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Apr 02 04:23 GMT

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Daily Report: Aussie Lower on Trade Deficit and Rate Expectations
Apr 02 04:07 GMT, by ActionForex.com
Aussie weakens mildly in Asian session and is heading to 0.7559 support against the greenback. Trade deficit widened for the third straight month to AUD -1.26b in February, slightly wider than expectation of AUD -1.25b. Exports dropped -4.6% yoy as iron ore export volume struggled on weak demand. But it should be noted the price of iron ore than t...

Technical Outlook

USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. More sideway trading could be seen in range of 1.2406/2834. , ... - Apr 02 04:17 GMT
AUD/USD Daily Outlook
AUD/USD is still staying in range above 0.7559 despite this week's sharp fall. Intraday bias remains neutral first. The... - Apr 02 04:08 GMT
USD/CAD Mid-Day Outlook
Intraday bias in USD/CAD remains neutral for the moment. More sideway trading could be seen in range of 1.2406/2834. , ... - Apr 01 15:56 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for the moment. Consolidation from 1.0461 might extend but in case of another ... - Apr 01 15:54 GMT

Special Reports

Japan's Quarterly Tankan Survey Reveals Cautiousness In Businesses
Apr 01 11:36 GMT
The latest Tankan survey covering the period of February 25 to March 31 depicte...
Bearish Zhou Stimulated Easing Speculations
Mar 31 05:15 GMT
Following last week's disappointing data release, PBOC Governor Zhou Xiaochuan ...
Aussie Remains Bearish amidst Soft Macroeconomic Outlook
Mar 26 12:33 GMT
Similar to other higher-yield currencies, Australian dollar rebounded against t...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9635
As the greenback has retreated after faltering below yesterday's high of 0.9756, retaining our view that minor consolidation woul... - Apr 01 16:10 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day brief fall to 1.4740, lack of follow through selling on break of previous support at 1.4753 and current rebound... - Apr 01 16:07 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.0840
As the single currency has recovered again after holding above yesterday's low at 1.0713, suggesting minor consolidation would be... - Apr 01 16:03 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Despite intra-day initial rise to 120.33, the subsequent retreat after faltering below indicated resistance at 120.36 has retaine... - Apr 01 15:58 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/USD Candlesticks and Ichimoku Analysis
Aussie met renewed selling interest at 0.7938 last week and has dropped qu... - Apr 01 07:11 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Despite rising briefly to 94.65 last month, aussie met renewed selling int... - Apr 01 07:05 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound met renewed selling interest at 1.4994 last week and has... - Mar 31 07:35 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7330
Although the single currency has rebounded after finding support at 0.7223 yesterday, if our view that top has been formed at 0.7... - Apr 01 15:04 GMT
Trade Idea: USD/CAD - Buy at 1.2570
As the greenback has slipped again after meeting resistance at 1.2710, retaining our view that further consolidation below 1.2784... - Apr 01 15:00 GMT
Trade Idea: EUR/JPY - Buy at 128.50
Although the single currency slipped again yesterday and near term downside risk remains for the retreat from 131.51 to extend we... - Apr 01 10:23 GMT
Trade Idea: AUD/USD - Hold short entered at 0.7665
As aussie has fallen again after meeting renewed selling interest at 0.7665, retaining our bearish view that the rebound from 0.7... - Apr 01 10:10 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Aussie's retreat from 0.7938 turned out to be much deeper than expect... - Apr 01 11:00 GMT
EUR/CHF Elliott Wave Analysis
The single currency met renewed selling interest at 1.0701 last month... - Apr 01 10:46 GMT
GBP/USD Elliott Wave Analysis
The British pound has retreated after meeting resistance at 1.4994 la... - Mar 31 10:03 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 02 05:15 GMT

Action Bias

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

Asian Equities Expected To Rebound
Apr 02 02:38 GMT, by MarketPulse
Asian index futures rose, signaling a rebound after stocks started the new quarter with declines amid concern over the the U.S. economic recovery. The dollar held losses, while oil dropped after its ...
Iron Ore Plunges Below $50 - Rate Cuts A Done Deal
Apr 02 02:35 GMT, by ThinkForex
The Australian economy and Dollar took another blow overnight as the price of Iron Ore plummeted below $50. The bearish trend of Iron Ore, whilst not exactly a new one, has seen a noticeable accelera...
Iron Ore Weighs Further On The Aussie
Apr 02 02:03 GMT, by Vantage FX
First up, overnight the price of Iron Ore was still the big issue for Asian traders. Markets are still concerned about growth in the Chinese economy and compounded by over an over supply of Iron Ore,...
US ISM Manufacturing Index Declined again in March
Apr 01 15:37 GMT, by RBC Financial Group
Activity in the US manufacturing sector continued to expand in March, although the pace of growth moderated further as measured by the ISM manufacturing index, which fell to 51.5 from 52.9 in Februar...
Dollar - Looking for Reasons to Trade Higher
Apr 01 12:44 GMT, by MarketPulse
With month-end, quarter-end and a plethora of equity and forex option expiries now officially out of the way, investors will now be preparing themselves to sit tight and wait for Friday's U.S non-far...
Jobs and Oil Stocks in Focus After Good European Start
Apr 01 12:42 GMT, by MarketPulse
A weaker open in Europe this morning fooled many investors on the first day of the second quarter as indices quickly reversed course to trade significantly higher thanks to a big boost from some Euro...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Apr 02 03:52 GMT, by FX Instructor
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Potential daily range is seen between 1.0815 – 1.0700. A clear break and daily close above 1.0815 could trigger further bulli...
Foreign Exchange Market Commentary
Apr 02 03:51 GMT, by HY Markets
THE EURO closed higher on Wednesday. The midrange close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearis...
Market Morning Briefing
Apr 02 03:50 GMT, by Kshitij Consultancy Services
Euro (1.0763), Aussie (0.7571) and Yen (119.61) looks weak while Pound (1.4827) may see some stable movement in the near term. Overall the Dollar Index (98.17) is stable and may see a movement within...
Australia 200 – Continues To Steady Above Key 5800 Level
Apr 02 02:32 GMT, by MarketPulse
A couple of weeks ago the Australia 200 index pushed higher to a multi-year high to just above the key resistance level at 6000, before easing lower throughout last week to below 5900. It now has its...
AUD/USD – Enjoying Support At 0.76 Presently
Apr 02 02:31 GMT, by MarketPulse
For the last week or so now the Australian dollar has fallen away sharply to down below the key 0.77 level and further to some short term support around 0.76 where it is presently enjoying some suppo...
GOLD - Remains Weak And Vulnerable
Apr 02 02:25 GMT, by FXTechstrategy
GOLD - With GOLD's bias continuing to point lower, further bearishness is now envisaged. This is consistent with its short term weakness triggered off the 1,219.51 level the past week. On the downsid...
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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