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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 |
Daily Report: Markets Staying in Holiday Consolidations, Fed Hawks SpokeMarkets are engaging in quiet holiday trading so far this week. Commodity currencies attempted to recovery but so far, Canadian dollar and Australia dollar are both held below near term resistance level. The greenback continues to stay in tight range against European majors and the Japanese yen. Technically, note that EUR/USD is holding above 1.3621 minor support for the moment. GBP/USD is also staying above 1.6216. Thus, near term outlook in both pair remains mildly bullish. Yen crosses are also holding above near term support levels with outlook staying mildly bullish. |
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| Featured Technical Report | |
AUD/USD Daily OutlookDaily Pivots: (S1) 0.8916; (P) 0.8936; (R1) 0.8957; More... Intraday bias in AUD/USD is neutral for the moment. With 0.8986 minor resistance intact, near term outlook stays mildly bearish. Sustained break of 0.8847 will pave the way to next medium term fibonacci level at 0.8544. However, considering bullish convergence condition in 4 hours MACD, break of 0.8986 will argue that a short term bottom is formed and will turn bias back to the upside for rebound to 0.9166 resistance and above. |
| Economic Indicators Update |
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Remark: Due to X'mas and New Year holidays, next Candlestick and Ichimoku Trade Idea update will be made on 2nd Jan 2014 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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