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Oct 02 16:29 GMT

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US Session: Orders and Options Watch
Oct 02 14:47 GMT, by ActionForex.com
EUR: The single currency rebounded in European session and offers at 1.2650-60, 1.2675 and 1.2680-85 were filled but more sell orders are reported at 1.2700-10, 1.2725-35 and 1.2750, selling interest is expected to emerge at 1.2775-85 and 1.2800. On the downside, bids remain at 1.2600, 1.2580-90 and 1.2565, buy orders in good size are tipped at 1....

Technical Outlook

GBP/USD Mid-Day Outlook
At this point, deeper fall is still expected in GBP/USD with 1.6341 minor resistance intact. Break of 1.6051 will resum... - Oct 02 14:03 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for consolidation below 0.9596. Considering bearish divergence condition in 4 ... - Oct 02 14:01 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY is mildly on the downside for the moment. A short term top should be in place at 110.08 after ... - Oct 02 14:00 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for consolidation above 1.2570 temporary low. Considering bullish convergence ... - Oct 02 13:52 GMT

Special Reports

The Week Ahead: Details about ECB's ABS Purchases Expected
Sep 29 13:49 GMT
The focus of this week is ECB meeting due Thursday and US' employment report du...
Japanese Yen May Weaken Further Should BOJ Extend Monetary Base
Sep 25 12:16 GMT
Japanese yen resumed weakness after a briefly rebound against the US dollar aft...
China To Continue To Add Stimulus Despite Finance Minister's Hawkish Comments
Sep 23 09:30 GMT
Comments that Chinese Finance Minister Lou Jiwei made at the G20 meeting damped...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9490
Dollar's retreat after holding below indicated resistance at 0.9597 (this week's high) has retained our view that further consoli... - Oct 02 15:56 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although the British pound has remained under pressure after breaking below indicated support at 1.6162 and near term downside ri... - Oct 02 15:52 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2715
Euro's intra-day rebound has retained our view that further consolidation would be seen and corrective bounce to 1.2697-1.2702 (3... - Oct 02 15:43 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has remained under pressure after dropping sharply from this week's high of 110.09, adding credence to ou r view... - Oct 02 15:38 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP - Candlesticks and Ichimoku Analysis
As the single currency has recovered after falling to 0.7766 earlier this ... - Oct 02 09:31 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
Although the single currency recovered after holding above support at 1.20... - Oct 02 09:04 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Kiwi's decline has accelerated in the past two weeks and pscyhological sup... - Oct 01 07:32 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite yesterday's resumption of decline to 0.7766, current rebound suggests a temporary low is possibly formed and consolidatio... - Oct 02 15:03 GMT
Trade Idea: USD/CAD - Hold long entered at 1.1095
Although the greenback slipped earlier today to as low as 1.1072, as renewed buying interest emerged there and has rebounded, ret... - Oct 02 14:56 GMT
Trade Idea: EUR/JPY - Sell at 138.00
The single currency has fallen again after meeting renewed selling interest at 138.80 yesterday, suggesting the a-b-c rebound fro... - Oct 02 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.8895
Despite yesterday's marginal fall to 0.8663, as the Australian dollar found support there and has rebounded since, suggesting min... - Oct 02 08:47 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Despite falling to 0.7766 earlier this week, as the single currency h... - Oct 02 09:53 GMT
USD/CAD Elliott Wave Analysis
Despite this week's rise to 1.1223, as the greenback has retreated af... - Oct 02 09:45 GMT
EUR/CAD Elliott Wave Analysis
The single currency dropped again after meeting renewed selling inter... - Oct 01 10:47 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 02 16:20 GMT

Action Bias

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

Fundamental Analysis Reports

ECB: Did Draghi Put a Floor Under EURUSD?
Oct 02 16:09 GMT, by Forex.com
The ECB meeting for October was notable for a few reasons, firstly it disclosed details of the Asset Backed Securities (ABS) purchase programme, basically the ECB's version of QE- lite, secondly, Dra...
USD/CAD - Volatile After Strong Unemployment Claims
Oct 02 15:23 GMT, by MarketPulse
On Thursday, USD/CAD showed strong movement, dropping sharply but then recovering. In the North American session, the pair is trading in the mid-1.11 range. US Unemployment Claims looked solid, dropp...
AUD/USD - Slight Gains on Strong Aussie Data
Oct 02 14:53 GMT, by MarketPulse
The Australian dollar has posted modest gains on Thursday, as AUD/USD is trading in the high-0.87 range. In today's releases, Australian Building Approvals posted a gain of 3.0% and the trade deficit...
ECB: Details of ABS and Covered Bond Purchase Programs
Oct 02 14:15 GMT, by MarketPulse
The Governing Council of the European Central Bank (ECB) today agreed key details regarding the operation of its new programs to buy simple and transparent asset-backed securities (ABSs) and a broad ...
USD/JPY - Steady as Unemployment Claims Dip
Oct 02 14:05 GMT, by MarketPulse
The Japanese yen is flirting with the 110 line on Wednesday, as the Japanese currency remains under pressure. USD/JPY is currently at its highest level since August 2008, as the dollar is showing no ...
US Initial Jobless Claims Unexpectedly Fell in the Week Ending September 27
Oct 02 13:29 GMT, by RBC Financial Group
US initial claims fell by 8,000 to 287,000 in the week ending September 27, 2014 and followed an upwardly revised 295,000 reading (was 293,000) in the previous week. The latest reading was below mark...
All Daily Fundamental Reports >>

Technical Analysis Reports

S&P 500 Uptrend Not Threatened (Yet), Current Dip Resembles April and August Pullbacks
Oct 02 14:51 GMT, by Forex.com
As my colleague Fawad Razaqzada noted earlier today, the FTSE and other European stock indices are stabilizing today after yesterday's collapse on the back of weak US Manufacturing data and profit-ta...
FTSE Approaching Key Levels as Traders Look Forward to ECB, NFP
Oct 02 11:56 GMT, by Forex.com
The UK's FTSE and other European indices are so far relatively stable compared to yesterday when the global markets tanked during New York hours which put considerable pressure on the S&P 500 and...
Technical Analysis for Major Currencies
Oct 02 09:55 GMT, by ICN.com
We notice on the minor graph that the pair rebounded to the upside yesterday from levels around 113% correction at 1.2580, as we referred earlier to the importance of breaking the latter to confirm e...
Technical Analysis for Crosses
Oct 02 09:55 GMT, by ICN.com
The pair dropped yesterday and is currently fluctuating around 38.2% correction that forms a good support at 176.35 and protects the positive scenario suggested in our latest reports, keeping the ove...
Forex Technical Analysis
Oct 02 09:15 GMT, by DeltaStock Inc.
Current rebound above 1.2570 low comes from a higher time-frame and will aim to correct the whole slide from 1.2900. The outlook on the senior frames remains bearish and although there is an intraday...
Today's Market Outlook
Oct 02 08:56 GMT, by Windsor Brokers Ltd
The Euro remains bearish overall, with near-term consolidative phase above fresh low at 1.2569 under way. The pair failed for the second day to close below psychological 1.26 level, which, along with...
All Daily Technical Reports >>

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Central Bank Analysis
Economic Data Reviews
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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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