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Aug 22 05:53 GMT

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Daily Report: Risk Appetite Sent S&P 500 to Record, Yellen Awaited
Aug 22 04:54 GMT, by ActionForex.com
Risk appetite was strong this week as S&P 500 finally surged to close at new record high of 1992.37. DIJA also reclaimed 17000 handle and closed at 17039.49. Asian equities, though, are mixed as Nikkei pared back earlier gains and is trading in red at the time of writing. In the currency markets, dollar is consolidating this week's FOMC minute...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside as current decline should target 100% projection of 1.3993 to 1.3502 f... - Aug 22 05:12 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD as the decline from 1.7190 continues. The current development confirms medium medium term reve... - Aug 22 05:10 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for 0.9156 key resistance. Decisive break there will carry larger bullis... - Aug 22 05:08 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains on the upside for 104.12 resistance. We'd be cautious on strong resistance from there.... - Aug 22 05:06 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 >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9080
As the greenback has retreated after intra-day initial rise to 0.9146, retaining our view that consolidation would be seen and pu... - Aug 21 15:29 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6650
Cable's recovery after intra-day fall to 1.6564 suggests minor consolidation above this level would be seen and corrective bounce... - Aug 21 15:22 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3320
Euro's recovery after intra-day initial fall to 1.3242 has retained our view that minor consolidation would be seen and correctiv... - Aug 21 15:15 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 103.15
The greenback has eased after intra-day initial rise to 103.96 and minor consolidation would be seen and pullback to 103.30-35 ca... - Aug 21 15:10 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 0.7922 and rebounded ... - Aug 21 10:33 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency slipped again and broke below previous support at 1.21... - Aug 21 10:07 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has retreated after meeting resistance at 0.8515 last week... - Aug 20 07:32 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite this week's retreat from 0.8028 to 0.7970, as the single currency has rebounded again, retaining our view that further ch... - Aug 21 14:54 GMT
Trade Idea: USD/CAD - Buy at 1.0900
Despite intra-day rise to 1.0987, lack of follow through buying on break of previous resistance at 1.0986 and current retreat sug... - Aug 21 14:47 GMT
Trade Idea: EUR/JPY - Buy at 137.25
As the single currency has risen again after brief pullback, adding credence to our near term bullishness for the rise from 135.7... - Aug 21 09:36 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9310
Aussie met renewed selling interest at 0.9318 yesterday and fell again, retaining our bearishness for the decline from 0.9505 top... - Aug 21 09:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Euro's rebound after finding support at 0.7922 suggests a minor low h... - Aug 21 11:18 GMT
USD/CAD Elliott Wave Analysis
The greenback only slipped to 1.0860 last week before finding renewed... - Aug 21 11:02 GMT
AUD/USD Elliott Wave Analysis
Although aussie's rebound from 0.9239 suggests consolidation above th... - Aug 20 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 22 05:45 GMT

Action Bias

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

EUR/USD: Euro Trading Higher This Morning, Ahead Of The ECB Chief's Speech
Aug 22 05:39 GMT, by GCI Financial
The pair is expected to find support at 1.3252, and a fall through could take it to the next support level of 1.3224. The pair is expected to find its first resistance at 1.3299, and a rise through c...
GBP/USD: Pound Trading Flat This Morning
Aug 22 05:38 GMT, by GCI Financial
The pair is expected to find support at 1.6561, and a fall through could take it to the next support level of 1.6544. The pair is expected to find its first resistance at 1.6599, and a rise through c...
AUD/USD: Aussie Continues Its Gains In The Asian Session
Aug 22 05:37 GMT, by GCI Financial
The pair is expected to find support at 0.9267, and a fall through could take it to the next support level of 0.9218. The pair is expected to find its first resistance at 0.9343, and a rise through c...
USD/JPY: Japanese Yen Reverses Its Losses, Ahead Of BoJ Governor’s Speech At Jackson Hole
Aug 22 05:36 GMT, by GCI Financial
The pair is expected to find support at 103.61, and a fall through could take it to the next support level of 103.42. The pair is expected to find its first resistance at 103.98, and a rise through c...
USD/CHF: Swiss Franc Extends Its Gains In The Asian Session
Aug 22 05:34 GMT, by GCI Financial
The pair is expected to find support at 0.91, and a fall through could take it to the next support level of 0.9086. The pair is expected to find its first resistance at 0.9137, and a rise through cou...
USD/CAD: Loonie Trading Higher, Ahead Of Canada's CPI Data
Aug 22 05:34 GMT, by GCI Financial
The pair is expected to find support at 1.0920, and a fall through could take it to the next support level of 1.0902. The pair is expected to find its first resistance at 1.0972, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Aug 22 05:47 GMT, by Varengold Bank
Before Federal Reserve Chair Yellen speaks today at a meeting of central bankers in Wyoming, the USD experienced a decline and fell from the highest in months versus the EUR. The U.S. currency slid 0...
The Daily Wave Analysis
Aug 22 04:35 GMT, by Admiral Markets
Price reached the bottom of the downtrend channel (orange) and could retrace for a wave 4 (orange). Price could be in a retracement for wave 4, which often sees a turnaround at the 38.2% Fibonacci re...
Foreign Exchange Market Commentary
Aug 22 04:31 GMT, by HY Markets
THE EURO closed higher on Thursday and the highrange close sets the stage for a steady opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible ne...
Daily Technical Analysis
Aug 22 04:25 GMT, by FX Instructor
The EURUSD didn't make significant movement yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.3200 – 1.3170. Immediate resistance remai...
Market Morning Briefing
Aug 22 03:29 GMT, by Kshitij Consultancy Services
Dollar-Yen (103.81) is consolidating near the minor resistance at 104.10-20 as expected with the uptrend fully intact. Interestingly, Euro-Yen (137.87) is hitting the upper end of the 3-week range of...
AUD/USD – Rallies And Clings Onto Key 0.93 Level
Aug 22 02:47 GMT, by MarketPulse
After threatening to break through the support level at 0.93 for the last couple of days, the Australian dollar finally slid lower to below this level and moved towards the previous key level at 0.92...
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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