 |  |
| 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 Staying in Consolidation ahead of FOMC MinutesDollar is staying in consolidative mode against other major currencies as markets await FOMC minutes. A major focus is the discussion regarding the change of languages, in particular, the use of "considerable time" regarding the timing of rate hike after completing the asset purchase program. Also, it should be noted again that FOMF members raised their median estimate for the Fed funds rate to 1.375% at the end of 2015 from 1.125% forecasted in June. The median funds rate is expected to reach 2.875% and 3.75% in 2016 and 2017 respectively. The revision suggested the tightening could happen faster than previously expected even though the timing of first hike is unchanged. Markets will look for more information on the discussion on this topic. |
 |
| Featured Technical Report | |
GBP/USD Mid-Day OutlookDaily Pivots: (S1) 1.5989; (P) 1.6044; (R1) 1.6134; More... Intraday bias in GBP/USD remains neutral for consolidations above 1.5951 temporary low. Recovery should be limited well below 1.6523 resistance and bring fall resumption. Below 1.5951 will extend the decline from 1.7190 and target 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. |
| Economic Indicators Update | You're invited to London's most comprehensive educational event for investors and traders of the year; The World MoneyShow London, 7-8 November 2014! Located at the Queen Elizabeth II Conference Centre, you will discover top experts' best money-making and capital preservation strategies! Learn from the industry's top experts' like Mark Mobius, Ralph Acampora, Sandy Jadeja, and dozens more!
US and Canadian equity markets trading near all-time highs amid record-low volatility has many pointing to a sense of "complacency" in the markets, like it's possible that the "easy money" has already been made. That's why 40+ leading investing and trading experts will be speaking LIVE and in-person at The World MoneyShow Toronto, and will reveal their latest and best stock and ETF picks in the process. Register free
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency continued to edge higher , offers at 1.2675-85 were filled but sell orders are still noted at 1.2700-10 (stops above), more selling interest is tipped at 1.2725-30 and 1.2740-50. On the downside, bids are raised to 1.2640, 1.2620-25 and 1.2600, more buy orders are reported at 1.2580-85, 1.2550 and 1.2525-35, mixture of bids and stops is tipped at 1.2500-10. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/CHF - Buy at 0.9525The greenback dropped again yesterday after meeting renewed selling interest at 0.9625, retaining our view that a temporary top is possibly formed at 0.9690 earlier this week and consolidation with mild downside bias remains for test of 0.9550-55 (38.2% Fibonacci retracement of 0.9332-0.9690), however, still reckon support at 0.9517 would limit downside and bring another rise later, a break of said resistance at 0.9625 (this would also penetrate the upper Kumo at 0.9620) would suggest low is formed Trade Idea Update: EUR/USD - Buy at 1.2590Although the single currency retreated after marginal rise to 1.2683 and consolidation is in store, reckon the lower Kumo (now at 1.2588) would limit downside and bring another rise later towards resistance at 1.2699, break there would confirm low has been formed at 1.2501 last week, bring retracement of recent decline to 1.2715-20 (50% Fibonacci retracement of 1.2930-1.2501) but reckon 1.2750 would limit upside 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