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Macro

GBP/JPY Outlook (19 January 2022)Overall, GBP/JPY is trending upwards. The UK employment data released yesterday indicated lower number of people claiming for unemployment benefits while unemployment inched lower in December. Average Earnings Index 3m/y (Actual: 4.2%, Forecast: 4.2%, Previous: 4.9%) Claimant Count Change (Actual: -43.3K, Forecast: -38.6K, Previous: -49.8K) Unemployment Rate (Actual: 4.1%, Forecast: 4.2%, Previous: 4.2%) The UK CPI y/y data (Forecast: 5.2%, Previous: 5.1%) will be released later at 1500 (GMT+8). Bank of England Governor Bailey will be testifying before the Treasury Select Committee on the Financial Stability Report later at 2215 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/JPY is testing the support zone of 156.000 and the next resistance zone is at 158.000. Look for short-term selling opportunities of GBP/JPY if it breaks the support zone of 156.000.
Short
by JinDao_Tai
1
GBP/USD Outlook (19 January 2022)Overall, GBP/USD is trending upwards. Recently, GBP/USD traded into the support zone of 1.36000. The UK employment data released yesterday indicated lower number of people claiming for unemployment benefits while unemployment inched lower in December. Average Earnings Index 3m/y (Actual: 4.2%, Forecast: 4.2%, Previous: 4.9%) Claimant Count Change (Actual: -43.3K, Forecast: -38.6K, Previous: -49.8K) Unemployment Rate (Actual: 4.1%, Forecast: 4.2%, Previous: 4.2%) The UK CPI y/y data (Forecast: 5.2%, Previous: 5.1%) will be released later at 1500 (GMT+8). Bank of England Governor Bailey will be testifying before the Treasury Select Committee on the Financial Stability Report later at 2215 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/USD is testing the support zone of 1.36000 and the next resistance zone is at 1.38000. Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.36000.
Short
by JinDao_Tai
EUR/JPY Outlook (19 January 2022)Overall, EUR/JPY is trending upwards. Recently, EUR/JPY traded into the support zone of 130.000. The eurozone ZEW Economic Sentiment data (Actual: 49.4, Forecast: 29.2, Previous: 26.8) released yesterday indicated an increase in the level of optimism from the surveyed institutional investors and analysts on the eurozone economic outlook. Currently, EUR/JPY is testing the support zone of 130.000 and the next resistance zone is at 131.500. Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 130.000.
Short
by JinDao_Tai
AUD/USD Outlook (19 January 2022)Overall, AUD/USD is ranging across. Recently, AUD/USD broke below the key level of 0.72. The Australian Westpac Consumer Sentiment data (Actual: -2.0%, Forecast: NA, Previous: -1.0%) released earlier today indicated a further decline in the surveyed consumers’ sentiment on the Australian economic conditions. The Australian employment data will be released tomorrow at 0830 (GMT+8). Employment Change (Forecast: 60.0K, Previous: 366.1K) Unemployment Rate (Forecast: 4.5%, Previous: 4.6%) Currently, AUD/USD is trading up towards 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 bounces down from the key level of 0.72.
Short
by JinDao_Tai
USD/CAD Outlook (19 January 2022)Overall, USD/CAD is trending downwards. The Canadian Housing Starts data (Actual: 236K, Forecast: 279K, Previous: 304K revised from 301K) released yesterday indicated a slowdown in the number of new residential buildings that began construction last December. The Canadian CPI y/y data (Forecast: -0.1%, Previous: 0.2%) will be released later at 2130 (GMT+8). Currently, USD/CAD is testing to break below the key level of 1.25. Its next support zone is at 1.24500 and its next resistance zone is at 1.26100. Look for short-term buying opportunities of USD/CAD if it bounces up from the key level of 1.25.
Long
by JinDao_Tai
GBP/JPY Outlook (18 January 2022)Overall, GBP/JPY is trending upwards. The UK employment data will be released later at 1500 (GMT+8). Average Earnings Index 3m/y (Forecast: 4.2%, Previous: 4.9%) Claimant Count Change (Forecast: -38.6%, Previous: -49.8%) Unemployment Rate (Forecast: 4.2%, Previous: 4.2%) Currently, GBP/JPY is testing the support zone of 156.000 and the next resistance zone is at 158.000. Look for short-term buying opportunities of GBP/JPY if it bounces off the support zone of 156.000.
Long
by JinDao_Tai
USD/JPY Outlook (18 January 2022)Overall, USD/JPY is ranging across. Recently, USD/JPY broke the resistance zone of 114.200. The Bank of Japan (BoJ) will be announcing their monetary policy decision later at an undisclosed timing. The central bank is expected to hold monetary policy unchanged. Focus on the quarterly outlook report to see if the BoJ carries out any revision to its inflation projection. Any upwards revision may lead to a strengthening of JPY. Also, a press conference will be held shortly after the announcement. During this time, there may be volatility in JPY. USD/JPY’s next support zone is at 114.200 and the next resistance zone is at 116.000. If the BoJ rises their projection for inflation in Japan, look for short-term selling opportunities of USD/JPY if it breaks the support zone of 114.200.
Short
by JinDao_Tai
Bitcoin getting ready to make macro trend decisionIt looks as if we've reached the same scenerio as we did last July, where bear market is looming and reversal seems improbable according to the moving average. Looking back at the last cycle, we can see there was less consolidation with a deeper bounce and faster moving bounce. If consolidation continues and the wedge is broken to the upside, likely we will be in a period of extended consolidation as the moving average could negate breaking downtrend high's. So buckle up and relax. We could be in for a wild, or extremely slow ride. Feel free to let me know your trend prediction in a reply below. :)
INDEX:BTCUSD
by scalpedpotato
GBP/JPY Outlook (17 January 2022)Overall, GBP/JPY is trending upwards. Recently, GBP/JPY traded into the support zone of 156.000. The UK GDP m/m data (Actual: 0.9%, Forecast: 0.4%, Previous: 0.2% revised from 0.1%) released last Friday indicated that the UK economy expanded at a faster pace during November. Currently, GBP/JPY is testing the support zone of 156.000 and the next resistance zone is at 158.000. Look for short-term buying opportunities of GBP/JPY if it bounces off the support zone of 156.000.
Long
by JinDao_Tai