| 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: Swiss Franc Posts Biggest Weekly Lost on Worries of SNB Drastic ActionsSwiss franc dropped again after posting the biggest single day fall against the euro and dollar yesterday as traders still looked to cover their long franc positions in wake of recent comments from SNB officials. More and more traders expect the Swiss National Bank will take drastic measures (including EUR/CHF peg and negative rates on offshore deposit) to curb strength in Swiss franc. Some banks and investment houses were seen recommending their clients to start building long position in USD/CHF mostly through call options (decent demand seen for 2-week 0.8000 calls) as they see the currency pair has already or is about to form a bottom. |
|
| Featured Technical Report | |
USD/JPY Mid-Day OutlookDaily Pivots: (S1) 76.36; (P) 76.83; (R1) 77.32; More. With 77.32 minor resistance intact, fall from 80.23 is still expected to continue and break of 76.28 support will resume the whole decline from 85.51 and should target 100% projection of 81.46 to 76.28 from 80.23 at 75.05 next. On the upside, above 77.32 minor resistance will bring recovery. But we'll stay cautiously bearish as long as 80.23 resistance holds. |
| Forex Brokers | |||
|
| Economic Indicators Update |
The Futures and Forex Expo Las Vegas, June 15-18, 2011 at Caesars Palace. Register now and prepare for three days that will get you on track for a profitable future! Register FREE today!
Top trading expert speakers, analysts and exhibitors. Discover the Newest Comer to the market, analyze latest market trends explore different trading platforms, and explore a wide opportunity on future investments. The 9th ME Forex & Investment Summit 2011
World MoneyShow Toronto, September 8-10, 2011, at The Metro Toronto Convention Center. Your one-stop resource for the most comprehensive education, efficient research, and valuable advice. Register Free Today!
World MoneyShow Vancouver, September 19-21, 2011, at The Vancouver Convention Center. Be there as recommendations and advice are revealed for how to best position your portfolio for profit - in 2011 and beyond. Register Free Today! | ||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||
| Forex Trade Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||
Trade Idea Update: USD/CHF – Look to buy lowerAlthough the greenback has resumed this week’s rally from 0.7068 to as high as 0.7767, as price has retreated from there, suggesting consolidation would take place and pullback to the Tenkan-Sen (now at 0.7658) cannot be ruled out, however, reckon downside would be limited to the Kijun-Sen (now at 0.7574) and intra-day support at 0.7548 should hold, bring another upmove later. A break of said resistance would extend the move from 0.7068 to previous resistance at 0.7801 later. Trade Idea Update: USD/JPY – Hold long entered at 76.55As the greenback has continued to edge lower, suggesting a retest of yesterday’s low at 76.30 cannot be ruled out and record low at 76.25 needs to hold to retain near term bullishness for another rebound, break of resistance at 77.23 (yesterday’s high) would signal a temporary low is formed an bring retracement of recent decline towards resistance at 77.86 but price should falter well below previous support at 78.30. 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