| 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 Market Overview | Markets Snapshot |
Mid-Day Report: Euro Recovers But StayS in Familiar Range, RBNZ NextEuro recover mildly today but is kept in familiar range. At this point, traders seem to be reluctant to bet on either direction ahead of Greece election on Sunday. Recent polls continued to show mixed prediction. One of them showed New Democracy continuing to lead Syriza while the other showed Syriza leads. An important news is that Syria leader Alexis Tsipras wrote in Financial Times and pledged to keep Greece in Euro. But, he would seek to work on an easier bailout deal with EU and IMF. Meanwhile, it's reported that EU leaders might consider relaxing the austerity program after the election. After all, as Fitch said, there is "enormous uncertainty" in the Greece situation. And Fitch warned that Greece exit would have significant contagion risks to the region. And, ahead of the important elections, Greek deposit outflows have been accelerating. It's reported that daily withdrawals in Greece has jumped to EUR 100m to 500m range in June, and could have possibly exceeded EUR 700m this week. |
|
| Featured Technical Report | |
USD/CHF Mid-Day OutlookDaily Pivots: (S1) 0.9576; (P) 0.9613; (R1) 0.9642; More.... USD/CHF weakens mildly today but stays in range of 0.9477/9657 and intraday bias remains neutral. Focus remains on 0.9657 minor resistance. Break there will indicate that correction from 0.9771 is finished and should send USD/CHF through 0.9771 to next key resistance level at 0.9916. Nonetheless, below 0.9477 and 38.2% retracement of 0.9041 to 0.9771 at 0.9492 will bring deeper fall to 61.8% retracement at 0.9320 before the correction from 0.9771 finishes. |
| Special Reports |
RBNZ To Leave OCR At 2.5%The RBNZ will likely leave the OCR unchanged at 2.5% at its June meeting. Despite the heightened uncertainty in the Eurozone and the loss of momentum in global economic recovery in recent weeks, policymakers have been hesitant to lower interest rates further due to concerns over renewed credit boom. The central bank would prefer to gauge the global and domestic situation with more information before adding further stimulus. Tactically, delaying a rate cut to a worse period would be more effective in bolstering growth and sentiment. That being said, the accompanying statement would deliver a message that the central bank would consider policy easing should the situation deteriorate further. |
| Economic Indicators Update | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Orders and Options Watch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Session: Orders and Options WatchEUR: The single currency jumped in European session on back of fresh gain in Spanish yields, however, offers above 1.2550-60 capped euro's upside so far and price has retreated in New York opening. At the moment, option related offers are still noted at 1.2550-60 and further out at 1.2590-00 with more selling interests likely to emerge around 1.2620-30. On the downside, bids from Middle East and Asian names are reported at 1.2500, 1.2470-75 and also at 1.2440-50 with stops building up below 1.2430 and also in good size at 1.2400. A large 1.2500 option is going to expire later today. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/CHF – Buy at 0.9520Despite yesterday’s rise to 0.9650, as dollar has retreated after faltering below indicated resistance at 0.9657 (last Friday’s high), retaining our view that further consolidation would be seen and pullback to 0.9550 is likely, however, previous support at 0.9515 should attract renewed buying interests, bring another rise later. Trade Idea: AUD/USD – Hold long entered at 0.9850The Australian dollar found renewed buying interests at 0.9850 yesterday and has rebounded in line with our expectations, retaining our bullishness for another test of this week’s high of 1.0010, however, break above there is needed to extend the rise from 0.9581 low for a stronger retracement of recent decline to previous resistance at 1.0053 and then 1.0080 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