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Apr 23 10:44 GMT

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European Session: Orders and Options Watch
Apr 23 09:37 GMT, by ActionForex.com
EUR: Despite slipping initial after soft French data, the single currency jumped shortly after the release of eurozone PMI, offers at 1.3830-50 area together with stops above 1.3850 were tripped but sell orders in good size are still noted at 1.3870 and 1.3890-00 (more stops above figure), fresh offers are expected at 1.3920 and 1.3945-50. On the ...

Technical Outlook

EUR/USD Daily Outlook
No change in EUR/USD's outlook. Consolidation from 1.3905 is still in progress and intraday bias remains neutral. Above... - Apr 23 03:13 GMT
GBP/USD Daily Outlook
GBP/USD is staying in range below 1.6841 temporary top and intraday bias remains neutral. Near term outlook remains bul... - Apr 23 03:11 GMT
USD/CHF Daily Outlook
Consolidation pattern from 0.8698 is possibly still in progress. With 0.8777 minor support intact, further rise could b... - Apr 23 03:08 GMT
USD/JPY Daily Outlook
USD/JPY continues to lose upside momentum as rebound from 101.32 lost steam. With 102.02 minor support intact, further ... - Apr 23 03:05 GMT

Special Reports

BOE Remains Split On Economic Slack Despite Recovery
Apr 23 10:20 GMT
The BOE minutes for the April meeting unveiled that policymakers generally agre...
BOC Stands On The Sideline, Warned Of Risks Of Low Inflation
Apr 17 05:20 GMT
As widely anticipated, the BOC left the policy rate unchanged at 1%. Policymake...
RBA Minutes Maintains Neutral Policy Stance
Apr 15 05:25 GMT
The RBA minutes for the April meeting echoed the neutral stance of policymakers...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Sell at 0.8835
Despite yesterday's brief rise to 0.8862, as the greenback has retreated sharply today, suggesting top is possibly formed there... - Apr 23 10:24 GMT
Trade Idea Update: GBP/USD - Stand aside
Despite yesterday's rebound to 1.6839, as the British pound has retreated again after holding below last week's high of 1.6842,... - Apr 23 10:22 GMT
Trade Idea Update: EUR/USD - Buy at 1.3825
As the single currency continued to find good support around 1.3800 and has staged a strong rebound, suggesting low is possibly... - Apr 23 10:20 GMT
Trade Idea Update: USD/JPY - Sell at 102.40
As the greenback has slipped again after faltering below this week's high of 102.73, suggesting top is possibly formed and cons... - Apr 23 10:16 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound found renewed buying interest at 1.6660 last week and ha... - Apr 23 08:28 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.8778 late last week and h... - Apr 23 08:24 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency opened lower last week and a potential evening doji be... - Apr 22 09:42 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 142.20
The single currency edged higher again today, retaining our view that near term upside risk remains for the rebound from 140.08... - Apr 23 09:54 GMT
Trade Idea: AUD/USD - Buy at 0.9215
Aussie met renewed selling interest at 0.9378 yesterday and has dropped quite sharply today, retaining our view that temporary ... - Apr 23 09:50 GMT
Trade Idea: EUR/GBP - Stand aside
Although the single currency has fallen again after brief recovery and broke below support at 0.8215 (last week's low) and near t... - Apr 22 13:59 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0890
As last week's high of 1.1034 has continued to cap the pair's upside, suggesting further consolidation would be seen and pullback... - Apr 22 13:58 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Despite rising to 1.6820 last week, as the British pound has retrea... - Apr 23 10:07 GMT
GBP/JPY Elliott Wave Analysis
The British pound did find renewed buying interest at 169.50 as sug... - Apr 23 10:04 GMT
USD/JPY Elliott Wave Analysis
Although the greenback continued to edge higher after rebounding from... - Apr 22 10:18 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Apr 23 10:35 GMT

Action Bias

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

Fundamental Analysis Reports

UK's Modest Investment Recovery Still A Concern
Apr 23 10:31 GMT, by Swissquote Bank SA
The FX markets trade on economic data / news today. The softer-than-expected AUD inflation, the ongoing contraction in China, the lower budget deficit in UK and optimistic BoE minutes, mixed PMI read...
European Market Update: Markets Pick Up As EU Earnings Get Underway, PMI Data Mixed
Apr 23 10:26 GMT, by Trade The News
Dealers were hoping that the Eurozone PMI releases would help break the Euro out of its recent trading range. However, for the time being EUR/USD continued to remain locked in its recent 200 pip Apri...
Euro-Area PMI Surveys Help Euro, Pound Mixed
Apr 23 10:15 GMT, by ICN.com
Euro popped higher in Europe on Wednesday, boosted by better-than-expected PMI surveys, where service sector activity reached a 34-month high and factory sector activity rose to a 3-month high, bring...
Europe Mixed On PMI Data, Ukraine Turmoil Weighs
Apr 23 09:29 GMT, by ICN.com
European stocks swung between gains and losses early Wednesday, as traders weighed a string of PMI data from the euro area and China amid renewed tension in Eastern Ukraine. The markets sentiment was...
BOE Minutes: U.K. Recovery Strengthening, Inflation Pressures Subdued
Apr 23 09:13 GMT, by ICN.com
Bank of England Minutes for April's monetary decision showed that policymakers were unanimous to holding both interest rate at 0.50 percent and amount of asset purchases at 375 billion pounds. The mi...
Government Not Satisfied With RBA's Hawkish Bias
Apr 23 09:08 GMT, by Dukascopy Swiss FX Group
It was surprisingly how just after a couple of promising reports the Reserve Bank of Australia switched to a neutral or even slightly hawkish bias. Such a shift in the sentiment provided a strong boo...
All Daily Fundamental Reports >>

Technical Analysis Reports

Dollar/Yen Strength Ebbs On Steady Euro Zone PMIs
Apr 23 10:18 GMT, by ZIFX.com
On Tuesday Dollar/Yen traded within narrow 30 pip range. The currency couple depreciated from 102.73 to 102.40 yesterday, matching the negative money flow sentiment at nearly -10%, closing the day at...
Technical Analysis for Major Currencies
Apr 23 09:30 GMT, by ICN.com
The pair is trading weakly as the technical catalysts didn't change since yesterday, whereas the pair is stable above 38.2% correction at 1.3780 levels showing on graph. Stability above the referred ...
Technical Analysis for Crosses
Apr 23 09:30 GMT, by ICN.com
The pair is fluctuating around the resistance connecting the descending tops shown on graph and that resides at 172.60. The pair must breach this level to confirm the general uptrend that depends mai...
Daily FX Report
Apr 23 08:47 GMT, by Varengold Bank
Tonight, a report of the Chinese manufacturing showed that all previous efforts of the government to halter the further cooling of the economic growth remained restrained. Also the HSBC Purchasing Ma...
Today's Market Outlook
Apr 23 08:40 GMT, by Windsor Brokers Ltd
The single currency bounced after yesterday's attempt at near-term range floor left marginally lower low at 1.3784. Cracking important resistance at 1.3830, 21 Apr high / main bear-trendline off 1.39...
Cable Steady Ahead Of BoE Minutes
Apr 23 07:40 GMT, by ZIFX.com
On Tuesday Pound/Dollar increased with 40 pips. The Cable appreciated from 1.6783 to 1.6840 yesterday, in line with the positive money flow sentiment at around +16%, closing the day at 1.6789. Today ...
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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