Intraday trading signal - page 30
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GBP/USD Intra-day signal by AceTrader
INTRA-DAY GBP/USD: 1.5585
Last Update At 16 Sep 2010 08:44 GMT
Despite cable's brief but sharp selloff to 1.55
36, subsequent euro-led rebound suggests pullback
fm y'day's high of 1.5652 has possibly ended there
n choppy consolidation wud be seen, however, as
long as 1.5627 holds, another fall is still likely.
Abv 1.5627 wud signal upmove has once again
resumed n yield re-test of said res. Stand aside.
Range Forecast
1.5550 / 1.5600
Resistance/Support
R: 1.5627/1.5652/1.5670
S: 1.5536/1.5500/1.5449
USD/JPY Intra-day signal by Acetrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY
USD/JPY : 85.69
Last Update At 20 Sep 2010 05:54 GMT
Although dlr's intra-day retreat to 85.65 sug-
gests sideways trading below last Friday's high of
85.94 wud continue n minor retrace. twds 85.59 is
is likely, reckon 85.40 shud contain downside n
yield another rise twds 85.94 res.
Buy on dips for gain to 85.90 or sell dlr at
85.90 for 85.60. Only below 85.23 signals top made.
Range Forecast
85.65 / 85.94
Resistance/Support
R: 85.94 / 86.20 / 86.39
S: 85.59 / 85.23 / 85.02
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EUR/USD Intra-day signal by AceTrader
INTRA-DAY EUR/USD OUTLOOK
Last Update At 21 Sep 2010 08:10 GMT
Rate : 1.3116
Despite euro's brief retreat fm 1.3100 to 1.3064
, present rebound suggests choppy trading with nr
term upside bias remains n abv y'day's 1.3122 high
wud extend gain to 1.3135 but break there needed to
retain bullishness for re-test of prev. 1.3160 top.
Raise long entry for this move n only below 1.30
51 wud risk weakness twd 1.3029 (y'day's NY low).
Range Forecast
1.3095 / 1.3120
Resistance/Support
R: 1.3122/1.3136/1.3160
S: 1.3051/1.3020/1.2994
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Daily Market Outlook by AceTrader-22-9-2010
Market Review - 21/09/2010 23:00 GMT
US dollar falls broadly as Fed offers to ease
The greenback dropped against other major currencies on Tuesday, as the statement of U.S. FOMC meeting indicated that U.S. Fed prepared to ease monetary policy if needed to boost the U.S. economy.
The greenback edged lower from 85.77 in Asia on speculation that Japan might be blamed on manipulation of the Japanese yen and dropped to 85.26 in European morning. Later, despite dollar's rebound to 85.66 on talk of good bids by a Scandi buyer, dollar fell again from there and extended its weakness to 84.97 in NY afternoon after the release of the statement of U.S. Fed's FOMC meeting.
The Fed's statement indicated vote on policy was 8-1 with Thomas M. Hoening dissenting. U.S. Fed said it prepared to provide additional accommodation if needed to support economic recovery. The Fed kept rates exceptionally low in 0-0.25 percent range for an extended period of time.
In other news, Chairman of the Japanese Bankers Association, Masayuki Oku, said the new Basel III regulations requiring banks to hold 7% in top quality capital are 'harsh' although Japan's banks have no need now to strengthen their capital further.
The single currency rose from 1.3057 in Asia due partly to cross buying in euro (eur/chf rallied from 1.3116 to 1.3244.) and surged to 1.3149 in European morning in anticipation of good demand at the Irish bond auction. Euro then retreated from there on profit-taking despite solid demand at the Irish debt auction and dipped to 1.3108 after the release of stronger-than-expected U.S. housing starts figure. Later, although fell briefly to 1.3109 after U.S. Fed's rate decision, the pair rebounded strongly on dollar's broad-based weakness and rallied to a 6-week high of 1.3288 in NY afternoon.
Ireland sold 1.5 billion euros of government bonds, showing strong support from investors. Greece also sold 390 million euros of 3-month T-bills while Spain sold 7 billion euros of 12-month and 18-month bills, the top end target it had set.
U.S. housing starts rose by 10.2% to 0.569M in August, much stronger than the downwardly revised reading of a increase of 0.4% in July.
Earlier, ECB Governing Council member Nout Wellink said he would reconsider exit plans if they are afraid of negative impact; he saw no immediate threat of inflation in eurozone, the only threat for inflation would come from commodity prices.'
Although the British pound ratcheted higher to 1.5588 in Asia on short-covering following Monday's selloff from 1.5686 to 1.5536, cable fell briefly but sharply to 1.5503 in European morning on cross selling in sterling versus euro (eur/gbp rallied from 0.8390 to 0.8493/94) before staging a rebound to 1.5570 in NY morning. Later, the British pound rallied from 1.5531 on dollar's broad-based weakness after U.S. Fed's rate decision and climbed to an intra-day high of 1.5645 in NY afternoon.
On data front, U.K. public sector net borrowing rose to a record high of 15.3 billion pound in August, much higher-than-expected of 12.51 billion due to hefty interest payment on gilts.
Economic data to be released on Wednesday include:
New Zealand Current account, Australia Westpac leading economic, Japan All industry index, U.K. BOE meeting minutes, EU Industrial orders, Consumer Confidence, Canada Leading indicators, Retail sales, ex. Autos, U.S. Home Price Index.
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GBP/USD Intra-day signal by AceTrader
INTRA-DAY GBP/USD: 1.5675
Last Update At 22 Sep 2010 05:50 GMT
Cable's firmness after breaking y'day's high of
1.5645 suggest upmove fm 1.5296 has once again re-
sumed n further gain twds 1.5686 res wud be seen,
however, firm break there is needed to confirm pull
back fm 1.5730 has ended at 1.5296, 1.5730 later.
Buy again on dips with stop as indicated n only
below 1.5588 wud risk stronger pullback to 1.5560.
Range Forecast
1.5650 / 1.5686
Resistance/Support
R: 1.5686/1.5730/1.5777
S: 1.5645/1.5603/1.5588
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AUD/USD Intra-day signal by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD
AUD/USD : 0.9550
Last Update At 22 Sep 2010 09:09 GMT
Despite A$'s early fall fm 0.9583, present euro-
led rebound fm 0.9528 suggests correction has ended
n consolidation with upside bias is seen for re-
test of said res, however, break needed to confirm
recent uptrend has resumed n extend gain to 0.9600.
Buy on dips with stop as indicated, below wud
suggest an intra-day high has been formed, 0.9517.
Range Forecast
0.9530 / 0.9570
Resistance/Support
R: 0.9583/0.9600/0.9611
S: 0.9517/0.9495/0.9442
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USD/JPY Intra-day signal by Acetrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY
USD/JPY : 84.75
Last Update At 24 Sep 2010 06:16 GMT
Despite dlr's brief rise to 85.40 on suspected
BOJ's intervention, subsequent retreat suggests
choppy sideways trading wud be seen but as long as
84.68 (prev. res, now sup) holds, upmove fm 84.26
shud resume for re-test of said res, abv, 85.66.
Buy on dips for gain to 85.25 or on break of
85.25 for one more rise to 85.66 with 25 pts stop.
Range Forecast
84.70 / 85.10
Resistance/Support
R: 85.50 / 85.66 / 85.94
S: 84.68 / 84.26 / 84.04
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EUR/USD Intra-day signal by AceTrader
INTRA-DAY EUR/USD OUTLOOK
Last Update At 27 Sep 2010 04:25 GMT
Rate :1.3469
Despite euro's intra-day brief but strg retreatto 1.3446, subsequent
rebound after holding abv 1.3441 (prev. res, now sup) suggests
consolidation with upside bias wud be seen but abv last Friday's
high of 1.3496 needed to extend upmove to 1.3511.
Hold long with stop as indicated, break wud risk stronger
correction to 1.3400/10 b4 up.
Range Forecast
1.3441 / 1.3485
Resistance/Support
R: 1.3496/1.3511/1.3546
S: 1.3441/1.3400/1.3356
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Support, Resistance and Range Forecast by AceTrader
INTRA-DAY USD/JPY:
Last Update At 29 Sep 2010 06:07 GMT
Range Forecast
83.65 / 84.00
Resistance/Support
R: 84.11 / 84.35 / 84.68
S: 83.65 / 83.47 / 82.87
-------------------------
INTRA-DAY EUR/USD:
Last Update At 29 Sep 2010 06:04 GMT
Range Forecast
1.3560 / 1.3596
Resistance/Support
R: 1.3596/1.3654/1.3692
S: 1.3539/1.3495/1.3443
--------------------------
INTRA-DAY USD/CHF:
Last Update At 29 Sep 2010 06:07 GMT
Range Forecast
0.9745 / 0.9775
Resistance/Support
R: 0.9778/0.9813/0.9830
S: 0.9738/0.9703/0.9694
---------------------------
INTRA-DAY GBP/USD:
Last Update At 29 Sep 2010 06:07 GMT
Range Forecast
1.5805 / 1.5847
Resistance/Support
R: 1.5867/1.5896/1.5937
S: 1.5742/1.5718/1.5706
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GBP/USD Intra-day signal by AceTrader
INTRA-DAY GBP/USD: 1.5848
Last Update At 30 Sep 2010 05:51 GMT
Cable's breach of 1.5845 suggests the rebound fm
1.5762 remains in progress n further gain to 1.5875
res cannot be ruled out, however, break is needed
to confirm recent upmove fm 1.5296 has once again
resumed n yield re-test of 1.5896 res.
Wud be prudent to exit short n stand side for
now. Below 1.5782/87 wud signal top made, 1.5762.
Range Forecast
1.5830 / 1.5870
Resistance/Support
R: 1.5875/1.5896/1.5937
S: 1.5762/1.5742/1.5718
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