USD/JPY Outlook (14 December 2021)Overall, USD/JPY is ranging across.
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.
Macro
NZD/USD Outlook (14 December 2021)Overall, NZD/USD is trending downwards. Recently, NZD/USD rejected the resistance zone of 0.67900.
The Reserve Bank of New Zealand Governor Orr will be testifying tomorrow at 0300 (GMT+8).
During this time, there may be volatility in NZD.
NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67900.
Look for short-term selling opportunities of NZD/USD.
USD Overview (14 December 2021)Yesterday, USD strengthened against all major currencies.
The PPI m/m data will be released later at 2130 (GMT+8).
PPI m/m (Forecast: 0.5%, Previous: 0.6%)
Core PPI m/m (Forecast: 0.4%, Previous: 0.4%)
Bitcoin and DXYAs you can see from the chart, and I would like to hear people's opinions, there seems to be a correlation between cheap dollars and Bitcoin tops. It should be clearly obvious this is a pattern but is it? Was it clear that we were approaching a top on Bitcoin due to the dollar recently double bottoming and rallying? Shouldn't that be proof that money is leaving risk assets? I'd like to hear your thoughts, and if we're still in a bull run?
EUR/JPY Outlook (13 December 2021)Overall, EUR/JPY is trending downwards.
Currently, EUR/JPY is testing the support zone of 128.500 and its next resistance zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY if it bounces off the support zone of 128.500.
GBP/JPY Outlook (13 December 2021)Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke above the key level of 150.
The UK GDP m/m data (Actual: 0.1%, Forecast: 0.4%, Previous: 0.6%) released last Friday indicated a slowdown in economic growth in October.
GBP/JPY’s next support zone is at 148.900 and the next resistance zone is at 151.000.
Look for short-term buying opportunities of GBP/JPY.
USD/CAD Outlook (13 December 2021)Overall, USD/CAD is trending upwards. Recently, USD/CAD broke above the key level of 1.27.
Currently, USD/CAD is trading down towards the key level of 1.27. Its next support zone is at 1.26100 and the next resistance zone is at 1.29000.
Look for short-term buying opportunities of USD/CAD if it bounces up from the key level of 1.27.
GBP/USD Outlook (13 December 2021)Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.32200.
The UK GDP m/m data (Actual: 0.1%, Forecast: 0.4%, Previous: 0.6%) released last Friday indicated a slowdown in economic growth in October.
GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800.
Look for short-term buying opportunities of GBP/USD.
EUR/USD Outlook (13 December 2021)Overall, EUR/USD is trending downwards. Recently, EUR/USD broke above the key level of 1.13.
EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900.
Look for short-term buying opportunities of EUR/USD.
USD/JPY Outlook (13 December 2021)Overall, USD/JPY is ranging across.
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.
AUD/USD Outlook (13 December 2021)Overall, AUD/USD is trending downwards.
The Australian NAB Business Confidence data (Forecast: NA, Previous: 21) will be released tomorrow at 0830 (GMT+8).
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD.
NZD/USD Outlook (13 December 2021)Overall, NZD/USD is trending downwards.
Currently, NZD/USD is testing the resistance zone of 0.67900 and its support zone is at 0.65400.
Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.67900.
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.
EUR/JPY Outlook (10 December 2021)Overall, EUR/JPY is trending downwards.
European Central Bank President Lagarde will be speaking later at 1705 (GMT+8). During this time, there may be volatility in EUR.
Currently, EUR/JPY is testing the support zone of 128.500 and its next resistance zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY if it bounces off the support zone of 128.500.
GBP/JPY Outlook (10 December 2021)Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke below the key level of 150.
The UK GDP m/m data (Forecast: 0.4%, Previous: 0.6%) will be released later at 1500 (GMT+8).
Currently, GBP/JPY is testing to break above 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 bounces down from the key level of 150.
USD/CAD Outlook (10 December 2021)Overall, USD/CAD is trending upwards.
Currently, USD/CAD is testing to break above the key level of 1.27. Its next support zone is at 1.26100 and the next resistance zone is at 1.29000.
Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.27.
