AceTraderFx : Daily Recommendations on Major

[AceTRaderForex]

AceTraderFx Aug 30: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 30 Aug 2022 03:00GMT

EUR/USD - 1.0012
Despite euro's follow-through selling initially on Monday after selloff from Friday's 1.0089 high to 0.9914 ahead of European open, subsequent rally to 1.0028 in New York in reaction to hawkish comments by ECB officials suggests choppy swings above August's 20-year 0.9901 trough may continue in next 1-2 days before down and below 0.9947 would head towards 0.9914.

On the upside, only a daily close above 1.0089 would yield stronger retracement of recent fall towards 1.0123.

Data to be released on Tuesday:
Japan unemployment rate, Australia building permits.
Germany import prices, CPI, Swiss KOF indicators, Italy industrial sales, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
Canada current account, U.S. redbook, monthly home price, consumer confidence and JOLTUS jobs openings.

 

[AceTRaderForex]

AceTraderFx Aug 30: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 30 Aug 2022 09:30GMT

USD/JPY - 138.21
As dollar's daily wild swings from last Tuesday's 1-month high of 137.71 finally ended on Friday with price jumping from 136.21 to 137.74, then yesterday's impressive rise to 139.00, re-test of July's 24-year peak at 139.39 is envisaged after consolidation but break needed to extend to 139.65/75 later.

On the downside, only a daily close below 137.70/75 may confirm a temporary top made and risk retracement to 137.71/74.

Data to be released on Tuesday:
Germany import prices, CPI, Swiss KOF indicators, Italy industrial sales, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
Canada current account, U.S. redbook, monthly home price, consumer confidence and JOLTUS jobs openings.

 

[AceTRaderForex]

AceTraderFx Aug 31: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 31 Aug 2022 03:00GMT

EUR/USD - 1.0033
Despite euro's follow-through selling initially on Monday after selloff from Friday's 1.0089 high to 0.9914, subsequent rally to 1.0028, then to 1.0054 yesterday on renewed usd's strength due to upbeat U.S. data suggests choppy swings above August's 20-year 0.9901 trough may continue in next 1-2 days before prospect of another fall and below 0.9983 would head towards 0.9947, 0.9911.

On the upside, only a daily close above 1.0054 would risk one more rise to 1.0075/85.

Data to be released on Wednesday:
New Zealand building permits, U.K. BRC shop price index, nationwide house price, Japan industrial output, retail sales, consumer confidence, construction orders, China NBS manufacturing PMI, NBS non-manufacturing PMI, Australia construction work done.
France consumer spending, GDP, CPI, producer prices, Germany unemployment change, unemployment rate, Swiss investor sentiment, EU HICP, Italy CPI, producer prices.
U.S. MBA mortgage application, ADP employment change, Chicago PMI and Canada GDP.

 

[AceTRaderForex]

AceTraderFx Aug 31: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 31 Aug 2022 09:30GMT

USD/JPY - 138.59
Dollar's marginal break above Monday's 6-week 139.00 top to 139.06 in New York yesterday due to renewed usd's strength
and cross-selling in yen after intra-day retreat to 138.06 suggests re-test of July's 24-year peak at 139.39 would be seen after consolidation but reckon 140.00 should hold.

On the downside, only a daily close below 138.06 would risk stronger retracement of recent rise to 137.71/74.

Data to be released on Wednesday:
U.K. BRC shop price index, nationwide house price, France consumer spending, GDP, CPI, producer prices, Germany unemployment change, unemployment rate, Swiss investor sentiment, EU HICP, Italy CPI, producer prices.
U.S. MBA mortgage application, ADP employment change, Chicago PMI and Canada GDP.

 

[AceTRaderForex]

AceTraderFx Sept 01: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 01 Sept 2022 03:00GMT

EUR/USD - 1.0027
Despite euro's decline from last Friday's 1.0089 high to 0.9914 Monday, subsequent erratic rise to 1.0078 in New York yesterday due to active buying in euro on market's hawkish EBC outlook suggests
choppy swings above Aug's 20-year 0.9901 trough may continue and above 1.0089 may head to 1.0123, 1.0146/47.

On the downside, only a daily close below 1.0000 would yield re-test of Wednesday's 0.9972 low, break would extend further weakness towards 0.9947.

Data to be released on Thursday:
Australia AIG manufacturing index, manufacturing PMI, building capex, capital expenditure, Japan Jibun bank manufacturing PMI, China Caixin manufacturing PMI.
Germany retail sales, S n P manufacturing PMI, Swiss CPI, retail sales, manufacturing PMI, Italy S n P manufacturing PMI, unemployment rate, GDP, France S n P manufacturing PMI, EU S n P manufacturing PMI, employment change, U.K. S n P manufacturing PMI.
U.S. initial jobless claims, continuing jobless claims, labor costs, productivity, S n P manufacturing PMI, construction spending, USM manufacturing PMI, Canada building permits and S n P manufacturing PMI.

 

[AceTRaderForex]

AceTraderFx Sept 01: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 01 Sept 2022 09:30GMT

USD/JPY - 139.17
Dollar's intra-day break of Jul's fresh 24-year top of 139.39 to 139.67 following Wednesday's rally in tandem with U.S. yields suggests uptrend has once again resumed and further gain towards psychological 140.00 handle can't be ruled out but a daily close above there needed to head towards 140.65 later.

On the downside, only a daily close below 139.00/06 may indicate a temporary top is made and risk stronger retracement to 138.62/67.

Data to be released on Thursday:
Germany retail sales, S n P manufacturing PMI, Swiss CPI, retail sales, manufacturing PMI, Italy S n P manufacturing PMI, unemployment rate, GDP, France S n P manufacturing PMI, EU S n P manufacturing PMI, employment change, U.K. S n P manufacturing PMI.
U.S. initial jobless claims, continuing jobless claims, labor costs, productivity, S n P manufacturing PMI, construction spending, USM manufacturing PMI, Canada building permits and S n P manufacturing PMI.

 

[AceTRaderForex]

AceTraderFx Sept 02: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 02 Sept 2022 03:00GMT

EUR/USD - 0.9955
Despite euro's daily wild swings following fall from 1.0089 (Friday) to 0.9914 Monday, yesterday's weakness to 0.9911 on renewed usd's strength following upbeat US ISM data suggests re-test of August's 24-year 0.9901 low would be seen, break would extend recent downtrend towards projected target at 0.9855 later.

On the upside, only a daily close above 1.0009 would prolong choppy swings and risk stronger gain to 1.0038/48

Data to be released on Friday:
New Zealand terms of trade, import prices, export prices.
Germany exports, imports, trade balance, current account, Swiss non-farm payrolls, France budget balance, EU producer prices.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, durables ex-defense, durable goods, factory orders, durables ex-transport and Canada labor productivity rate.

 

[AceTRaderForex]

AceTraderFx Sept 02: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 02 Sept 2022 09:30GMT

USD/JPY - 140.30
Dollar's rally above July's fresh 24-year 139.39 top in tandem with U.S. yields to 139.67 in Europe, then gain to 140.22 after upbeat U.S. data and intra-day break there on continued yen weakness suggests price would head to 140.65, reckon 141.10/15 would cap upside and yield minor retracement later.

On the downside, only a daily close below below 139.88 would indicate a temporary trough made and risk stronger retracement towards 139.67, break, 139.34/39.

Data to be released on Friday:
Germany exports, imports, trade balance, current account, Swiss non-farm payrolls, France budget balance, EU producer prices.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, durables ex-defense, durable goods, factory orders, durables ex-transport and Canada labor productivity rate.

 

[AceTRaderForex]

AceTraderFx Sept 05: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 05 Sept 2022 03:00GMT

EUR/USD - 0.9925
Although euro's cross-led rally from last week's 0.9911 low (Thur) to 1.0033 in post-NFP New York Fri suggests choppy swings above Aug's fresh 24-year trough at 0.9901 would continue, subsequent fall to 0.9946 and intra-day gap-down open has retained bearishness, below 0.9901, 0.9855.

On the upside, only daily close above 1.0000 would indicate a temporary trough is made and risk stronger retracement towards 1.0033, break, 1.0078.

Data to be released today:
Australia AIG construction index, services PMI, business inventories, Japan Jibun bank services PMI, China caixin service PMI.
Swiss GDP, Italy S n P global services PMI, France S n P global services PMI, Germany S n P global services PMI, EU S n P global services PMI, Sentix index, retail sales, U.K. S n P global services PMI.
U.S. market holiday and Canada market holiday on Monday.

 

[AceTRaderForex]

AceTraderFx Sept 05: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 05 Sept 2022 09:30GMT

USD/JPY - 140.52
Although dollar's retreat to 139.93 in tandem with US yields in post-NFP New York Friday after a brief jump to a fresh 24-year peak of 140.79 suggests choppy trading is in store, as long as Friday's Asian 139.88 low holds, upside bias remains for marginal gain towards 140.90 but 141.10/15 may hold.

On the downside, only a daily close below 139.88/93 would indicate a temporary top made and risk stronger retracement towards 139.67, break, 139.39.

Data to be released later:
Swiss GDP, Italy S n P global services PMI, France S n P global services PMI, Germany S n P global services PMI, EU S n P global services PMI, Sentix index, retail sales, U.K. S n P global services PMI.
U.S. market holiday and Canada market holiday on Monday.

 

[AceTRaderForex]

AceTraderFx Sept 06: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 06 Sept 2022 03:00GMT

EUR/USD - 0.9960
Despite euro's break of August's 0.9901 low to a fresh 20-year trough of 0.9877 Monday on Nord stream shut-down news, subsequent rebound to 0.9943 in Europe, then intra-day gain to 0.9943 signals a temporary low is possibly made and above 0.9972 would head to 1.0005/09.

On the downside, only a daily close below 0.9901 needed to signal recovery over and yield weakness towards 0.9877, then 0.9850/55.

Data to be released on Tuesday :
Australia current account, net exports contribution, RBA interest rate decision, Japan all household spending.
U.K. retail sales, Germany industrial orders, U.K. S n P construction PMI.
U.S. S n P global services PMI, ISM non-manufacturing PMI and New Zealand GDT price index.

 

[AceTRaderForex]

AceTraderFx Sept 06: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 06 Sept 2022 09:30GMT

USD/JPY - 141.70
Dollar's intra-day intra-day cross-led rally in tandem with U.S. yields and then break of Fri's 24-year peak at 140.79 suggests recent uptrend remains in progress, however, 'loss of momentum' should prevent strong gain and reckon projected resistance at 142.14 would cap upside today.

On the downside, only below 140.79 would indicate a temporary top is in place and risk stronger retracement towards 140.26 (Asian low) , break, 139.93/98.

Data to be released on Tuesday :
U.K. retail sales, Germany industrial orders, U.K. S n P construction PMI.
U.S. S n P global services PMI, ISM non-manufacturing PMI and New Zealand GDT price index.

 

[AceTRaderForex]

AceTraderFx Sept 07: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 07 Sept 2022 03:00GMT

EUR/USD - 0.9887
Euro's intra-day selloff from 0.9986 on renewed usd's strength and then brief break of Monday's fresh 20-year trough at 0.9877 to 0.9865 Tuesday suggests price would extend to 0.9855, however, loss of momentum may keep euro above projected support at 0.9800 and bring rebound.

On the downside, only a daily close above 0.9986 would risk stronger retracement to 1.0009, break, 1.0033 later.

Data to be released on Wednesday:
Australia AIG services index, GDP, China exports, imports, trade balance, Japan coincident index, leading indicator.
Germany industrial output, U.K. industrial output, Italy retail sales, EU employment change, GDP.
U.S. MBA mortgage application, international trade balance, redbook, goods trade balance, Canada exports, imports, trade balance, BOC rate decision and Ivey PMI.

 

[AceTRaderForex]

AceTraderFx Sept 07: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 07 Sept 2022 09:30GMT

USD/JPY - 144.05
Dollar's impressive rally yesterday above Fri's 24-year peak at 140.79 in tandem with U.S. yields and active selling in yen to 143.07 in New York and intra-day break there suggests recent uptrend would head to 144.50 after choppy trading, however, overbought condition would cap price below 'psychological' 145.00 handle today.

On the downside, only a daily close below 143.07 would indicate a temporary top is in place and risk stronger retracement to 142.70/75.

Data to be released on Wednesday:
Germany industrial output, U.K. industrial output, Italy retail sales, EU employment change, GDP.
U.S. MBA mortgage application, international trade balance, redbook, goods trade balance, Canada exports, imports, trade balance, BOC rate decision and Ivey PMI.

 

[AceTRaderForex]

AceTraderFx Sept 08: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 08 Sept 2022 04:30GMT

EUR/USD - 0.9993
Despite hitting a fresh 20-year trough of 0.9865 Tue, euro's rally from 0.9876 to 1.0010 in New York on broad-based usd's weakness and pre-ECB short-covering in euro suggests a temporary low is made and stronger gain to 1.0055/60 is likely but 1.0089 should cap upside.

On the downside, a daily close below 0.9930 would signal aforesaid correction over and yield weakness to 0.9865/75.

Data to be released on Thursday:
New Zealand manufacturing sales, U.K. RICS housing price balance, Japan current account, trade balance, GDP, Eco watchers current, Eco watchers outlook, Australia trade balance, imports, exports, France non-farm payrolls, current account, trade balance, imports, exports, Swiss unemployment rate, EU ECB refinancing rate, ECB depositing rate, U.S. initial jobless claims and continuing jobless claims.

 

[AceTRaderForex]

AceTraderFx Sept 08: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 08 Sept 2022 09:30GMT

USD/JPY - 143.72
Despite resumption of recent impressive gain to a fresh 24-year peak of 144.98 ahead of New York open Wednesday, subsequent fall to 143.68 on broad-based profit taking in usd signals choppy swings are seen before another rise next week and above 144.98/00 would extend towards 145.48.

On the downside, only a daily close below 143.07 would risk stronger retracement towards 142.71.

 

[AceTRaderForex]

AceTraderFx Sept 09: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 09 Sept 2022 03:00GMT

EUR/USD - 1.0030
Despite euro's intra-day sharp fall from Thursday's 1.0030 high to as low as 0.9932 in post-ECB NY morning, subsequent strong bounce on broad-based usd's retreat suggests choppy trading above Tuesday's fresh 20-year 0.9865 low would continue, above 1.0030 would head to 1.0060/70 before down.

On the downside, a daily close below 0.9932 is needed to revive bearishness for weakness towards 0.9865 next week.

Data to be released on Friday:
New Zealand retail sales, China PPI, CPI.
France industrial output, U.K. consumer inflation.
Canada capacity utilization, employment change, unemployment rate, U.S. wholesale inventories and wholesale sales.

 

[AceTRaderForex]

AceTraderFx Sept 09: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 09 Sept 2022 09:30GMT

USD/JPY - 142.17
Despite dollar's resumption of uptrend to a fresh 24-year peak of 144.98 (Wednesday), subsequent retreat to 143.33, then intra-day selloff below there to 142.47 on active yen buying due to warning by BOJ's Kuroda on rapid yen rise signals a temporary top is made and may head towards 141.85.

On the upside, only a daily close above 143.33 would signal 1st leg of correction over and head back to 143.72.

Data to be released on Friday:
France industrial output, U.K. consumer inflation.
Canada capacity utilization, employment change, unemployment rate, U.S. wholesale inventories and wholesale sales.

 

[AceTRaderForex]

AceTraderFx Sept 13: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 13 Sept 2022 03:00GMT

EUR/USD - 1.0137
Euro's gap-up open to 1.0127 in New Zealand Mon following hawkish ECB news over the weekend and then gain to 1.0197 in Europe suggests recent downtrend has formed a temporary low at last Tuesday's 20-year trough at 0.9865, subsequent fall to 1.0105 would bring further range trading.

A firm break below 1.0105 would head back to 1.0061, then 1.0033 while above 1.0197 would revive bullishness for stronger gain to 1.0215/25.

Data to be released on Tuesday:
New Zealand food price index, Japan producer prices, Australia consumer sentiment, NAB business conditions, NAB business confidence.
Germany CPI, U.K. claimant count, ILO unemployment rate, employment change, average weekly earnings, Swiss producer/import price, EU ZEW survey expectations, ZEW economic sentiment, ZEW current conditions.
U.S. CPI, redbook and Federal budget.

 

[AceTRaderForex]

AceTraderFx Sept 13: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 13 Sept 2022 09:30GMT

USD/JPY - 142.32
Although dollar's erratic rise from 141.51 on Friday to 143.49 (Europe) yesterday signals 1st leg of correction from Wednesday's fresh 24-year peak at 144.98 has ended, subsequent retreat to 142.17 in New York on renewed usd's weakness would bring 'choppy' sideways swings and below 142.15 (Mon low) would head back towards 141.51, break, 140.79.

On the upside, a daily close above 143.00 would revive bullishness for stronger gain towards 143.49.

Data to be released on Tuesday:
Germany CPI, U.K. claimant count, ILO unemployment rate, employment change, average weekly earnings, Swiss producer/import price, EU ZEW survey expectations, ZEW economic sentiment, ZEW current conditions.
U.S. CPI, redbook and Federal budget.