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Apr 02 07:45 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

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. Consolidation from 1.0461 might extend but in case of another ... - Apr 02 04:27 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral at this point. More consolidation could be seen above 1.4634 with risk of anot... - Apr 02 04:25 GMT
USD/CHF Daily Outlook
USD/CHF lost some momentum after failing to sustain above 4 hours 55 EMA and intraday bias is turned neutral first. Bel... - Apr 02 04:23 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY stays neutral for the moment. The consolidation pattern from 121.81 might still extend with ri... - Apr 02 04:20 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 >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea: EUR/USD - Hold short entered at 1.0840
Although the single currency has rebounded again today and marginal gain from here cannot be ruled out, as this move from 1.0713 ... - Apr 02 07:39 GMT
Trade Idea: USD/JPY - Stand aside
Despite yesterday's rise to 120.33, the subsequent retreat after faltering below indicated resistance at 120.36 has retained our ... - Apr 02 07:28 GMT
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
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 08:40 GMT

Action Bias

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

Euro Zone's Manufacturing Activity Rises In March More Than Initially Expected
Apr 02 07:39 GMT, by Dukascopy Swiss FX Group
The Euro zone's manufacturing activity rose more than initially estimated and at the fastest pace in 10 months, while new orders from overseas buyers rose on the back of a weaker Euro. The final manu...
ADP Non-Farm Employment Disappoints, ISM Manufacturing PMI Continues To Decline
Apr 02 07:38 GMT, by Dukascopy Swiss FX Group
The ADP report on the US labour market surprised to the downside, as fewer jobs were added in March than predicted. ADP non-farm employment change increased by 189,000 in March, considerably below ex...
British Manufacturing Sector Continues To Expand, Hitting 8-Month High
Apr 02 07:34 GMT, by Dukascopy Swiss FX Group
British manufacturing activity rose at the fastest rate in eight months in March, signalling the UK economy has been keeping its momentum. Markit research group said the UK manufacturing PMI climbed ...
Australia's Building Approvals Decline, Trade Deficit Blow Out
Apr 02 07:33 GMT, by Dukascopy Swiss FX Group
The number of new homes approved for construction in Australia fell in February, but still remained near record levels. According to the Australian Bureau of Statistics, 18,768 dwellings were approve...
China's Manufacturing Activity Improves In March, Official Data Shows
Apr 02 07:31 GMT, by Dukascopy Swiss FX Group
China's manufacturing activity rebounded in March for the first time since December, indicating that Beijing's measures to underpin the world's second biggest economy are having an effect. The offici...
AUD/USD: Aussie Trading Lower This Morning
Apr 02 06:46 GMT, by GCI Financial
The pair is expected to find support at 0.7548, and a fall through could take it to the next support level of 0.7520. The pair is expected to find its first resistance at 0.7625, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Stays Steady Around 2003 Low
Apr 02 07:27 GMT, by Dukascopy Swiss FX Group
EUR/USD remained stable in course of the trading session on Wednesday. As expected, the pair continued to be capped by a strong support zone at 1.0760 (2003 low and weekly S1) and is currently hoveri...
GBP/USD Reluctant To Move
Apr 02 07:25 GMT, by Dukascopy Swiss FX Group
There was barely any change in the Pound-Dollar exchange rate yesterday, though the whole trading range amounted to more than 130 pips. The pair keeps crawling upward, but the gains should be capped ...
USD/JPY Retreats From Monthly Pivot
Apr 02 07:23 GMT, by Dukascopy Swiss FX Group
USD/JPY continues to negate its Monday's gains, and is likely to put pressure on support at 119 once again. Most of the daily technical indicators are pointing south, and resistance at 120 proved to ...
XAU/USD Climbs Above Weekly PP Amid US Data
Apr 02 07:21 GMT, by Dukascopy Swiss FX Group
The sharpest increase in Gold's price since January 30 took place on Wednesday. The bullion gained more than $20 per ounce amid worse than expected fundamentals from the US. By beginning trading at m...
Daily FX Report
Apr 02 06:37 GMT, by Varengold Bank
The dollar nursed modest losses on Thursday, having suffered a setback on fresh signs that the U.S. economy slowed significantly in the first quarter which could delay the Federal Reserve's decision ...
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...
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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