Action Insight Daily Report 8-6-10

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 in Range ahead of Non-Farm Payroll Dollar is staying in tight range as traders await July's Non-Farm Payroll report today. The headline number is expected to show -75k contraction in the job market while private jobs are expected to grow by 80k. Nevertheless, the range of expectation is wide from 20k to 150k and the main focus would be on whether growth is better or worse than prior month's data, 83k before revision. Unemployment rate is expected to edge higher to 9.6%. Better than expected economic data released this week cooled speculations on more fed easing and thus gave dollar a breath in recent decline. However, the greenback is vulnerable to another fall against yen and european majors in case of downside surprise today. Full Report Here...
Featured Technical Report
USD/JPY Daily Outlook Daily Pivots: (S1) 85.52; (P) 85.99; (R1) 86.26; More. Intraday bias in USD/JPY remains neutral as consolidations from 85.31 continues. Another rise might be seen but after all, 88.11 resistance is needed to indicate bottoming. Otherwise, outlook will remain bearish and we'd expect after fall. Below 85.31 will target a retest on 84.81 low next. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Forex Brokers

Special Reports

ECB Delivered Upbeat Economic Outlook While ECB maintained the main refinancing rate at 1%, the upbeat economic outlook was encouraging. President Trichet said in the statement that there's 'strengthening in economic activity in the second quarter of 2010' while data for the third quarter are 'better than expected'. The central bank continued to view the current key ECB interest rates remain 'appropriate' and 'the risks to the economic outlook are broadly balanced in an environment of uncertainty'. Read more...

Economic Indicators Update	Attend The Futures & Forex Expo Las Vegas, September 23-25, at Caesars Palace, where industry experts will help Forex & Futures traders make profitable trading decisions. Register FREE
GMT Ccy Events Actual Consensus Previous Revised -- GBP NIESR GDP Estimate Jul -- 0.70% 1:30 AUD RBA Quarterly Monetary Policy Statement -- -- 5:00 JPY Leading Index Jun P 98.90% 98.90% 98.60% 98.60% 5:45 CHF Unemployment Rate Jul 3.80% 3.90% 3.90% 8:30 GBP PPI Input M/M Jul -0.40% -0.20% 8:30 GBP PPI Input Y/Y Jul 11.40% 10.70% 8:30 GBP PPI Output M/M Jul 0.10% -0.30% 8:30 GBP PPI Output Y/Y Jul 4.90% 5.10% 8:30 GBP PPI Output Core Y/Y Jul 4.50% 4.80% 8:30 GBP Industrial Production M/M Jun 0.30% 0.70% 8:30 GBP Industrial Production Y/Y Jun 1.90% 2.60% 8:30 GBP Manufacturing Production M/M Jun 0.50% 0.30% 8:30 GBP Manufacturing Production Y/Y Jun 4.10% 4.30% 10:00 EUR German Industrial Production M/M Jun 0.90% 2.60% 11:00 CAD Net Change in Employment Jul 10.3K 93.2K 11:00 CAD Unemployment Rate Jul 7.90% 7.90% 12:30 USD Change in Non-farm Payrolls Jul -75K -125K 12:30 USD Unemployment Rate Jul 9.60% 9.50% 14:00 CAD Ivey PMI Jul 56.3 58.9
Candlesticks and Ichimoku Intraday Trade Ideas
Trade Idea: GBP/USD – Hold long entered at 1.5855 Although the British pound retreated quite sharply from 1.5925 to 1.5824, as the British pound has rebounded after holding above indicated support at 1.5820, retaining our bullishness and break of said resistance at 1.5925 would signal the correction from 1.5968 has ended at 1.5820 and bring resumption of upmove for a retest of this level later. Read more...
Suggested Readings
Fundamental Highlights We Expect Slight Decrease In Nonfarm Payrolls Today Another Mixed Session For The Greenback Overnight Recovery Signs Push JPY Down, NFP On Tap Markets Brace Themselves For The Upcoming NFP! Attention Turns To The US Jobs Report Technical Highlights FX Technical Analysis Daily Technical Outlook Daily Technical Analysis The Daily Forecaster: AUDUSD The Daily Wave Analysis

Forward this report to a friend! This email was sent to rsmithadverts.pewpew@blogger.com by contact@actionforex.com. Update Profile/Email Address | Instant removal with SafeUnsubscribe™ | Privacy Policy. Email Marketing by Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong

Action Insight Mid-Day Report 8-5-10

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: Markets Stay in Range, ECB and BoE on Hold Markets continue to stay in familiar range after ECB and BoE left rates unchanged while US jobless came miss expectations. ECB left rates unchanged at 1% for the 16th consecutive month as widely expected. President Trichet said in the press conference that current raters are "appropriate" and expects "price developments to remain moderate". Economic data in Q3 were so far "better than expected" but Trichet warned again that recovery will be "moderate and uneven". After all, there is no change in markets' expectation that ECB is in no rush to remove policy accommodation any time soon. Full Report Here...
Featured Technical Report
GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.5838; (P) 1.5900; (R1) 1.5945; More. GBP/USD is still staying in consolidation below 1.5967 for the moment. Deeper retreat could be seen to 4 hours 55 EMA (now at 1.5704) and below. But still, recent rally should still be in progress as long as 1.5546 cluster support holds (which is close to 50% retracement of 1.5123 to 1.5967 and 23.6% retracement from 1.4230 to 1.5967). Sustained trading above 61.8% retracement of 1.7043 to 1.4230 at 1.5968 will pave the way to retest 1.7043 resistance next. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Forex Brokers

Economic Indicators Update	Attend The Futures & Forex Expo Las Vegas, September 23-25, at Caesars Palace, where industry experts will help Forex & Futures traders make profitable trading decisions. Register FREE
GMT Ccy Events Actual Consensus Previous Revised 22:45 NZD Employment Change Q/Q Q2 -0.30% 0.50% 1.00% 22:45 NZD Unemployment Rate Q2 6.80% 6.20% 6.00% 10:00 EUR German Factory Orders M/M Jun 3.20% 1.50% -0.50% -0.10% 11:00 GBP BoE Rate Decision 0.50% 0.50% 0.50% 11:00 GBP BoE Asset Purchase Target 200B 200B 200B 11:45 EUR ECB Rate Decision 1.00% 1.00% 1.00% 12:30 EUR ECB Press Conference 12:30 USD Initial Jobless Claim 479K 456K 457K 12:30 CAD Building Permits M/M Jun 6.50% 0.60% -10.80% 14:30 USD Natural Gas Storage 32B 28B
Elliott Wave Daily Trade Ideas
Trade Idea: AUD/USD – Sell at 0.9220 Although aussie has eased after rising to 0.9184 yesterday, as long as 0.9070 holds, upside bias remains for marginal gain to 0.9185/90 (100% projection of 0.8315 to 0.8871 measuring from 0.8633 and 1.618 times projection of 0.8908-0.9044 measuring from 0.8965), however, loss of upward momentum should limit upside to 0.9220/30 and reckon 0.9290/00 would hold, bring retreat later. Read more...
Candlesticks and Ichimoku Intraday Trade Ideas
Trade Idea Update: GBP/USD – Buy at 1.5855 Cable's intra-day rebound from 1.5820 suggests the correction from 1.5968 has ended there and consolidation with upside bias is seen, however, break of said resistance at 1.5968 is needed to confirm upmove has resumed and extend gain to psychological resistance at 1.6000, possibly towards 1.6050. Read more... Trade Idea Update: USD/JPY – Buy at 85.70 The greenback has remained sidelined in line with our expectation and further consolidation would take place, although test of the Kijun-Sen (now at 85.92) is likely, the Ichimoku cloud bottom (now at 85.57) should contain downside and bring another leg of corrective upmove later. Read more...
Suggested Readings
Fundamental Highlights Euro Debt Crisis Watch Sterling Set to Drift Weaker Euro Pares Losses Ahead of ECB - Dollar Retreats The Federal Reserve and Quantitative Easing Technical Highlights FX Thoughts for the Day Usd/Jpy: Bullish Reversal Forex Technical Analysis

Forward this report to a friend! This email was sent to rsmithadverts.pewpew@blogger.com by contact@actionforex.com. Update Profile/Email Address | Instant removal with SafeUnsubscribe™ | Privacy Policy. Email Marketing by Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong

Learn How To Trade Currencies

From Our Advertiser

Learn How To Trade   Currencies      We'll teach you how to trade currencies,      indices and commodities - in simple, beginner-friendly steps!     1-on-1 Training     Step-by-step, at-your-pace guidance from Industry Specialists     Practice Makes Perfect     Open a Practice Account and trade in the real market with      real tools - risk-free. It's fun!     Beginners Trading Guide     Get Your Market Basics Covered! Easy to read, enjoyable      and informative!     Weekly Market News & Analysis     Access the same ones the pros rely on - but simplified for beginners!     * Didn't You Always Want to Trade? Your First Step Starts Now!        To Start Your Currencies Training, Open a FREE Practice Account!   GFC Markets offers a Safe and Secure trading environment. We respect your privacy. Obtaining your training is absolutely free. Your details will never be shared. Risk Warning: Trading in forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss. Such trading is not suitable for all investors so you must ensure that you fully understand the risks before trading. Please read GFC Markets "Risk Disclosure Document" which gives you a fuller explanation of some of the risks involved. Risk Warning: Trading in forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss. Such trading is not suitable for all investors so you must ensure that you fully understand the risks before trading. Please read the "Risk Disclosure Document" which gives you a detailed explanation of some of the risks involved. Bounus Terms & Conditions: In order to withdraw your bonus you must execute a minimum trading volume of $10,000 for every $1 bonus. For example, if you received a $100 bonus you will need to have a minimum trading volume of $1,000,000 in order to withdraw your bonus. Please note, you may withdraw funds from your account before reaching the minimum trading volume; however, by doing so you forfeit the bonus amount. Your information will never be shared with a third party, for more information please read our Privacy Policy document.

Forward this report to a friend! This email was sent to rsmithadverts.pewpew@blogger.com by contact@actionforex.com. Update Profile/Email Address | Instant removal with SafeUnsubscribe™ | Privacy Policy. Email Marketing by Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong

Action Insight Daily Report 8-5-10

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: EUR and GBP Retreats Further ahead of ECB and BoE, NZD Tumbles on Poor Job Data Euro and Sterling continue to retreat against dollar ahead of ECB and BoE rate decision. Dollar enjoyed a strong rebound overnight as speculations on more quantitative easing from Fed were cooled by solid economic data. More recovery would likely be seen in the greenback against European majors but momentum could remain mild as traders are cautious ahead of Friday's NFP. Meanwhile, Aussie is dragged down by weakness in Kiwi after a much poorer than expected employment report. Full Report Here...
Featured Technical Report
GBP/USD Daily Outlook Daily Pivots: (S1) 1.5838; (P) 1.5900; (R1) 1.5945; More. The break of 1.5860 minor support suggests that a temporary top is in place at 1.5967 after just missing 61.8% retracement of 1.7043 to 1.4230 at 1.5968. Intraday bias is now mildly on the downside for retreat towards 4 hours 55 EMA (now at 1.5689). Nevertheless, recent rally should still be in progress as long as 1.5546 cluster support holds (which is close to 50% retracement of 1.5123 to 1.5967 and 23.6% retracement from 1.4230 to 1.5967). Sustained trading above 1.5968 will pave the way to retest 1.7043 resistance next. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Forex Brokers

Special Reports

Central Bank Previews: RBA, ECB, BOE Despite the positive stress test result and recent stronger-than-expected economic data the ECB should maintain its monetary stance and keep the main refinancing rate unchanged at 1%. President Trichet should reiterate in the meeting statement that the current key ECB interest rates are 'appropriate' and the 'risks to the economic outlook are broadly balanced, in an environment of high uncertainty'. Read more...

Economic Indicators Update	Attend The Futures & Forex Expo Las Vegas, September 23-25, at Caesars Palace, where industry experts will help Forex & Futures traders make profitable trading decisions. Register FREE
GMT Ccy Events Actual Consensus Previous Revised 22:45 NZD Employment Change Q/Q Q2 -0.30% 0.50% 1.00% 22:45 NZD Unemployment Rate Q2 6.80% 6.20% 6.00% 10:00 EUR German Factory Orders M/M Jun 1.50% -0.50% 11:00 GBP BoE Rate Decision 0.50% 0.50% 11:00 GBP BoE Asset Purchase Target 200B 200B 11:45 EUR ECB Rate Decision 1.00% 1.00% 12:30 USD Initial Jobless Claim 456K 457K 12:30 CAD Building Permits M/M Jun 0.60% -10.80% 14:30 USD Natural Gas Storage 32B 28B
Candlesticks and Ichimoku Intraday Trade Ideas
Trade Idea: USD/CHF – Buy at 1.0450 Yesterday's rally signals a temporary low has been formed earlier at 1.0348 and consolidation with upside bias is seen for gain to 1.0555, break there would bring a stronger retracement of recent decline towards 1.0590/00, however, reckon resistance at 1.0640 would hold from here and further choppy consolidation would take place ahead of Friday's release of U.S. data. Read more... Trade Idea: USD/JPY – Buy at 85.70 Although dollar has retreated after intra-day rise to 86.46, as yesterday's strong rebound from 85.32 suggests a temporary low has been formed, reckon the Ichimoku cloud bottom (now at 85.77) would contain weakness and consolidation with upside bias is seen for retracement of recent decline to 86.72 (50% Fibonacci retracement of 88.12 to 85.32), however, reckon resistance at 86.89-99 would limit upside and price should falter below 87.05 (61.8% Fibonacci retracement). Read more...
Suggested Readings
Fundamental Highlights Central Bank Meetings To Dominate Headlines The Dollar Earns A Reprieve Following Better US Data ECB And BoE Rate Decisions, No Change Expected! EUR/USD Consolidates Gains Ahead of ECB Rate Decision Technical Highlights FX Technical Analysis Daily Technical Outlook $/Yen, Wedge In A Wedge Daily Technical Analysis The Daily Wave Analysis

Forward this report to a friend! This email was sent to rsmithadverts.pewpew@blogger.com by contact@actionforex.com. Update Profile/Email Address | Instant removal with SafeUnsubscribe™ | Privacy Policy. Email Marketing by Action Forex Company Limited | Room 1707, 17/F | Treasure Center | 42 Hung To Road | Kwun Tong | Kowloon | 852 | Hong Kong