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Oct 31 08:17 GMT

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Daily Report: Equities Boosted by US GDP, Dollar Firm
Oct 31 02:55 GMT, by ActionForex.com
US equities jumped sharply overnight as boosted by the stronger than expected GDP report, which showed 3.5% annualized growth comparing to consensus of 2.9%. DJIA rose further 221.11 pts, or 1.3% to close at 17951.42, comparing to record high of 17350.64 made in September. S&P 500 rose 12.35 pts, or 0.62% to close at 1994.65 comparing to recor...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains mildly on the downside for 1.2500 support. Break will Break will extend the larger fal... - Oct 31 03:07 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for 1.5876 low. Break will extend the decline from 1.7190 and to 61.8%... - Oct 31 03:05 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for 0.9688 resistance. Break will extend that larger rise from 0.8698 to... - Oct 31 03:03 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains on the upside for 110.08 resistance first. Break will extend the larger up trend to ne... - Oct 31 03:00 GMT

Special Reports

BOC Revised Growth And Inflation Outlook Higher In October
Oct 23 05:31 GMT
The BOC left the overnight rate unchanged at 1% in October. Accordingly, the Ba...
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...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9580
As the greenback found renewed buying interest at 0.9544 yesterday and has rallied again, adding credence to our bullish view tha... - Oct 31 07:33 GMT
Trade Idea: GBP/USD - Sell at 1.6010
The British pound also slipped after rebounding to 1.6023 yesterday, suggesting the fall from 1.6184 is still in progress, break ... - Oct 31 07:26 GMT
Trade Idea: EUR/USD - Sell at 1.2615
The single currency has fallen again after meeting renewed selling interest at 1.2632 yesterday (just below 38.2% Fibonacci retra... - Oct 31 07:21 GMT
Trade Idea: USD/JPY - Buy at 110.25
As the greenback has rallied after finding renewed buying interest at 108.80 and broke above previous chart resistance at 110.09,... - Oct 31 07:15 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

USD/CAD Candlesticks and Ichimoku Analysis
As the greenback has retreated after rising to 1.1386 earlier this month, ... - Oct 31 08:00 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under near term pressure after retreat... - Oct 30 09:44 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
As the single currency has remained under pressure after retreating sharpl... - Oct 30 09:36 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7820
Although the single currency has remained under pressure and near term downside risk remains for the fall from 0.8047 to extend w... - Oct 30 14:37 GMT
Trade Idea: USD/CAD - Buy at 1.1080
Although the greenback recovered after falling to 1.1122 yesterday, reckon 1.1255-65 would limit upside and near term downside ri... - Oct 30 14:34 GMT
Trade Idea: EUR/JPY - Buy at 136.65
As the single currency has retreated after rising to 138.03 yesterday, consolidation below this level would be seen and pullback ... - Oct 30 09:23 GMT
Trade Idea: AUD/USD - Sell at 0.8840
Despite yesterday's brief rise to 0.8911, lack of follow through buying on break of previous resistance at 0.8899 and the subsequ... - Oct 30 09:19 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the retreat from 0.8047 has kept euro under pressure, suggesting i... - Oct 30 10:40 GMT
USD/CAD Elliott Wave Analysis
As the greenback has retreated after rising to 1.1386, suggesting con... - Oct 30 10:36 GMT
EUR/CHF Elliott Wave Analysis
The single currency met renewed selling interest at 1.2140 earlier th... - Oct 29 11:21 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 31 08:10 GMT

Action Bias

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

German Unemployment Unexpectedly Declines, Spanish Economy Growth In Q3
Oct 31 07:55 GMT, by Dukascopy Swiss FX Group
The number of unemployed people in Europe's biggest economy unexpectedly plummeted, while jobless rate stayed unchanged at 6.7%. The gauge came in at –22,000, following a revised 9,000 rise booked in...
US GDP Grows More Than Expected, Initial Claims Rise
Oct 31 07:54 GMT, by Dukascopy Swiss FX Group
While concerns about the health of overseas economies are mounting, the US economy continues to surprise analysts and market participants by its ongoing strength, as it grew steadily again in the thi...
Britain's Housing Market Loses Momentum, According To Nationwide
Oct 31 07:53 GMT, by Dukascopy Swiss FX Group
House price growth in the UK slowed for a second consecutive month in October, adding to further signs that the country's property market is cooling. According to Britain's second biggest mortgage le...
BoJ Unexpectedly Launches New Round Of QQE
Oct 31 07:52 GMT, by Dukascopy Swiss FX Group
The Bank of Japan unexpectedly decided to expand what was already unprecedentedly massive monetary stimulus as economic growth and inflation have not accelerated as anticipated after the sales tax hi...
USD/JPY Surges As BOJ Eases Again
Oct 31 07:37 GMT, by KBC Bank
The BOJ in a well-timed moved upped its asset purchases. The contrast with the Fed stopping QE is striking and didn't pass unnoticed in the FX market. USD/JPY surged to above 111, breaking through th...
EUR/USD: Euro Trading Marginally Lower Ahead Of The Euro-Zone's CPI Data
Oct 31 06:10 GMT, by GCI Financial
The pair is expected to find support at 1.2556, and a fall through could take it to the next support level of 1.2508. The pair is expected to find its first resistance at 1.2642, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Oct 31 06:30 GMT, by Varengold Bank
As the U.S. economy expanded more than forecasted in the thirs quarter to confirm the Federal Reserve`s decision to end its bond-buying program, the dollar touched a three-week high against its major...
Daily Technical Analysis
Oct 31 05:36 GMT, by FX Instructor
The EURUSD attempted to push lower yesterday, bottomed at 1.2545 but closed higher at 1.2611. The bias remains bearish in nearest term testing 1.2500. Immediate resistance is seen around 1.2630/50. A...
Foreign Exchange Market Commentary
Oct 31 04:21 GMT, by HY Markets
THE EURO closed lower on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signall...
The Daily Forecaster: GBPUSD
Oct 31 04:14 GMT, by FX-Forecaster
As with the Continentals the downtrend extended more directly than I had expected to reach 1.5950. The 1.6038 highshould now hold for losses to extend down to (around) the 1.5950 low and after a corr...
Market Morning Briefing
Oct 31 03:33 GMT, by Kshitij Consultancy Services
The Euro (1.2598) hasn't really added to its loss till now but the target of 1.25 remains unchanged. The bearish momentum remains strong below our old resistance of 1.2780. The Pound (1.5989) suffere...
Gold, Important Bottoming ?
Oct 31 02:13 GMT, by Foreign Exchange Analytics
In the Oct 21st email, said that risk was rising for at least a week of downside, and the market has indeed tumbled since that day's high at $1255. In the big picture, again approaching that longer t...
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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