AceTraderFx Feb 17: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 1 7 Feb 2022 03:00GMT
EUR/USD - 1.1381
Although euro’s decline from last Thur’s near 3-month peak at 1.1495 to 1.1281 Mon suggests upmove from Jan’s 20-month trough at 1.1122 has made a top there, subsequent stronger-than-expected rise to 1.1395 on broad-based usd’s weakness after less hawkish Fed minutes suggests consolidation is in store before prospect of another fall, below 1.1345 signals recovery over, 1.1310, then later 1.1281.
On the upside, only a daily close above 1.1417 signals pullback from 1.1495 has possibly ended and risks gain to 1.1446/48.
Data to be released on Thursday:
Japan machinery orders, exports, imports, trade balance, Australia employment change, unemployment rate.
Swiss exports, imports, trade balance, Italy trade balance.
U.S. building permits, housing starts, initial jobless claims, continuing jobless claims, and Philly Fed manufacturing index.
AceTraderFx Feb 18: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 1 8 Feb 2022 03:00GMT
EUR/USD - 1.1363
Although euro’s rebound from Mon’s 10-day bottom at 1.1281 suggests decline from Feb’s near 3-month 1.1495 peak has ended there and despite yesterday’s brief drop to 1.1324 in Asia on broad-based rebound in usd due to renewed escalating Russia-Ukraine tension, subsequent bounce signals consolidation is seen and retracement towards 1.1417 may be seen before another fall, below 1.1324 yields weakness towards 1.1281.
On the upside, only a daily close above 1.1448 would risk gain to 1.1465/75, break, 1.1495 again next Mon.
Data to be released on Friday:
New Zealand PPI inputs, PPI outputs, Japan nationwide CPI, U.K. retail sales, Swiss industrial production, France CPI, EU current account, construction output, consumer confidence, Canada ADP employment change, new housing price index, retail sales, U.S. existing home sales and leading index change.
AceTraderFx Feb 21: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 21 Feb 2022 03:00GMT
EUR/USD - 1.1320
Euro’s weakness to 1.1315 (NY) on Friday due to safe-haven usd buying on Russia-Ukraine tension suggests recovery from last week’s low at 1.1281 (Mon) over, below 1.1281 would extend early decline from Feb’s peak at 1.1495 towards 1.1222 later this week.
On the upside, only abv 1.1360 prolongs choppy sideways swings and may risk another rise to 1.1385/95.
On the data front, Germany will kick off with producer price, then France’s Markit mfg n services PMIs, then the same fm Germany n the EU.
AceTraderFx Feb 22: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 22 Feb 2022 03:00GMT
EUR/USD - 1.1306
Euro’s fall from Feb’s near 3-month 1.1495 peak to 1.1281 last week (Mon) signals recent strong rise from Jan’s 20-month bottom at 1.1122 has made a top and despite rebound to 1.1395 (Wed), yesterday’s selloff from 1.1390 in Europe to 1.1307 in late New York on broad-based usd’s strength due to renewed escalating Russia-Ukraine tension suggests re-test of 1.1268 is seen, break, 1.1222 later.
On the upside, only a daily close above 1.1345/50 would prolong choppy sideways swings and risk 1.1376 but 1.1390/95 should hold.
Data to be released on Tuesday :
Italy CPI, Germany Ifo business climate, Ifo current conditions, Ifo expectations, U.K. PSNB, PSNCR, CBI trends orders.U.S. monthly home price, Markit manufacturing PMI, Markit services PMI and consumer confidence on Tuesday.
AceTraderFx Feb 23: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 23 Feb 2022 03:00GMT
EUR/USD - 1.1330
Euro’s erratic decline from last week’s 1.1395 top (Wed) to 1.1289 in Asia yesterday signals recovery from last Mon’s 1.1281 bottom has possibly ended, despite rallying to 1.1366 in Europe, subsequent retreat on cross-selling in euro especially versus sterling suggests choppy trading below said resistance would continue but below 1.1281 needed to extend fall from Feb’s 1.1495 peak towards 1.1268, break, 1.1222.
On the upside, only a daily close above 1.1390/95 would risk stronger gain to 1.1415/20.
Data to be released on Wednesday:
Australia construction work done, wage price index, New Zealand RBNZ interest rate decision, Japan Market Holiday.
Germany Gfk consumer sentiment, France business climate, Swiss investor sentiment, EU HICP.
U.S. mortgage application and redbook.
AceTraderFx Feb 24: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 24 Feb 2022 03:00GMT
EUR/USD - 1.1280
Euro’s selloff from 1.1358 to 1.1302 in New York Wed and intra-day break of last week’s 1.1281 bottom (Monday) on broad-based usd’s strength due to escalating Russia-Ukraine tension signals decline from February’s near 3-month peak at 1.1495 has once again resumed and would yield weakness towards 1.1222 later but 1.1187 should hold.
On the upside, only a daily close above 1.1358/66 indicates temporary low is made, risks 1.1375/85.
Data to be released on Thursday:
Australia capital expenditure, building capex, Swiss non-farm payrolls, France consumer confidence, Italy industrial sales.
U.S. building permits, GDP, PCE price, initial jobless claims, continuing jobless claims, national activity index, average weekly earnings, new home sales and KC Fed manufacturing.
AceTraderFx Feb 25: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 25 Feb 2022 03:00GMT
EUR/USD - 1.1196
Despite yesterday’s brief break of January’s 1.1122 low to a fresh 20-month trough of 1.1107 (New York) on active safe-haven USD buying after Russia’s invasion of Ukraine, subsequent rally to 1.1220 on intra-day strong rebound in U.S. stocks confirms temporary low is made and choppy consolidation is in store.
Only above 1.1261 (European high) risks stronger correction to 1.1300/10 Monday whilst below 1.1122 would yield resumption of downtrend to projected target at 1.1050 next week.
Data to be released on Friday:
New Zealand retail sales, Japan Tokyo CPI, coincident index, leading indicator.
U.K. Gfk consumer confidence, Germany GDP, import prices, France consumer spending, GDP, CPI, producer prices, Italy business confidence, consumer confidence, trade balance, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
U.S. personal income, personal spending, PCE price index, durable goods, durables ex-transport, durables ex-defense, University of Michigan sentiment pending home sales and Canada budget balance.
AceTraderFx Feb 28: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 28 Feb 2022 03:00GMT
EUR/USD - 1.1172
Euro’s intra-day gap-down in New Zealand to 1.1123 on safe-haven usd buying due to weekend’s escalation of military conflicts in Ukraine suggests correction from Thursday’s fresh 20-month bottom at 1.1107 has ended at 1.1274 (New York) on Friday, however, present rebound in Asia would yield ‘volatile’ swings before recent downtrend resumes, below 1.1107 would head towards projected downside target at 1.1050.
Only above 1.1228/36 res area prolongs choppy trading but reckon 1.1274 should remain intact.
Data to be released today:
Japan industrial output, retail sales, construction orders, housing starts, Australia business inventories, retail sales.
UK house price, Swiss retail sales, GDP, KOF indicator.
Canada current account, producer prices and U.S. trade balance, wholesale inventories, Chicago PMI, Dallas Fed manufacturing on Monday
AceTraderFx Mar 01:Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 01 Mar 2022 03:00GMT
EUR/USD - 1.1207
Although euro’s gap-down open to 1.1123 in New Zealand Mon signals correction from last Thur’s fresh 20-month bottom at 1.1107 has ended at 1.1274 Fri, subsequent strong rebound to 1.1246 in New York on broad-based usd’s retreat due to market optimism on Russia-Ukraine talks suggests consolidation is seen and retracement towards 1.1250 may be seen before prospect of another fall, below 1.1123 would head towards 1.1050.
On the upside, only a daily close above 1.1274 would risk stronger gain towards 1.1317.
Data to be released on Tuesday:
Australia manufacturing index, manufacturing PMI, current account, RBA rate decision, Japan manufacturing PMI, China manufacturing PMI, non-manufacturing PMI.
Swiss manufacturing PMI, Italy manufacturing PMI, CPI, France manufacturing PMI, Germany manufacturing PMI, CPI, HICP, EU manufacturing PMI, UK manufacturing PMI, Canada GDP, manufacturing PMI.
U.S. manufacturing PMI and construction spending.
AceTraderFx Mar 02:Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 02 Mar 2022 03:00GMT
EUR/USD - 1.1126
Euro’s selloff below last week’s 1.1107 low (Thur) to a 21-month bottom at 1.1091 in New York Tue on broad-based usd’s strength due to escalating Russia-Ukraine conflict suggests decline from Feb’s 1.1495 peak has once again resumed and would pressure price towards projected target at 1.1050 before correction.
On the upside, only a daily close above 1.1180/90 signals a temporary trough is in place and risks stronger retracement to 1.1230/40 later.
Data to be released on Wednesday:
New Zealand building permits, import prices, export prices, Australia GDP.
France budget balance, UK shop price index, Germany unemployment change, unemployment rate, EU HICP, core HICP.
U.S. ADP employment and Canada BoC rate decision.
AceTraderFx Mar 03: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 03 Mar 2022 03:00GMT
EUR/USD - 1.1114
Euro’s selloff below 1.1091 (Tue) to a 22-month trough at 1.1058 in New York Wed and despite staging a brief rebound to 1.1146 on broad-based retreat in usd due to rebound in U.S. stocks, subsequent retreat suggests downside bias remains for erratic decline from Feb’s near 3-month 1.1495 peak to head towards 1.1038 but 1.1000 should hold and yield correction due to loss of momentum.
On the upside, only a daily close above 1.1180/90 would signal a temporary bottom is in place and risk stronger retracement to 1.1220/30.
Data to be released on Thursday:
Australia construction index, services PMI, building permits, trade balance, imports, exports, China services PMI, Japan consumer confidence.
Swiss CPI, Italy services PMI, France services PMI, Germany services PMI, EU services PMI, PPI, unemployment rate, UK services PMI.
U.S. jobless claims, labor costs, productivity, services PMI, durable goods and factory orders.
AceTraderFx Mar 04: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 04 Mar 2022 03:00GMT
EUR/USD - 1.1020
Euro’s intra-day selloff below Thursday’s fresh 22-month bottom at 1.1034 on safe-haven usd buying due to news of Ukraine nuclear plant is on fire suggests decline from February’s near 3-month 1.1495 peak remains in force and would pressure price to psychological 1.1000 handle, break would extend downtrend to 1.0960/64.
On the upside, only a daily close above 1.1067 (AUS) signals a temporary low is made and risks stronger retracement to 1.1090/00.
Data to be released on Friday:
Australia manufacturing sales, retail sales, Japan unemployment rate.
Germany exports, imports, trade balance, current account, Italy GDP, UK construction PMI, EU retail sales.
Canada building permits, labor productivity, Ivey PMI and U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings.
AceTraderFx Mar 07: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 07 Mar 2022 03:00GMT
EUR/USD - 1.0879
Euro’s selloff below 1.1000 handle to a fresh 22-month trough of 1.0887 in New York last Friday on broad-based usd’s strength due to upbeat U.S. jobs report, then intra-day break there suggests decline from February’s 1.1495 peak would extend towards 1.0836 /40 before prospect of minor recovery later due to oversold condition.
On the upside, only a daily close above 1.0940/44 may signal temporary low is made and risk stronger retracement to 1.0965/70 but 1.1000 should hold.
Data to be released today:
Australia AIG services index, China exports, imports, trade balance, Japan machine orders.
Swiss unemployment rate, U.K. Halifax house prices, Germany industrial orders, retail sales and EU Sentix index on Monday.
AceTraderFx Mar 08: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 08 Mar 2022 03:00GMT
EUR/USD - 1.0863
Although euro’s short-covering rally from Monday’s fresh 22-month bottom at 1.0807 to 1.0932 in New York ahead of 3rd round of Russia-Ukraine talk suggests recent erratic decline has made a temporary low there, subsequent retreat has retained bearishness and consolidation with downside bias remains for re-test of 1.0807, break would extend towards 1.0778.
On the upside, only a daily close above 1.0940 would risk stronger retracement towards 1.0977 but 1.1000 should hold.
Data to be released on Tuesday:
Japan current account, trade balance, coincident index, leading indicator, Eco watchers current, Eco watchers outlook, Australia NAB business conditions, NAB business confidence.
Germany industrial output, Italy retail sales, EU employment, GDP.
Canada leading index, trade balance, exports, imports, U.S. international trade balance, goods trade balance, redbook, wholesale inventories and wholesale sales
AceTraderFx Mar 09: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 09 Mar 2022 03:00GMT
EUR/USD - 1.0902
Although euro’s short-covering rally from Mon’s fresh 22-month bottom at 1.0807 to 1.0932 , then to 1.0958 in New York yesterday signals recent erratic decline has made a temporary trough there, subsequent retreat suggests said correction has possibly ended and consolidation with downside bias remains, below 1.0846 would yield further weakness towards 1.0807.
On the upside, only a daily close above 1.0958 would risk stronger gain to 1.0972/77 before prospect of another fall.
Data to be released on Wednesday:
New Zealand manufacturing sales, Japan GDP, China PPI, CPI.
U.K. BRC retail sales, France non-farm payrolls, Ital industrial output.
U.S. MBA mortgage application and JOLTS jobs opening.
AceTraderFx Mar 10: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 10 Mar 2022 03:00GMT
EUR/USD - 1.1051
Euro’s impressive rally above 1.0958 (Tue) to as high as 1.1094 in New York Wednesday on active unwinding of recent euro short positions due to easing of Russia-Ukraine tension suggests recent erratic decline has made a low at Monday’s fresh 22-month 1.0807 bottom and stronger retracement to 1.1140/45 may be seen before prospect of retreat.
On the downside, a daily close below 1.1000 psychological handle signals a temporary top is made and risks 1.0958 later.
Data to be released on Thursday:
New Zealand retail sales, Japan producer prices, Australia consumer inflation.
U.K. RIVS housing price balance, trade balance, construction output, Italy producer prices, EU ECB Refinancing rate, ECB deposit rate.
U.S. CPI, initial jobless claims, continuing jobless claims and Federal budget.
AceTraderFx Mar 11: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 11 Mar 2022 03:00GMT
EUR/USD - 1.1011
Although euro’s rally to a 1-week high at 1.1120 yesterday after ECB’s hawkish tilt signals erratic decline from February’s 1.1495 top has made a temporary bottom at Monday’s fresh 22-month low at 1.0807, subsequent sharp retreat suggests said correction has possibly ended and consolidation with downside bias remains, below 1.0927 would yield further weakness to 1.0891/95.
On the upside, only a daily close above 1.1043/48 may risk stronger gain to 1.1065/70 before another fall.
Data to be released on Friday:
New Zealand business NZ PSI, manufacturing PMI, food price index, Japan all household spending.
U.K. GDP, industrial output, manufacturing output, Germany CPI, HICP, Italy unemployment, U.K. consumer inflation expectation, NISER GDP estimation.
Canada capacity utilization, employment change, unemployment rate and U.S. University of Michigan sentiment.
AceTraderFx Mar 14: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 14 Mar 2022 03:00GMT
EUR/USD - 1.0915
Euro’s intra-day selloff from 1.1043 to 1.0903 in New York on Fri suggests correction from last Monday’s 22-month bottom at 1.0807 has ended earlier at 1.1120 (Thursday) and consolidation with downside bias remains for further weakness towards 1.0846.
Only a daily close above 1.1000 ‘prolongs’ choppy sideways swings and may risk stronger gain towards 1.1043.
Data to be released today:
U.K. Rightmove house price, France exports, imports, trade balance, current account and Italy trade balance on Monday.
AceTraderFx Mar 15: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 15 Mar 2022 03:00GMT
EUR/USD - 1.0955
Euro’s selloff from last Thursday’s 1-week 1.1120 peak to 1.0902 in Asia Mon on broad-based rebound in usd suggests correction from last Monday’s fresh 22-month bottom at 1.0807 has possibly ended and as 1.0993 has capped recovery in New York Monday, consolidation with downside bias remains, below 1.0846/50 would yield re-test of said support.
On the upside, only a daily close above 1.0993 would risk stronger gain to 1.1010/15.
Data to be released on Tuesday:
New Zealand business NZ PSI, Australia house price index, China retail sales, industrial output.
Germany wholesale price index, ZEW current conditions, ZEW economic sentiment, U.K. average weekly earnings, employment change, ILO unemployment rate, claimant count, Swiss producer/import price, housing starts, France CPI, EU ZEW survey expectation, industrial production.
U.S. PPI, redbook, NY Fed manufacturing and Canada manufacturing sales.
AceTraderFx Mar 16: Daily Recommendations on Major -EUR/USD
DAILY MARKET OUTLOOK on Major
Update Time : 16 Mar 2022 03:00GMT
EUR/USD - 1.0968
Euro’s selloff from last Thursday’s 1.1120 top to 1.0902 (Monday) signals early correction from March’s fresh 22-month bottom at 1.0807 has possibly ended there and despite yesterday’s rebound to 1.1019 in Europe, subsequent selloff to 1.0927 in New York on renewed usd’s strength suggests consolidation with downside bias remains, reckon 1.0880/85 would remain intact.
On the upside, only a daily close above 1.0993 may risk gain towards 1.1019, break, 1.1043.
Data to be released on Wednesday:
New Zealand current account, Japan trade balance, imports, exports, industrial production, Australia Westpac leading index, China house prices.
Italy CPI.
U.S. MBA mortgage application, retail sales, imports prices, export prices, NAHB housing market index, business inventories, Fed interest rate decision, Canada wholesale trade and CPI.
DAILY MARKET OUTLOOK on Major