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Sep 01 10:04 GMT

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Daily Report: Aussie Steady as RBA Stands Pat and Stays Neutral
Sep 01 04:47 GMT, by ActionForex.com
Aussie stays steady in tight range against dollar after RBA kept cash rate unchanged at 2.00% as widely expected. The central bank maintained a neutral bias and noted that further information on economic and financial conditions are needed to determine the assessment of outlook and monetary policy. Regarding recent turmoils in the financial mark...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY stays neutral for the moment. Price actions from 195.86 are viewed as a consolidation pattern ... - Sep 01 08:14 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. The rebound from 133.29 is likely a corrective move and could ... - Sep 01 08:11 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for consolidation below 0.7421 short term top. Downside of retreat should be c... - Sep 01 08:06 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD stays neutral as consolidation from 1.6587 short term top continues. We'd expect downside of r... - Sep 01 08:02 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 : USD/CHF - Sell at 0.9650
The greenback topped out at 0.9690 yesterday and the subsequent retreat suggests consolidation with downside bias would be seen f... - Sep 01 08:22 GMT
Trade Idea: GBP/USD - Hold long entered at 1.5370
As cable has retreated again in London morning after meeting resistance at 1.5408, suggesting further consolidation would be seen... - Sep 01 08:06 GMT
Trade Idea: EUR/USD - Target met and stand aside
Despite yesterday's retreat to 1.1180, the single currency found renewed buying interest there and has rebounded in line with our... - Sep 01 07:57 GMT
Trade Idea: USD/JPY - Exit long entered at 120.50
As the greenback has retreated again after meeting renewed selling interest at 121.42, suggesting further consolidation below yes... - Sep 01 07:40 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 0.7230
The single currency met resistance at 0.7355 on Friday and has retreated again, retaining our view that further consolidation wou... - Aug 31 15:13 GMT
Trade Idea: USD/CAD - Stand aside
Although the greenback has rebounded again after finding support at 1.3167 on Friday, break of last week's high of 1.3354 is need... - Aug 31 15:09 GMT
Trade Idea: EUR/JPY - Sell at 137.50
As the single currency has recovered again after holding above said support at 135.26 (last week's low), retaining our view that ... - Aug 31 10:18 GMT
Trade Idea : AUD/USD - Sell at 0.7160
As aussie has retreated after meeting renewed selling interest at 0.7206 late last week, consolidation with downside bias is seen... - Aug 31 10:12 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency surged to 1.1714 last week, the subseque... - Aug 31 10:49 GMT
USD/JPY Elliott Wave Analysis
Despite last week's selloff to 116.16, the subsequent strong rebound ... - Aug 31 10:42 GMT
EUR/JPY Elliott Wave Analysis
Euro's retreat from 139.01 turned out to be stronger than expected, s... - Aug 28 10:48 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 01 09:55 GMT

Action Bias

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

European Market Update: European Unemployment Data Improves While Manufacturing PMI Data Disappoints
Sep 01 09:37 GMT, by Trade The News
Dealers note that Fed's dilemma of having to balance international risks with domestic needs is unlikely to be made any easier. Fresh declines in Chinese and global stock markets serving to erode Fed...
China Markets Continue To Look Vulnerable
Sep 01 09:06 GMT, by ForexTime
Markets are waking up to further signs of economic weakness in China following another PMI contraction overnight. While it is true that expectations were for a contraction anyway, the data just provi...
Dollar Running Into Resistance
Sep 01 08:27 GMT, by KBC Bank
Yesterday, the risk-off comeback of the dollar was blocked as global sentiment on risk turned less positive. This pattern might continue today as poor Chinese eco data weigh on global sentiment. The ...
China Continues To Weigh On World Markets
Sep 01 07:58 GMT, by Swissquote Bank SA
World stock markets ended last week on a positive note, with Chinese mainland shares recovering more 10% losses in two days. However, this week is a different story as stocks from across the globe ar...
RBA Keeps Rate On Hold As Weak Aussie And Past Rate Cuts Assist Growth
Sep 01 07:57 GMT, by Dukascopy Swiss FX Group
The Reserve Bank of Australia kept interest rates on hold at 2% after the recent stock market turmoil as a weaker Australian Dollar and past rate cuts have a positive impact on growth. The central ba...
Euro Zone Inflation Rises 0.2% In August, German Retail Sales Beat Expectations
Sep 01 07:55 GMT, by Dukascopy Swiss FX Group
Consumer prices in the Euro zone continued to rise modestly in August, despite falling energy prices. Inflation in 19-country currency bloc held at 0.2% in the year to August, unchanged from the prev...
All Daily Fundamental Reports >>

Technical Analysis Reports

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...
EUR/USD Sets Eyes On 23.6% Fibo
Sep 01 08:17 GMT, by Dukascopy Swiss FX Group
Neither bulls nor bears managed to take control over the EUR/USD currency pair yesterday, as it was largely unchanged on a daily basis. On Tuesday, however, the common currency seems to be gaining va...
GBP/USD Attempts To Reclaim 1.54
Sep 01 08:16 GMT, by Dukascopy Swiss FX Group
The Cable failed to remain above the 1.54 major level, as the monthly S1 was unable to hold the losses. However, the Bollinger band provided sufficient support, causing the GBP/USD to stabilise at 1....
USD/JPY Tests Support Cluster Around 121.00
Sep 01 08:15 GMT, by Dukascopy Swiss FX Group
The USD/JPY currency pair brought no surprises on Monday, as trade maintained within the borders of the 200-day SMA and monthly S1. Even though the Greenback remains supported by the 121.00 major lev...
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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