Tuesday, September 29, 2015

Action Insight Daily Report 9-30-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: Dollar Steady as Important Data and Yellen Awaited

US equities closed mildly higher after initial selloff overnight. S&P 500 indeed reached as low as 1871.91, inch above key near term support level of August low of 1867.01. Dollar, on the other hand, is struggling in tight range. The dollar index, while a bit softer this week, is still holding above near term support of 95.48 and another rise is mildly in favor. Some more volatility could be seen in the forex markets as a number of key economic data from US will be released starting today. That includes ADP employment today, ISM manufacturing tomorrow and non-farm payroll on Friday. Also, Fed chair Janet Yellen's speech today will be closely watched.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3375; (P) 1.3416; (R1) 1.3460; More...

USD/CAD rises to 1.3456 so far and intraday bias remains on the upside for next long term retracement level at 1.3469. Break there will target 61.8% projection of 1.2127 to 1.3353 from 1.3011 at 1.3768. On the downside, below 1.3290 minor support will turn bias neutral first. But outlook will stay bullish as long as 1.3011 support holds.

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
21:45 NZD Building Permits M/M Aug -4.90% 20.40% 20.30%
23:05 GBP GfK Consumer Sentiment Sep 3 5 7
23:50 JPY Industrial Production M/M Aug P -0.50% 1.10% -0.80%
23:50 JPY Retail Trade Y/Y Aug 0.80% 1.30% 1.60% 1.80%
0:00 NZD NBNZ Business Confidence Sep -18.9 -29.1
1:30 AUD Building Approvals M/M Aug -6.90% -1.90% 4.20% 7.90%
5:00 JPY Housing Starts Y/Y Aug 7.70% 7.40%
6:00 CHF UBS Consumption Indicator Aug 1.64
7:00 CHF KOF Leading Indicator Sep 101.2 100.7
7:55 EUR German Unemployment Change Sep -5K -7k
7:55 EUR German Unemployment Rate Sep 6.40%
8:00 EUR Italian Unemployment Rate Aug P 12.00% 12.00%
8:30 GBP Current Account (GBP) Q2 -22.3B -26.5b
8:30 GBP GDP Q/Q Q2 F 0.70% 0.70%
8:30 GBP Index of Services 3M/3M Jul 0.80% 0.70%
9:00 EUR Eurozone Unemployment Rate Aug 10.90% 10.90%
9:00 EUR Eurozone CPI Estimate Y/Y Sep 0.00% 0.10%
9:00 EUR Eurozone CPI - Core Y/Y Sep A 0.90% 0.90%
12:15 USD ADP Employment Change Sep 185k 190k
12:30 CAD GDP M/M Jul 0.20% 0.50%
13:45 USD Chicago PMI Sep 53.1 54.4
14:30 USD Crude Oil Inventories -1.9M
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency met resistance at 1.1282 and has retreated, offers are still noted at 1.1280, 1.1300 and 1.1325-30, selling interest is tipped at 1.1350, 1.1380-85 and 1.1400, sellers are awaiting at 1.1420 and 1.1450. On the downside, bids are seen at 1.1195 and 1.1180, buy orders are expected at 1.1150, 1.1125-35 and 1.1100, buying interest should emerge around 1.1085, 1.1065 and 1.1050, fresh demand is located at 1.1030 and 1.1000.

Read more...

Forex Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7320

The single currency rose again after finding renewed buying interest at 0.7336 yesterday, adding credence to our bullishness for the rise from 0.6936 low (wave v trough) to extend further gain to 0.7450-55 and later towards 0.7490-00 which is likely to hold from here due to near term overbought condition.

Read more...

Trade Idea: USD/CAD - Buy at 1.3250

As the greenback has risen again after brief pullback, suggesting recent upmove is still in progress and may extend further gain to 1.3450 and then towards 1.3490-00, however, near term overbought condition should prevent sharp move beyond 1.3620-30 (50% projection of 1.2128-1.3354 measuring from 1.3013), risk from there is seen for a correction to take place later.

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