Intraday trading signal - page 15

 

GBP/USD Market Moving News by AceTrader

GBP/USD - 1.5648.. Despite initial brief blip up to 1.5712 (Australia), cable ratcheted lower in tandem with intra-day weakness in euro. As mentioned earlier, traders are inclined to buy the pound abv last week's 1.5535 low as sterling's renewed cross strength vs euro shud provide sup on the downside. Offers are touted fm 1.5710-30 with stop building abv 1.5760-70.

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Intraday aud/usd trading signal by acetrader.com

INTRADAY TRADING SIGNAL BY ACETRADER.COM :

AUD/USD: 0.8863

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Last Update At 15 Feb 2010 06:47 GMT

Although aud has retreated after initial margi-

nal gain to 0.8890 (AUS), as Friday's rebound fm 0.

8786 suggests the pullback fm 0.8921 has ended, con

solidation with mild upside bias is seen n abv said

res wud extend corrective rise twd 0.8940 b4 down.

For st trade, buy A$ on dips n only below 0.8820

may risk re-test of said Friday's low.

Range Forecast

0.8850 / 0.8880

Resistance/Support

R: 0.8890/0.8921/0.8964

S: 0.8858/0.8835/0.8786

 

Daily Market Outlook by AceTrader

Market Review - 17/02/2010 22:47GMT

Dollar gains on upbeat U.S. data and possible assets sales program

The dollar rose against its major counterparts after housing and manufacturing reports beat forecasts and Federal Reserve minutes showed officials proposed to lower the amount of the central bank's assets.

Euro extended Tuesday's rise and reached intra-day high at 1.3789 in European morning. The single currency fell sharply as traders booked profits from Tuesday's short-squeezing rally after the release of slightly weaker-than-expected Eurozone trade surplus which came in at 4.4 billion euros versus the forecast of 5.0 billion euros with downwardly revised 4.0 billion euros in November and a defence ministry spokesman said 'Germany expects Airbus parent to respond quickly to a package of international support offered by European governments for the A400M military transporter'.

The pair declined further following the release of stronger-than-anticipated U.S. data. U.S. Jan housing starts rose by 2.8% m/m to 591k versus the consensus forecast of 580k from the revised previous reading of -0.7% while building permits dropped by 4.9% m/m to 621k compared to economists' forecast of -5.1% m/m to 620k with the previous reading of 10.90% rise. Euro then picked up more downward momentum in reaction to the news that China business council president said China is expected to resume appreciating yuan this year and a political ally of Germany's Chancellor Angela Merkel said "not a single euro" should go to Greece. The single currency hit intra-day low of 1.3585 in U.S. afternoon after minutes from the Federal Reserve's January meeting showed members saw a need to begin a program of assets sales in the near future and the economic recovery to continue.

Versus the Japanese yen, the greenback rose on signs of a stronger global recovery and expectation the Federal Reserve may begin a program of assets sales in the near future. The pair rallied in U.S. morning after China's news and the release of higher-than-expected U.S. industrial production data which rose by 0.9% versus economists' forecast of 0.7% increase. The dollar reached intra-day high at 91.39 in U.S. afternoon after the release of FED meeting minutes. On other news, Tankan report was released. Tertiary industry index dropped by 0.9% (versus the forecast of -0.2%). Machine tools orders rose by 189.4% from the previous reading of 192.0%.

Sterling rose along with euro and hit intra-day high at 1.5816 against the U.S. currency in European morning. Cable then fell as U.K. jobless claims in Jan. climbed to a 14-year high of 23.5k while unemployment remained at 7.8% and MPC minutes showed policy makers voted 9-0 on a pause in bond-purchase plan. The pair weakened further and reached intra-day low of 1.5667 in U.S. afternoon after the release of better-than-expected U.S. data, China's news and FED meeting minutes.

Economic data to released on Thursday include NAB business confidence, Japan BOJ rate decision, leading indicators, Swiss trade balance zew index, U.K. PSNCR, CBI industrial trend, Canada CPI, CPI core, U.S. jobless claims, PPI, PPI core, leading indicators and Philadelphia Fed survey.

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EUR/USD Intraday signal by AceTrader

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD

EUR/USD: 1.3576

Late Update At 18 Feb 2010 04:28 GMT

Euro has stabilised after extending y'day's sell

off fm 1.3789 to 1.3557 in Asian morning, near term

'loss of momentum' shud keep price abv Friday's low

at 1.3532 n bring recovery but reckon renewed sell-

ing wud emerge at 1.3610/20 n yield decline.

For st trade, buy on dips for 1.3600 n if price

recovers to 1.3600 1st, sell there for 1.3550.

Range Forecast

1.3550 / 1.3590

Resistance/Support

R: 1.3613/1.3634/1.3684

S: 1.3551/1.3532/1.3500

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Support, Resistance and Range forecast by AceTrader

INTRA-DAY USD/JPY:

Last Update At 22 Feb 2010 06:32 GMT

Range Forecast

91.42 / 91.85

Resistance/Support

R: 91.90/92.16/92.43

S: 91.39/91.19/91.05

-------------------------------------------------

INTRA-DAY EUR/USD:

Last Update At 22 Feb 2010 07:15 GMT

Range Forecast

1.3600 / 1.3640

Resistance/Support

R: 1.3655/1.3689/1.3715

S: 1.3602/1.3545/1.3514

-------------------------------------------------

INTRA-DAY USD/CHF:

Last Update At 22 Feb 2010 06:39 GMT

Range Forecast

1.0740 / 1.0775

Resistance/Support

R: 1.0798/1.0819/1.0864

S: 1.0737/1.0717/1.0684

-------------------------------------------------

INTRA-DAY GBP/USD:

Last Update At 22 Feb 2010 07:23 GMT

Range Forecast

1.5435 / 1.5470

Resistance/Support

R: 1.5497/1.5510/1.5535

S: 1.5430/1.5409/1.5382

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GBP/USD Daily Market Outlook by AceTrader

INTRA-DAY GBP/USD: 1.4906

Last Update At 02 Mar 2010 04:20 GMT

Cable's intra-day weakness suggests caution on

our prospect of a rebound, abv 1.4945/50 wud signal

pullback fm 1.5016 (NY) has ended n yield another

bounce to 1.4970 but reckon 1.5016 wud remain

intact in Asia n bring further choppy trading.

Hold long with stop as indicated but below sup

at 1.4881 needed to extend weakness twd 1.4851.

Range Forecast

1.4900 / 1.4930

Resistance/Support

R: 1.4948/1.5000/1.5016

S: 1.4881/1.4851/1.4781

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Daily Market Outlook by AceTrader

Market Review - 02/03/2010 22:50GMT

Euro rebounds from 10-Month low as Greece to set new deficit cuts

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The single currency rebounded strongly from a 9-1/2-month low against the dollar on Tuesday as investors awaited new plans to relief Greece's debt crisis and some types of help from the European Union.

The euro extended Monday's fall and remained under pressure in Asia before tumbling to an intra-day low of 1.3433 in European morning (lowest since May 2009) after Greece's biggest public union called for a 24-hour strike on March 16 to protest expected austerity measures from Athens. However, the single currency rebounded sharply from there after the Greek government stated it will announce new deficit cuts on Wednesday, heating up speculation that a solution to its debt crisis may be approaching its end. The pair rose to an intra-day high of 1.3622 in NY afternoon before stabilizing. Euro closed the day up slightly over 0.3%.

Versus the yen, dollar rebounded briefly to 89.38 in Asia but resumed its recent decline afterwards. The pair picked up more downward momentum in NY on return of risk aversion and tumbled to last month's low of 88.55 in NY afternoon before rebound.

Both RBA and BOC announced their rate decisions on Tuesday. Both acted as expected as RBA lifted rates by 0.25% to 4.00% from 3.75% while BOC kept the rate unchanged but signaled possible rate increases in coming months. Australian dollar rose against the greenback in tandem with Canadian dollar, closing the day up over 0.27% and 0.46% respectively.

Data to be released on Wednesday include Australia GDP, Germany PMI service, U.K. PMI service, Nationwide Consumer Confidence, EU PMI service, Retail sales, U.S. ADP employment, ISM non-manufacturing, Beige Book on Wednesday.

 

Daily Market Outlook by AceTrader

Market Review - 03/03/2010 22:51GMT

Euro rises again on Greek austerity plans

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The euro surged for a second day on Greek austerity plans while the greenback fell across the broad on Wednesday as global equities and commodities prices rose, boosting investors' risk appetite and spurring demand for currencies tied to growth.

The single currency briefly dipped to 1.3593 in European morning but rebounded sharply from there after Greece announced plans for a further $6.5 billion in pay cuts and tax hikes to reduce its deficit, easing worries about the country's debt crisis. The euro rallied to 1.3736 in NY afternoon, the highest level versus the dollar in two weeks, and then stabilized.

Versus the Japanese yen, the dollar rebounded to 89.00 in European morning before resuming recent decline and tumbling to 88.32 in New York afternoon. On other news, the Federal Reserve's Beige Book said the economy continued to improve modestly despite the recent snowstorms.

Despite brief dip to 1.4976 at European opening, sterling rebounded strongly from there on data that showed Britain's services sector recorded its strongest expansion in more than three year. U.K. CIPS services PMI data which came in at 58.4 in February ( versus economists' forecast of 54.9 ), was well above the reading of 54.9 in January. Cable hit an intra-day high of 1.5131 in NY afternoon before trading sideways.

Data to be released on Thursday include Japan Business capex, Australia Trade balance, Swiss SNB's 2009 Annual Result, EU GDP, U.K. BOE rate decision, ECB rate decision, U.S. Jobless claims, Labour cost, Productivity, Durable goods (rev.), ex. Defense (rev.), ex. Transport (rev.), Factory orders, Pending home sales, Canada Building permits, Ivey PMI.

 

Signal

i saw when signal are given in this forum, Please you people will start again atlease to help we newbies.

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