Thursday, September 3, 2015

Action Insight Daily Report 9-4-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: NFP Takes the Stage From Dovish ECB

The dovish ECB press conference yesterday weakened the Euro as well as other European majors and set the stage for a dollar rally. The torch is now passed to employment report from US today. Non-farm payroll is expected to show 220k growth in the job market in August. Unemployment rate is expected to drop to 5.2%. Average hourly earnings are expected to grow 0.2%. The pre-NFP employment data pointed to downside risk in today's release. The ADP employment report showed 190k private sector job growth in August, missing expectation of 200k. 4 week moving average of initial claims rose from 268k to 276k in the past month. Employment component of ISM manufacturing dropped from 52.7 to 51.2, hitting the lowest level since April. Employment component of ISM non-manufacturing dropped from 59.6 to 56.0. Nonetheless, Conference Board consumer confidence improved sharply from 91.0 to 101.5 and hit the highest level since January.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

AUD/USD Daily Outlook

Daily Pivots: (S1) 0.6984; (P) 0.7023; (R1) 0.7055; More...

AUD/USD's fall continues today and reaches as low as 0.6958 so far and intraday bias remains on the downside. Sustained trading below 61.8% projection of 0.9504 to 0.7625 from 0.8161 at 0.7000 will pave the way to 100% projection at 0.6282. On the upside, above 0.7061 minor resistance will turn bias neutral and bring consolidations. But outlook will stay bearish as long as 0.7458 resistance holds and further fall is expected.

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
01:30 JPY Labor Cash Earnings Y/Y Jul 0.60% 2.40% -2.40%
06:00 EUR German Factory Orders M/M Jul -0.60% 2.00%
06:00 EUR German Factory Orders n.s.a. Y/Y Jul 0.30% 7.20%
07:15 CHF CPI M/M Aug -0.20% -0.60%
07:15 CHF CPI Y/Y Aug -1.40% -1.30%
08:10 EUR Eurozone Retail PMI Aug 54.2
12:30 USD Change in Non-farm Payrolls Aug 220K 215K
12:30 USD Unemployment Rate Aug 5.20% 5.30%
12:30 USD Average Hourly Earnings M/M Aug 0.20% 0.20%
12:30 CAD Net Change in Employment Aug -2.5K 6.6K
12:30 CAD Unemployment Rate Aug 6.80% 6.80%
14:00 CAD Ivey PMI Aug 53.5 52.9
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency dropped again in NY morning in part due to upbeat US data, bids at 1.1200, 1.1180, 1.1160 and 1.1120-30 were filled, mixture of bids and stops at 1.1100 barrier is in focus, some buy orders are scattered around 1.1050-60 and 1.1020-25, buying interest is tipped at 1.0990-00 (stops below 1.0980). On the upside, offers are now seen at 1.1150-55 and 1.1190-00, sell orders are expected at 1.1220 and 1.1240-50 (stops above), selling interest should emerge around 1.1280 and 1.1300 with stops building up above 1.1335-40.

Read more...

Forex Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7300

As the single currency has retreated quite sharply after meeting resistance at 0.7340 today, dampening our bullishness and minor support at 0.7262 needs to hold to retain prospect of another rebound, above 0.7340 would bring test of 0.7395 but break there is needed to signal upmove has resumed for retest of 0.7423. Looking ahead, only break of this last week's high would confirm recent upmove has resumed

Read more...

Trade Idea: USD/CAD - Stand aside

Despite yesterday's rebound to 1.3325, as the greenback has retreated again after faltering below indicated resistance at 1.3327 (Monday's high), retaining our view that further consolidation below last week's high of 1.3354 would be seen and below support at 1.3117 would bring retracement of recent upmove to 1.3050-60, having said  that, reckon 1.3000 would contain weakness and price should stay well above 1.2952

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