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Oct 22 13:45 GMT

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Mid-Day Report: Dollar Recovery Supported by Steady Inflation Data, Sterling Lower after BoE Minutes
Oct 22 12:58 GMT, by ActionForex.com
Dollar recovers generally against European majors today and is extending gain in early US session. But there is no clear sign that recent consolidation has finished and we'd yet see more corrective range trading ahead. Though, the steady inflation data is providing the greenback with some support. Headline CPI was unchanged at 1.7% yoy in Septembe...

Technical Outlook

EUR/USD Mid-Day Outlook
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1... - Oct 22 13:29 GMT
USD/CHF Mid-Day Outlook
At this point, there is no change in USD/CHF's outlook. While consolidation from 0.9688 might extend, we'd expect stron... - Oct 22 13:26 GMT
USD/JPY Mid-Day Outlook
USD/JPY is still limited below 107.49 and intraday bias remains neutral. Deeper fall cannot be ruled out yet as correct... - Oct 22 13:22 GMT
GBP/USD Mid-Day Outlook
GBP/USD's recovery was limited at 1.6184 and weakened today. Intraday bias stays neutral as we could see consolidation ... - Oct 22 12:59 GMT

Special Reports

British Pound Declined after Dovish BOE Minutes
Oct 22 13:08 GMT
The British pound slipped after the release of the BOE minutes for the October ...
Decelerated Chinese Growth Calls For More Easing
Oct 21 09:06 GMT
China's GDP growth exceeded market expectations in 3Q14 but the dataflow for Se...
RBA Reiterated A Period Of Stable Interest Rates
Oct 21 07:33 GMT
The RBA minutes for the October sent little surprise and the message was largel...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: EUR/USD - Stand aside
Although yesterday's fall from 1.2840 suggests near term downside risk remains for weakness towards 1.2650, as broad outlook is s... - Oct 22 13:40 GMT
Trade Idea Update: USD/JPY - Hold long entered at 106.40
As the greenback has staged a rebound after finding support at 106.25 yesterday, retaining our bullishness and consolidation with... - Oct 22 13:38 GMT
Trade Idea Update: USD/CHF - Stand aside
The greenback has continued to move higher after breaking resistance at 0.9491, dampening our bearishness and near term upside ri... - Oct 22 10:37 GMT
Trade Idea Update: GBP/USD - Exit long entered at 1.6035
Cable's intra-day selloff confirms top has been formed at 1.6184 yesterday and near term downside risk remains for weakness to 1.... - Oct 22 10:29 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has recovered after early selloff to 0.7709 and further cons... - Oct 22 09:45 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar continued to find good support above recent low at 0... - Oct 22 09:42 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound fell again and hit a low of 1.5875 last week, t... - Oct 21 09:43 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Although the single currency slipped again today and consolidation with mild downside bias remains for weakness to 135.00-10, bre... - Oct 22 09:36 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Aussie is expected to remain confined within recent established range and although recovery to 0.8835-45 cannot be ruled out, rec... - Oct 22 09:31 GMT
Trade Idea: EUR/GBP - Sell at 0.7980
As the single currency has retreated sharply after rising to 0.8047 last week, suggesting the a leg of the correction from 0.7766... - Oct 21 14:55 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has retreated after rising to 1.1366 last week, retaining our view that consolidation below this level would be ... - Oct 21 14:49 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Although euro's rebound from 1.4012 turned out to be stronger-than-ex... - Oct 22 11:01 GMT
AUD/USD Elliott Wave Analysis
Aussie has remained confined within near term range and further conso... - Oct 22 10:50 GMT
GBP/USD Elliott Wave Analysis
Although the British pound slipped again to as low as 1.5875 last wee... - Oct 21 10:59 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 22 13:40 GMT

Action Bias

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

USD/JPY - Little Movement as Japanese Trade Balance Slips
Oct 22 12:14 GMT, by MarketPulse
The Japanese yen is showing little activity on Wednesday, as USD/JPY trades just below the 107-range in the European session. In Japan, Trade Balance disappointed on Tuesday, posting a larger deficit...
Lower for Longer as BOE Minutes Show Pessimism
Oct 22 11:34 GMT, by MarketPulse
The Bank of England released the minutes from its October Monetary Policy Committee (MPC) meeting. As expected there was dissent regarding whether to keep rates at record low or to raise them to anti...
XAU/USD – Gold Flat Ahead Of US Consumer Inflation
Oct 22 11:10 GMT, by MarketPulse
Gold is calm on Wednesday, as the spot price stands at $1245.94 per ounce in the European session. In the US, today’s highlights are Core CPI and CPI. The markets are keeping expectations low for the...
GBPUSD: Another Dip Lower On The Rollercoaster
Oct 22 11:07 GMT, by ForexTime
The Cable has already declined by over 100 pips today from the daily high (1.6130) to trade at 1.6011 at the time of writing. This downside acceleration transpired after the Bank of England (BoE) Min...
EUR/USD – Stable as Markets Await US CPI Data
Oct 22 10:38 GMT, by MarketPulse
EUR/USD has posted slight losses on Wednesday, as the pair has dropped below the 1.27 line in the European session. The euro remains under pressure, having lost over 100 points since early Tuesday. O...
European Market Update: BOE Minutes Shows Vote Remained The Same But Contents A Tad More 'Dovish', Speculation That 11 Banks Failed ECB Stress Test
Oct 22 10:23 GMT, by Trade The News
Dealers continued to debate the ECB and the potential for further action. Speculation has intensified with ECB extending its covered bond purchasing program into the corporate bond market. The EUR/US...
All Daily Fundamental Reports >>

Technical Analysis Reports

Stocks: Resumption of New Bearish or Exiting Long-term Bullish Trend?
Oct 22 11:37 GMT, by Forex.com
European stocks are trading a touch lower. Following such a sharp rally yesterday, a little bit of profit-taking should not come as a major surprise. But is it just profit-taking that we are witnes...
Technical Analysis for Major Currencies
Oct 22 09:49 GMT, by ICN.com
The pair dropped yesterday after failing to breach 23.6% correction at 1.2855 levels. Meanwhile, the downside move is still limited above 1.2690 and 1.2700 accompanied by the continuous positivity on...
Technical Analysis for Crosses
Oct 22 09:49 GMT, by ICN.com
The pair is still stable above 172.00 keeping the upside move valid intraday, waiting to visit 173.65 then 175.00 mainly. Linear Regression Indicators are positive and rbeaking 172.00 pushes the pair...
Today's Market Outlook
Oct 22 09:27 GMT, by Windsor Brokers Ltd
The Euro accelerates below 1.27 support and near-term range’s lower boundary, which was attacked on a pullback, following repeated rejection at 1.2840 range tops. Yesterday’s bearish Outside Day sign...
USDCHF Elliott Wave Analysis: Impulsive Uptrend
Oct 22 09:23 GMT, by Elliott Wave Financial Service
USDCHF has made a nice extended leg up from July lows that we see it as wave (3) that is part of a five wave rally. This rally should then continue after a corrective pause and it seems that new one ...
Forex Technical Analysis
Oct 22 08:27 GMT, by DeltaStock Inc.
The downtrend from 1.2839 high is intact, heading towards 1.2635, en route to 1.2570. Key intraday resistance is projected at 1.2743, followed by the crucial 1.2785.
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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