| 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: Markets Steady as IMF Hits BRICS Funding RoadblockMarkets are rather steady in Asia today. Dollar and yen are soft but there is no clear selling momentum. European debt crisis is a key topic in G20 meeting in Washington. Meanwhile a major focus is whether IMF chief Lagarde is able to meet her target of raising another $400b to boost the global firewall that help stem Eurozone debt crisis. Japan's Finance Minister Azumi said in a footage today that IMF is able to achieve this target. So far, Lagarde has secured $320b from Europe and Japan and she'd rely on BRICS countries to fill up the gap. But it's made clear that BRICS countries are requiring additional power at the IMF before making the contribution. |
|
| Featured Technical Report | |
USD/CAD Daily OutlookDaily Pivots: (S1) 0.9902; (P) 0.9932; (R1) 0.9986; More. The strong rebound from 0.9865 and break of 0.9926 minor resistance indicates that a temporary low is in place at 0.9865. More importantly, such development dampened the immediate bearish view and suggests that consolidative trading from 0.9841 is still in progress. Bias is turned neutral again for more sideway trading between 0.9841/1.0053. Nonetheless, recent decline from 1.0552 is still in favor to continue and break of 0.9841 should pave the way to test on 0.9725 support next. |
| Economic Indicators Update | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Orders and Options Watch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
European Session: Orders and Options WatchEUR: Despite yesterday's retreat to 1.3069 on rumors of French downgrade, the single currency found renewed buying interests from Asian CBs there and has staged a strong rebound in New York session in part due to the Spanish 10-year auction and mixture of offers and stops at 1.3170-80 is now in focus, more selling interests should emerge around 1.3210-20. On the downside, bids from same parties plus Eastern European names are tipped at 1.3100-10 with some stops placed below 1.3065 and also 1.3050. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea: USD/JPY – Buy at 81.00This week’s rally from 80.29 to 81.74 (yesterday’s high) signals low has been formed there and bullishness remains for test of previous resistance at 81.87 and possibly towards 81.95-00 (61.8% Fibonacci retracement of 82.99-80.29), however, near term overbought condition should limit upside to 82.16 (61.8% Fibonacci retracement of 83.31-80.29) and price should falter well below resistance at 82.56. Trade Idea: USD/CHF – Hold long entered at 0.9130Failure to extend yesterday’s rebound from 0.9128 and the subsequent retreat from 0.9196 suggest further consolidation would be seen, however, as long as support at 0.9126 holds, mild upside bias remains for another rebound, above said resistance would bring test of 0.9210 but break there is needed to retain bullishness and signal another leg of rise from 0.9092 low is underway Candlesticks Intraday Trade Ideas Update Schedule (GMT): Elliott Wave Daily Trade Ideas Update Schedule (GMT): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Suggested Readings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fundamental Highlights
Technical Highlights
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
| ||||||||
No comments:
Post a Comment