AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

[acetraderfx]

AceTraderFx Sept 10: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 10 Sept 2018 10:00 GMT

USD/JPY - 111.03
Despite dollar's initial drop to 110.38 on Friday on increase in U.S.-China trade tensions, subsequent rally to 111.25 on robust U.S. jobs report suggests recent decline from 111.83 to retrace upmove from August's trough at 109.78 has made a temporary low there and choppy trading with upside bias would be seen for gain towards 111.43, however, near term loss of momentum would keep price below 111.83, yield retreat.

On the downside, only below 110.38 would revive bearishness for weakness towards 110.11 but August's low at 109.78 would hold on first testing.

Data out today:
New Zealand manufacturing sales, Japan current account, trade balance, GDP, eco watchers current, eco watchers outlook, China PPI, CPI, UK GDP, industrial output, manufacturing output, construction output, trade balance, NIESR GDP estimate, and EU Sentix index.

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

 

[erik59]

Hello

This is my market analysis for the start of the week on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY, NZD/USD, USD/CAD, XAU/USD on Daily chart.



I am a chaos trader (Bill Williams disciple), I analyze elliott waves with only 3 indicators

Cheers

Happy trading

 

[acetraderfx]

AceTraderFx Sept 12: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 12 Sept 2018 09:30 GMT

USD/JPY - 111.47
Despite dollar's initial drop to 110.38 on Friday on active yen-buying, subsequent rally to 111.25 the same day, then to 111.65 today suggests recent decline from 111.83 to retrace upmove from August's trough at 109.78 has made a temporary low there and choppy trading with upside bias would be seen for gain towards 111.83.
However, near term loss of momentum would keep price below 112.13, yield retreat.

On the downside, only below 110.38 would revive bearishness for weakness towards 110.11 but August's low at 109.78 would hold on first testing.

On the data front, U.S. will later release MBA mortgage applications, Aug PPI, core PPI and last but not least Fed's beige book at 18:00GMT.
We also have 3 Fed officials delivering speeches later today, pls refer to 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 Sept 13: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 13 Sept 2018 10:00 GMT

USD/JPY - 111.44
Despite yesterday's retreat from Australian high at 111.65 to 111.12 in New York on soft U.S. PPI data, intra-day rebound suggests consolidation with upside bias remains and above said resistance would bring re-test of 111.83. Above would indicate upmove from August's trough at 109.78 has resumed and extend towards daily resistance at 112.15, however, loss of momentum would keep price below 112.40/50, yield correction.

On the downside, only below 111.12 would indicate near term rise from 110.38 has made a temporary top there instead and risk stronger weakness towards 109.95/00.

Data out later on Thursday :
Germany CPI, HICP, France CPI, Swiss producer/import price, UK BoE MPC vote hike, BoE MPC vote unchanged, BoE MPC vote cut, BoE interest rate decision, BoE QE total, BoE QE corp bond purchases, EU ECB interest rate decision, ECB deposit rate decision.
U.S. CPI, real weekly earnings, initial jobless claims, Federal budget, and Canada new housing price index.

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 Sept 14: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 14 Sept 2018 09:30 GMT

USD/JPY - 111.86
The greenback's rally yesterday inspite of weaker-than-expected U.S. CPI and subsequent break of previous resistance at 111.83 to 112.08 suggests upmove from August's trough at 109.78 has finally resumed and a re-test of 112.15 (August) is forthcoming, break would extend marginally.
However, over bought condition would keep price below 112.39/40 today and yield a much-needed correction later.

On the downside, only below 111.12 would indicate near term rise from 110.38 has made a temporary top there instead and risk stronger weakness towards 109.95/00.

Data out later on Friday :
Italy CPI, EU trade balance, labour costs, and U.S. import prices, export prices, 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 FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Sept 17: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 17 Sept 2018 09:30 GMT

USD/JPY - 111.91
The greenback's rally last week and subsequent break of previous resistance at 112.15 to 112.17 Friday suggests upmove from August's trough at 109.78 has finally resumed and consolidation with upside bias remains for 112.39/40, above would extend marginally.
However, over bought condition would keep price below 112.70/80 today and yield a much-needed correction later.

On the downside, only below 111.12 would indicate near term rise from 110.38 has made a temporary top there instead and risk stronger weakness towards 109.95/00.

Data out later :
UK Rightmove house price, Japan market holiday, Italy trade balance, EU HICP, and U.S. NY Fed manufacturing index on Monday.

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 Sept 18: Daily Recommendations on Major - USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 18 Sep 2018 09:14 GMT

USD/JPY - 111.93
Despite the greenback's intra-day rally in Asia to a fresh 7-week peak at 112.28 at European open on Trump's additional 200 billion worth of tariffs on China, subsequent sharp retreat on news that China will retaliate against these tariffs suggests upmove from August's trough at 109.78 has made a temporary top there and choppy trading with mild downside bias would be seen.
However, 111.38/40 should remain intact, yield rebound later.

On the upside, only above 112.28 would revive bullishness for gain towards 112.69/70 but over bought condition would keep price below 112.80 and yield correction.

On the eco. data front, U.S. will release some 2nd-tier data starting with Redbook sales n NAHB housing market 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]

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

DAILY MARKET OUTLOOK on Major
Update Time: 19 Sept 2018 09:30 GMT

USD/JPY - 112.36
The greenback's rally yesterday to a fresh 7-week peak at 112.39 in New York morning on Trump's additional 200 billion worth of tariffs on China, then higher to 112.43 today on Bank of Japan's rate decision suggests upmove from August's trough at 109.78 remains in progress and further gain towards 112.80 would be seen.
However, over bough condition would keep price below 113.00.

On the downside, only below 111.66 would indicate a temporary top has been made and risk stronger retracement towards 111.38/40.

U.S. will later release a slew of eco. data starting with mortgage applications, current account, building permits, housing starts.

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 Sept 20: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 20 Sept 2018 09:30 GMT

USD/JPY - 112.26
The greenback's break of Tuesday's 7-week peak at 112.39 to 112.45 yesterday due partly to comments from Bank of Japan Governor Haruhiko Kuroda suggests upmove from August's trough at 109.78 remains in progress and further gain towards 112.80 would be seen, however, over bough condition would keep price below 113.00.

On the downside, only below 111.66 would indicate a temporary top has been made and risk stronger retracement towards 111.38/40.

Economic data out later on Thursday :

Swiss imports, export, trade balance, SNB interest rate decision, UK retail sales, U.S. initial jobless claims, Philadelphia Fed survey, existing home sales, leading indicator, Canada ADP employment change, and EU consumer confidence.
Today is the second of the 2-day EU summit meeting in Salzburg, Austria.

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 Sept 24: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 24 Sept 2018 09:30 GMT

USD/JPY - 112.47
Despite the greenback's rally to as high as 112.87 last Friday on dollar's broad-based strength, subsequent retreat to 112.28 in New Zealand today suggests erratic upmove from August's trough at 109.78 has made a temporary top there and choppy trading with mild downside bias would be seen.
However, as broad outlook remains consolidative, reckon support at 112.05 should remain intact, yield rebound later.

On the upside, only above 112.87 would revive bullishness for gain towards daily resistance at 113.17 but over bought condition would keep price below 113.50.

On the data front, today is the Japan market holiday & China market holiday too.
Germany Ifo business climate, Ifo current conditions, Ifo expectations, UK CBI industry trends survey.
Canada wholesale sales, and U.S. national activity index, Dallas Fed manufacturing business index data out on Monday.

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