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Sep 16 13:26 GMT

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Mid-Day Report: Markets Stay in Consolidation Mode in General
Sep 16 13:09 GMT, by ActionForex.com
Dollar stays in tight range against other major currencies in early US session except that some weakness is seen against Loonie. FOMC will start the two day policy meeting today and markets are eager to see if Fed will change the language in the statement to reflect that rate hike is nearing. Released from US, PPI rose to 1.8% yoy in August as exp...

Technical Outlook

GBP/USD Mid-Day Outlook
The consolidation from 1.6051 temporary low is still in progress and intraday bias in GBP/USD remains neutral. In case ... - Sep 16 13:18 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral for consolidation below 107.93 temporary top. In case of deeper retreat downsi... - Sep 16 13:16 GMT
USD/CHF Mid-Day Outlook
USD/CHF's consolidation from 0.9395 temporary top is still in progress and intraday bias remains neutral. Deeper retrea... - Sep 16 13:10 GMT
GBP/JPY Daily Outlook
A temporary top is in place at 174.65 and intraday bias is turned neutral first. With 172.77 minor support intact, furt... - Sep 16 07:49 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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9290
As dollar has slipped again after intra-day rebound to 0.9363, retaining our view that further consolidation would be seen and an... - Sep 16 13:08 GMT
Trade Idea Update: GBP/USD - Stand aside
Cable's intra-day fall after meeting resistance around the upper Kumo, suggesting consolidation with downside bias would be seen ... - Sep 16 13:06 GMT
Trade Idea Update: EUR/USD - Sell at 1.3010
As the single currency has rebounded after intra-day retreat to 1.2922, retaining our view that consolidation would be seen and a... - Sep 16 13:00 GMT
Trade Idea Update: USD/JPY - Buy at 106.65
As the greenback has continued to trade with a firm undertone, adding credence to our view that recent upmove is still in progres... - Sep 16 12:56 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound dropped to as low as 1.6052 last week, the subs... - Sep 16 08:14 GMT
USD/CHF Candlesticks and Ichimoku Analysis
As the greenback has maintained a firm undertone after recent rally, sugge... - Sep 16 08:12 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency recovered after dropping to 1.2859 last week ... - Sep 15 10:15 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 137.70
As the single currency has retreated after rising to 139.20 last week (just faltered below previous resistance at 139.28), retain... - Sep 16 09:29 GMT
Trade Idea: AUD/USD Sell again at 0.9120
As the Australian dollar has remained under pressure, adding credence to our view that recent decline from 0.9505 top is still in... - Sep 16 09:22 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound recovered after opening lower last week, however, c... - Sep 16 10:03 GMT
GBP/JPY Elliott Wave Analysis
Despite dropping to 169.35 (we recommended in our previous update mad... - Sep 16 09:58 GMT
USD/JPY Elliott Wave Analysis
The greenback has continued to head north after breaking indicated pr... - Sep 15 11:04 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 16 13:20 GMT

Action Bias

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

EURUSD: Finding Resistance on its Way to 1.30
Sep 16 12:14 GMT, by ForexTime
Since the European Central Bank (ECB) surprised the markets by cutting rates and raising deposit rates almost two weeks ago, the EURUSD has entered a consolidation phase. On several different occasio...
Scottish Pride Pounds Sterling
Sep 16 11:51 GMT, by MarketPulse
The dollar remains King. It has risen against a broad basket of currencies for nine-consecutive weeks and so far has completed its longest winning streak in 17-years. Will the Fed end its winning rat...
European Shares Drop Amid Uncertainty About Fed Meeting Outcome
Sep 16 11:20 GMT, by ICN.com
European shares dropped on Tuesday midday trading amid uncertainty about the Fed's two-day meeting outcome and result of Scotland's independence referendum. Nervousness hit European shares to push it...
Gold Shows Little Movement Ahead Of US Inflation Numbers
Sep 16 11:13 GMT, by MarketPulse
Gold prices have edged higher on Tuesday, as the metal tries to bounce back from last week's sharp fall. In the European session, the spot price stands at $1239.11 per ounce. The US dollar ran roughs...
EUR/USD – Little Movement As German Investor Confidence Slips
Sep 16 10:49 GMT, by MarketPulse
The euro continues to show little movement this week. On Tuesday, EUR/USD is trading in the mid-1.29 range. On the release front, the German and Eurozone investor confidence indicators softened in Au...
European Market Update: Germany's ZEW Continued To Decline
Sep 16 10:13 GMT, by Trade The News
USD/RUB: Up by 1.0% on the session at record highs. The Ruble continues to weaken at an accelerated pace with the effects of Russian sanctions and a fragile peace in eastern Ukraine weighing on the c...
All Daily Fundamental Reports >>

Technical Analysis Reports

DAX Testing Key 9600 Support as Market Awaits Direction from Fundamental Events
Sep 16 12:03 GMT, by Forex.com
European stocks opened on the back foot today, largely as a result of long-side profit taking as the market awaits direction from the FOMC tomorrow evening and the outcome of the Scottish independenc...
Dollar/Yen Firm Before Tomorrow's Fed Comments
Sep 16 09:52 GMT, by ZIFX.com
On Monday Dollar/Yen decreased with 35 pips. The currency couple depreciated from 107.37 to 107.00 yesterday, not matching the positive money flow sentiment at around +8%, closing the day at 107.16. ...
GBPUSD Is In A Recovery Mode
Sep 16 09:06 GMT, by Elliott Wave Financial Service
GBPUSD is in a recovery mode, away from 1.0650 where we marked a completed wave 3) that has an open gap near 1.6330. Those gaps usually react as a resistance once they are filled. Therefore, we are e...
Today's Market Outlook
Sep 16 08:59 GMT, by Windsor Brokers Ltd
The Euro continues to trade in a sideways mode, capped for now under 1.2977/85 barriers, with corrective pullbacks being contained above 1.29, round-figure support / Fibonacci 61.8% of 1.2858/1.2977 ...
Cable Vulnerable As Scottish Referendum Looms
Sep 16 08:37 GMT, by ZIFX.com
On Monday Pound/Dollar decreased with 65 pips. The Cable depreciated from 1.6285 to 1.6219 yesterday, in line with the negative money flow sentiment at below -10%, closing the day at 1.6230. Today th...
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...
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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