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Oct 02 04:22 GMT

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US Session: Orders and Options Watch
Oct 01 14:32 GMT, by ActionForex.com
EUR: The single currency recovered after holding above yesterday's low at 1.2571 but offers are still noted at 1.2640-50, 1.2665 and 1.2680-85, sizeable sell orders are reported at 1.2700-10, 1.2725-35 and 1.2750-60 (stops above 1.2765), selling interest is expected at 1.2785 and 1.2800. On the downside, bids are now seen at 1.2570-85 area and in ...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside at this point. Current fall from 1.3993 would target 1.2042 low next. ... - Oct 01 13:00 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains mildly on the downside for 1.6051 low. Break will resume whole decline from 1.7190 and... - Oct 01 12:58 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the upside for the moment. Current rise should target 261.8% projection of 0.8702 t... - Oct 01 12:56 GMT
USD/JPY Mid-Day Outlook
USD/JPY retreats mildly after hitting mentioned 100% projection of 96.56 to 105.43 from 101.08 at 109.95. At this point... - Oct 01 12:54 GMT

Special Reports

The Week Ahead: Details about ECB's ABS Purchases Expected
Sep 29 13:49 GMT
The focus of this week is ECB meeting due Thursday and US' employment report du...
Japanese Yen May Weaken Further Should BOJ Extend Monetary Base
Sep 25 12:16 GMT
Japanese yen resumed weakness after a briefly rebound against the US dollar aft...
China To Continue To Add Stimulus Despite Finance Minister's Hawkish Comments
Sep 23 09:30 GMT
Comments that Chinese Finance Minister Lou Jiwei made at the G20 meeting damped...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9500
Dollar's near term sideways trading after yesterday's rally to 0.9597 is likely to continue and although pullback to 0.9520-25 ca... - Oct 01 16:09 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6285
As cable has recovered after intra-day marginal fall to 1.6162, suggesting minor consolidation above this level would be seen and... - Oct 01 16:02 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2700
Euro's near term sideways trading is expected to continue and although corrective bounce to previous support at 1.2664 cannot be ... - Oct 01 15:49 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 109.15
As the greenback has retreated after intra-day initial rise to 110.09, suggesting consolidation below this level would be seen an... - Oct 01 15:39 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Kiwi's decline has accelerated in the past two weeks and pscyhological sup... - Oct 01 07:32 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar continued to head south after recent selloff and aus... - Oct 01 07:28 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.9353 (we recommended to b... - Sep 30 07:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7885
Although euro has continued to trade defensively after recent selloff, suggesting bearishness remains for decline to extend furth... - Oct 01 15:26 GMT
Trade Idea: USD/CAD - Buy at 1.1095
As the greenback has retreated after intra-day rise to 1.1223, suggesting minor consolidation would be seen and pullback to 1.113... - Oct 01 15:22 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency fell again to 137.94 yesterday, lack of follow through selling and the subsequent recovery suggest c... - Oct 01 09:08 GMT
Trade Idea: AUD/USD - Sell at 0.8830
Despite intra-day fall to 0.8663, as the Australian dollar has recovered after holding above previous support at 0.8660, suggesti... - Oct 01 09:00 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
The single currency dropped again after meeting renewed selling inter... - Oct 01 10:47 GMT
AUD/USD Elliott Wave Analysis
Recent decline gathered momentum and looks set to test previous suppo... - Oct 01 10:35 GMT
GBP/USD Elliott Wave Analysis
Although the British pound has retreated after meeting resistance at ... - Sep 30 09:06 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 02 04:15 GMT

Action Bias

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

Fundamental Analysis Reports

AUD/USD – Aussie Slips After Weak Retail Sales
Oct 02 02:45 GMT, by MarketPulse
The Australian dollar has been volatile on Wednesday, as AUD/USD lost about 80 points but then recovered. In the North American session, the pair is trading in the low 0.87 range. In today’s releases...
GBP/USD – Pound Can't Make Up Its Mind After Soft UK Manufacturing PMI
Oct 02 02:43 GMT, by MarketPulse
GBP/USD has moved strongly in both directions on Wednesday, but is almost unchanged as the pair trades at the 1.62 line in the North American session. On the release front, British Manufacturing slip...
Reserve Bank Of India Holds Ground Against High Inflation
Oct 02 02:17 GMT, by ICN.com
The Reserve Bank of India sent a strong message on Tuesday that it will keep interest rates unchanged until it is sure consumer inflation can be reduced to a January 2016 target of 6%. The policy rev...
Stocks Fall Again Taking The US Dollar With Them
Oct 02 02:06 GMT, by Vantage FX
Stock markets didn't crash last night but they were certainly under pressure and remain so at the moment as sentiment changes and fear is on the rise. The fact that USDJPY solid off more than a big f...
US ISM Manufacturing Index Fell in September; Construction Spending Declined in August
Oct 01 15:25 GMT, by RBC Financial Group
Activity in the US manufacturing sector continued to expand solidly in September 2014, although the pace of growth slowed from the previous month as the ISM manufacturing index fell to 56.6 from 59.0...
USD/CAD - Steady on Mixed US Numbers
Oct 01 15:23 GMT, by MarketPulse
USD/CAD has posted slight losses on Wednesday, as the pair continues to trade close to the 1.12 line. On the release front, US key data was a mix. ADP Nonfarm Payrolls rose 213 thousand, which was ab...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Oct 02 03:51 GMT, by HY Markets
THE EURO closed lower on Wednesday as it extends the decline off May's high. The midrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics ...
Australia 200 – Enjoys Some Support Around 5250
Oct 02 02:55 GMT, by MarketPulse
For all of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 54...
AUD/USD – Taking A Rest Around 0.8750
Oct 02 02:54 GMT, by MarketPulse
The last few weeks has seen a strong decline for the Australian dollar moving from close to 0.94 down to below 0.87 and an eight month low in the process. In the last few days it has taken a breather...
The Daily Forecaster: AUDUSD
Oct 02 02:34 GMT, by FX-Forecaster
Losses developed nicely down to the 0.8672 - and actually 0.8662. As suggested this has generated a correction to the 0.8750-70 area. While this caps, we should see a final decline in 3-wave to (arou...
EURGBP - Bearish, Threatens Further Downside
Oct 02 02:30 GMT, by FXTechstrategy
EURGBP - We continue to hold our downside bias on the cross as it continues to maintain its bearishness. On the downside, support lies at the 0.7800 level where a break will expose the 0.7780 level. ...
AUDNZD: Bulls Wrestle Back Control From The Bears, For Now
Oct 02 02:27 GMT, by Forex.com
Just when it looked like bears may have been once again gaining the upper hand in the battle for AUDNZD, NZD got assaulted by soft dairy price data. The commodity currency was hit by a wave of seller...
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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