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Aug 29 14:01 GMT

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Mid-Day Report: FX Markets Stay in Consolidation Mode
Aug 29 13:16 GMT, by ActionForex.com
The forex markets continue to stay in consolidative mode in early US session, without any stimulus for fresh moves. Yen reversed some of the risk aversion triggered gains ad is back under pressure against other major currencies. Meanwhile, dollar continues to be mixed in tight range. Released from US, personal income rose 0.2% in July while spendi...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral as the consolidation from 1.3152 temporary low continues. Another rise cannot ... - Aug 29 13:38 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.6534 is still in progress. Another recovery cannot... - Aug 29 13:36 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral for the moment. Note that 104.12 resistance could be strong enough to trigger ... - Aug 29 13:33 GMT
USD/CHF Mid-Day Outlook
USD/CHF's consolidation from 0.9184 temporary top is still in progress and intraday bias remains neutral. Another fall ... - Aug 29 13:17 GMT

Special Reports

Dovish Draghi Does Not Mean ECB Would Act Further In September
Aug 27 06:31 GMT
Selloff of the euro continues after ECB president Mario Draghi's speech last we...
Yellen's Speech Was Balanced, Yet Dovish
Aug 25 03:11 GMT
Fed Chair Janet Yellen delivered a balanced speech regarding the US labor marke...
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...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9105
Although the greenback staged a rebound after finding support at 0.9126, reckon this week's high of 0.9185 would limit upside and... - Aug 29 13:29 GMT
Trade Idea Update: GBP/USD - Hold long entered at 1.6600
As cable has retreated after faltering below yesterday's high of 1.6614, suggesting further consolidation would be seen but as lo... - Aug 29 13:26 GMT
Trade Idea Update: EUR/USD - Stand aside
Euro's retreat after meeting renewed selling interest at 1.3221 suggests downside risk remains for a retest of this week's low at... - Aug 29 13:24 GMT
Trade Idea Update: USD/JPY - Buy at 103.20
Dollar's consolidation after this week's initial rise to 104.28 is expected to continue and although near term downside risk rema... - Aug 29 13:22 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Despite rising to 138.00 late last week, as the single currency has retrea... - Aug 29 10:02 GMT
USD/CAD Candlesticks and Ichimoku Analysis
Despite this week's brief rise above previous resistance at 1.0986, lack o... - Aug 29 09:18 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency opened lower earlier this week and slipped since, sugg... - Aug 28 09:08 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7925
As the single currency has remained under pressure, suggesting near term downside risk remains for the fall from 0.8036 to extend... - Aug 28 15:31 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has remained under pressure after the stronger-than-expected retreat from 1.0998, dampening our bullishness and sig... - Aug 28 15:24 GMT
Trade Idea: EUR/JPY - Hold long entered at 137.25
Yesterday's fall to 136.75 suggests caution on our near term bullishness and his level needs to hold to retain prospect of anothe... - Aug 28 08:45 GMT
Trade Idea : AUD/USD - Buy at 0.9330
Current breach of indicated resistance at 0.9345 confirms our view that low has been formed at 0.9239 earlier and consolidation w... - Aug 28 08:39 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Despite last week's late rebound to 138.00, failure to penetrate prev... - Aug 29 11:02 GMT
USD/CHF Elliott Wave Analysis
The greenback found renewed buying interest at 0.9024 earlier this mo... - Aug 29 10:56 GMT
EUR/GBP Elliott Wave Analysis
Although the single currency slipped after faltering below resistance... - Aug 28 09:24 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 29 13:55 GMT

Action Bias

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

Fundamental Analysis Reports

Euro: Lower Headline Inflation, But Higher Core Inflation
Aug 29 11:56 GMT, by Danske Bank
Inflation in the euro area has declined to a new cycle-low of 0.3% y/y in August. Inflation has only been this low following the financial crisis in 2009. The decline in inflation in August was ma...
Japan: July Data Suggest the Economy is Only Recovering Slowly after Tax Hike
Aug 29 11:54 GMT, by Danske Bank
The data released overnight again disappointed and suggest that the recovery in the wake of the consumption tax hike in April will be weaker than expected, albeit Japan will return to positive GDP gr...
European Shares Rise On Possible Adoption Of QE By ECB
Aug 29 11:31 GMT, by ICN.com
European shares rose on Friday midday trading amid hopes the ECB will introduce QE measures to stave off low inflation. Data released today showed that euro area inflation slipped to a five-year low ...
Euro Little Changed After Inflation Data, ECB Policy Meeting In Focus
Aug 29 11:19 GMT, by ICN.com
The euro steadied lower against the U.S. dollar in European trades on Friday, and was set for a seven-week slide, after a report showed Eurozone's Consumer Prices slowed this month. The euro headed f...
More Downside Expected For EURUSD
Aug 29 10:46 GMT, by Swissquote Bank SA
Market shifted back into risk aversion pattern as Asian regional indices fell and USD, Gold gained and VIX rose slightly. US 10year treasury yields eased towards 2.3%. The catalyst was reports (suppo...
European Market Update: Euro Zone CPI Flash Estimate Reading Of 0.3% Lowest Since 2009
Aug 29 10:21 GMT, by Trade The News
The Euro Zone Flash CPI estimate was the highlight of the session and was potential the final piece of the puzzle to the ECB policy outlook. There were no surprises and still left the debate open for...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD - Vulnerable, Loses Upside Steam
Aug 29 11:27 GMT, by FXTechstrategy
GBPUSD - GBP closed slightly higher on a rejection candle on Thursday leaving risk of a downside trend continuation on the cards. On the downside, support lies at the 1.6550 level where a break will ...
Today's Market Outlook
Aug 29 08:53 GMT, by Windsor Brokers Ltd
The Euro remains in near-term range and trades in the range's lower part, after recovery attempts failed to complete Monday's gap and rally stalled at pivotal 1.3220 barrier, last week's low. Fresh w...
Forex Technical Analysis
Aug 29 08:17 GMT, by DeltaStock Inc.
The break through 1.3178 signals a failure at 1.3220 resistance and the intraday bias is negative since. My outlook is bullish above 1.3151, for a rise through 1.3220, en route to 1.3298. Crucial on ...
EUR/USD Stays Flat
Aug 29 06:51 GMT, by Dukascopy Swiss FX Group
EUR/USD continues to fluctuate within a tight range this week—between 1.32 and 1.3150. And even though the daily and weekly studies are mostly pointing South right now, there is a good chance the cur...
GBP/USD Remain Beneath Weekly PP
Aug 29 06:50 GMT, by Dukascopy Swiss FX Group
GBP/USD carries on consolidating just below the weekly PP at 1.66 before the sell-off is resumed. However, the Sterling may rise up to the May low at 1.67 prior to a decline. Eventually, the rate is ...
USD/JPY Tests Monthly R1
Aug 29 06:49 GMT, by Dukascopy Swiss FX Group
The currency pair is currently facing the support at 103.50, which is supposed to prevent further depreciation of the U.S. Dollar and then help it surpass the resistance at 104. But in case this scen...
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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