| 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 Mildly Higher as Yield Climbs againUSD/JPY strengthens today as US treasury yield continues to climb in Asian markets. Yield on 10 year note extends last week's rally and is staying above 3.3% for the moment, once reaching as high as 3.38%. Spread between 2- and 10-year yields also widened to most since May. Dollar is seen mildly firmer against other major currencies today even though risk appetite is solid in Asian markets. Reactions to China's 5.1% yoy CPI was mild so far as some speculate that China would refrain from rate hike in near term after raising the reserve requirement ratio last week. |
|
| Featured Technical Report | |
USD/JPY Daily OutlookDaily Pivots: (S1) 83.59; (P) 83.80; (R1) 84.15; More. USD/JPY recovers strongly today but stays in tight range below 84.39, thus, intraday bias remains neutral. The mildly bullish outlook remains unchanged. Recent development suggests that rebound from 80.29 is not over yet. Break of 84.39 will confirm rise resumption for 85.92 cluster resistance next. On the downside, below 83.43 will flip intraday bias back to the downside. Also, break of 82.33 will revive the case that rebound from 80.29 is completed and will bring deeper fall towards 80 psychological level again. |
| Forex Brokers | ||||||
|
| Economic Indicators Update |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea: USD/JPY – Buy at 83.80Although dollar has maintained a firm undertone after Friday's rebound from 83.45, above recent high of 84.41 is needed to signal the upmove from 80.21 low has resumed and extend gain towards 84.75/80, then towards 85.00, otherwise, further choppy consolidation would take place. Trade Idea: EUR/USD – Sell at 1.3280Although the single currency has retreated after meeting renewed selling at 1.3283 on Friday, a break of support at 1.3164 is needed to signal the fall from 1.3452 top has resumed and extend weakness towards 1.3100/10, otherwise, further consolidation would take place. 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