| 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 in Range, No Resolution from IMF on Currency TensionDollar is generally soft across the board as the week starts but manages to hold on to range exchange versus yen. IMF meeting over the weekend failed to resolve the currency tension. In the statement titled 'IMF Stepping Up Focus on Global Systemic Stability', the communique pledged to 'continue working collaboratively to secure strong, sustainable, and balanced growth and to refrain from policy actions that would detract from this shared goal'. Moreover, it said it would 'work towards a more balanced pattern of global growth, recognizing the responsibilities of surplus and deficit countries and address the challenges of large and volatile capital flows, which can be disruptive'. The statement unveiled financial chiefs' acknowledgement of the conflicts between both sides. Yet, little was agreed on how to deal with the issue. |
|
| Featured Technical Report | |
USD/JPY Daily OutlookDaily Pivots: (S1) 81.57; (P) 82.07; (R1) 82.41; More. USD/JPY edges lower to 81.54 today and at this point, intraday bias remains on the downside with 82.55 minor resistance intact. Current fall should now target 61.8% projection of 92.87 to 82.86 from 85.92 at 79.73, which is close to 79.75 low. On the upside, above 82.55 minor resistance will turn intraday bias neutral first. But break of 83.15 resistance is needed to be first signal of bottoming. Otherwise, outlook will remain bearish. |
| Forex Brokers | ||||||
|
| Economic Indicators Update | | ||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||
| Candlesticks and Ichimoku Intraday Trade Ideas | |||||||||||||||||||||||||||||||||||
Trade Idea: GBP/USD – Buy at 1.5880As the British pound has staged a strong rebound after falling marginally to 1.5824 on Friday, suggesting the correction from last week's high of 1.6019 has possibly ended there and consolidation with upside bias is seen for gain to 1.5990/00, however, break of said last week's high is needed to confirm upmove has resumed to 1.6050/60, otherwise, further consolidation would take place. Trade Idea: EUR/USD – Buy at 1.3925Despite intra-day rise to 1.4012, as the single currency has retreated after faltering well below last week's high of 1.4030, suggesting further consolidation would take place and pullback to the Kijun-Sen (now at 1.3921) cannot be ruled out, however, reckon the lower Kumo (now at 1.3914) would limit downside and bring another rebound later. | Suggested Readings | ||||||||||||||||||||||||||||||||||
Fundamental Highlights
Technical Highlights | |||||||||||||||||||||||||||||||||||
| ||||||
No comments:
Post a Comment