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acetraderforex
post Jun 15 2021, 10:49 AM
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post Jun 15 2021, 10:49 AM
Post #61
AceTraderFx Jun 15: Daily Recommendations on Major –USD/JPY


DAILY MARKET OUTLOOK on Major

Update Time: 15 Jun 2021 09:30GMT

USD/JPY - 110.09
The greenback's rally from 109.33 in Europe on Friday to 110.15 today on rise in U.S. Treasury yields suggests pullback from June's near 2-month peak at 110.33 has ended at 109.20 last Monday and consolidation with upside bias remains for gain to 110.05/10, however, said resistance may hold on first testing and yield retreat later this week.

On the downside, only below 109.20 would revive bearishness for stronger weakness to 108.80/90 before prospect of a rebound later.

Data to be released on Tuesday:
New Zealand Westpac consumer survey, food price index, GDT price index, Australia house price index, Japan tertiary industry activity.
Germany CPI, HICP, UK claimant count, ILO unemployment rate, employment change, average weekly earnings, France CPI (EU norm), CPI, Italy CPI, CPI (EU norm), EU trade balance.

Canada housing starts and U.S. New York Fed manufacturing index, PPI, core PPI, retail sales, retail sales ex-autos, redbook, industrial production, capacity utilization, manufacturing output, business inventories, NAHB housing market index.


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acetraderforex
post Jun 18 2021, 11:08 AM
Post #62
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post Jun 18 2021, 11:08 AM
Post #62
AceTraderFx Jun 18: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major

Update Time: 18 Jun 2021 09:30GMT

USD/JPY - 110.15
Dollar's rally yesterday after Fed's hawkish hold and then break of previous June's 110.33 high to 110.71, then 110.82 in Asia today suggests early correction from March's 1-year 110.96 peak has ended at 107.49 in April, above extends uptrend from 2021 January's 102.60 trough to 111.60/70 b4 prospect of correction.

On the downside, only a daily close below 110.33 may risk stronger retracement to 109.81/85.

T.G.I.F. n no U.S. eco. data is due out, so market will take cue from movement in U.S. yields n intra-day price swings in U.S. stocks as 'volatility' is expected on today so-called 'quadruple witching' day due to expiries of stock index futures, stock index options, stock options n lastly, single stock futures.


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