Oct 07 04:11 GMT


Forex Expos

Action Insight

Daily Report: IMF Downgraded Global Growth Forecast, Dollar and Yen Soft
Oct 07 03:09 GMT, by
US equities closed mixed overnight as this week's strong rebound is starting to lose momentum. DJIA closed 13.76 pts, or 0.08%, higher at 16790.19. S&P 500 dropped -7.13 pts or -0.36% to close at 1979.92. Note that both are starting to face some resistance 55 days EMA, at 16790 and 1992.1 respectively. And there is risk of a deeper pull back t...

Technical Outlook

USD/JPY Daily Outlook
The sideway consolidation continues in USD/JPY as it stays bounded in range of 118.58/121.62. On the upside, break of 1... - Oct 07 03:11 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. Risk remains on the downside with 1.1459 resistance intact. Be... - Oct 07 03:03 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Recovery from 1.5106 could extend to 55 days EMA (now at 1.538... - Oct 07 03:00 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for the moment and overall outlook is unchanged. Recent price actions are view... - Oct 07 02:56 GMT

Special Reports

RBA Left Rate Unchanged, More Confident Over Domestic Developments
Oct 06 06:35 GMT
As expected, the RBA kept the cash rate unchanged at 2.00% in October. The acco...
China's Manufacturing Activities Improved Modestly, But Stayed In Contraction, In September
Oct 01 07:49 GMT
China's official estimate of manufacturing PMI beat expectations, adding +0.1 p...
Tankan Survey Shows Weaker Confidence for the Future
Oct 01 07:19 GMT
Bank of Japan's Tankan survey for 3Q15 shows that large manufacturers were less...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter

Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Dollar's intra-day fall has gathered momentum in part due to soft US data and the breach of support at 0.9786 suggests the reboun... - Oct 06 15:45 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.5180
As the British pound has rebounded after holding above support at 1.5137 (yesterday's low), suggesting further consolidation woul... - Oct 06 15:35 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
The single currency has staged a strong rebound in US morning on dollar's broad-based weakness and gain to 1.1290 resistance cann... - Oct 06 15:31 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 119.60
As dollar has eased after rising to 120.57 earlier today, suggesting minor consolidation below this level would be seen and pullb... - Oct 06 15:26 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound found support at 1.5107 last week and consolidation abov... - Oct 06 09:08 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback slipped again on Friday from 0.9795 to as low as 0.... - Oct 06 08:57 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded quite strongly late last week to 1.... - Oct 05 09:06 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency traded narrowly after rising to 0.7443 late last week, retaining our view that further consolidation below th... - Oct 06 14:38 GMT
Trade Idea: USD/CAD - Stand aside
Recent retreat from 1.3457 top has kept the greenback under pressure, suggesting top has possibly been formed there (tentatively ... - Oct 06 14:35 GMT
Trade Idea: EUR/JPY - Stand aside
Despite yesterday's brief rise to 135.72, lack of follow through buying and the subsequent retreat suggest consolidation would be... - Oct 06 09:32 GMT
Trade Idea: AUD/USD - Sell at 0.7170
As aussie has continued to move higher after staging a strong rebound from 0.6937, suggesting near term upside risk remains for g... - Oct 06 09:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
As the British pound has remained under pressure after recent selloff... - Oct 06 10:29 GMT
GBP/CHF Elliott Wave Analysis
Sterling continued to meet selling interest around 1.5119 last month ... - Oct 06 10:24 GMT
EUR/USD Elliott Wave Analysis
The single currency found good support at 1.1135 last week and has re... - Oct 05 10:33 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 07 04:05 GMT

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Fundamental Analysis Reports

RBA Unmoved And US Trade Balance Blows
Oct 07 02:37 GMT, by Vantage FX
Yesterday's Reserve Bank meeting, while largely uneventful in terms of systematic changes in policy or direction, did have quite the effect on price with the Aussie Dollar putting in a solid 100 pip ...
Bank of Japan Under Pressure to Add Stimulus
Oct 06 15:00 GMT, by MarketPulse
The Bank of Japan (BoJ) shocked markets a year ago when it announced additional stimulus on Halloween day. A year has gone by and Prime Minister Shinzo Abe's lofty goal of 2 percent inflation remains...
Central Brank "Pretend and Extend" Intact
Oct 06 14:16 GMT, by MarketPulse
October continues its positive trend: Friday's disappointing non-farm payroll (NFP) report has the market repricing the Fed's first-rate liftoff in a decade (October +5%, December +28% and dropping f...
US Trade Deficit Widened as Expected in August
Oct 06 14:14 GMT, by RBC Financial Group
The US trade deficit widened to $48.3 billion in August 2015 from a revised $41.8 billion shortfall in July (previously reported as $41.9 billion). The August deficit was only slightly larger than ma...
Canada's August Merchandise Rrade Deteriorates
Oct 06 14:12 GMT, by RBC Financial Group
The August 2015 nominal merchandise trade deficit deteriorated more than expected to $2.5 billion from a revised $0.8 billion ($0.6 billion previously) in July. Market expectations had been for modes...
Swiss CPI, UK Slowdown
Oct 06 10:19 GMT, by Swissquote Bank SA
There is a general feeling that the global slowdown is gaining momentum. Weak data (including manufacturing and trade) from the US, UK and EU and uncertainty from Asia indicates a period of subdued e...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD - Recovers Higher, Sets Up To Extend Strength
Oct 07 03:40 GMT, by FXTechstrategy
AUDUSD - The pair rallied strongly on Tuesday leaving risk of more strength on the cards. This is coming on the back of its recent corrective recovery offensive triggered from the 0.6936 level, its S...
Market Morning Briefing
Oct 07 03:39 GMT, by Kshitij Consultancy Services
Euro (1.1267) is trading higher today and may continue to remain choppy in the near term within 1.11-1.13. No clarity on further direction can be estimated unless a break on either side of the zone i...
Daily Technical Analysis
Oct 07 02:44 GMT, by FX Instructor
The EURUSD had a bullish momentum yesterday topped at 1.1278. The bias is bullish in nearest term testing 1.1300 area. A clear break above that area and the triangle formation could trigger further b...
EURUSD - Broader Outlook Lower Below The 1.1288/1.1318 Zone
Oct 07 02:41 GMT, by FXTechstrategy
EURUSD - With EUR taking back all of its intra day gains to close lower on Monday, further weakness is now envisaged. Despite its current price hesitation, its broader outlook remains lower as long a...
AUD/NZD: Bounce Potential Off 1.0900 Support
Oct 07 02:39 GMT, by
As we noted earlier today, the Australian dollar is edging higher on the slightly less-dovish-than-expected RBA statement, driving AUD/USD into resistance in the mid-.7100s. As you would expect thoug...
Crude Oil on the Verge of a Big Breakout
Oct 06 15:22 GMT, by
Both crude oil contracts are up for the third consecutive day, with Brent currently trading above the psychologically-important and key resistance level of $50 and WTI above $47 a barrel. Oil prices ...
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...
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