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Aug 05 08:26 GMT

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Daily Report: Dollar Lifted by Fed Lockhart
Aug 05 04:39 GMT, by ActionForex.com
Dollar surged overnight as Atlanta Fed Dennis Lockhart expressed his support for rate hike in September. Lockhart is seen by some analysts as neutral to slightly dovish, and hence his comments were taken quite seriously. He said in an interview with Wall Street Journal that it's a high bar not to act for him and it will take a significant deter...

Technical Outlook

USD/CAD Daily Outlook
USD/CAD's rally continues today and intraday bias remains on the upside. Current rise should extend to next projection ... - Aug 05 05:02 GMT
AUD/USD Daily Outlook
AUD/USD's recovery lost steam ahead of 0.7448 resistance and intraday bias stays neutral for the moment. As long as 0.7... - Aug 05 04:59 GMT
EUR/USD Daily Outlook
EUR/USD drops sharply but is staying in range above 1.0807. Intraday bias remains neutral for the moment. Break of 1.08... - Aug 05 04:51 GMT
GBP/USD Daily Outlook
GBP/USD dips mildly today but stays in range of 1.5465/5689. Intraday bias remains neutral first. Outlook is unchanged ... - Aug 05 04:45 GMT

Special Reports

RBA Suggests Australian Dollar Adjusting To Commodity Selloff
Aug 04 09:18 GMT
The RBA let the cash rate unchanged at 2% for a third consecutive month. Whist ...
FOMC Adjusted Economic Assessment, September Rate Hike Remains Open
Jul 30 06:08 GMT
In its July statement, the FOMC made some changes on its assessment of the curr...
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
Jul 29 06:56 GMT
Chinese State Council released a statement titled 'Key steps to promote foreign...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9730
As the greenback has surged again after finding renewed buying interest at 0.9668 yesterday and broke above previous resistance a... - Aug 05 07:57 GMT
Trade Idea: GBP/USD - Stand aside
Despite intra-day brief fall to 1.5527, lack of follow through selling on break of previous support at 1.5549 and current rebound... - Aug 05 07:50 GMT
Trade Idea: EUR/USD - Sell at 1.0910
As the single currency has dropped again after meeting renewed selling interest at 1.0988 and broke below previous support at 1.0... - Aug 05 07:40 GMT
Trade Idea: USD/JPY - Stand aside
As the greenback has rebounded after finding support at 123.80 yesterday, suggesting a retest of last week's high at 124.58 would... - Aug 05 07:34 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Despite last week's brief bounce to 0.6739, as kiwi met renewed selling in... - Aug 05 08:07 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie fell marginally to 0.7235 late last week, the subsequent r... - Aug 05 08:05 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Despite last week's rise to 1.5690, lack of follow through buying and the ... - Aug 04 07:30 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency retreated after meeting resistance at 0.7098 on Friday, retaining our view that further choppy trading would ... - Aug 04 14:25 GMT
Trade Idea: USD/CAD - Stand aside
Although the greenback has maintained a firm undertone after current anticipated resumption of upmove and gain to 1.3200 cannot b... - Aug 04 14:23 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency has recovered after holding above indicated support at 135.54, retaining our view that further consolidati... - Aug 04 09:09 GMT
Trade Idea: AUD/USD - Buy at 0.7340
As aussie found renewed buying interest at 0.7260 yesterday and has staged a strong rebound above resistance at 0.7367, reviving ... - Aug 04 09:05 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Last week's marginal rise to 1.5690 suggests near term upside risk re... - Aug 04 09:30 GMT
GBP/JPY Elliott Wave Analysis
Although sterling found good support at 185.00 and has staged a stron... - Aug 04 09:24 GMT
EUR/USD Elliott Wave Analysis
Although the single currency retreated initially last week to 1.0893,... - Aug 03 09:51 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 05 08:20 GMT

Action Bias

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

Fundamental Analysis Reports

USD Stronger On Lockharts Comments
Aug 05 08:19 GMT, by Swissquote Bank SA
Choppy trading continues in the FX markets as liquidity conditions remain weak. USD price action remains broadly supportive following Fed Lockharts hawkish comments overnight. Atlanta Fed President D...
Woes For Emerging Market Currencies Continue
Aug 05 08:02 GMT, by ForexTime
A slightly more encouraging overnight China PMI and some stabilization in the commodity markets should provide inspiration for Indices to trade higher on Wednesday. There will be some relief and ease...
Activity In China's Services Sector Rises At Fastest Pace In 11 Month In July
Aug 05 07:49 GMT, by Dukascopy Swiss FX Group
Business activity in the Chinese services sector rose at the fastest pace in 11 months in July amid stronger new business, a positive sign at a time when factories of the world's second biggest econo...
New Zealand Unemployment Unexpectedly Rises To 5.9%
Aug 05 07:48 GMT, by Dukascopy Swiss FX Group
New Zealand's unemployment rate climbed as the number of new jobs created failed to meet a growing working population driven by record migration. The jobless rate rose to a seasonally-adjusted 5.9% i...
Aussie Rebounds From Six-Year Low As RBA Comfortable With Its Level
Aug 05 07:47 GMT, by Dukascopy Swiss FX Group
The Australian Dollar rebounded from the lowest level in six years after the Reserve Bank of Australia kept interest rates unchanged and was more comfortable with the level of the Aussie, whose 20% d...
UK Construction PMI Unexpectedly Falls To 57.1 In July Amid Weak Housebuilding
Aug 05 07:46 GMT, by Dukascopy Swiss FX Group
Growth in the UK construction industry unexpectedly slowed in July, hurt by sluggish housebuilding and civil engineering. The Markit/CIPS UK construction PMI declined to 57.1 after reaching 58.1 in J...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCHF Trades Impulsive Higher, Eyes At 0.9950
Aug 05 08:16 GMT, by Elliott Wave Financial Service
USDCHF made an unexpected deep intraday fall to around 0.9550 on Friday before price bounced back to the highs. We noted that this was likely flat for wave (ii) which is now proving correct because o...
Today's Market Outlook
Aug 05 08:09 GMT, by Windsor Brokers Ltd
The Euro closed yesterday below former low of 30 July at 1.0891, leaving a long red candle that confirms further extension of the downleg from double upside rejection at 1.1121/28. Firm bearish tone ...
Foreign Exchange Market Commentary
Aug 05 06:57 GMT, by HY Markets
THE EURO closed lower on Tuesday. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish...
USDJPY Revving Up For A Breakout
Aug 05 06:39 GMT, by ThinkForex
For this pattern to stand any chance of success we would require a direct break and, preferably, sooner than later. If this turns out to be a pattern that recycles back within itself and loses the bu...
AUDCAD: Battle Of Employment Data As Price Moves Closer To Parity
Aug 05 06:37 GMT, by Forex.com
The Australian dollar been on a high following yesterday's policy meeting at the RBA and some better than expected retail sales numbers. Combined with some widespread weakness in the CAD, the strong ...
Daily FX Report
Aug 05 06:09 GMT, by Varengold Bank
The dollar rose to a four-month high before the Aug. 7 employment report that may provide the Federal Reserve with enough evidence to raise interest rates for the first time in almost a decade. The g...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
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...
All Long Term Forecasts >>
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