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US Session: Orders and Options Watch
Oct 24 14:21 GMT, by ActionForex.com
EUR: The single currency recovered on dollar's broad-based retreat against European currencies, offers at 1.2680-85 were filled but sell orders are still noted at 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 raised to 1.2640-5...

Technical Outlook

EUR/USD Mid-Day Outlook
Focus remains on 1.2624 minor support. Firm break of 1.2624 will indicate that the correction from 1.2500 has completed... - Oct 24 12:42 GMT
USD/CHF Mid-Day Outlook
At this point, focus remains on 0.9561 minor resistance. Break will confirm that pull back from 0.9688 has finished at ... - Oct 24 12:40 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the upside for the moment. As noted before, the pull back from 110.08 is completed ... - Oct 24 12:38 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral and the consolidation from 1.5876 might extend. But in any case, as long as 1.... - Oct 24 12:34 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 Wrap-up: USD/CHF - Buy at 0.9470
As the greenback has retreated after faltering below yesterday's high at 0.9559, retaining our view that consolidation would be s... - Oct 24 15:57 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Current rebound adds credence to our view that low has been formed at 1.5995 and further consolidation above this level would be ... - Oct 24 15:55 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2730
As the single currency has recovered again, retaining our view that further consolidation above yesterday's low at 1.2614 would b... - Oct 24 15:44 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 107.50
As the greenback has continued to trade with a firm bias after yesterday's rally, adding credence to our view that recent decline... - Oct 24 15:42 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Although the single currency dropped again after brief recovery and fell q... - Oct 24 10:00 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
Despite last week's rise to 1.1386, the subsequent retreat suggests consol... - Oct 24 09:45 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7970
The fall from 0.8047 (last week's high) signals the wave a from 0.7766 has ended there and consolidation with downside bias is se... - Oct 24 15:10 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has retreated after meeting resistance around 1.1296, retaining our view that further consolidation below last w... - Oct 24 15:04 GMT
Trade Idea: EUR/JPY - Buy at 135.95
The single currency found good support at 135.21 yesterday and staged the anticipated rebound, adding credence to our view that l... - Oct 24 09:08 GMT
Trade Idea: AUD/USD - Sell at 0.8805
Although near term sideways trading is likely to continue in the form of a possible triangle wave iv, reckon upside would be limi... - Oct 24 09:01 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Despite resuming recent fall to as low as 134.14 last week, the subse... - Oct 24 10:34 GMT
USD/CHF Elliott Wave Analysis
Although the greenback slipped last week to 0.9360 (we recommended to... - Oct 24 10:27 GMT
EUR/GBP Elliott Wave Analysis
The single currency only eased to 0.7850 before finding renewed buyin... - Oct 23 10:12 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 24 20:55 GMT

Action Bias

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

Fundamental Analysis Reports

Weekly Focus: Focus on Fed Meeting
Oct 24 15:12 GMT, by Danske Bank
The extent of the US soft patch will be important for risk assets and bond yields. We look for an only moderate slowdown but expect ISM to come down in coming quarters. Volatility expected to r...
US New Home Sales Rise in September to Highest Level Since July 2008 from a Downwardly Revised Reading in August
Oct 24 15:02 GMT, by RBC Financial Group
Sales of new single-family homes in the US edged upward by 0.2% to 467,000 annualized units in September, which was in line with market expectations for a 470,000 reading. The monthly pickup built on...
GBP/USD - Pound Steady as GDP Dips But Matches Forecast
Oct 24 12:07 GMT, by MarketPulse
The pound is showing little movement for a second straight day, as GBP/USD trades in the mid-1.60 range in the European session. On the release front, British Preliminary GDP posted a gain of 0.7% in...
A Welcome Boost For The EU Sentiment
Oct 24 11:01 GMT, by ForexTime
The Eurodollar has traded narrowly for the past two days, with investors most likely focusing on the release of the European Central Bank (ECB) stress test report on Sunday evening. Several rumours h...
AUD/USD – Listless As Markets Await US Housing Data
Oct 24 10:58 GMT, by MarketPulse
It's been an uneventful week for AUD/USD, and this trend continues on Friday, as the pair trades in the mid-0.87-range in the North American session. In economic news, the sole US release on the sche...
EUR/USD – Euro Remains Rangebound Despite Strong German Consumer Confidence
Oct 24 09:58 GMT, by MarketPulse
EUR/USD is showing little activity on Friday, as the pair continues to trade in the mid-1.26 range. The listless euro didn’t show any reaction as German Consumer Climate improved to 8.4 points. In th...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/CHF: Floored Again
Oct 24 15:06 GMT, by Forex.com
The North American trading session activity has been rather light so far as the lack of US data releases and the end to a busy week is keeping a lot of the usual liquidity at bay. The one nugget of i...
EUR/USD: Move Towards 1.20 May Accelerate Next Week
Oct 24 12:11 GMT, by Forex.com
It would have been unimaginable just a few months ago to be talking about the possibility of the euro falling to 1.20 against the dollar. After all, the last time it was that low was when we were at ...
Forex Technical Analysis
Oct 24 09:09 GMT, by DeltaStock Inc.
The prolonged consolidation above 1.2612 signals, that a larger corrective phase is underway and I favor a reversal above 1.2612 low to initiate a rise towards 1.2743 resistance area. Initial intrada...
Technical Analysis for Major Currencies
Oct 24 08:48 GMT, by ICN.com
The pair attempted to rise yesterday but remained limited below 1.2700, and closed yesterday's trading session below the resistance 1.2660. Stability below the referred to level could extend bearishn...
Technical Analysis for Crosses
Oct 24 08:48 GMT, by ICN.com
The pair touched the first main awaited target at 173.65 and is showing a slight bearish bias affected by the negativity of RSI, while we wait for further positivity in the coming period supported by...
Today's Market Outlook
Oct 24 08:29 GMT, by Windsor Brokers Ltd
The Euro consolidates fresh weakness which found temporary footstep above psychological 1.26 support and low 10 Oct. Near-term price action is in directionless mode, confirmed by yesterday’s Doji can...
All Daily Technical Reports >>

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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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