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Nov 27 11:38 GMT

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Daily Report: Markets to Consolidate in Holiday Trading
Nov 27 10:27 GMT, by ActionForex.com
While US equities made another record high yesterday, global markets didn't follow and are mixed today. Nikkei ended down -135 pts, or -0.78%, at 17248.5. Meanwhile, European indices opened today mixed and are fluctuating between gain and loss. Gold is mildly lower and is facing strong resistance from 1200 handle. The bigger move is found in crude...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. More consolidation could be seen. But with 1.2613 resistance i... - Nov 27 09:21 GMT
GBP/USD Daily Outlook
A short term bottom is likely formed at 1.5589 on bullish convergence condition in daily MACD. Further recovery would b... - Nov 27 09:19 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for the moment. The consolidation from 0.9741 might still extend. Below 0.9529... - Nov 27 09:15 GMT
USD/JPY Daily Outlook
As noted before, USD/JPY is close to 120 key cluster level around 120. That includes 161.8% projection of 101.08 to 110... - Nov 27 09:13 GMT

Special Reports

EURCHF And Gold Referendum
Nov 26 11:07 GMT
Voters in Switzerland would vote for 'Save our Swiss Gold' initiative on Novemb...
BOJ Divided Over QQE Expansion, October Minutes Show
Nov 25 06:16 GMT
Japanese yen climbed higher against the US dollar and the euro after the releas...
China Watch: PBOC's Surprising Rate Cuts Signal The Beginning Of Easing Cycle
Nov 24 10:49 GMT
The People's Bank of China (PBOC) cut the benchmark 1-year lending rate by -40b...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9560
Although the greenback has rebounded after holding above yesterday's low at 0.9595, break of yesterday's high at 0.9666 is needed... - Nov 27 11:02 GMT
Trade Idea Update: GBP/USD - Exit long entered at 1.5755
Despite intra-day brief rise to 1.5826, as the British pound ran into heavy offers there and has retreated sharply, suggesting an... - Nov 27 10:56 GMT
Trade Idea Update: EUR/USD - Buy at 1.2445
As the single currency has retreated after faltering below resistance at 1.2532 , suggesting consolidation below said resistance ... - Nov 27 10:52 GMT
Trade Idea Update: USD/JPY - Buy at 116.85
As the greenback has fallen again after brief recovery, retaining our view that near term downside risk remains for the fall from... - Nov 27 10:46 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has retreated after faltering below resistance at 0... - Nov 27 08:48 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although the single currency continued to trade with a soft tone and near ... - Nov 27 08:22 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie surged again to as high as 102.85 late last week, the subs... - Nov 26 07:58 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 148.00
Although euro has retreated from 147.42 (yesterday's high), reckon 145.90-00 would limit downside and near term upside risk remai... - Nov 27 09:24 GMT
Trade Idea: AUD/USD - Hold short entered at 0.8600
As aussie has rebounded after falling to 0.8480 yesterday, suggesting consolidation above this level would be seen, however, reck... - Nov 27 09:21 GMT
Trade Idea: EUR/GBP - Stand aside
As the single currency has slipped again after meeting resistance at 0.7950 earlier today, suggesting near term downside risk rem... - Nov 26 15:16 GMT
Trade Idea: USD/CAD - Stand aside
As the greenback has retreated after faltering below yesterday's high of 1.1317, suggesting near term downside risk remains for t... - Nov 26 15:10 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Despite staging the anticipated rebound to 0.8039, the subsequent ret... - Nov 27 10:39 GMT
USD/CAD Elliott Wave Analysis
Although the greenback slipped after meeting resistance at 1.1369 and... - Nov 27 10:32 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency has continued to trade defensively and d... - Nov 26 10:49 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Nov 27 11:30 GMT

Action Bias

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

Fundamental Analysis Reports

Gold Stable Ahead Of US Holiday
Nov 27 11:10 GMT, by MarketPulse
The US released a host of key data on Wednesday and the numbers were weak across-the-board. Unemployment Claims jumped to 313 thousand, its highest level since mid-September. Core Durable Goods Order...
Euro Area: Bank Lending Continues To Decline At A Slower Pace
Nov 27 11:08 GMT, by Danske Bank
M3 money supply in the euro area was weaker than expected as the growth rate was unchanged at 2.5% in October (consensus: 2.6%, Danske: 2.8%). Nevertheless, the rate of increase is still the highest ...
EUR/USD – Limited Movement In Holiday Trading
Nov 27 11:04 GMT, by MarketPulse
EUR/USD is showing little movement on Thursday, as the pair trades in the mid-1.24 range. US markets are closed for Thanksgiving, so traders can expect thin trading during the day. On the release fro...
Speculation Of An OPEC Supply Cut Grows
Nov 27 10:49 GMT, by Swissquote Bank SA
With oil prices continuing to fall there is mounting speculation that OPEC will cut supply at today's meeting. The much hyped OPEC meeting starting at 10:00cet and accompanying press conference at 16...
European Market Update: Deflation Concerns Persist In Europe, OPEC Meeting Underway
Nov 27 10:42 GMT, by Trade The News
European inflation data released in session failed to alleviate deflation concerns and continued to put some downward pressure on the Euro currency and European bond yield back to record lows. The EU...
Stronger Australia CAPEX
Nov 27 10:06 GMT, by Swissquote Bank SA
Forex markets were quiet in the Asian session as the US Thanksgiving Holidays have slow trading activity. Asian regional equities indices were mixed as the Nikkei was down 1.1% while the Shanghai com...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Nov 27 10:28 GMT, by Windsor Brokers Ltd
The Euro accelerated from 1.2440 trough and eventually broke above 1.25 barrier. Rally spiked at 1.2530, however, subsequent consolidation was not able to hold 1.25 handle, where the pair closed yest...
Technical Analysis for Crosses
Nov 27 09:54 GMT, by ICN.com
The pair traded positively yesterday touching the recent top recorded close to 186.10, but rebounded to the downside to show a slight bearish bias and is fluctuating now around 185.30 waiting to get ...
Technical Analysis for Major Currencies
Nov 27 09:53 GMT, by ICN.com
The pair moved to the upside and breached 1.2500, as stability above the referred to level favors extending the upside move targeting 1.2565 and 1.2620. Trading above 1.2490 is positive, while breaki...
EUR/USD Approaches Weekly R1
Nov 27 09:35 GMT, by Dukascopy Swiss FX Group
On Wednesday, the EUR/USD currency pair gained value for a third day in a row, as the single currency reached the weekly R1 at 1.2532. However, this level together with the long-term downtrend line s...
GBP/USD Rises Up To 1.58
Nov 27 09:34 GMT, by Dukascopy Swiss FX Group
Similar to the EUR/USD cross, the Cable reflected the yesterday's weakness of the US dollar and moved to the north. The pair crossed the 1.58 major and neared the weekly R2 four pips higher. At the s...
USD/JPY's Decline Stopped By Monthly R2
Nov 27 09:32 GMT, by Dukascopy Swiss FX Group
It seems that the USD/JPY currency pair decided to start moving away from the 118 major level, around which it hovered for past five days. As the decision was taken in favour of US dollar's decline, ...
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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