Wednesday, September 9, 2015

Action Insight Mid-Day Report 9-9-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Stock Markets Rebound Continues, CAD Range Bound after BoC

Rebound in global stock markets extends to US session as DJIA and S&P 500 opened sharply higher. Nonetheless, DJIA is starting to feel heavy above 16600 hand and is struggling to extend gains beyond. At the time of writing, major European indices are broadly higher with FTSE up 1.8%, DAX up 1.4% and CAC up 2.4%. In other markets, crude oil continues to consolidate above 45 handle for the moment. Gold weakens notably and is pressing 1110. Dollar index continues to consolidation around 96. Japanese yen remains the weakness currency on risk appetite while commodity currencies are generally high.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3159; (P) 1.3233; (R1) 1.3283; More...

USD/CAD dips mildly today as consolidation from 1.3353 short term top continues. Intraday bias remains neutral first. As long as 1.2951 support holds, further rally is expected. Above 1.3353 will target next long term retracement level at 1.3469. However, break of 1.2951 will confirm near term reversal and bring deeper pull back.

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
23:01 GBP BRC Shop Price Index Y/Y Aug -1.40% -1.40%
23:50 JPY Japan Money Stock M2+CD Y/Y Aug 4.20% 4.10% 4.10% 4.00%
00:30 AUD Westpac Consumer Confidence Sep -5.60% 7.80%
01:30 AUD Home Loans Jul 0.30% 0.80% 4.40% 4.80%
05:00 JPY Consumer Confidence Index Aug 41.7 40.6 40.3
06:00 JPY Machine Tool Orders Y/Y Aug P -16.50% 1.70%
08:30 GBP Industrial Production M/M Jul -0.40% 0.10% -0.40%
08:30 GBP Industrial Production Y/Y Jul 0.80% 1.40% 1.50%
08:30 GBP Manufacturing Production M/M Jul -0.80% 0.20% 0.20%
08:30 GBP Manufacturing Production Y/Y Jul -0.50% 0.50% 0.50%
08:30 GBP Visible Trade Balance (GDP) Jul -11.1B -9.5B -9.2B -8.5B
12:15 CAD Housing Starts Aug 217K 194K 193.0K
12:30 CAD Building Permits M/M Jul -0.60% -4.70% 14.80%
14:00 CAD BoC Rate Decision 0.50% 0.50% 0.50%
14:00 GBP NIESR GDP Estimate Aug 0.50% 0.70%
21:00 NZD RBNZ Rate Decision 2.75% 3.00%
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency ran into heavy offers just above 1.1200 and has slipped, bids at 1.1170-75 and 1.1140 were filled but buy orders are still noted at 1.1120 and 1.1100, buying interest should emerge around 1.1070 and 1.1050. On the upside, offers are now seen at 1.1160-70 and 1.1200-10, sell orders are reported at 1.1220-30 (stops above), 1.1270 and 1.1300, selling interest is tipped at 1.1320 and 1.1350.

Read more...

Forex Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9705

Although the greenback has rebounded after finding support at 0.9716, break of intra-day high of 0.9824 is needed to signal recent rise from 0.9259 has resumed and extend gain to 0.9835 (61.8% projection of 0.9259-0.9690 measuring from 0.9569) but loss of near term upward momentum should prevent sharp move beyond 0.9850-60 and price should falter below 0.9903 resistance.

Read more...

Trade Idea Update: USD/JPY - Buy at 120.25

The greenback has surged again after finding renewed buying interest at 119.66 and broke above indicated previous resistance at 120.70, adding credence to our view that correction from 121.75 has ended at 118.59 earlier and bullishness remains for the rise from there to extend further gain to 121.25-30, however, reckon upside would be limited to 121.45-50

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