Action Insight Daily Report 7-1-14

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: Aussie Higher as RBA on Hold, Manufacturing Data Watched Aussie strengthens mildly after RBA left rates unchanged at 2.50% as widely expected. The central bank reiterated in the accompanying statement that "the most prudent course is likely to be a period of stability in interest rates." Regarding the economy, it expected growth to remain "a little below trend over the year ahead". Inflation is expected to "remain consistent with the target over the next one to two years, even with lower levels of the exchange rate." Overall, the accompany statement is like the carbon copy of the prior one. AUD/USD took out last week's high of 0.9446 and should head for a test on key near term resistance at 0.9460. Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.9400; (P) 0.9419; (R1) 0.9451; More... AUD/USD resumes the rise from 0.9211 today and is heading back to 0.9460 key resistance. We'd stay cautious on reversal from 0.9460 to extend the near term sideway pattern. And, break of 0.9353 will turn bias back to the downside for 0.9211 support and below. However, decisive break of 0.9460 will confirm resumption of whole rally from 0.8659 and should then target medium term fibonacci level at 0.9583. 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 23:50 JPY Tankan Large Manufacturers Index Q2 12 16 17 23:50 JPY Tankan Non-Manufacturing Index Q2 19 19 24 1:00 CNY Manufacturing PMI Jun 51 51 50.8 1:30 JPY Labor Cash Earnings Y/Y May 0.80% 0.80% 0.90% 0.70% 1:45 CNY HSBC China Manufacturing PMI Jun F 50.7 50.8 50.8 4:30 AUD RBA Rate Decision 2.50% 2.50% 2.50% 7:30 CHF SVME-PMIs Index Jun 52.6 52.5 7:45 EUR Italian Manufacturing PMI Jun 53.5 53.2 7:55 EUR German Unemployment Change Jun -9K 24K 7:55 EUR German Unemployment Rate Jun 6.70% 6.70% 8:00 EUR Eurozone Manufacturing PMI Jun F 51.9 51.9 8:30 GBP Manufacturing PMI Jun 56.7 57 9:00 EUR Eurozone Unemployment Rate May 11.70% 11.70% 14:00 USD ISM Manufacturing Jun 55.5 55.4 14:00 USD ISM Prices Paid Jun 60 60 14:00 USD Construction Spending M/M May 0.50% 0.20%
Orders and Options Watch
US Session: Orders and Options Watch EUR: The single currency continued to move higher and mixture of offers and stops at 1.3670-75 (stops above) is in focus, however, sell orders are still noted at 1.3690-00, sizeable selling interest is expected at 1.3690-00 with more stops tipped above 1.3705, sellers are waiting further out at 1.3725-30 and 1.3750-60. On the downside, bids remain at 1.3640 and 1.3600-10, good size buy orders remain at 1.3570-75 and 1.3545-50, more buying interest is located at 1.3520-30, followed by mixture of bids and stops at 1.3500-10. Read more...
Forex Trade Ideas
Trade Idea: USD/CAD - Sell at 1.0750 or buy at 1.0610 As the greenback has remained under pressure, suggesting near term downside risk remains for recent decline from 1.1279 top to extend further weakness to 1.0630-35 (100% projection of 1.1279-1.0858 measuring from 1.1053), however, loss of downward momentum should limit downside to 1.0605-10 (61.8% Fibonacci retracement of 1.0190-1.1279) and bring rebound later. Above 1.0700 would bring recovery to 1.0750-52 where renewed selling interest should emerge and bring such a decline. Read more... Trade Idea: EUR/GBP - Sell at 0.8100 Euro's recovery from 0.7983 has retained our view that further consolidation above recent low of 0.7959 would be seen and break of last week's high of 0.8034 would bring another corrective rise in wave iv to 0.8060, however, reckon 0.8100 would limit upside and bring another decline. A break of said support at 0.7983 would bring weakness to 0.7969 but only break of said recent low at 0.7959 would confirm decline has resumed in wave v of iii Read more... 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 Asian Market Update: Japan Q2 Tankan Meets Estimates RBA Keeps Interest Rate At 2.50% EM Rundown: Yuan-A See A Rally? US Dollar Gets Pollaxed As Low Volatility Aids Buyers. RBA Key For Aussie Technical Highlights Euro/Dollar Steps Up In The New Quarter AUD/USD - Attraction To Around 0.9425 Becoming Obsessive Daily Forex Update: EUR/USD EURGBP: Downtrend Set To Resume As Sterling Sparkles GBPJPY: Pound Gathers Strength

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

Action Insight Mid-Day Report 6-30-14

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 Mildly Lower But Stays in Range Dollar is mildly lower against European majors today in otherwise rather dull markets. USD/CHF's break of 0.8907 support last week was taken as a sign of weakness of the greenback. However, EUR/USD and GBP/USD are still held below near term resistance of 1.3676 and 1.7062 respectively. Thus, there is no confirmation in the selloff in dollar yet. The greenback will face tests from some important economic data in a holiday shortened week this week. And that include ISM indices as well as the non-farm payroll report. We might see dollar's decline gather some momentum should there be disappointments in the data. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.7008; (P) 1.7030; (R1) 1.7053; More... GBP/USD rises mildly today but stays in range of 1.6918/7062 and intraday bias remains neutral. As long as 1.6918 support holds, further rally is still expected. Above 1.7062 will target next key long term fibonacci level at 1.7332. We'd expect loss of momentum as it approaches this level and reverse from there. On the downside, break of 1.6918 will be the first sign of trend reversal and will turn bias to the downside for 1.6692 support for confirmation. 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 22:45 NZD Building Permits M/M May -4.60% 1.50% 1.90% 23:50 JPY Industrial Production M/M May P 0.50% 0.90% -2.80% 01:00 NZD NBNZ Business Confidence Jun 42.8 53.5 06:00 JPY Housing Starts Y/Y May -15.00% -10.10% -3.30% 08:00 EUR Eurozone M3 Y/Y May 1.00% 0.70% 0.80% 0.70% 08:30 GBP Mortgage Approvals May 62K 62K 62.9K 08:30 GBP M4 Money Supply M/M May -0.10% 0.20% -0.20% 09:00 EUR Eurozone CPI Estimate Y/Y Jun 0.50% 0.60% 0.50% 09:00 EUR Eurozone CPI - Core Y/Y Jun A 0.80% 0.70% 0.70% 12:30 CAD GDP M/M Apr 0.10% 0.20% 0.10% 13:45 USD Chicago PMI Jun 62.6 63.2 65.5 14:00 USD Pending Home Sales M/M May 6.1% 1.40% 0.40%
Orders and Options Watch
US Session: Orders and Options Watch EUR: The single currency continued to move higher and mixture of offers and stops at 1.3670-75 (stops above) is in focus, however, sell orders are still noted at 1.3690-00, sizeable selling interest is expected at 1.3690-00 with more stops tipped above 1.3705, sellers are waiting further out at 1.3725-30 and 1.3750-60. On the downside, bids remain at 1.3640 and 1.3600-10, good size buy orders remain at 1.3570-75 and 1.3545-50, more buying interest is located at 1.3520-30, followed by mixture of bids and stops at 1.3500-10. Read more...
Forex Trade Ideas
Trade Idea Update: GBP/USD - Buy at 1.6985 As the British pound has risen again after holding above Friday's low of 1.7007. suggesting recent upmove is still in progress and may extend further gain to 1.7090-95 (61.8% projection of 1.6738-1.7011 measuring from 1.6922), then towards 1.7105-15 before correction, however, near term overbought condition should prevent sharp move beyond 1.7130 and reckon 1.7150 would hold from here, bring retreat later. Read more... Trade Idea Update: USD/CHF - Sell at 0.8920 Current breach of previous support at 0.8908 suggests the erratic decline from 0.9037 top is still in progress and downside bias remains for this move to bring retracement of early rise to support at 0.8883, then towards 0.8850, however, near term oversold condition should limit downside to 0.8820 and  reckon minor support at 0.8800 would remain intact, bring rebound later. Read more... 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 USD/JPY - Yen Stable on Improved Japanese Manufacturing Data Canadian April GDP Rises Modestly Euro Inflation Remained Low at 0.5% y/y in June - We Expect it to Stay Low Until Q4 Four Problems Facing the ECB When Will The EUR Become Exhausted? Soft Inflation Estimates Boost EUR-Demand, AUD Flat Technical Highlights Market Fireworks Coming Before Independence Day for AUDUSD USDCAD - Triggers Corrective Recovery USDCAD Could Recover In This Week From Around 1.0650 USD INDEX Breaks Out Of 5-Week Range

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

Action Insight Daily Report 6-30-14

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: Euro Stays Weak ahead of Inflation Data Dollar and euro are set to be the weakest major currencies in June. Euro will first face the test from inflation data again while dollar will face tests from ISM indices and employment data later in the week. Eurozone CPI is expected to rise from 0.5% yoy to 0.6% yoy in June. Core CPI is expected to be unchanged at 0.7% yoy. Eurozone will also release M3 money supply. ECB launched a package of stimulus measures earlier this month. However, persistently low inflation reading could force ECB into quantitative easing later this year. Meanwhile, ECB executive board member Mersch said over the week end that there is "no enhanced or acute deflationary threat". He noted that what the central saw was a "longer period of very low inflation" only. Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.9405; (P) 0.9422; (R1) 0.9440; More... AUD/USD weakens mildly today and is staying in range below 0.9446. Intraday bias remains neutral first. On the downside, break of 0.9321 will indicate that the sideway pattern from 0.9460 has started another falling leg and will turn bias to the downside for 0.9210 and below. In that case, strong support should be seen at 38.2% retracement of 0.8659 to 0.9460 at 0.9154 and bring rally resumption. On the upside, we'd stay cautious on reversal from 0.9460 resistance. But decisive break there will resume whole rally from 0.8659. 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
22:45 NZD Building Permits M/M May -4.60% 1.50% 1.90% 23:50 JPY Industrial Production M/M May P 0.50% 0.90% -2.80% 1:00 NZD NBNZ Business Confidence Jun 42.8 53.5 6:00 JPY Housing Starts Y/Y May -15.00% -10.10% -3.30% 8:00 EUR Eurozone M3 Y/Y May 0.70% 0.80% 8:30 GBP Mortgage Approvals May 62K 62.9K 8:30 GBP M4 Money Supply M/M May 0.20% -0.20% 9:00 EUR Eurozone CPI Estimate Y/Y Jun 0.60% 0.50% 9:00 EUR Eurozone CPI - Core Y/Y Jun A 0.70% 0.70% 12:30 CAD GDP M/M Apr 0.20% 0.10% 13:45 USD Chicago PMI Jun 63.2 65.5 14:00 USD Pending Home Sales M/M May 1.40% 0.40%
Orders and Options Watch
US Session: Orders and Options Watch JPY: Dollar remained confined in narrow range, buy orders are still noted at 101.25 and 101.00, fresh demand should emerge around 100.75-85 (stops below) and 100.50. On the upside, offers are lowered to 101.50 and 101.70, sell orders in good size are expected at 101.90-102.00 and from 102.20 up to 102.50 (stops above), more selling interest should emerge around 102.65, 102.80-85 and 102.90-103.00 with stops building up above figure. Read more...
Forex Trade Ideas
Trade Idea: EUR/GBP - Sell at 0.8100 Despite yesterday's retreat to 0.7983, as the single currency found support there and has recovered, retaining our view that further consolidation above recent low of 0.7959 would be seen and break of this week's high of 0.8034 would bring another corrective rise in wave iv to 0.8060, however, reckon 0.8100 would limit upside and bring another decline. A break of yesterday's low of 0.7983 would bring weakness to 0.7969 but only break of said recent low at 0.7959 would confirm decline has resumed in wave v of iii Read more... Trade Idea: USD/CAD - Sell at 1.0750 As the greenback has fallen again after meeting renewed selling interest at 1.0752 earlier this week, suggesting recent decline from 1.1279 top is still in progress and may extend weakness to 1.0630-35 (100% projection of 1.1279-1.0858 measuring from 1.1053) is likely, however, loss of downward momentum should limit downside to 1.0605-10 (61.8% Fibonacci retracement of 1.0190-1.1279) and bring rebound later Read more... 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 Loonie Extends Gains Pre-GDP, EUR, AUD Wait For Policy Verdict Trade-Weighted Dollar At One-Month Low AUDUSD Hits The Ceiling The Euro's Big Week Ahead Asian Market Update: Australia Sequential New Home Sales And Inflation Retreat, NZD Slumps On ANZ Business Confidence Drop The Fate Of A$ Lies With China PMI And RBA Tomorrow Technical Highlights USD INDEX Breaks Out Of 5-Week Range The Daily Forecaster: USDJPY AUD/USD – Runs Into Wall Of Resistance At 0.9425 Again Australia 200 - Looks To Return To Resistance At 5500 GOLD - Continues To Consolidate But Vulnerable

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