Monday, September 14, 2015

Action Insight Daily Report 9-15-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: Yen Steady as BoJ Stands Pat

Yen stays in tight range in Asian session after BoJ stood pat on monetary policies. Interest rate was kept near zero. The central bank also maintained the annual target of monetary pace expansion at JPY 80T. BoJ noted in the statement that "Japan's economy continues to recover moderately, although exports and output are being affected by the slowdown in emerging economies." It's expected that BoJ would ease monetary policy again due to weakness in the economy. Some economists predicted that based on current policy, BoJ could undershoot the inflation target by a lot as the developments unfold. Nonetheless, it's believed that BoJ might want to wait for Fed to act first before taking actions of its own.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

USD/JPY Daily Outlook

Daily Pivots: (S1) 119.76; (P) 120.30; (R1) 120.75; More...

Intraday bias in USD/JPY remains neutral for the moment. On the upside, break of 121.62 will extend the rebound from 116.13 and target 125.27/85 resistance zone. We'd cautious on strong resistance from there to bring reversal. On the downside, break of 118.58 will turn focus back to 116.13 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
JPY BoJ Monetary Policy Statement
01:30 AUD RBA Minutes
08:30 GBP CPI M/M Aug 0.20% -0.20%
08:30 GBP CPI Y/Y Aug 0.00% 0.10%
08:30 GBP Core CPI Y/Y Aug 1.00% 1.20%
08:30 GBP RPI M/M Aug 0.30% -0.10%
08:30 GBP RPI Y/Y Aug 0.90% 1.00%
08:30 GBP PPI Input M/M Aug -2.20% -0.90%
08:30 GBP PPI Input Y/Y Aug -13.50% -12.40%
08:30 GBP PPI Output M/M Aug -0.20% -0.10%
08:30 GBP PPI Output Y/Y Aug -1.60% -1.60%
08:30 GBP PPI Output Core M/M Aug 0.00% 0.10%
08:30 GBP PPI Output Core Y/Y Aug 0.20% 0.30%
09:00 EUR Eurozone Trade Balance (EUR) Jul 21.4B 21.9B
09:00 EUR Eurozone Employment Q/Q Q2 0.10% 0.10%
09:00 EUR German ZEW (Economic Sentiment) Sep 20 25
09:00 EUR German ZEW (Current Situation) Sep 64 65.7
09:00 EUR Eurozone ZEW (Economic Sentiment) Sep 42.1 47.6
12:30 USD Advance Retail Sales Aug 0.40% 0.60%
12:30 USD Retail Sales Less Autos Aug 0.30% 0.40%
12:30 USD Empire State Manufacturing Sep 0.5 -14.92
13:15 USD Industrial Production Aug -0.20% 0.60%
13:15 USD Capacity Utilization Aug 77.70% 78.00%
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency retreated after rising to 1.1373 earlier today, bids at 1.1320 and 1.1300 were filled but buy orders are still noted at 1.1285 and 1.1265-70, buying interest is tipped at 1.1250, 1.1225 and 1.1200. On the upside, offers are now seen at 1.1325-30, 1.1355-60 and 1.1375, sell orders are expected at 1.1390-00 and 1.1420, mixture of offers and stops is located at 1.1450.

Read more...

Forex Trade Ideas

Trade Idea: USD/CAD - Hold long entered at 1.3210

Although near term choppy trading is expected to continue, still reckon downside would be limited to 1.3200 and bring another rebound, above resistance at 1.3325-27 would signal the correction from 1.3354 has ended, bring retest of this recent high. Once this level is penetrated, this would extend recent upmove to 1.3390-00, however, this minor wave v of iii should be limited to 1.3440-50, risk from from there is seen for a correction to take place later.

Read more...

Trade Idea : EUR/GBP - Stand aside

Euro's rebound after holding above support at 0.7240 (last week's low) suggests consolidation would be seen with upside bias for gain to resistance at 0.7376, however, break of resistance at 0.7395 is needed to signal the correction from 0.7423 (last month's high) has ended, bring further gain to this level. Having said that, only break there would confirm upmove has resumed for headway to 0.7450, then towards 0.7475-80.

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