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Oct 01 05:57 GMT

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Daily Report: Yen Breached 110 after Mixed Tankan, Aussie Lower on Retail Sales
Oct 01 05:02 GMT, by ActionForex.com
Yen weakens against the broadly strong dollar with USD/JPY breaching 110 handle. The Tankan survey overall showed mixed sentiments in Q3 and provided little support to the yen. The large manufacturing index improved from 12 to 13 versus expectation of 10. However, medium and small manufacturing indices both deteriorated to 5 and -1 respectively. L...

Technical Outlook

EUR/CHF Daily Outlook
Further decline is still expected in near term to 1.2044 support and below. But again, we'd expect strong support from ... - Oct 01 05:54 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside at this point. Current fall from 1.3993 would target 1.2042 low next. ... - Oct 01 05:23 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains mildly on the downside for 1.6051 low. Break will resume whole decline from 1.7190 and... - Oct 01 05:21 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for the moment. Current rise should target 261.8% projection of 0.8702 t... - Oct 01 05:14 GMT

Special Reports

The Week Ahead: Details about ECB's ABS Purchases Expected
Sep 29 13:49 GMT
The focus of this week is ECB meeting due Thursday and US' employment report du...
Japanese Yen May Weaken Further Should BOJ Extend Monetary Base
Sep 25 12:16 GMT
Japanese yen resumed weakness after a briefly rebound against the US dollar aft...
China To Continue To Add Stimulus Despite Finance Minister's Hawkish Comments
Sep 23 09:30 GMT
Comments that Chinese Finance Minister Lou Jiwei made at the G20 meeting damped...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9500
Dollar's intra-day rally after the release of eurozone CPI data adds credence to our view that recent upmove from 0.8699 low is s... - Sep 30 15:53 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6285
The British pound met renewed selling interest at 1.6287 and resumed recent decline, adding credence to our bearishness and test ... - Sep 30 15:43 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2700
As the single currency has recovered after intra-day selloff to 1.2571, suggesting minor consolidation above this level would be ... - Sep 30 15:40 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 109.15
Dollar's intra-day breach of yesterday's high at 109.75 confirms recent upmove has resumed and bullishness remains for further ga... - Sep 30 15:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.9353 (we recommended to b... - Sep 30 07:56 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after meeting resistance at 1.652... - Sep 30 07:55 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency dropped again after meeting renewed selling interest j... - Sep 29 11:01 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7885
Although the single currency has remained under pressure and near term downside risk remains for recent decline to extend to 0.77... - Sep 30 14:39 GMT
Trade Idea: USD/CAD - Buy at 1.1095
As the greenback has risen again after brief pullback, adding credence to our bullish view that recent upmove is still in progres... - Sep 30 14:33 GMT
Trade Idea: EUR/JPY - Hold long entered at 138.85
Euro's near term sideways trading is expected to continue but as long as last week's low at 138.38 holds, consolidation with mild... - Sep 30 08:15 GMT
Trade Idea: AUD/USD - Sell at 0.8830
As the Australian dollar has recovered after falling to 0.8684 yesterday, suggesting minor consolidation would be seen and recove... - Sep 30 08:09 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound has retreated after meeting resistance at ... - Sep 30 09:06 GMT
GBP/JPY Elliott Wave Analysis
Sterling found renewed buying interest at 169.35 and has rallied abov... - Sep 30 09:00 GMT
USD/JPY Elliott Wave Analysis
As the greenback has continued to edge higher on dollar's broad-based... - Sep 29 11:32 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 01 05:50 GMT

Action Bias

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

Fundamental Analysis Reports

AUD Is Hit By Soft Retail Sales Data
Oct 01 05:17 GMT, by Forex.com
It seems the Australian dollar cannot catch a break. This time it was assaulted by sellers after disappointing retail sales figures out of Australia, despite better than expected Chinese Manufacturin...
Asian Market Update: China Manufacturing PMI Meets Consensus, AUD, JPY Hit New Multi-Month Lows, CDC Announces US Case Of Ebola
Oct 01 05:11 GMT, by Trade The News
China official manufacturing PMI figure released despite the market holidays in Shanghai was a decimal above consensus, however state economists noted sentiment remains weak as decline in new orders ...
GBP/USD – Pound Shows Some Movement On Mixed UK Numbers
Oct 01 03:08 GMT, by MarketPulse
GBP/USD has shown some volatility on Tuesday and is trading in the low-1.62 range on Tuesday. In economic news, the Current Account widened last month, while Final GDP posted a strong gain of 0.9% in...
USD/CAD – Canadian Dollar Flirts With 1.12 On Soft GDP
Oct 01 03:06 GMT, by MarketPulse
USD/CAD continues to point upwards on Tuesday. The pair broke above the 1.12 line on Tuesday, after Canadian GDP slipped to 0.0%. In the US, CB Consumer Confidence fell to 86.0 points, well short of ...
Stocks Dip On Weaker Economic News, Aussie Rallies - Changing Landscape
Oct 01 02:06 GMT, by Vantage FX
In Australia yesterday it looked like a little end of quarter machinations helped the market higher and the physical finished up 0.5% to 5,292.8. feeding the end of quarter window dressing theory is ...
AUD/USD - Slight Gains Ahead of Australian Retail Sales
Sep 30 14:57 GMT, by MarketPulse
The Australian dollar has posted small gains on Tuesday, as AUD/USD trades in the mid-0.87 range in the North American session. In the US, CB Consumer Confidence fell to 86.0 points, well short of ex...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Oct 01 05:15 GMT, by FX Instructor
The EURUSD continued its bearish momentum yesterday bottomed at 1.2569 but closed higher at 1.2625. The bias is bearish in nearest term testing 1.2500 area. Immediate resistance is seen around 1.2640...
NZDJPY Back At The Neckline - For Now
Oct 01 05:01 GMT, by ThinkForex
As much as I would like it to be, traditional Technical Analysis is rarely accurate as some textbooks suggests. Therefor as trader we need to allow for 'noise' around key levels and the neckline on t...
The Daily Wave Analysis
Oct 01 04:58 GMT, by Admiral Markets
The Cable could be starting a new bearish impulsive wave 5 (magenta), which is consisting of a wave 123 (purple numbers) but price is trending down choppily so far. This could be explained by multipl...
Market Morning Briefing
Oct 01 03:34 GMT, by Kshitij Consultancy Services
Euro (1.2610) failed to break above 1.2715 and just as expected, crashed vertically from 1.2702 to 1.2568 levels, just a few pips away from our support of 1.2550. Repeat - unless it manages to break ...
AUDUSD Eyeing Up 2014 Lows
Oct 01 03:15 GMT, by ThinkForex
Retail sales fell flat on its face, up only 0.1% and much below the 0.4% expected. AUDUSD was quick to react with an intraday 9-month low and returning to the bearish trend it has been stuck in for 4...
Australia 200 - Steadies Around 5250
Oct 01 03:03 GMT, by MarketPulse
For all of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 54...
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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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