| 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: Risk Appetite Rebounds on Soaring Equities, Solid Spanish Bond AuctionRisk appetite stages a strong comeback today as boosted by solid US corporate earnings and raised forecasts from Intel. European indices are generally high while US index futures also point to strong open. Australian dollar rides on risk seeking sentiments and makes new record high against dollar while Canadian dollar on soars on strength in crude oil. Euro is lifted by solid Spanish bond auction and makes new 2011 high against dollar. |
|
| Featured Technical Report | |
USD/CHF Mid-Day OutlookDaily Pivots: (S1) 0.8959; (P) 0.8983; (R1) 0.9021; More. USD/CHF's break of 0.8895 support indicates that recent decline has resumed. Intraday bias is back on the downside for 61.8% projection of 0.9774 to 0.8921 from 0.9339 at 0.8812 next. On the upside, above 0.9006 resistance will bring another recovery. But upside should be limited by near term falling trend line (now at 0.9176) and bring down trend resumption. |
| Forex Brokers | |||||
|
| Special Reports |
BOE Monetary Stance Unchanged, May Tightening UnlikelyThe April BOE minutes unveiled that 3 members voted for a rate hike while the rest favored leaving the Bank rate unchanged as it's yet to confirm whether the slowdown in growth had been temporary. One member, while voting for maintenance of interest rates, preferred to increase the size of the asset-purchase program by +50B pound. On net, the minutes remained dovish and the central bank will probably leave the policy rate unchanged at 0.5% until 3Q11. |
| Economic Indicators Update |
The Traders Expo provides a chance to take a productive step back from the trading screen and look at the overall markets from a broader perspective. Join your fellow traders at The Traders Expo Dallas and experience it for yourself. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: EUR/USD – Buy at 1.4420Euro's breach of recent high at 1.4521 confirms our view that medium term uptrend has resumed and indicated projection target at 1.4540/45 (50% projection of 1.3752-1.4521 measuring from 1.4156) has been met, bullishness remains for further gain towards 1.4590/00, however, near term overbought condition should limit upside and reckon 1.4640/50 would hold from here, bring correction later. Trade Idea: USD/CAD – Sell at 0.9600Despite intra-day fall to 0.9498, as the greenback has recovered, suggesting consolidation above this level would take place and retracement to 0.9580/85 is likely, however, renewed selling interest should emerge around 0.9600 and bring another decline later. A break of said support would extend recent downtrend in wave 3 to 0.9450, however, as this move is viewed as the final leg of 3 reckon downside would be limited to 0.9400 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