fxsoriginal   DAILY MARKET OUTLOOK on Major

Update Time: 14 Feb 2020 09:30GMT

USD/JPY - 109.77
Dollar's retreat from Wednesday's 3-week high at 110.13 to 109.63 yesterday suggests choppy trading below January's 7-1/2 month top at 110.28 would continue, however, subsequent rebound signals pullback has possibly ended, above 110.13 would confirm and yield 110.28 again, break would extend gain to 110.60/67 before prospect of correction.

On the downside, only below 109.57/47 would risk stronger retracement to 109.26/31.


Data to be released later:

Germany GDP, wholesale price index, Swiss producer/import price, Italy trade balance, EU employment change, trade balance, GDP.
U.S. import prices, retail sales ex-autos, retail sales, industrial production, capacity utilization, manufacturing output, business inventories, University of Michigan sentiment.

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Editors’ Picks

EUR/USD trying to set an interim bottom

EUR/USD has been consolidating around 1.0800 for a second consecutive day, ignoring risk-off and broad dollar’s demand. The case for a corrective advance becomes stronger.


USD/JPY stabilizes around 112.00 fresh 2020 highs

The USD/JPY pair has finally stalled at 112.22 but holds on to most of its latest gains. Buyers defending the downside in the 111.60/70 price zone.


AUD/USD at an over one-decade low near 0.6600

An uptick in the Australian unemployment rate, moving further away from RBA’s desired 4.5% level took its toll on the Aussie, also pressured by ruling risk-off.


Gold jumps to the highest level since February 2013, around $1620 area

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