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Sep 19 07:48 GMT

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Daily Report: Sterling Soars and Scotland Rejected Independence
Sep 19 06:49 GMT, by ActionForex.com
Sterling soared as along with the Scottish independence referendum and maintained gain as the no camp won. It's reported that 55% of voters rejected independence while 45% supported. Now that the risk is behind, BoE is seen to be back on track, and business as usual as some described. The central bank is seen to hike rate next year as recovery...

Technical Outlook

EUR/USD Daily Outlook
With 1.2994 resistance intact, deeper decline is still expected in EUR/USD. Current fall is expected to extend to 1.275... - Sep 19 07:37 GMT
USD/CHF Daily Outlook
A temporary top is in place and intraday bias in USD/CHF is turned neutral. With 0.9300 support intact, current rally i... - Sep 19 07:32 GMT
USD/JPY Daily Outlook
USD/JPY's rally continues today and reaches as high as 109.45 so far. Intraday bias remains on the upside and current r... - Sep 19 07:29 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains on the downside for the moment. The fall from 0.9054 would target a test on 0.8659 sup... - Sep 19 07:25 GMT

Special Reports

SNB Strengthened Stance To Interfere EURCHF If Inflation Deteriorates Further
Sep 18 11:24 GMT
The SNB intensified the stance that it would use all possible means to combat d...
FOMC Left 'Considerable Time' Language But Generally Viewed As More Hawkish
Sep 18 02:54 GMT
Market reactions suggested that investors viewed the September FOMC meeting as ...
BOE Minutes Show Another Month Of 7-2 Split Of Monetary Decision
Sep 17 09:49 GMT
The BOE minutes for the September meeting showed a 7-2 vote to keep the Bank ra...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: EUR/USD - Stand aside
Although the single currency has retreated after meeting resistance at 1.2930, break of 1.2850-55 is needed to signal rebound fro... - Sep 19 07:40 GMT
Trade Idea: USD/JPY - Buy at 108.50
As the greenback has risen again after brief pullback, suggesting recent upmove is still in progress and further gain to 109.50 (... - Sep 19 07:31 GMT
Trade Idea Wrap-up: USD/CHF - Sell at 0.9390
Although the greenback resumed recent rise to 0.9433, lack of follow through buying and the subsequent strong retreat suggest a t... - Sep 18 15:43 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although the British pound surged again today and broke briefly above 1.6400 and near term erratic upmove from 1.6052 low may ext... - Sep 18 15:38 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
Despite last week's rebound to 0.8066, lack of follow through buying and t... - Sep 18 10:13 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
Euro's retreat after meeting resistance at 1.2119 last week has retained o... - Sep 18 10:04 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Kiwi continued to meet selling interest around the Tenkan-Sen and price ha... - Sep 17 08:18 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7915
As euro's decline from 0.8066 has gathered momentum and broke below previous support at 0.7874, confirming our view that early de... - Sep 18 14:56 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0970
The greenback has slipped again after brief bounce to 1.1024, suggesting further consolidation would be seen and support at 1.092... - Sep 18 14:48 GMT
Trade Idea: EUR/JPY - Buy at 138.00
As the single currency has surged after breaking indicated resistance at 139.20-28, adding credence to our view that recent rise ... - Sep 18 09:47 GMT
Trade Idea: AUD/USD - Buy at 0.8900
Although aussie has resumed recent decline after meeting renewed selling interest at 0.9112 and near term downside risk remains f... - Sep 18 09:41 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Failure to extend early rebound and the subsequent stronger-than-expe... - Sep 18 10:34 GMT
USD/CAD Elliott Wave Analysis
Although the greenback has retreated after rising to 1.1099 earlier t... - Sep 18 10:28 GMT
AUD/USD Elliott Wave Analysis
As the Australian dollar has rebounded after falling to 0.8984 earlie... - Sep 17 10:29 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 19 07:40 GMT

Action Bias

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

Japanese Trade Balance Improves On Bigger Imports Drop
Sep 19 07:41 GMT, by Dukascopy Swiss FX Group
Opposite to Swiss international trade data, Japanese statistics posted an improvement in August of this year, as negative balance decreased to 948.5 billion yen from 1.02 trillion yen a month before....
ECB Allocates First Funds Under Targeted Lending Program As Some Banks To Wait Until December
Sep 19 07:40 GMT, by Dukascopy Swiss FX Group
The European Central Bank has held the first round of the Targeted Long-term Operations program, which is aimed to lend extremely cheap money to Eurozone's banks. They, in turn, are supposed to start...
American Jobless Claims Decline, Construction Sector Weakens
Sep 19 07:38 GMT, by Dukascopy Swiss FX Group
Labour market in the United States is showing more signs of improvement, as claims for unemployment benefits in the country dropped to 280,000 for the week ended September 12, the lowest level in two...
U.K. Retail Sales Rise Less Than Expected, Scotland Likely To Reject Independence
Sep 19 07:36 GMT, by Dukascopy Swiss FX Group
Retail sales in the United Kingdom advanced in line with the majority of forecasts by 0.4% in August. Excluding fuel, they were up by 0.2%. Among volatile products, car sales jumped 2.1%, while furni...
Switzerland's Trade Surplus Drops, SNB Keeps Main Rate And Euro-Franc Limit Unchanged
Sep 19 07:35 GMT, by Dukascopy Swiss FX Group
Trade balance in Switzerland registered a decline in August for the first time since May, as deliveries to country's largest economic partners dropped. Trade surplus reached 1.39 billion francs, comp...
Scots Say 'No' To Independence, GBP Rallies
Sep 19 07:32 GMT, by Swissquote Bank SA
The Scotland says 'no' to independence, according to a comfortable majority of votes covered at the time we write these lines. The 307-year-old UK remains intact, pushing the GBP-complex higher acros...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Retreats To 1.29
Sep 19 07:29 GMT, by Dukascopy Swiss FX Group
bottom out near the support at 1.2750. The bears are expected to take the price much lower, potentially down to the 2012 low at 1.2050, before there is a major reversal of the present downward trend.
GBP/USD Threatens Down-Trend Resistance At 1.6450
Sep 19 07:28 GMT, by Dukascopy Swiss FX Group
Although GBP/USD hesitated at first, in the end it broke a tough resistance area near 1.63. This allowed the currency pair to challenge another important supply level at 1.6450 created by the down-tr...
USD/JPY Prepares For An Attack On 2008 High
Sep 19 07:27 GMT, by Dukascopy Swiss FX Group
USD/JPY continues to gain ground, and for now it does not seem to be noticing the resistance at 109 formed by the weekly R2 and 2008 Sep high. The next obstacle, which should be more difficult to ove...
USD/CHF Pushed Back To 0.93
Sep 19 07:25 GMT, by Dukascopy Swiss FX Group
The pair took a major hit after approaching the 2013 Sep high, meaning there is a formidable resistance area around 0.9450. However, if USD/CHF does not fall beneath 0.93 (monthly R2 and two-month up...
Daily FX Report
Sep 19 06:06 GMT, by Varengold Bank
Sterling surged in early Asian trading on Friday after an opinion poll carried out on the day of the referendum showed opponents to Scottish independence had a widening lead on the day of the vote, t...
Daily Technical Analysis
Sep 19 05:44 GMT, by FX Instructor
The EURUSD failed to continue its bearish momentum yesterday, slipped above 1.2910. The bias is neutral in nearest term, probably with a little bullish bias testing 1.2980 resistance area. Immediate ...
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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