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May 25 07:18 GMT

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Weekly Review and Outlook: Dollar Comeback as Boosted by Core Inflation and Yellen's Comment
May 23 09:58 GMT, by ActionForex.com
Dollar staged a comeback last week as boosted by stronger than expected core inflation reading as well as Fed chair Janet Yellen's speech. The 0.3% mom rise in core CPI in May was the strongest gain since January 2013 and was seen as a sign that inflation is finally climbing back to Fed's target. Meanwhile, Yellen said in a speech on Friday that i...

Technical Outlook

GBP/USD Weekly Outlook
GBP/USD stayed in consolidation below 1.5814 last week and outlook is unchanged. Initial bias remains neutral this week... - May 23 10:06 GMT
EUR/USD Weekly Outlook
EUR/USD's fall last week and suggests that rebound from 1.0461 could have completed at 1.1466 already, well below. 38.2... - May 23 08:19 GMT
USD/JPY Weekly Outlook
USD/JPY's rise and break of 120.50 minor resistance aurges that the sideway pattern from 122.01 could have completed at... - May 23 08:10 GMT
USD/CHF Weekly Outlook
USD/CHF's rebound from 0.9072 extended higher last week. The developments argues that the down trend from 1.0127 might ... - May 23 08:07 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 0.9380
As the greenback has risen again after finding renewed buying interest at 0.9287, adding credence to our view that erratic rise f... - May 22 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5590
Cable's intra-day selloff on dollar's broad-based rebound and current break of indicated support at 1.5493 add credence to our vi... - May 22 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1115
The single currency ran into renewed selling interest at 1.1208 and tumbled in NY morning on release of higher-than-expected US i... - May 22 15:54 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 121.10
As the greenback has rallied after intra-day initial fall to 120.64 on dollar's broad-based rise, suggesting recent upmove is sti... - May 22 15:48 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Euro's retreat after rising to 136.96 earlier this week suggests consolida... - May 22 09:13 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
Although the greenback staged a strong rebound since early this week and n... - May 22 08:59 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Current break of previouos support at 0.7117 adds credence to our view tha... - May 21 09:15 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7230
As the single currency has remained under pressure after breaking indicated support at 0.7117-23, retaining our view that correct... - May 22 14:42 GMT
Trade Idea: USD/CAD - Buy at 1.2180
As the greenback has risen again after holding above support at 1.2169, suggesting the rise from 1.1920 low is still in progress ... - May 22 14:37 GMT
Trade Idea: EUR/JPY - Hold long entered at 134.50
As the single currency has rebounded after finding renewed buying interest at 134.43, retaining our view that low has possibly be... - May 22 10:16 GMT
Trade Idea: AUD/USD - Sell at 0.7985
Aussie's sharp retreat from 0.8163 (last week's high) adds credence to our view that top has possibly been formed there and conso... - May 22 10:05 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency retreated after rising to 136.96 earlier... - May 22 10:45 GMT
USD/CHF Elliott Wave Analysis
Although the greenback edged higher to 0.9406 earlier this week, as t... - May 22 10:34 GMT
EUR/GBP Elliott Wave Analysis
The single currency finally broke below previous support at 0.7117, a... - May 21 10:45 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 25 07:10 GMT

Action Bias

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

Canada's Inflation Slowest Since 2013 In April, Retail Sales Rise
May 25 07:14 GMT, by Dukascopy Swiss FX Group
A sharp decline in energy prices put heavy pressure on Canada's inflation in April, as cost of living fell to lowest level since October 2013. The consumer price index rose 0.8% in April from a year ...
BoE Send Secret Report On Brexit To The Guardian
May 25 07:07 GMT, by Dukascopy Swiss FX Group
The British economy is expected to close its output gap within next year, Mark Carney, Bank of England Governor said, adding that recent slowdown in inflation is due to a fall in food and energy pric...
US Consumer Inflation Continues To Slow, Fed To Hike Rates Later In The Year
May 25 07:06 GMT, by Dukascopy Swiss FX Group
US consumer prices slowed their growth in April amid weak gasoline prices, according to the Labor Department. Consumer price index climbed 0.1% last month after rising 0.2% in March. In the 12 months...
Germany Grows 0.3% In Q1, German Investors Remain Upbeat, Draghi Calls For Reforms
May 25 07:04 GMT, by Dukascopy Swiss FX Group
Europe's largest economy, Germany, grew by a quarterly rate 0.3% in the three months through March, down from 0.7% growth in the fourth quarter. Domestic demand supported Germany's economy in the fir...
Highlights Of The Week Ended May 23
May 25 06:39 GMT, by Dukascopy Swiss FX Group
The US economy's weakness in the beginning of the year persuaded most Fed policy makers that the economy would not show enough strength to justify hiking the benchmark interest rate in June. Yet, off...
NZDUSD: Is This The Right Time For Bulls To Enter?
May 25 06:20 GMT, by Forex.com
Thin market conditions and a lack of mark moving economic data and events have kept NZDUSD fairly closely pinned to 0.7300 in Asia. We’re expecting more of the same conditions tonight with market clo...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
May 25 06:26 GMT, by Windsor Brokers Ltd
Asian trading saw probe below psychological 1.10 support, as the pair’s near-term price action remains biased down. Friday closed in red, just above 1.10 handle that was seen as brief consolidation, ...
USDJPY Gathers Momentum Near 2007 Highs
May 25 06:14 GMT, by ThinkForex
USDJPY and USDCAD are two pairs I have been closely monitoring as a proxy for the end of the USD Correction. Both crosses have sent clear bullish signals lately, which makes me suspect we have seen a...
Foreign Exchange Market Commentary
May 25 06:00 GMT, by HY Markets
THE EURO closed lower on Friday as it extends last week's decline. The lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI...
Daily FX Report
May 25 05:14 GMT, by Varengold Bank
Greece cannot make debt repayments to the International Monetary Fund next month unless it manages to reach a deal with its lenders, its interior minister said on Sunday, in the most explicit remarks...
Daily Technical Analysis
May 25 04:06 GMT, by FX Instructor
The EURUSD had a significant bearish momentum last week broke below the bullish channel as you can see on my hourly chart below and hit 1.0964 earlier today. The bias is bearish in nearest term testi...
Market Morning Briefing
May 25 04:05 GMT, by Kshitij Consultancy Services
The Pound (1.5473) too has seen a sharp decline alongwith the Euro. It is testing its 21-day MA Support at current level now and looks less bearish than the Euro as the EUR-GBP (0.71) has fallen shar...
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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