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Sep 01 16:07 GMT

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Mid-Day Report: Stocks Weighed Down by China Worry Again, Yen Firm
Sep 01 14:18 GMT, by ActionForex.com
Global equities are once again weighed down by worries over slowdown in China after another batch data was released earlier today. US stocks follow and suffer heavy selling in initial trading. DJIA once loses more than -400 pts and there is no clear sign of stabilizing yet. Additional pressure is seen after worse than expected data. Yen gains acro...

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 01 13:28 GMT
GBP/USD Mid-Day Outlook
The break of 1.5329 support indicates resumption of recent decline from 1.5929. Intraday bias is back on the downside f... - Sep 01 13:26 GMT
USD/JPY Mid-Day Outlook
The break of 119.78 minor support suggests that rebound from 116.13 has completed at 121.62 already. Intraday bias is t... - Sep 01 13:22 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 01 13:19 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/JPY - Stand aside
Dollar's intra-day fall to 119.54 suggests a temporary top has been formed at 121.75 and consolidation with mild downside bias is... - Sep 01 15:53 GMT
Trade Idea Update: USD/CHF - Sell at 0.9665
As the greenback has rebounded after finding support at 0.9569, suggesting initial upside bias is seen for recovery to 0.9655-65,... - Sep 01 13:44 GMT
Trade Idea Update: GBP/USD - Stand aside
The British pound has fallen again after meeting renewed selling interest at 1.5408 earlier today, dampening our near term bullis... - Sep 01 13:42 GMT
Trade Idea Update: EUR/USD - Stand aside
Despite yesterday's retreat to 1.1180, the single currency found renewed buying interest there and rebounded in line with our nea... - Sep 01 13:38 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
USD/CHF Candlesticks and Ichimoku Analysis
Dollar's rebound from 0.9259 turned out to be much stronger than expected,... - Sep 01 09:11 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Despite last week's rally to 1.1714, the subsequent retreat formed several... - Aug 31 09:58 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7280
The single currency found good support at 0.7245 and has rebounded, suggesting the correction from 0.7423 has possibly ended ther... - Sep 01 14:41 GMT
Trade Idea: USD/CAD - Stand aside
Despite yesterday's brief bounce to 1.3327, the subsequent retreat has retained our view that further consolidation below last we... - Sep 01 14:33 GMT
Trade Idea: EUR/JPY - Sell at 136.50
As the single currency has fallen again after brief recovery, suggesting the decline from 139.01 top is still in progress and may... - Sep 01 10:32 GMT
Trade Idea: AUD/USD - Sell at 0.7150
Aussie met renewed selling interest at 0.7154 (just missed our short entry at 0.7160) and has retreated, retaining our bearishnes... - Sep 01 10:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Cable's retreat from 1.5818 turned out to be much stronger than expec... - Sep 01 10:53 GMT
GBP/JPY Elliott Wave Analysis
Sterling's retreat from 195.25 turned out to be much stronger than ex... - Sep 01 10:44 GMT
EUR/USD Elliott Wave Analysis
Although the single currency surged to 1.1714 last week, the subseque... - Aug 31 10:49 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 01 16:00 GMT

Action Bias

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

Fundamental Analysis Reports

US Manufacturing Activity Slipped Lower in August; Construction Spending Rose in July
Sep 01 15:24 GMT, by RBC Financial Group
Activity in the US manufacturing sector expanded in August 2015 at a slower pace than July, as evidenced by the ISM manufacturing index falling to 51.1 from 52.7 in July. The decrease in the gauge of...
Canadian Q2/15 GDP Declined Modestly
Sep 01 15:22 GMT, by RBC Financial Group
Second-quarter 2015 GDP growth in Canada dropped by a smaller than expected 0.5% following a 0.8% decline in the first quarter (previously estimated as -0.6%). Market expectations had been for a larg...
ISM: Split-Level Economy Continues, Weak Input Pricing
Sep 01 15:21 GMT, by Wells Fargo Securities
Both production (top graph) and new orders support the case for continued domestic growth in the manufacturing sector. For August, the Institute for Supply Management (ISM) index came in at 51.1 as i...
Sensitivity Heightens Further Within the Shanghai Composite Index
Sep 01 12:56 GMT, by ForexTime
The Shanghai Composite Index received further punishment today following factory activity in China falling to a three-year low. It is clear that China's manufacturing sector is in a period of deceler...
USD/CAD - Oil Plays Havoc With Loonie Value
Sep 01 12:19 GMT, by MarketPulse
Currently, investors are not required to follow Canadian fundamentals to hazard a guess at the value of the USD/CAD. The loonie's value is caught between oil price gains and Fed hike bets. The com...
Swiss PMI Above Consensus, Canadian GDP
Sep 01 10:48 GMT, by Swissquote Bank SA
The latest data from Switzerland suggest that the Swiss economy did manage to weather the summer months better than expected. After a surprised read of the KoF leading indicator, which came in at 100...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBP/USD: The Hits Keep Coming for Shell Shocked Bulls
Sep 01 12:58 GMT, by Forex.com
Not quite a week ago, we noted that it may finally be bears' turn for a day in the sun on GBP/USD, noting that the disappointing rally last Monday, followed by the big Dark Cloud Cover* candlestick...
S&P 500 on Shaky Footing as Growth Concerns Mount
Sep 01 12:24 GMT, by Forex.com
The global stock markets have begun the month of September on a downbeat note. Equity markets in Asia fell across the board overnight and European indices are deep in the red at the time of this writ...
AUDUSD Hidden Bearish Divergence Within Compression Triangle
Sep 01 10:50 GMT, by Admiral Markets
Not surprisingly RBA decided to put rates on hold , leaving rates unchanged. During RBA monetary policy meeting it was concluded that the inflation forecast is consistent whereas low interest rates s...
Forex Technical Analysis
Sep 01 08:35 GMT, by DeltaStock Inc.
EUR/USD My outlook here remains positive, for a break through 1.1308 resistance area, towards 1.1400, en route to 1.1565. Key support on the downside is 1.1180 low.
Today's Market Outlook
Sep 01 08:32 GMT, by Windsor Brokers Ltd
The Euro resumes recovery from near-term base at 1.1154, extending above yesterday's high at 1.1261, where daily 10EMA capped the action. The pair approaches next layer of strong resistances at 1.13 ...
USDCHF Trades Into A Bullish Triangle
Sep 01 08:29 GMT, by Elliott Wave Financial Service
A sharp bounce last week from 0.9250 suggests that USDCHF is forming a triangle pattern; currently trades in sub wave D that can be targeting the upper side of a range, near 0.9700-0.9800 area before...
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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