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US Session: Orders and Options Watch
Aug 21 14:10 GMT, by ActionForex.com
EUR: The single currency traded narrowly after recovering from intra-day low of 1.3242, offers are still noted at 1.3280, 1.3300-10 (stops above) and 1.3325-30, more sell orders are tipped at 1.3350 and 1.3370, selling interest should emerge further out at 1.3385 and 1.3400-10. On the downside, some bids are seen at 1.3240-50, 1.3215-25 and 1.3200...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside as current decline should target 100% projection of 1.3993 to 1.3502 f... - Aug 21 12:54 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD as the decline from 1.7190 continues. The current development confirms medium medium term reve... - Aug 21 12:52 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the upside for 104.12 resistance. We'd be cautious on strong resistance from there.... - Aug 21 12:50 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the upside for 0.9156 key resistance. Decisive break there will carry larger bullis... - Aug 21 12:47 GMT

Special Reports

FOMC Minutes Appeared Hawkish As Members Discussed Exit Principles In Details
Aug 21 04:58 GMT
The FOMC minutes for the July meeting unveiled that policymakers had detailed d...
BOE Split, Two Members Opted to Hike Rate in August
Aug 20 11:05 GMT
Surprisingly, two MPC members voted for raising the BOE’s Bank rate to 0.75% fr...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9080
As the greenback has retreated after intra-day initial rise to 0.9146, retaining our view that consolidation would be seen and pu... - Aug 21 15:29 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6650
Cable's recovery after intra-day fall to 1.6564 suggests minor consolidation above this level would be seen and corrective bounce... - Aug 21 15:22 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3320
Euro's recovery after intra-day initial fall to 1.3242 has retained our view that minor consolidation would be seen and correctiv... - Aug 21 15:15 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 103.15
The greenback has eased after intra-day initial rise to 103.96 and minor consolidation would be seen and pullback to 103.30-35 ca... - Aug 21 15:10 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 0.7922 and rebounded ... - Aug 21 10:33 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency slipped again and broke below previous support at 1.21... - Aug 21 10:07 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has retreated after meeting resistance at 0.8515 last week... - Aug 20 07:32 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite this week's retreat from 0.8028 to 0.7970, as the single currency has rebounded again, retaining our view that further ch... - Aug 21 14:54 GMT
Trade Idea: USD/CAD - Buy at 1.0900
Despite intra-day rise to 1.0987, lack of follow through buying on break of previous resistance at 1.0986 and current retreat sug... - Aug 21 14:47 GMT
Trade Idea: EUR/JPY - Buy at 137.25
As the single currency has risen again after brief pullback, adding credence to our near term bullishness for the rise from 135.7... - Aug 21 09:36 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9310
Aussie met renewed selling interest at 0.9318 yesterday and fell again, retaining our bearishness for the decline from 0.9505 top... - Aug 21 09:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Euro's rebound after finding support at 0.7922 suggests a minor low h... - Aug 21 11:18 GMT
USD/CAD Elliott Wave Analysis
The greenback only slipped to 1.0860 last week before finding renewed... - Aug 21 11:02 GMT
AUD/USD Elliott Wave Analysis
Although aussie's rebound from 0.9239 suggests consolidation above th... - Aug 20 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 22 03:50 GMT

Action Bias

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

Fundamental Analysis Reports

Asian Shares Picks Up On Optimism From U.S. Data
Aug 22 02:51 GMT, by ICN.com
Asian shares picked up in the last trading session this week, after reports from the U.S. showed improvements in manufacturing activity and the housing sector. The MSCI Asia Pacific Index climbed 0.2...
Weakness In Business Activity In China And Europe Adding Concerns About Global Recovery
Aug 22 02:50 GMT, by ICN.com
August surveys showed that business growth in Europe and China slowed, adding more concerns about the future of global recovery. The global economy may need further stimulus measures to be introduced...
GBP/USD - Pound Dips Below 1.66 As Slide Continues
Aug 22 02:43 GMT, by MarketPulse
The pound has been unable to find its footing, as the currency continues to lose ground on Thursday. GBP/USD is trading just below the 1.66 line and finds itself at lows not seen since early April. O...
USD/CAD – Steady As US Numbers Impress
Aug 22 02:41 GMT, by MarketPulse
The Canadian dollar took advantage of solid US numbers on Thursday, as the pair trades in the mid-1.09 range in the North American session. On the release front, US data was solid. Unemployment Claim...
We Learnt Just How Much Traders Love The Aussie Dollar And Stocks Overnight
Aug 22 02:21 GMT, by Vantage FX
I have the theme to the Lego Movie running through my head this morning, Everything is awesome, or that seems to be the way that traders in stock markets want to play it given the S&P 500 made a ...
US Existing Home Sales Unexpectedly Rise in July to a 10-Month High
Aug 21 15:37 GMT, by RBC Financial Group
Existing home sales in the US unexpectedly rose by 2.4% in July to 5.15 million annualized units from the revised 5.03 million units in June (initially reported as 5.04 million). The improvement in t...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Aug 22 03:29 GMT, by Kshitij Consultancy Services
Dollar-Yen (103.81) is consolidating near the minor resistance at 104.10-20 as expected with the uptrend fully intact. Interestingly, Euro-Yen (137.87) is hitting the upper end of the 3-week range of...
AUD/USD – Rallies And Clings Onto Key 0.93 Level
Aug 22 02:47 GMT, by MarketPulse
After threatening to break through the support level at 0.93 for the last couple of days, the Australian dollar finally slid lower to below this level and moved towards the previous key level at 0.92...
Australia 200 – Consolidates Below 5650 After Six Year High
Aug 22 02:45 GMT, by MarketPulse
The Australian 200 Index has finally been able to surge higher to a new six year high around 5650 a couple of days ago before easing off in the last 24 hours and consolidating just below this level. ...
Daily Forex Update: GBP/NZD
Aug 22 02:33 GMT, by Autochartist
GBP/NZD is expected to fall to the target level 1.9654 in the next 2 days. Autochartist set the stop-level for this forecast at 1.9864 (point B). This forecast continues the earlier sharp downward im...
GOLD - Sells Off Sharply
Aug 22 02:31 GMT, by FXTechstrategy
GOLD - With continued downside pressure seen, GOLD extended its weakness during Thursday trading session. Support lies at the 1,257.68 level where a break will aim at the 1,230.00 level. A break will...
CADJPY Hits A Wall Of Resistance
Aug 22 02:28 GMT, by Forex.com
CADJPY has hit a key resistance zone ahead of some important economic data out of Canada. A break here could renew the bulls' faith in the pair, while a failure to push through may result in some sho...
All Daily Technical Reports >>

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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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