 |
| 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: Euro Soars on "Vigilant" Trichet, ECB Raised Inflation ProjectionsEuro soars and is heading towards 1.4 psychological level against dollar after Trichet more than satisfies the market by delivering some hawkish messages. Most importantly, the magical word "vigilance" is mentioned in today's press conference and the word has been used to signal rate hike in the following meetings in the past. Trichet said that "strong vigilance is warranted with a view to containing upside risks to price stability." While April hike is certainly not a done deal, the word does suggest that ECB is moving very close to tightening cycle. ECB left rates unchanged at 1.00% today and also updated staff projections. GDP is seen in range of 1.3-2.1% in 2011 and 0.8-2.8% in 2012. HICP inflation is seen to be 2.0-2.6% in 2011 and 1-2.4% in 2012. The inflation projection has shifted upwards "due to the considerable rise in energy and food prices". |
|
| Featured Technical Report | |
EUR/USD Mid-Day OutlookDaily Pivots: (S1) 1.3775; (P) 1.3832 (R1) 1.3922; More. EUR/USD's rally extends further to as high as 1.3972 in early US session and intraday bias remains on the upside for 61.8% projection of 1.2873 to 1.3860 from 1.3427 at 1.4037. Break there will extend the whole rise from 1.2873 towards 1.4281 key resistance next. On the downside, below 1.3832 minor support will dampen this view and turn bias back to the downside. Nevertheless, near term outlook will remain bullish as long as 1.3427 support holds. |
| conomic Indicators Update | Learn Expert Strategies for Pulling Profits from the Markets. The London Traders Expo on April 8-9, 2011 at the Queen Elizabeth II Conference Centre. Visit The London Traders Expo online to register FREE. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/CHF – Hold short entered at 0.9250Dollar's intra-day rebound to 0.9274 suggests caution on our short position entered at 0.9250 and indicated minor resistance at 0.9282/85 needs to hold to retain bearishness for recent decline to resume after consolidation and a break of yesterday's low at 0.9202 would extend further weakness to indicated downside target at 0.9182 (100% projection of 0.9739-0.9415 measuring from 0.9506) and possibly 0.9150 Trade Idea: USD/CAD – Sell at 0.9890As the greenback has remained sidelined after falling to 0.9684 earlier this week, suggesting further consolidation above this level would take place and above yesterday's high at 0.9777 would bring retracement to 0.9830/40 but renewed selling interest should emerge below 0.9902 and bring another decline later. A break of said support at 0.9684 would signal recent decline has resumed and extend weakness to 0.9650 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