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Dollar Jumps as Bernanke Signals End of Asset Purchases around Mid 2014
Jun 19 19:02 GMT, by ActionForex.com
Dollar rebounds strongly after Fed left policy unchanged as widely expected and painted a better economy outlook. In the latest projections, unemployment rate was revised down, GDP revised up and inflation revised down. Also, chairman Bernanke said that it would be appropriate to moderate the pace of purchases later this year if incoming data ...

Technical Outlook

EUR/USD Mid-Day Outlook
No change in EUR/USD's outlook. Rebound from 1.2746 is viewed as a corrective move and we'd expect strong resistance ab... - Jun 19 13:07 GMT
GBP/USD Mid-Day Outlook
GBP/USD might have topped at 1.5751 on bearish divergence condition in 4 hours MACD. Also, the corrective rise from 1.4... - Jun 19 13:05 GMT
USD/CHF Mid-Day Outlook
USD/CHF's sideway consolidation from 0.9130 is still in progress and intraday bias stays neutral for the moment. With 0... - Jun 19 13:03 GMT
USD/JPY Mid-Day Outlook
USD/JPY fails to sustain above 95 level and weakens mildly again today. It's still bounded in established range and mor... - Jun 19 12:42 GMT

Special Reports

BOE Voted 6-3 To Leave Asset Purchases Size Unchanged
Jun 19 10:30 GMT
The minutes for the June BOE minutes showed that 6 out of 9 board members voted...
Aussie Dropped As RBA Minutes Gave The Green Light For Further Easing
Jun 18 07:06 GMT
The RBA released the minutes for the June meeting, explaining rationales for th...
Fed To Meet On Wednesday With World Attention On Tapering Schedule
Jun 17 10:54 GMT
At the June FOMC meeting, the focus would remain on discussion about the taperi...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 0.9260
Although dollar's near term sideways trading is likely to continue, yesterday's retreat from 0.9262 to 0.9176 suggests correction... - Jun 19 16:01 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5710
Despite intra-day retreat to 1.5603, as the British pound has rebounded after holding above indicated support at 1.5565, retainin... - Jun 19 15:58 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has continued to trade with a firm undertone after rising to 1.3416 yesterday, near term bullishness remai... - Jun 19 15:55 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's near term sideways trading is expected to continue and the retreat from yesterday's high of 95.77 is likely to be limite... - Jun 19 15:51 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
The Australian dollar continued to meet resistance around the Tenkan-Sen a... - Jun 19 10:12 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Aussie did rebound to indicated upside target at 0.9600 as suggested in ou... - Jun 19 09:46 GMT
GBP/USD Candlesticks and Ichimoku Analysis
As the British pound has continued to move higher after breaking previous ... - Jun 18 10:05 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.8485 or on break of 0.8600
Yesterday's strong rebound suggests a test of resistance at 0.8598 would be seen, however, a break there is needed to suggest a p... - Jun 19 14:58 GMT
Trade Idea: USD/CAD - Buy at 1.0090
Despite intra-day rebound to 1.0239, current retreat has retained our view that near term downside risk remains for another fall ... - Jun 19 14:50 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency rebounded early this week after holding above last week's low of 124.94 and we are keeping our view ... - Jun 19 09:04 GMT
Trade Idea: AUD/USD – Buy at 0.9400
Although aussie has rebounded after intra-day brief fall to 0.9435, above 0.9575-80 is needed to signal the fall from 0.9666 has ... - Jun 19 09:00 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie retreated after rebounding to 0.9666 last week, if ou... - Jun 19 11:05 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency extended recent decline from 1.2650 top ... - Jun 19 10:54 GMT
GBP/USD Elliott Wave Analysis
Although the British pound edged higher again last week and near term... - Jun 18 12:04 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jun 19 23:30 GMT

Action Bias

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

Fundamental Analysis Reports

Federal Reserve Holds the Line on Asset Purchases, But Signals Reduced Downside Risk to Economic Outlook
Jun 19 19:25 GMT, by Forex.com
As expected, the Federal Open Market Committee (FOMC) made no change to its current asset purchase program. It will continue to purchase $45 billion per month in Treasury securities, $40 billion per ...
June FOMC Statement Removes Downside Risks and Opens the Door to Tapering QE in 2013
Jun 19 19:23 GMT, by Forex.com
In his press conference, Bernanke stated "it may be appropriate to moderate the pace of purchases later this year" assuming that the incoming data remains consistent with Fed forecasts - Those foreca...
Are EUR Bulls Prepared For The FOMC Decision?
Jun 19 11:12 GMT, by OANDA
So far there have been no surprises - consolidation is the name of the game this morning before 'helicopter' Ben gets to his press conference. The G10 major currencies have essentially traded sideway...
Dollar Steadies Ahead Of Fed Policy Meeting Outcome, Yen Gains On Data
Jun 19 10:29 GMT, by ICN.com
The dollar steadied against its major counterparts on Wednesday's European trading session as investors held their breath awaiting the outcome of the Federal Reserve`s policy meeting for signs on the...
European Market Update
Jun 19 09:59 GMT, by Trade The News
FX market price action was well contained under the shadow of today's FOMC policy outcome. The USD directional trend hinges on the outcome. Dealers seem keen on the Fed's forecasts for guidance on QE...
FOMC Verdict Is Key
Jun 19 09:38 GMT, by Swissquote Bank SA
Today, the key event is the FOMC meeting and the following decision on whether the Fed will taper the QE or not. In his May 22th press conference, the Fed President Bernanke had stated that if the ec...
All Daily Fundamental Reports >>

Technical Analysis Reports

USD/CAD - Anchoring into Channel after Wedge Breakout, FOMC Anticipation
Jun 19 13:44 GMT, by FXTimes
Broken wedge: USD/CAD has broken above a falling wedge as seen in the 1H chart. This breakout opens up the 1.0285 high, where the falling wedge started. Note the break above the 200-hour SMA. The RSI...
USD/JPY Awaiting the FOMC Decision to Break out from Consolidation
Jun 19 13:01 GMT, by FXTimes
Consolidation: The USD/JPY is finding itself in a consolidation range between 95.80 and 93.75. The RSI in the 4H chart is around 50, reflecting a neutral momentum, but with bearish bias since it has ...
S&P500 Maintaining Bullish Bias ahead of the FOMC Policy Decision
Jun 19 12:59 GMT, by FXTimes
Bullish maintenance: The S&P500 has retreated from a record high at 1687.4 to find support at a previous resistance near 1598.5. So far in June, it has traded sideways, holding the RSI above 40, ...
EUR/USD Consolidates Around 1.34 ahead of the FOMC Risk
Jun 19 11:30 GMT, by FXTimes
Triangle breakout: EUR/USD price action during the 6/18 broke above an ascending triangle seen in the 1H chart as well as break above the 1.34 handle. However, ahead of the FOMC meeting, it is holdin...
USD/JPY Steady, Fed Policy Awaited
Jun 19 09:35 GMT, by ZIFX.com
On Tuesday Dollar/Yen increased with 135 pip range. The currency couple appreciated from 94.40 to 95.76 yesterday, matching the positive money flow sentiment at around +16%, closing the day at 95.28....
Forex Technical Analysis
Jun 19 09:27 GMT, by DeltaStock Inc.
Yesterday's slide was reversed at 1.5564 and current intraday bias is positive, for a rise through 1.5750, en route to 1.5870. Crucial on the intraday frames is 1.5614 low.
All Daily Technical Reports >>

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Long Term Forecasts

The Federal Reserve's Exit Strategy: How Will It Unfold?
Jun 13 15:01 GMT, by TD Bank Financial Group
Quantitative easing (QE) has been one of the most controversial aspects of the Federal Reserve's st...
Is the U.K. Economy (Finally) Turning the Corner?
Apr 29 15:48 GMT, by Wells Fargo Securities
Recently released data show that real GDP in the United Kingdom grew 0.3 percent (1.2 percent at an...
Easy Money: Japan's Policy Gamble
Apr 13 04:00 GMT, by Wells Fargo Securities
This report focuses on Japan and considers the domestic implications of the bold fiscal and monetar...
A Bird's Eye View of the Global Economy
Mar 19 16:25 GMT, by TD Bank Financial Group
The global economy grew by an estimated 2.9% in 2012. The euro zone double dip recession, a softer ...
FX Top Trades 2013: How to Position for the Coming Year
Dec 05 14:55 GMT, by Danske Bank
For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2...
All Long Term Forecasts >>
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