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Oct 21 07:00 GMT

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Daily Report: Aussie Stuck in Range after RBA Minutes
Oct 21 03:11 GMT, by ActionForex.com
Australian dollar stays in tight range against the greenback after RBA said in the October meeting minutes that rates will stay low. It noted that given the information available, the board's judgement was that the current stance of monetary policy continued to be appropriate for fostering sustainable growth in demand and inflation outcomes consi...

Technical Outlook

EUR/USD Daily Outlook
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1... - Oct 21 03:22 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. As long as 1.6226 resistance holds, further fall is still expe... - Oct 21 03:20 GMT
USD/CHF Daily Outlook
No change in USD/CHF's outlook. We'd still expect strong support from from 0.9300/9395 support zone to complete the cor... - Oct 21 03:18 GMT
USD/JPY Daily Outlook
With 107.49 minor resistance intact, intraday bias stays neutral first. Deeper fall cannot be ruled out yet. But in tha... - Oct 21 03:15 GMT

Special Reports

Fed's Beige Book Described US Growth As 'Modest to Moderate'
Oct 16 05:38 GMT
The Beige Book prepared by the Minneapolis Fed, covering the period before Octo...
Weakness In Inflation Should Prompt PBOC To Add Stimulus
Oct 15 07:43 GMT
Headline CPI in China decelerated to +1.6% y/y in September from +2% in the pri...
September Minutes: Members Argued About 'Considerable Time' Reference
Oct 09 03:34 GMT
The FOMC minutes for the September meeting unveiled little news about the centr...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 0.9475
The greenback has remained confined within near term established range and further sideways trading is in store, however, last we... - Oct 20 15:44 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.6030
The British pound has continued to move higher after brief pullback, suggesting the rise from last week's low of 1.5875 is still ... - Oct 20 15:38 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day fall to 1.2731, current recovery has retained our view that further choppy trading within recent established ra... - Oct 20 15:29 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 106.40
As the greenback has retreated after meeting resistance at 107.39, suggesting minor consolidation below this level would be seen ... - Oct 20 15:26 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest just above 1.2600 level ... - Oct 20 10:03 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback met renewed selling interest at 107.50 and dropped ... - Oct 20 09:32 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did rebound to 1.6227 (just missed our target a... - Oct 14 08:11 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7980
Although the single currency rallied to 0.8047 last week, the subsequent retreat after faltering below resistance at 0.8066 sugge... - Oct 20 14:31 GMT
Trade Idea: USD/CAD - Buy at 1.1100
Despite last week's rise to 1.1386, the subsequent retreat suggests consolidation would be seen and pullback to 1.1190-00 cannot ... - Oct 20 14:26 GMT
Trade Idea: EUR/JPY - Exit short entered at 136.90
Despite last week's resumption of decline to 134.14, the subsequent strong rebound suggest low has possibly been formed there and... - Oct 20 08:52 GMT
Trade Idea: AUD/USD - Sell at 0.8835
As aussie rebounded after holding above this month's low at 0.8643, suggesting further consolidation would be seen and recovery t... - Oct 20 08:45 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback slipped again last week to as low as 105.20, t... - Oct 20 11:09 GMT
EUR/USD Elliott Wave Analysis
The single currency found good support just above 1.2600-05 level and... - Oct 20 11:01 GMT
GBP/USD Elliott Wave Analysis
Despite recovering to 1.6227 last week, as the British pound met rene... - Oct 14 10:46 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 21 06:50 GMT

Action Bias

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

Fundamental Analysis Reports

Big Week For The Aussie
Oct 21 06:31 GMT, by Blackwell Global
There is plenty of data out for the Australian dollar this week and we are likely to see the volatility ramp up. A dovish RBA could come head to head with positive Chinese data and put pressure on th...
The S&P 500 Looks To Recover
Oct 21 06:30 GMT, by Blackwell Global
The S&P 500 is the one to watch as of late, as earnings season comes about and the markets become very bullish. Markets were led in part strongly by Apple today, which saw a boost to its earnings...
EUR/USD: ECB Commences Purchasing Covered Bonds
Oct 21 06:10 GMT, by GCI Financial
The pair is expected to find support at 1.2749, and a fall through could take it to the next support level of 1.2696. The pair is expected to find its first resistance at 1.2836, and a rise through c...
GBP/USD: Pound Extends Its Gains In The Asian Session
Oct 21 06:09 GMT, by GCI Financial
The pair is expected to find support at 1.6103, and a fall through could take it to the next support level of 1.6042. The pair is expected to find its first resistance at 1.6203, and a rise through c...
AUD/USD: Interest Rates To Remain Low, Indicated The RBA
Oct 21 06:08 GMT, by GCI Financial
The pair is expected to find support at 0.8761, and a fall through could take it to the next support level of 0.8721. The pair is expected to find its first resistance at 0.8829, and a rise through c...
USD/JPY: Japan's Economy Continues To Recover Moderately, Indicated The BoJ Report
Oct 21 06:01 GMT, by GCI Financial
The pair is expected to find support at 106.50, and a fall through could take it to the next support level of 106.25. The pair is expected to find its first resistance at 107.21, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Oct 21 06:17 GMT, by Varengold Bank
Last Friday the Dow Jones Index of shares climbed 0.1 percent and the Standard & Poor's Index rose 0.9 percent. Investors pushed out expectations for the Federal Reserve to raise interest rates a...
Foreign Exchange Market Commentary
Oct 21 05:37 GMT, by HY Markets
THE EURO closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signall...
Daily Technical Analysis
Oct 21 05:26 GMT, by FX Instructor
The EURUSD had a bullish momentum yesterday topped at 1.2815. The bias is bullish in nearest term testing 1.2900 before testing 1.3000 psychological level. Immediate support is seen around 1.2770. A ...
Market Morning Briefing
Oct 21 03:39 GMT, by Kshitij Consultancy Services
Euro (1.2804) is rangebound within 1.27-1.29 for the last few sessions but the lack of downward momentum even after the failure to break above 1.29 gives birth to the possibility of extending this co...
USDJPY - Hesitates Ahead Of The 107.52 Level
Oct 21 02:40 GMT, by FXTechstrategy
USDJPY - Trouble is now looming ahead of the 107.52 level as USDJPY is now facing bear threat. If it closes lower on a negative candle, it would have ended its recovery and turned risk lower. On the ...
AUDUSD Levels To Watch Ahead Of The RBA And China GDP
Oct 21 02:39 GMT, by Forex.com
It's going to be a big day for the Australian dollar as investors digest the RBA's latest meeting minutes and Chinese GDP numbers. The former is expected to show that the RBA remains firmly in wait-a...
All Daily Technical Reports >>

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Central Bank Analysis
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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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