Monday, November 28, 2011

Action Insight Daily Report 11-28-11 (trusted: contact@actionforex.com)

ActionForex.com
Action Insight Market Overview Markets Snapshot

Daily Report: IMF Rumor and Black Friday Sales Lifted Sentiments Mildly

Sentiments recovered as the week started on the back of record Black Friday sales in US and IMF's Italian bailout rumor. According to the data from US National Retail Federation released Sunday, retail sales over the four-day weekend following Thanksgiving jumped 16% to $54.2b, affirming the view that US's recovery is still having some momentum. It's reported that the IMF was preparing a bailout package for Italy after the country's benchmark 10 year yield continued to stay above the unsustainable 7% level. The package would amount to up to EUR 600b and there were discussions on what form of support could be offered. However, the rumor was later dismissed by IMF as it denied of any discussions on bailout program for Italy.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

EUR/JPY Daily Outlook

Daily Pivots: (S1) 102.48; (P) 102.86; (R1) 103.24; More

Intraday bias in EUR/JPY is neutral for the moment and some consolidations could be see above 102.48 temporary low. But still, near term outlook will remain cautiously bearish as long as 104.35 minor resistance holds, Below 102.48 will extend the fall from 111.57 to retest 100.74 support. Break will target 61.8% projection of 123.31 to 100.74 from 111.57 at 97.62. Nonetheless, break of 104.35 will dampen this bearish view and would flip bias back to the upside to extend the consolidation/correction from 100.74.

Read more...

Forex Brokers
Advanced Currency Markets GFT FXCM
Economic Indicators Update

Top trading expert speakers, analysts and exhibitors. Discover the Newest Comer to the market, analyze latest market trends explore different trading platforms, and explore a wide opportunity on future investments. The 9th ME Forex & Investment Summit 2011

Don’t miss this year’s World MoneyShow London, 11-12 November 2011 at the Queen Elizabeth II Conference Centre. Be there as recommendations and advice are revealed for how to best position your portfolio for profit—in 2011 and beyond. Don't miss out... Register Free Today!

GMT Ccy Events Actual Consensus Previous Revised
EUR German CPI M/M Nov P 0.10% 0.00%
EUR German CPI Y/Y Nov P 2.50%
EUR German GfK Consumer Sentiment Dec 5.2 5.3
9:00 EUR Eurozone M3 Y/Y Oct 3.40% 3.10%
11:00 GBP CBI Reported Sales Nov -12 -11
15:00 USD New Home Sales Oct 310K 313K
Orders and Options Watch

European Session: Orders and Options Watch

EUR: Although the single currency opened higher and rebounded initially this morning from last week's low of 1.3213 on report that the IMF is preparing a 600 bln euro loan, the pair then ran into offers from various parties around 1.3340-45 and retreated on subsequent denial. At the moment, demand from Asian and European names (in part due to risk appetite on rising S&P futures) are noted from 1.3270 down to 1.3250 and mixture of bids and stops is seen at 1.3210-20 with more stops reported below 1.3200 option barrier. On the upside, offers remain at 1.3340-45 and also 1.3355-60 with some stops placed above latter level but sizeable sell orders are expected to emerge around 1.3400-10 with more stops reported above 1.3415-25.

Read more...

Forex Trade Ideas

Trade Idea: GBP/USD – Buy at 1.5450

As Friday’s low at 1.5423 has continued to hold and this morning’s rebound suggests a minor low is possibly formed there, hence consolidation with upside bias is seen for test of the Ichimoku cloud top (now at 1.5554) but break of indicated resistance at 1.5566 is needed to add credence to this view and bring retracement of recent decline towards 1.5600-05 (38.2% Fibonacci retracement of 1.5888 to 1.5423)

Read more...

Trade Idea: USD/JPY – Buy at 77.05

Despite Friday’s surge to 77.80, this morning’s retreat suggests consolidation below this level would take place and below intra-day support at 77.46 would bring retracement to the Ichimoku cloud (now at 77.25-29), however, renewed buying interest should emerge above previous support at 77.01 and bring another rise later. A break of said resistance would extend the move from 76.58 to 78.00

Read more...

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

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

No comments:

Post a Comment