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Aug 20 04:49 GMT

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US Session: Orders and Options Watch
Aug 19 14:07 GMT, by ActionForex.com
EUR: The single currency slipped to fresh 2014 low in NY morning after US data, bids at 1.3335-45 together with stops below barrier at 1.3325 were tripped, some defensive bids remain at 1.3300-10 with more stops placed below another barrier at figure, fresh demand is tipped at 1.3285, 1.3265 and 1.3250. On the upside, offers are lowered to 1.3350-...

Technical Outlook

USD/CHF Mid-Day Outlook
USD/CHF is staying in range below 0.9114 and intraday bias remains neutral. o change in the near term outlook as price ... - Aug 19 13:14 GMT
USD/JPY Mid-Day Outlook
USD/JPY's rebound from 101.50 extends higher today but is kept below 103.08 resistance. Intraday bias stays neutral fir... - Aug 19 13:11 GMT
GBP/USD Mid-Day Outlook
GBP/USD's fall resumed by taking out 1.6657 and reaches as low as 1.6622 in early US session. As noted before, the medi... - Aug 19 13:08 GMT
EUR/USD Mid-Day Outlook
EUR/USD drops to as low as 1.3318 so far in early US session and the break of 1.3332 temporary low confirmed resumption... - Aug 19 13:01 GMT

Special Reports

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 ...
BOE Downgraded Wage Growth Outlook, Sent Little News about Tightening
Aug 13 13:07 GMT
The BOE's latest quarterly inflation report turned out to be more dovish than e...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9065
As the greenback has surged again after brief pullback, suggesting near term bullishness remains for the rebound from last week's... - Aug 19 15:25 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
The British pound has remained under pressure after intra-day selloff below previous support at 1.6658 on lower-than-expected UK ... - Aug 19 15:21 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3350
Current break of indicated previous support at 1.3333 signals recent decline has resumed and may extend weakness to 1.3300-06 (61... - Aug 19 15:16 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 101.45
Dollar's breach of previous resistance at 102.72 signals the rise from 101.51 is still in progress and further gain to 102.93 res... - Aug 19 15:11 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Despite falling to 1.6658 late last week, the British pound opened higher ... - Aug 19 07:00 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback retreated again last week after faltering below rec... - Aug 19 06:57 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Euro's near term sideways trading is likely to continue and although recov... - Aug 18 10:00 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Although the single currency rebounded after intra-day marginal fall to 0.7983, break of last week's high of 0.8036 is needed to ... - Aug 19 14:48 GMT
Trade Idea: USD/CAD - Buy at 1.0895
As the greenback has rebounded after holding above last week's low at 1.0860, suggesting as long as this level holds, consolidati... - Aug 19 14:22 GMT
Trade Idea: EUR/JPY - Buy at 136.50
As the single currency has retreated after rising to 137.62 late last week, suggesting consolidation would be seen, however, reck... - Aug 19 08:40 GMT
Trade Idea: AUD/USD - Sell at 0.9370
Although aussie has continued to edge higher and near term upside risk remains for the rebound from 0.9239 to extend gain to 0.93... - Aug 19 08:35 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Last week's breach of previous support at 1.6660 adds credence to our... - Aug 19 08:58 GMT
GBP/JPY Elliott Wave Analysis
Although the British pound met renewed selling interest at 172.60 las... - Aug 19 08:52 GMT
USD/JPY Elliott Wave Analysis
As the greenback found good support at 101.51 and has rebounded, reta... - Aug 18 10:32 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 20 04:40 GMT

Action Bias

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

Fundamental Analysis Reports

GBP/USD – Pound Plunges On Weak British CPI
Aug 20 02:39 GMT, by MarketPulse
The pound has dropped over 100 points on Tuesday, as GBP/USD trades in the low-1.66 range in the North American session. British inflation indicators softened in July, led by CPI, the primary gauge o...
Japan's Trade Deficit Widens More Than Estimated In July
Aug 20 02:24 GMT, by ICN.com
Japanese economy recorded more-than-estimated trade balance deficit during the month of July, where imports accelerated more than estimated, adding speculations for another stimulus packs. Adjusted M...
Japan's Exports Are Back In The Black, AUDJPY Is Looking Top-Heavy
Aug 20 02:22 GMT, by Forex.com
Japan trade deficit unexpectedly widened in July after imports rose more than expected. The trade balance fell to -964bn yen from a revised deficit of 823.2bn, missing an expected shrinking of the de...
Currency Traders Catch Up To The US Economic Strength – Sterling Tanks
Aug 20 02:12 GMT, by Vantage FX
Now of course Sterling is just one of a raft of global assets traders can trade but with a 5 big figure sell off it highlights the risk in extrapolating strength in markets to infinity. Indeed while ...
USD/CAD - Higher as US Housing Numbers Improve
Aug 19 15:34 GMT, by MarketPulse
USD/CAD has posted modest gains on Tuesday, as the pair is trading above the 1.09 line in the North American session. On the release front, Tuesday's numbers were mixed. CPI and Core CPI posted weak ...
AUD/USD - Stable as RBA Says Rates to Remain Unchanged
Aug 19 15:18 GMT, by MarketPulse
AUD/USD is stable on Tuesday, as the pair trades in the low-0.93 range early in the North American session. On the release front, the RBA minutes stated that a rate hike is unlikely. Later on, RBA Go...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Wave Analysis
Aug 20 04:42 GMT, by Admiral Markets
The wave 5 (orange) is falling towards Fibonacci targets but could also expect potential support at the weekly horizontal levels (blue). Yesterday's bearish breakout is working out nicely and price i...
Foreign Exchange Market Commentary
Aug 20 04:15 GMT, by HY Markets
THE EURO closed lower on Tuesday as it broke out to the downside of the trading range of the past threeweeks thereby renewing this summer's decline. The lowrange close sets the stage for a steady to ...
Daily Technical Analysis
Aug 20 03:53 GMT, by FX Instructor
The EURUSD had a bearish momentum yesterday, broke below 1.3330 and hit 1.3304 earlier today. The bias is bearish in nearest term testing 1.3250 or lower. Immediate resistance is seen around 1.3330. ...
Market Morning Briefing
Aug 20 03:36 GMT, by Kshitij Consultancy Services
Dollar-Yen (102.94) is trading at the higher end of the range of 101.50-103.00 but despite the weakness of nearly all the Majors, the range bound price action may not end just now. Interestingly, Eur...
AUD/USD - Looking For Support At 0.93
Aug 20 02:49 GMT, by MarketPulse
The Australian dollar is threatening to break through the support level at 0.93, after recently falling sharply from above 0.9340 in recent hours. Over the last month or so, it has generally been sli...
Australia 200 - Threatening To Move To Multi-Year High
Aug 20 02:41 GMT, by MarketPulse
The Australian 200 Index has enjoyed a solid move higher over the last week bouncing off the support level at 5400 up to a two week high above 5550, however it appears to be looking beyond to a new m...
All Daily Technical Reports >>

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Central Bank Analysis
Economic Data Reviews
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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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