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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: USD/JPY Extends Rally and Hits Five Year HighUSD/JPY extends recent up trend and makes another five year high today on broad based weakness in the Japanese yen. The theme for yen is unchanged as markets continue to expect another round of monetary easing from BoJ next year, possibly around April. Such expectation of lift Japanese stocks with Nikkei climbing over 90 pts at the time of writing. The index is set to end the year up more than 55% to mark the biggest annual rally since 1972. Elsewhere, markets are relatively steady in another holiday shortened week. European majors spiked higher on Friday against dollar but quickly retreated. Euro, Sterling and Swiss Franc are staying in tight range against the greenback in Asian session so far. |
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| Featured Technical Report | |
USD/JPY Daily OutlookDaily Pivots: (S1) 104.80; (P) 104.99; (R1) 105.34; More... USD/JPY's rally extends today and intraday bias remains on the upside. Current up trend from 75.56 is still in progress and should target 38.2% projection of 77.13 to 103.73 from 96.56 at 106.72 next. On the downside, below 104.63 minor support will turn bias neutral and bring consolidations. But in case of deep retreat, strong support should be seen from 102.49/103.37 support zone to bring another rally. |
| 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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