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Aug 30 20:41 GMT

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Mid-Day Report: Dollar Edges Higher as Rally Resumes
Aug 30 13:19 GMT, by ActionForex.com
Dollar edges mildly higher in early US session as Fed hike expectations continue. Fed vice chairman Stanley Fischer said the US employment is very close to full employment . But the problem is largely about productivity growth, something which is very hard to control by policy makers. He noted productivity growth was very slow at the moment b...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside as fall from 1.1365 is still in progress. As noted before, corrective ... - Aug 30 13:26 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 30 13:24 GMT
USD/CHF Mid-Day Outlook
The rise from 0.9536 is still in progress and intraday bias in USD/CHF stays on the upside. Current rise would target u... - Aug 30 13:22 GMT
USD/JPY Mid-Day Outlook
USD/JPY's rebound from 99.52 is still in progress with focus on 102.64 resistance. Break there will suggest that fall f... - Aug 30 13:20 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 Wrap-up: USD/CHF - Stand aside
As the greenback has risen again after finding renewed buying interest at 0.9640 in part due to cross-selling in Swiss franc, sug... - Aug 25 15:54 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
As cable has retreated after rising to 1.3273 yesterday, suggesting minor consolidation below this level would be seen and pullba... - Aug 25 15:48 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has recovered after holding above previous support at 1.1241, suggesting consolidation above this level wo... - Aug 25 15:43 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although dollar's rebound from 99.94 has retained our view that further consolidation within recent established range would be se... - Aug 25 15:37 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency retreated after meeting resistance at 114.16,... - Aug 25 09:20 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the greenback recovered after falling to 1.2763 last week, suggesting c... - Aug 25 08:51 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Kiwi only eased to 0.7165 before rising again (we recommended in our previ... - Aug 24 09:03 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite this week's anticipated decline to 0.8485, current rebound from there suggests consolidation would be seen and recovery t... - Aug 25 14:56 GMT
Trade Idea: USD/CAD - Sell at 1.3030
Although the greenback rebounded after finding support at 1.2859 earlier this week and further consolidation above recent low at ... - Aug 25 14:53 GMT
Trade Idea: EUR/JPY - Hold short entered at 113.30
As the single currency has recovered after falling to 112.79 yesterday, suggesting consolidation would be seen, however, reckon u... - Aug 25 09:53 GMT
Trade Idea: AUD/USD - Stand aside
Aussie's recovery after holding above support at 0.7583 (Monday's low) has retained our view that further consolidation above sai... - Aug 25 09:47 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency retreated after meeting resistance at 11... - Aug 25 10:25 GMT
USD/CHF Elliott Wave Analysis
Despite early anticipated selloff to 0.9537, as the greenback found g... - Aug 25 10:17 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency retreated to 1.0826 last week, as euro f... - Aug 24 10:24 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 30 20:35 GMT

Action Bias

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

Crude Dips as CB Consumer Confidence Jumps Above 100
Aug 30 15:33 GMT, by MarketPulse
US crude has posted losses on Tuesday. In the North American session, WTI/USD futures are trading at $46.83 per barrel. Brent crude futures are trading at $48.73, as the Brent crude premium has narro...
Gold Edges Lower as CB Consumer Confidence Sparkles
Aug 30 15:32 GMT, by MarketPulse
Gold has edged lower on Tuesday, as the metal trades at $1317.63 in the North American session. On the release front, CB Consumer Confidence jumped to 101.4 points, easily beating the forecast. On We...
Dollar Index Edges Higher
Aug 30 13:10 GMT, by ForexTime
The rising optimism over the Federal Reserve breaking the tradition of central bank caution by raising US interest rates in 2016 has inspired the Dollar bulls with the Dollar Index edging higher towa...
Aussie Shrugs off Sparkling Construction Report
Aug 30 12:59 GMT, by MarketPulse
AUD/USD has edged lower on Tuesday, as the pair trades at 0.7550. On the release front, Australian Building Approvals posted a sharp gain of 11.3%. In the US, today's highlight is CB Consumer Confide...
Long Yen Trade a Problem
Aug 30 11:26 GMT, by MarketPulse
Two days after a 'hawkish' Fed in Jackson Hole, the U.S yield curve continues to flatten as the Feds favourite inflation measure stays below U.S policy makers +2% inflation target. Data Monday sho...
GBP/USD – Pound Ticks Lower, Markets Eye GfK Consumer Confidence
Aug 30 11:10 GMT, by MarketPulse
GBP/USD has recorded small losses on Tuesday, as the pair trades slightly below the 1.31 level. On the release front, British Net Lending to Individuals dropped to GBP 3.8 billion, well short of the ...
All Daily Fundamental Reports >>

Technical Analysis Reports

DAX: Hawkish Fed, Dovish ECB Good News for EU Stocks
Aug 30 13:02 GMT, by Forex.com
Some of the mainland European stock indices eked out small gains last week despite the falls in US, UK and Japanese stock markets. However, at the start of this new week, global equities have rebound...
AUDUSD - Daily Cloud Top Support Remains Under Pressure After Limited Recovery Attempts
Aug 30 10:28 GMT, by Windsor Brokers Ltd
Aussie came under pressure on Tuesday after recovery attempts from Monday’s 0.7523 low were capped just under strong resistance at 0.7586 (Fibo 38.2% of 0.7690/0.7523 downleg/daily Kijun-sen line). B...
USDJPY - Renewed Strength Eyes Key 102.64 Barrier
Aug 30 10:25 GMT, by Windsor Brokers Ltd
The pair posted marginally higher high at 102.42, and cracked falling 30 SMA at 102.37, on fresh strength from 101.73, Asian low, posted on corrective pullback from Monday's high. Strong bulls on low...
Cable - Near-Term Price Action Consolidated Above 1.3057 Low, Outlook Remains Negative
Aug 30 10:24 GMT, by Windsor Brokers Ltd
The pair retested Monday's one-week low at 1.3057, after initial recovery attempts were capped by broken daily Kijun-sen line at 1.3116. Near-term technical are negative, while prevailing tone of dai...
EURUSD - Break Below Daily Kijun-Sen Could Trigger Acceleration Towards 200SMA Daily Cloud Base
Aug 30 10:22 GMT, by Windsor Brokers Ltd
Near-term price action attempts again through cracked daily cloud top/daily Kijun-sen line supports at 1.1167/62 which contained Monday's dip. Overall structure is weakening as daily 20 & 30 SMA'...
Bigger Correction On USD Index Seems Completed, More Upside Could Follow
Aug 30 08:19 GMT, by Elliott Wave Financial Service
USD index turned up on Friday and took out the upper trendline resistance of a downward channel that can be one of the most important bullish evidences. As such, we are looking at a completed A)-B)-C...
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...
All Long Term Forecasts >>
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