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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: Commodity Currencies Retreated on Risk AversionVolatilities in US equities continued overnight with DOW closing down 266.96 pts, or -1.62% while S&P 500 closed down -39.1 pts or -2.09%. NASDAQ also dropped -129.79 pts, or -3.1%. Both S&P 500 and NASDAQ made new lows while DOW is staying in recent range. Treasury yields seemed to be finally gather momentum with 30 year yield closing at 3.503 while 10 year yield closing at 2.628. Asian equities followed with, in particular, Nikkei dropping over -300 pts and broke 14000 handle to a six-month low. Risk aversion sent Aussie and Loonie mildly lower against dollar. And, the greenback stays weak against Euro and Swiss Franc. However, risk aversion had little impact on yen crosses as they're mostly stuck in tight range. |
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| Featured Technical Report | |
EUR/USD Daily OutlookDaily Pivots: (S1) 1.3848; (P) 1.3873 (R1) 1.3911; More.... EUR/USD's rise from 1.3673 is still in progress and intraday bias remains on the upside for 1.3966 resistance. Whole rise from 1.2755 should be resuming and break of 1.3966 will target 100% projection of 1.3476 to 1.3966 from 1.3673 at 1.4163. On the downside, below 1.3835 minor support will turn bias neutral and bring consolidations. But outlook will stay bullish as long as 1.3673 support holds. |
| Economic Indicators Update |
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| Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency maintained a firm undertone near 2-week high, however, offers are still noted at 1.3875 and 1.3890-00 with stops placed above figure, more selling interest is tipped at 1.3925 and further out at 1.3940-50. On the downside, bids remain at 1.3835 and from 1.3820 down to 1.3800, more buy orders are located at 1.3775-85 and 1.3750. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea: EUR/GBP - Buy at 0.8255As the single currency has rebounded after holding above yesterday's low of 0.8231, suggesting consolidation above this level would be seen and test of resistance at 0.8285 is likely, however, break of resistance at 0.8315 (last week's high) is needed to confirm, bring a stronger rebound to previous support at 0.8325-30, above there would suggest recent decline has ended and further gain to 0.8370 would follow Trade Idea: USD/CAD - Hold long entered at 1.0890Despite intra-day fall to 1.0858, as this move is viewed as the final leg of the fall from 1.1279 top (wave (v) of iii and is either the first leg or the entire wave iv from 1.1279), downside should be limited and reckon 1.0850 would hold, bring rebound later, above 1.0940-45 would bring test of 1.1010, break there would suggest low is possibly formed, then gain to 1.1045-50 would follow Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fundamental Highlights
Technical Highlights
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