Forex Charts

FX Daily

The result of the first ECB TLTRO will be announced and we expect a fairly low takeof EUR97bn.

Key focus will be tonight’s FOMC meeting. It seems increasingly likely that theFed will change its

Aussie met all of our downside targets now after breaking last week’s bear flag (we took profits on the initial bear flag target at .9134).

The 7 month triangle breakout is now followed by a 2014 breakout and this is all unfolding as an impulsive Elliott wave rally.

The Euro bounce Friday has satisfied minimum requirements for wave-(iv) now that prices have tested near 1.2988;

Main data releases will be German ZEW and UK inflation.

Only tier-2 data on the agenda today. The US Empire survey will give a first clueabout business confidence in September.

The mid 105’s/106 was our major target zone for the post triangle thrust in $JPY.

The wave-(2) consolidation that began from 1.0998 did not reach the 1.0765 zone but

In the US the main event is the release of retail sales for August. After somemoderation in retail sales in the previous month

A light data calendar again. Focus will continue to be on polls in connection with

With a very light data calendar again today, focus will be on the sustainability of theceasefire in eastern Ukraine and