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Oct 01 10:12 GMT

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European Session: Orders and Options Watch
Oct 01 09:44 GMT, by ActionForex.com
EUR: The single currency has remained under pressure after falling to 2-year low yesterday, however, bids are still noted at 1.2570-80 and in good size at 1.2540-50 (more stops below), some buy orders are tipped at 1.2520-25, followed by mixture of bids and stops at 1.2500. On the upside, offers remain at 1.2640-50, 1.2665 and 1.2680-85, sizeable ...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral as consolidation from 180.70 continues. Downside of consolidation would be con... - Oct 01 06:10 GMT
EUR/JPY Daily Outlook
As noted before, EUR/JPY's actions from 145.68 are probably developing into a triangle pattern with fall from 141.21 as... - Oct 01 06:07 GMT
EUR/AUD Daily Outlook
With 1.4378 support intact, further rise is still expected in EUR/AUD. Recent development suggested that corrective fal... - Oct 01 06:00 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains on the downside for 0.7755 key support level. We'd be cautious on bottoming there. Mea... - Oct 01 05:57 GMT

Special Reports

The Week Ahead: Details about ECB's ABS Purchases Expected
Sep 29 13:49 GMT
The focus of this week is ECB meeting due Thursday and US' employment report du...
Japanese Yen May Weaken Further Should BOJ Extend Monetary Base
Sep 25 12:16 GMT
Japanese yen resumed weakness after a briefly rebound against the US dollar aft...
China To Continue To Add Stimulus Despite Finance Minister's Hawkish Comments
Sep 23 09:30 GMT
Comments that Chinese Finance Minister Lou Jiwei made at the G20 meeting damped...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9500
Yesterday's rally to 0.9597 adds credence to our view that recent upmove from 0.8699 low is still in progress and may extend furt... - Oct 01 08:07 GMT
Trade Idea: GBP/USD - Sell at 1.6285
Yesterday's selloff after meeting renewed selling interest at 1.6287 confirms recent decline from 1.6525 has resumed and bearishn... - Oct 01 08:04 GMT
Trade Idea: EUR/USD - Sell at 1.2690
Euro's recovery after yesterday's selloff to 1.2571 suggests minor consolidation would be seen and corrective bounce to previous ... - Oct 01 08:00 GMT
Trade Idea: USD/JPY - Buy at 109.15
As the greenback has risen again after brief pullback, suggesting recent upmove is still in progress and further gain to 110.20-2... - Oct 01 07:56 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Kiwi's decline has accelerated in the past two weeks and pscyhological sup... - Oct 01 07:32 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar continued to head south after recent selloff and aus... - Oct 01 07:28 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.9353 (we recommended to b... - Sep 30 07:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Although the single currency fell again to 137.94 yesterday, lack of follow through selling and the subsequent recovery suggest c... - Oct 01 09:08 GMT
Trade Idea: AUD/USD - Sell at 0.8830
Despite intra-day fall to 0.8663, as the Australian dollar has recovered after holding above previous support at 0.8660, suggesti... - Oct 01 09:00 GMT
Trade Idea: EUR/GBP - Sell at 0.7885
Although the single currency has remained under pressure and near term downside risk remains for recent decline to extend to 0.77... - Sep 30 14:39 GMT
Trade Idea: USD/CAD - Buy at 1.1095
As the greenback has risen again after brief pullback, adding credence to our bullish view that recent upmove is still in progres... - Sep 30 14:33 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound has retreated after meeting resistance at ... - Sep 30 09:06 GMT
GBP/JPY Elliott Wave Analysis
Sterling found renewed buying interest at 169.35 and has rallied abov... - Sep 30 09:00 GMT
USD/JPY Elliott Wave Analysis
As the greenback has continued to edge higher on dollar's broad-based... - Sep 29 11:32 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 01 10:05 GMT

Action Bias

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

Fundamental Analysis Reports

Daily FX Analysis
Oct 01 08:26 GMT, by Investica
Headline Euro-zone flash inflation was in line with expectations at a fresh five-year low of 0.3% for September from 0.4% previously. Although falling energy prices was the main influence, there was ...
Germany's Retail Sales Surge As French Consumer Spending Jumps, CPI Remains Stable
Oct 01 08:03 GMT, by Dukascopy Swiss FX Group
Retail sales in the largest economy of the Eurozone surged 2.5% in August of this year, while economists expected a slight improvement of 0.6%. Indicator for July, in turn, was revised to the positiv...
Chicago PMI Worsens, Consumer Confidence Falls More Than Expected
Oct 01 08:02 GMT, by Dukascopy Swiss FX Group
Business activity in the Midwest region of the U.S. remains very optimistic; however, pace of expansion decreased slightly in September. The benchmark Chicago purchasing managers' index dropped to 60...
U.K. Housing Prices Drop As Current Account Deficit Widens, GDP Growth Revised Up
Oct 01 07:54 GMT, by Dukascopy Swiss FX Group
According to Nationwide Building Society, property prices in the United Kingdom registered the first decline since May 2013, as they slipped 0.2% in September, calculated month-on-month. Therefore, t...
KOF Economic Barometer Points On Swiss Economy To Remain Stable
Oct 01 07:53 GMT, by Dukascopy Swiss FX Group
The economy of Switzerland is likely to advance further in the nearest future, even though sanctions from Russia and sluggish growth in the Eurozone, the main Swiss trade partner, are creating some n...
Canadian Economy Stagnates In July, RMPI Index Declines Further
Oct 01 07:52 GMT, by Dukascopy Swiss FX Group
Economy of Canada continued to perform well in July of this year, helped by supportive monetary policy of the Bank of Canada, as well as manufacturing and public sector industries. Country's GDP, how...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Oct 01 09:59 GMT, by DeltaStock Inc.
Current rebound above 1.2568 low is corrective in nature, thus preceding a slide towards the major target at 1.2440. Initial intraday resistance is seen at 1.2636 and crucial on the upside is 1.2715.
Technical Analysis for Major Currencies
Oct 01 09:18 GMT, by ICN.com
EURUSD pair touched 113% correction at 1.2580 yesterday before rebounding slightly to the upside. But the rebound wasn't enough to change our negative expectations, whereas stability below the previo...
Today's Market Outlook
Oct 01 08:51 GMT, by Windsor Brokers Ltd
The Euro resumed its larger downtrend which was interrupted by narrow consolidation and eventually broke and close below near-term target at 1.2660, Nov 2012 low. Fresh weakness also probed below psy...
USDCAD Makes Higher Highs
Oct 01 08:44 GMT, by Elliott Wave Financial Service
USDCAD is making higher highs and higher lows from 1.0885 where we see a completed corrective wave (ii), so ideally pair is now moving up within wave (iii) that can reach levels around 1.1250-1.1300 ...
EUR/USD Violates 1.2660
Oct 01 07:48 GMT, by Dukascopy Swiss FX Group
The support at 1.2660 did not withstand the selling pressure yesterday, thus exposing the 2012 low at 1.2040, namely the main long-term target. However, in the short run we may expect some bullish ac...
GBP/USD To Preserve Negative Bias Until 1.6050
Oct 01 07:42 GMT, by Dukascopy Swiss FX Group
GBP/USD keeps moving away from the three-month down-trend, which is expected to lead the pair to this year's minimum. The immediate support is at 1.6162, represented by the weekly S1, but it is highl...
All Daily Technical Reports >>

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Central Bank Analysis
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Long Term Forecasts

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...
USD/CAD - 2013 In Review
Jan 02 02:23 GMT, by MarketPulse
The Canadian dollar looked sharp as we began 2013, but struggled badly late in the year, as the cur...
All Long Term Forecasts >>
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