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EXCELLENT JOB ON CALLING GOLD!!!
You guys are doing great...

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Update Time: 06 Dec 2022 23:47GMT

DAILY GBP/USD OUTLOOK - +1.2145+

Although cable's fall fm Mon's 5-1/2 month peak
at 1.2345 to 1.2159 in EUrope today signals recent
upmove has made a temp. top there, current bounce
wud yield range trading b4 prospect of another dec-
line, below 1.2159 wud head to 1.2135.

Remain as cautious seller for 1.2145 1st n only
abv 1.2300 wud risk gain twds 1.2320.
Rate: +1.2145+
Strategy: +Target met+
Position: +Short at 1.2245+
Objective: 1.2145
Stop-Loss:
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MARKET REVIEW ON 07 Dec 2022 02:02 GMT

Dollar rebounds in NY on safe-haven usd buying; investors look ahead to Fed meeting next week

The greenback went through a roller-coaster session on Tuesday. Although usd remained on the backfoot in Asia and Europe, renewed buying emerged in New York and ended higher against euro and sterling on safe-haven dollar buying due to weakness in U.S. stocks. Investors also remained cautious ahead of next week's Federal Reserve rate decision. 
 
Versus the Japanese yen, dollar traded with firm bias in Asia and gained to session highs at 137.46 (Reuters) ahead of European open. The pair then erased its gains and fell to an intra-day low at 135.97  ...
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MARKET MOVING NEWS

  
All times in GMT    
6 Dec 2022 03:32 AUD/USD - 0.6721... Reuters news, RBA states : 
 
- board resolute in determination to return inflation to target, will do what is necessary to achieve that 
- board expects to increase interest rates further over the period ahead 
- inflation in Australia is too high 
- board closely monitoring the glob.....
6 Dec 2022 03:30 AUD/USD - 0.6723... Reuters news, Reserve Bank of Australia : at it's meeting today, the board decided to increase the cash rate target by 25 basis points to 3.10 per cent 
 
.....
6 Dec 2022 03:06 USD/JPY - 136.96... Reuters reported Bank of Japan Governor Haruhiko Kuroda said on Tuesday it was too early now to reveal how the central bank could unload its holdings of exchange-traded funds (ETF). 
 
Once the BOJ's 2% inflation target is met, the board will likely debate the fate of the bank's ET.....
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ECONOMIC INDICATORS FOR 07/12/2022

All times in GMT    
Time Country Indicator Actual Forecast Range Previous Revised
2130 Australia AIG Services Index - Nov 45.6 N/A N/A 47.7
0030 Australia GDP QQ - Q3 0.6% 0.7% 0.2/0.8 0.9%
0030 Australia GDP YY - Q3 5.9% 6.2% 5.7/6.3 3.6%
Japan BoJ's Nakamura speaks
China Exports YY - Nov -8.7% -3.5% -14.3/0.5 -0.3%
China Imports YY - Nov -10.6% -6.0% -21.7/-0.4 -0.7%
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DAILY MARKET OUTLOOK

Update Time: 05 Dec 2022 06:58 GMT

USD/JPY - 134.65

Despite dollar's rise from Friday's 3-1/2 month low at 133.63 to 135.99 (Reuters) after release of US non-farm payroll, subsequent fall to 134.14 today suggests recovery has ended and intra-day rebound would bring choppy sideways swings before another decline, below 133.63 would extend to 133.40/45 but 133.00/10 should hold today.  
  
On the upside, only above 135.10/15 risks gain to 135.50/60, then possibly 135.99 again.
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DAILY USD/JPY TECHNICAL OUTLOOK

All times in GMT    
Last Update At 07/12/2022 02:14 GMT
Trend Daily Chart Daily Indicators 21 HR EMA 55 HR EMA
Down Neutral 136.77 136.38
Trend Hourly Chart Hourly Indicators 13 HR RSI 14 HR DMI
Sideways Bearish divergence 56 +ve
Daily Analysis
Consolidation with upside bias
Resistance Support
138.86 - 200% ext. of 133.63-135.99 fm 134.14
138.14 - Hourly chart
137.46 - Tue's high (Reuters)
135.97 - Tue's low
135.54 - Mon's European high (now sup)
135.02 - Mon's NY low
USD/JPY - 136.97..Dlr went through a roller-coast session on Tue. Although price rose to session highs of 137.46 (Reuters) ahead of European open, the pair fell to 135.97 at NY open b4 staging a strong bounce to 137.36 in Asia today. . On the bigger picture, dlr's spectacular rally fm 2011 historic 75.32 low (Mar) due to coordinated yen-selling intervention by G7 central banks to weaken .....
Click on the chart to enlarge image

charts offered by ProRealTime.com
 
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WHO WE ARE

AceTrader provides "up-to-the-minute" financial market commentaries and foreign exchange trading recommendations round the clock.

AceTrader is the internet operation of Trendsetter, a global specialist data provider who has been providing its users with real time commentaries and trading recommendations focusing on the foreign exchange market for over 20 years. A dedicated team 7 Analysts monitor the market and update recommendations and commentaries 20 hours a day.

Our coverage includes 20 different instruments with a primary focus on the foreign exchange market and Gold & Silver.

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