AceTraderFx : Daily Recommendations on Major

AceTRaderForex

Master Trader
Mar 19, 2013
4,729
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Sept 29: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 29 Sept 2022 03:00GMT

EUR/USD - 0.9704
Despite resumption of downtrend to a fresh 20-year trough of 0.9537 (Europe) yesterday, subsequent rally due to selloff in usd in tandem with US yields to 0.9750 in New York signals a temporary low is made, intra-day retreat may head to 0.9640/50, below, 0.9600.

On the upside, only a daily close above 0.9750 would risk stronger retracement towards 0.9775 but 0.9810/13 should cap upside.

Data to be released on Thursday:
Italy producer prices, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence, Germany CPI.
U.S. GDP, PCE prices, initial jobless claims, continuing jobless claims, Canada GDP and average weekly earnings.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,729
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Sept 29: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 29 Sept 2022 09:30GMT

USD/JPY - 144.71
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 intervention suggests a temporary top is made, gain to 144.90 on Tuesday signals correction is possibly over.

As usd has risen from 143.92 (Wednesday), above 144.90/00 would head to 145.40/50 whilst below 143.92 would yield weakness towards 143.54, then 143.26/28.

Data to be released on Thursday:
Italy producer prices, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence, Germany CPI.
U.S. GDP, PCE prices, initial jobless claims, continuing jobless claims, Canada GDP and average weekly earnings.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,729
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Sept 30: Daily Recommendations on Major -EUR/USD

flag_eur.gif DAILY MARKET OUTLOOK on Major

Update Time: 30 Sept 2022 03:00GMT

EUR/USD - 0.9821
Despite resumption of downtrend to a fresh 20-year trough of 0.9537 on Wednesday, subsequent rally to 0.9750 and then yesterday's break above there to 0.9815 (New York), then 0.9844 in Australia today suggests stronger retracement to 0.9878, 0.9908 would be seen, reckon 0.9945 should cap upside.

On the downside, a daily close below 0.9750 needed to signal top is made and yield weakness towards 0.9684.

Data to be released on Friday:
New Zealand building permits, Japan unemployment rate, industrial output, retail sales, consumer confidence, construction orders, housing starts, China NBS manufacturing PMI, caixin manufacturing PMI.
Germany import prices, retail sales, unemployment change, unemployment rate, U.K. current account, GDP, nationwide house prices, Swiss retail sales, KOF indicator, France CPI, consumer spending, producer prices, Italy unemployment rate, CPI, EU HICP, unemployment rate.
U.S. personal spending, personal income, core PCE price index, Chicago PMI, University of Michigan sentiment and Canada budget balance.
 

AceTRaderForex

Master Trader
Mar 19, 2013
4,729
9
74
Hong Kong
www.acetraderfx.com
AceTraderFx Sept 30: Daily Recommendations on Major –USD/JPY

flag_yen.gif DAILY MARKET OUTLOOK on Major

Update Time: 30 Sept 2022 09:30GMT

USD/JPY - 144.36
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thur, subsequent selloff to 140.36 on BoJ's 'unilateral' yen intervention suggests a temporary top is made, gain to 144.90 on Tue signals correction is possibly over.

Dollar's daily wild swings may continue and above 144.90/00 needed for stronger gain towards 145.40, 145.89, below 143.92, 143.28.

Data to be released on Friday:
Germany import prices, retail sales, unemployment change, unemployment rate, U.K. current account, GDP, nationwide house prices, Swiss retail sales, KOF indicator, France CPI, consumer spending, producer prices, Italy unemployment rate, CPI, EU HICP, unemployment rate.
U.S. personal spending, personal income, core PCE price index, Chicago PMI, University of Michigan sentiment and Canada budget balance.