Monday, June 15, 2015

Action Insight Mid-Day Report 6-15-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Risk Markets Tumble Sharply on Greece, Euro Steady

The global risk markets tumble sharply today after Greece debt negotiation collapsed during the weekend. The Anthex composite index in Greece dropped nearly -5% and led European equities broadly lower. At this time of writing, FTSE is lowing -1%, DAX down -2% and CAC down -1.9%. In US DJIA opens sharply lower and is losing -1% initial trading. The currency markets, however, remain relatively steady with EUR/USD staying in tight range around 1.1230 and other crosses are held in tight range. Greek spokesman Gabriel Sakellardis played down the chance of new proposals as he noted that "we have largely exhausted our limits". According to a Reuters poll, traders are expecting one-in-three chance of Greece leaving Eurozone this year.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1175; (P) 1.1235 (R1) 1.1321; More....

Intraday bias in EUR/USD remains neutral for the moment. Rise from 1.0461 could still be in progress and above 1.1379 temporary top will target 1.1466 and above. But after all, such rise is viewed as a corrective move. Hence, in that case, we'd expect strong resistance from 38.2% retracement of 1.3993 to 1.0461 at 1.1810 to bring reversal. Meanwhile, break of 1.0818 support will suggest that such corrective rise is completed and turn outlook bearish.

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
23:01 GBP Rightmove House Prices M/M Jun 3.00% -0.10%
07:15 CHF Producer & Import Prices M/M May -0.80% 0.10% -2.10%
07:15 CHF Producer & Import Prices Y/Y May -6.00% -5.10% -5.20%
07:15 CHF Retail Sales (Real) Y/Y Apr 1.60% -2.20% -2.80%
09:00 EUR Eurozone Trade Balance (EUR) Apr 24.3B 19.0B 19.7B 19.9B
12:30 CAD Manufacturing Shipments M/M Apr -2.10% -0.50% 2.90% -2.70%
12:30 USD Empire State Manufacturing Jun -2 6 3.09
13:15 USD Industrial Production May -0.20% 0.20% -0.30%
13:15 USD Capacity Utilization May 78.10% 78.30% 78.20%
14:00 USD NAHB Housing Market Index Jun 59 56 54
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency traded narrowly after finding support at 1.1189, offers are still noted at 1.1260, 1.1280 and 1.1300, more sell orders are reported at 1.1320, 1.1340 and 1.1365, selling interest is tipped at 1.1380 and 1.1400. On the downside, bids are now seen at 1.1200-05 and 1.1185, buy orders are expected at 1.1150, 1.1130 and 1.1100, buying interest should emerge around 1.1080-85, 1.1065 and 1.1050.

Read more...

Forex Trade Ideas

Trade Idea Update: GBP/USD - Buy at 1.5430

As the British pound has remained under pressure after retreating from Friday's high of 1.5598, retaining our view that consolidation below this level would be seen and pullback to support at 1.5467 is likely, however, reckon previous support at 1.5422 would hold and bring another rise later. Above 1.5550-55 would signal the retreat from said resistance at 1.5598 has ended, bring retest of this Friday's high, break there would extend the rise from 1.5170 low towards 1.5630

Read more...

Trade Idea Update: EUR/USD - Hold long entered at 1.1220

As the single currency has rebounded after finding support at 1.1189, retaining our bullishness and consolidation with upside bias is seen for test of intra-day resistance at 1.1261, however, break of Friday's high at 1.1297 is needed to add credence to our view that fall from last week's high at 1.1386 has ended, bring test of 1.1330-35, then 1.1350-55, only above latter level would provide confirmation and bring retest of this level later this week.

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

No comments:

Post a Comment