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Sep 24 04:23 GMT

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Daily Report: Dollar Mildly Higher as Fed Bullard Hinted on FOMC Language Change in October
Sep 24 03:36 GMT, by ActionForex.com
Dollar stayed in range against European majors but strengthened further against commodity currencies. St. Louis Fed president James Bullard said that FOMC could drop the pledge to keep rate lows for considerable time next month. He noted that in September, it's premature to remove considerable time from the statement as QE hasn't ended yet. An...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD stays neutral for consolidation above 1.2816 temporary low. As long as 1.2994 resistance holds... - Sep 24 03:52 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD stays neutral with focus on 1.6243 minor support. At this point, we still view rebound from 1.... - Sep 24 03:49 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for some more consolidations below 0.9432 temporary top. As long as 0.9300 sup... - Sep 24 03:48 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains neutral as the consolidation from 109.45 temporary top continues. We'd expect downside... - Sep 24 03:46 GMT

Special Reports

China To Continue To Add Stimulus Despite Finance Minister's Hawkish Comments
Sep 23 09:30 GMT
Comments that Chinese Finance Minister Lou Jiwei made at the G20 meeting damped...
The Aftermath of Scottish Referendum
Sep 20 03:08 GMT
The dust is settled in the Scottish referendum with 55% voted No to independe...
SNB Strengthened Stance To Interfere EURCHF If Inflation Deteriorates Further
Sep 18 11:24 GMT
The SNB intensified the stance that it would use all possible means to combat d...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Hold short entered at 0.9400
Although the greenback fell to 0.9353 earlier in European session, dollar found good support there and has staged a rebound, sugg... - Sep 23 15:42 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6435
Although the British pound has retreated after meeting resistance at 1.6416, as long as intra-day support at 1.6303 holds, risk o... - Sep 23 15:38 GMT
Trade Idea Wrap-up: EUR/USD - Hold long entered at 1.2865
As the single currency has retreated after intra-day rise to 1.2901 suggests caution on our long position entered at 1.2865 but a... - Sep 23 15:33 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although the greenback found good support at 108.25 and has staged a strong rebound, above resistance at 109.19 is needed to sign... - Sep 23 15:28 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although cable's rebound from 1.6052 turned out to be stronger than expect... - Sep 23 07:13 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback only eased to 0.9300 (we recommended to buy dollar at 0.9260... - Sep 23 07:11 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency has fallen again after brief recovery to 1.2995 last w... - Sep 22 10:01 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7915
Euro's rebound after falling to 0.7810 last week has retained our view that consolidation above this level would be seen, however... - Sep 23 14:33 GMT
Trade Idea: USD/CAD - Buy at 1.0970
As the greenback has staged a strong rebound after finding good support at 1.0887 last week, suggesting the retreat from 1.1099 h... - Sep 23 14:30 GMT
Trade Idea: EUR/JPY - Buy at 139.15
Euro's retreat after last week's rally to 141.23 suggests consolidation below this level would be seen and retracement to 139.15-... - Sep 23 08:48 GMT
Trade Idea: AUD/USD - Hold long entered at 0.8900
As aussie has remained under pressure after resuming recent decline, suggesting near term downside risk remains for the decline f... - Sep 23 08:45 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound found good support at 1.6052 and has rebounded in p... - Sep 23 10:09 GMT
GBP/CHF Elliott Wave Analysis
Sterling's rebound from 1.4974 turned out to be much stronger than ex... - Sep 23 09:52 GMT
USD/JPY Elliott Wave Analysis
As the greenback has surged again after brief pullback to 106.81, add... - Sep 22 10:52 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 24 04:15 GMT

Action Bias

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

Fundamental Analysis Reports

FTSE Drops After EU PMI And Syrian Headlines
Sep 24 03:15 GMT, by MarketPulse
In a sinking market, with leading shares recording their biggest daily drop for nearly seven months, Carnival has managed to keep above the water line. The cruise company reported a 4.7% rise in thir...
RBA: Financial Stability Review, Housing
Sep 24 02:55 GMT, by ThinkForex
The composition of housing and mortgage markets is becoming unbalanced, with new lending to investors being out of proportion to rental housing's share of the housing stock. Rsks associated with this...
The Kiwi's Woes Continue
Sep 24 02:27 GMT, by Forex.com
Earlier today NZ August trade figures came in better than the market was expecting. NZ's trade deficit narrowed to 472m from a revised 724m, beating an expected increase to 1,125m. Exports fell to 3....
A Seismic Shift In Markets As Stocks Swoon, USD Strength Reverses, AUD & JPY Rally
Sep 24 02:20 GMT, by Vantage FX
My theme for a while has remained that I didn't trust the markets complacency and indeed I moved my super to 100% cash in April. It's a call a few who know me questioned and laughed at but it was not...
AUD/USD - Aussie Steady as Chinese Manufacturing Data Almost Unchanged
Sep 23 14:22 GMT, by MarketPulse
The Australian dollar is stable on Tuesday, as AUD/USD trades in the high-0.88 range early in the North American session. The Aussie has had a miserable September, giving up a staggering 450 points t...
Canadian July Retail Sales Inch Downward
Sep 23 13:47 GMT, by RBC Financial Group
Nominal retail sales in July 2014 unexpectedly dropped by 0.1% although this followed an outsized 1.2% monthly gain in June. Market expectations had been for a 0.5% gain in July. Expectations of g...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Wave Analysis
Sep 24 04:13 GMT, by Admiral Markets
Price is showing a single divergence (purple line on oscillator) between the 2 latest bottoms and price reached the top of a trend channel (blue). The main question is whether price will make a bigge...
Foreign Exchange Market Commentary
Sep 24 04:04 GMT, by HY Markets
THE EURO closed higher due to short covering 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 remain ...
NZDJPY Shows Potential For Triple Top
Sep 24 03:43 GMT, by ThinkForex
The advance form the 85.73 swing low (in August) has seen a firm rejection of 88.96 resistance. A Weekly close around current levels would confirm a Dark Cloud Cover reversal, or a higher (but bearis...
Market Morning Briefing
Sep 24 03:33 GMT, by Kshitij Consultancy Services
Euro (1.2857) is showing very marginal signs of making a bottom near 1.2825-2800 with a severe decrease in bearish momentum despite the new lows. Though a break above 1.2930 and then 1.30 is immediat...
S&P 500, Major Declines Over Next Number Of Months ?
Sep 24 03:04 GMT, by Foreign Exchange Analytics
No change as the market is seen in process of an important topping (potentially a major topping, see longer term below), recently turning down from a slight/temporary new high on Sept 19th high at 20...
Silver Continues To Lose Its Shine
Sep 24 02:53 GMT, by ThinkForex
The Triangle is over 1 year old and was confirmed with a break below $18.70 support, which projects an approximate target around $12.45. A break back above $18.70 invalidates the pattern, so until th...
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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