AceTraderFx Aug 06: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 06 Aug 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 111.22
Despite last week’s rally to 112.15 on Wednesday, subsequent sharp retreat to 111.10 on Friday due to active risk-aversion on increased U.S.-China trade tension suggests correction from July’s low at 110.59 has ended there and consolidation with downside bias remains, below 110.76 would confirm this view and yield re-test of said support later, break would extend decline from July’s 6-month peak at 113.17 to 110.28.
On the upside, only above 111.88 would indicate said pullback is over instead and risk gain towards 112.15, break would yield stronger retracement to 112.40/50.
[B]Data to be released today: [/B]
Germany industrial orders, UK Halifax house prices, and EU Sentix index.
AceTraderFx Aug 07: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 07 Aug 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 111.30
Despite last week’s rally to 112.15 on Wednesday, subsequent sharp retreat to 111.10 on Friday due to active risk-aversion on increased U.S.-China trade tension suggests correction from July’s low at 110.59 has ended there and consolidation with downside bias remains, below 110.76 would confirm this view and yield re-test of said support later, break would extend decline from July’s 6-month peak at 113.17 to 110.28.
On the upside, only above 111.88 would indicate said pullback is over instead and risk gain towards 112.15, break would yield stronger retracement to 112.40/50.
U.S. eco. calendar is pretty thin n only 3-rd tier data are due out starting with Redbook sales and JOLTS jobs openings.
AceTraderFx Aug 08: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 08 Aug 2018[/B] [I09:30 GMT[/I]
USD/JPY - 110.96
The greenback’s intra-day selloff on broad-based buying of yen and subsequent break of last Friday’s low at 111.10 suggests early correction from 110.59 has ended at 112.15 last Monday and consolidation with downside bias remains for decline from July’s 6-month peak at 113.17 to resume and yield re-test of said support, break would extend towards 110.28/30 later but loss of momentum would keep price above 109.90/00.
On the upside, only above 111.47/53 would indicate a temporary low has been made instead and risk would increase for a stronger retracement towards 111.88/90.
[B]Data to be released on Wednesday : [/B]
Japan current account, trade balance, eco watchers current, eco watchers outlook, Australia Westpac consumer sentiment, China exports, imports, trade balance, U.S. MBA mortgage applications, and Canada building permits.
AceTraderFx Aug 13: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 13 Aug 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 110.21
Although the greenback opened lower and dropped to 110.36 in New Zealand on risk aversion, price staged a rebound to 110.75 in Australia on liquidity boost by the Turkish central bank.
However, renewed selling there knocked price lower and dollar tumbled to a session low at 110.11 in Asian on continued concerns over the Turkish lira before stabilising.
On the upside, only above 110.75 would indicate decline from July’s fresh 6-month peak at 113.17 has made a temporary low there and risk would increase for a much-needed correction to 111.19/20, then 111.47.
[B]Data to be released: [/B]
France non-farm payrolls, and Italy CPI, CPI (EU norm) on Monday.
AceTraderFx Aug 14: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 14 Aug 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 111.02
Despite the greenback’s fall to 110.11 yesterday, subsequent rally to 111.14 today on easing of contagion fears from Turkish lira crisis suggests decline from July’s 6-month peak at 113.17 has ended there and choppy trading with upside bias would be seen for gain towards 111.47/50.
However, loss of momentum would keep price below 111.88/90 and yield retreat later this week.
On the downside, only below 110.52 would indicate said recovery has ended instead and turn outlook bearish for a re-test of aforesaid support.
[B]
Data to be released on Tuesday : [/B]
Japan industrial output, capacity utilization, France ILO unemployment rate, Germany GDP, CPI, HICP, France CPI, CPI (EU norm), ZEW economic sentiment, ZEW current conditions, Swiss producer/import price, UK claimant count, ILO unemployment rate, employment change, average weekly earnings, EU GDP, industrial production, ZEW economic sentiment.
U.S. import prices, export prices, Redbook sales.
AceTraderFx Aug 15: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 15 Aug 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 111.26
Despite the greenback’s fall to 110.11 Monday, subsequent rally to 111.43 today on easing of contagion fears from Turkish lira crisis suggests decline from July’s 6-month peak at 113.17 has ended there and choppy trading with upside bias would be seen for gain towards 111.88/90.
However, loss of momentum would keep price below 112.10/15 and yield retreat later this week.
On the downside, only below 110.52 would indicate said recovery has ended instead and turn outlook bearish for a re-test of aforesaid support.
[B]Data to be released on Wednesday : [/B]
France market holiday, Italy market holiday, UK CPI, RPI, PPI input, PPI output, DCLG house price.
U.S. labor costs, productivity, retail sales, industrial production, capacity utilization, manufacturing output, business inventories, NAHB housing market index.
AceTraderFx Aug 17: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 17 Aug 2018[/B] [I]05:30 GMT[/I]
USD/JPY - 110.71
The greenback’s retreat from Wednesday’s high at 111.43 to 110.43 the same day and subsequent weakness suggests correction from Monday’s 6-week trough at 110.12 has ended there and consolidation with downside bias remains, however, below 110.43 is needed to revive bearishness for a re-test of said support, break would extend decline from July’s 6-month peak at 113.17 towards 109.88/90 later.
On the upside, only above 111.12 would indicate pullback from 111.43 has ended and bring gain towards said resistance, break would yield stronger retracement of aforesaid decline towards 111.88/90.
U.S. will release July leading indicators and University of Michigan August consumer confidence at 14:00GMT later today.
AceTraderFx Aug 22: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 22 Aug 2018 09:30 GMT
USD/JPY - 110.42
Although the greenback has rebounded after yesterday’s fall below August’s 6-week trough at 110.11 to 109.78 on comments from U.S. President Donald Trump and minor consolidation is in store, as said move signals decline from July’s 6-month peak at 113.17 has once again resumed, downside bias is retained for another fall towards 109.57/60 later, however, over sold condition would keep price above 109.20 and yield correction.
On the upside, only above 111.12 would indicate a temporary low has been made and risk would increase for a stronger retracement towards 111.43.
On the data front, U.S. will release MBA mortgage applications, existing home sales.
Key event to watch for is the start of a 2-day U.S./China trade talks in Washington and then last but not least, release of FOMC minutes at 18:00GMT, however, market is keenly awaiting Fed Chairman J. Powell’s speech at Jackson Hole on Friday.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
AceTraderFx Aug 23: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 23 Aug 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 110.86
Although dollar’s intra-day break of yesterday’s high at 110.62 to 110.93 ahead of European open due to decline in Aussie suggests fall from July’s 6-month high at 113.17 has made a temporary low at Tuesday’s 7-week trough of 109.78 and consolidation with upside bias would be seen, overbought condition should cap price below 111.43 and yield retreat.
On the downside, below 110.22 would indicate recovery has ended instead, risk weakness towards 110.02/03, then 109.78 again.
[B]
Data out on Thursday: [/B]
Japan Nikkei manufacturing PMI, leading economic index, coincident index.
France business climate, Markit manufacturing PMI, Markit services PMI, Swiss industrial production, Germany Markit manufacturing PMI, Markit services PMI, EU Markit manufacturing PMI, Markit services PMI, consumer confidence, UK CBI distributive trades.
U.S. building permits, initial jobless claims, monthly home price, Markit manufacturing PMI, Markit services PMI, new home sales, KC Fed manufacturing.
AceTraderFx Aug 24: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 24 Aug 2018[/B] [I]10:00 GMT[/I]
USD/JPY - 111.43
Dollar’s spectacular rally from Tuesday’s 7-week low at 109.78 to 111.49 in Asia today on active yen-selling suggests recent decline from July’s 6-month peak at 113.17 has made a temporary low and consolidation with upside bias remains for gain towards 111.88/96, but overbought condition should keep price below Aug’s high at 112.15.
On the downside, only below 110.75/76 would indicate temporary top is made instead, risk weakness towards 110.50/55, then 110.20/25.
[B]Data to be released on Friday : [/B]
Germany GDP, France consumer confidence, UK BBA mortgage approvals.
U.S. durable goods. The annual Federal Reserve conference in Jackson Hole, Wyoming.
AceTraderFx Jul 27: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 27 Jul 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 111.17
The greenback’s rally from last Tuesday’s 7-week low at 109.78 to 111.49 Friday on active yen-selling suggests recent decline from July’s 6-month peak at 113.17 has made a temporary low there and consolidation with upside bias remains for gain towards 111.88/96 but overbought condition should keep price below Aug’s high at 112.15 and yield retreat later this week.
On the downside, only below 110.75/76 would indicate temporary top is made instead, risk weakness towards 110.50/55, then 110.20/25.
After Friday’s blockbuster Fed’s annual symposium in Jackson Hole, U.S. will later release Chicago Fed national activity index and then Dallas Fed mfg business index.
AceTraderFx Jul 28: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 28 Jul 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 111.12
Dollar’s intra-day rise and then break of Monday’s European high at 111.19 to 111.36 in Asia suggests pullback from last Friday’s near 3-week peak at 111.49 has ended at 110.94 yesterday, subsequent retreat would yield consolidation before another rise and above 111.49 would extend gain towards 111.88, break, 112.15.
Below 110.92/94 would risk stronger retracement towards 110.76 but 110.50/55 would remain intact.
On the data front, the U.S. will release a slew of eco. data starting with wholesale inventories, goods trade balance, Redbook sales, CaeShiller home price, after release of these 2nd-tier data, we have Aug consumer confidence and then Richmond Fed August mfg index.
AceTraderFx Aug 29: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 29 Aug 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 111.17
Despite dollar’s retreat from yesterday’s high at 111.36 to 110.96 in New York, subsequent strong rebound due to upbeat U.S. consumer confidence and rising U.S. Treasury yields suggests pullback from last Friday’s 2-1/2 week peak at 111.49 has ended at 110.94 on Monday and consolidation with upside bias is seen, above 111.49 would head to 112.00. However, 112.15 resistance should hold.
Only below 110.92/94 would indicate a temporary top has been made, risk stronger retracement towards 110.76 before prospect of rebound.
On the data front, U.S. will release MBA mortgage application, Q2 prelim. GDP, core PCE (pay attention to these 2 important data, if we have upside beat, then usd will continue its Tuesday’s gain) n later pending home sales.
AceTraderFx Aug 30: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 30 Aug 2018[/B] [I]10:00 GMT[/I]
USD/JPY - 111.68
Dollar’s rally from 111.12 in Asia and subsequent break of last Friday’s 111.49 high to near 4-week peak at 111.83 in New York yesterday due to rising U.S. Treasury yields suggests recent upmove from Aug’s 7-week trough at 109.78 has resumed and as 111.52 (Asia) has contained intra-day pullback, bullishness is retained for gain towards 112.15, then 112.50/60 later.
However, daily resistance at 113.17 should remain intact and yield retreat later.
Only below 111.36 would indicate temporary top is made and risks stronger retracement towards 110.94/96.
U.S. will release a slew of eco. data starting with weekly jobless claims, July personal spending n income and important July PCE and core PCE, all due out at 12:30GMT.
AceTraderFx Sept 03: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 03 Sept 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 111.00
Although the greenback has recovered after last week’s selloff from Wednesday’s high at 111.83 to 110.69 Friday and minor consolidation is in store for 1-2 days, as said move signals recovery from August’s trough at 109.78 has ended there, downside bias is retained and below 110.69 would bring further weakness towards 110.03. However, said low should hold on first testing and yield rebound.
On the upside, only above 111.49 would indicate the pullback from 111.83 has ended instead and risk would increase for a re-test of aforesaid resistance.
No U.S. eco. data is due out today as U.S. financial markets are closed for Labor Day holiday (so is Canada). BoJ’s Kuroda will deliver a keynote speech at 05:40GMT at a symposium in Tokyo.
AceTraderFx Sept 04: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 04 Sept 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 111.46
The greenback’s intra-day rally on dollar’s broad-based strength suggests the pullback from last Wednesday’s high at 111.83 has ended at 110.69 last Friday and consolidation with upside bias remains for upmove from August’s 4-month trough at 109.78 to resume and yield re-test of said resistance, break would extend towards 112.15/20 later before prospect of retreat later this week.
On the downside, only below 110.85 would indicate aforesaid recovery has ended instead and risk would increase for a re-test of 110.69, break yields retracement towards 110.32.
[B]
Data out later on Tuesday : [/B]
Swiss CPI, UK BRC retail sales, Markit construction PMI, EU producer prices.
Canada Markit Manufacturing PMI, and U.S. Markit Manufacturing PMI, construction spending, ISM manufacturing PMI
AceTraderFx Sept 05: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 05 Sept 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 111.52
The greenback’s intra-day rally on dollar’s broad-based strength suggests the pullback from last Wednesday’s high at 111.83 has ended at 110.69 last Friday and consolidation with upside bias remains for upmove from August’s 4-month trough at 109.78 to resume and yield re-test of said resistance, break would extend towards 112.15/20 later before prospect of retreat later this week.
On the downside, only below 110.85 would indicate aforesaid recovery has ended instead and risk would increase for a re-test of 110.69, break yields retracement towards 110.32.
[B]Data out later on Wednesday : [/B]
Italy Markit services PMI, France Markit services PMI, Germany Markit services PMI, EU Markit services PMI, retail sales, UK Markit services PMI.
U.S. MBA mortgage applications, trade balance, goods trade balance, redbook, ISM New York index, Canada trade balance, import, export, labor productivity rate.
AceTraderFx Sept 07: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 07 Sept 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 110.69
Dollar’s intra-day selloff yesterday on downbeat U.S. ADP data together with increase trade tensions and break of previous support at 110.69 to 110.53, then lower to 110.38 today suggests decline from last week’s high at 111.83 to retrace upmove from August’s trough at 109.78 has resumed and further weakness towards 110.20 would be seen but said low should remain intact ahead of today’s NFP release.
On the upside, only above 110.94 would indicate a temporary low has been made and risk would increase for a stronger retracement towards 111.17/20.
[B]Data to be released later: [/B]
Swiss unemployment rate, Germany industrial output, imports ,exports, trade balance, current account, France exports, imports, trade balance, industrial output, current account, UK, Halifax house prices, RICS housing price balance, Italy retail sales, EU GDP.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, and Canada employment change, unemployment rate, Ivey PMI.
AceTraderFx Sept 10: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 10 Sept 2018[/B] [I]10:00 GMT[/I]
USD/JPY - 111.03
Despite dollar’s initial drop to 110.38 on Friday on increase in U.S.-China trade tensions, subsequent rally to 111.25 on robust U.S. jobs report suggests recent decline from 111.83 to retrace upmove from August’s trough at 109.78 has made a temporary low there and choppy trading with upside bias would be seen for gain towards 111.43, however, near term loss of momentum would keep price below 111.83, yield retreat.
On the downside, only below 110.38 would revive bearishness for weakness towards 110.11 but August’s low at 109.78 would hold on first testing.
[B]Data out today: [/B]
New Zealand manufacturing sales, Japan current account, trade balance, GDP, eco watchers current, eco watchers outlook, China PPI, CPI, UK GDP, industrial output, manufacturing output, construction output, trade balance, NIESR GDP estimate, and EU Sentix index.
AceTraderFx Sept 11: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 11 Sept 2018 09:30 GMT
USD/JPY - 111.52
Despite dollar’s initial drop to 110.38 on Friday on increase in U.S.-China trade tensions, subsequent rally to 111.25 on robust U.S. jobs report, then to 111.55 today suggests recent decline from 111.83 to retrace upmove from August’s trough at 109.78 has made a temporary low there and choppy trading with upside bias would be seen for gain towards 111.83, however, near term loss of momentum would keep price below 112.13, yield retreat.
On the downside, only below 110.38 would revive bearishness for weakness towards 110.11 but August’s low at 109.78 would hold on first testing.
Data to be released later on Tuesday :
France non-farm payrolls, UK claimant count, ILO unemployment rate, employment change, average weekly earnings, Germany ZEW economic sentiment, ZEW current conditions, EU ZEW economic sentiment.
Canada housing starts, and U.S. redbook, JOLTS job openings, wholesale inventories, wholesale sales.