Action Insight Mid-Day Report 7-15-14

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: Sterling Shone on CPI, Dollar Firm Despite Mixed Data Dollar is mildly higher in early US session against other major currencies except Sterling, despite mixed economic data. Retail sales rose 0.2% in June versus expectation of 0.6%. Ex-auto sales rose 0.4% versus expectation of 0.6%. Import price index rose 0.1% mom in June versus expectation of 0.3% mom. Nonetheless, empire state manufacturing index rose to 25.6 in July versus expectation of falling to 17.2. The focus will turn to Fed Chairman Janet Yellen's testimony before the Senate Banking Committee (The testimony the House Financial Services Committee would be held Wednesday). What the market is concerned the most is how the Fed would react, in terms of monetary policy, to the decline in the unemployment rate and the pickup in inflation, an indication of a growth economy. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.7053; (P) 1.7098; (R1) 1.7127; More... The strong rebound in GBP/USD today suggests that consolidation from 1.7179 is already finished at 1.7058. Intraday bias is cautiously on the upside for 1.7179 first. Break will resume the larger up trend and target t next key long term fibonacci level at 1.7332. We'd expect loss of momentum as it approaches this level and reverse from there. But also, considering bearish divergence condition in 4 hours MACD, break of 1.7058 should now indicate near term topping and turn bias to the downside for 1.6952 support. 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 23:01 GBP BRC Sales Monitor Y/Y Jun -0.80% 0.50% 01:30 AUD RBA Minutes 03:00 JPY BoJ Monetary Policy Statement 07:15 CHF Producer & Import Prices M/M Jun 0.00% 0.10% 0.10% 07:15 CHF Producer & Import Prices Y/Y Jun -0.80% -0.80% -0.80% 08:30 GBP CPI M/M Jun 0.20% -0.10% -0.10% 08:30 GBP CPI Y/Y Jun 1.90% 1.60% 1.50% 08:30 GBP Core CPI Y/Y Jun 2.00% 1.70% 1.60% 08:30 GBP RPI M/M Jun 0.20% -0.10% 0.10% 08:30 GBP RPI Y/Y Jun 2.60% 2.40% 2.40% 08:30 GBP PPI Input M/M Jun -0.80% 0.00% -0.90% 0.30% 08:30 GBP PPI Input Y/Y Jun -4.40% -4.50% -5.00% -3.80% 08:30 GBP PPI Output M/M Jun -0.20% 0.10% -0.10% 08:30 GBP PPI Output Y/Y Jun 0.20% 0.50% 0.50% 08:30 GBP PPI Output Core M/M Jun 0.00% 0.00% 0.00% 08:30 GBP PPI Output Core Y/Y Jun 1.00% 1.00% 1.00% 08:30 GBP DCLG UK House Prices Y/Y May 10.50% 10.20% 9.90% 09:00 EUR German ZEW (Economic Sentiment) Jul 27.1 30 29.8 09:00 EUR German ZEW (Current Situation) Jul 61.8 67.5 67.7 09:00 EUR Eurozone ZEW (Economic Sentiment) Jul 61.8 62.3 58.4 12:30 USD Advance Retail Sales Jun 0.20% 0.60% 0.30% 0.50% 12:30 USD Retail Sales Less Autos Jun 0.40% 0.60% 0.10% 0.40% 12:30 USD Empire State Manufacturing Jul 25.6 17.2 19.3 12:30 USD Import Price Index M/M Jun 0.10% 0.30% 0.10% 14:00 USD Business Inventories May 0.60% 0.60%
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 US Headline Retail Sales Growth Slowed in June But Control Sales Picked Up AUD/USD: Steady After RBA Minutes USDJPY: BOJ a Dud, but Yellen Could Shake Things Up Why Women are to Blame for Today's Spike in the Pound Forget Euro Sentiment, Yellen to Provide FX Direction EURCHF Inches Closer To The Floor Dollar Index Could Break Out On Yellen's Comments Technical Highlights Technical Overview - EURUSD, GBPUSD, USDJPY, NZDUSD, AUDUSD Nasdaq 100 in Focus ahead of Tech Earnings Dollar/Yen Climbs On BoJ Growth Warning EUR/USD Faces Tough Resistance

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