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Oct 23 10:06 GMT

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European Session: Orders and Options Watch
Oct 23 09:32 GMT, by ActionForex.com
EUR: The single currency recovered after intra-day fall to 1.2614, offers at 1.2650-60 were filled but sell orders are still noted at 1.2680-85, 1.2700 and 1.2725-30, more selling interest is expected at 1.2740-50, 1.2770 and 1.2785-90, mixture of offers and stops is located at 1.2800. On the downside, bids are now seen at 1.2630-35, 1.2620 and 1....

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium ter... - Oct 23 09:52 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Prior break of 135.50 support was taken as an indication of me... - Oct 23 09:50 GMT
EUR/GBP Daily Outlook
No change in EUR/GBP's outlook. Intraday bias remains neutral for the moment and some more consolidations could be seen... - Oct 23 09:49 GMT
EUR/AUD Daily Outlook
The rebound from 1.3792 might have completed at 1.4704. Focus remains on 1.4313 support. break will confirm near term r... - Oct 23 09:47 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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9470
Despite intra-day rise to 0.9559, as dollar has retreated after faltering below previous resistance at 0.9563, suggesting consoli... - Oct 23 09:43 GMT
Trade Idea Update: GBP/USD - Sell at 1.6070
As the British pound has fallen again after faltering below the Kijun-Sen, suggesting the decline from 1.6184 is still in progres... - Oct 23 09:41 GMT
Trade Idea Update: EUR/USD - Sell at 1.2725
Euro's intra-day breach of support at 1.2625 suggests early rebound from 1.2501 low has ended at 1.2887 and bearishness remains f... - Oct 23 09:37 GMT
Trade Idea Update: USD/JPY - Buy at 106.80
As the greenback has risen again after brief pullback to the Kijun-Sen, adding credence to our view that recent decline has ended... - Oct 23 09:36 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP - Candlesticks and Ichimoku Analysis
Although euro's stronger-than-expected rebound to 0.8047 (this month's hig... - Oct 23 09:28 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
Euro's retreat after meeting renewed selling interest at 1.2140 has retain... - Oct 23 09:15 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has recovered after early selloff to 0.7709 and further cons... - Oct 22 09:45 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 135.95
Although the single currency fell briefly to 135.21 earlier today, as euro found renewed buying interest there and has rebounded ... - Oct 23 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Aussie has remained locked within recent established range and although initial recovery to 0.8835-45 cannot be ruled out, reckon... - Oct 23 08:45 GMT
Trade Idea: EUR/GBP - Sell at 0.7970
As the single currency has remained under pressure after retreating sharply from last week's high of 0.8047, retaining our view t... - Oct 22 15:18 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has slipped again after intra-day brief bounce to 1.1294, retaining our view that further consolidation below 1.... - Oct 22 15:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Although euro's rebound from 1.4012 turned out to be stronger-than-ex... - Oct 22 11:01 GMT
AUD/USD Elliott Wave Analysis
Aussie has remained confined within near term range and further conso... - Oct 22 10:50 GMT
GBP/USD Elliott Wave Analysis
Although the British pound slipped again to as low as 1.5875 last wee... - Oct 21 10:59 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 23 10:00 GMT

Action Bias

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

Fundamental Analysis Reports

European Market Update: Better German And Eurozone PMI Manufacturing Data Aids Risk Appetite In Session
Oct 23 09:56 GMT, by Trade The News
EUR/USD managed to overcome initial losses and off 2-week lows in the session aided by beats in the German and Euro Zone PMI Manufacturing data. Hoever, most traders stilll believed the outlook for t...
Daily Report: The Cable Takes A Dive
Oct 23 09:29 GMT, by ForexTime
The majority of focus on Wednesday surrounded the Bank of England (BoE) Minutes release, where a more dovish than expected Monetary Policy Committee (MPC) sent the Cable tumbling by close to 100 pips...
USD Broadly In Demand, NZD Hit Hard By CPI
Oct 23 09:20 GMT, by Swissquote Bank SA
The USD is broadly in demand after the Ottawa attack yesterday, the DXY index advances to 1-week high. Released yesterday, the US September CPI has been marginally better than the market estimates. B...
China: Surprisingly Resilient In Light Of Substantial Slowdown In Investments
Oct 23 09:19 GMT, by Danske Bank
In China the flash estimate for the HSBC/Markit manufacturing PMI in October improved to 50.4 (consensus: 50.2, DBM: 49.9) from a final reading of 50.2 in September. The details were a bit weak with ...
US Dollar Strengthens Across The Board
Oct 23 09:16 GMT, by Easy Forex
The euro (EUR) continues the downside and reached its weekly low at 1.2632 against the US dollar (USD) The single currency slid as the US CPI came out better than expected yesterday. Looking ahead th...
Daily FX Analysis
Oct 23 09:15 GMT, by Investica
There was further speculation that the ECB would engage in further bond-buying measures which tended to sap overall yield support. Council member Nowotny stated that no decision had been made on poss...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Oct 23 09:59 GMT, by DeltaStock Inc.
Current rebound above 1.2612 low aims to correct yesterday's slide from 1.2740, before next drowning towards 1.2570. Initial minor intraday resistance lies at 1.2680, followed by the key area at 1.27...
Technical Analysis for Major Currencies
Oct 23 09:47 GMT, by ICN.com
The pair dropped yesterday and is trading below a previous bottom at 1.2661. Trading below the referred to level is negative and could trigger a new attempt to the downside towards 113% corerction at...
Technical Analysis for Crosses
Oct 23 09:47 GMT, by ICN.com
The pair is still fluctuating around 172.00 and is stable above it supporting extending the upside move today, targeting 173.65 then 175.00. A break below 172.00 pushes the pair towards 169.70 - 169....
Today's Market Outlook
Oct 23 09:33 GMT, by Windsor Brokers Ltd
The Euro resumes reversal and establishes fresh direction lower after breaking below near-term congestion. The second consecutive close in red, confirms near-term bears are back to play, as extension...
USD Index Elliott Wave Analysis: Bullish Reversal
Oct 23 09:30 GMT, by Elliott Wave Financial Service
USD Index is moving higher, now threatening the 86.10 swing after recent rally out of a downward channel. We assume that market already accomplished a corrective retracement in wave 4 and that curren...
The Daily Wave Analysis
Oct 23 07:46 GMT, by Admiral Markets
The EURUSD break of the support trend lines (greens) could indicate a completion of wave 4 (orange) at the most recent top. In most cases however, wave 4’s take longer to compete in terms of time, wh...
All Daily Technical Reports >>

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Central Bank Analysis
Economic Data Reviews
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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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