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May 20 08:52 GMT

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European Session: Orders and Options Watch
May 20 08:31 GMT, by ActionForex.com
EUR: The single currency finally recovered after resuming recent decline to as low as 1.2796 on Friday as traders covered their short positions, decent demand from Asian CBs are reported from 1.2820 down to 1.2800 with some stops placed below 1.2780-90, more buying interest from Asian sovereign names is tipped at 1.2770-75 and 1.2750 (option barri...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for the moment and fall from 1.3242 is still in progress for 1.2746 su... - May 20 05:11 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for the moment. As noted before, corrective rebound from 1.4830 has co... - May 20 05:09 GMT
USD/CHF Daily Outlook
Further rise is still expected with 0.9578 minor support intact. Sustained trading above 100% projection of 0.9021 to 0... - May 20 05:07 GMT
USD/JPY Daily Outlook
USD/JPY loses some momentum and dips sharply today and further rise is still in favor with 101.82 minor support intact.... - May 20 05:04 GMT

Special Reports

BOE Stands on the Sideline, Awaiting Carney
May 09 13:20 GMT
The BOE refrained from adding further stimulus at the May meeting, i.e. leaving...
RBA Cut Rate To Record Low
May 07 05:49 GMT
The RBA cut the cash rate by -25 bps to 2.75% in May citing that domestic growt...
ECB Cuts Policy Rate to 0.5%, Hints for Negative Deposit Rate
May 02 16:59 GMT
The ECB cut the main refinancing rate by -25 bps to 0.5% in May, in response to...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: USD/CHF - Buy again at 0.9585
Despite Friday's anticipated resumption of recent upmove, lack of follow through buying and the several spikes formed on the hour... - May 20 07:31 GMT
Trade Idea: GBP/USD - Look to sell higher
Although cable resumed recent decline last Friday and fell to as low as 1.5158, loss of downward momentum should prevent sharp fa... - May 20 07:20 GMT
Trade Idea: EUR/USD - Stand aside
Despite Friday's resumption of decline to 1.2796, the subsequent rebound suggests consolidation above this level would be seen an... - May 20 07:16 GMT
Trade Idea: USD/JPY - Stand aside
Despite Friday's resumption of recent upmove to 103.31, the subsequent retreat from there to 102.00 (intra-day low) suggests a mi... - May 20 07:11 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
This week's resumption of recent upmove to 132.78 adds credence to our bul... - May 17 10:00 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the rebound from 1.0014 turned out to be stronger than expected and the... - May 17 09:47 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Despite this week's brief bounce to 0.8516, as the single currency met ren... - May 16 09:40 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.8465
Euro's retreat after this week's brief rebound to 0.8516 suggests top is possibly formed there and consolidation with downside bi... - May 17 14:50 GMT
Trade Idea: USD/CAD - Target met and buy again at 1.0230
Current anticipated rally (our long position entered at 1.0100 met target at 1.0250 with 150 points profit) adds credence to our ... - May 17 14:47 GMT
Trade Idea: EUR/JPY - Buy at 130.45
Euro's near term sideways trading is likely to continue and as long as resistance at 132.78 (this week's high) holds, risk of ano... - May 17 09:16 GMT
Trade Idea: AUD/USD – Sell at 0.9880
As aussie has remained under pressure, suggesting recent decline is still in progress and weakness 0.9700 and possibly towards pr... - May 17 09:12 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has maintained a firm undertone this week after r... - May 17 11:05 GMT
USD/CHF Elliott Wave Analysis
The greenback surged as suggested in our previous update, adding cred... - May 17 10:57 GMT
EUR/GBP Elliott Wave Analysis
As the single currency has retreated after this week's brief bounce t... - May 16 10:45 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 20 09:45 GMT

Action Bias

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

Fundamental Analysis Reports

Morning Forex Fundamental
May 20 08:33 GMT, by Dukascopy Swiss FX Group
As the European Central Bank is set to take centre stage as the region's chief banking supervisor, banks across the Eurozone are going to face tough regulatory scrutiny of their balance sheets. On Th...
Weidmann Warns France Of Falling Behind Deficit Goals
May 20 08:16 GMT, by ICN.com
Germany's Federal Reserve Bundesbank President, Jens Weidmann, called France to take deficit cut rules more seriously to shave budget deficits, signaling it has 'special' obligations in the euro area...
Amari Comments Scare JPY Bears
May 20 07:50 GMT, by Swissquote Bank SA
Risk-on was the primary theme at the start of this week’s trading, as regional Asian indices were green across the board. The Nikkei was up 1.47%, Shanghai 0.88% and the Hang Sang climbed 1.59% follo...
Asia Session: The Aussie
May 20 06:15 GMT, by Forex.com
AUDUSD's break of the trading range which kept it hostage since August 2012 was quick but not painless. A market wide flood to the USD sent long aussie investors scrambling for cover, with AUDUSD sma...
EUR/USD: Euro Reverses Its Losses In The Asian Session
May 20 05:23 GMT, by GCI Financial
The pair is expected to find support at 1.2796, and a fall through could take it to the next support level of 1.2749. The pair is expected to find its first resistance at 1.2890, and a rise through c...
AUD/USD: Aussie Trading Higher In The Asian Session
May 20 05:22 GMT, by GCI Financial
The pair is expected to find support at 0.9735, and a fall through could take it to the next support level of 0.9683. The pair is expected to find its first resistance at 0.9813, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
May 20 08:36 GMT, by FX Instructor
The EURUSD continued its bearish momentum last week bottomed at 1.2796. The bias remains bearish in nearest term. Immediate resistance is seen around 1.2850. A clear break above that area could lead ...
Today's Market Outlook
May 20 08:30 GMT, by Windsor Brokers Ltd
The single currency remains under pressure, as last Friday's fall dipped briefly below 1.2800 handle. Subsequent bounce still stays capped at initial 1.2850 barrier, previous lower base and 55 day EM...
Technical Analysis for Major Currencies
May 20 08:20 GMT, by ICN.com
This week's trading started to the upside, but we find it stable below key support level of the bullish move that was broken earlier as shown on graph. Trading below 1.2970 this week keeps the possib...
GBP/USD Slips Further, Going Under 1.52
May 20 07:54 GMT, by ZIFX.com
On Friday Pound/Dollar decreased with 125 pips. The Cable depreciated from 1.5281 to 1.5156 on Friday, in line with the negative money flow sentiment at almost -28%, closing the week at 1.5165. Today...
Daily FX Report
May 20 07:25 GMT, by Varengold Bank
This week on May 22 the Federal Reserve is going to release minutes of its last meeting, where policy makers might have said that they will decelerate the pace of monthly bond purchases. The USD trad...
Foreign Exchange Market Commentary
May 20 05:34 GMT, by HY Markets
The EURO closed lower on Friday and the lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bearish signa...
All Daily Technical Reports >>

Analysis Report Search

Central Bank Analysis
Economic Data Reviews
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Long Term Forecasts

Is the U.K. Economy (Finally) Turning the Corner?
Apr 29 15:48 GMT, by Wells Fargo Securities
Recently released data show that real GDP in the United Kingdom grew 0.3 percent (1.2 percent at an...
Easy Money: Japan's Policy Gamble
Apr 13 04:00 GMT, by Wells Fargo Securities
This report focuses on Japan and considers the domestic implications of the bold fiscal and monetar...
A Bird's Eye View of the Global Economy
Mar 19 16:25 GMT, by TD Bank Financial Group
The global economy grew by an estimated 2.9% in 2012. The euro zone double dip recession, a softer ...
FX Top Trades 2013: How to Position for the Coming Year
Dec 05 14:55 GMT, by Danske Bank
For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2...
Implications for UK & Canada from the Appointment of Mark Carney as BoE Governor
Nov 27 11:51 GMT, by TD Bank Financial Group
Chancellor Osborne announced today that Mark Carney, currently the Governor of the Bank of Canada, ...
All Long Term Forecasts >>
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