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Macro

EUR/USD Outlook (22 December 2021)Overall, EUR/USD is ranging across. Recently, EUR/USD bounced down from the key level of 1.13. The eurozone Consumer Confidence data (Actual: -8, Forecast: -8, Previous: -7) released yesterday indicated a slight increase in the level of pessimism from the surveyed consumers on the future economic conditions of the eurozone countries. EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for short-term selling opportunities of EUR/USD.
Short
by JinDao_Tai
AUD/USD Outlook (21 December 2021)Overall, AUD/USD is ranging across. In the released monetary policy meeting minutes earlier today, the Reserve Bank of Australia highlighted that it will continue to maintain a highly supportive monetary conditions. Also, the central bank will not be hiking interest rate until inflation is within its 2-3% target range. Currently, AUD/USD is testing the support zone of 0.71000 and the next resistance zone is at 0.73000. Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.71000.
Short
by JinDao_Tai
GBP/JPY Outlook (20 December 2021)Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke the support zone of 151.000 The UK Retail Sales data (Actual: 1.4%, Forecast: 0.8%, Previous: 1.1% revised from 0.8%) released last Friday indicated that consumer spending rose more than expected in November. Currently, GBP/JPY is trading down towards the key level of 150. Its next support zone is at 148.900 and the next resistance zone is at 151.000. Look for short-term selling opportunities of GBP/JPY if it breaks below the key level of 150.
Short
by JinDao_Tai
USD/JPY Outlook (20 December 2021)Overall, USD/JPY is ranging across. The Bank of Japan (BoJ) kept interest rate unchanged at -0.10% during their monetary policy meeting last Friday. The central bank decided to extend its Special Funds-Supplying Operations to Facilitate Financing in Response to the Novel Coronavirus by 6 months until end of September 2022. The BoJ also tapered its coupon payments and corporate bonds purchases. Starting from April 2022, the central bank will be purchasing an amount of coupon payments and corporate bonds at an amount similar to the pre-pandemic period. USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 115.300. Look for short-term buying opportunities of USD/JPY.
Long
by JinDao_Tai
GBP/USD Outlook (20 December 2021)Overall, GBP/USD is trending downwards. Recently, GBP/USD broke below the key level of 1.33. The UK Retail Sales data (Actual: 1.4%, Forecast: 0.8%, Previous: 1.1% revised from 0.8%) released last Friday indicated that consumer spending rose more than expected in November. Currently, GBP/USD is testing the support zone of 1.32200 and its next resistance zone is at 1.33800. Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.32200.
Short
by JinDao_Tai
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