Forex Trading Signal for 3rd July 2013

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

 Down Trend :

 (1) SELL

E/P: 1.30025

T/P: 1.29700

S/L: 1.30400

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GBP/USD

Up Trend:

(1) Buy

E/P: 1.51526

T/P: 1.52000

S/L: 1.51000

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USD/JPY

Up Trend:

(1) BUY

E/P: 100.283

T/P: 100.500

S/L: 99.900

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USD/CHF

UP Trend:

(1) BUY

E/P: 0.94967

T/P: 0.95200

S/L: 0.94600

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
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Data points drag Asian stocks lower; Nikkei down 0.68%

A spate of data points out Wednesday sent Asian stocks lower, a day after U.S. equities did the same. 

In Asian trading Wednesday, Japan’s Nikkei 225 fell 0.68% after Japan’s Composite Output Index fell to 52.3 last month from 54.1 in May. 

"At 52.1, the index signalled a solid increase in service sector output. However, by falling from May’s record high of 54.8, the rate of growth implied by the index was slower than during the previous month. Continued growth of service sector activity was accompanied by a fourth consecutive monthly rise in manufacturing output," according to a statement by Markit Economics. 

Hong Kong’s Hang Seng dropped 1.49% while the Shanghai Composite shed 1.50% after the China Federation of Logistics and Purchasing said the country’s official non-manufacturing Purchasing Managers' Index fell to 53.9 in June from 54.3 in May. The business expectations sub-index slipped to 61.8 from 62.9. 

Readings above 50 indicate expansion. The data is based on survey responses from executives at 1,200 non-manufacturing firms in 27 industry groups. 

Australia’s S&P/ASX 200 dropped 1.4% the Australian Bureau of Statistics said that Australian retail sales rose 0.1% last month after falling 0.1% in May. Analysts expected a June increase of 0.3%. Materials and consumer discretionary names were among the laggards in Sydney. 

New Zealand’s Straits Times Index inched lower by 0.10%, making it one of the region’s steadier performers Wednesday. 

South Korea’s Kospi dropped 1.08% while Singapore’s Straits Times Index tumbled 1.36%. Earlier this week, Goldman Sachs said it sees the Straits Times Index advancing 19% through next March. 

S&P 500 futures fell 0.19%. Wednesday is a half trading day in the U.S.

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U.S. futures higher ahead of data; Dow Jones up 0.31%

U.S. stock futures pointed to a higher open on Tuesday, as markets eyed the release of U.S. data later in the day amid ongoing uncertainty over the future of the Federal Reserve's stimulus program. 

Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.31% gain, S&P 500 futures signaled a 0.39% rise, while the Nasdaq 100 futures indicated a 0.48% increase. 

Markets were jittery amid expectations that the Fed will soon start tapering its USD85 billion-a-month bond buying program. 

Investors were awaiting Friday’s U.S. nonfarm payrolls data, with good data set to bolster the dollar further. 

Onyx Pharmaceuticals was expected to remain in the spotlight for the second consecutive session, after confirming that it had rejected a purchase offer from Amgen to buy the company in a deal valued at about USD10 billion, sending shares up over 50% on Monday. 

Shares slipped 0.10% in pre-market trade. 

In the tech sector, Apple shares rose 0.27% in early trading after the iPhone maker filed for an "iWatch" trademark in Japan, implying that the company is working on developing a smartwatch. 

Separately, Raymond James raised its rating on the company to "strong buy" from "outperform." 

Also among smartphone makers, BlackBerry was likely to remain in focus after several analysts downgraded the stock following the company's disappointing quarterly results. 

In company news, Walt Disney Co. extended Robert Iger’s tenure as chief executive officer of the entertainment company to June 2016, delaying his planned succession for 15 months. Shares climbed 0.48% in after-hour trade. 

Across the Atlantic, European stock markets were lower. The EURO STOXX 50 dropped 0.58%, France’s CAC 40 declined 0.49%, Germany's DAX retreated 0.93%, while Britain's FTSE 100 slid 0.43%. 

During the Asian trading session, Hong Kong's Hang Seng Index dropped 0.70%, while Japan’s Nikkei 225 Index jumped 1.78%. 

Later in the day, the U.S. was to produce official data on factory orders.

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Forex Trading Signal for 2nd July 2013

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

 Up Trend :

 (1) Buy

E/P: 1.30489

T/P: 1.30800

S/L: 1.30000

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GBP/USD

Up Trend:

(1) Buy

E/P: 1.52156

T/P: 1.52400

S/L: 1.51700

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USD/JPY

Up Trend:

(1) BUY

E/P: 99.558

T/P: 99.800

S/L: 99.100

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USD/CHF

Down Trend:

(1) SELL

E/P: 0.94598

T/P: 0.94100

S/L: 0.94800

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

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Forex - GBP/USD little changed after U.K. data

The pound was almost unchanged against the dollar on Tuesday after data showed that construction activity in the U.K. expanded at the fastest pace since May 2012 in June.

GBP/USD hit 1.5194 during European morning trade, the session low; the pair subsequently consolidated at 1.5205, edging down 0.06%.

Cable was likely to find support at 1.5164, the low of June 28 and resistance at 1.5278, Friday’s high.

Markit said the U.K. construction purchasing managers' index rose to a seasonally adjusted 51.0 in June from 50.8 in May. 

Economists had expected the index to improve to 51.1 last month.

Senior Markit economist Tim Moore said the improvement in overall construction output boosted the outlook for second quarter growth and lowered the chances for additional easing measures by the Bank of England at its monthly policy meeting on Thursday.

Data on Monday showed that manufacturing activity in the U.K. expanded at the fastest pace in more than two years in June.

Trade remained subdued as investor’s treaded water ahead of Friday’s U.S. nonfarm payrolls data, as speculation over how soon the Federal Reserve may decide to unwind its USD85 billion-a-month stimulus program continued.

On Monday, the Institute for Supply Management said its manufacturing purchasing managers’ index rose to 50.9 in June, recovering from a shock contraction in May. 

However, the employment component of the index contracted for the first time since September 2009.

Elsewhere, sterling was higher against the euro, with EUR/GBP slipping 0.16% to 0.8569.

The euro came under pressure after euro zone officials said Tuesday that Greece has three days to reach an agreement with its troika of lenders, in order to secure the next tranche of its bailout funding at a meeting of the eurogroup of finance ministers on Monday.

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