| 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 |
Daily Report: Dollar Soft as Risk Sentiments FirmDollar remains soft in Asia today as optimism from Friday's US job report was carried through to today's open. Asian equities are generally higher with Nikkei up 1.61% to close at 9261. IMF's First Managing Director John Lipsky said on Sunday that G20 delegates are "mainly confident that there is a moderate recovery underway globally." Lipsky said that things are moving "more or less in line with our forecasts" even though there are risks and challenges. Volatility in Forex markets is subdued with US and Canada markets on holiday and we'd expect markets to be relatively quiet. |
|
| Featured Technical Report | |
USD/CAD Daily OutlookDaily Pivots: (S1) 1.0322; (P) 1.0445; (R1) 1.0509; More. Intraday bias in USD/CAD remains on the downside with 1.0470 minor resistance intact. As noted before, rebound from 1.0106 should be finished at 1.0671 already, after failing 1.0675 resistance. USD/CAD is still bounded inside sideway trading in range of 1.0106 and 1.0851. Further decline could now be seen to 1.0246 support and below. Though, we'd expect strong support from around parity to contain downside and bring another rebound. On the upside, above 1.0470 minor resistance will turn intraday bias neutral first. |
| Forex Brokers | ||||||
|
| Economic Indicators Update |
Attend The Futures & Forex Expo Las Vegas, September 23-25, at Caesars Palace, where industry experts will help Forex & Futures traders make profitable trading decisions. Register FREE | ||||||||||||||||||||
| |||||||||||||||||||||
| Candlesticks and Ichimoku Intraday Trade Ideas | |||||||||||||||||||||
Trade Idea: EUR/USD – Sell at 1.2960Although the single currency has maintained a firm undertone and recent rise from 1.2588 low may extend gain to 1.2936 (1.618 times projection of 1.2588 to 1.2780 measuring from 1.2625), loss of near term upward momentum should prevent sharp move beyond there and reckon 1.2960/65 (50&% Fibonacci retracement of 1.3334-1.2588) would limit upside and bring retreat later. Trade Idea: USD/JPY – Hold long entered at 84.50Despite Friday's brief rise to 85.23, the subsequent sharp retreat suggests caution on our long position entered at 84.50 and support at 84.00 needs to hold to retain our bullishness for another rebound, above said resistance would extend gain to 85.50, however, as broad outlook is still consolidative, reckon resistance at 85.91 would hold and further choppy trading within 83.58-85.91 range would take place later. | |||||||||||||||||||||
| Suggested Readings | |||||||||||||||||||||
Fundamental Highlights
Technical Highlights | |||||||||||||||||||||
| ||||||
No comments:
Post a Comment