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Oct 01 14:14 GMT

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Mid-Day Report: Dollar Digesting Gains after Solid ADP Job Data
Oct 01 12:53 GMT, by ActionForex.com
Dollar pares back some gain in early US session after release of employment data. The ADP employment report showed 213k growth in private sector jobs in September, above expectation of 204k. Nonetheless, traders are getting a bit cautious ahead of the more important events later in the week. That include ECB press conference tomorrow and US non-fa...

Technical Outlook

EUR/USD Mid-Day 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 13:00 GMT
GBP/USD Mid-Day 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 12:58 GMT
USD/CHF Mid-Day 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 12:56 GMT
USD/JPY Mid-Day Outlook
USD/JPY retreats mildly after hitting mentioned 100% projection of 96.56 to 105.43 from 101.08 at 109.95. At this point... - Oct 01 12:54 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 Update: USD/CHF - Buy at 0.9500
Yesterday's rally to 0.9597 adds credence to our view that recent upmove from 0.8699 low is still in progress and may extend furt... - Oct 01 13:58 GMT
Trade Idea Update: GBP/USD - Sell at 1.6285
As cable has recovered after intra-day marginal fall to 1.6162, suggesting minor consolidation above this level would be seen and... - Oct 01 13:55 GMT
Trade Idea Update: EUR/USD - Sell at 1.2700
Euro's recovery after yesterday's selloff to 1.2571 suggests minor consolidation would be seen and corrective bounce to previous ... - Oct 01 13:47 GMT
Trade Idea Update: USD/JPY - Buy at 109.15
As the greenback has retreated after intra-day initial rise to 110.09, suggesting consolidation below this level would be seen an... - Oct 01 13:44 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Kiwi's decline has accelerated in the past two weeks and pscyhological sup... - Oct 01 07:32 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar continued to head south after recent selloff and aus... - Oct 01 07:28 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.9353 (we recommended to b... - Sep 30 07:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Although the single currency fell again to 137.94 yesterday, lack of follow through selling and the subsequent recovery suggest c... - Oct 01 09:08 GMT
Trade Idea: AUD/USD - Sell at 0.8830
Despite intra-day fall to 0.8663, as the Australian dollar has recovered after holding above previous support at 0.8660, suggesti... - Oct 01 09:00 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
The single currency dropped again after meeting renewed selling inter... - Oct 01 10:47 GMT
AUD/USD Elliott Wave Analysis
Recent decline gathered momentum and looks set to test previous suppo... - Oct 01 10:35 GMT
GBP/USD Elliott Wave Analysis
Although the British pound has retreated after meeting resistance at ... - Sep 30 09:06 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 01 14:05 GMT

Action Bias

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

USD/JPY - Yen Stable as Tanken Indices Mixed
Oct 01 13:59 GMT, by MarketPulse
The Japanese yen is flirting with the 110 line on Wednesday, as the Japanese currency remains under pressure. USD/JPY is currently at its highest level since August 2008, as the dollar is showing no ...
A Dollar Whiplash from Private Sector Jobs?
Oct 01 11:26 GMT, by MarketPulse
A new month and a new quarter should not be capable of changing things up too much. Both forex volume and volatility are not expected to ease off anytime soon as a hint of rate divergence brings with...
Gold Remains Weak, Pressing On Support At $1200
Oct 01 11:15 GMT, by MarketPulse
Gold prices are showing little change on Wednesday, as the metal remains under pressure from the strong US dollar. In the European session, the spot price stands at $1208.93 per ounce. There are two ...
ECB Preview: Will The ECB Herald Another Leg Lower For The EUR?
Oct 01 11:00 GMT, by Forex.com
This Thursday we get the monthly ECB meeting. After surprising us with those rate cuts and a program of asset-backed security (ABS) purchases (basically QE-lite) last month, we doubt the ECB will pul...
USD Strengthens Against JPY, EUR, ADP In Focus
Oct 01 10:46 GMT, by Swissquote Bank SA
The FX markets price in more USD strength before the US employment data. The September ADP is due today (12:15 GMT), the US unemployment rate and the NFPs are scheduled on Friday. The US 10-year yiel...
USD/JPY Breaks 110.00, Antipodeans Extend Weakness
Oct 01 10:35 GMT, by Swissquote Bank SA
USD/JPY advances to fresh 6-year high of 110.09 amid the 3Q Tankan readings showed 8.6% expansion in all industry capex, the large manufacturing index unexpectedly improved. The weakness in non-manuf...
All Daily Fundamental Reports >>

Technical Analysis Reports

Technical Outlook: Silver
Oct 01 11:51 GMT, by Admiral Markets
Silver prices have been declining since the early days of July 2014 and have lost nearly 21% since then by forming the descending trend channel on Daily chart. The white metal broke important supp...
Forex Technical Analysis
Oct 01 09:59 GMT, by DeltaStock Inc.
Current rebound above 1.2568 low is corrective in nature, thus preceding a slide towards the major target at 1.2440. Initial intraday resistance is seen at 1.2636 and crucial on the upside is 1.2715.
Technical Analysis for Major Currencies
Oct 01 09:18 GMT, by ICN.com
EURUSD pair touched 113% correction at 1.2580 yesterday before rebounding slightly to the upside. But the rebound wasn't enough to change our negative expectations, whereas stability below the previo...
Today's Market Outlook
Oct 01 08:51 GMT, by Windsor Brokers Ltd
The Euro resumed its larger downtrend which was interrupted by narrow consolidation and eventually broke and close below near-term target at 1.2660, Nov 2012 low. Fresh weakness also probed below psy...
USDCAD Makes Higher Highs
Oct 01 08:44 GMT, by Elliott Wave Financial Service
USDCAD is making higher highs and higher lows from 1.0885 where we see a completed corrective wave (ii), so ideally pair is now moving up within wave (iii) that can reach levels around 1.1250-1.1300 ...
EUR/USD Violates 1.2660
Oct 01 07:48 GMT, by Dukascopy Swiss FX Group
The support at 1.2660 did not withstand the selling pressure yesterday, thus exposing the 2012 low at 1.2040, namely the main long-term target. However, in the short run we may expect some bullish ac...
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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