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Oct 22 22:21 GMT

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US Session: Orders and Options Watch
Oct 22 14:42 GMT, by ActionForex.com
EUR: The single currency has fallen again after brief recovery, bids at 1.2675-80 were filled, however, buy orders are located at 1.2650, buying interest should emerge around 1.2630-40 (stops below 1.2620) and further out at 1.2600-10. On the upside, offers are lowered 1.2700, 1.2730 and 1.2740-50, more sell orders are tipped at 1.2770, 1.2785-00 ...

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 Wrap-up: USD/JPY - Exit long entered at 106.40
Although the greenback has moved higher again after holding above the Ichimoku cloud top and test of indicated resistance at 107.... - Oct 22 15:58 GMT
Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has continued to move higher after breaking resistance at 0.9491 and near term upside risk is seen for gai... - Oct 22 15:53 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although cable has recovered from 1.6011, sterling's intra-day selloff signals top has been formed at 1.6184 yesterday and near t... - Oct 22 15:47 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2725
As the single currency has remained under pressure after breaking previous support at 1.2706, suggesting the fall from 1.2887 (la... - Oct 22 15:43 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/GBP - Sell at 0.7970
As the single currency has remained under pressure after retreating sharply from last week's high of 0.8047, retaining our view t... - Oct 22 15:18 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has slipped again after intra-day brief bounce to 1.1294, retaining our view that further consolidation below 1.... - Oct 22 15:15 GMT
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
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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Currency Heat Map (Daily)

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Last Updated: Oct 22 22:15 GMT

Action Bias

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

The Bank of Canada's Tune Has Changed, But the Song Remains the Same
Oct 22 16:17 GMT, by TD Bank Financial Group
Importantly, the Bank of Canada has dropped its explicit reference to being "neutral" on the direction of future changes in the overnight rate. However, there seems to be something for both the hawks...
USD/CAD - Volatile on Retail Sales, BOC Statement
Oct 22 15:53 GMT, by MarketPulse
The Canadian dollar is showing some volatility in Wednesday's North American session, as USD/CAD trades at the 1.12 line. It's been a busy day on the release front. Canadian Retail Sales posted a dec...
Soft Consumer Inflation Backdrop Persists in September
Oct 22 14:40 GMT, by Wells Fargo Securities
Rebounding from its first monthly decline in 16 months, the headline CPI edged up 0.1 percent in September as increases in food and shelter helped offset a third straight decline in energy prices. Th...
AUD/USD - Steady as Australian CPI Remains Unchanged
Oct 22 14:24 GMT, by MarketPulse
The Australian dollar has posted slight gains on Wednesday, as AUD/USD is trading at the 0.88 line. On the release front, Australian CPI held steady at 0.5%. Trimmed Mean CPI slipped to o.4% in Septe...
Global Growth to Face Flash PMI Test
Oct 22 14:22 GMT, by MarketPulse
With investors growing increasingly jittery over China's economic performance of late, the October HSBC/Markit flash purchasing managers' index (PMI) due on Thursday is one traders will want to pay h...
EUR/USD: Falling Back
Oct 22 14:19 GMT, by Forex.com
This weekend the majority of European nations will be performing the yearly depressing act of setting their clocks back one hour to shift away from daylight savings time, and they can then begin prep...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCAD: Will BoC Bring a Break of the 1.13 Barrier?
Oct 22 14:16 GMT, by Forex.com
The USDCAD has already kicked off a massive day for economic data with a bang. At 8:30 ET (12:30 GMT), traders were hit with major simultaneous data releases from both sides of the 49th parallel. In ...
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 ...
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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