Intraday trading signal - page 219
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AceTraderFx Dec 23: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
23 Dec 2015 01:50GMT
GBP/USD- ...... Sterling is nursing yesterday's steep losses in subdued Asian trading on Wednesday. The pound came under surprise heavy broad-based selling pressure in European morning after data showed U.K. public finances worsened sharply in November (public borrowing climbed to 14.2 bln pounds - 10% higher then in the same month last year), cable later tumbled below last week's 1.4865 low to an 8-month trough of 1.4806 in New York afternoon before stabilising.
As yesterday's selloff started in Europe, unless London traders buy cable later in Europe, selling the pound on intra-day recovery is the way to go as the trend (downtrend) is your friend and cable may well continue its recent losing streak into X'mas.
Pay attention to release of final read of U.K. Q3 GDP as well as trade data, market is looking for a deficit of 21.5 bln pounds vs previous month's reading of 16.76 bln pounds.
Order board is pretty light with some offers noted at 1.4855/65 and a mixture of bids and stops near and below 1.4800.
AceTraderFx Dec 23: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 23 Dec 2015 00:31 GMT
EUR/USD - 1.0951
Euro's intra-day rally above Monday's 1.0939 high in Europe on Monday and later to session highs of 1.0984 in New York after downbeat U.S. data has justified our recent bullish bias as the early rise from last week's low at 1.0802 suggests correction from 1.1060 has ended there and consolidation with mild upside bias remains for subsequent headway towards 1.1013.
Therefore, buying euro on dips is recommended and only below yesterday's low at 1.0903 would dampen bullish scenario, risks weakness to 1.0848/53.
AceTraderFx Dec 24: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
24 Dec 2015 01:03GMT
USD/JPY - ...... Although Japanese financial markets returned from yesterday's holiday, trading today is likely to be lacklustre as many traders have already taken X'mas vacation but intra-day swings may still continue as Tokyo market is open on X'mas day.
Price has eased at Asian open due to renewed dlr's retreat vs its major peer currencies.
However, as yesterday's rebound from New York low at 120.82 suggests sideways move above Tuesday's bottom at 120.72 would continue and with Nikkie is trading high after o/n gain in U.S. stocks, consolidation with upside bias remains.
Bids are reported at 120.80-70 with stops below there, however, more buying interest is touted below there with stops building below last week's 120.35 low.
On the upside, initial offers are tipped at 121.10/20 with stops above 121.30, however, more selling interest is reported at 121.50/60, suggesting broad sideways move are expected to continue.
Pay attention to BoJ Kuroda speech scheduled at 04:00GMT and then U.S. weekly jobless claims later today at 13:30GMT.
Data to be released on Thursday:
Australia leading indicator, Swiss leading indicator, U.K. mortgage approvals and U.S. initial jobless claims
AceTraderFx Dec 28: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
28 Dec 2015 01:00GMT
USD/JPY- ....... Dlr trades above last Friday's 7-week trough of 120.06 in holiday-thinned Asian morning, with NZ & Australia together with many European centres (including U.K.) are still on holiday, sharp moves are unlikely to be seen and order flows may have strg influence on intra-day price swings.
Although dlr showed muted reaction to the release of downbeat Japanese data earlier, sideways move with mild upside bias is seen for a minor recovery.
However, recent decline is expected to resume later today. For now, some offers are noted at 120.40/50 with stops above 120.75, initial bids are touted at 120.10-00 with stop below 119.90.
Reuters just reported Japan's industrial output fell 1.0 percent in November from the previous month, government data showed on Monday, suggesting that sluggish emerging market demand continues to cloud the outlook for the economy.
The fall compared with a median market forecast of a 0.6 percent drop, data from the Ministry of Economy, Trade and Industry showed.
The retail sales also fell 1.0 percent in November from a year earlier, more than a median market forecast for a 0.6 percent decline, government data showed on Monday.
Manufacturers surveyed by the ministry had expected output to rise 0.9 percent in December and increase 6.0 percent in January.
AceTraderFx Dec 28: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
28 Dec 2015 01:15GMT
EUR/USD - ....... The single maintains a steady to firm undertone in subdued Asian morning on Monday, however, last week's rebound from 1.0870 is likely to keep euro bid and intra-day pullback would be met with renewed buying interest.
With many European centres are still closed for Boxing Day holiday, large swings are unlikely to be seen until New York open later today.
For now, initial bids are noted at 1.0940-30 and more below with some stop touted below 1.0900.
Some offers are reported at 1.0975/85 with stops above 1.1000, suggesting buying euro on dips is the way to go.
AceTraderFx Dec 28: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
28 Dec 2015 02:04GMT
GBP/USD - ...... Cable pared last week's gain in holiday-thinned Asian trading, price retreated from Friday's 1.4947 high to 1.4909. Some attributed to intra-day weakness to severe flooding in the U.K. over the X'mas holiday as this may impact the U.K. GDP negatively by wiping off growth rate by approx. 0.2%.
Order book is very thin in subdued Asian session with some offers touted at 1.4940/50 and stops above 1.4950.
Some bids are noted at 1.4910-00 with stops below 1.4880.
U.K. financial markets are closed today, so expect volatile trading to continue for rest of the day.
More on the U.K. flooding which has pressured the pound in Monday's trading. The U.K. Telegraph reported it is "too early" to estimate the cost of the flooding in the North of England, but economists warn that the current crisis could hamper Britain's economic growth by up to 0.2pc.
A spokesman for the Association of British Insurers (ABI) told the Telegraph that there was no way of putting a figure on the cost of the current flooding crisis, which is affecting vast swathes of Northern England, from Hull to Lancashire.
PwC, the accountancy firm, also said that it was "too early to estimate losses" but said that an initial analysis of the economic impact of both Storm Desmond and Storm Eva showed an approximate cost of between £900m and £1.3bn, with the insurance industry bearing between £700m and £1bn of the total.
Britain's insurance industry is more than capable of dealing with the crisis, the ABI claimed.
The trade body, which represents 250 insurers, accounting for over 90pc of the UK insurance market, is calling on all those affected to contacted their providers' emergency hotlines.
AceTraderFx Dec 24: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 28 Dec 2015 01:04 GMT
EUR/USD - 1.0972
Euro's intra-day firmness in holiday-thinned Asian trading Monday suggests re-test of last week's high at 1.0894 (Tuesday) would be forthcoming soon where a break there would signal the correction from December's 6-week peak at 1.1060 has ended earlier at 1.0870 (Wednesday), then further gain towards 1.1013 would follow later today or tomorrow.
On the downside, only below 1.0924 (previous minor res, now sup) would 'prolong' choppy trading and may risk weakness to 1.0903, however, reckon 1.0870 sup should remain intact.
AceTraderFx Dec 29: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-day Market Moving News and Views
29 Dec 2015 02:48GMT
USD/JPY - ...... Dlr trades narrowly but with a soft bias in subdued Tokyo session after yesterday's retreat from European morning high of 120.63 to 120.20 in New York morning due to dlr's broad-based weakness and cross-buying in yen as decline in European & U.S. stocks triggered buying of yen for risk aversion.
Looks like sideways move would continue b4 prospect of a re-test of last Fri's 7-week low at 120.05 would be seen, so selling the pair on recovery is favoured.
Reuters earlier reported mildly 'hawkish' comments by BoJ member. Bank of Japan board member Yukitoshi Funo said the central bank will look at the long-term economic trend in guiding monetary policy and won't expand stimulus automatically in response to short-term dips in prices, according to the Nikkei newspaper.
Funo, a former executive of Toyota Motor Corp who joined the nine-member board in July, also said Japan is on track to meet the central bank's 2 percent inflation target as companies are steadily raising prices of their goods, and that BOJ should look at various information, not just a specific economic or price indicator, in judging whether additional monetary easing was necessary.
Data to be released on Tuesday:
Australia producer price index, Italy business confidence, consumer confidence, U.S. good trade balance, Redbook, CaseShiller and consumer confidence.
AceTraderFx Dec 29: Intra-day Market Moving News and Views (EUR/USD)
Intra-day Market Moving News and Views
29 Dec 2015 03:08GMT
EUR/USD- ...... Euro also moves narrowly in subdued Asian morning after yesterday's retreat from European high of 1.0993 to 1.0958 in New York, suggesting range trading would continue until European open.
Traders touted offers at 1.0990/00, so unless more bids emerge, sideways move would continue and buying interest is tipped at 1.0950-40 with some stops below 1.0920.
The only data due out today in Europe is Italy's business confidence which is unlikely to stir up much excitement. Therefore, euro may well react to release of U.S. data indicated in previous update in New York morning.
Reuters earlier reported that speculators raised bearish bets on the euro, as net shorts were increased after falling the previous week to their lowest in about four weeks. The latest week's net short euro contracts were 161,047, compared with 159,961 the week before.
Net short euro contracts had been steadily declining especially in the wake of a smaller-than-expected stimulus move from the European Central Bank early this month.
For the year, the euro was down 9.4 percent against the dollar through December 22.
AceTraderFx Dec 29: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 29 Dec 2015 03:07 GMT
EUR/USD- 1.0982
Yesterday's brief break of last week's 1.0984 high to 1.0993 suggests euro's correction from Dec's 6-week peak at 1.1060 has ended earlier at 1.0802 and consolidation with upside bias remains for further gain to 1.1013, however, near term loss of momentum should cap price below 1.1060.
On the downside, only below previous sup area at 1.0932/42 would abort present bullish view and may risk weakness to 1.0870 later.