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Dec 19 09:19 GMT

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Daily Report: Risk Appetite Returned and Dollar Firm
Dec 19 06:55 GMT, by ActionForex.com
US equities staged another day of strong rally overnight and the positive sentiments carried on in Asian session. DJIA jumped 421.28 pts, or 2.43% to close at 17578.15, and is having the 17991.18 record high back in sight. That's also the biggest daily gain since December 2011. Meanwhile, S&P 500 48.34 pts, or 2.4%, to close at 2061.23. The co...

Technical Outlook

GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.5540 will confirm resumption of wh... - Dec 19 07:45 GMT
USD/JPY Daily Outlook
Intraday bias is USD/JPY is mildly on the upside for recovery back to retest 121.84 high. But break of 121.84 is needed... - Dec 19 07:42 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for the moment. Prior break of 0.9817 resistance confirmed resumption of... - Dec 19 06:56 GMT
USD/JPY Mid-Day Outlook
Intraday bias is USD/JPY is mildly on the upside for recovery back to retest 121.84 high. But break of 121.84 is needed... - Dec 18 14:11 GMT

Special Reports

SNB Surprisingly Introduces Negative Rates To Defend EURCHF Floor
Dec 19 04:01 GMT
The SNB surprisingly announced to cut interest rate to -0.25% on sight deposit ...
Fed Replaced 'Considerable Time' Language With Patience In Normalization
Dec 18 04:04 GMT
Fed members removed the 'considerable time' language in the December FOMC state...
BOE: Sharp Fall In Oil Prices Supportive Of Economy. Benign Inflation Signaled Rate Hike Not The Time Yet
Dec 17 11:08 GMT
The BOE minutes for the December meeting showed that the members had detailed d...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day selloff to 0.9553, as the greenback found support there and has recovered, suggesting consolidation above this ... - Dec 16 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Cable's rally from 1.5602 turned out to be much stronger than expected and the intra-day breach of resistance at 1.5747-57 signal... - Dec 16 16:00 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has eased after intra-day rise to 1.2570, suggesting consolidation would be seen and pullback to the Kijun... - Dec 16 15:57 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has recovered after intra-day selloff to 115.57, suggesting minor consolidation would be seen and recovery to th... - Dec 16 15:54 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound rebounded after falling to fresh 2014 low of 1.... - Dec 16 06:38 GMT
USD/CHF Candlesticks and Ichimoku Analysis
As the greenback has retreated again after brief rise to 0.9818 early last... - Dec 16 06:21 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded after falling to 1.2247, as long as... - Dec 15 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite intra-day brief rise to 0.8007, lack of follow through buying and current retreat suggest an intra-day top has possibly b... - Dec 16 14:34 GMT
Trade Idea: USD/CAD - Buy at 1.1520
As the greenback has eased after rising to 1.1674, suggesting minor consolidation would be seen and pullback to 1.1550 cannot be ... - Dec 16 14:26 GMT
Trade Idea: EUR/JPY - Sell at 146.70
As euro's decline has gathered momentum, adding credence to our view that top has been formed at 149.79 (tentatively wave v peak)... - Dec 16 09:12 GMT
Trade Idea: AUD/USD - Stand aside
Although the Australian dollar has remained under pressure and near term downside risk remains for recent decline to extend margi... - Dec 16 09:01 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
As the British pound recovered after falling marginally to 1.5541 las... - Dec 16 08:18 GMT
USD/CHF Elliott Wave Analysis
Although the greenback rose marginally to 0.9818 last week, as dollar... - Dec 16 08:09 GMT
USD/JPY Elliott Wave Analysis
Although the greenback rose to as high as 121.85, the subsequent retr... - Dec 15 11:28 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Dec 19 09:10 GMT

Action Bias

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

Fundamental Analysis Reports

Renminbi Weakens To Levels Not Seen Since June
Dec 19 09:03 GMT, by ForexTime
The Renminbi weakened overnight against the US Dollar to 6.2295, a level not seen in the past six months, with ongoing concerns that China’s economy is continuing its downturn. The weakness in the Re...
New Zealand's Economy Grows More Than Expected In September Quarter
Dec 19 08:58 GMT, by Dukascopy Swiss FX Group
New Zealand's economy expanded at a faster than expected pace in the third quarter as low interest rates and record immigration boosted consumption, while primary-industry production rose to a 15-yea...
SNB Introduces Negative Deposit Rate To Stave Off Inflows
Dec 19 08:51 GMT, by Dukascopy Swiss FX Group
The Swiss National Bank slashed deposit rate, sending it to the negative territory, to limit inflows from investors seeking a safe haven place to park their cash. Policy makers in the Alpine nation i...
British Retail Sales Surge To 10-Year High On Black Friday Discounts
Dec 19 08:49 GMT, by Dukascopy Swiss FX Group
Britain's retail sales surged above estimates on month in November, while year-on-year sales rose at the fastest pace in 10 years as US-style Black Friday bolstered sales of electrical appliances and...
Jobless Claims Decline, Services PMI Falls
Dec 19 08:48 GMT, by Dukascopy Swiss FX Group
The number of Americans seeking first-time unemployment benefits declined last week and remained near the lowest level in 14 years, the latest sign of strengthening labour market. Jobless claims fell...
Business Morale Among German Executives Improves In December
Dec 19 08:46 GMT, by Dukascopy Swiss FX Group
Business morale among German top executives improved in December, reinforcing the view that Europe's number one economy is on course to pick up in the final quarter of the year after narrowly avoidin...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCHF Elliott Wave Analysis: Uptrend Continuation
Dec 19 09:05 GMT, by Elliott Wave Financial Service
USDCHF is already at the highs, now moving up in wave (5) as new count suggests a completed fourth wave at 0.9552. Current upward reaction is very strong so looks like that bullish momentum could lif...
Daily FX Report
Dec 19 07:36 GMT, by Varengold Bank
Fed Chair Janet Yellen said policy makers are likely to hold rates near zero at least through the first quarter even as the U.S. economy strengthens. The clarification of policy plans boosted equitie...
Foreign Exchange Market Commentary
Dec 19 04:22 GMT, by HY Markets
THE EURO closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signallin...
Daily Technical Analysis
Dec 19 04:09 GMT, by FX Instructor
The EURUSD continued its bearish momentum yesterday bottomed at 1.2264. The bias remains bearish in nearest term testing 1.2250 – 1.2200 area. Immediate resistance is seen around 1.2320. A clear brea...
Market Morning Briefing
Dec 19 03:35 GMT, by Kshitij Consultancy Services
SNB's negative official bank rates are the first such move by major central bank. SNB's Euro-peg has been supporting Euro by bidding it. With the bids, gone Euro plummeted. This move also highlights ...
AUD/USD – Runs Into Resistance At 0.82 Again
Dec 19 03:13 GMT, by MarketPulse
In the last 24 hours the Australian dollar has rallied strongly back up only to run into strong resistance at the 0.82 level, which is presently offering strong supply. The day before saw it fall eve...
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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