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Weekly Review and Outlook: Yen and Aussie Sharply Lower after an Eventful Week
Sep 20 15:41 GMT, by ActionForex.com
Sterling was among the biggest winners last week as the important risk was finally cleared. Scotland rejected independence in the highly anticipated referendum. Nonetheless, buying in the pound was exhausted after the referendum and it pared back much of the gains against dollar and yen towards the end of the week. Canadian was surprisingly the bi...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD's fall resumed last week and initial bias remains on the downside this week. Current decline from 1.3993 will t... - Sep 20 09:41 GMT
USD/JPY Weekly Outlook
USD/JPY surged to as high as 109.45 last week as recent rally accelerated. Initial bias remains on the downside this we... - Sep 20 09:37 GMT
GBP/USD Weekly Outlook
GBP/USD rebounded further to as high as 1.6523 last week but was limited below 1.6534 as well as 1.6643 cluster resista... - Sep 20 09:32 GMT
USD/CHF Weekly Outlook
USD/CHF edged higher to 0..9432 last week but turned sideway from there. Initial bias remains neutral this week for som... - Sep 20 09:23 GMT

Special Reports

The Aftermath of Scottish Referendum
Sep 20 03:08 GMT
The dust is settled in the Scottish referendum with 55% voted No to independe...
SNB Strengthened Stance To Interfere EURCHF If Inflation Deteriorates Further
Sep 18 11:24 GMT
The SNB intensified the stance that it would use all possible means to combat d...
FOMC Left 'Considerable Time' Language But Generally Viewed As More Hawkish
Sep 18 02:54 GMT
Market reactions suggested that investors viewed the September FOMC meeting as ...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9400
Although the greenback found support at 0.9332 and staged a strong rebound, if our view that top is possibly formed at 0.9433 ear... - Sep 19 15:48 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day initial rise to 1.6525, the subsequent stronger-than-expected retreat suggests a temporary top has possibly bee... - Sep 19 15:42 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although intra-day breach of this week's low at 1.2835 suggests recent decline has resumed and weakness towards 1.2800 cannot be ... - Sep 19 15:32 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 108.30
As the greenback has retreated after rising to 109.46, suggesting consolidation below this level would be seen and pullback to 10... - Sep 19 15:26 GMT
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Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency only eased to 138.47 before heading north again and re... - Sep 19 10:20 GMT
USD/CAD Candlesticks and Ichimoku Analysis
Despite rising initially to 1.1099 this week, the greenback ran into stron... - Sep 19 10:02 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Despite last week's rebound to 0.8066, lack of follow through buying and t... - Sep 18 10:13 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7915
As euro has recovered after falling to 0.7810, suggesting consolidation above this level would be seen and recovery to 0.7895-00 ... - Sep 19 14:25 GMT
Trade Idea: USD/CAD - Stand aside
Despite rising to 1.1099, the subsequent stronger-than-expected retreat dampened our bullishness and suggests top has possibly be... - Sep 19 14:20 GMT
Trade Idea: EUR/JPY - Buy at 139.50
Despite intra-day initial rise to 141.23, the single currency ran into heavy offers there and has retreated quite sharply, sugges... - Sep 19 09:37 GMT
Trade Idea: AUD/USD - Buy at 0.8900
Although aussie has remained under pressure after falling again from 0.9112 and near term downside risk remains for the decline f... - Sep 19 09:19 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency surged to as high as 141.23 today, the q... - Sep 19 10:57 GMT
USD/CHF Elliott Wave Analysis
As the greenback has risen again this week, adding credence to our vi... - Sep 19 10:50 GMT
EUR/GBP Elliott Wave Analysis
Failure to extend early rebound and the subsequent stronger-than-expe... - Sep 18 10:34 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 19 20:55 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↓ DN↓ DN↓ DN↓ DN
USDJPY- NE↑ UP↑ UP↑ UP
GBPUSD↓ DN- NE- NE↓ DN
USDCHF↑ UP↑ UP↑ UP↑ UP
USDCAD- NE- NE- NE↑ UP
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Fundamental Analysis Reports

Weekly Economic and Financial Commentary
Sep 20 04:01 GMT, by Wells Fargo Securities
The Fed further reduced its asset purchases by another $10 billion and kept rates steady as expected. It also decided to keep the language considerable time to refer to the period between ending it...
The Weekly Bottom Line
Sep 20 03:47 GMT, by TD Bank Financial Group
Market attention this week was firmly focused on the referendum in Scotland and the latest meeting of the Federal Reserve's FOMC. Polling earlier in the week pointed to a tight result on the Scottish...
GBP Fails to React to the Scottish No Vote
Sep 20 03:41 GMT, by Forex.com
After Scotland's resounding "no" vote in the independence referendum, some in the market had expected a sharp rise to 1.66 or above. However, that has not been the case, and since the "no" vote was d...
Week in FX Americas - Is Fed Rhetoric about to Change?
Sep 20 03:17 GMT, by MarketPulse
This week the Fed retained its guidance that short-term interest rates will remain near zero for a considerable time after the bond buying program ends. Currently, the market now expects the remain...
Week in FX Asia - The Good, the Bad and the Ugly of a Weaker JPY
Sep 20 03:15 GMT, by MarketPulse
A weaker JPY can be a bane and a blessing to Japan. It does have benefits for exporters, which can increase their earnings. The stock market has captured that sentiment as the stock market keeps risi...
Weekly Focus: Chinese Economy on the Ropes
Sep 19 14:25 GMT, by Danske Bank
The US is the preferred place of investment at the moment as the sole pillar of strength in a world of hot spots. European stocks should be back in favour as the economy recovers towards yearend. ...
All Daily Fundamental Reports >>

Technical Analysis Reports

FTSE: Will the Scottish No Vote be Enough for Index to Finally Crack 6900 Barrier?
Sep 19 11:45 GMT, by Forex.com
The FTSE started the day up around 0.7% after Scotland voted to stay in the UK. Unsurprisingly, shares in companies with direct exposure to Scotland jumped to the top of the leader board. RBS, for ex...
Gold and Silver Technical Update
Sep 19 10:56 GMT, by Admiral Markets
Following a decisive break on the downside of a short-term descending channel support near $1250-45 zone, the yellow metal now seems to be aiming towards $1200 psychological mark support. Further, fa...
Forex Technical Analysis
Sep 19 09:19 GMT, by DeltaStock Inc.
The recent rebound to 1.2930 should be considered corrective and my outlook here is bearish, for a break through 1.2860, en route to 1.2750.
Today's Market Outlook
Sep 19 09:14 GMT, by Windsor Brokers Ltd
The Euro trades in near-term corrective phase off fresh low at 1.2832, posted on sharp fall off 1.30 barrier. The pair holds overall negative tone and keeps the downside in focus, with psychological ...
USDJPY Creating New Highs
Sep 19 09:11 GMT, by Elliott Wave Financial Service
USDJPY broke to a new high as expected which is now wave v that moved well above 108.00 our projected target. However, we see some Fibonacci resistance levels coming in around current 109 figure so t...
EUR/USD Retreats To 1.29
Sep 19 07:29 GMT, by Dukascopy Swiss FX Group
bottom out near the support at 1.2750. The bears are expected to take the price much lower, potentially down to the 2012 low at 1.2050, before there is a major reversal of the present downward trend.
All Daily Technical Reports >>

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Central Bank Analysis
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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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