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Aug 04 07:23 GMT

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Daily Report: Aussie Recovers as RBA Stands Pat and Stays Neutral
Aug 04 04:50 GMT, by ActionForex.com
Australian dollar recovers as RBA left the cash rate unchanged at 2.00% as expected and maintained a neutral stance. The central bank noted that further information on economic and financial conditions to be received over the period ahead will inform the Board's ongoing assessment of the outlook and hence whether the current stance of policy will...

Technical Outlook

AUD/USD Daily Outlook
AUD/USD recovers today but is staying below 0.7448 resistance and outlook is unchanged. As long as 0.7448 resistance ho... - Aug 04 04:49 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. As noted before, the corrective structure of current decline a... - Aug 04 04:37 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Another rise is mildly in favor 1.5465 minor support holds. Ab... - Aug 04 04:35 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for consolidation below 61.8% retracement of 1.0127 to 0.9072 at 0.9724. Anoth... - Aug 04 04:33 GMT

Special Reports

FOMC Adjusted Economic Assessment, September Rate Hike Remains Open
Jul 30 06:08 GMT
In its July statement, the FOMC made some changes on its assessment of the curr...
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
Jul 29 06:56 GMT
Chinese State Council released a statement titled 'Key steps to promote foreign...
Watch For Forward Guidance In July FOMC Statement
Jul 27 17:26 GMT
The upcoming FOMC meeting in July would be in focus, as the market watches clos...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
As the greenback has retreated after intra-day initial marginal rise to 0.9705, suggesting consolidation below this level would b... - Aug 04 07:17 GMT
Trade Idea: GBP/USD - Stand aside
Cable's rebound after yesterday's fall to 1.5565 suggests further consolidation within near term established range of 1.5549-1.56... - Aug 04 07:13 GMT
Trade Idea : EUR/USD - Sell at 1.1050
As the single currency has remained under pressure after retreating sharply from 1.1114 (Friday's high), consolidation with mild ... - Aug 04 07:10 GMT
Trade Idea: USD/JPY - Stand aside
Despite retreating from yesterday's high of 124.27, below 123.80 is needed to suggest the rebound from 123.52 has ended, bring an... - Aug 04 07:05 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback retreated after rising to 0.9719 last week, as doll... - Aug 04 07:21 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Despite staging a strong rebound to 1.1130 earlier last week, the single c... - Aug 03 08:15 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback staged a stronger-than-expected rebound from 123.01 (last we... - Aug 03 08:13 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency ran into resistance at 0.7098 on Friday and has retreated quickly, retaining our view that further choppy tra... - Aug 03 15:20 GMT
Trade Idea: USD/CAD - Target met and stand aside
Despite Friday's brief retreat to 1.2941, the greenback found renewed buying interest there and has surged again in line with our... - Aug 03 15:12 GMT
Trade Idea: EUR/JPY - Stand aside
Despite Friday's brief rise to 137.35, the subsequent retreat suggests further consolidation below this level would be seen, howe... - Aug 03 09:31 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie resumed recent decline to 0.7235 late last week, the subsequent rebound suggests consolidation would be seen, how... - Aug 03 09:26 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency retreated initially last week to 1.0893,... - Aug 03 09:51 GMT
USD/JPY Elliott Wave Analysis
The greenback only retreated to 123.01 last week before finding renew... - Aug 03 09:44 GMT
EUR/GBP Elliott Wave Analysis
As the single currency has retreated again after meeting resistance a... - Jul 30 10:05 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 04 07:15 GMT

Action Bias

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

Fundamental Analysis Reports

Bear Trend Dominates Silver Market
Aug 04 07:17 GMT, by Blackwell Global
The prospect of a rate rise from the US Federal Reserve in September has all but sealed the fate of Silver recently. The bearish trend has been dominating and the recent 6 year low now looks to be th...
Euro Short Squeeze Breakout In Progress
Aug 04 07:15 GMT, by Blackwell Global
The Euro has continued to feel the selling pressure this week as the market's focus shifts towards a resurgent U.S. Dollar. The Euro has subsequently drifted lower whilst its price action has formed ...
Euro Zone Manufacturing Sector Continues To Expand In July
Aug 04 07:11 GMT, by Dukascopy Swiss FX Group
The Euro zone's manufacturing sector continued to expand strongly in July amid the turbulent Greek debt crisis during the month. The final manufacturing PMI for the Euro area slid to 52.4 in July, do...
US Labour Costs Rise At The Slowest Pace In 33, Consumer Confidence Deteriorates
Aug 04 07:10 GMT, by Dukascopy Swiss FX Group
A closely watched core PCE inflation remained steady in June, while consumer spending and incomes suggest robust, albeit moderate economic growth. The index for personal consumption expenditures, exc...
UK Manufacturing PMI Rises To 51.9 In July
Aug 04 07:08 GMT, by Dukascopy Swiss FX Group
British manufacturing growth accelerated in July, recovering from the lowest level in more than two years in June. According to Markit Economics, UK manufacturing PMI rose to 51.9, up from 51.4 in Ju...
Australia's Retail Sales Unexpectedly Soar 0.7%, While Trade Gap Widens Further
Aug 04 07:07 GMT, by Dukascopy Swiss FX Group
Australia's retail sales data exceeded expectations in June with the biggest increase in four months, while household spending for the second quarter likely boosted economic growth. Sales at Australi...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Aug 04 05:14 GMT, by Varengold Bank
The clamor to borrow in euros this year puts the shared currency on a path familiar to foreign exchange traders. Global companies have taken advantage of record-low borrowing costs to raise an unprec...
USDCAD On Cusp Of Printing Fresh 11-Year Highs
Aug 04 04:45 GMT, by ThinkForex
Whilst oil prices have continued to decline, large speculators have increased their net short exposure of Canadian Dollars to record levels whilst the Greenback retains its bullish status. These forc...
Daily Technical Outlook And Review
Aug 04 04:42 GMT, by IC Markets
Following the open 1.0971, the EUR currency pair had a relatively quiet round of trading yesterday. Price attempted to tackle the round number 1.1000, but, as you can see, fell short by a mere six pi...
78.6% Fibonacci Levels Offer Potential For Deep Bounces
Aug 04 04:33 GMT, by Admiral Markets
The USD/JPY is in an ascending wedge with nearby resistance (red) and support (green) trend lines. A bearish breakout confirms the continuation of wave Y (blue) whereas a bullish break would indicate...
Daily Technical Analysis
Aug 04 04:17 GMT, by FX Instructor
The EURUSD didn't make significant movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.0890 area. Immediate resistance is seen around 1.1000. A ...
Market Morning Briefing
Aug 04 03:38 GMT, by Kshitij Consultancy Services
Euro-Yen (135.83) is trading lower on a dip in the Euro. As mentioned earlier, 137-135 is a crucial zone with both the levels being important resistance and support. Narrow movement is expected befor...
All Daily Technical Reports >>

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Central Bank Analysis
Economic Data Reviews
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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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