 |  |
| 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 Aversions Back on Ukraine TensionTensions over the situation in Ukraine sent US equities lower overnight as DJIA and S&P 500 extended recent decline. DJIA lost -139.81 pts, or -0.84% to close at 16429.47 while S&P 500 lost -18.78 pts, or -0.97% to close at 1920.21. Both took out last week's low. Weakness in risk sentiments carried on in Asia and dragged down major indices. Dollar index, on the other hand, extended recent rally and reached as high as 81.62, taking out last week's high, and is now trading firmly above 81.5. It's reported that Russian president Putin ordered Kremlin to prepare retaliatory measures against US and Europe on the sanctions imposed on Russia last week. Meanwhile, Foreign ministry said that eastern Ukraine is now on the verge of a "humanitarian catastrophe" as it would push for an international mission to help civilians flee the fighting. Meanwhile, it's reported that Russia massed forces on the border in the biggest military buildup since May. |
 |
| Featured Technical Report | |
USD/CAD Daily OutlookDaily Pivots: (S1) 1.0917; (P) 1.0946; (R1) 1.0990; More... USD/CAD's rally from 1.0620 resumed after brief consolidations and breached 1.0960 resistance. As noted before, the corrective decline from 1.1278 has completed at 1.0620 ahead of 1.0608 key cluster support and long term trend line. Rise from there should now extend back to retest 1.1278 high. On the downside, below 1.0903 support will indicate short term topping and bring consolidations. But downside should be contained well above 1.0793 resistance turned support and bring rally resumption. |
| Economic Indicators Update |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Orders and Options Watch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency slipped today on soft EU data plus upbeat US ISM data, bids and stops at 1.3400, 1.3385-90 and 1.3375 were tripped, buy orders in good size are still noted at 1.3365, stops are building up below 1.3350 barrier, fresh demand should emerge around 1.3325 and further out at 1.3300-10 with stops placed below another barrier at figure. On the upside, offers are lowered to 1.3395-00 and 1.3420-25, more sell orders are tipped at 1.3445-50, more stops are placed above 1.3460 but selling interest is expected at 1.3470-80, followed by combination of offers and stops at 1.3490-10 area. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea: USD/CAD - Buy at 1.0850As the greenback has continued to move higher after brief pullback, adding credence to our bullishness and upside bias remains for recent upmove from 1.0621 low (tentatively wave c trough) to bring at least a retracement of recent decline towards 1.0990-00, however, overbought condition should limit upside and reckon 1.1050-60 would hold from here, risk from there has increased for a retreat later Trade Idea: EUR/GBP - Hold long entered at 0.7945Failure to extend last week's rise and current sharp retreat suggest caution on our bullish view that a temporary low has been formed at 0.7874 last month and 0.7904 support needs to hold to retain prospect of another rebound, above last week's high at 0.7985 would add credence to our bullish scenario and bring correction to 0.8000, above there would signal wave v has possibly ended at 0.7874 and bring test of resistance at 0.8034 (previous 4th of a lesser degree) 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