Intraday trading signal - page 169
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AceTraderFx Jun 17: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
17 Jun 2015 07:32GMT
EUR/USD - ...... Although euro rebounded after intra-day retreat from Asian high of 1.1266 to 1.1242 in European morning and then climbed marginally higher to 1.1278, active selling in eur/chf cross (rumours of safe-haven flows into franc) checked intra-day gain there so far and price retreated to 1.1255.
Investors are now awaiting for the release of euro zone's inflation data at 09:00GMT.
At present, bids are touted at 1.1240-30 and around 1.1220 with stops building below 1.1200.
On the upside, offers from various accounts are placed at 1.1270-80, then 1.1295/00 with stops just above 1.1300.
AceTraderFx Jun 17: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 17 Jun 2015 08:10 GMT
USD/JPY - 123.66
Although dollar's rebound from 123.12 on Monday and then rally briefly to 123.81 on Tuesday following comments from BoJ's governor Kuroda suggests 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 is over instead and bring re-test of 122.47, break would extend weakness towards 121.90/00 later.
AceTraderFx Jun 18: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 18 Jun 2015 01:26 GMT
EUR/USD - 1.1355
Despite euro's brief sell off to 1.1206 following the release of Fed's unchanged rate decision, renewed broad-based weakness in the greenback lifted price from there.
Euro later rallied to 1.1358 due to dovish remarks from Fed's Chair Yellen, suggesting a re-test of last Wednesday's 3-week peak at 1.1387 would be seen and break would yield resumption of up move from May's bottom at 1.0819 towards the key resistance at 1.1467 (May's 3-month peak) later.
On the downside, only a daily close below 1.1300 would indicate further choppy trading inside 1.1387-1.1151 broad range would continue and may yield another fall towards 1.1204-06.
AceTraderFx Jun 18: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
18 Jun 2015 02:29GMT
USD/JPY - 123.30... Although dlr extended early intra-day rally from 123.36 (Asia) to as high as 124.46 after release of Fed's unchanged rate decision in NY afternoon on Wednesday, price swiftly tumbled to 123.60 and then to session low of 123.10 due to dovish remarks by Fed chair Yellen at the post-FOMC press conference before stabilising.
Later, dlr climbed to 123.60 ahead of Asian open on Thursday and then retreated to 123.19 in part due to cross-buying in yen vs other major ccys.
Although dlr's renewed weakness in Asian morning suggests consolidation with mild downside bias would be seen ahead of European open and selling dlr on intra-day recovery is recommended, sharp fall below 123.10 is not likely to be seen as short-covering may emerge ahead of the release of important U.S. inflation reports in NY morning.
Street forecast is for monthly CPI to increase to 0.5% in May from 0.1% in previous month, whilst core CPI to drop slightly to 0.2% from previous reading of 0.3%.
In addition, investors should pay attention to the latest weekly jobless claims, U.S. leading index n Philly Fed Business Index.
At present, offers are reported at 123.40-50 n then 123.65/70 with mixture of offers and stops at 123.90-00.
On the downside, bids are noted at 123.10-00 and more below with a mixture of more buying interest and stops near 122.70-80.
Thursday will see the release of 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.
AceTraderFx Jun 18: Intra-day Market Moving News and Views (USD/CHF)
Intra-day Market Moving News and Views
18 Jun 2015 08:00GMT
USD/CHF - ...... Dlr recovered after a brief fall below Asian fresh 4-week trough at 0.9195 to 0.9191 in European morning after SNB announced to keep interest rate unchanged at -0.25% in Jun n its following comments from SNB, he maitains its LIBOR rate at -0.25% n says, quote:
'new conditional inflation forecast does not differ greatly fm the one we presented in Mar;
forecast continued to indicate that inflation will move back into positive territory at the beginning of 2017;
global economy is expected to gather pace again, reinforced by expansionary monetary policy around the world n ongoing low oil prices;
uncertainty about the future development of the global economy remains high;
various risks - first n foremost the difficult financial situation in Greece n geopolitical tensions - cud jeopardise the recovery;
upturn in demand for Swiss products will cushion the impact of the exchange rate shock somewhat.'
'central bank does not expect sustained price decline or deflationary spiral;
Swiss franc very unlikely to remain persistently high;
Franc continues to serve as safe haven in light of uncertainty surrounding Greece;
Switzerland must accept challenging economic conditions for now.'
AceTraderFx Jun 18: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 18 Jun 2015 08:05 GMT
USD/JPY - 122.83
Dollar's intra-day sell off below 123.10 (post FOMC-low) signals correction from last Wednesday's 2-week trough at 122.47 has ended yesterday at 124.46 and consolidation with downside bias remains, break would signal erratic decline from June's near 13-year peak at 125.86 has resumed and extend weakness towards 122.05 (March's top) later.
Above 123.60 would prolong choppy trading but resistance at 124.46 should remain intact.
AceTraderFx Jun 19: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
19 Jun 2015 02:11GMT
USD/JPY - 122.95... Despite a brief sell off to 122.48 in NY morning after release of softer-than-expected U.S. inflation data, short-covering lifted price.
Dlr later pared some of its early losses and climbed back above 123.00 level to 123.17 due to release of upbeat Philly Fed Business Index together with rise in U.S. and European stock markets.
Today's focus for the greenback in Asia is on the announcement of BoJ monetary policy statement. The central bank is widely expected to make no change to its extremely accommodative monetary stance in its upcoming statement even as inflation runs at close to nothing, with recent comments from BoJ Governor Haruhiko Kuroda dashing expectations of near-term easing. A press conference will follow the release of the statement.
At the moment, cross-related bids are noted at 122.80-122.70 and then 122.55/50 with buying interest from various accounts located at 122.30-10 region, whilst offers are reported at 123.10-20 and more at 123.40-50 with stops building above 123.60.
Friday will see the release of 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.
AceTraderFx Jun 19: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 19 Jun 2015 02:07 GMT
EUR/USD - 1.1375
Euro's rally to 1.1440 yesterday suggests upside bias remains for a re-test of May's 3-month peak at 1.1467 where a break would confirm mid-term upmove from March's near 12-year trough at 1.0457 has 'finally' resumed and extend gain towards 1.1534 later this month.
On the downside, only a daily close below 1.1290/00 would indicate further choppy trading inside 1.1467-1.0819 broad range would continue and may yield another fall towards 1.1204-06.
AceTraderFx Jun 19: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
19 Jun 2015 07:30GMT
USD/JPY - 123.00... Although dlr briefly climbed from Asian low at 122.83 to 123.22 ahead of European open after release of unchanged BoJ's monetary policy, active cross-buying in yen, especially vs euro, knocked price down in European morning n price retreated below 123.00 level again to 122.93 before moving sideways.
As investors have showed muted reaction to the 'no surprise' press conference from BoJ's governor Kuroda, further choppy sideways trading around 123.00 level is likely to be seen ahead of NY open.
Having said that, market participants should pay attention to yen's intra-day swing vs other major ccys as fund flow should dominate the market in subdued European trading.
At present, cross-related bids are touted at 122.80-122.70 and then 122.55/50 with buying interest from various accounts located at 122.30-10 region, whilst offers are reported at 123.40-50 with stops building above 123.60.
AceTraderFx Jun 22: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
22 Jun 2015 01:46GMT
USD/JPY - .... The pair is trading near the lower level of its 1-1/2 week trading range of 122.47-124.46.
Although price briefly popped higher to 123.08 at NZ open due to initial sharp rise in eur/yen (due to a gap-up open in eur/usd), sellers quickly emerged and bot yen broadly, the pair fell to 122.56 in Tokyo open.
Looks like aforesaid range trading would continue as reported bids at 122.50-40 area are expected to contain downside and price may edge back to 122.90/00 later.
However, offers tipped at 123.00/20 area should cap subsequent bounce.
The only U.S. eco. data due out later today is existing home sales, unless reading is much stronger than expectation (May's figure is expected to come in at 5.25 mln vs 5.04 mln previously), dlr is likely to remain under pressure due to near term decline in U.S. treasury yields.
This week will see the release of New Zealand's Westpac consumer survey, Japan's BoJ monthly economic survey, U.S. national activity index, existing home sales and eurozone consumer confidence on Monday.
Australia's CB leading index and home price index, China's HSBC manufacturing PMI, Germany's and eurozone Markit manufacturing PMI and services PMI respectively, U.K. inflation report hearing and CBI trends, U.S. durable goods, Redbook, monthly home price and new home sales on Tuesday.
Japan's BoJ meeting minutes and CSPI, Canada's leading economic index, Swiss UBS consumption indicator, Germany's Ifo business climate, U.K. BBA mortgage approvals and financial stability report, U.S. GDP, price index, PCE and building permits on Wednesday.
Germany GfK consumer sentiment, U.K. CBI distributive trades, U.S. core PCE, personal consumption, KC Fed manufacturing on Thursday.
New Zealand's exports, imports and trade balance, Japan's all household spending, CPI and unemployment rate on Friday.