Intraday trading signal - page 8
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GBP/USD Daily Outlook by AceTrader
INTRA-DAY GBP/USD:1.6688
Last Update At 03 Dec 2009 06:25 GMT
As cable has risen after finding renewed buying
around 1.6660, re-test of o/head res at 1.6696 is
seen n abv there wud extend recent upmove fm 1.6272
to 1.6710/20, however, reckon 1.6747 wud hold due
to loss of momentum.
Buy on dips with stop as indicated, below shifts
risk to downside for pullback to 1.6626.
Range Forecast
1.6665 / 1.6696
Resistance/Support
R: 1.6696/1.6747/1.6804
S: 1.6660/1.6626/1.6550
GBP/USD Daily Outlook by AceTrader
INTRA-DAY GBP/USD:1.6500
Last Update At 07 Dec 2009 00:45 GMT
As cable has rebounded in tandem with euro in
Asia after Friday's sharp selloff to 1.6422, sug-
gesting recent decline has made a temp. low there n
choppy consolidation is envisaged with mild upside
bias but abv 1.6520 is needed to extend twd 1.6550.
Stand aside for now n sell on further rise for
day trade. Below 1.6455 signals top made, 1.6422.
Range Forecast
1.6480 / 1.6520
Resistance/Support
R: 1.6520/1.6550/1.6618
S: 1.6455/1.6422/1.6381
AUD/USD Market Outlook by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.9130
Last Update At 07 Dec 2009 22:32 GMT
Although aussie's retreat fm 0.9189 suggests
recovery fm 0.9053 has possibly ended there n conso
lidation wud be seen, below 0.9110 is needed to con
firm n bring further weakness to 0.9070/75, however
, said sup shud hold on 1st testing.
Abv said res wud yield stronger retracement of
near term decline fm 0.9324 to 0.9214 (prev. sup).
Range Forecast
+0.9135 / 0.9165+
Resistance/Support
R: 0.9214/0.9295/0.9324
S: 0.9110/0.9051/0.9023
Support, Resistance and Range Forecast by AceTrader
INTRA-DAY USD/JPY:
Last Update At 09 Dec 2009 02:30 GMT
Range Forecast
88.35 / 88.70
Resistance/Support
R: 88.77/89.18/89.56
S: 88.17/88.01/87.54
-------------------------------------------------
INTRA-DAY EUR/USD:
Last Update At 09 Dec 2009 02:29 GMT
Range Forecast
1.4715 / 1.4750
Resistance/Support
R: 1.4756/1.4782/1.4831
S: 1.4692/1.4666/1.4626
-------------------------------------------------
INTRA-DAY USD/CHF:
Last Update At 09 Dec 2009 02:33 GMT
Range Forecast
1.0250 / 1.0280
Resistance/Support
R: 1.0292/1.0338/1.0398
S: 1.0245/1.0221/1.0165
-------------------------------------------------
INTRA-DAY GBP/USD:
Last Update At 09 Dec 2009 01:46 GMT
Range Forecast
1.6245 / 1.6280
Resistance/Support
R: 1.6314/1.6383/1.6428
S: 1.6224/1.6200/1.6127
Support, Resistance and Range Forecast by AceTrader
INTRA-DAY USD/JPY:
Last Update At 09 Dec 2009 02:30 GMT
Range Forecast
88.35 / 88.70
Resistance/Support
R: 88.77/89.18/89.56
S: 88.17/88.01/87.54
-------------------------------------------------
INTRA-DAY EUR/USD:
Last Update At 09 Dec 2009 02:29 GMT
Range Forecast
1.4715 / 1.4750
Resistance/Support
R: 1.4756/1.4782/1.4831
S: 1.4692/1.4666/1.4626
-------------------------------------------------
INTRA-DAY USD/CHF:
Last Update At 09 Dec 2009 02:33 GMT
Range Forecast
1.0250 / 1.0280
Resistance/Support
R: 1.0292/1.0338/1.0398
S: 1.0245/1.0221/1.0165
-------------------------------------------------
INTRA-DAY GBP/USD:
Last Update At 09 Dec 2009 01:46 GMT
Range Forecast
1.6245 / 1.6280
Resistance/Support
R: 1.6314/1.6383/1.6428
S: 1.6224/1.6200/1.6127
GBP/USD Daily Outlook by AceTrader
INTRA-DAY GBP/USD:+1.6309+
Last Update At 10 Dec 2009 00:39 GMT
Cable's rebound after sharp retreat fm 1.6377 to
1.6187 in NY suggests further consolidation abv
y'day's low at 1.6167 is in store with mild upside
bias n abv 1.6311 (Aust.) wud extend gain to 1.6330
/40 but reckon 1.6377 wud hold in Asia.
Buy on pullback as only below 1.6210/20 signals
intra-day top made n risks weakness to 1.6187.
Range Forecast
+1.6290 / 1.6330+
Resistance/Support
R: 1.6311/1.6377/1.6422
S: 1.6247/1.6167/1.6127
USD/JPY Daily Outlook by AceTrader
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY
USD/JPY : 88.29
Last Update At10 Dec 2009 23:05 GMT
Dlr's rebound after finding renewed buying at
87.90 in NY y'day suggests the retreat fm 88.45 has
ended n re-test of said res is seen after consolida
tion, abv wud extend the corrective rise fm this
week's low at 87.36 to 88.70/80.
Buy on dips with stop as indicated, below wud
defer n risk weakness to 87.60/65.
Range Forecast
88.10 / 88.40
Resistance/Support
R: 88.45/88.70/89.18
S: 87.90/87.73/87.36
USD/JPY Daily Outlook by AceTrader
Market Review - 10/12/2009 22:11 All times in GMT
Dollar gains versus yen on hopes that U.S. economy will continue to recover
Although the greenback dropped to an intra-day low of 87.73 against the Japanese yen earlier in Asia due to cross buying in yen on risk aversion after the Nikkei-225 ended down around 141 points, buying interest on dips then lifted the pair to as high as 88.45. In New York morning, the dollar declined briefly to 87.90 after the release of higher-than-expected weekly jobless claims data, which came in at 474,000 compared to economists' expectation of 460,000. However, dollar rebounded strongly from there as the market's focus was on the four-week moving average of U.S. jobless claims, which fell for 14 weeks in a row and hit the lowest since September last year. A separate report indicated the U.S. trade deficit narrowed from $35.65 billion to $32.9 billion in October.
Euro moved sideways on Thursday after dropping to a month low of 1.4665 in prior day. Although the single currency briefly dipped to 1.4684 in European morning, the pair then bounced to an intra-day high of 1.4761 before another retreat was seen in New York morning. Similar to euro, cable traded inside Wednesday's range of 1.6167-1.6377. The Bank of England kept interest rates unchanged at 0.5% as widely expected and left its asset purchase programme intact at 200 billion pounds ($325 billion). Policymakers indicated that they are likely to stay on hold until at least February when they will get their new growth and inflation forecasts and the scheduled asset purchases run out. After the rate decision, the British pound briefly retreated from an intra-day high of 1.6348 to 1.6221 before another rebound was seen in New York morning.
The Swiss National Bank kept interest rates unchanged as widely expected at 0.25% and indicated that Switzerland's economy is on the road to recovery and is developing as expected but a risk of deflation remains. U.S. currency rose marginally to 1.0303 after the rate decision before running into offers there and then retreatd to1.0237 in New York morning.
Australian and New Zealand dollar jumped against the greenback to 0.9190 and 0.7321 respectively on Thursday. The much better-than-expected Australia jobs data raised speculation the central bank will hike rates again. In addition, the Reserve Bank of New Zealand signaled that rates may be raised sooner than initial expected.
Data to be released on Friday include Japan consumer confidence, U.K. PPI data, U.S. import and export price index, retail sales, University of Michigan survey, business inventories, Canada new housing price index.
GBP/USD Daily Outlook by AceTrader
INTRA-DAY GBP/USD:1.6308
Last Update At 11 Dec 2009 03:11 GMT
Cable's breach of 1.6293 suggests the choppy
trading inside the range of 1.6167-1.6377 wud conti
nue with mild upside bias n gain to 1.6330/35 can't
be ruled out but only abv 1.6348 wud risk possibly
re-test of said upper lvl.
Below 1.6260 wud revive bearishness for a fall
to 1.6215/21 sup area. Stand aside in the meantime.
Range Forecast
1.6285 / 1.6325
Resistance/Support
R: 1.6318/1.6348/1.6377
S: 1.6260/1.6215/1.6187
Market Outlook by AceTrader
Market Review - 11/12/2009 21:41 All times in GMT
Dollar soars against euro as strong U.S. data increases speculation the Fed will hike rates before Q2 2010
The greenback rallied across the board on Friday as upbeat U.S. data boosted speculation that the Fed will hike key interest rate soon next year. U.S. retail sales data rose by 1.3% in November versus the expectation of 0.7% increase. Later, a separate University of Michigan survey which showed consumer sentiment/confidence in December also came in much better than expected at 73.4 compared to economists' forecast of 68, spurring market's expectations of a quarter-point rate hike by the Fed before June 2010. U.S. crude oil futures fell an eighth consecutive session and settled at $69.46 while spot gold price pummeled to a 4-week low of $1110.00 an ounce in New York morning due to dollar's strength in New York session.
Although euro traded sideways earlier in Asia, the single currency tumbled from an intra-day high of 1.4777 and extended the corrective decline from this year's 1.5145 high to a two month low of 1.4586 after the release of U.S. retail sales data and the consumer confidence survey. Cross selling in the euro versus sterling also weighed on the single currency as eur/gbp dropped sharply from 0.9070 to 0.8980 before recovering. Similar to euro, usd/chf also extended the corrective upmove from the recent low of 0.9910 (November 09') to as high as 1.0368 in New York morning before stabilising
Despite the Japanese yen's brief but sharp fall versus most of its counterparts in New York morning, profit taking selling later caused price to retreat from 89.81 to 89.02, eur/jpy dropped from 131.60 to 130.00, aud/jpy declined from 81.95 to 81.11 while gbp/jpy slipped from 145.64 to 144.60 in late New York afternoon.
Data to be released next week include Japan Tankan capex and Tankan big manufacturing data, capacity utilisation, industrial production, U.K. Rightmove house price, Switzerland combined PPI, eurozone employment data, industrial production, Canada capacity utilisation on Monday, Australia Reserve Bank's Board December Minutes, Switzerland industrial production, U.K. RICS house price index, DGLG house price (y/y), CPI, RPI, Canada leading indicators, U.S. foreign treasury buys, net LT TIC flows, capacity utilisation, industrial production, NAHB housing market index on Tuesday, Australia GDP, Westpac leading economic index, Japan machine tools orders, German and eurozone service and manufacturing PMI, U.K. ILO unemployment rate, claimant count, eurozone, HICP final, U.S. housing starts, building permits, CPI, current account, Fed rate decision on Wednesday, Japan leading indicators, German retail sales, Switzerland ZEW index, Canada CPI, U.S. jobless claims, leading indicators, Philadelphia Fed survey on Thursday, Japan BOJ rate decision, U.K. financial stability report, PSNCR, German PPI, eurozone current account and trade balance, Canada wholesales sales data on Friday.