Intraday trading signal - page 246
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AceTraderFx Apr 8: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 08 Apr 2016 09:08 GMT
USD/JPY - 108.99
Despite dollar's selloff to a fresh 17-month trough at 107.67 in New York morning yesterday, subsequent rebound to 108.46, then 109.10 in European morning today signals MT downtrend has made a temporary low there and consolidation with upside bias would be seen.
However, reckon 109.50/60 would limit upside and yield another selloff later today or early next week.
On the downside, below 108.07 support would confirm correction over and bring re-test of 107.67, break would extend weakness towards 107.10/20.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 11: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
11 Apr 2016 01:03GMT
USD/JPY - ...... Although dlr recovered ahead of Asian open on Monday after extending selloff from Friday's high of 109.10 to 107.83 at New Zealand open, intra-day decline in Nikkei (currently down 224.50 to 15,597) triggered another wave of buying in yen for risk aversion and pressured price lower again to 107.87 in Tokyo morning before moving sideways.
Today, focus in Asian session will be on the speech from Bank of Japan Governor Haruhiko Kuroda who will deliver speech at annual meeting of trust banks at 06:15GMT.
Later, despite the absence of economic reports from U.S., Federal Reserve Bank of Dallas President Robert Kaplan will participate in a moderated question-and-answer session before a community forum hosted by the Federal Reserve Bank of Dallas at 17:00GMT.
At present, offers are reported at 108.10-20 and then 108.30-40 with mixture of offers and stops in the region of 108.60-80.
On the downside, bids are noted ahead of last Thursday's fresh 17-mohth trough at 107.67 with stops below there.
However, buying interest from various accounts are tipped further out in the region of 107.40-20.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time
AceTraderFx Apr 11: Intra-Day Market Moving News and Views (EUR/USD)
Intra-Day Market Moving News and Views
11 Apr 2016 02:02GMT
EUR/USD - ...... The single currency extended Fri's intra-day erratic upmove from 1.1349 at Monday's New Zealand open and briefly breach of 1.1419 (New York) to 1.1420 before easing to 1.1395 shortly after Asian open.
Although eur/usd pair may yield marginal gain in Asia after consolidation, subdued market condition due to the absence of economic events from euro zone today and recent weakness in euro's crosses suggests further choppy trading below last Thursday's 5-1/2 month peak at 1.1454 would continue and therefore, trading euro in anticipation for another fall towards 1.1338 (reaction low from 1.1454) is recommended.
At present, offers are reported at 1.1420-30 an more at 1.1440-50 with stops abv 1.1460, whilst bids are noted at 1.1380-70 n then 1.1360-50 with stops below 1.1340.
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 Apr 11: Intra-Day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views
11 Apr 2016 04:03GMT
GBP/USD - ...... The British pound swung widely on Fri as despite staging a strong rebound from 1.4041 to a session high of 1.4142 in Europe, price swiftly retreated to 1.4050 and then climbed back above 1.4100 level to 1.4134 in New York morning, then 1.4135 in New York afternoon.
Cable's intra-day cross-inspired retreat from 1.4129 (AUS) suggests directionless move inside near term range of 1.4005-1.4172 established last Wednesday would continue.
At present, bids are reported at reported at 1.4090-80 and then 1.4070-60 with stops below 1.4050.
Whilst on the upside, offers are noted at 1.4130-40 and more at 1.4150-60 with stops above 1.4170.
Data to be released next week:
Japan machinery orders, China producer price index, consumer price index and Italy industrial output on Monday.
Australia business confidence, business conditions, Japan machine tool orders, Germany CPI, Harmonised index of consumer prices, U.K. retail sales, CPI, retail price index, producer price index, house price index, U.S. export price index, import price index and Redbook index on Tuesday.
Japan corporate good price, Australia consumer confidence, China exports, imports, trade balance, France CPI, Eurozone industrial production, U.K. CB leading economic index, U.S. mortgage application, producer price index, retail sales, business inventories and Canada rate decision on Wednesday.
New Zealand manufacturing PMI, Australia inflation expectation, unemployment rate, employment, full time employment, participation rate, Swiss producer and import prices, Italy CPI, Eurozone CPI, U.K. RICS housing survey, interest rate decision, QE total, MPC vote, U.S. initial jobless claims, CPI and Canada new housing price index on Thursday.
China retail sales, industrial production, GDP, Japan industrial production, capacity utilization, Germany wholesale price index, Italy trade balance, Eurozone trade balance, Canada manufacturing sales, U.S. NY Empire State manufacturing index, industrial production, capacity utilization, the Reuters/University of Michigan consumer sentiment index, net long-term TIC flows and total net TIC flows on Friday.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 11: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 11 Apr 2016 09:14 GMT
USD/JPY - 108.16
Despite dollar's selloff to a fresh 17-month trough at 107.63 in Asian morning today, subsequent rebound in European morning suggests MT downtrend has made a temporary low there and consolidation would be seen, however, reckon 109.10 would cap upside and yield another selloff later this week.
On the downside, below 107.63 yield further weakness towards 107.20/30 before correction occurs due to loss of momentum.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time
AceTraderFx Apr 12: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
12 Apr 201602:00GMT
USD/JPY - ...... Although the greenback retreated after yesterday's intra-day rebound from a fresh 17-month trough at 107.63 (Asia) to 108.44 in New York morning, renewed buying emerged at 107.79 n price later staged a bounce to 108.13 in New York afternoon, then 108.27 in Tokyo morning on Tuesday as intra-day rise in Nikkei (currently up 104 points to 15,855) improved risk appetites.
Today, U.S. will release its Import Prices n Export Prices for March in New York morning. Having said that, focus of the market will be on the speeches from several Fed's officials later in New York session, they are Philadelphia Fed President Patrick Harker (13:00GMT), San Francisco Fed President John Williams (19:00GMT), and Richmond Fed President Jeffrey Lacker (20:00GMT).
At the moment, offers are noted at 108.30-40 and more at 108.60-70 with stops above 108.90.
On the downside, initial bids are tipped at 107.90-80 and then 107.70-60 with stops below there.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Apr 12: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK
Update Time: 12 Apr 2016 05:00GMT
EUR/USD - 1.1410
Euro's rebound after last Thursday's intra-day strong retreat from a fresh 5-1/2 month peak at 1.1454 to 1.1338 suggests mild upside bias remains for MT uptrend to resume after consolidation.
However, 'loss of momentum' should prevent strong gain above said high and reckon price would falter well below 1.1495 (2015 Oct 15 high) and yield correction later.
On the downside, only below 1.1338 would confirm a temporary top has been made and bring another leg of correction towards 1.1282/83 and then possibly towards 1.1220/25 before prospect of a rebound.
On the upside, above 1.1454 would yield another upmove to 1.1470/80 but 'loss of momentum' should cap price below and yield correction later.
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 Apr 12: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 12 Apr 2016 08:23 GMT
USD/JPY - 108.18
Despite dollar's selloff to a fresh 17-month trough at 107.63 in Asian session on Monday, subsequent intra-day rebound to 108.44 in New York morning suggests MT downtrend has possibly made a temporary bottom there and a few days of choppy sideways trading would be seen.
However, as long as resistance at 109.10 holds, bearishness remains for another selloff later this week.
On the downside, below 107.63 would yield further weakness towards 107.20/30 before correction occurs due to loss of momentum.
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 Apr 13: Intra-Day Market Moving News and Views (USD/JPY)
Intra-Day Market Moving News and Views
13 Apr 2016 01:18GMT
USD/JPY - ....... The greenback continued to nurse its recent losses against the Japanese yen on Tuesday and rose to 108.79 in New York morning before retreating to 108.44 due to cross-buying in yen versus euro and sterling.
Today, as intra-day rally in Nikkei (currently up 263 points to 16,192) in Tokyo morning has improved risk appetites, suggesting consolidation with mild upside bias would be seen in Asia and early Europe.
However, sharp gain beyond 109.00 level is not likely ahead of the release of important U.S. PPI readings n retail sales reports in New York morning.
At the moment, initial bids are noted at 108.50-40 and more at 108.30-20 with stops below there, whilst offers are reported at 108.90-00 and then 109.10-20 with stops above there.
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 Apr 13: Intra-Day Market Moving News and Views (EUR/USD)
Intra-Day Market Moving News and Views
13 Apr 2016 03:18GMT
EUR/USD - ....... The single currency went through a 'roller-coaster' session on Tuesday as despite an initial rally above last week's top at 1.1454 to a fresh 5-1/2 month peak at 1.1465 in Europe, price tumbled to as low as 1.1346 in New York morning on long-liquidation before staging a recovery to 1.1401.
Euro moved sideways inside a tight range of 1.1372-1.1401 in New York afternoon as well as in early Asian session.
Today in European morning, France will release its latest inflation readings, whilst euro zone will release its industrial production data for Feb. Market expects the industrial production in euro zone to be -0.7% in Feb compare to +2.0% in preceding month.
At the moment, offers are noted at 1.1400-10 and more at 1.1420-30 with stops above 1.1440.
On the downside, bids are reported at 1.1350-40 and then 1.1320-10 with stops below 1.1300.
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