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Aug 29 08:02 GMT

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Daily Report: Ukraine Tensions Hit Risk Markets, Dollar Mixed in Tight Range
Aug 29 05:26 GMT, by ActionForex.com
Risk markets were mildly hit by deterioration in Ukraine's situation. S&P 500 closed below 2000 handle by dropping -3.38 pts to 1996.74 while DJIA closed -42.44 pts down at 17079.57. Asian equities are also generally lower with Nikkei down -0.3% at the moment while HK HSI is down -0.25% at the time of writing. The currency markets are rather s...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral as the consolidation from 1.3152 temporary low continues. Another rise cannot ... - Aug 29 06:17 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.6534 is still in progress. Another recovery cannot... - Aug 29 06:16 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral as consolidation continues below 0.9184 temporary top. Another fall could be s... - Aug 29 06:12 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains mildly on the upside for the moment. A short term bottom is in place at 0.9236, ahead ... - Aug 29 06:03 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 : USD/CHF - Buy at 0.9105
Although the greenback staged a rebound after finding support at 0.9126, reckon this week's high of 0.9185 would limit upside and... - Aug 29 07:50 GMT
Trade Idea: GBP/USD - Buy here
As cable has rebounded again after finding support around 1.6568-70, suggesting consolidation with upside bias would be seen for ... - Aug 29 07:47 GMT
Trade Idea: EUR/USD - Stand aside
Euro's retreat after meeting renewed selling interest at 1.3221 suggests downside risk remains for a retest of this week's low at... - Aug 29 07:41 GMT
Trade Idea: USD/JPY - Buy at 103.20
Dollar's consolidation after this week's initial rise to 104.28 is expected to continue and although near term downside risk rema... - Aug 29 07:24 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 07:55 GMT

Action Bias

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

Fundamental Analysis Reports

GBPCAD Channel Holding Firm
Aug 29 06:58 GMT, by Blackwell Global
The Canadian dollar's recent rally appears to be coming to an end and the Sterling bulls are looking to reverse recent losses. The net result is the GBPCAD cross finding support along the bottom of t...
Oil Plays Of Fundamentals In The Short Term
Aug 29 06:56 GMT, by Blackwell Global
Oil markets are looking bullish in the short term for a change. Despite previous articles where I have talked about the markets being “awash” with oil, it would seem that political tensions would tru...
EURUSD Extends Losses Ahead Of Eurozone's Key Inflation Report
Aug 29 06:36 GMT, by ICN.com
Market consensus is looking for a further decelerating inflation numbers from the Euro zone - a sign the 18-nation economy may be heading towards deflation. Just days before the European Central Bank...
Japan: July Data Suggest The Economy Is Only Recovering Slowly After Tax Hike
Aug 29 06:07 GMT, by Danske Bank
The data released overnight again disappointed and suggest that the recovery in the wake of the consumption tax hike in April will be weaker than expected, albeit Japan will return to positive GDP gr...
EUR/USD: Euro Extends Its Losses, Ahead Of The Eurozone's CPI Data
Aug 29 05:11 GMT, by GCI Financial
The pair is expected to find support at 1.3154, and a fall through could take it to the next support level of 1.3126. The pair is expected to find its first resistance at 1.3216, and a rise through c...
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...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Stays Flat
Aug 29 06:51 GMT, by Dukascopy Swiss FX Group
EUR/USD continues to fluctuate within a tight range this week—between 1.32 and 1.3150. And even though the daily and weekly studies are mostly pointing South right now, there is a good chance the cur...
GBP/USD Remain Beneath Weekly PP
Aug 29 06:50 GMT, by Dukascopy Swiss FX Group
GBP/USD carries on consolidating just below the weekly PP at 1.66 before the sell-off is resumed. However, the Sterling may rise up to the May low at 1.67 prior to a decline. Eventually, the rate is ...
USD/JPY Tests Monthly R1
Aug 29 06:49 GMT, by Dukascopy Swiss FX Group
The currency pair is currently facing the support at 103.50, which is supposed to prevent further depreciation of the U.S. Dollar and then help it surpass the resistance at 104. But in case this scen...
USD/CHF Stands Still At 2014 Q1 High
Aug 29 06:48 GMT, by Dukascopy Swiss FX Group
USD/CHF is presently struggling to gain a foothold above 0.9150, which in turn would allow the pair to target the 2013 Nov 7 high at 0.9250. Judging by the near-term technical indicators, in the end ...
Daily Technical Analysis
Aug 29 06:03 GMT, by FX Instructor
The EURUSD was indecisive yesterday but overall still able to maintain its major bearish bias so far. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen ...
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...
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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