 |  |
| 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: Dollar Firm in Risk Seeking Markets, Kiwi Falls after Trade DeficitThe financial markets remained rather mixed this week so far. Risk appetite was firm with S&P 500 breaching 2000 handle to 2001.95 overnight and closed at 1997.92, up 9.52 pts or 0.48%. DJIA also closed higher by 75.65 pts, or 0.44% and is heading back to historical high. Such sentiments didn't carry on to Asian equities as major indices are trading in red at the time of writing, with Nikkei down -0.5%. In spite of the rally in US stocks, treasury yields lost some more ground with 30 year yield back at 3.135 and 10 year yield slightly lower at 2.387. In the currency markets, dollar is generally firm against other major currencies but lacks follow through buying in spite of earlier rally. Euro is generally soft but we don't see follow through selling neither. Some more fresh stimulus is needed for the markets to extend recent trends. |
 |
| Featured Technical Report | |
USD/CHF Mid-Day OutlookDaily Pivots: (S1) 0.9137; (P) 0.9157; (R1) 0.9174; More.... USD/CHF continues to lose upside momentum and a temporary top is in place at 0.9178. Intraday bias is turned neutral first. Downside of consolidations should be contained by 0.9022 support and bring another rise. Break of 100% projection of 0.8702 to 0.9036 and 0.8855 at 0.9189 will target 161.8% projection at 0.9395 next. |
| Economic Indicators Update |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency traded narrowly today, offers remain at 1.3220-30, 1.3250-60 and also at 1.3280-85, mixture of offers and stops is located at 1.3295-00, more sell orders are expected at 1.3320-30, 1.3350 and 1.3370. On the downside, some bids are still seen at 1.3180, 1.3165 and above option barrier at 1.3150, more buy orders are tipped at 1.3135 and in good size at 1.3100-20 area with some stops placed below figure, fresh demand should emerge around 1.3085, 1.3065 and 1.3050. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: EUR/USD - Sell at 1.3260 or buy at 1.3140Euro's recovery after intra-day marginal fall to 1.3179 suggests consolidation would be seen and recovery to the upper Kumo (now at 1.3240) cannot be ruled out, however, reckon 1.3260-65 would limit upside, bring another decline later, a break of said support would extend recent decline to 1.3150-55 (50% projection of 1.3297-1.3183 measuring from 1.3208). Trade Idea Update: USD/JPY - Sell at 104.60 or buy at 103.20Although the greenback has retreated after yesterday's rise to 104.28 and consolidation below this level would be seen, reckon downside would be limited to support at 103.50 and renewed buying interest should emerge around 103.20-25, price should stay well above previous resistance at 103.09 and bring another rise later, above said resistance would extend one more rise to 104.40-45 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