Intraday trading signal - page 229
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
AceTraderFx Feb 1: Intra-Day Market Moving News and Views- GBP/USD
Intra-Day Market Moving News and Views
01 Feb 2016 04:02GMT
GBP/USD - ...... Despite last Fri's sharp selloff to as low as 1.4149, the British pound pared its losses and rebounded strongly to 1.4259 before easing.
However, price found renewed buying at 1.4229 ahead of Asian open and rose in tandem with euro to 1.4264 in Asian morning on dlr's broad-based weakness.
UK will release its manufacturing PMI at 09:30GMT. Street forecast is 51.8 vs previous reading of 51.9.
A surprise to the upside will paint a healthy picture about the country's economy and send cable higher.
Offers are now raised to 1.4270/80 and more above at 1.4290/00 with stops building up above there whilst initial bids are noted at 1.4220/30, suggesting selling on pullback is favored.
AceTraderFx Feb 1: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 01 Feb 2016 08:15 GMT
USD/JPY - 121.11
The greenback's over 2% jump to a fresh 1-month peak at 121.42 after Bank of Japan announced negative interest rates on Friday suggests recent erratic upmove remains in progress and consolidation with upside bias would be seen for gain towards 121.70/80, however, over bought condition would prevent steep gain above there and risk would increase for a much-needed correction early next week.
On the downside, only below support at 119.60 would confirm a temporary top has been made and risk stronger retracement towards 119.10/20.
AceTraderFx Feb 2: Intra-Day News and Views (USD/JPY) & data to be released today
Intra-Day Market Moving News and Views
02 Feb 2016 02:02GMT
USD/JPY - ...... Although the greenback dropped to session low at 120.67 in NY, weighed down by release of poor U.S. ISM manufacturing PMI, price rebounded to 121.17 in New York afternoon.
However, renewed selling there pressured the pair lower and dlr retreated to 120.82 ahead of Tokyo open and continues to remain under pressure in Tokyo morning as Nikkei-225 trades lower in early trade.
Since there is no major eco. data due today, traders are likely to continue trading based on their reaction to BoJ's surprise negative rate announcement.
Bids are now lowered to 120.70/80 and more below at 120.50/60 with stops building up below there whilst initial offers are noted at 121.40/50, suggesting buying on dips for a resumption of recent uptrend is still favored.
Data to be released on Tuesday:
Australia interest rate decision, Swiss retail sales, Germany unemployment rate, unemployment change, Italy unemployment rate, Euro zone unemployment rate, producer price index, U.S. Redbook and ISM New York index.
AceTraderFx Feb 2: Intra-Day Market Moving News and Views- EUR/USD
Intra-Day Market Moving News and Views
02 Feb 2016 03:41GMT
EUR/USD - ...... The single currency traded with a firm bias in Asia and Europe yesterday n rose to session high at 1.0913 in New York morning, helped by dlr's weakness due to release of poor U.S. eco. data.
Despite a brief retreat to 1.0875 at New York midday, euro rebounded to 1.0906 in New York afternoon and continues to trade with a firm bias in Asian morning due to cross-buying in eur/gbp.
Pay attention to the release of Germany unemployment change and rate at 08:55GMT. Street forecast for unemployment change is -7K vs previous reading of -14K, whilst unemployment rate is expected to remain unchanged at 6.3%.
Bids are now raised to 1.0870/80 and more below at 1.0840/50 with stops building up below there whilst initial offers are noted at 1.0940/50, suggesting choppy trading with upside bias would be seen.
AceTraderFx Feb 2: Intra-Day Market Moving News and Views- GBP/USD
Intra-Day Market Moving News and Views
02 Feb 2016 04:01GMT
GBP/USD - ....... The British pound is taking a breather after yesterday's surge from 1.4243 to as high as 1.4444, helped by the release of upbeat UK manufacturing PMI together with renewed optimism over EU/UK talks to keep the country in the EU.
Cable found renewed buying at 1.4418 in Australia and gained to 1.4435 in Asian morning and continues to trade with a firm bias.
Pay attention to the release of UK construction PMI at 09:30GMT. Street forecast is for a slight decrease to 57.6 from previous reading of 57.8.
Bids are now seen at 1.4400/10 and more below at 1.4380/90 with stops building up below there whilst initial offers are noted at 1.4460/70, suggesting buying on dips for a resumption of recent uptrend is the way to go.
AceTraderFx Feb 2: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 02 Feb 201604:11 GMT
EUR/USD - 1.0900
Despite the single currency's selloff from last Thursday's high at 1.0968 to 1.0810 on Friday, subsequent rebound suggests further choppy trading inside recently established range of 1.0985-1.0776 would continue with mild upside bias and marginal gain from here is likely, however, indicated upper level should remain intact and bring another retreat later today.
On the downside, only below 1.0810 would revive beari
AceTraderFx Feb 2: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 02 Feb 2016 08:14 GMT
USD/JPY - 120.73
The greenback's over 2% jump to a fresh 1-month peak at 121.42, then gain to 121.70 after Bank of Japan announced negative interest rates on Friday suggests recent erratic upmove remains in progress and consolidation with upside bias would be seen for gain towards 122.10/20.
However, over bought condition would prevent steep gain above there and risk would increase for a much-needed correction early next week.
On the downside, only below support at 119.60 would confirm a temporary top has been made and risk stronger retracement towards 119.10/20.
AceTraderFx Feb 3: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
03 Feb 2016 01:20GMT
USD/JPY - ..... The greenback met renewed selling at 120.86 in Europe yesterday and tumbled to 119.84 near New York closing on risk-averse buying of yen due to the drop in oil prices n selloff in U.S. stocks.
Dlr has continued to remain under pressure and dropped further to 119.49 in Tokyo morning due to the selloff in Nikkei-225 index (currently down).
Just earlier BOJ released its minutes, Reuters reported Bank of Japan policymakers debated the feasibility of adopting supplementary steps for their massive stimulus programme, though they agreed that the broad price trend was improving steadily, minutes of their December rate review showed on Wednesday.
"The members agreed that there was no need to adjust monetary policy now as underlying trend inflation was improving steadily," according to the minutes of the Dec. 17-18 meeting.
A few of them said that fine-tuning the BOJ's "quantitative and qualitative easing" (QQE) would allow the central bank to swiftly ease if needed, the minutes showed.
At the December meeting, the BOJ adopted several steps to fine-tune QQE such as extending the average duration of government bonds it purchases. At a subsequent meeting in January, the BOJ stunned markets by deploying negative interest rates while maintaining QQE.
AceTraderFx Feb 3: Intra-Day Market Moving News and Views- EUR/USD
Intra-Day Market Moving News and Views
03 Feb 2016 02:48GMT
EUR/USD- .... The single currency traded with a firm bias in Asia yesterday and gained in Europe, hitting session high at 1.0940 in New York morning, later, euro pared its gains and retreated sharply to 1.0892.
However, renewed buying there checked losses and price rebounded to 1.0936 in Asian morning today, helped by cross-buying in eur/gbp.
EU will release a slew of services PMIs but pay particular attention to Germany's n EZ's. Street forecasts are for them to remain unchanged at 55.4 and 53.6 respectively.
Bids are now seen at 1.0900/10 and more below at 1.0880/90 with stops building up below there whilst initial offers are noted at 1.0960/70, suggesting choppy trading with mild upside bias would be seen.
AceTraderFx Feb 3: Intra-Day Market Moving News and Views- GBP/USD
Intra-Day Market Moving News and Views
03 Feb 2016 04:07GMT
GBP/USD - ...... Despite initial sharp fall to 1.4327 in European morning on release of poor UK construction PMI data, the British pound pared its losses and rallied to session high at 1.4447 ahead of New York open on renewed optimism surrounding UK in EU talks.
However, lack of follow-through buying triggered profit-taking and price retreated to 1.4362 in New York morning before rebounding again. Cable found renewed support at 1.4391 at Asian open and continues to trade with a firm bias.
Pay attention to the release of UK services PMI at 09:30GMT. Street forecast is 55.3 vs previous reading of 55.5.
Offers are now seen at 1.4430/40 with stops building up above there whilst initial bids are noted 1.4380/90, suggesting choppy sideways trading would be seen ahead of European open.