AceTraderFx: Daily Market Outllook on Major -EUR/USD

[acetraderfx]

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

DAILY MARKET OUTLOOK on Major
Update Time: 03 Jul 2018 5:30 GMT

EUR/USD - 1.1640
Despite yesterday's intra-day decline from 1.1697 (New Zealand) to as low as 1.1591 in New York morning on market jitters over a potential split in German coalition, subsequent bounce near New York close after a compromise deal of EU migration was reached has retained bullishness and upmove from last week's 1.1527 low may head to 1.1720, break would encourage for stronger correction towards 1.1750.

Only below 1.1591 may risk weakness towards 1.1552 before prospect of rebound.

Data to be released on Tuesday :
France budget balance, UK Markit construction PMI, EU producer prices, retail sales.
Canada Markit manufacturing PMI, and U.S. redbook, ISM New York index, durable goods, durables ex-defense, durables ex-transport, factory orders.

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

 

[acetraderfx]

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

DAILY MARKET OUTLOOK on Major
Update Time: 05 Jul 2018 6:00 GMT

EUR/USD - 1.1661
Despite yesterday's intra-day broad sideways swings, as euro's erratic rise from this week's low at 1.1591 (Tuesday) to 1.1682 yesterday suggests early pullback from 1.1697 (Monday) has ended there, consolidation with upside bias remains for gain towards last week's high at 1.1720.

On the downside, only below sup area at 1.1621/31 would prolong choppy consolidation until release of Friday's key U.S. jobs data, however, reckon 1.1591 would remain intact.

On the data front, the only eco. data due out is Germany's industrial order.
There are a number of ECB official delivering speeches, please refer to our EI page for details.

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

 

[acetraderfx]

AceTraderFx Jul 06: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 06 Jul 2018 5:30 GMT

EUR/USD - 1.1693
Yesterday's initial rally to 1.1711 in Europe on upbeat German data and then re-test of last week's high at 1.1720 bodes well for upmove from Jun's 11-month trough at 1.1509 to head to 1.1750 after consolidation.

As long as 1.1650 holds, upside bias remains and only below said sup would risk stronger retracement to 1.1621 but reckon 1.15941 should remain intact.

Data to be released on Friday :
Germany industrial output, France current account, trade balance, imports, exports, UK Halifax house prices, Italy retail sales.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, trade balance, goods trade balance, and Canada employment change, unemployment rate, trade balance, exports, imports, Ivey PMI

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

 

[acetraderfx]

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

DAILY MARKET OUTLOOK on Major
Update Time: 09 Jul 2018 5:30 GMT

EUR/USD - 1.1754
Euro's expected resumption of recent upmove to a 3-week high of 1.1768 in post-NFP New York on Fri suggests upside bias remains for price to head to 1.1800/10 after consolidation, however, loss of upward momentum is likely to prevent strong gain and reckon key daily res at 1.1852 should remain intact.

On the downside, below 1.1697 (previous res, now sup) anytime signals temporary top is in place and may risk stronger retracement towards 1.1650 later this week.

On the eco. data front, Germany will kick off with export, import data, trade balance n current account, the EU will release Sentix investor sentiment.
A number of ECB heavyweights will be speaking today starting with ECB Chief Economist Praet at 07:00GMT, then ECB Presisent who will speak at 13:00GMT and then 15:00GMT.

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

 

[acetraderfx]

AceTraderFx Jul 10: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 10 Jul 2018 5:40 GMT

EUR/USD - 1.1757
Although yesterday's 'cable-led' decline from a fresh 3-week high at 1.1791 to 1.1732 in New York suggests recent erratic upmove has made a temporary top and consolidation is in store, as long as 1.1697 (previous. res, now sup) holds, prospect of marginal gain is still envisaged, loss of momentum should cap price below key daily res at 1.185 this week.

A daily close below 1.1697 would risk stronger retracement of recent rise to 1.1650 before prospect of rebound

Data to be released on Tuesday:
France industrial output, Italy industrial output, Germany ZEW economic sentiment, ZEW current conditions, EU ZEW economic sentiment.
Canada housing starts, building permits, and U.S. redbook, JOLTS job openings.

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

 

[acetraderfx]

AceTraderFx Jul 12: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 12 Jul 2018 5:30 GMT

EUR/USD - 1.1676
Yesterday's break of Tuesday's 1.1690 low to 1.1666 in New York due to broad-based usd's strength suggests decline from 1.1791 (Monday) to retrace recent upmove from June's 11-month trough at 1.1509 has resumed and would pressure price to 1.1625/30, oversold condition should keep price well above last week's low at 1.1591.

On the upside, only above res at 1.1758/63 signals pullback is over and risks re-test of 1.1791 later.

On the data front, Germany will kick off with Germany's final CPI, then the same from France, then EU's industrial prod. and later minutes of previous ECB monetary policy meeting.

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

 

[acetraderfx]

AceTraderFx Jul 13: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major

Update Time: 13 Jul 2018 5:30 GMT

EUR/USD - 1.1664
Although euro's intra-day weakness after yesterday's rebound from 1.1650 to 1.1696 suggests erratic decline from Monday's 3-week high at 1.1791 to retrace recent upmove would extend to 1.1630, loss of downward momentum should keep price well above last week's low at 1.1591 and bring rebound later today or Monday.

On the upside, a daily close above 1.1696 would be the 1st signal said retreat from 1.1791 has ended would outlook would improve for subsequent headway towards 1.1758.

Data to be released on Friday :
Germany wholesale price, France nonfarm payrolls, Swiss producer/import price, and U.S. import prices, export prices, University of Michigan sentiment.

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

 

[acetraderfx]

AceTraderFx Jul 16: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 16 Jul 2018 5:30 GMT

EUR/USD - 1.1682
Friday's rally to 1.1688 after extending decline from Monday's 3-week high of 1.1791 to retrace early up-move from June's 11-month trough at 1.1509 to 1.1613 suggests said correction is possibly made.
above 1.1696/00 would encourage for gain towards 1.1758 later.

Reinstate long on dips for 1.1735 and only below 1.1631 may risk 'one more' fall towards 1.1591.

On the data front, Italy will release trade balance n the the same from the EU.

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

 

[acetraderfx]

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

DAILY MARKET OUTLOOK on Major
Update Time: 19 Jul 2018 5:30 GMT

EUR/USD - 1.1653
despite euro's resumption of recent decline to a 2-week trough of 1.1602 yesterday, subsequent rebound suggests temporary low has been made and range trading is seen, as long as 1.1685/95 holds, downside bias remains for one more fall twd 1.1591.

A daily close above 1.1695 signals low has been made and risks stronger retracement to 1.1725, then 1.17475.

Data to be released on Thursday :
Swiss imports, exports, trade balance, UK retail sales.
Canada ADP employment change, and U.S. initial jobless claims, Philadelphia Fed survey, leading indicator.

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

 

[acetraderfx]

AceTraderFx Jul 20: Daily Recommendations on Major -EUR/USD

DAILY MARKET OUTLOOK on Major
Update Time: 20 Jul 2018 5:30 GMT

EUR/USD - 1.1655
Despite euro's resumption of recent decline to a fresh 2-week trough of 1.1575, subsequent jump to 1.1678 in New York session due to broad-based weakness in the greenback following Trump's usd-negative comments suggests further 'choppy' trading above June's 11-month bottom at 1.1509 would continue, above 1.1678 would bring stronger retracement towards 1.1725.

On the downside, only below 1.1602 signals rebound is over n would bring re-test of 1.1575 but 1.1509 should remain intact due to loss of downward momentum.

Data to be released on Friday :
Germany producer prices, EU current account, UK PSNB, PSNCR, Canada CPI, retail sales.

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