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Oct 02 06:23 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

EUR/USD Daily Outlook
A temporary bottom is in place at 1.2570 and intraday bias is turned neutral first. Considering bullish convergence con... - Oct 02 05:27 GMT
GBP/USD Daily Outlook
At this point, deeper fall is still expected in GBP/USD with 1.6341 minor resistance intact. Break of 1.6051 will resum... - Oct 02 05:23 GMT
USD/CHF Daily Outlook
A temporary top is formed at 0.9596 and intraday bias is turned neutral first. Considering bearish divergence condition... - Oct 02 05:20 GMT
USD/JPY Daily Outlook
A short term top should be in place at 110.08 after hitting 100% projection of 96.56 to 105.43 from 101.08 at 109.95. I... - Oct 02 05:13 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 Wrap-up: USD/CHF - Buy at 0.9500
Dollar's near term sideways trading after yesterday's rally to 0.9597 is likely to continue and although pullback to 0.9520-25 ca... - Oct 01 16:09 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6285
As cable has recovered after intra-day marginal fall to 1.6162, suggesting minor consolidation above this level would be seen and... - Oct 01 16:02 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2700
Euro's near term sideways trading is expected to continue and although corrective bounce to previous support at 1.2664 cannot be ... - Oct 01 15:49 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 109.15
As the greenback has retreated after intra-day initial rise to 110.09, suggesting consolidation below this level would be seen an... - Oct 01 15:39 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 06:15 GMT

Action Bias

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

EUR/USD: Euro Trading Higher, Ahead Of The ECB Interest Rate Decision
Oct 02 05:22 GMT, by GCI Financial
The pair is expected to find support at 1.2603, and a fall through could take it to the next support level of 1.2562. The pair is expected to find its first resistance at 1.2667, and a rise through c...
GBP/USD: Pound Reverses Its Losses Ahead Of The UK Construction PMI Data
Oct 02 05:20 GMT, by GCI Financial
The pair is expected to find support at 1.6169, and a fall through could take it to the next support level of 1.612. The pair is expected to find its first resistance at 1.6259, and a rise through co...
AUD/USD: Aussie Trading Higher Amid Robust Macroeconomic Data
Oct 02 05:18 GMT, by GCI Financial
The pair is expected to find support at 0.8702, and a fall through could take it to the next support level of 0.861. The pair is expected to find its first resistance at 0.8845, and a rise through co...
USD/JPY: Japanese Yen Extends Its Gains In The Asian Session
Oct 02 05:17 GMT, by GCI Financial
The pair is expected to find support at 108.22, and a fall through could take it to the next support level of 107.72. The pair is expected to find its first resistance at 109.65, and a rise through c...
USD/CHF: Swiss Franc Trading On A Stronger Footing This Morning
Oct 02 05:15 GMT, by GCI Financial
The pair is expected to find support at 0.9528, and a fall through could take it to the next support level of 0.9509. The pair is expected to find its first resistance at 0.9582, and a rise through c...
USD/CAD: Loonie Trading Higher In The Asian Session
Oct 02 05:14 GMT, by GCI Financial
The pair is expected to find support at 1.1042, and a fall through could take it to the next support level of 1.0992. The pair is expected to find its first resistance at 1.1182, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

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...
Daily Technical Analysis
Oct 02 04:32 GMT, by FX Instructor
The EURUSD was indecisive yesterday but traded higher earlier today hit 1.2673. The bias is bullish in nearest term testing 1.2715 but overall I remain bearish and any upside pullback now should be s...
Foreign Exchange Market Commentary
Oct 02 03:51 GMT, by HY Markets
THE EURO closed lower on Wednesday as it extends the decline off May's high. The midrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics ...
Australia 200 – Enjoys Some Support Around 5250
Oct 02 02:55 GMT, by MarketPulse
For all of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 54...
AUD/USD – Taking A Rest Around 0.8750
Oct 02 02:54 GMT, by MarketPulse
The last few weeks has seen a strong decline for the Australian dollar moving from close to 0.94 down to below 0.87 and an eight month low in the process. In the last few days it has taken a breather...
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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