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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 |
Mid-Day Report: Consolidative Trading Continues in Quiet Day, Busy Week aheadThe financial markets remained steady in a quiet day today. European indices fluctuated between gain and loss so far. Meanwhile, US stocks also opened nearly flat, struggling below 17000 handle at the time of writing. 30 year yield is stuck in in tight range near to last week's low of 3.239 while 10 year yield is hovering around 2.480. The dollar index is mildly lower today as the greenback pared back some of recent gains but it's staying firm around 81.0 handle for the moment. in the currency markets, all major pairs are struggling in tight range for the moment with New Zealand dollar staying the weakest, followed by the greenback. Aussie is the firmest one followed by Sterling. But overall, there is no meaningful moves so far. |
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| Featured Technical Report | |
USD/JPY Mid-Day OutlookDaily Pivots: (S1) 101.72; (P) 101.82; (R1) 101.94; More... USD/JPY lose some upside momentum today. But with with 101.60 minor support intact, further rise is in favor for 102.26 resistance. The choppy fall from 102.79 has completed at 101.06 already. Break of 102.26 will confirm this bullish case and target 102.79 resistance and above. Overall, the pair is still bounded in the sideway pattern from 100.75 and we'd expect more sideway trading ahead. On the downside, below 101.60 minor support will turn bias back to the downside. |
| Economic Indicators Update |
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| Orders and Options Watch | |||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency remained confined to narrow range as traders await US data and upcoming key events this week, buy orders are still noted at 1.3415-20, mixture of bids and stops is located at 1.3400 barrier, more buying interest is expected at 1.3370-80 and 1.3350. On the upside, offers are lowered to 1.3450-70, 1.3475-85 and 1.3500, more sell orders are tipped at 1.3520-30 and 1.3545-50, fresh selling interest is tipped at 1.3555-80 area (stops above) and 1.3600-10. | |||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||
Trade Idea: EUR/JPY - Buy at 136.70Although the single currency retreated after last week's rebound to 137.25, as long as last week's low at 136.37 holds, consolidation with mild upside bias is seen for another rebound, above said resistance would suggest low is possibly formed, bring test of 137.90-00 and then towards resistance at 138.45 which is likely to hold from here, bring another selloff later. Trade Idea Update: GBP/USD - Sell at 1.7050As cable has recovered after Friday's marginal fall to 1.6961, suggesting minor consolidation would be seen and corrective bounce to 1.7000 cannot be ruled out, however, reckon 1.7050-55 would limit upside and bring another decline later, a break of said support would extend the fall from 1.7192 for retracement of recent upmove to previous support at 1.6952, break there would bring further weakness towards 1.6925-30 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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