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Dec 18 13:26 GMT

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Daily Report: Equities Rebounded on FOMC, Dollar Higher
Dec 18 02:55 GMT, by ActionForex.com
US equities were lifted overnight as Fed sounded optimistic on the economy yet maintained the pledge to be patient on raising interest rates. DJIA rebounded and gained 288 pts, or 1.69%, to close at 17356.87. S&P 500 rose 40.15 pts, or 2.04% to close at 2012.89. Asian markets followed with Nikkei trading up over 400 pts, or 2.3% at the time of...

Technical Outlook

EUR/CHF Daily Outlook
EUR/CHF jumps sharply today as SNB surprised the markets by introducing -0.25% negative rate. While the rebound is stro... - Dec 18 07:39 GMT
GBP/JPY Daily Outlook
No change in GBP/JPY's outlook. While correction from 189.70 might extend, we'd continue to expect strong support from ... - Dec 18 07:34 GMT
EUR/JPY Daily Outlook
With 148.23 minor resistance intact, the corrections from 149.76 short term top is expected to continue lower. At this ... - Dec 18 07:32 GMT
EUR/GBP Daily Outlook
Near term outlook remains neutral for the moment. On the one hand, the cross is close to 0.7740/55 key support zone, wh... - Dec 18 07:22 GMT

Special Reports

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...
RBA Minutes Downplayed Rate Cut Expectations
Dec 16 07:42 GMT
The RBA minutes for the December meeting offered little news. Policymakers warn...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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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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Last Updated: Dec 18 13:20 GMT

Action Bias

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

EURCHF: after the SNB, What Next?
Dec 18 13:11 GMT, by Forex.com
In a surprise move, on Thursday the SNB announced that it was cutting interest rates into negative territory. The SNB's 3-month libor target rate (basically, the interest rate) was cut to -0.25% from...
Gold Posts Modest Gains, Shrugs off Fed Statement
Dec 18 13:08 GMT, by MarketPulse
Gold is showing little movement on Thursday, as the pair continues to trade close to the $1200 line. In the European session, the spot price stands at $1205.12. Later in the day, the US will release ...
EUR/USD - Euro Sinks as Yellen Hints at Rate Hike in Mid-2015
Dec 18 13:08 GMT, by MarketPulse
EUR/USD is steady on Thursday, following the euro's sharp losses following the Federal Reserve statement on Wednesday. In the European session, the pair is trading slightly above the 1.23 line. On th...
Cable Makes a Re-Entry to 1.56
Dec 18 12:24 GMT, by ForexTime
There was always an upside chance for Sterling bulls to receive a boost from Thursday's UK retail sales, and a boost they received. After commencing the European session agonizingly close to its curr...
Swiss National Bank Pulls Out The Rate Weapon
Dec 18 11:13 GMT, by Swissquote Bank SA
In a surprise action, the Swiss National Bank pulled the interest rate on sight deposits to -0.25% and reiterated its commitment to defend the 1.20 floor on EUR/CHF. The target CHF libor has been wid...
European Market Update: SNB Moves To Negative Rates Putting Pressure On ECB To Act On QE
Dec 18 10:30 GMT, by Trade The News
The CHF currency was weaker after SNB introduced negative interest rates. The USD/CHF tested near 0.9850 (highest level in 26 months) while EUR/CHF approached the 1.21 area. The SNB move was seen to ...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Wave Analysis
Dec 18 11:00 GMT, by Admiral Markets
The EURUSD's strong fall yesterday could indicate the reemergence of the downtrend but at the moment the most likely wave count is still a wave X (blue) as an expansion of the bigger wave 4 (green) c...
EUR/USD Plunges To Reach Weekly S1
Dec 18 10:52 GMT, by Dukascopy Swiss FX Group
On Wednesday, the EUR/USD experienced notable changes during the trading session, especially following hawkish news from the Fed on future interest rates. The currency pair momentarily dropped down t...
GBP/USD Hovers Around This Year's Low
Dec 18 10:51 GMT, by Dukascopy Swiss FX Group
GBP/USD has plummeted below the weekly S1 at 1.5586 and is hovering around this year's lows. Moreover, the risk of the pair falling even lower is increasing, despite the daily and monthly technicals ...
USD/JPY Climbs Closer To 119
Dec 18 10:50 GMT, by Dukascopy Swiss FX Group
On Tuesday, the price of Gold was very volatile. During some points of time the bullion managed to climb even above the weekly pivot point, which is located at $1,215. However, fundamental factors pu...
Gold Trading Just Below $1,200
Dec 18 10:45 GMT, by Dukascopy Swiss FX Group
On Tuesday, the price of Gold was very volatile. During some points of time the bullion managed to climb even above the weekly pivot point, which is located at $1,215. However, fundamental factors pu...
Technical Analysis for Major Currencies
Dec 18 10:25 GMT, by ICN.com
The pair dropped sharply following the Federal Reserve meeting and Janet Yellen's statements yesterday, where the pair broke 1.2360 and stabilized below it and is trading again within the descending ...
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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