Tuesday, June 30, 2015

Action Insight Daily Report 7-1-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: Euro Mixed on Greece, Yen Firm after Positive Tankan

Euro remains mixed as markets are closely watching the development in Greece. IMF spokesman Gerry Rice confirmed that Greece missed the EUR 1.5b payment after the deadline and that's the largest missed payment in the fund's history. And, Greece would now only receive further funding from IMF after the arrears are cleared. Meanwhile, Greece has asked for an extension earlier yesterday and IMF will consider "in due course". German Chancellor Angela Merkel rejected further talk with Greece before the July 5 referendum called by Greek prime minister Alexis Tsipras. Merkel said rather bluntly that "We'll negotiate about absolutely nothing before the planned referendum is held."

Full Report Here...


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Featured Technical Report

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2405; (P) 1.2452; (R1) 1.2542; More...

The rise from 1.2127 resumed by taking out 1.2422 and reaches as high as 1.2499 so far. Intraday bias is back on the upside for testing 1.2562 resistance. Rise from 1.1919 is likely resuming and break of 1.2562 will target a test on 1.2834 key resistance next. Meanwhile, below 1.2302 minor support will turn bias back to the downside for 1.2127 support instead.

Read more...

Economic Indicators Update

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GMT Ccy Events Actual Consensus Previous Revised
23:50 JPY Tankan Large Manufacturers Index Q2 15 12 12
23:50 JPY Tankan Non-Manufacturing Index Q2 23 22 19
1:00 CNY Manufacturing PMI Jun 50.2 50.4 50.2
1:00 CNY Non-manufacturing PMI Jun 53.8 53.2
1:30 AUD Building Approvals M/M May 2.40% 1.30% -4.40% -5.20%
1:35 JPY Manufacturing PMI Jun F 50.1 49.9 49.9
1:45 CNY HSBC Manufacturing PMI Jun F 49.4 49.6 49.6
7:30 CHF SVME-PMI Jun 50.2 49.4
7:45 EUR Italy Manufacturing PMI Jun 55.2 54.8
7:50 EUR France Manufacturing PMI Jun F 50.5 50.5
7:55 EUR Germany Manufacturing PMI Jun F 51.9 51.9
8:00 EUR Eurozone Manufacturing PMI Jun F 52.5 52.5
8:30 GBP PMI Manufacturing Jun 52.4 52
11:30 USD Challenger Job Cuts Y/Y Jun -22.50%
12:15 USD ADP Employment Change Jun 211K 201K
14:00 USD Construction Spending M/M May 0.50% 2.20%
14:00 USD ISM Manufacturing Jun 53 52.8
14:00 USD ISM Prices Paid Jun 51.3 49.5
14:30 USD Crude Oil Inventories -4.9M
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency found support at 1.1134 and has rebounded, however, offers are still noted at 1.1250 and 1.1275-80 (stops above), more selling interest is tipped at 1.1300-10, and 1.1340-50. On the downside, bids are seen at 1.1130-35, 1.1100-15 (stops below) and 1.1075-80, more buy orders are expected at 1.1050-55, 1.1030 and 1.1000, buying interest should emerge around 1.0980 and 1.0960, fresh demand is located around 1.0930 and 1.0900.

Read more...

Forex Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210

Although the single currency staged a strong rebound after falling to 0.6988 yesterday and consolidation above this level would be seen, reckon upside would be limited to 0.7165-75 and renewed selling interest should emerge around resistance at 0.7211, bring another decline later. Below 0.7045-50 would bring retest of said support at 0.6988 but break there is needed to signal recent decline has resumed in wave v for weakness to 0.6950-60 then towards 0.6920.

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Trade Idea: USD/CAD - Buy at 1.2380

The greenback has risen again after brief pullback and bullishness remains for the rebound from 1.2128 (this month's low and tentatively wave ii trough) to extend gain to 1.2500, however, only break there would add credence to our view that wave ii from 1.2563 has ended at 1.2128 and bring further rise to 1.2520-25. A break of resistance at 1.2563 would confirm upmove from 1.1920 (wave c and probably entire wave iv) has resumed for gain to 1.2600 and later 1.2630-40.

Read more...

Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500

Suggested Readings

Fundamental Highlights

Technical Highlights

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Action Insigh Mid-Day Report 6-30-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Greece to Miss IMF Repayment, Markets Steady

Markets are relatively much steady today awaiting further news from Greece regarding the bailout referendum on July 5. Euro is mildly softer against other major currencies but is staying well above Monday's low. European stays in tight right, fluctuating between gains and losses. Meanwhile, US futures point to a strong rebound after S&P 500 suffered the worst one day decline this year yesterday. Greek finance minister Yanis Varoufakis said that the government won't make a EUR 1.54b payment to IMF due today, but they're hoping for a last minute deal with the international creditors. German Chancellor Angela Merkel also said that the door is open for further talks.

Full Report Here...


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nzdusdpiv.png

Featured Technical Report

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1034; (P) 1.1156 (R1) 1.1357; More....

Intraday bias in EUR/USD remains neutral for the moment. At this point, we're favoring the case that corrective rebound from 1.0461 has completed at 1.1466 already. Another fall is expected and below 1.0954 will target 1.0818 support for confirmation. Break of 1.1436 will extend such rebound but in that case, strong resistance should be seen from 38.2% retracement of 1.3993 to 1.0461 at 1.1810 to bring reversal.

Read more...

Economic Indicators Update

Get ready for a return to stock-picking: Quality growth investments to fit your own unique risk tolerance! At The MoneyShow Las Vegas, May 12-14, 2015, you can find potent growth investments in a fragile bull market. Hear from the industry's top experts such as Steve Forbes, Mark Mills, James Stack, and many more! Register for free now!

GMT Ccy Events Actual Consensus Previous Revised
22:45 NZD Building Permits M/M May 0.00% -1.70% -0.90%
23:05 GBP GfK Consumer Sentiment Jun 7 2 1
01:00 NZD NBNZ Business Confidence Jun -2.3 15.7
01:30 JPY Labor Cash Earnings Y/Y May 0.60% 0.70% 0.90% 0.70%
05:00 JPY Housing Starts Y/Y May 5.80% 5.80% 0.40%
07:00 CHF KOF Leading Indicator Jun 89.7 94 93.1 92.7
07:55 EUR German Unemployment Change Jun -1K -7K -6K -5K
07:55 EUR German Unemployment Rate Jun 6.40% 6.40% 6.40%
08:00 EUR Italian Unemployment Rate May P 12.40% 12.50% 12.40%
08:30 GBP Current Account (GBP) (1Q) -26.5B -23.7B -25.3B -28.9B
08:30 GBP GDP Q/Q Q1 F 0.40% 0.40% 0.30%
08:30 GBP Index of Services 3M/3M Apr 0.50% 0.50% 0.40%
09:00 EUR Eurozone Unemployment Rate May 11.10% 11.10% 11.10%
09:00 EUR Eurozone CPI Estimate Y/Y Jun 0.10% 0.20% 0.30% 0.10%
09:00 EUR Eurozone CPI - Core Y/Y Jun A 0.80% 0.80% 0.90%
12:30 CAD GDP M/M Apr -0.10% 0.10% -0.20%
13:00 USD S&P/Case-Shiller Composite-20 Y/Y Apr 5.00% 5.04%
13:45 USD Chicago PMI Jun 50.3 46.2
14:00 USD Consumer Confidence Jun 96.7 95.4
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency found support at 1.1134 and has rebounded, however, offers are still noted at 1.1250 and 1.1275-80 (stops above), more selling interest is tipped at 1.1300-10, and 1.1340-50. On the downside, bids are seen at 1.1130-35, 1.1100-15 (stops below) and 1.1075-80, more buy orders are expected at 1.1050-55, 1.1030 and 1.1000, buying interest should emerge around 1.0980 and 1.0960, fresh demand is located around 1.0930 and 1.0900.

Read more...

Forex Trade Ideas

Trade Idea Update: USD/CHF - Sell at 0.9390

Although the greenback has rebounded after finding support at 0.9244, yesterday's sharp retreat from 0.9429 suggests top has been formed there and reckon upside would be limited to 0.9390-00, bring another decline later, below 0.9270-75 would signal the rebound from 0.9244 has ended, bring test of this level, break there would extend weakness to 0.9210-15, however, as broad outlook remains consolidative, price should stay well above support at 0.9151, bring rebound later.

Read more...

Trade Idea Update: GBP/USD - Sell at 1.5800

As cable has rebounded after finding support at 1.5693, retaining our view that further consolidation would be seen and another test of 1.5789 resistance (yesterday's high) cannot be ruled out, however, reckon resistance at 1.5803 would limit upside and bring another decline. A break of said support would signal rebound from 1.5664 has ended, bring retest of this level, below there would extend the fall from 1.5930 to 1.5615-20

Read more...

Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500

Suggested Readings

Fundamental Highlights

Technical Highlights

INO TV Free

Forward this report to a friend!


This email was sent to mondemand.forex@blogger.com by contact@actionforex.com |  

Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong

Advisors Evenly Split on Robo-Advisors' Relevance

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June 30, 2015

In This Week's Issue

Professional Education FAQs

Advisors Evenly Split on Robo-Advisors' Relevance For which kind of jobs is having Magnum Cum Laude most important?
Tips for Protecting Clients from Scammers Who sets the guidelines for accounting principles?
Can You Ace Our Professionals Quiz? Other than accounting, what does a corporate finance job involve?
How To Talk To Headhunters What is the difference between fee-based advisors and commission-based advisors?
Top Digital-Age Tips for Financial Advisors What is private wealth management?


Advisors Evenly Split on Robo-Advisors' Relevance

Financial advisors are pretty evenly split as to whether they see robo-advisors - automated investment services - as competition or as being...

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Tips for Protecting Clients from Scammers

Most experienced financial planners can tell at least one story about a client they have or had who was conned or manipulated out of...

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Can You Ace Our Professionals Quiz?


For $800,000 invested today, an insurance company promises to start making perpetual payments to you beginning seven years from now. What must these perpetual payments be if the long-term savings rate is expected to remain constant at 5.5%?

A) $60,669
B) $64,006
C) $166,249
D) Present value is infinite because payments continue into infinity.
Answer Now


Finance Careers


How To Talk To Headhunters

Depending on how familiar they are with your industry and its jargon, executive recruiters may not always speak...

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Top Digital-Age Tips for Financial Advisors

Living in the digital age has provided financial advisors with numerous new opportunities and challenges. Internet marketing, increased mobility and...

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Finance Education


Top Reasons Why Advisors Should Go RIA

Financial advisors today have several different platforms to choose from when it comes to managing their businesses. Some charge only commissions...

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The Top 10 Summer Reads for Financial Advisors

Some people like to kick back and read a good Stephen King novel over the summer. But financial advisors might consider using...

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