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Macro

AUD/USD Outlook (14 December 2021)Overall, AUD/USD is trending downwards. The Australian NAB Business Confidence data (Actual: 12, Forecast: NA, Previous: 20 revised from 21) released earlier today indicated a decline in the level of optimism from the surveyed businesses on the business conditions in Australia. The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: 0.6%) will be released tomorrow at 0730 (GMT+8). Currently, AUD/USD is moving towards 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 (14 December 2021)Overall, GBP/JPY is trending downwards. The UK employment data will be released later at 1500 (GMT+8). Average Earnings Index 3m/y (Forecast: 4.6%, Previous: 5.8%) Claimant Count Change (Forecast: -31.5K, Previous: 14.9K) Unemployment Rate (Forecast: 4.2%, Previous: 4.3%) Currently, GBP/JPY is testing to break below 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
GBP/USD Outlook (14 December 2021)Overall, GBP/USD is trending downwards. Recently, GBP/USD traded into the support zone of 1.32200. The UK employment data will be released later at 1500 (GMT+8). Average Earnings Index 3m/y (Forecast: 4.6%, Previous: 5.8%) Claimant Count Change (Forecast: -31.5K, Previous: 14.9K) Unemployment Rate (Forecast: 4.2%, Previous: 4.3%) 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
USD Overview (13 December 2021)Last Friday, USD weakened against most major currencies except CAD. The CPI m/m data released last Friday indicated inflation continued to rise at a fast pace with energy prices being the main drive. Annual headline inflation has also risen to a close to 40-year high level. CPI m/m (Actual: 0.8%, Forecast: 0.7%, Previous: 0.9%) CPI m/m (Actual: 0.5%, Forecast: 0.5%, Previous: 0.6%) Also, the Preliminary UoM Consumer Sentiment data (Actual: 70.4, Forecast: 67.9, Previous: 67.4 revised from 66.8) released indicated that the surveyed consumers are more optimistic in the relative level of current and future economic conditions.
TVC:DXY
by JinDao_Tai