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Aug 27 12:51 GMT

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Mid-Day Report: Euro Mildly Higher Against Dollar, But Stays Soft in Crosses
Aug 27 12:33 GMT, by ActionForex.com
Euro recovers mildly against dollar today. Some people attributed that to comments from German finance minister Schaeuble. However, it should be noted that the common currency has indeed weakened against Sterling and Yen today. The recovery in EUR/USD should be more related to retreat in the greenback. In particular, dollar dipped quite sharply ag...

Technical Outlook

GBP/USD Mid-Day Outlook
GBP/USD's consolidations from 1.6534 continues today with another recovery. Further rise could be seen. But upside is e... - Aug 27 12:34 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.3993 medium term would extend t... - Aug 27 05:34 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for some consolidations above 1.6534 temporary low. Upside of recovery is expe... - Aug 27 05:32 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains neutral for the moment. Note that 104.12 resistance could be strong enough to trigger ... - Aug 27 05:30 GMT

Special Reports

Dovish Draghi Does Not Mean ECB Would Act Further In September
Aug 27 06:31 GMT
Selloff of the euro continues after ECB president Mario Draghi's speech last we...
Yellen's Speech Was Balanced, Yet Dovish
Aug 25 03:11 GMT
Fed Chair Janet Yellen delivered a balanced speech regarding the US labor marke...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9110
Despite intra-day initial brief rise to 0.9185, lack of follow through buying and current retreat suggest consolidation below thi... - Aug 27 10:49 GMT
Trade Idea Update: GBP/USD - Buy at 1.6470
Although cable has rebounded again after holding above support at 1.6537, break of 1.6600-05 is needed to suggest a temporary low... - Aug 27 10:45 GMT
Trade Idea Update: EUR/USD - Buy at 1.3170
Although the single currency fell initially to 1.3153, as recent decline is losing downward momentum, reckon downside would be li... - Aug 27 10:43 GMT
Trade Idea Update: USD/JPY - Sell at 104.60 or buy at 103.20
As the greenback has retreated again after faltering below this week's high of 104.28, retaining our view that further consolidat... - Aug 27 10:41 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Despite early anticipated fall to 93.95, the subsequent stronger-than-expe... - Aug 27 06:35 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although the Australian dollar slipped again to as low as 0.9239, failure ... - Aug 27 06:32 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound fell again after brief recovery early last week, suggest... - Aug 26 09:54 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Hold long entered at 137.25
The single currency has slipped again after meeting renewed selling interest at 137.42 yesterday and marginal weakness from here ... - Aug 27 08:56 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie continued to edge higher after finding support at 0.9272 yesterday, break of resistance at 0.9345 is needed to si... - Aug 27 08:50 GMT
Trade Idea: EUR/GBP - Stand aside
Although the single currency has remained under pressure after dropping from Friday's high of 0.8016 and near term downside risk ... - Aug 26 14:06 GMT
Trade Idea: USD/CAD - Buy at 1.0900
Despite intra-day brief rise to 1.0998, lack fo follow through buying on break of last week's high of 1.0987 and the subsequent r... - Aug 26 13:59 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
As aussie has rebounded again after finding support at 0.9239 last we... - Aug 27 10:27 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency has remained under pressure  and near te... - Aug 27 10:13 GMT
GBP/USD Elliott Wave Analysis
As the British pound has fallen again after brief recovery, suggestin... - Aug 26 10:42 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 27 12:45 GMT

Action Bias

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

Gold Showing Little Movement After Mixed US Data
Aug 27 12:17 GMT, by MarketPulse
Gold is stable on Wednesday, as the pair trades at $1284.27 per ounce in the European session. It's a quiet day on the release front, with no major releases out of the US. On Tuesday, the Russian and...
EUR/USD - Little Movement as German Consumer Climate Softens
Aug 27 12:17 GMT, by MarketPulse
It continues to be a quiet week for EUR/USD, which is trading in the high-1.31 range in Wednesday's European session. On the release front, there are no major releases out of the Eurozone or the US. ...
EUR Demise Supported By Record Low Peripheral Yields
Aug 27 11:10 GMT, by MarketPulse
This Friday cannot come soon enough for some forex market participants. So far this week, investors have been starved for fundamental data to back their currency positioning. Many have had to make do...
ECB And BoJ Policy Outlook
Aug 27 10:53 GMT, by Swissquote Bank SA
EUR/USD made new lows yesterday, confirming persistent selling pressures. The technical structure is negative as long as prices remain below the hourly resistance at 1.3297 (22/08/2014 high). A first...
European Market Update: European Confidence Data Looking Shaky In Session As Numerous Countries Miss Expectations
Aug 27 10:23 GMT, by Trade The News
The USD consolidated its recent gains despite some economic misses out of the EMU data front today. The EUR/USD was trying to regain some posture above the 1.32 handle. The pair hit a fresh 11-month ...
Euro Picks Up, Schaeuble Softens Tone On ECB Easing
Aug 27 10:19 GMT, by ICN.com
Euro remained under pressured Wednesday; however, the single currency reacted to the U.S. Dollar weakness in during European trades as the greenback fell back on profit-taking. Euro has been struggli...
All Daily Fundamental Reports >>

Technical Analysis Reports

Technical Update - Important EUR and GBP Pairs
Aug 27 12:22 GMT, by Admiral Markets
Continuing with its downward trajectory, as depicted by a short-term descending trend-channel formation on daily chart, the pair this week has repeatedly been hitting fresh 2014 lows. The pair now se...
Forex Technical Analysis
Aug 27 09:50 GMT, by DeltaStock Inc.
Yesterday's slide failed to break below 1.3534 low and the consolidation pattern below 1.6600 static resistance is still intact, preceding a slide towards 1.6460. The intraday bis is slightly bullish...
Dollar/Yen Rally Pauses At Around 104
Aug 27 09:40 GMT, by ZIFX.com
On Tuesday Dollar/Yen traded within 45 pip range. The currency couple appreciated from 103.74 to 104.18 yesterday, matching the positive money flow sentiment at above +5%, closing the day at 104.04. ...
Today's Market Outlook
Aug 27 08:40 GMT, by ZIFX.com
The Euro maintains negative tone and trends lower, with fresh one-year low being posted at 1.3149. Near-term price action keeps focus on targets at targets at 1.3103, Sep 2013 higher low and 1.3022, ...
USD INDEX: 82.85 Within Sites
Aug 27 08:14 GMT, by ThinkForex
Annualised momentum has curevned up to suggest the cycle low is in place (backed up by the actual low on the charts). We are also trading above the 50-week average - with any luck we'll manage to sta...
Cable Remains Low And In Narrow Scope
Aug 27 08:04 GMT, by ZIFX.com
On Tuesday Pound/Dollar decreased with almost 60 pips. The Cable depreciated from 1.6596 to 1.6537 yesterday, in line with the negative money flow sentiment at below -11%, closing the day at 1.6538. ...
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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