Nov 24 04:58 GMT


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Action Insight

Daily Report: Euro Lower as Markets Eye German Ifo
Nov 24 02:36 GMT, by
Euro opens the week lower against dollar as it's still feeling pressure from ECB president Mario Draghi's dovish comments on Friday. Draghi pledged to boost inflation back to 2% target as quickly as possible and hinted that he's open to additional easing. The common currency will look into German business confidence data today for direction. The I...

Technical Outlook

EUR/USD Daily Outlook
EUR/USD is staying above 1.2357 and intraday bias remains neutral for the moment. With 1.2613 resistance intact, deeper... - Nov 24 03:27 GMT
GBP/USD Daily Outlook
With 1.5789 resistance intact, deeper decline is still expected in the pair. Current fall from 1.7190 should target 100... - Nov 24 03:25 GMT
USD/CHF Daily Outlook
USD/CHF is staying below 0.9741 and intraday bias remains neutral for the moment. The consolidation from 0.9741 might s... - Nov 24 03:23 GMT
USD/JPY Daily Outlook
As noted before, USD/JPY is close to 120 key cluster level around 120. That includes 161.8% projection of 101.08 to 110... - Nov 24 03:20 GMT

Special Reports

Fed Sees Inflation Target within Reach, Impacts of Overseas Slowdown Limited
Nov 20 06:06 GMT
The FOMC minutes for the October meeting suggested that policymakers remained c...
BOE Minutes Showed Splits among Those Favored Keeping Rates Unchanged
Nov 19 13:04 GMT
The BOE minutes for the November meeting showed that the members voted 7-2 to k...
RBA Raised Concerns Over Housing Markets, Both At Home And In China
Nov 18 05:16 GMT
The RBA minutes for the November meeting contained few surprises. Policymakers ...
All Special Reports >>

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Action Insight Newsletter

Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9620
As the greenback has staged a strong rebound after the dovish comments from ECB's Draghi, suggesting the correction from 0.9742 t... - Nov 21 15:50 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite yesterday's rebound to 1.5737, lack of follow through buying on break of previous resistance at 1.5736 and current euro-l... - Nov 21 15:42 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2480
Current selloff below indicated level at 1.2500 on dovish comments from ECB's Draghi suggests correction from recent low of 1.235... - Nov 21 15:40 GMT
Trade Idea Wrap-up: USD/JPY - Exit long entered at 117.50
Failure to extend intra-day rebound from 117.36 and current cross-inspired retreat after meeting resistance at 118.12 dampened ou... - Nov 21 15:37 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency finally retreated after rising to 149.14 yesterday and... - Nov 21 09:36 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The greenback traded in relatively narrow range after retreating from rece... - Nov 21 09:04 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency staged the anticipated rebound to 0.8039, our long pos... - Nov 20 09:46 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7940
Current sharp fall after ECB has dampened our bullishness and 0.7900 needs to hold to retain prospect of another rebound, above 0... - Nov 21 14:20 GMT
Trade Idea: USD/CAD - Stand aside
The greenback met renewed selling interest at 1.1369 yesterday and dropped below indicated support at 1.1254-59 (61.8% Fibonacci ... - Nov 21 14:15 GMT
Trade Idea: EUR/JPY - Stand aside
Despite yesterday's rise to 149.14, the subsequent retreat suggest the wave v as well as larger degree wave iii has possibly ende... - Nov 21 08:49 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie fell to 0.8566 yesterday, as the pair has rebounded after holding above indicated support at 0.8541, suggesting c... - Nov 21 08:39 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has finally retreated after rising to 149.14 yest... - Nov 21 11:12 GMT
USD/CHF Elliott Wave Analysis
Despite retreating to 0.9531, as the greenback found renewed buying i... - Nov 21 11:02 GMT
EUR/GBP Elliott Wave Analysis
The single currency found good support at 0.7799 and has staged the a... - Nov 20 10:10 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Nov 24 04:50 GMT

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Fundamental Analysis Reports

The PBoC's Decision To Use Its Big Guns Saves AUDUSD
Nov 24 02:22 GMT, by
The People's Bank of China (PBoC) unexpectedly announced on Friday that it is cutting its benchmark rate for the first time since 2012, which sent investors flocking towards the commodity-backed Aust...
China Surprised Traders While The Europeans Came Out As Expected
Nov 24 02:19 GMT, by Vantage FX
It was a crazy and, I suppose, a great day for bulls as both European and China central banks made their moves to boost the economy and prevent deflation. Stock markets, commodity currencies and prec...
Weekly Economic and Financial Commentary
Nov 22 01:52 GMT, by Wells Fargo Securities
Inflation has taken center-stage of late now that concerns are beginning to ease the state of the labor market. This week inflation data showed that while hardly robust, weaker price growth seems to ...
The ECB Takes a Step Closer to QE
Nov 22 01:22 GMT, by
On Friday, ECB President Mario Draghi delivered a damning indictment on the Eurozone economy, saying that underlying growth momentum remains weak, the economic situation in the euro-area remains diff...
Weekly Focus: Big Drop in Oil Prices to Boost Consumption
Nov 22 01:09 GMT, by Danske Bank
The biggest stimulus to consumers from an oil price decline since 2008. It strengthens the recovery case in early 2015 and thus risk asset performance. Bond yield decline stabilises on rise in ris...
Week in FX Americas - Dollar Strengtens Thanks to China and Draghi
Nov 22 01:06 GMT, by MarketPulse
The EUR/USD continued to fall this week after European Central Bank President Mario Draghi urged European Union leaders to do whatever it takes to avoid stagnation. Whatever it takes in this case is ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Nov 24 03:39 GMT, by Kshitij Consultancy Services
It seems to be a season of stimulus as ECB reiterated its intent of balance sheet expansion by around Euro 1.0 trillions. This was further boosted by PBOC's surprise, and bit shocking rate cut of 40b...
Daily Technical Analysis
Nov 24 02:49 GMT, by FX Instructor
The EURUSD had a bearish momentum last week after the failure to break above the bearish channel and 1.2575 resistance area as you can see on my hourly chart below, bottomed at 1.2373 and hit 1.2360 ...
AUD/USD – Struggling To Get Back Above 0.8650
Nov 24 02:44 GMT, by MarketPulse
Throughout most of last week the Australian dollar dropped sharply back through the support level at 0.8650 and 0.86 before finishing the week rallying higher and creeping back above the 0.8650 level...
Australia 200 – Trying To Climb Back Above 5400 Again
Nov 24 02:42 GMT, by MarketPulse
Over the last couple of weeks the Australia 200 index has returned some of its recent gains falling from above 5550 down to a one month low below 5300 where it presently is trading around. It has fou...
USDCHF - Reverses Losses, Eyes The 0.9741 Level
Nov 24 02:31 GMT, by FXTechstrategy
USDCHF - With the pair reversing its previous week losses and closing higher on Friday, it faces price extension in the new week. On the upside, resistance resides at the 0.9741 level, its year-to-da...
EURUSD - Sets Up To Resume Broader Weakness
Nov 24 02:30 GMT, by FXTechstrategy
EURUSD - With EUR halting its recovery to turn lower the past week, it faces further downside pressure. Our minimum target is seen at 1.2357 level with a cut through here opening the door for more do...
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...
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