| Action Insight Mid-Day Report | Dollar Rally Halts as DOW Holds on to 11000 Dollar's rally halts in early US session as the negative sentiments from Goldman Sach's case is countered by solid earnings report from Citigroup. DOW opens nearly flat and is still holding on to 11000 level. Meanwhile, crude oil is getting some support above 80 level and stabilizes after earlier selloff. Some consolidations might be seen first but still, markets sentiments is in a vulnerable state and the greenback and yen would be pushed higher if DOW gives way to 1100 level later in the session. Full Report Here... | | Elliott Wave Analysis | Trade Idea: EUR/JPY - Sell At 124.70 Euro's breach of support at 123.43 has dampened our bullishness and signals only a leg of wave ii has ended there, followed by b leg at 127.69 and c leg of wave ii is still in progress and may extend weakness to 122.60/70, however, support at 121.05 support (wave ii trough) should remain intact and bring rebound later. Full Report Here... Trade Idea: AUD/USD - Exit Long Entered At 0.9170 Intra-day selloff on massive risk aversion adds credence to our view that only a leg of wave (ii) ended at 0.9225, followed by b leg at 0.9365 and c leg of wave (ii) is under way and downside risk is seen for further weakness to 0.9149 (61.8% Fibonacci retracement of 0.9001 to 0.9389) and possibly to 0.9090/00 before prospect of another rebound later this week. Full Report Here... | | Featured Technical Report | Market Highlights | USD/JPY Mid-Day Outlook Daily Pivots: (S1) 91.67; (P) 92.40; (R1) 92.91; More. USD/JPY dropped to as low as 91.59 earlier today but drew support from mentioned 61.8% retracement of 89.83 to 94.68 at 91.68 and recovered. Intraday bias is turned neutral for the moment. On the upside, above 92.57 minor resistance will suggest the correction from 94.68 is completed and will flip bias back to the upside for retesting this resistance first. However, note that sustained trading below 94.68 will argue that whole rise from 88.13 might have completed too and will bring deeper fall to near term trend line support at 89.67, Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPJPY | 140.65 | 141.58 | -93 | -0.66% | | GBPUSD | 1.5266 | 1.5361 | -95 | -0.62% | | AUDNZD | 1.2963 | 1.3041 | -78 | -0.60% | | CHFJPY | 86.37 | 86.83 | -46 | -0.53% | | USDCHF | 1.0666 | 1.0614 | +52 | +0.49% | Last Updated: Apr 19, 14:05 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Apr 19, 14:05 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:01 | GBP | Rightmove House Prices M/M Apr | 2.60% | -- | 0.10% | | | 23:01 | GBP | Rightmove House Prices Y/Y Apr | 6.00% | -- | 5.30% | | | 5:00 | JPY | Consumer Confidence Households Mar | 40.9 | 39.8 | 39.8 | | | 12:30 | CAD | International Securities Transactions (CAD) Feb | 6.72B | -- | 11.830B | | | 13:00 | USD | Fed Evans Speaks | | -- | -- | | | 13:00 | USD | Fed Chairman Bernanke Speaks | | -- | -- | | | 14:00 | USD | Leading Indicators Mar | 1.4% | 1.00% | 0.10% | | | 20:00 | USD | Fed Duke Speaks | | -- | -- | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
Attend The Traders Expo in Los Angeles, June 9-12, at the Pasadena Convention Center; your best opportunity in 2010 to meet face to face with the experts, test the latest products and software, and network with other traders to find out what’s working for them…and what isn’t. Attend free, learn from trading experts, and become a more confident, profitable trader. Register FREE 
| |
No comments:
Post a Comment