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Sep 09 11:39 GMT
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Daily Report: Aussie Jumps on Solid Job Data, Sterling Soft ahead of BoE
Sep 09 07:20 GMT, by ActionForex.com
Australian dollar jumps on strong employment data today and rises to a four month high against the greenback. Data showed the job market in Australia expected by 30.9k in August, above expectation of 25k and higher than prior month's 25k. Unemployment rate also dropped more than expected from 5.3% to 5.1% in August. The employment data solidifies ...

Technical Outlook

GBP/JPY Daily Outlook
GBP/JPY's recovery was limited by 4 hours 55 EMA and retreats. Intraday bias remains neutral at this point and some mor... - Sep 09 08:20 GMT
EUR/JPY Daily Outlook
EUR/JPY forms a temporary low at 105.79 and recovers. Intraday bias is turned neutral and some sideway trading might be... - Sep 09 08:19 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains on the downside with 0.8271 minor resistance intact. Current fall from 0.8389 is expec... - Sep 09 08:12 GMT
EUR/CHF Daily Outlook
EUR/CHF forms a temporary low at 1.2765 and recovers. Intraday bias is turned neutral and some consolidations could be ... - Sep 09 08:11 GMT

Special Reports

Fed's Beige Book Unveiled Deceleration In US Growth
Sep 09 04:11 GMT
The Fed's Beige Book shows that US' economic growth moderated further during th...
BoC Raises Policy Rate to 1%, Delivers a Less Dovish Statement
Sep 08 16:23 GMT
The BOC raised its policy rate by +25 bps, taking the overnight target rate to ...
RBA Said Rates Are Appropriate 'For The Time Being', Signal Of A Hike Soon?
Sep 07 06:36 GMT
As expected, the RBA left the cash rate unchanged at 4.5% as global economic ou...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF – Sell at 1.0200
The greenback has rebounded as suggested in our previous update, suggesting further consolidation above recent low at 1.0060 woul... - Sep 09 10:11 GMT
Trade Idea Update: GBP/USD – Stand aside
The British pound has retreated sharply after this week’s rally from 1.5296 to 1.5534, suggesting further choppy trading within t... - Sep 09 10:04 GMT
Trade Idea Update: EUR/USD – Sell at 1.2790
Despite intra-day brief fall to 1.2665, as the single currency has rebounded after holding above yesterday’s low at 1.2659, sugge... - Sep 09 09:58 GMT
Trade Idea Update: USD/JPY – Stand aside
Despite intra-day brief drop to 83.49, lack of follow through selling suggests further consolidation would be seen and above the ... - Sep 09 09:48 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
Although the single currency rebound to 0.8390 earlier this week to 0.8390... - Sep 09 08:29 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
Although the single currency recovered to 1.3164 last Friday, renewed sell... - Sep 09 08:13 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Aussie’s rebound turned out to be stronger than expected and risk appetite... - Sep 08 08:25 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY – Sell at 107.30
Despite intra-day retreat to 105.96, as the single currency has recovered after holding above previous support at 105.80, suggest... - Sep 09 08:53 GMT
Trade Idea: AUD/USD – Stand aside
As the Australian dollar has continued to move higher, we have changed our preferred count that only 2nd a leg of wave B ended at... - Sep 09 08:49 GMT
Trade Idea: EUR/GBP – Sell at 0.8300
Despite this week’s initial rise to 0.8390, the subsequent selloff from there signals the rebound from 0.8143 has ended there and... - Sep 08 13:54 GMT
Trade Idea: USD/CAD – Stand aside
Despite intra-day marginal rise to 1.0509, as the greenback has slipped after Bank of Canada raised interest rates by 25 basis po... - Sep 08 13:50 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CHF Elliott Wave Analysis
Although the single currency recovered after early fall to 1.2850, as... - Sep 09 10:51 GMT
USD/CAD Elliott Wave Analysis
The indicated key resistance at 1.0678-80 proved to be a tough nut to... - Sep 09 10:41 GMT
EUR/CAD Elliott Wave Analysis
Although the single currency rebounded to 1.3585 last week, as price ... - Sep 08 10:51 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 09 11:30 GMT

Action Bias

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

Fundamental Analysis Reports

No Change On BoE's Monetary Policy, Rate Unchanged At 0.50 Percent
Sep 09 11:08 GMT, by ecPulse.com
BoE policy makers opted to leave both interest rate and the Asset Purchase Facility unchanged at 0.50% and 200 billion pounds respectively, in line with forecasts. They completed a year-and-half of r...
European Market Update
Sep 09 10:37 GMT, by Trade The News
A wider UK trade deficit propelled the pound sterling to test below 1.54 against the USD and approach 0.8270 against the Euro. The data suggested that the UK continued to struggle to regain competiti...
The BoE Unlikely To Surprise At Today's Meeting
Sep 09 09:43 GMT, by AC-Markets
USD continued to hold on to its recent gains against most currencies although losing some ground against fellow safe haven trades. Strong Australian employment data failed to provide a significant bo...
Ireland And Greece Return To Concern
Sep 09 09:42 GMT, by AC-Markets
Risk sentiment continues to be the core driver of forex pricing and right now it is squarely negative. The market is once again squarely focused on events in Ireland and Greece. The decisions to spli...
Near-Term Sterling Buy Opportunity
Sep 09 09:38 GMT, by Investica
Sterling will be sold heavily if there is an easing of policy by the Bank of England at Thursday's MPC meeting. An unchanged policy is much more likely and this should trigger a limited and temporary...
Stress And Nerves Keeps Bulls And Bears Away
Sep 09 09:16 GMT, by Saxo Bank
Interesting developments overnight in general, not so much on particular crosses or markets but more so in the thoughts and conclusions I arrived at while sipping a lovely glass of Italian red… What ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Elliot Wave Forecast - Eur/Usd
Sep 09 10:06 GMT, by Elliott Wave Financial Service
Euro was starting to stabilize after the 1.2657 lows that were reached yesterday. However, an upward bounce is still only a corrective, so even lower levels should be seen; its just a matter of time ...
Technical Analysis Daily: USD/JPY
Sep 09 10:03 GMT, by iFOREX.bg
On Wednesday Dollar/Yen increased, recovering partly for the losses earlier in the week, in converse with the very negative Interbank sentiment at nearly -78%. The currency couple appreciated from 83...
AUD/USD Tops August Highs On Employment Data
Sep 09 09:54 GMT, by FastBrokers
The Aussie is surging past previous August highs after Australia’s employment change figure topped 30k and the unemployment rate dipped to 5.1%. Australia’s economy continues to outperform despite sl...
USD/JPY Dribbles Lower
Sep 09 09:54 GMT, by FastBrokers
The USD/JPY is continuing its gradual decline after previous September lows gave way. Noda ratcheted up the rhetoric yesterday and implied that the possibility of intervention has increased as the Ye...
GBP/USD Outperforms In Wake Of HPI Data
Sep 09 09:53 GMT, by FastBrokers
The Cable is outperforming the EUR/USD after UK topped analyst expectations by registering growth of 0.2%. Additionally, manufacturing production came in line with analyst expectations. These two sol...
EUR/USD Stumbles To September Lows
Sep 09 09:52 GMT, by FastBrokers
The EUR/USD is stumbling lower today as the currency pair tests previous September lows after an ECB economist stated that German banks will need more funding. That’s the second call we’ve seen this ...
All Daily Technical Reports >>

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Central Bank Analysis
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Long Term Forecasts

Global Scenarios: On a Knife's Edge
Sep 09 10:37 GMT, by Danske Bank
A flow of disappointing news - particularly in the US - has led us to revise down our global growth...
Monthly Economic Outlook - September 2010
Sep 08 19:55 GMT, by Wachovia Corporation
The U.S. economy is proving more resilient than many had feared, even following the massive downwar...
Searching for Yield: At Any Cost?
Sep 08 14:33 GMT, by Merk Hard Currency Fund
In an environment with historically low interest rates, fixed income investors have been pouring mo...
U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
Aug 27 14:20 GMT, by TD Bank Financial Group
Flipping through media headlines, it's hard to miss the fact that market skepticism has deepened in...
FX Monthly - August 2010
Aug 18 11:15 GMT, by Saxo Bank
The USD sell-off initiated in June kicked into overdrive shortly after our July report as the marke...
All Long Term Forecasts >>
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