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May 06 09:31 GMT

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European Session: Orders and Options Watch
May 06 09:27 GMT, by ActionForex.com
EUR: The single currency moved higher after yesterday's rebound from 1.1066, offers at 1.1180, 1.1200 and 1.1220 were filled, however, sell orders are still noted at 1.1225-35 (stops above) and further out at 1.1280, mixture of offers and stops is located at 1.1300, selling interest is tipped at 1.1325-30, 1.1360, 1.1385 and 1.1400. On the downsid...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. As long as 180.64 minor support holds, further rise is expecte... - May 06 08:06 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Another rise is in favor as long as 131.28 resistance turned s... - May 06 08:02 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. We'd still expect rebound from 0.7013 to continue. Above 0.741... - May 06 07:59 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. At this point, we're still preferring the case that fall from ... - May 06 07:56 GMT

Special Reports

UK General Election – Most Divided Ever
May 06 05:36 GMT
UK's general election this year would be the most uncertain one ever. With only...
RBA Cut Rate To 2%, Fuelling Of Housing Prices Inevitable
May 05 07:45 GMT
RBA cut the cash rate by -25 bps to 2% in May, after pausing over the past 2 mo...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
Although yesterday's break of previous support at 0.9277 (last week's low) confirms recent decline from 1.0129 top has resumed an... - May 06 07:34 GMT
Trade Idea: GBP/USD - Stand aside
As the British pound has rebounded after yesterday's marginal fall to 1.5089, suggesting consolidation above this level would be ... - May 06 07:29 GMT
Trade Idea: EUR/USD - Buy at 1.1150
As the single currency has staged a strong rebound after finding good support at 1.1066 yesterday, suggesting the retreat from 1.... - May 06 07:20 GMT
Trade Idea: USD/JPY - Hold short entered at 120.35
As the greenback has slipped again after meeting renewed selling interest at 120.05, retaining our bearish view that top has been... - May 06 07:10 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Aussie found renewed buying interest at 91.75 and has rallied since late l... - May 06 08:38 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie retreated after rising to 0.8076 last week, as the pair fo... - May 06 08:05 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Despite last week's rise to 1.5498, the subsequent selloff suggests first ... - May 05 08:48 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7300
Euro's retreat after rising to 0.7420 on Friday has retained our view that further consolidation below this level would be seen a... - May 05 14:34 GMT
Trade Idea: USD/CAD - Stand aside
Current selloff dampened our near term bullishness and suggests the rebound from 1.1945 (last week's low) has ended at 1.2205 and... - May 05 14:32 GMT
Trade Idea: EUR/JPY - Buy at 132.45
Euro's retreat after last week's rally to 135.29 suggests temporary top has been formed there and consolidation below this level ... - May 05 09:36 GMT
Trade Idea: AUD/USD - Sell at 0.7960
Despite intra-day brief fall to 0.7788, as aussie has rebounded after finding support there, suggesting consolidation would be se... - May 05 09:29 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although cable surged last week to as high as 1.5498, the subsequent ... - May 05 10:07 GMT
GBP/JPY Elliott Wave Analysis
Despite last month's anticipated decline174.90, the subsequent strong... - May 05 09:58 GMT
USD/JPY Elliott Wave Analysis
Despite last week's brief fall to 118.50, as the greenback found rene... - May 04 10:52 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 06 10:25 GMT

Action Bias

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

Fundamental Analysis Reports

USD Decline Slows Despite Uninspiring US ISM
May 06 07:41 GMT, by KBC Bank
On Friday, the dollar was in the defensive for most of the day, but fortunes changed later in the session as US bond yields rose. Hawkish Fed talk might have played a role. Was Friday's price action ...
A Rock And A Hard Place Snags The RBNZ
May 06 07:40 GMT, by Blackwell Global
It's been a tough old day for the Reserve Bank of New Zealand (RBNZ) with some disappointing data out of New Zealand over the last 24 hours. A rate cut might seem the logical answer to combat a slowi...
Silver Looking For A Break Out
May 06 07:34 GMT, by Blackwell Global
The past few days have seen silver consolidating sideways as it looks for some direction in the midst of a bevy of mixed US economic data. Despite attempting to push higher, silver has met some stron...
NZD Dragged Down By Poor Jobs Data, EURUSD Erases Previous Losses
May 06 07:27 GMT, by Swissquote Bank SA
NZD/USD got hammered last night after the release of softer-than-expected labour data. In the first quarter, unemployment rate increased to 5.8% verse 5.5% expected (prior read revised up by 0.1% to ...
European Open – Greece, PMIs And US Jobs In Focus
May 06 06:43 GMT, by MarketPulse
European futures are pointing to a slightly stronger open on Wednesday, ahead of the first of three extremely important days for financial markets. Today there are two big focuses, economic data and ...
New Zealand Unemployment Remains At 5.8%, As Participation Rate At All-Time High
May 06 06:36 GMT, by Dukascopy Swiss FX Group
New Zealand's unemployment rate remained unchanged in the first quarter as the participation rate in the jobs market reached its highest level on record. The number of people in the workforce rose to...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Resumes Growing
May 06 08:03 GMT, by Dukascopy Swiss FX Group
After two consecutive days of losses, EUR/USD renewed its bullish trend on Tuesday, while growth continues taking place in the early morning on Wednesday. Still, considerable resistance is created by...
GBP/USD Regains Bullish Momentum
May 06 08:01 GMT, by Dukascopy Swiss FX Group
Sterling found more support at the 100-day SMA, as it prevented the GBP/USD pair from falling yesterday. The nearest resistance, namely the monthly PP, was easily pierced, as the Cable negated Monday...
USD/JPY: Further Weakness Expected
May 06 07:59 GMT, by Dukascopy Swiss FX Group
USD/JPY experienced substantial volatility on Tuesday. The Buck stretched out towards 120.50 and 119.70, failing to reach the worst-case scenario low of 119.64. 55-day SMA provided sufficient support...
XAU/USD To Test Resistance At 1,194
May 06 07:58 GMT, by Dukascopy Swiss FX Group
Gold traded on the upside during the trading session on Tuesday. Positive momentum was provided by the weekly PP at 1,187, even though the precious metal faced a dense cluster of resistances ahead of...
Daily FX Report
May 06 05:27 GMT, by Varengold Bank
Oil prices hit their highest for the year on Tuesday, aided by a disruption in Libyan crude exports, higher selling prices for Saudi oil and a weaker dollar that tends to inflate commodity prices. Si...
EURJPY - Reverses Higher, Eyes The Further 135.27 Level
May 06 05:00 GMT, by FXTechstrategy
EURJPY- Having taken back its intra day losses to close higher on Tuesday, risk of further move higher is now envisaged. Resistance lies at the 135.00 level. Further out, resistance resides at the 13...
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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