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May 24 09:04 GMT

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European Session: Orders and Options Watch
May 24 07:48 GMT, by ActionForex.com
JPY: Although the greenback dropped quite sharply in Tokyo on renewed risk aversion, decent demand emerged just above 101.00 and has limited dollar's downside so far. At the moment, indicated offers remain lined up at 102.00-10, 102.40-60 region and also at 102.75, more sell orders are tipped further out at 103.00 and in very good size at 103.50-6...

Technical Outlook

EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains mildly on the upside for 0.8363 resistance. Break will indicate that whole correction ... - May 24 09:01 GMT
EUR/CHF Daily Outlook
EUR/CHF formed a short term top at 1.2649 and retreated sharply since then. Intraday bias is turned neutral and we'd ex... - May 24 08:58 GMT
AUD/USD Daily Outlook
As long as 0.9842 resistance holds, deeper decline is still expected in AUD/USD towards 0.9588 support. We'd be cautiou... - May 24 07:48 GMT
USD/CAD Daily Outlook
A temporary top is formed at 1.0392 and intraday bias is turned neutral for some consolidations. Downside of retreat sh... - May 24 07:45 GMT

Special Reports

Bernanke's Testimony And FOMC Minutes Intensified Speculations For QE Tapering
May 23 04:12 GMT
Speculations over Fed's tapering of QE heightened after Chairman Bernanke's tes...
Three Out of Nine BOE Members Proposed to Expand the Size of Asset Purchases
May 22 13:29 GMT
The BOE minutes unveiled that all 9 MPC members voted for keeping the Bank rate...
RBA Minutes Signaled Rate Cut Was Needed To Boost Growth
May 21 04:59 GMT
The RBA released minutes for the May monetary policy meeting, explaining the ra...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: USD/CHF - Sell at 0.9760
Dollar's recovery after yesterday's selloff to 0.9634 suggests minor consolidation would be seen and above 0.9715-20 would bring ... - May 24 06:58 GMT
Trade Idea: GBP/USD - Sell at 1.5180
Despite yesterday's initial fall to 1.5014, the subsequent rebound suggests consolidation above this level would be seen and near... - May 24 06:51 GMT
Trade Idea: EUR/USD - Sell at 1.2975
As the single currency has rebounded again after finding support around 1.2904, suggesting near term upside risk remains for the ... - May 24 06:47 GMT
Trade Idea: USD/JPY - Sell at 102.65
Although the greenback retreated sharply from 102.59 to 101.08, as the greenback has rebounded, suggesting further consolidation ... - May 24 06:37 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Despite this week's rise to 133.82, the subsequent retreat suggests minor ... - May 24 05:55 GMT
USD/CAD Candlesticks and Ichimoku Analysis
Despite early fall to 1.0014, the subsequent rally and the break of resist... - May 24 04:49 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Despite falling to 0.8420 late last week, the single currency found good s... - May 23 10:18 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Although the single currency has rebounded after finding support at 129.95, as the sharp retreat from 133.82 to 129.95 suggests a... - May 24 08:23 GMT
Trade Idea: AUD/USD – Turn long at 0.9625
Although aussie has retreated after meeting resistance at 0.9778, if our view that a temporary low is possibly formed at 0.9593 i... - May 24 07:57 GMT
Trade Idea: EUR/GBP - Buy at 0.8520
Although yesterday's rally to 0.8590 suggests low has possibly been formed at 0.8398 earlier last month and consolidation with up... - May 23 14:50 GMT
Trade Idea: USD/CAD - Buy at 1.0260
Although the greenback has retreated after rising to 1.0393 earlier today and minor consolidation below this level would be seen,... - May 23 14:45 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency retreated quite sharply after rising to ... - May 24 08:58 GMT
USD/CHF Elliott Wave Analysis
Despite rising to 0.9839 earlier this week, current retreat suggests ... - May 24 08:48 GMT
EUR/GBP Elliott Wave Analysis
Despite last week's fall to 0.8420, as the single currency found good... - May 23 11:26 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 24 09:55 GMT

Action Bias

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

Fundamental Analysis Reports

Better-Than-Expected Uptick In German Business Confidence In May
May 24 09:00 GMT, by ICN.com
Business confidence in Europe's largest economy unexpectedly improved in May, as German executives and manufacturers see brighter prospects for the second quarter of this year after national output g...
European Shares Pounce After Selloff, German IFO Sentiment Improves Strongly
May 24 09:00 GMT, by ICN.com
European shares kick started Friday's trading session higher, bouncing off its biggest one-day fall in nearly a month, buoyed by German IFO confidence data while talks that central bank liquidity wil...
FX Markets Stable
May 24 08:43 GMT, by Swissquote Bank SA
FX markets remain nervous after yesterday's extensive FX and stock market volatility. Asset market price action over the past two days have principally echoed sudden changes in the possibility of Fed...
Dollar Taking A Breather After Bernanke
May 24 08:17 GMT, by KBC Bank
On Thursday, the dollar came off the highs set after Bernanke's appearance before Congress. EUR/USD showed resilient despite overall market nervousness. USD/JPY is off the recent highs, hit by the se...
Morning Forex Fundamental
May 24 08:08 GMT, by Dukascopy Swiss FX Group
The downturn across the 17-nation economy eased slightly this month, however a dearth of new orders is raising concerns that the economy is likely to contract again. According to London-based Markit ...
German Economic Growth 'Soft' As Euro-Area Recession Drags On
May 24 07:59 GMT, by ICN.com
Germany's economic growth was confirmed to be modest in the first quarter, as the ongoing recession in the euro area continues to drag on Europe's largest economy. Gross Domestic Product rose to a se...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD - Further Declines Envisaged
May 24 08:45 GMT, by FXTechstrategy
AUDUSD - With AUDUSD seen reversing its recovery attempts on Thursday, there is risk of further downside. Support comes in at the 0.9592 level where a break will target the 0.9500 level. Other suppor...
Morning Forex Technical
May 24 08:12 GMT, by Dukascopy Swiss FX Group
Recent decline triggered by speculation that Fed Chairman Ben Bernanke will cut bond-buying programme failed, as he said that it might be too dangerous to tighten monetary easing during current recov...
Foreign Exchange Market Commentary
May 24 08:06 GMT, by HY Markets
The EURO closed higher due to short covering on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are tur...
GBP/USD Firm And Tranquil Around 1.51
May 24 07:57 GMT, by ZIFX.com
On Thursday Pound/Dollar increased with 115 pips. The Cable appreciated from 1.5012 to 1.5129 yesterday, in converse with the negative money flow sentiment at around -12%, closing the day at 1.5105. ...
Technical Analysis for Crosses
May 24 07:48 GMT, by ICN.com
Two days of heavy volatility, as the GBPJPY pair fluctuates sharply. The pair rebounded yesterday towards the broken support near 155.00 level, however resumed the sell-off during the Asian session. ...
Daily FX Report
May 24 06:28 GMT, by Varengold Bank
Sales of new U.S. homes climbed in April to the second-highest level in almost five years as lower borrowing costs and job gains drew more buyers into the market. Purchases rose 2.3 percent to an ann...
All Daily Technical Reports >>

Analysis Report Search

Central Bank Analysis
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Long Term Forecasts

Is the U.K. Economy (Finally) Turning the Corner?
Apr 29 15:48 GMT, by Wells Fargo Securities
Recently released data show that real GDP in the United Kingdom grew 0.3 percent (1.2 percent at an...
Easy Money: Japan's Policy Gamble
Apr 13 04:00 GMT, by Wells Fargo Securities
This report focuses on Japan and considers the domestic implications of the bold fiscal and monetar...
A Bird's Eye View of the Global Economy
Mar 19 16:25 GMT, by TD Bank Financial Group
The global economy grew by an estimated 2.9% in 2012. The euro zone double dip recession, a softer ...
FX Top Trades 2013: How to Position for the Coming Year
Dec 05 14:55 GMT, by Danske Bank
For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2...
Implications for UK & Canada from the Appointment of Mark Carney as BoE Governor
Nov 27 11:51 GMT, by TD Bank Financial Group
Chancellor Osborne announced today that Mark Carney, currently the Governor of the Bank of Canada, ...
All Long Term Forecasts >>
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