Action Insight Daily Report 10-1-14

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 Breached 110 after Mixed Tankan, Aussie Lower on Retail Sales Yen weakens against the broadly strong dollar with USD/JPY breaching 110 handle. The Tankan survey overall showed mixed sentiments in Q3 and provided little support to the yen. The large manufacturing index improved from 12 to 13 versus expectation of 10. However, medium and small manufacturing indices both deteriorated to 5 and -1 respectively. Large non-manufacturing index dropped from 19 to 13 versus expectation of 17. Medium and small non-manufacturing indices also deteriorated to 7 and 0 respectively. Large, medium and small all industries indices dropped to 13, 6 and 0 respectively. Nikkei is little changed after the release and fluctuated between small gain and loss in the Asian session. Full Report Here...
Featured Technical Report
AUD/USD Daily Outlook Daily Pivots: (S1) 0.8705; (P) 0.8735; (R1) 0.8778; More... AUD/USD drops further to as low as 0.8663 so far today and intraday bias remains on the downside. Decisive break of 0.8659 low will confirm resumption of the medium term decline from 1.1079. In that case, AUD/USD would target next long term fibonacci level at 0.8544. On the upside, break of 0.8766 minor resistance will turn bias neutral and bring consolidations. But recovery should be limited by 0.8983 resistance and bring another fall. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Economic Indicators Update	You're invited to London's most comprehensive educational event for investors and traders of the year; The World MoneyShow London, 7-8 November 2014! Located at the Queen Elizabeth II Conference Centre, you will discover top experts' best money-making and capital preservation strategies! Learn from the industry's top experts' like Mark Mobius, Ralph Acampora, Sandy Jadeja, and dozens more! US and Canadian equity markets trading near all-time highs amid record-low volatility has many pointing to a sense of "complacency" in the markets, like it's possible that the "easy money" has already been made. That's why 40+ leading investing and trading experts will be speaking LIVE and in-person at The World MoneyShow Toronto, and will reveal their latest and best stock and ETF picks in the process. Register free
GMT Ccy Events Actual Consensus Previous Revised 23:50 JPY Tankan Large Manufacturers Index Q3 13 10 12 23:50 JPY Tankan Non-Manufacturing Index Q3 13 17 19 1:00 CNY Manufacturing PMI Sep 51.1 51 51.1 1:30 AUD Retail Sales M/M Aug 0.10% 0.40% 0.40% 7:30 CHF SVME PMI Sep 52 52.9 7:45 EUR Italy Manufacturing PMI Sep 49.5 49.8 8:00 EUR Eurozone Manufacturing PMI Sep F 50.5 50.5 8:30 GBP PMI Manufacturing Sep 52.6 52.5 12:15 USD ADP Employment Change Sep 204K 204K 14:00 USD ISM Manufacturing Sep 58.5 59 14:00 USD ISM Prices Paid Sep 57 58 14:00 USD Construction Spending M/M Aug 0.40% 1.80% 14:30 USD Crude Oil Inventories -4.3M
Orders and Options Watch
US Session: Orders and Options Watch EUR: The single currency dropped to 2-year low on soft Eurozone inflation data, bids at 1.2660-65, 1.2650, 1.2620-25 and 1.2600 were tripped, however, some buy orders are reported at 1.2570 and in good size at 1.2540-50 (more stops below). On the upside, offers are lowered to 1.2640-50 and 1.2670, sizeable sell orders remain at 1.2700-10, 1.2725-35 and 1.2750-60 (stops above 1.2765), selling interest is expected at 1.2785 and 1.2800. Read more...
Forex Trade Ideas
Trade Idea: EUR/GBP - Sell at 0.7885 Although the single currency has remained under pressure and near term downside risk remains for recent decline to extend to 0.7750, however, oversold condition should limit this wave v to 0.7725-30 and reckon 0.7700 would hold from here, risk from there is seen for a rebound to take place later. Read more... Trade Idea: USD/CAD - Buy at 1.1095 As the greenback has risen again after brief pullback, adding credence to our bullish view that recent upmove is still in progress and may extend further gain to 1.1220-30, then retest of previous resistance at 1.1279, however, break of latter level is needed to retain bullishness and confirm early upmove has resumed for headway to 1.1300-10 first. Read more... Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500
Suggested Readings
Fundamental Highlights AUD Is Hit By Soft Retail Sales Data Asian Market Update: China Manufacturing PMI Meets Consensus, AUD, JPY Hit New Multi-Month Lows, CDC Announces US Case Of Ebola Stocks Dip On Weaker Economic News, Aussie Rallies - Changing Landscape Technical Highlights NZDJPY Back At The Neckline - For Now AUDUSD Eyeing Up 2014 Lows AUD/USD – Consolidates Around 0.8750 EURJPY - Weakens, Maintains Downside Bias Is AUDJPY About To Rally? USDCAD: Up, Up, And Away!

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Action Insight Mid-Day Report 9-30-14

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: Euro Tumbled after Weak Inflation Data, EUR/USD Breached 1.26 Euro tumbles broadly today and breached 1.26 handle against dollar after weak inflation data. Flash CPI estimate dropped to 0.3% yoy in September as expected, hitting the lowest level since October 2009. Core CPI slowed to 0.7% yoy versus expectation of 0.9%. Eurozone unemployment rate was unchanged at 11.50% in August. German unemployment unexpectedly rose 12k in September versus expectation of -2k while unemployment rate was unchanged at 6.7%. ECB meeting will be the major focus later in the week and governor Mario Draghi is expected to reveal details about ABS and covered bonds purchases. Full Report Here...
Featured Technical Report
EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.2661; (P) 1.2688 (R1) 1.2712; More.... EUR/USD's decline continues today and reaches as low as 1.2570 so far. Intraday bias remains on the downside and current fall from 1.3993 would target 1.2042 low next. On the upside, above 1.2705 minor resistance will turn bias neutral and bring consolidations. But recovery should be limited by 1.2994 resistance and bring another decline. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Economic Indicators Update	You're invited to London's most comprehensive educational event for investors and traders of the year; The World MoneyShow London, 7-8 November 2014! Located at the Queen Elizabeth II Conference Centre, you will discover top experts' best money-making and capital preservation strategies! Learn from the industry's top experts' like Mark Mobius, Ralph Acampora, Sandy Jadeja, and dozens more! US and Canadian equity markets trading near all-time highs amid record-low volatility has many pointing to a sense of "complacency" in the markets, like it's possible that the "easy money" has already been made. That's why 40+ leading investing and trading experts will be speaking LIVE and in-person at The World MoneyShow Toronto, and will reveal their latest and best stock and ETF picks in the process. Register free
GMT Ccy Events Actual Consensus Previous Revised 21:45 NZD Building Permits M/M Aug 0.00% 0.00% 0.10% -1.70% 23:05 GBP GfK Consumer Sentiment Sep -1 0 1 23:30 JPY Unemployment Rate Aug 3.50% 3.80% 3.80% 23:30 JPY Household Spending Y/Y Aug -4.70% -3.60% -5.90% 23:50 JPY Retail Trade Y/Y Aug 1.20% 0.30% 0.50% 0.60% 23:50 JPY Industrial Production M/M Aug P -1.50% 0.20% 0.40% 00:00 NZD NBNZ Business Confidence Sep 13.4 24.4 01:30 JPY Labor Cash Earnings Y/Y Aug 1.40% 1.00% 2.60% 2.40% 01:45 CNY HSBC Manufacturing PMI Sep F 50.2 50.5 50.5 05:00 JPY Housing Starts Y/Y Aug -12.50% -13.70% -14.10% 06:00 GBP Nationwide House Prices M/M Sep -0.20% 0.50% 0.80% 07:00 CHF KOF Leading Indicator Sep 99.1 99 99.5 07:55 EUR German Unemployment Change Sep 12K -2K 2K 3K 07:55 EUR German Unemployment Rate Sep 6.70% 6.70% 6.70% 08:30 GBP GDP Q/Q Q2 F 0.80% 0.80% 0.80% 08:30 GBP Current Account (GBP) Q2 -23.1B -16.8B -18.5B -20.5B 08:30 GBP Index of Services 3M/3M Jul 1.00% 1.00% 1.00% 1.10% 09:00 EUR Eurozone Unemployment Rate Aug 11.50% 11.50% 11.50% 09:00 EUR Eurozone CPI Estimate Y/Y Sep 0.30% 0.30% 0.40% 09:00 EUR Eurozone CPI - Core Y/Y Sep A 0.70% 0.90% 0.90% 12:30 CAD GDP M/M Jul 0% 0.20% 0.30% 12:30 CAD Industrial Product Price M/M Aug 0.20% -0.20% -0.30% 12:30 CAD Raw Materials Price Index M/M Aug -2.20% -1.40% -1.40% 13:00 USD S&P/Case-Shiller Composite-20 Y/Y Jul 6.70% 7.40% 8.10% 13:45 USD Chicago PMI Sep 60.5 61.5 64.3 14:00 USD Consumer Confidence Sep 86 92.4 92.4
Orders and Options Watch
US Session: Orders and Options Watch EUR: The single currency dropped to 2-year low on soft Eurozone inflation data, bids at 1.2660-65, 1.2650, 1.2620-25 and 1.2600 were tripped, however, some buy orders are reported at 1.2570 and in good size at 1.2540-50 (more stops below). On the upside, offers are lowered to 1.2640-50 and 1.2670, sizeable sell orders remain at 1.2700-10, 1.2725-35 and 1.2750-60 (stops above 1.2765), selling interest is expected at 1.2785 and 1.2800. Read more...
Forex Trade Ideas
Trade Idea Update: USD/CHF - Buy at 0.9520 As the greenback has surged again in European morning after the release of CPI data, suggesting recent upmove from 0.8699 low is still in progress and may extend further gain to 0.9600-10, then 0.9630 but overbought condition should limit upside to 0.9650-60 and price should falter below 0.9675-80, risk from there is seen for a retreat to take place later. Read more... Trade Idea Update: EUR/USD - Sell at 1.2650 As the greenback has surged after last week's breach of previous resistance at 1.1099, adding credence to our bullish view for recent upmove to resume and further gain to 1.1200 would be seen, however, near term overbought condition should prevent sharp move beyond resistance at 1.1279, risk from there is seen for a retreat to take place later. Read more... Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500
Suggested Readings
Fundamental Highlights Can Anything Stop the Dollar in its Tracks? Surging US Dollar Pushes Gold to Lowest Levels of 2014 EUR/USD - Euro Tumbles on Weak CPI Data Euro Core Inflation Surprises to the Downside ECB Preview: Draghi Will Reveal Details on ABS and Covered Bond Programmes Market Watches Hong Kong As Hang Seng Slips To 3-Month Low Technical Highlights Technical Outlook: USDCAD, USDCHF and CADCHF NZDJPY: Long-Term Chart Suggests Major Top Has Formed Has EUR/AUD Resumed Downward Tend? Important Major Currency Pairs Technical Update

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Action Insight Daily Report 9-30-14

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 Steady after Mixed Economic Data The Japanese yen remains steady in range after release of a bunch of economic data. Unemployment rate dropped to 3.5% in August, hitting a three month low. Retail sales rose 1.2% yoy versus expectation of 0.3% yoy. Household spending, however, dropped -4.7% yoy versus expectation of -3.6% yoy. Labor cash earnings rose 1.4% yoy versus expectation of 1.0% yoy. The more important piece of data, industrial production, dropped -1.5% mom versus expectation of 0.2% mom rise. The production data suggests that manufacturing sector remains weak. Given the generally weak global economy and slow down in China, if would be hard for Japan manufacturing to pick up a recovery in the near future. Prime minister Shinzo Abe recently talked up the idea of a supplementary budget and markets would look forward to some more details about such idea from Abe. Full Report Here...
Featured Technical Report
USD/JPY Daily Outlook Daily Pivots: (S1) 109.17; (P) 109.45; (R1) 109.78; More... USD/JPY lost momentum ahead of 100% projection of 96.56 to 105.43 from 101.08 at 109.95. But further rise is still expected with 108.47 support intact. Break of 109.95 will extend recent up trend to long term fibonacci level at 111.62. On the downside, below 108.47 support will indicate short term topping and bring deeper pull back before staging another rise. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Economic Indicators Update	You're invited to London's most comprehensive educational event for investors and traders of the year; The World MoneyShow London, 7-8 November 2014! Located at the Queen Elizabeth II Conference Centre, you will discover top experts' best money-making and capital preservation strategies! Learn from the industry's top experts' like Mark Mobius, Ralph Acampora, Sandy Jadeja, and dozens more! US and Canadian equity markets trading near all-time highs amid record-low volatility has many pointing to a sense of "complacency" in the markets, like it's possible that the "easy money" has already been made. That's why 40+ leading investing and trading experts will be speaking LIVE and in-person at The World MoneyShow Toronto, and will reveal their latest and best stock and ETF picks in the process. Register free
GMT Ccy Events Actual Consensus Previous Revised 21:45 NZD Building Permits M/M Aug 0.00% 0.00% 0.10% -1.70% 23:05 GBP GfK Consumer Sentiment Sep -1 0 1 23:30 JPY Unemployment Rate Aug 3.50% 3.80% 3.80% 23:30 JPY Household Spending Y/Y Aug -4.70% -3.60% -5.90% 23:50 JPY Retail Trade Y/Y Aug 1.20% 0.30% 0.50% 0.60% 23:50 JPY Industrial Production M/M Aug P -1.50% 0.20% 0.40% 0:00 NZD NBNZ Business Confidence Sep 13.4 24.4 1:30 JPY Labor Cash Earnings Y/Y Aug 1.40% 1.00% 2.60% 2.40% 1:45 CNY HSBC Manufacturing PMI Sep F 50.2 50.5 50.5 5:00 JPY Housing Starts Y/Y Aug -13.70% -14.10% 6:00 GBP Nationwide House Prices M/M Sep 0.50% 0.80% 7:00 CHF KOF Leading Indicator Sep 99 99.5 7:55 EUR German Unemployment Change Sep -2K 2K 7:55 EUR German Unemployment Rate Sep 6.70% 6.70% 8:30 GBP GDP Q/Q Q2 F 0.80% 0.80% 8:30 GBP Current Account (GBP) Q2 -16.8B -18.5B 8:30 GBP Index of Services 3M/3M Jul 1.00% 1.00% 9:00 EUR Eurozone Unemployment Rate Aug 11.50% 11.50% 9:00 EUR Eurozone CPI Estimate Y/Y Sep 0.30% 0.40% 9:00 EUR Eurozone CPI - Core Y/Y Sep A 0.90% 0.90% 12:30 CAD GDP M/M Jul 0.20% 0.30% 12:30 CAD Industrial Product Price M/M Aug -0.20% -0.30% 12:30 CAD Raw Materials Price Index M/M Aug -1.40% -1.40% 13:00 USD S&P/Case-Shiller Composite-20 Y/Y Jul 7.40% 8.10% 13:45 USD Chicago PMI Sep 61.5 64.3 14:00 USD Consumer Confidence Sep 92.4 92.4
Orders and Options Watch
US Session: Orders and Options Watch EUR: The single currency recovered after falling to 1.2664 earlier today and offers at 1.2700-10 were filled, however, sell orders are still seen at 1.2735-40 and in good size at 1.2755-65 (stops above), selling interest is expected at 1.2785 and 1.2800, offers are tipped at 1.2825-35, 1.2850 and 1.2870-80. On the downside, bids are noted at 1.2685 and 1.2660-65, buy orders are expected at 1.2650 and 1.2620-25, fresh demand should emerge around 1.2600 with stops building up below barrier at figure. Read more...
Forex Trade Ideas
Trade Idea: EUR/GBP - Sell at 0.7885 Last week's breach of previous support at 0.7810 confirms recent decline has resumed and although price has recovered from 0.7785 (last week's low), reckon upside would be limited to 0.7850 and renewed selling interest should emerge around 0.7885-90, brig another decline in wave v to 0.7770, however, oversold condition should prevent sharp fall below 0.7750 and reckon 0.7725-30 would hold Read more... Trade Idea: USD/CAD - Buy at 1.1055 As the greenback has surged after last week's breach of previous resistance at 1.1099, adding credence to our bullish view for recent upmove to resume and further gain to 1.1200 would be seen, however, near term overbought condition should prevent sharp move beyond resistance at 1.1279, risk from there is seen for a retreat to take place later. Read more... Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500
Suggested Readings
Fundamental Highlights Asian Market Update: China HSBC Manufacturing PMI Still In Expansion But Softer Than Expected, Hong Kong's Leung Warns Standoff May Last Asian Equities Fall With Eyes On Hong Kong Mixed Economic Messages From Japan EM Rundown: Fragile Five Revived? Stocks Under Pressure And US Dollar Stronger In An Aggressive Days Trade Technical Highlights Daily Technical Analysis AUD/USD – Takes A Breather Above 0.87 GBPJPY - Faces Corrective Pullback Threats Crude Oil's Bearish Trend Weakening

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