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

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Update Time: 20 Aug 2019 15:01GMT

INTRA-DAY GBP/USD OUTLOOK - +1.2135+

Despite cable's weakness to 1.2065 in Europe,
intra-day brief but sharp jump to an 11-day high on
Germany Merkel's Brexit comments (see MMN) suggests
temp. low is made, present retreat signals downside
bias remains, below 1.2065, 1.2042/45 'later'.

Venture selling at market for 1.2110 after vola-
tile trading n only abv 1.2180 may risk 1.2205/09.
Rate: +1.2135+
Strategy: +Stop profit+
Position: +Short at 1.2160+
Objective:
Stop-Loss: +1.2135+
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MARKET REVIEW ON 19 Aug 2019 23:38 GMT

Dollar regains traction as safe-haven yen and chf fall on improved risk appetite

The greenback pared initial losses made in Asia and European morning and ended higher across the board on Monday as risk sentiment improved due to speculation that central banks will launch stimulus measure to boost global growth. Dollar gained further buying interest in New York trading after Boston Fed President Eric Rosengren downplayed the need for more interest rate cut. 
 
Reuters reported in New York afternoon Boston Federal Reserve Bank President Eric Rosengren on Monday said U.S. economic conditions are still good and that lowering inter ...
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MARKET MOVING NEWS

  
All times in GMT    
20 Aug 2019 14:26 EUR/USD - 1.1084... Reuters reported German Chancellor Angela Merkel said on Tuesday the EU would think about practical solutions regarding the post-Brexit border between Northern Ireland and the Republic of Ireland, but not by revisiting the Withdrawal Agreement. 
 
"(At) the moment we have a practic.....
20 Aug 2019 14:08 EUR/USD - 1.1085... Reuters reported Italian Prime Minister Giuseppe Conte said he would resign later on Tuesday following a decision by the ruling League party to present a no-confidence motion in the coalition government. 
 
Addressing parliament over the political turmoil unleashed by the League, C.....
20 Aug 2019 13:58 EUR/GBP - 0.9130... Reuters news, Germany's Merkel says : 
 
- EU will remain united in approach to Brexit 
- on backstop, we will think about practical solutions 
- Britain needs to decide which way it goes, we have our offer to work closely 
- on backstop issue, this is a question of political declarat.....
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ECONOMIC INDICATORS FOR 20/08/2019

All times in GMT    
Time Country Indicator Actual Forecast Range Previous Revised
0130 Australia RBA Meeting Minutes report
0600 Germany PPI MM - Jul 0.1% 0.1% -0.3/0.2 -0.4%
0600 Germany PPI YY - Jul 1.1% 1.1% 0.9/1.2 1.2%
0600 Swiss Trade Balance - Jul 3631M N/A N/A 4096M 4007M
0600 Swiss Exports MM - Jul 21858M N/A N/A 20.454M
0600 Swiss Imports MM - Jul 18227M N/A N/A 16359M 16446M
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DAILY MARKET OUTLOOK

Update Time: 20 Aug 2019 08:04 GMT

USD/JPY - 106.46

Although dollar's retreat from last Tue's 106.97 high to 105.66 Wed suggests correction from last Mon'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.
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20 years of history in providing forex market analysis and trading recommendations to institutional traders
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DAILY GBP/USD TECHNICAL OUTLOOK

All times in GMT    
Last Update At 20/08/2019 00:56 GMT
Trend Daily Chart Daily Indicators 21 HR EMA 55 HR EMA
Down Turning up 1.2131 1.2126
Trend Hourly Chart Hourly Indicators 13 HR RSI 14 HR DMI
Sideways Neutral 46 -ve
Daily Analysis
Choppy consolidation to continue
Resistance Support
1.2250 - Jul 31 high
1.2209 - Aug's high (06)
1.2175 - Last week's high (Fri)
1.2105 - Y'day's low
1.2077 - Fri's low (AUS)
1.2042 - Tue's low
. GBP/USD - 1.2128.. Although the pound retreated fm 1.2164 in NZ to 1.2140 at Asian open, price gained to session highs at 1.2172 in Europe. However, cable erased its gains n tumbled to 1.2105 ahead of NY open b4 rebounding to 1.2158. . On the bigger picture, cable's rally fm 2016 31-year bottom at 1.1491 due to a 'flash crash' on Brexit worries to 2018 21-month peak at 1.4377 in Ap.....
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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