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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: Dollar Firm ahead of Employment DataTraders are cautiously awaiting the employment data from US today. DOW edged up to historical intraday high overnight at 16604.15 but pared gains to close nearly flat at 16572.55. S&P 500 also hit new high at 1893.8 but closed mildly lower at 1888.77. Dollar maintains the post ECB gains against while dollar index is consolidating above 80.5 after taking out 80.35 resistance yesterday. Economists are expecting NFP to show 190k growth in March while unemployment rate is expected to drop to 6.6%. |
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| Featured Technical Report | |
AUD/USD Daily OutlookDaily Pivots: (S1) 0.9206; (P) 0.9230; (R1) 0.9254; More... Consolidation from 0.9303 temporary top is still in progress and intraday bias remains neutral. While deeper retreat cannot be ruled out, we'd expect downside to be contained by 0.9137 support and bring another rise. Current rally is expected to extend through 100% projection of 0.8659 to 0.9080 from 0.8890 at 0.9311 to 161.8% projection at 0.9571, which is close to a larger retracement level at 0.9583. |
| Economic Indicators Update |
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| Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency collapsed on comments from Draghi as he said ECB had a rich discussion on rates and QE, bids at 1.3750, 1.3725-35 and 1.3710 were filled, some buy orders are reported at 1.3695-00, fresh buying interest is expected at 1.3660-70 with bigger stops placed below 1.3650. On the upside, offers are lowered to 1.3740-50 and 1.3770, more sell orders are tipped at 1.3790-00 and in good size from 1.3820 up to 1.3850 (stops above latter level), mixtures of offers and stops are located at 1.3870 and 1.3900. | |||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Wrap-up: EUR/USD - Sell at 1.3750Despite intra-day brief bounce to 1.3807, the single currency met renewed selling interest there and has dropped again, retaining our bearishness for recent decline from 1.3967 top to resume, below 1.3695-00 would confirm and extend weakness to 1.3660-65 (61.8% Fibonacci retracement of 1.3477-1.3967) but reckon 1.3635-40 would hold from here Trade Idea Wrap-up: USD/CHF - Buy at 0.8880Despite intra-day brief drop to 0.8844, dollar found decent demand there and has rallied above previous resistance at 0.8899, adding credence to our bullish view for the rise from 0.8699 low to resume and further gain to 0.8930-35 (previous resistance and 61.8% Fibonacci retracement of 0.9082-0.8699) would be seen, above there would extend gain to 0.8960 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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