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Macro

EUR/JPY Outlook (22 December 2021)Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the resistance zone of 128.500. 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/JPY’s next support zone is at 128.500 and its next resistance zone is at 130.000. Look for short-term buying opportunities of EUR/JPY.
Long
by JinDao_Tai
USD/CAD Outlook (22 December 2021)Overall, USD/CAD is trending upwards. The Canadian retail sales data released yesterday indicated continued increase in consumer spending at a faster rate in October than in September. Core Retail Sales m/m (Actual: 1.3%, Forecast: 1.6%, Previous: 0.2% revised from -0.2%) Retail Sales m/m (Actual: 1.6%, Forecast: 1.0%, Previous: -0.3% revised from -0.6%) Currently, USD/CAD is testing the support zone of 1.29000 and its next resistance zone is at 1.31500. Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.29000.
Long
by JinDao_Tai
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