Monday, August 3, 2015

Action Insight Mid-Day Report 8-3-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Dollar Mildly Higher on Income and Spending Data

Dollar is generally higher today but is still bounded in range against other major currencies. Released from US, personal income rose 0.4% in June, higher than expectation of 0.3%. Personal spending rose 0.2%, inline with expectations. Headline PCE accelerated to 0.3% yoy versus expectation of 0.2% yoy. Core PCE was unchanged at 1.3% yoy, above expectation of 1.2%. Focus will turn to ISM manufacturing index to be released later in US session. A key focus is the employment component which jumped sharply to 55.5 in June, from April's low of 48.3. Performance of the employment component might provide a hint for non-farm payroll report to be released on Friday. And, Fed was clear that some further improvements in the labor market is needed before raising interest rate.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9569; (P) 0.9631; (R1) 0.9715; More....

USD/CHF recovers mildly today but stays in range below 0.9718. Intraday bias remains neutral for consolidation below 61.8% retracement of 1.0127 to 0.9072 at 0.9724. Another rise is in favor with 0.9524 support intact. Sustained break of 0.9724 will pave the way for 1.0127 resistance. However, break of 0.9524 will indicate near term topping on bearish divergence condition in 4 hours MACD. In such case, intraday bias will be turned back to the downside for 0.9150 support.

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
00:30 AUD TD Securities Inflation M/M Jul 0.20% 0.10%
01:00 AUD HIA New Home Sales M/M Jun 0.50% -2.30%
01:35 JPY PMI Manufacturing Jul F 51.2 51.4 51.4
01:45 CNY Caixin PMI Manufacturing Jul F 47.8 48.4 48.2
07:30 CHF SVME PMI Jul 48.7 50.6 50
07:45 EUR Italy Manufacturing PMI Jul 55.3 54.6 54.1
08:00 EUR Eurozone Manufacturing PMI Jul F 52.4 52.2 52.2
08:30 GBP UK PMI Manufacturing Jul 51.9 51.6 51.4
12:30 USD Personal Income Jun 0.40% 0.30% 0.50% 0.40%
12:30 USD Personal Spending Jun 0.20% 0.20% 0.90% 0.70%
12:30 USD PCE Deflator M/M Jun 0.20% 0.20% 0.30%
12:30 USD PCE Deflator Y/Y Jun 0.30% 0.20% 0.20%
12:30 USD PCE Core M/M Jun 0.10% 0.20% 0.10%
12:30 USD PCE Core Y/Y Jun 1.30% 1.20% 1.20% 1.30%
14:00 USD Construction Spending M/M Jun 0.10% 0.70% 0.80%
14:00 USD ISM Manufacturing Jul 52.7 53.5 53.5
14:00 USD ISM Prices Paid Jul 44 49.5 49.5
Orders and Options Watch

US Session: Orders and Options Watch

EUR: Euro's retreat from 1.1114 has kept price under pressure, offers are still noted at 1.1000, 1.10200 and 1.1050, sell orders are reported at 1.1065, 1.1080-85 and 1.1100, selling interest is tipped at 1.1120, 1.1160 and 1.1185, mixture of offers and stops is located at 1.1200. On the downside, bids are seen at 1.0950, 1.0925-30 and 1.0900, buy orders are expected at 1.0880, 1.0860 and 1.0820-25, buying interest should emerge around 1.0800, 1.0780 and 1.0750 barrier (stops below).

Read more...

Forex Trade Ideas

Trade Idea Update: EUR/USD - Sell at 1.1050

Although the single currency staged a strong rebound after finding good support at 1.0893, as euro ran into heavy selling pressure at 1.1114 on Friday and has retreated sharply, suggesting further consolidation below last week's high of 1.1130 would be seen with mild downside bias, below support at 1.0921 would suggest the rebound from 1.0893 has ended, bring another test of this level

Read more...

Trade Idea Update: USD/JPY - Sell at 124.35

Although dollar has rebounded after falling to 123.52 on Friday and consolidation with initial upside bias is seen for recovery to 124.20, reckon resistance at 124.38 should limit upside and bring retreat later, below said support at 123.52 would extend weakness to 123.33 but break there is needed to signal top has been formed at 124.58 last week, bring another test of last week's low at 123.01

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