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US Session: Orders and Options Watch
Nov 20 15:11 GMT, by ActionForex.com
EUR: The single currency slipped and bids at 1.2510-20 were filled, however, buy orders are still noted at 1.2500, 1.2465-70 and in good size at 1.2440-45 (stops below), more bids are reported at 1.2420-30 with stops building up below 1.2390, buying interest is noted at 1.2375-80 and 1.2355-60 with more stops placed below barrier at 1.2350. On the...

Technical Outlook

EUR/USD Mid-Day Outlook
The consolidation pattern from 1.2357 is still in progress. Intraday bias in EUR/USD remains neutral for some more side... - Nov 20 13:59 GMT
GBP/USD Mid-Day Outlook
Downside momentum in GBP/USD is unconvincing. But with with 1.5789 support turned resistance intact, deeper decline is ... - Nov 20 13:56 GMT
USD/CHF Mid-Day Outlook
No change in USD/CHF's outlook as the consolidation pattern from 0.9741 is still unfolding. Deeper decline could be see... - Nov 20 13:53 GMT
USD/JPY Mid-Day Outlook
USD/JPY retreats mildly after reaching as high as 118.97 earlier today. With 117.05 minor support intact, intraday bias... - Nov 20 13:51 GMT

Special Reports

Fed Sees Inflation Target within Reach, Impacts of Overseas Slowdown Limited
Nov 20 06:06 GMT
The FOMC minutes for the October meeting suggested that policymakers remained c...
BOE Minutes Showed Splits among Those Favored Keeping Rates Unchanged
Nov 19 13:04 GMT
The BOE minutes for the November meeting showed that the members voted 7-2 to k...
RBA Raised Concerns Over Housing Markets, Both At Home And In China
Nov 18 05:16 GMT
The RBA minutes for the November meeting contained few surprises. Policymakers ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback fell below support at 0.9553 yesterday, as dollar found support at 0.9531 and has rebounded, suggesting co... - Nov 20 15:42 GMT
Trade Idea Wrap-up: GBP/USD - Hold long entered at 1.5640
As cable has rebounded after finding renewed buying interest at 1.5632, retaining our bullishness and further consolidation above... - Nov 20 15:38 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although the single currency retreated after rising to 1.2600 yesterday, as euro has rebounded again after holding above indicate... - Nov 20 15:35 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 117.50
Despite intra-day rally to 118.98, as the greenback has retreated after faltering below 119.00 level, suggesting minor consolidat... - Nov 20 15:30 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency staged the anticipated rebound to 0.8039, our long pos... - Nov 20 09:46 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although recent selloff has continued to put pressure on the single curren... - Nov 20 09:31 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Despite this month's anticipated resumption of medium term downtrend, the ... - Nov 19 08:14 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7940
As the single currency has retreated after rising to 0.8039 yesterday, retaining our view that minor consolidation below previous... - Nov 20 14:44 GMT
Trade Idea: USD/CAD - Hold long entered at 1.1260
Although the greenback has retreated after meeting resistance at 1.1369 earlier today, as long as indicated support at 1.1260 (th... - Nov 20 14:38 GMT
Trade Idea: EUR/JPY - Stand aside
The single currency continued to head north after recent rally and further gain to 149.15-20 and possibly 149.50 would be seen, h... - Nov 20 09:16 GMT
Trade Idea: AUD/USD - Stand aside
Aussie dropped below indicated support at 0.8591, suggesting the rebound from 0.8541 has ended at 0.8796 and retest of this level... - Nov 20 09:09 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
The single currency found good support at 0.7799 and has staged the a... - Nov 20 10:10 GMT
USD/CAD Elliott Wave Analysis
Although the greenback has rebounded after finding support at 1.1260,... - Nov 20 10:00 GMT
EUR/CAD Elliott Wave Analysis
As the single currency has continued to find buying interest around s... - Nov 19 11:22 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Nov 20 12:00 GMT

Action Bias

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

Fundamental Analysis Reports

AUD/USD - Aussie Stabilizes After Sharp Losses
Nov 20 15:40 GMT, by MarketPulse
AUD/USD has steadied on Thursday, as the pair trades just above the 0.86 line. The Aussie slumped on Thursday, losing 100 points. It was a busy day in the US, with a host of key releases. CPI and Cor...
USD/JPY - Surging Dollar Pushes Above 118
Nov 20 13:23 GMT, by MarketPulse
The Japanese yen has stabilized on Thursday, after suffering sharp losses on Wednesday. In the European session, USD/JPY trade in the low-118 range. The yen has not been at such low levels since Augu...
Euro PMIs Declined Again in November
Nov 20 12:49 GMT, by Danske Bank
The euro flash PMIs continued lower in November, still showing a declining trend in euro-area activity. The composite PMI new orders declined to 49.9 and went below 50 for the first time since June 2...
Could Inflation Disrupt the USD's Party?
Nov 20 12:42 GMT, by Forex.com
At 1330 GMT/ 0830 ET the latest US inflation data is scheduled to hit the wires. The market is expecting prices to fall by 0.1% in October, which could push the annual rate down to 1.6% from 1.7%. Th...
EUR Bull Blinded by Flash Numbers
Nov 20 12:38 GMT, by MarketPulse
Fed announcements usually end up having the largest market impact, and yesterday's FOMC October minutes were trying not to be "the" exception. Nevertheless they seem to have failed, ending up be "non...
Gold Steady Ahead of US Consumer Inflation, Jobless Claims
Nov 20 12:37 GMT, by MarketPulse
Gold has posted modest gains on Thursday, recovering losses sustained a day earlier. On the release front, it's a very busy day, with four key indicators - Core CPI, CPI, Unemployment Claims and the ...
All Daily Fundamental Reports >>

Technical Analysis Reports

US CPI Clears Subdued Expectations as USDNOK Bull Flag Nears Support
Nov 20 14:02 GMT, by Forex.com
With global central banks collectively shifting their focus to inflation, or the lack thereof, traders were awaiting today's US CPI release with bated breath. Expectations were very subdued heading i...
FTSE Down as Manufacturing PMIs Disappoint
Nov 20 12:52 GMT, by Forex.com
The FTSE is tracking the major global indices lower. As we go to press, the UK benchmark is down almost 50 points or about 0.7% at 6550 and threatening to break further lower. Sentiment has taken a k...
Forex Technical Analysis
Nov 20 11:51 GMT, by DeltaStock Inc.
Yesterday's precise test at 1.2600 sets the end of the consolidation phase above 1.2357 and the outlook here is negative, for a break through 1.2440 crucial low, en route to 1.2240. Crucial on the up...
The Daily Wave Analysis
Nov 20 10:03 GMT, by Admiral Markets
Yesterday price retraced back to the 50 Fibonacci retracement, which is usually the maximum pullback for a wave 4. The invalidation level of the wave 4 (blue) count is the bottom of wave 1 (blue)
Today's Market Outlook
Nov 20 09:58 GMT, by Windsor Brokers Ltd
The Euro remains steady in the near term and consolidates above 1.25 support, following yesterday’s attempt through bear-trendline off 1.2884 and previous high at 1.2576, which was capped by bull-cha...
USD Index Elliott Wave Analysis: Correction Within Impulse
Nov 20 09:55 GMT, by Elliott Wave Financial Service
USD index has turned back to bullish mode in mid-October, but now again moving sideways after hitting a new high last week. We have seen market pulling down into wave (iv) that can be already done at...
All Daily Technical Reports >>

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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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