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Sep 02 09:12 GMT

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Daily Report: Aussie Soft after RBA on Hold, Dollar Rally Extends
Sep 02 05:11 GMT, by ActionForex.com
Aussie weakened in Asia session today following broad based rally in the greenback. And Aussie stays weak after RBA left rates unchanged at 2.50% as widely expected. The central bank maintained the neutral stance that the most prudent course is likely to be a period of stability in interest rates. In the accompanying statement, RBA maintained th...

Technical Outlook

GBP/JPY Daily Outlook
GBP/JPY's rebound from 170.42 accelerates higher and intraday bias remains on the upside. Current rally would target 17... - Sep 02 07:38 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. With 138.02 intact, deeper decline is still mildly in favor fo... - Sep 02 07:34 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD is turned neutral first. Sustained trading below 1.4050 support will have bearish implication ... - Sep 02 07:27 GMT
EUR/GBP Daily Outlook
EUR/GBP recovers ahead of 0.7873 low and intraday bias is turned neutral first. Consolidation from 0.7873 might extend.... - Sep 02 07:25 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 >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9150 or sell at 0.9250
Although the greenback has continued to move higher and near term upside bias is seen for recent upmove to extend gain to 0.9225-... - Sep 02 07:56 GMT
Trade Idea: GBP/USD - Stand aside
Despite yesterday brief bounce to 1.6644, lack of follow through buying and the subsequent stronger-than-expected retreat dampene... - Sep 02 07:47 GMT
Trade Idea: EUR/USD - Buy at 1.3090
Although the single currency has continued to trade defensively and near term bearishness remains for recent decline to extend fu... - Sep 02 07:42 GMT
Trade Idea: USD/JPY - Buy at 104.60
As dollar's upmove has gathered momentum, suggesting recent rise is still in progress and may extend gain to 105.00, then towards... - Sep 02 07:38 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 remained under pressure after dropping again on Friday and marginal fall from here cannot be ruled out, r... - Sep 01 14:36 GMT
Trade Idea: USD/CAD - Buy at 1.0845
Despite Friday's brief fall to 1.0811, the subsequent rebound suggest consolidation would be seen and consolidation with mild ups... - Sep 01 14:26 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency rebounded after holding above previous support at 136.37 and consolidation above this level cannot b... - Sep 01 09:23 GMT
Trade Idea: AUD/USD - Hold long entered at 0.9330
Although aussie retreated after rising to 0.9374 late last week, as long as 0.9272 support holds, consolidation with mild upside ... - Sep 01 09:16 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
The greenback only eased to 103.56 (we recommended to buy at 103.20) ... - Sep 01 11:04 GMT
EUR/USD Elliott Wave Analysis
The single currency has fallen again after meeting renewed selling in... - Sep 01 10:56 GMT
EUR/JPY Elliott Wave Analysis
Despite last week's late rebound to 138.00, failure to penetrate prev... - Aug 29 11:02 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 02 09:05 GMT

Action Bias

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

Dollar Near Key Resistance Against The Euro And Yen
Sep 02 08:58 GMT, by KBC Bank
The dollar is in good shape this morning. Investors are apparently positioning for good US eco data today and later this week. The dollar is nearing key technical levels against the euro (EUR/USD 1.3...
The RBA, Japan And The USD
Sep 02 08:54 GMT, by Forex.com
The biggest event today was a policy meeting at the Reserve Bank of Australia, with the board electing to leave the official cash rate at a record low 2.5% for the 12th straight meeting. The bank rei...
RBA Pushed Lower The Overvalued Aussie Dollar
Sep 02 08:52 GMT, by Easy Forex
The euro (EUR) reached a new at 1.3113 against the US dollar (USD). The single currency remains under pressure and formed its new resistance at 1.3145, while is now trading at around 1.3120.
Daily FX Analysis
Sep 02 08:51 GMT, by Investica
There was a small downward revision to the euro-zone PMI manufacturing index at 50.7 from 50.8 which was the lowest reading for 13 months. There was also a fresh retreat in the Italian index to below...
European Markets Opens Higher Amid Increasing QE Hopes
Sep 02 08:14 GMT, by ICN.com
European shares edged higher on Tuesday morning, bouncing within a recent tight range as investors await the European Central Bank's policy decision later this week amid speculation that slower growt...
More Negative Data Ahead Of ECB Meeting
Sep 02 07:58 GMT, by Dukascopy Swiss FX Group
A slew of discouraging data on manufacturing activity in European countries came out yesterday, fuelling concerns over fragile economic health in the region. Manufacturing activity in Germany expande...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCAD Elliott Wave Analysis: Bullish Reversal
Sep 02 08:25 GMT, by Elliott Wave Financial Service
USDCAD has finally turned bullish this summer after a decisive break out of a downward channel in July. A break indicates a completed corrective decline from the high, especially if we also consider ...
Cable Expected To Resume Downtrend Towards 1.65
Sep 02 07:31 GMT, by ZIFX.com
On Monday Pound/Dollar increased with 65 pips. The Cable appreciated from 1.6585 to 1.6651 yesterday, in line with the positive money flow sentiment at nearly +11%, closing the day at 1.6604. Today t...
EUR/USD Stands Still At 1.31
Sep 02 07:29 GMT, by Dukascopy Swiss FX Group
Although EUR/USD has finally reached a major support, the bulls largely remain inactive. As a result, the pair is trading flat. And even if we do see an upward correction, the bias will still be to t...
GBP/USD Returns To May Low
Sep 02 07:28 GMT, by Dukascopy Swiss FX Group
For now the Cable stays on a bullish path and may gain another 70-80 pips before turning around. Despite the long-term technical indicators mostly giving ‘buy' signals, the current upward momentum is...
USD/JPY Aims For 2014 High
Sep 02 07:26 GMT, by Dukascopy Swiss FX Group
Despite a high risk of a pull-back to the July high at 103, USD/JPY preserved a strong bullish momentum. However, the currency pair is getting close to a significant supply area above the level of 10...
USD/CHF Charges At 0.9250
Sep 02 07:24 GMT, by Dukascopy Swiss FX Group
USD/CHF keeps on grinding higher, being that there are no tough resistances nearby. The bullish tendency is expected to persist until the rate touches the 2013 Nov 7 high at 0.9250. However, there th...
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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