May 04 07:03 GMT


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Action Insight

Daily Report: Aussie Soft on China Data and RBA Expectations
May 04 02:52 GMT, by
Australian dollar is generally lower as the week starts on weaker than expected China data and expectations that for RBA rate cut tomorrow. The final reading of HSBC China manufacturing PMI came it at 48.9 in April, down from initial estimate of 49.2 and prior month's 49.6. That's also the lowest level in a year since April 2014. The new order com...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD is neutral for the moment. Overall, price actions form 1.0461 are treated as a consolidation/c... - May 04 03:07 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains mildly on the downside for the moment. As noted before, rebound from 1.4565 should hav... - May 04 03:04 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the downside for the moment. Current decline from 1.0127 should target 100% project... - May 04 03:00 GMT
USD/JPY Daily Outlook
Overall, USD/JPY could still be in consolidation pattern from 121.84 and another decline might be seen. Below 118.32 wi... - May 04 02:57 GMT

Special Reports

RBA To Cut In May
May 04 02:30 GMT
Following the previous cut in February, we expect the RBA would trim the cash r...
RBNZ Signaled Easing Bias
Apr 30 03:49 GMT
Kiwi plunged, erasing the gains made over the past 2 days after release of RBNZ...
FOMC Statement Signals June A 'Live' Meeting
Apr 30 02:21 GMT
Notably, the reference that 'an increase in the target federal funds rate remai...
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Markets Snapshot

Action Insight Newsletter

Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9305
As dollar has rebounded after intra-day brief fall to 0.9277, suggesting consolidation above this level would be seen with mild u... - May 01 16:40 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5260
As cable's intra-day fall from 1.5397 has gathered momentum, adding credence to our view that top has been formed at 1.5498 earli... - May 01 16:32 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has retreated after intra-day marginal rise to 1.1290, suggesting consolidation below this level would be ... - May 01 16:26 GMT
Trade Idea Wrap-up: USD/JPY - Target met and stand aside
Current anticipated rally together with the breach of previous resistance at 120.09-12 add credence to our view that the fall fro... - May 01 16:18 GMT
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Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
The single currency did rallied in line with our bullish expectations, add... - May 01 09:57 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
Although the greenback resumed recent fall from 1.2835 to as low as 1.1945... - May 01 09:34 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 0.7132 and has reboun... - Apr 30 09:17 GMT
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Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7315
As euro's anticipated rally has gathered momentum and broke above indicated resistance at 0.7385, adding credence to our bullish ... - May 01 14:40 GMT
Trade Idea: USD/CAD - Buy at 1.2135
As the greenback has risen again after finding renewed buying interest at 1.2057, adding credence to our view that a temporary lo... - May 01 14:33 GMT
Trade Idea: EUR/JPY - Buy again at 133.00
The single currency has surged again after finding renewed buying interest at 131.31 yesterday, adding credence to our bullish vi... - May 01 10:21 GMT
Trade Idea: AUD/USD - Exit long entered at 0.7870
Despite rising to 0.8076 earlier this week, the subsequent sharp retreat suggests top has possibly been formed there and near ter... - May 01 10:15 GMT
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Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency finally staged the anticipated rebound this week ... - May 01 10:37 GMT
USD/CHF Elliott Wave Analysis
As the greenback has slipped again after meeting renewed selling inte... - May 01 10:31 GMT
EUR/GBP Elliott Wave Analysis
The single currency has rebounded again after finding buying interest... - Apr 30 11:40 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 04 07:55 GMT

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Fundamental Analysis Reports

USD Looks To Start Building Momentum
May 04 06:49 GMT, by ForexTime
Despite US economic data missing expectations, the USD managed to fire back as the market closed for the week, because there remains optimism that the US economy is still performing strongly. Althoug...
US Manufacturing Growth Remains Tepid, Consumer Confidence Improves
May 04 06:38 GMT, by Dukascopy Swiss FX Group
Manufacturing activity in the US continued to grow at a tepid pace in April as a recovery in new orders was offset by employment falling to its lowest level in more than five years. According to the ...
UK Manufacturing Growth Unexpectedly Slows In April Due To Strong Pound
May 04 06:37 GMT, by Dukascopy Swiss FX Group
Activity growth in the UK factories unexpectedly slowed in April, as the strong Sterling undermined demand for British goods overseas. The UK manufacturing PMI declined to 51.9, down from 54.0 in the...
Australia's Factory Gate Inflation Rises More Than Expected
May 04 06:35 GMT, by Dukascopy Swiss FX Group
Australia's factory gate inflation rose at a faster pace than expected in the beginning of the year. Australian producers fetched higher prices for final goods in the first quarter than in the Octobe...
China's Manufacturing, Services Rise Modestly
May 04 06:33 GMT, by Dukascopy Swiss FX Group
China's manufacturing and services sectors expanded modestly last month, yet the growth was not enough to erase fears about the downward trend of the world's second biggest economy. China's official ...
Asian Market Update: China HSBC Final PMI Falls To 1-Yr Low After Markets Resume From Holiday
May 04 05:18 GMT, by Trade The News
China April final HSBC manufacturing PMI posted 48.9, missing consensus of 49.4, as largest contraction for one year with total new orders declining at the strongest pace for a year while production ...
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Technical Analysis Reports

Daily FX Report
May 04 06:13 GMT, by Varengold Bank
The euro's nine-month tumble is history. The 19-nation currency posted its biggest weekly gain versus the dollar in six weeks on signs the European Central Bank's stimulus plan has the region's econo...
Foreign Exchange Market Commentary
May 04 05:40 GMT, by HY Markets
THE EURO closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling ...
EURUSD Stalls At 1.13 Resistance
May 04 05:27 GMT, by ThinkForex
EURUSD has climbed to an 11-week high thanks to weaker German Bunds, 0% 'growth' from the Eurozone (which is bullish for an economy within deflation) and of course soft US data. However that was last...
USD Finds Support At Fibonacci Cluster
May 04 04:31 GMT, by ThinkForex
In previous videos I have highlighted the potential for February's triangle as a potential bearish target, as this is a likely area of potential support. Last week's low tested the centre of this sid...
Daily Technical Analysis
May 04 03:40 GMT, by FX Instructor
The EURUSD had a bullish momentum last week topped at 1.1288 but closed a little bit lower at 1.1196. The bias is neutral in nearest term probably with a little bearish bias especially if price able ...
Market Morning Briefing
May 04 03:39 GMT, by Kshitij Consultancy Services
Euro (1.1187) came off exactly from 100-day MA resistance near 1.1290 as expected. While that holds we may see a fall back to 1.110-1.108 in the near term. EURJPY (134.35) also rose sharply to 135.28...
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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...
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