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Oct 21 05:21 GMT

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Daily Report: Aussie Stuck in Range after RBA Minutes
Oct 21 03:11 GMT, by ActionForex.com
Australian dollar stays in tight range against the greenback after RBA said in the October meeting minutes that rates will stay low. It noted that given the information available, the board's judgement was that the current stance of monetary policy continued to be appropriate for fostering sustainable growth in demand and inflation outcomes consi...

Technical Outlook

EUR/USD Daily Outlook
Outlook in EUR/USD is unchanged. The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1... - Oct 21 03:22 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. As long as 1.6226 resistance holds, further fall is still expe... - Oct 21 03:20 GMT
USD/CHF Daily Outlook
No change in USD/CHF's outlook. We'd still expect strong support from from 0.9300/9395 support zone to complete the cor... - Oct 21 03:18 GMT
USD/JPY Daily Outlook
With 107.49 minor resistance intact, intraday bias stays neutral first. Deeper fall cannot be ruled out yet. But in tha... - Oct 21 03:15 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 Wrap-up: USD/CHF - Sell at 0.9475
The greenback has remained confined within near term established range and further sideways trading is in store, however, last we... - Oct 20 15:44 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.6030
The British pound has continued to move higher after brief pullback, suggesting the rise from last week's low of 1.5875 is still ... - Oct 20 15:38 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day fall to 1.2731, current recovery has retained our view that further choppy trading within recent established ra... - Oct 20 15:29 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 106.40
As the greenback has retreated after meeting resistance at 107.39, suggesting minor consolidation below this level would be seen ... - Oct 20 15:26 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest just above 1.2600 level ... - Oct 20 10:03 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7980
Although the single currency rallied to 0.8047 last week, the subsequent retreat after faltering below resistance at 0.8066 sugge... - Oct 20 14:31 GMT
Trade Idea: USD/CAD - Buy at 1.1100
Despite last week's rise to 1.1386, the subsequent retreat suggests consolidation would be seen and pullback to 1.1190-00 cannot ... - Oct 20 14:26 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback slipped again last week to as low as 105.20, t... - Oct 20 11:09 GMT
EUR/USD Elliott Wave Analysis
The single currency found good support just above 1.2600-05 level and... - Oct 20 11:01 GMT
GBP/USD Elliott Wave Analysis
Despite recovering to 1.6227 last week, as the British pound met rene... - Oct 14 10:46 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 21 05:15 GMT

Action Bias

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

Fundamental Analysis Reports

GBP/USD – Pound Steady In Light Trade
Oct 21 02:55 GMT, by MarketPulse
The pound is calm on Monday, as GBP/USD trades in the mid-1.61 range. On the release front, it's a very quiet start to the week, with no releases out of the UK. In the US, today’s sole release is a s...
Three Potentially Big Influences On The Yen
Oct 21 02:37 GMT, by Forex.com
North American trade was mostly unenthusiastic today as the calendar failed to provide any notable releases, but that was the case heading in to the day as well as neither Asia nor Europe provided an...
EM Rundown: Four EM FX Hotspots This Week
Oct 21 02:36 GMT, by Forex.com
In last week's EM Rundown, we discussed three reasons the ruble rout had resumed: plummeting oil prices, Western economic sanctions and ongoing capital outflows. This week, ruble traders can add a fo...
Bonds And Stocks Are Diverging - It Can't Last
Oct 21 02:26 GMT, by Vantage FX
It is an interesting time in markets at the moment with the spike in volatility and the bounce in stocks - particularly the S&P 500 futures - off the 2011 trendline. But while stocks have bounced...
USD/CAD - Stable as Wholesale Sales Matches Expectations
Oct 20 15:10 GMT, by MarketPulse
The Canadian dollar is steady on Monday, as USD/CAD trades in the mid-1.12 range in the North American session. On the release front, Canadian Wholesale Sales posted a slight gain of 0.2%. It's a qui...
AUD/USD - Little Movement Ahead of RBA Minutes
Oct 20 12:57 GMT, by MarketPulse
The Australian dollar is showing little movement on Monday, as AUD/USD trades in the mid-0.87 line late in the European session. It’s a quiet start to the week, with no releases out of Australi...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Oct 21 03:39 GMT, by Kshitij Consultancy Services
Euro (1.2804) is rangebound within 1.27-1.29 for the last few sessions but the lack of downward momentum even after the failure to break above 1.29 gives birth to the possibility of extending this co...
USDJPY - Hesitates Ahead Of The 107.52 Level
Oct 21 02:40 GMT, by FXTechstrategy
USDJPY - Trouble is now looming ahead of the 107.52 level as USDJPY is now facing bear threat. If it closes lower on a negative candle, it would have ended its recovery and turned risk lower. On the ...
AUDUSD Levels To Watch Ahead Of The RBA And China GDP
Oct 21 02:39 GMT, by Forex.com
It's going to be a big day for the Australian dollar as investors digest the RBA's latest meeting minutes and Chinese GDP numbers. The former is expected to show that the RBA remains firmly in wait-a...
Gold Chipping Away At Key Resistance As Safe Haven Demand Grows
Oct 21 02:33 GMT, by Forex.com
Gold has now risen for two straight weeks after bouncing off the technically-important $1180/85 area at the start of the month. For a time last week, the metal was up a good $65 from that low ($1183)...
AUD/JPY: Prepping for Fireworks
Oct 20 15:12 GMT, by Forex.com
The week has started off a little slow in worldwide markets as there hasn't really been any news to get the blood pumping yet, but that all could change in a hurry as we transition to the Asian tradi...
GBPUSD Peeking Above 3-Month Bearish Trend - Could 1.62 or 1.63 Be Next?
Oct 20 14:25 GMT, by Forex.com
It's been a quiet start to the trading week, with most major assets consolidating in tight ranges after last week's volatility. The biggest development thus far was a report that Japan's Government P...
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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