| Action Insight Daily Report |
Dollar Lower as Gold Rebounds, USD/JPY Heading to 90 Dollar weakens against European majors and Japanese yen today. Gold rebounds back to above 1000 level. Gold's pullback seems to have completed yesterday at 983.2 and is set to resume rally to take on 1033.9 high. Such development will in turn favor more downside in the greenback. In particular, Sterling is maintaining the strength since yesterday's BoE announcement. However, note that commodities currencies are somewhat lagging being with AUD/USD still staying below this week's high of 0.8667 while USD/CAD is also well above 1.0672. Both are pressured in exceptional strength by the Japanese yen which rides of the sharp fall in treasury yield yesterday. Full Report Here... |
| Special Reports |
BOC Meeting Review: Maintained Rate Unchanged But Saw a Brighter Outlook As anticipated, the Bank of Canada left the overnight rate unchanged at 0.25% for the 5th month. However, policymakers have turned more confident in the economic outlook and viewed the threat posed by strength in Canadian dollar as less severe than previously projected. Full Report Here... |
| Candlesticks & Ichimioku Analysis |
EURCAD Candlesticks and Ichimoku Analysis Although the single currency rebounded after finding renewed buying interest at 1.5365 and further consolidation above 1.5186 support is likely, only a weekly close above the Ichimoku cloud area (now at 1.6114-29) would signal the decline from 1.7509 has ended at 1.5186 and bring stronger rebound to 1.6329 (where a doji star was formed). Once this resistance is penetrated, this would add credence to this view and extend gain to 1.6500, then 1.6622 (61.8% Fibonacci retracement of 1.7509 to 1.5186). Full Report Here... EURJPY Candlesticks and Ichimoku Analysis Despite falling to 131.01 last week, as the single currency found decent demand right at the Kijun-Sen and has recovered, suggesting further consolidation within recent established range of 127.00-139.26 would take place and rebound to 135.00 and possibly 136.05/10 cannot be ruled out, however, upside should be limited to resistance at 138.72 should hold. Only break of this level would signal the rise from 112.08 low has resumed for retest of 139.26, then 141.03 (50% Fibonacci retracement of 169.97-112.08 and current level of the Ichimoku cloud top). Full Report Here... |
| Featured Technical Report | Market Highlights |
USD/JPY Daily Outlook Daily Pivots: (S1) 91.33; (P) 91.79; (R1) 92.18; More. USD/JPY's fall is still in progress and reaches as low as 91.12 so far. Intraday bias remains on the downside and the current decline from 97.77 is expected to extend to 100% projection of 98.87 to 91.73 from 97.77 at 90.63 next. On the upside, above 91.82 will turn intraday outlook neutral and bring consolidation. But recovery should be limited by 93.29 resistance and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | AUDJPY | 78.68 | 79.23 | -55 | -0.70% | | CADJPY | 84.57 | 85.14 | -57 | -0.67% | | NZDJPY | 64.13 | 64.53 | -40 | -0.62% | | USDJPY | 91.19 | 91.72 | -53 | -0.58% | | CHFJPY | 87.91 | 88.31 | -40 | -0.46% | Last Updated: Sep 11, 06:50 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Sep 11, 06:50 GMT |
| Economic Indicators Update |
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:50 | JPY | GDP Q/Q Q2 F | 0.60% | 0.90% | 0.90% | | | 23:50 | JPY | GDP Annualized Q2 F | 2.30% | 3.70% | 3.70% | | | 23:50 | JPY | GDP Deflator Y/Y Q2 F | 0.50% | 0.50% | 0.50% | | | 5:00 | JPY | Households Confidence Aug | 40.1 | 41.1 | 39.4 | | | 6:00 | EUR | GermanWPI M/M Aug | 0.70% | 0.30% | -0.50% | | | 8:30 | GBP | PPI Input M/M Aug | | 1.00% | -1.40% | | | 8:30 | GBP | PPI Input Y/Y Aug | | -8.40% | -12.20% | | | 8:30 | GBP | PPI Output M/M Aug | | 0.30% | 0.30% | | | 8:30 | GBP | PPI Output Y/Y Aug | | -0.50% | -1.30% | | | 8:30 | GBP | PPI Output Core Y/Y Aug | | 0.80% | 0.20% | | | 12:30 | CAD | New Housing Price Index M/M Jul | | -0.10% | -0.20% | | | 12:30 | USD | Import Price Index M/M Aug | | 1.00% | -0.70% | | | 13:55 | USD | U. of Michigan Confidence Sep P | | 67.3 | 65.7 | | | 14:00 | USD | Wholesale Inventories Jul | | -1.00% | -1.70% | | | 18:00 | USD | Federal Budget Aug | | -$174.0B | -$111.9B | | |
| Suggested Readings |
Fundamental Highlights Technical Highlights |
No comments:
Post a Comment