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Sep 02 10:30 GMT

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European Session: Orders and Options Watch
Sep 02 10:15 GMT, by ActionForex.com
EUR: The single currency found support just above 1.1240 and has recovered in European morning, however, offers are still noted at 1.1290-00, 1.1330 and 1.1360 (sizeable), sell orders are reported at 1.1395-00 (stops above) and further out at 1.1440. On the downside, bids are seen at 1.1240, 1.1220 and 1.1200, more buy orders are expected at 1.118...

Technical Outlook

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 02 08:31 GMT
EUR/AUD Daily Outlook
EUR/AUD recovered strongly but stays in range below 1.6587. Intraday bias remains neutral for some more consolidations.... - Sep 02 08:29 GMT
GBP/JPY Daily Outlook
Focus in GBP/JPY is back to 61.8% retracement of 174.86 to 195.86 at 182.88. Sustained trading there is an early sign o... - Sep 02 08:13 GMT
EUR/JPY Daily Outlook
The break of 134.99 support suggests that fall from 138.99 is resuming. Intraday bias turned to the downside. As noted ... - Sep 02 08:11 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 Update: USD/CHF - Sell at 0.9670
As the greenback has rebounded again after holding above yesterday's low at 0.9569, suggesting initial upside risk remains for fu... - Sep 02 09:28 GMT
Trade Idea Update: GBP/USD - Stand aside
Although the British pound has remained under pressure after resuming recent decline and near term downside risk remains for the ... - Sep 02 09:26 GMT
Trade Idea Update: EUR/USD - Stand aside
Although the single currency retreated after faltering below yesterday's high of 1.1332 and consolidation with initial downside b... - Sep 02 09:23 GMT
Trade Idea Update: USD/JPY - Stand aside
Despite yesterday's fall to 119.23, the subsequent rebound suggests low has possibly been formed there and consolidation above th... - Sep 02 09:21 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
AUD/USD Candlesticks and Ichimoku Analysis
Despite recovering to 0.7206 late last week, aussie met renewed selling in... - Sep 02 07:51 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 136.35
Yesterday's drop below 135.26 support signals the fall from 139.01 (wave b top) is still in progress and bearishness remains for ... - Sep 02 08:27 GMT
Trade Idea : AUD/USD - Sell at 0.7075
Yesterday's selloff together with the breach of previous support at 0.7043 signals recent downtrend has resumed and bearishness r... - Sep 02 08:21 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Recent upmove from 1.3025 (wave (B) trough) accelerated and surged to... - Sep 02 09:16 GMT
AUD/USD Elliott Wave Analysis
Aussie has fallen again after brief recovery to 0.7206 and the pair j... - Sep 02 09:07 GMT
GBP/USD Elliott Wave Analysis
Cable's retreat from 1.5818 turned out to be much stronger than expec... - Sep 01 10:53 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 02 10:25 GMT

Action Bias

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

UK PMI Rises Slightly In August
Sep 02 09:51 GMT, by ICN.com
The construction sector in the United Kingdom showed a slight advance in August, buoyed by improvement house building. The Purchasing Managers' Index (PMI) recorded 57.3 from 57.1 in July, lower than...
BCB In Spotlight, Weak PMIs From UK
Sep 02 09:34 GMT, by Swissquote Bank SA
Later this evening the BCB will release it interest rate decision. According to the latest survey, market participants expect the Selic rate to remain unchanged at 14.25% as inflation expectations st...
European Market Update: Spain Unemployment Rises For 1st Time In 7 Months
Sep 02 09:29 GMT, by Trade The News
Quiet European session with little in terms of key data releases. Markets awaiting key events later in the week (ECB and US payroll data). The upcoming G-20 meeting in Turkey could be used as a vehic...
China Announces A Couple Of Small Measures To Lift Growth
Sep 02 09:25 GMT, by Danske Bank
The fund aims to 'support small and micro-sized businesses in the initial stage as seed investment'. The government also aims to attract more private capital to boost small businesses as private inve...
China Sensitivity Extends To The US Markets
Sep 02 09:13 GMT, by ForexTime
The US Stock markets took a hit on Tuesday as the vulnerability from the Shanghai Composite Index dispersed into the US trading session. With manufacturing data in China falling to a threeyear low, m...
AUD/USD Hit By Weak GDP Data, Asian Equities Lower
Sep 02 07:48 GMT, by Swissquote Bank SA
Canada's June GDP surprised to the upside yesterday as it came in at 0.5%m/m versus 0.2% median forecast and -0.2% previous reading while the economy contracted by 0.5% saar during the second quarter...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Sep 02 09:41 GMT, by DeltaStock Inc.
USD/JPY Current rebound above 119.20 should be considered corrective and while 120.50 resistance holds, the overall outlook will remain negative, for a slide towards 118.20.
USDCAD Stable Above 1.32 After Forming Higher Base At 1.3115
Sep 02 09:19 GMT, by Windsor Brokers Ltd
The pair stabilizes above 1.32 handle, turning near-term studies into positive mode, after corrective pullback from 1.3351, 25 Aug peak, found footstep just above pivotal 1.31 support, Fibonacci 61.8...
AUDUSD Can Find Support Soon
Sep 02 09:15 GMT, by Elliott Wave Financial Service
AUDUSD broke to a new low as expected, out from a triangle ad down into wave five. Keep in mind that triangle occur prior to the final move within a larger pattern, which means Aussie can find a supp...
Today's Market Outlook
Sep 02 08:02 GMT, by Windsor Brokers Ltd
The Euro consolidates under fresh recovery highs at 1.1318/31, posted yesterday. Consolidation is entrenched within 100-pips range and expected to precede fresh attempts higher. Yesterday's long bull...
EUR/USD Was Stopped By 23.6% Fibo
Sep 02 07:57 GMT, by Dukascopy Swiss FX Group
EUR/USD advanced for a third working day in a row on Tuesday, but the cross failed to overcome the nearest resistance at 1.1295 (23.6% Fibo) and close above the 1.13 round level. According to daily t...
GBP/USD Stuck Around 1.53
Sep 02 07:56 GMT, by Dukascopy Swiss FX Group
The Sterling fell to the lowest in in two months on Tuesday, as weak UK PMI data put pressure along with the plunging equity markets around the world. As a result, the support cluster around 1.5320 w...
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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