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May 07 01:38 GMT

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US Session: Orders and Options Watch
May 06 15:00 GMT, by ActionForex.com
EUR: The single currency surged again today and offers at 1.1225-35, 1.1280, 1.1300, 1.1325-30 and 1.1360 were all filled, however, some offers are still noted at 1.1380-85 and 1.1400, selling interest is tipped further out at 1.1440-50. On the downside, bids are raised to 1.1290-00, 1.1250 and 1.1200-10 (stops below), buy orders are expected at 1...

Technical Outlook

GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. At this point, we're favoring the case that rebound from 1.456... - May 06 13:37 GMT
USD/CHF Mid-Day Outlook
USD/CHF's decline from 1.0127 is still in progress and reached mentioned target of 100% projection of 1.0127 to 0.9471 ... - May 06 13:35 GMT
USD/JPY Mid-Day Outlook
USD/JPY's recovery was limited at 120.50, below 120.83 resistance and retreated. Overall, the pair is possibly still bo... - May 06 13:28 GMT
EUR/USD Mid-Day Outlook
EUR/USD's retreat could have completed at 1.1065 and intraday bias on the upside for further rally. At this point, we'd... - May 06 13:26 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 Wrap-up: USD/CHF - Sell at 0.9250
Dollar's intra-day seloff to 0.9114 adds credence to our view that recent decline from 1.0129 top is still in progress and bearis... - May 06 16:25 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Cable's rebound after yesterday's marginal fall to 1.5089 suggests consolidation above this level would be seen and near term ups... - May 06 16:22 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1250
As the single currency has surged again after breaking last week's high at 1.1290, confirming our view that recent upmove has res... - May 06 16:17 GMT
Trade Idea Wrap-up: USD/JPY - Target met and stand aside
As the greenback fell again after faltering below the Kijun-Sen, justifying our bearish view that top has been formed at 120.51 a... - May 06 15:54 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 0.7335
As the single currency has rallied after finding renewed buying interest at 0.7315 yesterday, adding credence to our bullish coun... - May 06 15:25 GMT
Trade Idea: USD/CAD - Sell at 1.2050
The intra-day breach of previous support at 1.1945 (last week's low) confirms recent decline has resumed and the erratic decline ... - May 06 15:20 GMT
Trade Idea: EUR/JPY - Buy at 132.45
Although the single currency rebounded after finding support at 133.11 yesterday, break of last week's high of 135.29 is needed t... - May 06 09:51 GMT
Trade Idea: AUD/USD - Hold short entered at 0.7960
Aussie has staged a strong rebound after falling to 0.7788 yesterday, suggesting caution on our near term bearishness and 0.8000 ... - May 06 09:46 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie retreated after rising to 0.8076 last week, as 0.7788... - May 06 10:54 GMT
EUR/CAD Elliott Wave Analysis
Euro's rebound from 1.3025 turned out to be stronger than expected, s... - May 06 10:42 GMT
GBP/USD Elliott Wave Analysis
Although cable surged last week to as high as 1.5498, the subsequent ... - May 05 10:07 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 07 02:30 GMT

Action Bias

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

Fundamental Analysis Reports

GBP: Looking Back to May 6th 2010
May 06 16:01 GMT, by Forex.com
With less than 24 hours to go before the 2015 UK election gets under way, the UK markets are fairly sanguine. The FTSE 100 has stabilised around the 50-day sma and GBPUSD looks comfortable above 1.50...
Bund Yields Provide EUR the Support
May 06 11:55 GMT, by MarketPulse
Currently, there are a lot of moving parts in capital markets that are keeping investors on their toes. If it's not exploding sovereign bond yields or new yearly high crude prices, then it's the doll...
CAC: Stock Market Sentiment Remains Cagy Ahead Of US Data
May 06 11:38 GMT, by Forex.com
The European stock markets have recovered somewhat after Tuesday’s sharp sell-off. Sentiment has improved a little on the back of mostly better-than-expected European data but remains cautious due to...
Euro Data Is Positive, While NZ Economy Suffers Worse Than Expected Unemployment
May 06 10:33 GMT, by ForexTime
The European Services data has been very positive for struggling Eurozone nations, with Spain leading the way after achieving a number not seen since November 2006. A reading of 60.3 is extremely str...
Brazil's Industrial Production, Waiting For US ADP
May 06 10:12 GMT, by Swissquote Bank SA
The largest economy in Latin America experienced a sharp slowdown in the first quarter and is apparently not out of the woods yet, as suggested by the latest economic indicator. Despite a small impro...
European Market Update: Major European PMI Services Data Generally Improves In April, Bond Yield Volatility Endures
May 06 10:07 GMT, by Trade The News
European Bond yields saw volatility in session. Initially price action continued their recent trend higher in the session and this that aided the Euro currency. Euro tested above its 100-day moving a...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCHF: Break of .9200 Support Puts .9000 on the Table
May 06 14:01 GMT, by Forex.com
US dollar bulls took one on the chin this morning with the release of the April ADP Non-Farm employment report. While not as widely-watched as the Friday's marquee NFP report from the BLS, ADP's repo...
USDCHF Looks For Support Near 0.9200
May 06 11:44 GMT, by Elliott Wave Financial Service
USDCHF fell to a new low last week, beneath 0.9400 level and extended to 161.8% Fibonacci zone. We have seen a break out of a bearish triangle in wave B), so pair can be in final leg down of a big co...
Today's Market Outlook
May 06 10:18 GMT, by Windsor Brokers Ltd
The pair extends recovery rally from 1.1064, where correction off 1.1288 peak was contained by daily cloud top. Today’s acceleration above yesterday’s high at 1.1221, dented descending daily 100SMA t...
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...
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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