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Sep 04 03:45 GMT

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Daily Report: NFP Takes the Stage From Dovish ECB
Sep 04 03:00 GMT, by ActionForex.com
The dovish ECB press conference yesterday weakened the Euro as well as other European majors and set the stage for a dollar rally. The torch is now passed to employment report from US today. Non-farm payroll is expected to show 220k growth in the job market in August. Unemployment rate is expected to drop to 5.2%. Average hourly earnings are expec...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside as the fall from 1.1713 continues. Deeper decline should be seen to 1.... - Sep 04 03:22 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for the moment. Firm break of 100% projection of 1.5929 to 1.5329 from... - Sep 04 03:13 GMT
USD/CHF Daily Outlook
No change in USD/CHF's outlook. Recent sideway pattern in is possibly developing into a triangle. From a near term angl... - Sep 04 03:08 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains neutral at this point. On the downside, below 119.21 will indicate rebound from 116.13... - Sep 04 03:07 GMT

Special Reports

In USD We Trust
Sep 03 08:03 GMT
Recent financial market turmoil and increased concerns over the growth outlook ...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9695
As the greenback has surged again after brief pullback, suggesting near term upside bids remains for the rise from 0.9259 to exte... - Sep 03 15:58 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although the British pound has fallen again after brief recovery and near term downside bias remains for recent decline from 1.59... - Sep 03 15:54 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although current selloff below indicated previous support at 1.1156 signals the decline from 1.1714 top has resumed and further w... - Sep 03 15:50 GMT
Trade Idea Wrap-up: USD/JPY - Hold short entered at 120.15
Dollar's rebound after intra-day brief fall to 119.64 suggests consolidation would be seen, however, reckon 120.40-50 would limit... - Sep 03 15:48 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has maintained a firm undertone after recent antici... - Sep 03 08:22 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 1.1733 last week and ... - Sep 03 08:13 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7300
As the single currency has retreated quite sharply after meeting resistance at 0.7340 today, dampening our bullishness and minor ... - Sep 03 15:17 GMT
Trade Idea: USD/CAD - Stand aside
Despite yesterday's rebound to 1.3325, as the greenback has retreated again after faltering below indicated resistance at 1.3327 ... - Sep 03 15:12 GMT
Trade Idea: EUR/JPY - Sell at 136.35
The single currency has trade narrowly after falling to 134.68 earlier this and near term sideways consolidation is likely to con... - Sep 03 08:57 GMT
Trade Idea: AUD/USD - Sell at 0.7075
As the Australian dollar has remained under pressure after breaking below previous support at 0.7043, adding credence to our view... - Sep 03 08:53 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has continued to trade with a firm undertone, ... - Sep 03 09:43 GMT
USD/CAD Elliott Wave Analysis
The greenback has maintained a firm undertone after last month's resu... - Sep 03 09:37 GMT
EUR/CAD Elliott Wave Analysis
Recent upmove from 1.3025 (wave (B) trough) accelerated and surged to... - Sep 02 09:16 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 04 03:40 GMT

Action Bias

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

Fundamental Analysis Reports

NFP Prep: Colossal Jobs Report May Tip The Scales For The Fed
Sep 04 02:33 GMT, by Forex.com
The August Non-Farm Payroll report will be released tomorrow at 8:30 ET (12:30 GMT, 1:30pm BST), with expectations centered on a headline print of 217k after last month's as-expected 215k reading. My...
DAX Surges On Dovish ECB, Bulls Not Out Of Woods Yet
Sep 04 02:30 GMT, by Forex.com
The European stock markets have closed sharply higher today, led by a 2.7 per cent upsurge in the German DAX index. Sentiment has been boosted after the European Central Bank President Mario Draghi s...
Super Mario Draghi And NFP Friday
Sep 04 02:28 GMT, by Vantage FX
With China still on holidays in observance of Victory over Japan Day, we're expecting a quiet Asian session in the lead up to Non-Farm Payrolls later tonight. Yesterday it was interesting to see mark...
Dovish Draghi Drives Yields and Euro Lower
Sep 03 15:17 GMT, by MarketPulse
The ECBs decision making process this month when confronted with ongoing low inflation in the euro area was made even harder by the slowdown in emerging markets and financial market volatility that c...
US ISM Non-Manufacturing Index Eases in August from Near-Decade High in July
Sep 03 15:15 GMT, by RBC Financial Group
The ISM non-manufacturing index decreased to 59.0 in August 2015 after surging to a near-decade high of 60.3 in July. Market expectations had been for a slightly larger decline to 58.2. The decrea...
US Trade Deficit Narrowed in July
Sep 03 15:14 GMT, by RBC Financial Group
The US trade deficit narrowed to $41.9 billion in July 2015 from a revised $45.2 billion shortfall (previously reported as -$43.8 billion) in June. The July deficit, which was the smallest since Febr...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Sep 04 03:37 GMT, by FX Instructor
The EURUSD continued its bearish momentum yesterday bottomed at 1.1086. The bias remains bearish in nearest term testing 1.1000. Immediate resistance is seen around 1.1180. A clear break above that a...
Market Morning Briefing
Sep 04 03:31 GMT, by Kshitij Consultancy Services
Euro (1.1130) has fallen breaking below 1.1150 and may now move lower towards 1.10 in the near term. While there was no change in the ECB policy stance, his dovish comments and projections sent the E...
EURUSD - Bearish Momentum Turns Risk To Key Support
Sep 04 02:36 GMT, by FXTechstrategy
EURUSD - EUR took further losses on Thursday for a second day in a row. This development leaves risk of more weakness towards its key support located at the 1.1016 level, its Aug 18 2015 low. Support...
USDCHF - Threatening Further Bullishness
Sep 04 02:35 GMT, by FXTechstrategy
USDCHF - With USDCHF strengthening further on Thursday, it looks to target further upside pressure. On the downside, support comes in at the 0.9700 level. A turn below here will open the door for mor...
EUR/JPY: Draghi'n the Euro Down
Sep 03 13:57 GMT, by Forex.com
The release of this morning's European Central Bank (ECB) monetary policy statement was predictably uneventful, with the central bank leaving its main refinancing rate at 0.05%, its deposit rate at 0...
GBP/USD Extends Fall as UK Services Growth Disappoints
Sep 03 12:05 GMT, by Forex.com
The pound has extended its falls, hitting its lowest level against the US dollar since early June, after growth in the UK services sector unexpectedly moved down a notch in August, according to the c...
All Daily Technical Reports >>

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Central Bank Analysis
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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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