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Weekly Review and Outlook: The Trends Continued. Dollar, Stocks, Yield Rose
May 18 13:11 GMT, by ActionForex.com
While there were some brief setback over the week, the trend in the financial markets were unchanged. Up trend in US equities continued with DOW making another record close at 15354.4 while S&P 500 also had another record lose at 1667.47. FTSE 100 made another five year high at 6723.06 while DAX also closed at another record high of 8389. Nikk...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD's fall from 1.3242 extended last week and reached as low as 1.2796. Initial bias remains on the downside this w... - May 18 10:59 GMT
USD/JPY Weekly Outlook
USD/JPY's rally extended to as high as 103.30 last week even though it lost some upside momentum. Initial bias remains ... - May 18 10:37 GMT
GBP/USD Weekly Outlook
GBP/USD has an intra-week recovery but fall from 1.5606 resumed again towards then end. Initial bias remains on the dow... - May 18 10:29 GMT
USD/CHF Weekly Outlook
USD/CHF's rally extended last week and regained momentum again toward the end. Mentioned 100% projection of 0.9021 to 0... - May 18 10:28 GMT

Special Reports

BOE Stands on the Sideline, Awaiting Carney
May 09 13:20 GMT
The BOE refrained from adding further stimulus at the May meeting, i.e. leaving...
RBA Cut Rate To Record Low
May 07 05:49 GMT
The RBA cut the cash rate by -25 bps to 2.75% in May citing that domestic growt...
ECB Cuts Policy Rate to 0.5%, Hints for Negative Deposit Rate
May 02 16:59 GMT
The ECB cut the main refinancing rate by -25 bps to 0.5% in May, in response to...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although current anticipated rally and the breach of this week's high of 0.9748 signal recent upmove has resumed and further gain... - May 17 15:35 GMT
Trade Idea Wrap-up: GBP/USD - Look to sell higher
Although cable has resumed recent decline after meeting resistance at 1.5323 yesterday, loss of downward momentum should prevent ... - May 17 15:29 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although the single currency has resumed recent decline after meeting resistance around the Kijun-Sen and near term downside risk... - May 17 15:22 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although current break of this week's high of 102.77 signals recent upmove has finally resumed and further gain towards 103.45-50... - May 17 15:18 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
This week's resumption of recent upmove to 132.78 adds credence to our bul... - May 17 10:00 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the rebound from 1.0014 turned out to be stronger than expected and the... - May 17 09:47 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Despite this week's brief bounce to 0.8516, as the single currency met ren... - May 16 09:40 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.8465
Euro's retreat after this week's brief rebound to 0.8516 suggests top is possibly formed there and consolidation with downside bi... - May 17 14:50 GMT
Trade Idea: USD/CAD - Target met and buy again at 1.0230
Current anticipated rally (our long position entered at 1.0100 met target at 1.0250 with 150 points profit) adds credence to our ... - May 17 14:47 GMT
Trade Idea: EUR/JPY - Buy at 130.45
Euro's near term sideways trading is likely to continue and as long as resistance at 132.78 (this week's high) holds, risk of ano... - May 17 09:16 GMT
Trade Idea: AUD/USD – Sell at 0.9880
As aussie has remained under pressure, suggesting recent decline is still in progress and weakness 0.9700 and possibly towards pr... - May 17 09:12 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has maintained a firm undertone this week after r... - May 17 11:05 GMT
USD/CHF Elliott Wave Analysis
The greenback surged as suggested in our previous update, adding cred... - May 17 10:57 GMT
EUR/GBP Elliott Wave Analysis
As the single currency has retreated after this week's brief bounce t... - May 16 10:45 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 17 21:59 GMT

Action Bias

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

Fundamental Analysis Reports

Weekly Economic and Financial Commentary
May 18 14:29 GMT, by Wells Fargo Securities
From the data released this week that covered a range of sectors, we had hoped to gain a clear idea of what lays ahead. However, we are left wondering just how these spring months will shape up. T...
The Weekly Bottom Line
May 18 06:05 GMT, by TD Bank Financial Group
This week was heavily laden with economic data releases, both on the domestic and international front. It presented a rather mixed bag of reports for markets to digest. International data comprised o...
FX Return Analysis
May 18 05:55 GMT, by Forex.com
The USD was the star performer last week, gaining against all of its G10 counterparts. The dollar index broke above 84.10 - a key resistance level - to the highest level since mid-2010. Interestingly...
Canadian Consumer Price Inflation Rate Clocked in at 0.4% in April
May 17 14:17 GMT, by RBC Financial Group
The unadjusted all-items Canadian CPI index fell 0.2% in April, bringing the annual inflation rate down to 0.4% from 1.0% in March. On a seasonally adjusted basis, consumer prices fell 0.4%. The Bank...
US Dollar Ends Another 9-Yr Down Cycle
May 17 13:48 GMT, by Ashraf Laidi
Recent rallies in Non-USD currencies resulting from poor US data have not lasted long. And those rallies resulting from strong US figures via the indirect effect of rallying equities (risk-on) have n...
Weekly Focus: Bank of Japan's Policy Easing - it Works!
May 17 13:37 GMT, by Danske Bank
Japanese kick-start of the economy has succeeded - GDP growth jumped in Q1 and the outlook for coming quarters remains strong. FOMC member is once again putting QE exit on the agenda, we expect ta...
All Daily Fundamental Reports >>

Technical Analysis Reports

NZDUSD Makes Fresh 2013 Lows While Testing Key Support at 0.8055/65
May 18 05:49 GMT, by Forex.com
The Kiwi has continued to decline over the past few days, largely following in the footsteps of the Aussie, and further downside could still be on the horizon. That said, this move may be attributed ...
USD/JPY Ends Week above 103 after Improved UM Consumer Sentiment Data
May 18 05:47 GMT, by FXTimes
Consolidation breakout: USD/JPY was consolidating this week between 102.75 and 101.83 with a prevailing bullish trend. The 5/17 US Friday session saw the pair push above 102.75 and close the week abo...
AUD/JPY Trades up from a Triangle Support
May 18 05:45 GMT, by FXTimes
Triangle: After a sharply early April rally to 105.40, AUD/JPY has made a sharp correction down to 98.70. Since then the market has been trading in a triangle, more or less symmetrical around the cen...
EUR/USD Breaks down Consolidation Support and a Rising Trendline
May 17 13:34 GMT, by FXTimes
Trendlines: First let's talk about the falling trendline that held after a relief rally retreated from 1.2930. The 5/16 session saw EUR/USD stuck in consolidation, but the 5/17 Friday US session saw ...
CAD/JPY Breaks Down Consolidation Range
May 17 13:10 GMT, by FXTimes
Breakdown: The loonie has been weak lately, as you can see in the USD/CAD. The JPY however has been weak as well, so CAD/JPY has been flat this week, in a consolidation range between 99.97 and about ...
USD/CAD Breaks a Falling Trendline to Attack the 2013 Highs
May 17 13:09 GMT, by FXTimes
Strong rally: The USD/CAD has extended sharply higher since we saw it broke above a triangle in the past week. It is accelerating now during the Friday session. Breakout, 2013-highs: Price action ...
All Daily Technical Reports >>

Analysis Report Search

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Long Term Forecasts

Is the U.K. Economy (Finally) Turning the Corner?
Apr 29 15:48 GMT, by Wells Fargo Securities
Recently released data show that real GDP in the United Kingdom grew 0.3 percent (1.2 percent at an...
Easy Money: Japan's Policy Gamble
Apr 13 04:00 GMT, by Wells Fargo Securities
This report focuses on Japan and considers the domestic implications of the bold fiscal and monetar...
A Bird's Eye View of the Global Economy
Mar 19 16:25 GMT, by TD Bank Financial Group
The global economy grew by an estimated 2.9% in 2012. The euro zone double dip recession, a softer ...
FX Top Trades 2013: How to Position for the Coming Year
Dec 05 14:55 GMT, by Danske Bank
For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2...
Implications for UK & Canada from the Appointment of Mark Carney as BoE Governor
Nov 27 11:51 GMT, by TD Bank Financial Group
Chancellor Osborne announced today that Mark Carney, currently the Governor of the Bank of Canada, ...
All Long Term Forecasts >>
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