AceTraderFx: Daily Market Outllook on Major -EUR/USD

[acetraderfx]

AceTraderFx Sept 19: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 19 Sept 2022 03:00GMT

EUR/USD - 1.0014
Although euro's selloff from last Monday's 3-week top at 1.0197 to 0.9945 on Friday suggests correction from September's fresh 20-year bottom at 0.9865 has ended, subsequent rebound to 1.0036 in New York may head back to 1.0055/65 before down, below 0.9990/94 would head to 0.9945/55 but break needed for 0.9905/15.

On the upside, only a daily close above 1.0101/05 would risk stronger gain towards 1.0141 but 1.0197 should hold.

Data to be released later:
New Zealand business NZ PSI.
U.K. market holiday, Japan market holiday, EU construction output.
Canada producer prices and U.S. NAHB housing market index 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]

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

DAILY MARKET OUTLOOK on Major
Update Time: 21 Sept 2022 03:00GMT

EUR/USD - 0.9967
Although euro's decline from September's 1.0197 high suggests correction from September's fresh 20-year 0.9865 low has possibly ended, subsequent bounce from 0.9945 to 1.0036 Friday would bring choppy swings, yesterday's fall from 1.0050 to 0.9956 has retained bearishness and below 0.9945 would head
towards 0.9901.

On the upside, only a daily close above 1.001/23 would risk stronger gain towards 1.0050.

Data to be released on Wednesday:
Australia Westpac leading index.
U.K. PSNB, PSNCR, CBI trends orders.
U.S. MBA mortgage application, existing home sales and 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 update

 

[acetraderfx]

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

DAILY MARKET OUTLOOK on Major
Update Time: 22 Sept 2022 03:00GMT

EUR/USD - 0.9825
Euro's break of previous September's 0.9865 low to a fresh 20-year bottom of 0.9814 on rally in usd after Fed's hawkish hike confirms downtrend has resumed and as price has fallen after a brief bounce to 0.9910, weakness to 0.9785/90, then possibly 0.9755/65 would be seen later.

On the upside, only a daily close above 0.9910 would indicate a temporary trough made and risk stronger retracement to 0.9935/45 before retreat.

Data to be released on Thursday:
New Zealand imports, exports, trade balance, Australia market holiday, Japan BOJ interest rate decision.
France business climate, Swiss SNB interest rate decision, U.K. BOE interest rate decision, BOE MPC vote hike, BOE MPC vote unchanged, BOE MPC vote cut.
U.S. initial jobless claims, continuing jobless claims, leading index change, KC Fed manufacturing PMI, Canada new housing price index 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]

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

DAILY MARKET OUTLOOK on Major
Update Time: 23 Sept 2022 03:00GMT

EUR/USD - 0.9839
Despite euro's rebound from Asian fresh 2-decade low of 0.9810 Thur to 0.9908 in Europe due to yen-led usd's decline, subsequent weakness to 0.9813 in New York suggests recent downtrend would head towards projected target at 0.9760 before prospect of correction.

On the upside, only a daily close above 0.9908/10 res would confirm a temporary trough made and risk stronger retracement to 0.9945/55.

Data to be released on Friday:
Australia manufacturing PMI, services PMI, U.K. Gfk consumer confidence, Japan market holiday.
France S n P manufacturing PMI, S n P global services PMI, Germany S n P manufacturing PMI, S n P global services PMI, EU S n P manufacturing PMI, S n P global services PMI, U.K. S n P manufacturing PMI, S n P global services PMI, CBI distributive trades.
Canada retail sales, U.S. S n P manufacturing PMI and S n P global 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 update

 

[acetraderfx]

AceTraderFx Sept 26: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 26 Sept 2022 03:00GMT

EUR/USD - 0.9675
Despite Thursday's yen-led short-covering rebound from 0.9810 to 0.9908, euro's selloff on Friday after weak EU data and renewed usd's strength to a fresh 20-year trough of 0.9669 (New York) suggests downtrend may head towards 'psychological' 0.9500 handle later this week.

On the downside, only a daily close above 0.9737 would risk stronger retracement towards 0.9775 but 0.9710 should hold.

Data to be released later :
New Zealand market holiday, Japan Jibun bank manufacturing PMI, Jibun bank services PMI.
Germany Ifo business cliamte, Ifo current conditions, Ifo expectations, U.S. national activity index and Dallas Fed manufacturing business index 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]

AceTraderFx Sept 27: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 27 Sept 2022 03:00GMT

EUR/USD - 0.9630
Yesterday's cable-led weakness to a fresh 2-decade trough of 0.9559 (Asia) signals recent downtrend remains in force and as price has fallen in New York after a short-covering bounce to 0.9701 (Europe), further fall to 0.9500 is likely but 0.9475/80 may hold.

On the downside, only a daily close above 0.9669 would prolong choppy sideways swings and risk stronger gain to 0.9701/05.

Data to be released on Tuesday:
Italy trade balance non-EU.
U.S. building permits, durable goods, durables ex-transport, durables ex-defense, redbook, monthly home price, consumer confidence, new home sales 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]

AceTraderFx Sept 28: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 28 Sept 2022 03:00GMT

EUR/USD - 0.9598
Euro's weakness to 0.9570 in New York yesterday following a rebound from Monday's fresh 2-decade low of 0.9559 to 0.9701 suggests re-test of 0.9559 would be seen after range trading, break extends downtrend to 0.9520 but loss of momentum may limit weakness to 0.9485.

On the upside, only a daily close above 0.9652 would prolong choppy sideways swings and risk 0.9670, break, 0.9701.

Data to be released on Wednesday:
U.K. BRC shop price index, Australia retail sales, Japan coincident index, leading index, Germany Gfk consumer confidence, France consumer confidence, Italy business confidence, consumer confidence, industrial sales.
U.S. MBA mortgage application, goods trade balance, wholesale inventories and pending 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 update

 

[acetraderfx]

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

DAILY MARKET OUTLOOK on Major
Update Time: 29 Sept 2022 03:00GMT

EUR/USD - 0.9704
Despite resumption of downtrend to a fresh 20-year trough of 0.9537 (Europe) yesterday, subsequent rally due to selloff in usd in tandem with US yields to 0.9750 in New York signals a temporary low is made, intra-day retreat may head to 0.9640/50, below, 0.9600.

On the upside, only a daily close above 0.9750 would risk stronger retracement towards 0.9775 but 0.9810/13 should cap upside.

Data to be released on Thursday:
Italy producer prices, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence, Germany CPI.
U.S. GDP, PCE prices, initial jobless claims, continuing jobless claims, Canada GDP and 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]

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

DAILY MARKET OUTLOOK on Major
Update Time: 30 Sept 2022 03:00GMT

EUR/USD - 0.9821
Despite resumption of downtrend to a fresh 20-year trough of 0.9537 on Wednesday, subsequent rally to 0.9750 and then yesterday's break above there to 0.9815 (New York), then 0.9844 in Australia today suggests stronger retracement to 0.9878, 0.9908 would be seen, reckon 0.9945 should cap upside.

On the downside, a daily close below 0.9750 needed to signal top is made and yield weakness towards 0.9684.

Data to be released on Friday:
New Zealand building permits, Japan unemployment rate, industrial output, retail sales, consumer confidence, construction orders, housing starts, China NBS manufacturing PMI, caixin manufacturing PMI.
Germany import prices, retail sales, unemployment change, unemployment rate, U.K. current account, GDP, nationwide house prices, Swiss retail sales, KOF indicator, France CPI, consumer spending, producer prices, Italy unemployment rate, CPI, EU HICP, unemployment rate.
U.S. personal spending, personal income, core PCE price index, Chicago PMI, University of Michigan sentiment and Canada 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 update

 

[acetraderfx]

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

DAILY MARKET OUTLOOK on Major
Update Time: 03 Oct 2022 03:00GMT

EUR/USD - 0.9798
Although euro's upmove from last Wednesday's fresh 2-decade bottom at 0.9537 to as high as 0.9853 (Europe) Friday suggests recent downtrend has made a temporary low, subsequent retreat to 0.9735 in New York morning would bring choppy sideways trading.

Above 0.9853 would extend marginal gain, loss of upward momentum should cap price below 0.9908.
Below 0.9735 signals first leg of correction over and heads back towards 0.9636.

Data to be released later:
Australia manufacturing PMI, Japan Tankan big manufacturing PMI, Tankan small manufacturing PMI, Jibun bank manufacturing PMI, China market holiday.
Swiss CPI, manufacturing PMI, France budget balance, S n P manufacturing PMI, Italy S n P manufacturing PMI, Germany S n P manufacturing PMI, EU S n P manufacturing PMI.
U.K. S n P manufacturing PMI, Canada S n P manufacturing PMI, U.S. S n P manufacturing PMI, construction spending and 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 update