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Apr 16 13:08 GMT

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Mid-Day Report: Sterling Soars as Unemployment Dropped to 6.9% in February
Apr 16 12:49 GMT, by ActionForex.com
Sterling jumped sharply today after release of much better than expected job data. Unemployment rate unexpectedly dropped to 6.9% in February versus consensus of being unchanged at 7.2%. That's the lowest number in five years since February 2009 and was also below BoE's threshold of 7%. Claimant count dropped slightly more than consensus of -30.4k...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR?USD stays neutral as the consolidation from 1.3905 temporary top continues. We'd holding on to the... - Apr 16 13:05 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral as consolidation from 0.8742 continues. Upside of the recovery is expected to ... - Apr 16 12:59 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains mildly on the upside as the recovery from 101.32 could extend higher to 55 days EMA (n... - Apr 16 12:56 GMT
GBP/USD Mid-Day Outlook
GBP/USD's strong rebound suggests that pull back from 1.6819 has completed at 1.6654 and intraday bias is cautiously on... - Apr 16 12:50 GMT

Special Reports

RBA Minutes Maintains Neutral Policy Stance
Apr 15 05:25 GMT
The RBA minutes for the April meeting echoed the neutral stance of policymakers...
Headline Chinese Trade Data Distorted by Over-Invoicing Last Year
Apr 10 12:17 GMT
Chinese trade data surprised to the downside as exports surprisingly contracted...
Fed Downplayed Rate Hike Possibility, Diverged On Interpretation of Employment Market Slacks
Apr 10 05:02 GMT
The FOMC minutes for the March meeting reinforced the Fed's dovish view over th...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Sell at 0.8845
Despite yesterday's retreat from 0.8819, reckon the Ichimoku cloud bottom (now at 0.8775) would limit downside and near term up... - Apr 16 10:50 GMT
Trade Idea Update: GBP/USD - Stand aside
Although cable's intra-day rally signals pullback from 1.6820 (last week's high) has ended at 1.6660 and retest of indicated st... - Apr 16 10:47 GMT
Trade Idea Update: EUR/USD - Buy at 1.3770
Although euro has rebounded again after finding support at 1.3790 yesterday and recovery to the upper Kumo (now at 1.3851) cann... - Apr 16 10:41 GMT
Trade Idea Update: USD/JPY - Hold long entered at 101.65
Although the greenback retreated yesterday to 101.50, dollar found renewed buying interest there and has staged a strong reboun... - Apr 16 10:38 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi did find renewed buying interest at 0.8514 earlier this mo... - Apr 16 07:20 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie extended recent upmove to 0.9461 last week, the quick re... - Apr 16 07:17 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did rally last week in line with our bullish ex... - Apr 15 06:21 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 142.20
Despite yesterday's brief fall to 140.23, as the single currency has rebounded after holding above support at 140.08, retaining... - Apr 16 09:01 GMT
Trade Idea: AUD/USD - Buy at 0.9260
Aussie's retreat from 0.9461 (last week's high) has retained our view that further consolidation below this level would be seen... - Apr 16 08:48 GMT
Trade Idea: EUR/GBP - Hold long entered at 0.8270
The single currency met renewed selling interest at 0.8283 today and has slipped again, suggesting caution on our bullishness and... - Apr 15 14:30 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0890
The greenback found renewed buying interest at 1.0942 yesterday and has risen again, retaining our near term bullishness for the ... - Apr 15 14:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Despite last week's rise to 0.9461, as aussie has retreated this we... - Apr 16 09:37 GMT
EUR/CAD Elliott Wave Analysis
As the single currency has rebounded after holding above psychologi... - Apr 16 09:30 GMT
GBP/USD Elliott Wave Analysis
Despite rising to 1.6820 last week, as the British pound has retreate... - Apr 15 08:58 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 16 13:00 GMT

Action Bias

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

EUR: Deflation Still A Non-Issue?
Apr 16 12:23 GMT, by MarketPulse
It's business as usual until the markets tell us otherwise. Ukraine remains in the background and has so far been unable to derail any euro economic objectives, but cracks are beginning to appear and...
European Shares Rise Ahead Of US Housing And Industrial Data
Apr 16 11:14 GMT, by ICN.com
European shares rose on Wednesday midday trading, rebounding from three-week low, ahead of the release of important U.S. data which is likely to give further clues about the health of the world’s big...
Pound Storms Higher To 2-Month High, UK Unemployment Dips Below BoE Target
Apr 16 10:47 GMT, by ICN.com
Pound has surged higher in Europe Wednesday following the release of positive employment market data, which is a massive beat for markets. Data showed the Bank of England's criteria for raising inter...
European Market Update: European Q1 Results Remain Mixed And Negatively Impacted By Currencies
Apr 16 09:59 GMT, by Trade The News
The GBP was firmer after the UK employment picture continued its improvement. UK ILO Unemployment Rate moved below the BOE 7.0% threshold (**Note back in Feb the central bank stated that it would loo...
UK Unemployment Below 7%, GBP Rallies
Apr 16 09:55 GMT, by Swissquote Bank SA
The UK 3-month average unemployment rate falls below BoE's former 7.0% threshold, the average earnings signal that improvement in life standards may have begun in the UK. The Cable is upbeat today, w...
European Stocks Gain Amid China Stimulus Bets
Apr 16 09:39 GMT, by ICN.com
European shares opened higgher in the European trade on Wedensday, after China's economic growth slightly beat forecast and prospects for additional stimulus boosted risk appetite. The earnings seaso...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD - On The Offensive, Closes In On The 1.6819/22 Levels
Apr 16 11:48 GMT, by FXTechstrategy
GBPUSD - With GBP recovering higher and threatening the 1.3819/22 levels, further strength is envisaged. The pair needs to decisively break and hold above here to trigger further bullish offensive to...
GOLD And USDCAD Intraday: Elliott Wave Analysis
Apr 16 09:58 GMT, by Elliott Wave Financial Service
USDCAD moved to a new swing high yesterday but bullish price was not there for long. Price moved slightly down in the last two sessions, also through the support line from 1.0855 so we think that mar...
Forex Technical Analysis
Apr 16 09:47 GMT, by DeltaStock Inc.
The recent low at 1.3788 was practically a test of the key support around 1.3780 and the outlook is already bullish, for a rise towards 1.3904, en route to 1.3960. Initial minor resistance lies at 1....
Dollar/Yen Up On Japan Pensions Fund Action
Apr 16 09:42 GMT, by ZIFX.com
On Tuesday Dollar/Yen traded within 50 pip range. The currency couple depreciated from 102.00 to 101.49 yesterday, matching the negative money flow sentiment at under -11%, closing the day at 101.89....
Today's Market Outlook
Apr 16 09:38 GMT, by Windsor Brokers Ltd
The Euro trades in a corrective mode off fresh low at 1.3789, where strong support, 50% retracement of 1.3671/1.3904 / broken bear-trendline off 1.3965 peak, contained reversal off 1.3965 for now. Co...
Technical Analysis for Major Currencies
Apr 16 09:31 GMT, by ICN.com
The European trading session started today with stability above the minor support 1.3800 after approaching yesterday the key support level represented in 38.2% correction, as stabilizing above the re...
All Daily Technical Reports >>

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Long Term Forecasts

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...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by MarketPulse
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
GBP/USD - 2013 In Review
Dec 26 02:30 GMT, by MarketPulse
The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous foreca...
EUR/USD - 2013 in Review
Dec 25 13:46 GMT, by MarketPulse
The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. ...
All Long Term Forecasts >>
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