| 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 Maintains Gain ahead of ECB, Spain Bond AuctionEuro maintains yesterday's strong Portugal bond sales triggered gains and is firm against the greenback. Focus will turn to ECB meeting and Spain bond auctions today. No change in monetary policy is expected at the January ECB meeting. While economic data released since the previous meeting have shown better momentum in the region's economic activities, the central bank would view these as premature to alter monetary decisions. At the press conference, we expect lots of questions about ongoing sovereign debt crisis in peripheral countries and the ECB's tendency to purchase more debts.The BOE will also leave the Bank rate at 0.5% and the asset-purchase program at 200B pound. |
|
| Featured Technical Report | |
EUR/JPY Daily OutlookDaily Pivots: (S1) 108.22; (P) 108.61; (R1) 109.38; More EUR/JPY's recovery extends further to as high as 109.13 so far. At this point, intraday day bias is mildly on the upside for further recovery. Nevertheless, outlook will remain bearish as long as 110.23 resistance holds and we'd favor another fall. Below 107.84 minor support will flip bias back to the downside. Further break of 106.81 will bring retest of 105.42 low next. However, break of 110.23 will argue that fall from 115.56 might be finished and bring stronger rebound. |
| Forex Brokers | |||||
|
| Special Reports |
ECB And BOE To Stay On The SidelinesNo change in monetary policy is expected at the January ECB meeting. While economic data released since the previous meeting have shown better momentum in the region's economic activities, the central bank would view these as premature to alter monetary decisions. At the press conference, we expect lots of questions about ongoing sovereign debt crisis in peripheral countries and the ECB's tendency to purchase more debts. |
| 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 Update: GBP/USD – Sell at 1.5600Despite intra-day retreat to 1.5475, as the British pound has recovered after holding above the Ichimoku cloud bottom, suggesting further consolidation would be seen and a break of the lower Kumo (now at 1.5461) is needed to confirm the rebound from 1.5407 has ended at 1.5579 last Friday and bring further weakness to 1.5425. Trade Idea Update: EUR/USD – Sell at 1.3020Although euro has remained under pressure, a break of intra-day support at 1.2860 is needed to extend recent downtrend towards 1.2843 (50% projection of 1.4283 to 1.2969 measuring from 1.3500) but reckon 1.2795 (61.8% Fibonacci retracement of 1.1876 to 1.4283) would remain intact due to oversold condition, bring rebound 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