Thursday, October 1, 2015

Action Insight Mid-Day Report 9-30-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Dollar Lower as Trader Turns Cautious ahead of NFP

Commodity currencies are generally higher today while the greenback is broadly lower without a clear reason. Traders seemed to be getting a bit more cautious ahead of tomorrow's non-farm payroll report from US and are lightening up the positions. Released from US, ISM manufacturing index dropped to 50.2 in September versus expectation of 51.0. Construction spending rose 0.7% mom in August. Initial jobless claims rose 10k to 277k in the week ended September 26, higher than expectation of 273k. The 4-week moving average dropped 1k to 270.75k hitting the lowest level since 1973. Also, note that the initial claims have been below 300k for the 30 straight week, which was the longest streak since also 1973. Continuing claims dropped 53k to 2.19m in the week ended September 19, the lowest since November 2000. Challenger job cuts rose 93.2% yoy in September.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.5084; (P) 1.5148; (R1) 1.5191; More...

GBP/USD continues to lose downside momentum but there is not sign of recovery yet. And, with 1.5288 resistance intact, further decline is still expected to 61.8% retracement 1.4565 to 1.5929 at 1.5086 first. Decisive break there will pave the way back to 1.4565 low. Break of 1.5288 will bring rebound but risk will remain mildly on the downside as long as 1.5658 resistance holds.

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
23:50 JPY Tankan Large Manufacturers Index Q3 12 13 15
23:50 JPY Tankan Large Manufacturers Outlook Q3 10 10 16
23:50 JPY Tankan Non-Manufacturing Index Q3 25 21 23
23:50 JPY Tankan Non-Manufacturing Outlook Q3 19 19 21
23:50 JPY Tankan Small Mfg Index Q3 0 -2 0
23:50 JPY Tankan Small Mfg Outlook Q3 -2 -4 0
23:50 JPY Tankan Small Non-Mfg Index Q3 3 2 4
23:50 JPY Tankan Small Non-Mfg Outlook Q3 1 0 1
23:50 JPY Tankan Large All Industry Capex Q3 10.90% 8.50% 9.30%
01:00 CNY Manufacturing PMI Sep 49.8 49.7 49.7
01:00 CNY Non-manufacturing PMI Sep 53.4 53.4
01:45 CNY Caixin Manufacturing PMI Sep F 47.2 47.2 47
01:45 CNY Caixin Services PMI Sep 50.5 51.2 51.5
07:15 CHF Retail Sales (Real) Y/Y Aug -0.30% 0.30% -0.10% 0.10%
07:30 CHF SVME-PMI Sep 49.5 51.9 52.2
07:45 EUR Italy Manufacturing PMI Sep 52.7 53.4 53.8
08:00 EUR Eurozone Manufacturing PMI Sep F 52.7 52 52
08:30 GBP UK PMI Manufacturing Sep 51.5 51.3 51.5
11:30 USD Challenger Job Cuts Y/Y Sep 93.20% 2.90%
12:30 USD Initial Jobless Claims (SEP 26) 277K 273K 267K
14:00 USD Construction Spending M/M Aug 0.70% 0.60% 0.70%
14:00 USD ISM Manufacturing Sep 50.2 51 51.1
14:00 USD ISM Prices Paid Sep 38 40 39
14:30 USD Natural Gas Storage 101B 106B
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency has rebounded in part due to soft US data, offers at 1.1170, 1.1185 and 1.1200 were filled but sell orders are still noted at 1.1220, 1.1245 and 1.1260, selling interest should emerge around 1.1280 and 1.1300. On the downside, bids are now seen at 1.1155-65, 1.1135 and 1.1120, buying interest is tipped at 1.1100-05, 1.1085 (stops below) and 1.1065, fresh demand is located at 1.1050, 1.1030 and 1.1000.

Read more...

Forex Trade Ideas

Trade Idea Update: USD/CHF - Sell at 0.9810

Although the greenback has rebounded again after finding support at 0.9727 yesterday and consolidation with initial upside bias is seen for further recovery to 0.9800-10, however, as long as resistance at 0.9844 (last week's high) holds, risk of another retreat remains, below said support at 0.9727 would signal the rebound from 0.9687 has ended, bring another test of this level

Read more...

Trade Idea Update: GBP/USD - Buy at 1.5135

As the British pound has recovered after intra-day marginal fall to 1.5107, suggesting an intra-day low has possibly been formed there and consolidation with mild upside bias is seen for test of the upper Kumo (now at 1.5185), however, break of indicated resistance at 1.5214 is needed to add credence to this view, bring retracement of recent decline to resistance at 1.5241 but price should falter well below previous resistance at 1.5289.

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