Monday, November 16, 2015

Action Insight Mid-Day Report 11-16-15

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Risk Off Sentiments Stabilized

While Asian equities ended the day broadly lower, European indices reversed earlier losses and turned positive as risk sentiments stabilized. US futures also point to a flat open. Investors calmed down from the shock of terror attacks in Paris last Friday and France's subsequent retaliation. Some economic data are released in the early US session but markets paid little attention. US Empire State manufacturing index rose to -10.7 in November but missed expectation of -5. Canadian manufacturing shipments dropped -1.% mom in September versus expectation of 0.3% mom. Canadian international securities transactions dropped to CAD 3.35b in September.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 122.37; (P) 122.68; (R1) 122.92; More...

USD/JPY recovers after initial dip today but is staying below 123.59 temporary top. Intraday bias remains neutral first and more consolidations could still be seen. As long as 121.46 resistance turned support holds, further rise is expected in USD/JPY. Above 123.59 will target 125.27/85 resistance zone. Decisive break there will confirm up trend resumption and will target 130 handle. Though, firm break of 121.46 will argue that the near term move has reversed.

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
21:45 NZD Retail Sales Q/Q Q3 1.60% 1.00% 0.10%
21:45 NZD Core Retail Sales Q/Q Q3 1.00% 1.40% 0.10%
23:50 JPY GDP Q/Q Q3 P -0.20% -0.10% -0.30%
23:50 JPY GDP Deflator Y/Y Q3 P 2.00% 1.70% 1.50%
00:01 GBP Rightmove House Prices M/M Nov -1.30% 0.60%
10:00 EUR Eurozone CPI M/M Oct 0.10% 0.10% 0.20%
10:00 EUR Eurozone CPI Y/Y Oct F 0.10% 0.00% 0.00%
10:00 EUR Eurozone CPI - Core Y/Y Oct F 1.10% 1.00% 1.00%
13:30 CAD Manufacturing Shipments M/M Sep -1.50% 0.30% -0.20% -0.60%
13:30 CAD International Securities Transactions (CAD) Sep 3.35B 4.12B 3.11B 5.78B
13:30 USD Empire State Manufacturing Nov -10.7 -5 -11.36
Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency traded narrowly, offers are still noted at 1.0760, 1.0780-85 and 1.0800, sell orders are reported at 1.0820 and 1.0845-50, selling interest is tipped at 1.0885 and 1.0900. On the downside, bids are seen at 1.0700, 1.0685 and 1.0665, buy orders are expected at 1.0650, 1.0630 and 1.0600, buying interest should emerge around 1.0580 and 1.0550.

Read more...

Forex Trade Ideas

Trade Idea Update: USD/CHF - Buy at 1.0035

Dollar's breach of 1.0087 on Friday signals recent upmove has resumed and further gain towards 1.0129-34 (previous resistance and 61.8% projection of 0.9476-0.9958 measuring from 0.9836) would be seen, however, break there is needed to retain bullishness and extend medium term uptrend to 1.0150 and possibly towards 1.0175-80.

Read more...

Trade Idea Update: GBP/USD - Hold short entered at 1.5215

Cable met resistance at 1.5242 and has slipped again today, retaining our view that top was possibly formed at 1.5265 on Friday and consolidation with downside bias remains, a break of 1.5170-75 would add credence to this view, bring weakness to support at 1.5134, below there would suggest the rebound from 1.5027 has ended, then further fall to 1.5090-00 would follow, break there would provide confirmation.

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