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Aug 04 05:23 GMT

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Daily Report: Aussie Recovers as RBA Stands Pat and Stays Neutral
Aug 04 04:50 GMT, by ActionForex.com
Australian dollar recovers as RBA left the cash rate unchanged at 2.00% as expected and maintained a neutral stance. The central bank noted that further information on economic and financial conditions to be received over the period ahead will inform the Board's ongoing assessment of the outlook and hence whether the current stance of policy will...

Technical Outlook

AUD/USD Daily Outlook
AUD/USD recovers today but is staying below 0.7448 resistance and outlook is unchanged. As long as 0.7448 resistance ho... - Aug 04 04:49 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. As noted before, the corrective structure of current decline a... - Aug 04 04:37 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Another rise is mildly in favor 1.5465 minor support holds. Ab... - Aug 04 04:35 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for consolidation below 61.8% retracement of 1.0127 to 0.9072 at 0.9724. Anoth... - Aug 04 04:33 GMT

Special Reports

FOMC Adjusted Economic Assessment, September Rate Hike Remains Open
Jul 30 06:08 GMT
In its July statement, the FOMC made some changes on its assessment of the curr...
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
Jul 29 06:56 GMT
Chinese State Council released a statement titled 'Key steps to promote foreign...
Watch For Forward Guidance In July FOMC Statement
Jul 27 17:26 GMT
The upcoming FOMC meeting in July would be in focus, as the market watches clos...
All Special Reports >>

Markets Snapshot

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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 staging a strong rebound from 0.9549 (Friday's low) and gain to 0.97... - Aug 03 15:58 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day fall to 1.5565, as cable has rebounded after holding above Friday's low of 1.5549, suggesting further consolida... - Aug 03 15:52 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1050
Euro's sharp retreat after meeting renewed selling interest at 1.1114 on Friday suggests the rebound from 1.0893 has ended there ... - Aug 03 15:44 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although dollar has retreated after meeting resistance at 124.27, below 123.80 is needed to suggest the rebound from 123.52 has e... - Aug 03 15:33 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Despite staging a strong rebound to 1.1130 earlier last week, the single c... - Aug 03 08:15 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback staged a stronger-than-expected rebound from 123.01 (last we... - Aug 03 08:13 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie dropped quite sharply last week, break of recent low 89.20... - Jul 30 07:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency ran into resistance at 0.7098 on Friday and has retreated quickly, retaining our view that further choppy tra... - Aug 03 15:20 GMT
Trade Idea: USD/CAD - Target met and stand aside
Despite Friday's brief retreat to 1.2941, the greenback found renewed buying interest there and has surged again in line with our... - Aug 03 15:12 GMT
Trade Idea: EUR/JPY - Stand aside
Despite Friday's brief rise to 137.35, the subsequent retreat suggests further consolidation below this level would be seen, howe... - Aug 03 09:31 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie resumed recent decline to 0.7235 late last week, the subsequent rebound suggests consolidation would be seen, how... - Aug 03 09:26 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency retreated initially last week to 1.0893,... - Aug 03 09:51 GMT
USD/JPY Elliott Wave Analysis
The greenback only retreated to 123.01 last week before finding renew... - Aug 03 09:44 GMT
EUR/GBP Elliott Wave Analysis
As the single currency has retreated again after meeting resistance a... - Jul 30 10:05 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 04 05:15 GMT

Action Bias

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

Fundamental Analysis Reports

Asian Market Update: AUD Rallies On Improved Australia Retail Sales And Less Dovish RBA
Aug 04 05:20 GMT, by Trade The News
Australian dollar is sharply higher in the session, first helped by better than expected economic data and then a more hawkish set of comments from the RBA in today's statement. Retail sales hit a 4-...
European Open Briefing
Aug 04 05:10 GMT, by IC Markets
The Aussie Dollar was the best performing currency overnight, following better than expected Retail Sales data and the RBA rate decision. While it was expected that the RBA will leave rates unchanged...
EM Rundown: The CBR's 'Signals By Omission'
Aug 04 02:36 GMT, by Forex.com
There's a decidedly risk-off tone to the markets on the first Monday of August, with the US dollar and bonds edging higher at the expense of US equities and oil in particular. This same pattern is ev...
RBA Preview With An Added Data Dump
Aug 04 02:30 GMT, by Vantage FX
RBA Tuesday! Although there isn't much chance that Stevens will pull the trigger on another cut to fresh record lows, the accompanying statement and the wording that the bank provides will be key to ...
ISM: Moderate Growth, Despite Headwinds, Remains in Place
Aug 03 15:15 GMT, by Wells Fargo Securities
For July, the ISM index came in at 52.7 as inventory adjustments were a drag on the index while production and orders continue to suggest moderate growth (top graph). For the first half of 2015, indu...
Greek Stock Markets Open To Heavy Selling
Aug 03 10:27 GMT, by Swissquote Bank SA
Traders are currently watching the fall in Greek stock cautiously. Given how Greek stocks have traded as ADR in the US exchanges, much of this price drop has already been priced in. However, the size...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Aug 04 05:14 GMT, by Varengold Bank
The clamor to borrow in euros this year puts the shared currency on a path familiar to foreign exchange traders. Global companies have taken advantage of record-low borrowing costs to raise an unprec...
USDCAD On Cusp Of Printing Fresh 11-Year Highs
Aug 04 04:45 GMT, by ThinkForex
Whilst oil prices have continued to decline, large speculators have increased their net short exposure of Canadian Dollars to record levels whilst the Greenback retains its bullish status. These forc...
Daily Technical Outlook And Review
Aug 04 04:42 GMT, by IC Markets
Following the open 1.0971, the EUR currency pair had a relatively quiet round of trading yesterday. Price attempted to tackle the round number 1.1000, but, as you can see, fell short by a mere six pi...
78.6% Fibonacci Levels Offer Potential For Deep Bounces
Aug 04 04:33 GMT, by Admiral Markets
The USD/JPY is in an ascending wedge with nearby resistance (red) and support (green) trend lines. A bearish breakout confirms the continuation of wave Y (blue) whereas a bullish break would indicate...
Daily Technical Analysis
Aug 04 04:17 GMT, by FX Instructor
The EURUSD didn't make significant movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.0890 area. Immediate resistance is seen around 1.1000. A ...
Market Morning Briefing
Aug 04 03:38 GMT, by Kshitij Consultancy Services
Euro-Yen (135.83) is trading lower on a dip in the Euro. As mentioned earlier, 137-135 is a crucial zone with both the levels being important resistance and support. Narrow movement is expected befor...
All Daily Technical Reports >>

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Central Bank Analysis
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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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