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May 24 10:27 GMT

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European Session: Orders and Options Watch
May 24 07:48 GMT, by ActionForex.com
JPY: Although the greenback dropped quite sharply in Tokyo on renewed risk aversion, decent demand emerged just above 101.00 and has limited dollar's downside so far. At the moment, indicated offers remain lined up at 102.00-10, 102.40-60 region and also at 102.75, more sell orders are tipped further out at 103.00 and in very good size at 103.50-6...

Technical Outlook

GBP/JPY Daily Outlook
GBP/JPY continues to consolidate below 156.77 short term top and intraday bias is neural for more sideway trading. Anot... - May 24 09:10 GMT
EUR/JPY Daily Outlook
EUR/JPY continues to consolidate below 133.80 short term top and intraday bias is neutral for more sideway trading. Dee... - May 24 09:07 GMT
EUR/AUD Daily Outlook
EUR/AUD's rally is still in progress and reaches as high as 1.3422 so far today. Further rise is expected to 100% proje... - May 24 09:03 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains mildly on the upside for 0.8363 resistance. Break will indicate that whole correction ... - May 24 09:01 GMT

Special Reports

Bernanke's Testimony And FOMC Minutes Intensified Speculations For QE Tapering
May 23 04:12 GMT
Speculations over Fed's tapering of QE heightened after Chairman Bernanke's tes...
Three Out of Nine BOE Members Proposed to Expand the Size of Asset Purchases
May 22 13:29 GMT
The BOE minutes unveiled that all 9 MPC members voted for keeping the Bank rate...
RBA Minutes Signaled Rate Cut Was Needed To Boost Growth
May 21 04:59 GMT
The RBA released minutes for the May monetary policy meeting, explaining the ra...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Sell at 0.9760
Dollar's recovery after yesterday's selloff to 0.9634 suggests minor consolidation would be seen and above 0.9715-20 would bring ... - May 24 09:53 GMT
Trade Idea Update: GBP/USD - Sell at 1.5180
Despite yesterday's initial fall to 1.5014, the subsequent rebound suggests consolidation above this level would be seen and near... - May 24 09:51 GMT
Trade Idea Update: EUR/USD - Hold short entered at 1.2975
As the single currency has staged a strong rise after the release of better-than-expected German IFO data, suggesting caution on ... - May 24 09:48 GMT
Trade Idea Update: USD/JPY - Stand aside
Despite intra-day initial fall to 101.08, as the greenback then rebounded after holding above figure, suggesting further choppy t... - May 24 09:42 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Despite this week's rise to 133.82, the subsequent retreat suggests minor ... - May 24 05:55 GMT
USD/CAD Candlesticks and Ichimoku Analysis
Despite early fall to 1.0014, the subsequent rally and the break of resist... - May 24 04:49 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Despite falling to 0.8420 late last week, the single currency found good s... - May 23 10:18 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Although the single currency has rebounded after finding support at 129.95, as the sharp retreat from 133.82 to 129.95 suggests a... - May 24 08:23 GMT
Trade Idea: AUD/USD – Turn long at 0.9625
Although aussie has retreated after meeting resistance at 0.9778, if our view that a temporary low is possibly formed at 0.9593 i... - May 24 07:57 GMT
Trade Idea: EUR/GBP - Buy at 0.8520
Although yesterday's rally to 0.8590 suggests low has possibly been formed at 0.8398 earlier last month and consolidation with up... - May 23 14:50 GMT
Trade Idea: USD/CAD - Buy at 1.0260
Although the greenback has retreated after rising to 1.0393 earlier today and minor consolidation below this level would be seen,... - May 23 14:45 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency retreated quite sharply after rising to ... - May 24 08:58 GMT
USD/CHF Elliott Wave Analysis
Despite rising to 0.9839 earlier this week, current retreat suggests ... - May 24 08:48 GMT
EUR/GBP Elliott Wave Analysis
Despite last week's fall to 0.8420, as the single currency found good... - May 23 11:26 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 24 11:20 GMT

Action Bias

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

Fundamental Analysis Reports

The Day After - Markets Recover From Yesterday's Aggressive Risk Sell-Off
May 24 10:03 GMT, by Swissquote Bank SA
Liquidation of risky asset became a complete purge by yesterday mid European session with no stock markets unscathed. If there was any doubt that the downside would be limited to Asia, -2.93% fall in...
Better-Than-Expected Uptick In German Business Confidence In May
May 24 09:00 GMT, by ICN.com
Business confidence in Europe's largest economy unexpectedly improved in May, as German executives and manufacturers see brighter prospects for the second quarter of this year after national output g...
European Shares Pounce After Selloff, German IFO Sentiment Improves Strongly
May 24 09:00 GMT, by ICN.com
European shares kick started Friday's trading session higher, bouncing off its biggest one-day fall in nearly a month, buoyed by German IFO confidence data while talks that central bank liquidity wil...
FX Markets Stable
May 24 08:43 GMT, by Swissquote Bank SA
FX markets remain nervous after yesterday's extensive FX and stock market volatility. Asset market price action over the past two days have principally echoed sudden changes in the possibility of Fed...
Dollar Taking A Breather After Bernanke
May 24 08:17 GMT, by KBC Bank
On Thursday, the dollar came off the highs set after Bernanke's appearance before Congress. EUR/USD showed resilient despite overall market nervousness. USD/JPY is off the recent highs, hit by the se...
Morning Forex Fundamental
May 24 08:08 GMT, by Dukascopy Swiss FX Group
The downturn across the 17-nation economy eased slightly this month, however a dearth of new orders is raising concerns that the economy is likely to contract again. According to London-based Markit ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
May 24 10:06 GMT, by DeltaStock Inc.
Current slide after 1.2955 peak is only an inner part of the consolidation pattern above 1.2798 and the intraday outlook is positive again, for 1.3020, with a key support at 1.2896.
USD/JPY Ceases Downtrend Above 101 For Now
May 24 09:36 GMT, by ZIFX.com
On Thursday Dollar/Yen decreased significantly with 175 pips. The currency couple depreciated from 103.58 to 100.81 yesterday, matching the negative money flow sentiment at under -16%, closing the da...
Technical Analysis for Major Currencies
May 24 09:04 GMT, by ICN.com
The pair stabled again above the upside support level again and is trading above Linear Regression Indicator 34 forcing us to think that the downside move became weaker. An upside move is likely afte...
AUDUSD - Further Declines Envisaged
May 24 08:45 GMT, by FXTechstrategy
AUDUSD - With AUDUSD seen reversing its recovery attempts on Thursday, there is risk of further downside. Support comes in at the 0.9592 level where a break will target the 0.9500 level. Other suppor...
Morning Forex Technical
May 24 08:12 GMT, by Dukascopy Swiss FX Group
Recent decline triggered by speculation that Fed Chairman Ben Bernanke will cut bond-buying programme failed, as he said that it might be too dangerous to tighten monetary easing during current recov...
Foreign Exchange Market Commentary
May 24 08:06 GMT, by HY Markets
The EURO closed higher due to short covering on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are tur...
All Daily Technical Reports >>

Analysis Report Search

Central Bank Analysis
Economic Data Reviews
Technical Analysis

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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