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Jun 20 07:03 GMT

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Daily Report: Bernanke Signaled Fed Could End Stimulus Next Year, Dollar and Yield Jumped, Stocks Tumbled
Jun 20 05:38 GMT, by ActionForex.com
Financial markets were rocked by FOMC statement and press conference which suggested that Fed would taper the asset purchase program later this year and even end the program in mid-2014. Dollar jumped across the board with dollar index jumping back above 81.5 level. 10 year yield soared to close at 2.311% while 30 year yield jumped to close at 3.4...

Technical Outlook

EUR/USD Daily Outlook
The break of 1.3278 minor support suggests that EUR/USD has topped out at 1.3416 on bearish divergence condition in 4 h... - Jun 20 06:26 GMT
GBP/USD Daily Outlook
GBP/USD drops sharply to as low as 1.5426 so far and intraday bias remains on the downside. As noted before, the correc... - Jun 20 06:17 GMT
USD/CHF Daily Outlook
USD/CHF recovers further but is still kept below 0.9418 resistance. Intraday bias remains neutral first. With 0.9418 re... - Jun 20 06:14 GMT
USD/JPY Daily Outlook
USD/JPY's recovery from 93.78 extended further and the breach of 97.01 minor resistance indicates that correction from ... - Jun 20 06:10 GMT

Special Reports

Speculations Of Fed's QE Tapering Raised After A Hawkish June Meeting
Jun 20 04:34 GMT
The June FOMC meeting turned out to be more hawkish than previously anticipated...
BOE Voted 6-3 To Leave Asset Purchases Size Unchanged
Jun 19 10:30 GMT
The minutes for the June BOE minutes showed that 6 out of 9 board members voted...
Aussie Dropped As RBA Minutes Gave The Green Light For Further Easing
Jun 18 07:06 GMT
The RBA released the minutes for the June meeting, explaining rationales for th...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 0.9260
Although dollar's near term sideways trading is likely to continue, yesterday's retreat from 0.9262 to 0.9176 suggests correction... - Jun 19 16:01 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5710
Despite intra-day retreat to 1.5603, as the British pound has rebounded after holding above indicated support at 1.5565, retainin... - Jun 19 15:58 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has continued to trade with a firm undertone after rising to 1.3416 yesterday, near term bullishness remai... - Jun 19 15:55 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's near term sideways trading is expected to continue and the retreat from yesterday's high of 95.77 is likely to be limite... - Jun 19 15:51 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
The Australian dollar continued to meet resistance around the Tenkan-Sen a... - Jun 19 10:12 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Aussie did rebound to indicated upside target at 0.9600 as suggested in ou... - Jun 19 09:46 GMT
GBP/USD Candlesticks and Ichimoku Analysis
As the British pound has continued to move higher after breaking previous ... - Jun 18 10:05 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.8485 or on break of 0.8600
Yesterday's strong rebound suggests a test of resistance at 0.8598 would be seen, however, a break there is needed to suggest a p... - Jun 19 14:58 GMT
Trade Idea: USD/CAD - Buy at 1.0090
Despite intra-day rebound to 1.0239, current retreat has retained our view that near term downside risk remains for another fall ... - Jun 19 14:50 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency rebounded early this week after holding above last week's low of 124.94 and we are keeping our view ... - Jun 19 09:04 GMT
Trade Idea: AUD/USD – Buy at 0.9400
Although aussie has rebounded after intra-day brief fall to 0.9435, above 0.9575-80 is needed to signal the fall from 0.9666 has ... - Jun 19 09:00 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie retreated after rebounding to 0.9666 last week, if ou... - Jun 19 11:05 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency extended recent decline from 1.2650 top ... - Jun 19 10:54 GMT
GBP/USD Elliott Wave Analysis
Although the British pound edged higher again last week and near term... - Jun 18 12:04 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jun 20 06:55 GMT

Action Bias

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

June Manufacturing, Services PMIs Bring Euro Into Focus
Jun 20 06:41 GMT, by ICN.com
The Euro zone and Germany will deliver some fresh updates about the key manufacturing and services sectors, with June advanced PMI surveys due to be released later Wednesday. Business activity contin...
EUR/USD: Dollar Advanced On Ben Bernanke Comments
Jun 20 05:18 GMT, by GCI Financial
The pair is expected to find support at 1.3199, and a fall through could take it to the next support level of 1.3143. The pair is expected to find its first resistance at 1.3365, and a rise through c...
GBP/USD: Pound Dropped Following BoE Minutes
Jun 20 05:17 GMT, by GCI Financial
The pair is expected to find support at 1.5353, and a fall through could take it to the next support level of 1.5270. The pair is expected to find its first resistance at 1.5599, and a rise through c...
USD/CAD: Loonie Suffered After Bernanke Indicated Fed Could Reduce Buying
Jun 20 05:16 GMT, by GCI Financial
The pair is expected to find support at 1.0213, and a fall through could take it to the next support level of 1.0132. The pair is expected to find its first resistance at 1.0334, and a rise through c...
USD/JPY: Pair Rallied As Bernanke Says Fed Could Taper Buying
Jun 20 05:15 GMT, by GCI Financial
The pair is expected to find support at 95.58, and a fall through could take it to the next support level of 94.01. The pair is expected to find its first resistance at 97.97, and a rise through coul...
USD/CHF: Swissy Trading Lower, Trade Balance Data Awaited
Jun 20 05:14 GMT, by GCI Financial
The pair is expected to find support at 0.9209, and a fall through could take it to the next support level of 0.9121. The pair is expected to find its first resistance at 0.9354, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Jun 20 06:12 GMT, by FX Instructor
The EURUSD had a bearish momentum yesterday after the FOMC and hit 1.3247 earlier today. Price is still moving above the daily EMA 200 but this fact interrupts the bullish outlook and turns my neares...
Foreign Exchange Market Commentary
Jun 20 05:35 GMT, by HY Markets
The EURO closed sharply lower on Wednesday and the lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to ...
Daily FX Report
Jun 20 05:25 GMT, by Varengold Bank
Yesterday Fed Chairman Ben S. Bernanke said that the central bank could reduce its bondbuying program this year and end it in the next year if the economy achieves sustainable growth. So because of t...
Forex and Dow Jones Recommended Levels
Jun 20 05:04 GMT, by FXtechtrade
EUR/USD Today's support: - 1.3226 and 1.3207(main), where correction is possible. Break would give 1.3188, where correction also may be. Then follows 1.3159. Break of the latter would result in 1.313...
EUR/USD Sinks On Bernanke Speech At FOMC
Jun 20 04:42 GMT, by ZIFX.com
On Wednesday Euro/Dollar decreased tremendously with 160 pips on Fed meeting. The European currency depreciated from 1.3424 to 1.3260 yesterday, matching the negative money flow sentiment at bellow -...
Market Morning Briefing
Jun 20 03:30 GMT, by Kshitij Consultancy Services
The Euro (1.3275) is down as the Resistance at 1.3400-50 has held well. Is vulnerable to a fall back towards 1.30 over the next 2-3 weeks. The Pound (1.5455) is down sharply as well, but might find s...
All Daily Technical Reports >>

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Long Term Forecasts

The Federal Reserve's Exit Strategy: How Will It Unfold?
Jun 13 15:01 GMT, by TD Bank Financial Group
Quantitative easing (QE) has been one of the most controversial aspects of the Federal Reserve's st...
Is the U.K. Economy (Finally) Turning the Corner?
Apr 29 15:48 GMT, by Wells Fargo Securities
Recently released data show that real GDP in the United Kingdom grew 0.3 percent (1.2 percent at an...
Easy Money: Japan's Policy Gamble
Apr 13 04:00 GMT, by Wells Fargo Securities
This report focuses on Japan and considers the domestic implications of the bold fiscal and monetar...
A Bird's Eye View of the Global Economy
Mar 19 16:25 GMT, by TD Bank Financial Group
The global economy grew by an estimated 2.9% in 2012. The euro zone double dip recession, a softer ...
FX Top Trades 2013: How to Position for the Coming Year
Dec 05 14:55 GMT, by Danske Bank
For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2...
All Long Term Forecasts >>
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