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Aug 31 10:46 GMT

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European Session: Orders and Options Watch
Aug 31 09:44 GMT, by ActionForex.com
EUR: The single currency met resistance around 1.1260-63 and has retreated in European morning, bids at 1.1220 and 1.1200 were filled but buy orders are still noted at 1.1180 and 1.1160 with stops placed below 1.1150, buying interest is tipped further out at 1.1100-10 (stops below barrier at 1.1100). On the upside, offers are now seen at 1.1230, 1...

Technical Outlook

EUR/GBP Daily Outlook
Intraday bias in EUR./GBP remains neutral for consolidation below 0.7421 short term top. Downside of retreat should be ... - Aug 31 09:42 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD stays neutral as consolidation from 1.6587 short term top continues. We'd expect downside of r... - Aug 31 09:39 GMT
GBP/JPY Daily Outlook
Intraday bias in GBP/JPY stays neutral for the moment. Price actions from 195.86 are viewed as a consolidation pattern ... - Aug 31 09:36 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. The rebound from 133.29 is likely a corrective move and could ... - Aug 31 09:32 GMT

Special Reports

Limited Impacts Expected from PBOC's Belated Easing
Aug 26 12:52 GMT
PBOC cut its policy rates by -25 bps, taking the benchmark one-year lending rat...
Fed's Rate Hike Speculations Shrank. Less Likely to Hike Rates in September
Aug 26 12:41 GMT
The China-led global financial market crash has made the case of a September Fe...
Euro Glitters In Global Financial Market Crash
Aug 25 06:45 GMT
Concerns over China's economic growth slowdown have intensified over the past 2...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9515
Dollar's near term sideways trading is likely to continue and as long as last week's high at 0.9673 holds, risk of another retrea... - Aug 31 08:38 GMT
Trade Idea: GBP/USD - Buy at 1.5370
Although the British pound fell again to as low as 1.5335 on Friday, the subsequent rebound suggests consolidation above this lev... - Aug 31 08:29 GMT
Trade Idea : EUR/USD - Buy at 1.1190
Although the single currency has retreated after faltering below the lower Kumo and minor consolidation would be seen with initia... - Aug 31 08:17 GMT
Trade Idea: USD/JPY - Buy at 120.50
As the greenback has retreated after rising to 121.75 on Friday, minor consolidation below this level would be seen and pullback ... - Aug 31 08:01 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Despite last week's rally to 1.1714, the subsequent retreat formed several... - Aug 31 09:58 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback found good support at 116.16 last week and staged a strong r... - Aug 31 09:21 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
The single currency topped out at 139.01 and the subsequent stronger-than-... - Aug 28 09:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 137.50
As the single currency has recovered again after holding above said support at 135.26 (last week's low), retaining our view that ... - Aug 31 10:18 GMT
Trade Idea : AUD/USD - Sell at 0.7160
As aussie has retreated after meeting renewed selling interest at 0.7206 late last week, consolidation with downside bias is seen... - Aug 31 10:12 GMT
Trade Idea: EUR/GBP - Buy at 0.7230
Euro's retreat after faltering below resistance at 0.7364, retaining our view that further consolidation would be seen and test o... - Aug 28 14:25 GMT
Trade Idea: USD/CAD - Stand aside
As 1.3167 has contained the retreat from 1.3354 (this week's high), suggesting this pullback has ended and retest of 1.3354 would... - Aug 28 14:22 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Despite last week's selloff to 116.16, the subsequent strong rebound ... - Aug 31 10:42 GMT
EUR/JPY Elliott Wave Analysis
Euro's retreat from 139.01 turned out to be stronger than expected, s... - Aug 28 10:48 GMT
USD/CHF Elliott Wave Analysis
The greenback found good support at 0.9259 and has staged a strong re... - Aug 28 10:43 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 31 10:40 GMT

Action Bias

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

Fundamental Analysis Reports

Ahead Of RBA Meeting, Swiss Economy: Not That Bad
Aug 31 10:13 GMT, by Swissquote Bank SA
It is well known that Australia is one the world most exposed economy to China as roughly 35% (as of June 15) of Australia's merchandise exports go to the world's second biggest economy. The last RBA...
European Market Update: Euro Zone CPI Beats Expectations, Dampens Any Potential ECB QE Adj Surprise For Now
Aug 31 09:49 GMT, by Trade The News
EUR/USD was trying for its first gain in 5 days after falling almost 2% last week. The Pair was holding just above the 1.12 level. Thin month end conditions, summer trading and a UK holiday kept part...
Renewed Appetite For WTI Despite Bearish Market
Aug 31 09:42 GMT, by ForexTime
WTI surged with a new lease of vitality during the last trading week of August, surpassing technical resistance above $42.50 and concluding the week gaining $11. This represented the strongest gains ...
Dollar Stays Well Bid Even As Equity Rebound Slows
Aug 31 07:49 GMT, by KBC Bank
At the end of last week, the dollar still extended its rebound even as sentiment on risk turned less buoyant. Fed comments in Jackson hole remained USD supportive. This morning, the USD rally slows a...
Beijing Gives Up, Fed Officials Send Mixed Signals
Aug 31 07:42 GMT, by Swissquote Bank SA
It's a major blowback for investors who counted on China's government to shore mainland equity market up. After spending about $200bn buying shares to support a falling stock market, the government r...
Yen Poised For Gains
Aug 31 07:25 GMT, by Blackwell Global
The Yen was in hot demand as traders sought safetyafter the Chinese stockmarket imploded. The gains were short lived as the Dollar returned to form, but that has only let to a rejection off some soli...
All Daily Fundamental Reports >>

Technical Analysis Reports

IMM Positioning - Room For EUR/USD Downside Yet Again
Aug 31 10:37 GMT, by Danske Bank
As expected from the price movements seen in FX markets early last week, speculators unwound short EUR and long USD positions alike as the Chinacommodities sell-off accelerated last Tuesday. Indeed, ...
Forex Technical Analysis
Aug 31 09:09 GMT, by DeltaStock Inc.
EUR/USD The downtrend is still intact after the renewal at 1.1308 and only a violation of the mentioned resistance will signal, that a bottom is already in place at 1.1155 low.
EURUSD Has Formed Bearish Equidistant Zig Zag Channel
Aug 31 08:23 GMT, by Admiral Markets
Most important release for EUR last week was German inflation which came out to be better then expected, while USD was boosted by a better-then-expected GDP (3.7 %) which is a sign of US economy expa...
Today's Market Outlook
Aug 31 08:11 GMT, by Windsor Brokers Ltd
The Euro found solid support at 1.1154, low of last week's pullback from 1.1712 peak, trading in near term consolidative mode above Friday's low. Support marks Fibonacci 61.8% retracement of 1.0807/1...
EURUSD Moves Into New Bearish Cycle
Aug 31 08:05 GMT, by Elliott Wave Financial Service
EURUSD moved sharply to the upside two weeks back, up to 1.1700 area from where price turned nicely down last week. A sharp reversal back beneath 1.1200 area suggests that pair found a top and most l...
EUR/USD To Recover Friday Losses
Aug 31 07:15 GMT, by Dukascopy Swiss FX Group
EUR/USD increased pressure on bulls as it decided to retreat below the monthly R1 at 1.1196 on Friday. However, an immediate recovery above this important support during the weekend and on Monday is ...
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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