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Sep 03 07:03 GMT

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Daily Report: Sterling Tumbles Further on Growing Support for Scottish Independence
Sep 03 04:24 GMT, by ActionForex.com
Sterling is so far the weakest major currency next to yen. The selloff in the pound seems accelerating after reports on the referendum on Scottish independence. It's reported that a YouGov poll showed jump in the support from pro-independence to 47% this week. That compared to 53% support of anti-independence. So, the case of independence is becom...

Technical Outlook

GBP/JPY Daily Outlook
GBP/JPY reached as high as 173.95 but retreated from there. Intraday bias is turned neural first. With 171.67 support i... - Sep 03 05:21 GMT
EUR/JPY Daily Outlook
EUR/JPY's break of 138.02 resistance completed a head and shoulder bottom pattern (ls: 136.36, h: 135.72, rs: 136.41). ... - Sep 03 05:17 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. Sustained trading below 1.4050 support will have bearish impli... - Sep 03 05:10 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. Consolidation from 0.7873 might extend. But in case of another... - Sep 03 05:07 GMT

Special Reports

RBA Kept The Powder Dry, Judging Spare Capacity Would Keep Unemployment Rate Elevated
Sep 02 08:08 GMT
The RBA left the cash rate unchanged at 2.5% for the 13th month in September. W...
The Week Ahead - ECB in Focus but QE Unlikely
Sep 01 09:03 GMT
We have a busy calendar as September starts. While the focus is undoubtedly Thu...
Dovish Draghi Does Not Mean ECB Would Act Further In September
Aug 27 06:31 GMT
Selloff of the euro continues after ECB president Mario Draghi's speech last we...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9150 or sell at 0.9250
Although the greenback has maintained a firm undertone after resuming recent upmove and near term upside bias remains for further... - Sep 02 15:26 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6565
Cable's intra-day selloff in part due to active cross-selling in sterling suggests recent decline is still in progress and may ex... - Sep 02 15:22 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.3090
Although the single currency has remained under pressure and near term downside risk remains for recent decline to extend further... - Sep 02 15:17 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 104.60
As the greenback has maintained a firm undertone after intra-day rally above psychological level at 105.00, bullishness remains f... - Sep 02 15:11 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound recovered after finding support at 1.6537 twice last wee... - Sep 02 07:08 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback has risen again after brief pullback and has maintained a fi... - Sep 02 07:04 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency slipped again after opening lower last week, suggestin... - Sep 01 10:24 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7925
The single currency has finally rebounded after falling to 0.7892 yesterday, retaining our near term bullishness and another boun... - Sep 02 14:20 GMT
Trade Idea: USD/CAD - Buy at 1.0845
As the greenback has risen again after brief pullback to 1.0856, adding credence to our view that low has possibly been formed at... - Sep 02 14:14 GMT
Trade Idea: EUR/JPY - Buy at 137.30
The single currency found good support at 136.37 last week and has staged a strong rebound, reviving our near term bullishness an... - Sep 02 09:29 GMT
Trade Idea: AUD/USD - Hold long entered at 0.9330
Aussie has dropped again after meeting renewed selling interest at 0.9352 yesterday, suggesting caution on our bullishness and in... - Sep 02 09:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound only recovered to 1.6644 before running into renewe... - Sep 02 10:00 GMT
GBP/JPY Elliott Wave Analysis
The British pound held above last month's low at 170.45 and has stage... - Sep 02 09:54 GMT
USD/JPY Elliott Wave Analysis
The greenback only eased to 103.56 (we recommended to buy at 103.20) ... - Sep 01 11:04 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 03 06:55 GMT

Action Bias

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

Australian GDP, Stevens And The AUD
Sep 03 06:50 GMT, by Forex.com
The Australian economy slowed in Q2 after a strong first quarter. The export driven growth at the beginning of the year was no longer able to support the economy. In fact, the Australian Bureau of St...
European Markets Await Euro-Area PMIs Data, ECB Eyed
Sep 03 06:38 GMT, by ICN.com
The economic clock is expected tick louder on Tuesday, with the final Eurozone services Purchasing Managers' Indexes (PMI) readings due to be released. The euro-area PMIs are forecasted to show negat...
AUD/USD: Australian Economy Grew More Than Expected In 2Q 2014
Sep 03 05:41 GMT, by GCI Financial
The pair is expected to find support at 0.9252, and a fall through could take it to the next support level of 0.9229. The pair is expected to find its first resistance at 0.9310, and a rise through c...
USD/CAD: Loonie Trading Lower, Ahead Of The BoC's Interest Rate Decision
Sep 03 05:40 GMT, by GCI Financial
The pair is expected to find support at 1.0896, and a fall through could take it to the next support level of 1.0861. The pair is expected to find its first resistance at 1.0951, and a rise through c...
EUR/USD: Euro Extends Its Gains In The Asian Session
Sep 03 05:06 GMT, by GCI Financial
The pair is expected to find support at 1.3117, and a fall through could take it to the next support level of 1.31. The pair is expected to find its first resistance at 1.3145, and a rise through cou...
GBP/USD: Pound Extends Its Losses In The Asian Session, Ahead Of Services PMI Data
Sep 03 05:05 GMT, by GCI Financial
The pair is expected to find support at 1.6423, and a fall through could take it to the next support level of 1.6378. The pair is expected to find its first resistance at 1.6553, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Sep 03 06:23 GMT, by Varengold Bank
Yesterday the Dow Jones Index of shares dropped 0.2 percent and the Standard & Poor’s Index weakened 0.1 percent. On Tuesday data showed that producer prices in the euro zone tumbled as expected,...
Euro Steadies Ahead of Tomorrow's ECB Policy
Sep 03 04:54 GMT, by ZIFX.com
On Tuesday Euro/Dollar traded within narrow almost 30 pip range. The European currency depreciated from 1.3137 to 1.3109 yesterday, matching the negative money flow sentiment at under -7%, closing th...
The Daily Wave Analysis
Sep 03 04:45 GMT, by Admiral Markets
The weekly support (green) at 1.31 and the divergence between the bottoms (blue line) could cause a temporary retracement to the upside. I think it is best to keep an eye on the bottom (green) and to...
Foreign Exchange Market Commentary
Sep 03 04:28 GMT, by HY Markets
THE EURO closed lower on Tuesday. The highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish si...
Daily Technical Analysis
Sep 03 04:16 GMT, by FX Instructor
The EURUSD had another insignificant movement yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.3050 – 1.3000. Immediate resistance rem...
Market Morning Briefing
Sep 03 04:05 GMT, by Kshitij Consultancy Services
Dollar-Yen (105.19) almost tested the 6-year high of 105.44 and the bullish momentum is increasing. A firm closing above 105.40-50 could signal a rally to the long term resistance at 108-109. Euro-Ye...
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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