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Aug 05 06:24 GMT

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Daily Report: Dollar Lifted by Fed Lockhart
Aug 05 04:39 GMT, by ActionForex.com
Dollar surged overnight as Atlanta Fed Dennis Lockhart expressed his support for rate hike in September. Lockhart is seen by some analysts as neutral to slightly dovish, and hence his comments were taken quite seriously. He said in an interview with Wall Street Journal that it's a high bar not to act for him and it will take a significant deter...

Technical Outlook

USD/CAD Daily Outlook
USD/CAD's rally continues today and intraday bias remains on the upside. Current rise should extend to next projection ... - Aug 05 05:02 GMT
AUD/USD Daily Outlook
AUD/USD's recovery lost steam ahead of 0.7448 resistance and intraday bias stays neutral for the moment. As long as 0.7... - Aug 05 04:59 GMT
EUR/USD Daily Outlook
EUR/USD drops sharply but is staying in range above 1.0807. Intraday bias remains neutral for the moment. Break of 1.08... - Aug 05 04:51 GMT
GBP/USD Daily Outlook
GBP/USD dips mildly today but stays in range of 1.5465/5689. Intraday bias remains neutral first. Outlook is unchanged ... - Aug 05 04:45 GMT

Special Reports

RBA Suggests Australian Dollar Adjusting To Commodity Selloff
Aug 04 09:18 GMT
The RBA let the cash rate unchanged at 2% for a third consecutive month. Whist ...
FOMC Adjusted Economic Assessment, September Rate Hike Remains Open
Jul 30 06:08 GMT
In its July statement, the FOMC made some changes on its assessment of the curr...
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
Jul 29 06:56 GMT
Chinese State Council released a statement titled 'Key steps to promote foreign...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9670
As the greenback has risen again after brief retreat to 0.9668 and broke above previous resistance at 0.9719, adding credence to ... - Aug 04 15:56 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day brief fall to 1.5561, lack of follow through selling on break of yesterday's low at 1.5565 and current rebound ... - Aug 04 15:49 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1050
As the single currency has recovered after intra-day brief fall to 1.0932, suggesting consolidation above this level would be see... - Aug 04 15:46 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
The greenback has remained confined in narrow range after finding indicated support at 123.80, retaining our view that further co... - Aug 04 15:43 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Despite last week's rise to 1.5690, lack of follow through buying and the ... - Aug 04 07:30 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback retreated after rising to 0.9719 last week, as doll... - Aug 04 07:21 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Despite staging a strong rebound to 1.1130 earlier last week, the single c... - Aug 03 08:15 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency retreated after meeting resistance at 0.7098 on Friday, retaining our view that further choppy trading would ... - Aug 04 14:25 GMT
Trade Idea: USD/CAD - Stand aside
Although the greenback has maintained a firm undertone after current anticipated resumption of upmove and gain to 1.3200 cannot b... - Aug 04 14:23 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency has recovered after holding above indicated support at 135.54, retaining our view that further consolidati... - Aug 04 09:09 GMT
Trade Idea: AUD/USD - Buy at 0.7340
As aussie found renewed buying interest at 0.7260 yesterday and has staged a strong rebound above resistance at 0.7367, reviving ... - Aug 04 09:05 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Last week's marginal rise to 1.5690 suggests near term upside risk re... - Aug 04 09:30 GMT
GBP/JPY Elliott Wave Analysis
Although sterling found good support at 185.00 and has staged a stron... - Aug 04 09:24 GMT
EUR/USD Elliott Wave Analysis
Although the single currency retreated initially last week to 1.0893,... - Aug 03 09:51 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 05 06:15 GMT

Action Bias

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

European Open Briefing
Aug 05 05:54 GMT, by IC Markets
The US Dollar strengthened sharply in yesterday’s late NY session, pushing USD/CAD to a fresh multi-year high at 1.32 and EUR/USD back below 1.09. There were no apparent reasons, so the move seems fl...
Asian Market Update: Offshore Yuan Falls After Reports The IMF Will Postpone Decision On SDR Basket, Services PMIs Come In Mixed
Aug 05 05:45 GMT, by Trade The News
Asian markets are trading mixed as heavy tone from late US session carries over into regional indices. Hawkish comments from a typically moderate FOMC voter Lockhart suggesting it may be appropriate ...
AUD/USD: Aussie Reverses Its Gains This Morning
Aug 05 05:42 GMT, by GCI Financial
The pair is expected to find support at 0.7292, and a fall through could take it to the next support level of 0.7218. The pair is expected to find its first resistance at 0.7435, and a rise through c...
EUR/USD: Euro Trading On A Weaker Footing Ahead Of The Euro-Zone's Services PMI Data
Aug 05 05:39 GMT, by GCI Financial
The pair is expected to find support at 1.0809, and a fall through could take it to the next support level of 1.0758. The pair is expected to find its first resistance at 1.0951, and a rise through c...
GBP/USD: UK Economy Expected To Slow Down In Q3, Indicated The NIESR
Aug 05 05:32 GMT, by GCI Financial
The pair is expected to find support at 1.5498, and a fall through could take it to the next support level of 1.5457. The pair is expected to find its first resistance at 1.5608, and a rise through c...
USD/JPY: Japanese Yen Extends Its Losses In The Asian Session
Aug 05 05:31 GMT, by GCI Financial
The pair is expected to find support at 123.98, and a fall through could take it to the next support level of 123.54. The pair is expected to find its first resistance at 124.66, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Aug 05 06:09 GMT, by Varengold Bank
The dollar rose to a four-month high before the Aug. 7 employment report that may provide the Federal Reserve with enough evidence to raise interest rates for the first time in almost a decade. The g...
The Daily Forecaster: EURJPY
Aug 05 04:59 GMT, by FX-Forecaster
The initial losses were truncated yesterday at 135.54 but then saw the correct correction. This should now imply losses down to the 134.62-78 area. We should see a correction from there but the depth...
Daily Technical Outlook And Review
Aug 05 04:02 GMT, by IC Markets
The EUR/USD pair, as you can see, aggressively sold off from 1.0986 into a 4hr demand area at 1.0868-1.0902going into the yesterday’s close 1.0879. Although this 4hr demand zone has already been visi...
EUR/USD Re-Challenges Critical 1.08 Support Zone
Aug 05 03:55 GMT, by Admiral Markets
The EUR/USD wave count changed upon the bearish breakout below the support trend line (dotted green). The wave count will remain labeled as a wave X (brown) as long as price stays above the 100% Fib ...
Daily Technical Analysis
Aug 05 03:48 GMT, by FX Instructor
The EURUSD had a bearish momentum yesterday and hit 1.0854 earlier today. The bias is bearish in nearest term testing 1.0820 key support area. Immediate resistance is seen around 1.0900. A clear brea...
Market Morning Briefing
Aug 05 03:39 GMT, by Kshitij Consultancy Services
Euro (1.0862) has fallen sharply breaking below 1.09 mentioned yesterday. Long term support near 1.08 is expected to hold. Near term looks choppy in the 1.1125-1.08 region. Unless a break on either s...
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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