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  1. #361
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Aug 19: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 19 Aug 2019 05:30 GMT

    EUR/USD - 1.1090
    Euro's last week's decline from 1.1230 to as low as 1.1067 on Friday suggests correction from August's fresh 2-year trough at 1.1028 has ended earlier at 1.1249 and subsequent short-covering rebound to 1.1106 in New York would bring consolidation before another fall, however, loss of momentum should keep price well above said 2019 bottom.

    Only a daily close above 1.1131 signals temporary low is made and risks stronger retracement to 1.1158/63 but 1.1190 should cap upside.

    On the data front, the EU will release a slew of data starting with current account, HICP and core HICP.

  2. #362
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Aug 22: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 22 Aug 2019 05:30 GMT

    EUR/USD - 1.1088
    Although euro's rebound from Tuesday's 2-week low at 1.1066 to 1.1107 yesterday suggests recent decline from 1.1249 has made a temporary low and range trading is expected, as long as 1.1131 (previous sup, now res) holds, marginal weakness is likely, loss of downward momentum should keep price well above August's 2-year bottom at 1.1028 and yield strong retracement of aforesaid fall later.

    Only above 1.1131 would risk stronger retracement to 1.1158/63 but reckon 1.1190 should remain intact.

    On the data front, today is PMI day in the euro area countries, pay attention to release of France's Markit preliminary mfg and services PMIs, then the same from Germany and the EU.
    Then ECB minutes at 12:30GMT and later consumer confidence at 14:00GMT. We also have ECB's ECB's Coeure, Lane and Lautenschlager speaking at the annual Jackson Hole symposium.

  3. #363
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Aug 30: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 30 Aug 2019 03:00 GMT

    EUR/USD - 1.1053
    Euro's break of last week's 1.1052 low to a 4-week trough at 1.1043 in New York on Thursday due to renewed usd's strength on easing of Sino-U.S. trade tensions suggests re-test of August's fresh 2-year bottom at 1.1028 would be forthcoming after initial consolidation, a break there would extend recent downtrend towards next projected downside target at 1.0975.

    On the upside, only a move back above 1.1092/98 res prolongs recent 'volatile' broad sideways swings and may risk stronger retracement to 1.1130/40 next week.

    Data to be released on Friday:
    New Zealand building permits, UK GfK consumer confidence, nationwide hose price, Japan Tokyo CPI, Tokyo core CPI, unemployment rate, industrial output, retail sales, housing starts, construction orders, Australia building permits.
    Germany retail sales, France budget balance, CPI, producer prices, Swiss KOF indicator, Italy unemployment rate, CPI, GDP, EU HICP, unemployment rate.
    U.S. personal income, personal spending, PCE price index, core PCE price index, Chicago PMI, University of Michigan sentiment, and Canada GDP, producer prices.

    Acetrader

  4. #364
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Aug 30: Intra-Day News and Views & data to be released today -EUR/USD

    Intra-Day Market Moving News and Views
    Update Time: 30 Aug 2019 03:00GMT

    EUR/USD - 1.1045.. The single currency remained on the back foot in Asian trading Friday after yesterday's volatile trading. Despite resumption of this week's fall to 1.1057 in New York morning after IMF Chief Largard (who is widely expected to replace ECB Presisent Draghi in November, 2019) said in written answers to the European Parliament's committee on economic affairs ECB has room to cut rates if needed, price briefly jumped to 1.1092 on comments by ECB's Knot said he sees no need to resume QE right now but only to tumble to 4-week trough of 1.1043 on broad-based usd's strength.

    As yesterday's break of last Friday's 1.1052 suggests recent erratic has resumed, price is en route to re-test August's 26-month trough at 1.1028 and stops below option defence at the 'psychological' 1.1000 level is not in focus.
    Offers have been lowered to 1.1075/85 and more above with stops above 1.1100.
    Bids are noted at 1.1030-20 with large stops below 1.1000.

    Ahead of release of key U.S. core PCE data, we have data dump from the euro area countries during European morning, please refer to our EI section for details.

  5. #365
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Sept 03: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 03 Sept 2019 05:30 GMT

    EUR/USD - 1.0957
    Despite resumption of downtrend marginally to a fresh 27-month trough of 1.0958 in European morning yesterday, near term loss of downward momentum is expected to prevent steep fall and reckon 1.0900/10 would remain intact and bring minor correction before prospect of further decline later.

    On the upside, only a daily close above 1.1028 (prev. Aug's low, now res) signals temporary low is made and may risk stronger retracement towards 1.1060 before retreat.

    On the data front, the EU will release July PPI and ECB's nominated President Largarde will speak at 07:00GMT, then ECB's Enria will speak at ECB's Legal Conference at 11:30GMT.

  6. #366
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Sept 12: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 12 Sept 2019 05:30GMT

    EUR/USD - 1.1009
    Yesterday's intra-day selloff from 1.1055 and then break of Monday's 1.1016 low to 1.0986 suggests at least the 1st leg of correction from September's 27-month bottom at 1.0927 has ended earlier at 1.1084 and range trading with downside bias is seen ahead of key ECB's rate decision.

    Below 1.0986 would head back towards 1.0927 whilst a move above 1.1031 (ECB's less-dovish hold perhaps) signals pullback from 1.1084 is over, then price would yield another rise towards this res level.

    Ahead of ECB meeting, Germany will release final CPI, HICP, then France's CPI and EU's industrial production.

  7. #367
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Sept 23: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 23 Sept 2019 05:30GMT

    EUR/USD - 1.1018
    Euro's selloff from 1.1068 to 1.0997 on Friday suggests further choppy trading inside recent 1.0928-1.1109 broad range would be seen with downside bias, below 1.0986/91 would head towards 1.0962, break needed to yield re-test of September's 27-month trough at 1.0927.

    On the upside, only above 1.1068/75 would extend gain to 1.1091, then 1.1109 again.

    On the data front, today is PMI day in the euro area countries, France will kick off with Markit manufacturing and services PMIs, then the same from Germany and the EU plus monthly Buba monthly report. Pay attention to speeches by a number of ECB members including President Draghi (please see our EI section for details).

  8. #368
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Sept 27: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 27 Sept 2019 03:30GMT

    EUR/USD - 1.0921
    Euro's break of previous September's 1.0927 low to a fresh 27-month trough of 1.0910 on Thur confirms recent downtrend has finally resumed after 3 weeks of choppy swings and is en route towards projected target at 1.0865 after consolidation, loss of momentum should keep price above 2017 bottom at 1.1840.

    On the upside, only a daily close above yesterday's 1.0967 high (New York) defers present bearish view and may risk stronger correction to 1.1105, however, reckon res at 1.1024/25 should cap recover and yield another leg of decline next week.

    On the ecomomic calendar, there is a slew of data due out from the euro area countries, please refer to our EI section for details, any weaker-than-expected data will give euro bears excuse for bashing the single currency. We also have a number of ECB officials scheduled to speak during European morning.

  9. #369
    AceTraderFX is offline Senior Member
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    Smile AceTraderFx Sept 30: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 30 Sept 2019 03:30GMT

    EUR/USD - 1.0941
    Despite euro's short-covering rebound to 1.0958 in New York on Friday after hitting a fresh 28-month trough of 1.0906 initially in Asia suggests minor consolidation would be seen before prospect of further weakness, loss of downward momentum is likely to keep price above projected sup at 1.0865.

    On the upside, only a daily close above 1.0967 signals temporary low is in place and risks stronger correction towards 1.1005, however, reckon strong res at 1.1024/25 should cap upside.

    We have data dump from the euro area countries in European morning, please refer to our Economic Indicator section for details, pay attention to release of German retail sales at 06:00GMT.

  10. #370
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    Smile AceTraderFx Oct 02: Daily Recommendations on Major -EUR/USD

    DAILY MARKET OUTLOOK on Major
    Update Time: 02 Oct 2019 03:30GMT

    EUR/USD - 1.0939
    Despite euro's resumption of medium term decline to a fresh 28-month trough of 1.0880 in Europe on Tuesday, subsequent rally to 1.0942 (New York) on usd's broad-based weakness suggests temporary low is in place and stronger retracement towards 1.0967 would be seen before prospect of another fall.

    Below 1.0906/08 needed to bring re-test of 1.0880, break, 1.0840 later. Only above 1.1000/05 would risk gain towards 1.1025.

    There is no eco. data due out from the euro area countries, however, one should keep an eye out for a speech by ECB Vice President de Guindos at a meeting organised by the ECB in FFT at 12:00GMT.

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