AceTraderFx Nov 5: Intra-Day Market Moving News and Views (GBP/USD) - Page 3
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  1. #21

    Smile 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

    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.

  2. #22

    Smile AceTraderFx Apr 9: Intra-Day Market Moving News and Views (GBP/USD)

    Intra-Day Market Moving News and Views
    09 Apr 2015

    GBP/USD - ...... Cable tumbled in European morning due to active cross-selling in sterling n price easily penetrated Tuesday's low at 1.4803 to 1.4769 after triggering stops which were located below 1.4800.

    Although intra-day weakness suggests consolidation with downside bias would be seen in European morning, sharp move from here is not unlikely as short-covering should emerge ahead of BoE monetary policy decision at 11:00GMT (although market expect it will be non-event).

    Offers from various accounts are noted at 1.4800-10, 1.4825/30 and then 1.4840-50 with stops emerging above 1.4870, whilst bids are placed at 1.4750-40 and then 1.4730-20 with stops located just below 1.4700.

    The British house price growth rebounded in monthly terms during March but slowed further on an annual basis, according to a survey from mortgage lender Halifax on Thursday.
    Halifax said house prices rose 0.4% in Mar from Feb, compared with a forecast for a rise of 0.2% in a Reuters poll. Prices had declined by 0.4% in Feb, a sharper fall than first estimated.
    Prices in the 3 months to March were 8.1% higher than they were a year earlier, compared with an increase of 8.3% in the 3 months to Feb n below a peak of more than 10% in mid-2014.

  3. #23

    Smile AceTraderFx Apr 24: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-Day Market Moving News and Views
    24 Apr 2015

    GBP/USD - ....... Cable rebounded strongly on Thursday after a brief drop to 1.4960 in Europe after U.K. retail sales missed estimates. Despite subsequent rally to session high of 1.5070 in NY afternoon, selling interest below Wednesday's 5-week peak at 1.5080 capped intra-day gain at 1.5070 n price subsequently retreated to 1.5042 at Asian open and then marginally lower to 1.5036.
    Due to the absence of U.K. economic events on Friday, the British pound is likely to track euro's intra-day move closely, however, near term 'active' unwinding in eur/gbp cross (eur/gbp rallied from 0.7111 to 0.7198 on Thur) should weigh on the demand on cable today.

    At the moment, offers are tipped at 1.5060-70, 1.5080-90 n more around 1.5100 with mixture of offers n stops located at 1.5120-30, whilst bids from various accounts are placed at 1.5010-00 and then 1.4980-70 with stops emerging just below yesterday's low at 1.4660.

    Reuters reported earlier BoJ Governor Haruhiko Kuroda said that the country's trend inflation is steadily improving due to a tightening output gap and rising inflation expectations.
    Kuroda, speaking in parliament, said the output gap is estimated around zero and will continue to improve ahead, while anchoring inflation expectations near 2% is very important in achieving the central bank's price stability goal.

    Friday will see the release of Germany's Ifo business climate and U.S. durable goods.

  4. #24

    Smile AceTraderFx Apr 27: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    27 Apr 2015

    GBP/USD - ...... Although the British pound rallied to a fresh 6-week high of 1.5188 at Friday's NY close, price moved sideways in subdued Asian trading.

    Although recent broad-based weakness in the greenback has pushed price sharply higher from its Apr's fresh near 5-year trough at 1.4566 and buying the British pound on dips is recommended, profit should be taken on next up move as the uncertainty ahead of Britain's May 7 election (see previous MMN updates) should cap upside below 1.5500 level this week. Major U.K. economic data for the pound is the release of preliminary Q1 GDP tom where forecast for annual 2.6% increase vs previous reading of 3.0%.

    At the moment, bids are noted at 1.5160-50 and then 1.5130-20 with mixture of bids and stops located at 1.5100-1.5090.
    On the upside, offers from profit-taking are located at 1.5190-00 and more at 1.5220-30 with real selling interest emerging just above 1.5250.

  5. #25

    Smile AceTraderFx May 4: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    04 May 2015

    GBP/USD - ...... Cable tracked euro's intra-day move closely as despite staging a bounce to 1.5175 shortly after European open, renewed broad-based rebound in the greenback knocked price down to 1.5125. However, cross-buying in sterling vs euro ltd intra-day weakness there so far n cable recovered to 1.5153.

    As mentioned in previous update, offers from various accounts are located at 1.5170-80 and more at 1.5195/00 and 1.5220-30 with mixture of offers and stops located at 1.5240-50.
    On the downside, bids are placed at 1.5125/20 and then 1.5115/10 with demand from real money accounts reported at 1.5100 and further out at 1.5050.

  6. #26

    Smile AceTraderFx May 8: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    08 May 2015

    GBP/USD - ...... Cable finally pares intra-day strong up move at European open after price spiked to 1.5448 in Australia from NY close of 1.5240 on what many put it as 'relief rally' after exit poll showed the ruling Conservative partly took a strong lead in the election. Despite minor knee-jerk price action in early Asian trading, the pound surged again above April's 1.5498 peak to a 2-month top of 1.5523 near Asian midday before coming off on broad-based long liquidation in sterling.

    Looks like 1.5523 should be high print for the day until the release of key U.S. payrolls data n the upcoming U.K. trade balance at 08:30GMT is likely to be ignored.

    Offers are tipped at 1.5490/00 and more above, initial bids are noted at 1.5420/00 with stops below there, more bids are touted at 1.5380-70 with stops below 1.5350.
    So trading cable on both sideways of the market ahead of said U.S. NFP data is the way to go.

  7. #27

    Smile AceTraderFx May 11: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    11 May 2015

    GBP/USD - ....... Cable moves in a volatile fashion in European morning as investors are reluctant to enter large position ahead of BoE monetary policy decision at 11:00GMT.
    Despite edging higher from Asian low at 1.5405 in tandem with euro to 1.5335 at European open, cross-selling in sterling knocked price down to 1.5393 before staging another bounce to 1.5431.

    At present, offers are touted at 1.5450-60 and around 1.5480 with a mixture of offers and stops at 1.5490-00.
    On the downside, bids are reported at 1.5390/85 and then 1.5375/70 with stops building up below 1.5355 (reaction low from Fri's fresh 2-month peak at 1.5523).

  8. #28

    Smile AceTraderFx May 18: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    18 May 2015

    GBP/USD - ..... Despite cable's intra-day strg rebound from 1.5702 to 1.5809 in NY session on Friday, active cross-selling in sterling, especially vs euro, knocked price down to 1.5721 near NY close.
    Cable opened higher at 1.5745 in NZ today and then fell to 1.5707 in tandem with eur/usd after Asian open.

    Due to lack of important U.K. economic data today, the British pound is likely to follow intra-day swings in the euro.
    Earlier, property tracking website Rightmove said on Monday that the average asking price for a new house in the UK was down 0.1% on month in May.
    On a yearly basis, house prices advanced 2.5%, slowing from 4.7% in the previous month.

    At present, bids are reported at 1.5710-00 with stops below there.
    On the upside, offers are located at 1.5750-60 and more above with some stops above 1.5820.

    This week will see the release of U.K. Rightmove house price, Japan's machinery orders, China house prices, Japan's capacity utilization index, industrial output and tertiary industry index, Swiss retail sales, Germany's Buba monthly report and U.S. NAHB housing market index on Monday.

    New Zealand's PPI, Australia's CB leading indicator and RBA meeting's minutes, U.K. CPI, PPI, RPI and DCLG house price index, Germany's ZEW economic sentiment, eurozone inflation report, U.S. building permits, housing starts and Redbook on Tuesday.

    Japan's GDP, Australia's Westpac consumer confidence, Germany's producer prices, ECB's meeting, U.K. MPC vote outcome, Swiss ZEW investor sentiment, Canada's wholesales trade and FOMC minutes on Wednesday.

    Australia's consumer inflation expectation, Japan's Nomural/JMMA Mfg PMI, New Zealand's budget cash balance, Japan's all industry activity, Germany's and eurozone Markit comp., service and manufacturing flash PMI respectively, U.K. retail sales, CBI trend trade, U.S. initial jobless claims, Chicago Fed actively index, Philly Fed business index and existing home sales on Thursday.

    Japan's Tankan DI, China's CB leading economic index, Bank of Japan monetary policy statement and press conference, Germany's GDP, Ifo business climate, U.K. PSNCR, U.S. CPI, Canada's CPI and retail sales on Friday.

  9. #29

    Smile AceTraderFx May 20: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    20 May 2015

    GBP/USD - ....... Although cable tracked euro's intra-day swing closely and fell from Asian high of 1.5524 to 1.5473 in European morning, price then chopped inside 1.5472-1.5499 as investors were reluctant to enter large positions ahead of the BoE minutes and MPC vote outcome at 08:30GMT.

    At present, bids are reported at 1.5470-60 with mixture of bids and stops at 1.5450-40.
    On the upside, offers from various accounts are placed at 1.5520-30 and then 1.5545/50 with stops building up just above 1.5550.

    This morning as cable has rebounded after an initial 'euro-led' brief retreat to 1.5495 in Asian morning, suggesting consolidation was seen ahead of European open, and selling cable was still the way to go.
    However, investors would have pay attention to the release of BoE minutes and the MPC vote outcome at 08:30GMT.

  10. #30

    Smile AceTraderFx May 21: Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views
    21 May 2015

    GBP/USD - .... Despite cable's brief retreat to 1.5525 shortly after European open, price rallied to as high as 1.5667 after data showed retail sales in the U.K. rose much more than expected in last month, fuelling optimism over the country's economic outlook.

    The U.K. ONS said on Thur that retail sales in U.K. increased by a seasonally adjusted 1.2% in Apr, easily surpassing forecasts for a gain of 0.4%. Retail sales in March fell by 0.7%, whose figure was revised from a previously reported decline of 0.5%. Year-on-year, retail sales increased at an annualized rate of 4.7% in April, beating expectations for a 3.8% gain, after rising at a rate of 4.0% in March.

    Earlier cable also moved in a choppy fashion in NY afternoon after Federal Reserve provided further indications in its latest minutes that it will wait past June before raising its benchmark interest rate for the first time in nearly a decade.
    This morning price tanked briefly to 1.5493 and then rallied to 1.5567 before retreating to 1.5528 at Australian opening.

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