 |  |
| 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: Risk Appetite Sent S&P 500 to Record, Yellen AwaitedRisk appetite was strong this week as S&P 500 finally surged to close at new record high of 1992.37. DIJA also reclaimed 17000 handle and closed at 17039.49. Asian equities, though, are mixed as Nikkei pared back earlier gains and is trading in red at the time of writing. In the currency markets, dollar is consolidating this week's FOMC minutes inspired gains for the moment and is staying firm against other major currencies. Investors are awaiting Fed chairman Yellen's speech in the annual Jackson Hole symposium today. Traders are looking for some additional bullets from Yellen to boost the greenback further higher. |
 |
| Featured Technical Report | |
AUD/USD Daily OutlookDaily Pivots: (S1) 0.9269; (P) 0.9293; (R1) 0.9312; More... AUD/USD recovers quickly after dipping to 0.9236 and intraday bias is trend neutral again. With 0.9346 resistance intact, another fall is still mildly in favor. The rejection from 55 days EMA raised the chance of deeper fall. Below 0.9236 will target 38.2% retracement of 0.8659 to 0.9504 at 0.9181 and possibly lower. Though, break of 0.9236 will indicate near term reversal and turn bias back to the upside for 0.9475/9504 resistance zone. |
| Economic Indicators Update |
| ||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||
| Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency traded narrowly after recovering from intra-day low of 1.3242, offers are still noted at 1.3280, 1.3300-10 (stops above) and 1.3325-30, more sell orders are tipped at 1.3350 and 1.3370, selling interest should emerge further out at 1.3385 and 1.3400-10. On the downside, some bids are seen at 1.3240-50, 1.3215-25 and 1.3200 with stops placed below barrier at figure, more buy orders are located at 1.3180 and 1.3150. | |||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea: USD/CAD - Buy at 1.0900Despite intra-day rise to 1.0987, lack of follow through buying on break of previous resistance at 1.0986 and current retreat suggest consolidation would be seen and pullback towards 1.0900-10 cannot be ruled out, however, support at 1.0860 should remain intact and bring another rise later, a firm break above said resistance would extend recent rise from 1.0621 low (tentatively wave c trough) for at least a correction of early decline to 1.1000. Trade Idea Wrap-up: GBP/USD - Sell at 1.6650Cable's recovery after intra-day fall to 1.6564 suggests minor consolidation above this level would be seen and corrective bounce to the Kijun-Sen (now at 1.6609) is likely, however, reckon upside would be limited to 1.6650 and bring another decline later, a break of said support would exxtend recent decline from 1.7192 top to 1.6540-50, however, loss of downward momentum should prevent sharp fall below 1.6500-10 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