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May 20 13:05 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 Update: USD/CHF - Buy 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 10:42 GMT
Trade Idea Update: 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 10:40 GMT
Trade Idea Update: 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 10:38 GMT
Trade Idea Update: 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 10:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency continued to head soutyh last week and price finally b... - May 20 10:28 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback has risen again after brief pullback and the breach of indic... - May 20 09:56 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 131.35
Despite intra-day brief fall to 130.93, as the single currency found good support there and has rebounded, suggesting consolidati... - May 20 09:13 GMT
Trade Idea: AUD/USD – Sell at 0.9915
As aussie has recovered after falling to 0.9711 on Friday, suggesting minor consolidation above this level would be seen and mino... - May 20 09:03 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
The greenback only eased to 98.58 before finding renewed buying inter... - May 20 11:03 GMT
EUR/USD Elliott Wave Analysis
The single currency dropped again after brief recovery to 1.3030 last... - May 20 10:55 GMT
EUR/JPY Elliott Wave Analysis
The single currency has maintained a firm undertone this week after r... - May 17 11:05 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 20 14:00 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE- 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

EUR/USD - Quiet in Thin Holiday Trading
May 20 11:39 GMT, by OANDA
It's a very quiet start to the new trading week, as the EUR/USD trades in the mid-128 range in Monday trading. The French and German markets are closed today for a holiday, so trading will be thin. I...
USD And Stock Continue To Rally
May 20 10:09 GMT, by Swissquote Bank SA
Currently the recent economic data (including stronger than expected GDP) from the US has been supportive of the Fed easing policy. This will put the focus on the Chairman Bernanke's testimony in Con...
European Market Update
May 20 09:56 GMT, by Trade The News
The USD/JPY was lower by 50+pips ahead of the NY morning. Dealers were wondering whether an implied ceasefire was underway in the stealth currency wars. Japan Econ MIn Amari suggested that excessive ...
Dollar Gains Capped For Now…
May 20 09:53 GMT, by Forex.com
There may be some reasons to be cautious about the dollar outlook this week. Last week's push higher in USD was partially driven by some hawkish Fed commentary. However, on Wednesday we will hear fro...
Bank Of England's King Sends Messages To Carney
May 20 09:40 GMT, by ICN.com
Bank of England Mervyn King gave some messages to his successor Mark Carney, who will take charge of the BOE on July 1, in an interview on Sky News television broadcast on Sunday, telling him signal ...
European Stocks Edge Up, Track US And Asia Gains
May 20 08:52 GMT, by ICN.com
European opened mostly higher on Monday trading session, mirroring gains in global markets after improving consumer sentiment data from the U.S. helped to assure investors of the recovery in the worl...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
May 20 10:57 GMT, by DeltaStock Inc.
Today's test of 102.00 dynamic support signals a possible reversal at 103.30 high and a clear break through 102.00 will set the focus on 101.20 and the sentiment area around 100.00.
EURUSD - All Eyes On The 1.2750 Level And Below
May 20 10:11 GMT, by FXTechstrategy
EURUSD - Having sold off for a second-week in a row, there is risk of further declines as we enter a new week . Support lies at the 1.2800 level and next the 1.2750/35 levels, its key support levels....
USD/JPY Crosses 103 And Bounces Off
May 20 09:59 GMT, by ZIFX.com
On Friday Dollar/Yen resumed increasing with 125 pips. The currency couple appreciated from 102.07 to 103.31 on Friday, matching the positive money flow sentiment at over +21%, closing the week at 10...
Technical Analysis for Crosses
May 20 09:48 GMT, by ICN.com
GBP/JPY touched the bearish channel's support, shown on graph, but is steadying above it. That helps us maintain previous expectations of the uptrend, targeting 156.75. If that level is breached, the...
Morning Forex Technical
May 20 08:48 GMT, by Dukascopy Swiss FX Group
After two weeks of depreciation, the single European currency takes a break, as its price jumped from a 1.28 benchmark on Monday. The pair demonstrates moderate bullish sentiments and attempts to gai...
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 ...
All Daily Technical Reports >>

Analysis Report Search

Central Bank Analysis
Economic Data Reviews
Technical Analysis

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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