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Nov 27 10:27 GMT

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European Session: Orders and Options Watch
Nov 27 09:22 GMT, by ActionForex.com
EUR: The single currency met resistance at 1.2524 and has retreated in European morning in part due to the release of soft German job data, however, bids are still seen at 1.2470-75, 1.2450-60 and in good size at 1.2410-20 with stops building up below 1.2400, more buy orders are expected at 1.2370-75 and 1.2355-60 with stops placed below barrier a...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. More consolidation could be seen. But with 1.2613 resistance i... - Nov 27 09:21 GMT
GBP/USD Daily Outlook
A short term bottom is likely formed at 1.5589 on bullish convergence condition in daily MACD. Further recovery would b... - Nov 27 09:19 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for the moment. The consolidation from 0.9741 might still extend. Below 0.9529... - Nov 27 09:15 GMT
USD/JPY Daily Outlook
As noted before, USD/JPY is close to 120 key cluster level around 120. That includes 161.8% projection of 101.08 to 110... - Nov 27 09:13 GMT

Special Reports

EURCHF And Gold Referendum
Nov 26 11:07 GMT
Voters in Switzerland would vote for 'Save our Swiss Gold' initiative on Novemb...
BOJ Divided Over QQE Expansion, October Minutes Show
Nov 25 06:16 GMT
Japanese yen climbed higher against the US dollar and the euro after the releas...
China Watch: PBOC's Surprising Rate Cuts Signal The Beginning Of Easing Cycle
Nov 24 10:49 GMT
The People's Bank of China (PBOC) cut the benchmark 1-year lending rate by -40b...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9560
Altholugh the greenback has remained under pressure and near term downside risk remains for the fall from 0.9731 (this week's hig... - Nov 27 08:04 GMT
Trade Idea: GBP/USD - Buy at 1.5755
As the British pound has risen again after brief pullback, adding credence to our bullish view that temporary low has been formed... - Nov 27 07:57 GMT
Trade Idea: EUR/USD - Buy at 1.2455
As the single currency has continued to trade with a firm undertone, suggesting the rise from 1.2359 (this week's low) is still i... - Nov 27 07:51 GMT
Trade Idea: USD/JPY - Buy at 116.85
As the greenback has fallen again after brief recovery, retaining our view that near term downside risk remains for the fall from... - Nov 27 07:47 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has retreated after faltering below resistance at 0... - Nov 27 08:48 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although the single currency continued to trade with a soft tone and near ... - Nov 27 08:22 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie surged again to as high as 102.85 late last week, the subs... - Nov 26 07:58 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 148.00
Although euro has retreated from 147.42 (yesterday's high), reckon 145.90-00 would limit downside and near term upside risk remai... - Nov 27 09:24 GMT
Trade Idea: AUD/USD - Hold short entered at 0.8600
As aussie has rebounded after falling to 0.8480 yesterday, suggesting consolidation above this level would be seen, however, reck... - Nov 27 09:21 GMT
Trade Idea: EUR/GBP - Stand aside
As the single currency has slipped again after meeting resistance at 0.7950 earlier today, suggesting near term downside risk rem... - Nov 26 15:16 GMT
Trade Idea: USD/CAD - Stand aside
As the greenback has retreated after faltering below yesterday's high of 1.1317, suggesting near term downside risk remains for t... - Nov 26 15:10 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CHF Elliott Wave Analysis
Although the single currency has continued to trade defensively and d... - Nov 26 10:49 GMT
AUD/USD Elliott Wave Analysis
Aussie met renewed selling interest at 0.8723 last week and slipped a... - Nov 26 10:25 GMT
GBP/USD Elliott Wave Analysis
The British pound has remained under pressure after falling marginall... - Nov 25 11:15 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Nov 27 10:20 GMT

Action Bias

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

Fundamental Analysis Reports

Stronger Australia CAPEX
Nov 27 10:06 GMT, by Swissquote Bank SA
Forex markets were quiet in the Asian session as the US Thanksgiving Holidays have slow trading activity. Asian regional equities indices were mixed as the Nikkei was down 1.1% while the Shanghai com...
ECB Is Set To Buy Government Bonds In Q1, Says ECB Vice President
Nov 27 09:14 GMT, by Dukascopy Swiss FX Group
European Central Bank Vice President Vitor Constancio said that the central bank is set to purchase government bonds early next year should policy makers ponder that more decisive measures are needed...
Mixed Data Out Of US, As Jobless Claims Rise Above 300K, Inflation Climbs, While Durable Orders Fall
Nov 27 09:13 GMT, by Dukascopy Swiss FX Group
For the first time since early September initial unemployment claims broke above the 300,000 threshold, rising to a seasonally adjusted 313,000 in the week ended November 22, but the underlying trend...
Consumer Spending Supports UK Growth, While Exports, Investment Decline
Nov 27 09:10 GMT, by Dukascopy Swiss FX Group
The British economy continues to rely on domestic spending, which drove the nation's economic output to a seventh consecutive quarter of expansion. Household spending climbed 0.8% in the three months...
Yen Set To Stop Its Plunge, BoJ's Shirai Support Latest Measures
Nov 27 09:07 GMT, by Dukascopy Swiss FX Group
After plunging 14% since mid-year, the Japanese Yen's drop is about to stop, the former Minister of Finance Eisuke Sakakibara said. He believes that the nation's currency is unlikely to hit its low o...
Kiwi Economy To Average 2.5% Over Next Five Years, NZIER Says
Nov 27 09:05 GMT, by Dukascopy Swiss FX Group
The New Zealand economy continues to grow, but the growth pace is moderating, the New Zealand of Economic Research said. The nation's economy is running at a solid pace, generating employment and inc...
All Daily Fundamental Reports >>

Technical Analysis Reports

Technical Analysis for Crosses
Nov 27 09:54 GMT, by ICN.com
The pair traded positively yesterday touching the recent top recorded close to 186.10, but rebounded to the downside to show a slight bearish bias and is fluctuating now around 185.30 waiting to get ...
Technical Analysis for Major Currencies
Nov 27 09:53 GMT, by ICN.com
The pair moved to the upside and breached 1.2500, as stability above the referred to level favors extending the upside move targeting 1.2565 and 1.2620. Trading above 1.2490 is positive, while breaki...
EUR/USD Approaches Weekly R1
Nov 27 09:35 GMT, by Dukascopy Swiss FX Group
On Wednesday, the EUR/USD currency pair gained value for a third day in a row, as the single currency reached the weekly R1 at 1.2532. However, this level together with the long-term downtrend line s...
GBP/USD Rises Up To 1.58
Nov 27 09:34 GMT, by Dukascopy Swiss FX Group
Similar to the EUR/USD cross, the Cable reflected the yesterday's weakness of the US dollar and moved to the north. The pair crossed the 1.58 major and neared the weekly R2 four pips higher. At the s...
USD/JPY's Decline Stopped By Monthly R2
Nov 27 09:32 GMT, by Dukascopy Swiss FX Group
It seems that the USD/JPY currency pair decided to start moving away from the 118 major level, around which it hovered for past five days. As the decision was taken in favour of US dollar's decline, ...
USD/CHF Fell Below 0.96
Nov 27 09:31 GMT, by Dukascopy Swiss FX Group
After a decline below the weekly pivot point at 0.9645, the USD/CHF pair made an attempt to return back above this resistance level. However, it failed to so successfully and dropped even more. For s...
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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