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May 27 03:31 GMT

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Mid-Day Report: Dollar Resumes Up Trend Against Yen
May 26 14:08 GMT, by ActionForex.com
Dollar surges broadly today and stays firm in early US session. Technically, USD/JPY's strong break of 122.01 resistance confirmed up trend resumption. Meanwhile, AUD/USD also took out 0.7784 support which indicates near term reversal. Released from US, durable goods orders dropped -0.5% in April versus expectation of -0.4%. Nonetheless, ex-transp...

Technical Outlook

AUD/USD Mid-Day Outlook
AUD/USD's break of 0.7784 support confirms that the corrective rebound from 0.7532 has completed at 0.8161 already. Int... - May 26 14:36 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside at this point. As noted before, Rebound from 1.0461 could have complet... - May 26 14:23 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. In case of deeper pull back, we'd expect strong support from 1... - May 26 14:21 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the upside for the moment. Recent development suggests that down trend from 1.0127 ... - May 26 14:18 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 >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9415
As the greenback has maintained a firm undertone after intra-day rise to 0.9520, adding credence to our view that recent upmove f... - May 26 15:36 GMT
Trade Idea Wrap-up: GBP/USD - Hold long entered at 1.5355
Although cable fell again after meeting renewed selling interest at 1.5508, loss of near term downward momentum should limit down... - May 26 15:33 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.0990
The single currency has remained under pressure and bearishness remains for the decline from 1.1467 top to extend further weaknes... - May 26 15:27 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 122.20
The greenback has continued to move higher after breaking previous resistance at 122.03 (now support), confirming our view that m... - May 26 15:24 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although cable rebounded initially last week to 1.5700 (we recommended to ... - May 26 08:57 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback only eased to 0.9287 (we recommended to buy at 0.9250) befor... - May 26 08:24 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency only recovered to 1.1424 (we recommended in our previo... - May 25 09:43 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7165
As the single currency has remained under pressure after meeting renewed selling interest at 0.7163 late last week, retaining our... - May 26 14:26 GMT
Trade Idea: USD/CAD - Buy at 1.2360
As the greenback has surged again today, confirming our view that low has been formed at 1.1920 (as wave c and probably entire wa... - May 26 14:23 GMT
Trade Idea: EUR/JPY - Buy at 133.50
Despite intra-day initial fall to 133.10, as the single currency found support there and has rebounded again, suggesting consolid... - May 26 09:28 GMT
Trade Idea: AUD/USD - Sell at 0.7930 or buy at 0.7730
As aussie has remained under pressure, adding credence to our view that top has been formed at 0.8163 (wave A top) and mild downs... - May 26 09:22 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound rebounded initially last week (we recommen... - May 26 09:48 GMT
GBP/CHF Elliott Wave Analysis
As the British pound has maintained a firm undertone after staging a ... - May 26 09:40 GMT
USD/JPY Elliott Wave Analysis
Dollar jumped last week and broke above resistance at 120.85, adding ... - May 25 11:05 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 27 03:25 GMT

Action Bias

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

USD/CAD: Loonie Falls Before Bank Of Canada Rate Call
May 27 01:38 GMT, by MarketPulse
The USD/CAD pair rocketed above its tight trading range on Tuesday. The Memorial Day holiday stateside yesterday ensured trading was thin and it kept the USD/CAD restricted to a narrow range of 1.227...
Asian Session Morning: USD And The Data Depended On
May 27 01:16 GMT, by Vantage FX
US Durable Goods Orders beat expectations to the upside overnight, pushing the USDX back inside it's previously broken trend line and on target for new highs again. The Durable Goods print came in wi...
US Consumer Confidence Improved Unexpectedly in May; Existing Home Prices Rose in March and New Home Sales Jumped in April
May 26 16:03 GMT, by RBC Financial Group
The Conference Board’s measure of US consumer confidence unexpectedly edged up 1.1 points to 95.4 in May following a revised 7.1 point drop to a four-month low of 94.3 in April (previously reported a...
US New Orders for Durable Goods Fell in April; Ex-Transport Orders Rise
May 26 16:01 GMT, by RBC Financial Group
US new orders for factory durable goods fell 0.5% in April, matching market expectations following March's 5.1% gain (previously reported as +4.7%) and a 3.5% decline in February. April's decline par...
Dollar In Vogue Trading Dominates
May 26 11:18 GMT, by MarketPulse
This morning after a long-three day weekend, market participants jump straight back into the fray to find the U.S dollar has built strongly on the gains seen after last Friday's upside U.S CPI surpri...
US Open – Surveys Eyed For Signs Of Turnaround
May 26 10:39 GMT, by MarketPulse
US futures are pointing lower ahead of the first trading day of this shortened week, as a negative lead from Europe and surprisingly hawkish stance from Fed Chair Janet Yellen weighs on risk appetite...
All Daily Fundamental Reports >>

Technical Analysis Reports

Australia 200 – Makes Another Reach For Key 5800 Level
May 27 01:37 GMT, by MarketPulse
In the last couple of weeks the ASX200 index has moved back and forth around the key 5650 level, but in doing so has temporarily halted the medium term down trend it was in from 6000. It has been abl...
AUD/USD – Drops To One Month Low Above 0.77
May 27 01:35 GMT, by MarketPulse
For almost the last week the Australian dollar has continued to decline and has recently reached a one month low just above 0.77, To start this week it was consolidating just below the key 0.7850 lev...
USDJPY - Bullish, Extends Strength
May 27 01:32 GMT, by FXTechstrategy
USDJPY - With the pair bullish and extending it during Tuesday trading session, it now faces a possible hold above its key resistance turned support at 122.02 level. However, you should keep an eye o...
GBPUSD: Fed Speaks, Market Listens
May 27 01:28 GMT, by Forex.com
Dollar bulls are back in the saddle again on the first full trading day of this holiday shortened week as speeches from important Federal Reserve members has sparked a bit of USD love. Harkening back...
EURUSD: Traders Sell First And Ask Questions Later
May 27 01:22 GMT, by Forex.com
Last week, we discussed 3 technical reasons that EURUSD support at 1.1050 support could give way, but even we were caught off guard by the ferocity of the selloff over the last week. The world's most...
Gold On Shaky Footing As Dollar Surges
May 27 01:20 GMT, by Forex.com
Gold has been absolutely battered today. It has already shed some $20 from its opening price and as we go to press it is still hovering near the day's lows. The considerably stronger dollar is chiefl...
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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