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Aug 20 08:45 GMT

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Daily Report: Dollar Rally Continues as Focus Turns to BoE, FOMC Minutes
Aug 20 05:42 GMT, by ActionForex.com
Dollar extends recent rally with the dollar index hitting a 11-month high as focus turns to BoE and FOMC minutes today. The FOMC minutes are expected to struck a slightly more hawkish tone as Fed would be starting to prepare for rate hike next year. FOMC members would likely express some optimism that US is getting closer to full employment and pr...

Technical Outlook

GBP/JPY Daily Outlook
With 172.57 resistance intact, deeper decline is still expected in GBP/JPY for 169.53 key support level. Current develo... - Aug 20 06:44 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. With 138.02 resistance intact, deeper decline is mildly in fav... - Aug 20 06:42 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. Another rise is still expected with 0.7920 minor support intac... - Aug 20 06:37 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. With 1.4271 minor support intact, rebound from 1.4197 short te... - Aug 20 06:35 GMT

Special Reports

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...
The Week Ahead – All On The US: Jackson Hole, CPI, FOMC Minutes…
Aug 18 06:35 GMT
The focus of the week will likely be in the US, in particular the annual event ...
BOE Downgraded Wage Growth Outlook, Sent Little News about Tightening
Aug 13 13:07 GMT
The BOE's latest quarterly inflation report turned out to be more dovish than e...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9080
As the greenback has maintained a firm undertone after rallying from 0.9024, suggesting early erratic rise from 0.8699 low has ... - Aug 20 08:14 GMT
Trade Idea: GBP/USD - Stand aside
Although the British pound has remained under pressure after yesterday's selloff below previous support at 1.6658 and near term... - Aug 20 08:04 GMT
Trade Idea: EUR/USD - Sell at 1.3335
Yesterday's selloff together with the breach of previous support at 1.3333 confirm recent decline has resumed and further weakn... - Aug 20 07:51 GMT
Trade Idea: USD/JPY - Buy at 102.75
The greenback has surged again after brief pullback and broke above previous resistance at 103.09, confirming the rise from 100... - Aug 20 07:44 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has retreated after meeting resistance at 0.8515 last week... - Aug 20 07:32 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar only bounced to 0.9345 (we recommended to sell at ... - Aug 20 07:28 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Despite falling to 1.6658 late last week, the British pound opened higher ... - Aug 19 07:00 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Although the single currency rebounded after intra-day marginal fall to 0.7983, break of last week's high of 0.8036 is needed to ... - Aug 19 14:48 GMT
Trade Idea: USD/CAD - Buy at 1.0895
As the greenback has rebounded after holding above last week's low at 1.0860, suggesting as long as this level holds, consolidati... - Aug 19 14:22 GMT
Trade Idea: EUR/JPY - Buy at 136.50
As the single currency has retreated after rising to 137.62 late last week, suggesting consolidation would be seen, however, reck... - Aug 19 08:40 GMT
Trade Idea: AUD/USD - Sell at 0.9370
Although aussie has continued to edge higher and near term upside risk remains for the rebound from 0.9239 to extend gain to 0.93... - Aug 19 08:35 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Last week's breach of previous support at 1.6660 adds credence to our... - Aug 19 08:58 GMT
GBP/JPY Elliott Wave Analysis
Although the British pound met renewed selling interest at 172.60 las... - Aug 19 08:52 GMT
USD/JPY Elliott Wave Analysis
As the greenback found good support at 101.51 and has rebounded, reta... - Aug 18 10:32 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 20 08:40 GMT

Action Bias

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

USD INDEX: The Greenback Bull Continues To Give
Aug 20 08:02 GMT, by ThinkForex
I had been expecting a retracement on the USD Index as price action had appeared very similar to the interim top throughout May-June. Yet the bullish, momentum seen from yesterday’s NYLON session has...
NZDUSD: The Kiwi Keels Over
Aug 20 07:59 GMT, by ThinkForex
I have been keeping a close eye on the 84c swing low and had expected this level to hold for the foreseeable future. Needless to say during a volatile Asia session the level finally broke and provide...
USD Stronger In Asia
Aug 20 07:52 GMT, by Swissquote Bank SA
Volatility has begun to creep into FX markets as traders refocus on economic fundamentals rather than geopolitical risks. Asia's regional indices were broadly higher (extension of US rally) as the Ni...
European Markets Open Weaker, BoE And Fed Minutes In Focus
Aug 20 07:49 GMT, by ICN.com
European shares dipped in early trade on Wednesday, pausing after a sharp two-day rally, with a slew of economic releases due and as investors await Fed's Jackson Hole meeting. Also, Focus continues ...
Kiwi Under Pressure After Negative Data
Aug 20 07:40 GMT, by Dukascopy Swiss FX Group
New Zealand's producer prices fell in the second quarter as diary prices declined, while input prices were also lower amid cheaper electricity costs and dairy manufacturing input costs. As a result t...
RBA Minutes Indicate Period Of Stable Interest Rates
Aug 20 07:35 GMT, by Dukascopy Swiss FX Group
RBA minutes showed the economic conditions assessment of main trading partners including China, Japan and the U.S. For all of them it is believed that their current growth level will stay above the a...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Dips To 1.33
Aug 20 08:30 GMT, by Dukascopy Swiss FX Group
EUR/USD, as suggested by the near-term technical indicators, has finally broken 1.3350 to the downside, which allowed it to re-test the 2013 Q4 low at 1.33. Although this support is reinforced by the...
GBP/USD Down At 1.66
Aug 20 08:29 GMT, by Dukascopy Swiss FX Group
After being fairly quiet on Monday the Sterling effortlessly pierced a number of significant supports yesterday, including the May low and monthly S2 at 1.67 and 1.6650 respectively. Since there are ...
USD/JPY Rallies Through 103
Aug 20 08:27 GMT, by Dukascopy Swiss FX Group
The U.S. Dollar is strengthening across the board, as evidenced by USD/JPY surging above the July high. However, the currency pair is yet to close above 103 in order to confirm its intentions to adva...
USD/CHF Gains Momentum Ahead Of 0.91
Aug 20 08:21 GMT, by Dukascopy Swiss FX Group
The rate has just broken the upper boundary of the flag pattern to the upside, meaning the current rally should at least extend up to the 2013 Nov 7 high at 0.9250. However, we should still be wary o...
Cable Steadies Ahead Of Bank Of England Minutes
Aug 20 07:45 GMT, by ZIFX.com
On Tuesday Pound/Dollar decreased strongly with 115 pips. The Cable depreciated from 1.6726 to 1.6610 yesterday, in line with the negative money flow sentiment at around -22%, closing the day at 1.66...
Daily FX Report
Aug 20 06:15 GMT, by Varengold Bank
After a report showed that housing starts reached the highest level in eight months, the USD was able to gain in value and rose to the strongest level in nine months versus the EUR. This positive num...
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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