Forex Trading

World Interest Rates

US dollar interest rates   USD   0.25% euro interest rates   EUR   0.05%
japanese yen interest rates   JPY   0.10% england interest rates   GBP   0.50%
swiss-franc,switzerland interest rates   CHF   0.00% australian dollar interest rates   AUD   2.50%
canadian dollar interest rates   CAD   1.00% new zealand dollar interest rates   NZD   3.50%
chinese yuan interest rates   CNY   6.00% indian rupee interest rates   INR    8,00%
brazil real interest rates   BRL   11.0% hong Kong dollar interest rates   HKD   0.50%
mexican peso interest rates   MXN   3.00% south Korean won interest rates   KRW   2.25%
taiwan dollar interest rates  TWD   1.875%  

 

Forex Outlook and Forecast

EUR/USD Weekly Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 00:52:51 GMT

EUR/USD went further low to 1.3333 before recovering to 1.3433 on Friday and then closing for the week at 1.3412.

EUR/USD Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:24:32 GMT

The EUR/USD fundamental analysis and outlook is updated weekly. This is mainly derived from the recent major economic releases and news.

EUR/USD Daily Analysis - September 2, 2014

Written By : ForexAbode.com || 2014-09-02 05:39:53 GMT

Current Exchange Rate: 1.3116 at the time of analysis update. Intraday overall outlook:   Yesterday we had indicated support over 1.3100 and with that a move towards 1.3160.

EUR/USD caught between uncertainties of fundamentals and technical factors

Written By : himanshu || 2014-06-30 07:52:55 GMT

EUR/USD had touched 1.3651 on June 25th and had found strong resistance at 55-day EMA.

USD/JPY Weekly Outlook - August 11 to 15, 2014 

Written By : ForexAbode.com || 2014-08-10 01:01:28 GMT

USD/JPY had tried to move up but failed before last week's 103.09.

USD/JPY Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:31:22 GMT

The USD/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

USD/JPY Daily Analysis - September 1, 2014

Written By : ForexAbode.com || 2014-09-01 04:22:31 GMT

Current Exchange Rate: 104.26 at the time of analysis update. Intraday outlook: . The break over 104.

USD/JPY - Is 110 still a dream or becoming a reality?

Written By : himanshu || 2014-09-03 11:18:18 GMT

It was December 28, 2013 i.e. over 8 months back when we had indicate that the year 2014 should see USD/JPY to target 110.00. Well, the pair failed to move beyond 105.44 and had fallen to 100.75.

EUR/JPY Weekly Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 01:21:58 GMT

EUR/JPY dropped further to 135.73 before recovering strongly, on Friday, to 136.95 before closing for the week at 136.83. The previous failure at 138.

EUR/JPY Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:29:24 GMT

The EUR/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

EUR/JPY Daily Technical Analysis - August 4, 2014

Written By : ForexAbode.com || 2014-08-04 05:28:25 GMT

Current Exchange Rate: 137.73 at the time of analysis update. Intraday outlook: . EUR/JPY had gone as high as 138.05 but found a taste of 55-day EMA resistance which was at 138.04 at that time.

An Eye on EUR/JPY

Written By : forexabode || 2014-02-02 01:43:15 GMT

EUR/JPY continued it's strong fall and that has brought the bearish outlook in the picture. However, the current price action is testing a very critical support zone.

GBP/USD Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 01:53:47 GMT

GBP/USD tried to recover initially during the last week but failed at 1.6889 and dropped further to 1.6767 before closing for the week at 1.6775.

GBP/USD Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:44:44 GMT

The GBP/USD fundamental analysis is updated weekly. It is one of the basis for the GBP/USD weekly outlook. This is mainly derived from the recent major economic releases and news.

GBP/USD Analysis - August 7, 2014

Written By : ForexAbode.com || 2014-08-07 05:52:59 GMT

Current Exchange Rate: 1.6839 at the time of analysis update. Intraday outlook: . GBP/USD lost the downward momentum after touching 1.6810. Some more upward correction is now expected but as of now there are no clear indications of that.

GBP/USD breaks above one more hurdle

Written By : forexabode || 2014-02-15 07:36:35 GMT

GBP/USD had achieved one landmark on January 23, 2013 when the pair had broken above August 2011's strong resistance of 1.6618. This resistance had cause the pair to fall by 1376 pips to as low as 1.5272.

GBP/JPY Weekly Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 01:39:33 GMT

GBP/JPY failed in its attempt of recovery at 173.50 and fell strongly to touch 170.71 before closing for the week at 171.15. The strong fall and the break below June 11's 170.97 made the short-term bearish outlook stronger.

GBP/JPY Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:38:55 GMT

GBP/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

GBP/JPY Daily  Technical Analysis - August 4, 2014

Written By : ForexAbode.com || 2014-08-04 05:10:46 GMT

Current Exchange Rate: 172.58 at the time of analysis update. Intraday outlook: .

What did GBP/JPY's recent support whispered?

Written By : forexabode || 2014-02-23 01:33:39 GMT

GBP/JPY surely lost upward momentum during the the last week and that may cast some doubts about the continuation of further gains.

AUD/JPY Weekly Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 02:04:52 GMT

AUD/JPY dropped sharply during the last week to touch 93.93 but jumped up on Friday to close for the week at 94.65. The highlight of the last week was a move below the support of 94.39.

AUD/JPY Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:51:25 GMT

The AUD/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

AUD/JPY Analysis - July 23, 2014

Written By : ForexAbode.com || 2014-07-23 03:58:51 GMT

Current Exchange Rate: 95.74 at the time of analysis update. Intraday outlook:  The strong jump which broke over the expected resistance of 95.70 suggests that we should see further gains for a retest of 95.99.

AUD/JPY - On It's Way To 100?

Written By : himanshu || 2013-10-20 00:45:34 GMT

AUD/JPY's strong uptrend from 74.47 to 105.43 had to have some consolidation. Such a big upward move would naturally call for a 61.8% retracement.

AUD/USD Weekly Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 02:14:30 GMT

AUD/USD tried recovery but failed at 0.9374 and fell sharply to 0.9240 before closing for the week at 0.9277.

AUD/USD Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:48:15 GMT

The AUD/USD fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

AUD/USD Analysis - July 23, 2014

Written By : ForexAbode.com || 2014-07-23 02:55:26 GMT

Current Exchange Rate 0.9447 at the time of analysis update. Intraday outlook: . AUD/USD jumped up strongly today to take out 0.9416 resistance. The upward jump was after the year-on-year CPI data came as 3% against the previous 2.9%.

AUD/USD - Will the fundamental fury sustain?

Written By : forexabode || 2014-05-29 03:35:11 GMT

Australian dollar jumped up very strongly in the Asian morning session. AUD/USD saw a jump of 55 pips in the matter of minutes.

USD/CHF Weekly Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 02:20:28 GMT

USD/CHF, initially, inched upwards and moved over last to last week's 0.9107 to touch 0.9114 but could not sustain and fell to 0.9033 before closing for the week at 0.9054. The slight break below 0.9037/0.

USD/CHF Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:54:43 GMT

The USD/CHF fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

USD/CHF Analysis - July 23, 2014

Written By : ForexAbode.com || 2014-07-23 02:35:58 GMT

Current Exchange Rate : 0.9023 at the time of analysis update. Intraday outlook:   There is no change in our outlook for USD/CHF from yesterday.

USD/CHF 2014 outlook - who is winning as the safe haven currency?

Written By : forexabode || 2013-12-30 08:33:40 GMT

USD/CHF is not stopping to prove the bearish sentiments. The race seems to be continuously on to prove which is the safe haven currency and which is "THE" safe haven currency.

USD/CAD Outlook - The Pair Is Near Some Resistances

Written By : himanshu || 2014-07-14 09:18:06 GMT

.

USD/CAD: 14 years Price-Action in a Nutshell - Is A Near-Term Bottom In Place?

Written By : himanshu || 2014-07-09 11:44:14 GMT

USD/CAD had dipped to 1.0620 and seems to be finding some support since then. The price-action during past 6 days has been failing to dip below 1.0600 to enter the psychological ranges of 1.0500.

USD/CAD: unemployment rate will cause further decline

Written By : liteforex || 2013-08-09 11:47:46 GMT

USD/CAD: unemployment rate will cause further decline 1.

USD/CAD Outlook - 2012/10/03

Written By : forexabode || 2012-10-02 23:40:53 GMT

USD/CAD's Broke Over The Resistance After 12 Weeks   USD/CAD had broken over the Tenkan line resistance level after over 12 weeks.

 

Latest Forex Updates

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USD/JPY - Is 110 still a dream or becoming a reality?

It was December 28, 2013 i.e. over 8 months back when we had indicate that the year 2014 should see USD/JPY to target 110.00. Well, the pair failed to move beyond 105.44 and had fallen to 100.75. The...

Currency Speculators increased US Dollar bets to highest level since February last week

By CountingPips.com The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large trader and...

Gold Rallying On Back of US Dollar Gains

The gold price has rallied strongly in recent weeks to hit a high of $1322 per ounce in recent weeks. Renewed demand from Jewellers and producers together with increased global political tensions have...

USD/CAD Outlook - The Pair Is Near Some Resistances

During the previous USD/CAD outlook update, we had indicated that the price was hitting a mid-term trend-line support and that we could expect some upward gains, including the possibilities of a near-term...

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Forex Charts

Please type the currency pair code on the top right side box to get the chart of the pair you wish to see. You may change the time frames of the chart and apply technical indicators as well as draw trend lines. For applying trend lines, please use the drawing tools on the left hand side.

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Important Economic Events

        
Date GMT Currency Event Vol Actual Cons. Previous
Sep 16 01:30 AUD RBA Meeting's Minutes !!      
Sep 16 08:30 GBP Core CPI(YoY)  !!!  1.9%  1.8%  1.8%
Sep 16 08:30 GBP CPI(YoY)  !!! 1.5%  1.5% 1.6%
Sep 16 09:00 EUR ZEW Survey - Economic Sentiment !!! 6.9%   4.8% 8.6% 
Sep 17 08:30 GBP BOE MPC Vote Cut  !!!  0  0 0
Sep 17 09:30 GBP Bank of England Minutes  !!!      
Sep 17 12:30 USD CPI(YoY)  !!!  1.7% 1.9%  2.0%
Sep 17 12:30 USD CPI x Ex Food & Energy (YoY) !!!  1.7% 1.9% 1.9%
Sep 17 18:00 USD Fed Interest Rate Decision  !!!     0.25%
Sep 17 18:00 USD Fed's Monetary Policy Statement !!!      
Sep 18 07:30 CHF SNB Interest Rate Decision !!!
  0%
View the real time Economic Calendar Worldwide Bank Holidays

Euro crashes further on unexpected interest rate cut by ECB from 0.15% to 0.05%. U.S. Factory orders rose to 10.5% in July on month-over month basis. Up from June's 1.5%. Nonfarm payroll release on Friday, September 5th expected to show a growth from 209K to 225K.

Daily Forex Resistance and Support levels

PAIR Res 1 Res 2 Support 1 Support 2
EUR/USD 1.3841 1.3861 1.3807 1.3793
USD/JPY 102.39 102.71 101.85 101.63
EUR/JPY 141.54 142.02 140.78 140.5
GBP/JPY 171.95 172.61 170.95 170.61
GBP/USD 1.6817 1.6849 1.6765 1.6745
AUD/JPY 94.97 95.21 94.5 94.27
AUD/USD 0.9301 0.9322 0.9257 0.9234
USD/CHF 0.8833 0.8843 0.8808 0.8793
Please check the time of update. Please check detailed Forex trading analysis and forecasts on the individual pages of various Forex pairs.

 

Last Updated on Thursday, 18 September 2014 02:56 GMT

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