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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: Dollar in Tight Range as Markets Await Non-Farm PayrollDollar stays in tight range against other major currencies as consolidations continue. Non-farm payroll report is the focus today. Economists expect the US job market to grow 210k in September while unemployment rate is expected to be unchanged at 6.1%. Leading employment data saw ADP job grew 213k, an improvement from prior month's 202k. The 4 week moving average initial claims also dropped slightly to 294.8k. Both data were positive. However, the employment component of ISM manufacturing tumbled quite a lot from 58.1 to 54.6, which is negative. Conference board consumer confidence also dropped form 92.4 to 86.0. We'd be cautious on another month of downside surprise in NFP. Also to be watched from US are ISM services which is expected to drop to 58.5 in September, and US trade deficit which is expected to widen slightly to USD -40.7b in August. |
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| Featured Technical Report | |
USD/CAD Daily OutlookDaily Pivots: (S1) 1.1092; (P) 1.1134; (R1) 1.1198; More... USD/CAD recovered after pull back was supported at 1.1071 and intraday bias is turned neutral first. Consolidation from 1.1223 short term top might extend and below 1.1071 will bring deeper fall. But in that case, downside should be contained well above 1.0886 support and bring another rally. Above 1.1223 will target 1.1278 resistance first. Break there will confirm resumption of the larger up trend from 0.9406. |
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| Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency rebounded in European session and offers at 1.2650-60, 1.2675 and 1.2680-85 were filled but more sell orders are reported at 1.2700-10, 1.2725-35 and 1.2750, selling interest is expected to emerge at 1.2775-85 and 1.2800. On the downside, bids remain at 1.2600, 1.2580-90 and 1.2565, buy orders in good size are tipped at 1.2540-50 (more stops below), 1.2525-35 and 1.2500 (stops below figure), fresh demand should emerge around 1.2485 and 1.2450. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Trade Idea: USD/CAD - Hold long entered at 1.1095Although the greenback slipped earlier today to as low as 1.1072, as renewed buying interest emerged there and has rebounded, retaining our bullishness for recent upmove to resume after consolidation, above resistance at 1.1223 (yesterday's high) would extend further gain towards previous resistance at 1.1279 but a break of this recent high is needed to confirm medium term uptrend has resumed for headway to 1.1300-10 first. Trade Idea: EUR/USD - Sell at 1.2715Although the single currency has retreated after meeting resistance at 1.2699, reckon downside would be limited to 1.2590-00 and upside risk remains for the rebound from this week's low of 1.2571 to bring retracement of recent decline to resistance at 1.2715 before renewed selling interest emerges. A break of this week's low at 1.2571 is needed to signal recent decline has resumed and extend weakness to 1.2550 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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