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Sep 23 08:19 GMT

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Daily Report: Dollar Mildly Lower as Fed Dudley Warned of Strength
Sep 23 02:47 GMT, by ActionForex.com
The greenback weakened mildly overnight as a Fed dove warned of the strengthen of the currency. New York Fed president William Dudley said that a strong dollar would mean poorer trade performance, less exports, more imports . And, appreciation of the dollar would tend to dampen inflation and make it harder to achieve Fed's mandate. Separately, ...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neural for some consolidations below 180.70 temporary top. Downside of consolidation w... - Sep 23 04:13 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for consolidations below 141.21 temporary top. Downside is expected to be cont... - Sep 23 04:11 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains mildly on the upside for the moment. That breach of 1.4477 resistance affirmed that ch... - Sep 23 04:09 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for consolidations above 0.7809 temporary low. While stronger recovery cannot ... - Sep 23 04:05 GMT

Special Reports

The Aftermath of Scottish Referendum
Sep 20 03:08 GMT
The dust is settled in the Scottish referendum with 55% voted No to independe...
SNB Strengthened Stance To Interfere EURCHF If Inflation Deteriorates Further
Sep 18 11:24 GMT
The SNB intensified the stance that it would use all possible means to combat d...
FOMC Left 'Considerable Time' Language But Generally Viewed As More Hawkish
Sep 18 02:54 GMT
Market reactions suggested that investors viewed the September FOMC meeting as ...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Hold short entered at 0.9400
Although the greenback edged higher to 0.9421 yesterday, as dollar ran into renewed selling interest there and has retreated, ret... - Sep 23 07:37 GMT
Trade Idea: GBP/USD - Sell at 1.6405
Although the British pound has retreated after meeting resistance around the upper Kumo, near term upside risk remains for the re... - Sep 23 07:33 GMT
Trade Idea: EUR/USD - Stand aside
Despite yesterday's brief fall to 1.2816, the subsequent rebound suggests consolidation above this level would be seen and test o... - Sep 23 07:28 GMT
Trade Idea: USD/JPY - Buy at 108.30
As the greenback has slipped after meeting resistance at 109.19 (twice), retaining our view that further consolidation below last... - Sep 23 07:23 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although cable's rebound from 1.6052 turned out to be stronger than expect... - Sep 23 07:13 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback only eased to 0.9300 (we recommended to buy dollar at 0.9260... - Sep 23 07:11 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency has fallen again after brief recovery to 1.2995 last w... - Sep 22 10:01 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7915
Although euro has rebounded after last week's selloff to 0.7810 and consolidation above this level would be seen, reckon upside w... - Sep 22 14:39 GMT
Trade Idea: USD/CAD - Buy at 1.0970
Although the greenback dropped briefly to 1.0887 last week, the pair found decent demand there and has staged a strong rebound, s... - Sep 22 14:34 GMT
Trade Idea: EUR/JPY - Buy at 139.15
Although the single currency surged to as high as 141.23, the subsequent sharp retreat suggests consolidation below there would b... - Sep 22 08:42 GMT
Trade Idea: AUD/USD - Buy at 0.8900
As aussie has continued to head south after recent selloff, suggesting near term downside risk remains for the decline from 0.950... - Sep 22 08:33 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
As the greenback has surged again after brief pullback to 106.81, add... - Sep 22 10:52 GMT
EUR/USD Elliott Wave Analysis
The single currency has fallen again after meeting renewed selling in... - Sep 22 10:38 GMT
EUR/JPY Elliott Wave Analysis
Although the single currency surged to as high as 141.23 today, the q... - Sep 19 10:57 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 23 08:10 GMT

Action Bias

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

Weidmann Criticizes ECB Stimulus Decisions As Draghi Confirms Weak Economic Conditions In Eurozone
Sep 23 08:07 GMT, by Dukascopy Swiss FX Group
President of the Bundesbank Jens Weidmann expressed concern about effectivity of the European Central Bank's new support measures, undertaken earlier during the previous week. In particular, he spoke...
U.S. Existing Home Sales Slid, New York Fed President Dudley Says Rates To Depend On Many Factors
Sep 23 08:06 GMT, by Dukascopy Swiss FX Group
Existing home sales in the United States decreased for the first time in last five months, falling by 1.8% in August on a monthly basis to reach 5.05 million. Data for July was revised slightly downw...
Bank Of Canada's Wilkins Admits Rates May Stay Low For Long Time
Sep 23 08:04 GMT, by Dukascopy Swiss FX Group
Deputy Governor of the Bank of Canada, speaking in Toronto on Monday, said that the regulator will most likely keep maintaining interest rates at low level for a prolonged period of time, even when e...
Chinese Manufacturing Grows Despite Concerns
Sep 23 08:03 GMT, by Dukascopy Swiss FX Group
Growth in the manufacturing sector of China is likely to increase in the nearest future, keeping country's economy away from uplifted volatility and downturns on the global market. The benchmark purc...
Manufacturing PMIs In Focus, FX Quiet
Sep 23 07:32 GMT, by Swissquote Bank SA
Economic news from China is mixed in September. The HSBC flash PMI suggests expansion of manufacturing activity this month, while the employment sub-index falls to 46.9 – 5 ½ year low. Despite soft e...
China: Slight Improvement In HSBC Manufacturing PMI Suggests Slowdown Less Severe Than Feared
Sep 23 06:51 GMT, by Danske Bank
The flash estimate for China's HSBC/Markit manufacturing PMI in September unexpectedly improved to 50.5 (consensus: 50.0, DBM: 49.4) from a final reading of 50.2 in August. The HSBC/Markit manufactur...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD To Respect Resistance At 1.29
Sep 23 07:43 GMT, by Dukascopy Swiss FX Group
The situation has not developed much since the previous report, and EUR/USD is still considered bearish. The downward-sloping trend-line together with the monthly S2 at 1.29 should keep the bulls at ...
GBP/USD Testing Durability Of A Down-Trend
Sep 23 07:42 GMT, by Dukascopy Swiss FX Group
GBP/USD launched yet another attack on the down-trend at 1.64, which has been intact since the beginning of July. If the currency pair succeeds, the resistance at 1.65 will have to come into play. Th...
USD/JPY Undergoes Correction
Sep 23 07:40 GMT, by Dukascopy Swiss FX Group
USD/JPY is getting further and further away from 109, but nonetheless retains bullish long-run outlook. The nearest support is at 108.40 represented by the weekly PP, though the current dip can easil...
USD/CHF Still Capped By Monthly R3
Sep 23 07:39 GMT, by Dukascopy Swiss FX Group
The U.S. Dollar continues to consolidate beneath 0.94, being unable to climb over the monthly R3 and 2013 Sep high. But at the same time, none of the important supports have been broken, and the medi...
Daily Technical Analysis
Sep 23 06:14 GMT, by FX Instructor
The EURUSD was indecisive yesterday. Price slipped below 1.2820 but failed to consistently stay below that area so far. The bias remains neutral in nearest term. Immediate resistance is seen around 1...
Daily FX Report
Sep 23 06:11 GMT, by Varengold Bank
ECB President Mario Draghi said yesterday that recent indicators haven't signaled that the “sharp decline” in the euro area's economic activity has stopped. He added that policy makers can implement ...
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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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