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May 27 11:42 GMT

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European Session: Orders and Options Watch
May 27 09:53 GMT, by ActionForex.com
EUR: The single currency recovered after falling to 1.0863 yesterday, however, offers are still noted at 1.0930 and 1.0960, more sell orders are reported at 1.0980 and 1.1000, selling intrest should emerge around 1.1020 and 1.1050. On the downside, bids are now seen at 1.0880, 1.0865 and 1.0850, buy orders are expected at 1.0825-30 and 1.0800, fre...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. Further rally is expected as long as 185.97 support holds. Abo... - May 27 05:06 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral or the moment. On the downside, below 133.09 will confirm that a short term to... - May 27 05:04 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains on the downside for 0.7013 low. Break will confirm larger down trend resumption and wo... - May 27 04:58 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. We're still preferring the case that fall from 1.5331 has comp... - May 27 04:53 GMT

Special Reports

BOJ Expects Inflation To Achieve Target Later Than Expected. Yen Slumped
May 27 06:26 GMT
Japanese yen slumped as BOJ minutes unveiled that Japan’s inflation would reach...
Fed Unveiled Rate Hike In June Unlikely
May 21 03:42 GMT
The FOMC minutes for the April meeting contained little news. Yet, the indicati...
BOE Minutes Warned Of Upside Risks In Housing Market
May 20 11:12 GMT
Delivering little surprise, the BOE minutes for the May showed that policymaker...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9405
As the greenback has retreated after faltering below resistance at 0.9539, suggesting consolidation below this level would be see... - May 27 11:26 GMT
Trade Idea Update: GBP/USD - Hold long entered at 1.5355
As cable has retreated after meeting resistance at 1.5437, suggesting caution on our long position entered at 1.5355 and 1.5375-8... - May 27 11:23 GMT
Trade Idea Update: EUR/USD - Sell at 1.1005
As the single currency recovered after holding above yesterday's low at 1.0863, suggesting minor consolidation above this level w... - May 27 11:21 GMT
Trade Idea Update: USD/JPY - Buy at 122.90
The greenback has surged again after brief pullback and bullishness remains for recent upmove to extend further gain to 123.80-85... - May 27 11:18 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/USD Candlesticks and Ichimoku Analysis
Aussie's sharp retreat from 0.8163 (this month's high) adds credence to ou... - May 27 09:21 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Kiwi has fallen again after meeting renewed selling interest at 0.7564 ear... - May 27 08:50 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although cable rebounded initially last week to 1.5700 (we recommended to ... - May 26 08:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 134.25
The single currency has rebounded again after brief retreat to 133.67 (missed our long entry at 133.50) and this move adds creden... - May 27 10:23 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7730
Although aussie has remained under pressure and marginal weakness from here cannot be ruled out, oversold condition suggests curr... - May 27 10:05 GMT
Trade Idea: EUR/GBP - Sell at 0.7165
As the single currency has remained under pressure after meeting renewed selling interest at 0.7163 late last week, retaining our... - May 26 14:26 GMT
Trade Idea: USD/CAD - Buy at 1.2360
As the greenback has surged again today, confirming our view that low has been formed at 1.1920 (as wave c and probably entire wa... - May 26 14:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Aussie continued to fall after retreating sharply from 0.8163 (this m... - May 27 11:05 GMT
EUR/CHF Elliott Wave Analysis
The single currency slipped again this week and near term downside ri... - May 27 10:55 GMT
GBP/USD Elliott Wave Analysis
Although the British pound rebounded initially last week (we recommen... - May 26 09:48 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 27 11:35 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE↓ DN↓ DN- NE
USDJPY↑ UP↑ UP↑ UP- NE
GBPUSD- NE↓ DN- NE- NE
USDCHF- NE↑ UP↑ UP- NE
USDCAD- NE↑ UP↑ UP- NE
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Forex Brokers

Fundamental Analysis Reports

US Open – Markets Rebound In Light Data Session
May 27 11:12 GMT, by MarketPulse
U.S. futures are pointing marginally higher on Wednesday, paring some of the losses made on Tuesday in response to Yellen's unwavering hawkish stance and growing Greek concerns. With little new to fo...
BoC To Leave Rates Unchanged, BoJ Minutes
May 27 10:57 GMT, by Swissquote Bank SA
The Bank of Canada (BoC) will release its rate decision today. We expect the Bank to leave its target rate unchanged at 0.75%, in line with median forecast. The recent downturn in the Canadian econom...
European Market Update: ECB Keeps Its ELA Funding For Greece Banking Sector Unchanged For 1st Time In Over 3 Months
May 27 09:36 GMT, by Trade The News
The USD/JPY hovered just off its recent 8-year high at 123.32 ahead of a G7 meeting in Germany. Various Japanese politicians and central bankers reiterated standard G7 rhetoric that it was best if FX...
Dollar Dominance Punishes Euro, Pound And JPY
May 27 09:24 GMT, by ForexTime
The Dollar bulls are continuing to enjoy momentum and drive the Greenback higher following Janet Yellen reigniting buying interest after she recently repeated the Federal Reserve’s commitment to rais...
Gold Finds Dynamic Support
May 27 08:10 GMT, by Blackwell Global
Gold was sold off heavily yesterday, pushing the metal back below the $1200 an ounce mark as India announced a ‘Monetisation Programme’. Gold now sits along the bullish trend line at the bottom of a ...
Silver: Looking To The Long Side
May 27 08:09 GMT, by Blackwell Global
Silver fell strongly overnight, breaching a key psychological level at 17.10, to rest upon support at 16.75. The metal now sits upon a bullish trend-line that is providing plenty of support and may s...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD - Sees Weakness, Eyes Key Support
May 27 11:18 GMT, by FXTechstrategy
GBPUSD - With the pair weakening further on Tuesday, further bearishness is envisaged possibly towards the 1.5290 level. On the downside, immediate support lies at the 1.5300 level where a break if s...
Daily FX Report
May 27 09:18 GMT, by Varengold Bank
The dollar was on a bullish footing, hoisted higher as U.S. debt yields rose on the strong economic indicators. The USD received a further boost as the euro slid not only on persisting Greek woes but...
GBPUSD Can Fall Further Towards 1.5100-1.5000
May 27 08:16 GMT, by Elliott Wave Financial Service
Cable broke lower on Friday so we see wave 2/B as completed recovery at 1.5690 because of a strong decline through 1.5584 level. Notice that wave C already reached our minimum expected zone near 1.53...
EUR/USD Nears Weekly S1 At 1.0856
May 27 07:25 GMT, by Dukascopy Swiss FX Group
On Tuesday, the single European currency remained under significant bearish pressure, as US fundamentals pushed EUR/USD below 1.09. The pair dropped to one-month lows and was stopped by the weekly S1...
GBP/USD Extends The Correction For The Second Week
May 27 07:22 GMT, by Dukascopy Swiss FX Group
Yesterday, the Sterling declined slightly more than anticipated, as the Cable crossed the immediate support at 1.5406, before stabilising at 1.5390. Moreover, the pair even reached a two-week low of ...
USD/JPY Struggles To Overcome 123 Area
May 27 07:21 GMT, by Dukascopy Swiss FX Group
On Tuesday, the US Dollar skyrocketed and crossed the two closest resistance clusters. During the trading session the Greenback managed to reach the 2007 high, but was pushed back and, eventually, cl...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
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...
All Long Term Forecasts >>
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