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Mar 03 04:41 GMT

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Daily Report: Aussie Recovers as RBA Stands Pat
Mar 03 04:37 GMT, by ActionForex.com
Australia dollar recovered after RBA held the cash rate unchanged at 2.25%. Some economists expected a cut today and thus the reactions was a little surprise to the market. The central bank noted that having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being . However, it also noted ...

Technical Outlook

EUR/GBP Mid-Day Outlook
EUR/GBP recovers mildly today but momentum is strong enough to warrant reversal yet. Intraday bias stays neutral for th... - Mar 02 14:20 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. At this point, rise from 1.4950 is viewed as a corrective move... - Mar 02 14:20 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral for the moment. Overall, the pair is staying in the sideway consolidation patt... - Mar 02 14:18 GMT
EUR/USD Mid-Day Outlook
EUR/USD recovers after initial dip but further fall is still cautiously in favor as long as 1.1278 minor resistance hol... - Mar 02 14:15 GMT

Special Reports

China Watch: Flash PMI Signaled Manufacturing Activities Expanded. Deflation Risks Heightened, An Official Warned
Feb 25 10:36 GMT
China's flash manufacturing PMI by HSBC surprisingly drifted back to above 50, ...
Upbeat Yellen Signaled Fed's On Course For Hike Later This Year
Feb 25 06:29 GMT
Fed Chair Janet Yellen in the congressional testimony reiterated the message th...
A Third Of BOJ Members Skeptical Over The Inflation Target
Feb 23 10:49 GMT
The minutes for the January BOJ meeting unveiled that 3 out of the 9 members do...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has maintained a firm undertone after breaking last week's high at 0.9547 and near term upside risk remain... - Mar 02 16:55 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5450
As the British pound has fallen again after brief recovery to the Kijun-Sen, adding credence to our view that top has been formed... - Mar 02 16:35 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1130 or sell at 1.1280
Euro's intra-day rebound from 1.1160 suggests consolidation would be seen with mild upside bias for corrective bounce to Friday's... - Mar 02 16:26 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 119.60
The greenback has risen again after brief pullback, suggesting a test of previous resistance at 120.48 would be seen, however, br... - Mar 02 16:12 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency has dropped late last week and a long black c... - Mar 02 10:17 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback found support around the Kijun-Sen last week and has rebound... - Mar 02 09:55 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
The single currency slipped this week after meeting resistance just below ... - Feb 27 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7265
Although the single currency resumed recent decline, as euro has rebounded after finding support at 0.7240, suggesting consolidat... - Mar 02 14:44 GMT
Trade Idea: USD/CAD - Turn long at 1.2445
As the greenback rebounded after finding support at 1.2388 last week, retaining our view that further consolidation would be seen... - Mar 02 14:35 GMT
Trade Idea: EUR/JPY - Stand aside
Despite Friday's brief fall to 133.44, lack of follow through selling on break of previous support at 133.55 and current rebound ... - Mar 02 09:39 GMT
Trade Idea : AUD/USD - Hold long entered at 0.7800
As aussie's retreat from last week's high of 0.7913 has kept price under pressure, suggesting near term downside risk remains, ho... - Mar 02 09:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback has rebounded again after finding support at 1... - Mar 02 10:37 GMT
EUR/USD Elliott Wave Analysis
Last week's breach of indicated support at 1.1270 suggests the reboun... - Mar 02 10:32 GMT
EUR/JPY Elliott Wave Analysis
The single currency slipped this week and weakness to 133.50 cannot b... - Feb 27 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Mar 03 04:35 GMT

Action Bias

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

Fundamental Analysis Reports

RBA Keep Rates On Hold But Suggest Further Easing
Mar 03 04:11 GMT, by ThinkForex
'At today's meeting the Board judged that, having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being. Further easing of policy may be a...
China Roundup: The PBoC Is Scrambling To Prevent A Hard Landing
Mar 03 03:35 GMT, by Forex.com
The takeaway from February is that the PBoC has undoubtedly switched to an easing bias. Last month the People's Bank of China (PBoC) announced two surprise moves aimed at fighting increasingly large ...
USDCAD Starts Week Higher Ahead Of NA Economic Releases
Mar 03 02:11 GMT, by MarketPulse
The loonie started the week on the back foot. The USD/CAD was trading in a 1.2480-1.2527 in overnight trade and continued to rise on the North American session. The forecasts for the Canadian economy...
AUD Traders Await RBA Cash Rate Decision
Mar 03 02:09 GMT, by ThinkForex
RBA Shadow board stated in notes yesterday that they would prefer the RBA to hold rates for 6-12 months before lifting them again. Interestingly, whilst they put a 64% probability that keeping rates ...
EM Rundown: China's Economic Dragon Blowing Smoke
Mar 03 01:42 GMT, by Forex.com
It's been an interesting start to what promises to be a interesting week in the FX market. The biggest story of Monday's trade thus far has been the continued strength of the dollar despite disappoin...
Something Up With The Dollar?
Mar 03 01:36 GMT, by Forex.com
One to ponder late on a Monday afternoon. After another set of economic data misses today from the US, with personal income, personal spending, construction spending and ISM manufacturing all disappo...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Mar 03 03:41 GMT, by HY Markets
THE EURO closed lower on Monday as it extends last week's decline. The midrange close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI remain n...
Daily Technical Analysis
Mar 03 03:33 GMT, by FX Instructor
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.1245. A clear break above that area could trigger further bullish pullback testing 1.12...
Market Morning Briefing
Mar 03 03:32 GMT, by Kshitij Consultancy Services
The Euro (1.1192) appears poised for a decline towards 1.1045 in a few days. A break below 1.1114 needed to confirm. Resistances on the upside are 1.1270 and 1.1340. Further profit-taking in Dollar-Y...
AUD/USD – Has Eyes Back On Support At 0.77 Again
Mar 03 02:17 GMT, by MarketPulse
After finally springing to life in the middle of last week, the Australian dollar dropped sharply to close out the week and fall back down below 0.7800 again to more familiar territory below the resi...
Australia 200 – Moves Through To New Multi-Year High Near 6000
Mar 03 02:14 GMT, by MarketPulse
The Australia 200 index just continues on its merry way steadily moving higher above the key 5800 level to reach yet another multi-year high near 6000. In the last month or so the Australian 200 inde...
USDJPY - Vulnerable Below The 120.47 Level
Mar 03 01:45 GMT, by FXTechstrategy
USDJPY - Despite the pair's marginal higher close the past week, it still faces bear risk while holding below the 120.47 level. On the downside, support comes in at the 118.62 level where a break wil...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
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...
All Long Term Forecasts >>
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