| 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 |
Mid-Day Report: Euro Recovers Mildly as ECB Buy Bonds, Moody's Affirmed France RatingEuro recovers mildly today after ECB bought Spain and Italy bonds to stabilize market sentiments after last week's S&P downgrades. Meanwhile, France also got a small boost from Moody's as the rating agency affirmed its AAA rating and stable outlook. Nonetheless, Moody's warned that France may face a "number of challenges in the coming months" including support to other European states and its own banking system. There could be "significant new liabilities" for the government's balance sheet. Also, "domestic and external economic growth outlook presents significant risks to the French government’s fiscal consolidation plans.” The France government targets to lower deficit ratio to 3% of GDP in 2013 and to achieve a balanced budget by 2016. |
|
| Featured Technical Report | |
GBP/USD Mid-Day OutlookDaily Pivots: (S1) 1.5232; (P) 1.5320; (R1) 1.5407; More. A temporary low is in place in GBP/USD at 1.5234 and intraday bias is turned neutral. Some consolidation might be seen first. But near term outlook will remain bearish as long as 1.5500 minor resistance holds. Recent decline is expected to resume sooner or later. Below 1.5234 will target 100% projection of 1.6618 to 1.5271 from 1.6165 at 1.4818 next. Nonetheless, break of 1.5500 will indicate short term bottoming, possibly with bullish convergence condition in 4 hours MACD, and bring stronger rebound back towards 1.5773 resistance. |
| Special Report |
2012 Forecast: Sterling Has Potential to Weaken Against EuroSimilar to the euro, the British pound will likely weaken against the US dollar amid risk aversion in the first half of the year. Against the euro, the pound had gained for 3 consecutive years since 2009 although the magnitude has been declining. In 2011, EURGBP has been on a down trend since the EU summit as pessimism that EU finance leaders would not be able to derive effective measures to resolve the sovereign debt crisis has made sterling a safe-haven asset in the short-term. We do not expect this to continue this year as the UK has its own fiscal and economic problems to struggle. The disaster these might cause is not less than the debt problems in the17-nation region. An option to alleviate the economic problems would be monetary easing. Without the need of majority vote, the BOE may deliver more dovish stance on the monetary outlook than the ECB in 2012. This would then weaken the British pound. |
| 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 | |||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: Although the single currency recovered in part due to talk of ECB buying Spanish and Italian bond buying, offers from various parties in the region of 1.2680-1.2700 are still capping euro's upside so far with stops seen above 1.2725-30 but more selling interests from U.S. investment houses are located further out at 1.2770 and 1.2800. On the downside, bids from Middle East names and Eastern European accounts are lined up from 1.2625 down to 1.2600 (option barrier), more stops are placed below there and also next barrier at 1.2550. | |||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/CHF – Buy at 0.9470Although dollar’s strong rebound from Friday’s low of 0.9407 and the subsequent breach of previous resistance at 0.9567 add credence to our view that correction from 0.9595 has ended at 0.9407 and bullishness remains for a test of recent high of 0.9595, above there is needed to confirm recent upmove has resumed and extend further gain to 0.9630 and possibly towards 0.9650-60 Trade Idea: AUD/USD – Buy at 1.0200Despite last week’s anticipated rise to 1.0378, the subsequent retreat after failing to penetrate resistance at 1.0387 suggest consolidation would be seen and pullback to 1.0200-10 cannot be ruled out, however, still reckon support at 1.0145 would hold form here and bring another rebound later. A sustained breach of said resistance at 1.0387 is needed to signal the rise from 0.9664 has resumed and extend further headway to 1.0450-55 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