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Sep 23 04:16 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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Action Insight Newsletter
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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
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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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Last Updated: Sep 23 04:10 GMT

Action Bias

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

EM Rundown: Two Key Central Bank Meetings On Tap
Sep 23 02:37 GMT, by Forex.com
As we roll into a new trading week, the biggest story remains the uninterrupted rally in the world's reserve currency. For the first time since President Nixon officially severed the US dollar's fixe...
Aussie On Its Way To The Target Zone, USDJPY Top In?
Sep 23 02:30 GMT, by Vantage FX
I bemoaned the market a couple or a few months back as lacking volatility which to me was a sign that something was up. Of course it was the northern hemisphere summer but complacency was everywhere ...
US Existing Home Sales Fell from 10-month High in August
Sep 22 15:24 GMT, by RBC Financial Group
The level of existing home sales in the US dropped by 1.8% in August to 5.05 million seasonally adjusted annualized units from the revised 5.14 million units seen in July (initially reported at 5.15 ...
GBP/USD - Limited Movement After Recent Volatility
Sep 22 15:23 GMT, by MarketPulse
The pound is having a quiet day, as GBP/USD takes a breather following strong volatility on Thursday and Friday. The pair is in the mid-1.63 range in the North American session. In the US, Existing H...
USD/CAD - Back Above 1.10 as Canadian Dollar Slips
Sep 22 15:22 GMT, by MarketPulse
USD/CAD has moved sharply higher at the start of the trading week, as the pair trades slightly above the 1.10 line on Monday. On the release front, US Existing Home Sales sputtered, as the indicator ...
AUD/USD - Slide Continues as Aussie Dips Below 89
Sep 22 13:01 GMT, by MarketPulse
The Australian dollar continues to head south on Monday, as AUD/USD trades in the high-0.88 range late in the European session. The Aussie has been in free fall in September, giving up about 450 poin...
All Daily Fundamental Reports >>

Technical Analysis Reports

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.
Market Morning Briefing
Sep 23 03:33 GMT, by Kshitij Consultancy Services
Euro (1.2852) is showing very marginal signs of making a bottom near 1.2825-2800 with a severe decrease in bearish momentum despite the new lows. Though a break above 1.2930 and then 1.30 is immediat...
EURUSD: Recovery Threats Envisaged
Sep 23 03:13 GMT, by FXTechstrategy
EURUSD - With EUR turning higher on Tuesday to halt its weakness, it could be building up energy to recover higher. Support lies at the 1.2800 level where a break will expose the 1.2750 level. Below ...
AUD/USD - Looking Straight At Support At 0.87
Sep 23 02:48 GMT, by MarketPulse
The last couple of weeks has now seen a strong decline for the Australian dollar moving from close to 0.94 down to around 0.8860 and a seven month low. In the last few days to finish out last week th...
Australia 200 - Falls To Six Month Low Around 5350
Sep 23 02:45 GMT, by MarketPulse
For the last few weeks 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 ...
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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