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Sep 02 06:23 GMT

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Daily Report: Risk Aversion Continues, Aussie Lower on GDP Miss
Sep 02 04:47 GMT, by ActionForex.com
US equities tumbled overnight with DJIA losing -469.68 pts, or -2.84% to close at 16058.35, after breaching 16000 handle. S&P 500 also dropped -58.33 pts, or -2.96%, to close at 1913.85. Asian markets opened lower but quickly recovered. Sentiments were weighed down by renewed worry over slowdown in China and spillover to the global economy. IM...

Technical Outlook

EUR/USD Daily Outlook
Outlook in EUR/USD is unchanged. Deeper fall is expected with 1.1363 minor resistance intact. The corrective rise from ... - Sep 02 05:10 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for the moment. Fall from 1.5929 should target 100% projection of 1.59... - Sep 02 05:08 GMT
USD/CHF Daily Outlook
No change in USD/CHF's outlook. Recent sideway pattern in is possibly developing into a triangle. From a near term angl... - Sep 02 05:06 GMT
USD/JPY Daily Outlook
The rebound from 116.13 is likely completed at 121.62 already after failing to break through 4 hours 55 EMA. Intraday b... - Sep 02 05:04 GMT

Special Reports

RBA Left Rate Unchanged, Stayed Neutral Despite Chinese Slowdown And Equity Volatility
Sep 01 08:01 GMT
As expected, the RBA left the cash rate unchanged at 2%. Despite recent stock m...
Limited Impacts Expected from PBOC's Belated Easing
Aug 26 12:52 GMT
PBOC cut its policy rates by -25 bps, taking the benchmark one-year lending rat...
Fed's Rate Hike Speculations Shrank. Less Likely to Hike Rates in September
Aug 26 12:41 GMT
The China-led global financial market crash has made the case of a September Fe...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 0.9665
As the greenback has rebounded after finding support at 0.9569, suggesting initial upside bias is seen for recovery to 0.9655-65,... - Sep 01 16:19 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
The British pound has fallen again after meeting renewed selling interest at 1.5408 earlier today, dampening our near term bullis... - Sep 01 16:11 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day anticipated rebound to 1.1332, the subsequent retreat suggests consolidation would bee seen and test of the low... - Sep 01 16:06 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's intra-day fall to 119.54 suggests a temporary top has been formed at 121.75 and consolidation with mild downside bias is... - Sep 01 15:53 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound ran into heavy selling interest at 1.5818 last week and ... - Sep 01 09:35 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Dollar's rebound from 0.9259 turned out to be much stronger than expected,... - Sep 01 09:11 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Despite last week's rally to 1.1714, the subsequent retreat formed several... - Aug 31 09:58 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7280
The single currency found good support at 0.7245 and has rebounded, suggesting the correction from 0.7423 has possibly ended ther... - Sep 01 14:41 GMT
Trade Idea: USD/CAD - Stand aside
Despite yesterday's brief bounce to 1.3327, the subsequent retreat has retained our view that further consolidation below last we... - Sep 01 14:33 GMT
Trade Idea: EUR/JPY - Sell at 136.50
As the single currency has fallen again after brief recovery, suggesting the decline from 139.01 top is still in progress and may... - Sep 01 10:32 GMT
Trade Idea: AUD/USD - Sell at 0.7150
Aussie met renewed selling interest at 0.7154 (just missed our short entry at 0.7160) and has retreated, retaining our bearishnes... - Sep 01 10:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Cable's retreat from 1.5818 turned out to be much stronger than expec... - Sep 01 10:53 GMT
GBP/JPY Elliott Wave Analysis
Sterling's retreat from 195.25 turned out to be much stronger than ex... - Sep 01 10:44 GMT
EUR/USD Elliott Wave Analysis
Although the single currency surged to 1.1714 last week, the subseque... - Aug 31 10:49 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 02 06:15 GMT

Action Bias

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

Europe Seen Higher As Panic In Asia Eases
Sep 02 06:05 GMT, by MarketPulse
Stability in Asian markets overnight is offering support to European indices ahead of the open on Wednesday following another turbulent start to the week. In the absence of changing fundamentals, we ...
AUD Looks Vulnerable After Dismal GDP Data
Sep 02 06:04 GMT, by Forex.com
The Australian economy only grew 0.2% q/q last quarter, missing an expected 0.4% expansion and the slowest rate of growth since Q1 2013. A slowdown in China is weighing heavily on Australia’s massive...
EURGBP Testing The Channel
Sep 02 06:02 GMT, by Blackwell Global
The Euro-Pound pair has found some bids over recent weeks, but all this has served to do is test the channel it has been stuck in for the past 6 months. Can it break the shackles, or will the Pound r...
European Open Briefing
Sep 02 05:50 GMT, by IC Markets
Major currencies update: Asian equities are declining today in the Asian session, following continued declines in European, and US equities, with the S&P500 index closing down -2.96% yesterday, a...
Asian Market Update: Asia Equities, US Futures Reverse Initial Declines, Australia GDP Slows To 4-Year Lows But Avoids Contraction
Sep 02 05:30 GMT, by Trade The News
Wild volatility on display in the US hours has reverberated in Asia, but this time the pendulum is swinging the other way. After opening down nearly 4.5%, Shanghai Composite has entered midday break ...
AUD/USD: Australia's Second Quarter GDP Grew At Slower Pace Than Market Forecasts
Sep 02 05:28 GMT, by GCI Financial
The pair is expected to find support at 0.6947, and a fall through could take it to the next support level of 0.6878. The pair is expected to find its first resistance at 0.7121, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Outlook And Review
Sep 02 05:57 GMT, by IC Markets
During the course of yesterday's sessions the EUR aggressively pierced offers sitting around 1.1300. This not only formed a nice looking 4hr bearish pin, but also forced price south to retest the mid...
Trend Lines Offer Decision Spots In FX Market
Sep 02 05:48 GMT, by Admiral Markets
The EUR/USD has bounced at the support trend line (green) but the rebound has been relatively slow which has created a triangle. A break above resistance (red) or below support (green) could trigger ...
Daily FX Report
Sep 02 05:00 GMT, by Varengold Bank
Activity in China's manufacturing sector contracted at its fastest pace in three years in August, according to official data, reinforcing fears of a sharper slowdown in the world's second-largest eco...
EURJPY - Broader Risk Points To The Downside
Sep 02 04:02 GMT, by FXTechstrategy
EURJPY - The pair resumed its short term weakness on Tuesday leaving risk of further weakness on the cards. This view remains valid while the cross trades and holds below the 136.60 level. Support co...
Market Morning Briefing
Sep 02 03:59 GMT, by Kshitij Consultancy Services
Euro (1.1270) has come off after making an intra-day high of 1.1332 yesterday, in line with our expectation. While below 1.136-1.14, we may see a consolidation over the next few sessions in the 1.11-...
Daily Technical Analysis
Sep 02 02:06 GMT, by FX Instructor
The EURUSD had a bullish momentum yesterday topped at 1.1331 but still unable to stay consistently above 1.1300 so far. The bias is bullish in nearest term testing 1.1350. A clear break above that ar...
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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