AceTraderFx : Daily Recommendations on Major

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 31: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 31 Mar 2022 03:00GMT

EUR/USD - 1.1167
Euro's rally above previous resistance at 1.1137 to a 4-week high at 1.1170 in New York yesterday on broad-based retreat in usd suggests corrective upmove from March's fresh 22-month 1.0807 bottom remains in force and further gain to 1.1200/05 may be seen before prospect of decline later due to loss of upward momentum.

On the downside, a daily close below 1.1100 signals a temporary top is made and risks stronger retracement to 1.1071/72, break, 1.1045.

Data to be released on Thursday:
Japan industrial output, housing starts, construction orders, Australia building permits, China NBS non-manufacturing PMI, NBS manufacturing PMI.
U.K. nationwide house price, Swiss retail sales, France producer prices, CPI, consumer spending, Germany retail sales, unemployment rate, unemployment change, Italy CPI, unemployment rate, EU unemployment rate.
U.S. continuing jobless claims, initial jobless claims, PCE price index, personal spending, personal income, Chicago PMI and Canada GDP.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Mar 31: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 31 Mar2022 09:30GMT

USD/JPY - 121.97
The greenback's intra-day rally above Friday's fresh 6-year peak at 122.43 on BoJ's monetary easing suggests Medium Term upmove remains in progress and further gain towards 122.00/10 would be seen after minor consolidation, however, loss of momentum would keep price below 122.40/50 and bring a much-needed correction later tomorrow or early next week.

On the downside, only below 120.60 would indicate a temporary top has been made and risk stronger retracement towards 120.20/30.

Data to be released on Thursday:
U.K. nationwide house price, Swiss retail sales, France producer prices, CPI, consumer spending, Germany retail sales, unemployment rate, unemployment change, Italy CPI, unemployment rate, EU unemployment rate.
U.S. continuing jobless claims, initial jobless claims, PCE price index, personal spending, personal income, Chicago PMI and Canada GDP.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 01: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 01 Apr 2022 03:00GMT

EUR/USD - 1.1069
Euro's selloff from yesterday's 4-week peak at 1.1184 (Asia) to as low as 1.1061 in New York on cross-selling in euro suggests corrective upmove from March's fresh 22-month bottom at 1.0807 has possibly ended there and would head back to 1.1045 after consolidation, reckon 1.0996 would hold initially.

On the upside, only a daily close above 1.1133/36 may risk stronger retracement to 1.1160/70 before down.

Data to be released on Friday:
Australia AIG manufacturing index, manufacturing PMI, Japan Tankan small non-manufacturing PMI, Tankan small manufacturing index, Tankan big non-manufacturing PMI, Tankan big manufacturing index, China Caixin manufacturing PMI.
Swiss CPI, manufacturing PMI, France budget balance, Markit manufacturing PMI, Italy Markit manufacturing PMI, Germany Markit manufacturing PMI, EU Markit manufacturing PMI, HICP, U.K. Markit manufacturing PMI.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, Markit manufacturing PMI, ISM manufacturing PMI, construction spending and Canada Markit manufacturing PMI.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 01: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 01 Apr 2022 09:30GMT

USD/JPY - 122.54
The greenback's intra-day rally above Friday's fresh 6-year peak at 122.43 on BoJ's monetary easing suggests Medium Term upmove remains in progress and further gain towards 122.00/10 would be seen after minor consolidation, however, loss of momentum would keep price below 122.40/50 and bring a much-needed correction later tomorrow or early next week.

On the downside, only below 120.60 would indicate a temporary top has been made and risk stronger retracement towards 120.20/30.

Data to be released on Friday:
Swiss CPI, manufacturing PMI, France budget balance, Markit manufacturing PMI, Italy Markit manufacturing PMI, Germany Markit manufacturing PMI, EU Markit manufacturing PMI, HICP, U.K. Markit manufacturing PMI.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, Markit manufacturing PMI, ISM manufacturing PMI, construction spending and Canada Markit manufacturing PMI.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 04: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 04 Apr 2022 03:00GMT

EUR/USD - 1.1051
Euro' selloff from last Thursday's 4-week high at 1.3184 to as low as 1.1029 in post-NFP New York Friday suggests recent erratic upmove from March's 22-month bottom at 1.0807 has possibly made a temporary top there and consolidation with downside bias remains for weakness towards 1.0996 but 1.0970/75 should remain intact.

On the upside, only a daily close above 1.1076 would risk stronger gain to 1.1100/10 before another fall later.

Data to be released next week :
China Market Holiday.
Germany current account, trade balance, imports, exports.
EU Sentix index, Canada building permits.
U.S. durables ex-transport, factory orders, durable goods and durables ex-defense on Monday.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 04: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 04 Apr 2022 09:30GMT

USD/JPY - 122.63
Dollar's rally from 131.29 (Thursday) to as high as 123.03 in post-FOMC New York last Friday in tandem with U.S. yields and yen weakness suggests 1st leg of correction from March's near 7-year peak at 135.10 has possibly ended there and consolidation with upside bias remains for 123.25/30 but 123.64 would cap upside.

On the downside, only a daily close below 122.22/25 would risk stronger retracement to 121.85/95.

Data to be released today:
Germany current account, trade balance, imports, exports.
EU Sentix index, Canada building permits.
U.S. durables ex-transport, factory orders, durable goods and durables ex-defense on Monday.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 06: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 06 Apr 2022 03:00GMT

EUR/USD - 1.0901
Euro's selloff below 1.0945 (now resistance) to a near 4-week bottom at 1.0901 in New York yesterday on rally in usd in tandem with U.S. yields on Fed Brainard's hawkish comments suggests correction from March's 22-month trough at 1.0807 has ended earlier at 1.1184 last Thursday and weakness to 1.0845/50 is envisaged but 1.0807 should contain downside today.

On the upside, only a daily close above 1.0961 would risk stronger retracement towards 1.0988, break, 1.1029 later.

Data to be released on Wednesday:
China Caixin services PMI.
Germany industrial orders, U.K. Markit construction PMI, EU producer prices.
U.S. MBA mortgage application and Canada Ivey PMI.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 06: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 06 Apr 2022 09:30GMT

USD/JPY - 123.91
Dollar's rally above last Fri's 123.03 top (now support) to 123.66 in New York Tuesday in tandem with US yields after hawkish comments by Fed's Brainard, then intra-day break there suggests pullback from March's near 7-year peak at 125.10 has ended and further gain towards 124.30, then 124.70 would be seen later.

On the downside, only a daily close below 123.54 would risk stronger retracement towards 123.20, break, 123.00/05.

Data to be released on Wednesday:
Germany industrial orders, U.K. Markit construction PMI, EU producer prices.
U.S. MBA mortgage application and Canada Ivey PMI.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 07: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 07 Apr 2022 03:00GMT

EUR/USD - 1.0907
Euro's resumption of decline from last Thursday's 4-week peak at 1.1184 to as low as 1.0874 yesterday suggests correction from March's 22-month bottom at 1.0807 has possibly ended there and as 1.0937 has capped subsequent recovery in New York, consolidation with downside bias remains for re-test of said support, below would extend towards 1.0846 but 1.0807 should remain intact.

On the upside, only a daily close above 1.0940/45 may risk stronger retracement of said fall towards 1.0988.

Data to be released on Thursday:
Australia AIG services index, exports, imports, trade balance, Japan leading indicator, coincident index, machine tool orders.
Swiss unemployment rate, Germany industrial output, U.K. Halifax house price, EU retail sales.
U.S. continuing jobless claims and initial jobless claims.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 07: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 07 Apr 2022 09:30GMT

USD/JPY - 123.68
Although dollar's rally from last Thursday's bottom at 121.29 to as high as 124.05 Wednesday in tandem with U.S. yields suggests correction from March's near 7-year peak at 125.10 has possibly ended, subsequent retreat to 123.47 in New York yesterday would yield choppy sideways swings, reckon 123.20 would hold and yield rebound, above 124.05 would head to 124.30/40.

On the downside, only a daily close below 123.03 would risk stronger retracement towards 122.70, break, 122.38/43.

Data to be released on Thursday:
Swiss unemployment rate, Germany industrial output, U.K. Halifax house price, EU retail sales.
U.S. continuing jobless claims and initial jobless claims.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 08: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 08 Apr 2022 03:00GMT

EUR/USD - 1.0862
Euro's selloff from last Thursday's high at 1.1184 to 1.0866 in New York yesterday on continued usd's strength, then present break there in Asia suggests correction from March's 22-month bottom at 1.0807 has ended and bearishness remains for re-test of said support, break needed to extend decline to 1.0755/60.

On the upside, only a daily close above 1.0938 would signal a temporary bottom is in place and risk stronger retracement towards 1.0961, break, 1.0988 later.

Data to be released on Friday:
Japan current account, trade balance, consumer confidence, Eco watchers current, Eco watchers outlook.
Italy retail sales.
Canada unemployment rate, employment change, U.S. wholesale sales and wholesale inventories.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 08: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 08 Apr 2022 09:30GMT

USD/JPY - 124.06
Dollar's rally from last Thur's bottom at 121.29 to as high as 124.23 in Australia today on continued usd's strength due to rally in U.S. yields suggests early correction from Mar's near 7-year peak at 125.10 has possibly ended and as 123.68 (Asia) has contained subsequent retreat, consolidation with upside bias remains for 124.30/40 but 124.70 should hold.

On the downside, only a daily close below 123.47 would signal a temporary top is in place and risk stronger retracement towards 123.03.

Data to be released on Friday:
Japan current account, trade balance, consumer confidence, Eco watchers current, Eco watchers outlook.
Italy retail sales.
Canada unemployment rate, employment change, U.S. wholesale sales and wholesale inventories.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 11: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 11 Apr 2022 03:00GMT

EUR/USD - 1.0887
Euro's selloff from 1.1184 (Thursday) to a 1-month bottom at 1.0837 on continued usd's strength due to rally in U.S. yields suggests early correction from March's 22-month bottom at 1.0807 has ended and as 1.0934 has capped rebound in New Zealand today, consolidation with downside bias remains for re-test of 1.0837, break would extend said decline towards 1.0807 again.

On the upside, only a daily close above 1.0938 would signal a temporary bottom is in place and risk stronger retracement towards 1.0961, break, 1.0988 later.

Data to be released today:
New Zealand retail sales, China CPI, PPI.
U.K. construction output, manufacturing output, industrial output, GDP, trade balance.
Canada leading index on Monday.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 11: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 11 Apr 2022 09:30GMT

USD/JPY - 125.21
Dollar's present retreat in tandem with U.S. yields after intra-day rally above Mar's near 7-year 125.10 peak to 125.43 at European open on active selling in yen suggests minor consolidation is in store before long term upmove resumes and heads towards 125.70 but 2015 top at 125.86 should cap upside today.

On the downside, only a daily close below 124.67 signals a temporary top is in place and risks stronger retracement to 124.28, break, 124.04 later.

Data to be released today:
U.K. construction output, manufacturing output, industrial output, GDP, trade balance.
Canada leading index on Monday.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 12: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 12 Apr 2022 03:00GMT

EUR/USD - 1.0881
Euro's selloff from 1.1184 (Thursday) to a 1-month bottom at 1.0837 on continued usd's strength due to rally in U.S. yields suggests early correction from March's 22-month bottom at 1.0807 has ended and as price has fallen again after yesterday's gap-up open to 1.0934 in New Zealand, consolidation with downside bias remains for re-test of 1.0837, break, 1.0807 later.

On the upside, only a daily close above 1.0934/38 would signal a temporary bottom is in place and risk stronger retracement towards 1.0961, break, 1.0988 later.

Data to be released on Tuesday:
Japan producer prices, Australia NAB business confidence, NAB business conditions.
U.K. BRC retail sales, average weekly earnings, employment change, ILO unemployment rate, claimant count,
Germany HICP, CPI, ZEW current conditions, ZEW economic sentiment, France exports, imports, trade balance, current account, EU ZEW survey expectation.
U.S. CPI, redbook and Federal budget.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 12: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 12 Apr 2022 09:30GMT

USD/JPY - 125.56
Although dollar's retreat after yesterday's rally to a near 7-year peak at 125.77 in New York in tandem with U.S. yields signals consolidation is in store, intra-day rebound from 125.12 in Asia suggests pullback has ended and upside bias remains for re-test of said resistance, break would yield re-test of 2015 peak at 125.86 but 126.44 should cap upside.

On the downside, only a daily close below 125.00/10 would risk stronger retracement towards 124.67 later.

Data to be released on Tuesday:
U.K. BRC retail sales, average weekly earnings, employment change, ILO unemployment rate, claimant count,
Germany HICP, CPI, ZEW current conditions, ZEW economic sentiment, France exports, imports, trade balance, current account, EU ZEW survey expectation.
U.S. CPI, redbook and Federal budget.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 13: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 13 Apr 2022 03:00GMT

EUR/USD - 1.0823
Euro's selloff from 1.1184 (Thur) to 1.0837 on Mon and yesterday's break there to a fresh 1-month bottom at 1.0822 in New York on continued usd's strength due to rally in U.S. yields suggests early correction from Mar's 22-month bottom at 1.0807 has ended and downside bias remains for re-test of 1.0807, break would recent downtrend to 1.0760.later.

On the upside, only a daily close above 1.0903 signals a temporary bottom is in place and risks stronger retracement towards 1.0933/38, break, 1.0961.

Data to be released on Wednesday:
New Zealand food price index, RBNZ interest rate decision, Japan machinery orders, Australia consumer sentiment, China trade balance, imports, exports.
U.K. PPI output prices, PPI input prices, RPI, CPI, DCLG house price, Italy industrial output.
U.S. MBA mortgage application, PPI and Canada interest decision.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 13: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 13 Apr 2022 09:30GMT

USD/JPY - 126.03
Dollar's resumption of recent uptrend to a near 7-year peak at 125.77 in New York Mon on broad-based usd's strength due to rally in U.S. yields, then intra-day firm break of 2015 high of 125.86 on active selling in yen in European morning suggests further gain towards 126.40/45 is envisaged before a much-needed correction occurs due to over-bought condition.

On the downside, only a daily close below 125.75/77 would indicate a temporary top is made and risk stronger retracement to 125.10/15 but 124.78 should hold.

Data to be released on Wednesday:
U.K. PPI output prices, PPI input prices, RPI, CPI, DCLG house price, Italy industrial output.
U.S. MBA mortgage application, PPI and Canada interest decision.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 14: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 14 Apr 2022 03:00GMT

EUR/USD - 1.0889
Despite euro's selloff below 1.0822 (Tuesday) to a fresh 1-month bottom at 1.0809 in New York morning, subsequent rally to 1.0894 on broad-based usd's retreat due to fall in U.S. yields suggests stronger retracement to 1.0933/38 would be seen before prospect of another decline, below below 1.0807, 1.0760.

On the upside, a daily close above 1.0988 would signal a temporary bottom is in place and risk stronger gain to 1.1020/30.

Data to be released on Thursday :
New Zealand manufacturing PMI, Australia unemployment rate, employment change, Japan industrial production.
U.K. RICS housing price balance, Germany wholesale price index, Swiss producer/import price, EU ECB deposit rate, ECB refinancing rate.
U.S. retail sales, continuing jobless claims, initial jobless claims, imports prices, export prices, University of Michigan sentiment, business inventories, Canada wholesale trade and manufacturing sales.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,536
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Apr 14: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 14 Apr 2022 09:30GMT

USD/JPY - 125.36
Despite dollar's resumption of uptrend to a near 20-year peak at 126.31 in Europe Wed, subsequent retreat to 125.09 in Europe today on active yen buying signals a temporary top is made and consolidation is in store, reckon 125.05/10 would hold and yield prospect of another rebound, above 125.75/80 would bring re-test of 126.31.

On the downside, only a daily close below 124.78 would risk stronger retracement to 124.35/40.

Data to be released on Thursday :
U.K. RICS housing price balance, Germany wholesale price index, Swiss producer/import price, EU ECB deposit rate, ECB refinancing rate.
U.S. retail sales, continuing jobless claims, initial jobless claims, imports prices, export prices, University of Michigan sentiment, business inventories, Canada wholesale trade and manufacturing sales.