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Macro

EUR/JPY Outlook (07 January 2022)Overall, EUR/JPY is trending upwards. Recently, EUR/JPY rejected the resistance zone of 131.500. The eurozone CPI flash estimate y/y data will be released later at 1800 (GMT+8). CPI Flash Estimate y/y (Forecast: 4.8%, Previous: 4.9%) Core CPI Flash Estimate y/y (Forecast: 2.5%, Previous: 2.6%) Currently, EUR/JPY is testing to break below 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 selling opportunities of EUR/JPY if it breaks below the key level of 131.
Short
by JinDao_Tai
EUR/USD Outlook (07 January 2022)Overall, EUR/USD is ranging across. The eurozone CPI flash estimate y/y data will be released later at 1800 (GMT+8). CPI Flash Estimate y/y (Forecast: 4.8%, Previous: 4.9%) Core CPI Flash Estimate y/y (Forecast: 2.5%, Previous: 2.6%) Currently, EUR/USD is testing to break below the key level of 1.13. Its next support zone is at 1.12000 and its next resistance zone is at 1.13800. Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.13.
Short
by JinDao_Tai
USD/CAD Outlook (07 January 2022)Overall, USD/CAD is ranging across. Recently, USD/CAD bounced down from the key level of 1.28. The Canadian employment data will be released later at 2130 (GMT+8). Employment Change (Forecast: 24.5K, Previous: 153.7K) Unemployment Rate (Forecast: 6.0%, Previous: 6.0%) Also, the Canadian Ivey PMI data (Forecast: 64.3, Previous: 61.2) will be released later at 2300 (GMT+8). USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29000. Look for short-term buying opportunities of USD/CAD.
Long
by JinDao_Tai
USD Overview (07 January 2022)Yesterday, USD strengthened against most major currencies except CAD and JPY. The U.S. Non-Farm Payroll data will be released later at 2130 (GMT+8). Average Hourly Earnings m/m (Forecast: 0.4%, Previous: 0.3%) Non-Farm Employment Change (Forecast: 426K, Previous: 210K) Unemployment Rate (Forecast: 4.1%, Previous: 4.2%) The U.S. ISM Services PMI data (Actual: 62.0, Forecast: 67.0, Previous: 69.1) released yesterday indicated a slowdown in the rate of expansion of the services sector in December.
TVC:DXY
by JinDao_Tai
USD Overview (06 January 2022)Yesterday, USD strengthened against most major currencies except GBP, EUR and JPY. The U.S. ADP Non-Farm Employment Change data (Actual: 807K, Forecast: 405K, Previous: 505K revised from 534K) released yesterday indicated a strong rise in employment in December. In the released meeting minutes, the FOMC highlighted that it is planning to start selling off its bonds once interest rate hike begins. The U.S. ISM Services PMI data (Forecast: 67.0, Previous: 69.1) will be released later at 2300 (GMT+8).
TVC:DXY
by JinDao_Tai
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