 |  |
| 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: Markets to Stay in Consolidation in a Quiet DayThe forex markets are rather steady as the week opens. Yen is mildly lower against the greenback as Asian stocks recovered. Japanese Nikkei is up 132 pts, or 0.88% while Hong Kong HSI is up 107 pts, or 0.46%. It looks like the yen is having some difficulty to extend last week's rally for the moment and we'd probably see some consolidations. Elsewhere, European majors are also mixed against the greenback as recent consolidations continue. The economic calendar is rather light today. Japanese industrial production was revised to 0.7% mom in May. Eurozone will release industrial production later today and is expected to show 0.3% mom growth in May. ECB president Draghi will speak. With the lack of important events, we'd likely see some more consolidation ahead. |
 |
| Featured Technical Report | |
USD/JPY Mid-Day OutlookDaily Pivots: (S1) 101.21; (P) 101.29; (R1) 101.38; More... As noted before, current development suggests that the consolidation pattern from 100.75 is still in progress and USD/JPY is not ready to take out 100.62/85 key support zone yet. intraday bias is mildly on the upside for 102.26 resistance first. Break will target 102.79 and above. Meanwhile, below 101.06 will turn focus back to 100.65/82 support zone. |
| Economic Indicators Update |
| ||||||||||||||||||||
| |||||||||||||||||||||
| 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): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | |||||||||||||||||||||
| Suggested Readings | |||||||||||||||||||||
Fundamental Highlights
Technical Highlights | |||||||||||||||||||||
  |
| ||||||||
No comments:
Post a Comment