Monday, September 14, 2015

Action Insight Mid-Day Report 9-14-15

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: Markets Steady as Traders Cautious ahead of FOMC The financial markets are relatively steady today. Dollar and yen opened the week mildly lower but quickly recovered. Meanwhile, European majors are losing some of last week's gain. The dollar index is back at 95.3 after dipping to 94.91 earlier. Movements in other markets are also limited. Crude oil is trading below 45 as consolidation continues. Gold is struggling around 1100 handle. European stock indices opened higher but reversed course and is trading nearly flat at the time of writing. US futures point to a flat open. Full Report Here...
Featured Technical Report
USD/JPY Mid-Day Outlook Daily Pivots: (S1) 120.31; (P) 120.63; (R1) 120.92; More... USD/JPY's recovery lost momentum ahead of 121.62 resistance and intraday bias is turned neutral first. 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... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

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GMT	Ccy	Events	Actual	Consensus	Previous	Revised
4:30	JPY	Tertiary Industry Index M/M Jul	0.20%	0.20%	0.30%
7:15	CHF	Producer & Import Prices M/M Aug	-0.70%	-0.40%	-0.30%
7:15	CHF	Producer & Import Prices Y/Y Aug	-6.80%		-6.40%
7:15	CHF	Retail Sales (Real) Y/Y Jul	-0.10%	1.50%	-0.90%
9:00	EUR	Eurozone Industrial Production M/M Jul	0.60%	0.30%	-0.40%	-0.30%

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.

Trade Idea Update: GBP/USD - Buy at 1.5355

As the British pound has retreated after meeting resistance at 1.5471, retaining our view that further consolidation below last week's high at 1.5476 would be seen and below support at 1.5400 would bring correction to 1.5375-80, however, reckon 1.5350-55 would limit downside and bring another rise later, above said resistance at 1.5476 would extend the rise from 1.5164 low to 1.5493-93

Trade Idea Update: EUR/USD - Buy at 1.1265

As the single currency has retreated after intra-day brief rise to 1.1373, suggesting minor consolidation below this level would be seen and weakness to 1.1280-85 cannot be ruled out, however, reckon downside would be limited to the upper Kumo (now at 1.1264) and bring another rise later towards 1.1396-1.1401 (previous support and 50% Fibonacci retracement of 1.1714-1.1087) which is likely to hold on first testing