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Apr 16 07:15 GMT

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Daily Report: NZD Tumbles on Tame Inflation, Yen Lower on Risks Rebound
Apr 16 05:32 GMT, by ActionForex.com
Asian equities opened higher today following another day of rebound in US stocks and positive sentiments was not affected by Chinese growth data released. China GDP grew 7.4% yoy in Q1, slowed down from prior quarter's 7.7% yoy and hit an 18 month low. But that was slightly above expectation of 7.3% yoy. Opinions on whether there will be additiona...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias stays neutral as the consolidation from 1.3905 temporary top continues. We'd holding on to the bullish vi... - Apr 16 04:32 GMT
GBP/USD Daily Outlook
Outlook in GBP/USD is a bit mixed for the moment and intraday bias remains neutral first. On the downside, break of 1.6... - Apr 16 04:28 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral as consolidation from 0.8742 continues. Upside of the recovery is expected to ... - Apr 16 04:24 GMT
USD/JPY Daily Outlook
USD/JPY's break of 102.15 minor resistance suggests short term bottoming at 101.32 and delayed the immediate bearish ca... - Apr 16 04:20 GMT

Special Reports

RBA Minutes Maintains Neutral Policy Stance
Apr 15 05:25 GMT
The RBA minutes for the April meeting echoed the neutral stance of policymakers...
Headline Chinese Trade Data Distorted by Over-Invoicing Last Year
Apr 10 12:17 GMT
Chinese trade data surprised to the downside as exports surprisingly contracted...
Fed Downplayed Rate Hike Possibility, Diverged On Interpretation of Employment Market Slacks
Apr 10 05:02 GMT
The FOMC minutes for the March meeting reinforced the Fed's dovish view over th...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 0.8845
Although the greenback retreated after intra-day brief rise to 0.8819, reckon the Ichimoku cloud (now at 0.8775-80) would limit d... - Apr 15 15:42 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.6695
Cable's rebound after intra-day brief fall to 1.6660 on UK inflation data suggests an intra-day low is possibly formed and consol... - Apr 15 15:31 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.3770
Although the single currency has rebounded after intra-day fall to 1.3790 and recovery to the lower Kumo (now at 1.3845) cannot b... - Apr 15 15:28 GMT
Trade Idea Wrap-up: USD/JPY - Hold long entered at 101.65
As the greenback has retreated after faltering below indicated resistance at 102.00 (yesterday's high), suggesting further consol... - Apr 15 15:20 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did rally last week in line with our bullish ex... - Apr 15 06:21 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Despite early brief rise to 0.8953, the subsequent selloff formed 4 consec... - Apr 15 06:17 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Euro's stronger-than-expected rebound from 1.3673 signals the retreat from... - Apr 14 07:30 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.8270
The single currency met renewed selling interest at 0.8283 today and has slipped again, suggesting caution on our bullishness and... - Apr 15 14:30 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0890
The greenback found renewed buying interest at 1.0942 yesterday and has risen again, retaining our near term bullishness for the ... - Apr 15 14:27 GMT
Trade Idea: EUR/JPY - Sell at 141.90
Although the single currency has dropped again today and test of last week's low at 140.08 cannot be ruled out, break there is ne... - Apr 15 08:23 GMT
Trade Idea: AUD/USD - Buy at 0.9260
As aussie has retreated again after meeting renewed selling interest at 0.9426 again, retaining our view that further consolidati... - Apr 15 08:17 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Despite rising to 1.6820 last week, as the British pound has retreate... - Apr 15 08:58 GMT
GBP/CHF Elliott Wave Analysis
Sterling's retreat after rising to 1.4829 earlier this month suggests... - Apr 15 08:45 GMT
USD/JPY Elliott Wave Analysis
Last week's selloff has retained our bearish view that top has been f... - Apr 14 10:33 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 16 07:10 GMT

Action Bias

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

Markets Look For UK Unemployment, Eurozone Inflation Reports
Apr 16 06:12 GMT, by ICN.com
With the release of United Kingdom's inflation and euro-area's ZEW confidence reports in the previous session, investors focus will shift to inflation figures out from the currency block and unemploy...
EUR/USD: Euro Trading Tad Higher Ahead Of The Euro-Zone's Consumer Inflation Data
Apr 16 06:02 GMT, by GCI Financial
The pair is expected to find support at 1.3792, and a fall through could take it to the next support level of 1.3768. The pair is expected to find its first resistance at 1.3837, and a rise through c...
GBP/USD: Pound Trading Marginally Higher With Focus On UK Claimant Count And Unemployment Data
Apr 16 05:53 GMT, by GCI Financial
The pair is expected to find support at 1.6673, and a fall through could take it to the next support level of 1.6622. The pair is expected to find its first resistance at 1.6763, and a rise through c...
AUD/USD: Aussie Reverses Its Losses In The Morning Session
Apr 16 05:51 GMT, by GCI Financial
The pair is expected to find support at 0.9323, and a fall through could take it to the next support level of 0.9293. The pair is expected to find its first resistance at 0.9392, and a rise through c...
USD/JPY: Japan Making Progress Towards The Central Bank's 2% Inflation Target, Reiterates BoJ Chief, Kuroda
Apr 16 05:50 GMT, by GCI Financial
The pair is expected to find support at 101.72, and a fall through could take it to the next support level of 101.21. The pair is expected to find its first resistance at 102.50, and a rise through c...
USD/CHF: Swiss Franc Steady In The Asian Session
Apr 16 05:48 GMT, by GCI Financial
The pair is expected to find support at 0.8785, and a fall through could take it to the next support level of 0.8766. The pair is expected to find its first resistance at 0.8822, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

USD/CHF Halted By 0.8813/12
Apr 16 06:50 GMT, by Dukascopy Swiss FX Group
As suspected, the resistance at 0.8813/12, consisting of the weekly and monthly pivot points, managed to negate the bullish momentum of USD/CHF. Now the currency pair is likely to move in accordance ...
USD/JPY Challenges 102.34/03
Apr 16 06:48 GMT, by Dukascopy Swiss FX Group
Although initially USD/JPY appeared hesitant in the face of the down-trend resistance line, it has nevertheless launched an attack on 102.34/03. If this attempt succeeds, we will be looking at 102.94...
GBP/USD Stands Still Above 1.67
Apr 16 06:47 GMT, by Dukascopy Swiss FX Group
Similarly to EUR/USD, the Cable is also standing motionless above its weekly PP. According to the daily and monthly technical indicators, however, the Sterling should be headed north, towards the Feb...
EUR/USD Set To Decline To 1.37
Apr 16 06:45 GMT, by Dukascopy Swiss FX Group
At the moment EUR/USD is testing the support at 1.3816/15 represented by the monthly and weekly pivot points. If this level is breached, the next significant concentration of demand is expected to be...
Euro Steadies On China Economy Growth
Apr 16 04:51 GMT, by ZIFX.com
On Tuesday Euro/Dollar traded within narrow 45 pip range. The European currency appreciated from 1.3788 to 1.3834 yesterday, not matching the negative money flow sentiment at around -7%, closing the ...
Foreign Exchange Market Commentary
Apr 16 04:28 GMT, by HY Markets
THE EURO closed lower due to profit taking on Tuesday as it consolidated some of last week's rally. The midrange close sets the stage for a steady opening when Wednesday's night session begins tradin...
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Long Term Forecasts

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...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by MarketPulse
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
GBP/USD - 2013 In Review
Dec 26 02:30 GMT, by MarketPulse
The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous foreca...
EUR/USD - 2013 in Review
Dec 25 13:46 GMT, by MarketPulse
The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. ...
All Long Term Forecasts >>
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