AceTraderFx : Daily Recommendations on Major

[AceTRaderForex]

AceTraderFx Sept 29: Daily Recommendations on Major -EUR/USD

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]

AceTraderFx Sept 29: Daily Recommendations on Major –USD/JPY

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]

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

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]

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

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.

 

[AceTRaderForex]

AceTraderFx Oct 03: Daily Recommendations on Major -EUR/USD

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

EUR/USD - 0.9798
Although euro's upmove from last Wednesday's fresh 2-decade bottom at 0.9537 to as high as 0.9853 (Europe) Friday suggests recent downtrend has made a temporary low, subsequent retreat to 0.9735 in New York morning would bring choppy sideways trading.

Above 0.9853 would extend marginal gain, loss of upward momentum should cap price below 0.9908.
Below 0.9735 signals first leg of correction over and heads back towards 0.9636.

Data to be released later:
Australia manufacturing PMI, Japan Tankan big manufacturing PMI, Tankan small manufacturing PMI, Jibun bank manufacturing PMI, China market holiday.
Swiss CPI, manufacturing PMI, France budget balance, S n P manufacturing PMI, Italy S n P manufacturing PMI, Germany S n P manufacturing PMI, EU S n P manufacturing PMI.
U.K. S n P manufacturing PMI, Canada S n P manufacturing PMI, U.S. S n P manufacturing PMI, construction spending and ISM manufacturing PMI on Monday.

 

[AceTRaderForex]

AceTraderFx Oct 03: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 03 Oct 2022 09:30GMT

USD/JPY - 145.00
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 Tuesday 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 later:
Swiss CPI, manufacturing PMI, France budget balance, S n P manufacturing PMI, Italy S n P manufacturing PMI, Germany S n P manufacturing PMI, EU S n P manufacturing PMI.
U.K. S n P manufacturing PMI, Canada S n P manufacturing PMI, U.S. S n P manufacturing PMI, construction spending and ISM manufacturing PMI on Monday.

 

[AceTRaderForex]

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

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

EUR/USD - 0.9972
Yesterday's impressive rally from 0.9807 (Asia) to as high as 0.9999 in New York due to broad-based usd's weakness on falling U.S. yields and market's risk-on sentiment suggests recent rise from September's 2-decade trough at 0.9837 remains in progress, however, overbought condition would cap price below res at 1.0050 and risk has increased for a retracement to occur.

On the downside, below 0.9900 signals 1st leg of correction is possibly over and brings weakness towards 0.9853, however, reckon 0.9807 should remain intact.

Data to be released on Wednesday :
Australia services PMI, Japan Jibun bank services PMI, New Zealand RBNA interest rate decision, China market holiday, Germany exports, imports, trade balance, current account.
France industrial output, 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, U.K. S n P global services PMI.
U.S. MBA mortgage application, ADP employment change, international trade balance, goods trade balance, S n P global services PMI, ISM non-manufacturing PMI, Canada building permits, trade balance, exports and imports.

 

[AceTRaderForex]

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

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

USD/JPY - 144.44
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 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 Wednesday :
France industrial output, 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, U.K. S n P global services PMI.
U.S. MBA mortgage application, ADP employment change, international trade balance, goods trade balance, S n P global services PMI, ISM non-manufacturing PMI, Canada building permits, trade balance, exports and imports.

 

[AceTRaderForex]

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

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

EUR/USD - 0.9910
Euro's decline from 0.9999 (Tue) to as low as 0.9835 in New York yesterday due to broad-based usd's rebound suggests 1st leg of upmove from September's 2-decade trough at 0.9537 has ended and downside bias remains for weakness to 0.9800, reckon 0.9768 would contain downside and yield rebound today.

Intra-day strong bounce may head to 0.9950/60 before down and above may risk stronger gain to 0.9994/99 later.

Data to be released on Thursday:
Australia AIG construction index, exports, imports, trade balance, China market holiday.
Germany industrial orders, EU retail sales.
U.S. S n P construction PMI, U.S. initial jobless claims, continuing jobless claims and Canada Ivey PMI.

 

[AceTRaderForex]

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

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

USD/JPY - 144.64
Although dollar's recent rise from 140.36 to 145.31 (Monday) suggests the correction from September's 24-year peak at 145.89 over, subsequent decline would yield further sideways swings, Wednesday's rise from 143.54 to 144.84 signals pullback possibly over and above 144.93 would bring stronger gain towards 145.31.

Retreat to 144.39 in Asia may prolong choppy trading before up and only below 144.27/32 risks stronger retracement towards 144.00, break, 143.70/80.

Data to be released on Thursday:
Germany industrial orders, EU retail sales.
U.S. S n P construction PMI, U.S. initial jobless claims, continuing jobless claims and Canada Ivey PMI.

 

[AceTRaderForex]

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

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

EUR/USD - 0.9790
Euro's selloff yesterday from 0.9926 (Asia) and then break of Wednesday's 0.9835 low (now resistance) to 0.9789 in New York on renewed usd's strength signals decline from Tuesday's near 2-week 0.9999 high to retrace rise from September's 2-decade 0.9537 trough would head towards 0.9713 but 0.9636 should hold.

On the upside, only a daily close above 0.9835 would risk stronger gain to 0.9885/95 before down.

Data to be released on Friday:
Japan all household spending, coincident index, leading index, China market holiday.
Swiss unemployment rate, Germany import prices, industrial output, retail sales, U.K. Halifax house prices, France current account, trade balance, imports, exports, Italy retail sales.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, wholesale inventories, wholesale sales, Canada employment change and unemployment rate.

 

[AceTRaderForex]

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

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

USD/JPY - 144.82
Despite dollar's brief but sharp fall from Sep's 24-year peak of 145.89 to 140.36 on BoJ's unilateral yen buying intervention, subsequent strong rise to 145.31 Monday signals correction over n as price has risen after retreat to 143.54, bullishness remains but above 145.89 needed to head to 146.30/40.

On the downside, a daily close below 144.39 would yield stronger retracement to 143.80/90.

Data to be released on Friday:
Swiss unemployment rate, Germany import prices, industrial output, retail sales, U.K. Halifax house prices, France current account, trade balance, imports, exports, Italy retail sales.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, wholesale inventories, wholesale sales, Canada employment change and unemployment rate.

 

[AceTRaderForex]

AceTraderFx Oct 10: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 10 Oct 2022 03:00GMT

EUR/USD - 0.9735
Euro's selloff from 0.9999 (Tue) to as low as 0.9727 Fri after robust US jobs report suggests correction from Sep's 2-decade trough at 0.9537 has possibly ended and as 0.9790 has capped recovery, bearishness remains and a daily close below 0.9713 (61.8% r) would pressure price to 0.9684, then later 0.9636/40.

On the upside, only a daily close above 0.9790 would risk stronger retracement towards 0.9816, break, 0.9835

Data to be released later:
Australia AIG services services index, Japan market holiday.
EU Sentix index.
U.S. market holiday, Canada market holiday on Monday.

 

[AceTRaderForex]

AceTraderFx Oct 10: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 10 Oct 2022 09:30GMT

USD/JPY - 145.51
Despite dollar's brief but sharp fall from Sep's 24-year peak of 145.89 to 140.36 on BoJ's unilateral yen buying intervention, subsequent strong rise to 145.31 Mon, then Fri's gain to 145.44 in post-NFP New York suggests consolidation with upside bias remains for re-test 145.89, above may head towards 146.30.

On the downside, only a daily close below 144.93 would risk stronger retracement towards 144.64.

Data to be released later:
EU Sentix index.
U.S. market holiday, Canada market holiday on Monday.

 

[AceTRaderForex]

AceTraderFx Oct 11: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 11 Oct 2022 03:00GMT

EUR/USD - 1.1074
Euro's selloff last week from 0.9999 (Tue) to 0.9727 Fri after robust US jobs report, then weakness to 0.9683 in Europe Mon signals correction from Sep's 24-year trough at 0.9537 has ended and may head back towards 0.9636 before recovery due to 'loss of momentum'.

On the upside, only a daily close above 0.9753 (Asia high) would risk stronger retracement to 0.9780/90.

Data to be released on Tuesday :
New Zealand retail sales, Australia consumer sentiment, NAB business conditions, NAB business confidence, Japan current account, eco watchers current, eco watchers account.
U.K. BRC retail sales, U.K. climate count, ILO unemployment rate, employment change, average weekly earnings, Italy industrial output, Swiss leading index.
U.S. redbook.

 

[AceTRaderForex]

AceTraderFx Oct 11: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 11 Oct 2022 09:30GMT

USD/JPY - 145.53
Despite dollar's brief but sharp fall from Sep's 24-year peak of 145.89 to 140.36 on BoJ's unilateral yen buying intervention, subsequent strong rise in tandem with US yields to 145.85 yesterday would re-test 145.89 and above would head to 146.30, then towards 146.96.

Stand aside initially due to BoJ's intervention risk and only a daily close below 145.24 would yield stronger retracement towards 144.96, then 144.64.

Data to be released on Tuesday :
U.K. BRC retail sales, U.K. climate count, ILO unemployment rate, employment change, average weekly earnings, Italy industrial output, Swiss leading index.
U.S. redbook.

 

[AceTRaderForex]

AceTraderFx Oct 12: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 12 Oct 2022 03:00GMT

EUR/USD - 0.9691
Euro's decline from last Tue's near 2-week high of 0.9999 to as low as 0.9672 yesterday suggests correction from Sep's 2-decade bottom at 0.9537 has ended and despite erratic rise to 0.9774 in New York, subsequent GBP-led fall to 0.9695 would head towards 0.9636 but 0.9602 should hold.

On the upside, only a daily close above 0.9774 may risk stronger retracement to 0.9800/10 before down.

Data to be released on Wednesday:
Japan machinery orders.
U.K. GDP, industrial output, manufacturing output, construction output, trade balance, EU industrial output.
U.S. MBA mortgage application and U.S. PPI.

 

[AceTRaderForex]

AceTraderFx Oct 12: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 12 Oct 2022 09:30GMT

USD/JPY - 146.23
Dollar's intra-day rally above Sep's 24-year peak at 145.89 to 146.38 in Asia signals long term upmove has once again resumed and despite intervention warnings by Japan officials, outlook remains bullish for gain towards next projected target at 146.96 'later'.

On the downside, only a daily close below 145.71/74 would indicate temporary top made and risk stronger retracement towards 145.43, break, 144.93/03.

Data to be released on Wednesday:
U.K. GDP, industrial output, manufacturing output, construction output, trade balance, EU industrial output.
U.S. MBA mortgage application and U.S. PPI.

 

[AceTRaderForex]

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

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

EUR/USD - 0.9704
Euro's decline from last Tue's near 2-week high of 0.9999 to as low as 0.9669 yesterday suggests correction from Sep's 2-decade bottom at 0.9537 has ended and subsequent bounce in New York would bring consolidation, reckon 0.9774 would hold and yield one more fall.

On the downside, a daily close below 0.9669 would revive bearishness for one more fall towards 0.9636, break, 0.9602.

Data to be released on Thursday:
New Zealand food price index, Australia consumer inflation expectation, Japan producer prices.
Germany CPI, Swiss producer/import prices.
U.S. CPI, initial jobless claims and continuing jobless claims.

 

[AceTRaderForex]

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

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

USD/JPY - 146.82
Dollar's rally on Wed above Sep's 24-year peak at 145.89 in Asia to 146.38 and subsequent gain on broad-based yen selling to 146.98 in New York suggests long term uptrend would head to 147.30, however, overbought condition would cap price below 1998 peak at 147.64 and yield a much-needed correction.

On the downside, only a daily close below 146.38 would indicate a temporary top is in place and risk stronger retracement towards 145.89, then possibly 145.43.

Data to be released on Thursday:
Germany CPI, Swiss producer/import prices.
U.S. CPI, initial jobless claims and continuing jobless claims.