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Oct 22 06:22 GMT

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Daily Report: Focus on BoE Minutes and BoC Rate Decision
Oct 22 03:51 GMT, by ActionForex.com
Risk markets staged further rebound overnight as DJIA gained 215.14pts, or 1.31% to close at 16614.81. S&P 500 also rose 37.27 pts or 1.96% to close at 1941.28. Asian equities followed with Nikkei up over 250 pts and reclaimed 15000 handle again at the time of writing. Meanwhile, treasury yields registered some gains, 30 year yield is still he...

Technical Outlook

EUR/USD Daily Outlook
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1... - Oct 22 04:09 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. As long as 1.6226 resistance holds, further fall is still expe... - Oct 22 04:05 GMT
USD/CHF Daily Outlook
No change in USD/CHF's outlook. We'd still expect strong support from from 0.9300/9395 support zone to complete the cor... - Oct 22 03:59 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains neutral at this point. Deeper fall cannot be ruled out yet as correction from 110.08 m... - Oct 22 03:56 GMT

Special Reports

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...
RBA Reiterated A Period Of Stable Interest Rates
Oct 21 07:33 GMT
The RBA minutes for the October sent little surprise and the message was largel...
Fed's Beige Book Described US Growth As 'Modest to Moderate'
Oct 16 05:38 GMT
The Beige Book prepared by the Minneapolis Fed, covering the period before Octo...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9480
The greenback has rebounded after holding above minor support at 0.9396, retaining our view that further consolidation would be s... - Oct 21 15:42 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.6060 or sell at 1.6220
Although cable has retreated after intra-day rise to 1.6184 and consolidation below this level is seen with mild downside bias fo... - Oct 21 15:34 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day initial rebound to 1.2840, as the single currency has retreated after faltering below indicated resistance at 1... - Oct 21 15:28 GMT
Trade Idea Wrap-up: USD/JPY - Hold long entered at 106.40
The greenback found support at 106.25 and has rebounded, retaining our bullishness and consolidation with upside bias is seen for... - Oct 21 15:23 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound fell again and hit a low of 1.5875 last week, t... - Oct 21 09:43 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback slipped last week to as low as 0.9360, as the pair ... - Oct 21 09:38 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest just above 1.2600 level ... - Oct 20 10:03 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7980
As the single currency has retreated sharply after rising to 0.8047 last week, suggesting the a leg of the correction from 0.7766... - Oct 21 14:55 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has retreated after rising to 1.1366 last week, retaining our view that consolidation below this level would be ... - Oct 21 14:49 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency has retreated again after faltering below yesterday's high of 137.01 and consolidation would be seen... - Oct 21 09:35 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Although aussie edged higher after rebounding from 0.8686 and near term upside risk remains for marginal gain, as outlook is stil... - Oct 21 09:30 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound slipped again to as low as 1.5875 last wee... - Oct 21 10:59 GMT
GBP/CHF Elliott Wave Analysis
The British pound only recovered to 1.5470 before falling sharply in ... - Oct 21 10:54 GMT
USD/JPY Elliott Wave Analysis
Although the greenback slipped again last week to as low as 105.20, t... - Oct 20 11:09 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 22 06:15 GMT

Action Bias

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

EUR/USD: Euro Trading On A Stronger Footing This Morning
Oct 22 06:02 GMT, by GCI Financial
The pair is expected to find support at 1.2674, and a fall through could take it to the next support level of 1.2623. The pair is expected to find its first resistance at 1.2809, and a rise through c...
GBP/USD: Pound Reverses Its Losses Ahead Of The BoE's Minutes
Oct 22 06:01 GMT, by GCI Financial
The pair is expected to find support at 1.6092, and a fall through could take it to the next support level of 1.606. The pair is expected to find its first resistance at 1.6171, and a rise through co...
AUD/USD: Australian CPI Advanced More Than Expected In 3Q 2014
Oct 22 06:00 GMT, by GCI Financial
The pair is expected to find support at 0.8747, and a fall through could take it to the next support level of 0.8702. The pair is expected to find its first resistance at 0.8836, and a rise through c...
USD/JPY: Japanese Yen Trading Higher This Morning
Oct 22 05:59 GMT, by GCI Financial
The pair is expected to find support at 106.37, and a fall through could take it to the next support level of 105.86. The pair is expected to find its first resistance at 107.25, and a rise through c...
USD/CHF: Swiss Franc Trading On A Stronger Footing This Morning
Oct 22 05:58 GMT, by GCI Financial
The pair is expected to find support at 0.9421, and a fall through could take it to the next support level of 0.9359. The pair is expected to find its first resistance at 0.9522, and a rise through c...
USD/CAD: Loonie Trading Higher, Ahead Of The BoC's Interest Rate Decision
Oct 22 05:57 GMT, by GCI Financial
The pair is expected to find support at 1.1184, and a fall through could take it to the next support level of 1.1147. The pair is expected to find its first resistance at 1.1275, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Wave Analysis
Oct 22 06:19 GMT, by Admiral Markets
The GBPUSD downtrend is very choppy and corrective and is struggling to break the bigger weekly support level (dark green).
Foreign Exchange Market Commentary
Oct 22 05:45 GMT, by HY Markets
THE EURO closed lower on Tuesday. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signall...
Daily Technical Analysis
Oct 22 05:39 GMT, by FX Instructor
The EURUSD had a bearish momentum yesterday and hit 1.2705 earlier today. As you can see on my hourly chart below, price is testing the lower line of the bullish channelĀ and 1.2700 support area. Pric...
Market Morning Briefing
Oct 22 03:41 GMT, by Kshitij Consultancy Services
Euro (1.2726) is testing the lower end of the short term range of 1.27-1.29 on the back of ECB bond-buying rumors but the possibility of extending this corrective bounce to 1.2950-1.30 levels still s...
Gold, Bullish But Don't Chase From Here
Oct 22 03:11 GMT, by Foreign Exchange Analytics
The market has indeed continued to rally from that Oct 6th spike low at $1183, the long discussed downside target/area to form important low over the last number of months (base of that long discusse...
AUD/USD - Remains Below Resistance At 0.88
Oct 22 03:06 GMT, by MarketPulse
During the last few weeks the Australian dollar has done well to stop the bleeding and trade within a wide range roughly between 0.8650 and 0.88. Prior to that it had experienced a sharp decline thro...
All Daily Technical Reports >>

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Central Bank Analysis
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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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