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US Session: Orders and Options Watch
Aug 21 14:10 GMT, by ActionForex.com
EUR: The single currency traded narrowly after recovering from intra-day low of 1.3242, offers are still noted at 1.3280, 1.3300-10 (stops above) and 1.3325-30, more sell orders are tipped at 1.3350 and 1.3370, selling interest should emerge further out at 1.3385 and 1.3400-10. On the downside, some bids are seen at 1.3240-50, 1.3215-25 and 1.3200...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside as current decline should target 100% projection of 1.3993 to 1.3502 f... - Aug 21 12:54 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD as the decline from 1.7190 continues. The current development confirms medium medium term reve... - Aug 21 12:52 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the upside for 104.12 resistance. We'd be cautious on strong resistance from there.... - Aug 21 12:50 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the upside for 0.9156 key resistance. Decisive break there will carry larger bullis... - Aug 21 12:47 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

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9080
As the greenback has retreated after intra-day initial rise to 0.9146, retaining our view that consolidation would be seen and pu... - Aug 21 15:29 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6650
Cable's recovery after intra-day fall to 1.6564 suggests minor consolidation above this level would be seen and corrective bounce... - Aug 21 15:22 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3320
Euro's recovery after intra-day initial fall to 1.3242 has retained our view that minor consolidation would be seen and correctiv... - Aug 21 15:15 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 103.15
The greenback has eased after intra-day initial rise to 103.96 and minor consolidation would be seen and pullback to 103.30-35 ca... - Aug 21 15:10 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 0.7922 and rebounded ... - Aug 21 10:33 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency slipped again and broke below previous support at 1.21... - Aug 21 10:07 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has retreated after meeting resistance at 0.8515 last week... - Aug 20 07:32 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite this week's retreat from 0.8028 to 0.7970, as the single currency has rebounded again, retaining our view that further ch... - Aug 21 14:54 GMT
Trade Idea: USD/CAD - Buy at 1.0900
Despite intra-day rise to 1.0987, lack of follow through buying on break of previous resistance at 1.0986 and current retreat sug... - Aug 21 14:47 GMT
Trade Idea: EUR/JPY - Buy at 137.25
As the single currency has risen again after brief pullback, adding credence to our near term bullishness for the rise from 135.7... - Aug 21 09:36 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9310
Aussie met renewed selling interest at 0.9318 yesterday and fell again, retaining our bearishness for the decline from 0.9505 top... - Aug 21 09:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Euro's rebound after finding support at 0.7922 suggests a minor low h... - Aug 21 11:18 GMT
USD/CAD Elliott Wave Analysis
The greenback only slipped to 1.0860 last week before finding renewed... - Aug 21 11:02 GMT
AUD/USD Elliott Wave Analysis
Although aussie's rebound from 0.9239 suggests consolidation above th... - Aug 20 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 21 21:50 GMT

Action Bias

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

Fundamental Analysis Reports

US Existing Home Sales Unexpectedly Rise in July to a 10-Month High
Aug 21 15:37 GMT, by RBC Financial Group
Existing home sales in the US unexpectedly rose by 2.4% in July to 5.15 million annualized units from the revised 5.03 million units in June (initially reported as 5.04 million). The improvement in t...
US Initial Jobless Claims Fell in the Week Ending August 16
Aug 21 15:36 GMT, by RBC Financial Group
US initial claims fell by 14,000 to 298,000 in the week ending August 16, 2014 following a revised 312,000 reading (was 311,000) in the previous week. The latest reading was slightly lower than marke...
AUD/USD - Under Pressure After Solid US Job Claims
Aug 21 14:14 GMT, by MarketPulse
AUD/USD is stable on Thursday, as the pair trades slightly below the 0.93 line in the North American session. In economic news, Australian CB Leading Index gained 0.4% in July, a six-month high. In t...
USD/JPY - Yen Slump Continues After Fed Minutes
Aug 21 13:26 GMT, by MarketPulse
The US dollar continues to gain ground against the Japanese yen, as USD/JPY flirts with the 104 range early in the North American session. On the release front, Japanese Manufacturing PMI improved to...
Gold Under Pressure After Hawkish Fed Minutes
Aug 21 12:08 GMT, by MarketPulse
Gold prices are lower on Wednesday, as the metal has slipped to two-month lows. The spot price stands at $1281.34 per ounce in the European session. On the release front, it's a busy day in the US, l...
Is Jackson Hole To Be A Currency Event?
Aug 21 11:39 GMT, by MarketPulse
There's chatter in the market that Jackson Hole, beginning today, could be a currency event, another type of Plaza accord. Up until now, the market had been solely on the lookout for any hawkish comm...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCAD Pressing Critical 1.0985 Barrier Ahead of US Data
Aug 21 13:28 GMT, by Forex.com
Last week, we featured a developing USDCAD Double Top pattern at 1.0985, suggesting that the pair may fall further after breaking the pattern's point of reference at 1.0900 (see below for more). Thou...
Technical Update - Important EUR and GBP Pairs
Aug 21 11:43 GMT, by Admiral Markets
After retesting 50-day SMA immediate resistance in the previous week, the pair resumed to drift lower and is now hovering around 1.4300 round figure mark. Repeated failure to decisively conquer 50-da...
Technical Outlook: USDCAD, USDCHF, EURCAD And EURCHF
Aug 21 11:15 GMT, by Admiral Markets
Ever since the USDCAD reversed from its ascending trend line support, stretched from September 2013, during early July 2014, the pair continued its up-move as signaled by another ascending trend line...
Dollar/Yen Extends Gains, Closing To 104
Aug 21 10:00 GMT, by ZIFX.com
On Wednesday Dollar/Yen continued increasing significantly with 95 pips. The currency couple appreciated from 102.89 to 103.85 yesterday, matching the positive money flow sentiment at over +22%, clos...
Forex Technical Analysis
Aug 21 09:49 GMT, by DeltaStock Inc.
Current rebound above 1.3239 signals a reversal of the slide from 1.3411, but I believe it is only a corrective one, preceding another dip towards 1.3090. Initial intraday resistance is seen at 1.330...
Today's Market Outlook
Aug 21 08:41 GMT, by Windsor Brokers Ltd
The Euro continues to trend lower, with fresh acceleration below 1.33 handle, testing levels below initial 1.3247, Fibonacci 38.2% retracement target. Further bears are expected to test the next targ...
All Daily Technical Reports >>

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Central Bank Analysis
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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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