| 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: Dollar Selling Resumes after Poor Non-Farm PayrollDollar is back under press after release of much worse than expected job report. Non-farm payroll showed -95k contraction in the job market in September, versus expectation of 5k rise. Prior month's figure was also revised slightly down to -57k. Unemployment rate, though, was unchanged at 9.6%. UD/JPY dives through 82 level immediately after the release which other major currencies are starting to rebuild momentum versus the greenback. Gold is also back above 1340 level. |
|
| Featured Technical Report | |
USD/JPY Mid-Day OutlookDaily Pivots: (S1) 82.00; (P) 82.51; (R1) 82.93; More. USD/JPY drops further to as low as 81.94 in early US session. Intraday bias remains on the downside and further decline should be seen to 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 | ||||||
|
| Special Report |
ECB Leaves Rates Unchanged, More Upbeat on Money MarketsThe ECB leaves the main refinancing rate unchanged at 1% and reiterates that the current keyinterest rates are appropriate. Despite unchanged monetary policy, the tone of the accompanying statement is more hawkish than before and shows no signs of delaying the schedule of exiting stimulus. The central bank retains a moderate growth and price outlook in the medium-term. At the press conference, President Trichet once again warned of that adverse impacts of high currency volatility on the economy and restated his support on a 'strong dollar'. |
| Economic Indicators Update | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Suggested Readings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fundamental Highlights
Technical Highlights | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||
No comments:
Post a Comment