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Sep 02 06:42 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

EUR/USD Daily Outlook
Recent decline in EUR/USD from 1.3993 continues today and intraday bias remains on the downside. Next target is 161.8% ... - Sep 02 05:32 GMT
GBP/USD Daily Outlook
GBP/USD is still staying in the consolidation pattern from 1.6534 and intraday bias remains neutral. In case of another... - Sep 02 05:27 GMT
USD/CHF Daily Outlook
USD/CHF's rally is still in progress and intraday bias remains on the upside. Next target is 161.8% projection of 0.870... - Sep 02 05:23 GMT
USD/JPY Daily Outlook
USD/JPY surges to as high as 104.86 so far as recent rebound continues. Intraday bias is back on the upside for a test ... - Sep 02 05:20 GMT

Special Reports

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...
Yellen's Speech Was Balanced, Yet Dovish
Aug 25 03:11 GMT
Fed Chair Janet Yellen delivered a balanced speech regarding the US labor marke...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: GBP/USD - Buy at market level
Although cable has retreated after intra-day rise to 1.6644 and consolidation would be seen, reckon the Ichimoku cloud (now at 1.... - Sep 01 15:59 GMT
Trade Idea Wrap-up: USD/CHF - Buy at 0.9130
As the greenback has maintained a firm undertone after breaking last week's high of 0.9185, suggesting recent upmove is still in ... - Sep 01 15:53 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.3090
Although the single currency has remained under pressure after resuming recent decline and near term bearishness remains for furt... - Sep 01 15:49 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 103.70
As the greenback has maintained a firm undertone after staging a strong rise from 103.56, suggesting recent upmove is still in pr... - Sep 01 15:45 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency slipped again after opening lower last week, suggestin... - Sep 01 10:24 GMT
USD/JPY Candlesticks and Ichimoku Analysis
As the greenback has maintained a firm undertone after recent rally, sugge... - Sep 01 10:11 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Despite rising to 138.00 late last week, as the single currency has retrea... - Aug 29 10:02 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 06:35 GMT

Action Bias

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

GBP/USD: Pound Reverses Its Gains This Morning
Sep 02 05:55 GMT, by GCI Financial
The pair is expected to find support at 1.3111, and a fall through could take it to the next support level of 1.3100. The pair is expected to find its first resistance at 1.314, and a rise through co...
GBP/USD: Pound Reverses Its Gains This Morning
Sep 02 05:55 GMT, by GCI Financial
The pair is expected to find support at 1.6561, and a fall through could take it to the next support level of 1.6537. The pair is expected to find its first resistance at 1.6627, and a rise through c...
AUD/USD: Aussie Trading Lower, After The RBA Kept The Interest Rates Unchanged
Sep 02 05:54 GMT, by GCI Financial
The pair is expected to find support at 0.9288, and a fall through could take it to the next support level of 0.9269. The pair is expected to find its first resistance at 0.934, and a rise through co...
USD/JPY: Japanese Yen Trading Lower In The Asian Session
Sep 02 05:53 GMT, by GCI Financial
The pair is expected to find support at 104.3, and a fall through could take it to the next support level of 103.85. The pair is expected to find its first resistance at 105.01, and a rise through co...
USD/CHF: Swiss Franc Trading Lower, Ahead Of Swiss Q2 GDP
Sep 02 05:51 GMT, by GCI Financial
The pair is expected to find support at 0.9183, and a fall through could take it to the next support level of 0.9166. The pair is expected to find its first resistance at 0.9211, and a rise through c...
USD/CAD: Loonie Continues Its Losses, Ahead Of Canada’s Manufacturing PMI
Sep 02 05:50 GMT, by GCI Financial
The pair is expected to find support at 1.0866, and a fall through could take it to the next support level of 1.0838. The pair is expected to find its first resistance at 1.091, and a rise through co...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Sep 02 06:01 GMT, by Varengold Bank
Yesterday the US market was closed due to labor day. Yesterday German Chancellor Angela Merkel said that Moscow's behavior in Ukraine must not go unanswered, even if sanctions hurt the German economy...
Potential For EURAUD To Snap Back
Sep 02 05:48 GMT, by ThinkForex
Rapid RSI indicator is also fairly good at highlighting oversold conditions during the trend and price action appears to have rejected 1.4040 support. A daily close around currnet levels would confir...
Euro Slides To One Year Low On ECB Easing Outlook
Sep 02 05:27 GMT, by ZIFX.com
On Monday Euro/Dollar increased insignificantly with almost 30 pips. The European currency appreciated from 1.3118 to 1.3146 yesterday, not matching the negative money flow sentiment at around -8%, c...
Foreign Exchange Market Commentary
Sep 02 05:20 GMT, by HY Markets
THE EURO closed lower on Monday. The lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signall...
The Daily Wave Analysis
Sep 02 05:16 GMT, by Admiral Markets
The bullish retracement of the bearish swing has been very slow and corrective so far, which is often a clue that a trend could continue (down in this case).
The Daily Forecaster: USDCHF
Sep 02 05:12 GMT, by FX-Forecaster
The rally extended above 0.9160-71 to reach 0.9190-95. We should now see 0.9180-88 support for follow-through to reach the 0.9202 area at least - allow for 0.9216-20 though I doubt it will get this h...
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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