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Apr 28 03:44 GMT

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Mid-Day Report: Yen Soft on Risk Appetite
Apr 27 13:53 GMT, by ActionForex.com
Yen stays soft in general today as pressured mildly by risk appetite. US equities open higher with S&P 500 making new record high in initial trading. That follows broad based rally in European equities which saw DAX up 1.7%, CAC up 1.2% and FTSE up 0.9% at the time of writing. Gold is back above 1180 but is still kept well below 1200 handle. C...

Technical Outlook

EUR/USD Mid-Day Outlook
Outlook in EUR/USD is unchanged. Price actions from 1.0461 are viewed as a consolidation pattern. As long as 1.1096 res... - Apr 27 13:59 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains on the upside for the moment. Rebound from 1.4565 is expected to extend higher with fo... - Apr 27 13:58 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for the moment. Fall from 1.0127 is still in favor to extend lower. Break of 0... - Apr 27 13:55 GMT
USD/JPY Mid-Day Outlook
USD/JPY recovers mildly today but intraday bias remains neutral first. Overall, the pair is staying in sideway consolid... - Apr 27 13:54 GMT

Special Reports

China's Manufacturing Sector Contracted Further In April
Apr 24 06:30 GMT
Flash China Manufacturing PMI by HSBC fell to a 12-month low of 49.2 in April f...
SNB Added More Accounts To Negative Rates
Apr 23 05:44 GMT
The SNB announced that it would eliminate some groups of sight deposit account ...
BOE Sounded More Hawkish in April
Apr 22 11:31 GMT
British pound rose against US dollar and euro, after the BOE minutes unveiled t...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has slipped again and near term downside risk remains for test of previous chart support at 0.9481, break ... - Apr 27 15:51 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.5165
As cable has rallied again after finding renewed buying interest at 1.5107, suggesting recent rise from 1.4566 low is still in pr... - Apr 27 15:39 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.0835
As the single currency has risen again after finding support at 1.0819, suggesting the rise from 1.0520 is still in progress and ... - Apr 27 15:31 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has retreated after faltering below the Ichimoku cloud bottom, consolidation with mild downside bias would bee s... - Apr 27 15:23 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 1.0660 last week and ... - Apr 27 09:04 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Despite last week's rebound to 120.09, as dollar has retreated after falte... - Apr 27 08:46 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
As the single currency has continued to edge higher after rebounding from ... - Apr 24 08:19 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7135
Despite last week's late bounce to 0.7212, the subsequent retreat suggests further consolidation would be seen, however, as long ... - Apr 27 14:25 GMT
Trade Idea: USD/CAD - Sell at 1.2320
Although the greenback has remained under pressure and test of previous support at 1.2088 cannot be ruled out, break there is nee... - Apr 27 14:18 GMT
Trade Idea: EUR/JPY - Hold long entered at 129.00
Although the single currency has retreated after rising to 130.12 and consolidation below this level would be seen, as long as 12... - Apr 27 10:46 GMT
Trade Idea: AUD/USD - Stand aside
As aussie has edged higher after finding buying interest at 0.7683, retaining our view that near term upside risk remains for the... - Apr 27 10:39 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Despite last week's rebound to 120.09, the subsequent retreat from th... - Apr 27 11:02 GMT
EUR/JPY Elliott Wave Analysis
Euro's rebound after falling to 126.09 earlier this month has retaine... - Apr 24 09:30 GMT
USD/CHF Elliott Wave Analysis
As the greenback has retreated again after this week's brief bounce t... - Apr 24 09:17 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 28 04:35 GMT

Action Bias

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

Fundamental Analysis Reports

Dow: Down, But Not Out
Apr 28 02:34 GMT, by Forex.com
After getting out to a great start in North American trade today, US stock markets spent the second half of trade falling back down to lower levels. Most of the decline was attributed to biotech stoc...
AUDCAD: Stevens Vs. Poloz
Apr 28 02:28 GMT, by Forex.com
There has been very little action in the currency world at the start of the new week as most of the major currency pairs are lacking in the headline grabbing department. US equities, on the other han...
Morning View: Varoufakis On The Out
Apr 28 02:21 GMT, by Vantage FX
It's all looking like coming to a head again in Europe, with Greek Finance Minister Varoufakis taken off EU/IMF negotiations. This is in favour of a new way of going about negotiations with hopes a d...
April Month-End Model Hints at Possible USD Selling
Apr 27 13:32 GMT, by Forex.com
Traders often refer the impact of 'month end flows' on different currency pairs during the last few days of the month. In essence, these money 'flows' are caused by global fund managers and investors...
Greece, FOMC, Gold and Indices
Apr 27 12:17 GMT, by ForexTime
Any optimism that an agreement could be reached to end the ongoing Greece situation has basically been erased following the exchange of some feisty words at the conclusion of Friday''s Eurogroup meet...
Greece: No News is Not Good News
Apr 27 11:41 GMT, by MarketPulse
No significant news has hit the markets regarding Greece over the weekend. Capital markets continue to witness the dealings of Greece acting like a petulant child being scolded by its guardian. The m...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUD/USD – Moves To One Month High Above 0.7850
Apr 28 02:43 GMT, by MarketPulse
The Australian dollar is currently trying to stay above the key 0.7850 level after surging strongly and moving through to a one month higher in recent hours. To start this new week the Australian dol...
Australia 200 – Has A Flutter At The Key 6000 Level
Apr 28 02:41 GMT, by MarketPulse
The Australian 200 index has made another solid run at the key 6000 level in the last couple of days but again it has been forced by overwhelming supply at that level. At the same time, the index is ...
USDJPY - Halts Weakness, Eyes Further Upside
Apr 28 02:37 GMT, by FXTechstrategy
USDJPY - The pair now faces further recovery risk after turning higher off its intra day low at 118.76 level during early Monday trading. On the upside, resistance resides at the 119.74 level with a ...
AUDUSD: The Bulls Are Gathering…
Apr 28 02:35 GMT, by Forex.com
The US dollar was mauled by bears overnight on the back of softer than expected US economic data. A flash Services PMI reading for April dropped to 57.8, missing an expected smaller deterioration to ...
EM Rundown: Will USDRUB Bears Be Calling 'Mayday' by May Day?
Apr 28 02:31 GMT, by Forex.com
Currency markets are off to a relatively slow start to the week, with the dollar generally inching lower vs. its major G10 counterparts. While not the focus of today's report, it is worth noting that...
Gold And Silver Surge Higher
Apr 28 02:26 GMT, by Forex.com
Precious metals have staged a sharp, unexpected, rally today. Gold hit an intraday low of around $1178 before climbing to a high so far of $1204. That is a jump of $26 or 2.2 per cent. Characteristic...
All Daily Technical Reports >>

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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...
All Long Term Forecasts >>
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