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Sep 02 21:40 GMT

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US Session: Orders and Options Watch
Sep 02 14:10 GMT, by ActionForex.com
GBP: Cable recovered after falling 1.5264, bids are still noted at 1.5265, 1.5250 and 1.5220, buying interest is tipped at 1.5190-00 and further out at 1.5160-70. On the upside, offers are seen at 1.5320 and 1.5350, sell orders are expected at 1.5380 and 1.5400, selling interest should emerge around 1.5420 and 1.5450.

Technical Outlook

EUR/USD Mid-Day Outlook
Outlook in EUR/USD is unchanged. Deeper fall is expected with 1.1363 minor resistance intact. The corrective rise from ... - Sep 02 13:28 GMT
USD/CHF Mid-Day Outlook
No change in USD/CHF's outlook. Recent sideway pattern in is possibly developing into a triangle. From a near term angl... - Sep 02 13:26 GMT
USD/JPY Mid-Day Outlook
The rebound from 116.13 is likely completed at 121.62 already after failing to break through 4 hours 55 EMA. Intraday b... - Sep 02 13:24 GMT
GBP/USD Mid-Day Outlook
GBP/USD's decline is still in progress and intraday bias remains on the downside. Fall from 1.5929 should target 100% p... - Sep 02 13:20 GMT

Special Reports

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...
Fed's Rate Hike Speculations Shrank. Less Likely to Hike Rates in September
Aug 26 12:41 GMT
The China-led global financial market crash has made the case of a September Fe...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold short at 0.9670
The greenback has continued to move higher, dampening our near term bearishness and 0.9700 needs to hold to retain prospect of an... - Sep 02 16:33 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
The British pound has recovered after falling to 1.5264 earlier today, suggesting consolidation above this level would be seen an... - Sep 02 16:27 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Euro's intra-day retreat suggests further consolidation below 1.1332 would be seen with initial downside bias, however, below 1.1... - Sep 02 16:18 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's rebound after yesterday's fall to 119.23 suggests low has possibly been formed there and consolidation above this level ... - Sep 02 16:11 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
AUD/USD Candlesticks and Ichimoku Analysis
Despite recovering to 0.7206 late last week, aussie met renewed selling in... - Sep 02 07:51 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound ran into heavy selling interest at 1.5818 last week and ... - Sep 01 09:35 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

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
Trade Idea: EUR/JPY - Sell at 136.35
Yesterday's drop below 135.26 support signals the fall from 139.01 (wave b top) is still in progress and bearishness remains for ... - Sep 02 08:27 GMT
Trade Idea : AUD/USD - Sell at 0.7075
Yesterday's selloff together with the breach of previous support at 0.7043 signals recent downtrend has resumed and bearishness r... - Sep 02 08:21 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Recent upmove from 1.3025 (wave (B) trough) accelerated and surged to... - Sep 02 09:16 GMT
AUD/USD Elliott Wave Analysis
Aussie has fallen again after brief recovery to 0.7206 and the pair j... - Sep 02 09:07 GMT
GBP/USD Elliott Wave Analysis
Cable's retreat from 1.5818 turned out to be much stronger than expec... - Sep 01 10:53 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 02 21:35 GMT

Action Bias

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

Fundamental Analysis Reports

Shanghai Composite Index Declines Once Again
Sep 02 12:24 GMT, by ForexTime
The Shanghai Composite Index has declined for the third day in a row with sentiment remaining bearish for the Chinese economy and this is likely inspiring further declines in other Asian equities tod...
Morning Brief: September 2
Sep 02 12:08 GMT, by MarketPulse
Asia and Euro equities, along with U.S futures remain under pressure, but have reversed some of their initial deeper declines. No significant fundamental catalysts are being attributed to the bounce,...
Aussie Dollar Drops To 6-1/2-Year Low On Downbeat GDP Data
Sep 02 10:58 GMT, by ICN.com
The Aussie dollar slipped to its lowest level in six and a half years versus the U.S. dollar on Wednesday as downbeat GDP data from Australia triggered further selloff. The Australian economy eased i...
UK PMI Rises Slightly In August
Sep 02 09:51 GMT, by ICN.com
The construction sector in the United Kingdom showed a slight advance in August, buoyed by improvement house building. The Purchasing Managers' Index (PMI) recorded 57.3 from 57.1 in July, lower than...
BCB In Spotlight, Weak PMIs From UK
Sep 02 09:34 GMT, by Swissquote Bank SA
Later this evening the BCB will release it interest rate decision. According to the latest survey, market participants expect the Selic rate to remain unchanged at 14.25% as inflation expectations st...
European Market Update: Spain Unemployment Rises For 1st Time In 7 Months
Sep 02 09:29 GMT, by Trade The News
Quiet European session with little in terms of key data releases. Markets awaiting key events later in the week (ECB and US payroll data). The upcoming G-20 meeting in Turkey could be used as a vehic...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBP/JPY: Double Top May Spell Double Trouble
Sep 02 13:14 GMT, by Forex.com
As the sun rises a hump day in the US, traders are ramping up for a busy final 48 hours of economic data. Earlier this morning, payroll provider ADP released its estimate of the August non-farm emplo...
FTSE Stable as Investor Focus Shifts from China to US
Sep 02 12:11 GMT, by Forex.com
The FTSE managed to bounce back this morning alongside the wider European stock markets after renewed concerns about China, the world's second largest economy, had weighed heavily on the stocks marke...
Forex Technical Analysis
Sep 02 09:41 GMT, by DeltaStock Inc.
USD/JPY Current rebound above 119.20 should be considered corrective and while 120.50 resistance holds, the overall outlook will remain negative, for a slide towards 118.20.
USDCAD Stable Above 1.32 After Forming Higher Base At 1.3115
Sep 02 09:19 GMT, by Windsor Brokers Ltd
The pair stabilizes above 1.32 handle, turning near-term studies into positive mode, after corrective pullback from 1.3351, 25 Aug peak, found footstep just above pivotal 1.31 support, Fibonacci 61.8...
AUDUSD Can Find Support Soon
Sep 02 09:15 GMT, by Elliott Wave Financial Service
AUDUSD broke to a new low as expected, out from a triangle ad down into wave five. Keep in mind that triangle occur prior to the final move within a larger pattern, which means Aussie can find a supp...
Today's Market Outlook
Sep 02 08:02 GMT, by Windsor Brokers Ltd
The Euro consolidates under fresh recovery highs at 1.1318/31, posted yesterday. Consolidation is entrenched within 100-pips range and expected to precede fresh attempts higher. Yesterday's long bull...
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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