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Sep 18 03:37 GMT

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Dollar Higher as Fed Hinted as Steeper Rate Hike
Sep 17 18:48 GMT, by ActionForex.com
Dollar rises against other major currencies after Fed left rates unchanged near zero and continued tapering by another $10 b as widely expected. While Fed kept the language of keeping rates low for considerable time after asset buying ends, the overall statement, as well as the latest economic projections were slightly more hawkish. In particula...

Technical Outlook

EUR/USD Mid-Day Outlook
The consolidation from 1.2859 temporary low is still in progress and intraday bias remains neutral for the moment. In c... - Sep 17 13:10 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for the moment as the consolidation from 0.9395 continues. Deeper retreat coul... - Sep 17 13:06 GMT
USD/JPY Mid-Day Outlook
USD/JPY's consolidation from 107.39 is still in progress and intraday bias remains neutral for the moment. Deeper decli... - Sep 17 13:02 GMT
GBP/USD Mid-Day Outlook
GBP/USD rises to as high as 1.6350 so far today as the recovery from 1.6051 continues. Outlook remains unchanged though... - Sep 17 12:53 GMT

Special Reports

FOMC Left 'Considerable Time' Language But Generally Viewed As More Hawkish
Sep 18 02:54 GMT
Market reactions suggested that investors viewed the September FOMC meeting as ...
BOE Minutes Show Another Month Of 7-2 Split Of Monetary Decision
Sep 17 09:49 GMT
The BOE minutes for the September meeting showed a 7-2 vote to keep the Bank ra...
FOMC Meeting And Scottish Referendum Key Market Movers
Sep 15 07:58 GMT
We have a busy week ahead with the focus clearly on the FOMC meeting and Scotti...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9290
Although the greenback found support at 0.9300 yesterday and has staged a rebound since, a break of indicated level at 0.9373-80 ... - Sep 17 16:22 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day brief rise to 1.6358, as cable has retreated by London closing, suggesting consolidation would be seen and pull... - Sep 17 16:18 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3010
Euro's near term sideways trading is likely to continue and near term upside risk remains for the erratic rise from 1.2859 to bri... - Sep 17 16:12 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 106.85
Current breach of previous resistance at 107.39 confirms recent upmove has resumed and further gain to 108.00 would be seen, howe... - Sep 17 16:08 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Kiwi continued to meet selling interest around the Tenkan-Sen and price ha... - Sep 17 08:18 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar only recovered to 0.9218 before dropping again last ... - Sep 17 08:15 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound dropped to as low as 1.6052 last week, the subs... - Sep 16 08:14 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7965
Current breach of last week's low at 0.7940 suggests early correction from 0.7874 low has ended at 0.8066 and consolidation with ... - Sep 17 15:52 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0970
Despite rising marginally to 1.1099 earlier this week, the subsequent sharp retreat suggests caution on our long position entered... - Sep 17 15:47 GMT
Trade Idea: EUR/JPY - Buy at 138.00
As the single currency has maintained a firm undertone, suggesting recent upmove is still in progress and mild upside bias remain... - Sep 17 09:48 GMT
Trade Idea: AUD/USD Sell again at 0.9160
As the Australian dollar has rebounded after holding above support at 0.8984, suggesting consolidation above this level would be ... - Sep 17 09:43 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
As the Australian dollar has rebounded after falling to 0.8984 earlie... - Sep 17 10:29 GMT
EUR/CAD Elliott Wave Analysis
Although the single currency rebounded after falling to 1.4037 earlie... - Sep 17 10:12 GMT
GBP/USD Elliott Wave Analysis
The British pound recovered after opening lower last week, however, c... - Sep 16 10:03 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 18 03:30 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE↓ DN↓ DN↓ DN
USDJPY↑ UP↑ UP↑ UP↑ UP
GBPUSD- NE- NE- NE↓ DN
USDCHF- NE↑ UP↑ UP↑ UP
USDCAD- NE- NE- NE↑ UP
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Forex Brokers

Fundamental Analysis Reports

FOMC Policy: Inflation Below Target, Lower Growth
Sep 18 03:15 GMT, by Wells Fargo Securities
Central tendency inflation projections for both the overall PCE and core inflation measures were lowered for 2015 (top graph). This confirms that inflation runs below the perceived longer-run target ...
Fed Keeps Forward Guidance But Revises Projections Higher Yet Again
Sep 18 03:11 GMT, by Danske Bank
As it turned out, the Fed hung on to its forward guidance of "considerable time" in the statement but the projections turned markedly higher, giving the Fed meeting another hawkish turn as expected. ...
FOMC Holds Fed Funds Steady in 0% to 0.25% Target Range; Reduces Monthly Asset Purchases by a Further $10 Billion
Sep 18 03:05 GMT, by RBC Financial Group
The Federal Open Market Committee (FOMC) met expectations and cut a further $10 billion from the pace of monthly asset purchases. Beginning in October, the Fed will purchase $5 billion of agency mort...
Beijing Eases As Economic Data And Property Prices Deteriorate
Sep 18 03:01 GMT, by Forex.com
The People's Bank of China (PBoC) plans to inject around $81bn into the banking system, according to reports coming from within China yesterday. The move by China's central bank is partly in response...
USD At 4-Year Highs Despite Lower Growth Forecasts
Sep 18 02:31 GMT, by ThinkForex
'Considerable Time' remains within the statement and FOMC staff projections have been revised down (again). However this didn't prevent the Greenback breaking to 4-year highs following a slightly Haw...
Japan Merchandise Trade Balance Deficit Narrowed In August
Sep 18 02:06 GMT, by ICN.com
Japan's adjusted merchandise trade balance deficit narrowed in August; however, instability in exports' performance remains obvious along with a drop in global demand for Japanese products. The adjus...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Sep 18 03:29 GMT, by Kshitij Consultancy Services
The FOMC meet resulted in a destroyer form of the Dollar Index (84.6260) and all the Majors, even EM currencies, are routed. But the long term resistance area of 84.75-85 is still not broken and the ...
Australia 200 - Desperately Clinging To Support At 5400
Sep 18 02:37 GMT, by MarketPulse
For the last couple of weeks the Australia 200 Index has declined from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 540...
AUD/USD – Drops Sharply To Six Month Low Below 0.8940
Sep 18 02:34 GMT, by MarketPulse
The Australian dollar has seen its sharpest fall in over 12 months as it fallen down to a six month low below 0.8950 even though it temporarily found some support at 0.90. The long term key level at ...
AUD/NZD at Key Technical Juncture ahead of NZ GDP
Sep 17 18:12 GMT, by Forex.com
The AUD/NZD currency pair is looking very interesting from a technical point of view. After it finally broke above sturdy resistance of 1.1035 in mid-August, the currency cross went on to achieve a h...
Commodities: Crude Lower as Oil Stocks Unexpectedly Build, Gold Flat ahead of FOMC
Sep 17 18:11 GMT, by Forex.com
Today's big risk event is probably the outcome of the FOMC meeting and the corresponding press conference from the Fed chairwoman Janet Yellen. Unless the Fed delivers a hawkish message, the dollar r...
USDJPY: Will Fed-Fueled Fire Force a Break of 107.40?
Sep 17 12:56 GMT, by Forex.com
Let's get ready to RUMMMBBBBLE! Traders skipped out of bed this morning, giddy for the latest update from the world's most powerful central bank. As my colleague Kathleen Brooks discussed in detail y...
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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