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Macro

USD Overview (14 January 2022)Yesterday, USD weakened against most major currencies except AUD and CAD. The retail sales m/m data will be released later at 2130 (GMT+8). Core Retail Sale m/m (Forecast: 0.2%, Previous: 0.3%) Retail Sale m/m (Forecast: 0.0%, Previous: 0.3%) Also, the Preliminary UoM Consumer Sentiment data (Forecast: 70.0, Previous: 70.6 revised from 70.4) will be released later at 2300 (GMT+8). FOMC member Williams will be speaking tomorrow at 0000 (GMT+8). During this period, there may be volatility in USD.
TVC:DXY
by JinDao_Tai
GBP/USD Outlook (13 January 2022)Overall, GBP/USD is trending upwards. Recently, GBP/USD broke the resistance zone of 1.36000 after the release of the strong U.S. inflation data, leading to the weakening of USD. Bank of England committee member Mann will be speaking later at 1645 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/USD is testing to break above the key level of 1.37. Its next support zone is at 1.36000 and the next resistance zone is at 1.38000. Look for buying opportunities of GBP/USD if it breaks above the key level of 1.37.
Long
by JinDao_Tai
NZD/USD Outlook (13 January 2022)Overall, NZD/USD is ranging across. Recently, NZD/USD broke above the key level of 0.68 and traded into the resistance zone of 0.68400 after the release of the strong U.S. inflation data, leading to the weakening of USD. The New Zealand Building Consents data (Actual: 0.6%, Forecast: NA, Previous: -2.1% revised from -2.0%) released earlier today indicated an increase in the number of issued building permits in last November. Current, NZD/USD is testing the resistance zone of 0.68400 and the next support zone is at 0.67100. Look for buying opportunities of NZD/USD if it breaks the resistance zone of 0.68400.
Long
by JinDao_Tai
USD Overview (13 January 2022)Yesterday, USD weakened against all major currencies. The CPI m/m data released yesterday indicated that prices in the U.S. continue to rise in December, moving closer towards the 40-year high level. CPI m/m (Actual: 0.5%, Forecast: 0.4%, Previous: 0.8%) Core CPI m/m (Actual: 0.6%, Forecast: 0.5%, Previous: 0.5%) The PPI m/m data will be released later at 2130 (GMT+8). PPI m/m (Forecast: 0.4%, Previous: 0.8%) Core PPI m/m (Forecast: 0.5%, Previous: 0.7%) FOMC member Brainard will be testifying on her nomination of Vice Chair before the Senate banking committee later at 2300 (GMT+8). During this time, there may be volatility in USD.
TVC:DXY
by JinDao_Tai
GBP/JPY Outlook (12 January 2022)Overall, GBP/JPY is trending upwards. Recently, GBP/JPY bounced off the support zone of 156.000. Bank of England committee member Cunliffe will be speaking later at 2215 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/JPY is testing to break above the key level of 157. Its next support zone is at 156.000 and the next resistance zone is at 158.000. Look for short-term buying opportunities of GBP/JPY if breaks above the key level of 157.
Long
by JinDao_Tai
AUD/USD Outlook (12 January 2022)Overall, AUD/USD is ranging across. Recently, AUD/USD broke above the key level of 0.72. The Australian Retail Sales data (Actual: 7.3%, Forecast: 3.5%, Previous: 4.9%) released yesterday indicated a strong rise in consumer spending last November due to the easing of COVID restrictions and pre-Christmas shopping. AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000. Look for short-term buying opportunities of AUD/USD.
Long
by JinDao_Tai