Intraday trading signal - page 168
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AceTraderFx Jun 15: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
15 Jun 2015 00:01GMT
EUR/USD - 1.1220
Although Friday's rally from 1.1151 to as high as 1.1297 (NY) signals 1st leg of correction from Wednesday's 3-week peak at 1.1387 has ended, intra-day gap-down open to 1.1208/09 in NZ on breakdown in Greek talk suggests downside bias remains.
Exit long as below 1.1181 would risk re-test of 1.1151.
Only above 1.1270 yields 1.1297, above, 1.1332.
AceTraderFx Jun 15: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
15 Jun 2015 02:30GMT
USD/JPY - ..... Despite initial brief drop to 123.12 at NZ open caused by sell off in eur/yen cross, as eur/usd's renewed weakness in Asia has resulted in broad-based rebound in the greenback following Friday's decline. Price has ratcheted higher to 123.56, suggesting choppy sideways trading with upside bias is in store.
Bids are noted at 123.20-00 area with stops touted below there, on the upside, some offers are tipped at 132.70/80 and more above with stops reported at 124.00.
Intra-day dlr's broad-based strength suggests buying the pair on dips is therefore favoured.
This week will see the release of U.K. Rightmove house price, Swiss retail sales, U.S. New York Fed manufacturing, Canada’s manufacturing sales, U.S. industrial production, capacity utilization, NAHB housing market index, foreign treasury buy, net long-term flows and overall net capital flows on Monday.
Australian RBA meeting minutes, Germany’s CPI and HICP, U.K. CPI, PPI, RPI and DCLG house price index, ZEW economic sentiment, Eurozone employment change, U.S. building permits, housing starts and Redbook on Tuesday.
New Zealand’s current account, Japan’s exports, imports and trade balance, Australia’s Westpac leading index, U.K. claimant count and ILO unemployment rate, BOE MOC vote outcome, Eurozone inflation, Swiss ZEW investor sentiment, Canada’s wholesale trade, FOMC rate decision and policy statement on Wednesday.
New Zealand’s GDP, BOE quarterly bulletin, Japan’s tankan, China’s house prices, Swiss trade and target LIBOR rate, U.K. retail sales, Eurozone labour costs and ECB’s targeted LTRO, U.S. initial jobless claims, core CPI, current account, leading index and Philly Fed business index and Capex index on Thursday.
BOJ monetary policy statement, Japan’s all industry activity and leading economic index, Germany’s producer prices, Eurozone current account and net investment flow, U.K. PSNCR, Canada’s CPI and retail sales on Friday.
AceTraderFx Jun 15: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
5 Jun 2015 09:00GMT
EUR/USD - ..... Despite initial gap-down open in NZ today around 1.1225 vs Friday's close around 1.1264 to an intra-day low of 1.1189 at European open.
Euro shrugged off weekend's bearish report of a collapse in Sunday's Greek debt talk and climbed back to where it left off to 1.1261 due to broad-based short-covering in euro.
The intra-day roller-coaster move means damn if you sell (in early Europe) and damn if you buy (on present pullback) as price continues to swing wildly.
Looks like some layers of bids are placed at 1.1200-1.1190 and offers tipped at 1.1260/70 with stops reported above Fri's high at 1.1297.
As price is currently trading near the middle of intra-day range, best to stand aside for the time being.
AceTraderFx Jun 16: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 16 Jun 2015 01:00 GMT
EUR/USD - 1.1273
Euro's strong rebound from 1.1189 to 1.1295 on Monday suggests consolidation with upside bias remains and above resistance at 1.1297 would signal correction from last Wednesday's fresh 3-week peak at 1.1387 has ended earlier at 1.1151 on Friday, yield further gain to 1.1332 and then 1.1387 later this week.
On the downside, only a move back below 1.1151 would abort this mildly bullish scenario and risk stronger retracement of up move from May's bottom at 1.0819 towards 1.1115 before prospect of a rebound.
AceTraderFx Jun 16: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
16 Jun 2015 02:49GMT
GBP/USD- ..... Cable tracked euro's intra-day swing closely on Mon but intra-day's rally extended more compared to other European ccys. The British pound rose to a fresh 3-week high of 1.5614 vs the USD in NY afternoon due to active cross-buying in sterling vs yen (gbp/jpy rose to a fresh 6-year peak a t 192.66 on Mon) and then retreated to 1.5587 at Asian open on Tuesday before rebounding.
Today's focus for the British pound is on the release of UK's CPI, PPI, RPI and DCGL house price index at 08:30GMT.
Market expects the UK's inflation in May to be 0.2% m/m adn 0.1% y/y compare to previous readings of 0.2% and -0.1% respectively.
At present, bids are noted at 1.5590-80 and around 1.5570 with stops below 1.5550, whilst offers are reported at 1.5620/25, 1.5645/50 and then 1.5670-80 with stops building just above 1.5700.
Tuesday will see the release of Australian RBA meeting minutes, Germany's CPI and HICP, U.K. CPI, PPI, RPI and DCLG house price index, ZEW economic sentiment, Eurozone employment change, U.S. building permits, housing starts and Redbook.
AceTraderFx Jun 16: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
16 Jun 2015 07:39GMT
EUR/USD - ..... Although euro moved sideways below Monday's high of 1.1295 in Asia and then briefly dipped to 1.1260 at European open after reports showed German inflation for May were in line with expectations.
Renewed cross-buying in the single currency quickly emerged there and lifted price above 1.1300 to a fresh session high of 1.1330 before retreating due to profit-taking.
Investors are now awaiting the release of German ZEW reports, and euro zone employment change at 09:00GMT.
AceTraderFx Jun 16: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 16 Jun 2015 08:17 GMT
USD/JPY - 123.53
Although dollar's rebound from 123.12 on Monday and then intra-day brief rally to 123.80 in Asia following comments from BoJ's governor Kuroda signals further choppy trading above last Wednesday's 2-week trough at 122.47 would continue and with mild upside bias.
Break of 124.19 (reaction high from 122.47) needed to signal decline from June's near 13-year peak at 125.86 is still being retraced and extend gain towards 124.57/62.
Below 123.12 would indicate aforesaid correction over instead and bring re-test of 122.47, break would extend weakness towards 121.90/00 later.
AceTraderFx Jun 16: Daily Technical Outlook & Trading GBP/USD
DAILY GBP/USD TECHNICAL OUTLOOK
Last Update At 16 Jun 2015 00:34GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
1.5569
55 HR EMA
1.5539
Trend Hourly Chart
Up
Hourly Indicators
Bearish divergences
13 HR RSI
63
14 HR DMI
+ve
Daily Analysis
Consolidation with upside bias
Resistance
1.5700 - May 21 high
1.5636 - May 22 hourly sup (now res)
1.5614 - Y'day's high
Support
1.5542 - Hourly chart
1.5488 - Y'day's low
1.5467 - Last Fri's low
. GBP/USD - 1.5593.. Although the British pound ratcheted lower in Asia in tandem with euro on Mon n then dropped to intra-day low of 1.5488 in Europe due to cross-selling in sterling. Cable then rallied in tandem with eur/usd on active short-covering n climbed to a 3-week peak of 1.5614 in NY.
. On the bigger picture, cable's recent strg upmove fm Jun's trough at 1.5170 to as high as 1.5614 y'day confirms early correction fm May's 5-month peak at 1.5815 has ended there n consolidation with upside bias remains for further headway twd pivotal res at 1.5700 this week, a daily close abv there would bode well for the pound to re-test 1.5815 later this month. Therefore, buy ing cable on dips this week is recommended but profit shud be taken on subsequent headway twd 1.5700. On the downside, failure to penetrate 1.5700 res n a daily close below 1.5421 sup wud confirm aforesaid upmove fm 1.5170 has indeed formed a top there, then risk wud shift wud shift to the downside for weakness to 1.5370 n possibly twd 1.5257.
. Today, buying cable on dips is cautiously favoured but 'bearish divergences' on hourly indicators shud cap price at 1.5700. Below 1.5542 risks 1.5488.
AceTraderFx Jun 17: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 17 Jun 2015 01:07 GMT
EUR/USD - 1.1247
Despite euro's brief rise to 1.1330 on Tuesday due to short-covering, subsequent intra-day sell off to 1.1204 suggests further choppy trading below last Wednesday's 3-week peak at 1.1387 would continue and with mild downside bias, below 1.1204 would extend weakness to 1.1175/80 but support at 1.1151 may hold today.
On the upside, above 1.1295/97 would prolong sideways trading and may bring another bounce to 1.1320/30.
AceTraderFx Jun 17: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
17 Jun 201502:21GMT
USD/JPY- ..... Dlr erased its early intra-day gains on Tuesday and briefly dipped to 123.29 in NY morning after the release of mixed U.S. housing data.
Price later moved sideways for rest of the session as well as in Tokyo morning on Wednesday as investors are keeping their powder dry ahead of the release of important FOMC monetary policy statements later today (18:00GMT) and Fed chief Janet Yellen's press conference 30 mins afterwards.
The U.S. Federal Reserve is widely expected to leave its benchmark federal funds rate unchanged. But market participants will sit through the statement and Yellen's comments for clues about when and how the Fed will start hiking the rate, which has been set at a range of 0.00-0.25% since December, 2008, in the throes of the financial crisis.
Although dlr has briefly edged higher to 123.46 at Asian open, the pair is expected to gyrate inside 123.00-124.00 ahead the NY open.
At the moment, bids are reported at 123.20-10 and around 123.00 with mixture of bids and stops at 122.80-70.
On the upside, offers are tipped at 123.50-60 and more around 123.80 with stops building just above 124.00.
On Tuesday, Office for National Statistics (ONS) said the rate of CPI rose to a seasonally adjusted 0.1% in May, from -0.1% in April. Month-over-month, CPI increased 0.2% last month, in line with expectation and after a 0.2% increase in April. In separate reports, ONS showed that U.K. PPI input fell unexpectedly to a seasonally adjusted -0.9%, from 1.4% in the preceding month whose figure was revised up from 0.4%, while U.K. RPI rose less-than-expected to a seasonally adjusted 1.0%, from 0.9% in the preceding quarter.