Intraday trading signal - page 211
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AceTraderFx Nov 23: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 23 Nov 2015 08:36 GMT
USD/JPY - 123.11
Although intra-day breach of Friday's support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise 'later'.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
AceTraderFx Nov 24: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
24 Nov 2015 01:22GMT
USD/JPY- ....... Despite yesterday's rally to 123.26 in Asian session, the greenback pared its gains and retreated to 123.08 in Europe, then lower to session low at 122.78 in New York afternoon before recovering.
Dlr met renewed selling at 122.96 at Tokyo open as Japanese markets resumed trading after yesterday's market holiday and the pair dropped to 122.79 in Tokyo morning.
There is a slew of data coming out of the U.S. today but pay particular attention to the release of GDP and GDP deflator at 13:30GMT. Street forecasts are 2.0% and 1.2% vs previous readings of 1.5% and 1.2% respectively.
Offers are now seen at 123.00/10 and more above at 123.20/30 with stops building up above there whilst initial bids are noted at 122.30/40, suggesting selling on pullback is the favored strategy.
Data to be released on Tuesday:
Germany GDP, Ifo business climate, Ifo current conditions, Ifo expectation, France business climate, Swiss non-farm payroll, U.K. CBI distributive trades, Italy wage inflation, trade balance, U.S. PCE prices, GDP, Redbook, goods trade balance, consumer confidence, Canada Bank of Canada review.
AceTraderFx Nov 24: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
24 Nov 2015 02:00GMT
EUR/USD - ....... Although euro staged a short-covering rebound from Asian low at 1.0601 to 1.0657 in New York morning, price met renewed selling and fell to a fresh 7-month trough at 1.0593 at New York midday.
However, the single currency pared its losses and recovered to 1.0637, then 1.0645 in Asian morning today, helped by cross-buying of euro, especially vs sterling.
Some data worth paying attention to are Germany GDP qq and yy at 07:00GMT.
Street forecasts are for them to remain unchanged at 0.3% and 1.8% respectively.
Later, traders should look at Germany Ifo business climate, current conditions and expectations at 09:00GMT. Market expectations are 108.2, 112.4 and 104.0 Vs previous readings of 108.2, 112.6 and 103.8 respectively.
AceTraderFx Nov 24 Intra-Day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
24 Nov 2015 02:35GMT
GBP/USD - ........ The British pound continued to ratchet lower throughout Asia and fell to 1.05125 in European morning before staging a swift rebound in tandem with euro to 1.5190 in New York morning.
However, cable met renewed selling interest there and dropped again to session low at 1.5110 near New York closing.
Later, price pared its losses and staged a short-covering recovery to 1.5139/40 in Asian morning today.
Since there is no major eco. data due today, price is likely to track euro's intra-day movements. Having said that, one should keep an eye on the eur/gbp cross as well.
Offers are now raised to 1.5140/50 and more above at 1.5160/70 with stops building up above there whilst initial bids are noted at 1.5090/00, suggesting choppy trading would be seen till European open.
AceTraderFx Nov 24: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 24 Nov 2015 08:41 GMT
USD/JPY - 122.55
Despite last week's rally from Monday's low at 122.22 to a fresh 12-week peak at 123.77 on Wednesday, subsequent retreat to 122.62 last Thursday and intra-day breach of this level confirms a temporary top has been made there and consolidation with downside bias would be seen for weakness towards 122.38/40, then to 122.21.
However, loss of momentum should keep price above 121.90/00 and yield recovery.
AceTraderFx Nov 25: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
25 Nov 2015 01:55GMT
USD/JPY - ........ The pair remains under pressure in Asia on renewed broad-based dlr's weakness in Asian morning. Despite staging a recovery from 122.36 to 122.64 in New York morning after upbeat Q3 U.S. GDP, price ratcheted lower on broad-based buying of yen following news of the downing of a Russian Jet by Turkish army near the Syrian border, dlr weakened to session low of 122.31 ahead of New York close before staging at rebound to 122.58 in Australia.
Dlr's intra-day weakness to 122.32 suggests near term downside bias remains, however, reports of bids at 122.25-00 area should contain downside and price should stage a rebound later.
On the upside, offers are noted at 122.55/65 and more above with stops above 123.00.
Pay attention to a slew of U.S. data later today ahead of a holiday-shortened week, this includes weekly jobless claims, core PCE price index, Markit services PMI, new home sales and U. of Michigan consumer confidence.
Data to be released on Wednesday:
Australia's construction work done, Swiss consumption indicator, France consumer confidence, Italy industrial order, industrial sales, retail sales, U.S. mortgage rate, mortgage market index, purchase index, mortgage refinance index, initial jobless claims, build permits, consumption, core PCE prices, durable goods orders, PCE prices, personal consumption, personal income, home price, home sales
AceTraderFx Nov 25: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
25 Nov 2015 02:36GMT
EUR/USD - ...... Euro finally cut its recent losing streak in Tuesday's session.
Price rebounded initially to 1.0645 in Asia and despite a retreat, euro then climbed to 1.0670 in Europe after upbeat German Ifo data. The pair later ratcheted higher to session top of 1.0673 in New York morning before falling back briefly back to 1.0628 following stronger-than-expected U.S/ GDP.
Another bout of buying emerged shortly after Asian open and euro briefly rose to 1.0676. There is talk of a mixture of selling interest and stops above 1.0700 and bids have been raised to 1.0650-40 and more below, so buying euro on dips is favoured.
Some minor EZ data are due out in Europe, these are French consumer confidence, Italy's industrial order and retail sales.
AceTraderFx Nov 25 Intra-Day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
25 Nov 2015 02:32GMT
GBP/USD - ....... Cable finally found respite in active Asian trading after tumbling to a 2-week low of 1.5053 following dovish comments by BoE's Haldane n Governor Carney in European session.
The pound staged a short-covering rebound to 1.5093 in New York afternoon and intra-day rise in euro gave cable another lift in Asia, price rose above 1.5100 to 1.5108, suggesting consolidation with upside bias is in store.
Some bids are noted at 1.5090/80 with stops below 1.5070, more stops are touted below November's bottom at 1.5027. On the upside, offers are reported at 1.5105/10 and more above with stops reported above 1.5160.
U.K. will release BBA mortgage approvals at 09:00GMT. FinMin George Osborne will present spending review and Autumn statement around 12:30GMT.
AceTraderFx Nov 25 Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 25 Nov 2015 01:21 GMT
EUR/USD - 1.0655
Euro finally gained respite on Tuesday and ratcheted higher to 1.0673 in New York session due to broad-based short covering in euro before briefly retreating to 1.0628 following upbeat Q3 U.S. GDP data.
Another day of consolidation is expected after hitting a fresh 7-month bottom at 1.0592 on Monday n as long as 1.0600/10 holds, consolidation with upside bias remains for another corrective rise toward 1.0700/08 before prospect of a decline later this week. But below 1.0592 needed to yield marginal weakness toward projected target at 1.0565/70.
AceTraderFx Nov 25: Daily Technical & Trading Outlook USD/CHF
DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 25 Nov 2015 00:17GMT
Trend Daily Chart
Up
Daily Indicators
Rising
21 HR EMA
1.0170
55 HR EMA
1.0175
Trend Hourly Chart
Near term down
Hourly Indicators
Turning down
13 HR RSI
47
14 HR DMI
-ve
Daily Analysis
Choppy consolidation to continue
Resistance
1.0262 - 50% proj. of 0.9990-1.0226 fm 1.0144
1.0240 - 2015 high (Jan 14)
1.0226 - Y'day's 10-mth top
Support
1.0122 - Last Thur's low
1.0095 - Nov 13 high (now sup)
1.0044 - Last Mon's low
. USD/CHF - 1.0166... Despite hitting a fresh 10-month peak of 1.0226 on Mon, dlr fell due to cross-buying of chf on risk aversion on news of downing of a Russian warplane near Syria, price fell to 1.0144 b4 staging a recovery.
. On the bigger picture, dlr's resumption of early erratic rise fm 0.9072 (May) to 1.0226 on Mon suggests price would re-test 2015 4-year peak at 1.0240 (Jan) after consolidation, abv would bode well for MT uptrend fm Jan's 40-month trough at 0.7360 to head to 1.0317 (100% measurement of 0.9477-0.9958 projected fm 0.9836), then later to 1.0456, this is 50% projection of aforesaid rise fm 0.7360-1.0129 measured fm 0.9072. Current rising daily technical indicators suggest buying dlr again on dips is the way to go n only a daily close below 1.0095 (previous res, now sup) would be the 1st signal temporary top is in place n risk stronger correction to 1.0044 but sup at 0.9990/99 should remain intact.
. Today, as long as 1.0194 holds, consolidation with downside bias remains for aforesaid fall fm 1.0226 to head twd 1.0122 sup as below needed to bring stronger retracement to 1.0089/95 b4 prospect of a rebound. We're selling dlr on recovery for one more fall or buy on such move. Abv 1.0226 wud yield 1.0240.