Wednesday, August 5, 2015

Action Insight Mid-Day Report 8-5-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Dollar Pared Gains as ADP Missed

Dollar pared back some gains in early US session after weaker than expected employment data as well as comment from a Fed official. The ADP reported showed 185k growth in private sector jobs in July versus consensus of 210k. Prior month's data was also revised lower from 237k to 229k. Also released, US trade deficit came in larger than expected at USD -43.84b in June. Canada trade deficit narrowed to CAD -0.48b in June.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.5535; (P) 1.5584; (R1) 1.5611; More...

GBP/USD recovers after brief dip but it's staying in range of 1.5465/5689. Intraday bias remains neutral for the moment. Outlook is unchanged that another rise is mildly in favor 1.5465 minor support holds. Above 1.5689 will target 1.5929 resistance and break will extend the larger rise to 61.8% retracement of 1.7190 to 1.4565 at 1.6187. On the downside, below 1.54654 minor support will turn focus back to 1.5169 support instead.

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 Employment Change Q/Q Q2 0.30% 0.50% 0.70% 0.60%
22:45 NZD Unemployment Rate Q2 5.90% 5.90% 5.80%
22:45 NZD Labor Cost Private Sector Q/Q Q2 0.50% 0.50% 0.30%
22:45 NZD Private Wages ex Overtime Q/Q Q2 1.80% 1.80% 1.80%
23:01 GBP BRC Shop Price Index Y/Y Jul -1.40% -1.30%
01:45 CNY Caixin PMI Services Jul 53.8 52.2 51.8
07:15 CHF CPI M/M Jul -0.60% -0.40% 0.10%
07:15 CHF CPI Y/Y Jul -1.30% -1.10% -1.00%
07:45 EUR Italy Services PMI Jul 52 53.6 53.4
08:00 EUR Eurozone Services PMI Jul F 54 53.8 53.8
08:30 GBP Services PMI Jul 57.4 58 58.5
09:00 EUR Eurozone Retail Sales M/M Jun -0.60% -0.20% 0.20%
12:15 USD ADP Employment Change Jul 185K 210K 237K 229K
12:30 USD Trade Balance Jun -43.84B -$42.40B -$41.87B -40.94B
12:30 CAD International Merchandise Trade (CAD) Jun -0.48B -2.28B -3.34B
14:00 USD ISM Non-Manufacutring Composite Jul 60.3 56.3 56
14:30 USD Crude Oil Inventories -4.2M
Orders and Options Watch

US Session: Orders and Options Watch

EUR: Euro found support at 1.0848 and has staged a strong rebound in US morning, offers at 1.0885, 1.0900 and 1.0930 were filled but sell orders are still noted at 1.0950, 1.0980 and 1.1000, selling interest should emerge around 1.1020, 1.1050 and 1.1065, sellers are awaiting at 1.1080-85 and 1.1100. On the downside, bids are now seen at 1.0875-80, 1.0840-45 and 1.0820-25, buying interest is tipped at 1.0800, 1.0780 and 1.0750 barrier, mixture of bids and stops is located at 1.0700.

Read more...

Forex Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9730

As the greenback has surged again after finding renewed buying interest at 0.9668 yesterday and broke above previous resistance at 0.9719, adding credence to our view that recent upmove is still in progress and further gain to 0.9820-25 (100% projection of 0.9549-0.9705 measuring from 0.9668) would be seen, however, near term overbought condition should prevent sharp move beyond 0.9860-65

Read more...

Trade Idea Update: USD/JPY - Stand aside

As the greenback has rebounded after finding support at 123.80 yesterday, suggesting a retest of last week's high at 124.58 would be seen, however, break there is needed too confirm recent upmove has resumed and extend gain to 124.80, then test of psychological 125.00 but loss of near term upward momentum would prevent sharp move beyond latter level

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