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

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Update Time: 08 Dec 2023 01:03GMT

INTRA-DAY EUR/JPY OUTLOOK - +154.20+
Euro's intra-day selloff fm 155.71 (AUS) on re-
newed yen buying suggests the recovery fm y'day's
4-month bottom at 153.27 has possibly ended there n
downside bias remains for re-test of said sup but
break needed to extend fall fm 164.30 twd 153.00.

Trade fm short side for 154.20 1st as only abv
155.71 risks retracement back twd 156.40/45.
Rate: +154.20+
Strategy: +Target met+
Position: Short at 155.11
Objective: +154.20+
Stop-Loss:
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MARKET REVIEW ON 11 Dec 2023 01:06 GMT

Dollar rises on stronger-tban-expected jobs data

The following report was added from Reuters. 
 
The dollar rose on Friday after new data showed U.S. job growth accelerated in November and the unemployment rate dropped, pointing to underlying strength in the labor market. 
 
The U.S. dollar index was last up 0.3% at 104.0, on track for a modest weekly gain after a bruising November, in which it shed 3%. The yen JPY=EBS was 0.52% lower against the dollar at 144.35, following its biggest rally in almost a year the day before. 
 
U.S. nonfarm payrolls added 199,000 jobs last month, the Labor Departmen ...
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MARKET MOVING NEWS

   		All times in GMT    
7 Dec 2023 01:57 USD/JPY - 146.90... Reuters reported Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will face an "even more challenging" situation in the year-end and start of next year, in response to a question about the economy and guidance of monetary policy. 
 
"The situation remains challen.....
6 Dec 2023 06:05 USD/JPY - 147.20... Reuters then reported Bank of Japan Deputy Governor Ryozo Himino said on Wednesday he did not have any preset schedule or prediction in mind on how soon the central bank could exit ultra-loose monetary policy. 
 
In a news conference in the southern Japanese city of Oita, Himino al.....
6 Dec 2023 05:46 USD/JPY - 147.21... Reuters news, BoJ's Deputy Governor Himino says : 
 
- don't have preset schedule in mind on exit from easy policy 
- inappropriate to set in advance sequence of ending various monetary easing means 
- aside from wage, price moves, must look at consumption, capex, overseas developmen.....
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ECONOMIC INDICATORS FOR 11/12/2023

 All times in GMT    
Time Country Indicator Actual Forecast Range Previous Revised
0600 Japan Machine Tool Orders YY - Nov -13.6% N/A N/A -20.6%
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DAILY MARKET OUTLOOK
Update Time: 11 Dec 2023 08:47 GMT

USD/JPY - 146.25
Despite dollar's resumption of decline to a 4-month trough of 141.73 (Reuters) last Thurs, subsequent rally to 145.21 Fri, then higher today suggests a temporary bottom is made and gain towards 146.24/30 would be seen after consolidation before retreat occurs.  
  
On the downside, only daily close below 144.82 (NZ) risks weakness to 144.40/50, below would head to 144.15/20.
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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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Verifiable performance track record in our recommendations
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DAILY GBP/USD TECHNICAL OUTLOOK

 All times in GMT    
Last Update At 01/11/2023 03:16 GMT
Trend Daily Chart Daily Indicators 21 HR EMA 55 HR EMA
Sideways Rising 1.2147 1.2145
Trend Hourly Chart Hourly Indicators 13 HR RSI 14 HR DMI
Near term down Neutral 45 -ve
Daily Analysis
Consolidation with downside bias
Resistance Support
1.2233 - Hourly chart
1.2201 - Tue's high
1.2175 - Mon's high		 1.2120 - Tue's low
1.2090 - Mon's low
1.2070 - Last Thur's low
. GBP/USD - 1.2141..Although cable rose fm 1.2138 in Asia to as high as 1.2201 in Europe on Tue, price erased intra-day gains n then tumbled to session lows of 1.2120 in NY on renewed usd's strength b4 recovering to 1.2155. . On the bigger picture, despite cable's brief break of 2016 post-Brexit low of 1.1491 to a near 35-year trough of 1.1412 in mid-Mar 2020 on safe-haven usd's dema.....
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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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