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May 04 21:11 GMT

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US Session: Orders and Options Watch
May 04 14:15 GMT, by ActionForex.com
EUR: The single currency found support just above 1.1120 and has rebounded in NY morning, offers at 1.1165 and 1.1180 were filled, however, sell orders are still noted at 1.1200 and 1.1220, selling interest is tipped further out at 1.1235 and 1.1250, mixture of offers and stops is located at 1.1290-00. On the downside, bids remain at 1.1115-20 (st...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for the moment. Overall, price actions form 1.0461 are treated as a consolidat... - May 04 12:59 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains mildly on the downside for the moment. As noted before, rebound from 1.4565 should hav... - May 04 12:58 GMT
USD/JPY Mid-Day Outlook
Overall, USD/JPY could still be in consolidation pattern from 121.84 and another decline might be seen. Below 118.32 wi... - May 04 12:56 GMT
USD/CHF Mid-Day Outlook
A temporary low is formed at 0.9277 in USD/CHF and intraday bias is turned neutral first. Some consolidations would be ... - May 04 12:55 GMT

Special Reports

RBA To Cut In May
May 04 02:30 GMT
Following the previous cut in February, we expect the RBA would trim the cash r...
RBNZ Signaled Easing Bias
Apr 30 03:49 GMT
Kiwi plunged, erasing the gains made over the past 2 days after release of RBNZ...
FOMC Statement Signals June A 'Live' Meeting
Apr 30 02:21 GMT
Notably, the reference that 'an increase in the target federal funds rate remai...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold long entered at 0.9350
Dollar's retreat after intra-day brief bounce to 0.9384 dampened our near term bullishness but as long as 0.9315 holds, prospect ... - May 04 15:54 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5250
As the British pound has remained under pressure after Friday's selloff below previous support at 1.5304 as well as 1.5175, addin... - May 04 15:50 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has rebounded after holding above indicated previous support at 1.1116, suggesting consolidation would be ... - May 04 15:45 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 119.60
As the greenback has maintained a firm undertone after last week's anticipated rally above previous resistance at 120.09-12, addi... - May 04 15:38 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Last week's breach of previous resistance at 1.1052 signals temporary low ... - May 04 09:28 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Despite last week's brief breach of previous support at 118.53, as the gre... - May 04 09:12 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
The single currency did rallied in line with our bullish expectations, add... - May 01 09:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7300
As the single currency has retreated after rising to 0.7420 on Friday, suggesting consolidation below this level would be seen an... - May 04 14:04 GMT
Trade Idea: USD/CAD - Buy at 1.2135
As the greenback has retreated after rising to 1.2205 on Friday, suggesting consolidation would be seen, however, as long as 1.20... - May 04 13:59 GMT
Trade Idea: EUR/JPY - Buy again at 132.60
As the single currency has retreated after rising to 135.29 on Friday, suggesting minor consolidation below this level would be s... - May 04 10:25 GMT
Trade Idea: AUD/USD - Stand aside
Aussie's retreat after rising to 0.8076 last week suggests recent rebound has possibly ended there and downside risk remains for ... - May 04 10:14 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Despite last week's brief fall to 118.50, as the greenback found rene... - May 04 10:52 GMT
EUR/USD Elliott Wave Analysis
Euro's stronger-than-expected rebound last week together with the bre... - May 04 10:46 GMT
EUR/JPY Elliott Wave Analysis
The single currency finally staged the anticipated rebound this week ... - May 01 10:37 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 04 22:05 GMT

Action Bias

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

Fundamental Analysis Reports

EURUSD Gains Retreating with Greece Weighing on Sentiment
May 04 14:19 GMT, by ForexTime
The USD is continuing to slowly rebuild some momentum, with the reserve currency trading higher against the majority of its major trading partners to begin the week. It has to be said that the recent...
Event Risk Looking To Support The Dollar This Week
May 04 11:56 GMT, by MarketPulse
Holiday thinned markets (Japan's Golden week holiday Monday-Wednesday and today's U.K May Day celebrations) are managing to keep forex action relatively tight ahead of the open stateside this morning...
UK Election Under Focus, Swiss PMI
May 04 09:59 GMT, by Swissquote Bank SA
Latest survey provided by YouGov indicates that Conservatives lead Labour by 1 point at 34% versus 33%; Labour were leading Tories in the last poll from Friday (…). A hung parliament is therefore the...
European Market Update: Major European Manufacturing PMIs Come In Mixed
May 04 09:56 GMT, by Trade The News
EUR/USD moved into the lower end of recent range in thin trading with UK dealers out for a bank holiday as Euro Zone manufacturing PM slowed in April. The range 1.1070 to 1.1300 area continued to hol...
RBA Eyed, China's Manufacturing PMI Revised Down
May 04 07:50 GMT, by Swissquote Bank SA
The last 2 weeks were not easy for dollar bulls with the dollar index down 3.6% at 94.39 on April 30th, the lowest since February 26th. Finally, the greenback got some respite last Friday and even en...
GBP Finds Fibonacci Support
May 04 07:49 GMT, by Blackwell Global
The market shrugged off the UK GDP figures which were a big miss early on in the week. Q1 2015 GDP came in at 0.3% q/q, down from 0.6% the previous quarter. US dollar selling ensured the pound was st...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDJPY: "Golden" Breakout Could Target 7.5-Year High
May 04 13:11 GMT, by Forex.com
Last week, we identified USDJPY as a currency pair that could be ripe for a breakout, noting that, most traders have lost interest in the lackluster trade of USDJPY, but ironically, that's generally...
IMM Positioning: Bullish USD Positions Back At September 2014 Levels
May 04 10:43 GMT, by Danske Bank
IMM positioning data released on Friday showed that the aggregate speculative positioning in the USD saw another week of long covering. Speculators have now unwound their exposure to the ‘greenback’ ...
Today's Market Outlook
May 04 09:34 GMT, by Windsor Brokers Ltd
The Euro closed in red on Friday, after posting marginally higher high at 1.1288, where rally stalled on approach to descending daily 100SMA. Subsequent pullback is resuming lower, after losing initi...
Forex Technical Analysis
May 04 09:27 GMT, by DeltaStock Inc.
The recent reversal at 1.5500 resistance area shows, that the whole uptrend since 1.4560 is already over and the bias is negative, for a tight test of 1.5070 support zone. Initial resistance lies at ...
EUR/USD Hovers Below 23.6% Fibo
May 04 08:23 GMT, by Dukascopy Swiss FX Group
On a short-term chart, EUR/USD is trading in a rather wide range between two major technical levels at 1.1257 (23.6% Fibo) and 1.11 (weekly PP). Strengthened by 100-day SMA and Bollinger band from ab...
GBP/USD Sets Eyes On 1.50
May 04 08:21 GMT, by Dukascopy Swiss FX Group
The Sterling failed to meet expectations, as it suffered heavy losses on Friday, amid weak fundamentals. The initial support at 1.53 was pierced, and the Cable even fell deeper down under 1.52. Ultim...
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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