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Aug 21 06:15 GMT

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Daily Report: Dollar Extended Rally on Hawkish Fed Minutes
Aug 21 06:03 GMT, by ActionForex.com
Dollar surged broadly as Fed delivered more hawkish than expected FOMC minutes overnight. The FOMC minutes for the July meeting unveiled that policymakers had detailed discussion of the exit strategy. The Fed has also planned to officially update their exit principles later this year. We expect to see the update in September. On the economic outlo...

Technical Outlook

USD/CAD Daily Outlook
USD/CAD rises to as high as 1.0986 so far today and the breach of 1.0985 suggests that rally from 1.0620 is resuming. I... - Aug 21 06:04 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Current decline should target 100% projection of 1.399... - Aug 20 12:56 GMT
GBP/USD Mid-Day Outlook
GBP/USD recovers today but stays below 1.6737 resistance. Intraday bias remains on the downside. The current developmen... - Aug 20 12:53 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the upside for the moment and current rebound form 100.82 should target 104.12 resi... - Aug 20 12:51 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 >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9080
As the greenback has continued to trade with a firm bias after breaking above previous resistance at 0.9115, adding credence to o... - Aug 20 15:55 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Cable's intra-day rebound after MPC vote outcome suggests consolidation above intra-day low of 1.6602 would be seen, above intra-... - Aug 20 15:50 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3320
As the single currency has remained under pressure after yesterday's selloff below previous support at 1.3333, adding credence to... - Aug 20 15:46 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 102.90
The greenback has maintained a firm undertone after this week's rally above previous resistance at 103.09, adding credence to our... - Aug 20 15:42 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has retreated after meeting resistance at 0.8515 last week... - Aug 20 07:32 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar only bounced to 0.9345 (we recommended to sell at ... - Aug 20 07:28 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Despite falling to 1.6658 late last week, the British pound opened higher ... - Aug 19 07:00 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite yesterday's rebound to 0.8028, as the single currency has retreated again after holding below last week's high of 0.8036,... - Aug 20 14:59 GMT
Trade Idea: USD/CAD - Buy at 1.0900
As the rebound from last week's low at 1.0860 gathered momentum, adding credence to our view that pullback from 1.0986 has ended ... - Aug 20 14:55 GMT
Trade Idea: EUR/JPY - Buy at 136.50
Euro's near term sideways trading is likely to continue, however, reckon downside would be limited to 136.40-50 and bring anoth... - Aug 20 09:49 GMT
Trade Idea: AUD/USD - Sell at 0.9310
Despite yesterday's rise to 0.9345, the subsequent retreat suggests the rebound from 0.9239 has ended there and consolidation w... - Aug 20 09:46 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie's rebound from 0.9239 suggests consolidation above th... - Aug 20 11:25 GMT
EUR/CAD Elliott Wave Analysis
The single currency only bounced to 1.4734 earlier this month before ... - Aug 20 11:19 GMT
GBP/USD Elliott Wave Analysis
Last week's breach of previous support at 1.6660 adds credence to our... - Aug 19 08:58 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 21 06:10 GMT

Action Bias

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

EUR/USD: Euro Trading Lower Ahead Of PMI Data From The Euro-Zone And Its Peripheries
Aug 21 05:30 GMT, by GCI Financial
The pair is expected to find support at 1.3222, and a fall through could take it to the next support level of 1.3196. The pair is expected to find its first resistance at 1.3295, and a rise through c...
GBP/USD: Pound Trading On A Lower Footing This Morning
Aug 21 05:29 GMT, by GCI Financial
The pair is expected to find support at 1.6541, and a fall through could take it to the next support level of 1.6506. The pair is expected to find its first resistance at 1.6646, and a rise through c...
AUD/USD: Aussie Trading On A Lower Footing This Morning
Aug 21 05:27 GMT, by GCI Financial
The pair is expected to find support at 0.9217, and a fall through could take it to the next support level of 0.9186. The pair is expected to find its first resistance at 0.93, and a rise through cou...
USD/JPY: Japanese Yen Continues With Its Losses This Morning
Aug 21 05:27 GMT, by GCI Financial
The pair is expected to find support at 103.19, and a fall through could take it to the next support level of 102.51. The pair is expected to find its first resistance at 104.25, and a rise through c...
USD/CHF: Swiss Franc Extends Its Losses In The Asian Session, Ahead Of Swiss Trade Balance Data
Aug 21 05:25 GMT, by GCI Financial
The pair is expected to find support at 0.9108, and a fall through could take it to the next support level of 0.9073. The pair is expected to find its first resistance at 0.9162, and a rise through c...
USD/CAD: Loonie Trading On A Lower Footing In The Asian Session
Aug 21 05:24 GMT, by GCI Financial
The pair is expected to find support at 1.0945, and a fall through could take it to the next support level of 1.0909. The pair is expected to find its first resistance at 1.1001, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Forecaster: USDJPY
Aug 21 05:03 GMT, by FX-Forecaster
Yesterday saw an acceleration which I hadn't expected quite so quickly. It is now approaching the high-end of the 103.74-93 projection area. Allow for 104.07. From here I suspect a correction back to...
Euro Descends Further On Hawkish Fed
Aug 21 04:53 GMT, by ZIFX.com
On Wednesday Euro/Dollar continued decreasing with 70 pips. The European currency depreciated from 1.3325 to 1.3254 yesterday, matching the negative money flow sentiment at almost -18%, closing the d...
Foreign Exchange Market Commentary
Aug 21 04:07 GMT, by HY Markets
THE EURO closed lower on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearis...
Eur/Yen, The Next To Surge ?
Aug 21 03:44 GMT, by Foreign Exchange Analytics
In the July 31st email, affirmed the view of an important bottoming in the 136.00/25 support area (Feb low, base of bull channel from July 2012), and now with potential for an upside acceleration dir...
Market Morning Briefing
Aug 21 03:30 GMT, by Kshitij Consultancy Services
Dollar-Yen (103.87) is hitting a 5-month high after breaking above 103 contrary to expectations. Now expect minor resistance at 104.10-20 and major resistance at 105.25-45. Interestingly, Euro-Yen (1...
AUD/USD - May Have Eyes On Support At 0.9220
Aug 21 02:32 GMT, by MarketPulse
After threatening to break through the support level at 0.93, the Australian dollar has finally slid lower to below this level after mounting another rally in recent hours. Over the last month or so,...
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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