 |  |
| 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: Dollar Retreats Mildly as NFP DisappointsDollar retreats mildly against Euro and yen in early US session after lower than expected employment data. Non-farm payroll grew 142k in August versus expectation o 216k. That's the smallest gain this year. Meanwhile, unemployment rate dropped from 6.2% to 6.1% as expected. That was also accompanied by a fall in participation rate from 62.9% to 62.8%. Dollar's loss against Euro is limited so far and the common currency remains broadly weak after yesterday's ECB inspired selloff. Yen, on the other hand, is trying to gather some broad based momentum to close the week with a strong note. |
 |
| Featured Technical Report | |
USD/JPY Mid-Day OutlookDaily Pivots: (S1) 104.87; (P) 105.12; (R1) 105.48; More... Despite jumping to as high as 105.70, USD/JPY is still struggling to sustain above 105.43 near term resistance. Indeed, the pair retreats sharply today after disappointing NFP. We'll remain cautious on whether the pair can sustain above 105.43. In that case, sustained trading above 105.43 will resumption of larger up trend and target 111.62 fibonacci level next. However, below 104.73 will turn bias back to the downside for 103.55/104.27 support zone. |
| Economic Indicators Update |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Orders and Options Watch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency tumbled as ECB cut rate to 0.05%, bids at 1.3120-25, 1.3100-10, 1.3085, 1.3065, 1.3050 and barrier at 1.3000 were all tripped, not much orders are heard at the moment, some defensive bids are tipped above 1.2950 and 1.2900-10. On the upside, offers are now seen at 1.3030, 1.3050 and 1.3070-75, more sell orders are located at 1.3100-10 and in good size at 1.3140-50 with stops building up above 1.3160. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: EUR/USD - Sell at 1.3050As the single currency has recovered after tumbling yesterday to as low as 1.2920, suggesting consolidation above this level would be seen and minor correction to 1.3000 cannot be ruled out, however, reckon upside would be limited to 1.3050-55, bring another decline later. A break of said support at 1.2920 would extend recent decline to 1.2905-10 Trade Idea Update: USD/CHF - Buy at 0.9240Yesterday's rally on back of the post-ECB selloff in euro adds credence to our view that recent upmove is still in progress and may extend further gain to 0.9345-50 (2 times projection of 0.9126-0.9212 measuring from 0.9176), however, near term overbought condition should prevent sharp move beyond there and price should falter below 0.9385-90 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