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  1. #11
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    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
    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.

  2. #12
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    Smile AceTraderFx Apr 14: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-Day Market Moving News and Views
    14 Apr 2015
    02:32GMT

    GBP/USD - ...... Cable strengthened after a brief drop to 1.4661 in Australia n price penetrated NY res at 1.4682 in Asian morning before retreating to 1.4666 due partly to cross-selling in sterling vs yen.

    As yesterday's intra-day rebound from a fresh near 5-year trough at 1.4566 on short-covering strongly suggests recent losing streak has made a temporary low there, buying the British pound on intra-day pullback is favoured today.
    Having said that, investors should pay close attention to the release of a slew of U.K. economic data at 08:30GMT (CPI, PPI, RPI and DCLG House Price Index).

    At present, bids are noted at 1.4660-50 and around 1.4630 with mixture of bids and stops emerging below 1.4610.
    On the upside, offers are placed at 1.4700-10, 1.4725/30 and more at 1.4740-50 with stops located just above 1.4750.

    Tuesday will see the release of New Zealand NZIER confidence, U.K. BRC retail sales, Australia's NAB business confidence, Germany's WPI, U.K. CPI, PPI and RPI, eurozone industrial production, U.S. retail sales, Redbook and business inventories.

  3. #13
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    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
    02:48GMT

    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.

  4. #14
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    Smile AceTraderFx May 26: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    26 May 2015
    02:27GMT

    GBP/USD - .... Cable languishes above intra-day 2-week low of 1.5432 after falling in tandem with eur/usd at Asian open, triggering stops below 1.5455 and 1.5445 on the way down.
    However, sterling's decline is relatively less severe as compared to euro as eur/gbp cross pair is trading near Monday's fresh 2-month low at 0.7073.

    Looks like cable would track intra-day swings in eur/usd in European morning as the only U.K. data due out is CBI distributive trades which will be released at 10:00GMT.
    Order book is pretty thin due to closure of U.K. markets on Monday for Spring Bank holiday, now, offers are tipped at 1.5460/70 and more above with stops touted at 1.5510.
    Some bids are touted at 1.5430-20 with some stops below 1.5390.

    Data to be released on Tuesday:

    New Zealand's trade balance, U.K. CBI distributive trades, U.S. durable goods, Redbook, monthly house price index, CaseShiller 20 MM, consumer confidence and new home sales.

  5. #15
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    Smile AceTraderFx May 29: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    29 May 2015
    02:51GMT

    GBP/USD- ..... Although cable fell to a fresh 3-week trough at 1.5260 following the release of weaker-than-expected UK GDP data (2nd reading) in Europe on Thursday, the British pound rebounded in tandem with euro during the NY session and then climbed to 1.5343 in Asian morning on Friday.

    Due to lack of important U.K. economic data today, the British pound is likely to follow intra-day swings in the euro. As investors have shrugged off the poor reading of Gfk consumer confidence for U.K. reported released earlier in Asia on Friday, buying the British pound on dips is recommended.

    At present, bids from various accounts are reported at 1.5325/20, 1.5310/05 and then around 1.5300 with mixture of bids and stops at 1.5280-70.
    On the upside, cross-related offers are tipped at 1.5345/50 and more at 1.5360-70 with release selling interest noted further out around 1.5400 .

    Friday will see the release of New Zealand's building consents, U.K. GfK consumer confidence, Japan's CPI, household spending, unemployment rate, industrial production and IP forecast, Australia's HIA new home sales, Japan's construction orders, housing starts, Swiss GDP and KOF indicators, Canada's GDP and U.S. Chicago PMI.

  6. #16
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    Smile AceTraderFx Jun 10: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    10 Jun 2015
    02:32GMT

    GBP/USD - ...... The British pound tracked euro's intra-day swing closely on Tuesday and despite falling from Asian high of 1.5375 to as low as 1.5257 in NY morning, price rebounded and then rallied to 1.5389, helped by active cross-buying in sterling vs euro and yen. Cable later edged higher to 1.5400 at Asian open on Wednesday before easing.

    Expect the pound to move closely with euro until the release of UK industrial data in European morning at 08:30GMT.
    Street forecast for both UK industrial output and manufacturing output in May to slow down to 0.1% from previous reading of 0.5% and 0.4% respectively.

    Later in NY session, we will see release of UK GDP estimate over the last 3 months by the National Institute of Economic and Social Research which is highly reliable and would influence the UK monetary policy.
    In addition, investors should pay attention to the speeches by UK FinMin George Orsborne n BoE's Mark Carney near NY close at 20:00GMT (see early udpate for details).

    At the moment, bids are reported at 1.5370-60 n around 1.5350 with mixture of bids and stops at 1.5330-20, whilst offers are tipped at 1.5410/15 and then 1.5430-40 with stops just above last week's top at 1.5441.

    Wednesday will see the release of Japan's machinery orders, Australia's Westpac consumer confidence, U.K. industrial and manufacturing output, NIESR GDP estimate and U.S. Federal budget.

  7. #17
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    Smile AceTraderFx Jun 16: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    16 Jun 2015
    02:49GMT

    GBP/USD - ..... Cable tracked euro's intra-day swing closely on Mon but intra-day's rally extended more compared to other European ccys. The British pound rose to a fresh 3-week high of 1.5614 vs the USD in NY afternoon due to active cross-buying in sterling vs yen (gbp/jpy rose to a fresh 6-year peak a t 192.66 on Mon) and then retreated to 1.5587 at Asian open on Tuesday before rebounding.

    Today's focus for the British pound is on the release of UK's CPI, PPI, RPI and DCGL house price index at 08:30GMT.
    Market expects the UK's inflation in May to be 0.2% m/m adn 0.1% y/y compare to previous readings of 0.2% and -0.1% respectively.

    At present, bids are noted at 1.5590-80 and around 1.5570 with stops below 1.5550, whilst offers are reported at 1.5620/25, 1.5645/50 and then 1.5670-80 with stops building just above 1.5700.

    Tuesday will see the release of Australian RBA meeting minutes, Germany's CPI and HICP, U.K. CPI, PPI, RPI and DCLG house price index, ZEW economic sentiment, Eurozone employment change, U.S. building permits, housing starts and Redbook.

  8. #18
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    Smile AceTraderFx Jun 23: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    23 Jun 2015
    03:00GMT

    GBP/USD - ..... Despite cable's sideways move in NY afternoon after early intra-day sell off from 1.5910 to 1.5806 on Monday, the pair tumbled again after meeting renewed selling at 1.5831 ahead of Asian open on Tuesday and then staged a sudden sell off to 1.5766 in part due to cross-selling in sterling.

    Due to the thin U.K. economic calendar today, fund flow should dominate the market and the British pound is expected to track euro's intra-day swing closely.
    Having said that, The Confederation of British Industry will release its survey on U.K. industrial trend for Jun at 10:00GMT and its is estimated to turn back into positive figure at 1 vs -5 in preceding month.

    At present, fresh offers are building up at 1.5790-1.5810 region with mixture of offers and stops at 1.5830-40.
    On the downside, bids are placed at 1.5750-40 and more around 1.5720 with demand from real money accounts at 1.5700.

    Tuesday will see the release of Australia's CB leading index and home price index, China's HSBC manufacturing PMI, Germany's and eurozone Markit manufacturing PMI and services PMI respectively, U.K. inflation report hearing and CBI trends, U.S. durable goods, Redbook, monthly home price and new home sales.

  9. #19
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    Smile AceTraderFx Jun 24:Intra-day Market Moving News and Views (GBP/USD)

    Intra-day Market Moving News and Views

    24 Jun 2015
    07:00GMT
    GBP/USD - ..... Cable ratcheted higher after meeting renewed buying at 1.5724 in Aust. and then rallied to 1.5803 in European morning due to active cross-buying in sterling before easing. (EUR/GBP fell from 0.7113 to 0.7085 whilst GBP/YEN rose from 194.88 to 195.78)

    At present, stops located above 1.5810 are now in focus but selling interest from various accounts is noted in 1.5830-40 region.
    On the downside, bids are building up at 1.5770-60 and more around 1.5750 with mixture of bids and stops at 1.5730-20.

  10. #20
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    Smile AceTraderFx Jun 30: Intra-Day News and Views (GBP/USD) & data to be released today

    Intra-day Market Moving News and Views
    30 Jun 2015
    03:09GMT

    GBP/USD - ..... Cable showed muted reaction to early release of upbeat U.K. consumer confidence. Reuters reported British consumer morale surged to its highest in over 15 years this month as shoppers said they were ready to spend, a survey showed on Tuesday, adding to signs that growth is picking up after a weak start to the year.

    Although cable rebounded in tandem with euro on Monday and ratcheted higher from a 2-week trough at 1.5645 (NZ) to 1.5789 near European close, active cross-selling in sterling especially vs euro knocked price down to 1.5720.
    Later, cable briefly rebounded to 1.5762and then moved in a relatively narrow range of 1.5722-1.5733 in NY afternoon and as well as in Asian morning on Tuesday.

    If the actual readings of the UK GDP are higher than forecasts, then we may see a boost higher in the British pound across the board and therefore, buying cable on intra-day dips is recommended.
    At present, bids are noted at 1.5700-1.5690 and more around 1.5670 with mixture of bids and stops at 1.5650-40.
    On the upside, offers are reported at 1.5745/50, 1.5760-70 and then 1.5785/90 with stops building up just above 1.5800.

    Tuesday will see the release of U.K. GfK consumer confidence, New Zealand NBNZ business outlook, Australia's HIA new home sales, Japan's construction order and housing starts, Germany's retail sales, Swiss KOF indicator, Germany's unemployment rate, U.K. current account, GDP, inflation report hearings, Canada's GDP, U.S. Redbook, Chicago PMI and consumer confidence.

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