Intraday trading signal - page 188
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AceTraderFx Aug 24: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
24 Aug 2015 08:55GMT
USD/JPY - ...... The greenback has finally staged a recovery after intra-day sell-off to a fresh 3-month trough at 120.25 in European morning as continued stock market rout has triggered active buying of yen risk aversion.
Expect sideways trading is likely to be seen ahead of NY open. There will be no economic events or data from the U.S. in NY morning but market participants should pay attention to the speech from Fed's Lockhart later today at 19:55GMT.
Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on "Pensions and Economy" before the 2015 Public Pension Funding Forum co-hosted by the National Conference On Public Employee Retirement Systems on Monday.
At the moment, offers are noted at 120.70-80 and more above with mixture of offers and stops just above 121.00.
On the downside, bids are now seen at 120.30-20 and more below around 120.00 with stops building up below 119.80.
AceTraderFx Aug 25: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
25 Aug 2015 01:30GMT
USD/JPY -..... Japanese officials are publicly expressing their 'dismal' on recent sudden yen's strength especially Monday's spectacular gain by the Yen to a 7-month high vs the dollar at 116.15.
Reuters reported Japan's top government spokesman said on Tuesday that recent movements in financial markets have been rough and that the country will continue to cooperate with G7 financial authorities and take steps if needed.
Chief Cabinet Secretary Yoshihide Suga also told a news conference that the government will continue to closely monitor market moves.
He repeated that Japan's economy continues its gradual recovery as corporate earnings are at record highs and as the job market and wages are improving.
Japanese Finance Minister Taro Aso warned market players against pushing up the Yen too much further, saying that its spike against the dollar overnight was "rough" and undesirable for the economy.
Data to be released on Tuesday:
New Zealand inflation expectations, Germany GDP, Ifo reports, UK BBA mortgage approvals, U.S. monthly home price, Redbook, Markit service PMI, consumer confidence, and new home sales.
wrong posting
AceTraderFx Aug 25: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 25 Aug 2015 02:30 GMT
EUR/USD- 1.1528
Despite euro's rally to as high as a fresh 7-month peak at 1.1715 yesterday on dollar's broad-based sell-off due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1499 (previous resistance, now support), then 1.1420 later this week.
However, near term loss of momentum would keep price above 1.1377 and yield a much-needed rebound.
On the upside, only above 1.1622 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.
AceTraderFx Aug 25: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
25 Aug 2015 03:16GMT
EUR/USD - ...... In total stark contrast to yesterday's biddish undertone in Asia and European morning, the single currency remains under pressure on Tuesday.
Price met renewed selling interest near 1.1600 ahead of Asian open and ratcheted lower to intra-day low of 1.1525, the lack of a recovery ahead of Asian lunch session suggests downside bias remains, some stops below 1.1500 are reported, suggesting yesterday's high print (a 7-month peak) at 1.1715 is here to stay in next few days.
Offers are tipped at 1.1580/00 area n more at 1.1620/30, a mixture of bids n stops is noted at 1.1520/00 area.
At 06:00GMT, Germany will release its Q2 GDP data followed later at 08:00GMT the important Ifo sentiment index. Pay attention to Aug business climate, street forecast is looking for a reading of 107.7 vs previous reading of 108.0, a lower-than-expected (most likely to be the case) would pressure the euro, so selling the single ccy for short-term trade is favoured.
AceTraderFx Aug 25: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
25 Aug 2015 07:18GMT
EUR/USD - ......Despite edging lower to 1.1525 in Asian morning on profit-taking, the single currency rebounded to 1.1578 at European open as European futures pointed to a rebound in stocks after yesterday's rout.
Euro showed muted reaction to the release of in-line German GDP figures and investor focus is now on the release of German Ifo data at 08:00GMT.
Bids are now seen at 1.1520/30 and more below at 1.1490/00 with stops building up below there whilst initial offers are noted at 1.1610/20, suggesting mild upside bias remains.
AceTraderFx Aug 25: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 25 Aug 201508:08 GMT
USD/JPY - 119.63
Despite the greenback's spike down to a fresh 7-month trough at 116.17 yesterday on the global rout in stock markets due to growth concerns in China.
Subsequent strong rebound to 120.11 today suggests a temporary low has been made there and consolidation with upside bias would be seen for a stronger retracement towards 120.40/42.
However, near term loss of momentum would keep price below 121.28 and bring another fall later this week.
On the downside, only below 118.25 would indicate aforesaid correction has ended and turn outlook bearish for a resumption of recent downtrend from June's high at 125.86 for a re-test of 116.17.
AceTraderFx Aug 26: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
26 Aug 2015 01:00GMT
USD/JPY- ..... Although price is currently trading roughly where it was 24 hours ago, the pair went through a roller-coaster session on Tuesday.
Despite intra-day 'knee-jerk rise to 120.40 shortly after European midday following news of rate cuts by PBOC, dlr was unable to hold on to intra-day gain and even through global stocks rallied on the move by the China central bank.
Dlr later tumbled to 118.60 near NY close as U.S. completely initial gain and fell (Dow closed down 204 points after initial 400-plus gain).
Dlr's intra-day rebound from 118.45 after Nikkei managed to stay in positive territory suggests consolidation is in store in Asia.
Initial bids are noted at 118.60-40 and more below with stops below 118.20, then 118.00.
On the upside, some offers are tipped at 119.40/50 and more above with some stops touted above 120.00.
Data to be released on Wednesday:
New Zealand trade balance, UK nationwide house prices, CBI distributive trades, and U.S. durable goods orders. Reserve Bank of Australia Governor Glenn Stevens will speak at the National Reform Summit, hosted by The Australian and the Australian Financial Review.
AceTraderFx Aug 26: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time:26 Aug 201501:25 GMT
EUR/USD - 1.1510
Despite euro's rally to as high as a fresh 7-month peak at 1.1715 on Monday on dollar's broad-based selloff due to the near 600 points fall in Dow Jones Index, subsequent strong retreat suggests a temporary top has been made and consolidation with downside bias would be seen for a stronger retracement towards 1.1348, then 1.1307 later this week.
However, near term loss of momentum would keep price above 1.1377 and yield a much-needed rebound.
On the upside, only above 1.1622 would indicate aforesaid pullback has ended and turn outlook bullish for a re-test of said top, break would extend gain towards 1.1750/54.
AceTraderFx Aug 26: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
26 Aug 2015 06:00GMT
GBP/USD- ..... The British pound gained some respite after yesterday's selloff from 1.5820 to 1.5694 in NY afternoon and edged up to 1.5720 in Asian morning today.
However, renewed selling interest there pressured the pair back down to 1.5686 in early European morning and continues to remain under pressure.
Since there is no important eco. data due from UK today, price is likely to track euro's intra-day movements closely. Having said that one should keep a keen eye on the eur/gbp cross.
Offers are now seen at 1.5690/00 and more above at 1.5720/30 with stops building up above there whilst initial bids are noted at 1.5650/60, suggesting choppy trading is envisaged.