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EXCELLENT JOB ON CALLING GOLD!!!
You guys are doing great...

Tim Henthorn

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Update Time: 06 Apr 2020 00:20GMT

DAILY EUR/GBP CROSS OUTLOOK - +0.8842+
Despite euro's resumption of decline fm Mar's 3-
1/2 year peak at 0.9500 to a 3-week trough at 0.87
40 last Thur, rally to 0.8836 in post-NFP NY Fri
suggests temp. low is made n range trading with up-
side bias is seen for gain to 0.8867/68.

Trade fm long side for 0.8858 1st n only below
0.8771/73 risks weakness twd 0.8740.
Rate: +0.8842+
Strategy: +Exit long+
Position: Long at 0.8798
Objective:
Stop-Loss:
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MARKET REVIEW ON 06 Apr 2020 02:50 GMT

Dollar gains broadly after horrendous U.S. jobs data triggers safe-haven buying

The greenback extended its recent gains and ended higher across the board on Friday despite poor U.S. non-farm payrolls data on continued concerns over the global economy due to coronaivurs pandemic as confirmed cases rose over 1 million and deaths over 50,000. 
 
Reuters reported the U.S. economy shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus pandemic shuttered businesses and factories, all but confirming a recession is underway.  
 
The Labor Depart ...
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MARKET MOVING NEWS

   		All times in GMT    
5 Apr 2020 23:50 USD/JPY - 108.60.. Reuters then reported Japanese Prime Minister Shinzo Abe will declare a state of emergency over the coronavirus as early as Tuesday, the Yomiuri newspaper reported, as the number of infections topped 1,000 in the capital, Tokyo. 
 
Abe will likely announce his plans to declare the e.....
5 Apr 2020 23:02 GBP/USD - 1.2235... Reuters reported British consumer confidence dropped at its sharpest rate on record during the second half of last month to hit its lowest level since 2009, according to the country's longest-running survey of household sentiment. 
 
Market research company GfK conducted an extra v.....
5 Apr 2020 23:00 GBP/USD - 1.2238... Reuters reported Britain's constitution offers no clear answer to the question now on many Britons' minds: what happens if Prime Minister Boris Johnson, undergoing tests in hospital after persistent symptoms of coronavirus, cannot continue to lead. 
 
Johnson was admitted to hospi.....
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ECONOMIC INDICATORS FOR 06/04/2020

 All times in GMT    
Time Country Indicator Actual Forecast Range Previous Revised
2301 U.K. Gfk Consumer Confidence - Mar 0 N/A N/A 0
0030 Australia ANZ Job Advertisements - Mar -2.1% -2.9% N/A 0.7%%
China Market Holiday
0600 Germany Industrial Orders YY - Feb N/A N/A -1.4%
0600 Germany Industrial Orders MM - Feb -2.0% -6.7/0.3 5.5%
0830 U.K. Markit Construction PMI - Mar N/A N/A 52.6
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DAILY MARKET OUTLOOK
Update Time: 05 Apr 2020 23:45 GMT

EUR/USD - 1.0811
Euro's decline for 5 consecutive days last week to 1.0774 in post-NFP New York on Fri suggests early corrective rally from Mar's near 3-year bottom at 1.0637, although strong, has ended at 1.1147 and downside bias remains for further weakness after consolidation, however, near term loss of momentum would keep price abv 1.0721 today and bring rebound.  
  
On the upside, only above 1.0904 signals temporary low is made and may risk stronger retracement to 1.0927/31 before prospect of another fall later this week.  
  
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WHY AceTrader?
20 years of history in providing forex market analysis and trading recommendations to institutional traders
True 24 hours real-time analysis for up-to-the-minute recommendations and analysis
Forecasting methodology used by professionals
Verifiable performance track record in our recommendations
Specially designed packages for forex traders of different styles and requirements
 
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WEEKLY USD/JPY TECHNICAL OUTLOOK

 All times in GMT    
Last Update At 05/04/2020 23:37 GMT
Trend Daily Chart Daily Indicators 21 HR EMA 55 HR EMA
Sideways Neutral 108.34 108.07
Trend Hourly Chart Hourly Indicators 13 HR RSI 14 HR DMI
Sideways Rising 65 +ve
Daily Analysis
Choppy consolidation to continue
Resistance Support
109.32 - 50% r of 111.71-106.93
109.06 - Mar 27 European high
108.72 - Last week's high (Tue)		 108.19 - Last Fri's NY low
107.56 - Last Thur's Asian high (now sup)
106.93 - Last Wed's 2-week low
. USD/JPY - 108.62... Although dlr remained on the back foot initially last week n fell to 107.13 on Mon b4 rebounding to 108.72 the next day, price then tum bled to a 2-week low of 106.93 Wed b4 rising to 108.67 in post-NFP NY on Fri. . Looking at the bigger picture, dlr's 'erratic' fall fm 118.66 (Dec 2016) to 2019 low at 104.46 (Sep) confirms the early uptrend fm 2016 29-month bott.....
Click on the chart to enlarge image

charts offered by ProRealTime.com
 
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WHO WE ARE

AceTrader provides "up-to-the-minute" financial market commentaries and foreign exchange trading recommendations round the clock.

AceTrader is the internet operation of Trendsetter, a global specialist data provider who has been providing its users with real time commentaries and trading recommendations focusing on the foreign exchange market for over 20 years. A dedicated team 7 Analysts monitor the market and update recommendations and commentaries 20 hours a day.

Our coverage includes 20 different instruments with a primary focus on the foreign exchange market and Gold & Silver.

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