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AceTraderFx Oct 31: DAILY MARKET OUTLOOK on Major - USD/JPY

Discussion in 'Market Predictions and Reports' started by acetraderfx, Oct 31, 2014.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx May 21: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 21 May 2019 09:30 GMT

    USD/JPY - 110.12
    Although dollar has retreated after Monday's rise to a 1-week high at 110.32 in Asia, as 109.81 (New York) has contained weakness, upside bias is retained for recent upmove from last Monday's 3-month trough at 109.02 to resume and extend to 110.50/60 before prospect of decline due to loss of momentum, below 109.50 would bring re-test of 109.02.

    On the upside, only above 110.70 would risk stronger gain towards 111.05.

    Market has shown muted reaction to early comments by Fed's J. Powell. U.S. will release Redbook sales, existing home sales in New York morning. Also we have Fed's Evans n Fed's Rosengren speaking later today.

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  2. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx May 22: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 22 May 2019 09:30 GMT

    USD/JPY - 110.39
    Dollar's rally from 110.07 in Europe to a 2-week high at 110.67 in New York on broad-based gains in U.S. stocks yesterday suggests recent upmove from last Monday's 3-month trough of 109.02 has resumed and further gain to 110.85/95 would be seen after consolidation, however, reckon 111.05 should hold and yield retreat.

    Below 110.07 would indicate temporary top made and extend weakness towards 109.81.
    Above 110.05 risks gain to 111.35/38.

    U.S. calendar is very thin with MBA mortgage applications being the only data due out ahead of release of FOMC minutes at 18:00GMT. We have a number of Fed officials delivering speeches today (see EI page for details).
    For Asian traders, pay attention to a club lunch speech titled "The U.S. Economy and Monetary Policy" by St. Louis Fed President James Bullard (voting member) who is speaking at The Foreign Correspondents' Club in Hong Kong at 05:00GMT.

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  3. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx May 23: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 23 May 2019 09:30 GMT

    USD/JPY - 110.25
    Despite dollar's resumption of upmove from May's 3-month trough at 109.02 to a 2-week high of 110.67 on Tuesday, subsequent retreat to 110.13 in Asia today suggests temporary top is possibly made n consolidation with downside bias remains for weakness to 109.45/50 but 109.15/16 should hold and yield rebound.

    On the upside, only above 110.67 would risk one more rise towards 111.90/00 before retreat.

    U.S. will release a slew of eco. data starting with weekly jobless claims, building permits, Markit mfg and services PMIs, new home sales and Kansas City Fed Mfg index. We also have a number of Fed officials speaking during New York session (please refer to EI page for details).

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  4. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx May 24: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 24 May 2019 09:30 GMT

    USD/JPY - 109.56
    Although dollar has recovered to 109.75 in Asian morning after yesterday's selloff, subsequent retreat suggests pullback has ended and recent decline from Tuesday's 110.67 would resume and bring re-test of May's 3-month bottom at 109.02, where break would extend fall from April's 112.39 high to 108.50.

    On the upside, only above 110.07 would prolong choppy trading and risk retracement towards 110.32/37.

    U.S. will release Apr durable goods order at 12:30GMT and no speech is scheduled by Fed officials. T.G.I.F.

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  5. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx May 27: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 27 May 2019 09:30 GMT

    USD/JPY - 109.54
    Dollar's selloff from last Tuesday's near 2-week high at 110.67 to 109.28 Friday suggests early correction from May's 3-month low at 109.02 has ended, subsequent rebound would bring range trading before prospect of another fall and below 109.02 would extend decline April's 112.39 high to 108.82/87, however, reckon 108.50 sup should hold.

    On the upside, only a daily close above 109.75 would indicate temporary bottom made and risk retracement towards 110.07/10.

    Data to be released today:
    Japan coincident index, leading economic index, Swiss non-farm payrolls, UK market holiday, and U.S. market holiday on Monday.

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  6. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx May 28: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 28 May 2019 09:30 GMT

    USD/JPY - 109.30
    Dollar's intra-day retreat from 109.63 in Asia suggests recovery from last Friday's 109.28 low has ended and below said sup would bring re-test of May's 3-month trough of 109.02, break would extend decline from 2019 peak at 112.39 (April) to 108.82/87, however, reckon 108.50 sup should hold.

    On the upside, only above 109.75 would risk stronger retracement towards 109.90/00 before retreat.

    Data to be released on Tuesday :
    Swiss GDP, trade balance, exports, imports, Germany GfK consumer sentiment, import prices, France consumer confidence, Italy trade balance, UK BBA mortgage approvals, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
    U.S. monthly home price, CS home price, consumer confidence, Dallas Fed manufacturing business index.

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  7. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx May 30: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 30 May 2019 09:30 GMT

    USD/JPY - 109.72
    Despite dollar's resumption of recent decline from last Tuesday's 110.67 to a 2-week low at 109.15 in Asia yesterday, subsequent strong rebound due to recovery in U.S. stocks in New York, then intra-day break of 109.75 res to 109.83 in Europe suggests temporary low made and retracement towards 110.26/37 may be seen before prospect of retreat.

    On the downside, only below 109.48 would indicate recovery has ended and yield 109.15 again, break would bring re-test of May's 3-month bottom of 109.02.

    On the data front, pay attention to release of U.S. Qi GDP, core PCE,, weekly jobless claims, goods trade balance, whole inventories n pending home sales. Also, we have Fed's Vice Chairman Clarida speaking at the Economic Club of NY at 16:00GMT.

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  8. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Jun 03: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 03 Jun 2019 09:30 GMT

    USD/JPY - 108.25
    Dollar's selloff on Friday due to safe-haven yen buying after U.S. President Trump threatened to raise Mexico's tariffs and then break of previous May's 109.02 low to a fresh 4-1/2 month trough at 108.07 in Asia today suggests medium term decline from April's 112.39 high would extend to 107.30 after consolidation.

    On the upside, only above 109.02 would confirm temporary bottom made and risk retracement towards 109.30/40.

    Data to be released today:
    Swiss CPI, manufacturing PMI, Italy manufacturing PMI, France manufacturing PMI, Germany manufacturing PMI, EU manufacturing PMI, EU manufacturing PMI, UK manufacturing PMI.
    Canada manufacturing PMI, U.S. manufacturing PMI, construction spending and ISM manufacturing PMI on Monday.

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  9. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Jun 06: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 06 Jun 2019 09:30 GMT

    USD/JPY - 108.24
    Despite yesterday's rally from a near 5-month low at 107.82 to 108.48 in New York on broad-based usd's strength, subsequent retreat to 108.19 in Australia, then lower to 108.08 in Europe on U.S.-Mexico trade tension suggests recovery has possibly ended and decline from April's 112.39 high would resume and extend towards 107.60/65 but 107.30 should remain intact.

    On the upside, only above 108.72 would risk stronger retracement towards 109.00/10 before retreat.

    Data to be released on Thursday :
    Germany industrial orders, EU employment, GDP, ECB interest rate decision.
    U.S. trade balance, jobless claims, labor costs, productivity, Canada trade balance, exports, imports and Ivey PMI.

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  10. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Jun 11: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 11 Jun 2019 09:30 GMT

    USD/JPY - 108.58
    Although dollar's rally from last Wed's near 5-month trough at 107.82 to 108.71 yesterday suggests recent decline from April's 4-month peak at 112.39 has made a temporary low, as long as 108.71/72 res holds, downside bias remains for re-test of 107.82, but break needed to extend decline towards 107.55/65.

    On the upside, only above 108.72 would risk stronger retracement towards 109.02, then possibly 109.25.

    Data to be released on Tuesday :
    UK claimant count, ILO unemployment rate, employment change, average weekly earnings, EU Sentix index, and U.S. PPI, redbook.

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