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Mar 03 03:09 GMT

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Mid-Day Report: Dollar Firm Despite Weak Data, Euro Lifted by CPI
Mar 02 14:14 GMT, by ActionForex.com
The greenback is mildly higher today and stays firm in early US session after first batch of data. Nonetheless, it stays negative against Euro as the latter was lifted by better than expected inflation data. From US, personal income rose 0.3% in January while spending dropped -0.2%. Both were below expectations. Headline PCE slowed more than expec...

Technical Outlook

EUR/GBP Mid-Day Outlook
EUR/GBP recovers mildly today but momentum is strong enough to warrant reversal yet. Intraday bias stays neutral for th... - Mar 02 14:20 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. At this point, rise from 1.4950 is viewed as a corrective move... - Mar 02 14:20 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral for the moment. Overall, the pair is staying in the sideway consolidation patt... - Mar 02 14:18 GMT
EUR/USD Mid-Day Outlook
EUR/USD recovers after initial dip but further fall is still cautiously in favor as long as 1.1278 minor resistance hol... - Mar 02 14:15 GMT

Special Reports

China Watch: Flash PMI Signaled Manufacturing Activities Expanded. Deflation Risks Heightened, An Official Warned
Feb 25 10:36 GMT
China's flash manufacturing PMI by HSBC surprisingly drifted back to above 50, ...
Upbeat Yellen Signaled Fed's On Course For Hike Later This Year
Feb 25 06:29 GMT
Fed Chair Janet Yellen in the congressional testimony reiterated the message th...
A Third Of BOJ Members Skeptical Over The Inflation Target
Feb 23 10:49 GMT
The minutes for the January BOJ meeting unveiled that 3 out of the 9 members do...
All Special Reports >>

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Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has maintained a firm undertone after breaking last week's high at 0.9547 and near term upside risk remain... - Mar 02 16:55 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5450
As the British pound has fallen again after brief recovery to the Kijun-Sen, adding credence to our view that top has been formed... - Mar 02 16:35 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1130 or sell at 1.1280
Euro's intra-day rebound from 1.1160 suggests consolidation would be seen with mild upside bias for corrective bounce to Friday's... - Mar 02 16:26 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 119.60
The greenback has risen again after brief pullback, suggesting a test of previous resistance at 120.48 would be seen, however, br... - Mar 02 16:12 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency has dropped late last week and a long black c... - Mar 02 10:17 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback found support around the Kijun-Sen last week and has rebound... - Mar 02 09:55 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
The single currency slipped this week after meeting resistance just below ... - Feb 27 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7265
Although the single currency resumed recent decline, as euro has rebounded after finding support at 0.7240, suggesting consolidat... - Mar 02 14:44 GMT
Trade Idea: USD/CAD - Turn long at 1.2445
As the greenback rebounded after finding support at 1.2388 last week, retaining our view that further consolidation would be seen... - Mar 02 14:35 GMT
Trade Idea: EUR/JPY - Stand aside
Despite Friday's brief fall to 133.44, lack of follow through selling on break of previous support at 133.55 and current rebound ... - Mar 02 09:39 GMT
Trade Idea : AUD/USD - Hold long entered at 0.7800
As aussie's retreat from last week's high of 0.7913 has kept price under pressure, suggesting near term downside risk remains, ho... - Mar 02 09:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback has rebounded again after finding support at 1... - Mar 02 10:37 GMT
EUR/USD Elliott Wave Analysis
Last week's breach of indicated support at 1.1270 suggests the reboun... - Mar 02 10:32 GMT
EUR/JPY Elliott Wave Analysis
The single currency slipped this week and weakness to 133.50 cannot b... - Feb 27 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Mar 03 03:00 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE↓ DN↓ DN↓ DN
USDJPY- NE↑ UP↑ UP- NE
GBPUSD- NE↓ DN- NE- NE
USDCHF- NE↑ UP↑ UP- NE
USDCAD- NE↑ UP- NE↑ UP
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Forex Brokers

Fundamental Analysis Reports

USDCAD Starts Week Higher Ahead Of NA Economic Releases
Mar 03 02:11 GMT, by MarketPulse
The loonie started the week on the back foot. The USD/CAD was trading in a 1.2480-1.2527 in overnight trade and continued to rise on the North American session. The forecasts for the Canadian economy...
AUD Traders Await RBA Cash Rate Decision
Mar 03 02:09 GMT, by ThinkForex
RBA Shadow board stated in notes yesterday that they would prefer the RBA to hold rates for 6-12 months before lifting them again. Interestingly, whilst they put a 64% probability that keeping rates ...
EM Rundown: China's Economic Dragon Blowing Smoke
Mar 03 01:42 GMT, by Forex.com
It's been an interesting start to what promises to be a interesting week in the FX market. The biggest story of Monday's trade thus far has been the continued strength of the dollar despite disappoin...
Something Up With The Dollar?
Mar 03 01:36 GMT, by Forex.com
One to ponder late on a Monday afternoon. After another set of economic data misses today from the US, with personal income, personal spending, construction spending and ISM manufacturing all disappo...
Against A Currency War, The USD Holds On Even On Downbeat Data
Mar 03 01:33 GMT, by Vantage FX
US data released last night all missed market expectations. The ISD February manufacturing PMI fell for the fourth consecutive month to 53, showing the US manufacturing expansion is slowing. Also, pe...
US ISM Manufacturing Index Moderated Further in February
Mar 02 16:33 GMT, by RBC Financial Group
Further weakening in the ISM manufacturing index in February relative to strong readings in the second half of 2014 was disappointing although the level, which remains well in "expansionary" territor...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUD/USD – Has Eyes Back On Support At 0.77 Again
Mar 03 02:17 GMT, by MarketPulse
After finally springing to life in the middle of last week, the Australian dollar dropped sharply to close out the week and fall back down below 0.7800 again to more familiar territory below the resi...
Australia 200 – Moves Through To New Multi-Year High Near 6000
Mar 03 02:14 GMT, by MarketPulse
The Australia 200 index just continues on its merry way steadily moving higher above the key 5800 level to reach yet another multi-year high near 6000. In the last month or so the Australian 200 inde...
USDJPY - Vulnerable Below The 120.47 Level
Mar 03 01:45 GMT, by FXTechstrategy
USDJPY - Despite the pair's marginal higher close the past week, it still faces bear risk while holding below the 120.47 level. On the downside, support comes in at the 118.62 level where a break wil...
AUDUSD: How Low Can You Go?
Mar 03 01:43 GMT, by Forex.com
By this point, you have already probably heard that the Reserve Bank of Australia will be making a monetary policy decision this evening, and that they are expected by a majority of market participan...
Precious Metals: Alternative Currency Thesis Called Into Question
Mar 03 01:40 GMT, by Forex.com
Precious metals are trading lower as I go to press. Despite China becoming the latest central bank to cut interest rates again over the weekend, gold and silver have not found much demand as alternat...
EURUSD: Signs of Optimism at the Start of a New Week
Mar 02 14:39 GMT, by Forex.com
Beyond providing a hopeful note at the start of the trading week, the above quote encapsulates the optimistic perspective of euro traders at the start of the week. As we noted in Friday's Week Ahead ...
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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