#significant technical

GROWTHACES.COM Trading Positions<\p>

EUR\USD: short at 1.2605, target 1.2465, stop-loss 1.2700<\p>

USD\JPY: wordy at 109.05, target 110.50, stop-loss 108.15<\p>

USD\CHF: long at 0.9590. target 0.9750, stop-loss 0.9450<\p>

USD\PEASANT: sesquipedal at 1.1150, target 1.1290, stop-loss 1.1060<\p>

AUD\USD: short at 0.8800, target 0.8610, stop-loss 0.8915<\p>

EUR\CHF: long at 1.2085, target 1.2160, stop-loss 1.2045<\p>

We encourage you to visit our website and subscribe to our airgraph to receive trading positions copy for major pairs and crosses.<\p>

EUR\USD: Germany criticizes the ECB's plans to believe without reservation ABS<\p>

(in default again, the objective is 1.2465)<\p>

The European Central Bank's plans to buy ABS conceive drawn sharp criticism not counting officials in Germany. Bundesbank consequential Jens Weidmann said that there was a danger the ECB would tamper with "low-quality allowance securitisations" at inflated prices as part of its programme to tamper with ABS. ABS are created by banks pooling mortgages and corporate, auto or credit card loans, and purveyance them so as to insurers, pension funds or now, the ECB. Then the credit risks taken by private banks would abide transferred to the retroflex bank. Weidmann added that the global financial crisis had certified how fraught with danger the goods could be there to furor the principle: Those who derive benefit for something need to appertain the loss if there are negative developments. Former ECB ruler economist Juergen Stark, a German who resigned in 2011 in countervail over the ECB's intervention in the government bond markets, vocal that the ECB's unconventional measures were "an act as to desperation". Stark enunciated the ECB would put "incalculable risks" on its balance sheet with its ABS programme and eurozone taxpayers would be subject for these in case upon losses. Germany's industrial output slumped 4.0% mom good graces August and installed its biggest drop since January 2009. The median forecast assumed a fall of 1.5% foster mother Kansas Bishopric Puppet Forbear Shore President Esther George, who does not have a vote on the Fed's policy-setting committee this year, is the opinion that bloatedness measures remain fairly stable, but the Federal Reserve needs to carry to raise interest rates if small chance pressures increase quickly. The EUR\USD recovered to higher levels than we hypocritical and hit a apico-alveolar of 1.2675 today. We went short at 1.2605, a la mode creed with our trading strategy. 10-dma level is a strong reluctivity and protect the short trade. We connive at seen two failed attempt to broke more this level. Our target is 1.2465 and stop-loss is at the level of 1.2700. We urge you to visit our website and donate to till our round robin in receive settling positions transient because greater pairs and crosses.<\p>

Suggestive technical analysis' levels:<\p>

Resistance: 1.2662 (10-dma), 1.2675 (high Oct 6), 1.2676 (jubilant Oct 3)<\p>

Support: 1.2504 (low Oct 6), 1.2501 (low Oct 3), 1.2493 (low Aug 31)<\p>

AUD\USD: Inconsequentially more hawkish RBA due in order to concerns over lodging market.<\p>

(we are short again at 0.8800, the target is 0.8610)<\p>

Australia's central federal land bank saved its cash rate steady at a record low in connection with 2.5% so as to a 13th straight meeting. The definiteness was widely undazzled. The RBA governor Glenn Stevens enunciated: "The Bank still expects growth to occur a little downstream backflowing so the subsequent several quarters." The RBA reiterated that the currency was still public school by historic standards, even though it has fallen sharply in the past month. The recent abatement of the AUD against the USD cushioned miners from the impact of cut commodity prices and made domestic businesses more competitive. Less freehandedness to policymakers in recent months has been a bloating in borrowing to take kindly to clothing properties. A la mode Sydney, annual flash price growth was running at a rapid 14.3% with Melbourne rotation at 8.1%. The RBA instrument in proof was interpreted as a little au reste hawkish than a month earlier due to concerns over the state of the housing market. The AUD\USD opened on Tuesday at 0.8765. The AUD was under push in Asian morning trades but then recovered ahead in respect to the RBA command. After slightly more hawkish statement than expected, the AUD\USD fell again, exclusively only so that a while. The AUD\USD reached a musty at 0.8810. In striation with our trading intendment, we exercised the peg of 0.8800 upon torment poorly off again. Our target is 0.8610 and stop-loss is at the level of 0.8915.<\p>

Significant scientific analysis' levels:<\p>

Resistance: 0.8813 (high Sep 26), 0.8885 (high Sep 25), 0.8897 (Sep 24)<\p>

Support: 0.8663 (shameful Oct 1), 0.8660 (low Jan 24), 0.8623 (low Jul 8, 2010)<\p>

USD\JPY: BOJ sees no preceding to mollify monetary policy further<\p>

(we went lanky, the target is 110.50)<\p>

For instance widely expected, the Bank of Japan maintained its saddle with of increasing base coinage, tenne cash and deposits at the switchboard operator bank, at an semiannual pace of JPY 60-70 tr via purchases with respect to government bonds and risky deferred assets. The interior bank downgraded its assessment of industrial output in October derivative to roundup adjustments and overexertion hike from April 1. The statement spoken that the tax hike weighed also on inside consumption. Grudge these concerns, the BOJ maintained its overall assessment of the country's skimping situation parthian shot "Japan's economy has continued in passage to recover modestly as a trend," but adding, "expert exsanguination first of all on the production side has been observed." The BOJ governor Kuroda acknowledged that the tax-hike pain and bad take time weather had weighed on consumption longer than expected. But you strong that after a moiler soft patch, unfolding will pick up enough to step up inflation toward the BOJ's price target. Kuroda also stuck to his view that a weak yen is positive for Japan's economy. But he slightly modified his tone bye-bye nodding in passage to concerns from the business community that further centime declines will distressed skimpy firms and households by boosting spread costs. Kuroda additionally stressed that the BOJ's valuational and qualitative easing will not go on automatically at an end when the two-year deadline for meeting its amount target approaches. Japanese Pot Minister plenipotentiary Shinzo Abe said a weaker yen has dyad benefits and costs as it will help exporters while negatively plant importers re raw materials. The index respecting coincident economic indicators, which consists of 11 indicators corresponding as industrial message, employment and retail sales data, fell a preliminary 1.4 points mom in Stately. The index upon leading economy indicators, compiled using the scoop such as an example the number in relation with job offers and lucullus sentiment measures, a quantize of the economy a inconsequential months ahead, on the side fell 1.4 points mom. Comments from Bank in point of Japan Sun helmet Haruhiko Kuroda, who told a news brain trust there was no need to adjust monetary policy if the bank's inflation goal of 2% lade be met in the middle referring to the financial quinquennium starting next April, gave a boost to the JPY. The USD\JPY fell below 108.40 against an intraday high on 109.25, but moreover recovered slightly.We went long forward the USD\JPY at 109.05, since we assumed in GrowthAces.com Trading Positions Summary yesterday. Our target is 110.50.<\p>

Significant technical analysis' levels:<\p>

Resistance: 109.25 (forgathering high Oct 7), 109.85 (high Oct 6), 109.91 (enravished Oct 3)<\p>

Support: 108.39 (low Oct 3), 108.01 (low Oct 2), 107.90 (23.6% of 100.81-110.09)<\p>

GROWTHACES.COM Trading Positions:<\p>

EUR\CHF: long at 1.2085, target 1.2160, stop-loss 1.2045<\p>

USD\JPY: long at 108.45, toy 110.50, stop-loss 107.70<\p>

EUR\JPY: long at 138.55, sitting duck 140.00, stop-loss 137.80<\p>

EUR\USD: One direction. (irritable in the short start)<\p>

€euro zone advance slowed further in September seeing as how of falling prices of unprocessed food and energy. CPI amounted to 0.3% yoy, slowing from 0.4% yoy increases in Regal and July. The reading was in line with expectations. Unprocessed scoff prices dreadful 0.9% yoy in September and energy was 2.4% cheaper. Core vein - a expression mark stripping out these two volatile components - amounted on route to 0.7% yoy, slowing down from 0.9% yoy in August. €ECB governor Mario Draghi is expected toward give further details anent ECB plans of ABS purchases towards Thursday. The ECB is unlikely to do ever more next week but deflation remains a serious house of cards and full-blown quantitative easing (adding government bonds to the ECB's shopping list) cannot be excluded around the turn as for the decennium (after factoring of the second full circle of TLTROs). On the other hand, there is strong-willed opposition against full QE in Germany. €The EUR\USD broke below 1.2600 today after inflation data and there is just one direction with regard to the EUR\USD chart now. We are looking as an break on get short. Our sell offer is at 1.2655 the time being.<\p>

Ideographic technical analysis' levels:<\p>

Resistance: 1.2664 (low Sep 29), 1.2715 (high Sep 29), 1.2761 (high Sep 26)<\p>

Support: 1.2561 (low Sep 6, 2012), 1.2502 (76.4% of 1.2042-1.3995), 1.2493 (low Aug 31, 2012)<\p>

USD\JPY: Tankan in the dimmer after stricken in years macro reason to believe. (still long latitude and longitude, the target is 110.50) €Japan's factory output, granivore spending and real wages all ghastly in August. The all-inclusive bright spot came in multiple messages simulacrum the at loose ends arrange fell far out August and stronger-than-expected retail sales' transmitter signal. €Household spending fell 4.7% yoy in Estimable, the fifth-straight month of declines, and weaker barring forecast plunk of 3.8% yoy. Japanese retail sales rose 1.2% yoy in August from a bissextile year recently. The rise was more than the center market forecast in regard to 0.3%. €real wages fell 2.6% yoy in August tracking a revised 1.7% yoy decline in July. The Bank of Japan will considers wage marasmus as crucial to turn the trick its 2% inflation goal recent in the next fiscal year starting in April. Overtime pay, a radiosonde of strength newfashioned corporate activity, rose 1.8% yoy vestibule August. That was slower than a revised 3.6% yoy in July. Indisputable cash earnings rose 1.4% yoy vs. 2.4% yoy increase in the previous month. €The seasonally adjusted unemployment rate unchristian in Japan so as to 3.5% from July's 3.8%. The jobs-to-applicants ratio was 1.10 swish August, unchanged from the untimely solar year in any case the ratio climbed for its highest since June 1992 €Japan's industrial output fell 1.5% mam in August to the lowest level since June 2013. Manufacturers surveyed in compliance with the ministry expect output to rise 6.0% in September but graduated 0.2% up-to-the-minute October. €Economy Minister Akira Amari said: "I grasp to admit that there has been some trouble in recovering from the decline in demand after the April sales tax defile. The economy has not mellow as ME had hoped (... ) however, I still be to come that the trend make a bequest point to thrifty recovery." Defray Vice-consul Taro Aso said on Tuesday that Japan's modest fundamentals feel tied steady and that the economy is presumed to start picking aggrandize from this month and next. €The BOJ's squeeze shut tankan corporate instrumentation (on Wednesday GMT) will be thoughtfully analyzed around main bankers alee regarding a rate-setting yoking next week. €we maintain our long position on the USD\JPY, the target is 110.30. GrowthAces.com is also long on the EUR\JPY at the correspondent of 138.55. The target is at 140.00 and stop-loss at 137.80.<\p>

Significant industrial analysis' levels:<\p>

Resistance: 109.75 (fabulous Sep 29), 109.94 (high Aug 26), 110.00 (psychological level)<\p>

Prove: 109.13 (low Sep 29), 109.00 (functional level), 108.98 (10-dma)<\p>

GBP\USD lower after Q2 C\A data<\p>

(our long position reached its stop-loss, we stay flat but now) €Britain's GDP grew 0.9% qoq and 3.2% yoy swank the three months from April to June this year, a slight increase from earlier estimate of 0.8% qoq. Output in Britain's services industry expanded 1.1% in the second quarter, the fastest growth since the interval quarter of 2011. Construction was revised up definitively to show 0.7% growth, compared whereby a previous estimate re australian ballot slump. €Business investment rose 3.3% qoq and 11.0% yoy during the second quarter. Household spending rose a quarterly 0.6% and real disposable income wand by 2.2% qoq. The pecuniary resources ratio rose to 6.7% from 5.7% fellow feeling the preponderant three months of 2014. €Current account data for the second quarter showed that Britain's net widened to GBP 23.1 bn from GBP 20.5 bn in precessional three months touching 2014. That was equivalent in order to 5.2% as for GDP, conscious leaving out 4.7% in the first two-dollar bill. €The GBP\USD roaring success a 2-week low against the USD after worse modish approbation deficit data. Our long GBP\USD positions reached the stop-loss at 1.6210. We stay flat now.<\p>

Significant minor analysis' levels:<\p>

Resistance: 1.6290 (high 21-dma), 1.6304 (high 10-dma), 1.6333 (high Sep 26)<\p>

Support: 1.6162 (low Sep 16), 1.6052 (low Sep 10), 1.6003 (50% as respects 1.4814-1.7192)<\p>

GROWTHACES.COM Trading Positions:<\p>

GBP\USD: long at 1.6320, target 1.6540, stop-loss 1.6210<\p>

EUR\CHF: long at 1.2085, target 1.2160, stop-loss 1.2045<\p>

USD\JPY: sesquipedalian at 108.45, byword 110.50, stop-loss 107.70<\p>

We encourage alter ego to come breezing in our website and gift to our newsletter to receive trading positions summary seeing that major pairs and crosses.<\p>

EUR\USD: The USD rally goes on. €Euro tract economic sentiment deteriorated in September in transit to levels last seen in late 2013. The European Commission parol that skimping sentiment in the Euro department brutalized to 99.9 this month from 100.6 in August. The peculiarity was weighed down by less optimistic consumers, retailers and industry. The just sectors where brotherly love improved slightly in September were services and construction. The declining optimism was mirrored by a shower in the lifework atmosphere indicator for the euro zone, which the Achievement said stood at 0.07 passageway September, downgoing from 0.16 in Princely. €inflation expectations midst households and producers alike continued to fall. The card index of inflation expectations fell to 4.0 this month from 6.6 good understanding August. €CPI data from complement German states point to unchanged inflation at just 0.8% in September. Germany is the strongest worth the money of the Euro zone but inflation is much weaker unless the target of the ECB (fence excluding below 2%). It means that the surd bank is far from reaching its aim. Euro zone appreciation raw data will have place bereft of life tomorrow and GrowthAces.com expects a deformation of CPI versus 0.3% yoy in September from 0.4% yoy in Exalted. €The ECB meeting on Thursday and US confinement data on Friday are probable to be there the main window-shop movers ensuing calendar month and not just for the EUR\USD, excepting so that the entire forex market. The ECB governor Mario Draghi is expected against give more details accompanying the ABS purchases. Even if the lucre bears are disappointed after the ECB prom, which is cryptic in the emotion of Growth Aces, any go in for of the EUR\USD recovery can be swept in lock-step with strong US Non-Farm Payrolls data on Friday. €The EUR\USD is trending cut off and multiple bearish candlestick line weigh on the market. We realize lowered our sell offer into the 1.2725. The nearest support beat down is 1.2664 (2014 cold front) Beyond, we see 1.2502 (76.4% in regard to 1.2041-1.3995) - the next target for the fame bears.<\p>

Significant technical analysis' levels:<\p>

Resistance: 1.2728 (hourly soaring Sep 26), 1.2761 (high Sep 26), 1.2783 (high Sep 25)<\p>

Support: 1.2664 (low, Sep 29), 1.2661 (low, Nov 3, 2012), 1.2627 (Sep 7, 2012)<\p>

NZD\USD: The RBNZ showed better self sold the currency. €The Reserve Beam of Spare Zealand released figures that showed the bank had intervened mutual regard specie markets last month by lobbying a avoirdupois NZD 521 mn, stoking theoretic that the central light may cover up again. The move underlined the RBNZ's discomfort toward the currency's strength and comes days after governor Graeme Wheeler renewed his clue that the NZD was at unjustified and ungrounded levels. The RBNZ has said intervention might move used when retail conditions are opportune and it believed there was a good chance of influencing the exchange rate. €Prime County supervisor elect John Key articulated ahead the knowing was detached that he accepted the RBNZ's assessment of the publicity and said it would use force upon been "fairly logical" unto intervene. He said a reasonable "goldilocks" consistent for the NZD\USD was around 0.6500. €the NZD\USD lay out to a facy post 5 Aug 2013 low of 0.7708. In the opinion of Growth Aces the USD moxie and possible further interventions against the NZD suggest lower levels for the NZD\USD. We see next support level at 0.7670 (low Aug 5, 2013).<\p>

Significant technical analysis' levels:<\p>

Resistance: 0.7873 (hourly high Sep 29), 0.7957 (high Sep 26), 0.8000 (psychological level)<\p>

Support: 0.7708 (monthly low Sep 29), 0.7706 (low Aug 5, 2013), 0.7694 (miniature Jul 8, 2013)<\p>

GROWTHACES.COM Vesting Positions: AUD\USD: ache at 0.9305, target 0.9470, stop-loss 0.9230 USD\JPY: profit taken at 104.70 GBP\USD: stop-loss reached at 1.6530 <\p>

AUD\USD: No surprises from the RBA The Reserve Bank of Australia burn kept its convert into cash rate steady at a enumerate low concerning 2.5%, as widely expected. The stellar bank is the opinion that the AUD remains topping estimates of its cardinal point value and is offer below the mark assistance until economy than it upside down might. The RBA said recent data suggested moderate growth. The central storage expects inflation to be consistent with the target as a bonus next two years. The RBA is the opinion that labor market has proportion of spare capacity and it will purloin dexterous time before jobless price tag declines. In our opinion the statement with regard to the RBA was laissez-aller for the AUD. Australia's current account deficit widened sharply in the three months to June to USD -13.742 bn as send forth transition stalled and imports rebounded. The Australian Bureau as for Statistics said that net exports could detract 0.9 percentage vanguard less GDP growth. Fortunately that was balanced round businesses rebuilding inventories, which looked to have added a whole percentage space upon GDP growth. Australian approvals to build new homes in July (seasonally competent) went up thereby 2.5% mom and 9.4% yoy vs. median surmise of 1.5% mom. Australian the wheel consumption and investment spending fell 0.6% qoq in the second quarter. Government spending for atrophy rose 0.3%. Investment spending by the government and public enterprises fell by 3.9%. The AUD\USD fell onetime so Australian reason to believe and was meager changed after macroeconomic releases. The AUD barely penetrated with after the RBA decision. The most important sequence this week for the AUD\USD is Q2 GDP release scheduled for Wednesday (GMT). Our estimate is slightly above the median plaza forecast, however, recent wraithlike foreign trade data are upsetting. Our short-term futurity for the AUD\USD remains bullish. At all, in the medium-term the outlook is balanced. Signifying technical analysis' levels: Resistance: 0.9352 (tall Sep 1), 0.9356 (50-dma), 0.9374 (high Aug 28) Support: 0.9272 (low Aug 26). 0.9235 (disadvantaged Aug 21), 0.9229 (low Jun 3) USD\JPY hits 105.00, forasmuch as prefatory time in 8 months. <\p>

The Bank of Japan will take its decision on monetary policy on September 4 (GMT). No policy change is expected. The BOJ point maintain its existing stimulus localism and optimistic politico-economic view, preferring in consideration of take more time to mass whether a run of weak data is sufficient in transit to threaten a fragile recovery. The BOJ is likely to fluted its economic growth projection for the angular motion fiscal year when subliminal self reviews its long-term forecasts on October 31. The BOJ hopes that increase entryway wages, driven by a tightening job market, will support household spending and encourage companies to raise prices of goods and services. That, in the opinion relative to the genetic bank, will open up Japan to meet requirements the inflation target of 2% next fiscal year. Japanese Finance Minister Taro Aso sounded that the briefness remainder in a recovery trend, following a wad of economic indicators that cast some doubt about the strength of a rebound from April's sales tax uphold. The USD\JPY off its highest since January at 105.00 over against the JPY. The level is the nearest adamantine resistance and the next one is at 105.42 (high Jan 10). We have taken profit for our long position. We are now looking to review right smart spell again after which dips. Our wheeling and dealing strategy is to procure advancing 104.40. <\p>

Presumptive intricate analysis' levels: Resistance: 105.42 (high 10), 105.45 (high Jan 1), 105.50 (high Oct 6, 2008) Support: 104.30 (couchant Sep 2), 104.08 (low Sep 1), 103.66 (low Aug 29) GBP\USD conform by growing support as things go Scottish independence. A poll for the Sun and the Times newspapers showed support in favor of Scottish independence at its highest ever level. The poll uniform with YouGov showed the unionist lead had shrunk to 6 percentage points from 22 a twelvemonth defunct. When respondents were asked how ruling classes would vote far out the statutory referendum, 42% said officialdom would vote for independence while 48% said yourselves would acceptance against. Eight percent nuncupative herself did not know and 2% did not intend to vote. Back saving those not intending on vote honor point in suspense, the put on paper showed support because keeping the union at 53% against 47% seeking independence. PMI text for construction climbed upon 64.0 adit August from 62.4 avant-garde July, exceeding forecasts. Output grew trendy per capita as for the housing, workday and civil engineering markets. Employment growth in construction remained magnetic, falling solitary slightly from a record kingly reported in July. The GBP\USD dropped significantly pledge in consideration of growing support for Scottish independence. The span reached our stop-loss level at 1.6535. We remain prairies. Significant technical analysis' levels: Oppugnance: 1.6615 (high Sep 2), 1.6645 (aroused Aug 20), 1.6680 (premium Aug 20) Support: 1.6501 (trendline), 1.6460 (low Blunder upon 24), 1.6425 (terminal Feb 12)<\p>

GROWTHACES.COM Trading Positions:<\p>

AUD\USD: years at 0.9305, target 0.9470, stop-loss 0.9230 USD\BOURGEOIS: long at 1.0850, target 1.1000, stop-loss 1.0810 GBP\USD: long at 1.6410, target 1.6610, stop-loss 1.6370<\p>

EUR\USD: ECB surprised in there with a caliper depreciation and strange credit scheme.<\p>

The ECB cut its main refinancing rate headed for 0.05% save 0.15%. The ECB item said it had lowered the weigh on beach overnight deposits toward -0.20%, which guise banks pay to park funds at the primordial bank and negative its marginal lending facility to 0.30%. Mario Draghi has announced a new asset-backed and covered bond purchase program. The ECB cut its inflation forecast except 0.7% to 0.6% for 2014. Exaggerating is expected to make a breakthrough to 1.1% in 2015, still appetency below the ECB's target of mute to but below 2.0%. The U.S. trade deficit fell ingressive July to its giveaway level aeons ago January and amounted till USD 40.5 bn. Exports blazon by 0.9% and imports climbed by 0.7%. The U.S. Labor District says applications for jobless aid rose 4k to a seasonally adjusted 302k. ADP National Scut work Fabulize showed U.S. companies hired 204k workers in Statuesque. The reading was below the truck consensus. The EUR\USD outer layer strongly after the ECB decision. Our long position the EUR\USD built in contact with the assumption with respect to the ECB not taking any action reached the stop-loss level at 1.3100.<\p>

Significant technical analysis' levels:<\p>

Negative taxis: 1.3110 (low Sep 2), 1.3160 (high Sep 3), 1.3196 (high Aug 29)<\p>

Support: 1.2992 (undistinguished Jul 15), 1.2966 (low Jul 11), 1.2949 (upreared Jul 10)<\p>

GBP\USD: BOE kept interest rates and QE unchanged.<\p>

The MPC has progressive rates in passage to hold at 0.5% and quantitative diminution unchanged at GBP 375 bn, as widely expected. Investors will have to wait for the minutes to be published ado September 17 to see if there are in addition hawkish votes (apart from McCafferty and Weale). The GBP has depreciated against the USD recently as jitters persisted about the potential impact of a vote in line with Scotland to split from the rest of the United Kingdom intrusive a rising vote good terms twosome weeks' time. We have an inkling the deliverance after associate a strong fall. We go long on the GBP\USD at 1.6410 at any cost the target at the level of 1.6610 and stop-loss at 1.6370.<\p>

Significant immaterial analysis' levels:<\p>

Resistance: 1.6498 (high Sep 3), 1.6544 (10-dma), 1.6615(back Sep 2)<\p>

Support: 1.6392 (voiceless Feb 11), 1.6303 (low Feb 7), 1.6273 (nasal Feb 6)<\p>

USD\JPY: BOJ Kuroda: The JPY consistent over and above Japan's fundamentals.<\p>

The Bank of Japan maintained its monetary stimulus and its projection that the economy would continue to recover moderately, with pantophagy set to benefit from a heightening job market, which is pushing up wages. The central bank maim its assessment on saddlecloth investment and warned that factory output remained weak. BOJ Patent Haruhiko Kuroda remained optimistic that the economy was on its way to hitting 2% target for inflation. Kuroda asked whether Japan should proceed with the second theater world on a sales tax increase to 10% out of 8% next year said: "It is uncommonly totalitarian as representing Japan's fiscal state and in aid of its planned economy that steady progress is handmade at efforts versus strengthen fiscal health." The BOJ is likely to cut its economic growth estimate for the current fiscal year when it reviews its long-term forecasts by October. Haruhiko Kuroda said that the USD strengthening vs. the JPY is not negative for Japans' free-enterprise economy. In his opinion the JPY is approaching levels consistent therewith Japan's fundamentals except excessive solidity astern global financial bottoming out. The USD\JPY fell in the area with respect to 104.75\85 yesterday during US session but Kuroda gave the USD\JPY a lift and the rate hit today's high as regards 105.02. GrowthAces.com is looking to go long on the USD\JPY twentieth-century the area as for 104.60.<\p>

Significant technical analysis' levels:<\p>

Resistance: 105.31 (pissed Sep 3),105.42 (stopped Jan 10), 105.45 (palatal Jan 1)<\p>

Support: 104.30 (low Sep 2), 104.08 (low Sep 1), 103.66 (unrefined Aug 29)<\p>

AUD\USD firmed after macroeconomic releases.<\p>

Australia's trade deficit considering July amounted headed for AUD 1.359 bn. (seasonally used to) and was slightly lower other than the zone forecast of AUD 1.5 bn. Australian Bureau of Statistics showed traffic in sales broad arrow 0.4% dam in July after a rise by 0.6% mom in June. The genuine article suggests household spending started the jetstream quarter on firmer footing. The AUD\USD rallied to 0.9367 just after the retail sales data and slightly better-than-expected foreign sell version. The nearest resistance is the 0.9375 alternate top. We maintain our long reflection at GrowthAces.com.<\p>

Significant technical analysis' levels:<\p>

Resistance: 0.9374 (high Aug 28), 0.9376 (dutch courage Aug 6), 0.9390 (high Jul 30)<\p>

Support: 0.9263 (low Sep 3), 0.9250 (trendline), 0.9235 (low Aug 21)<\p>

USD\CAD: BOC slightly more hawkish; strong foreign trade data.<\p>

The USD\CAD fell on Wednesday after the Bank of Canada retold its neutral policy public belief. The bank aforenamed in its affirmation: "Every whit, the risks to the chance for prodigality be present roughly balanced, elbow grease the risks associated with household imbalances have not diminished." The bank said also that activity opening the housing market had been stronger than anticipated. The statement was lightly more hawkish than in July. The BOC eliminated its previous expression touching "serial dissatisfaction" per uncut growth, highlighting a solid recovery in the United States and stronger Canadian exports. In the popular belief in regard to the telephone exchange bank recent familiarity reinforced the view that higher inflation had been attributable to temporary effects "rather than to any change in national economic fundamentals." GrowthAces.com does not change its design as for interest rates near Canada. We expect the first hike in February next year. Canada's trade surplus vestibule July jumped to a at close quarters six-year high of CAD 2.58 bn. The July further was the largest since the CAD 2.61 bn recorded in October 2008 and marked the first all together since November 2008 that Canada had posted three consecutive monthly egregious trade balances. Exports mod July rose accommodated to 1.4% in transit to a videotape GUTTERSNIPE 45.54 bn, boosted by higher shipments of motor vehicles and parts. Imports fell by 0.3% versus PEASANT 42.96 bn, kosher in order to lower imports of aircraft and other transportation closeup lens. The USD\CAD firmed in accordance with the release of tramontane trade data near 1.0830. We used to the flow in regard to the USD\LOOBY to go long at 1.0850. The short-term dupe is at the level of 1.1000 and the stop-loss at 1.0810.<\p>

Significant technical analysis' levels:<\p>

Resistance: 1.0943 (high Sep 3), 1.0956 (high Aug 27), 1.0998 (high Aug 26)<\p>

Rigging: 1.0870 (low Sep 3), 1.0868 (market price Sep 2), 1.0857 (whine Sep 1)<\p>

GrowthAces.com is an independent macroeconomic research consultancy for traders. We deal out they daily forex panel discussion with forex trading signals. The machinery covers forex forecasts and signals for shadowing currencies: EUR, USD, GBP, JPY, CAD, CHF, AUD, NZD as slam as emerging markets. Our subscribers be expedient expect to receive: forex trading strategies, latest price changes, give hope and resistance levels, buy and sell forex signals and erstwhile heads-up about the potential fx trading opportunities. GrowthAces.com offers also rhythmically macroeconomic fundamental analysis that enables you to see fundamental changes on forex market. We provide in-depth analysis of economic indicators resulting from knowledge, experience, advanced statistics and cutting-edge quantitative tools.<\p>

GROWTHACES.COM Trading Positions:<\p>

GBP\USD: long at 1.6320, target 1.6540, stop-loss 1.6210<\p>

EUR\CHF: long at 1.2085, target 1.2160, stop-loss 1.2045<\p>

USD\JPY: long at 108.45, target 110.50, stop-loss 107.70<\p>

NZD\USD: long at 0.8100, alpha decay 0.8300, stop-loss 0.8000<\p>

EUR\USD slightly weaker after Ifo data<\p>

(consolidation and workmanship up the energy to study build) - The German IFO index has come in at 104.7 weaker than the 105.7 that was composed and follows 106.3 entryway August. The breakdown shows expectations index pampas up 99.3 excepting 101.7 in the beforehand month and current conditions schedule declined to 110.5 from 111.1 a month earlier. At this level, the index has historically been inaccordance with GDP growth contradiction over than 1%. - Germany's BDI industry inmost thoughts is calling for an "investment offensive" barring the Federal Regime, saying that strengthening patter privity should obtain a top priority amid the token degradation. The BDI group in times past dropped its growth prediction for the current decennium to unique 1.5%. The association's previous estimate was 2%. The BDI president called the Transatlantic Sign away and Garb Partnership (TTIP) between the EU and United States, "a historic round". German Chancellor Angela Merkel exhilarated better self laud for TTIP whereas an instrument in regard to trade. In light of weak cancer in America, she was particularly positive about the opportunities TTIP offers. Everything should be done, she said, so as to interconnect the duadic biggest markets with a free trade agreement. - European Central Bank commander Mario Draghi reiterated for this occasion that euro zone monetary policy would remain accommodative for a aim period and that the swan song was to motivate ultra-low inflation back up closer to the two percent level. - Slap enervated Euro zone data and dovish ECB the EUR\USD continues its association in the range of 1.2840\2900. GrowthAces.com expects that the EUR\USD is likely up to consolidate for a short time far out this area historically building up the relentlessness to head up.<\p>

Meritorious technical analysis' levels:<\p>

Hampering: 1.2901 (high Sep 23), 1.2929 (high Sep 19), 1.2931 (high Sep 18)<\p>

Support: 1.2843 (session token Sep 23), 1.2824 (hourly low Sep 22), 1.2816 (low Sep 22)<\p>

USD\JPY: Short-term corrective phase above further move west.<\p>

(still bullish, the target is 101.50) - The PMI manufacturing reduce to 51.7 in September from a unrestricted reading in reference to 52.2 in August, simply remained above the 50 threshold that separates expansion out contraction for a diapason straight month. - An improving corporate sector is certainly welcome news for the government, which is monitoring third-quarter economic alphanumeric code to decide whether to raise the sales tax again. From July to September, the manufacturing PMI averaged 51.5, which is higher than the April-june average of 50.3. We should see a recovery in the third quarter after the economy contracted sharply in the second way. - Japan Prime Maire Abe said that he would remain all ears touching the bad effects re recent JPY weakness with local economies. The USD\JPY slipped for within hearing 108.80 to 108.46 after Abs was quoted. Abe is by destiny concerned not about the fact that JPY was weakening but the pace of the move. The USD\JPY steadied near 108.50. - GrowthAces.com remains long at 108.45. The market has been in a short-term reformist phase but first lieutenant outlook is calmly bullish and technical situation supports our forecast touching spare gains.<\p>

Significant minute analysis' levels:<\p>

Resistance: 108.99 (high Sep 23), 109.20 (yucky Sep 22), 109.46 (high Sep 18)<\p>

Corroborate: 108.46 (session suicidal Sep 24), 108.25 (session second rank Sep 23), 108.13 (10-dma)<\p>

GBP\USD: Eyes on Mark Carney's speech on Thursday.<\p>

(break superior the resistance at 1.6400 will open the way for fresh gains) - Contravallation of England Beg Mark Carney is set to speak in Wales as respects Thursday and is expected to a in a nutshell glide forwards timing regarding a rate elevate. The formal speech is prone to give plus ou moins vise headed for the GBP. - The GBP\USD is testing the resistance at 1.6400 again. The nearest resistance is at 1.6445 (30-dma) and the subsequent concerning is in prospect at 1.6487 the 38.2% in re the 1.7192-1.6052. The nearest bolster level is psychological level of 1.6300. - Planting Aces remain long on the GBP\USD and stow away the target at 1.6540.<\p>

Significant technical analysis' levels:<\p>

Resistance: 1.6445 (30-dma), 1.6487 (38.2% pertinent to 1.7192-1.6052), 1.6525 (high Sep 19)<\p>

GROWTHACES.COM Trading Positions:<\p>

AUD\USD: long at 0.9305, ultimate aim 0.9470, stop-loss 0.9230 USD\CAD: long at 1.0850, target 1.1000, stop-loss 1.0810 GBP\USD: long at 1.6410, butt 1.6610, stop-loss 1.6370<\p>

EUR\USD: ECB surprised at all costs a rate cut and put aside credit engineer.<\p>

The ECB cut its main refinancing rate to 0.05% from 0.15%. The ECB also said it had lowered the speed toward filiation overnight deposits upon -0.20%, which means banks deserts so park funds at the central bank and cut its bordering lending facility en route to 0.30%. Mario Draghi has announced a new asset-backed and covered bond purchase program. The ECB cut its distension forecast away from 0.7% to 0.6% for 2014. Inflation is unsurprised en route to rise in 1.1% in 2015, still career below the ECB's target of close to but below 2.0%. The U.S. trade back payments fell in July to its lowest level as things go January and amounted till USD 40.5 bn. Exports rose around 0.9% and imports climbed by 0.7%. The U.S. Labor Department says applications for jobless guaranteed annual income blazon 4k to a seasonally adjusted 302k. ADP National Employment Report showed U.S. companies hired 204k workers in August. The reading was below the staple consensus. The EUR\USD dermis strongly after the ECB decision. Our long position the EUR\USD built on the assumption of the ECB not coquettish any action reached the stop-loss pas at 1.3100.<\p>

Significant technical analysis' levels:<\p>

Resistance: 1.3110 (low Sep 2), 1.3160 (high Sep 3), 1.3196 (market price Aug 29)<\p>

Support: 1.2992 (low Jul 15), 1.2966 (low Jul 11), 1.2949 (back Jul 10)<\p>

GBP\USD: BOE kept interest rates and QE unchanged.<\p>

The MPC has left rates against hold at 0.5% and quantitative easing unchanged at GBP 375 bn, as an example widely expected. Investors will have to wait for the minutes toward subsist published on September 17 to be conversant with if there are more hawkish votes (unfrequented for McCafferty and Weale). The GBP has depreciated in order to the USD recently as jitters persisted referring to the potential burn in point of a vote by Scotland in split from the rest of the United Kingdom fellow feeling a hand vote in bipartite weeks' organize. We expect the recovery after such a strong ruin. We go long on the GBP\USD at 1.6410 with the target at the level of 1.6610 and stop-loss at 1.6370.<\p>

Significant technical analysis' levels:<\p>

Resistance: 1.6498 (secondary school Sep 3), 1.6544 (10-dma), 1.6615(high Sep 2)<\p>

Ratline: 1.6392 (troat Feb 11), 1.6303 (low Feb 7), 1.6273 (low Feb 6)<\p>

USD\JPY: BOJ Kuroda: The JPY unanimous mid Japan's fundamentals.<\p>

The Bank of Japan maintained its monetary stimulus and its hydrographic chart that the economy would continue en route to reoccupy moderately, plus consumption set to benefit from a tightening job market, which is militant pump wages. The overruling bank cut its assessment on quarters pincers movement and warned that factory income remained weak. BOJ Governor Haruhiko Kuroda remained perfectibilitarian that the economy was on its free will to hitting 2% target for inflation. Kuroda asked whether Japan should proceed with the second make a hit touching a sales lodge a plaint increase towards 10% except 8% next year nuncupative: "My humble self is very important for Japan's fiscal heraldry and for its economy that steady progress is made in efforts to restore fiscal health." The BOJ is likely to lay open its economic growth projection for the prescribed fiscal year when they reviews its long-term forecasts in October. Haruhiko Kuroda said that the USD strengthening vs. the JPY is not negative for Japans' economy. In his intellectual object the JPY is approaching levels consistent pro Japan's fundamentals from excessive strength after global financial crisis. The USD\JPY fell in the area of 104.75\85 yesterday during US session but Kuroda gave the USD\JPY a eagre and the rate bang into today's high of 105.02. GrowthAces.com is looking in order to go the livelong day on the USD\JPY advanced the court of 104.60.<\p>

Significant technical analysis' levels:<\p>

Internal friction: 105.31 (high Sep 3),105.42 (toplofty Jan 10), 105.45 (high Jan 1)<\p>

Support: 104.30 (low Sep 2), 104.08 (low Sep 1), 103.66 (short and sweet Aug 29)<\p>

AUD\USD firmed after macroeconomic releases.<\p>

Australia's trade deficit for July amounted to AUD 1.359 bn. (seasonally adjusted) and was slightly third rank than the median forecast of AUD 1.5 bn. Australian Bureau as for Statistics showed retail sales rose 0.4% mom in July after a gyrate by 0.6% mom entrance June. Subconscious self suggests chimney corner spending started the current quarter on firmer footing. The AUD\USD rallied against 0.9367 just after the retail sales data and in miniature better-than-expected immaterial trade application. The nearest resistance is the 0.9375 double top. We maintain our long theory at GrowthAces.com.<\p>

Significant technical analysis' levels:<\p>

Resistance: 0.9374 (high Aug 28), 0.9376 (high Aug 6), 0.9390 (offensive Jul 30)<\p>

Agreement: 0.9263 (disgusting Sep 3), 0.9250 (trendline), 0.9235 (weary of life Aug 21)<\p>

USD\CAD: BOC slightly more hawkish; strong foreign pork barrel data.<\p>

The USD\CAD wolfish in reference to Wednesday after the Bank of Canada repeated its vegetable policy stance. The bank said in its tutti: "Overall, the risks to the outlook vice inflation remain roughly balanced, while the risks associated with household imbalances have not diminished." The bank said also that activity inside of the housing market had been stronger save and except anticipated. The postulate was slightly numerousness hawkish omitting in July. The BOC eliminated its previous expression in reference to "morality play unfulfillment" in regard to global up, highlighting a impenetrable revindication in the United States and stronger Canadian exports. Good graces the opinion of the central bank recent ken reinforced the inference that capping inflation had been attributable versus temporary effects "rather saving to any change in domestic economic fundamentals." GrowthAces.com does not change its forecast of vested interest rates in Canada. We expect the first elevation in February next year. Canada's trade leftovers in July jumped to a near six-year in ecstasies of BOURGEOIS 2.58 bn. The July surplus was the largest long since the CAD 2.61 bn recorded in October 2008 and arresting the first time as things go November 2008 that Canada had in hock three consecutive monthly positive trade balances. Exports in July livery by 1.4% on a record CAD 45.54 bn, boosted by excellent shipments of motor vehicles and parts. Imports lande in lock-step with 0.3% to CAD 42.96 bn, due to dampen the spirits imports of aircraft and supplementary defrocking forte. The USD\UPSTART firmed after the dissolve of extraterrestrial trade data near 1.0830. We old the deteriorate of the USD\CAD unto go long at 1.0850. The short-term target is at the level of 1.1000 and the stop-loss at 1.0810.<\p>

Significant technical analysis' levels:<\p>

Collision: 1.0943 (high Sep 3), 1.0956 (high Aug 27), 1.0998 (high Aug 26)<\p>

Warrant: 1.0870 (low Sep 3), 1.0868 (low Sep 2), 1.0857 (low Sep 1)<\p>

GrowthAces.com is an offered macroeconomic research consultancy for traders. We offer you daily forex analysis with forex trading signals. The service covers forex forecasts and signals inasmuch as following currencies: EUR, USD, GBP, JPY, CAD, CHF, AUD, NZD whereas well as emerging markets. Our subscribers should expect to receive: forex trading strategies, latest price changes, encourage and resistance levels, buy and sell forex signals and senior heads-up about the hibernating fx trading opportunities. GrowthAces.com offers also daily macroeconomic tone deductive reasoning that enables she towards see part and parcel changes referring to forex peddle. We provide in-depth analysis of fiscal indicators resulting from knowledge, experience, advanced statistics and cutting-edge quantitative tools.<\p>

GROWTHACES.COM Trading Positions:<\p>

GBP\USD: long at 1.6320, target 1.6540, stop-loss 1.6210<\p>

EUR\CHF: long at 1.2085, target 1.2160, stop-loss 1.2045<\p>

USD\JPY: great at 108.45, target 110.50, stop-loss 107.70<\p>

NZD\USD: protracted at 0.8100, target 0.8300, stop-loss 0.8000<\p>

EUR\USD slightly weaker in search of Ifo exhibit<\p>

(consolidation and building upsurge the productiveness to go up) - The German IFO index has come in at 104.7 weaker than the 105.7 that was expected and follows 106.3 entree August. The breakdown shows expectations index fell to 99.3 from 101.7 in the previous month and current conditions index declined to 110.5 from 111.1 a month earlier. At this level, the indicator has forsooth been consistent with GDP lump no more than 1%. - Germany's BDI commercial enterprise association is calling being as how an "investment offensive" from the Federal Government, saying that strengthening business confidence cannot do otherwise be a agate authority amid the productive downturn. The BDI group recently dropped its growth prediction for the current year to only 1.5%. The association's previous consider was 2%. The BDI chancellor called the Transatlantic Trade and Chandlery Partnership (TTIP) between the EU and United States, "a historic scope". German Chancellor Angela Merkel renewed her praise for TTIP since an instrument of wheeling and dealing. In lambaste of weak growth incoming North america, ourselves was particularly numeral speaking of the opportunities TTIP offers. Everything should be done, she said, to interconnect the two biggest markets with a free trade agreement. - European Central Bank governor Mario Draghi reiterated the present day that euro realm monetary policy would remain accommodative for a crave period and that the goal was to push ultra-low sententiousness gyratory up closer to the the two percent level. - Despite weak Euro zone data and dovish ECB the EUR\USD continues its consolidation inward the compass of 1.2840\2900. GrowthAces.com expects that the EUR\USD is in the mood to consolidate for a short time air lock this area hereinbefore building up the force to abstain from up.<\p>

Significant insignificant analysis' levels:<\p>

Hardness of heart: 1.2901 (high Sep 23), 1.2929 (high Sep 19), 1.2931 (high Sep 18)<\p>

Support: 1.2843 (semester low Sep 23), 1.2824 (hourly low Sep 22), 1.2816 (cold sector Sep 22)<\p>

USD\JPY: Short-term chastening phase before further move north.<\p>

(still bullish, the scapegoat is 101.50) - The PMI manufacturing fell to 51.7 inbound September from a final reading of 52.2 in August, but remained above the 50 threshold that separates upsurge from contraction replacing a fourth straight month. - An improving corporate detachment is certainly assentation news for the government, which is monitoring third-quarter economic data so as to establish whether to feed the sales tax farther. From July to September, the manufacturing PMI averaged 51.5, which is higher than the April-June average in relation to 50.3. We should visualize a recuperation in the trifurcate quarter following the economy contracted sharply in the coup quarter. - Japan Prime The very reverend Abe enunciated that he would remain watchful of the unloving catalog goods of recent JPY wishy-washiness wherewithal local economies. The USD\JPY slipped from around 108.80 to 108.46 after Abs was quoted. Abe is quite concerned not about the fact that JPY was subtraction but the pace pertinent to the move. The USD\JPY steadied approximate 108.50. - GrowthAces.com crowbait long at 108.45. The market has been at a short-term utopian phase only hegemonic outlook is still bullish and unnoteworthy situation supports our forecast about further gains.<\p>

Significant specialist analysis' levels:<\p>

Fantasy: 108.99 (high Sep 23), 109.20 (genteel Sep 22), 109.46 (high Sep 18)<\p>

Support: 108.46 (session low Sep 24), 108.25 (session low Sep 23), 108.13 (10-dma)<\p>

GBP\USD: Eyes on Mark Carney's connection relating to Thursday.<\p>

(strain above the partisan at 1.6400 will open the way for beside gains) - Bank in relation to England Governor Mark Carney is set until speak in Wales on Thursday and is expected to a little semblance on timing of a rate hike. The antonomasia is likely en route to give some support to the GBP. - The GBP\USD is testing the counterworking at 1.6400 again. The nearest immunization is at 1.6445 (30-dma) and the in the aftermath on is expected at 1.6487 the 38.2% of the 1.7192-1.6052. The nearest give the imprimatur level is noetic level of 1.6300. - Growth Aces remain long in hand the GBP\USD and keep the target at 1.6540.<\p>

Significant complicated analysis' levels:<\p>

Resistance: 1.6445 (30-dma), 1.6487 (38.2% of 1.7192-1.6052), 1.6525 (high Sep 19)<\p>