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Macro

GBP/USD Outlook (17 March 2022)Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.30400 and broke above the key level of 1.31. The Bank of England (BoE) will be announcing their monetary policy later at 2000 (GMT+8). It is expected that the central bank will be hiking interest rate by 0.25%. If the central bank carries out a 0.50% rate hike, this will likely lead to the strengthening of GBP. Pay attention to the BoE’s view on how the ongoing Russia-Ukraine war can impact any further rate hikes in the future. Also, take note of any plans from the central bank regarding corporate bond sales. GBP/USD’s next support zone is at 1.30400 and the next resistance zone is at 1.32200. Look for short-term buying opportunities of GBP/USD.
Long
by JinDao_Tai
EUR/JPY Outlook (17 March 2022)Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the resistance zone of 130.000. The European Central Bank President Lagarde will be speaking later at 1730 (GMT+8). During this time, there may be volatility in EUR. Currently, EUR/JPY is testing to break above the key level of 131. Its next support zone is at 130.000 and the next resistance zone is at 131.500. Look for short-term buying opportunities of EUR/JPY if it breaks above the key level of 131.
Long
by JinDao_Tai
NZD/USD Outlook (17 March 2022)Overall, NZD/USD is trending upwards. Recently, NZD/USD bounced trended into the resistance zone of 0.68400. The New Zealand GDP q/q data (Actual: 3.0%, Forecast: 3.3%, Previous: -3.6% revised from -3.7%) released earlier today indicated a rebound in economic growth in the fourth quarter of 2021. Currently, NZD/USD is testing the resistance zone of 0.68400 and the next support zone is at 0.67100. Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of0.68400.
Long
by JinDao_Tai
USD Overview (17 March 2022)Yesterday, USD weakened against most major currencies except JPY and CHF. The retail sales m/m data released yesterday indicated a slowdown in consumer spending in February. - Core Retail Sales m/m (Actual: 0.2%, Forecast: 0.9%, Previous: 3.3%) - Retail Sales m/m (Actual: 0.3%, Forecast: 0.4%, Previous: 3.8%) The FOMC hiked interest rate by 0.25% during their meeting earlier today. The central bank expects a rate hike to take place during the remaining six meetings for this year, potentially raising interest rate to 1.9% by the end of 2022. The dot plot indicated that eight members expect more than seven rate hikes this year while ten expect seven. Also, inflation expectation from the FOMC has also being revised upwards while GDP expectation were reduced. The housing data will be released later at 2030 (GMT+8). - Building Permits (Forecast: 1.84M, Previous: 1.90M) - Housing Starts (Forecast: 1.70M, Previous: 1.64M)
TVC:DXY
by JinDao_Tai
Bitcoin's Crossroad - FOMC March 2022I believe this is the only way to view what may happen in the near term future with BTC price speculation. I know twitter is full of perma-bulls saying that 32/33k will never be seen again, they could be correct, but regardless their bias shows because they are making their decision too early... Perma Bears said we were going to 18-14k even 11k last week on Russia Fears, and the War is turning out to be worse than expected, while the market as well as BTC has shown resiliency in the face of the worst potential conflict in the modern era... Super Power Conflict... even with Gold Spiking... BTC pumps??? (STRANGE) We will know soon what is going to happen, but anyone calling it today is at best, an over-eager trader. This point today, makes a great short opportunity... March 15th, we will see what happens... Buy the Rumor, Sell the News? - Goodluck! (Near Term Short, (1-3 Days out) - 35-37k retest possible... we are at major macro resistance here...
Short
by jb_skis
2
GBP/JPY Outlook (16 March 2022)Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke the resistance zone of 153.800. The UK employment data released yesterday indicated an overall stronger jobs market than in previous month. - Average Earnings Index 3m/y (Actual: 4.8%, Forecast: 4.6%, Previous: 4.3%) - Claimant Count Change (Actual: -48.1K, Forecast: 20.3K, Previous: -31.9K) - Unemployment Rate (Actual: 3.9%, Forecast: 4.0%, Previous: 4.1%) GBP/JPY’s next support zone is at 153.800 and the next resistance zone is at 156.000. Look for short-term buying opportunities of GBP/JPY.
Long
by JinDao_Tai
1
GBP/USD Outlook (16 March 2022)Overall, GBP/USD is trending downwards. The UK employment data released yesterday indicated an overall stronger jobs market than in previous month. - Average Earnings Index 3m/y (Actual: 4.8%, Forecast: 4.6%, Previous: 4.3%) - Claimant Count Change (Actual: -48.1K, Forecast: 20.3K, Previous: -31.9K) - Unemployment Rate (Actual: 3.9%, Forecast: 4.0%, Previous: 4.1%) Currently, GBP/USD is testing the support zone of 1.30400 and the next resistance zone is at 1.32200. Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.30400.
Short
by JinDao_Tai
1
EUR/JPY Outlook (16 March 2022)Overall, EUR/JPY is trending downwards. Recently, EUR/JPY traded into the resistance zone of 130.000. The eurozone ZEW Economic Sentiment data (Actual: -38.7, Forecast: 10.3, Previous: 48.6) released yesterday indicated a strong decline in the surveyed analysts’ view on the economic outlook for the eurozone. Currently, EUR/JPY is trading towards the resistance zone of 130.000 and the next support zone is at 128.800. Look for short-term selling opportunities of EUR/JPY if it rejects the resistance zone of 130.000.
Short
by JinDao_Tai
AUD/USD Outlook (16 March 2022)Overall, AUD/USD is trending upwards. The Australian employment data will be released tomorrow at 0830 (GMT+8). - Employment Change (Forecast: 36.0K, Previous: 12.9K) - Unemployment Rate (Forecast: 4.1%, Previous: 4.2%) Currently. AUD/USD is testing to break below the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.73000. Look for short-term selling opportunities of AUD/USD if it breaks below the key level of 0.72.
Short
by JinDao_Tai
USD Overview (16 March 2022)Yesterday, USD weakened against most major currencies except JPY and CHF. The PPI m/m data released yesterday indicated a slight slowdown in the prices of finished goods and services sold by producers in February. - PPI m/m (Actual: 0.8%, Forecast: 1.0%, Previous: 1.0%) - Core PPI m/m (Actual: 0.2%, Forecast: 0.6%, Previous: 0.8%) The retail sales m/m data will be released later at 2030 (GMT+8). - Core Retail Sales m/m (Forecast: 0.9%, Previous: 3.3%) - Retail Sales m/m (Forecast: 0.4%, Previous: 3.8%) The FOMC will be announcing their monetary policy decision tomorrow at 0200 (GMT+8). The central bank is expected to increase interest rate by 0.25%. However, due to the recent releases of strong U.S. employment and inflation data, it is possible that the FOMC may carry out a hawkish interest rate hike of 0.50%. As a result, this may lead to the strengthening of USD. A press conference will be held at 0230 (GMT+8). During this time, expect volatility in USD.
TVC:DXY
by JinDao_Tai
GBP/JPY Outlook (15 March 2022)Overall, GBP/JPY is trending downwards. Recently, GBP/JPY traded into the resistance zone of 153.800. The UK employment data will be released later at 1500 (GMT+8). - Average Earnings Index 3m/y (Forecast: 4.6%, Previous: 4.3%) - Claimant Count Change (Forecast: 20.3K, Previous: -31.9K) - Unemployment Rate (Forecast: 4.0%, Previous: 4.1%) Currently, GBP/JPY is testing the resistance zone of 153.800 and the next support zone is at 151.000. Look for short-term buying opportunities of GBP/JPY if it breaks the resistance zone of 153.800.
Long
by JinDao_Tai
1
GBP/USD Outlook (15 March 2022)Overall, GBP/USD is trending downwards. The UK employment data will be released later at 1500 (GMT+8). - Average Earnings Index 3m/y (Forecast: 4.6%, Previous: 4.3%) - Claimant Count Change (Forecast: 20.3K, Previous: -31.9K) - Unemployment Rate (Forecast: 4.0%, Previous: 4.1%) Currently, GBP/USD is testing the support zone of 1.30400 and the next resistance zone is at 1.32200. Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.30400.
Short
by JinDao_Tai
1