Friday, November 4, 2011

Action Insight Mid-Day Report 11-4-11 (trusted: contact@actionforex.com)

ActionForex.com
Action Insight Market Overview Markets Snapshot

Mid-Day Report: USD Mildly Higher, CAD Tumbles after Employment Data

Dollar is mildly higher in early US session as global equities markets are generally lower. But volatility is a bit low and there is no clear directions in the markets. Markets are awaiting Greek parliament confidence vote while G20 delivered nothing concrete to help solve the European debt crisis. Mixed US employment data also provided little inspiration. Though, Canadian dollar is noticeably lower in a rather dull market after poor job market data.

Full Report Here...


jpyvol.png
nzdusdpiv.png

Featured Technical Report

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.0011; (P) 1.0114; (R1) 1.0173; More.

USD/CAD recovers strongly in early US session and the development argues that retreat from 1.0222 is finished at 1.0055. Intraday bias is cautiously on the upside for the moment. Break of 1.0222 will indicate rebound from 0.9891 has resumed. Also, that will reaffirm the case that choppy fall from 1.0656 is finished at 0.9891 after missing 61.8% retracement of 0.9406 to 1.0656 at 0.9884. In such case, stronger rise would be seen to retest 1.0656 high. On the downside, below 1.0055 will turn bias neutral and turn focus back to 0.9891 support instead.

Read more...

Forex Brokers
Advanced Currency Markets GFT FXCM
Featured Technical Report

ECB Cuts Rate by -25 bps, More to Come

Surprisingly, the ECB lowered the main refinancing rate, by -25 bps, to 1.25% as 'some of the downside risks have been materialising, which makes a significant revision to forecasts and projections for average real GDP growth in 2012 very likely'. Given rapid deterioration in global economic outlook and sovereign debt crisis in the Eurozone, further easing is increasingly likely next month.

Read more...

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
09:00 EUR Eurozone PMI Services Oct F 46.4 47.2 47.2
10:00 EUR Eurozone PPI M/M Sep 0.30% 0.20% -0.10% -0.20%
10:00 EUR Eurozone PPI Y/Y Sep 5.80% 5.80% 5.90%
11:00 CAD Unemployment Rate Oct 7.30% 7.10% 7.10%
11:00 CAD Net Change in Employment Oct -54.0K 20.0K 60.9K
12:30 CAD Building Permits M/M Sep -4.90% 1.85 -10.40% -10.10%
12:30 USD Change in Non-farm Payrolls Oct 80K 95K 103K 158K
12:30 USD Unemployment Rate Oct 9.00% 9.10% 9.10%
14:00 CAD Ivey PMI Oct 54.4 55.7
Orders and Options Watch

US Session: Orders and Options Watch

EUR: Although the single currency edged higher on buying by a Dutch bank to as high as 1.3870, the pair then retreated on dollar’s broad-based rebound in part due to the release of better-than-expected U.S. unemployment rate (9.0% vs forecast of 9.1%). At the moment, bids from Middle East names are still noted at 1.3740-50 with some stops placed below 1.3710 but more buying interest should emerge around 1.3690-00 followed by combination of bids and stops at 1.3650-60. On the upside, offers are still noted at 1.3820, 1.3850 and also at 1.3870 with stops building up above latter level and also above 1.3900-10.

Read more...

Forex Trade Ideas

Trade Idea Update: USD/CHF – Buy again at 0.8790

Despite intra-day rebound to 0.8870/72, as the greenback has retreated after faltering just below the Ichimoku cloud top, suggesting further consolidation would take place but downside should be limited to 0.8780/85 and bring another rebound later. Above Ichimoku cloud top (now at 0.8875) would bring another test of yesterday’s high of 0.8894 would signal the correction from 0.8961 has ended and bring test of indicated resistance at 0.8906

Read more...

Trade Idea: AUD/USD – Sell at 1.0540

Despite yesterday’s fall to 1.0203, as the Australian dollar has staged a rebound from there, suggesting consolidation above this level would take place and recovery to 1.0475/80 (50% Fibonacci retracement of 1.0753 to 1.0203), however, renewed selling interest should emerge around 1.0540/45 (61.8% Fibonacci retracement) and bring another decline later. A break of said support at 1.0203 would extend the fall from 1.0753 for a stronger retracement of recent rise from 0.9388 to 1.0150/60

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