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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: Focus on BoE Minutes and BoC Rate DecisionRisk markets staged further rebound overnight as DJIA gained 215.14pts, or 1.31% to close at 16614.81. S&P 500 also rose 37.27 pts or 1.96% to close at 1941.28. Asian equities followed with Nikkei up over 250 pts and reclaimed 15000 handle again at the time of writing. Meanwhile, treasury yields registered some gains, 30 year yield is still held below 3% level. The dollar index is mildly higher and is trading above 85 level for the moment. In the currency markets, major pairs are generally stuck in tight range. The greenback regained some grounds against European majors but is mildly softer against commodity currencies. |
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| Featured Technical Report | |
USD/CAD Daily OutlookDaily Pivots: (S1) 1.1259; (P) 1.1275; (R1) 1.1302; More... USD/CAD's consolidation from 1.1385 is still in progress and intraday bias remains neutral. Again, near term outlook stays bullish as long as 1.1081 support holds and further rally is expected. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally. |
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Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency dropped today in European session, bids at 1.2815-20, 1.2800, 1.2780-85, 1.2770, 1.2750 and 1.2725-35 were filled, more buy orders are located at 1.2700, 1.2675-80 and 1.2650. On the upside, offers are lowered to 1.2775-80, 1.2800 and in good size at 1.2840-50, more sell orders are located at 1.2880-90, mixture of offers and stops is tipped at 1.2900, selling interest is likely to emerge around 1.2920-30 and 1.2950. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Trade Idea: EUR/GBP - Sell at 0.7980As the single currency has retreated sharply after rising to 0.8047 last week, suggesting the a leg of the correction from 0.7766 low has ended there and consolidation with mild downside bias is seen for retracement of the rise from 0.7766 in wave b, hence bearishness is seen for weakness towards support at 0.7850, having said that, reckon 0.7820-25 would limit downside and 0.7790-00 would hold, bring another rebound later. Trade Idea: USD/CAD - Buy at 1.1100As the greenback has retreated after rising to 1.1366 last week, retaining our view that consolidation below this level would be seen and pullback to 1.1180-90 cannot be ruled out, however, price should stay above previous support at 1.1082 and bring another rise later, above said resistance at 1.1366 would extend recent rise from 1.0660 low to 1.1440-50 but anticipated overbought condition should limit upside to 1.1500, bring retreat later. Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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