| 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: Euro Rebounds after Better-than-Expected U.S. NFPAlthough the single currency dropped to a 2-week low of 1.4055 against the greenback earlier today, euro continued to edge higher throughout the day on short-covering as European Central Bank started buying Portugal and Irish government bonds which eased pressure on Italian and Spanish peripheral debt. Rebound in Dow futures on the release of better-than-expected U.S. job reports also seen helping euro to rebound on risk appetite, U.S. Labor Department reported that non-farm payrolls increased to 117,000 versus market forecast of 98K and unemployment rate also came in lower at 9.1% from previous month’s and analysts’ expectations of 9.2%. |
|
| Featured Technical Report | |
EUR/USD Mid-Day OutlookDaily Pivots: (S1) 1.3995; (P) 1.4183 (R1) 1.4278; More. With 1.4371 minor resistance intact, EUR/USD's choppy fall from 1.4537 is still in favor to continue. And current fall would possibly extend through 1.4014 support medium term trend line at 1.3819. On the upside, above 1.4371 will flip bias back to the upside and turn focus back to 1.4537 resistance. |
| Forex Brokers | |||
|
| Special Reports |
ECB Extends Liquidity Injection, Reactivates SMPThe ECB voted unanimously to keep the main refinancing rate unchanged at 1.5%. In the accompanying statement, the central bank also announced some liquidity injection measures. The most important news was that President Trichet signaled the Securities Market Program (SMP) has been re-activated. Concerning the monetary policy outlook, the ECB reiterated that it will monitor very closely all developments with respect to upside risks to price stability. This suggested no rate hike in the next meeting.
|
| 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 – Buy at 0.7640Failure to extend intra-day rebound and the subsequent retreat from 0.7740 suggest further consolidation would be seen, however, as long as record low at 0.7610 (formed earlier this week) holds, mild upside bias remains for another rebound but break of yesterday’s high of 0.7801 is needed to retain bullishness and signal a temporary low has been formed, bring retracement of recent decline towards previous resistance at 0.7857. Trade Idea Update: EUR/USD – Sell again at 1.4180Despite intra-day brief rise to 1.4220, as the single currency has retreated after the release of better-than-expected U.S. NFP and unemployment rate data, suggesting top is possibly formed and consolidation with downside bias is seen for weakness towards 1.4055, however, break there is needed to extend decline from 1.4537 top for weakness towards previous support at 1.4015 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