Thursday, October 8, 2015

Action Insight Mid-Day Report 10-8-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Sterling Pares Gains after BoE, FOMC Minutes Next

The forex markets are basically staying in familiar range today. Sterling edged higher but reversed the gains after BoE left policies unchanged as widely expected. Canadian dollar also pared back some of recent gains as crude oil faced resistance for 50 handle and is back pressing 48. Released from US, initial jobless claims dropped to 263k in the week ended October 3, below expectation of 263k. That's also the lowest level since July. The four week moving average dropped from 270.5k to 267.5k. Continuing claims rose 9k to 2.2m in the week ended September 26. From Canada, housing starts rose to 230.7k in September while new housing price index rose 0.3% mom in August.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.5243; (P) 1.5291; (R1) 1.5364; More...

GBP/USD recovered to as high as 1.5371, missing 55 days EMA (now at 1.5385) and retreats. Further rise cannot be ruled out. But overall, risk will still stay on the downside as long as 1.5658 resistance holds, Fall from 1.5929 is still in favor to continue. Sustained break of 61.8% retracement 1.4565 to 1.5929 at 1.5086 will pave the way to retest 1.4565 low.

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 RICS House Price Balance Sep 44% 56% 53%
23:50 JPY Machine Orders M/M Aug -5.70% 3.10% -3.60%
23:50 JPY Current Account (JPY) Aug 1.59T 1.28T 1.32T
05:00 JPY Eco Watchers Survey: Current Sep 47.5 48.6 49.3
05:45 CHF Unemployment Rate Sep 3.40% 3.40% 3.30%
06:00 EUR German Trade Balance (EUR) Aug 19.6B 20.2B 22.8B
11:00 GBP Bank of England Rate Decision 0.50% 0.50% 0.50%
11:00 GBP BoE Asset Purchase Target 375B 375B 375B
11:00 GBP MPC Official Bank Rate Votes 1--0--8 1--0--8 1--0--8
11:00 GBP MPC Asset Purchase Facility Votes 0--0--9 0--0--9 0--0--9
11:30 EUR ECB Monetary Policy Meeting Accounts
12:15 CAD Housing Starts Sep 230.7K 200.0K 216.9k
12:30 CAD New Housing Price Index M/M Aug 0.30% 0.20% 0.10%
12:30 USD Initial Jobless Claims (OCT 3) 263K 274K 277K 276K
14:30 USD Natural Gas Storage 98B 98B
18:00 USD FOMC Minutes
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency has retreated after intra-day brief bounce to 1.1315, bids at 1.1270 and 1.1250 were filled but buy orders are still noted at 1.1235, 1.1220 and 1.1200, buying interest should emerge around 1.1180-85, 1.1155-60 and 1.1125-35, mixture of bids and stops is located at 1.1100. On the upside, offers are now seen at 1.1280, 1.1315-20 (stops above) and 1.1350, sell orders are reported at 1.1365 and 1.1380, selling interest is tipped at 1.1400 and 1.1430, sellers are awaiting at 1.1450, 1.1475 and 1.1500.

Read more...

Forex Trade Ideas

Trade Idea Update: USD/CHF - Hold short entered at 0.9720

Although the greenback has rebounded again after intra-day retreat to 0.9659, as long as 0.9740 holds, bearishness remains for decline from 0.9844 top to resume after consolidation, below said intra-day support would bring retest of last week's low at 0.9645, break there would provide confirmation and bring correction of early upmove to 0.9620, then towards 0.9600

Read more...

Trade Idea Update: EUR/USD - Hold long entered at 1.1275

As the single currency has retreated after faltering below indicated resistance at 1.1319, suggesting consolidation would bee seen, however, as long as 1.1235-40 holds, mild upside bias remains for another rise later, above said resistance (last week's high) would revive bullishness and extend the rebound from 1.1105 to previous resistance at 1.1330, then towards 1.1360-70

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