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Aug 22 13:43 GMT

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Mid-Day Report: Canadian Dollar Jitters on Mixed Data
Aug 22 12:56 GMT, by ActionForex.com
Much volatility is seen in Canadian dollar in early US session after mixed economic data. Headline CPI dropped more than expected by -0.2% mom in July while the yoy rate slowed to 2.1%, below expectation of 2.3% yoy. Core CPI unexpectedly dropped -0.1% mom and and slowed to 1.7% yoy, versus expectation of rise to 1.9% yoy. However, the negative im...

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 22 09:16 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 22 09:12 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 22 09:09 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains midlly on the downside for the moment for retest in 1.4971. Break will extend larger c... - Aug 22 09:07 GMT

Special Reports

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...
BOE Split, Two Members Opted to Hike Rate in August
Aug 20 11:05 GMT
Surprisingly, two MPC members voted for raising the BOE’s Bank rate to 0.75% fr...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9080
As the greenback has retreated after intra-day initial rise to 0.9146, retaining our view that consolidation would be seen and pu... - Aug 21 15:29 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6650
Cable's recovery after intra-day fall to 1.6564 suggests minor consolidation above this level would be seen and corrective bounce... - Aug 21 15:22 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3320
Euro's recovery after intra-day initial fall to 1.3242 has retained our view that minor consolidation would be seen and correctiv... - Aug 21 15:15 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 103.15
The greenback has eased after intra-day initial rise to 103.96 and minor consolidation would be seen and pullback to 103.30-35 ca... - Aug 21 15:10 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 0.7922 and rebounded ... - Aug 21 10:33 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency slipped again and broke below previous support at 1.21... - Aug 21 10:07 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has retreated after meeting resistance at 0.8515 last week... - Aug 20 07:32 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite this week's retreat from 0.8028 to 0.7970, as the single currency has rebounded again, retaining our view that further ch... - Aug 21 14:54 GMT
Trade Idea: USD/CAD - Buy at 1.0900
Despite intra-day rise to 1.0987, lack of follow through buying on break of previous resistance at 1.0986 and current retreat sug... - Aug 21 14:47 GMT
Trade Idea: EUR/JPY - Buy at 137.25
As the single currency has risen again after brief pullback, adding credence to our near term bullishness for the rise from 135.7... - Aug 21 09:36 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9310
Aussie met renewed selling interest at 0.9318 yesterday and fell again, retaining our bearishness for the decline from 0.9505 top... - Aug 21 09:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Euro's rebound after finding support at 0.7922 suggests a minor low h... - Aug 21 11:18 GMT
USD/CAD Elliott Wave Analysis
The greenback only slipped to 1.0860 last week before finding renewed... - Aug 21 11:02 GMT
AUD/USD Elliott Wave Analysis
Although aussie's rebound from 0.9239 suggests consolidation above th... - Aug 20 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 22 13:35 GMT

Action Bias

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

Fundamental Analysis Reports

GBP/USD - Calm as Pound Tries to Stem Losses
Aug 22 13:04 GMT, by MarketPulse
The British pound is under pressure Friday, as GBP/USD is trading in the mid-1.65 range. The pound is currently at its lowest levels since early April. There are no economic releases out of the US or...
Jackson Hole: Hawk-ish vs. Dove - Who Has The Hammer?
Aug 22 11:19 GMT, by MarketPulse
It's no surprise to see Capital Market relatively subdued ahead of the two keynote speakers at Jackson Hole Economic Symposium later today. Fed Chair Ms. Yellen speaks at 10am EST, while ECB's Draghi...
EUR/USD - Stable As All Eyes On Jackson Hole
Aug 22 10:17 GMT, by MarketPulse
The euro is calm on Friday, as EUR/USD trades quietly in the high-1.33 range in the European session. There are no economic releases out of the Eurozone or US today. The markets will be closely monit...
Gold Close To 2-Month Lows As Markets Eye Jackson Hole
Aug 22 10:15 GMT, by MarketPulse
Gold remains under pressure on Friday, as the metal hovers close to two-month lows. The spot price stands at $1277.68 per ounce in the European session. There are no economic releases out of the US t...
European Market Update: Focus On Jackson Hole Symposium Speeches By Yellen And Draghi
Aug 22 10:11 GMT, by Trade The News
FX markets were on hold with USD just off its 2014 peak against a basket of major currencies ahead of the Fed's Jackson Hole conference. Markets are still weighing up the implications of the minutes ...
FX Traders In Wait-And-See Mode
Aug 22 09:07 GMT, by Swissquote Bank SA
Financial markets are now entirely focused on Fed Chairwoman Yellen's speech at the Kansas City Fed's annual Jackson Hole economic symposium. Efforts by the Fed to downplay this event seem to have fa...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Aug 22 11:12 GMT, by DeltaStock Inc.
The rebound above 1.3239 is corrective, thus preceding a dip towards 1.3091. Initial intraday resistance lies at 1.3300, followed by the key area at 1.3330.
USDJPY - Triggers Corrective Pullback
Aug 22 10:31 GMT, by FXTechstrategy
USDJPY - Although maintaining its broader uptrend, USDJPY faces corrective pullback threats. Resistance resides at the 104.00 level where a break will target the 104.50 level. Further out, resistance...
GBPUSD Elliott Wave Analysis: Impulse In Progress
Aug 22 08:31 GMT, by Elliott Wave Financial Service
GBPUSD moved even lower in this week, now beneath 1.6600 that can represent final stages of wave (v) in 3 that may seek for a support around 1.6500/1.6550. We still believe that rather sooner than la...
Today's Market Outlook
Aug 22 08:28 GMT, by Windsor Brokers Ltd
The Euro enters near-term corrective phase off fresh low at 1.3240, pausing ahead of the attack at 1.32 target zone, Fibonacci 100% expansion and round figure support. Hourly bulls are coming into pl...
EUR/USD Supported By Monthly S1
Aug 22 08:14 GMT, by Dukascopy Swiss FX Group
After three days of losses EUR/USD has finally found support at 1.3250, represented by the monthly S1 and weekly S3. However, unless the Jackson Hole changes the overall picture fundamentally, the ra...
GBP/USD May Reach 2014 Low This Quarter
Aug 22 08:13 GMT, by Dukascopy Swiss FX Group
The rate of British Pound's depreciation relative to the Dollar decelerated ahead of the support at 1.6550. Nevertheless, the bears should remain the main driving force and eventually push the exchan...
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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