Intraday trading signal - page 63
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 Oct 23 : Daily outlook on Asian Exotic USD/KRW
DAILY USD/KRW OUTLOOK - 1055.8
23 Oct 2013 02:29GMT
Present breach of Mon's 9-mth low at 1059.8 sig
nams MT decline remains in force n further weakness
to 1054.5, then 1051.0 is envisaged.
Trade fm short side with stop now as indicated n
only abv 1060.1 aborts n risks retrace. to 1066.6.
STRATEGY : Short at 1057.7
POSITION : Short at 1057.7
OBJECTIVE : 1053.0
STOP-LOSS : 1059.0
RES : 1060.1/1066.6/1069.8
SUP : 1056.4/1054.5/1051.0
AceTraderFx Oct 24 : Japanese yen rises broadly on renewed risk aversion
Market Review - 23/10/2013 20:48GMT
Japanese yen rises broadly on renewed risk aversion
The Japanese yen rose broadly against major currencies on renewed risk aversion after short-term borrowing costs for Chinese banks jumped by the most since July.
The greenback met selling interest at 98.19 against the Japanese yen at Tokyo open, price tumbled to 97.26 in Asian session due to the increase in China's seven-day repurchase rate. U.S. dollar further fell to 97.15 in European morning before rebounding to 97.49 in New York morning.
Although the single currency rose marginally above Tuesday's high at 1.3792 to 1.3793 in Asian trading, profit-taking pressured price in Europe and euro weakened to a session low at 1.3741 ahead of New York open. Euro later ratcheted higher to a fresh near 2-year high at 1.3794 in New York afternoon before stabilizing.
The British pound rose above Tuesday's high at 1.6248 to 1.6258 in Asian session, however, selling interest quickly emerged below Oct's near 9-month peak at 1.6260 and cable tumbled in European morning due to active cross selling in sterling. The pound fell to a session low at 1.6119 after the release of minutes from Bank of England in European morning. The minutes stated policy makers were unanimous in rejecting hiking interest rate and keeping their quantitative-easing target at 375 billion pounds. Cable then rebounded to 1.6183 in New York midday.
Bank of England's minutes showed 'probable that unemployment will be lower and output growth faster in H2 2013 than forecast in Aug; bank staff expect H2 GDP growth of 0.7% a quarter or a little higher, recent news suggests robust recovery; risk that U.K. recovery might be less well balanced towards exports than ultimately needed due to global outlook; usually hard to gauge slack in U.K. labour market, MPC has range of views on productivity, too early to draw conclusions; sterling strength may reflect stronger data, lower U.K. financial system risk; will help lower inflation; indicators point to further house price rises, this will boost households' collateral and help growth.'
In the other news, Bank of Japan's governor Kuroda says 'Japan is making steady progress toward meeting 2% inflation goal; expect prices to continue rising as negative output gap narrows energy costs is not the only reason behind gains in Japan CPI.'
On the data front, euro zone consumer confidence in October came in at -14.5, same as expectation. U.S. home price index in August came in at 0.3%, worse than the forecast of 0.8%, previous reading was revised to 0.8%.
Data to be released on Thursday :
New Zealand Trade balance, exports, imports, China HSBC flash manufacturing PMI, France PMI manufacturing, PMI service, Germany PMI manufacturing, PMI service, EU PMI manufacturing, PMI service, Italy consumer confidence, U.K. CBI industrial trend, U.S. jobless claims, Markit PMI and new home sales.
AceTraderFx Oct 24 : DAILY TECHNICAL OUTLOOK ON GBP/USD
DAILY TECHNICAL OUTLOOK ON GBP/USD
24 Oct 2013 01:03GMT
Trend Daily Chart : Up
Daily Indicators : Neutral
21 HR EMA : 1.6172
55 HR EMA : 1.6172
Trend Hourly Chart : Sideways
Hourly Indicators : Rising fm o/s
13 HR RSI : 43
14 HR DMI : -ve
Daily Analysis : Consolidation b4 marginal fall
Resistance
1.6260 - 01 Oct high
1.6225 - Last Fri's high
1.6181 - Mon's high
Support
1.6119 - Y'day's low
1.6064 - Last Wed's high, now sup
1.6010 - Last Tue's high, now sup
. GBP/USD - 1.6195... Despite edging higher to 1.6258 in Asian morning on
Wed, failure to penetrate Oct's 1.6260 top triggered profit-taking. Cable tanked
in early European morning b4 extending fall to session low of 1.6119 after MPC
minutes. The pound later pared its losses n rebounded to 1.6176 in NY afternoon.
. Looking at the hourly n daily charts, as y'day's rise to 1.6258 was accom-
panied by bearish divergences on the hourly indicators, subsequent selloff to
1.6119, which also happened to be the minimum 38.2% r of 1.5894-1.6258 suggests
price wud consolidate below Oct's 1.6260 top n choppy trading with downside bias
remains. However, as mentioned in our previous update, cable's rally fm 1.5894
signals upmove fm Jul's 3-year trough at 1.4814 has resumed n abv 1.6260 wud
extend to 1.6310/11 (Sep 2012 peak n 50% proj. of 1.5427-1.6260 measured fm
1.5894 respectively) but price wud hold well below 2013 peak at 1.6380.
. Today, we are holding a short position in anticipation of weakness to
1.6100 but 1.6076 (50% r of 1.5894-1.6258) shud hold. Only a daily close abv
1.6225 wud confirm correction fm 1.6258 is over, yields 1.6258/60.
AceTraderFx Oct 25 : Euro strengthens on speculation that Fed will delay tapering....
Market Review - 24/10/2013 23:29GMT
Euro strengthens on speculation that Fed will delay tapering stimulus
The single currency rose to a fresh near 2-year high at 1.3826 on concerns the Federal Reserve will delay plans to start tapering bond buying programme outweighed soft euro zone data.
Eurozone PMI manufacturing in October came in at 51.3, worse than the forecast of 51.4.Euro zone PMI service in October came in at 50.9, worse than the expectation of 52.4.
The single currency found renewed buying at 1.3775 in Australia and then climbed to 1.3822 at European open before retreating to session low at 1.3764 due to weaker-than-expected German Service PMI (52.3 versus forecast 53.9). However, renewed cross-buying of euro especially versus sterling lifted price and euro rose to a fresh near 2-year high at 1.3826 in New York morning and later traded sideways in New York afternoon.
Versus Japanese yen, the greenback fell to 97.17 in Asian trading but failure to penetrate Wednesday's low prompted profit-taking and the pair rebounded to intra-day high of 97.62 ahead of European open partly due to Japan's Prime Minister Shinzo Abe's comments. However, renewed selling interest pushed price lower in European trading, price later retreated to 97.23 in New York morning.
Japanese Prime Minister Shinzo Abe said 'wages fell further than prices amid deflation; will continue to ask companies to raise wages; will refer to various indices in deciding on 10% sales tax; wants to make an appropriate decision on 10% sales tax; sales tax decision will take into account 2014 3Q growth.'
The British pound rose to 1.6223 at European open but selling interest met there and pressured price lower. Cable later fell to a session low at 1.6138 in New York morning before staging a strong rebound to 1.6211 in New York afternoon.
In other news, ECB's executive board member Yves Mersch said 'new long-term LTRO might not be necessary; all options are open, have very extensive toolbox; national backstop necessary but some countries have limited means’
On the data front, U.S. Markit PMI in October came in at 51.1, weaker than the forecast of 52.5. U.S. initial jobless claims came in at 30K, worse than the economists’ forecast of 340K, previous reading was revised to 362K. U.K. CBI industrial trend in October came in at -4, lower than the expectation of 10.
Data to be released on Friday:
Japan national CPI, Tokyo CPI, Germany Ifo current assessment, Ifo business climate, U.K. GDP, U.S. durable goods, University of Michigan consumer confidence, wholesale sales and wholesale inventories.
AceTraderFx Oct 25 : Daily Outlook on Asian Exotic USD/SGD
DAILY USD/SGD OUTLOOK - 1.2374
25 Oct 2013 03:05GMT
Despite usd's rebound fm 1.2343 to 1.2407, subse
quent retreat suggests recovery is over n downside
bias remains to re-test said low, break, 1.2311.
Sell on pullback with stop as indicated n only
abv 1.2433 wud abort n risk retrace. to 1.2445.
STRATEGY : Sell at 1.2400
OBJECTIVE : 1.2350
STOP-LOSS : 1.2420
RES : 1.2407/1.2433/1.2445
SUP : 1.2343/1.2311/1.2268
AceTraderFx Oct 25 : DAILY TECHNICAL OUTLOOK ON GBP/USD
DAILY TECHNICAL OUTLOOK ON GBP/USD
25 Oct 2013 00:47GMT
Trend Daily Chart : Up
Daily Indicators : Neutral
21 HR EMA :1.6189
55 HR EMA : 1.6182
Trend Hourly Chart : Sideways
Hourly Indicators : Neutral
13 HR RSI :55
14 HR DMI :-ve
Daily Analysis :Consolidation b4 marginal fall
Resistance
1.6310 - Sep 21 2012 high
1.6260 - 01 Oct high
1.6223 - Y'day's high
Support
1.6119 - Y'day's low
1.6064 - Last Wed's high, now sup
1.6010 - Last Tue's high, now sup
.GBP/USD - 1.6187... The British pound proved to be a little tricky to trade
y'day as despite initial bounce to 1.6223 in European morning, price retreated
sharply to 1.6138 at NY open. However, cable pared its losses n staged a strg
recovery to 1.6213 in NY afternoon b4 falling again at Asian open.
. Y'day's choppy trading suggests price wud be confined inside nr term range
of 1.6119-1.6258 for today n consolidation with mild downside bias wud be seen
but said lower lvl wud hold. Looking at the bigger picture, as mentioned in our
previous update, cable's rally fm 1.5894 to 1.6258 on Wed signals upmove fm
Jul's 3-year trough at 1.4814 wud resume soon n abv Oct's peak at 1.6260 wud
extend gain to 1.6310/11 (Sep 2012 peak n 50% proj. of 1.5427-1.6260 measured fm
1.5894 respectively) next week/early Nov but price wud hold well below 2013 peak
at 1.6380 due to loss of momentum.
. Today, we are holding a short position in anticipation of a re-test of
y'day's low at 1.6138 but sup at 1.6116/19 shud hold n yield rebound. Only a
daily close abv 1.6223 wud abort near term bearish bias on the pound.
AceTraderFx Oct 28: Euro hovers near a 2-year high on tepid U.S. economic data
Market Review - 26/10/2013 01:21GMT
Euro hovers near a 2-year high on tepid U.S. economic data
Euro hovered near a two-year high at 1.3833 on Friday due to the growing speculation on tepid U.S. economic data that the Federal Reserve will refrain from tapering its stimulus program this year continued to weigh on the greenback.
U.S. University of Michigan consumer confidence in October came in at 73.2, worse than the expectation of 75.0. U.S. durable goods in September came in at 3.7%, better than the forecast of 2.0%.
The single currency found support at 1.3785 in Asian morning and rose to a fresh near 2-year high at 1.3833 before Europe opening, however, profit-taking offers there capped euro's upside and pushed price lower in Europe. Euro later fell to a session low of 1.3774 in New York morning before rebounding to 1.3814.
Versus Japanese yen, the greenback went through a roller-coaster session Friday. The pair met selling interest at 97.43 in Australian morning n dropped to fresh 2-week low of 96.94 ahead of European open due to renewed cross-buying in yen on risk aversion especially against aussie due to a near 3% drop in the Nikkei. Dollar found support there and recovery in the Nikkei future in European session lifted price. Dollar pared intra-day loss and later climbed to session high of 97.49 in New York afternoon.
Although the British pound rose above Thursday's high at 1.6223 to an intra-day high of 1.6248 in Asian trading, renewed selling interest there pushed price lower ahead of European open. Cable staged a brief rebound to 1.6239 after the release of U.K. GDP before coming off in European. Sterling ratcheted lower to a session low at 1.6150 in New York morning b4 recovering. U.K. GDP in Q3 came in at 0.8% q/q n 1.5% y/y, same as the forecast.
In other news, ECB's Executive Board member Jorg Asmussen said 'ECB asset review precondition for revived lending; has no "specific worry" on euro exchange rate; ESM could be temporary backstop for resolution body; his intention is to fulfill term at ECB.'
Japan Finance Minister Taro Aso said 'need more time for Japan to escape deflation; Japan 2014 July-Sept GDP data will be key in deciding if to proceed with next sales tax hike to 10% in 2015.'
On the data front, Germany's Ifo business climate in October came in at 107.4, weaker than the expectation of 108.0. Ifo current assessment in October came in at 111.3, worse than the forecast of 111.6.
Data to be released next week:
U.K. Hometrack housing survey, CBI distributive trades, Germany import price index, retail sales, U.S. industrial production, capacity utilisation, pending home sales on Monday. New Zealand financial market is closed due to public holiday.
Japan unemployment rate, household spending, retail sales, France consumer confidence, U.K. mortgage approvals, Halifax house prices, U.S. PPI, retail sales, Redbook retail sales, S & P/CS home price, consumer confidence, business inventories, Canada PPI on Tuesday.
Japan industrial production, Swiss UBS consumption indicator, KOF indicator, Germany unemployment change, unemployment rate, U.K. Lloyds business barometer, EU business climate, Economic sentiment, consumer confidence, U.S. ADP employment, CPI, Fed FOMC rate decision, Germany HICP, CPI on Wednesday.
New Zealand rate decision, ANZ Business confidence, Australia import price index, export price index, building approvals, Japan manufacturing PMI, BOJ rate decision, housing starts, construction orders, Germany Gfk consumer confidence, France PPI, Italy unemployment rate, CPI, HICP, PPI, EU PPI, unemployment rate, CPI, Canada GDP, U.S. jobless claims, Chicago PMI on Thursday.
Australia PPI, China manufacturing PMI, HSBC Markit manufacturing PMI, Swiss PMI, U.K. manufacturing PMI, U.S. Markit manufacturing PMI, ISM manufacturing and construction spending on Friday. France financial market is closed due to public holiday.
AceTraderFx Oct 28 : Daily Market Outlook on Asian Exotics
DAILY USD/SGD OUTLOOK - 1.2362
28 Oct 2013 05:01GMT
Usd's retreat fm last Wed's 1.2407 high signals
erratic fall fm 1.2862 has possibly resumed n below
1.2343 low (Wed) wud extend to 1.2311 later.
Sell on recovery with stop as indicated n only
abv 1.2433 aborts n risks retracement to 1.2465.
STRATEGY : Sell at 1.2385
OBJECTIVE : 1.2315
STOP-LOSS : 1.2410
RES : 1.2407/1.2433/1.2465
SUP : 1.2343/1.2311/1.2268
AceTraderFx Oct 28 : WEEKLY TECHNICAL OUTLOOK ON USD/JPY
WEEKLY TECHNICAL OUTLOOK ON USD/JPY
27 Oct 2013 23:44GMT
Trend Daily Chart: Sideways
Daily Indicators :Turning down
21 HR EMA : 97.41
55 HR EMA : 97.42
Trend Hourly Chart :Sideways
Hourly Indicators : Rising
13 HR RSI :56
14 HR DMI : +ve
Daily Analysis :Choppy trading to continue
Resistance
98.19 - Last Wed's high
97.86 - Last Wed's NY low. now res
97.78 - Intra-day high in Aust.
Support
97.15 - Last Wed's low
96.94 - Last Fri's low
96.55 - Oct 07 low
. USD/JPY - 97.51 ... Despite initial cross-inspired recovery to 98.48 on
Tue due to rebound in the N225, sudden spike in Chinese short-term rates spoofed investors n caused a slide in the N225, traders bot yen broadly as safe-haven currency, pushing the pair to a 2-week low of 96.94 Fri b4 staging a recovery.
. Let's look at the bigger picture 1st, dlr's recent broad sideways move is
set to continue for rest of this week as price wud remain confined recent established range of 95.81-100.62 n only a daily close abv or below either side wud signal a major 'breakout' has taken place, so until then, one shud not too excited when price is approaching twd the upper or lower level of aforesaid range. On the downside, below 95.81 wud be 1st signal downside break has occured n test of 93.75 (reaction fm 2013 4-1/2 year peak at 103.74) wud follow in Nov/Dec. Only abv 99.01 wud shift risk to upside n yield subsequent rebound twd 100.62.
. Today, intra-day gap-up open to 97.78 in Aust. suggests decline fm 99.01 has made a low n 1-2 days of consolidation is seen with upside bias but 98.22 (61.8% r) shud cap present rise n yield another fall later.
AceTraderFx Oct 29 : Cable tumbles on weak U.K. retail sales data
Market Review - 28/10/2013 22:00GMT
Cable tumbles on weak U.K. retail sales data
The British pound weakened on Monday after the release of CBI distributive trades, which came in at 2, much weaker than the economists' forecast of 32. Moreover, Bank of England chief economist Spencer Dale said 'option of expanding QE still on the table; tightening will be slower than in previous recovery.'
The British pound ratcheted higher from New Zealand's low at 1.6162 and rose to a session high at 1.6208 in European morning. However, cable tanked to 1.6136 due to the release of much weaker-than-expected CBI distributives sales and then dropped to intra-day low of 1.6124 in New York morning.
The single currency traded narrowly during Asian trading and met selling interest below 1.3818 (Asia) in European morning. Euro later fell to intra-day low at 1.3775 in New York morning.
Versus Japanese yen, the greenback opened higher and rose to 97.78 in Australia before retreating to 97.44 in Asian session. However, dollar found support there and rebounded in European session. The pair later rose to a session high at 97.79 in New York morning.
In other news, president of the Eurogroup, Jeroen Dijsselbloem said 'Spain has turned a corner; Spain is now on the road to recovery; don't think ESM exit discussions will be very tough; balance sheets of Spanish banks have improved; banking union to be completed on schedule; not easy to regain pre-crisis growth rates; have to break open our labor markets; further reform of the labor markets is crucial.' ECB's Executive Board member Beniot Coeure said 'Europe out of danger zone, must get act together.'
On the data front, U.K. Hometrack housing survey in October came in at 0.5% m/m n 3.1% y/y. U S. pending home sales in September came in at -5.6%, worse than the forecast of 0.0%.U.S. industrial production in September came in at 0.6% m/m, better than economists’ forecast of 0.4%. U.S. capacity utilization in September came in at 78.3%, stronger than the expectation of 78.0%, previous reading was revised to 77.9%.
Data to be released on Tuesday:
Japan unemployment rate, household spending, retail sales, France consumer confidence, U.K. mortgage approvals, Halifax house prices, U.S. PPI, retail sales, Redbook retail sales, S & P/CS home price, consumer confidence, business inventories and Canada PPI.