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US Session: Orders and Options Watch
Aug 20 14:21 GMT, by ActionForex.com
GBP: The British pound bounced off low as 2 MPC members voted to raise rates at the latest BOE meeting, however, sell orders are still seen at 1.6680-85 and in good size at 1.6700 and 1.6725, mixture of offers and stops is located at 1.6750 and 1.6775-85, selling interest is expected further out at 1.6800-10 (stops above). On the downside, bids ar...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Current decline should target 100% projection of 1.399... - Aug 20 12:56 GMT
GBP/USD Mid-Day Outlook
GBP/USD recovers today but stays below 1.6737 resistance. Intraday bias remains on the downside. The current developmen... - Aug 20 12:53 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the upside for the moment and current rebound form 100.82 should target 104.12 resi... - Aug 20 12:51 GMT
USD/CHF Mid-Day Outlook
USD/CHF's break of 0.9114 resistance indicates that recent rebound from 0.8702 has resumed. Intraday bias is back on th... - Aug 20 12:48 GMT

Special Reports

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...
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 ...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9080
As the greenback has continued to trade with a firm bias after breaking above previous resistance at 0.9115, adding credence to o... - Aug 20 15:55 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Cable's intra-day rebound after MPC vote outcome suggests consolidation above intra-day low of 1.6602 would be seen, above intra-... - Aug 20 15:50 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3320
As the single currency has remained under pressure after yesterday's selloff below previous support at 1.3333, adding credence to... - Aug 20 15:46 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 102.90
The greenback has maintained a firm undertone after this week's rally above previous resistance at 103.09, adding credence to our... - Aug 20 15:42 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
Despite yesterday's rebound to 0.8028, as the single currency has retreated again after holding below last week's high of 0.8036,... - Aug 20 14:59 GMT
Trade Idea: USD/CAD - Buy at 1.0900
As the rebound from last week's low at 1.0860 gathered momentum, adding credence to our view that pullback from 1.0986 has ended ... - Aug 20 14:55 GMT
Trade Idea: EUR/JPY - Buy at 136.50
Euro's near term sideways trading is likely to continue, however, reckon downside would be limited to 136.40-50 and bring anoth... - Aug 20 09:49 GMT
Trade Idea: AUD/USD - Sell at 0.9310
Despite yesterday's rise to 0.9345, the subsequent retreat suggests the rebound from 0.9239 has ended there and consolidation w... - Aug 20 09:46 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie's rebound from 0.9239 suggests consolidation above th... - Aug 20 11:25 GMT
EUR/CAD Elliott Wave Analysis
The single currency only bounced to 1.4734 earlier this month before ... - Aug 20 11:19 GMT
GBP/USD Elliott Wave Analysis
Last week's breach of previous support at 1.6660 adds credence to our... - Aug 19 08:58 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 21 04:15 GMT

Action Bias

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

Fundamental Analysis Reports

Asian Shares Dropped On China's Pessimistic Manufacturing Data
Aug 21 03:51 GMT, by ICN.com
Asian shares fell Thursday for the first time in nine sessions, after data showed China's HSBC manufacturing PMI dropped below estimates in August. The MSCI Asia Pacific index declined 0.6% to record...
US Highlights of the Minutes from the July 29 and 30 FOMC Meeting
Aug 21 03:23 GMT, by RBC Financial Group
Federal Open Market Committee (FOMC) participants viewed the rebound in second-quarter 2014 gross domestic product (GDP) and ongoing improvement in labour markets since the June FOMC meeting as supp...
Traders Shun MPC Hawkes To Push Cable Down
Aug 21 03:07 GMT, by ThinkForex
The BoE votes revealed the first dissent among MPC members since July 2011, as Martin Weale and Ian McCafferty voted to increase interest rates from the all-time low of 0.5% to 0.75%. However this wa...
FOMC Minutes
Aug 21 03:05 GMT, by ThinkForex
Yesterday's FOMC minutes reveal an intensifying debate inside the central bank about when to signal a rate increase. The minutes hinted at a slightly more aggressive stance among some members, but th...
China's HSBC Manufacturing PMI Below Estimates In August
Aug 21 02:55 GMT, by ICN.com
China HSBC manufacturing PMI dropped below estimates in August, raising concerns that the world's second largest economy may not realize the targeted growth of 7.5%, especially after credit slowdown.
GBP/USD - Steady As BOE Split On Rate Decision
Aug 21 02:26 GMT, by MarketPulse
The pound has steadied on Wednesday, following sharp losses a day earlier. GBP/USD is trading in the mid-1.66 range in the North American session. On the release front, British Industrial Order Expec...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Aug 21 04:07 GMT, by HY Markets
THE EURO closed lower on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearis...
Eur/Yen, The Next To Surge ?
Aug 21 03:44 GMT, by Foreign Exchange Analytics
In the July 31st email, affirmed the view of an important bottoming in the 136.00/25 support area (Feb low, base of bull channel from July 2012), and now with potential for an upside acceleration dir...
Market Morning Briefing
Aug 21 03:30 GMT, by Kshitij Consultancy Services
Dollar-Yen (103.87) is hitting a 5-month high after breaking above 103 contrary to expectations. Now expect minor resistance at 104.10-20 and major resistance at 105.25-45. Interestingly, Euro-Yen (1...
AUD/USD - May Have Eyes On Support At 0.9220
Aug 21 02:32 GMT, by MarketPulse
After threatening to break through the support level at 0.93, the Australian dollar has finally slid lower to below this level after mounting another rally in recent hours. Over the last month or so,...
Australia 200 - Surges To Six Year High Around 5650
Aug 21 02:28 GMT, by MarketPulse
The Australian 200 Index has finally been able to crack it and surge higher to a new six year high around 5650 in the last day after enjoying a solid move higher over the last week bouncing off the s...
Daily Forex Update: USD/CAD
Aug 21 02:18 GMT, by Autochartist
USD/CAD continues to rise in the direction of the key resistance level 1.1007. USD/CAD is expected to reach this key level in the next 34 trading days. This forecast continues the earlier upward reve...
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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