AceTraderFx: Daily Market Outllook on Major -EUR/USD

[acetraderfx]

AceTraderFx Jan 21: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 21 Jan 2020 03:30GMT

EUR/USD - 1.1095
Euro's fall from 1.1102 (Europe) yesterday and then break of previous Jan's 1.1086 low to a 3-week bottom at 1.1077 suggests recent decline from December's 4-1/2 month peak at 1.1239 has resumed and further weakness towards 1.1041, then 1.1005/10 would be seen after consolidation before prospect of correction.

On the upside, only above 1.1129 would indicate temporary trough made and risk gain to 1.1142/46.

Data to be released on Tuesday:
New Zealand services PMI, Japan Bank of Japan interest rate decision.
France business climate, UK ILO unemployment rate, employment change, average weekly earnings, claimant count, Germany ZEW economic sentiment, ZEW current conditions, EU ZEW survey expectations, Canada manufacturing sales.
U.S. redbook, and New Zealand GDT price index.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jan 22: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 22 Jan 2020 03:30GMT

EUR/USD - 1.1081
Despite euro's rebound from Monday's 3-week low at 1.1077 to 1.1118 in New York yesterday, subsequent retreat suggests recovery has ended and below 1.1077 would extend recent decline from December's 4-1/2 month peak at 1.1239 to 1.1041, then 1.1005/10.

On the upside, only above 1.1129 would risk stronger retracement to 1.1142/46, then 1.1172.

Data to be released on Wednesday:
Australia consumer sentiment, France business climate.
Italy industrial orders, industrial sales, UK PSNB, PSNCR.
U.S. MBA mortgage applications, national activity index, monthly house price, existing home sales, and Canada CPI, new housing price index, wholesale trade, Bank of Canada interest rate decision.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jan 23: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 23 Jan 2020 03:30GMT

EUR/USD - 1.1088
Euro's fall to a near 1-month low at 1.1071 (New York) yesterday suggests recent decline from December's 4-1/2 month peak at 1.1239 to retrace medium term upmove from 2019 trough at 1.0880 (Oct) has resumed and would head to 1.1028/30 after consolidation before prospect of rebound due to 'loss of momentum'.

On the upside, only above 1.1142 would indicate temporary bottom is in place and risk gain towards 1.1172.

Data to be released on Thursday:
Japan exports, imports, trade balance, industrial activity, leading indicator, Australia employment change, unemployment rate.
EU ECB interest rate decision, ECB deposit rate decision, consumer confidence.
U.S. initial jobless claims, leading index, KC Fed manufacturing index.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jan 24: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 24 Jan 2020 03:30GMT

EUR/USD - 1.1053
Despite yesterday's brief jump to 1.1108 at New York open, subsequent selloff below Wednesday's 1.1071 low to a 7-week bottom at 1.1037 on dovish comments from ECB's Lagarde suggests recent decline from December's 4-1/2 month peak at 1.1239 has resumed and further weakness to 1.2982/85 would be seen after consolidation.

On the upside, only above 1.1108/18 would risk stronger retracement to 1.1142/46.

Data to be released on Friday:
New Zealand CPI, Australia manufacturing PMI, services PMI, Japan national CPI, national CPI, Jibun Bank manufacturing PMI, China market holiday.
France Markit manufacturing PMI, Markit services PMI, Germany Markit manufacturing PMI, Markit services PMI, Italy trade balance, EU Markit manufacturing PMI, Markit services PMI, UK manufacturing PMI, services PMI.
Canada retail sales, retail sales ex-autos, and U.S. Markit manufacturing PMI, Markit services PMI.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jan 29: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 29 Jan 2020 03:30GMT

EUR/USD - 1.1022
Euro's break of Monday's 1.1010 low to an 8-week bottom at 1.0999 in New York yesterday confirms recent decline from December's 4-1/2 month peak at 1.1239 has resumed and subsequent rebound would bring range trading before prospect of another fall towards November's 1.0982 low.

On the upside, only above 1.1037 would risk stronger retracement to 1.1061/71.

Data to be released on Wednesday:
Australia Westpac leading index, CPI, China market holiday, UK BRC shop price index, nationwide house price, Japan consumer confidence.
France consumer confidence, Italy consumer confidence, manufacturing business confidence, producer prices Swiss investor sentiment.
U.S. MBA mortgage application, wholesales investor, goods trade balance, pending home sales Fed interest rate decision.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jan 30: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 30 Jan 2020 03:30GMT

EUR/USD - 1.1017
Despite resumption of recent decline to a fresh 8-week trough of 1.1093, euro's rebound in post-FOMC New York after Fed's unchanged rate decision suggests temporary low is made and range trading is in store before prospect of marginal weakness, loss of momentum should keep price above 1.0945/50.

Only a daily close above 1.1037 would yield stronger retarcement to 1.1061, however, 1.1085/90 should cap upside and yield another drop next week.

Data to be released on Thursday :
New Zealand imports, trade balance, exports, China market holiday, Australia export prices, import prices.
Swiss KOF indicator, Germany unemployment change, unemployment rate, CPI, HICP, Italy unemployment rate, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence, unemployment rate, UK BoE MPC vote hike, BoE MPC vote unchanged, BoE MPC vote cut, BoE interest rate decision, BoE QE total, BoE QE corporate bond purchases.
U.S. GDP, PCE prices, initial jobless claims, and Canada average weekly earnings.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Jan 31: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 31 Jan 2020 03:30GMT

EUR/USD - 1.1031
Although euro's rebound from Wed's 8-week trough at 1.0993 to 1.1038 (New York) yesterday suggests recent decline from January's 4-1/2 month peak at 1.1239 has made a temporary low, as long as 1.1058/61 res area holds, consolidation with downside bias remains for one more fall to 1.0982, loss of momentum should keep price above 1.0949.

A daily close above 1.1061 would risk stronger retracement of said fall to 1.1085/90 but 1.1108 should cap upside.

Data to be released on Friday :
Japan Tokyo core CPI, Tokyo CPI, unemployment rate, industrial output, retail sales, construction order, housing starts.
UK GfK consumer confidence, Australia PPI, China NBA manufacturing PMI, NBA non-manufacturing PMI, Germany retail sales, Swiss retail sales, France GDP, consumer spending, CPI (EU norm) , CPI, producer prices, Italy GDP, EU HICP , core HICP, GDP.
U.S. personal income, personal spending, core PCE price, PCE price, employment wages, employment cost, Chicago PMI, Michigan consumer sentiment index and Canada GDP, producer prices, budget balance.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Feb 03: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 03 Feb 2020 03:30GMT

EUR/USD - 1.1082
Euro's impressive rally on Friday from 1.1017 (Europe) to as high as 1.1096 in New York due to usd's weakness vs G5 currencies and falling US yields suggests recent decline from 1.1239 (December) has made a low at last Wednesday's fresh 8-week bottom at 1.0993 and consolidation with upside bias remains for further headway to 1.1142, overbough condition is likely to cap price below res at 1.1172.

On the downside, only below 1.1038 (Thursday's high, now sup) signals temporary top is made and may risk weakness towards 1.1017 later.

Data to be released on Monday:
Australia AIG manufacturing index, building permits, ANZ job ads, Japan Jibun Bank manufacturing PMI, China Caixin manufacturing PMI.
Swiss manufacturing PMI, Italy Markit manufacturing PMI, France Markit manufacturing PMI, Germany Markit manufacturing PMI, EU Markit manufacturing PMI, UK Markit manufacturing PMI.
Canada Markit manufacturing PMI, and U.S. Markit manufacturing PMI, construction spending, ISM manufacturing PMI on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Feb 04: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 04 Feb 2020 03:30GMT

EUR/USD - 1.1061
Yesterday's cable-led decline to 1.1037 (New York) suggests euro's early rise from last Wednesday's 8-week trough at 1.0993 has possibly ended at 1.1096 on Friday, below said Monday's low would add credence to this view and yield weakness towards said sup, then next daily objective at 1.0982 later.

On the upside, above 1.1096 would abort bearish view and risk stronger retracement of recent decline to 1.1108/18, however, reckon 1.1142/45 should cap upside and yield strong retreat.

Data to be released on Tuesday :
New Zealand building permits, GDT price index, Australia RBA interest rate decision.
France budget balance, UK Markit construction PMI, Italy consumer price index, CPI (EU norm), EU producer prices.
U.S. redbook, ISM New York index, durables ex-defense, durable goods, factory orders, durables ex-transport.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Feb 05: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 05 Feb 2020 03:30GMT

EUR/USD - 1.1044
Yesterday's marginal break of Monday's 1.1037 low to 1.1034 suggests the corrective rise from last Wednesday's 8-week trough at 1.0993 has possibly ended earlier at 1.1096 (Friday) and consolidation with downside bias is in store, a daily close below 1.1034 would encourage for re-test of said last week's low.

Only above 1.1080 would abort bearish bias and risk would shift to the upside for re-test of 1.1096, then later to 1.1108/18.

Data to be released on Wednesday :
New Zealand unemployment rate, employment change, labour cost index, Japan Jibun bank services PMI, China Caixin services PMI.
Swiss consumer confidence, Italy Markit services PMI, France Markit services PMI, Germany Markit services PMI, EU Markit services PMI, retail sales, UK Markit services PMI.
U.S. MBA mortgage applications, ADP national employment, trade balance, Markit services PMI, ISM non-manufacturing PMI, and Canada trade balance exports, imports.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates