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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 |
Mid-Day Report: RBNZ and Aussie Job Watched in Coming Asian SessionDollar continues to consolidate recent sharp gains against European majors. Euro and Swiss Franc are mildly higher against the greenback today but strength of the recovery is very limited. GBP/USD edged lower to 1.6051 but quickly recovered as consolidations continue in tight range. Overall, the greenback is being supported by expectation that Fed will stop the asset buying program in October and start raising interests next year. A particular focus is how FOMC would modify the post meeting statement next week to set the stage for policy normalization. Meanwhile, Euro will stay soft on ECB outlook while Sterling would be pressured by uncertainties over Scottish independence referendum next week. |
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| Featured Technical Report | |
USD/JPY Mid-Day OutlookDaily Pivots: (S1) 105.93; (P) 106.20; (R1) 106.46; More... USD/JPY's rally continues today and reaches as high as 106.79 so far. Intraday bias remains on the upside and current rally should now target 100% projection of 96.56 to 105.43 from 101.08 at 109.95 next. On the downside, below 106.03 minor support will turn bias neutral and bring consolidations. But downside should be contained well above 104.27 support and bring another rally. |
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| Orders and Options Watch | ||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency retreated after meeting resistance at 1.2963, bids at 1.2900-20 were filled but more buy orders are noted at 1.2885, 1.2840-60 area and 1.2800 (stops below), buying interest is tipped at 1.2785, 1.2750 and 1.2725, mixture of bids and stops is located at 1.2700. On the upside, offers at 1.2950 were filled, however, more sell orders are expected at 1.2970-80 and 1.3000 (stops above), selling interest is likely to emerge around 1.3035 and 1.3050-60. | ||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||
Trade Idea: AUD/USD - Sell at 0.9210Aussie's selloff from 0.9402 has gathered momentum once indicated support at 0.9239 was penetrated, adding credence to our bearish view that fall from 0.9505 top is still in progress in impulsive wave c and further weakness to 0.9100 and later 0.9050 would be seen, however, near term oversold condition should prevent sharp fall below psychological support at 0.9000, risk from there is seen for a rebound later. Trade Idea Update: GBP/USD - Sell at 1.6230As the British pound has rebounded after marginal fall to 1.6052, suggesting consolidation above this level would be seen and recovery to 1.6187 and possibly the upper Kumo (now at 1.6202) cannot be ruled out, however, reckon resistance at 1.6233 would limit upside and bring another decline later. A break of said support would signal recent decline is still in progress and extend further weakness to 1.6040-45 Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | ||||||||||||||||||||||||||||||||||||||||||
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Fundamental Highlights
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