DAILY MARKET OUTLOOK on Major Update Time: 12 Aug 2021 03:00GMT
EUR/USD - 1.1741 Despite resumption of recent downtrend to a fresh 4-month low of 1.1707 (Europe), subsequent rebound to 1.1753 due to broad-based long liquidation in usd after in-line U.S. CPI data suggests temporary bottom is made and consolidation is seen before re-test of 2021 trough at 1.1705, loss of momentum would limit weakness to 1.1675/85.
Only a daily close above 1.1768 res will risks stronger correction to 1.1819/29 later.
Data to be released on Thursday: New Zealand food price index, inflation forecast, Japan corporate goods price, Australia consumer inflation U.K. RICS housing price balance, U.K. GDP, industrial output, manufacturing output, construction output, trade balance, Italy trade balance, EU industrial production, U.S. jobless claims, continuing jobless claims and PPI.
DAILY MARKET OUTLOOK on Major Update Time: 13 Aug 2021 03:00GMT
EUR/USD - 1.1736 Despite euro's narrow move in subdued Thursday's session following rebound from Wednesday's fresh 4-month trough at 1.1707 to 1.1753, outlook remains bearish for re-test of 2021 bottom at 1.1705, loss of momentum should keep price above projected sup at 1.1653.
Only a daily close above 1.1768 (Monday's high) dampens bearish outlook and risks stronger correction to 1.1819/29 early next week.
On the data front, euro are countries will release a slew of second-tier eco. data, please refer to our EI page for details.
DAILY MARKET OUTLOOK on Major Update Time: 16 Aug 2021 03:00GMT
EUR/USD - 1.1795 Fri's rally above previous res at 1.1768 to 1.1804 in New York due to broad-based usd's weakness after downbeat U.S. consumer confidence suggests medium-term downtrend has made a low at Wed's fresh 4-month bottom at 1.1707 and further gain is envisaged after consolidation, overbought condition would cap price at 1.1857.
Only a daily close below 1.1768 signals 1st leg of correction is over and may risk decline towards 1.1724.
Data to be released next week : Japan GDP, industrial output, capacity utilization, industrial output, China house prices, industrial output, retail sales. U.K. Rightmove house price. U.S. New York Fed manufacturing index, Canada manufacturing sales and wholesale trade on Monday.
While most of the commercial members on FF Twitter and Facebook are losing thousands of dollars and finally go off without any outcome our system is making consistent profits.
We don't promise overnight success or fast money because we know that making money is a process and you need time and planning to make money.
so for those types of people who are intelligent and know this truth about making money we represent our system to them to follow and start making money with us on a long-term basis and with peace of mind.
Verified results ✔ Real account ✔ Long term verified history ✔ Small lots with big profits ✔ Automated system for accuracy ✔ Small monthly fees for more profits ✔ Consistent growth and equity management ✔ Support available ✔
& copy; 2022 Myfxbook Ltd. Všechna práva vyhrazena.
UPOZORNĚNÍ NA VYSOKÉ RIZIKO: Obchodování s devizami přináší vysokou úroveň rizika, které nemusí být vhodné pro všechny investory.
Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
Můžete přijít o část nebo všechny své počáteční investice. Neinvestujte peníze, které si nemůžete dovolit ztratit. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Všechny údaje a informace jsou poskytovány "tak, jak jsou". pouze pro informační účely a nejsou určeny pro obchodní účely nebo rady.
Výkonnost v minulosti neznamená výkonnost v budoucnosti.