Intraday trading signal - page 193
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AceTraderFx Sept 11: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time:11 Sep 2015 08:17 GMT
USD/JPY - 120.45
Despite the greenback's retreat to 118.60 last Friday, subsequent strong rebound and spike up to 121.34 today suggests the pullback from 121.74 has possibly ended there and consolidation with upside bias would be seen for gain towards 121.50/60.
However, aforesaid resistance should remain intact on first testing and bring a retreat later today or tomorrow.
On the upside, only above resistance at 120.92 would indicate above mentioned pullback has ended and turn outlook bullish for a re-test of 121.74.
AceTraderFx Sept 14: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 14 Sep 2015 01:29 GMT
EUR/USD - 1.1341
Euro's rally to 1.1350 last Friday and intra-day breach of this level signals the rise from last Thursday's trough at 1.1087 to retrace the decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher. However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.
AceTraderFx Sept 14: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
14 Sep 2015 2:00GMT
GBP/USD - ..... Despite last Friday's sharp fall to 1.5400 in New York morning on cross-selling of sterling vs euro, the British pound recovered to 1.5442 in New York afternoon before stabilising.
Price found renewed buying in New Zealand on BoE's Weale comments and price rose to 1.5459 in Asian morning as the rise in Asian equities improved risk appetite.
Since there is no eco. data due today, price is likely to track euro's intra-day movements closely till European open. Investors would be way of entering any positions ahead of Fed's crucial meeting, commencing on Wednesday.
Bids are now seen at 1.5440/50 and more below at 1.5420/30 with stops building up above there whilst initial offers are noted at 1.5490/00, suggesting buying on dips is the favored strategy.
Data to be released:
Japan Capacity Utilization, industrial output, Tertiary industry index, Switzerland producer/import price, Italy consumer prices, euro zone industrial production on Monday.
Australia RBA meeting minutes, Japan BoJ rate decision, BoJ statement and press conference, France CPI, UK CPI, PPI, RPI, Germany ZEW, euro zone employment, trade balance, U.S. retail sales, NY Fed manufacturing index, Redbook, capacity utilization, industrial output and business inventories on Tuesday.
New Zealand current accounts, Australia Westpac leading index, Japan BoJ monthly economic survey, UK average earnings, claimant count unemployment change, ILO unemployment rate, Eurozone inflation, Switzerland ZEW investor sentiment, U.S. CPI, weekly earnings, NAHB housing market index, net long-term flows on Wednesday.
New Zealand GDP, Japan trade reports, Switzerland 3-month target LIBOR rate, Italy trade balance, UK retail sales, U.S. building permits, current account, housing starts, Philly Fed business index, and Federal funds target rate on Thursday.
China house prices, euro zone current accounts, Canada CPI, and U.S. leading index change on Friday.
AceTraderFx Sept 14: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 14 Sep 2015 08:12 GMT
USD/JPY - 120.15
Despite the greenback's retreat to 118.60 last Friday, subsequent strong rebound and spike up to 121.34 last Thursday suggests the pullback from 121.74 has possibly ended there and consolidation with upside bias would be seen for gain towards 121.50/60.
However, aforesaid resistance should remain intact on first testing and bring a retreat later today or tomorrow.
On the upside, only above resistance at 120.92 would indicate above mentioned pullback has ended and turn outlook bullish for a re-test of 121.74.
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AceTraderFx Sept 14: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
14 Sep 2015 09:14GMT
EUR/USD - ...... Although euro gained support after European open and rose above Asian high of 1.1359 to 1.1373, lack of follow-through buying prompted profit taking and price retreated to 1.1330/31, despite release of better-than-expected euro zone industrial production.
Eurostat said on Monday that euro zone industrial production rose to a seasonally adjusted 0.6% in July, from -0.3% in the preceding month whose figure was revised up from -0.4%.
At present, offers are noted at 1.1340-50 and more at 1.1365/70 with mixture of offers and stops at 1.1390-00.
On the downside, bids are reported at 1.1310-00 and then around 1.1280 with stops just below 1.1260.
AceTraderFx Sept 15: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 15 Sep 2015 01:40 GMT
EUR/USD - 1.1310
Euro's rally to 1.1350 last Friday and intra-day breach of this level signals the rise from last Thursday's trough at 1.1087 to retrace the decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1360/65, then marginally higher.
However, loss of momentum would prevent strong rise above there and reckon resistance at 1.1401 would hold and yield a much-needed correction later.
On the downside, only below 1.1229 (previous resistance, now support) would indicate a temporary top has been made and yield stronger weakness towards 1.1172.
AceTraderFx Sept 15: Intra-Day News and Views (GBP/USD) & data to be released today
Intra-day Market Moving News and Views
15 Sep 2015 03:00GMT
GBP/USD - ....... Despite yesterday's selloff in tandem with euro from European high at 1.5471 to as low as 1.5373 in New York morning, the British pound pared its losses and staged a strong rebound to 1.5434.
Price has met renewed selling at 1.5432 at Asian open and continues to remain under pressure in Asian morning.
UK is set to release a slew of inflation related data at 08:30GMT. Headline figures CPI mm and yy are expected to come in at 0.2% and 0.0% vs previous readings of -0.2% and 0.1% respectively.
Offers are now seen at 1.5440/50 and more above at 1.5460/70 with stops building up above last week's high at 1.5476.
Initial bids are noted at 1.5370/80, suggesting one should look to sell on intra-day recovery.
Data to be released on Tuesday:
Australia RBA meeting minutes, Japan BoJ rate decision, BoJ statement and press conference, France CPI, UK CPI, PPI, RPI, Germany ZEW, euro zone employment, trade balance, U.S. retail sales, NY Fed manufacturing index, Redbook, capacity utilization, industrial output and business inventories.
AceTraderFx Sept 15: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
15 Sep 2015 03:11GMT
USD/JPY - ......BOJ cuts assessment of overseas economies, exports and output, more on the comments:
- Japan economy continues to recover moderately but exports, output affected by slowdown in emerging economies
- overseas economies continue to grow at moderate pace, mainly for advanced economies, despite slowdown in emerging economies
BOJ will keep monetary policy steady, pledges to increase monetary base at annual pace of 80 trillion yen.
BOJ's policy decision was made by 8-1 vote, with board member Kiuchi votes against policy decision.
It had proposed tapering annual JGB purchases to 45 trillion yen, which was turned down by majority vote and also had proposed keeping asset buying, zero rates for as long as needed under flexible price target, which was also turned down by 8-1 vote.
AceTraderFx Sept 15: Intra-day Market Moving News and Views (USD/JPY)
Intra-day Market Moving News and Views
15 Sep 2015 03:13GMT
USD/JPY - continue from earlier updates on BOJ, GOV Kuroda comments:
- Japan's economy continues moderate recovery although exports, industrial output are affected by slowdown in emerging economies
- industrial output will turn to moderate growth as inventory adjustment takes place
- inflation expectations appear to be rising on the whole from long-term perspective
- Japan economy to continue moderate recovery
- CPI likely to reach 2% around first half of fiscal 2016 but timing could change depending on oil prices
- BOJ will examine both upside, downside risks to economy and prices, and adjust policy as appropriate
- Chinese economy will follow stable growth path ahead due to authorities' monetary, fiscal policies
- expect emerging economies to recover due partly to growth in developed nations
- at G20 meeting, countries committed to steps needed to keep economic growth on track
- will continue to closely watch financial markets moves and global economic outlook
- leading indicators of CAPEX are rising, companies have aggressive investment plans
- want to monitor concerns that slowdown in emerging markets could hurt CAPEX
- Japan wholesale prices are not falling across the board but commodities are pushing down some prices
- think emerging economies are less concerned about U.S. Fed rate hike triggering capital flight
- weak yen isn't always guarnateed to push up consumer price