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Weekly Review and Outlook: BoJ Shocked Markets, Stocks Soared and Yen Dived
Nov 01 09:05 GMT, by ActionForex.com
BoJ shocked the financial markets by announcing additional easing last week and overwhelmed all other major events. Yen tumbled sharply against all major currencies and reached a s seven year low against dollar. That also pushed Nikkei soared to close at 16413.76, at a seven year high. Risk appetite was also give a strong boost globally as DJIA cl...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD dropped to as low as 1.2485 last week and the breach of 1.2500 support indicates resumption of fall from 1.3993... - Nov 01 08:12 GMT
USD/JPY Weekly Outlook
USD/JPY surged to as high as 112.47 last week and the strong break of 110.08 resistance confirmed up trend resumption. ... - Nov 01 08:05 GMT
GBP/USD Weekly Outlook
GBP/USD's recovery from 1.5876 should be completed at 1.6184 already. Initial bias is mildly on the downside this week ... - Nov 01 07:55 GMT
USD/CHF Weekly Outlook
USD/CHF's rebound suggests that pull back from 0.9688 has completed at 0.9359 already. Initial bias remains on the upsi... - Nov 01 07:51 GMT

Special Reports

BOC Revised Growth And Inflation Outlook Higher In October
Oct 23 05:31 GMT
The BOC left the overnight rate unchanged at 1% in October. Accordingly, the Ba...
British Pound Declined after Dovish BOE Minutes
Oct 22 13:08 GMT
The British pound slipped after the release of the BOE minutes for the October ...
Decelerated Chinese Growth Calls For More Easing
Oct 21 09:06 GMT
China's GDP growth exceeded market expectations in 3Q14 but the dataflow for Se...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9545
Although the greenback surged again to 0.9663 in NY morning, the subsequent retreat suggests consolidation would be seen and pull... - Oct 31 16:45 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.5900
Although cable has remained under pressure and near term downside risk remains for the fall from 1.6184 to extend weakness to 1.5... - Oct 31 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2630
Euro's intra-day breach of support at 1.2501 confirms recent decline has resumed and further weakness to 1.2470 would be seen, ho... - Oct 31 15:52 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 111.10
As the greenback has continued to surged after resuming medium term uptrend, bullishness remains for further gain to 112.50-60 wo... - Oct 31 15:47 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Current rally signals recent decline has formed a low at 134.14 earlier (w... - Oct 31 08:22 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the greenback has retreated after rising to 1.1386 earlier this month, ... - Oct 31 08:00 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under near term pressure after retreat... - Oct 30 09:44 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7800
As the single currency has fallen again after brief recovery, suggesting the decline from 0.8047 is still in progress and near te... - Oct 31 14:39 GMT
Trade Idea: USD/CAD - Buy at 1.1265
Current rally signals the wave iv correction from 1.1386 has ended at 1.1122 earlier this week and upside bias is seen for a rete... - Oct 31 14:35 GMT
Trade Idea: EUR/JPY - Buy at 139.00
As the single currency has rallied again on BOJ, confirming recent decline has ended at 134.14 and impulsive wave has commenced f... - Oct 31 09:43 GMT
Trade Idea: AUD/USD - Hold short entered at 0.8840
Although aussie has rebounded after falling to 0.8755 yesterday, reckon upside would be limited to 0.8855-60 and bring another de... - Oct 31 09:31 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has rallied after brief pullback, adding credence... - Oct 31 10:06 GMT
USD/CHF Elliott Wave Analysis
The greenback found renewed buying interest at 0.9442 and has rebound... - Oct 31 09:57 GMT
EUR/GBP Elliott Wave Analysis
As the retreat from 0.8047 has kept euro under pressure, suggesting i... - Oct 30 10:40 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 31 20:55 GMT

Action Bias

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

BoJ Eases Again Despite Positive Growth in Q3
Nov 01 03:24 GMT, by Wells Fargo Securities
Monthly economic data through September indicate that real GDP growth in Japan rebounded into positive territory in the third quarter following its tax-hike-induced swoon in Q2. The Japanese economy ...
Central Bank Roundup: The Aftermath of Policy Changes at the Fed, BoJ and RBNZ
Nov 01 03:18 GMT, by Forex.com
It was a busy week for central banks around the world, with monetary policy meetings in the US, NZ and Japan. This made for a very interesting end to the week for the FX markets as investors digested...
Weekly Economic and Financial Commentary
Nov 01 03:02 GMT, by Wells Fargo Securities
Despite recent volatility in financial markets and renewed concerns of disinflation, the FOMC announced an end to its purchases of mortgage-backed securities and Treasuries, or QE3, this week. In the...
The Weekly Bottom Line
Nov 01 02:46 GMT, by TD Bank Financial Group
The end has finally come for quantitative easing (QE), at least in America. After expanding its balance sheet by over $3.5 trillion, mainly through purchases of Treasuries and mortgage backed securit...
Weekly Focus: Riksbanken and Bank of Japan Surprised
Nov 01 02:42 GMT, by Danske Bank
The surprise Bank of Japan move gives support to risk assets. Pressure is rising on the ECB to follow but it will take time for it to act. The hawkish Fed and dovish Bank of Japan give new fuel...
Week in FX Americas - Loonie Bleeds On Growth Risks
Nov 01 02:39 GMT, by MarketPulse
It was too good to be true for the loonie. With commodities under pressure it has been somewhat of an aberration to see commodity and interest rate sensitive currencies like the AUD, NZD and CAD hold...
All Daily Fundamental Reports >>

Technical Analysis Reports

Nikkei Surges as BoJ Unexpectedly Expands QE
Oct 31 13:00 GMT, by Forex.com
One central bank ends QE, another increases it. This is not a trick but a treat for the markets. The global equity markets have surged higher after the Bank of Japan surprised the markets overnight b...
The Daily Wave Analysis
Oct 31 10:39 GMT, by Admiral Markets
The confirmation of the EURUSD starting its 5th wave (orange) is when price breaks below the bottom (green line).One of the most likely alternative wave counts (usually there are multiple options) co...
Forex Technical Analysis
Oct 31 10:33 GMT, by DeltaStock Inc.
The pattern above 1.2540 is corrective in nature, thus preceding a break through 1.2500 low, en route to 1.2380. Initial intraday resistance lies at 1.2600, followed by the 1.2632 high.
Today's Market Outlook
Oct 31 09:54 GMT, by Windsor Brokers Ltd
The Euro remains under pressure, with fresh weakness off 1.2630, yesterday’s recovery peak, hitting fresh 3 ½ week low, on a probe below yesterday’s 1.2545 low. Yesterday’s close below 1.2660, Nov 20...
Technical Analysis for Major Currencies
Oct 31 09:40 GMT, by ICN.com
The pair dropped again after touching around the resistance 1.2625 and is trading again below 1.2580. Trading below the referred to level 1.2580 extends the downside move today, while breaking 1.2485...
Technical Analysis for Crosses
Oct 31 09:40 GMT, by ICN.com
The pair rallied to the upside after confirming the Inverted Head and Shoulders Pattern showing above, and is attempting to breach the second target at 176.35 easing the way to extend the bullish bia...
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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