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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 |
Daily Report: Yen and Euro Lower and Sentiments RecoveredAsian equities are broadly higher today as tensions in Ukraine eased for now. Nikkei rose 352.15 pts, or 2.38% to close at 15130.52, above 15000 handle again. Hong Kong HSI is also up over 300 pts at the time of writing. The positive sentiments followed the rebound in US equities on Friday after Russia said it had already finished the military exercises in southern Russia. And Russia is seeking to de-escalate the tensions. In the currency markets, major pairs and crosses are bounded in tight range as the week starts. yen and euro are generally lower while commodity currencies and sterling pared back some of last week's lost. |
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| Featured Technical Report | |
AUD/USD Daily OutlookDaily Pivots: (S1) 0.9247; (P) 0.9266; (R1) 0.9295; More... At this point, AUD/USD's correction from 0.9504 is expected to extend lower to 0.9211 support and below. We'd expect downside should be contained by 38.2% retracement of 0.8659 to 0.9504 at 0.9181 and bring rebound. Meanwhile, break of 0.9374 resistance will argue that AUD/USD has bottomed out in near term and will turn bias back to the upside for 0.9475/9504 resistance zone. |
| Economic Indicators Update |
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| Orders and Options Watch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency traded with a firm undertone as dollar remains weak across the board, sell orders are still noted at 1.3410-25 area, mixture of offers and stops remains at 1.3445-50, more stops are placed above 1.3460, but sell orders are still seen at 1.3470-80, followed by combination of offers and stops at 1.3490-10 area, selling interest is tipped at 1.3520-30. On the downside, bids remain at 1.3340-60 region and 1.3325 (barrier with stops below), fresh demand should emerge further out at 1.3300-10 with stops placed below another barrier at figure, some buy orders are tipped at 1.3285, 1.3265 and 1.3250. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea: EUR/GBP - Hold long entered at 0.7945The single currency found renewed buying interest at 0.7924 yesterday and has rallied since, retaining our bullish view that low has been formed at 0.7874 (as wave v trough) last month and upside bias remains for this erratic rise to bring retracement of recent decline to resistance at 0.8034 (previous 4th of a lesser degree) and possibly towards 0.8050 but reckon 0.8080 would limit upside and price would falter below 0.8100. Trade Idea: USD/CAD - Buy at 1.0850As the greenback has maintained a firm undertone, bullishness remains for recent rise from 1.0621 low (tentatively wave c trough) to bring at least a retracement of recent decline towards 1.1000, however, overbought condition should limit upside to 1.1050-60 and reckon 1.1090-00 would hold from here, risk from there has increased for a retreat to take place later. 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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