Oct 23 09:21 GMT


Forex Expos

Action Insight

Daily Report: Kiwi Knocked Down by Weak CPI
Oct 23 01:13 GMT, by
New Zealand dollar was knocked down in Asian session sharply by weaker than expected inflation data. CPI rose 0.3% qoq in Q3 while the annual rate slowed to 1.0% yoy, missing expectation of 1.3% yoy and compared with expectation of 1.6% yoy. That's also lower than RBNZ's expectation of 1.3% and could prolong the central bank's pause in the tighten...

Technical Outlook

USD/CAD Daily Outlook
USD/CAD's consolidation from 1.1385 is still in progress and intraday bias remains neutral. Again, near term outlook st... - Oct 23 01:45 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral as consolidation from 0.8642 continues. In case of another recovery, we'd expe... - Oct 23 01:44 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral with focus on 1.2624 minor support. Break will indicate that the correction fr... - Oct 23 01:42 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. The consolidation from 1.5876 could extend. But in any case, a... - Oct 23 01:39 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

Action Insight Newsletter

Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9470
Despite intra-day rise to 0.9559, as dollar has retreated after faltering below previous resistance at 0.9563, suggesting consoli... - Oct 23 08:06 GMT
Trade Idea: GBP/USD - Stand aside
Cable's recovery after yesterday's fall to 1.6011 suggests top has been formed at 1.6184 earlier this week and near term downside... - Oct 23 07:59 GMT
Trade Idea: EUR/USD - Sell at 1.2725
Euro's intra-day breach of support at 1.2625 suggests early rebound from 1.2501 low has ended at 1.2887 and bearishness remains f... - Oct 23 07:55 GMT
Trade Idea: USD/JPY - Buy again at 106.40
Despite yesterday's anticipated rise to 107.38, the greenback needs to penetrate indicated resistance at 107.50 to retain bullish... - Oct 23 07:50 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/CHF - Candlesticks and Ichimoku Analysis
Euro's retreat after meeting renewed selling interest at 1.2140 has retain... - Oct 23 09:15 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has recovered after early selloff to 0.7709 and further cons... - Oct 22 09:45 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar continued to find good support above recent low at 0... - Oct 22 09:42 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 135.95
Although the single currency fell briefly to 135.21 earlier today, as euro found renewed buying interest there and has rebounded ... - Oct 23 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Aussie has remained locked within recent established range and although initial recovery to 0.8835-45 cannot be ruled out, reckon... - Oct 23 08:45 GMT
Trade Idea: EUR/GBP - Sell at 0.7970
As the single currency has remained under pressure after retreating sharply from last week's high of 0.8047, retaining our view t... - Oct 22 15:18 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has slipped again after intra-day brief bounce to 1.1294, retaining our view that further consolidation below 1.... - Oct 22 15:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Although euro's rebound from 1.4012 turned out to be stronger-than-ex... - Oct 22 11:01 GMT
AUD/USD Elliott Wave Analysis
Aussie has remained confined within near term range and further conso... - Oct 22 10:50 GMT
GBP/USD Elliott Wave Analysis
Although the British pound slipped again to as low as 1.5875 last wee... - Oct 21 10:59 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 23 09:15 GMT

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Fundamental Analysis Reports

US Dollar Strengthens Across The Board
Oct 23 09:16 GMT, by Easy Forex
The euro (EUR) continues the downside and reached its weekly low at 1.2632 against the US dollar (USD) The single currency slid as the US CPI came out better than expected yesterday. Looking ahead th...
Daily FX Analysis
Oct 23 09:15 GMT, by Investica
There was further speculation that the ECB would engage in further bond-buying measures which tended to sap overall yield support. Council member Nowotny stated that no decision had been made on poss...
Australia's Inflation Cools In Q3 To 2.3%, Giving Room To Hold Interest Rates
Oct 23 07:32 GMT, by Dukascopy Swiss FX Group
Consumer prices in Australia declined in the third quarter, with a corresponding inflation gauge falling back to a comfortable level in the middle of the Reserve Bank of Australia's 2-3% target range...
US Consumer Prices Rise Slightly In September
Oct 23 07:27 GMT, by Dukascopy Swiss FX Group
Consumer prices across the US rose more than expected on a monthly basis in September. However, with the inflationary pressure still remaining subdued, the Fed is unlikely to be in a hurry to raise i...
MPC Members Are Still Divided On Rate Hike, Become Gloomier On Economy
Oct 23 07:26 GMT, by Dukascopy Swiss FX Group
Minutes of the latest BoE's Monetary Policy Meeting showed that officials remained split on hiking interest rates, with the majority of policy makers voted against immediate rate lift, while two offi...
Canada's Retail Sales Decline In August
Oct 23 07:25 GMT, by Dukascopy Swiss FX Group
Retail sales in Canada fell for a second consecutive month in August, as gasoline prices dropped and new cars and food recorded weaker sales, according to Statistics Canada. Sales fell 0.3% to C$42.4...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Wave Analysis
Oct 23 07:46 GMT, by Admiral Markets
The EURUSD break of the support trend lines (greens) could indicate a completion of wave 4 (orange) at the most recent top. In most cases however, wave 4’s take longer to compete in terms of time, wh...
EUR/USD Penetrates Rising Support Line
Oct 23 07:20 GMT, by Dukascopy Swiss FX Group
As suspected, the Oct 6-15 up-trend was no longer a viable support and the bears pushed the price beneath it. Now EUR/USD is headed towards weekly S1 at 1.2619, but this level is unlikely to keep the...
GBP/USD Dives Back Under The Down-Trend
Oct 23 07:19 GMT, by Dukascopy Swiss FX Group
A step above the multi-month down-trend on Monday turned out to be a false break-out—the Pound is already trading below 1.61, which was supposed to act as a new floor. Accordingly, GBP/USD is now lik...
USD/JPY Takes Off From 106.50
Oct 23 07:17 GMT, by Dukascopy Swiss FX Group
The US Dollar maintains the upward direction after retreating to the support at 106.50 earlier this week. And since there are no significant resistances nearby and most of the studies on the weekly t...
USD/CHF Back On Track Towards 0.97
Oct 23 07:14 GMT, by Dukascopy Swiss FX Group
USD/CHF built on the gains made on Tuesday and thus reached the upward-sloping trend-line it has recently breached. Consequently, there may be a sell-off from 0.9571, but shallow, since the Greenback...
Daily FX Report
Oct 23 06:33 GMT, by Varengold Bank
Yesterday the Dow Jones Index of shares dropped 0.9 percent and the Standard & Poor’s Index fell 0.7 percent. On Wednesday data showed that applications for U.S. home mortgages increased last wee...
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...
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