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Sep 03 02:03 GMT

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Mid-Day Report: Dollar Bullish Runs Continues as ISM Manufacturing Surges to 3 Year High
Sep 02 14:18 GMT, by ActionForex.com
Dollar extends recent rally against yen and other major currencies in early US session after better than expected manufacturing data. The ISM manufacturing index jumped to 59.0 in August, comparing to expectation of a fall to 56.8. That;s the highest reading in three years since March 2011. The employment component was also strong, dipping slightl...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.3993 is still in progress and w... - Sep 02 13:36 GMT
GBP/USD Mid-Day Outlook
GBP/USD drops to as low as 1.6514 so far in early US session and the break of 1.6534 indicates resumption of recent fal... - Sep 02 13:32 GMT
USD/CHF Mid-Day Outlook
USD/CHF reaches as high as 0.9211 so far today and intraday bias remains on the upside. Current rally would now target ... - Sep 02 13:27 GMT
USD/JPY Mid-Day Outlook
USD/JPY rises further to as high as 105.01 in early US session and intraday bias remains on the upside. Current rally w... - Sep 02 13:22 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 >>

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Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9150 or sell at 0.9250
Although the greenback has maintained a firm undertone after resuming recent upmove and near term upside bias remains for further... - Sep 02 15:26 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6565
Cable's intra-day selloff in part due to active cross-selling in sterling suggests recent decline is still in progress and may ex... - Sep 02 15:22 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.3090
Although the single currency has remained under pressure and near term downside risk remains for recent decline to extend further... - Sep 02 15:17 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 104.60
As the greenback has maintained a firm undertone after intra-day rally above psychological level at 105.00, bullishness remains f... - Sep 02 15:11 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 finally rebounded after falling to 0.7892 yesterday, retaining our near term bullishness and another boun... - Sep 02 14:20 GMT
Trade Idea: USD/CAD - Buy at 1.0845
As the greenback has risen again after brief pullback to 1.0856, adding credence to our view that low has possibly been formed at... - Sep 02 14:14 GMT
Trade Idea: EUR/JPY - Buy at 137.30
The single currency found good support at 136.37 last week and has staged a strong rebound, reviving our near term bullishness an... - Sep 02 09:29 GMT
Trade Idea: AUD/USD - Hold long entered at 0.9330
Aussie has dropped again after meeting renewed selling interest at 0.9352 yesterday, suggesting caution on our bullishness and in... - Sep 02 09:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound only recovered to 1.6644 before running into renewe... - Sep 02 10:00 GMT
GBP/JPY Elliott Wave Analysis
The British pound held above last month's low at 170.45 and has stage... - Sep 02 09:54 GMT
USD/JPY Elliott Wave Analysis
The greenback only eased to 103.56 (we recommended to buy at 103.20) ... - Sep 01 11:04 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 03 01:55 GMT

Action Bias

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

Fundamental Analysis Reports

AUD's Big Day
Sep 03 01:48 GMT, by Forex.com
It's another big day for the Australian dollar as it awaits the release of economic growth figures and a speech by RBA Governor Stevens. Yesterday's monetary policy meeting at the RBA proved to be la...
Could Palladium Start To Follow The Other Commodities Lower?
Sep 03 00:53 GMT, by Forex.com
Yesterday we looked at gold and pointed to the fact that it hasn't found much safe haven demand despite all the on-going geopolitical risks. What's more, the strengthening of the US dollar and the re...
US Dollar Hits Yen And Sterling, Aussie Doing Okay And Euro Consolidating
Sep 03 00:47 GMT, by Vantage FX
Last night was the night when markets might have had a light bulb moment and realised that the US economy really is doing well and that there may be a black swan or two hiding in plain sight. The dat...
US Manufacturing Activity Unexpectedly Improved in August; Construction Spending Rose in July
Sep 02 15:04 GMT, by RBC Financial Group
Activity in the US manufacturing sector expanded in August 2014 at a quicker pace than the previous month as evidenced by the ISM manufacturing index rising to 59.0 from 57.1 in July. Acceleration in...
GBPUSD and the Scottish Referendum
Sep 02 13:12 GMT, by Forex.com
Currency traders woke up to a rather unsettling headline this morning - Yougov poll finds rapid shift in favour of Scottish Independence . For most of the campaign the FX market has shrugged off the...
EUR Labors ahead of ECB and NFP - Is there More Room to Fall?
Sep 02 11:52 GMT, by MarketPulse
This is expected to be a tough week for investors. Central Bank rate decisions, mixed in with North American jobs reports will be expected to dominate capital markets risk landscape. Thus far, it's n...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCAD: Seeking To Buy Any Dips
Sep 03 01:53 GMT, by ThinkForex
Following the first rejection of 1.081 with a bullish hammer and subsequent break to a 5-day high USDCAD remains a firm 'buy the dip' currency pair with 1.087 likely to attract further buying pressur...
AUD/USD - Falls Sharply Through Key 0.93 Level
Sep 03 01:07 GMT, by MarketPulse
The Australian dollar has experienced a reasonably sharp fall in the last 24 hours breaking back down through the support level at 0.93 to a one week low around 0.9270. It enjoyed a solid week last w...
Australia 200 - Surges To New Multi Year High Above 5650
Sep 03 01:05 GMT, by MarketPulse
After spending the last week consolidating and trading in a very narrow range right around 5620, the Australian 200 Index has surged higher again to achieve a new multi-year high around 5660. This ha...
AUDUSD - Bearish, Roles Over
Sep 03 00:55 GMT, by FXTechstrategy
AUDUSD - With the pair selling off strongly during Tuesday trading session today, it now faces the risk of further decline. Support lies at the 0.9250 level. A cut through here will turn attention to...
WTI: Evening Star Shows Sun Is Setting On Last Week's Bounce
Sep 03 00:48 GMT, by Forex.com
One of the most actionable setups at this point could be in WTI, which is in freefall today after bouncing back to 96.00 last week. As we noted two weeks ago, a multi-month Head-and-Shoulders pattern...
USDCAD: Chart Looking Bullish Ahead of Data-Packed Week
Sep 02 13:08 GMT, by Forex.com
We've been keeping a close eye on USDCAD as a barometer of broader USD strength over the last few weeks. Last week, the Loonie took the upper hand against the greenback, with the USDCAD breaking belo...
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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