 |
| 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: Dollar Strengthens as Unemployment Rate Dropped to 9.0%Dollar is attempting to rebound further against other major currencies after NFP report. Job growth data was disappointing at 36k in January comparing to expectation of 135k even though prior month's figure was revised up slightly from 103k to 121k. It's the unemployment rate that shocked the market, which fell from 9.4% to 9.0%, the lowest number since April 2009. Markets interpret the poor 36k number as a result of weather while that doesn't affect the view that underlying job conditions continued to improve. |
|
| Featured Technical Report | |
USD/CHF Mid-Day OutlookDaily Pivots: (S1) 0.9391; (P) 0.9458; (R1) 0.9521; More. USD/CHF's rebound from 0.9329 extends further to as high as 0.9565 in early US session and the break of near term falling channel resistance argues that choppy fall from 0.9782 is over at 0.9328. Intraday bias is cautiously on the upside as long as 0.9424 minor support holds, for 0.9686 resistance. Break there will indicate that whole rebound from 0.9300 might be resuming for 0.9782 and above. On the downside, below 0.9424 minor support will turn focus back to 0.9300/9329 support zone instead. |
| Special Report |
ECB Kept Policy Rate at 1%, Remained Dovish Although Inflation OvershotAs expected, the ECB left the main refinancing rate unchanged at 1% as economic developments since the last meeting suggested interest rates remained 'appropriate'. While energy and commodity prices will continue to put upward pressure on overall inflation in the short-term, inflationary pressures over the medium to long term should remain contained. |
| Economic Indicators Update |
| ||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||
Remark: Due to Chinese New Year holidays, next Candlesticks and Ichimoku Trade Idea update will be made on Monday 7 Feb. 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