AceTraderFx : Daily Recommendations on Major

[AceTRaderForex]

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

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

EUR/USD - 1.0268
Although euro's erratic rise from last week's low at 1.0097 (Wed) to a 1-week high of 1.0275 in New York yesterday suggests correction from 1.0278 has ended, subsequent retreat may yield further choppy swings and below 1.0226 (New York low) would head towards 1.0206, break, 1.0165/70.

On the upside, a daily close above 1.0278 is needed to extend rise from 0.9953 (July) to 1.0320/25 later.

Data to be released on Tuesday:
Australia building permits, RBA interest rate decision, New Zealand GDT price.
U.K. Nationwide house price, Swiss consumer confidence, manufacturing PMI.
U.S. redbook, JOLTS job openings, Canada S&P manufacturing PMI.

 

[AceTRaderForex]

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

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

USD/JPY - 130.81
Despite dollar's initial resumption of recent fall from July's 24-year peak at 139.39 to a fresh 7-week trough of 130.41, intra-day rebound on usd's safe-haven bid due to US/China tension may head back to 131.60, reckon 132.00 would hold and yield another decline later.

On the downside, only a daily close below 130.41 would risk one more fall to 130.00/10.

Data to be released on Tuesday:
U.K. Nationwide house price, Swiss consumer confidence, manufacturing PMI.
U.S. redbook, JOLTS job openings, Canada S&P manufacturing PMI.

 

[AceTRaderForex]

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

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

EUR/USD - 1.0157
Despite euro's brief rise above previous 1.0278 resistance to a near 4-week high of 1.0293 (Asia) Tuesday, intra-day selloff on safe-haven usd's bid due to US/China tension, then weakness to 1.0164 on hawkish Fed speak suggests rise from 0.9953 (July) has made a top but below 1.0082/97 support is needed for weakness towards 1.0050.

On the upside, only a daily close above 1.0216 would risk stronger gain towards 1.0254 but 1.0293 should remain intact.

Data to be released on Wednesday:
Australia AIG construction index, S&P Global services PMI, retail sales, New Zealand employment change, unemployment rate, labor costs index, Japan Jibun bank services PMI, China Caixin services PMI.
Germany exports, imports, trade balance, current account, S&P Global services PMI, Swiss CPI, France budget balance, S&P Global services PMI, Italy S&P Global services PMI, retail sales, EU S&P Global services PMI, producer prices, retail sales, UK S&P Global services PMI.
U.S. MBA mortgage application, S&P Global services PMI, durable goods, durable ex-defense, durable ex-transport, factory orders and ISM non-manufacturing PMI.

 

[AceTRaderForex]

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

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

USD/JPY - 133.21
Despite dollar's resumption of recent decline from Jul's 24-year peak of 139.39 to a fresh 7-week trough of 130.41 (Asia) yesterday, subsequent rally in New York on hawkish comments from Fed officials to 133.89 in Asia signals 1st leg of correction possibly over and would head towards 134.44.

On the downside, only below 132.88 would indicate aforesaid recovery over and risk re-test of 132.29, break, 131.60/65.

Data to be released on Wednesday:
Germany exports, imports, trade balance, current account, S&P Global services PMI, Swiss CPI, France budget balance, S&P Global services PMI, Italy S&P Global services PMI, retail sales, EU S&P Global services PMI, producer prices, retail sales, UK S&P Global services PMI.
U.S. MBA mortgage application, S&P Global services PMI, durable goods, durable ex-defense, durable ex-transport, factory orders and ISM non-manufacturing PMI.

 

[AceTRaderForex]

AceTraderFx Aug 04: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 04 Aug 2022 03:00GMT

EUR/USD - 1.0158
Despite euro's brief rise above previous 1.0278 resistance to a near 4-week high of 1.0293 (Asia) Tuesday, subsequent selloff to as low as 1.0124 in New York morning Wed on broad-based usd's rebound signals corrective rise from July's 20-year bottom has
possibly ended, below 1.0083 would head to 1.0048/50.

On the upside, a daily close above 1.0216/20 may prolong choppy swings and risk stronger gain to 1.0250/54.

Data to be released on Thursday:
Australia trade balance, imports, exports.
Germany industrial orders, U.K. S&P construction PMI, BOE interest rate decision, asset purchase program, BOE QE total, BOE QE corporate bond purchases, BOE MPC rate hike, BOE MPC rate unchanged, BOE MPC rate cut.
U.S. international trade balance, goods trade balance, initial jobless claims, continuing jobless claims, Canada building permits, trade balance, exports and imports.

 

[AceTRaderForex]

AceTraderFx Aug 04: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 04 Aug 2022 09:30GMT

USD/JPY - 134.23
Despite resumption of recent decline from July's 24 -year peak of 139.39 to a fresh 7-week trough of 130.41 (Tuesday), subsequent rally in tandem with US yields to 134.54 in New York yesterday suggests low is made and above 134.54 would encourage for stronger retracement to 134.90.

On the downside, only a daily close below 132.35/40 may indicate aforesaid recovery over and risk stronger retracement to 132.88/91.

Data to be released on Thursday:
Germany industrial orders, U.K. S&P construction PMI, BOE interest rate decision, asset purchase program, BOE QE total, BOE QE corporate bond purchases, BOE MPC rate hike, BOE MPC rate unchanged, BOE MPC rate cut.
U.S. international trade balance, goods trade balance, initial jobless claims, continuing jobless claims, Canada building permits, trade balance, exports and imports.

 

[AceTRaderForex]

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

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

EUR/USD - 1.0240
Despite euro's retreat from Tue's near 4-week high of 1.0293 to 1.0124 (Wednesday), subsequent rebound to 1.0253 in New York yesterday on broad-based usd's weakness suggests choppy swings would continue ahead of key U.S. jobs report, above 1.0293 needed to extend rise from July's 0.9953 bottom to 1.0334, break, 1.0360.

On the downside, only a daily close below 1.0209 signals intra-day top is made n heads back to 1.0161 (New York low), 1.0124.

Data to be released on Friday:
Australia AIG services index, Japan all household spending, coincident index, leading indicator.
UK Halifax housing prices, France current account, trade balance, industrial output, imports, exports, non-farm payrolls, Italy industrial output.
U.S. non-farm payrolls, private payrolls, unemployment rate, average weekly earnings, Canada employment change, unemployment rate and Ivey PMI.

 

[AceTRaderForex]

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

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

USD/JPY - 133.28
Dollar's rally from Monday's fresh 7-week trough of 130.41 to 134.54 (Wednesday) signals recent fall from July's 24-year peak at 139.39 has made a low there and despite cross-inspired decline to 132.53 today, rebound to 133.47 ahead of European open and present retreat would yield choppy sideways swings, below 133.00/05 may head back towards 132.53, then 132.29.

On the upside, a daily close above 133.47 would revive bullishness for stronger gain towards 133.79, break, 134.30/40 later.

Data to be released on Friday:
UK Halifax housing prices, France current account, trade balance, industrial output, imports, exports, non-farm payrolls, Italy industrial output.
U.S. non-farm payrolls, private payrolls, unemployment rate, average weekly earnings, Canada employment change, unemployment rate and Ivey PMI.

 

[AceTRaderForex]

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

DAILY MARKET OUTLOOK on Major
Update Time: 08 Aug 2022 03:00GMT

EUR/USD - 1.0166
Euro's decline from Tuesday's near 4-week 1.0293 peak to 1.0124 (Wednesday) suggests recent rise from July's 20-year bottom at 0.9953 has made a top and despite staging a strong bounce to 1.0253 on Thursday, subsequent selloff to 1.0142 on blowout U.S. NFP Friday would re-test 1.0124, 1.0090/95 but 1.0048/50 may hold.

On the upside, only a daily close above 1.0209 would prolong choppy swings and risk gain to 1.0235/39 before down.

Data to be released today :
Japan current account, trade balance, Eco watchers current, Eco watchers outlook, New Zealand inflation forecast, Swiss unemployment and EU Sentix index on Monday.

 

[AceTRaderForex]

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

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

USD/JPY - 135.11
Dollar's jump on robust U.S. NFP Friday and then break of 134.54 (Wed top) to 135.49 in New York signals correction from July's 24-year peak at 139.39 has possibly ended at 130.41 (Tuesday) and further gain to 135.75 is envisaged, reckon 135.96 should cap upside and yield correction.

On the downside, only a daily close below 134.54 would dampen daily bullishness and risk stronger retracement towards 134.17, break, 133.89/94

Data to be released today :
Swiss unemployment and EU Sentix index on Monday.

 

[AceTRaderForex]

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

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

EUR/USD - 1.0198
Euro's decline from Tue's near 4-week peak at 1.0293 to 1.0124 (Wednesday) suggests recent upmove from July's 20-year bottom at 0.9953 has made a top and despite staging a rebound to 1.0253 Thursday, selloff to 1.0142 on Friday and then Monday's rebound to 1.0221 on broad-based usd's weakness in tandem with U.S. yields would yield further choppy swings before fall. Below 1.0124/30, 1.0097 later.

On the upside, only a daily close above 1.0221 would bring stronger gain to 1.0240/50 but 1.0290/95 should hold.

Data to be released on Tuesday:
New Zealand retail sales, Australia NAB business conditions, NAB business confidence.
U.K. BRC retail sales.
U.S. labor costs, productivity and redbook retail sales.

 

[AceTRaderForex]

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

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

USD/JPY - 134.88
Dollar's jump on blowout U.S. NFP Friday to 135.49, then to 135.57 Monday signals correction from July's 24-year peak at 139.39 has possibly ended at 130.41 (Tuesday), despite retreat to 134.37 in New York in tandem with U.S. yields, subsequent rebound has retained upside bias, above 135.57 would yield stronger gain to 135.85/95.

On the downside, only a daily close below 134.37 would risk retracement to 134.00/05.

Data to be released on Tuesday:
U.K. BRC retail sales.
U.S. labor costs, productivity and redbook retail sales.

 

[AceTRaderForex]

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

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

EUR/USD - 1.0206
Euro's fall from last Tuesday's near 4-week 1.0293 top to 1.0124 (Wednesday) suggests recent upmove from July's 20-year bottom at 0.9953 has made a top n despite rebound to 1.0253, weakness to 1.0142 Friday, then gain to 1.0247 yesterday would prolong further choppy swings before down, below 1.0124, 1.0097 later.

On the upside, only a daily close above 1.0253 would risk stronger gain towards 1.0293 but break needed for 1.0350.

Data to be released on Wednesday:
Japan producer prices, Australia consumer sentiment, China PPI, CPI.
Germany CPI, Italy CPI, U.S. MBA mortgage application, CPI, wholesale inventories and Federal budget.

 

[AceTRaderForex]

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

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

USD/JPY - 134.99
Dollar's rally from August's 7-week trough of 130.41 to 135.57 Monday signals correction from July's 24-year peak at 139.39 has possibly ended and as 134.37 has contained retreat, upside bias remains but above 135.57 is needed to extend gain towards 135.96

On the downside, only a daily close below 134.37 would risk weakness to 134.00/05 later.

Data to be released on Wednesday:
Germany CPI, Italy CPI, U.S. MBA mortgage application, CPI, wholesale inventories and Federal budget.

 

[AceTRaderForex]

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

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

EUR/USD - 1.0301
As euro's recent daily choppy swings from August's 1.0293 high had ended with Wednesday's jump to a 5-week peak of 1.0368 after softer-than-expected U.S. CPI, suggesting rise from July's 20-year 0.9953 bottom would head towards 1.0418 before prospect of a strong retreat later.

On the downside, only a daily close below 1.0265/70 would indicate a temporary top is in place and risk stronger retracement towards 1.0247, then 1.0203.

Data to be released on Thursday:
U.K. RICS housing price balance, Japan market holiday, Australia consumer inflation experience, U.S. initial jobless claims, continuing jobless claims and PPI.

 

[AceTRaderForex]

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

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

USD/JPY - 132.57
Although dollar's impressive rise from August's 7-week trough at 130.41 to as high as 135.57 (Mon) signals correction from July's 24-year 139.39 peak has ended, yesterday's selloff below 134.37 support to 132.04 on soft US yields signals choppy swings may continue and below 132.62 would head towards 132.04 later.

On the upside, only a daily close above 133.47 would suggest temporary low and risk stronger gain to 133.80/90.

Data to be released on Thursday:
U.K. RICS housing price balance, Japan market holiday, Australia consumer inflation experience, U.S. initial jobless claims, continuing jobless claims and PPI.

 

[AceTRaderForex]

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

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

EUR/USD - 1.0314
Despite yesterday's intra-day rally from 1.0276 (Asia) to 1.0365 in New York after slightly softer-than-expected U.S. PPI data, subsequent retreat on broad-based rebound in usd due to rally in U.S. yields suggests further choppy trading below Wednesday's 5-week peak at 1.0368 would continue before prospect of marginal gain, loss of upward momentum should cap euro at 1.0400/10.

A daily close below 1.0275 would be the first signal recent upmove has formed a temporary top and risk stronger retracement towards 1.0203 on Monday.

Data to be released on Friday :
New Zealand manufacturing PMI, food price index/
France ILO unemployment rate, U.K. GDP, industrial output, manufacturing output, construction output, trade balance, NIESR GDP estimate, France CPI, Italy trade balance, EU industrial production, Germany current account.
U.S. import prices, export prices and University of Michigan sentiment.

 

[AceTRaderForex]

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

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

USD/JPY - 133.21
Although dollar's impressive rise from August's 7-week trough at 130.41 to as high as 135.57 (Monday) signals correction from Jul's 24-year 139.39 peak has ended, yesterday's selloff below 134.37 support to 132.04 on soft US yields signals choppy swings may continue and below 132.62 would head towards 132.04 later.

On the upside, only a daily close above 133.47 would suggest temporary low and risk stronger gain to 133.80/90.

Data to be released on Friday :
France ILO unemployment rate, U.K. GDP, industrial output, manufacturing output, construction output, trade balance, NIESR GDP estimate, France CPI, Italy trade balance, EU industrial production, Germany current account.
U.S. import prices, export prices and University of Michigan sentiment.

 

[AceTRaderForex]

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

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

EUR/USD - 1.0260
Despite euro's rally above previous August's 1.0293 high to a 5-week peak of 1.0368 (Wednesday), subsequent strong retreat to 1.0276 (Thursday) and then Friday's selloff to 1.0239 in New York on cross-selling in euro and broad-based usd's rebound signals medium term rise from July's 20-year bottom at 0.9953 has possibly formed a top and below 1.0190 would head towards 1.0160.

On the upside, only a daily close above 1.0306 would risk stronger gain to 1.0342/47.

Data to be released today:
New Zealand NZ PSI, U.K. Rightmove house price, Japan GDP, industrial output, capacity utilization, China GDP, house prices, industrial output, retail sales.
Germany wholesales price index, France market holiday, Italy market holiday, Swiss producer/import price.
U.S. New York Fed manufacturing, NAHJB housing market index, Canada manufacturing sales and wholesale trades on Monday.

 

[AceTRaderForex]

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

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

USD/JPY - 133.43
Although dollar's cross-inspired fall from 135.57 last Mon to as low as 131.74 (Thursday) suggests early strong rise from August's 7-week trough at 130.41 has made a top, subsequent gain to 133.89 Fri and then decline to 132.92 would yield further sideways swings but below 132.62 needed to yield weakness towards 132.04, reckon 131.74 should hold on 1st testing.

On the upside, a daily close above 133.59 (AUS) would revive bullishness for stronger gain towards 133.89, 134.37/42.

Data to be released today:
U.K. Rightmove house price, Japan GDP, industrial output, capacity utilization, Germany wholesales price index, France market holiday, Italy market holiday, Swiss producer/import price.
U.S. New York Fed manufacturing, NAHJB housing market index, Canada manufacturing sales and wholesale trades on Monday.