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Oct 20 09:43 GMT

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European Session: Orders and Options Watch
Oct 20 08:40 GMT, by ActionForex.com
EUR: The single currency remained confined in choppy range and further consolidation is in store, offers are noted at 1.2775, 1.2800-05 and 1.2820-25, more sell orders are reported at 1.2850 and 1.2880-90, mixture of offers and stops is located at 1.2900. On the downside, bids are seen at 1.2725-35, 1.2700 and 1.2675-80, more buy orders are tipped...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium ter... - Oct 20 03:35 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Prior break of 135.50 support was taken as an indication of me... - Oct 20 03:29 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment and some consolidations could be seen. At this point, we're fav... - Oct 20 03:23 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD is neutral for the moment. With 1.4441 minor support intact, further rise is still expected in... - Oct 20 03:20 GMT

Special Reports

Fed's Beige Book Described US Growth As 'Modest to Moderate'
Oct 16 05:38 GMT
The Beige Book prepared by the Minneapolis Fed, covering the period before Octo...
Weakness In Inflation Should Prompt PBOC To Add Stimulus
Oct 15 07:43 GMT
Headline CPI in China decelerated to +1.6% y/y in September from +2% in the pri...
September Minutes: Members Argued About 'Considerable Time' Reference
Oct 09 03:34 GMT
The FOMC minutes for the September meeting unveiled little news about the centr...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Sell at 0.9475
Although the greenback tumbled to 0.9360 last week, the subsequent rebound suggests initial choppy trading would be seen, however... - Oct 20 07:49 GMT
Trade Idea: GBP/USD - Buy at 1.6000
Although the British pound fell marginally to 1.5865 late last week, the subsequent strong rebound suggests a temporary has been ... - Oct 20 07:38 GMT
Trade Idea: EUR/USD - Stand aside
Although the single currency staged a much stronger-than-expected rebound late last week to 1.2887, the subsequent retreat to 1.2... - Oct 20 07:28 GMT
Trade Idea: USD/JPY - Buy at 106.55
Although the greenback resumed recent decline to dropped to as low as 105.20, the subsequent rebound suggest low has possibly bee... - Oct 20 07:17 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback met renewed selling interest at 107.50 and dropped ... - Oct 20 09:32 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did rebound to 1.6227 (just missed our target a... - Oct 14 08:11 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Last week's retreat to 0.9469 adds credence to our view that a temporary t... - Oct 14 08:08 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Exit short entered at 136.90
Despite last week's resumption of decline to 134.14, the subsequent strong rebound suggest low has possibly been formed there and... - Oct 20 08:52 GMT
Trade Idea: AUD/USD - Sell at 0.8835
As aussie rebounded after holding above this month's low at 0.8643, suggesting further consolidation would be seen and recovery t... - Oct 20 08:45 GMT
Trade Idea: EUR/GBP - Buy at 0.7860
As euro's rebound from 0.7766 has gathered momentum and broke above indicated level of 0.7915, adding credence to our view that t... - Oct 14 14:41 GMT
Trade Idea: USD/CAD - Buy at 1.1100
The strong rebound after finding renewed buying interest at 1.1082 suggests the pullback from 1.1270 (this month's high) has poss... - Oct 14 14:35 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Despite recovering to 1.6227 last week, as the British pound met rene... - Oct 14 10:46 GMT
GBP/JPY Elliott Wave Analysis
Despite resuming recent upmove to 180.70, the subsequent reversal sug... - Oct 14 10:38 GMT
USD/JPY Elliott Wave Analysis
Despite last week's initial firmness, as the greenback has retreated ... - Oct 13 10:01 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 20 09:35 GMT

Action Bias

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

Fundamental Analysis Reports

EUR/USD – Limited Movement On Tepid Euro Numbers
Oct 20 09:37 GMT, by MarketPulse
EUR/USD has started the week quietly, as the pair trades in the mid-1.27 range in Monday's European session. In economic news, German PPI came in at 0.0%, while Eurozone Current Account posted a surp...
What To Watch: GBPUSD Rollercoaster Set To Continue
Oct 20 09:20 GMT, by ForexTime
Following an explosive couple of weeks where the Cable has continually alternated between bullish and bearish swings, the GBPUSD has already commenced Monday's European session by slipping back below...
Ruble Hits New Record Low As Moody's Downgrade Russian Economy
Oct 20 08:30 GMT, by Easy Forex
The euro (EUR) rebounded up to 1.2836 where it formed its resistance before dropping back to 1.2735 against the US dollar (USD). The single currency swing between losses and gains as the European Lea...
Daily FX Analysis
Oct 20 08:29 GMT, by Investica
The latest US housing starts data met markets expectations with an increase to an annualised 1.02mn for September from 0.96mn previously while permits were also at 1.02mn. The University of Michigan ...
USD Profit-Taking Intensifies
Oct 20 08:14 GMT, by ForexTime
For months, the European Central Bank (ECB) and its President Mario Draghi have been calling for a weaker Euro exchange rate. A combination of the ECB adding more stimulus to reinvigorate the EU econ...
Eurostat Revises Q1 And Q2 Growth Data, Weidmann Continues Opposing To ECB's ABS Plan
Oct 20 08:03 GMT, by Dukascopy Swiss FX Group
Eurostat, the European Union's statistics office, revised the Euro zone's Q1 and Q2 growth, as it started to use new statistical methodology. Gross domestic product grew 0.3% and 0.1% in the beginnin...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD Elliott Wave Analysis: Weaknesss In Play
Oct 20 09:39 GMT, by Elliott Wave Financial Service
AUDUSD has been falling hard for the last couple of months from 0.9400, a move that is a considered as an extended wave 3 because of big and fast move. As such, we believe that pair is in impulsive d...
Forex Technical Analysis
Oct 20 09:28 GMT, by DeltaStock Inc.
The consolidation pattern below 1.2885 requires one more upswing above 1.2705 support zone, for another test of 1.2900 area, before drowning towards 1.2500 lows. Initial intraday support lies at 1.27...
IMM Positioning: Speculators Add To Record USD Bullish Bets
Oct 20 09:14 GMT, by Danske Bank
The latest IMM data covers the week from 7 October to 14 October 2014. Note: when reading this week's IMM Positioning, please take into account the significant sell-offs and market movements experien...
Technical Analysis for Major Currencies
Oct 20 09:04 GMT, by ICN.com
By examening the above graph, we notice that the pair failed to remain stable above 23.6% correction at 1.2780. Therefore, the bullish wave weakened and the pair went to trade again in a relatively t...
Technical Analysis for Crosses
Oct 20 09:04 GMT, by ICN.com
The pair breached 172.00 and stabilized above it completing a bullish harmonic pattern showing above, this pattern is a positive catalyst that support extending the bullish bias in the coming days ta...
Today's Market Outlook
Oct 20 08:28 GMT, by Windsor Brokers Ltd
The Euro remains in near-term sideways mode, trading within 1.2700/1.2840 consolidative range, after last week's strong acceleration higher spiked at 1.2884. Friday's attempts at range tops were unsu...
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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