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Sep 03 10:49 GMT

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European Session: Orders and Options Watch
Sep 03 09:01 GMT, by ActionForex.com
EUR: The single currency found support just above 1.1200 and has recovered, however, offers are still noted at 1.1250, 1.1270 and 1.1290-00, more sell orders are reported at 1.1320-25, 1.1340 and 1.1360, mixture of offers and stops is located at 1.1400. On the downside, bids remain at 1.1200, 1.1180 and 1.1160 with stops placed below 1.1150, buyin...

Technical Outlook

GBP/JPY Daily Outlook
Focus in GBP/JPY is back to 61.8% retracement of 174.86 to 195.86 at 182.88. Sustained trading there is an early sign o... - Sep 03 09:24 GMT
EUR/JPY Daily Outlook
Deeper fall is expected in EUR/JPY with 136.61 resistance intact. As noted before, the rebound from 133.29 is likely a ... - Sep 03 09:22 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for consolidation below 0.7421 short term top. Downside of retreat should be c... - Sep 03 09:14 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral as consolidation from 1.6587 continues. We'd expect downside of retreat to be ... - Sep 03 09:14 GMT

Special Reports

In USD We Trust
Sep 03 08:03 GMT
Recent financial market turmoil and increased concerns over the growth outlook ...
RBA Left Rate Unchanged, Stayed Neutral Despite Chinese Slowdown And Equity Volatility
Sep 01 08:01 GMT
As expected, the RBA left the cash rate unchanged at 2%. Despite recent stock m...
Limited Impacts Expected from PBOC's Belated Easing
Aug 26 12:52 GMT
PBOC cut its policy rates by -25 bps, taking the benchmark one-year lending rat...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Stand aside
The greenback has continued to edge higher and near term upside risk remains for the rise from 0.9259 to extend gain to 0.9720-25... - Sep 03 09:53 GMT
Trade Idea Update: GBP/USD - Stand aside
Although the British pound has fallen again after brief recovery and near term downside bias remains for recent decline from 1.59... - Sep 03 09:52 GMT
Trade Idea Update: EUR/USD - Stand aside
Euro's retreat after meeting renew selling interest at 1.1332 suggests the correction from 1.1156 (last week's low) has possibly ... - Sep 03 09:48 GMT
Trade Idea Update: USD/JPY - Stand aside
Although the greenback has rebounded again after finding support at 119.70 and consolidation with initial upside bias is seen for... - Sep 03 09:47 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has maintained a firm undertone after recent antici... - Sep 03 08:22 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 1.1733 last week and ... - Sep 03 08:13 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Kiwi met renewed selling interest at 0.6709 last month and dropped quite s... - Sep 02 07:55 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 136.35
The single currency has trade narrowly after falling to 134.68 earlier this and near term sideways consolidation is likely to con... - Sep 03 08:57 GMT
Trade Idea: AUD/USD - Sell at 0.7075
As the Australian dollar has remained under pressure after breaking below previous support at 0.7043, adding credence to our view... - Sep 03 08:53 GMT
Trade Idea: EUR/GBP - Buy at 0.7300
The single currency has staged a strong rebound after finding good support at 0.7246 late last week, suggesting the correction fr... - Sep 02 14:05 GMT
Trade Idea: USD/CAD - Stand aside
Although the greenback has rebounded after holding above yesterday's low at 1.3117 and consolidation with initial upside bias is ... - Sep 02 14:03 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has continued to trade with a firm undertone, ... - Sep 03 09:43 GMT
USD/CAD Elliott Wave Analysis
The greenback has maintained a firm undertone after last month's resu... - Sep 03 09:37 GMT
EUR/CAD Elliott Wave Analysis
Recent upmove from 1.3025 (wave (B) trough) accelerated and surged to... - Sep 02 09:16 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 03 10:40 GMT

Action Bias

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

Fundamental Analysis Reports

Greek Elections: Uncertainty Increases, ECB On Hold
Sep 03 10:05 GMT, by Swissquote Bank SA
On September 20, Greek legislative elections will be held in Greece. Prime Minister Alexis Tsipras has announced his resignation on August 10. Initially, elections were not due until February 2019. S...
European Market Update: Focus Turns To Draghi Press Conference Where He Is Expected To Strike A Dovish Tone
Sep 03 09:40 GMT, by Trade The News
Major FX markets saw little catalyst to place on fresh bets ahead of the ECB rate decision later today. Chinese markets were closed for holiday removing a main source of bearish contagion from the gl...
GBP Under Pressure From Risk-Off Environment
Sep 03 08:48 GMT, by ForexTime
The GBP continues to receive punishment from the risk-off trading environment and continual financial volatility. The Construction PMI for the UK was released below expectations on Wednesday, which c...
Dollar Gains Momentum Ahead Of Friday's NFPs
Sep 03 08:14 GMT, by Swissquote Bank SA
The last batch of data from the US came in mostly on the soft side yesterday. Ahead of Friday's Non-farm payrolls, ADP indicated that the private sector added 190k in August, slightly below consensus...
Dollar Stays Well Bid Ahead Of The ECB And The Payrolls
Sep 03 07:36 GMT, by KBC Bank
Yesterday, the dollar regained some ground as sentiment on risk improved in Europe and in the US. The Fed Beige Book was slightly USD supportive, too. Today, the ECB is expected to maintain a soft to...
PPI Continues To Decline, Spain's Unemployment Rises
Sep 03 07:20 GMT, by Dukascopy Swiss FX Group
Factory gate prices in the Euro land continued to decline in July, suggesting weak inflation pressures in the currency bloc. Measured on a monthly basis, factory gate inflation slid 0.1% in the repor...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Sep 03 09:13 GMT, by DeltaStock Inc.
EUR/USD The recent slide from 1.1330 seems corrective in nature, thus preceding another leg upwards, to 1.1410 resistance area. Crucial on the downside is 1.1155 low.
USDCAD Showing Two Strong Confluence Points
Sep 03 08:55 GMT, by Admiral Markets
As we could witness it, Canada is currently undergoing a recession as the economy is suffering due to low oil prices. Oil prices have been falling sharply also through the summer and fall of 2014. As...
EUR/USD Corrects Lower To 20-Day SMA
Sep 03 08:42 GMT, by Dukascopy Swiss FX Group
EUR/USD was pushed to the downside during the trading session on Wednesday as the pair erased all gains from the previous day. As expected, the Euro managed to reach Tuesday low at 1.1225 by mid-nigh...
GBP/USD Risks Falling Under 1.53
Sep 03 08:41 GMT, by Dukascopy Swiss FX Group
The Cable maintained trade in the tight range between the Bollinger band and 200-day SMA, remaining relatively unchanged over the day. However, the Bollinger band shifted more to the downside today, ...
USD/JPY Appears To Be Glued To 120.00
Sep 03 08:39 GMT, by Dukascopy Swiss FX Group
The USD/JPY currency pair managed to rebound on Wednesday, as market sentiment slightly improved, although the resistance cluster around 121.00 was not reached. The Greenback keeps gravitating toward...
XAU/USD Tumbled For The First Time In Five Days
Sep 03 08:36 GMT, by Dukascopy Swiss FX Group
The precious metal failed to sustain the rally on Wednesday, as the price declined for the first time in five working days. Despite that, gold is still trading above a strong demand zone at 1,131-26 ...
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...
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