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Daily Report: Aussie Lower as RBA Signaled Further Rate Cut
Apr 21 04:36 GMT, by ActionForex.com
Aussie weakens against dollar in Asian session as RBA minutes signaled further rate cut. Policymakers acknowledged that the responsiveness of borrowers and savers to changes in interest rates and asset prices was unusually uncertain in a world of very low interest rates and high household leverage . The outlook of the economy remained soft. whils...

Technical Outlook

AUD/USD Daily Outlook
AUD/USD's recovery was limited at 0.7841 and weakened from there. It's bounded in range of 0.7532/7937 and intraday bia... - Apr 21 04:37 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains on the upside for the moment. A near term bottom should be in place at 1.4565. Stronge... - Apr 20 13:54 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF stays neutral first. The correction pattern from 1.0127 will possibly extend with another fall... - Apr 20 13:52 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the downside for 118.32 support. Break will extend the fall from 122.01 and target ... - Apr 20 13:49 GMT

Special Reports

BOC Less Dovish About Inflation
Apr 16 05:54 GMT
The BOC left its target for the overnight rate unchanged at 0.75% for the 3rd c...
ECB: QE Remains in Progress until Sustained Adjustment of Inflation Seen
Apr 16 05:53 GMT
The ECB left the policy rates unchanged in April and reaffirmed that the asset ...
China's GDP Grew +7% in First Quarter, Aggressive Easing Needed to Meet Full Year Target
Apr 15 05:02 GMT
The latest series of data reaffirms that the growth momentum in China has deter...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Dollar's intra-day rebound to 0.9599 has retained our view that further consolidation above Friday's low at 0.9494 would be seen ... - Apr 20 15:46 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
As the British pound has slipped again after meeting renewed selling interest at 1.4984 earlier today, retaining our view that co... - Apr 20 15:43 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.0685
Euro's retreat after faltering below resistance at 1.0849 (Friday's high) has retained our view that further consolidation below ... - Apr 20 15:39 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 118.80
As the greenback has rebounded after intra-day brief fall to 118.53 and broke above indicated resistance at 119.26, suggesting a ... - Apr 20 15:36 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Despite last week's initial fall to 1.0520, the subsequent stronger-than-e... - Apr 20 09:52 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Despite last week's initial rise to 120.85, the subsequent retreat has def... - Apr 20 09:40 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
Although the single currency resumed recent decline to 126.09 earlier this... - Apr 17 08:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7135
Despite recovering to 0.7235, as the single currency has retreated again, retaining our view that the decline from 0.7385 is stil... - Apr 20 14:05 GMT
Trade Idea: USD/CAD - Sell at 1.2325
Although the greenback rebounded after falling to 1.2088 on Friday and consolidation above this level is in store, reckon upside ... - Apr 20 14:03 GMT
Trade Idea: EUR/JPY - Hold long entered at 127.70
As the single currency has retreated after intra-day initial brief rise to 128.79, suggesting consolidation would be seen, howeve... - Apr 20 09:29 GMT
Trade Idea: AUD/USD - Buy at 0.7730
As aussie has retreated after faltering below Friday's high of 0.7843, suggesting consolidation below this level would be seen an... - Apr 20 09:24 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Despite last week's initial brief rise to 120.85, the subsequent stro... - Apr 20 10:18 GMT
EUR/USD Elliott Wave Analysis
Although the single currency fell initially to 1.0520 last week, as e... - Apr 20 10:10 GMT
EUR/JPY Elliott Wave Analysis
Despite falling to 126.09 earlier this week, lack of follow through s... - Apr 17 10:02 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 21 02:55 GMT

Action Bias

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

Fundamental Analysis Reports

RBA Minutes Show Household Rate Response Is Uncertain
Apr 21 03:47 GMT, by MarketPulse
Australia's central bank said households' response to easy monetary policy was 'unusually uncertain” and it saw an advantage in waiting for more economic data before deciding on further rate reductio...
Stevens Is Very Bearish On The Aussie
Apr 21 02:47 GMT, by Forex.com
RBA governor Stevens has once again reiterated his bearish stance on the Australian dollar, leading to another sell-off in the volatile currency. Speaking in New York overnight, the governor stated t...
EM Rundown: The 'Fed's-On-Hold Hootenanny'
Apr 21 02:43 GMT, by Forex.com
It's no secret that the value of emerging market currencies is heavily driven by global liquidity, in particular in countries with large current account deficits that depend on external financing. Pa...
Morning View: RBA's Stevens In New York. What Was Said?
Apr 21 02:35 GMT, by Vantage FX
Overnight in New York City, RBA Governor Glenn Stevens delivered a speech called 'The World Economy and Australia' to an American Australian Association luncheon hosted by Goldman Sachs. 'The RBA has...
China's Cut Cheer Quashed By Grexit Concerns
Apr 20 12:21 GMT, by MarketPulse
For this week's global market economic events, investors will be watching Germany's April ZEW and Ifo surveys rather closely to get a better handle on business expectations from Europe's largest econ...
US Open - Earnings in Spotlight in Quiet Data Week
Apr 20 12:20 GMT, by MarketPulse
US indices are expected to pare Friday's heavy losses this morning, as the People's Bank of China's 100 basis point cut to the reserve requirement ratio offers support to the broader markets. The ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Apr 21 04:04 GMT, by HY Markets
THE EURO closed lower on Monday. The lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling...
Daily Technical Analysis
Apr 21 03:57 GMT, by FX Instructor
The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.0711. The bias is bearish in nearest term testing 1.0700 – 1.0670 and the lower line of the bullish channel but price is sti...
Market Morning Briefing
Apr 21 03:42 GMT, by Kshitij Consultancy Services
Euro (1.0726) came off sharply from channel resistances mentioned yesterday, see chart: http://www.kshitij.com/graphgallery/eurcandle.shtml#candle and may move towards immediate supports near 1.0715-...
AUD/USD – Relying Upon Support At 0.77 Again
Apr 21 03:38 GMT, by MarketPulse
To start this new week the Australian dollar has fallen sharply but landed on the previous key level at 0.77 which has offered considerable support. The Australian dollar enjoyed a solid week last we...
Australia 200 – Enjoys Support From 5800
Apr 21 03:34 GMT, by MarketPulse
The Australian 200 index is once again enjoying solid support from the 5800 level which is allowing time and space to rally and return to near the 6000 level. Throughout last week the Australian 200 ...
GBPUSD - Weakens, Vulnerable Below Key Resistance
Apr 21 02:59 GMT, by FXTechstrategy
GBPUSD - With GBP seen weak and vulnerable on the back of its rejection candle print on Friday, more decline cannot ruled out. On the downside, support lies at the 1.4850 level where a break if seen ...
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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