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acetraderforex
post Sep 8, 2021, 04:09 AM
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post Sep 8, 2021, 04:09 AM
Post #81
AceTraderFx Sept 08: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 08 Sept 2021 03:00GMT

EUR/USD - 1.1847
Yesterday's break of 1.1856 low to 1.1838 due to broad-based usd's strength on the back of rally in U.S. yields suggests recent upmove from August's 1.1664 bottom has made a temporary top at Friday's 1-month peak at 1.1908 and stronger retracement is seen, however, near term, o/sold condition should keep price above 1.1757 (61.8% r from 1.1864).

On the upside, only above 1.1884/86 res signals pullback has ended and yields re-test of 1.1908 later today or tomorrow.

Data to be released on Wednesday:
Japan current account, trade balance, GDP, Eco watchers outlook, Eco watchers current.
France non-farm payrolls, current account, trade balance, imports, exports, Italy retail sales.
U.S. MBA mortgage application, redbook, JOLTS job openings, Canada BoC interest rate decision and Ivey PMI.

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acetraderforex
post Sep 10, 2021, 10:47 AM
Post #82
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post Sep 10, 2021, 10:47 AM
Post #82
AceTraderFx Sept 10: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major

Update Time: 10 Sept 2021 03:00GMT

USD/JPY - 109.88
Yesterday's cross-inspired decline to 110.63 in New York due to safe-haven yen buying suggests recent erratic rise from 109.12 has made a top at Wednesday's 3-1/2 week peak of 110.44 and consolidation with downside bias is seen for weakness to 109.42, however, reckon 109.12 should remain intact.

Only above 110.15 indicates pullback is over, then risk is seen for subsequent re-test of 110.44 later next week.

T.G.I.F. after a roller-coaster week (dlr rose on Mon from 109.63 to 110.44 yesterday and only to fall back to exactly where it started !), U.S. will later release a slew of eco. data, please refer to our EI page for details n pay attention to PPI n core PPI at 12:30GMT.
We also have Cleveland Fed President Mester speaking at 13:00GMT.

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acetraderforex
post Sep 16, 2021, 10:41 AM
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post Sep 16, 2021, 10:41 AM
Post #83
AceTraderFx Sept 16: Daily Recommendations on Major -EUR/USD


DAILY MARKET OUTLOOK on Major

Update Time: 16 Sept 2021 03:00GMT

EUR/USD - 1.1820
Despite yesterday's sideways swings following early retreat from 1.1845 to 1.1800 on Tuesday, as this move signals recovery from Monday's 1.1771 low has possibly ended, downside bias remains, a daily close below 1.1800 would encourage for resumption of decline from September's 1.1908 peak, however, loss of downward momentum should keep price above 1.1730/35.

Only above 1.1845/51 res area dampens bearish outlook and may risk stronger gain to 1.1884/86 but only break there would yield subsequent re-test of 1.1908.

Data to be released on Thursday:
New Zealand GDP, Japan exports, imports, trade balance, Australia consumer inflation experience, employment change, unemployment rate, RBA Bulletin.
Italy trade balance, EU trade balance.
Canada housing starts, wholesale trade, ADP employment change, U.S. initial jobless claims, continuing jobless claims, Philly Fed manufacturing index, retail sales and business inventories.

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acetraderforex
post Sep 20, 2021, 10:48 AM
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post Sep 20, 2021, 10:48 AM
Post #84
AceTraderFx Sept 20: Daily Recommendations on Major –USD/JPY


DAILY MARKET OUTLOOK on Major

Update Time: 20 Sept 2021 09:30GMT

USD/JPY - 109.71
Dollar's selloff from Tuesday's high at 110.15 to 109.53 due to the release of soft U.S. inflation data suggests early upmove from 109.12 has ended at 110.44 in Sep and intra-day break below there suggests bearishness is retained for a re-test of aforesaid support, break would extend decline from August's peak at 110.79 marginally, however, support at 108.73 should remain intact and yield rebound later.

On the upside, only above 109.60/63 would indicate a temporary low has been made and risk stronger retracement to 109.99/00, then 110.15/20 later.

Data to be released later:

New Zealand Westpac consumer survey, Japan market holiday, China market holiday.
U.K. Rightmove house price , Germany producer prices.
U.S. NAHB housing market index on Monday.


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acetraderforex
post Sep 21, 2021, 10:52 AM
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post Sep 21, 2021, 10:52 AM
Post #85
AceTraderFx Sept 21: Daily Recommendations on Major –USD/JPY


DAILY MARKET OUTLOOK on Major

Update Time: 21 Sept 2021 09:30GMT

USD/JPY - 109.64
Although dollar's intra-day rebound after yesterday's selloff from 110.03 to 109.33 in tandem with U.S. yields and active safe-haven buying in jpy suggests choppy trading above last week's bottom at 109.12 would continue, as long as 109.82 holds, daily bearishness remains and below 109.12 would extend recent decline towards support at 108.73.

On the upside, only above Friday's high at 110.07 would risk stronger retracement to 110.25/30 but resistance at 110.44 should remain intact.

The Fed starts its 2-day FOMC meeting today and on the data front, we have current account, building permits n housing starts. Traders will continue to take cue from global stock performance n movement in U.S. yields.


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acetraderforex
post Sep 27, 2021, 04:08 AM
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post Sep 27, 2021, 04:08 AM
Post #86
AceTraderFx Sept 27: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 27 Sept 2021 03:00GMT

EUR/USD - 1.1722
Friday's retreat to 1.1701 (New York) suggests recovery from Thursday's fresh 4-week low at 1.1684 has ended at 1.1750 and subsequent sideways swings would bring consolidation before re-test of 2021 bottom at 1.1664.

Only above 1.1750/55 res dampens bearish outlook and risks stronger retracement towards 1.1788 but reckon 1.1800 would cap upside and yield decline.

On the eco. front, we have France's producer prices, Italy's trade balance and Germany's Bundesbank monthly report. ECB President Lagarde will speak before European Parliament at 11:45GMT.
ECB's Panetta n de Cos will also speak later in the day (please refer to EI page for details).


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acetraderforex
post Sep 29, 2021, 10:42 AM
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post Sep 29, 2021, 10:42 AM
Post #87
AceTraderFx Sept 29: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major

Update Time: 29 Sept 2021 09:30GMT

USD/JPY - 111.23
Although dollar's retreat from intra-day 1-1/2 year peak at 111.68 suggests recent uptrend has made a temporary top and consolidation is in store, as long as 111.06 holds, gain to 111.90/00 is likely but loss of momentum would cap price below 112.22.

Only a daily close below 111.06 risks stronger retracement towards 110.79 before prospect of rebound tomorrow.

U.S. will release second-tier eco. data MBA mortgage applications n pending home sales. Fed Chair will appear before the U.S. Senate on his second day of 2-day testimony on Capital Hill, we also have a number of Fed officials scheduled to speak in New York session, please refer to our EI page for details


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acetraderforex
post Oct 4, 2021, 07:12 AM
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post Oct 4, 2021, 07:12 AM
Post #88
AceTraderFx Oct 04: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 04 Oct 2021 03:00GMT

EUR/USD - 1.1607
Although intra-day firm break of 1.1607/10 suggests recent downtrend has made a temporary 14-month trough at 1.1563 and marginal gain can't be ruled out, near term overbought condition should cap price below 1.164 (previous sup, now res) should hold and yield decline later today or tomorrow.

Below 1.1583/93 anytime signals recovery over, then euro would extend medium-term downtrend towards projected target at 1.1536.

Eco. calenar is pretty light with EU's Sentix investor sentiment being the only data due out at 08:30GMT.
There is a Eurogroup as well as EcoFin meeting today.


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acetraderforex
post Oct 8, 2021, 07:20 AM
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post Oct 8, 2021, 07:20 AM
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AceTraderFx Oct 08: Intra-Day News and Views & data to be released today –USD/JPY

Intra-Day Market Moving News and Views

Update Time: 08 Oct 2021 05:30GMT

USD/JPY - 111.77.. Dlr remains on the front foot in early Tokyo trading on Friday following yesterday's rebound from 111.24 (Europe) to 111.65 in New York as improved risk sentiment due to expectation of U.S. Senate would approve a temp. lift to U.S. debt ceiling pushed up U.S. yields (benchmark 10-year hit fresh 3-1/2 month high of 1.580%, circa 1.588%) n U.S. stocks.

As intra-day brief weak of Wednesday's 111.78 high on renewed cross-selling in yen suggests pullback from September's 19-month peak at 112.07 has ended, re-test of this level is envisaged, break there would encourage for gain to 112.22 (Nov 2020 high), then towards 112.66 next week.
Bids have been raised to 111.70-60 and more below with some stops below 111.50 while offers are tipped at 112.00/10 with stops above there.

T.G.I.F., market is keenly awaiting release of key U.S. September jobs report after last month's surprise weak reading. Street forecast for non-farm payroll is for an increase of 500k vs prev. number of 235K.
If actual comes in as per market forecast or a slight upside beat, then the greenback would move higher broadly while the flip side would occur if NFP is weaker than expectation, good luck.


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