Action Insight Daily Report 7-18-14

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: Yen Retreats after Risk Aversion Rally Yen surged overnight on risk aversion as markets were concerned with geopolitical tensions in Ukraine and the Gaza. The news that a Malaysian airline plane was shot down over eastern Ukraine sent DOW down -161.39 pts, or -0.94% to close at 16976.81, back below 17000 handle. Asian equities followed and opened lower today but the yen pared back some of the gains. Dollar stayed firm against European majors as commodity currencies. In other markets, Gold rebounded strongly from below 1300 and breached 1320, now trading at 1313. Crude oil also jumped from around 99 level and is now challenging 104. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 136.59; (P) 137.06; (R1) 137.32; More... EUR/JPY drops to as low as 136.71 so far and intraday bias remains on the downside. The cross is in the third leg of the pattern from 145.68 and should target 136.22 support. On the upside, above 137.49 minor resistance will turn bias neutral and bring consolidations before staging another decline. 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 08:00 EUR Eurozone Current Account (EUR) May 24.3B 21.5B 12:30 CAD Wholesale Sales M/M May 0.70% 1.20% 12:30 CAD CPI M/M Jun 0.10% 0.50% 12:30 CAD CPI Y/Y Jun 2.40% 2.30% 12:30 CAD BoC CPI Core M/M Jun -0.10% 0.50% 12:30 CAD BoC CPI Core Y/Y Jun 1.70% 1.70% 13:55 USD U. of Michigan Confidence Jul P 83 82.5 14:00 USD Leading Indicators Jun 0.50% 0.50%
Forex Trade Ideas
Remark: Due to holiday next week, next Candlestick and Ichimoku Trade Idea update will be made on 21 July (Monday). 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: China Property Price Growth Slows Further USDCAD: Canadian Inflation Figures Dictate MH17 Crash Hits Markets As Stocks And Aussie Dollar Fall And Bonds Rally Technical Highlights The Daily Forecaster: USDJPY AUDJPY Rebounds, But Will It Last? USDRUB Breaks Bearish Channel On Geopolitical Concerns GBPUSD - Faces Bearish Threats

Forward this report to a friend! This email was sent to wahdaz.r3alfor3x@blogger.com by contact@actionforex.com |   Update Profile/Email Address | Rapid 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