 |  |
| 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 |
Daily Report: Dollar Staying Soft as Fed Fischer Said Rate Hike an Expectation, Not CommitmentDollar is trading with a soft tone as markets start the week quietly. Fed vice chair Stanley Fischer said over the week end that its "an expectation" that Fed will hike interest rate this year, "not a commitment". He emphasized that "both the timing of the first rate increase and any subsequent adjustments to the federal funds rate target will depend critically on future developments in the economy". And, there are still "considerable uncertainties" around the economic outlook, including recent drop in job growth. Nonetheless, he talked down the impact of the international developments including China as "we do not currently anticipate that the effects of these recent developments on the US economy will prove to be large enough to have a significant effect on the path for policy." |
 |
| Featured Technical Report | |
AUD/USD Daily OutlookDaily Pivots: (S1) 0.7275; (P) 0.7309; (R1) 0.7371; More... Intraday bias in AUD/USD remains on the upside for further recovery. But price actions from 0.6905 are viewed as a consolidation pattern. Hence, strong resistance should be seen at 38.2% retracement of 0.8161 to 0.6905 at 0.7385 to complete the consolidation. Below 0.7164 minor support will turn bias back to the downside for retesting 0.6905 low. However, sustained break of 0.7385 will put 0.7625 key resistance in focus. |
| 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 edged higher to 1.1379 before easing in NY morning, offers at 1.1350 and 1.1365 were filled but sell orders are still noted at 1.1380 and 1.1400, selling interest is tipped at 1.1430 and further out at 1.1450. On the downside, bids are raised to 1.1315, 1.1300 and 1.1285, buy orders are expected at 1.1270, 1.1250 and 1.1235, buying interest should emerge around 1.1220 and 1.1200. | |||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||
Trade Idea: EUR/GBP - Hold short entered at 0.7400As the single currency has rebounded after holding above support at 0.7333 (this week's low), suggesting caution on our short position entered at 0.7400 and indicated resistance at 0.7443 needs to hold to retain prospect of another retreat, below 0.7365-70 would bring another test of said support at 0.7333, once this level is penetrated, this would signal top has been formed at 0.7443 last week Trade Idea: USD/CAD - Stand asideAs the greenback has remained under pressure after recent selloff from 1.3457 top (tentatively wave v peak), adding credence to our view that top has been formed there and downside risk remains for this fall to extend weakness to 1.2900, however, loss of near term downward momentum should prevent sharp fall below previous support at 1.2862, reckon 1.2800-10 would hold 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