photo
Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
  • Amazed
  • Amused
  • Angelic
  • Angry
  • Asleep
  • Bashul
  • Bitchy
  • Blah
  • Bored
  • Breezy
  • Brooding
  • Busy
  • Buzzed
  • Chatty
  • Cheeky
  • Cheerful
  • Cold
  • Confused
  • Cool
  • Crappy
  • Cynical
  • Daring
  • Dead
  • Devilish
  • Doh
  • Doubtful
  • Drunk
  • Fine
  • Flirty
  • Goofy
  • Grumpy
  • Happy
  • Hot
  • Hungover
  • Innocent
  • Inspired
  • In_Love
  • Lonely
  • Lurking
  • Mellow
  • Paranoid
  • Pensive
  • Psychedelic
  • Relaxed
  • Sad
  • Scared
  • Shocked
  • Sick
  • Sleepy
  • Sneaky
  • Stresses
  • Tired
  • Twisted
  • Worried
  • Yeehaw
  • Reply to Thread
    Page 10 of 24 FirstFirst ... 5 8 9 10 11 12 15 ... LastLast
    Results 91 to 100 of 231

    Thread: Daily Market Outlook By AceTrader** (6)

    1. #91
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Smile ....................... AceTrader Feb 28, 2018 ........................

      .

      AceTrader Feb 28: Intra-Day Market Moving News and Views -EUR/USD

      Intra-Day Market Moving News and Views
      28 Feb 2018
      03:30GMT

      EUR/USD - 1.2219.. Euro languished just above Asian near 3-week trough of 1.2215 after intra-day marginal break of yesterday's New York low post-Fed Powell's testimony.

      Despite staging a short-covering rebound after intra-day selloff from 1.2346 (Europe) to as low as 1.2221 after hawkish comments by new Fed Chairman J. Powell on his first Congressional testimony, renewed selling quickly emerged and pushed price down.
      Euro traded narrowly in subdued Asian morning before falling again ahead of Tokyo lunch break.

      Although euro remains on the back foot, minor range trading is likely ahead of European open, having said that, short-term specs are eager to test euro's downside with stops below Feb's 1.2206 low (mkt reported stops below 1.2200) are now in focus, so selling the single currency on recovery is still favoured.
      Offers are tipped at 1.2240/50 with stops above 1.2260.
      Some bids (profit taking) are noted at 1.2215-05.

      The euro area countries will release a slew of eco. data during European morning starting with Germany's consumer confidence, France's consumer spending, GDP, CPI n PPI, Germany's unemployment, Italy's CPI n lastly the same from the EU.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. ...................
      .................................................. ...................


    2. #92
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Default ....................... AceTrader Mar 01, 2018 ......................

      .


      AceTrader Mar 01: Intra-Day Market Moving News and Views -USD/JPY

      Intra-Day Market Moving News and Views
      01 Mar 2018
      03:30GMT

      USD/JPY - 106.69.. The pair remained under pressure in relatively subdued trading in Asian morning due to continued yen's strength despite usd's broad-based gain.
      Traders cited selling by Japanese exporters' month-end yen buying, falling U.S. yields n weakness in the Nikkie were contributing factors to dlr's decline which bean yesterday.

      Having said that, usd's expected gain vs other G7 counterparts should prevent steep fall and as long as this week's low at 106.38 (Monday), further choppy sideways swings would continue and price may ratchet higher later in the day if U.S. yields rebound.
      For now, bids are noted at 106.55/45 with stops reported below 106.30.
      Offers are tipped at 106.75/85 with some stops above 107.00.

      U.S. will release a slew of eco. data starting with the key January's core PCE price index (Fed's favourite inflation gauge), PCE, personal income n spending, initial jobless claims, Markit manuf. PMI, construction spending n ISM manuf. PMI.

      Fed Chairman J. Powell will make his second testimony this week and will testify before the Senate Banking Committee at 15:00GMT and out-going Fed's Dudley will speak at 16:00GMT.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. ....................
      .................................................. ....................

      ---------- Post added at 06:01 PM ---------- Previous post was at 12:11 PM ----------

      .

      AceTrader Mar 01: Daily Recommendations on Major -USD/JPY

      DAILY MARKET OUTLOOK on Major
      Update Time: 01 Mar 2018 09:30 GMT

      USD/JPY - 106.87
      The greenback's break of last Friday's low at 106.51 to 106.38 Monday strongly suggests correction from February's 15-month peak at 105.55 has ended at 107.90 last Wednesday and choppy trading with downside bias would be seen for weakness towards 106.20/24, however, near term loss of momentum would keep price above 106.10 today and yield a rebound later.

      On the upside, only above 107.68 would indicate pullback from 107.90 has ended instead and turn outlook bullish for a re-test of said resistance.

      Data out on Thursday:
      Swiss GDP, retail sales, manufacturing PMI, Germany import prices, export prices, Markit manufacturing PMI, Italy Markit manufacturing PMI, unemployment, France Markit manufacturing PMI, EU Markit manufacturing PMI, unemployment rate, U.K. Markit manufacturing PMI.
      U.S. personal income, personal spending, PCE price index, initial jobless claims, Markit manufacturing PMI, construction spending, ISM manufacturing PMI, and Canada Markit manufacturing PMI

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. .......
      .................................................. .......


    3. #93
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Default ....................... AceTrader Mar 02, 2018 ......................

      .

      AceTrader Mar 02: Intra-Day Market Moving News and Views -USD/JPY

      Intra-Day Market Moving News and Views
      02 Mar 2018
      04:05GMT

      USD/JPY - 106.04.. Dlr remains on the back foot in Asian morning as Asian traders sold the usd vs G4 counterparts following o/n selloff in New York in reaction to Trump's announcement to impose hefty U.S. import tariffs on steel and aluminium, price fell from 106.30 to a fresh 2-week low of 105.94 ahead of Tokyo lunch break before rebounding on short covering.

      Yesterday's break of last week's 106.38 low (now res) and then daily close below there suggests correction from February's fresh 15-month bottom has ended and price is en route to re-test this level, possibly in New York trading later today, then towards next chart obj. at 105.00 (there is rumour of option defence at this 'psychological level).

      Therefore, selling dlr on recovery is the way to go due to yen buying on risk aversion in reaction to market jitters of a global trade war following Trump's action.
      Offers are tipped at 106.20/30 n more above with stops above 106.55/60.
      Some bids are noted at 105.95/90 with stops building below 105.50.

      T.G.I.F. after a tumultuous week, however, U.S. will release ISM New York index and then University of Michigan consumer confidence later but market attention is global stock market reaction to Trump's decision to impose import tariffs and dollar's reaction (pun intended) on this.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in orex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. .................
      .................................................. .................

      ---------- Post added at 01:52 PM ---------- Previous post was at 12:12 PM ----------

      .

      AceTrader Mar 02: Daily Recommendations on Major -EUR/USD

      DAILY MARKET OUTLOOK on Major
      Update Time: 02 Mar 2018 05:30 GMT

      EUR/USD - 1.2276
      Despite yesterday's anticipated resumption of recent decline from February's 1.2555 peak to a 7-week trough of 1.2155, subsequent rally due to broad-based usd's weakness on fear of global trade war following news of Trump would impose tariffs on U.S. steel and AL imports suggests long-awaited correction of aforesaid fall has occurred and consolidation with upside bias is seen.
      However, reckon res at 1.2355 (this week's high on Monday) should cap present rise.

      On the downside, only below 1.2222 signals 1st leg of correction is over and may risk stronger pullback to 1.2190/00 before prospect of another rise next week.

      Euro area countries will release a slew of eco. data during European morning (pls refer to EI section for details) n ECB Board member Mersch will give a speech at a financial conference in Prague at 08:10GMT.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Fotrex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. .............
      .................................................. .............


    4. #94
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Default ....................... AceTrader Mar 05, 2018 ......................

      .

      AceTrader Mar 05: Intra-Day Market Moving News and Views -USD/JPY


      Intra-Day Market Moving News and Views
      05 Mar 2018
      03:05GMT

      USD/JPY - 105.47.. Dlr swung broadly sideways in Asian morning as market focus is on the euro.
      Despite opening flat in New Zealand on Monday, intra-day gain in the euro led to broad-based usd's weakness and the pair fell from 105.72 to 105.43 before rebounding to 105.56 due to sharp retreat in the eur/usd.

      Looks like choppy trading above Friday's fresh 15-month trough above 105.25 would continue and as long as this temp. low holds, a modest corrective bounce to 105.90/00 is still likely.
      Bids are noted at 105.45-35 with stops below 105.25, however, there is talk of option defence above the psychological 105.00 level.
      On the upside, offers are tipped at 105.65/75 and more above with stops reported above 106.00.

      U.S. will release Markit services PMI, the ISM non-mfg PMI at 14:45GMT n 15:00GMT respectively. We also have Chicago Fed's Evans (non-voter) speaking at 17:00GMT.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. ...........
      .................................................. ...........

      ---------- Post added at 05:33 PM ---------- Previous post was at 11:12 AM ----------

      .

      AceTrader Mar 05: Daily Recommendations on Major -USD/JPY


      DAILY MARKET OUTLOOK on Major
      Update Time: 05 Mar 2018 09:30 GMT

      USD/JPY - 105.49
      The greenback's selloff last week and subsequent break of February's 15-month trough at 105.55 to 105.25 on Friday signals medium-term decline remains in progress and consolidation with downside bias remains for weakness towards 105.00/05, then to 104.76/80.
      However, oversold condition would keep price above 104.50 and yield a much-needed correction alter this week.

      On the upside, only above 106.55 would abort daily bearish outlook and risk stronger gain towards 107.20 before prospect of another retreat early next week.

      Data to release later today:
      Italy Markit Service PMI, France Markit Service PMI, Germany Markit Service PMI, EU Markit Service PMI, sentix index, retail sales, U.K. Markit Service PMI.
      U.S. Markit Service PMI, ISM non-manufacturing PMI on Monday

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. .
      .................................................. .


    5. #95
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Default ....................... AceTrader Mar 06, 2018 ......................

      .


      AceTrader Mar 06: Intra-Day Market Moving News and Views -EUR/USD

      Intra-Day Market Moving News and Views
      06 Mar 2018
      03:15GMT

      EUR/USD - 1.2350.. The euro regained traction in Asian trading as euro bulls are back in control after market shrugged off initial political jitters in Italy following Sun's election which delivered a hung parliament.

      Despite initial choppy sideways swings in New York morning, intra-day rally in cable lifted the single currency to 1.2349 near New York midday and today's break above this res to 1.2363 in Asia suggests re-test of yesterday's 10-day top at 1.2365 would be seen, so buying euro on dips is the way to go for resumption of upmove from last week's 7-week bottom at 1.2155 (Thursday).
      Bids are noted at 1.2335-25 n more below with stops below 1.2300.
      Offers are tipped at 1.2365/75 with stops reported above 1.2415.

      No eco. data is due out fm the euro area countries today so funds flow will have a greater impact on intra-day price movement during European morning.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

      .................................................. .....................
      .................................................. .....................

      ---------- Post added at 05:36 PM ---------- Previous post was at 11:19 AM ----------

      .

      AceTrader Mar 06: Daily Recommendations on Major -USD/JPY

      DAILY MARKET OUTLOOK on Major
      Update Time: 06 Mar 2018 09:30 GMT

      USD/JPY - 106.12
      The greenback's selloff last week and subsequent break of February's 15-month trough at 105.55 to 105.25 on Friday signals medium-term decline remains in progress and consolidation with downside bias remains for weakness towards 105.00/05, then to 104.76/80.
      However, oversold condition would keep price above 104.50 and yield a much-needed correction alter this week.

      On the upside, only above 106.55 would abort daily bearish outlook and risk stronger gain towards 107.20 before prospect of another retreat early next week.

      BoJ Gov. Kuroda will be speaking b4 the upper housde at 04:00GMT for confirmation hearings. Traders will continue to take cue fm U.S. yields n intra-day movement in the Dow later today. U.S. will release Redbook retail sales, revised durable goods orders n factory orders. Also, out-going NY Fed's Dudley will made a speech at 12:30GMT.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates


      .................................................. ...........
      .................................................. ...........


    6. #96
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Default ....................... AceTrader Mar 07, 2018 ......................

      .


      AceTrader Mar 07: Intra-Day Market Moving News and Views -USD/JPY

      Intra-Day Market Moving News and Views
      07 Mar 2018
      03:25GMT

      USD/JPY - 105.69.. Dlr has stabilised after initial selloff ahead of Tokyo open when news of resignation of Trump's top economic adviser Gary Cohn hit the wires around 22:30GMT.

      The pair tumbled from 106.18 (AUS) to as low as 105.56 on broad-based active yen buying due to renewed market jitters of escalating trade tensions (as Cohn resigned due to dispute with Trump over trade tariffs), however, short covering later lifted dlr to 105.86 (yesterday's low, now res - pretty technical reaction) before retreating.

      Expect range trading above 105.46 ahead of European open n pay attention to reaction by European traders on the Cohn' news.
      For now, offers are tipped at 105.85/90 with stops above 106.00, bids are noted at 105.50-40 with stops below 105.25, however, there has been recent market chatter of option defence at 105.00 (this level may be a tough nut to crack this week) with stops reported below 105.00.

      U.S. will release a slew of eco. data and the most important one is ADP private payrolls at 13:15GMT, then trade balance, labor costs, non-farm productivity and lastly, Fed Beige book. We also have 2 voting members of the FOMC officials speaking, first is out-going NY Fed's Dudley and then Atlanta Fed's Bostic.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates


      .................................................. ...................
      .................................................. ...................

      ---------- Post added at 05:41 PM ---------- Previous post was at 11:38 AM ----------

      .


      AceTrader Mar 07: Daily Recommendations on Major -USD/JPY

      DAILY MARKET OUTLOOK on Major
      Update Time: 07 Mar 2018 09:30 GMT

      USD/JPY - 105.70
      The greenback's selloff last week and subsequent break of February's 15-month trough at 105.55 to 105.25 on Friday signals medium-term decline remains in progress and consolidation with downside bias remains for weakness towards 105.00/05, then to 104.76/80.
      However, oversold condition would keep price above 104.50 and yield a much-needed correction alter this week.

      On the upside, only above 106.55 would abort daily bearish outlook and risk stronger gain towards 107.20 before prospect of another retreat early next week.

      Data to be released on Wednesday:
      France, current account, trade balance, imports, exports, EU GDP.
      U.S. MBA mortgage application, ADP employment change, goods trade balance, and Canada housing starts, exports, imports, BoC rate decision, rate statement

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. ........
      .................................................. ........


    7. The Following User Says Thank You to Acetraderfx For This Useful Post:

      zeeshaa (03-07-2018)

    8. #97
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Default ....................... AceTrader Mar 08, 2018 ......................

      .

      AceTrader Mar 08: Intra-Day Market Moving News and Views -EUR/USD

      Intra-Day Market Moving News and Views
      08 Mar 2018
      03:00GMT

      EUR/USD - 1.2402.. Euro orbits 1.2400 level in relatively subdued Asian trading after retreating from Wed's 2-1/2 week high of 1.2444 (Europe) to session low of 1.2385 in New York morning before rebounding to 1.2415 near the close, suggesting range trading is the order of the day in Asia as traders are keeping their powder dry ahead of ECB's rate decision announcement n more importantly, the post-ECB press conference by Draghi.

      Although the ECB is widely expected to stand pat on its rate policy, traders are eager to take cue from Draghi's press conference on any sign of tapering of its bond purchase programme, therefore, we have to wait for many hours for his comments.
      Until then, offers are tipped at 1.2430/40 with some stops above 1.2450, more stops are touted above 1.2500.
      Bids are noted at 1.2395/85 with stops below 1.2380.

      Eco. calendar is very light today with Germany's industrial orders being the only data due out at 07:00GMT.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. .....
      .................................................. .....

      ---------- Post added at 05:37 PM ---------- Previous post was at 11:00 AM ----------

      .

      AceTrader Mar 08: Daily Recommendations on Major -USD/JPY

      DAILY MARKET OUTLOOK on Major
      Update Time: 08 Mar 2018 09:30 GMT

      USD/JPY - 105.94
      The greenback's selloff last week and subsequent break of February's 15-month trough at 105.55 to 105.25 on Friday signals medium-term decline remains in progress and consolidation with downside bias remains for weakness towards 105.00/05, then to 104.76/80.
      However, oversold condition would keep price above 104.50 and yield a much-needed correction alter this week.

      On the upside, only above 106.55 would abort daily bearish outlook and risk stronger gain towards 107.20 before prospect of another retreat early next week.

      The only data due out from the U.S. is weekly jobless claims and market awaits Trump's tariffs proclamation at 20:30GMT and then Friday's release of key U.S. jobs data.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. .
      .................................................. .


    9. #98
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Smile ....................... AceTrader Mar 09, 2018 ......................

      .

      AceTrader Mar 09: Intra-Day Market Moving News and Views -USD/JPY

      Intra-Day Market Moving News and Views
      09 Mar 2018
      03:00GMT

      USD/JPY - 106.70.. In stark contrast to yesterday's narrow move in Asian morning, the pair jumped ahead of Tokyo open on media report North Korea will make commitment to stop nuclear tests and its leader Kim will meet with Trump and was then accepted.
      AS a result, dlr rallied easily above this week's 106.46 high to as high as 106.94 on broad-based yen selling due to return of 'risk appetite'.

      Today's rally above 106.46 (now sup) confirms an upside break of the 3-day long broad sideways swings have ended and further gain is likely to be seen, so trading the buck from long side is favoured.
      Bids have been raised to 106.65-55 and more below with some stops below 106.40.
      Offers are tipped at 107.00/20 with stops touted above 107.20.

      As time of writing, BoJ has stood pat on its rate and monetary policy decision as widely expected, so focus is Gov. Kuroda's press conference at 06:30GMT.
      After that, we have the blockbuster month U.S. jobs data, pay attention to NFP as well as average hourly way growth, if both readings beat street forecasts, then dlr will rally further, if they miss the estimate, then look for a decent dip to enter long position for another rise next week. T.G.I.F.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. ..............
      .................................................. ..............


    10. #99
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Smile ....................... AceTrader Mar 12, 2018 ......................

      .

      AceTrader Mar 12: Intra-Day Market Moving News and Views -EUR/USD

      Intra-Day Market Moving News and Views
      12 Mar 2018
      04:00GMT

      EUR/USD - 1.2321.. The single currency inched higher in relatively subdued Asian trading after staging a rebound from Friday's post-NFP low at 1.2273.

      Although the Japanese yen has made centre stage in Asia on Mon, euro's said rebound from 1.2273 suggests early decline from Thursday's 2-1/2 week high at 1.2446 has made a temp. low n range trading is in store in European morning.
      Bids are noted at 1.2300-80 area n more below with stops below 1.2270 whilst offers are tipped at 1.2330/40 n more above with stops above 1.2370.

      Although there is no eco. data from the euro area countries on Mon, we have Eurogroup meeting today where ECB President Draghi and ECB executive board member Coeure will particiapte in the meeting in Brussels.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates



      .................................................. ................
      .................................................. ...............


    11. The Following User Says Thank You to Acetraderfx For This Useful Post:

      Unregistered (1)

    12. #100
      FX Super Hero
      I am:
      ----
       
      Acetraderfx has a spectacular aura about Acetraderfx has a spectacular aura about Acetraderfx's Avatar
      Posts
      1,519
      Accumulated bonus
      91.54 USD (What is this?)
      Thanks
      0
      Thanked 179 Times in 108 Posts

      Smile ....................... AceTrader Mar 13, 2018 ......................

      .


      AceTrader Mar 13: Intra-Day Market Moving News and Views -USD/JPY

      Intra-Day Market Moving News and Views
      13 Mar 2018
      03:00GMT

      USD/JPY - 106.40.. Dlr pares intra-day loss n inches higher from Asian low at 106.25. Despite staging a short-covering rebound from o/n New York low at 106.32 to 106.47 in Australia, short-term specs sold the pair on news that Japan FinMin Aso is considering to skip G20 meeting n knocked price 106.25.
      However, lack of follow-through selling helped price to edge higher at Tokyo open.

      Although intra-day recovery suggests range trading is in store ahead of European open, as market perceives present suspected gov't cronyism scandal is yen supportive, selling dlr on intra-day recovery is still the favoured strategy for a stronger retracement of upmove from March's low at 105.25.
      Offers are tipped at 106.50/60 with some stops above 106.75.
      Bids are noted at 106.25/15 and more below with stops below 106.00.

      After release of last Friday's U.S. robust payrolls but tepid wage growth which subsequently had market turning short on the greenback, pay attention to U.S. core CPI data, market consensus for Feb M/M inflation to be 0.2% vs previous reading of 0.3%, if actual figure comes in at 0.2% or higher, then the dlr will rise broadly, if it is below street forecast, then one can expect more usd selling.

      AceTrader - Best Intra-day Forex Trading Strategies
      AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates


      .................................................. .............
      .................................................. .............


    13. The following 2 users say Thank You to Acetraderfx for this useful post.

      Unregistered (2)

    Reply to Thread
    Page 10 of 24 FirstFirst ... 5 8 9 10 11 12 15 ... LastLast

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts