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

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Update Time: 24 May 2024 03:11GMT

DAILY USD/CAD OUTLOOK - +1.3740+

Y'day's break of 1.3690 res to 1.3698 on hawkish
Fed minutes suggests upmove fm May's 1.3590 low wud
head to 1.3740/45 but 1.3760/62 res shud hold today

Trade fm long side for this move n only below
1.3641/44 risks 1.3615/25, break, 1.3590/96.
Rate: +1.3740+
Strategy: +Target met+
Position: Long at 1.3660
Objective: 1.3740
Stop-Loss: Long at 1.3660
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MARKET REVIEW ON 27 May 2024 03:49 GMT

Dollar down on profit taking but upbeat outlook remains

The following currency report was taken from Reuters: 
 
The dollar slipped against most major currencies on Friday as traders booked profits after recent gains but the U.S. currency remained well-placed for further advances, supported by strong U.S. economic data that has prompted markets to dial back expectations for interest rate cuts. 
 
Data on Friday showed new orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of these goods also increased, suggesting a pickup in business spending on equipment  ...
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MARKET MOVING NEWS

  
All times in GMT    
23 May 2024 14:35 EUR/USD - 1.0835... Reuters reported wage growth data published on Thursday, that came in a bit above expectations due to developments specific to Germany, should not be over-interpreted, ECB governing council member Francois Villeroy de Galhau said. 
 
Negotiated pay growth in the euro zone picked up.....
23 May 2024 14:07 EUR/USD - 1.0837... Reuters reported euro zone consumer confidence rose by 0.4 points in May from the April number, figures released on Thursday showed. 
 
The European Commission said a flash estimate showed euro zone consumer morale improved to -14.3 this month from -14.7 in April. 
 
Economists polle.....
23 May 2024 13:56 USD/MAJORS... Reuters reported U.S. business activity accelerated to the highest level in just over two years in May, but manufacturers reported a surge in prices for a range of inputs, suggesting that goods inflation could pick up in the months ahead. 
 
S&P Global said on Thursday that its flash U.S.....
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ECONOMIC INDICATORS FOR 27/05/2024

All times in GMT    
Time Country Indicator Actual Forecast Range Previous Revised
0005 Japan BOJ's Governor Ueda speaks
0205 Japan BOJ's Uchida speaks
0500 Japan Coincident Index - Mar 113.6 N/A N/A 113.9
0500 Japan Leading Economic Index - Mar 112.2 N/A N/A 111.4
U.K. Market Holiday
EU Eurogroup Meeting
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DAILY MARKET OUTLOOK

Update Time: 16 May 2024 04:39 GMT

EUR/USD - 1.0887

Euro's resumption of upmove from Apr's 5-month bottom at 1.0602 to a 1-1/2 month 1.0886 high yesterday, then intra-day break there suggests gain towards 1.0942/45 after consolidation, overbought condition should prevent strong gain above and 1.0963/66 should cap upside.  
  
On the downside, only a daily close below 1.0855/60 risks weakness to 1.0825/35 before rebound.
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WHY AceTrader?

20 years of history in providing forex market analysis and trading recommendations to institutional traders
True 24 hours real-time analysis for up-to-the-minute recommendations and analysis
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DAILY USD/JPY TECHNICAL OUTLOOK

All times in GMT    
Last Update At 01/11/2023 02:25 GMT
Trend Daily Chart Daily Indicators 21 HR EMA 55 HR EMA
Up Bearish divergence 151.06 150.48
Trend Hourly Chart Hourly Indicators 13 HR RSI 14 HR DMI
Up Easing fm overbought 60 +ve
Daily Analysis
One more rise b4 correction
Resistance Support
152.20 - Equality of 147.38-150.77 fm 148.81
151.94 - Oct 2022 32-year high
151.72 - Tue's fresh 1-year high
151.07 - Hourly chart
150.64 - Tue's NY low
150.08 - Tue's European low
USD/JPY - 151.25..Dlr found buying interest at 149.03 in Aust. on Tue n price jumped to 150.10 in Asia on BOJ's dovish hold. The pair later rallied to a fresh 1-year 151.72 peak in NY on rally in US yields b4 retreating. . 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 the yen in th.....
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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