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Oct 02 08:23 GMT

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Daily Report: Dollar Retreated after Weak Data, ECB to Provide Details on ABS Purchases
Oct 02 05:05 GMT, by ActionForex.com
Dollar retreated broadly overnight after weaker than expected manufacturing data. The ISM manufacturing index dropped to 56.6 in September versus expectation of 58.5. It should also be noted that the employment component dropped rather sharply from 58.1 to 54.6. The ADP employment report was solid though, showing 213k growth in private sector jobs...

Technical Outlook

GBP/JPY Daily Outlook
The break of 38.2% retracement of 169.34 to 180.70 at 176.36 suggests that deeper pull back is underway. Intraday bias ... - Oct 02 08:00 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains on the downside as the fall from 141.21 is still in progress for 135.72 support. As no... - Oct 02 07:57 GMT
EUR/AUD Daily Outlook
The break of 1.4378 support suggests that a short term top is in place at 1.4586 and intraday bias is turned to the dow... - Oct 02 07:52 GMT
EUR/GBP Daily Outlook
Outlook in EUR/GBP remains unchanged. While deeper fall might be seen, we'd be cautious on bottoming around 0.7755 key ... - Oct 02 07:46 GMT

Special Reports

The Week Ahead: Details about ECB's ABS Purchases Expected
Sep 29 13:49 GMT
The focus of this week is ECB meeting due Thursday and US' employment report du...
Japanese Yen May Weaken Further Should BOJ Extend Monetary Base
Sep 25 12:16 GMT
Japanese yen resumed weakness after a briefly rebound against the US dollar aft...
China To Continue To Add Stimulus Despite Finance Minister's Hawkish Comments
Sep 23 09:30 GMT
Comments that Chinese Finance Minister Lou Jiwei made at the G20 meeting damped...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9500
Although dollar has rebounded after finding support at 0.9526, break of this week's high at 0.9597 is needed to signal recent upm... - Oct 02 07:47 GMT
Trade Idea: GBP/USD - Sell at 1.6285
As the British pound has remained under pressure, suggesting recent decline may resume after consolidation, break of yesterday's ... - Oct 02 07:43 GMT
Trade Idea: EUR/USD - Sell at 1.2715
Although the single currency has retreated after intra-day rebound to 1.2674, break of this week's low at 1.2571 is needed to sig... - Oct 02 07:34 GMT
Trade Idea: USD/JPY - Stand aside
As dollar's retreat from 110.09 turned out to be stronger than expected, dampening our bullishness and this move suggests a tempo... - Oct 02 07:30 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Kiwi's decline has accelerated in the past two weeks and pscyhological sup... - Oct 01 07:32 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar continued to head south after recent selloff and aus... - Oct 01 07:28 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.9353 (we recommended to b... - Sep 30 07:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7885
Although euro has continued to trade defensively after recent selloff, suggesting bearishness remains for decline to extend furth... - Oct 01 15:26 GMT
Trade Idea: USD/CAD - Buy at 1.1095
As the greenback has retreated after intra-day rise to 1.1223, suggesting minor consolidation would be seen and pullback to 1.113... - Oct 01 15:22 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency fell again to 137.94 yesterday, lack of follow through selling and the subsequent recovery suggest c... - Oct 01 09:08 GMT
Trade Idea: AUD/USD - Sell at 0.8830
Despite intra-day fall to 0.8663, as the Australian dollar has recovered after holding above previous support at 0.8660, suggesti... - Oct 01 09:00 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
The single currency dropped again after meeting renewed selling inter... - Oct 01 10:47 GMT
AUD/USD Elliott Wave Analysis
Recent decline gathered momentum and looks set to test previous suppo... - Oct 01 10:35 GMT
GBP/USD Elliott Wave Analysis
Although the British pound has retreated after meeting resistance at ... - Sep 30 09:06 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 02 08:15 GMT

Action Bias

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

USD Flounders In Asia, AUD Is Bolstered By Australian Economic Data
Oct 02 07:08 GMT, by Forex.com
It was always going to be an interesting trading session in Asia today. The market was digesting some disappointing US economic data overnight while preparing for a policy meeting at the ECB tonight,...
German Manufacturing Breaks 14-Month Growth Streak, Italian Industry Rebounds
Oct 02 07:06 GMT, by Dukascopy Swiss FX Group
Manufacturing industry in Germany declined in September for the first time in 14 months, as new orders dropped at producers, which have tight links with Russian market, while they suffer from economi...
U.S. Employment Rises Faster, Manufacturing Activity Remains Positive
Oct 02 07:04 GMT, by Dukascopy Swiss FX Group
The total number of new added jobs in the United States surged in September, as economy is growing, fuelling sentiment among businesses and forcing them to employ more staff. According to Moody's Ana...
U.K. Production Sector Grows At Slowest Pace Since June 2013
Oct 02 07:03 GMT, by Dukascopy Swiss FX Group
Production sector of the United Kingdom, which accounts for just more than 10% of country's economy, advanced at its slowest pace in September of this year since June 2013. The Purchasing Managers' I...
Australian Retail Sales Rise Slower Than Expected As Manufacturing Declines
Oct 02 07:02 GMT, by Dukascopy Swiss FX Group
Retail sector in Australia posted a slower-than-forecasted advance in August, raising concerns about country's ability to reach sustainable economic growth in the foreseeable future, as in times of d...
China's Manufacturing Expands In Line With Predictions
Oct 02 07:01 GMT, by Dukascopy Swiss FX Group
Activity in the manufacturing sector of China, the second-largest economy in the world, continues to expand; however, the pace of rise remains uncertain, as it balances between advance and decline fo...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Finds Support At 1.26
Oct 02 07:17 GMT, by Dukascopy Swiss FX Group
Continuation of Tuesday's sell-off did not take place yesterday—the support at 1.26, represented by the weekly S1 and Bollinger band, remains intact. In case of a rally from here the currency pair wi...
GBP/USD To Be Capped By 1.63
Oct 02 07:16 GMT, by Dukascopy Swiss FX Group
After hitting the weekly S1 during yesterday's trading sessions, GBP/USD is currently moving counter the major trend—towards the negatively-sloped line at 1.63. Considering that this resistance is al...
USD/JPY Slipped Beneath 109
Oct 02 07:15 GMT, by Dukascopy Swiss FX Group
As it turned out, USD/JPY did not have to touch the 2008 high in order to come under strong selling pressure. Right now the spot is 100 pips below the Tuesday's close, as the weekly PP and 2008 Sep h...
USD/CHF Intimidated By 0.9580
Oct 02 07:14 GMT, by Dukascopy Swiss FX Group
USD/CHF keeps standing close to the resistance at 0.9586/78. If the sellers here manage to send the price down to 0.9450—the risk of a break-out to the downside will substantially increase, since the...
Daily FX Report
Oct 02 06:05 GMT, by Varengold Bank
Yesterday the Dow Jones index of shares declined 1.4 percent and the Standard & Poor’s index fell 1.3 percent. U.S. Treasure yields rose to almost the highest versus the German counterparts since...
The Daily Wave Analysis
Oct 02 04:48 GMT, by Admiral Markets
Due to the interest rate announcement on the Euro later today, the wave count is vulnerable to change. Price bounced off of the bottom of the downtrend channel yesterday and seems to have completed w...
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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