AceTraderFx: Daily Market Outllook on Major -EUR/USD

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 23: Daily Recommendations on Major -EUR/USD

flag_eur.gif
DAILY MARKET OUTLOOK on Major

Update Time: 23 Jun 2022 03:00GMT

EUR/USD - 1.0567
Although euro's strong rise to as high as 1.0601 last ThurSDAY and yesterday's rally above there to 1.0605 in New York on selloff in usd after Fed Powell's less hawkish comments suggests further choppy trading above May's 5-year bottom at 1.0350 would continue with mild upside bias and gain towards 1.0642 may be seen later.

On the downside, only daily close below 1.0511 (New York low) signals a temporary top is made and head back towards 1.0470.

Data to be released on Wednesday:
New Zealand Westpac consumer survey, imports, exports, trade balance, Australia Westpac leading index.
U.K. CPI, RPI, PPI input prices, PPI output prices, DCLG house price index.
US mortgage application, redbook, Canada CPI and EU consumer confidence.

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 update
 

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 24: Daily Recommendations on Major -EUR/USD

flag_eur.gif
DAILY MARKET OUTLOOK on Major

Update Time: 24 Jun 2022 03:00GMT

EUR/USD - 1.0523
Although euro's strong rise to as high as 1.0601 last Thursday and Wednesday's rally above there to 1.0605 in New York on selloff in usd after Fed Powell's less hawkish comments suggests further choppy trading above May's 5-year bottom at 1.0350 would continue, yesterday's fall to 1.0484 in New York has retained bearishness and below 1.0470 would head towards 1.0445.

On the upside, only a daily close above 1.0580 would prolong choppy swings and risk stronger gain to 1.0605.

Data to be released on Friday:
New Zealand Market Holiday.
U.K. Gfk consumer confidence, retail sales, Japan nationwide CPI, Italy business confidence, trade balance, consumer confidence, Germany Ifo business climate, Ifo current conditions, Ifo expectations.
U.S. building permits, University of Michigan sentiment, new home sales on Friday 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 update
 

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 27: Daily Recommendations on Major -EUR/USD

flag_eur.gif
DAILY MARKET OUTLOOK on Major

Update Time: 27 Jun 2022 03:00GMT

EUR/USD - 1.0560
Although euro's rally from Jun's 1-month bottom at 1.0360 to as high as 1.0605 last Wednesday suggests further choppy trading above May's 5-year trough at 1.0350 would continue, Friday's decline to 1.0484 signals consolidation with downside bias remains and below 1.0470 would yield weakness towards 1.0445.

On the upside, only above above 1.0580 would prolong choppy sideways swings and risks re-test of 1.0605, break, 1.0630 later.

Data to be released today:
Japan coincident index, leading indicator.
U.S. durables goods, durables ex-transport, durables ex-defense, pending home sales and Dallas Fed manufacturing business 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 update
 

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 28: Daily Recommendations on Major -EUR/USD

flag_eur.gif
DAILY MARKET OUTLOOK on Major

Update Time: 28 Jun 2022 03:00GMT

EUR/USD - 1.0581
Euro's rally from June's 1-month bottom at 1.0360 to as high as 1.0605 last Wednesday, then to a 2-week high at 1.0614 in New York on broad-based usd's retreat suggests further choppy trading above May's 5-year trough at 1.0350 would continue, as long as 1.0555 holds, marginal gain would be seen and above 1.0614 would head to 1.0640/45 but 1.0661 should hold.

On the downside, only below 1.0515 would signal said recovery over and weakness towards 1.0484, then 1.0470 would be seen.

Data to be released on Tuesday:
Germany Gfk consumer sentiment, France consumer confidence, Italy industrial sales.
U.S. goods trade balance, wholesale inventories, redbook, monthly home price, consumer confidence and Richmond Fed manufacturing.

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 update
 

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 29: Daily Recommendations on Major -EUR/USD

flag_eur.gif
DAILY MARKET OUTLOOK on Major

Update Time: 29 Jun 2022 03:00GMT

EUR/USD - 1.0530
Despite euro's resumption of recent erratic rise from June's 1-month trough of 1.0360 to a 2-week high of 1.0614 Mon, yesterday's break of 1.0555 support to 1.0504 in New York on broad-based rebound in usd suggests a temporary top is made and stronger retracement towards 1.0445 is envisaged before prospect of recovery later.

On the upside, only a daily close above 1.0555 would prolong choppy sideways swings and risk gain to 1.0590/00.

Data to be released on Wednesday:
U.K. BRC shop price index, Japan retail sales, consumer confidence, Australia retail sales, Swiss investor sentiment, EU business sentiment, economic sentiment, industrial sentiment, services sentiment, consumer confidence,
U.S. mortgage application, GDP and PCE prices.

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 update
 

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 30: Daily Recommendations on Major -EUR/USD

flag_eur.gif
DAILY MARKET OUTLOOK on Major

Update Time: 30 Jun 2022 03:00GMT

EUR/USD - 1.0442
Euro's intra-day selloff in Europe on ECB Lagarde's mildly dovish comments and then break of last week's 1.0470 low to 1.0436 in New York suggests corrective rise from June's 1-month trough at 1.0360 has ended and downside bias remains for further weakness, oversold condition should keep euro well above said June's low.

On the upside, only a daily close above 1.0470 prolongs choppy sideways swings and may risk stronger retracement of decline from last week's high at 1.0614 to 1.0500/04 but 1.0535 should cap upside ahead of Friday's key U.S. jobs data.

Data to be released on Thursday :
Japan industrial production, construction orders, housing starts, China NBS manufacturing PMI, NBS non-manufacturing PMI.
UK GDP, current account, nationwide house price, Germany import prices, retail sales, unemployment change, unemployment rate, CPI, Swiss retail sales, KOF indicator, France consumer spending, CPI, producer prices, Italy unemployment rate, producer prices, EU unemployment rate.
U.S. person income, personal spending, PCE price index, initial jobless claims, continuing jobless claims, Chicago PMI and Canada GDP.

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 update
 

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx July 04: Daily Recommendations on Major -EUR/USD

flag_eur.gif
DAILY MARKET OUTLOOK on Major

Update Time: 04 July 2022 03:00GMT

EUR/USD - 1.0440
Euro's intra-day short-covering rebound from Friday's 2-week bottom at 1.0367 in New York suggests recent erratic decline has made a temporary low and initial range trading would be seen before prospect of another fall, below June's 1.0360 trough would yield re-test of May's 5-year bottom at 1.0350, break, 1.0328 later.

On the upside, only a daily close above 1.0488 would prolong choppy trading above 1.0350 and risk stronger retracement to 1.0504, 1.0535.

Data to be released today:
Australia building permits.
Germany exports, imports, trade balance, Swiss CPI, EU Sentix index, producer prices.
US Market Holiday and Canada SnP 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 update
 
Top