| 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 Drops Further on Greece, Surging Spanish YieldEuro extends it's broad based decline today as Greece political uncertainties continue to weigh. In additional, Benchmark Spanish 10 year yield jumped above 6.3% today as Moody's noted that the country's bank plan will increase the government's debt burden. Bill auctions in Spain saw weaker demand and higher yield and exerts some pressure on the common currency, as well as European stocks. Dollar on the other hand, is broadly higher, except versus yen. Dollar index jumps to as high as 80.67 so far with additional help from sharp decline in gold, which broke 1560 level. |
|
| Featured Technical Report | |
USD/CHF Mid-Day OutlookDaily Pivots: (S1) 0.9276; (P) 0.9291; (R1) 0.9311; More.... USD/CHF rises further to as high as 0.9359 so far today. The break of 0.9334 resistance confirms resumption of rebound from 0.8903. Intraday bias remains on the upside and current rally should extend to retest 0.9594 high next. On the downside, below 0.9270 minor support will turn bias neutral and bring consolidation first. |
| Economic Indicators Update | |||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||
Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchCHF: The greenback extended recent rise from 0.9043 and offers at 0.9335-40 were filled, however, selling interests from European names are reported at 0.9390-00 and further out at 0.9450 (some are for profit-taking purposes). On the downside, bids from various parties (including Swiss and French names) are raised to 0.9310-20 and also at 0.9270-75 with stops building up below 0.9250. Traders are awaiting SNB chairman Jordan's speech later today at 15:45GMT. | |||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: GBP/USD – Sell at 1.6160Cable’s breach of previous support at 1.6062-67 suggests the decline from 1.6304 top is still in progress and further weakness to 1.6040 would be seen, however, near term oversold condition should limit downside to previous support at 1.6009 and psychological support at 1.6000 should hold on first testing, risk from there is seen for a rebound later. Trade Idea: EUR/JPY – Sell at 105.00As the single currency has remained confined within near term established range, suggesting further consolidation would be seen and as long as last week’s low at 102.76 holds, recovery to 104.00 cannot be ruled out, however, upside should be limited to 104.45 (last week’s high) and renewed selling interests should emerge around 105.00, bring another decline. 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