Friday, January 31, 2014

News Delivered To You: DailyFX For Beginners

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News Delivered To You: Daily Technical Analysis

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Action Insight Mid-Day Report 1-31-14

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Equities Lower as Emerging Market Worries Re-emerge, Euro Pressured by Weak CPI

European equities are generally down today as pressured once again by the developments in the emerging markets. DOW also points to a sharply lower open. The Turkish lira and South African rand are back under pressure with rand dropping as much as -1% against the dollar. Meanwhile, Russia reported that its economy grew 1.3% in 2013, at the slowest pace since 2009. That's also a sharp slowdown from 2012's 3.4% and missed consensus expectation of 1.5%. It was even below the Economy Ministry's estimate of 1.4%. In the currency markets, Aussie lost ground today and is now the weakest currency this week as risk aversion is back. Meanwhile, yen is seen firmer across the board together with dollar.

Full Report Here...


jpyvol.png
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Featured Technical Report

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3509; (P) 1.3587 (R1) 1.3631; More....

EUR/USD drops to as low as 1.3495 in early US session and the break of 1.3507 confirms resumption of decline from 1.3892. Such fall is viewed as a correction to rise from 1.2755. Intraday bias remains on the downside for 38.2% retracement of 1.2755 to 1.3892 at 1.3458. Break will target 50% retracement at 1.3324. On the upside, above 1.3572 minor resistance will turn bias neutral. But risk will stay on the downside as long as 1.3739 resistance holds.

Read more...

FX Outlook 2014

 

AUD's Weakness To Persist Amid Economic Headwinds

Recent price movements indicated that any rebound of AUDUSD is short-lived. Although rising inflation in Australia might provide short-term support to AUD, Australia's terms of trade should deteriorate further and downside risks related to Chinese growth should continue to weigh on the Aussie. There's no sign of a reversal of the AUDNZD downtrend as we enter 2014. Instead, the decline has perpetuated amid concerns over China's economic slowdown and speculations of rate hikes in RBNZ. With China's economic reform, which attempts to shift the balance of economic growth from investment to domestic demand, and the growing divergence between Australia and New Zealand on the economic prospects, we expect the downtrend of AUDNZD to continue this year

Read more...

Special Reports

Fed Tapers Further...

The Fed's move in January was widely anticipated. It decided to reduce monthly asset purchases by a further US$10B to US $65B, by reducing Treasury purchases to US$ 35B/month and MBS purchases to US$ 30B/month. The recent growth assessment was also upgraded. However, the policy statement was largely unchanged. The decision was made with unanimous support, the first time since June 2011.

Read more...

Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised
21:45 NZD Trade Balance (NZD) Dec 523M 500M 183M
23:15 JPY Nomura/JMMA Manufacturing PMI Jan 55.6 55.2
23:30 JPY Household Spending Y/Y Dec 0.70% 1.30% 0.20%
23:30 JPY Unemployment Rate Dec 3.70% 3.90% 4.00%
23:30 JPY National CPI Core Y/Y Dec 1.30% 1.20% 1.20%
23:30 JPY Tokyo CPI Core Y/Y Jan 0.70% 0.70% 0.70%
23:50 JPY Industrial Production M/M Dec P 1.10% 1.50% -0.10%
00:05 GBP GfK Consumer Sentiment Jan -7 -10 -13
05:00 JPY Housing Starts Y/Y Dec 18.00% 13.90% 14.10%
09:00 EUR Italian Unemployment Rate Dec P 12.70% 12.70% 12.70% 12.80%
10:00 EUR Eurozone Unemployment Rate Dec 12.00% 12.10% 12.10% 12.00%
10:00 EUR Eurozone CPI Estimate Y/Y Jan 0.70% 0.80% 0.80%
13:30 CAD GDP M/M Nov 0.20% 0.20% 0.30%
13:30 USD Employment Cost Index Q4 0.50% 0.40% 0.40%
13:30 USD Personal Income Dec 0.00% 0.20% 0.20%
13:30 USD Personal Spending Dec 0.40% 0.30% 0.50%
13:30 USD PCE Core M/M Dec 0.10% 0.10% 0.10%
13:30 USD PCE Core Y/Y Dec 1.20% 1.10%
14:45 USD Chicago PMI Jan 58 59.1
14:55 USD U. of Michigan Confidence Jan F 81 80.4
 
Forex Trade Ideas

Due to Chinese New Year holidays, next Candlestick and Ichimoku Trade Idea update will be made on Monday 3rd Feb 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

Technical Highlights

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Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong

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Thursday, January 30, 2014

Action Insight Daily Report 1-31-14

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: Yen Mildly Higher, Japan Inflation Hits Five Year High

DOW managed to recover overnight and closed higher by 109.82 pts, or 0.7% at 15848.61. But the mildly positive sentiment wasn't carried through to Asia. Japanese Nikkei is losing -190 pts, or -1.27%, at the timing of writing, trading below 15,000 handle again. Asian markets are relatively quiet elsewhere with China on new year holiday. In the forex markets, Yen is generally higher against other major currencies. In particular, EUR/JPY dips further to as low as 138.66 so far as recent decline extends. USD/JPY and GBP/JPY are soft but manage to stay in recent range. AUSD/USD once again find strong resistance at around 0.88 and weakens mildly.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

EUR/JPY Daily Outlook

Daily Pivots: (S1) 138.75; (P) 139.35; (R1) 139.80; More...

EUR/JPY's decline continues today and reaches as low as 138.66 so far. Intraday bias remains on the downside for 138.45. Break will put 135.50 key support level in focus. At this point, there is no clear sign of trend reversal yet. But sustained trading below the 55 days EMA, or break of 135.50 will be an important sign of medium term topping at 145.68. On the upside, break of 142.41 resistance is needed to confirm completion of fall from 145.68. Otherwise, outlook will stay mildly bearish.

Read more...

FX Outlook 2014

 

AUD's Weakness To Persist Amid Economic Headwinds

Recent price movements indicated that any rebound of AUDUSD is short-lived. Although rising inflation in Australia might provide short-term support to AUD, Australia's terms of trade should deteriorate further and downside risks related to Chinese growth should continue to weigh on the Aussie. There's no sign of a reversal of the AUDNZD downtrend as we enter 2014. Instead, the decline has perpetuated amid concerns over China's economic slowdown and speculations of rate hikes in RBNZ. With China's economic reform, which attempts to shift the balance of economic growth from investment to domestic demand, and the growing divergence between Australia and New Zealand on the economic prospects, we expect the downtrend of AUDNZD to continue this year

Read more...

Special Reports

Fed Tapers Further...

The Fed's move in January was widely anticipated. It decided to reduce monthly asset purchases by a further US$10B to US $65B, by reducing Treasury purchases to US$ 35B/month and MBS purchases to US$ 30B/month. The recent growth assessment was also upgraded. However, the policy statement was largely unchanged. The decision was made with unanimous support, the first time since June 2011.

Read more...

Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised
21:45 NZD Trade Balance (NZD) Dec 523M 500M 183M
23:15 JPY Nomura/JMMA Manufacturing PMI Jan 55.6 55.2
23:30 JPY Household Spending Y/Y Dec 0.70% 1.30% 0.20%
23:30 JPY Unemployment Rate Dec 3.70% 3.90% 4.00%
23:30 JPY National CPI Core Y/Y Dec 1.30% 1.20% 1.20%
23:30 JPY Tokyo CPI Core Y/Y Jan 0.70% 0.70% 0.70%
23:50 JPY Industrial Production M/M Dec P 1.10% 1.50% -0.10%
0:05 GBP GfK Consumer Sentiment Jan -7 -10 -13
5:00 JPY Housing Starts Y/Y Dec 18.00% 13.90% 14.10%
9:00 EUR Italian Unemployment Rate Dec P 12.70% 12.70%
10:00 EUR Eurozone Unemployment Rate Dec 12.10% 12.10%
10:00 EUR Eurozone CPI Estimate Y/Y Jan 0.80% 0.80%
13:30 CAD GDP M/M Nov 0.20% 0.30%
13:30 USD Employment Cost Index Q4 0.40% 0.40%
13:30 USD Personal Income Dec 0.20% 0.20%
13:30 USD Personal Spending Dec 0.30% 0.50%
13:30 USD PCE Core M/M Dec 0.10% 0.10%
13:30 USD PCE Core Y/Y Dec 1.10%
14:45 USD Chicago PMI Jan 58 59.1
14:55 USD U. of Michigan Confidence Jan F 81 80.4
 
Forex Trade Ideas

Due to Chinese New Year holidays, next Candlestick and Ichimoku Trade Idea update will be made on Monday 3rd Feb 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

Technical Highlights

INO TV Free

Forward this report to a friend!

This email was sent to wahdaz.r3alfor3x@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