Action Insight Mid-Day Report 12-27-13

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 Tumbled Against Europeans on Thin Trading European majors jump broadly, and sharply in thin markets today. There are a couple of factors including safe haven flow as Turkish Lira tumbled to record low against the common currency under political pressure. Also, there are talks that banks are adjusting their positions ahead of year end for ECB's asset-quality review. ECB governing council member, Bundesbank chief Weidmann also said that low price pressures "cannot be a licence for arbitrary monetary easing" and ECB must be sure to "raise rates at the right time should inflation pressure mount". The comment provided additional support to Euro. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.6357; (P) 1.6397; (R1) 1.6449; More... GBP/USD surges sharply to as high as 1.6577 so far today and the strong break of 1.6484 resistance confirms resumption of larger rally. Intraday bias is back on the upside and current rise should now target 61.8% projection of 1.4813 to 1.6259 from 1.5853 at 1.6747, which is close to 1.6476 next medium term resistance. On the downside, break of 1.6322 support is needed to confirm short term topping. Otherwise, outlook will stay bullish in case of retreat. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised 23:15 JPY Nomura/JMMA Manufacturing PMI Dec 55.2 55.1 23:30 JPY Household Spending Y/Y Nov 0.20% 1.90% 0.90% 23:30 JPY Unemployment Rate Nov 4.00% 3.90% 4.00% 23:30 JPY National CPI Core Y/Y Nov 1.20% 1.10% 0.90% 23:30 JPY Tokyo CPI Core Y/Y Dec 0.70% 0.70% 0.60% 23:50 JPY Industrial Production M/M Nov P 0.10% 0.60% 0.50% 23:50 JPY Retail Trade Y/Y Nov 4.00% 2.90% 2.30% 2.40% 01:30 JPY Labor Cash Earnings Y/Y Nov 0.50% 0.40% 0.10% -0.10% 15:30 USD Natural Gas Storage -285B 16:00 USD Crude Oil Inventories -2.9M
Forex Trade Ideas
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): 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 GBP/USD - Post-Christmas Rally Continues As Pound Soars USD/JPY - Little Movement As Japan Posts Mixed Numbers TRY Collapses as Political Crisis Unfolds European Market Update: Yields Drift Higher into Year-end Euro Climbs To 1.38 in Thin Trade Technical Highlights CADCHF: Technical Outlook USDCHF: Sells Off, Pressure Builds On The 0.8831 Level EURGBP and EURJPY: Technical Outlook US10Y - 3% Line In The Sand To be Tested Again

Forward this report to a friend! This email was sent to wahdaz.r3alfor3x@blogger.com by contact@actionforex.com |   Update Profile/Email Address | Instant removal with SafeUnsubscribe™ | Privacy Policy. Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong