| Action Insight Mid-Day Report | No Rebound in Dollar Yet Dollar continues to trade with in soft tone in tight range in early US session. While downside momentum in dollar is diminishing, there is no trigger for a noticeable rebound yet. Stocks in US open higher and look set to extend recent rally. Commodities are also regaining some strength after brief pullback with crude oil back above 72 while Gold also recovers from earlier dip. Full Report Here... | | Elliott Wave Analysis | EUR/JPY Elliott Wave Analysis Despite retreating to 131.30 on Monday, as indicated key support at 131.01 has contained euro's downside, the subsequent rebound from there has retained our bullish count and gain to 136.09 resistance is likely, however, a daily close above there is needed to signal the fall from 138.72 (tentatively wave ii of 3) has ended at 131.01 and bring resumption of upmove for gain to 138.72, then towards 139.26. Full Report Here... USD/CHF Elliott Wave Analysis Although early breach of chart support at 1.0370 signals the b wave from 1.2298 is still in progress and fall towards 1.0176 (61.8% projection of 1.1967 to 1.0529 measuring from 1.1026) is likely, psychological support at 1.0000 (also just below the 100% projection of (a) leg at 1.0039 and chart support at 1.0011) should limit downside and bring rebound later this month or in Q4. Full Report Here... | | Candlesticks & Ichimioku Analysis | EURJPY Candlesticks and Ichimoku Analysis As the single currency has rebounded after holding above previous support at 131.01, retaining our view that further consolidation within recent established range of 127.00-139.26 would take place and gain to our indicated upside targets at 135.00 is still likely, then test of 136.05/10. Having said that, upside should be limited to resistance at 138.72 and only break of this level would signal the rise from 112.08 low has resumed for retest of 139.26, then 141.03 (50% Fibonacci retracement of 169.97-112.08 and current level of the Ichimoku cloud top). Full Report Here... NZDUSD Candlesticks and Ichimoku Analysis Despite retreating to 0.6685 earlier, as kiwi found renewed buying interest above the Tenkan-Sen and has risen again, suggesting the upmove from 0.4895 remains in progress and gain towards 0.7244/46 (1.618 times projection of 0.4895-0.5981 measuring from 0.5487 and 61.8% projection of 0.4895 to 0.6594 measuring from 0.6196) cannot be ruled out, however, upside should be limited to 0.7447 (previous support turned resistance) and risk from there has increased for a retreat later. Full Report Here... | | Featured Technical Report | Market Highlights | EUR/USD Mid-Day Outlook Daily Pivots: (S1) 1.4698; (P) 1.4732; (R1) 1.4777; More Intraday bias in EUR/USD remains neutral for the moment. As discussed before, considering bearish divergence conditions in 4 hours MACD and RSI, a short term top should be around the corner. Below 1.4640 minor support will suggest that rise form 1.4177 has possibly completed and will flip back to the downside for 1.4463 support and below. On the upside, while another rise cannot be ruled out for the moment, we'd continue to expect loss of momentum ahead of 1.4867 key resistance to bring reversal finally. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPUSD | 1.6339 | 1.6450 | -111 | -0.68% | | GBPCHF | 1.6806 | 1.6912 | -106 | -0.63% | | EURGBP | 0.9011 | 0.8960 | +51 | +0.57% | | GBPJPY | 149.12 | 149.82 | -70 | -0.47% | | GBPCAD | 1.7431 | 1.7510 | -79 | -0.45% | Last Updated: Sep 18, 13:50 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Sep 18, 13:50 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 05:00 | JPY | BoJ Monthly Report | | -- | -- | | | 06:00 | EUR | German PPI M/M Aug | 0.50% | 0.10% | -1.50% | | | 06:00 | EUR | German PPI Y/Y Aug | -6.90% | -7.20% | -7.80% | | | 08:00 | EUR | Eurozone Current Account (EUR) Jul | 6.6B | -4.3B | -5.3B | | | 08:30 | GBP | Public Sector Net Borrowing (GBP) Aug | 16.1B | 17.7B | 8.0B | | | 08:30 | GBP | M4 Money Supply M/M Aug P | 0.10% | 0.80% | 1.50% | 1.30% | | 08:30 | GBP | M4 Money Supply Y/Y Aug P | 12.60% | 13.80% | 14.50% | 14.40% | | 12:30 | CAD | Wholesale Sales M/M Jul | 2.80% | 0.70% | 0.60% | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
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