AceTraderFx : Daily Recommendations on Major

[AceTRaderForex]

AceTraderFx Sept 14: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 14 Sept 2022 03:00GMT

EUR/USD - 0.9977
Despite extending erratic rise from last Tuesday's 20-year bottom at 0.9865 to a 3-week high of 1.0197 on short covering in euro, yesterday's selloff from 1.0187 to as low as 0.9968 on rally in usd after red hot US core CPI, then 0.9957 today in Australia suggests correction possibly over and below 0.9930/32 would yield further weakness towards 0.9865.

On the upside, only a daily close above 1.0033/42 would prolong choppy swings and risk stronger gain to 1.0100/05.

Data to be released on Wednesday:
New Zealand current account, Japan machinery orders, industrial output, capacity utilization, Australia Westpac consumer sentiment.
U.K. CPI, RPI, PPI input prices, PPI output prices, DCLG house price index, EU industrial production.
U.S. MBA mortgage application, PPI and manufacturing sales.

 

[AceTRaderForex]

AceTraderFx Sept 14: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 14 Sept 2022 09:30GMT

USD/JPY - 143.04
As dollar's daily wild swings after early strong pullback from last Wednesday's fresh 24-year 144.98 peak to 141.51 (Friday) had ended yesterday with price 'jumping' in tandem with US yields from 141.67 to 144.68 after red hot US core CPI, above 144.98 would head to 145.31, break would extend towards 145.79.

Intra-day retreat from 144.95 (AUS) on Japan officials' yen warning would bring choppy swings and below 143.49, 142.85.

Data to be released on Wednesday:
U.K. CPI, RPI, PPI input prices, PPI output prices, DCLG house price index, EU industrial production.
U.S. MBA mortgage application, PPI and manufacturing sales.

 

[AceTRaderForex]

AceTraderFx Sept 15: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 15 Sept 2022 03:00GMT

EUR/USD - 0.9976
Despite extending erratic rise from last Tuesday's 20-year bottom at 0.9865 to a 3-week high of 1.0197 on Monday, Tuesday's selloff on hot US CPI to 0.9956 (AUS) yesterday suggests correction over, as 1.0023 has capped recovery, weakness to 0.9930/32 is envisaged but 0.9865 should hold.

On the upside, only a daily close above 1.0033/43 would risk stronger gain to 1.0071/76.

Data to be released on Thursday:
New Zealand GDP, Japan exports, imports, trade balance, tertiary industry activities, Australia employment change, unemployment rate.
Germany wholesale price index, France CPI, EU trade balance, labor costs.
Canada housing starts, U.S. NY Fed manufacturing, import prices, export prices, initial jobless claims, continuing jobless claims, Philly Fed manufacturing index, retail sales, industrial production, capacity utilization, manufacturing output and business inventories.

 

[AceTRaderForex]

AceTraderFx Sept 15: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 15 Sept 2022 09:30GMT

USD/JPY - 143.56
Despite dollar's rise from 141.51 (Fri) to 144.95 in Australia yesterday, subsequent selloff due to yen intervention warnings by several Japanese officials signals 'choppy' swings below Sep's 24-year 144.98 peak would continue but 141.51 sup should hold and yield rebound, above 144.00/10 would head to 144.45/55.

On the downside, only a daily close below 143.00 would risk stronger retracement towards 142.56.

 

[AceTRaderForex]

AceTraderFx Sept 16: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 16 Sept 2022 03:00GMT

EUR/USD - 0.9995
Despite extending erratic rise from last Tuesday's 20-year bottom at 0.9865 to a 3-week high of 1.0197 on Monday, euro's selloff to 0.9956 (Wednesday) signals correction over and as 1.0023 has capped recovery in New York, weakness to 0.9930/32 is envisaged but 0.9865 should remain intact and yield rebound.

On the upside, only a daily close above 1.0023 may risk stronger retracement to 1.0065/70.

Data to be released on Friday:
New Zealand manufacturing PMI, China house price, retail sales,
Italy trade balance, EU HICP, Italy CPI, Canada wholesale trade.
U.S. University of Michigan sentiment.

 

[AceTRaderForex]

AceTraderFx Sept 16: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 16 Sept 2022 09:30GMT

USD/JPY - 143.3
Despite dollar's rise from 141.51 last Friday to 144.95 (Wednesday), subsequent sharp selloff on yen intervention warnings by several Japanese officials signals volatile trading below September's 24-year peak at 144.98 would continue but 141.51 sup should hold and yield rebound, above 143.80 (Thursday top) would head towards 144.55.

On the downside, only a daily close below 142.84 would risk stronger retracement towards 142.56.

Data to be released on Friday:
Italy trade balance, EU HICP, Italy CPI, Canada wholesale trade.
U.S. University of Michigan sentiment.

 

[AceTRaderForex]

AceTraderFx Sept 19: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 19 Sept 2022 03:00GMT

EUR/USD - 1.0014
Although euro's selloff from last Monday's 3-week top at 1.0197 to 0.9945 on Friday suggests correction from September's fresh 20-year bottom at 0.9865 has ended, subsequent rebound to 1.0036 in New York may head back to 1.0055/65 before down, below 0.9990/94 would head to 0.9945/55 but break needed for 0.9905/15.

On the upside, only a daily close above 1.0101/05 would risk stronger gain towards 1.0141 but 1.0197 should hold.

Data to be released later:
New Zealand business NZ PSI.
U.K. market holiday, Japan market holiday, EU construction output.
Canada producer prices and U.S. NAHB housing market index on Monday.

 

[AceTRaderForex]

AceTraderFx Sept 19: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 19 Sept 2022 09:30GMT

USD/JPY - 143.44
Although dollar's rebound to 144.95 last Wednesday suggests pullback from September's 24-year peak at 144.98 has ended, subsequent selloff to 142.56 the same day on yen intervention warnings by Japan officials and daily sideways swings would yield further consolidation before up and above 143.80 would head to 144.45/55.

On the downside, only a daily close below 142.56 would risk stronger retracement to 142.05/15.

Data to be released later:
U.K. market holiday, Japan market holiday, EU construction output.
Canada producer prices and U.S. NAHB housing market index on Monday.

 

[AceTRaderForex]

AceTraderFx Sept 21: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 21 Sept 2022 03:00GMT

EUR/USD - 0.9967
Although euro's decline from September's 1.0197 high suggests correction from September's fresh 20-year 0.9865 low has possibly ended, subsequent bounce from 0.9945 to 1.0036 Friday would bring choppy swings, yesterday's fall from 1.0050 to 0.9956 has retained bearishness and below 0.9945 would head
towards 0.9901.

On the upside, only a daily close above 1.001/23 would risk stronger gain towards 1.0050.

Data to be released on Wednesday:
Australia Westpac leading index.
U.K. PSNB, PSNCR, CBI trends orders.
U.S. MBA mortgage application, existing home sales and Fed interest rate decision.

 

[AceTRaderForex]

AceTraderFx Sept 21: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 21 Sept 2022 09:30GMT

USD/JPY - 143.76
Although dollar's rebound to 144.95 last Wednesday suggests pullback from September's 24-year peak at 144.98 has ended, subsequent selloff to 142.56 the same day on yen intervention warnings by Japan officials and daily sideways swings would yield further consolidation and above 144.07 (Europe) may head to 144.55 but 144.95 should hold.

On the downside, only a daily close below 143.48 would risk stronger retracement to 142.95/00

Data to be released on Wednesday:
U.K. PSNB, PSNCR, CBI trends orders.
U.S. MBA mortgage application, existing home sales and Fed interest rate decision.

 

[AceTRaderForex]

AceTraderFx Sept 22: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 22 Sept 2022 03:00GMT

EUR/USD - 0.9825
Euro's break of previous September's 0.9865 low to a fresh 20-year bottom of 0.9814 on rally in usd after Fed's hawkish hike confirms downtrend has resumed and as price has fallen after a brief bounce to 0.9910, weakness to 0.9785/90, then possibly 0.9755/65 would be seen later.

On the upside, only a daily close above 0.9910 would indicate a temporary trough made and risk stronger retracement to 0.9935/45 before retreat.

Data to be released on Thursday:
New Zealand imports, exports, trade balance, Australia market holiday, Japan BOJ interest rate decision.
France business climate, Swiss SNB interest rate decision, U.K. BOE interest rate decision, BOE MPC vote hike, BOE MPC vote unchanged, BOE MPC vote cut.
U.S. initial jobless claims, continuing jobless claims, leading index change, KC Fed manufacturing PMI, Canada new housing price index and EU consumer confidence.

 

[AceTRaderForex]

AceTraderFx Sept 22: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 22 Sept 2022 09:30GMT

USD/JPY - 142.09
Despite dollar's intra-day jump to a fresh 24-year high of 145.40 (EBS) after BoJ's dovish hold and later to 145.89 in European morning, subsequent sharp fall on Japan intervention on yen suggests recent erratic upmove has made a temporary top there, reckon 140.60/70 should contain downside and yield correction later due to oversold condition.

Stand aside and look to buy on dips as above 142.50/60 would indicate temporary bottom made and yield stronger gain towards 142.95 later.

Data to be released on Thursday:
France business climate, Swiss SNB interest rate decision, U.K. BOE interest rate decision, BOE MPC vote hike, BOE MPC vote unchanged, BOE MPC vote cut.
U.S. initial jobless claims, continuing jobless claims, leading index change, KC Fed manufacturing PMI, Canada new housing price index and EU consumer confidence.

 

[AceTRaderForex]

AceTraderFx Sept 23: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 23 Sept 2022 03:00GMT

EUR/USD - 0.9839
Despite euro's rebound from Asian fresh 2-decade low of 0.9810 Thur to 0.9908 in Europe due to yen-led usd's decline, subsequent weakness to 0.9813 in New York suggests recent downtrend would head towards projected target at 0.9760 before prospect of correction.

On the upside, only a daily close above 0.9908/10 res would confirm a temporary trough made and risk stronger retracement to 0.9945/55.

Data to be released on Friday:
Australia manufacturing PMI, services PMI, U.K. Gfk consumer confidence, Japan market holiday.
France S n P manufacturing PMI, S n P global services PMI, Germany S n P manufacturing PMI, S n P global services PMI, EU S n P manufacturing PMI, S n P global services PMI, U.K. S n P manufacturing PMI, S n P global services PMI, CBI distributive trades.
Canada retail sales, U.S. S n P manufacturing PMI and S n P global services PMI.

 

[AceTRaderForex]

AceTraderFx Sept 23: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 23 Sept 2022 09:30GMT

USD/JPY - 142.40
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold Thur, subsequent selloff to 140.36 on BoJ's 'unilateral' yen buying intervention signals temporary top made, rebound to 142.50 in New York signals 1st leg of correction is over and further gain towards 143.08 would be seen but 143.78 should hold.

On the downside, only a daily close below 141.77 would risk weakness to 141.15/20.

Data to be released on Friday:
France S n P manufacturing PMI, S n P global services PMI, Germany S n P manufacturing PMI, S n P global services PMI, EU S n P manufacturing PMI, S n P global services PMI, U.K. S n P manufacturing PMI, S n P global services PMI, CBI distributive trades.
Canada retail sales, U.S. S n P manufacturing PMI and S n P global services PMI.

 

[AceTRaderForex]

AceTraderFx Sept 26: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 26 Sept 2022 03:00GMT

EUR/USD - 0.9675
Despite Thursday's yen-led short-covering rebound from 0.9810 to 0.9908, euro's selloff on Friday after weak EU data and renewed usd's strength to a fresh 20-year trough of 0.9669 (New York) suggests downtrend may head towards 'psychological' 0.9500 handle later this week.

On the downside, only a daily close above 0.9737 would risk stronger retracement towards 0.9775 but 0.9710 should hold.

Data to be released later :
New Zealand market holiday, Japan Jibun bank manufacturing PMI, Jibun bank services PMI.
Germany Ifo business cliamte, Ifo current conditions, Ifo expectations, U.S. national activity index and Dallas Fed manufacturing business index on Monday.

 

[AceTRaderForex]

AceTraderFx Sept 26: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 26 Sept 2022 09:30GMT

USD/JPY - 143.67
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thursday, subsequent selloff to 140.36 on BoJ's 'unilateral' yen buying intervention suggests a temporary top is made, Friday's gain to 143.46 in New York signals 1st leg of correction over.

Intra-day retreat from 144.26 signals top possibly made and below 143.68 would yield further weakness towards 142.85 whilst above 144.25, 144.40/50 later.

Data to be released later :
Germany Ifo business cliamte, Ifo current conditions, Ifo expectations, U.S. national activity index and Dallas Fed manufacturing business index on Monday.

 

[AceTRaderForex]

AceTraderFx Sept 27: Daily Recommendations on Major -EUR/USD\

DAILY MARKET OUTLOOK on Major
Update Time: 27 Sept 2022 03:00GMT

EUR/USD - 0.9630
Yesterday's cable-led weakness to a fresh 2-decade trough of 0.9559 (Asia) signals recent downtrend remains in force and as price has fallen in New York after a short-covering bounce to 0.9701 (Europe), further fall to 0.9500 is likely but 0.9475/80 may hold.

On the downside, only a daily close above 0.9669 would prolong choppy sideways swings and risk stronger gain to 0.9701/05.

Data to be released on Tuesday:
Italy trade balance non-EU.
U.S. building permits, durable goods, durables ex-transport, durables ex-defense, redbook, monthly home price, consumer confidence, new home sales and Richmond Fed manufacturing.

 

[AceTRaderForex]

AceTraderFx Sept 27: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 27 Sept 2022 09:30GMT

USD/JPY - 144.32
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thursday, subsequent selloff to 140.36 on BoJ's 'unilateral' yen buying intervention suggests temporary top is made, Friday's gain to 143.46 in New York signals 1st leg of correction over and as 144.78 (New York) has capped upside, below 143.80 would yield weakness towards 143.26 but 142.59 should hold.

On the upside, only a daily close above 144.78 would risk stronger gain to 145.30/40.

Data to be released on Tuesday:
Italy trade balance non-EU.
U.S. building permits, durable goods, durables ex-transport, durables ex-defense, redbook, monthly home price, consumer confidence, new home sales and Richmond Fed manufacturing.

 

[AceTRaderForex]

AceTraderFx Sept 28: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 28 Sept 2022 03:00GMT

EUR/USD - 0.9598
Euro's weakness to 0.9570 in New York yesterday following a rebound from Monday's fresh 2-decade low of 0.9559 to 0.9701 suggests re-test of 0.9559 would be seen after range trading, break extends downtrend to 0.9520 but loss of momentum may limit weakness to 0.9485.

On the upside, only a daily close above 0.9652 would prolong choppy sideways swings and risk 0.9670, break, 0.9701.

Data to be released on Wednesday:
U.K. BRC shop price index, Australia retail sales, Japan coincident index, leading index, Germany Gfk consumer confidence, France consumer confidence, Italy business confidence, consumer confidence, industrial sales.
U.S. MBA mortgage application, goods trade balance, wholesale inventories and pending home sales.

 

[AceTRaderForex]

AceTraderFx Sept 28: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 28 Sept 2022 09:30GMT

USD/JPY - 144.67
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thursday, subsequent selloff to 140.36 on BoJ's 'unilateral' yen buying intervention suggests a temporary top is made, yesterday's gain to 144.90 in New York signals correction is over but above 145.00 is needed to yield re-test of 145.89, break, 146.70/80.

On the downside, below 144.07 would revive bearishness fo weakness towards 143.26/28

Data to be released on Wednesday:
U.K. BRC shop price index, Australia retail sales, Japan coincident index, leading index, Germany Gfk consumer confidence, France consumer confidence, Italy business confidence, consumer confidence, industrial sales.
U.S. MBA mortgage application, goods trade balance, wholesale inventories and pending home sales.