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Sep 16 07:25 GMT

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Daily Report: Aussie Consolidates after RBA Minutes
Sep 16 03:52 GMT, by ActionForex.com
Aussie is trading in tight range above 0.9 against dollar after earlier dive this week. The RBA minutes for September meeting reiterated the central bank's neutral stance to keep interest rate at current level of 2.50% for a period of time. Also, it also maintained the message that exchange rate of the currency remains above its fundamental value....

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for consolidation above 1.2859 temporary low. Upside of recovery should be lim... - Sep 16 04:08 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for consolidation above 1.6051 temporary low. Upside of recovery should be lim... - Sep 16 04:07 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for consolidations below 0.9395 temporary top. In case of another retreat, dow... - Sep 16 04:02 GMT
USD/JPY Daily Outlook
A temporary top is in place at 107.39 and intraday bias is turned neural in USD/JPY. Some consolidations would be seen ... - Sep 16 04:01 GMT

Special Reports

FOMC Meeting And Scottish Referendum Key Market Movers
Sep 15 07:58 GMT
We have a busy week ahead with the focus clearly on the FOMC meeting and Scotti...
RBNZ Paused In Rate Hike, Probably Until Next Year
Sep 11 03:39 GMT
The RBNZ delayed the rate hike schedule in September amidst lower inflation for...
Pound Got Pounded - Scottish Independence Referendum Creates Huge Uncertainty In UK's Prospect
Sep 09 04:26 GMT
The major event in the UK this month is undoubtedly Scotland's independence ref...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9290
Dollar's retreat after intra-day rebound to 0.9373 has retained our view that further consolidation would be seen and another cor... - Sep 15 15:51 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6310
Cable's near term sideways trading below indicated resistance at 1.6279 (38.2% Fibonacci retracement of 1.6644-1.6052) is expecte... - Sep 15 15:46 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3010
Euro's rebound after intra-day fall to 1.2909 has retained our view that further consolidation would be seen and another correcti... - Sep 15 15:40 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 106.50
Although current firmness suggests recent upmove is still in progress and may extend further gain to 107.50-55, weakening of near... - Sep 15 15:34 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency recovered after dropping to 1.2859 last week ... - Sep 15 10:15 GMT
USD/JPY Candlesticks and Ichimoku Analysis
As recent upmove gathered momentum last week after breaking previous chart... - Sep 15 09:51 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Despite last week's brief fall to 135.82, as the single currency found dec... - Sep 12 11:18 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Although euro's retreat after last week's brief rise to 0.8066 suggests consolidation below this level would be seen, only a brea... - Sep 15 14:13 GMT
Trade Idea: USD/CAD - Buy at 1.0970
As the greenback has eased after intra-day marginal rise to 1.1099, suggesting minor consolidation would be seen and correction t... - Sep 15 14:09 GMT
Trade Idea: EUR/JPY - Buy at 137.70
Last week's rally together with the breach of previous resistance at 138.28 add credence to our view that low has been formed at ... - Sep 15 09:14 GMT
Trade Idea: AUD/USD Sell again at 0.9120
Aussie opened lower today and has remained under pressure, suggesting recent decline from 0.9505 top is still in progress and thi... - Sep 15 09:08 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
The greenback has continued to head north after breaking indicated pr... - Sep 15 11:04 GMT
EUR/USD Elliott Wave Analysis
The single currency remained under pressure after recent selloff, rei... - Sep 15 10:57 GMT
EUR/JPY Elliott Wave Analysis
Despite last week's late fall to 135.82, the subsequent strong reboun... - Sep 12 11:41 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Sep 16 07:20 GMT

Action Bias

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

Quiet Trading Before Fed And The Scottish Referendum
Sep 16 07:20 GMT, by Swissquote Bank SA
Nothing much has happened overnight. The risk sentiment remains contained as markets are awaiting the outcome of this week's key events. The two-day FOMC meeting starts today. The market expectations...
Franc Falls On PPI Data, Investors Awaits SNB's Monetary Policy Announcement
Sep 16 07:19 GMT, by Dukascopy Swiss FX Group
The Swiss Franc lost vis-Ă -vis its major counterparts after the official data from the Federal Statistical Office showed the Swiss producer and import prices fell for the eleven straight month in Aug...
Euro Zone's Trade Surplus Widens, Fitch Sees No Effectiveness Of TLTRO In Southern Europe
Sep 16 07:17 GMT, by Dukascopy Swiss FX Group
The Euro zone's trade surplus widened in July, as exports rose faster than imports. Eurostat's data showed that trade surplus was 21.2 billion euros, up from 18.0 billion in the same period last year...
U.S. Industrial Output Falls In August
Sep 16 07:16 GMT, by Dukascopy Swiss FX Group
Industrial production in the U.S. unexpectedly declined in August for the first time in seven months amid reversal in the auto-sector after a strong performance in the previous month. Output at facto...
Scottish Independence Referendum Is Looming, Small Businesses Confidence At Record High
Sep 16 07:14 GMT, by Dukascopy Swiss FX Group
While everyone is getting even more worried about the U.K. economic prospects, pulling almost 17 billion pounds out of the nation's economy, the biggest drain of financial assets since the Lehman col...
RBA Keeps OCR On Hold, Worried About Aussie And Housing Market
Sep 16 07:12 GMT, by Dukascopy Swiss FX Group
The Reserve Bank of Australia reiterated once again its pledge to keep the official cash rate on hold and it will not alter it any time soon to help the economy through a tough transition in growth. ...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Stays Glued To 1.29
Sep 16 07:05 GMT, by Dukascopy Swiss FX Group
The Euro continues to trade flat, being unable neither to break the support at 1.29 nor to decouple from it and challenge some of the nearby resistances. However, in the end the bears are expected to...
GBP/USD Bounced Off 1.6250
Sep 16 07:04 GMT, by Dukascopy Swiss FX Group
As GBP/USD has just confirmed the resistance at 1.6250, the Sterling should lose some ground in the nearest future. The first target will be the support at 1.61, represented by the monthly S3 level. ...
USD/JPY Makes A Pause
Sep 16 07:03 GMT, by Dukascopy Swiss FX Group
USD/JPY is presently taking a break to gather strength before conquering 108 and thereby opening a path towards the 2008 high at 110.50. In case of a correction the currency pair should be underpinne...
USD/CHF Retains Bullish Outlook
Sep 16 07:02 GMT, by Dukascopy Swiss FX Group
Though the U.S. Dollar is hesitant to appreciate at the moment, the market is bullish—since May the pair has already covered seven figures. The consolidation that emerged after the accelerated advanc...
Daily FX Report
Sep 16 05:58 GMT, by Varengold Bank
Output at U.S. factories, mines and utilities fell 0.1 percent in August after a 0.2 percent gain in July. Manufacturing also declined by 0.4 percent as auto production decreased 7.6 percent. As a re...
Euro Pauses Declining Ahead Of FOMC Meeting
Sep 16 04:31 GMT, by ZIFX.com
On Monday Euro/Dollar decreased with almost 70 pips. The European currency depreciated from 1.2977 to 1.2908 yesterday, matching the negative money flow sentiment at nearly -14%, closing the day at 1...
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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