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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 Aug 13: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 13 Aug 2019 09:30 GMT

    USD/JPY - 105.24
    Although dollar's rebound from Mon's fresh 7-month bottom at 105.06 to 105.58 today suggests temporary low is possibly made and range trading would be seen before prospect of one more fall, loss of momentum should prevent steep fall below 2019 trough at 104.79 (Jan) and yield correction.

    On the upside, above 105.58 would bring stronger retracement towards 105.69 but 105.85/90 should hold.

    On the data front, U.S. will release a slew of eco. indicators starting with Jul core CPI, CPI, real weekly earnongs n Redbook sales.

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  2. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Aug 14: Daily Recommendations on Major -USD/JPYAttached Image

    [​IMG] DAILY MARKET OUTLOOK on Major

    Update Time: 14 Aug 2019 09:30 GMT

    USD/JPY - 106.45
    Dollar's impressive rally from 105.07 to 106.97 on Tue due to positive news of U.S.-China trade talks suggests recent decline has made a temporary low at Mon's fresh 7-month bottom of 105.06, subsequent retreat would bring range trading before prospect of another rise towards 107.10/15.

    On the downside, only below 106.00/10 would indicate recovery has ended instead, risk retracement towards 105.57/67.

    U.S. will later release a slew of economic data starting with MBA mortgage applicaions, then import and export prices. As these 3rd tier data are unlikely to have impact on price, traders will take cue from intra-day movements in U.S. stocks and Treasury yields.

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  3. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Aug 15: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 15 Aug 2019 09:30 GMT

    USD/JPY - 106.20
    Despite dollar's brief jump to 106.78 at European open, subsequent retreat suggests further choppy trading inside recent broad range 105.06-106.97 would continue with downside bias and below 105.66 would yield 105.30/40, where break would bring re-test of Monday's fresh 7-month bottom of 105.06.

    On the upside, only above 106.78 would risk stronger retracement towards 106.97, then possibly 107.09.

    Data to be released later:
    Italy market holiday, UK retail sales, retail sales ex-fuel, retail sales import price.
    US New York Fed manufacturing, initial jobless claims, labor costs prelim, productivity prelim, retail sales ex-autos, retail sales.industrial production, capacity utilization, manufacturing output, industrial production and Canada ADP employment change.

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  4. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Aug 16: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 16 Aug 2019 09:30 GMT

    USD/JPY - 106.17
    Dollar's decline from Tuesday's 106.97 high to 105.66 Wednesday suggests first leg of correction from Monday's fresh 7-month trough at 105.06 has ended, yesterday's brief jump to 106.78 at European open and then fall to 105.71 would bring range trading before price heads to 105.80/90, and below 105.66 needed for 105.30/40.

    On the upside, only above 106.97 would risk gain towards 107.09 but 107.27 should hold.

    Data to be released later :
    EU trade balance and U.S. building permits, housing starts, University of Michigan consumer sentiment.

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  5. acetraderfx

    acetraderfx AceTrader.com Representative

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

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 19 Aug 2019 09:30 GMT

    USD/JPY - 106.55
    Although dollar's fall from Tuesday's 106.97 high to 105.66 (Wed) suggests correction from Monday's fresh 7-month trough at 105.06 has possibly ended, subsequent strong bounce to 106.78 then retreat to 105.71 on Thursday would bring volatile swings before prospect of another decline.

    Only above 106.97 would risk further gain towards 107.09, then possibly 107.57

    Data to be released later today:
    EU current account, HICP final, core HICP on Monday.

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  6. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Aug 20: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 20 Aug 2019 09:30 GMT

    USD/JPY - 106.46
    Although dollar's retreat from last Tuesday's 106.97 high to 105.66 Wed suggests correction from last Monday's fresh 7-month trough at 105.06 has ended, subsequent daily wild swings would bring range trading before prospect of another fall to 105.66/71.

    On the upside, only above 106.78 would risk re-test of 106.97, break would extend gain towards 107.09, then 107.27.

    U.S. will later release Philly Fed non-manufacturing business outlook survey at 12:30GMT, then Redbook sales at 12:55GMT. Intra-day traders are expected to ignore these 2nd-tier data and will take cue from intra-day move in U.S. yields n stocks.

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  7. acetraderfx

    acetraderfx AceTrader.com Representative

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

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

    USD/JPY - 106.55
    Dollar's daily wild swings in the past week following rebound from last Mon's fresh 7-month trough at 105.06 to 106.97 last Tue are expected to continue, yesterday's rebound from 106.17 (New York) and intra-day strength suggests range trading would be seen before price head towards 105.66.

    Only above 106.69 may risk gain to 106.97, break would extend said upmove towards 107.20/27 before retreat.

    Data to be released later:
    UK PSNB, PSNCR, U.S. existing home sales, MBA mortgage applications.
    Canada CPI, CPI BOC core, CPI, core CPI.

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  8. acetraderfx

    acetraderfx AceTrader.com Representative

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

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

    USD/JPY - 106.45
    Although dollar's sideways swings following early rebound from last Monday's fresh 7-month trough at 105.06 to 106.97 last Tuesday are expected to continue, Monday's retreat from 106.69 to 106.17 on Tuesday would bring range trading before price head towards 105.66 before prospect of rebound.

    On the upside, only above 106.97 would risk further gain to 107.09 but 107.57 should hold, yield correction.

    Ahead of Friday's J. Powell's speech, pay attention to release of U.S. eco. data later in the day starting with initial weekly jobless claims, Markit mfg and services PMIs and Kansas City mfg index.
    Also we have Minneapolis Fed President Kashkari (2019 non-voter and a dove) speaking at 18:30GMT.

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  9. acetraderfx

    acetraderfx AceTrader.com Representative

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

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

    USD/JPY - 106.63
    Although dollar's retreat from last Tuesday's 106.97 high to 105.66 (Wednesday) suggests correction from August's 7-month trough at 105.06 has ended there, subsequent brief spike up to 106.78 last Thursday, and then retreat to 106.17 Tuesday would yield further choppy trading before prospect of another fall, below 106.17 would bring weakness to 105.66/71.

    On the upside, above 106.69 would risk re-test of 106.97, where break would extend aforesaid rise to 107.09, then 107.47/57.

    T.G.I. F. for Asian traders, ahead of Powell's speech, we have several Fed officials speaking at various times (see our EI section for details) n the only U.S. data due out at the same time when Powell begins to speak is new home sales for Jul.

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  10. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Aug 26: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK on Major
    Update Time: 26 Aug 2019 09:30 GMT

    USD/JPY - 105.78
    Despite dollar's intra-day gap-down open and then break of January's 104.79 low to a 33-month bottom at 104.46 in New Zealand on escalation of U.S.-China trade tensions, price rallied to 105.79 in Asian morning, then 105.95 in European morning following U.S. President Trump's comments suggests temporary low is made and stronger retracement to 106.26 may be seen.

    On the downside, only below 105.17/20 would indicate recovery has ended instead, yield 104.79, then possibly 104.46 again.

    Data to be released later:
    Germany Ifo business climate, current conditions, expectations, U.S. durable goods, Chicago national activity and Dallas Fed manufacturing index on Monday.

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