Action Insight | Candlesticks Trades | Markets Summary | Action Bias | Top Movers | Daily Technicals |
Calendar | Elliott Wave Trades | Markets Volatility | Pivot Points | Heat Map | Daily Fundamentals |
Action Insight Market Overview | Markets Snapshot |
Mid-Day Report: Sterling Higher after BoE, Aussie Maintains GainsSterling is so far one of the largest gainer today on positive BoE statement. Nonetheless, it's being overshadowed by Aussie which is lifted by employment data. Kiwi has the opposite fortune and remains the weakest one after dovish RBNZ rate cut. Markets are mixed elsewhere and have muted reaction to the batch of economic data released in early US session. From US, initial jobless claims dropped to 275k in the week ended September 5, below expectation of 279k. Continuing claims rose 1k to 2.26m in the week ended August 29. Import price index dropped -1.8% mom in August. Canada new housing price index rose 0.1% mom in July. | |
Featured Technical Report | |
GBP/USD Mid-Day OutlookDaily Pivots: (S1) 1.5343; (P) 1.5373; (R1) 1.5398; More... The breach of 1.5436 minor resistance with lack of follow through buying is mixing up the near term outlook. Intraday bias in GBP/USD is turned neutral first. On the downside, below 1.5288 will turn bias back to 1.5164. Break will extend the fall from 1.5929 to 61.8% retracement of 1.4565 to 1.5929 at 1.5086 an below. However, firm break of 1.5436 will indicate that fall from 1.5929 was a correction and has completed. In such case, strong rise would be seen back to 1.5817/5929 resistance zone. |
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! | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Orders and Options Watch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency found support at 1.1172 and has rebounded again, bids are still noted at 1.1170-75, 1.1160 and 1.1145-50, buy orders are reported at 1.1120, 1.1100 and 1.1085, buying interest is tipped at 1.1070 and 1.1050. On the upside, offers are seen at 1.1225, 1.1245-50 and 1.1270-75, sell orders are expected at 1.1300, 1.1320 and 1.1335, selling interest should emerge around 1.1350 and 1.1390-00. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forex Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/JPY - Buy at 120.05As the greenback has retreated after faltering below intra-day resistance at 121.35, suggesting consolidation below this level would be seen and pullback to the upper Kumo (now at 120.45) cannot be ruled out, however, intra-day low at 119.98 should contain downside and bring another rise later, above said resistance would extend the rebound from 118.59 to 121.50, then test of previous resistance at 121.75 Trade Idea Update: USD/CHF - Buy at 0.9705Dollar's near term sideways trading is likely to continue and as long as 0.9800- holds, risk of another corrective fall to 0.9716 (yesterday's low) cannot be ruled out, however, reckon support at 0.9700 would limit downside and bring another rebound, above 0.9800-05 would bring retest of 0.9824, break there would extend recent rise from 0.9259 to 0.9835 (61.8% projection of 0.9259-0.9690 measuring from 0.9569) Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Suggested Readings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fundamental Highlights
Technical Highlights |
|
No comments:
Post a Comment