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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 Breached 110 after Mixed Tankan, Aussie Lower on Retail SalesYen 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. |
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| Featured Technical Report | |
AUD/USD Daily OutlookDaily 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. |
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| Orders and Options Watch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Trade Idea: EUR/GBP - Sell at 0.7885Although 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. Trade Idea: USD/CAD - Buy at 1.1095As 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. 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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