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Sep 17 13:32 GMT

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Mid-Day Report: Dollar Mildly Lower after Weak CPI, FOMC Awaited
Sep 17 12:52 GMT, by ActionForex.com
Dollar drops mildly in early US session after weaker than expected inflation data. But loss is so far limited as markets await FOMC policy decision. Headline CPI slowed to 1.7% yoy in August versus expectation of 1.9% Yoy. Core CPI also slowed to 1.7% yoy, versus expectation o 1.9% yoy. Later today, FOMC is expected to reduce a further USD 10b in ...

Technical Outlook

EUR/USD Mid-Day Outlook
The consolidation from 1.2859 temporary low is still in progress and intraday bias remains neutral for the moment. In c... - Sep 17 13:10 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for the moment as the consolidation from 0.9395 continues. Deeper retreat coul... - Sep 17 13:06 GMT
USD/JPY Mid-Day Outlook
USD/JPY's consolidation from 107.39 is still in progress and intraday bias remains neutral for the moment. Deeper decli... - Sep 17 13:02 GMT
GBP/USD Mid-Day Outlook
GBP/USD rises to as high as 1.6350 so far today as the recovery from 1.6051 continues. Outlook remains unchanged though... - Sep 17 12:53 GMT

Special Reports

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...
FOMC Meeting And Scottish Referendum Key Market Movers
Sep 15 07:58 GMT
We have a busy week ahead with the focus clearly on the FOMC meeting and Scotti...
RBNZ Paused In Rate Hike, Probably Until Next Year
Sep 11 03:39 GMT
The RBNZ delayed the rate hike schedule in September amidst lower inflation for...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9290
Although the greenback has rebounded again after yesterday's brief fall to 0.9300 and gain to 0.9360 cannot be ruled out, break o... - Sep 17 13:27 GMT
Trade Idea Update: GBP/USD - Stand aside
Despite yesterday's brief fall to 1.6162, as the British pound found good support there and has staged a strong rebound, suggesti... - Sep 17 13:24 GMT
Trade Idea Update: EUR/USD - Sell at 1.3010
Although the single currency retreated after yesterday's brief rise to 1.2995, near term upside risk remains for the erratic rise... - Sep 17 13:20 GMT
Trade Idea Update: USD/JPY - Buy at 106.65
Although the greenback has risen again after brief retreat to 106.81, break of resistance at 107.39 (last week's high) is needed ... - Sep 17 13:17 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Kiwi continued to meet selling interest around the Tenkan-Sen and price ha... - Sep 17 08:18 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar only recovered to 0.9218 before dropping again last ... - Sep 17 08:15 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound dropped to as low as 1.6052 last week, the subs... - Sep 16 08:14 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 138.00
As the single currency has maintained a firm undertone, suggesting recent upmove is still in progress and mild upside bias remain... - Sep 17 09:48 GMT
Trade Idea: AUD/USD Sell again at 0.9160
As the Australian dollar has rebounded after holding above support at 0.8984, suggesting consolidation above this level would be ... - Sep 17 09:43 GMT
Trade Idea: EUR/GBP - Stand aside
Despite staging the anticipated bounce to 0.8010, as the single currency has retreated again, retaining our view that further con... - Sep 16 14:24 GMT
Trade Idea: USD/CAD - Buy at 1.0970
As the pair has retreated after rising marginally to 1.1099 yesterday, retaining our view that minor consolidation would be seen ... - Sep 16 14:20 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
As the Australian dollar has rebounded after falling to 0.8984 earlie... - Sep 17 10:29 GMT
EUR/CAD Elliott Wave Analysis
Although the single currency rebounded after falling to 1.4037 earlie... - Sep 17 10:12 GMT
GBP/USD Elliott Wave Analysis
The British pound recovered after opening lower last week, however, c... - Sep 16 10:03 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 17 13:25 GMT

Action Bias

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

FOMC Meeting To Challenge EURUSD 1.30 Ceiling
Sep 17 12:19 GMT, by ForexTime
The Greenback unexpectedly slipped against its counterparts overnight following growing speculation that Wednesday's FOMC statement will deliver a dovish tone, while continue to suggest that a US int...
Gold Prices Stable as Markets Eye Fed Statement
Sep 17 12:10 GMT, by MarketPulse
Gold prices are steady on Wednesday, as the spot price stands at $1237.25 per ounce. The metal has posted modest gains this week, after slipping about 3% against the strong US dollar. Taking a look a...
Little Movement Ahead Of Fed Policy Statement
Sep 17 10:57 GMT, by MarketPulse
The euro continues to show little movement on Wednesday, as EUR/USD trades quietly in the mid-1.29 range. On the release front, Eurozone CPI held steady with a 0.4%, edging above the forecast of 0.3%...
European Market Update: Currency Markets Largely Quiet Ahead Of FOMC Statement
Sep 17 10:47 GMT, by Trade The News
GBP - Began the day trading higher on hope of a 'No' vote in the Scottish referendum. UK employment data was mixed, GBP traded higher then lower as BoE minutes show no change in voting (7-2) in the d...
Busy Eco-Political Calendar To Boost FX Vols
Sep 17 09:48 GMT, by Swissquote Bank SA
The quiet FX trading will likely come to an end today. The event flow starts with the Fed decision later today (18:00 GMT), the most expected Scottish referendum takes place tomorrow. Else, the ECB's...
Stoxx 600 Rebounds Slightly As Traders Look For Policy Clues
Sep 17 09:37 GMT, by ICN.com
The stocks market saw an upside correction in the early part of the European session on Wednesday amid anticipation for the Federal Reserve's policy announcement and fresh economic data on tap. The t...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDJPY: Will Fed-Fueled Fire Force a Break of 107.40?
Sep 17 12:56 GMT, by Forex.com
Let's get ready to RUMMMBBBBLE! Traders skipped out of bed this morning, giddy for the latest update from the world's most powerful central bank. As my colleague Kathleen Brooks discussed in detail y...
Technical Update - EURUSD, AUDUSD, USDJPY
Sep 17 12:29 GMT, by Admiral Markets
The pair has been witnessing a minor pull-back from near-term oversold condition witnessed last week when the pair dropped to its lowest level since July 2013. However, on 4-hourly chart, the pair no...
Technical Outlook: Important GBP Pairs
Sep 17 12:12 GMT, by Admiral Markets
Having received green signal for monetary policy change during Spring 2015 by the Bank of England Governor, Mark Carney, the GBP strengthened across the board during last week; however, important dat...
Forex Technical Analysis
Sep 17 10:52 GMT, by DeltaStock Inc.
Nothing interesting here, as the trading remains in a corrective mode below 1.2995 resistance. Crucial on the downside is 1.2906 and a break through that zone will signal a renewal of the slide towar...
GBPUSD - Maintains Recovery Bias
Sep 17 10:45 GMT, by FXTechstrategy
GBPUSD - With GBP following through on the back of its recovery during early trading today, it faces risk of continuation of that strength. Resistance resides at the 1.6350 level with a break aiming ...
Dollar/Yen Quiet And Above 107 Ahead Of FOMC
Sep 17 09:39 GMT, by ZIFX.com
On Tuesday Dollar/Yen decreased with 50 pips. The currency couple depreciated from 107.34 to 106.80 yesterday, not matching the positive money flow sentiment at over +6%, closing the day at 107.11. T...
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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