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Sep 23 06:19 GMT

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Daily Report: Dollar Mildly Lower as Fed Dudley Warned of Strength
Sep 23 02:47 GMT, by ActionForex.com
The greenback weakened mildly overnight as a Fed dove warned of the strengthen of the currency. New York Fed president William Dudley said that a strong dollar would mean poorer trade performance, less exports, more imports . And, appreciation of the dollar would tend to dampen inflation and make it harder to achieve Fed's mandate. Separately, ...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neural for some consolidations below 180.70 temporary top. Downside of consolidation w... - Sep 23 04:13 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for consolidations below 141.21 temporary top. Downside is expected to be cont... - Sep 23 04:11 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains mildly on the upside for the moment. That breach of 1.4477 resistance affirmed that ch... - Sep 23 04:09 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for consolidations above 0.7809 temporary low. While stronger recovery cannot ... - Sep 23 04:05 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 ...
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9400
As the greenback has risen again after brief pullback, caution is advised on our short position entered at 0.9400 and last week's... - Sep 22 15:43 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
The British pound has remained confined in narrow range and further sideways trading is in store, however, as the sharp retreat f... - Sep 22 15:39 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although the single currency has fallen again after meeting renewed selling interest around the Kijun-Sen and near term downside ... - Sep 22 15:34 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 108.30
Dollar's near term consolidation below last week's high of 109.46 is expected to continue and although near term downside risk is... - Sep 22 15:30 GMT
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Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency has fallen again after brief recovery to 1.2995 last w... - Sep 22 10:01 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback only eased to 106.81 before finding renewed buying interest ... - Sep 22 09:44 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7915
Although euro has rebounded after last week's selloff to 0.7810 and consolidation above this level would be seen, reckon upside w... - Sep 22 14:39 GMT
Trade Idea: USD/CAD - Buy at 1.0970
Although the greenback dropped briefly to 1.0887 last week, the pair found decent demand there and has staged a strong rebound, s... - Sep 22 14:34 GMT
Trade Idea: EUR/JPY - Buy at 139.15
Although the single currency surged to as high as 141.23, the subsequent sharp retreat suggests consolidation below there would b... - Sep 22 08:42 GMT
Trade Idea: AUD/USD - Buy at 0.8900
As aussie has continued to head south after recent selloff, suggesting near term downside risk remains for the decline from 0.950... - Sep 22 08:33 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
As the greenback has surged again after brief pullback to 106.81, add... - Sep 22 10:52 GMT
EUR/USD Elliott Wave Analysis
The single currency has fallen again after meeting renewed selling in... - Sep 22 10:38 GMT
EUR/JPY Elliott Wave Analysis
Although the single currency surged to as high as 141.23 today, the q... - Sep 19 10:57 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 23 06:10 GMT

Action Bias

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

EUR/USD: Euro Trading Higher Ahead Of The PMI Numbers From The Euro-Zone
Sep 23 06:05 GMT, by GCI Financial
The pair is expected to find support at 1.2823, and a fall through could take it to the next support level of 1.2794. The pair is expected to find its first resistance at 1.2875, and a rise through c...
GBP/USD: Pound Trading Higher In The Asian Session
Sep 23 06:03 GMT, by GCI Financial
The pair is expected to find support at 1.6339, and a fall through could take it to the next support level of 1.6296. The pair is expected to find its first resistance at 1.6408, and a rise through c...
AUD/USD: Aussie Reverses Its Losses In The Asian Session
Sep 23 06:02 GMT, by GCI Financial
The pair is expected to find support at 0.8842, and a fall through could take it to the next support level of 0.8798. The pair is expected to find its first resistance at 0.8941, and a rise through c...
USD/JPY: Japanese Yen Extends Its Gains This Morning
Sep 23 06:01 GMT, by GCI Financial
The pair is expected to find support at 108.5, and a fall through could take it to the next support level of 108.24. The pair is expected to find its first resistance at 109.11, and a rise through co...
USD/CHF: Swiss Franc Continues Its Gains In The Asian Session
Sep 23 06:00 GMT, by GCI Financial
The pair is expected to find support at 0.9367, and a fall through could take it to the next support level of 0.9339. The pair is expected to find its first resistance at 0.9422, and a rise through c...
USD/CAD: Loonie Trading Lower, Ahead Of Canada's Retail Sales Data
Sep 23 05:59 GMT, by GCI Financial
The pair is expected to find support at 1.0962, and a fall through could take it to the next support level of 1.0881. The pair is expected to find its first resistance at 1.1087, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Sep 23 06:14 GMT, by FX Instructor
The EURUSD was indecisive yesterday. Price slipped below 1.2820 but failed to consistently stay below that area so far. The bias remains neutral in nearest term. Immediate resistance is seen around 1...
Daily FX Report
Sep 23 06:11 GMT, by Varengold Bank
ECB President Mario Draghi said yesterday that recent indicators haven't signaled that the “sharp decline” in the euro area's economic activity has stopped. He added that policy makers can implement ...
Euro Downtrend Pauses, European PMIs Ahead
Sep 23 04:35 GMT, by ZIFX.com
On Monday Euro/Dollar decreased with 50 pips. The European currency depreciated from 1.2868 to 1.2815 yesterday, not matching the negative money flow sentiment at around -11%, closing the day at 1.28...
GBPJPY Gunning For 190
Sep 23 04:33 GMT, by ThinkForex
I have highlighted the cycle lows, which suggests the 169.45 low seen this month is a major trough. This swing low also respected the 50 week MA which has not been tested since Sep '12. Assuming we s...
Foreign Exchange Market Commentary
Sep 23 04:14 GMT, by HY Markets
THE EURO closed higher due to short covering on Monday. The midrange close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI remain ne...
The Daily Wave Analysis
Sep 23 03:38 GMT, by Admiral Markets
Price is reaching the bottom of two down trend channels (blue and purple) plus a weekly support line (green), which could be difficult for price to break through.
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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