| Having trouble viewing this email? Click here |
 |  |
| 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 Weekly Report | Markets Snapshot |
Daily Report: Risk Off as Week Starts, Euro Pressured ahead of Merkozy MeetingDollar opened the week higher as markets are back in a risk off mode. A couple of news are weighing on market sentiments in Asia. IMF's chief economist Olivier Blanchard said that the fund will make a "fairly substantial" cut to global growth forecast this year even though it has already lowered 2012 growth projection to 4% back in September. He expects growth to be "not very far" from 3-4% with Europe "very close to zero". The fund will publish the revised forecast later in January on 24 or 25. Meanwhile a German magazine reported over the weekend that IMF is losing confidence in Greece's ability to fix the public finances problems. The magazine said IMF saw three options for Greece, including enacting further austerity, private creditor write off, or increasing the Eurozone bailout. The magazine questioned whether the target of 120% debt to GDP ratio by 2020 is achievable. German finance minister Wolfgang Schaeuble noted that 50% write-down on Greek debts is insufficient. |
|
| Featured Technical Report | |
EUR/JPY Daily OutlookDaily Pivots: (S1) 98.27; (P) 98.81; (R1) 99.15; More EUR/JPY drops further to as low as 97.27 so far today and met mentioned target of 61.8% projection of 123.31 to 100.74 from 111.57 at 97.62. Intraday bias remains on the downside for the moment. Sustained trading below 97.62 will pave the way to 100% projection at 89.00 next. On the upside, above 98.48 minor resistance will turn bias neutral and bring consolidation. But recovery is expected to be limited below 101.04 support turned resistance and bring decline resumption. |
| Special Report |
2012 Forecast: Euro to Remain Pressured as Sovereign Debt Crisis Drags Down Economy and Causes ECB to Accelerate EasingSovereign debt problems in the Eurozone will continue to dominate financial markets this year. While we believe European finance ministers will eventually resolve the crisis, the situation will probably worsen in the medium-term. The euro, which got hammered in 2011, will remain under pressure in months ahead. In our opinion, high risk premium regarding owning the single currency and ECB's monetary easing are key factors dragging on the currency. 2012 Forecast: USD to Strengthen Further in First Half of 2012The US dollar is expected to outperform other major currencies in the first half of 2012. The key reasons for the greenback's glitter are the ongoing sovereign debt crisis in the Eurozone and the relatively strong economic improvement in the US. It is, however, rather difficult to forecast the outlook of the US dollar in the second half of the year as uncertainties related to the pace of recovery in European economies, fiscal tightening in the US and the FED's implementation of QE3 heighten. Moreover, the ability for China to avoid hard landing would be another factor affect USD's outlook. |
| 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! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2012 Elliott Wave Forecast | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
European Session: Orders and Options WatchEUR: Although the single currency extended last week's selloff to as low as 1.2666 this morning in part due to selloff in EUR/JPY (by Japanese names), euro found corporate demand there and has rebounded in Asian morning, short-covering also helped lifting the pair from low. At the moment, although offers at 1.2710 were absorbed, more selling interests from European names are tipped further out at 1.2750-60 and also 1.2800-10 with stops building up above 1.2815-20. On the downside, mixture of bids and stops is seen at 1.2660-70 with bigger stops placed below 1.2630 (some bids noted at 1.2640) and also 1.2600 option barrier. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea: USD/CHF – Buy at 0.9480Despite intra-day brief rise to 0.9595, as the greenback has retreated after faltering below 0.9600, suggesting consolidation below this level would take place and pullback to 0.9503-05 (current level of the Ichimoku cloud top and previous support) would be seen, however, previous resistance at 0.9470 should turn into support and bring another rise later. A break of said resistance would extend recent upmove from record low of 0.7068 to 0.9625-30 Trade Idea: GBP/USD – Stand asideAlthough the British pound dropped quite sharply last Friday to 1.5376 on dollar’s broad-based strength, as cable has recovered after holding above previous support at 1.5361, suggesting consolidation above this level would be seen and recovery to the Kijun-Sen (now at 1.5451) and previous support at 1.5466 is likely, however, reckon 1.5521-26 (current level of the Ichimoku cloud bottom and Friday’s high) would limit upside Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Suggested Readings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2012 Outlook
Fundamental Highlights
Technical Highlights
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
| ||||||||
No comments:
Post a Comment