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Aug 29 12:38 GMT

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Daily Report: Dollar Maintains Gain as Focus Turns to US Data
Aug 29 04:15 GMT, by ActionForex.com
Dollar opens the week higher and maintains last week's gain. Markets increased bets on Fed hike this year after chair Janet Yellen said that the case for an increase in the federal-funds rate has strengthened in recent months. The greenback will now look into a string of important data for guidance. Those include personal income and spending on ...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains mildly on the upside for 55 days EMA (now at 138.33). Such rise is seen as the third l... - Aug 29 10:45 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. With 114.80 minor resistance intact, further decline is expect... - Aug 29 10:43 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. Considering bearish divergence condition in daily MACD, decisi... - Aug 29 10:28 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. Further rally is still expected as long as 1.4662 minor suppor... - Aug 29 10:26 GMT

Special Reports

USD Index Stays Undervalued, Despite Soaring Rate Hike Hopes
Aug 29 11:30 GMT
Fed Chair Janet Yellen's speech last Friday lifted speculations of additional p...
Deepening Deflation Adds Pressure To Further BOJ Action
Aug 26 10:38 GMT
Japan's deflation persisted for a fifth month in July. Core CPI (excluding fres...
Rally in LIBOR Due to Regulatory Change... to Continue as Rate Hike Hopes Increase
Aug 25 13:31 GMT
The 3-month USD LIBOR has been surging recently, rising to a 7-year high of 0.8...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
As the greenback has risen again after finding renewed buying interest at 0.9640 in part due to cross-selling in Swiss franc, sug... - Aug 25 15:54 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
As cable has retreated after rising to 1.3273 yesterday, suggesting minor consolidation below this level would be seen and pullba... - Aug 25 15:48 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has recovered after holding above previous support at 1.1241, suggesting consolidation above this level wo... - Aug 25 15:43 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although dollar's rebound from 99.94 has retained our view that further consolidation within recent established range would be se... - Aug 25 15:37 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency retreated after meeting resistance at 114.16,... - Aug 25 09:20 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the greenback recovered after falling to 1.2763 last week, suggesting c... - Aug 25 08:51 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Kiwi only eased to 0.7165 before rising again (we recommended in our previ... - Aug 24 09:03 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite this week's anticipated decline to 0.8485, current rebound from there suggests consolidation would be seen and recovery t... - Aug 25 14:56 GMT
Trade Idea: USD/CAD - Sell at 1.3030
Although the greenback rebounded after finding support at 1.2859 earlier this week and further consolidation above recent low at ... - Aug 25 14:53 GMT
Trade Idea: EUR/JPY - Hold short entered at 113.30
As the single currency has recovered after falling to 112.79 yesterday, suggesting consolidation would be seen, however, reckon u... - Aug 25 09:53 GMT
Trade Idea: AUD/USD - Stand aside
Aussie's recovery after holding above support at 0.7583 (Monday's low) has retained our view that further consolidation above sai... - Aug 25 09:47 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency retreated after meeting resistance at 11... - Aug 25 10:25 GMT
USD/CHF Elliott Wave Analysis
Despite early anticipated selloff to 0.9537, as the greenback found g... - Aug 25 10:17 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency retreated to 1.0826 last week, as euro f... - Aug 24 10:24 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 29 12:30 GMT

Action Bias

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

Yen Falters as Fed Hints Rate Hike Coming
Aug 29 12:22 GMT, by MarketPulse
The Japanese yen has posted small gains on Monday. Currently, USD/JPY is trading slightly above the 102 line. On the release front, The US will release the Core PCE Price Index and Personal Spending....
Dollar Squeeze Remains Intact
Aug 29 11:33 GMT, by MarketPulse
The initial reaction by investors to Janet Yellen's speech at Jackson Hole was one of elation, however, the euphoria has been short lived, as markets now adjust to a more "hawkish" FED – equities dow...
EUR/USD – Euro Under Pressure As Yellen Revives Rate Hike Speculation
Aug 29 11:20 GMT, by MarketPulse
The euro is showing little movement on Monday, as EUR/USD trades just below the 1.12 line. It’s a light day on the release front, with no Eurozone events. The US will release the Core PCE Price Index...
WTI Crude Wobbles Above $47
Aug 29 10:57 GMT, by ForexTime
WTI Crude was vulnerable to losses on Monday with prices challenging $47 as Iraq's ongoing quest to reclaiming market share dampened expectations over the possibility of September's informal OPEC mee...
European Market Update: Payrolls Come Into Focus After Hawkish Jackson Hole Commentary
Aug 29 10:49 GMT, by Trade The News
USD hitting multi-week highs against a number of currencies following hawkish Fed comments last Friday at Jackson Hole which noted that the case for rate hike had strengthened. Key focus now turns to...
EUR/CHF Tests 1.0950 Resistance
Aug 29 09:58 GMT, by Swissquote Bank SA
In an article published yesterday in Swiss newspaper Sonntagsblick, the Swiss National Bank’s Maechler provided basic reaffirmation of the central bank’s current policy mix, while rejecting potential...
All Daily Fundamental Reports >>

Technical Analysis Reports

Crude Oil Undergoing A Fourth Wave Correction
Aug 29 10:59 GMT, by Elliott Wave Financial Service
On the 4h chart of crude oil we can see that price made a nice rally from the lows, for now in three waves but because of a sharp price action up to 49.00 region in the middle of August, we think tha...
AUDUSD Consolidates Above Daily Cloud Top, Near-Term Outlook Remains Negative
Aug 29 10:55 GMT, by Windsor Brokers Ltd
Strong bearish close on Friday generated bearish signal for today's extension below Friday's low at 0.7548 (also Fibo 61.8% retracement of 0.7419/0.7758 upleg) that found support at 0.7523 (daily clo...
USDJPY Above 102 Handle, Focus At Key 102.64 Resistance, Correction Likely To Precede Fresh Bulls
Aug 29 10:54 GMT, by Windsor Brokers Ltd
The pair is establishing above 102 handle on fresh upside extension of Friday's strong rally that marks the biggest daily gain since July 12. Positive signals were generated on strong bullish close o...
Cable Cracked 1.3100 Support Zone, Focus Turns Towards Psychological 1.3000 Support
Aug 29 10:53 GMT, by Windsor Brokers Ltd
Cable remains in red on Monday and probed below 1.3100 handle, on extension of Friday’s fall that was shaped in bearish candle with long upper shadow. Fresh extension lower was so far contained by ri...
EURUSD - Consolidation Above Daily Cloud Top To Precede Fresh Weakness
Aug 29 09:43 GMT, by Windsor Brokers Ltd
The Euro holds negative near-term sentiment following dollar-supportive comments from Fed. Friday's trading ended in long red candle, maintaining downside pressure, established on pullback from 1.136...
EUR/USD At 1.12 Mark On Monday Morning
Aug 29 08:38 GMT, by Dukascopy Swiss FX Group
The common European currency depreciated against the US Dollar on Friday, as chairwoman of the Federal Reserve, Janet Yellen indicated at two not only one rate the central bank's rate hikes until the...
All Daily Technical Reports >>

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Long Term Forecasts

DAX 6 Month Outlook 2016 H2
Aug 18 14:12 GMT, by MarketPulse
DAX 6 Month Outlook 2016 H2 What impact has Brexit had on Germany? It's still too early to determ...
AUD/USD Australian Dollar 6 Month Outlook 2016 2H
Aug 02 15:28 GMT, by MarketPulse
The RBA seems to be little concerned by Brexit and believes it's far too soon to pass judgment on t...
WTI Crude Oil A Year Ahead - Trends And Expectations 2016
Dec 24 11:45 GMT, by MarketPulse
The second half of 2014 saw a sharp drop in the price of WTI Crude Oil, which had traded at $105 a ...
DAX Year Ahead – Trends And Expectations 2016
Dec 24 11:11 GMT, by MarketPulse
It has been another testing year for the German economy but once again it has shown the kind of str...
British Pound Year Ahead - Brexit To Dominate 2016
Dec 22 12:49 GMT, by MarketPulse
This has been something of a turnaround year for the UK in which unemployment has fallen back to pr...
All Long Term Forecasts >>
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