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AceTraderFx Apr 08: Intra-Day News and Views –USD/CHF

Intra-Day Market Moving News and Views
Update Time: 08 Apr 2022 05:30GMT

USD/CHF OUTLOOK - 0.9350
Dlr's rally to 0.9350 (Europe) on Wed suggests early correction from March's peak at 0.9460 has ended 0.9196 last Thursday and despite subsequent retreat to 0.9306, yesterday's rebound to 0.9347 and intra-day brief break above 0.9350 in Asia would head towards 0.9373.

Trade from long side for 0.9366 1st and only below 0.9321 may risk stronger retracement towards 0.9306.

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AceTraderFx Apr 19: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 19 Apr 2022 03:00GMT

EUR/USD - 1.0774
Euro's selloff from last Thursday's peak at 1.0923 to a near 2-year bottom at 1.0758 in post-ECB suggests medium term downtrend remains in force and as 1.0830 has capped subsequent recovery, yesterday's retreat to 1.0771 on broad-based usd's strength due to rally in U.S. yields suggests consolidation with downside bias remains, below 1.0758 would yield 1.0730/35.

On the upside, only a daily close above 1.0834 signals a temporary trough is in place and risks stronger gain to 1.0860/70.

Data to be released on Tuesday :
New Zealand business NZ PSI, GDT price index, Japan industrial production, capacity utilization.
Canada housing starts, U.S. housing starts, building permits and redbook.

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AceTraderFx Apr 27: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 27 Apr 2022 09:30GMT

USD/JPY - 127.85
Despite dollar's marginal break of 127.03 (Tue) to a 1-week bottom at 126.96 in Australia today, subsequent strong recovery on active selling in yen suggests 1st leg of correction from Apr's near 20-year peak at 129.40 over and above 127.85/90 would yield stronger gain to 128.20/22 but reckon 128.49/59 resistance would remain intact initially.

On the downside, only a daily close below 126.96 would risk one more fall to 126.45/50.

Data to be released on Wednesday:
Italy trade balance, Swiss investor sentiment.
U.S. MBA mortgage application, goods trade balance, wholesale inventories and pending home sales

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AceTraderFx May 03: Intra-Day News and Views– USD/CHF

Intra-Day Market Moving News and Views
Update Time: 03 May 2022 05:30GMT

USD/CHF OUTLOOK - 0.9785
Dlr's intra-day break of Thursday's fresh 22-month 0.9758 high to 0.9789 in New York due to continued usd's strength suggests Long Term uptrend would head to 0.9802, then towards 0.9848, loss of momentum should cap price below 0.9855/59 and yield minor correction later.

Buy again for this move n only below 0.9715/20 signals temp. top made, risks 0.9700/03, 0.9672.

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AceTraderFx May 10: Intra-Day News and Views– EUR/USD

Intra-Day Market Moving News and Views
Update Time: 10 May 2022 05:30GMT

EUR/USD OUTLOOK - 1.0576
Despite euro's rise on Monday from 1.0496 (Europe) to 1.0572 at New York open and then brief but sharp retreat to 1.0517 and then rally to 1.0592, subsequent retreat on renewed safe-haven usd's buying on selloff in US stocks suggests consolidation with downside bias.

Intra-day firmness in Asia may head to 1.0585/90 and only above 10592 risks 1.0600. Below 1.0540, 1.0517.

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AceTraderFx May 19: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 19 May 2022 03:00GMT

EUR/USD - 1.0479
Euro's selloff from 1.0563 to 1.0461 in New York yesterday on renewed safe-haven usd's buying due to fall in U.S. yields and U.S. stocks suggests recent corrective upmove from last Friday's fresh 5-year bottom at 1.0350 has ended there and below 1.0438/42 would yield further weakness to 1.0390/00 later.

On the upside, only a daily close above 1.0495/00 may risk stronger recovery to 1.0530/40.

Data to be released on Thursday:
Japan machinery orders, exports, imports, trade balance, Australia employment change, unemployment rate.
EU current account, construction orders.
U.S. initial jobless claims, continuing jobless claims, Philly Fed manufacturing index, existing home sales, leading index, Canada new housing price index and producer prices.

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AceTraderFx May 25: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 25 May 2022 02:00GMT

EUR/USD - 1.0728
Although euro's rally above 1.0697 (Mon) to a 1-month peak at 1.0748 in New York after hawkish comments from ECB's Lagarde suggests upmove from May's 5-year bottom at 1.0350 would extend marginally, reckon 1.0770/75 would remain intact and yield prospect of another fall due to loss of momentum.

On the downside, daily close below 1.0697 would indicate a temporary top is in place and yield weakness towards 1.0662, break, 1.0608/10 later.

Data to be released on Wednesday:
Australia construction work done, New Zealand RBNZ interest rate decision, Japan coincident index, leading indicator.
Germany GDP, Gfk consumer confidence, France consumer confidence, Swiss investor sentiment, U.S. mortgage application, durable goods, durables ex-transport and durables ex-defense.

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