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Aug 03 08:36 GMT

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Daily Report: Asian Markets Weighed Down by China Data
Aug 03 03:48 GMT, by ActionForex.com
Asian markets open the week generally lower as worry over China's economy continues. The MSCI Asia-Pacific ex-Japan index dropped as much as -1% and is heading back to this year's low made back in July. Nikkei is also trading down -100 pts, or nearly -0.5% at the time of writing. The Caixin/Market PMI PMI manufacturing index was finalized at 47.8 ...

Technical Outlook

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 03 04:04 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 03 04:01 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 03 03:58 GMT
USD/JPY Daily Outlook
With 123.00 support intact, further rise is still in favor in USD/JPY. Sustained trading above 124.43/47 resistance zon... - Aug 03 03:55 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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
Despite Friday's stronger-than-expected retreat to 0.9549, as the greenback has staged a strong rebound after holding above key s... - Aug 03 08:05 GMT
Trade Idea : GBP/USD - Stand aside
Despite Friday's strong rebound from 1.5549 to 1.5679, the subsequent retreat suggests further consolidation would be seen and as... - Aug 03 07:36 GMT
Trade Idea: EUR/USD - Sell at 1.1080
Although the single currency staged a strong rebound after finding good support at 1.0893, as euro ran into heavy selling pressur... - Aug 03 07:28 GMT
Trade Idea: USD/JPY - Sell at 124.35
Although dollar has rebounded after falling to 123.52 on Friday and consolidation with initial upside bias is seen for recovery t... - Aug 03 07:18 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 continued to trade lower after retreating from 0.7161 (this week's high), dampening our near term bullishness... - Jul 30 15:03 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2900
The greenback found renewed buying interest at 1.2862 yesterday and has staged a rebound, retaining our bullishness and above 1.3... - Jul 30 14:52 GMT
Trade Idea: EUR/JPY - Hold long entered at 136.25
Although the single currency has retreated after rising to 137.11 earlier this week, as long as 135.75-80 holds, mild upside bias... - Jul 30 08:26 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7285
Although aussie has retreated again after faltering below resistance at 0.7351, as long as this week's low at 0.7257 holds, conso... - Jul 30 08:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has retreated again after meeting resistance a... - Jul 30 10:05 GMT
USD/CAD Elliott Wave Analysis
The greenback found renewed buying interest at 1.2656 and has surged ... - Jul 30 09:44 GMT
GBP/USD Elliott Wave Analysis
Cable's rebound after finding support at 1.5330 suggests near term up... - Jul 28 10:09 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 03 08:30 GMT

Action Bias

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

China Data Disappoints, Greek Stock Market To Reopen
Aug 03 08:08 GMT, by Swissquote Bank SA
Asia stocks declined across the board as Chinese economic data showed more weakness. China Caixin manufacturing PMI final (different from the official read which fell to a five-month low at 50.0) con...
Euro Zone Core Inflation Rises 1.0%, While Unemployment Rate Remains At 11.1%
Aug 03 07:47 GMT, by Dukascopy Swiss FX Group
Consumer inflation in the Euro zone barely climbed from the previous year in July, while the number of unemployed rose in June, adding to signs that the ECB's QE programme has yet to deliver the desi...
US Labour Costs Rise At The Slowest Pace In 33, Consumer Confidence Deteriorates
Aug 03 07:45 GMT, by Dukascopy Swiss FX Group
US labour costs rose at the slowest pace in 33 years in the second quarter on lacklustre gains in the private sector, putting a September interest rate increase into question. US workers' compensatio...
Canada's Economy Unexpectedly Shrinks 0.2% In May, Fueling Recession Concerns
Aug 03 07:44 GMT, by Dukascopy Swiss FX Group
The Canadian economy shocked markets, as the data showed a fifth negative GDP reading in a row. Statistics Canada reported that the economic output shrank 0.2% in May, after contracting 0.1% in the p...
China's Manufacturing Sector Activity Falls To Two-Year Low In July
Aug 03 07:42 GMT, by Dukascopy Swiss FX Group
Business activity in China's manufacturing sector plunged to the lowest level in two years in July, adding to further signs of the economic slowdown in the Asian giant in the third quarter. The final...
Key Highlights Of The Week Ended July 31
Aug 03 07:39 GMT, by Dukascopy Swiss FX Group
US economic growth accelerated in the April-June quarter as an increase in consumer spending offset the drag from weak business spending on equipment. The US GDP rose a 2.3% annual rate, while the fi...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Aug 03 08:14 GMT, by Windsor Brokers Ltd
The Euro ended week below 1.10, after Friday's rally nearly fully reversed 1.1128/1.0981 downleg, on rally to 1.1121, Friday's peak. Daily bullish candle, with very long upper shadow, shows strong se...
AUDUSD Could Fall Around 0.7000
Aug 03 08:12 GMT, by Elliott Wave Financial Service
AUDUSD is at new lows which has been expected recently as rally from April to May highs has a clear corrective personality as mentioned at the time. We labeled it as wave (4), so current leg down fro...
EUR/USD Fails To Sustain Growth Above 1.10
Aug 03 08:02 GMT, by Dukascopy Swiss FX Group
EUR/USD ended the previous trading week slightly below the 1.10 mark, as it managed to recover only losses of Thursday's session. The mentioned round level seems to act as a strong barrier for bulls ...
GBP/USD Trades Flat Prior To Fundamental Releases
Aug 03 08:01 GMT, by Dukascopy Swiss FX Group
The Cable experienced substantial volatility last Friday, which was limited by the support trend-line and the upper Bollinger band. The Sterling still managed to outperform the Greenback, as trade cl...
USD/JPY Struggles To Remain Above 124.00
Aug 03 08:00 GMT, by Dukascopy Swiss FX Group
Although the USD/JPY reached the expected daily low on Friday, the pair still stabilised at 123.85. However, some of Friday's losses were erased over the weekend, which resulted in the Buck resuming ...
XAU/USD Flat Around 1,095
Aug 03 07:59 GMT, by Dukascopy Swiss FX Group
Gold finished the second consecutive trading week without any noticeable price changes. The metal continues hovering just beneath the 1,100 round level, even though there is still room for further lo...
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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