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Oct 22 04:46 GMT

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Daily Report: Focus on BoE Minutes and BoC Rate Decision
Oct 22 03:51 GMT, by ActionForex.com
Risk markets staged further rebound overnight as DJIA gained 215.14pts, or 1.31% to close at 16614.81. S&P 500 also rose 37.27 pts or 1.96% to close at 1941.28. Asian equities followed with Nikkei up over 250 pts and reclaimed 15000 handle again at the time of writing. Meanwhile, treasury yields registered some gains, 30 year yield is still he...

Technical Outlook

EUR/USD Daily Outlook
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1... - Oct 22 04:09 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. As long as 1.6226 resistance holds, further fall is still expe... - Oct 22 04:05 GMT
USD/CHF Daily Outlook
No change in USD/CHF's outlook. We'd still expect strong support from from 0.9300/9395 support zone to complete the cor... - Oct 22 03:59 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains neutral at this point. Deeper fall cannot be ruled out yet as correction from 110.08 m... - Oct 22 03:56 GMT

Special Reports

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...
RBA Reiterated A Period Of Stable Interest Rates
Oct 21 07:33 GMT
The RBA minutes for the October sent little surprise and the message was largel...
Fed's Beige Book Described US Growth As 'Modest to Moderate'
Oct 16 05:38 GMT
The Beige Book prepared by the Minneapolis Fed, covering the period before Octo...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9480
The greenback has rebounded after holding above minor support at 0.9396, retaining our view that further consolidation would be s... - Oct 21 15:42 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.6060 or sell at 1.6220
Although cable has retreated after intra-day rise to 1.6184 and consolidation below this level is seen with mild downside bias fo... - Oct 21 15:34 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day initial rebound to 1.2840, as the single currency has retreated after faltering below indicated resistance at 1... - Oct 21 15:28 GMT
Trade Idea Wrap-up: USD/JPY - Hold long entered at 106.40
The greenback found support at 106.25 and has rebounded, retaining our bullishness and consolidation with upside bias is seen for... - Oct 21 15:23 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound fell again and hit a low of 1.5875 last week, t... - Oct 21 09:43 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback slipped last week to as low as 0.9360, as the pair ... - Oct 21 09:38 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest just above 1.2600 level ... - Oct 20 10:03 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7980
As the single currency has retreated sharply after rising to 0.8047 last week, suggesting the a leg of the correction from 0.7766... - Oct 21 14:55 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has retreated after rising to 1.1366 last week, retaining our view that consolidation below this level would be ... - Oct 21 14:49 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency has retreated again after faltering below yesterday's high of 137.01 and consolidation would be seen... - Oct 21 09:35 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Although aussie edged higher after rebounding from 0.8686 and near term upside risk remains for marginal gain, as outlook is stil... - Oct 21 09:30 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound slipped again to as low as 1.5875 last wee... - Oct 21 10:59 GMT
GBP/CHF Elliott Wave Analysis
The British pound only recovered to 1.5470 before falling sharply in ... - Oct 21 10:54 GMT
USD/JPY Elliott Wave Analysis
Although the greenback slipped again last week to as low as 105.20, t... - Oct 20 11:09 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 22 04:40 GMT

Action Bias

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

Fundamental Analysis Reports

Softer Inflation Gives The RBA Room To Maintain Loose Policy
Oct 22 03:47 GMT, by Forex.com
A drop in inflation in Australia has provided the Reserve Bank of Australia with more room to leave interest rates at lows levels for an extended period of time. Consumer prices rose 0.5% q/q last qu...
GBP/USD – Limited Movement As US Housing Data Shines
Oct 22 03:02 GMT, by MarketPulse
The pound is showing little movement on Tuesday, as GBP/USD trades in the mid-1.61 range. On the release front, UK Public Sector deficit increased in September. In the US, Existing Home Sales came in...
North American Wrap: What Downtrend?
Oct 22 02:32 GMT, by Forex.com
North American markets were all in a tizzy last week as it seemed everything was crashing down around us simultaneously. Ebola was scary, ISIL was belligerent, Oil was bottoming out, and US data was ...
Did Last Week Mark The Near-Term Panic Low In The DJIA?
Oct 22 02:31 GMT, by Forex.com
According to Web MD, some of the symptoms of panic attacks include 'a racing heart, a sense of terror, and feeling unreal or detached from your surroundings' among others. While not nearly as serious...
Stocks Rip Higher Again On The Back Of More Rumours Of Monetary Easing, Aussie Fails
Oct 22 02:20 GMT, by Vantage FX
As readers know my sense is that the key to the recovery has been the changed perceptions about growth and interest rates. Fed Chair Yellen allowed a leak to say she still though growth was going to ...
USD/CAD - Canadian Dollar Strengthens, US Housing Data Jumps
Oct 21 14:34 GMT, by MarketPulse
The Canadian dollar has posted gains on Tuesday, as USD/CAD trades in the low-1.12 range in the North American session. On the release front, it’s a very quiet day, with no Canadian events on t...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Oct 22 03:41 GMT, by Kshitij Consultancy Services
Euro (1.2726) is testing the lower end of the short term range of 1.27-1.29 on the back of ECB bond-buying rumors but the possibility of extending this corrective bounce to 1.2950-1.30 levels still s...
Gold, Bullish But Don't Chase From Here
Oct 22 03:11 GMT, by Foreign Exchange Analytics
The market has indeed continued to rally from that Oct 6th spike low at $1183, the long discussed downside target/area to form important low over the last number of months (base of that long discusse...
AUD/USD - Remains Below Resistance At 0.88
Oct 22 03:06 GMT, by MarketPulse
During the last few weeks the Australian dollar has done well to stop the bleeding and trade within a wide range roughly between 0.8650 and 0.88. Prior to that it had experienced a sharp decline thro...
Australia 200 – Within Reach Of Key 5400 Level
Oct 22 03:04 GMT, by MarketPulse
Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading rang...
AUDUSD - Faces Consolidation Risk
Oct 22 02:35 GMT, by FXTechstrategy
AUDUSD - We continue to maintain our consolidation view on the pair as it faces price hesitation. It remains trapped in a range. On the upside, resistance resides at the 0.8840 level where a breach w...
USD/CHF: Approaching Confluence
Oct 22 02:28 GMT, by Forex.com
Markets are in a bit of a better mood this morning as virtually all of the major equity indexes around the world either closed in the green or are currently levitating healthily in that area with the...
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...
All Long Term Forecasts >>
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