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AceTraderFx Sept 27: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 27 Sept 2019 09:30GMT
USD/JPY - 107.87
Dollar's strong rebound from Tuesday's low at 106.97 to 107.95 (New York) yesterday suggests pullback from September's 6-week top at 108.47 has ended, and as price has rebounded after initial retreat to 107.66 (Asia), upside bias is retained for gain to 108.20/30 but 108.47 should hold.
On the downside , only below 107.43 signals recovery has ended instead and risk weakness toward 107.26, then 106.97.
Data to be released later:
France consumer spending, CPI (EU norm), CPI, producer prices, Italy MFG business confidence, consumer confidence, producer prices, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
U.S. personal income, personal spending, core PCE index, PCE price, durable goods, durables ex-transport, ex-defense, U. 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 updates
Update Time: 27 Sept 2019 09:30GMT
USD/JPY - 107.87
Dollar's strong rebound from Tuesday's low at 106.97 to 107.95 (New York) yesterday suggests pullback from September's 6-week top at 108.47 has ended, and as price has rebounded after initial retreat to 107.66 (Asia), upside bias is retained for gain to 108.20/30 but 108.47 should hold.
On the downside , only below 107.43 signals recovery has ended instead and risk weakness toward 107.26, then 106.97.
Data to be released later:
France consumer spending, CPI (EU norm), CPI, producer prices, Italy MFG business confidence, consumer confidence, producer prices, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
U.S. personal income, personal spending, core PCE index, PCE price, durable goods, durables ex-transport, ex-defense, U. 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 updates