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May 21 13:47 GMT
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Mid-Day Report: Euro Recovery Lost Steam, But Stays in Range
May 21 12:59 GMT, by ActionForex.com
Euro's recovery lost some steam today and retreated mildly in European session. Economy of Spain is expected to continue contraction in Q2, as Finance Minister Luis de Guindos noted today. He said that Spain would perform in a relatively similar behavior to the first quarter and GDP could contract by -0.3% qoq rate. Though, de Guindos affirmed t...

Technical Outlook

EUR/USD Mid-Day Outlook
EUR/USD's recovery lost some steam today but another rise could still be seen to 4 hours 55 EMA (now at 1.2840) and abo... - May 21 13:31 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment as consolidation from 1.5731 temporary low continues. Upside of... - May 21 13:28 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the downside for the moment and current fall should extend to 75.56/76.02 support z... - May 21 13:26 GMT
USD/CHF Mid-Day Outlook
Consolidation from 0.9499 is still in progress and deeper retreat could be seen to 4 hours 55 EMA (now at 0.9358) and b... - May 21 13:00 GMT
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Special Reports

China Watch - Wen Reiterates to 'Maintain Growth'
May 21 08:09 GMT
During his field study in Wuhan, capital of China's Hubei province, Premier Wen...
Moody's Downgrade Unveils Insufficiency Of Latest Spanish Banking Reform
May 18 05:09 GMT
Despite further banking reform, Moody's announced to downgrade 16 Spanish banks...
Language Of FOMC Minutes Signaled More Dovish Outlook
May 17 04:17 GMT
The April FOMC minutes indicated that policymakers acknowledged improvements in...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF – Hold long entered at 0.9380
Despite intra-day brief fall to 0.9375, as the greenback has rebounded after holding above indicated previous resistance at 0.937... - May 21 13:01 GMT
Trade Idea Update: GBP/USD – Sell at 1.5930
Despite Friday’s brief fall to 1.5732, the subsequent rebound has retained our view that a minor low is formed there and consolid... - May 21 12:58 GMT
Trade Idea Update: EUR/USD – Hold short entered at 1.2810
Despite intra-day brief rise to 1.2813, as the single currency has retreated after holding below previous support at 1.2814, reta... - May 21 12:49 GMT
Trade Idea Update: USD/JPY – Stand aside
Despite Friday’s resumption of recent decline to 79.01, as the greenback has rebounded this morning after holding above said supp... - May 21 12:46 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency extended recent decline to as low as 1.2642, as euro h... - May 21 08:47 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback has remained under pressure after meeting renewed s... - May 21 08:19 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency has remained under pressure after recent sell... - May 18 08:39 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY – Sell at 102.70
Despite Friday’s selloff to 100.22, as the single currency has staged a strong rebound from there, suggesting consolidation would... - May 21 09:09 GMT
Trade Idea: AUD/USD – Sell at 1.0015
As aussie has recovered after holding above Friday’s low of 0.9794, suggesting consolidation would be seen and recovery to 0.9900... - May 21 09:00 GMT
Trade Idea: EUR/GBP – Sell at 0.8100
As the single currency has staged a strong rebound after falling marginally to 0.7951, suggesting a minor low is possibly formed ... - May 18 14:35 GMT
Trade Idea: USD/CAD – Buy at 1.0000
Although the greenback extended recent rise to as high as 1.0227, as price has retreated from there, suggesting minor consolidati... - May 18 14:24 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback rebounded to 80.56 last week, renewed selling ... - May 21 10:46 GMT
EUR/USD Elliott Wave Analysis
Despite last week’s fall to 1.2642, as the single currency has reboun... - May 21 10:43 GMT
EUR/JPY Elliott Wave Analysis
As the single currency has fallen again after brief recovery, suggest... - May 18 11:09 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 21 13:40 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↓ DN- NE↓ DN↓ DN
USDJPY- NE↓ DN↓ DN- NE
GBPUSD↓ DN- NE↓ DN- NE
USDCHF↑ UP- NE↑ UP↑ UP
USDCAD↑ UP↑ UP↑ UP↑ UP
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Fundamental Analysis Reports

Safe-Haven Dollar
May 21 10:34 GMT, by Swissquote Bank SA
Friday’s trading session was mostly uneventful with all the focus shifted to Facebook’s IPO. Many markets that had been freefalling these last two weeks caught a breather, with gold, silver, and the ...
European Market Update
May 21 10:03 GMT, by Trade The News
Safe-haven plays were again the dominate theme heading into Europe after Far East equity markets slumped between 1-3%. The German 2-year, 5-year, 10-year and 30-year bonds are all at record lows as w...
Market Drivers - Currencies
May 21 08:49 GMT, by Jyske Bank
Over the past couple of weeks, we have seen a couple of important measures in respect of the financial turmoil – measures that we have called for here in the second quarter. We expect that the situat...
Asian Stocks Advance On China's Call For Stronger Growth But Sentiment Still Fragile
May 21 08:24 GMT, by ICN.com
After China's premier called for additional efforts to support growth, Thailand's economy grew firmly in Q1 and world leaders urged Greece to stay in the euro zone, Asian stocks recovered some of las...
Euro Succeeds Short Squeeze
May 21 08:07 GMT, by KBC Bank
On Friday, the decline of the euro halted and EUR/USD succeeded a cautious rebound, even as uncertainty on the EMU debt crisis persisted. Technical considerations will also dominate trading today as ...
Euro Rebounds But Still Under Pressure
May 21 07:33 GMT, by Easy Forex
The euro (EUR) edged higher to 1.2812 rebounding from a four-month low at 1.2641 against the US dollar. The single currency tumbled on Friday on concerns over Greece’s political uncertainty as well a...
All Daily Fundamental Reports >>

Technical Analysis Reports

USD/CHF May Be in Correction Mode After Outside Bar
May 21 12:22 GMT, by FXTimes
The USD/CHF has rallied 13 out of the previous 15 daily sessions in an upswing that broke above a projected trendline and key resistance pivots. The RSI pushed above 70 and showed bullish momentum in...
IMM Positioning - Long USD Positions At Record High
May 21 11:06 GMT, by Danske Bank
Long USD positions at record high: The latest IMM data shows that investors added strongly to short EUR/USD positions last week. Bearish bets against the euro rose to 173,869 contracts from 143,984 a...
USD/JPY Commences The Week With Slight Recovery
May 21 09:49 GMT, by ZIFX.com
On Friday Dollar/Yen continued decreasing with 65 pips. The currency couple depreciated from 79.46 to 79.12 on Friday, matching the negative money flow sentiment at bellow -28%, closing the week at 7...
Forex Technical Analysis
May 21 09:09 GMT, by DeltaStock Inc.
The downtrend from 1.3282 is already over and the pair is in a ranging mode above 1.2640. After today's precise test of 1.2815 I expect a few ranging swings above 1.2740 support, before next leg upwa...
Neutral GBP/USD, And Within 45 Pip Range Today
May 21 07:47 GMT, by ZIFX.com
On Friday Pound/Dollar bounced up, increasing with 100 pips. The Cable appreciated from 1.5731 to 1.5834 on Friday, in converse with the negative money flow sentiment at almost -9%, closing the week ...
Morning Forex Technical
May 21 07:24 GMT, by Dukascopy Swiss FX Group
The currency couple is presently undergoing a bullish correction following its precipitous fall from a downtrend resistance at 1.3252. EUR/USD may attempt to test 1.2903/17, but is unlikely to extend...
All Daily Technical Reports >>

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Long Term Forecasts

Cross Asset Strategy: The Return of the Great Moderation? Not Yet, But...
Mar 16 15:50 GMT, by Danske Bank
Yesterday, S&P500 closed above 1400 for the first time since June 2008. Hence, the US stock mar...
Strong Canadian Dollar Ahead, But Mind the Potholes
Feb 24 16:10 GMT, by TD Bank Financial Group
The Canadian dollar's steady climb since the end of the last recession has put to bed any notion of...
Chinese Dragon To Unshackle Renminbi?
Jan 18 15:32 GMT, by Merk Hard Currency Fund
With the Year of the Dragon around the corner, will the renminbi be unshackled? Will there be a sur...
FX Forecast Update January 2012: Euro Pain - Stocky Gain
Jan 17 15:16 GMT, by Danske Bank
EUR/USD: Eurozone money market rates are expected to fall further and as a result we have opted to ...
U.S. Dollar & Currencies: Review and Outlook
Jan 05 17:22 GMT, by Merk Hard Currency Fund
In 2012, policy makers around the world may be driven by the realization that the theme of 2011 was...
All Long Term Forecasts >>
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