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Nov 28 05:34 GMT

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Daily Report: Weak Japan CPI Sends Nikkei Higher, Yen Lower
Nov 28 03:25 GMT, by ActionForex.com
Nikkei rises in Asian session after a batch of mixed Japanese data while the yen is mildly lower. National CPI core slowed for the third straight month to 2.9% yoy in October, as expected. Adjusted for the April sales tax hike, national CPI core slowed to 0.9% yoy, moved further away from BoJ's target of 2%, and was below 1% level for the first ti...

Technical Outlook

AUD/USD Daily Outlook
No change in AUD/USD's outlook. Recent down trend is still in progress and further decline is expected to 61.8% project... - Nov 28 04:43 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. While bearish divergence condition was seen in daily MACD, the... - Nov 28 04:41 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. More consolidation could be seen. But with 1.2613 resistance i... - Nov 28 04:17 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Corrective recovery from 1.5589 short term bottom might extend... - Nov 28 04:13 GMT

Special Reports

EURCHF And Gold Referendum
Nov 26 11:07 GMT
Voters in Switzerland would vote for 'Save our Swiss Gold' initiative on Novemb...
BOJ Divided Over QQE Expansion, October Minutes Show
Nov 25 06:16 GMT
Japanese yen climbed higher against the US dollar and the euro after the releas...
China Watch: PBOC's Surprising Rate Cuts Signal The Beginning Of Easing Cycle
Nov 24 10:49 GMT
The People's Bank of China (PBOC) cut the benchmark 1-year lending rate by -40b...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9560
Despite dollar's intra-day rebound, reckon the lower Kumo (now at 0.9620) would limit upside and near term downside risk remains ... - Nov 27 15:43 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
As the British pound has retreated sharply after intra-day brief rise to 1.5826, suggesting an intra-day top is possibly formed t... - Nov 27 15:39 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.2445
Although euro retreated after holding below resistance at 1.2532 and consolidation below said resistance would be seen, reckon pu... - Nov 27 15:35 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 117.55
As the greenback has rebounded after finding support at 117.24 (just held above 50% Fibonacci retracement of 115.46-118.98 at 117... - Nov 27 15:29 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has retreated after faltering below resistance at 0... - Nov 27 08:48 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although the single currency continued to trade with a soft tone and near ... - Nov 27 08:22 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie surged again to as high as 102.85 late last week, the subs... - Nov 26 07:58 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
As the single currency has continued to trade defensively after  retreating sharply from 0.8039, suggesting near term downside ri... - Nov 27 15:04 GMT
Trade Idea: USD/CAD - Stand aside
As the greenback has remained confined within narrow range and further sideways trading is in store, near term downside risk is s... - Nov 27 15:00 GMT
Trade Idea: EUR/JPY - Sell at 148.00
Although euro has retreated from 147.42 (yesterday's high), reckon 145.90-00 would limit downside and near term upside risk remai... - Nov 27 09:24 GMT
Trade Idea: AUD/USD - Hold short entered at 0.8600
As aussie has rebounded after falling to 0.8480 yesterday, suggesting consolidation above this level would be seen, however, reck... - Nov 27 09:21 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Despite staging the anticipated rebound to 0.8039, the subsequent ret... - Nov 27 10:39 GMT
USD/CAD Elliott Wave Analysis
Although the greenback slipped after meeting resistance at 1.1369 and... - Nov 27 10:32 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency has continued to trade defensively and d... - Nov 26 10:49 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Nov 28 05:25 GMT

Action Bias

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

Fundamental Analysis Reports

GBP/USD – Pound Slightly Lower In Subdued Trade
Nov 28 03:21 GMT, by MarketPulse
GBP/USD has posted slight losses on Thursday, as the pair trades in the low-1.57 range in the North American session. It’s a very quiet day on the release front, as there are no UK releases. US marke...
USD/CAD – Strong Gains Despite Solid Canadian Data
Nov 28 03:19 GMT, by MarketPulse
USD/CAD has posted gains on Thursday, as the pair is trading at the 1.13 line in the North American session. In Canada, Current Account beat expectations, as the deficit fell to C$ 8.4 billion. US ma...
More Soft Japanese Economic Data Sinks The Yen
Nov 28 03:05 GMT, by Forex.com
USDJPY jumped through 118.00 on the back of soft Japanese economic indicators and falling oil prices that support the case for even more monetary easing from the Bank of Japan in the second half of 2...
EURUSD: Prepping For CPI
Nov 28 03:03 GMT, by Forex.com
The bond market seems to be pricing in the prospect of QE from the European Central Bank in the coming months after a weaker than expected reading of German CPI. Spanish and Italian yields have falle...
US Dollar Bounced On Turkey Day While Oil Plummeted
Nov 28 02:51 GMT, by Vantage FX
The trading was relatively light in the American session as US market celebrated Thanksgiving. However, we still saw some movements as Dollar strengthened on the first day this week while commodities...
USD/JPY - Calm Ahead of Japanese Inflation Data
Nov 27 14:13 GMT, by MarketPulse
USD/JPY is stable on Thursday, as the pair trades in the mid-117 range. On the release front, US markets are closed for the Thanksgiving holiday, so traders can expect light trading during the North ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Nov 28 04:12 GMT, by HY Markets
THE EURO closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI have turned neutral to bullish h...
Market Morning Briefing
Nov 28 03:45 GMT, by Kshitij Consultancy Services
We are changing the stance on Aussie-Dollar (0.8507) and now consider that this is probably not in range as expected few days back. The lower commodity prices, with Crude oil leading lower, will adve...
Daily Technical Analysis
Nov 28 03:26 GMT, by FX Instructor
The EURUSD failed to continue its bullish correction yesterday and hit 1.2448 earlier today. Once again, the upper line of the bearish channel proven to be a strong/valid resistance which keeps the b...
The Daily Forecaster: AUDUSD
Nov 28 03:13 GMT, by FX-Forecaster
Price took the alternative route of a direct move down to the 0.8458-73 area. From there it rallied to 0.8614 which appears to have completed the correction and therefore we should be in a decline th...
EURJPY - Corrective Pullback Risk Remains Intact
Nov 28 03:08 GMT, by FXTechstrategy
EURJPY - Despite its two days of price hesitation, our bias on the cross remains lower on correction. On the downside, support comes in at the 146.00 level where a break will aim at the 145.00 level....
Crude Oil Drops As OPEC Decides Against Cutting Production Quota
Nov 28 03:01 GMT, by Forex.com
So, as we had expected the OPEC decided against trimming it is production quota of 30 million barrels of oil per day and prices have unsurprisingly extended their falls as a result. The Brent contrac...
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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