AceTraderFx Apr 22: Daily Market Outllook on Major -EUR/USD

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 11: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 11 Jan 2021 03:00GMT

EUR/USD - 1.2200
Friday's break of previous 1.2210 sup to 1.2193 in post-NFP New York trading confirms recent uptrend has made a temporary top at Wednesday's fresh 2-1/2 year peak at 1.2349 and stronger correction twd 1.2153 is envisaged after consolidation.

On the upside, only above 1.2284 (NY high) signals pullback has possibly ended and yields stronger gain to 1.2309 later this week.

Data to be released today:
Japan market holiday, Australia retail sales, China PPI, CPI, EU Sentix index, and UK NIESR GDP estimate 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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 12: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 12 Jan 2021 03:00GMT

EUR/USD - 1.2161
The single currency's fall below Friday's low at 1.2193 to 1.2133 yesterday on usd's broad-based strength suggests decline from last Wednesday's fresh near 33-month peak at 1.2349 remains in progress and further weakness to 1.2106/10 would be seen after consolidation, however, loss of momentum would prevent sharp move beyond and yield a much-needed correction.

On the upside, only above 1.2200 would indicate a temporary low has been made and risk stronger retracement to 1.2225/30.

Data to be released on Tuesday :
Japan current account, trade balance, Economy Watchers current, Economy Watchers outlook.
UK BRC retail sales, Italy retail sales.
U.S. redbook, JOLTS job openings.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 13: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 13 Jan 2021 03:00GMT

EUR/USD - 1.2217
Despite the single currency's fall to 1.2133 on Monday, subsequent rally to 1.2216 today suggests the first leg of correction from January's 2-1/2 year peak at 1.2349 has ended there and consolidation with upside bias remains for gain to 1.2226/30, however, resistance at 1.2241/46 would remain intact and yield retreat.

On the downside, only below 1.2178 would indicate aforesaid recovery has ended instead and risk weakness to 1.2133/38.

Pay attention to the release of EU industrial production mm and yy at 10:00GMT. Street forecasts are 0.2% and -3.3% vs previous readings of 2.1% and -3.8% respectively.
Elsewhere, ECB President Christine Lagarde will speak at the Reuters Next summit at 09:00GMT.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 14: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 14 Jan 2021 03:00GMT

EUR/USD - 1.2169
The single currency's sharp retreat from 1.2222 to 1.2140 yesterday on ECB Villeroy's negative euro comments suggests recovery from Monday's low at 1.2133 has ended there and consolidation with downside bias remains for a re-test of said support, break would extend decline from January's 2-1/2 year peak at 1.2349 to 1.2106 before prospect of a much-needed correction.

On the upside, only a daily close above 1.2222 would indicate a temporary low has been made and risk stronger retracement to 1.2270/80.

Data to be released on Thursday :
Japan corporate goods price index, machinery orders.
UK RICS housing price balance, China exports, imports, trade balance, Germany full year GDP.
U.S. import price index, export price index, initial jobless claims, continued jobless claims.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 15: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 15 Jan 2021 03:00GMT

EUR/USD - 1.2152
Despite the single currency's resumption of decline from January's 2-1/2 year peak at 1.2349 to 1.2112 yesterday, subsequent rally to 1.2178 in New York on dovish comments from Federal Reserve Chairman Jerome Powell suggests a temporary low has possibly been made and consolidation with upside bias remains for stronger retracement to 1.2203/05, however, resistance at 1.2222 should remain intact.

On the downside, only below 1.2133 would revive bearishness for a re-test of 1.2112, break would risk one more fall to 1.2090/95 before prospect of correction.

Data to be released on Friday :
New Zealand food price index, China house prices, Japan tertiary industry activity index, UK GDP, industrial output, manufacturing output, construction output, trade balance.
France budget balance, CPI, CPI (EU norm), EU trade balance.
U.S. New York Fed manufacturing index, PPI, core PPI, retail sales ex-autos, retail sales, industrial production, capacity utilization, manufacturing output, business inventories, University of Michigan sentiment.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 19: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 19 Jan 2021 03:00GMT

EUR/USD - 1.2074
Euro's resumption of recent decline from Jan's near 33-month peak of 1.2349 to a 1-month 1.2075 low Friday, then intra-day brief break there suggests downside bias remains for further weakness after consolidation, however, near term oversold condition should keep price above 1.2011 today.

On the upside, only above 1.2133 signals temporary low is made and may risk stronger recovery towards 1.2178 before prospect of another fall later this week.

Eco. data from euro area countries is very light with Iatlay's CPI being only data due out at 09:00GMT. There is a Eurogroup meeting at 10:00GMT where ECB President Lagarde and ECB executive board member Panetta will participate.
Later, there is EU FinMin meeting n release of Buba monthly report.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 19: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 19 Jan 2021 03:00GMT

EUR/USD - 1.2088
Despite euro's resumption of recent decline to a 6-week trough of 1.2055 in European morning on Monday, subsequent rebound suggests temporary low is made and range trading is in store initially before prospect of another fall, however, loss of downward momentum is likely to keep price above 1.2011 (2020 high, now sup).

On the upside, only a daily close above 1.2112 would risk stronger correction but reckon 1.2178 res should cap upside.

Data to be released on Tuesday :
New Zealand NZIER confidence, retail sales, GDT price index.
Germany CPI, HICP, ZEW economic sentiment, ZEW current conditions, Swiss producer and import price index, Italy trade balance, EU current account, construction output, ZEW survey expectation, UK labour productivity, and Canada manufacturing sales, wholesale trade.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 20: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 20 Jan 2021 03:00GMT

EUR/USD - 1.2142
Yesterday's rally to 1.2144 (New York) due to renewed risk-on sentiment confirms euro's recent decline from January's near 33-month peak at 1.2349 has made a temporary low at Monday's 6-week trough at 1.2055, near term overbought condition is likely to limit gain to 1.2175/78 and yield retreat later today.

On the downside, a daily close below New York low at 1.2116 would be 1st signal recovery has ended, then weakness to 1.2086 and re-test of 1.2055 would follow.

Data to be released on Wednesday :
Australia consumer sentiment.
Germany producer prices, UK core CPI, CPI, RPI, core RPI, PPI input prices, PPI output prices, PPI core output prices, DCLG house price index, EU HICP, core HICP.
U.S. MBA mortgage applications, redbook, NAHB housing index, and Canada CPI, core CPI, 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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 21: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 21 Jan 2021 03:00GMT

EUR/USD - 1.2127
Despite yesterday's decline from 1.2157 (Europe) to as low as 1.2077 in New York, euro's intra-day rebound in Asia due to renewed risk sentiment suggests further choppy swings above Mon's 6-week trough at 1.2055 would continue ahead of key ECB's monetary policy announcement and then post-ECB presser.

As long as 1.2157 holds, downside bias remains, below 1.2077 would yield re-test of 1.2055 but loss of downward momentum should keep price above 1.2011.
A break above 1.2157 would risk stronger retracement of recent fall from Jan's 1.2349 peak to 1.2178 and possibly towards 1.2222 next week.

Data to be released on Thursday :
Japan exports, imports, trade balance, Bank of Japan interest rate decision, Australia employment change, unemployment rate, France business climat.
Italy industrial orders, industrial sales, UK CBI trends orders, EU ECB refinancing rate, ECB deposit rate, consumer confidence.
U.S. building permits, housing starts, initial jobless claims, continued jobless claims, Philadelphia Fed manufacturing index, and Canada ADP employment change, new housing 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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jan 22: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 22 Jan 2021 03:00GMT

EUR/USD - 1.2167
Euro's break of Wed's 1.2157 high to 1.2173 in post-ECB New York morning yesterday suggests recent decline from January's near 33-month peak at 1.2349 has made a low earlier at Monday's 6-week trough of 1.2055 and stronger retracement towards 1.2222 objective is envisaged before retreat due to loss of upward momentum.

On the downside, a daily close below New York low at 1.2137 would be the 1st signal correction has ended, then risk would shift to the downside for weakness to 1.2116, then towards 1.2077 on Monday.

Data to be released on Friday :
New Zealand manufacturing PMI, CPI, Australia manufacturing PMI, services PMI, retail sales, Japan nationwide core CPI, nationwide CPI, Jibun Bank manufacturing PMI.
UK Gfk consumer confidence, PSNB, PSNCR, retail sales, retail sales ex-fuel, Markit manufacturing PMI, Markit services PMI, France Markit manufacturing PMI, Markit services PMI, Germany Markit manufacturing PMI, Markit services PMI, EU Markit manufacturing PMI, Markit services PMI.
Canada retail sales, retail sales ex-autos, and U.S. Markit manufacturing PMI, Markit services PMI, existing home sales.

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
 
Top