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

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Update Time: 12 Sep 2024 07:30GMT

INTRA-DAY EUR/CHF OUTLOOK - +0.9405+

Euro's rally fm a fresh 1-month bottom at 0.93
08 to as high as 0.9397 in NY Wed n intra-day break
there signals recent erratic decline has made a
temporary low there n abv 0.9406/10 yields stronger
retracement twd 0.9445, break, 0.9470/80.

Trade fm long side for 0.9405 next as only below
0.9360/65 risks retracement twd 0.9320/25.
Rate: +0.9405+
Strategy: +Target met+
Position: Long at 0.9345
Objective: 0.9405
Stop-Loss:
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MARKET REVIEW ON 14 Sep 2024 06:46 GMT

Dollar edges lower ahead of the Fed's policy meeting next week

The following currency report was taken from LSEG : 
 
The U.S. dollar fell on Friday to its lowest level in nearly nine months against the Japanese yen after media reports once again fueledspeculation the Federal Reserve could deliver a super-sized 50-basis-point interest rate cut at its policy meeting next week. 
 
Analysts said reports by the Wall Street Journal and Financial Times late on Thursday saying a 50-bp rate reduction is still an option, and comments from a former Fed official arguing for an outsized cut, caused a shift in market expec ...
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MARKET MOVING NEWS

  
All times in GMT    
12 Sep 2024 12:17 EUR/USD - 1.10116... LSEG reported the European Central Bank cut its interest rates on Thursday, saying lower inflation and economic growth were allowing it to take its foot off the brake slightly. 
 
The second rate cut in three months marks a gradual normalisation in the ECB's policy after the worst.....
12 Sep 2024 12:15 EUR/USD - 1.1018... LSEG news, ECB cuts deposit rate to 3.50% (Reuters poll 3.50%). 
 
ECB cuts main refinancing rate to 3.65% (Reuters poll 3.65%). 
 
.....
12 Sep 2024 06:06 USD/JPY - 142.74... LSEG news, BOJ board member Tamura continues to say : 
 
- weak yen being reversed somewhat but rise in import costs seen earlier this year will likely affect consumer inflation with a lag 
- compared to when dollar/yen was at 160, upward risk to inflation has subsided somewhat 
- BO.....
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ECONOMIC INDICATORS FOR 16/09/2024

All times in GMT    
Time Country Indicator Actual Forecast Range Previous Revised
2230 New Zealand Business PSI - Aug N/A N/A 43.2
Japan Market Holiday
2301 U.K. House Price Rightmove MM - Sep N/A N/A -1.5%
2301 U.K. House Price Rightmove YY - Sep N/A N/A 0.8%
China Market Holiday
0600 Germany Wholesale Price Index MM - Aug N/A N/A 0.3%
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DAILY MARKET OUTLOOK

Update Time: 02 Sep 2024 06:09 GMT

EUR/USD - 1.1057

Despite euro's resumption of medium term upmove to a 13-month 1.1201 peak in Aug, subsequent fall to 1.1042 today suggests temporary top is made and retracement towards 1.0960/70 would be seen after consolidation, however, 1.0944/49 support area should hold on 1st testing.  
  
On the upside, a daily close above 1.1099/05 would yield gain to 1.0937/39 before retreat occurs.
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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
Forecasting methodology used by professionals
Verifiable performance track record in our recommendations
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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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