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Aug 31 15:57 GMT

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US Session: Orders and Options Watch
Aug 31 14:46 GMT, by ActionForex.com
EUR: The single currency recovered after falling marginally to 1.1123, bids are still noted at 1.1120, 1.1100 and 1.1080, buying interest is tipped further out at 1.1050, 1.1030 and 1.1000 (stops below). On the upside, offers are seen at 1.1165, 1.1180 and 1.1200, sell orders are expected at 1.1225-30 and 1.1250, selling interest should emerge aro...

Technical Outlook

USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the upside for 107.48 resistance. As noted before, sustained trading above 55 days ... - Aug 31 13:37 GMT
USD/CHF Mid-Day Outlook
USD/CHF rises to as high as 0.9862 so far and intraday bias remains on the upside for 0.9949/55 resistance zone. Break ... - Aug 31 13:34 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD stays neutral with focus on 1.3023 minor support. Break will confirm completion of rebound fro... - Aug 31 13:32 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside as fall from 1.1365 continues. As noted before, corrective rise from 1... - Aug 31 13:28 GMT

Special Reports

USD Index Stays Undervalued, Despite Soaring Rate Hike Hopes
Aug 29 11:30 GMT
Fed Chair Janet Yellen's speech last Friday lifted speculations of additional p...
Deepening Deflation Adds Pressure To Further BOJ Action
Aug 26 10:38 GMT
Japan's deflation persisted for a fifth month in July. Core CPI (excluding fres...
Rally in LIBOR Due to Regulatory Change... to Continue as Rate Hike Hopes Increase
Aug 25 13:31 GMT
The 3-month USD LIBOR has been surging recently, rising to a 7-year high of 0.8...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9750
Although the greenback has maintained a firm undertone after last week's rally and bullishness remains for the rise from this mon... - Aug 31 13:07 GMT
Trade Idea Update : GBP/USD - Sell at 1.3230
As cable rebounded after holding above last week's low at 1.3059 and broke above resistance at 1.3120, suggesting decline from 1.... - Aug 31 13:04 GMT
Trade Idea Update: EUR/USD - Sell at 1.1195
The single currency tumbled last Friday after meeting renewed selling interest at 1.1341 and has remained under pressure, suggest... - Aug 31 13:02 GMT
Trade Idea Update: USD/JPY - Buy at 102.50
The greenback has surged again after last week's late rally from 100.06, suggesting the rise from 99.054 is still in progress and... - Aug 31 13:00 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency met resistance at 1.1355 early last week and ran into ... - Aug 31 10:03 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Despite falling briefly below 100.00 early last week, the greenback found ... - Aug 31 09:28 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency retreated after meeting resistance at 114.16,... - Aug 25 09:20 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.8490
Although the single currency fell again to 0.8473, loss of downward momentum should prevent sharp fall from here and bring reboun... - Aug 31 15:33 GMT
Trade Idea: USD/CAD - Buy at 1.3060
The greenback found decent demand at 1.2831 and has rallied, suggesting recent fall from 1.3254 has ended and upside risk remains... - Aug 31 15:04 GMT
Trade Idea: EUR/JPY - Buy at 114.50
The single currency rallied after finding good support at 112.79, shifting risk to the upside and the erratic rise from 112.31 ma... - Aug 31 10:51 GMT
Trade Idea: AUD/USD - Sell at 0.7580
Aussie dropped sharply after running into selling interest at 0.7692 last week, suggesting top has been formed at 0.7758 earlier ... - Aug 31 10:42 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
The single currency ran into heavy offers at 1.1355 early last week a... - Aug 31 11:22 GMT
USD/JPY Elliott Wave Analysis
The greenback found decent demand around 100.00 level and has rallied... - Aug 31 11:15 GMT
EUR/JPY Elliott Wave Analysis
Although the single currency retreated after meeting resistance at 11... - Aug 25 10:25 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 31 15:50 GMT

Action Bias

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

Fundamental Analysis Reports

Canadian Q2 GDP Drops an Annualized 1.6%
Aug 31 14:29 GMT, by RBC Financial Group
A sizeable decline in Q2 GDP was generally expected going into the report based on earlier indications that the Alberta wildfires, and attendant shutdowns of oil sands production, sent May GDP down s...
Pound Unchanged, GfK Consumer Confidence Within Expectations
Aug 31 13:50 GMT, by MarketPulse
GBP/USD posted gains but has then retracted on Wednesday, as the pair trades slightly below the 1.31 line. On the release front, British GfK Consumer Confidence came in at -7 points, within expectati...
Yen Slide Continues After Soft Japanese Manufacturing PMI
Aug 31 12:50 GMT, by MarketPulse
The Japanese yen has lost ground on Wednesday, following sharp losses in the Tuesday session. Currently, USD/JPY is trading at 103.30, its highest level in the month of August. On the release front, ...
Dollar Grinds Higher Looking For Fundamental Support
Aug 31 11:27 GMT, by MarketPulse
Is the dollar getting ahead of itself? As a 'hawkish' Fed justifies the dollar's positive price action, one gets the feeling that the moves over the past three-sessions may be becoming a tad stretche...
ADP Data Eyed Ahead Of Huge Jobs Report
Aug 31 11:01 GMT, by MarketPulse
The last couple of weeks has seen a number of Fed officials warn about the prospect of at least one rate hike this year - including Chair Yellen and some of her closest allies – but with markets stil...
EUR/USD – Euro Unchanged As Eurozone Inflation Within Expectations
Aug 31 10:25 GMT, by MarketPulse
The euro is showing little movement on Wednesday, as EUR/USD trades at 1.1150. On the release front, it’s a very busy day in Europe and the US. German numbers were sharp, as Retail Sales and Unemploy...
All Daily Fundamental Reports >>

Technical Analysis Reports

Crude on a Slippery Rollercoaster Ride to Nowhere
Aug 31 12:51 GMT, by Forex.com
Over the past week and a half, crude oil prices have been on a rollercoaster ride. Within the large ranges, the force of gravity has generally worked against bullish speculators after the 3-week rall...
GBPUSD - N/T Focus Turns Higher On Fresh Rally Above Congestion Tops
Aug 31 11:22 GMT, by Windsor Brokers Ltd
British pound bounced above two-day congestion tops at 1.3118 and broke above Fibo 38.2% of 1.3277/1.3057 downleg at 1.3141. Fresh rally generated bullish signal and sidelined immediate downside risk...
EURUSD Consolidates Ahead Of Strong 1.1112 Support, US Jobs Data In Focus
Aug 31 09:37 GMT, by Windsor Brokers Ltd
The Euro bounced from fresh three-week low at 1.1127, posted earlier today, but recovery attempts so far stay capped under strong 1.1162/67 resistance zone (daily Kijun-sen/broken daily Ichimoku clou...
Crude OIL Could Be In For More Gains
Aug 31 09:09 GMT, by Elliott Wave Financial Service
On the 4h chart of crude oil we can see that price made a nice rally from the lows, for now in three waves but because of a sharp price action up to 49.00 region in the middle of August, we think tha...
EUR/USD Rebounds And Surges On Wednesday
Aug 31 09:00 GMT, by Dukascopy Swiss FX Group
The common European currency rebounded against the support provided by the weekly S1 at 1.1132, and it is surging on Wednesday morning, as the rate faces no resistance up to the level of 1.1203, wher...
GBP/USD Attempts To Reclaim 1.31
Aug 31 08:59 GMT, by Dukascopy Swiss FX Group
The Sterling experienced another leg down on Tuesday, falling under 1.31 major level. Nevertheless, technical indicators retain bullish signals today, which implies that the US jobs data today could ...
All Daily Technical Reports >>

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Long Term Forecasts

DAX 6 Month Outlook 2016 H2
Aug 18 14:12 GMT, by MarketPulse
DAX 6 Month Outlook 2016 H2 What impact has Brexit had on Germany? It's still too early to determ...
AUD/USD Australian Dollar 6 Month Outlook 2016 2H
Aug 02 15:28 GMT, by MarketPulse
The RBA seems to be little concerned by Brexit and believes it's far too soon to pass judgment on t...
WTI Crude Oil A Year Ahead - Trends And Expectations 2016
Dec 24 11:45 GMT, by MarketPulse
The second half of 2014 saw a sharp drop in the price of WTI Crude Oil, which had traded at $105 a ...
DAX Year Ahead – Trends And Expectations 2016
Dec 24 11:11 GMT, by MarketPulse
It has been another testing year for the German economy but once again it has shown the kind of str...
British Pound Year Ahead - Brexit To Dominate 2016
Dec 22 12:49 GMT, by MarketPulse
This has been something of a turnaround year for the UK in which unemployment has fallen back to pr...
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