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: Dollar Mildly Higher as Range Trading ContinuesDollar is mildly higher in US session but stays in tight range against other major currencies. New York Fed president William Dudley echoed Fed chair Janet Yellen's view and said a rate hike later this year is likely. And he hailed that the economy is doing "pretty well" and if it continues on the current path, there's a strong case for for rate hike. Meanwhile, Fed governor Daniel Tarullo said that the economy got a "fair amount of momentum" even though they're still looking at the risks. Released from US, personal income rose 0.3% in August, below expectation of 0.4%. But spending rose 0.4% versus expectation of 0.3%. Headline PCE was unchanged at 0.3% yoy while core PCE rose to 1.3% yoy. | |
Featured Technical Report | |
USD/JPY Mid-Day OutlookDaily Pivots: (S1) 119.92; (P) 120.58; (R1) 121.13; More... Range trading continues in USD/JPY in range of 118.58/121.62. Intraday bias 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. |
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 traded narrowly today, bids are still noted at 1.1165, 1.1150 and 1.1135, buy orders are reported at 1.1120-25, 1.1100 and 1.1085, buying interest is tipped at 1.1065, 1.1050 and 1.1030, mixture of bids and stops is located at 1.1000. On the upside, offers are seen at 1.1200, 1.1220-25 and 1.1245, sell orders are expected at 1.1275 and 1.1300. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forex Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: EUR/USD - Sell at 1.1275Euro's rebound again after holding above Friday's low at 1.1116 has retained our view that further consolidation above last week's low at 1.1105 would be seen and recovery to 1.1235-40 cannot be ruled out, however, outlook remains consolidative, reckon upside would be limited to 1.1270-75 and price should falter below resistance at 1.1296, bring another decline later. Below said support at 1.1116 would bring retest of last week's low at 1.1105, then towards previous support at 1.1087 Trade Idea Update: USD/JPY - Hold long entered at 120.05Dollar's retreat after Friday's brief rise to 121.24 (a shooting star was formed on the hourly chart) has retained our view that consolidation below this level would be seen and marginal weakness from here cannot be ruled out, however, reckon downside would be limited to 119.90 and bring another rise later, above the Kijun-Sen (now at 120.62) would bring rebound to 121.00, then towards resistance area at 121.24-35 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