AceTraderFx: Daily Market Outllook on Major -EUR/USD

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

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DAILY MARKET OUTLOOK on Major

Update Time: 05 Aug 2022 03:00GMT

EUR/USD - 1.0240
Despite euro's retreat from Tue's near 4-week high of 1.0293 to 1.0124 (Wednesday), subsequent rebound to 1.0253 in New York yesterday on broad-based usd's weakness suggests choppy swings would continue ahead of key U.S. jobs report, above 1.0293 needed to extend rise from July's 0.9953 bottom to 1.0334, break, 1.0360.

On the downside, only a daily close below 1.0209 signals intra-day top is made n heads back to 1.0161 (New York low), 1.0124.

Data to be released on Friday:
Australia AIG services index, Japan all household spending, coincident index, leading indicator.
UK Halifax housing prices, France current account, trade balance, industrial output, imports, exports, non-farm payrolls, Italy industrial output.
U.S. non-farm payrolls, private payrolls, unemployment rate, average weekly earnings, Canada employment change, unemployment rate and Ivey PMI.

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AceTraderFx Aug 08: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major

Update Time: 08 Aug 2022 03:00GMT

EUR/USD - 1.0166
Euro's decline from Tuesday's near 4-week 1.0293 peak to 1.0124 (Wednesday) suggests recent rise from July's 20-year bottom at 0.9953 has made a top and despite staging a strong bounce to 1.0253 on Thursday, subsequent selloff to 1.0142 on blowout U.S. NFP Friday would re-test 1.0124, 1.0090/95 but 1.0048/50 may hold.

On the upside, only a daily close above 1.0209 would prolong choppy swings and risk gain to 1.0235/39 before down.

Data to be released today :
Japan current account, trade balance, Eco watchers current, Eco watchers outlook, New Zealand inflation forecast, Swiss unemployment and EU Sentix index on Monday.

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AceTraderFx Aug 09: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major

Update Time: 09 Aug 2022 03:00GMT

EUR/USD - 1.0198
Euro's decline from Tue's near 4-week peak at 1.0293 to 1.0124 (Wednesday) suggests recent upmove from July's 20-year bottom at 0.9953 has made a top and despite staging a rebound to 1.0253 Thursday, selloff to 1.0142 on Friday and then Monday's rebound to 1.0221 on broad-based usd's weakness in tandem with U.S. yields would yield further choppy swings before fall. Below 1.0124/30, 1.0097 later.

On the upside, only a daily close above 1.0221 would bring stronger gain to 1.0240/50 but 1.0290/95 should hold.

Data to be released on Tuesday:
New Zealand retail sales, Australia NAB business conditions, NAB business confidence.
U.K. BRC retail sales.
U.S. labor costs, productivity and redbook retail 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 update
 
AceTraderFx Aug 10: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major

Update Time: 10 Aug 2022 03:00GMT

EUR/USD - 1.0206
Euro's fall from last Tuesday's near 4-week 1.0293 top to 1.0124 (Wednesday) suggests recent upmove from July's 20-year bottom at 0.9953 has made a top n despite rebound to 1.0253, weakness to 1.0142 Friday, then gain to 1.0247 yesterday would prolong further choppy swings before down, below 1.0124, 1.0097 later.

On the upside, only a daily close above 1.0253 would risk stronger gain towards 1.0293 but break needed for 1.0350.

Data to be released on Wednesday:
Japan producer prices, Australia consumer sentiment, China PPI, CPI.
Germany CPI, Italy CPI, U.S. MBA mortgage application, CPI, wholesale inventories and Federal budget.

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 Aug 11: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major

Update Time: 11 Aug 2022 03:00GMT

EUR/USD - 1.0301
As euro's recent daily choppy swings from August's 1.0293 high had ended with Wednesday's jump to a 5-week peak of 1.0368 after softer-than-expected U.S. CPI, suggesting rise from July's 20-year 0.9953 bottom would head towards 1.0418 before prospect of a strong retreat later.

On the downside, only a daily close below 1.0265/70 would indicate a temporary top is in place and risk stronger retracement towards 1.0247, then 1.0203.

Data to be released on Thursday:
U.K. RICS housing price balance, Japan market holiday, Australia consumer inflation experience, U.S. initial jobless claims, continuing jobless claims and PPI.

AceTrader - Best Intra-day Forex Trading Strategies
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AceTraderFx Aug 12: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major

Update Time: 12 Aug 2022 03:00GMT

EUR/USD - 1.0314
Despite yesterday's intra-day rally from 1.0276 (Asia) to 1.0365 in New York after slightly softer-than-expected U.S. PPI data, subsequent retreat on broad-based rebound in usd due to rally in U.S. yields suggests further choppy trading below Wednesday's 5-week peak at 1.0368 would continue before prospect of marginal gain, loss of upward momentum should cap euro at 1.0400/10.

A daily close below 1.0275 would be the first signal recent upmove has formed a temporary top and risk stronger retracement towards 1.0203 on Monday.

Data to be released on Friday :
New Zealand manufacturing PMI, food price index/
France ILO unemployment rate, U.K. GDP, industrial output, manufacturing output, construction output, trade balance, NIESR GDP estimate, France CPI, Italy trade balance, EU industrial production, Germany current account.
U.S. import prices, export prices and University of Michigan sentiment.

AceTrader - Best Intra-day Forex Trading Strategies
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AceTraderFx Aug 15: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major

Update Time: 15 Aug 2022 03:00GMT

EUR/USD - 1.0260
Despite euro's rally above previous August's 1.0293 high to a 5-week peak of 1.0368 (Wednesday), subsequent strong retreat to 1.0276 (Thursday) and then Friday's selloff to 1.0239 in New York on cross-selling in euro and broad-based usd's rebound signals medium term rise from July's 20-year bottom at 0.9953 has possibly formed a top and below 1.0190 would head towards 1.0160.

On the upside, only a daily close above 1.0306 would risk stronger gain to 1.0342/47.

Data to be released today:
New Zealand NZ PSI, U.K. Rightmove house price, Japan GDP, industrial output, capacity utilization, China GDP, house prices, industrial output, retail sales.
Germany wholesales price index, France market holiday, Italy market holiday, Swiss producer/import price.
U.S. New York Fed manufacturing, NAHJB housing market index, Canada manufacturing sales and wholesale trades 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 Aug 16: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major

Update Time: 16 Aug 2022 03:00GMT

EUR/USD - 1.0159
Despite euro's rally above previous August's 1.0293 high to a 5-week peak of 1.0368 last Wednesday, subsequent decline to 1.0239 Friday, then yesterday's selloff to 1.0155 signals corrective rise from July's 20-year 0.9953 low has possibly ended and would head towards 1.0112, reckon pivotal 1.0097 support would hold.

On the upside, only a daily close above 1.0223 would risk stronger gain to 1.0240/50.

Data to be released on Tuesday:
Japan Tertiary industry activities.
U.K. claimant count, ILO unemployment rate, average weekly earnings, EU trade balance, ZEW survey expectations, Germany ZEW economics sentiment, ZEW current conditions, Canada housing starts, CPI, U.S. building permits, housing starts, redbook, industrial output, capacity utilization and manufacturing output.

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 Aug 17: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major

Update Time: 17 Aug 2022 03:00GMT

EUR/USD - 1.0169
Despite euro's rally above previous August's 1.0293 high to a 5-week peak of 1.0368 last Wednesday, subsequent decline to 1.0239 Friday, then selloff to 1.0123 ahead of New York open yesterday signals rise from July's 20-year 0.9953 low has possibly ended and as 1.0194 has capped rebound in New York, consolidation with downside bias remains but below 1.0112 needed for 1.0097.

On the upside, only a daily close above 1.0239 would prolong choppy swings and risk stronger gain to 1.0274/76.

Data to be released on Wednesday:
New Zealand PPI input, PPI output, RBNZ interest rate decision, Japan machinery orders, exports, imports, trade balance, Australia Westpac leading index, wage price index.
U.K. CPI, RPI, PPI input prices, PPI output prices, EU employment, GDP.
U.S. MBA mortgage application, retail sales and business inventories.
 
AceTraderFx Aug 18: Daily Recommendations on Major -EUR/USD

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DAILY MARKET OUTLOOK on Major

Update Time: 18 Aug 2022 03:00GMT

EUR/USD - 1.0184
Despite euro's rally above previous Aug's 1.0293 high to a 5-week peak of 1.0368 last Wed, subsequent decline to 1.0123 (Tue) signals rise from Jul's 20-year 0.9953 low has possibly ended, yesterday's rebound to 1.0202 on less-hawkish FOMC minutes would yield range trading before fall and a daily close below 1.0112 would head towards 1.0097.

On the downside, only a daily close above 1.0202 may prolong choppy swings and risk stronger gain to 1.0223/33 before down.

Data to be released on Thursday:
Australia employment change, unemployment rate.
Swiss exports, imports, trade balance, EU construction output, HICP.
U.S. initial jobless claims, continuing jobless claims, Philly Fed manufacturing index, Canada producer prices, U.S. existing home sales and leading index change.

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
 
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