Intraday trading signal - page 215
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AceTraderFx Dec 8: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
08 Dec 2015 01:18GMT
USD/JPY- ........ The greenback resumed its recent ascent post the release of Friday's upbeat U.S. jobs report and gained to session high at 123.48 in European morning yesterday, however, broad-based buying of JPY pressured the pair lower to 123.20 at New York midday.
Later, price staged a rebound to 123.40 ahead of Tokyo open before falling again to 123.22 as data showed Japan narrowly avoided a technical recession.
Since there is no major eco. data releases from U.S. today, price is likely to trade with a similar bias today.
Bids are now seen at 123.10/20 and more below at 122.90/00 with stops building up below there whilst initial offers are noted at 123.50/60 and more above at 123.70/80.
Data to be released on Tuesday:
New Zealand manufacturing sales, Japan current account, economy watchers poll, GDP, U.K. retail sales, industrial output, manufacturing output, Australia business conditions, business confidence, China exports, imports, trade balance, France budget balance, exports, imports, trade balance, euro zone's GDP, U.S. business optimism, Redbook, Canada house starts and building permits
AceTraderFx Dec 8: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
08 Dec 2015 02:00GMT
EUR/USD - ....... Although the single currency remained under pressure in Asia yesterday and dropped to session low at 1.0796 at New York open, price pared its losses and rebounded to 1.0860 in New York morning.
However, euro met renewed selling there and retreated to 1.0831 at New York closing before continuing to trade in sideways fashion in Asian morning today.
Pay attention to the release of EU GDP qq and yy at 10:00GMT. Street forecasts are for them to remain unchanged at 0.3% and 1.6% respectively.
Bids are now seen at 1.0820/30 and more below at 1.0800/10 with stops building up below there whilst initial offers are noted at 1.0880/90, suggesting buying on dips is still the favored strategy.
AceTraderFx Dec 8: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 08 Dec 2015 08:16 GMT
USD/JPY - 123.05
Despite the greenback's strong retreat from 123.68 (Wednesday) to 122.30 last Thursday, subsequent rebound on the release of upbeat U.S. jobs report.
It suggests consolidation with upside bias remains and above 123.68 would yield a re-test of November's fresh 12-year peak at 123.77, break would extend towards 124.00/10 before prospect of a much-needed correction due to loss of momentum.
On the downside, only below 122.64 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness towards 122.30.
AceTraderFx Dec 9: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
09 Dec 2015 01:11GMT
USD/JPY - ........ The greenback remained under pressure in Asia yesterday and continued to ratchet lower throughout European session. Price eventually hit session low at 122.72 in New York morning, however, dlr pared its losses and staged a rebound to 123.09 before retreating again.
Later, the pair found renewed buying at 122.84 in Australia and recovered to 123.05 in Tokyo morning as data showed Japan's core machinery orders unexpectedly rose
Pay attention to the release of wholesale inventories and wholesale sales at 15:00GMT. Street forecasts are 0.1% and 0.4% vs. previous readings of 0.5% and 0.5% respectively.
Offers are now seen at 123.10/20 and more above at 123.30/40 with stops building up above there whilst initial bids are noted at 122.50/60, suggesting selling on pullback is the favored strategy.
Data to be released on Wednesday:
Japan machinery order, Australia consumer confidence index, housing finance, China CPI, PPI, Swiss unemployment rate, Germany exports, imports, trade balance, U.S. wholesale inventories, wholesale sales and New Zealand interest rate.
AceTraderFx Dec 9: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
09 Dec 2015 02:01GMT
EUR/USD- ....... The single currency found support at 1.0830 in Asian morning yesterday and gained to 1.0882 in early European morning, then higher to session high at 1.0903 in New York afternoon, helped by cross-buying of euro especially vs sterling.
However, price pared its gains and retreated to 1.0879 in Asian morning today before rebounding again.
Pay attention to the release of Germany exports and imports at 07:00GMT.
Street forecasts are -0.5% n -1.0% vs previousd readings of 2.6% and 3.6% respectively.
Bids are now seen at 1.0880/90 and more below at 1.0860/70 with stops building up below there whilst initial offers are noted at 1.0940/50, suggesting buying on dips is the way to go.
AceTraderFx Dec 9: Intra-Day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views
09 Dec 2015 02:19GMT
GBP/USD- ....... The British pound tumbled from yesterday's European high at 1.5061 to as low as 1.4956 in New York morning, weighed down by the release of downbeat UK industrial data together with active cross-selling of sterling especially vs euro.
However, cable pared its losses =and staged a strong rebound to 1.5017 in Australia, then 1.5024/25 in Asian morning today.
Since there is no major eco. data due from UK today, price is likely to track euro's intra-day movements. Having said that, traders should keep a keen eye on the eur/gbp cross.
Bids are now seen at 1.4990/00 and some more below at 1.4970/80 with stops building up below yesterday's low at 1.4956 whilst initial offers are noted at 1.5040/50, suggesting choppy trading would be seen ahead of European open.
AceTraderFx Dec 9: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 09 Dec 2015 08:26 GMT
USD/JPY - 122.83
Despite the greenback's strong retreat from 123.68 (Wednesday) to 122.30 last Thursday, subsequent rebound on the release of upbeat U.S. jobs report suggests consolidation with upside bias remains and above 123.68 would yield a re-test of November's fresh 12-year peak at 123.77, break would extend towards 124.00/10 before prospect of a much-needed correction due to loss of momentum.
On the downside, only below 122.64 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness towards 122.30.
AceTraderFx Dec 10: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
10 Dec 2015 01:33GMT
USD/JPY- ...... The greenback fell from Asian high at 123.05 to as low as 121.83 on safe haven demand of jpy. Dlr met renewed selling interest at 122.27 in New York morning after the release of downbeat U.S. wholesale inventories sales and tumbled to intra-day low at 121.07 in New York morning.
However, price pared its losses and staged a short-covering rebound to 121.75 ahead of Tokyo open before falling again to 121.28 in Tokyo morning.
Pay attention to the release of U.S. jobless claims at 13:30GMT. Street forecast is for an unchanged figure at 269K.
Offers are now seen at 121.70/80 and more above at 121.90/00 with stops building up above there whilst initial bids are noted at 121.10/20, suggesting choppy trading with near term downside bias would be seen.
Data to be released on Thursday:
New Zealand retail sales, Japan survey index, corporate good price, Australia employment, unemployment rate, France non-farm payroll, CPI, industrial output, inflation ex-tobacco, Swiss interest rate, U.K. housing survey, trade balance, BoE monetary policy decision, U.S. initial jobless claims, export prices, import prices, Federal budget, Canada capacity utilization and new housing price index.
AceTraderFx Dec 10: Intra-Day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
10 Dec 2015 02:09GMT
EUR/USD - ...... The single currency traded with a firm bias in Asia yesterday and continued to ratchet higher in European session and rose to 1.0990 in New York morning.
Renewed buying at 1.0950 pushed the pair higher and euro rose to intra-day high at 1.1044 in New York afternoon, helped by comments from ECB's Nowotny.
Later, price pared its gains and retreated to 1.1010 in Asian morning today on profit-taking.
There is no major eco. data due from the eurozone today except French inflation at 07:30GMT.
Bids are now seen at 1.0990/00 and more below at 1.0970/80 with stops building up above there whilst initial offers are noted at 1.1060/70, suggesting buying on dips for a resumption of recent uptrend is favored.
AceTraderFx Dec 10: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 10 Dec 2015 02:06 GMT
EUR/USD - 1.1017
The single currency's rise above previous high at 1.0981 to 1.1043 yesterday on dollar's broad-based weakness signals upmove from last Thursday's fresh 7-1/2 month trough at 1.0523 has resumed and consolidation with upside bias would be seen for gain towards 1.1070/80.
However, loss of momentum would prevent strong gain above there and reckon resistance at 1.1119 would remain intact and yield retreat.
On the downside, a daily close below support area at 1.0770/80 would suggest 1st leg of correction is over, then risk of a stronger retracement towards 1.0752 50% r) can't be ruled out before prospect of another rise next week.