| 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: Euro Remains Pressured ahead of Bond AuctionsEuro remains broadly pressured in Asian session today as markets are cautious ahead of peripheral government bond auctions this week. In particular, Portugal, which's widely considered to be the most likely country to seek bailout after Greece and Ireland, will sell as much as EUR 1.25b debts this week. Spain and Italy will also have respective bond auctions too. Technically, Euro is generally weak against other major currencies. We're favoring more downside in EUR/USD through 1.29 and EUR/GBP is expected to continue its decline towards 0.8 psychological level again. EUR/CHF and EUR/AUD are both expected to make new record lows sooner or later. |
|
| Featured Technical Report | |
EUR/JPY Daily OutlookDaily Pivots: (S1) 106.64; (P) 107.59; (R1) 108.25; More Intraday bias in EUR/JPY remains on the downside with 107.77 minor resistance intact. Current decline from 115.56 is still in progress and should extend further to retest 105.42 low next. On the upside, above 107.77 will turn intraday bias neutral and bring consolidations. But outlook will remain bearish as long as 110.23 resistance holds. |
| Forex Brokers | |||||
|
| 2011 Currency and Monetary Policy Outlook | 2011 Elliott Wave Forecast |
Franc's Safe-Haven Status Remains In 2011, SNB To Tighten In Mid-Year Read more... JPY to be Weighed Down by Lower Yields and BOJ's Additional Easing Read more... Fiscal Tightening the Main Theme for UK in 2011 Read more... Uneven Growth Story Prolongs EZ's Hard Time while Money-Printing Nature in SMP will Send Euro Lower Read more... US - A Shift from Monetary to Fiscal Stimulus Read more... |
|
| Economic Indicators Update |
| ||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea: USD/CHF – Buy at 0.9560Although the greenback rebounded to an intra-day high of 0.9699 this morning, as dollar has retreated after faltering below last week's high at 0.9708, suggesting further consolidation below this level would take place and another corrective fall to 0.9600 cannot be ruled out, below would bring retracement to the Ichimoku cloud bottom (now at 0.9592), however, renewed buying interest should emerge around 0.9560/65 (38.2% Fibonacci retracement of 0.9323 to 0.9708) and bring another upmove. Trade Idea: EUR/USD – Sell at 1.3020Although the single currency extended last week's selloff to as low as 1.2860 this morning, as euro has recovered from there, suggesting consolidation above this level would take place and test of Kijun-Sen (now at 1.2947) is likely, above would bring retracement towards the Ichimoku cloud bottom (now at 1.3031) where renewed selling interest should emerge, bring another decline 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