| 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: Sentiments Lifted by Ireland Optimism, Dollar Drops FurtherMarket sentiments are lifted as Ireland finally signaled that they will seek assistance from EU and IMF. Finance Minister Brian Lenihan said after a meeting with EU/IMF officials. Lenihan said that "if these talks were to result in a substantial contingency capital funding" pool, it would be a "very desirable outcome". No agreement is reached yet and Lenihan emphasized that deposits in the country's banks remained safe and covered by the government's guarantees. Nevertheless, the message is seen as the first signal that Ireland is finally conceding the possibility of bailout. Major European stocks indices are higher with FTSE and DAX up more than 1% while CAC rises more than 2%. Dollar is broadly lower with dollar index dips to as low as 78.43 so far. Strong rebound is also seen in gold. |
|
| Featured Technical Report | |
GBP/USD Mid-Day OutlookDaily Pivots: (S1) 1.5857; (P) 1.5902; (R1) 1.5951; More. GBP/USD's rebound from 1.5838 accelerates further to as high as 1.6028 so far and at this point, intraday bias is cautiously on the upside for 1.6182 resistance. Break there will confirm that pull back from 1.6298 is finished at 1.5848 after drawing support from near term rising trend line. In such case, recent rally should be resuming for another high above 1.6298. On the downside, below 1.5838 will bring another fall. But after all, we'd still expect strong support from 1.5649 to contain downside and bring rebound. |
| Forex Brokers | ||||||
|
| Economic Indicators Update | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Candlesticks and Ichimoku Intraday Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: GBP/USD – Buy at 1.5950Cable's intra-day euro-led rally signals near term rise from 1.5840 would bring retracement of recent decline to 1.6042 (previous support), however, reckon 1.6070 (50% Fibonacci retracement of 1.6300 to 1.5840) would limit upside and minor resistance at 1.6087 should hold, bring another decline later. Trade Idea Update: USD/CHF – Sell at 0.9920Dollar's sustained breach of the Ichimoku cloud bottom suggests near term downside bias remains for the fall from 0.9977 top to bring retracement of recent upmove to 0.9825-29 (50% Fibonacci retracement of 0.9672-0.9977, previous support as well as 38.2% Fibonacci retracement of 0.9588 to 0.9977), however, reckon 0.9783/87 (50% Fibonacci retracement of 0.9588 to 0.9977 and previous resistance) would contain weakness. 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