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Aug 31 06:44 GMT

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Daily Report: Asian Markets Lower on Revived Fed Hike Speculation, Heavy Week Ahead
Aug 31 03:31 GMT, by ActionForex.com
Asian markets open the week trading generally in red on revived talk of Fed rate hike. Nikkei is trading down -200 pts, or -1%, below 19000 handle at the time of writing. China stocks are also weighed down by confusions over the level of government support on the markets. The Shanghai composite ended a three day recovery and is trading down -3%. I...

Technical Outlook

EUR/USD Daily Outlook
Deeper fall is expected in EUR/USD with 1.1363 minor resistance intact. The corrective rise from 1.0461 could have comp... - Aug 31 04:10 GMT
GBP/USD Daily Outlook
With 1.5508 minor resistance intact, further decline is expected in GBP/USD. Recent development suggests that correctiv... - Aug 31 04:06 GMT
USD/CHF Daily Outlook
Recent sideway pattern in USD/CHF is possibly developing into a triangle. From a near term angle, strong resistance wou... - Aug 31 04:03 GMT
USD/JPY Daily Outlook
The rebound from 116.13 might extend higher. But we'd expect strong resistance above 61.8% retracement of 125.27 to 116... - Aug 31 04:00 GMT

Special Reports

Limited Impacts Expected from PBOC's Belated Easing
Aug 26 12:52 GMT
PBOC cut its policy rates by -25 bps, taking the benchmark one-year lending rat...
Fed's Rate Hike Speculations Shrank. Less Likely to Hike Rates in September
Aug 26 12:41 GMT
The China-led global financial market crash has made the case of a September Fe...
Euro Glitters In Global Financial Market Crash
Aug 25 06:45 GMT
Concerns over China's economic growth slowdown have intensified over the past 2...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9515
Dollar's retreat after rising to 0.9673 yesterday suggests minor consolidation below this level would be seen and pullback to pre... - Aug 28 15:37 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although the British pound has fallen again after meeting renewed selling interest at 1.5443 and near term downside risk remains ... - Aug 28 15:33 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1370
As the single currency has retreated again after meeting resistance at 1.1310, suggesting retest of yesterday's low at 1.1203 wou... - Aug 28 15:28 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has remained confined within narrow range and further sideways trading is in store, near term upside risk remain... - Aug 28 15:22 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency topped out at 139.01 and the subsequent stronger-than-... - Aug 28 09:57 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The greenback did resume recent upmove in line with our bullish expectatio... - Aug 28 09:46 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Current anticipated rally after finding renewed buying interest at 0.7026 ... - Aug 27 07:53 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7230
Euro's retreat after faltering below resistance at 0.7364, retaining our view that further consolidation would be seen and test o... - Aug 28 14:25 GMT
Trade Idea: USD/CAD - Stand aside
As 1.3167 has contained the retreat from 1.3354 (this week's high), suggesting this pullback has ended and retest of 1.3354 would... - Aug 28 14:22 GMT
Trade Idea: EUR/JPY - Sell at 137.50
As the single currency found support at 135.26 and has recovered, suggesting consolidation above this level would be seen and reb... - Aug 28 10:17 GMT
Trade Idea: AUD/USD - Stand aside
Aussie found support at 0.7070 yesterday and has rebounded, retaining our view that further consolidation above this week's low a... - Aug 28 10:11 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Euro's retreat from 139.01 turned out to be stronger than expected, s... - Aug 28 10:48 GMT
USD/CHF Elliott Wave Analysis
The greenback found good support at 0.9259 and has staged a strong re... - Aug 28 10:43 GMT
EUR/GBP Elliott Wave Analysis
Euro's anticipated rally after finding renewed buying interest at 0.7... - Aug 27 08:44 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 31 06:35 GMT

Action Bias

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

Asian Market Update: Stocks Fall As Fed's Fischer Keeps Sept Liftoff Possibility In Play, China Defends Devaluation Amid Rumors Of Market Intervention
Aug 31 05:24 GMT, by Trade The News
Equity markets in Asia are down across the board and S&P500 futures are lower by over 25pts or over 1% in the wake of Jackson Hole symposium that proved to be less inclined toward continued accom...
NZDUSD Hits Support After Dismal NZ Business Confidence Data
Aug 31 05:00 GMT, by Forex.com
The kiwi has been assaulted by bears amidst a risk-off tone in the market and following the release of softer than expected business confidence data. Investor sentiment took a turn for the worst at t...
European Open Briefing
Aug 31 04:24 GMT, by IC Markets
Currency markets finished last week's trading largely, by continuing a pullback from the large risk-aversion moves, of which many market watchers linked to concerns regarding China. The EUR/USD has c...
Wrap Up On Jackson Hole
Aug 31 02:57 GMT, by Danske Bank
Several FOMC members have voiced their opinions this weekend at the Jackson Hole Symposium. The most important was Vice Chair Stanley Fischer who participated in a panel discussion on Saturday on inf...
RBA Preview: Will The Bank Be Moved By Recent Events?
Aug 31 02:38 GMT, by Forex.com
The Reserve Bank of Australia (RBA) is widely expected to leave the official cash rate at 2.00% at its policy meeting on Tuesday, ahead of the release of growth figures on Wednesday. There have been ...
Jackson Hole Recap
Aug 31 02:36 GMT, by Vantage FX
The consensus out of the Jackson Hole Economic Symposium seems to be that central banks need to take a step back and view last week's market turmoil from the bigger picture. Yes markets experienced a...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Aug 31 06:14 GMT, by HY Markets
THE EURO closed lower on Friday as it extends this week's decline. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI ...
Divergence On Forex Majors Leads To Rebound
Aug 31 05:38 GMT, by Admiral Markets
The EUR/USD created divergence (purple) and is now challenging the resistance trend line (orange), which could cause a potential ABC correction (green). Whether the wave count is an ABC (green) or a ...
Daily FX Report
Aug 31 04:46 GMT, by Varengold Bank
After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S...
Weekly Technical Outlook And Review
Aug 31 04:09 GMT, by IC Markets
Weekly view: Weekly action shows that early on into last week's trade the EUR/USD began positively. Price traded to fresh highs of 1.1712, breaking above a weekly supply zone at 1.1532-1.1278 which j...
Market Morning Briefing
Aug 31 03:54 GMT, by Kshitij Consultancy Services
Euro (1.1236) and Pound (1.5430) have slightly risen from last week low near 1.1154 and 1.5334. Euro has equal chances of a bounce from here towards 1.15 or a further fall to 1.09 before bouncing bac...
Daily Technical Analysis
Aug 31 02:51 GMT, by FX Instructor
The EURUSD attempted to push higher last week topped at 1.1712 but whipsawed to the downside and closed lower at 1.1184 in a high volatile market. Price traded a little bit higher earlier today hit 1...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
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...
All Long Term Forecasts >>
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