 |  |
| 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 Mixed as Traders Await Fedspeaks, Yen and Aussie FirmDollar remains mixed in early US session as traders await speeches from a number of Fed officials. The greenback stays firm against European majors, which are broadly pressured. Meanwhile, dollar is soft against yen and aussie. Markets are trying to reverse year ends moves. And in particular, it should be noted if the pull back in US equities indices and yen cross would gather steam in near term. In a conference at the American Economic Association, Fed chairman Bernanke, Philadelphia Fed Plosser, and Fed governor Stein are scheduled to speak today. New York Fed Dudley, Minneapolis Fed Kocherlakota and Boston Fed Rosengren will participate in a panel discussion during the weekend. And Richmond Fed Lacker will speak in another occasion in Baltimore. Senate is set to vote on Janet Yellen's nomination as next Fed Chairman on Monday. The current vice chairman Yellen is expected to pass the vote easily and would become the first woman to chair Fed. She will take the reins on February first as Bernanke steps down on January 31. |
 |
| Featured Technical Report | |
USD/JPY Mid-Day OutlookDaily Pivots: (S1) 104.41; (P) 104.92; (R1) 105.30; More... USD/JPY's consolidative trading from 105.41 is still in progress and intraday bias remains neutral. Note again he pair is staying inside near term rising channel and 103.37 resistance turned support. Near term outlook stays bullish and another rally remains in favor. Above 105.41 will target 38.2% projection of 77.13 to 103.73 from 96.56 at 106.72 next. Though, considering mild bearish divergence condition in 4 hours MACD, break of 103.37 will bring deeper pull back to 102.49 support and below. |
| Economic Indicators Update |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency extended the decline from 1.3894 in NY morning, bids at 1.3625-30 and stops below there were cleared, however, indicated demand remain at 1.3600-05 (more stop orders placed below), buy orders are expected further out at 1.3550-60 with bigger stops building up below 1.3520. On the upside, offers are lowered to 1.3660-70 (stops above 1.3680), 1.3690-00 and in good size at 1.3725-30 with stops building up above 1.3750 and 1.3780, sizeable sell orders remain at 1.3795-00, combination of offers and stops is located at 1.3820. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/CHF - Buy at 0.8935As the greenback has maintained a firm undertone after yesterday's rally above previous resistance at 0.9000, adding credence to our view that a temporary low has been formed at 0.8799 earlier, hence consolidation with upside bias remains for correction of recent decline to 0.9040-50, however, near term overbought condition should prevent sharp move beyond 0.9077 Trade Idea Update: EUR/USD - Hold short entered at 1.3725Yesterday's selloff together with the breach of previous support at 1.3655 add credence to our view that top has been formed at 1.3894 late last week and mild downside bias remains for correction of recent upmove to another previous support at 1.3625 but a firm break below there is needed to retain bearishness Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Suggested Readings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fundamental Highlights
Technical Highlights | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
  |
| ||||||||
No comments:
Post a Comment