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Aug 29 05:14 GMT

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US Session: Orders and Options Watch
Aug 28 13:27 GMT, by ActionForex.com
EUR: The single currency slipped as the greenback recovered across the board on news that Russian troops entering in Ukraine, the release of better-than-expected US GDP data also helped supporting dollar, bids at 1.3185 were filled but defensive buy orders are still noted above barrier at 1.3150 with stops building up below there, more buying inte...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral as the consolidation from 1.3152 temporary low continues. Another rise cannot ... - Aug 28 13:25 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.6534 is still in progress. Another recovery cannot... - Aug 28 13:21 GMT
USD/JPY Mid-Day Outlook
No change in USD/JPY's outlook and intraday bias remains neutral. Note that 104.12 resistance could be strong enough to... - Aug 28 13:12 GMT
USD/CHF Mid-Day Outlook
USD/CHF drew some support from 4 hours 55 EMA and recovers but stays in tight range below 0.9184 temporary top. Intrada... - Aug 28 12:43 GMT

Special Reports

Dovish Draghi Does Not Mean ECB Would Act Further In September
Aug 27 06:31 GMT
Selloff of the euro continues after ECB president Mario Draghi's speech last we...
Yellen's Speech Was Balanced, Yet Dovish
Aug 25 03:11 GMT
Fed Chair Janet Yellen delivered a balanced speech regarding the US labor marke...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9105
Although the greenback has rebounded after finding support at 0.9126, reckon yesterday's high of 0.9185 would limit upside and ne... - Aug 28 16:11 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day brief breach of indicated resistance at 1.6605, lack of follow through buying suggests further consolidation wo... - Aug 28 16:06 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Failure to extend intra-day rebound and current retreat from 1.3221 dampened our near term bullishness and a retest of this week'... - Aug 28 16:04 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 103.20
Although near term downside risk remains for the retreat from this week's high of 104.28 to bring retracement of recent rise to s... - Aug 28 15:55 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency opened lower earlier this week and slipped since, sugg... - Aug 28 09:08 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency has remained under pressure after recent selloff and n... - Aug 28 08:58 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Despite early anticipated fall to 93.95, the subsequent stronger-than-expe... - Aug 27 06:35 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7925
As the single currency has remained under pressure, suggesting near term downside risk remains for the fall from 0.8036 to extend... - Aug 28 15:31 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has remained under pressure after the stronger-than-expected retreat from 1.0998, dampening our bullishness and sig... - Aug 28 15:24 GMT
Trade Idea: EUR/JPY - Hold long entered at 137.25
Yesterday's fall to 136.75 suggests caution on our near term bullishness and his level needs to hold to retain prospect of anothe... - Aug 28 08:45 GMT
Trade Idea : AUD/USD - Buy at 0.9330
Current breach of indicated resistance at 0.9345 confirms our view that low has been formed at 0.9239 earlier and consolidation w... - Aug 28 08:39 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Although the single currency slipped after faltering below resistance... - Aug 28 09:24 GMT
USD/CAD Elliott Wave Analysis
Despite rising briefly to 1.0998 earlier this week, lack of follow th... - Aug 28 09:20 GMT
AUD/USD Elliott Wave Analysis
As aussie has rebounded again after finding support at 0.9239 last we... - Aug 27 10:27 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 29 05:05 GMT

Action Bias

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

USD/JPY: Japan Jobless Rate Edges Up In July, While Its Inflation Rate Came In Line With Estimates
Aug 29 05:10 GMT, by GCI Financial
The pair is expected to find support at 103.53, and a fall through could take it to the next support level of 103.37. The pair is expected to find its first resistance at 103.89, and a rise through c...
GBP/USD: UK Consumer Confidence In August Turned Positive For The Second Time Since March 2005
Aug 29 05:08 GMT, by GCI Financial
The pair is expected to find support at 1.6563, and a fall through could take it to the next support level of 1.6541. The pair is expected to find its first resistance at 1.6611, and a rise through c...
USD/CHF: Swiss Franc Extends Its Losses In The Asian Session
Aug 29 05:07 GMT, by GCI Financial
The pair is expected to find support at 0.9132, and a fall through could take it to the next support level of 0.911. The pair is expected to find its first resistance at 0.9169, and a rise through co...
USD/CAD: Loonie Trading On A Higher Footing This Morning, Ahead Of Q2 GDP Numbers
Aug 29 05:06 GMT, by GCI Financial
The pair is expected to find support at 1.0838, and a fall through could take it to the next support level of 1.082. The pair is expected to find its first resistance at 1.0871, and a rise through co...
AUD/USD: Aussie Reverses Its Gains This Morning
Aug 29 05:05 GMT, by GCI Financial
The pair is expected to find support at 0.9337, and a fall through could take it to the next support level of 0.9321. The pair is expected to find its first resistance at 0.9372, and a rise through c...
Asian Market Update: Japanese, Asian Stocks Weaker On Economic Data, Geopolitical Concerns
Aug 29 05:00 GMT, by Trade The News
Japan, Asian stocks were trading weaker on renewed Ukrainian tensions. Ukrainian President Poroshenko, and later the US, accused Russia of troops entering into Ukraine in support of pro-Russian rebel...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Aug 29 04:56 GMT, by Varengold Bank
The German Finance Minister Wolfgang Schaeuble said, that the European Central Bank has run out of ways to help the euro area, putting the burden on governments to spur growth without running excessi...
Foreign Exchange Market Commentary
Aug 29 04:26 GMT, by HY Markets
THE EURO closed lower on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that...
The Daily Wave Analysis
Aug 29 04:17 GMT, by Admiral Markets
The breakout (red arrow) below support (magenta) might take the EURUSD down to the bigger bottom (green line) or Fibonacci level. If the break does not happen, then a wave WXY (blue) is probable to c...
AUD/USD - Moves To Three Week High Around 0.9370
Aug 29 02:44 GMT, by MarketPulse
The Australian dollar has started to move in the last couple of days moving higher from the key level at 0.93 up to a three week high above 0.9370. For the best part of the last couple of weeks the A...
Australia 200 – Taking A Breather Around 5620
Aug 29 02:42 GMT, by MarketPulse
The Australian 200 Index has finally been able to surge higher to a new six year high around 5650 late last week before easing off to finish out the week. However since that time it has done very lit...
Daily Forex Update: NZD/USD
Aug 29 02:31 GMT, by Autochartist
NZD/USD is expected to break this Falling Wedge and then to rise to target level 0.8499 in the next 3 trading days. Autochartist set the stop-level for this forecast at 0.8311 (point A). This point f...
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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