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US Session: Orders and Options Watch
Nov 20 15:11 GMT, by ActionForex.com
EUR: The single currency slipped and bids at 1.2510-20 were filled, however, buy orders are still noted at 1.2500, 1.2465-70 and in good size at 1.2440-45 (stops below), more bids are reported at 1.2420-30 with stops building up below 1.2390, buying interest is noted at 1.2375-80 and 1.2355-60 with more stops placed below barrier at 1.2350. On the...

Technical Outlook

EUR/USD Mid-Day Outlook
The consolidation pattern from 1.2357 is still in progress. Intraday bias in EUR/USD remains neutral for some more side... - Nov 20 13:59 GMT
GBP/USD Mid-Day Outlook
Downside momentum in GBP/USD is unconvincing. But with with 1.5789 support turned resistance intact, deeper decline is ... - Nov 20 13:56 GMT
USD/CHF Mid-Day Outlook
No change in USD/CHF's outlook as the consolidation pattern from 0.9741 is still unfolding. Deeper decline could be see... - Nov 20 13:53 GMT
USD/JPY Mid-Day Outlook
USD/JPY retreats mildly after reaching as high as 118.97 earlier today. With 117.05 minor support intact, intraday bias... - Nov 20 13:51 GMT

Special Reports

Fed Sees Inflation Target within Reach, Impacts of Overseas Slowdown Limited
Nov 20 06:06 GMT
The FOMC minutes for the October meeting suggested that policymakers remained c...
BOE Minutes Showed Splits among Those Favored Keeping Rates Unchanged
Nov 19 13:04 GMT
The BOE minutes for the November meeting showed that the members voted 7-2 to k...
RBA Raised Concerns Over Housing Markets, Both At Home And In China
Nov 18 05:16 GMT
The RBA minutes for the November meeting contained few surprises. Policymakers ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback fell below support at 0.9553 yesterday, as dollar found support at 0.9531 and has rebounded, suggesting co... - Nov 20 15:42 GMT
Trade Idea Wrap-up: GBP/USD - Hold long entered at 1.5640
As cable has rebounded after finding renewed buying interest at 1.5632, retaining our bullishness and further consolidation above... - Nov 20 15:38 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although the single currency retreated after rising to 1.2600 yesterday, as euro has rebounded again after holding above indicate... - Nov 20 15:35 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 117.50
Despite intra-day rally to 118.98, as the greenback has retreated after faltering below 119.00 level, suggesting minor consolidat... - Nov 20 15:30 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency staged the anticipated rebound to 0.8039, our long pos... - Nov 20 09:46 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although recent selloff has continued to put pressure on the single curren... - Nov 20 09:31 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Despite this month's anticipated resumption of medium term downtrend, the ... - Nov 19 08:14 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7940
As the single currency has retreated after rising to 0.8039 yesterday, retaining our view that minor consolidation below previous... - Nov 20 14:44 GMT
Trade Idea: USD/CAD - Hold long entered at 1.1260
Although the greenback has retreated after meeting resistance at 1.1369 earlier today, as long as indicated support at 1.1260 (th... - Nov 20 14:38 GMT
Trade Idea: EUR/JPY - Stand aside
The single currency continued to head north after recent rally and further gain to 149.15-20 and possibly 149.50 would be seen, h... - Nov 20 09:16 GMT
Trade Idea: AUD/USD - Stand aside
Aussie dropped below indicated support at 0.8591, suggesting the rebound from 0.8541 has ended at 0.8796 and retest of this level... - Nov 20 09:09 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
The single currency found good support at 0.7799 and has staged the a... - Nov 20 10:10 GMT
USD/CAD Elliott Wave Analysis
Although the greenback has rebounded after finding support at 1.1260,... - Nov 20 10:00 GMT
EUR/CAD Elliott Wave Analysis
As the single currency has continued to find buying interest around s... - Nov 19 11:22 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Nov 20 12:00 GMT

Action Bias

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

Fundamental Analysis Reports

GBP/USD – Little Change After Key US, UK Numbers
Nov 21 01:46 GMT, by MarketPulse
GBP/USD has posted small gains on Thursday, as the pair trades in the high-1.56 range in the North American session. On the release front, it’s been a busy day, with a host of key releases out of the...
USD/CAD – Canadian Dollar Improves On Sharp Wholesale Sales
Nov 21 01:43 GMT, by MarketPulse
The Canadian dollar has posted modest gains on Thursday, as USD/CAD trades at the 1.13 line. On the release front, Canadian Wholesale Sales jumped 1.8% in September. Over in the US, there have been p...
European Data Painting A Dark Horizon
Nov 21 01:17 GMT, by Vantage FX
The Eurozone PMIs are still disappointing for November and hit the Euro to 1.25 against the Dollar. The Composite PMI fell to a 16-month low of 51.4, lower than the expected 52.3. The data implies th...
AUD/USD - Aussie Stabilizes After Sharp Losses
Nov 20 15:40 GMT, by MarketPulse
AUD/USD has steadied on Thursday, as the pair trades just above the 0.86 line. The Aussie slumped on Thursday, losing 100 points. It was a busy day in the US, with a host of key releases. CPI and Cor...
USD/JPY - Surging Dollar Pushes Above 118
Nov 20 13:23 GMT, by MarketPulse
The Japanese yen has stabilized on Thursday, after suffering sharp losses on Wednesday. In the European session, USD/JPY trade in the low-118 range. The yen has not been at such low levels since Augu...
Euro PMIs Declined Again in November
Nov 20 12:49 GMT, by Danske Bank
The euro flash PMIs continued lower in November, still showing a declining trend in euro-area activity. The composite PMI new orders declined to 49.9 and went below 50 for the first time since June 2...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUD/USD – Now Meeting Resistance At 0.8650
Nov 21 01:54 GMT, by MarketPulse
In the last couple of days the Australian dollar has dropped sharply back through the support level at 0.8650 and is now threatening to remain below this level. It has rallied higher in the last 12 h...
Australia 200 – Falls To One Month Low Below 5300
Nov 21 01:50 GMT, by MarketPulse
Over the last week or so the Australia 200 index has returned some of its recent gains falling from above 5550 down to a one month low below 5300. It has found some support around 5340 which has prop...
The Daily Forecaster: USDJPY
Nov 21 01:38 GMT, by FX-Forecaster
After two days of exceptionally direct gains we should have found an intermediate high at the to of the lower 118.73-96 projection range. The first reversal has been seen and should now see a correct...
USDJPY - Loses Upside Momentum
Nov 21 01:32 GMT, by FXTechstrategy
USDJPY - With USDJPY struggling to hold on to its gains, corrective pullback threats could be building up. On the upside, resistance resides at the 118.97 level followed by the 119.50 level where a b...
CADJPY Blasts Out Of The Atmosphere, Canadian CPI On Tap
Nov 21 01:28 GMT, by Forex.com
One theme we've been consistently highlighting over the last few weeks is policymakers' (and thus traders') increasing focus on inflation reports. With price pressures in many developed markets rapid...
EURUSD: A Tale Of Two Charts
Nov 21 01:27 GMT, by Forex.com
This cross is mostly trading sideways this afternoon even though the US had a trio of positive data releases including a surge in the Philly Fed, stronger than expected existing home sales and an upt...
All Daily Technical Reports >>

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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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