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Sep 02 16:39 GMT

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Mid-Day Report: Dollar Bullish Runs Continues as ISM Manufacturing Surges to 3 Year High
Sep 02 14:18 GMT, by ActionForex.com
Dollar extends recent rally against yen and other major currencies in early US session after better than expected manufacturing data. The ISM manufacturing index jumped to 59.0 in August, comparing to expectation of a fall to 56.8. That;s the highest reading in three years since March 2011. The employment component was also strong, dipping slightl...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.3993 is still in progress and w... - Sep 02 13:36 GMT
GBP/USD Mid-Day Outlook
GBP/USD drops to as low as 1.6514 so far in early US session and the break of 1.6534 indicates resumption of recent fal... - Sep 02 13:32 GMT
USD/CHF Mid-Day Outlook
USD/CHF reaches as high as 0.9211 so far today and intraday bias remains on the upside. Current rally would now target ... - Sep 02 13:27 GMT
USD/JPY Mid-Day Outlook
USD/JPY rises further to as high as 105.01 in early US session and intraday bias remains on the upside. Current rally w... - Sep 02 13:22 GMT

Special Reports

RBA Kept The Powder Dry, Judging Spare Capacity Would Keep Unemployment Rate Elevated
Sep 02 08:08 GMT
The RBA left the cash rate unchanged at 2.5% for the 13th month in September. W...
The Week Ahead - ECB in Focus but QE Unlikely
Sep 01 09:03 GMT
We have a busy calendar as September starts. While the focus is undoubtedly Thu...
Dovish Draghi Does Not Mean ECB Would Act Further In September
Aug 27 06:31 GMT
Selloff of the euro continues after ECB president Mario Draghi's speech last we...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9150 or sell at 0.9250
Although the greenback has maintained a firm undertone after resuming recent upmove and near term upside bias remains for further... - Sep 02 15:26 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6565
Cable's intra-day selloff in part due to active cross-selling in sterling suggests recent decline is still in progress and may ex... - Sep 02 15:22 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.3090
Although the single currency has remained under pressure and near term downside risk remains for recent decline to extend further... - Sep 02 15:17 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 104.60
As the greenback has maintained a firm undertone after intra-day rally above psychological level at 105.00, bullishness remains f... - Sep 02 15:11 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound recovered after finding support at 1.6537 twice last wee... - Sep 02 07:08 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback has risen again after brief pullback and has maintained a fi... - Sep 02 07:04 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency slipped again after opening lower last week, suggestin... - Sep 01 10:24 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7925
The single currency has finally rebounded after falling to 0.7892 yesterday, retaining our near term bullishness and another boun... - Sep 02 14:20 GMT
Trade Idea: USD/CAD - Buy at 1.0845
As the greenback has risen again after brief pullback to 1.0856, adding credence to our view that low has possibly been formed at... - Sep 02 14:14 GMT
Trade Idea: EUR/JPY - Buy at 137.30
The single currency found good support at 136.37 last week and has staged a strong rebound, reviving our near term bullishness an... - Sep 02 09:29 GMT
Trade Idea: AUD/USD - Hold long entered at 0.9330
Aussie has dropped again after meeting renewed selling interest at 0.9352 yesterday, suggesting caution on our bullishness and in... - Sep 02 09:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound only recovered to 1.6644 before running into renewe... - Sep 02 10:00 GMT
GBP/JPY Elliott Wave Analysis
The British pound held above last month's low at 170.45 and has stage... - Sep 02 09:54 GMT
USD/JPY Elliott Wave Analysis
The greenback only eased to 103.56 (we recommended to buy at 103.20) ... - Sep 01 11:04 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 02 16:30 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE- NE↓ DN↓ DN
USDJPY↑ UP↑ UP↑ UP↑ UP
GBPUSD↓ DN↓ DN↓ DN↓ DN
USDCHF- NE↑ UP↑ UP↑ UP
USDCAD- NE↑ UP- NE- NE
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Forex Brokers

Fundamental Analysis Reports

US Manufacturing Activity Unexpectedly Improved in August; Construction Spending Rose in July
Sep 02 15:04 GMT, by RBC Financial Group
Activity in the US manufacturing sector expanded in August 2014 at a quicker pace than the previous month as evidenced by the ISM manufacturing index rising to 59.0 from 57.1 in July. Acceleration in...
GBPUSD and the Scottish Referendum
Sep 02 13:12 GMT, by Forex.com
Currency traders woke up to a rather unsettling headline this morning - Yougov poll finds rapid shift in favour of Scottish Independence . For most of the campaign the FX market has shrugged off the...
EUR Labors ahead of ECB and NFP - Is there More Room to Fall?
Sep 02 11:52 GMT, by MarketPulse
This is expected to be a tough week for investors. Central Bank rate decisions, mixed in with North American jobs reports will be expected to dominate capital markets risk landscape. Thus far, it's n...
FTSE 100: Movers And Shakers
Sep 02 11:30 GMT, by Forex.com
Tesco: is bucking the overall trend and is lower again today. It attempted to rally but sellers came in at 228p. After such a large move we would expect some sideways action for a while, a daily brea...
European Shares Rise On Central Bank Stimulus Speculations
Sep 02 11:29 GMT, by ICN.com
European shares soared on Tuesday trading amid speculations the slowdown in growth may prompt central banks either to hold stimulus or introduce new measures. Eyes will focus on ECB monetary decision...
Dollar Resumes Rally Amid US Markets Reopen
Sep 02 11:28 GMT, by ICN.com
The dollar extended gains in late European trade on Tuesday, with the U.S. markets returning from the Labor Day Holiday. The euro and the Japanese yen dropped amid speculation that slower growth will...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCAD: Chart Looking Bullish Ahead of Data-Packed Week
Sep 02 13:08 GMT, by Forex.com
We've been keeping a close eye on USDCAD as a barometer of broader USD strength over the last few weeks. Last week, the Loonie took the upper hand against the greenback, with the USDCAD breaking belo...
USD/JPY Rallies into Major Resistance Zone ahead of US Data
Sep 02 13:06 GMT, by Forex.com
The USD/JPY has extended its gains and has already touched the key 105.00 level this morning. However with this being an NFP week, the bulls would do well to hold their ground around the current leve...
Forex Technical Analysis
Sep 02 09:58 GMT, by DeltaStock Inc.
Yesterday's rise to 1.6645 sets the final of the consolidation pattern above 1.6534 and current outlook is already bearish, for a break through 1.6534 lows, en route to 1.6460.
Dollar/Yen Rally Extends To Almost 105
Sep 02 09:48 GMT, by ZIFX.com
On Monday Dollar/Yen increased slightly with 30 pips. The currency couple appreciated from 104.06 to 104.37 yesterday, matching the positive money flow sentiment at almost +14%, closing the day at 10...
Today's Market Outlook
Sep 02 09:36 GMT, by Windsor Brokers Ltd
The Euro remains weak and ticked lower, after brief corrective attempt off 1.3117 was capped at 1.3144. The pair eyes immediate target at 1.31, however, yesterday’s Doji candle may signal further con...
USDCAD Elliott Wave Analysis: Bullish Reversal
Sep 02 08:25 GMT, by Elliott Wave Financial Service
USDCAD has finally turned bullish this summer after a decisive break out of a downward channel in July. A break indicates a completed corrective decline from the high, especially if we also consider ...
All Daily Technical Reports >>

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Long Term Forecasts

When Will the Bank of England Hike Rates?
Aug 16 08:33 GMT, by Wells Fargo Securities
In the first report of a two-part series on the outlook for Bank of England (BoE) monetary policy, ...
Growth in China Appears to Be Stabilizing
Jul 19 08:05 GMT, by Wells Fargo Securities
The year-over-year rate of real GDP growth in China edged up to 7.5 percent in Q2 from 7.4 percent ...
FX Forecast Update: Negative Rates and Liquidity Tools to Weaken the Euro
Jun 14 03:24 GMT, by Danske Bank
The ECB delivered more easing than expected at its rate meeting in June by cutting both the refi an...
AUD/USD - 2013 In Review
Jan 02 02:25 GMT, by MarketPulse
The Australian dollar is known for its strong volatility, and taking traders on roller coaster ride...
USD/CAD - 2013 In Review
Jan 02 02:23 GMT, by MarketPulse
The Canadian dollar looked sharp as we began 2013, but struggled badly late in the year, as the cur...
All Long Term Forecasts >>
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