DAILY MARKET OUTLOOK on Major 
Update Time: 16 Apr 2019 09:30 GMT

USD/JPY - 111.92
Although dollar's retreat after yesterday's 1-tick break of Friday's high at 112.09 suggests consolidation is in store before a re-test of March's 10-week peak at 112.14 is forthcoming and a break there would extend upmove from January's 9-month trough at 104.79 towards 112.35 later, loss of momentum would prevent sharp move beyond there and risk would increase for a much-needed correction.

On the downside, only below 111.28 would indicate a temporary top has been made and risk stronger retracement to 110.83 later this week.

U.S. will release a slew of eco. data starting with Redbook sales, industrial production, capacity utilization, mfg output, whilesales inventories, NAHB Housing Market index and Fed's beige book.
We also have Dallas Fed President Kaplan (non-voter) who's participating in a moderated question-and-answer session before a community forum hosted by the Federal Reserve Bank of Dallas.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD extends gains to fresh seven-week highs

The American dollar is under selling pressure amid a better market mood. EUR/USD above 1.1140 ahead of several Fed’s speakers that can rock markets.

EUR/USD News

GBP/USD trades around 1.29 amid speculation of Brexit vote

GBP/USD is trading around 1.29 as speculation mounts about the fate of the Brexit deal. UK PM Johnson faces a test in parliament after securing an accord with the EU.

GBP/USD News

USD/JPY: struggles near mid-108.00s pivotal point amid weaker USD

US Dollar Index slumped to multi-month lows below 97.50. 10-year US Treasury bond yield adds more than 1% on Friday. Wall Street's main indexes look to start the day little changed.

USD/JPY News

China’s downward economic path offers no escape from its trade problems

There were no surprises in China’s GDP figures as the government portrays an economy slipping steadily lower giving little promise of improvement or support for the waning global expansion.

Read more

Gold turns flat above $1,490 as USD remains under pressure

After dropping to a daily low of $1,485, the XAU/USD pair staged a modest rebound during the American trading hours and turned flat on the day near $1,492.

Gold News

Forex Majors

Cryptocurrencies

Signatures