Friday, December 30, 2011

Action Insight Daily Report 12-30-11 (trusted: contact@actionforex.com)

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: Risk Appetite Capped by Weak China Data

Risk appetite was given a lift overnight on solid US data but was capped in Asian session following China manufacturing data. The preliminary reading of HSBC manufacturing PMI stayed in contraction region at 48.7 in December. Weakening external demand is starting to impact exports and the manufacturing sector. This was also reflected in exports which slowed in November for the third month. There are prospects of further easing measures from PBoC as markets are speculating a reserve ratio cut in early January. Focus will turn to the official PMI to be released this weekend.

Full Report Here...


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Featured Technical Report

EUR/JPY Daily Outlook

Daily Pivots: (S1) 100.13; (P) 100.52; (R1) 101.00; More

Intraday bias in EUR/JPY remains on the downside with 100.72 minor resistance intact and current fall is expected to continue lower. Sustained break of 100 psychological level should pave the way to 61.8% projection of 123.31 to 100.74 from 111.57 at 97.62 next. On the upside, above 100.72 minor resistance will turn bias neutral and bring consolidations. But break of 102.53 resistance is needed to signal near term bottoming. Otherwise, outlook will remain bearish and recent fall should continue after brief consolidation.

Read more...

Economic Indicators Update

Don’t miss the largest investor and trader gathering in the World—The World MoneyShow Orlando, February 9-12, 2012 at the Gaylord Palms Resort. Be there as recommendations and advice are revealed for how to best position your portfolio for profit—in 2012 and beyond. Register Free Today!

GMT Ccy Events Actual Consensus Previous Revised
23:15 JPY Nomura/JMMA Manufacturing PMI Dec 50.2 49.1
02:30 CNY HSBC Manufacturing PMI Dec F 48.7 49
09:30 GBP Bank of England Housing Equity Withdrawal (GBP) Q3 -7.3B -9.1B
Forex Trade Ideas

Merry X'mas and a Happy New Year, no update next week, next Candlesticks and Ichimoku Trade Idea update will be made on 2 January 2012

Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500

Suggested Readings

2012 Outlook

Fundamental Highlights

Technical Highlights


Forward this report to a friend!

This email was sent to actionforex.20.trader1983@spamgourmet.com by contact@actionforex.com |  

Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong

Thursday, December 29, 2011

Action Insight Mid-Day Report 12-29-11 (trusted: contact@actionforex.com)

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: Euro Extends Fall after Italian Auction

Euro extended its broad based decline after Italian bond auctions. Italy sold EUR 7.02b of 3- to 10-year bonds today, below maximum target of EUR 8.5b. Sales of 2022 bond hit max target of EUR 2.5b. Yield was just below the unsustainable 7% at 6.98% even though it dropped from November's 7.56%. Yield on the three year bond due in 2014 dropped from November's 7.89% to 5.62%. However, sales of 2014 and 2021 bonds fell short of the maximum target. This week's result so far firstly suggested that short term funding stress was eased for Italy, but investors are still uncertain on the longer term outlook. Secondly, the fact that the three year bond auction sourly missed target raised much concern that the ECB's EUR 489b three year LTRO fund are not channeled back into peripheral bonds markets. Eurozone M3 money supply rose less than expected by 2.0% yoy in November.

Full Report Here...


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Featured Technical Report

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 100.46; (P) 101.12; (R1) 101.54; More

EUR/JPY drops further to as low as 100.05 so far today and intraday bias remains on the downside for the moment. Break of 100 psychological level should pave the way to 61.8% projection of 123.31 to 100.74 from 111.57 at 97.62 next. On the upside, above 100.72 minor resistance will turn bias neutral and bring consolidations. But break of 102.53 resistance is needed to signal near term bottoming. Otherwise, outlook will remain bearish and recent fall should continue after brief consolidation.

Read more...

Economic Indicators Update

Don’t miss the largest investor and trader gathering in the World—The World MoneyShow Orlando, February 9-12, 2012 at the Gaylord Palms Resort. Be there as recommendations and advice are revealed for how to best position your portfolio for profit—in 2012 and beyond. Register Free Today!

GMT Ccy Events Actual Consensus Previous Revised
EUR German CPI M/M Dec P 0.70% 0.80% 0.00%
EUR German CPI Y/Y Dec P 2.30% 2.20% 2.40%
09:00 EUR Eurozone M3 Y/Y Nov 2.00% 2.50% 2.60%
13:30 USD Initial Jobless Claims 381K 372K 364K
14:45 USD Chicago PMI Dec 61 62.6
15:00 USD Pending Home Sales M/M Nov 1.50% 10.40%
15:30 USD Natural Gas Storage -100B
16:00 USD Crude Oil Inventories -2.9M -10.6M
Forex Trade Ideas

Merry X'mas and a Happy New Year, no update next week, next Candlesticks and Ichimoku Trade Idea update will be made on 2 January 2012

Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500

Suggested Readings

2012 Outlook

Fundamental Highlights

Technical Highlights


Forward this report to a friend!

This email was sent to actionforex.20.trader1983@spamgourmet.com by contact@actionforex.com |  

Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong

Free Forex Signals – Trade Smartly Before the Year’s End (dailyforex: message 8 of 20)

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DailyForex.com Newsletter | December 29th, 2011Follow DailyForex on: Like DailyForex on facebookFollow DailyForex on TwitterJoin our LinkedIn group

There's no question that there's been a thin trading volume in the past few days, but as long as the markets are open there are some profitable opportunities to be found. Take advantage of the days before the New Year by checking out the free Forex signals below and finding targets and stop-losses that can help you find solid footing in this interesting market.

Happy trading!

  USD Year End Expected Movement

  EUR/USD Signal – December 29, 2011

  USD/CAD Signal - December 29, 2011

  EUR/USD Treads Water in Slow Week

Happy New Year

If you have any questions or comments on any of the above Forex items or if you would like to suggest topics for future investing articles, please contact us.

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Action Insight Daily Report 12-29-11 (trusted: contact@actionforex.com)

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: EUR/JPY at Decade Low as Euro Broadly Pressured

Euro dived to decade low against yen and hover after yesterday's record low against aussie. The common currency remained broadly pressured in spite of solid bond auctions recently. Italy will sell as much as EUR 8.5b of bonds due from 2014 to 2022 today. Based on recent auctions, today's result would likely be positive. However, there isn't any sustainable buying Italian bonds to send rates away from 7%. Meanwhile, there were increasing talk about ECB's record bank deposits and the ineffectiveness of the three year LTRO in improving interbank liquidity. Both developments would likely keep Euro soft and any recovery attempt should be temporary. Recent selloff should continue in thin year-end trading. In Greece, the main political parties have agreed to postpone parliamentary elections by two months to give time for the interim government to pass important reforms.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

EUR/JPY Daily Outlook

Daily Pivots: (S1) 100.46; (P) 101.12; (R1) 101.54; More

EUR/JPY's recent decline resumed by taking out 10104 and dropped to new decade low of 100.35 so far. Intraday bias is back on the downside for 100 psychological level first. Break will target 61.8% projection of 123.31 to 100.74 from 111.57 at 97.62 next. On the upside, break of 102.53 resistance is needed to signal short term bottoming. Otherwise, near term outlook will remain bearish even in case of recovery.

Read more...

Economic Indicators Update

Don’t miss the largest investor and trader gathering in the World—The World MoneyShow Orlando, February 9-12, 2012 at the Gaylord Palms Resort. Be there as recommendations and advice are revealed for how to best position your portfolio for profit—in 2012 and beyond. Register Free Today!

GMT Ccy Events Actual Consensus Previous Revised
EUR German CPI M/M Dec P 0.80% 0.00%
EUR German CPI Y/Y Dec P 2.20% 2.40%
09:00 EUR Eurozone M3 Y/Y Nov 2.50% 2.60%
13:30 USD Initial Jobless Claims 372K 364K
14:45 USD Chicago PMI Dec 61 62.6
15:00 USD Pending Home Sales M/M Nov 1.50% 10.40%
15:30 USD Natural Gas Storage -100B
16:00 USD Crude Oil Inventories -2.9M -10.6M
Forex Trade Ideas

Merry X'mas and a Happy New Year, no update next week, next Candlesticks and Ichimoku Trade Idea update will be made on 2 January 2012

Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500

Suggested Readings

2012 Outlook

Fundamental Highlights

Technical Highlights


Forward this report to a friend!

This email was sent to actionforex.20.trader1983@spamgourmet.com by contact@actionforex.com |  

Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong