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What about long-term projections?
AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY
- Thread starter acetraderfx
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acetraderfx
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AceTraderFx Feb 02: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 02 Feb 2018 09:30 GMT
USD/JPY - 109.73
The greenback's rally to 109.45 Wednesday in post-FOMC trading due partly to a hawkish FOMC statement and then yesterday's rise above this resistance to 109.75 suggests recent decline has made a temporary low at last Friday's fresh 4-month trough at 108.29 and choppy trading with upside bias would be seen for a stronger retracement to 109.90 but near term loss of momentum would keep price below 110.20 and yield retreat.
On the downside, only below 108.60 would indicate aforesaid correction has ended instead and risk re-test of 108.29, break would extend towards 107.90/00.
Friday Data to be released:
New Zealand buidling permits, Australia PPI, UK Markit construction PMI, Italy CPI, CPI(EU Norm), EU producer prices, and U.S. non-form payrolls, private payrolls, unemployment rate, average earnings, ISM New York index, durables ex-defense, durable goods, factory orders, durables ex-transportation, University of Michigan sentiment.
AceTrader - Best Intra-day Forex Trading Strategies
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Update Time: 02 Feb 2018 09:30 GMT
USD/JPY - 109.73
The greenback's rally to 109.45 Wednesday in post-FOMC trading due partly to a hawkish FOMC statement and then yesterday's rise above this resistance to 109.75 suggests recent decline has made a temporary low at last Friday's fresh 4-month trough at 108.29 and choppy trading with upside bias would be seen for a stronger retracement to 109.90 but near term loss of momentum would keep price below 110.20 and yield retreat.
On the downside, only below 108.60 would indicate aforesaid correction has ended instead and risk re-test of 108.29, break would extend towards 107.90/00.
Friday Data to be released:
New Zealand buidling permits, Australia PPI, UK Markit construction PMI, Italy CPI, CPI(EU Norm), EU producer prices, and U.S. non-form payrolls, private payrolls, unemployment rate, average earnings, ISM New York index, durables ex-defense, durable goods, factory orders, durables ex-transportation, University of Michigan sentiment.
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
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Feb 05: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 05 Feb 2018 09:30 GMT
USD/JPY - 109.83
Although price has retreated after last Friday's rally to as high as 110.48 on the back of robust U.S. jobs report and minor consolidation would be seen, as said move signals upmove from January's 4-month trough at 108.29 has resumed, upside bias remains and above said resistance would yield stronger retracement towards 110.95/00.
On the downside, only below 109.21 would indicate aforesaid recovery has ended instead and turn outlook bearish for a re-test of said support, break would extend to 107.80/90.
Data out today:
Australia AIG service index, Japan Markit Service PMI, China Caixin Service PMI.
Italy Markit Service PMI, France, Markit Service PMI, Germany Markit Service PMI, EU Markit Service PMI, sentix index, retail sales, UK Markit Service PMI.
U.S. Markit Service PMI, ISM non-manufacturing PMI on Monday
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
Update Time: 05 Feb 2018 09:30 GMT
USD/JPY - 109.83
Although price has retreated after last Friday's rally to as high as 110.48 on the back of robust U.S. jobs report and minor consolidation would be seen, as said move signals upmove from January's 4-month trough at 108.29 has resumed, upside bias remains and above said resistance would yield stronger retracement towards 110.95/00.
On the downside, only below 109.21 would indicate aforesaid recovery has ended instead and turn outlook bearish for a re-test of said support, break would extend to 107.80/90.
Data out today:
Australia AIG service index, Japan Markit Service PMI, China Caixin Service PMI.
Italy Markit Service PMI, France, Markit Service PMI, Germany Markit Service PMI, EU Markit Service PMI, sentix index, retail sales, UK Markit Service PMI.
U.S. Markit Service PMI, ISM non-manufacturing PMI on Monday
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
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Feb 09: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 09 Feb 2018 10:00 GMT
USD/JPY - 109.05
Despite extending decline from yesterday's 109.79 high to 108.50 initially today, intra-day strong rebound to 109.31 due to cross-selling in yen on late recovery in the Nikkie suggests choppy trading above this week's low at 108.46 (Tuesday) would continue and marginal gain can't be ruled out, reckon 109.79 res would cap present rise and yield another retreat,
Below 108.46/50 would bring re-test of Jan's 4-month bottom at 108.29 but break needed to extend Medium Term fall towards 107.32 next week.
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
Update Time: 09 Feb 2018 10:00 GMT
USD/JPY - 109.05
Despite extending decline from yesterday's 109.79 high to 108.50 initially today, intra-day strong rebound to 109.31 due to cross-selling in yen on late recovery in the Nikkie suggests choppy trading above this week's low at 108.46 (Tuesday) would continue and marginal gain can't be ruled out, reckon 109.79 res would cap present rise and yield another retreat,
Below 108.46/50 would bring re-test of Jan's 4-month bottom at 108.29 but break needed to extend Medium Term fall towards 107.32 next week.
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
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Feb 12: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 12 Feb 2018 10:00 GMT
USD/JPY - 108.73
Despite dollar's cross-inspired resumption of recent erratic decline to a 5-month bottom of 108.05 on Friday, as price has has risen in tandem with rally in U.S. stocks, suggesting temporary low has been made and 1-2 days of choppy consolidation is in store with upside bias.
Above 108.95 (AUS) would encourage for stronger retracement to 109.31, however, reckon res at 109.79 should cap upside and only below 108.26/30 risks weakness to 08.00/05.
Data to be released today:
Swiss CPI, Canada market holiday, and U.S. Fed budget on Monday
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
Update Time: 12 Feb 2018 10:00 GMT
USD/JPY - 108.73
Despite dollar's cross-inspired resumption of recent erratic decline to a 5-month bottom of 108.05 on Friday, as price has has risen in tandem with rally in U.S. stocks, suggesting temporary low has been made and 1-2 days of choppy consolidation is in store with upside bias.
Above 108.95 (AUS) would encourage for stronger retracement to 109.31, however, reckon res at 109.79 should cap upside and only below 108.26/30 risks weakness to 08.00/05.
Data to be released today:
Swiss CPI, Canada market holiday, and U.S. Fed budget on Monday
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
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Feb 13: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 13 Feb 2018 05:30 GMT
USD/JPY - 107.68
Despite dollar's cross-inspired resumption of recent erratic decline to a 5-month bottom of 108.05 on Friday, as price has has risen in tandem with rally in U.S. stocks, suggesting temporary low has been made and 1-2 days of choppy consolidation is in store with upside bias.
Above 108.95 (AUS) would encourage for stronger retracement to 109.31, however, reckon res at 109.79 should cap upside and only below 108.26/30 risks weakness to 108.00/05.
U.S. eco. calendar is very thin with Redbook retail sales being the only data due out ahead of Wed's key inflation n retail sales data.
Last but not least, Cleveland Fed President (voter) will speak on the economic outlook at a breakfast conference at 13:00GMT.
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
Update Time: 13 Feb 2018 05:30 GMT
USD/JPY - 107.68
Despite dollar's cross-inspired resumption of recent erratic decline to a 5-month bottom of 108.05 on Friday, as price has has risen in tandem with rally in U.S. stocks, suggesting temporary low has been made and 1-2 days of choppy consolidation is in store with upside bias.
Above 108.95 (AUS) would encourage for stronger retracement to 109.31, however, reckon res at 109.79 should cap upside and only below 108.26/30 risks weakness to 108.00/05.
U.S. eco. calendar is very thin with Redbook retail sales being the only data due out ahead of Wed's key inflation n retail sales data.
Last but not least, Cleveland Fed President (voter) will speak on the economic outlook at a breakfast conference at 13:00GMT.
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
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Feb 14: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 14 Feb 2018 09:30 GMT
USD/JPY - 107.38
Despite the greenback's selloff below yesterday's low at 107.41 to a fresh 15-month trough at 106.84 on broad-based buying yen, current rebound suggests medium-term decline has made a temporary low there and choppy trading with upside bias would be seen for retracement to 107.90, however, 108.05/10 should remain intact and yield another fall later today or early tomorrow.
On the upside, only above 108.05 would confirm a bottom has been made and risk stronger correction towards 108.44/50 before prospect of retreat.
Data to be released on Wednesday:
Japan GDP, GPD deflator, Germany GDP flash, CPI final, HICP final, Italy GDP, EU GDP flash, industrial production, and U.S. MBA mortgage application, CPI, real weekly earnings, retail sales, business inventories
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
Update Time: 14 Feb 2018 09:30 GMT
USD/JPY - 107.38
Despite the greenback's selloff below yesterday's low at 107.41 to a fresh 15-month trough at 106.84 on broad-based buying yen, current rebound suggests medium-term decline has made a temporary low there and choppy trading with upside bias would be seen for retracement to 107.90, however, 108.05/10 should remain intact and yield another fall later today or early tomorrow.
On the upside, only above 108.05 would confirm a bottom has been made and risk stronger correction towards 108.44/50 before prospect of retreat.
Data to be released on Wednesday:
Japan GDP, GPD deflator, Germany GDP flash, CPI final, HICP final, Italy GDP, EU GDP flash, industrial production, and U.S. MBA mortgage application, CPI, real weekly earnings, retail sales, business inventories
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
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Feb 15: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 15 Feb 2018 09:30 GMT
USD/JPY - 106.57
Despite the greenback's selloff below yesterday's low at 107.41 to a fresh 15-month trough at 106.84 on broad-based buying yen, current rebound suggests medium-term decline has made a temporary low there and choppy trading with upside bias would be seen for retracement to 107.90, however, 108.05/10 should remain intact and yield another fall later today or early tomorrow.
On the upside, only above 108.05 would confirm a bottom has been made and risk stronger correction towards 108.44/50 before prospect of retreat.
After yesterday's key U.S. inflation data and retail sales, we have initial jobless claims, New York Empire Sate mfg index, Philly Fed mfg survey, final PPI, industrial production, manufacturing output and NAHB Housing Market index.
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
Update Time: 15 Feb 2018 09:30 GMT
USD/JPY - 106.57
Despite the greenback's selloff below yesterday's low at 107.41 to a fresh 15-month trough at 106.84 on broad-based buying yen, current rebound suggests medium-term decline has made a temporary low there and choppy trading with upside bias would be seen for retracement to 107.90, however, 108.05/10 should remain intact and yield another fall later today or early tomorrow.
On the upside, only above 108.05 would confirm a bottom has been made and risk stronger correction towards 108.44/50 before prospect of retreat.
After yesterday's key U.S. inflation data and retail sales, we have initial jobless claims, New York Empire Sate mfg index, Philly Fed mfg survey, final PPI, industrial production, manufacturing output and NAHB Housing Market index.
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
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Feb 20: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 20 Feb 2018 09:30 GMT
USD/JPY - 106.99
Despite the greenback's fall to a fresh 15-month trough at 105.55 last Friday, subsequent strong rebound suggests a temporary low has been made there and consolidation with upside bias remains for a retracement to 107.16/20.
However, near term loss of momentum would keep price below 107.54 ahead of Wednesday's FOMC minutes release and yield a retreat later.
On the downside, only below 106.10 would indicate the recovery has ended instead and turn outlook bearish for a re-test of 106.55, break, 106.20/25.
Data to be released on Tuesday:
New Zealand PPI input, PPI output, GDT price index, China market holiday, Germany PPI, ZEW economic sentiment, ZEW current conditions, Swiss trade balance, exports, imports, industrial orders, EU ZEW economic sentiment, consumer confidence, UK CBI industrial trends survey, and Canada wholesale sales.
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
Update Time: 20 Feb 2018 09:30 GMT
USD/JPY - 106.99
Despite the greenback's fall to a fresh 15-month trough at 105.55 last Friday, subsequent strong rebound suggests a temporary low has been made there and consolidation with upside bias remains for a retracement to 107.16/20.
However, near term loss of momentum would keep price below 107.54 ahead of Wednesday's FOMC minutes release and yield a retreat later.
On the downside, only below 106.10 would indicate the recovery has ended instead and turn outlook bearish for a re-test of 106.55, break, 106.20/25.
Data to be released on Tuesday:
New Zealand PPI input, PPI output, GDT price index, China market holiday, Germany PPI, ZEW economic sentiment, ZEW current conditions, Swiss trade balance, exports, imports, industrial orders, EU ZEW economic sentiment, consumer confidence, UK CBI industrial trends survey, and Canada wholesale sales.
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
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Feb 21: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 21 Feb 2018 09:30 GMT
USD/JPY - 107.66
Despite the greenback's fall to a fresh 15-month trough at 105.55 last Friday, subsequent strong rebound suggests a temporary low has been made there and consolidation with upside bias remains for a retracement to 108.05/10.
However, near term loss of momentum would keep price below 108.44 ahead of today's FOMC minutes release and yield a retreat later.
On the downside, only below 106.10 would indicate the recovery has ended instead and turn outlook bearish for a re-test of 106.55, break, 106.20/25.
Data out on Wednesday:
China market holiday, Australia wage price index, Japan Nikkei manufacturing PMI, all industry activity index.
France Markit manufacturing PMI, Germany Markit manufacturing PMI, Markit services PMI, EU Markit manufacturing PMI, Markit services PMI, UK claimant count, PSNB, PSNCR, ILO unemployment rate, average weekly earnings.
Canada budget balance, and U.S. MBA mortgage application, redbook, Markit manufacturing PMI, Markit services PMI, existing home sales, FOMC minutes.
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
Update Time: 21 Feb 2018 09:30 GMT
USD/JPY - 107.66
Despite the greenback's fall to a fresh 15-month trough at 105.55 last Friday, subsequent strong rebound suggests a temporary low has been made there and consolidation with upside bias remains for a retracement to 108.05/10.
However, near term loss of momentum would keep price below 108.44 ahead of today's FOMC minutes release and yield a retreat later.
On the downside, only below 106.10 would indicate the recovery has ended instead and turn outlook bearish for a re-test of 106.55, break, 106.20/25.
Data out on Wednesday:
China market holiday, Australia wage price index, Japan Nikkei manufacturing PMI, all industry activity index.
France Markit manufacturing PMI, Germany Markit manufacturing PMI, Markit services PMI, EU Markit manufacturing PMI, Markit services PMI, UK claimant count, PSNB, PSNCR, ILO unemployment rate, average weekly earnings.
Canada budget balance, and U.S. MBA mortgage application, redbook, Markit manufacturing PMI, Markit services PMI, existing home sales, FOMC minutes.
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
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