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AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Sep 7 2015, 03:13 AM


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smile.gif AceTraderFx Sept 7: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK
Update Time: 07 Sep 2015 01:29 GMT

EUR/USD - 1.1160
Despite the greenback's rally to 121.74 last Friday, intra-day sharp retreat suggests the 1st leg of correction from last Monday's low at 116.15 has possibly ended there and consolidation with downside bias would be seen for weakness towards 118.92.
However, steep fall below there is unlikely to be seen today and reckon aforesaid support should remain intact and yield a rebound later.

On the upside, only above resistance at 120.92 would indicate above mentioned pullback has ended and turn outlook bullish for a re-test of 121.74.
  Forum: Traders' discussions · Post Preview: #209122 · Replies: 25 · Views: 7,075

AceTraderForex : Market Review & data to be released today
acetraderforex
Posted on: Sep 7 2015, 02:57 AM


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AceTraderFx: Intra-Day News and Views (USD/JPY) & data to be released today


Intra-day Market Moving News and Views
07 Sep 2015
00:53GMT

USD/JPY - ..... Although the greenback opened slightly lower in NZ today, price staged a rebound to 119.31 at Asian open.
However, renewed selling there due to increased concerns that Fed won't hike its rate in September meeting following the release of poor NFP data together with early fall in Nikkei-225 index pressured the pair lower and dlr dropped to 118.80.

Trading is likely to be relatively thin today due to U.S. labour market holiday. Some offers are seen at 119.20/30 and more above at 119.40/50 with stops building up above there whilst initial bids are noted at 118.50/60, suggesting choppy trading is envisaged till European open.
  Forum: Traders' discussions · Post Preview: #209120 · Replies: 370 · Views: 53,779

AceTraderForex : Market Review & data to be released today
acetraderforex
Posted on: Apr 22 2015, 03:46 AM


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smile.gif AceTraderFx Apr 22: Intra-Day News and Views (USD/JPY) & data to be released today


Intra-Day Market Moving News and Views
22 Apr 2015
02:21GMT

USD/JPY- ...... Despite dlr's retreat from 119.83 to 119.43 in NY session due partly to cross-buying in yen, price edged higher in NY afternoon and climbed to 119.78 in Wednesday's Tokyo morning on renewed broad-based buying in the greenback before easing.

Today, expect fund flows to dominate the market in Asia and buying dlr on dips is recommended due to the intra-day rise in Nikkei to a fresh 15-year high (N225 is currently up 1.07% to 20122).
However, 120.00 level may limit upside in early Europe as investors are awaiting the release of U.S. housing data, these include monthly home price and existing home sales at 13:00GMT and 14:00GMT respectively.

At the moment, bids are noted at 119.40-30 and then 119.10-119.00 with mixture of bids and stops located at 118.80-70.
On the upside, offers from various accounts are reported at 119.90-00 and around 120.10 with stops emerging just above 120.30.

Wednesday will see the release of Japan's export, import and trade balance, Australia's CPI, China's CB leading economic index, Bank of England vote outcome, Swiss ZEW investor sentiment, U.S. monthly home prices, existing home sales and eurozone consumer confidence.
  Forum: Traders' discussions · Post Preview: #207293 · Replies: 370 · Views: 53,779

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Apr 21 2015, 02:37 AM


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smile.gif AceTraderFx Apr 21: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 21 Apr 2015 01:22 GMT

EUR/USD - 1.0742
Despite euro's retreat after extending erratic rise from last Monday's 4-week trough at 1.0521 to 1.0849 Friday, as this move signals decline from March's peak at 1.1062 has formed a temporary low there, choppy trading with mild upside bias remains.
Reckon 1.0680/85 would contain weakness and yield rebound later.

Above 1.0805 (Monday's top in Europe) signals pullback over and bring another leg of correction to re-test 1.0849, break, 1.0880/90.
  Forum: Traders' discussions · Post Preview: #207278 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Apr 20 2015, 02:59 AM


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smile.gif AceTraderFx Apr 20: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 20 Apr 2015 01:17 GMT

EUR/USD - 1.0811
Despite euro's retreat after extending last week's upmove from 1.0521 (Monday) to 1.0849 Friday, subsequent rebound from 1.0734 in New York.
This suggests pullback has ended there and consolidation with upside bias remains, above said resistance anytime would bring stronger retracement of decline from March's peak at 1.1062 towards 1.0890/00.

On the downside, only a daily close below 1.0734 would indicate a top is possibly made and shift risk to downside for weakness towards 1.0685 and then 1.0640/50.
  Forum: Traders' discussions · Post Preview: #207267 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Apr 17 2015, 03:26 AM


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smile.gif AceTraderFx Apr 17: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 17 Apr 2015 01:20 GMT

EUR/USD - 1.0775
Euro's rally above Wednesdays high of 1.0747 to 1.0818 yesterday signals erratic rise from Monday's 4-week trough at 1.0521 to retrace the entire fall from March's peak at 1.1062 has resumed and further gain to 1.0855 (61.8% r of 1.1062-1.0521) would be seen.
However, near term overbought condition should prevent sharp move beyond there today and risk has increased for a strong retreat later.

On the downside, only a daily close below 1.0685 (yesterday's New York morning support) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25.
  Forum: Traders' discussions · Post Preview: #207239 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Apr 16 2015, 03:07 AM


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smile.gif AceTraderFx Apr 16: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
DAILY MARKET OUTLOOK

Update Time: 16 Apr 2015 01:09 GMT

Euro's intra-day breach of Tuesday's high of 1.0708 to 1.0746 shortly after Asian open signals erratic rise from Monday's 4-week trough at 1.0521 has resumed and further gain to 1.0778-1.0789 would be seen.
However, reckon 1.0803 (previous sup, now resistance) would cap upside due to near term loss of momentum and yield retreat later.

On the downside, only a move back below 1.0664 (Wed's NY afternoon sup) would indicate a top is possibly made and shift risk to downside for weakness towards 1.0615/25.
  Forum: Traders' discussions · Post Preview: #207224 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Apr 15 2015, 02:57 AM


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smile.gif AceTraderFx Apr 15: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 15 Apr 2015 01:23 GMT

EUR/USD - 1.0635
Despite euro's rally from 1.0532 to as high as 1.0708 on Tuesday, subsequent retreat suggests the rebound from Monday's near 1-month trough at 1.0521 has possibly ended there and consolidation with downside bias would be seen, a break of 1.0611 (previous resistance) would confirm this view and yield weakness to 1.0558/60, then re-re-test of 1.0521 later.

On the upside, only above 1.0708 would bring stronger retracement of recent erratic decline from March's peak at 1.1062 to 1.0738 and then 1.0778.
  Forum: Traders' discussions · Post Preview: #207209 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Apr 14 2015, 03:09 AM


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smile.gif AceTraderFx Apr 14: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 14 Apr 2015 01:12 GMT

Although euro's breach of previous key support at 1.0613 to 1.0567 last Friday and then 1.0521 in Europe yesterday signals correction from March's 12-year trough at 1.0457 has ended earlier at 1.1062.
Subsequent intra-day rebound to 1.0610 in New York suggests choppy consolidation would be seen before another decline to take place later this week.

Above 1.0610 would bring stronger gain to 1.0635 and then 1.0655/65 but 1.0684 resistance should cap upside.
On the downside, below 1.0521 would retain bearishness for a re-test of aforesaid low at 1.0457.
  Forum: Traders' discussions · Post Preview: #207191 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Apr 13 2015, 03:01 AM


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smile.gif AceTraderFx Apr 13: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 13 Apr 2015 01:13 GMT

EUR/USD - 1.0612
Euro's breach of previous key support at 1.0613 to 1.0567 last Friday signals correction from March's 12-year trough at 1.0457 has ended earlier at 1.1062 and consolidation with downside bias remains for further weakness to 1.0500/10, then 1.0457 later this week.

On the upside, only a move back above 1.0713 (previous support) would indicate a temporary low is made and shift risk to upside for gain towards 1.0778/89.
  Forum: Traders' discussions · Post Preview: #207179 · Replies: 25 · Views: 7,075

AceTraderForex : Market Review & data to be released today
acetraderforex
Posted on: Apr 10 2015, 03:52 AM


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smile.gif AceTraderFx Apr 10: Intra-Day News and Views (EUR/USD) & data to be released today


Intra-Day Market Moving News and Views
10 Apr 2015
02:34GMT

EUR/USD - ...... Euro gains respite temporary respite in Asia after clocking up 4 consecutive days of losses. Although euro tumbled on Thur below last week's low at 1.0713 to a fresh 2-1/2 week trough at 1.0637 in NY due to renewed broad-based strength in the greenback n comments from IMF head Christine Lagarde (see prev. update), short-covering lifted price near NY close n price recovered to 1.0684 in Asian morning on Fri.

Euro's weakness since the beginning of this week suggests selling the single currency on intra-day recovery is favoured today. At the moment, offers are tipped at 1.0685/90, 1.0700-10 n then 1.0735/40 with stops building above 1.0750, whilst bids are noted at 1.0650-40 with stops below 1.0600.

It was reported Greece could suffer if it were forced to default on its payments n exit the euro zone, while the currency bloc is better able to weather such a shock than it was 4 years ago, the head of the IMF said on Thursday.
"I think it would be a terrible situation for the Greek people," IMF MD Christine Lagarde said on CNBC in response to a question about a potential Greek exit from the currency bloc.
She added that the euro zone is now in a less vulnerable position due to its banking union n strengthened fiscal union.

Friday will see the release of China CPI, PPI, France industrial output, UK industrial output, manufacturing production, Canada housing starts, unemployment rate, U.S. export price index, import price index and Fed budget.
  Forum: Traders' discussions · Post Preview: #207163 · Replies: 370 · Views: 53,779

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Apr 9 2015, 02:43 AM


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smile.gif AceTraderFx Apr 9: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 09 Apr 2015 01:03 GMT

EUR/USD - 1.0765

Yesterday's breach of Tuesday's low at 1.0803 to 1.0763 signals price would continue to gyrate inside early broad range of 1.1062-1.0613 and downside bias is seen for decline from Monday's high of 1.1036 to pressure price to 1.0713 before rebound occurs due to near term loss of momentum.

On the upside, only a move above 1.0887 (yesterday's high) would indicate a low made and bring gain towards resistance at 1.0955.
  Forum: Traders' discussions · Post Preview: #207134 · Replies: 25 · Views: 7,075

AceTraderForex : Market Review & data to be released today
acetraderforex
Posted on: Apr 8 2015, 03:10 AM


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smile.gif AceTraderFx Apr 8: Intra-Day News and Views (GBP/USD) & data to be released today


Intra-Day Market Moving News and Views
08 Apr 2015
01:48GMT

GBP/USD - ..... Cable showed muted reaction to release of downbeat U.K. data in Australia. Reuters reported Prices in British shops fell last month at the fastest rate since records began more than 8 years ago, pulled down by a sharp decline in food prices, the British Retail Consortium said on Wed.

The BRC said retail prices in March were 2.1% lower than a year earlier, marking the largest decline in shop prices since the series started in December 2006. Prices had fallen 1.7% in Feb.
Food prices declined 0.9%, the steepest drop on record, compared with a 0.4% fall the previous month.

The BRC said this boded well for the economy, with strong consumer confidence n falling prices likely to tempt Britons into spending on the high street. Consumer price inflation fell to zero in Feburary for the first time on record. Economists think it may have fallen below zero in March.

Yesterday although the British pound traded with a firm bias in Asia and gained to session high at 1.4920 at European open, price tumbled in tandem with euro to session low at 1.4830 in European morning. However, price pared its losses n rebounded to 1.4912 in NY morning before retreating again in NY afternoon to 1.4840.

Data to be released on Wednesday:

Japan current account, BoJ rate decision, BoJ policy statement, France exports, imports, trade balance, Swiss CPI, EU retail sales and U.S. FOMC minutes.
  Forum: Traders' discussions · Post Preview: #207118 · Replies: 370 · Views: 53,779

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Apr 2 2015, 02:42 AM


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smile.gif AceTraderFx Apr2: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 02 Apr 2015 01:12 GMT

EUR/USD - 1.0757

Euro's sell off from last Thursday's high of 1.1052 to as low as 1.0713 Tuesday due to worries over Greece debts signals price would continue to gyrate inside early established broad range of 1.1062-1.0613.

Despite yesterday's intra-day rebound to 1.0800, reckon 1.0845 would limit upside and yield another decline later, below 1.0713 would extend weakness to 1.0695 but near term loss of momentum should keep price above support at 1.0656 today.

On the upside, only a daily close above 1.0845 would confirm a low is made and yield gain towards 1.0900 before prospect of a retreat.
  Forum: Traders' discussions · Post Preview: #207042 · Replies: 25 · Views: 7,075

AceTraderForex : Market Review & data to be released today
acetraderforex
Posted on: Apr 1 2015, 02:40 AM


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smile.gif AceTraderFx Apr 1: Intra-Day News and Views (USD/JPY) & data to be released today


Intra-Day Market Moving News and Views
01 Apr 2015
00:28GMT

USD/JPY - ..... Breaking news on Reuters quoting comments from BoJ official who says :
Tankan show big manufacturers, non-manufacturers see labour market conditions at tightest levels since 2008;
tankan indexes show small manufacturers, non-manufacturers see labour conditions at tightest levels since 1992.

It reported earlier confidence among big Japanese manufacturers held steady in the 3 months to March and is expected to worsen slightly ahead, a closely watched central bank survey showed, in a worrying sign for the government's efforts to boost the economy.

The headline index for big manufacturers' sentiment was unchanged from 3 months earlier at plus 12 in March, the Bank of Japan's quarterly "tankan" survey showed on Wednesday.

That compared with the median estimate of plus 14 in a Reuters poll of economists.

Big firms plan to cut capital expenditures by 1.2% in the fiscal year that starts April 1, the survey showed. Companies tend to be cautious about capital spending plans at the beginning of a new fiscal year and often revise them up as the year progresses.

The tankan's sentiment indexes are derived by subtracting the number of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.

Wednesday will see the release of Japan's tankan index, Australia's building approvals, China NBS manufacturing and non-manufacturing PMI, German and eurozone manufacturing PMI, U.K. manufacturing PMI, U.S. ADP employment, ISM manufacturing and construction spending.
  Forum: Traders' discussions · Post Preview: #207020 · Replies: 370 · Views: 53,779

AceTraderfx : DAILY TECHNICAL OUTLOOK ON Majors
acetraderforex
Posted on: Mar 31 2015, 10:46 AM


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smile.gif AceTraderFx Mar 31: Daily Technical Outlook & Trading Ideals USD/CHF


DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 31 Mar 2015 00:18GMT

Trend Daily Chart
Sideways

Daily Indicators
Turning down

21 HR EMA
0.9666

55 HR EMA
0.9643

Trend Hourly Chart
Near term up

Hourly Indicators
Rising

13 HR RSI
58

14 HR DMI
+ve

Daily Analysis
Choppy consolidation to continue

Resistance
0.9796 - Last Mon's Asian high
0.9729 - Mar 20 low (now res)
0.9693 - Last Fri's high

Support
0.9605 - Y'day's low
0.9558 - Last Fri's low
0.9536 - Last Tue's low

. USD/CHF - ...... Although the greenback traded sideways in Asia n briefly edged lower to 0.9605 in European morning, price swiftly rose to 0.9674 b4 retreating. However, dlr found renewed buying at 0.9620 in NY morning n gained to session high at 0.9689, helped by upbeat U.S. pending home sales data.

. Looking at the hourly n daily charts, dollar's strg rebound fm last wk's low at 0.9491 (Thur) to 0.9693 last Fri suggests the early 3-legged decline fm Mar's 2-month peak at 1.0129 has made a temporary low there n choppy trading with upside bias is seen. Abv 0.9693 wud extend gain twd 0.9729 (prev. sup, now res), then twds 0.9738, being the 50% r of fall fm 0.9984-0.9491, however, strg rise abv there is unlikely to be seen this week n reckon res 0.9796 wud remain intact n yield retreat later. On the downside, only below 0.9491 wud revive bearishness for a stronger retrace. of upmove fm Jan's 40-month trough at 0.7360 twds to 0.9448/50 (26 Feb low n 38.2% r of 0.8352 to 1.0129 resp.).

. Today, as current price is trading abv 21-hr n 55-hr emas, suggesting consolidation with upside bias remains, however, as hourly oscillators wud display bearish divergences on next rise, reckon 0.9729 wud hold on 1st testing.
  Forum: Traders' discussions · Post Preview: #207017 · Replies: 158 · Views: 35,117

AceTraderForex : Market Review & data to be released today
acetraderforex
Posted on: Mar 31 2015, 02:54 AM


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smile.gif AceTraderFx Mar 31: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 31 Mar 2015 01:39 GMT

EUR/USD
- 1.0822

Yesterday's erratic decline to 1.0810 due to renewed market concerns over Greek debt suggests euro's early rebound from last Friday's 1.0801 low, although strong, had ended at 1.0949 and decline from last week's peak at 1.1052 (Thursday) would resume towards chart objective at 1.0767 after consolidation.

However, loss of downward momentum should keep price above 1.0742/46 and risk has increased for a retracement of aforesaid fall later today or tomorrow.

On the upside, a firm rise above Monday's European high would be the 1st signal a low is in place and risk gain to 1.0910/20 and then later towards 1.0949.
  Forum: Traders' discussions · Post Preview: #207008 · Replies: 370 · Views: 53,779

AceTraderForex : Market Review & data to be released today
acetraderforex
Posted on: Mar 30 2015, 02:50 AM


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smile.gif AceTraderFx Mar 30: Intra-Day News and Views (GBP/USD) & data to be released today


Intra-Day Market Moving News and Views
30 Mar 2015
00:07GMT

GBP/USD - .... Cable briefly rebounded to intra-day high of 1.4901 ahead of Asian open on Monday on news of ruling Conservative party has a 4- point lead ahead of the Labour party.

Reuters reported earlier British PM David Cameron's Conservatives have taken a 4 point lead over the opposition Labour Party on the eve of the start of official campaigning for a May 7 national election, a poll showed late on Sunday.

The poll, by ComRes for ITV News and the Daily Mail newspaper, gave the Conservatives their largest lead in the polling series since September 2010.

It put them on 36%, up 1 point from last week, Labour on 32%, down 3 points, the Liberal Democrats on 9%, UKIP on 12%, n the Greens on 5%.

Underlining how volatile the election is, an earlier poll on Sunday showed Labour Party has taken a 4 point lead over Cameron's Conservatives after the first TV encounter of the campaign.

This week will see the release of New Zealand Westpac consumer survey, German Buba monthly report, U.S. existing home sales and eurozone consumer confidence flash on Monday.

Australian CB leading index, China HSBC manufacturing PMI, German and eurozone Markit manufacturing and services PMI, U.K. CPI, PPI and RPI, U.K. DCLG house price, U.S. core CPI, Redbook, Markit manufacturing PMI and new home sales on Tuesday.

New Zealand trade balance, Swiss UBS consumer indicator, German Ifo business climate, U.S. durable goods and SNB quarterly bulletin on Wednesday.

German GfK consumer sentiment, U.K. retail sales and CBI distributive trades, U.S. jobless claims and Markit services PMI on Thursday.

Japan's household spending, CPI, unemployment rate and retail sales, U.K. Nationwide house price, Germany import price index, U.S. non-farm payrolls, unemployment rate, U.S. final GDP and University of Michigan consumer sentiment index on Friday.
  Forum: Traders' discussions · Post Preview: #206996 · Replies: 370 · Views: 53,779

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Mar 27 2015, 03:06 AM


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smile.gif AceTraderFx Mar 27: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 27 Mar 2015 01:05 GMT

Despite euro's rally to 1.1052 in Europe yesterday, price retreat after being capped below last Wednesday's post-FOMC high at 1.1062 and then tumbled to 1.0856 in New York.
This suggests further choppy trading inside recent broad range of 1.1062-1.0613 would continue and consolidation with downside bias is seen for weakness towards 1.0830/40 before prospect of a rebound.

On the upside, only above 1.0940/50 would indicate a low is possibly made and bring gain towards 1.1000.
  Forum: Traders' discussions · Post Preview: #206971 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Mar 26 2015, 03:01 AM


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smile.gif AceTraderFx Mar 26: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 26 Mar 2015 01:13 GMT

Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 Tuesday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and despite subsequent sell off to 1.0891.
Yesterday's rebound to 1.1014 suggests consolidation with upside bias remains but only above 1.1062 would extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.

Below 1.0890 would indicate a temporary top is made and shift risk to downside for weakness to 1.0834 but support at 1.0767 should remain intact.
  Forum: Traders' discussions · Post Preview: #206956 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Mar 25 2015, 03:10 AM


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smile.gif AceTraderFx Mar 25: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK EUR/USD

Update Time: 25 Mar 2015 01:11 GMT

Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier, subsequent intra-day sell off to 1.0891 in New York suggests further choppy trading would be seen and near term downside bias is seen for weakness towards 1.0820/30.
However, reckon sup at 1.0767 would hold and bring rebound later.

Looking ahead, above 1.1062 is needed to extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.
  Forum: Traders' discussions · Post Preview: #206943 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Mar 24 2015, 03:15 AM


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smile.gif AceTraderFx Mar 24: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 24 Mar 2015 01:12 GMT

EUR/USD - 1.0936

Euro's rally from last Thursday's low at 1.0613 to as high as 1.0972 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.
Looking ahead, above 1.1062 is needed to extend erratic up move from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.

On the downside, below 1.0882 (Friday's high, now support) would prolong choppy trading but reckon 1.0834 would contain pullback.
  Forum: Traders' discussions · Post Preview: #206930 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Mar 23 2015, 02:36 AM


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smile.gif AceTraderFx Mar 23: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD
Update Time: 23 Mar 2015 01:06 GMT
EUR/USD - 1.0815

Euro's rally from last Thursday's low at 1.0613 to as high as 1.0882 last Friday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier and consolidation with upside bias remains.
A daily close above 1.0920 would encourage for gain towards 1.1000 but said temporary is likely to hold this week.

Looking ahead, only above 1.1062 would extend erratic up move from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.

On the downside, below 1.0695 would prolong choppy trading but above mentioned support at 1.0613 should remain intact.
  Forum: Traders' discussions · Post Preview: #206916 · Replies: 25 · Views: 7,075

AceTraderforex : Daily Market Outlook on Majors EUR/USD
acetraderforex
Posted on: Mar 20 2015, 02:59 AM


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smile.gif AceTraderFx Mar 20: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major EUR/USD

Update Time: 20 Mar 2015 00:48 GMT

EUR/USD - 1.0663

Despite euro's rally from 1.0580 to as high as 1.1062 Wednesday, renewed broad-based strength in greenback pressured price sharply from there and the single currency tumbled to 1.0613 in yesterday New York.
This is suggesting the said correction has ended and choppy trading with downside bias would be seen.

Looking ahead, a daily close below 1.0551 support would confirm this view and bring re-test of the said temporary low later this month.

On the upside, only above 1.0820 (previous support) would prolong choppy trading but reckon resistance at 1.0920 would remain intact.
  Forum: Traders' discussions · Post Preview: #206893 · Replies: 25 · Views: 7,075

AceTraderForex : Market Review & data to be released today
acetraderforex
Posted on: Mar 19 2015, 03:02 AM


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smile.gif AceTraderFx Mar 19: Intra-Day Market Moving News and Views (EUR/USD)


Intra-Day Market Moving News and Views

19 Mar 2015
00:01GMT

EUR/USD - ....... Reuters reported Greece faces a liquidity problem and needs the cooperation of its European lenders to deal with a possible cash crunch, its deputy prime minister said.
Greece has been kept afloat since 2010 by EU/IMF bailouts totaling 240 bln euros and risks running out of cash in weeks amid a widening rift with its creditors.

"We haven't received any (bailout) tranches since August 2014 but we have been meeting all of our obligations," Deputy PM Yannis Dragasakis told Greek Alpha TV. "This has its limits."

Asked whether Greece risked running out of cash if it does not reach a deal with its lenders, Dragasakis said:

"Of course we have a liquidity problem, for the reason I mentioned. We have obligations which, in order for us to meet, we need the good cooperation of the European institutions."

Dragasakis ruled out early elections or a referendum should Athens's negotiations with the euro zone fail. "There are some things that we need to keep in the back of our minds ... (however) neither elections nor a referendum are on the table at the moment," he said, without elaborating on what the referendum might be on.

Earlier news on Reuters quoting comments from Greek deputy PM who says :
-Greece has a liquidity problem, we need good cooperation with EU partners to meet our obligations.
-grexit does not concern us, it is not an option for our government.
-a referendum is not on the table at the moment.

Yesterday European Council President Donald Tusk confirmed he would hold talks with the leaders of France, Germany and Greece and the heads of the European Central Bank and the euro group on Thursday to discuss the Greek debt crisis.
President Francois Hollande, Chancellor Angela Merkel and Prime Minister Alexis Tsipras as well as the ECB's Mario Draghi will participate in the meeting, while Jeroen Dijsselbloem will also be present, a spokesman for Tusk said.
The talks will take place on the sidelines of an EU summit in Brussels.
  Forum: Traders' discussions · Post Preview: #206879 · Replies: 370 · Views: 53,779

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