Intraday trading signal - page 194
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AceTraderFx Sept 15: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 15 Sep 2015 08:34 GMT
USD/JPY - 119.61
The greenback's intra-day strong retreat suggests the recovery from September's low at 118.60 has ended at 121.35 last week and consolidation with downside bias would be seen ahead of this week's Federal Reserve rate decision.
Below 118.86 would confirm this view and yield re-test of 118.60, break extends erratic decline from August's peak at 121.74 to 118.20/22 before prospect of a rebound due to loss of momentum.
On the upside, only above 120.65 would revive bullishness for gain towards 121.35, above would yield further headway to 121.50/60 but resistance at 121.74 would remain intact.
AceTraderFx Sept 16: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 16 Sep 2015 01:26 GMT
EUR/USD - 1.1350
Euro's rally to 1.1350 last Friday and then 1.1373 on Monday 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 16: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
16 Sep 2015 01:06GMT
USD/JPY - ..... In total stark contrast to yesterday's initial weakness in Asia, dlr maintains a firm undertone in early Wednesday's trading.
Despite Tuesday's intra-day weakness in Asia and then selloff to 119.40 in Europe following BoJ Governor Kuroda's upbeat forecast of the Japanese economy at post-BoJ rate meeting press conference, short-covering lifted the pair and dlr later rallied in New York as an upward revision in the U.S. retail sales sent U.S. bond yields and the Dow higher, price climbed back to as high as 120.49.
Looks like said yesterday's 119.40 low would hold until Thursday's FOMC announcement and dlr may well ratchet higher from here after initial consolidation.
Bids are noted at 120.20-00 area and more below with stops reported at 119.80.
On the upside, offers are tipped at 120.55/65 and more above with stops above 120.85, however, more selling interest is reported at 121.00
Data to be released on Wednesday:
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, labour cost, Switzerland ZEW investor sentiment, U.S. CPI, weekly earnings, NAHB housing market index, net long-term flows.
AceTraderFx Sept 16: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 16 Sep 2015 08:44 GMT
USD/JPY - 120.30
The greenback's strong retreat on Tuesday suggests the recovery from September's low at 118.60 has ended at 121.35 last week and consolidation with downside bias would be seen ahead of this week's Federal Reserve rate decision. Below 118.86 would confirm this view and yield re-test of 118.60, break extends erratic decline from August's peak at 121.74 to 118.20/22 before prospect of a rebound due to loss of momentum.
On the upside, only above 120.65 would revive bullishness for gain towards 121.35, above would yield further headway to 121.50/60 but resistance at 121.74 would remain intact.
AceTraderFx Sept 17: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
17 Sep 2015 01:39GMT
USD/JPY - ..... The greenback pares yesterday's cross-inspired gain from 120.11 (Europe) to 120.73 in New York despite tame U.S. inflation data as broad- based rise in global equities boosted risk appetite even market is nearly evenly split whether the Fed will start its rate hike cycle at its closely watched FOMC policy meeting later today.
Despite initial firmness at Tokyo open, selling emerged at 120.67 and knocked price to 120.43, suggesting consolidation below Wednesday's 120.73 high would continue.
Offers are tipped at 120.65/75 and more above with stops above 120.85. However, more selling interest is reported at 121.00/10.
Initial bids are noted at 120.40/30 with stops touted below 120.10.
Data to be released on Thursday:
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.
AceTraderFx Sept 17: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 17 Sep 201502:23 GMT
EUR/USD - 1.1315
Euro's rally to 1.1350 last Friday and then 1.1373 on Monday 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 17: Intra-day Market Moving News and Views (USD/CHF)
Intra-day Market Moving News and Views
17 Sep 2015 07:33GMT
USD/CHF- .......SNB Comments:
- target range of 3-month LIBOR unchanged at -1.25% to -0.25%
- the Swiss Franc is still significantly overvalued, despite a slight depreciation
the negative interest rates in Switzerland and the SNB willingness to intervene as required in the foreign exchange market make investments in Swiss Francs less attractive;
- global economic recovery to continue
- global economic recovery is fraught with risks
- uncertainty regarding economic developments in China has increased perceptibly
- the agreement of a new bailout programme for Greece has soothed concerns over an escalation of the sovereign debt crisis for the time being
- renewed turbulence in the international financial markets could have a major impact on global monetary policy
- despite the fact that output remained stable overall following the appreciation of the Swiss Franc in the first half of the year, the situation remains challenging for many companies
- companies are under pressure to raise efficiency and reduce costs
- expects economic activity to pick up gradually in the second half of the year
- domestic demand is likely to further support the economy
- if the international environment continues to improve and the overvaluation of the Swiss Franc eases, exports should once again make a greater contribution to economic growth
AceTraderFx Sept 17: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 17 Sep 2015 08:18 GMT
USD/JPY - 120.92
Despite the greenback's sharp retreat on Tuesday to 119.40, subsequent strong rebound suggests further choppy trading above September's trough at 118.60 would continue ahead of today's Federal Reserve rate decision with mild upside bias and gain towards 121.34 is likely to be seen.
A breach of said level would indicate aforesaid upmove has resumed and yield towards 121.70/74 before prospect of a correction early next week.
On the downside, only below 119.40 would indicate the recovery from 118.60 has ended instead and turn outlook bearish for weakness towards 118.10/20.
AceTraderFx Sept 18: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 18 Sep 2015 01:13 GMT
EUR/USD - 1.1408
The single currency's rally above Monday's high at 1.1373 to as high as 1.1441 on dollar's broad-based weakness after the Federal Reserve refrained from hiking its interest rates suggests recent erratic uptrend from 1.1087 to retrace decline from August's peak at 1.1715 remains in progress and consolidation with upside bias would be seen for gain towards 1.1470/80, however, loss of momentum should keep price below 1.1531 and yield a correction.
On the downside, only a daily close below 1.1275 would confirm a temporary top has been made and yield stronger pullback towards 1.1220/30.
AceTraderFx Sept 18: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
18 Sep 2015 01:30GMT
USD/JPY - ..... Although dlr gained temporary respite in Australian morning after o/n tumble from intra-day 120.99 high to 119.80 as unchanged Fed's rate decision and its downgrade of its long-term outlook on U.S. economy led to broad-based selloff in the greenback.
Price resumed yesterday's descent at Tokyo open as weakness in the Nikkei triggered buying of yen on risk aversion, price dropped to 119.66 but later spiked to 120.42 (not quite sure the reason for this ferocious move) before retreating.
Looks like 119.66-120.42 may well be the range for now and gyrations inside there is envisaged until European open. As no major U.S. eco. data are due out on Friday, dlr is expected to ratchet lower later today in post-FOMC blues.
Data to be released on Friday:
China house prices, euro zone current accounts, Canada CPI, and U.S. leading index change.