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Aug 21 08:13 GMT

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Daily Report: Dollar Extended Rally on Hawkish Fed Minutes
Aug 21 06:03 GMT, by ActionForex.com
Dollar surged broadly as Fed delivered more hawkish than expected FOMC minutes overnight. The FOMC minutes for the July meeting unveiled that policymakers had detailed discussion of the exit strategy. The Fed has also planned to officially update their exit principles later this year. We expect to see the update in September. On the economic outlo...

Technical Outlook

GBP/JPY Daily Outlook
With 172.57 resistance intact, deeper decline is still expected in GBP/JPY for 169.53 key support level. Current develo... - Aug 21 07:10 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. With 138.02 resistance intact, deeper decline is mildly in fav... - Aug 21 07:08 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. Another rise is still expected with 0.7920 minor support intac... - Aug 21 06:52 GMT
EUR/AUD Daily Outlook
The breach of 1.4271 minor support suggests that the recovery from 1.4197 is completed at 1.4477. Intraday bias is mild... - Aug 21 06:51 GMT

Special Reports

FOMC Minutes Appeared Hawkish As Members Discussed Exit Principles In Details
Aug 21 04:58 GMT
The FOMC minutes for the July meeting unveiled that policymakers had detailed d...
BOE Split, Two Members Opted to Hike Rate in August
Aug 20 11:05 GMT
Surprisingly, two MPC members voted for raising the BOE’s Bank rate to 0.75% fr...
RBA Saw Uncertainties in Economy, Left Interest Rates Low for Some Time
Aug 19 05:31 GMT
The RBA minutes for the August meeting confirmed the central bank's guidance th...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: EUR/USD - Sell at 1.3320
As the single currency has recovered after intra-day initial fall to 1.3242, suggesting minor consolidation would be seen and cor... - Aug 21 08:06 GMT
Trade Idea: USD/JPY - Buy at 103.15
The greenback has continued to move higher after breaking above previous resistance at 103.09 (now turned into support) and outlo... - Aug 21 07:59 GMT
Trade Idea Wrap-up: USD/CHF - Buy at 0.9080
As the greenback has continued to trade with a firm bias after breaking above previous resistance at 0.9115, adding credence to o... - Aug 20 15:55 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Cable's intra-day rebound after MPC vote outcome suggests consolidation above intra-day low of 1.6602 would be seen, above intra-... - Aug 20 15:50 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has retreated after meeting resistance at 0.8515 last week... - Aug 20 07:32 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar only bounced to 0.9345 (we recommended to sell at ... - Aug 20 07:28 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Despite falling to 1.6658 late last week, the British pound opened higher ... - Aug 19 07:00 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite yesterday's rebound to 0.8028, as the single currency has retreated again after holding below last week's high of 0.8036,... - Aug 20 14:59 GMT
Trade Idea: USD/CAD - Buy at 1.0900
As the rebound from last week's low at 1.0860 gathered momentum, adding credence to our view that pullback from 1.0986 has ended ... - Aug 20 14:55 GMT
Trade Idea: EUR/JPY - Buy at 136.50
Euro's near term sideways trading is likely to continue, however, reckon downside would be limited to 136.40-50 and bring anoth... - Aug 20 09:49 GMT
Trade Idea: AUD/USD - Sell at 0.9310
Despite yesterday's rise to 0.9345, the subsequent retreat suggests the rebound from 0.9239 has ended there and consolidation w... - Aug 20 09:46 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie's rebound from 0.9239 suggests consolidation above th... - Aug 20 11:25 GMT
EUR/CAD Elliott Wave Analysis
The single currency only bounced to 1.4734 earlier this month before ... - Aug 20 11:19 GMT
GBP/USD Elliott Wave Analysis
Last week's breach of previous support at 1.6660 adds credence to our... - Aug 19 08:58 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 21 08:05 GMT

Action Bias

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

China's Flash Manufacturing PMI Falls
Aug 21 08:01 GMT, by Swissquote Bank SA
The dollars, Fed minutes inspired rally, has continued today as the release of a soft Chinese manufacturing triggered selling of high-yielding EM FX. HSBC/Markit manufacturing PMI dropped to a 3-mont...
The Aussie's Bearish Channel
Aug 21 07:02 GMT, by Blackwell Global
Data out today from China helped the Aussie dollar to maintain its bearish channel. The HSBC Manufacturing PMI showed a reading of 50.3, down from 51.7 a month ago and well below the 51.5 the market ...
Euro Weakness Set To Continue
Aug 21 06:59 GMT, by Blackwell Global
The Euro has taken a tumble in the last 48 hours on the charts, and for many this comes as no surprise. What is most certainly clear is that the U.S dollar is getting back into strengthening mode on ...
EU Preview: Markets Await Eurozone PMIs Data, UK Retail Sales Report
Aug 21 06:31 GMT, by ICN.com
Eurozoe PMIThe economic clock is expected tick louder on Thursday, with the Eurozone manufacturing and services Purchasing Managers' Indexes data due to be released. The euro-area PMIs are forecasted...
EUR/USD: Euro Trading Lower Ahead Of PMI Data From The Euro-Zone And Its Peripheries
Aug 21 05:30 GMT, by GCI Financial
The pair is expected to find support at 1.3222, and a fall through could take it to the next support level of 1.3196. The pair is expected to find its first resistance at 1.3295, and a rise through c...
GBP/USD: Pound Trading On A Lower Footing This Morning
Aug 21 05:29 GMT, by GCI Financial
The pair is expected to find support at 1.6541, and a fall through could take it to the next support level of 1.6506. The pair is expected to find its first resistance at 1.6646, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Cable Slips On Fed Raising Rate Expectations
Aug 21 07:44 GMT, by ZIFX.com
On Wednesday Pound/Dollar decreased with 100 pips. The Cable depreciated from 1.6690 to 1.6589 yesterday, in line with the negative money flow sentiment at under -19%, closing the day at 1.6593. Toda...
EUR/USD Heads Towards 1.31
Aug 21 07:41 GMT, by Dukascopy Swiss FX Group
Despite toughness of the demand area around 1.33 and ‘buy' signals on the monthly chart, the bears continued to push the price lower. The currency pair has already closed beneath the 2013 Q4 low and ...
GBP/USD Extends Losses
Aug 21 07:40 GMT, by Dukascopy Swiss FX Group
An attempt of the bulls to negate the selling pressure at 1.66 turned out to be fruitless, as all of the intraday gains were eventually negated and the bears remained in control of the market. And ev...
USD/JPY Approaches 2014 Q2 High
Aug 21 07:39 GMT, by Dukascopy Swiss FX Group
Since the July peak is now out of the way, just as the monthly R1, there is only the 2014 Q2 high at 104.12 seen capable of preventing a re-test of 105.44—this year's highest point. At the same time ...
USD/CHF To Challenge 2014 High
Aug 21 07:38 GMT, by Dukascopy Swiss FX Group
The resistance at 0.91 had been finally broken, meaning there are now no obstacles for USD/CHF to touch 0.9156. This supply zone may also prove to be difficult to cross, considering that it is reinfo...
Daily FX Report
Aug 21 06:49 GMT, by Varengold Bank
In the second quarter of this year, euro-area growth stagnated in comparison to the quarter before as the region's biggest economies Germany, France and Italy all failed to expand. Inflation in the e...
All Daily Technical Reports >>

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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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