Intraday trading signal - page 243
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AceTraderFx Mar 30: Intra-Day Market Moving News and Views (EUR/USD)
Intra-Day Market Moving News and Views
30 Mar 2016 03:25GMT
EUR/USD - ...... The single currency rebounded after meeting renewed buying interest at 1.1169 in Europe on Tuesday and then later rallied to as high as 1.1303 in New York afternoon as Fed's chair Janet Yellen dragged down the U.S. dollar by strongly emphasizing that the Federal Reserve should proceed cautiously in normalizing its current monetary policy cycle.
Later, euro eased to 1.1283 before moving sideways.
Today, investors should pay attention to the release of a slew of economic reports from euro zone in European session, these include business climate, economic sentiment, industrial sentiment, service sentiment, and consumer confidence.
In addition, Germany will release its inflation data for March at 12:00GMT.
At the moment, bids are noted at 1.1270-60 and then in the region of 1.1250-1.1230 with stops below 1.1220.
On the upside, offers are reported at 1.1310-20 and more around 1.1330 with stops just above 1.1340.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Mar 30: Intra-Day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views
30 Mar 2016 04:03GMT
GBP/USD - ...... The British pound tracked euro's intra-day swing closely on Tuesday. Despite a retreat to 1.4195 in European morning, price ratcheted higher to 1.4308 in New York morning after Bank of England Financial Policy Committee said in a statement of its March 23 meeting that they're ready to support financial stability as they warned of the threats stemming from the U.K.'s referendum on its membership in the European Union, then rallied to 1.4404 in New York afternoon on dovish remarks from Fed's chairman Yellen.
In the absence of U.K. economic events on Wednesday, the British pound is expected to track euro's intra-day swings closely again today.
At present, bids are noted at 1.4360-50 and then 1.4340-30 with stops at 1.4320, whilst on the upside, offers are reported at 1.4410-20 and around 1.4430 with stops above 1.4450.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Mar 30: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 30 Mar 2016 08:16 GMT
USD/JPY - 112.11
Despite dollar's initial rise to 113.80 in European morning yesterday, subsequent intra-day selloff to 112.61 in New York afternoon on dovish remarks from Fed's Yellen and today's breach of this support confirms upmove from March's 16-month trough at 110.67 has made a temporary top there, consolidation with downside bias remains for stronger retracement to 111.87 (61.8%) but near term o/sold condition should keep price well above support at 111.38 today, yield rebound later.
On the upside, only above 112.81 would confirm 1st leg of correction over and bring gain to 113.15/24 but resistance at 113.46 should remain intact.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Mar 31: Intra-Day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views (GBP/USD)
31 Mar 2016 00:30GM
A survey by Reuters showed on Thursday that British consumers remain their least confident in more than a year as they worry about the country's European Union referendum and the euro zone's unresolved economic problems.
Market research firm GfK said its overall consumer sentiment indicator stood at zero in March, unchanged from February and its joint lowest level since December 2014. Overall the survey showed consumers were less willing to spend on big-ticket items than in February.
Britain's consumers have been the key driver of the country's economic recovery over the past three years.
Joe Staton, head of market dynamics at GfK, said that despite good economic headlines about low inflation, interest rates and prices in the shops, concerns about Brexit and the ongoing euro zone crisis appear to be hitting home.
Optimism among consumers about the economy over the next 12 months was 18 points lower than in March 2015 at -12.
Chancellor of the Exchequer George Osborne has warned repeatedly that the country faces a "dangerous mixture" of risks from the world economy.
Economists say the government's decision to hold the EU referendum is another, home-grown, risk which is likely to hurt confidence in the run-up to the vote on June 23.
If voters decide to leave the bloc, Britain will probably suffer a hit to growth, at least in the short term, most economists say.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Mar 31: Intra-Day Market Moving News & Views & data to be released today (USD/JPY)
Intra-Day Market Moving News and Views
31 Mar 2016 02:19GMT
USD/JPY - ..... Although dlr retreated after yesterday's intra-day rebound from 112.02 (Europe) to 112.68 in New York morning, price jumped from 112.24 to 112.66 in Tokyo morning as intra-day rise in Nikkei increased risk appetite and triggered broad-based selling in yen.
In Asian session, we will see the release of Japan's construction orders and housing starts at 05:00GMT.
In addition, investors should pay attention to the headlines as BoJ's Governor Kuroda may deliver speech during his appearance in Japanese parliament (04:00GMT).
At present, offers are noted at 112.70-80 and then 111.90-00 with stops above there, whilst bids are noted at 112.30-20 and more around 112.10 with stops below 112.00, suggesting choppy sideways trading would be seen ahead of European open.
Data to be released on Thursday:
New Zealand business confidence, Australia new home sales, Japan construction orders, housing start, Germany retail sales, unemployment rate, unemployment change, France consumer spending, producer prices, CPI, U.K. GDP, current account, mortgage approvals, Italy CPI, producer prices, Eurozone inflation, U.S. initial jobless claims, Chicago PMI and Canada GDP.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Mar 31: Intra-Day Market Moving News and Views (EUR/USD)
Intra-Day Market Moving News and Views
31 Mar 2016 03:31GMT
EUR/USD - ....... Although euro continued to strengthen against the greenback and rose above previous March's peak at 1.1343 to 1.1365 in New York morning after data showed German annual inflation turned positive in March, profit-taking emerged there and knocked price down to 1.1315.
Later, price rebounded to 1.1349 and then edged lower again in Asian morning.
Today, investors should pay attention to the release of Germany's retail sales and unemployment reports at 06:00GMT and 07:55GMT respectively.
At present, bids are reported at 1.1310-00 and in the region of 1.1290-70 with stops below 1.1260.
On the upside offers are noted at 1.1340-50 n then around 1.1360 with stops above 1.1380.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Mar 31: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 31 Mar 2016 05:04 GMT
EUR/USD - 1.1328
Euro's rally to as high as 1.1303 in New York afternoon on Tuesday due to dovish remarks from Fed's chair Yellen, then yesterday's breach of previous March's peak at 1.1343 to 1.1365 suggests a re-test of 2016 peak at 1.1377 (Feb) would be forthcoming soon.
However, above there is needed to bring resumption of erratic upmove from January's bottom at 1.0523 towards 1.1450/60 later.
On the downside, a daily close below support at 1.1283 would indicate a temporary top has been made and yield retracement towards 1.1245/55 before prospect of a rebound.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
wrong posting
AceTraderFx Mar 31: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 31 Mar 201609:21 GMT
USD/JPY - 112.43
Dollar's early selloff from Tue's 113.80 high on the back of dovish comments by Fed Chair Yellen to 1.02 yesterday confirms upmove from March's 6-month trough at 110.67 has ended there and choppy consolidation with downside bias is seen ahead of Fri's key U.S. jobs data.
Expect 12.70/80 to cap intra-day recovery and yield weakness towards 111.87 (61.8% r of 110.67-13.80), however, loss of momentum should keep price above 111.37.
On the upside, only above 113.15/24 res area dampens present bearish scenario but reckon 13.80 should remain intact.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates