| 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: Sterling Strong on Sovereign Demand, Dollar Retreats Further after Jobless ClaimsDollar extends retreat in early US session as better than expected initial jobless claims data lifts risk appetite mildly. Meanwhile, Sterling's strength is most impressive today. The pound's decline somewhat halted after stronger than expected Q3 GDP data cooled speculation of QE extension from BoE in near term. Additional boost is seen from talk that there are persistent buying interest on UK sovereign bonds from Middle East. EUR/GBP is back pressing 0.87 level and looks likely to take it out decisively to confirm short term reversal. We'd likely see sterling strengthen further ahead. |
|
| Featured Technical Report | |
GBP/USD Mid-Day OutlookDaily Pivots: (S1) 1.5710; (P) 1.5788; (R1) 1.5845; More. GBP/USD's break of 1.5894 indicates that rebound from 1.5649 has resumed. Intraday bias is back to the upside and further rise should be seen towards 1.6104 resistance. Though, decisive break there is still needed to confirm resumption of rally from 1.5296. Otherwise, we'd expect more sideway trading in range of 1.5649/1.6104 first. Near term outlook in GBP/USD is quite mixed for the moment as bearish divergence condition in daily MACD suggested it has topped. However, strong support from 55 days EMA argues that rally is still in progress. We'll see which side of the range GBP/USD breaks out before taking a stance. |
| Forex Brokers | ||||||
|
| Special Reports |
RBNZ Keeps OCR At 3%. Accompanying Statement Less DovishThe RBNZ left the OCR unchanged at 3% for a third consecutive month. While this was widely anticipated, the accompanying statement was less dovish than previously fears despite disappointing economic data since the September meeting. Policymakers acknowledged that recent data has turned out 'weaker-than-expected' but believed the 'medium-term outlook for the New Zealand economy remains broadly in line with that assumed at the time of the September MPS' and 'overall, continued GDP growth is expected to gradually absorb current surplus capacity over the next few years'. |
| Economic Indicators Update | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Candlesticks and Ichimoku Intraday Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: GBP/USD – Long entered at 1.5780 met target and look to buy again on pullbackCurrent anticipated rally together with the break of resistance at 1.5897 confirm our view that the rise from 1.5650 is still in progress and a strong retracement of the decline from 1.6108 is underway for gain to 1.5933 (61.8% Fibonacci retracement of 1.6108 to 1.5650) but reckon previous support at 1.5970 would hold on first testing. Trade Idea Update: USD/CHF – Buy at 0.9800Although the greenback has rebounded after intra-day retreat to 0.9841, above 0.9915 is needed to signal pullback from 0.9930 has ended and bring resumption of recent rise from 0.9463, otherwise, further consolidation would take place and another corrective fall cannot be ruled out, however, 0.9794-96 should limit downside, bring another rally later. 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