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Sep 03 04:31 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

USD/JPY Daily Outlook
USD/JPY reaches as high as 105.30 so far as recent rally extends. Intraday bias remains on the upside for the moment. A... - Sep 03 04:24 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.3993 is still in progress and w... - Sep 02 13:36 GMT
GBP/USD Mid-Day Outlook
GBP/USD drops to as low as 1.6514 so far in early US session and the break of 1.6534 indicates resumption of recent fal... - Sep 02 13:32 GMT
USD/CHF Mid-Day Outlook
USD/CHF reaches as high as 0.9211 so far today and intraday bias remains on the upside. Current rally would now target ... - Sep 02 13:27 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 04:25 GMT

Action Bias

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

Australia's Expansion At Slower Pace In Q2
Sep 03 04:08 GMT, by ICN.com
Australian economy recorded a slowed expansion during the second quarter of this year, underscoring the Reserve Bank of Australia's plan to keep the nation's interest rates at low-record to spur grow...
AUD's Big Day
Sep 03 01:48 GMT, by Forex.com
It's another big day for the Australian dollar as it awaits the release of economic growth figures and a speech by RBA Governor Stevens. Yesterday's monetary policy meeting at the RBA proved to be la...
Could Palladium Start To Follow The Other Commodities Lower?
Sep 03 00:53 GMT, by Forex.com
Yesterday we looked at gold and pointed to the fact that it hasn't found much safe haven demand despite all the on-going geopolitical risks. What's more, the strengthening of the US dollar and the re...
US Dollar Hits Yen And Sterling, Aussie Doing Okay And Euro Consolidating
Sep 03 00:47 GMT, by Vantage FX
Last night was the night when markets might have had a light bulb moment and realised that the US economy really is doing well and that there may be a black swan or two hiding in plain sight. The dat...
US Manufacturing Activity Unexpectedly Improved in August; Construction Spending Rose in July
Sep 02 15:04 GMT, by RBC Financial Group
Activity in the US manufacturing sector expanded in August 2014 at a quicker pace than the previous month as evidenced by the ISM manufacturing index rising to 59.0 from 57.1 in July. Acceleration in...
GBPUSD and the Scottish Referendum
Sep 02 13:12 GMT, by Forex.com
Currency traders woke up to a rather unsettling headline this morning - Yougov poll finds rapid shift in favour of Scottish Independence . For most of the campaign the FX market has shrugged off the...
All Daily Fundamental Reports >>

Technical Analysis Reports

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...
USDCAD: Seeking To Buy Any Dips
Sep 03 01:53 GMT, by ThinkForex
Following the first rejection of 1.081 with a bullish hammer and subsequent break to a 5-day high USDCAD remains a firm 'buy the dip' currency pair with 1.087 likely to attract further buying pressur...
AUD/USD - Falls Sharply Through Key 0.93 Level
Sep 03 01:07 GMT, by MarketPulse
The Australian dollar has experienced a reasonably sharp fall in the last 24 hours breaking back down through the support level at 0.93 to a one week low around 0.9270. It enjoyed a solid week last w...
Australia 200 - Surges To New Multi Year High Above 5650
Sep 03 01:05 GMT, by MarketPulse
After spending the last week consolidating and trading in a very narrow range right around 5620, the Australian 200 Index has surged higher again to achieve a new multi-year high around 5660. This ha...
AUDUSD - Bearish, Roles Over
Sep 03 00:55 GMT, by FXTechstrategy
AUDUSD - With the pair selling off strongly during Tuesday trading session today, it now faces the risk of further decline. Support lies at the 0.9250 level. A cut through here will turn attention to...
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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