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| 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 |
Mid-Day Report: Dollar Strengthens Mildly in Cautious MarketsDollar is back in the driving seat today and strengthens mildly against other major currencies. Though, it's overall bounded in familiar range and the current recovery could be just part of recent consolidative pattern. Traders would remain cautious ahead of the non-farm payroll report on Friday. Fed chair Janet Yellen will testify tomorrow but she may just reiterate the non-committal possibility of rate hike in December. Fed's decision will remain heavily data dependent. In other markets, US stocks open mildly lower as recent rally losses momentum. Gold extends recent decline and takes out 1130. Crude oil, on the other hand, is attempting for further rebound. |
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| Featured Technical Report | |
GBP/USD Mid-Day OutlookDaily Pivots: (S1) 1.5380; (P) 1.5438; (R1) 1.5473; More... GBP/USD lost momentum ahead of 1.5508 resistance and retreated. Intraday bias remains neutral for the moment. On the upside, break of 1.5508 resistance will extend the rise from 1.5106. But still, we'd maintain that near term risk stays on the downside as long as 1.5658 resistance holds. Fall from 1.5929 is mildly in favor to continue. Below 1.5241 will target a test on 1.5106 low first. However, decisive break of 1.5685 will confirm near term reversal and bring retest of 1.5929 instead. |
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| Orders and Options Watch | |||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency dropped today and bids at 1.0980 were filled but buy orders are still noted at 1.0950 and 1.0920, buying interest is tipped at 1.0900, 1.0885 and 1.0850, fresh demand should emerge around 1.0830 and 1.0800. On the upside, offers are seen at 1.0990-00 and 1.1025-30 and 1.1050, sell orders are expected at 1.1075-80, 1.1100 and 1.1130, selling interest is located at 1.1150, 1.1165 and 1.1180, mixture of offers and stops remains at 1.1200-10. | |||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/CHF - Buy at 0.9885As the greenback has rebounded after holding above support at 0.9836 (yesterday's low) and broke above indicated resistance at 0.9911, signaling the pullback from 0.9958 has ended at 0.9836 and bullishness remains for a retest of this level, above there would extend recent upmove to 0.9970-75, then towards psychological resistance at 1.0000 which is likely to hold Trade Idea Update: EUR/USD - Buy at 1.0935Euro's near term sideways trading is likely to continue but if our view that temporary low has been formed at 1.0897 last week is correct, downside should be limited to 1.0925-35 and bring another rebound, above 1.1073 (Friday's high) would add credence to this view and extend the rebound from 1.0897 to previous resistance at 1.1096, however, reckon upside would be limited to 1.1140-42 Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | |||||||||||||||||||||||||||||||||||
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Fundamental Highlights
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