AceTraderFx Jun 25: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 25 Jun 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 109.46
Dollar’s intra-day selloff below last week’s 109.55 low in Asian morning due to active safe-haven yen buying following media report that U.S. is planning to limit on Chinese investment in U.S. technology firms signals decline from June’s 110.90 peak has resumed and would head to 109.20 target, then 108.90/00.
On the upside, only above 110.03 (New Zealand high) confirms temporary low is made and may risk stronger retracement to 109.20/30.
U.S. will release a slew of second-tier data starting with building permits, Chicago Fed national activity index, new home sales n Dallas Fed mfg business index. BoJ member Sakurai will speak at an international forum in Italy at 12:15GMT.
AceTraderFx Jun 27: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 27 Jun 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 109.81
Despite the greenback’s 1-tick break of Monday’s low at 109.38 on Tuesday, subsequent rebound suggests pullback from June’s high at 110.90 has possibly ended there and choppy trading with upside bias would be seen, however, above 110.22 is needed to confirm this view and yield stronger gain towards 110.76 later this week.
On the downside, only below 109.37 would revive bearishness for stronger retracement of rise from May’s trough at 108.12 towards 108.72 later.
AceTraderFx Jun 29: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 29 Jun 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 110.69
Despite the greenback’s 1-tick break of Monday’s low at 109.38 on Tuesday, subsequent rally to 110.79 today suggests pullback from June’s high at 110.90 has possibly ended there and choppy trading with upside bias would be seen for recent upmove from 108.12 to resume and yield re-test of aforesaid resistance.
Break would extend towards 111.05/10 before prospect of a correction later next week.
On the downside, only below 109.37 would revive bearishness for stronger retracement of rise from May’s trough at 108.12 towards 108.72 later.
AceTraderFx Jul 03: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 03 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 110.94
Although price has retreated after intra-day break of yesterday’s high at 111.06 to 111.16 in Asia and minor consolidation would be seen, as said move signals erratic upmove from May’s trough at 108.12 has resumed, upside bias is retained and above said resistance would extend marginally.
However, May’s peak at 111.40 should hold on first testing and yield retreat later.
On the downside, only below 109.55 would indicate a temporary top has been made, risk stronger retracement towards 109.37/40 before prospect of rebound.
On the eco. data front, U.S. will later release Redbook retails sales, ISM New York index, May durable goods revision n factory orders.
AceTraderFx Jul 05: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 05 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 110.69
The greenback’s intra-day rebound after failure to penetrate yesterday’s low at 110.28 suggests the pullback from Tuesday’s high at 111.14 has ended there and consolidation with upside bias remains for near term upmove from 108.12 to resume and yield re-test of aforesaid resistance, break would extend marginally but daily resistance at 111.40 would hold ahead of today’s FOMC minutes and yield retreat.
On the downside, only below 110.28 would revive bearishness for a stronger retracement towards 109.97 but 109.69/70 should remain intact.
The U.S, market will reopen after yesterday’s Independence Day closure, on the data front, we have the important ADP private payrolls, weekly jobless claims, Markit services PMI, ISM non-mfg PMI and last but not the least, release of previous FOMC meetings at 18:00GMT.
AceTraderFx Jul 06: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 06 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 110.61
The greenback’s intra-day rebound after yesterday’s failure to penetrate Wednesday’s low at 110.28 suggests the pullback from Tuesday’s high at 111.14 has ended there and consolidation with upside bias remains for near term upmove from 108.12 to resume and yield re-test of aforesaid resistance.
Break would extend marginally but daily resistance at 111.40 would hold ahead of today’s U.S. jobs report and yield retreat.
On the downside, only below 110.28 would revive bearishness for a stronger retracement towards 109.97 but 109.69/70 should remain intact.
U.S. will release U.S. NFP, average earnings and trade balance all at 12:30GMT.
**AceTraderFx Jul 09: Daily Recommendations on Major -USD/**JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 09 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 110.47
The greenback’s rebound after failure to penetrate Wednesday’s low at 110.28 suggests the pullback from Tuesday’s high at 111.14 has ended there and consolidation with upside bias remains for near term upmove from 108.12 to resume and yield re-test of aforesaid resistance, break would extend marginally but daily resistance at 111.40 would hold initially and yield retreat.
On the downside, only below 110.28 would revive bearishness for a stronger retracement towards 109.97 but 109.69/70 should remain intact.
[B]Data to be released on Monday : [/B]
Japan current account, Economy Watchers outlook, Economy Watchers current, Swiss unemployment rate, Germany exports, imports, trade balance, current account, and EU sentix index.
AceTraderFx Jul 10: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 10 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 111.07
The greenback’s rally yesterday on dollar’s broad-based strength and intra-day break of last week’s high at 111.14 to 111.20 suggests a re-test of May’s 3-month peak at 111.40 is forthcoming, break would extend medium-term rise from March’s low at 104.57 towards 111.79/80 later.
However, over bought condition would keep price below 112.00/10 and yield a much-needed correction later.
On the downside, only below 110.55 would indicate a temporary top has been made and risk stronger retracement towards 110.28/30.
On the data front, U.S. will release some 3rd-tier eco. data starting with Redbook retails sales n then JOLTS job openings, so these data should go unnoticed.
AceTraderFx Jul 11: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 11 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 111.04
The greenback’s rally yesterday on dollar’s broad-based strength to 111.35 suggests a re-test of May’s 3-month peak at 111.40 is forthcoming after minor consolidation, break would extend medium-term rise from March’s low at 104.57 towards 111.79/80 later, however, over bought condition would keep price below 112.00/10 and yield a much-needed correction later this week.
On the downside, only below 110.55 would indicate a temporary top has been made and risk stronger retracement towards 110.28/30.
On the data front, U.S. will release MBA mortgage applications, Jun PPI, wholesale inventories and wholesale sales. Atlanta Fed President Bostic (voter) will speak at 16:30GMT.
AceTraderFx Jul 13: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 13 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 112.76
The greenback’s rally yesterday on dollar’s broad-based strength to 112.62, then intra-day break of this resistance to a 6-month peak at 112.79 suggests medium-term rise from March’s low at 104.57 remains in progress and further gain towards 113.00/10 later.
However, over bought condition would keep price below 113.28/30 and yield a much-needed correction early next week.
On the downside, only below 111.40 would indicate a temporary top has been made and risk would increase for a stronger retracement towards 111.01/10 but support at 110.77 should remain intact, yield rebound.
U.S. will release some 2nd-tier eco. data starting with import and export prices and then July University of Michigan consumer confidence. Atlanta Fed President Bostic (voter) will be speaking at 16:30GMT later in the day.
AceTraderFx Jul 16: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 16 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 112.45
The greenback’s rally last week on dollar’s broad-based strength to a fresh 6-month peak at 112.79 Friday suggests medium-term rise from March’s low at 104.57 remains in progress and consolidation with upside bias remains for further gain towards 113.00/10 late.
However, over bought condition would keep price below 113.28/30 and yield a much-needed correction later this week.
On the downside, only below 111.40 would indicate a temporary top has been made and risk would increase for a stronger retracement towards 111.01/10 but support at 110.77 should remain intact, yield rebound.
[B]Data out today: [/B]
UK Rightmove house price, Japan market holiday, Italy trade balance, global trade balance, EU trade balance, and U.S. New York Fed manufacturing index, retail sales, business inventories.
AceTraderFx Jul 19: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 19 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 112.95
The greenback’s rise yesterday above last week’s fresh 6-month peak at 112.79 Friday to 113.14 suggests medium-term rise from March’s low at 104.57 remains in progress and consolidation with upside bias remains for further gain towards 113.28/30 later.
However, over bought condition would keep price below 113.40/50 and yield a much-needed correction later this week.
On the downside, only below 111.40 would indicate a temporary top has been made and risk would increase for a stronger retracement towards 111.01/10 but support at 110.77 should remain intact, yield rebound.
U.S. will release weekly jobless claims, Philly Fed survey n leading indicators later today.
AceTraderFx Jul 23: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 23 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 110.97
Despite the greenback’s rise to a fresh 6-month peak at 113.17 last Thursday, subsequent selloff to 110.75 in Asia today suggests medium-term upmove has made a temporary top there and consolidation with downside bias remains for weakness towards 110.50/55.
However, loss of downward momentum would keep price above 110.28 and yield rebound later.
On the upside, only above 113.17 would revive bullishness for gain towards 113.50/55 but over bought condition would keep price below 114.00 and yield a much-needed correction later this week.
[B]
Data to be released today : [/B]
Canada wholesale sales, EU consumer confidence, and U.S. national activity index, existing home sales.
AceTraderFx Jul 24: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 24 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 111.25
Despite the greenback’s rise to a fresh 6-month peak at 113.17 last Thursday, subsequent selloff to 110.75 in Asia yesterday suggests medium-term upmove has made a temporary top there and consolidation with downside bias remains for weakness towards 110.50/55.
However, loss of downward momentum would keep price above 110.28 and yield rebound later.
On the upside, only above 113.17 would revive bullishness for gain towards 113.50/55 but over bought condition would keep price below 114.00 and yield a much-needed correction later this week.
[B]Data to release on Tuesday : [/B]
Japan Nikkei manufacturing PMI, leading economic index, coincident index.
France business climate, Markit manufacturing PMI, Markit services PMI, Germany Markit manufacturing PMI, Markit services PMI, Italy trade balance, EU Markit manufacturing PMI, Markit services PMI, UK CBI industry trends survey.
U.S. redbook, monthly home price, Markit manufacturing PMI, Markit services PMI, Richmond Fed manufacturing index
AceTraderFx Jul 27: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 27 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 111.04
Although the greenback has staged a recovery to 111.24 after yesterday’s break of Monday’s low at 110.75 to 110.59 and minor consolidation would be seen ahead of U.S. GDP release today, as said move signals decline from July’s 6-month peak at 113.17 has resumed, downside bias is retained for another fall later today or early next week.
Below 110.59 would extend towards 110.28/30 before prospect of a rebound later.
On the upside, only above 111.54 would indicate a temporary low has been made and risk would increase for a much needed retracement to 111.80/85.
[B]Data to be released on Friday : [/B]
Japan Tokyo CPI, Australia PPI, France GDP, Germany import prices, France consumer spending, Italy producer prices, Canada budget balance, and U.S. GDP, PCE, University of Michigan sentiment
AceTraderFx Jul 30: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 30 Jul 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 111.07
Although the greenback has staged a recovery to 111.26 after last Thursday’s fall to as low as 110.59 and minor consolidation would be seen, as said move signals decline from July’s 6-month peak at 113.17 has resumed, downside bias is retained for another fall later this week.
Below 110.59 would extend towards 110.28/30 before prospect of a rebound later.
On the upside, only above 111.54 would indicate a temporary low has been made and risk would increase for a much needed retracement to 111.80/85.
On the eco. data front, U.S. will release some 2nd-tier data starting with Jun new home sales n Jul Dallas Fed mfg business index.
AceTraderFx Aug 03: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 03 Aug 2018[/B] [I]9:30 GMT[/I]
USD/JPY - 111.73
Despite the greenback’s selloff to 110.59 last Thursday, subsequent strong rally to 111.96 Tuesday, then to 112.15 Wednesday suggests decline from July’s 6-month peak at 113.17 has made a temporary low there and choppy trading with upside bias would be seen for stronger retracement towards 112.40/41 but near term loss of momentum would keep price below 112.80/82 ahead of U.S. jobs data.
On the downside, only below 110.75 would confirm aforesaid recovery has ended instead and risk re-test of 110.59, break would extend to 110.28/30.
[B]Data to be released on Friday : [/B]
France budget balance, Markit services PMI, Swiss CPI, Italy Markit services PMI, industrial output, retail sales, Germany Markit services PMI, EU Markit services PMI, retail sales, UK Markit services PMI.
Canada trade balance, exports, imports, and U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, trade balance, goods trade balance, Markit services PMI, ISM non-manufacturing PMI.
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.