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US Session: Orders and Options Watch
Aug 20 14:21 GMT, by ActionForex.com
GBP: The British pound bounced off low as 2 MPC members voted to raise rates at the latest BOE meeting, however, sell orders are still seen at 1.6680-85 and in good size at 1.6700 and 1.6725, mixture of offers and stops is located at 1.6750 and 1.6775-85, selling interest is expected further out at 1.6800-10 (stops above). On the downside, bids ar...

Technical Outlook

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
USD/CHF Mid-Day Outlook
USD/CHF's break of 0.9114 resistance indicates that recent rebound from 0.8702 has resumed. Intraday bias is back on th... - Aug 20 12:48 GMT

Special Reports

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...
The Week Ahead – All On The US: Jackson Hole, CPI, FOMC Minutes…
Aug 18 06:35 GMT
The focus of the week will likely be in the US, in particular the annual event ...
All Special Reports >>

Markets Snapshot

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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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Currency Heat Map (Daily)

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Last Updated: Aug 21 02:15 GMT

Action Bias

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

Fundamental Analysis Reports

GBPJPY: Stuck Between A Rock And A Hard Place
Aug 21 02:09 GMT, by Forex.com
The GBP was bolstered overnight by a strong signal from the BoJ that we're nearing the new era of tighter monetary policy. In the words of my colleague Kathleen Books, there was mutiny at the BOE (re...
Fed Minutes: Hawkish Shift Drives Buck To New Highs
Aug 21 02:06 GMT, by Forex.com
Traders just received the minutes from the most recent meeting of the Federal Reserve policy committee, and the big takeaway is that the FOMC is shifting in favor of normalizing monetary policy soone...
A Huge Night On Currencies As The US Dollar Pushes Sharply Higher
Aug 21 01:57 GMT, by Vantage FX
Finally – after ages of doing nothing and of complacency the worlds biggest macro market – currencies – has awoken from its slumber. This is important because in these moves you can see evidence, and...
AUD/USD - Aussie Loses Ground After Stevens Comments
Aug 20 14:54 GMT, by MarketPulse
AUD/USD has edged higher on Wednesday, as the pair trades close to the 0.93 line early in the North American session. The pair dipped on Tuesday, following parliamentary testimony from RBA head Glenn...
USD/JPY - Dollar Climbs to 4-Month Highs Against Sagging Yen
Aug 20 13:55 GMT, by MarketPulse
The US dollar continues to gain ground against the Japanese yen, as USD/JPY trades in the mid-103 range early in the North American session. In Japan, All Industries Activities, a minor event, posted...
USDJPY: Navigating Jackson Hole Risk
Aug 20 13:05 GMT, by Forex.com
The Jackson Hole conference of central bankers may not be everyone's idea of a barrel of laughs, but it can be big news for your portfolio. In the past, central bankers have used these speeches to an...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Forex Update: USD/CAD
Aug 21 02:18 GMT, by Autochartist
USD/CAD continues to rise in the direction of the key resistance level 1.1007. USD/CAD is expected to reach this key level in the next 34 trading days. This forecast continues the earlier upward reve...
EURUSD - Weakens, Eyes The 1.3250/00 Levels
Aug 21 02:15 GMT, by FXTechstrategy
EURUSD - With a turn lower occurring for two days in a row and a follow through seen during early trading today, further weakness is now envisaged. Support lies at the 1.3266 level where a break will...
EURUSD Hits an 11-Month Low - Can the Fed Minutes Stem the Bleeding?
Aug 20 13:08 GMT, by Forex.com
US traders are filtering into their desks this hump day to see some broad bullish price action for their home currency. With the exception of the pound, which has been supported by a hawkish mutiny ...
Technical Outlook: GBPUSD, NZDUSD, USDJPY and AUDUSD
Aug 20 12:06 GMT, by Admiral Markets
On Tuesday, the GBPUSD closed below its 200-day EMA for the first time in 12 months; However, the release of Bank of England’s MPC Official Bank Rate Votes revealed that two of the policy membe...
Dollar/Yen At 18 Week High Ahead Of Fed
Aug 20 09:49 GMT, by ZIFX.com
On Tuesday Dollar/Yen continued increasing with 45 pips. The currency couple appreciated from 102.51 to 102.95 yesterday, matching the positive money flow sentiment at nearly +11%, closing the day at...
Forex Technical Analysis
Aug 20 09:00 GMT, by DeltaStock Inc.
Yesterday's break through 1.3330 lows signals a completion of the prolonged consolidation pattern since the beginning of the month and the general downtrend has been renewed, heading towards 1.3200, ...
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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