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Apr 25 19:45 GMT

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Weekly Review and Outlook: Sterling Boosted by BoE as Focus Turns to GDP This Week
Apr 25 13:26 GMT, by ActionForex.com
Sterling ended the week as the strongest major currency as boosted by more hawkish than expected BoE minutes. The pound will face an important test from GDP next week. Euro followed in spite of continuous drama in Greece and ended up as the second strongest. But the technical outlook in respective pairs differ quite notably. Kiwi ended as the weak...

Technical Outlook

EUR/USD Weekly Outlook
The choppy recovery from 1.0520 extended higher last week. Overall outlook is unchanged as the consolidation pattern fr... - Apr 25 12:22 GMT
USD/JPY Weekly Outlook
USD/JPY continued to engage in established range last week. Overall, the pair is staying in sideway consolidation and a... - Apr 25 12:19 GMT
GBP/USD Weekly Outlook
GBP/USD's rebound from 1.4565 short term bottom extended higher last week. Initial bias stays on the upside for further... - Apr 25 12:16 GMT
USD/CHF Weekly Outlook
USD/CHF attempted to rebound again last week but was limited well below 0.9862 resistance. Initial bias stays neutral t... - Apr 25 12:12 GMT

Special Reports

China's Manufacturing Sector Contracted Further In April
Apr 24 06:30 GMT
Flash China Manufacturing PMI by HSBC fell to a 12-month low of 49.2 in April f...
SNB Added More Accounts To Negative Rates
Apr 23 05:44 GMT
The SNB announced that it would eliminate some groups of sight deposit account ...
BOE Sounded More Hawkish in April
Apr 22 11:31 GMT
British pound rose against US dollar and euro, after the BOE minutes unveiled t...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although dollar's retreat from 0.9719 has kept price under pressure and near term downside risk remains for weakness towards supp... - Apr 24 15:36 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.5065
Cable's rally after breaking previous resistance at 1.5080 confirms early rise from 1.4566 low has resumed and bullishness remain... - Apr 24 15:33 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.0750
As the single currency has maintained a firm undertone after intra-day rise to 1.0900, suggesting the erratic upmove from 1.0520 ... - Apr 24 15:27 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
The greenback has fallen again after intra-day brief bounce to 119.59, dampening our bullishness and suggesting the rebound from ... - Apr 24 15:18 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
As the single currency has continued to edge higher after rebounding from ... - Apr 24 08:19 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
The greenback only recovered to 1.2306 earlier this week before retreating... - Apr 24 08:08 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under pressure after meeting renewed s... - Apr 23 09:15 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7135
Although the single currency has retreated after intra-day bounce to 0.7212, as long as yesterday's low at 0.7117 holds, further ... - Apr 24 14:11 GMT
Trade Idea: USD/CAD - Sell at 1.2320
Although the greenback has retreated after meeting resistance at 1.2306, reckon support at 1.2088 (last week's low) would limit d... - Apr 24 14:08 GMT
Trade Idea: EUR/JPY - Buy again at 129.00
As the single currency has rallied again after finding renewed buying interest at 127.88 yesterday, adding credence to our view t... - Apr 24 08:37 GMT
Trade Idea: AUD/USD - Stand aside
As aussie has rebounded again after finding support at 0.7711 yesterday, suggesting another test of last week's high at 0.7843 wo... - Apr 24 08:28 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Euro's rebound after falling to 126.09 earlier this month has retaine... - Apr 24 09:30 GMT
USD/CHF Elliott Wave Analysis
As the greenback has retreated again after this week's brief bounce t... - Apr 24 09:17 GMT
EUR/GBP Elliott Wave Analysis
Although the single currency has fallen again after brief recovery to... - Apr 23 10:52 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 24 21:59 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE↑ UP- NE- NE
USDJPY↓ DN↓ DN- NE- NE
GBPUSD↑ UP↑ UP↑ UP- NE
USDCHF- NE↓ DN- NE- NE
USDCAD↑ UP- NE↓ DN- NE
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Fundamental Analysis Reports

Weekly Economic and Financial Commentary
Apr 25 04:04 GMT, by Wells Fargo Securities
On balance, economic data this week continued to reflect a soft Q1. Housing data were mixed, with existing home sales rising but new home sales pulling back in March. Durable goods orders bounced bac...
The Weekly Bottom Line
Apr 25 03:53 GMT, by TD Bank Financial Group
It was a quiet week on the U.S. economic calendar. International developments, including unrest in the Middle East and unease about a potential Greek default moved into the spotlight. Greece's pot...
The Changing Faces of Antipodean Currencies and Yield Seekers
Apr 25 03:48 GMT, by Forex.com
The possibility of a Greek default is at the forefront of investor sentiment, but there's also a lot happening in Asia. Last week, a slew of economic data and some well-aimed comments from central ba...
Weekly Focus: Riksbanken to Add Fuel to the Currency War
Apr 25 03:37 GMT, by Danske Bank
Euro surprises coming down, US surprises set to head higher. This would underpin a lower EUR/USD and higher US yields and give less cyclical tailwind to euro stocks versus US stocks. The Fed is...
US New Durable Goods Orders up 4.0% in March as Aircraft Orders Surged
Apr 24 14:26 GMT, by RBC Financial Group
US new orders for factory durable goods rose by a stronger than expected 4.0% in March 2015 (above expectations for a 0.6% gain); however, the increase was narrowly based and largely accounted for by...
Overcrowded U.S Dollar Trade Seeks Relief
Apr 24 11:58 GMT, by MarketPulse
It's easy come and quickly gone for the dollar bull this month. The mighty buck is closing out this week slumping to a new two-week low against the EUR (€1.0900), pressured by softer U.S data release...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD Up 600 Pips in Two Weeks - Time for a Pause or 1.53+ Next?
Apr 25 03:38 GMT, by Forex.com
GBPUSD is putting the finishing touches on a stellar week. After dipping to 1.4860 on Tuesday, the pair has been on an absolute tear, rising a full 300 pips to trade at 1.5155 as of writing. In fact,...
Crude: How Much Longer Will the Oil Rally Last?
Apr 24 12:00 GMT, by Forex.com
Although little-changed today, crude oil looks set to end the week strongly after both contracts were able to recover from their slump at the start of the week. Yesterday's price surge lifted Brent t...
Today's Market Outlook
Apr 24 09:09 GMT, by Windsor Brokers Ltd
The Euro regained traction and rallied from 1.0660 zone, where higher base was formed. Today's acceleration through strong barriers at 1.0847/51, 17 Apr high / daily Ichimoku cloud base, where initia...
EURUSD May Face Resistance Near By 1.0900
Apr 24 09:04 GMT, by Elliott Wave Financial Service
Traders are pushing the EURUSD pair higher today, durign the Eurogroup Meeting on positive expectations regarding the deal with a Greece. However, no one knows when the official statements will be ou...
EUR/USD's Bulls Find Momentum At Weekly PP
Apr 24 08:45 GMT, by Dukascopy Swiss FX Group
EUR/USD has eroded two important resistance lines on Thursday, by surging considerably above 1.08. As a result, it seems that strong bullish impetus was created by weekly PP at 1.0724, which allowed ...
GBP/USD Keeps Climbing Up
Apr 24 08:38 GMT, by Dukascopy Swiss FX Group
Yesterday, the Cable slightly underperformed, as it was unable to reach the initial resistance level. Moreover, downside volatility stretched out towards 1.4950, rather than 1.50. At the end of the d...
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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