angela Merkel n FinMin Wolfgang Schaeuble believe the euro zone has implemented enough reforms since the height of the regional crisis in 2012 to make a potential Greece exit manageable, Der Spiegel reported.
"The danger of contagion is limited because Portugal and Ireland are considered rehabilitated," the weekly news magazine quoted one gov't source saying.
In addition, the European Stability Mechanism (ESM), the euro zone's bailout fund, is an "effective" rescue mechanism and was now available, another source added. Major banks would be protected by the banking union.
It is still unclear how a EZ member country could leave the euro and still remain in the European Union, but Der Spiegel quoted a "high-ranking currency expert" as saying that "resourceful lawyers" would be able to clarify.
According to the report, the German gov't considers a Greece exit almost unavoidable if the leftwing Syriza opposition party led by Alexis Tsipras wins an election set for Jan. 25.
German Fin Min Schaeuble has already warned Greece against straying fm a path of economic reform, saying any new gov't would be held to the pledges made by the current Samaras gov't.
Data to be released this week:
Japan manufacturing PMI, Germany retail sales, CPI, HICP, Swiss manufacturing PMI, UK construction PMI and U.S. ISM New York index on Monday.
Australia exports, imports, trade balance, China services PMI, France consumer confidence, services PMI, Italy services PMI, Germany services PMI, UK services PMI, Canada producer prices, U.S. durable goods, factory orders, ISM non-manufacturing PMI and services PMI on Tuesday.
UK BRC shop price index, Halifax house price, Germany unemployment rate, Italy unemployment rate, EU inflation, unemployment rate, Canada exports, imports, trade balance, U.S. ADP employment, international trade and FOMC minutes on Wednesday.
Australia building approvals, Germany industrial orders, EU producer prices, retail sales, UK BoE rate decision and Canada new housing price on Thursday.
Australia retail sales, Japan leading indicator, Swiss unemployment rate, China CPI, PPI, Germany imports, exports, industrial output, trade balance, France exports, imports, industrial output, trade balance, UK industrial output, manufacturing output, trade balance, Canada building permits, unemployment rate, U.S. average earnings, non-farm payrolls, private payrolls, unemployment rate, wholesale inventories and wholesale sales on Friday.
AceTraderFx Jan 5: Weekly Technical Outlook & Trading Ideals on USD/CHF
WEEKLY USD/CHF TECHNICAL OUTLOOK
Last Update At 05 Jan 2015 00:32GMT
Trend Daily Chart
Up
Daily Indicators
Bearish divergences
21 HR EMA
1.0009
55 HR EMA
0.9970
Trend Hourly Chart
Up
Hourly Indicators
Easing fm o/bot
13 HR RSI
70
14 HR DMI
ve+
Daily Analysis
Choppy conoslidation with mild upside bias
Resistance
1.0235 - 1.618 times ext. of 0.9554-0.9848 fm 0.8759
1.0165 - Intra-day high (AUS)
1.0110 - Chart res
Support
0.9920 - Dec 30 high, now sup
0.9868 - Tue's low
0.9844 - Mon's low
. USD/CHF - 1.0042 ... The greenback continued its recent winning streak n penetrated key res at 0.9972 (2012 high) at the 1st trading day of 2015 in NY due to dlr's broad-based rally, price rallied abv the 'psychological' res at 1.0000 to 1.0019 at NY close, then briefly but sharply to 1.0165 in AUS today.
. Let's look at the bigger picture 1st, dlr's breach of 0.9972 res (this was the reaction high of the LT upmove fm 2011 record low at 0.7072) confirms aforesaid uptrend has finally resumed n price is en route to 1.0331 this week, being 50% proj. of 0.7072-0.9972 measured fm 0.8698, however, as daily technical indicators may display 'bearish divergences' on such move, reckon 1.0490 (61.8% proj.) wud cap upside in the 1st half of Jan. Therefore, buying dlr on dips for subsequent gain to abovementioned upside targets is recommended n only a daily close below 0.9920 (prev. res, now sup) wud be the 1st signal a temporary top is in place n risk stronger correction twd 0.8799 (Dec 25 low on Reuters).
. Today, as dlr's current price is trading abv the 21-hr & 55-hr emas, buying the buck on dips is favoured n only below 0.9961 wud dampen bullisness, risk possible retracement twd 0.9920.
AceTraderFx Jan 6: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
06 Jan 2015 02:19GMT
USD/JPY- ....... Despite dlr's resumption of yesterday's sell off to an intra-day low of 119.16 in Asian morning due to active risk aversion on the sharp sell off in Nikkei-225 index (currently fell below 17000 level by 416 points to 16995) following the 331 points decline in Dow Jones index, short-covering briefly lifted the pair.
However, renewed selling interest is tipped at 119.45-50 and more at 119.70. On the downside, mixture of bids n stops is located at 119.00.
More on Reuters news, China Dec HSBC services PMI hits 3-month high of 53.4 (previous reading was 53.0).
It reported China's services sector grew at its fastest pace in 3 months in December as new orders remained strong, a private survey showed, an encouraging sign of strength even as manufacturing activity slows and the property market softens.
After a rough 2014, the world's second-largest economy looks set to start the new year on a weak note, reinforcing expectations that Beijing will roll out more stimulus to avert a sharper slowdown which could trigger job losses and debt defaults.
The property slump is expected to last well into 2015, companies will continue to struggle to pay off debt and export demand may remain erratic, leaving only the services sector as the lone bright spot in the economy.
Japan's Markit services PMI for Dec came in at 51.7 vs previous reading of 50.6. Dollar shows muted reaction to the eco. release.
Yesterday, the greenback has finally gained some respite after intra-day sell off to 119.43 in NY morning. The Japanese yen has gained broadly across the board, due partly to risk aversion triggered by the possible exit of Greece from Eurozone. Earlier on, despite a brief rebound from 119.98 to 120.65 in Asia, price tumbled to said low in NY before recovering to 119.62.
Tuesday will see the release of Australia exports, imports, trade balance, Japan service PMI, China services PMI, France consumer confidence, services PMI, Italy services PMI, Germany services PMI, Eurozone service PMI, UK services PMI, Canada producer prices, U.S. durable goods, factory orders, ISM non-manufacturing PMI and services PMI
AceTraderFx Jan 6: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
06 Jan 2015 07:32GMT
USD/JPY- 118.97...... Dlr took centre stage in hectic Asian trading as intra-day sell off in the Nikkei (N225 closed down 3% or 525 points) following o/n sharp fall in the Dow and S&P 500 triggered broad- based yen buying on risk aversion.
Renewed selling in Australia easily pushed the greenback below Monday's low at 119.32 (NY), despite minor short-covering at Tokyo open which lifted price from 119.16 to 119.45, continued weakness in the Nikkei prompted another round of yen buying, dlr's intra-day decline accelerated in post-Tokyo lunch session and knocked price below 119.00, then 118.66 after tripping stops below last week's low of 118.87.
The lack of a rebound suggests there is further mileage to the downside for dlr. offers have been lowered to 119.10/20 and more above with some stops above 119.50.
Some bids are noted at 118.60-50 and more stps are touted below 118.50, suggesting selling the dlr is the way to go.
AceTraderFx Jan 6: Daily Technical Outlook & Trading Ideals on GBP/USD
DAILY GBP/USD TECHNICAL OUTLOOK
Last Update At 06 Jan 2015 00:40GMT
Trend Daily Chart
Down
Daily Indicators
Bullish convergences
21 HR EMA
1.5267
55 HR EMA
1.5345
Trend Hourly Chart
Down
Hourly Indicators
Turning up
13 HR RSI
45
14 HR DMI
-ve
Daily Analysis
Consolidation b4 one more fall
Resistance
1.5386 - Hourly sup (now res)
1.5352 - 38.2% r of 1.5621-1.5185
1.5320 - Y'day Asian high
Support
1.5203 - Y'day's NY morning sup
1.5185 - Y'day's fresh 16-month low (Reuters)
1.5137 - 1.618 times extn of 1.5785-1.5486 fm 1.5621
. GBP/USD - 1.5263... Cable tracked euro's intra-day move closely on Mon. Despite falling sharply below Fri's low of 1.5326 to a fresh 16-month trough at 1.5185 (Reuters) in thin Aust., short-covering lifted pound to 1.5320 in Asia b4 dropping to 1.5203 in NY morning. Cable later recovered to 1.5270 near NY close.
. Looking at the bigger picture, as mentioned previously, cable's break of Dec's 1.5486 to on 1.5326 Fri signals MT downtrend fm 2014 peak at 1.7192 (Jul) has once again resumed n a re-test of said Mon's low wud be seen after consolidation, break wud extend weakness to 1.5137 (1.618 times extension of 1.5785-1.5486 measured fm 1.5621) n then 1.5100. Having said that, as the daily technical indicators wud display 'bullish convergences' on such move, reckon psychological sup at 1.5000 wud hold on 1st testing this week n risk a minor correction later. On the upside, only a daily close abv 1.5486 wud signal a temporary low is made, then retracement to 1.5555 n possibly twd 1.5621 is likely b4 down.
. Today, as 1.5320 has capped rebound fm 1.5185, selling cable on intra-day recovery is recommended. On the upside, only abv 1.5352 (38.2% r of 1.5621-1.5185) risks retracement twd 1.5403 (50% r) but 1.5454 (61.% r) shud hold.
AceTraderFx Jan 7: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
07 Jan 2015 02:20GMT
USD/JPY- ....... Despite yesterday's sell off to as low as 118.04 in New York, the greenback rebounded to 119.15 in Asian morning on short-covering due to the bounce in Nikkei-225 index which turned into +ve territory and rose by 71 points to 16955, however, dlr's upside is likely to be ltd as offers are tipped at 119.30-40.
On the downside, bids are noted at 118.80 n 118.60-50.
Global stock markets tumbled yesterday as crude oil plunged yesterday and is down about 10 percent this year. U.S. stocks dropped after data showed the nation's services industry expanded at the slowest pace in six months. The Institute for Supply Management's non-manufacturing index fell to 56.2, below economists' forecast of 58.
The single currency tumbled to a fresh near 9-year low at 1.1850 (Reuters) in Australian morning due to speculation that European Central Bank President Mario Draghi will begin quantitative easing as early as this month to combat the risk of deflation.
Germany will release its retail sales n unemployment rate at 07:00GMT n 08:55GMT respectively. But most importantly, market players are focusing on the release of eurozone inflation data at 10:00GMT as consumer prices in the euro area probably fell for the first time in more than five years last month as economists expected the prices to drop an annual 0.1 percent in December.
In other news, Bloomberg reported that ECB officials are working on a plan to buy government bonds as they strive to prevent a deflationary spiral of falling prices and households postponing spending and they may use a gathering tomorrow to weigh options for a quantitative-easing program that may be announced at their Jan. 22 policy meeting.
Wednesdaywill see the release of U.K. BRC shop price index, Halifax house price, Germany unemployment rate, Italy unemployment rate, EU inflation, unemployment rate, Canada exports, imports, trade balance, U.S. ADP employment, international trade and FOMC minutes.