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May 26 07:20 GMT

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Daily Report: Dollar Firm after Holiday Trading
May 26 04:12 GMT, by ActionForex.com
Dollar is back from holiday trading broadly firmer. The dollar index is trading above 96.60 at the time of writing and the technical development affirmed that recent pull back is finished. Further rise would likely be seen in the index back to 100.39 high. That would correspond to EUR/USD's testing of 1.0461 low. Nonetheless, the greenback will fa...

Technical Outlook

USD/CAD Daily Outlook
Intraday bias in USD/CAD remains on the upside for the moment. Current development suggests that corrective fall from 1... - May 26 04:36 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral with focus on 0.7784 support. Rebound 0.7532 is viewed as a correction. Break ... - May 26 04:33 GMT
EUR/USD Daily Outlook
EUR/USD's fall from 1.1466 continues today and reaches 1.0930 so far. Intraday bias remains on the downside for the mom... - May 26 04:30 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. In case of deeper pull back, we'd expect strong support from 1... - May 26 04:26 GMT

Special Reports

Fed Unveiled Rate Hike In June Unlikely
May 21 03:42 GMT
The FOMC minutes for the April meeting contained little news. Yet, the indicati...
BOE Minutes Warned Of Upside Risks In Housing Market
May 20 11:12 GMT
Delivering little surprise, the BOE minutes for the May showed that policymaker...
RBA Stays Open For Further Easing
May 19 06:37 GMT
RBA minutes for the May meeting unveiled that policymakers had consider reducin...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9370
As the greenback has remained firm after Friday's rally to 0.9457, retaining our bullish view that erratic rise from 0.9072 is st... - May 25 15:55 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5550
As cable has remained under pressure after Friday's selloff on dollar's broad-based rebound, adding credence to our view that ear... - May 25 15:50 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1085
The single currency has continued to trade defensively after Friday's selloff from 1.1208, adding credence to our bearish view th... - May 25 15:43 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 121.95
Although the greenback has retreated after rising to 121.78 earlier today and minor consolidation is in store, reckon the Ichimok... - May 25 15:39 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency only recovered to 1.1424 (we recommended in our previo... - May 25 09:43 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback finally broke recent range but on the upside as the pair ros... - May 25 09:14 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
Euro's retreat after rising to 136.96 earlier this week suggests consolida... - May 22 09:13 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7195
As the single currency has fallen again after meeting renewed selling interest at 0.7163 on Friday, retaining our view that corre... - May 25 14:30 GMT
Trade Idea: USD/CAD - Buy at 1.2180
As the greenback has maintained a firm undertone after Friday's rally above previous resistance at 1.2306, adding credence to our... - May 25 14:25 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency has dropped again after faltering below resistance at 135.35, dampening our bullishness and downside risk ... - May 25 10:29 GMT
Trade Idea: AUD/USD - Sell at 0.7930
Aussie has fallen again after meeting renewed selling interest at 0.7932 on Friday, adding credence to our bearishness for the de... - May 25 10:18 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Dollar jumped last week and broke above resistance at 120.85, adding ... - May 25 11:05 GMT
EUR/USD Elliott Wave Analysis
The single currency faltered below this month's high of 1.1467 and re... - May 25 10:50 GMT
EUR/JPY Elliott Wave Analysis
Although the single currency retreated after rising to 136.96 earlier... - May 22 10:45 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 26 07:15 GMT

Action Bias

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

Fundamental Analysis Reports

USD Rebounds As Fed Rate Hike Hopes Resurface
May 26 07:05 GMT, by KBC Bank
The dollar had a very strong run on Friday and this momentum continues as Fed speakers keep the door open for a Fed rate hike. A the same time, the euro is fighting an uphill battle as the outcome of...
Bears On Alert After The GBPUSD Closes Below 1.55
May 26 06:57 GMT, by ForexTime
After rallying last week following strong economic data, and thereby providing another reminder to investors that the UK economic outlook remains robust, the GBPUSD has suffered from a sudden sell-of...
Japan Is Overcoming Deflation, Kuroda Says
May 26 06:47 GMT, by Dukascopy Swiss FX Group
Bank of Japan Governor Haruhiko Kuroda said the Japanese economy is now overcoming deflation, offering a more upbeat outlook for the nation's economy. Thus, the BoJ saw no need of further easing meas...
New Zealand Trade Surplus Shrinks In April Amid Decline In Exports To China
May 26 06:45 GMT, by Dukascopy Swiss FX Group
New Zealand trade surplus shrank in April as whole milk powder exports to China fell. According to Statistics New Zealand, the trade surplus was $NZ123 million in the reported month, compared with $N...
ECB Slows Bond Purchases, Scandal Break Out After Delay In Publishing Of Coeuré's Speech
May 26 06:43 GMT, by Dukascopy Swiss FX Group
After announcing an acceleration of money printing to boost bond buying before liquidity dries up during Europe's summer vacation period in July and August, the European Central Bank slowed its weekl...
European Open – Greece And Spain Weigh On Futures
May 26 05:44 GMT, by MarketPulse
It's been a very slow start to the week in the financial markets with yesterday's bank holiday in much of Europe and the US severely weighing on trading volumes. Those markets that were open in Europ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
May 26 06:55 GMT, by Windsor Brokers Ltd
The downside remains pressured and the pair resumes lower, after completing yesterday’s 1.0957/1.1008 consolidation. Break and daily close below psychological 1.1000 handle and below daily Ichimoku c...
AUDUSD's Brief Respite Is Over
May 26 06:09 GMT, by Forex.com
It has been a very quiet afternoon in Asia due to a lack of market moving events and economic data. Things should begin to heat up tonight with the release of important US economic data. The deluge b...
AUDUSD: 78c A Pivotal Level For Bulls And Bears
May 26 05:46 GMT, by ThinkForex
Since the 0.8160 high price appears to be declining in an impulsive manner (clearly defined lower highs and lows with relatively shallow retracements). This favours another run down but, at time of w...
Daily FX Report
May 26 05:24 GMT, by Varengold Bank
The dollar hit a one-month high against a basket of major currencies on Monday in the wake of Friday's comments from Federal Reserve Chair Janet Yellen, who rekindled market expectations that the cen...
Foreign Exchange Market Commentary
May 26 04:08 GMT, by HY Markets
THE EURO closed lower on Monday. The midrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral...
Market Morning Briefing
May 26 03:51 GMT, by Kshitij Consultancy Services
The Euro (1.0950) has a crucial but possibly weak Support at 1.0920 today on the 55-day MA. Can see further loss towards 1.0860 if it is broken. The Pound (1.5453) trades below the 21-day MA support ...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
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...
All Long Term Forecasts >>
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