 |  |
| 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: Risk Aversion Back as Greece CDS Makes Record High, Yen SurgesRisk aversion comes back to dominate the markets today as Greece's five-year sovereign credit default swaps jumped to new record high above 970 basis point today. Japanese yen is sharply higher with EUR/JPY breaks 110 level while USD/JPY also breaches 90 level. Dollar is mildly higher against other major currencies following yen. Sterling is also firm as supported by post BoE minutes strength as well as buying against Euro. European stocks are generally lower with major indices down around -1% while crude oil and gold are both soft. |
|
| Featured Technical Report | |
USD/JPY Mid-Day OutlookDaily Pivots: (S1) 89.49; (P) 90.04; (R1) 90.34; More. USD/JPY's fall extends further to as low as 89.24 so far today and intraday bias remains on the downside for 88.97 support. Break will will suggest that whole consolidations pattern from 88.25 is finished at 92.87 already and whole fall from 94.97 is resuming for 88.13 and below. On the upside, above 89.96 minor resistance will turn intraday bias neutral and bring consolidations but another fall will remain in favor as long as 91.46 resistance holds. |
| Forex Brokers | ||||||
|
| Special Reports |
Fed Delivered A Dovish Statement, Eurozone's Crisis Affected Rate DecisionsThe Fed delivered a dovish FOMC statement in June, citing high unemployment, subdued inflation, modest income growth, weak housing market, tight credit, as well as 'less supportive' financial conditions are reasons for keeping the policy rate 'exceptionally low' (0-0.25%) for an 'extended period'. |
| Economic Indicators Update |
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
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Elliott Wave Daily Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea: AUD/USD – Sell at 0.8760Despite yesterday's rebound to 0.8781, as aussie has retreated, suggesting further consolidation below this week's high of 0.8860 would be seen with downside bias for weakness to 0.8606 (38.2% Fibonacci retracement of 0.8195 to 0.8860), however, a sustained breach below 0.8580/85 is needed to signal the c leg of wave B has ended and extend weakness towards 0.8500/06. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Candlesticks and Ichimoku Intraday Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/JPY – Sell at 90.20As the greenback has recovered after intra-day fall to 89.25, suggesting minor consolidation would take place and above the Tenkan-Sen (now at 89.58) would bring retracement to the Kijun-Sen (now at 89.78), however, renewed selling interest should emerge around 90.20/30 and price should falter well below the Ichimoku cloud bottom (now at 90.46) , bring another decline later. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Suggested Readings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fundamental Highlights
Technical Highlights | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||
No comments:
Post a Comment