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May 22 04:14 GMT

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US Session: Orders and Options Watch
May 21 14:36 GMT, by ActionForex.com
GBP: The British pound tumbled again today in London on active cross-selling in sterling, bids at 1.5180-1.5200 were filled and stops below 1.5150 were tripped, some buy orders are still seen at 1.5100-10 with more stops tipped below 1.5090-95 and fresh demand from Middle East names should emerge around 1.4970-75 and 1.4950. On the upside, offers ...

Technical Outlook

EUR/USD Mid-Day Outlook
No change in EUR/USD's outlook. With 1.2929 minor resistance intact, deeper decline is still expected in EUR/USD for 1.... - May 21 13:08 GMT
USD/CHF Mid-Day Outlook
No change in USD/CHF's outlook. As long as 0.9578 support holds, further rally is still expected. Sustained trading abo... - May 21 13:06 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 103.30 temporary top. But downside... - May 21 13:05 GMT
GBP/USD Mid-Day Outlook
GBP/USD's fall from 1.5606 resumed after brief consolidations and reaches as low as 1.5137 so far. As noted before, cor... - May 21 12:57 GMT

Special Reports

RBA Minutes Signaled Rate Cut Was Needed To Boost Growth
May 21 04:59 GMT
The RBA released minutes for the May monetary policy meeting, explaining the ra...
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...
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Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold long entered at 0.9670
Despite intra-day rebound to 0.9751, current sharp retreat signals recent upmove is not ready to resume yet and further consolida... - May 21 16:01 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5245
Despite intra-day resumption of decline to 1.5113 (exactly as indicated level of 50% projection of 1.5593-1.5173 measuring from 1... - May 21 15:57 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day retreat to 1.2841, current rebound has retained our view that further consolidation above last week's low of 1.... - May 21 15:50 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 102.65
Despite intra-day rebound to 102.89, current retreat has retained our view that further consolidation below last week's high of 1... - May 21 15:43 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound extended recent decline from 1.5607 to as low a... - May 21 10:06 GMT
USD/CHF Candlestick and Ichimoku Analysis
The greenback continued to find good support just above the Tenkan-Sen and... - May 21 09:43 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency continued to head soutyh last week and price finally b... - May 20 10:28 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
As the single currency has rebounded again after brief retreat, dampening our bearishness and test of resistance at 0.8516 (last ... - May 21 15:10 GMT
Trade Idea: USD/CAD - Buy at 1.0260
As the greenback has risen again after retreating to 1.0217 yesterday (we recommended to buy at 1.0200), suggesting recent upmove... - May 21 14:44 GMT
Trade Idea: EUR/JPY - Buy at 131.35
As the single currency staged a strong rebound after yesterday's brief fall to 130.93, suggesting consolidation within 103.93-132... - May 21 08:45 GMT
Trade Idea: AUD/USD – Sell at 0.9915
Aussie's recovery after last week's selloff to 0.9711 has retained our view that minor consolidation above this level would be se... - May 21 08:41 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound only recovered to 1.5323 (we recommended to sell at... - May 21 11:01 GMT
GBP/JPY Elliott Wave Analysis
Although the British pound moved higher again to as high as 156.75 ea... - May 21 10:54 GMT
USD/JPY Elliott Wave Analysis
The greenback only eased to 98.58 before finding renewed buying inter... - May 20 11:03 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 22 05:05 GMT

Action Bias

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

Fundamental Analysis Reports

BOJ Kept Rates Steady, Monitoring Japanese Performance
May 22 03:51 GMT, by ICN.com
The Bank of Japan refrained today from adding stimulus to the world's third largest economy, where the bank preferred the current plans amid the current economic environment and performance. Board me...
Japanese Merchandise Trade Balance Fell More-Than-Estimated In April
May 22 02:42 GMT, by ICN.com
Merchandise trade balance fell more-than-estimated in the world's third largest economy on the background of global economic instability and curbed domestic demand amid the raising caution, which hur...
Forex Exchange Morning Report
May 22 02:37 GMT, by Westpac Institutional Bank
The US dollar index rose and fell around Bullard's speech for little net change. EUR rose from 1.2841 to 1.2934. USD/JPY ranged between 102.30 and 102.90. AUD consolidated in a wide range of 0.9752-0...
Prepping For The BOJ: Nikkei
May 22 02:34 GMT, by Forex.com
After rising to its highest level since 2008, the Nikkei traded sideways on Tuesday ahead oif the BOJ meeting tomorrow. The BOJ is not expected to alter policy after its enormous injection of stimulu...
Markets Await Bernanke, Stocks Bid, USD Pressured
May 22 02:30 GMT, by Vantage FX
On FX markets the Dovish talk from the Fed knocked the US dollar from highs against the Euro and Yen and it is trading at 1.2907 and 102.49 respectively this morning. Against the CAD it is likewise l...
Sterling: Bruised but Not Battered after Inflation
May 21 11:58 GMT, by Forex.com
The pound has come under pressure after the weaker than expected inflation reading for April earlier this morning. Headline CPI fell to 2.4% (expectations were for a decline to 2.6%, from 2.8% in Mar...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
May 22 03:50 GMT, by HY Markets
The EURO closed higher due to short covering on Tuesday and the highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI re...
Market Morning Briefing
May 22 03:33 GMT, by Kshitij Consultancy Services
The Euro (1.2925) has seen a move above 1.29 and now may look to target 1.30 which also happens to be the 200 day moving average for the Euro. Supports have shifted higher to 1.2880. Dollar-Swiss (0....
USD/JPY Trading In A Head And Shoulders Pattern Ahead Of BoJ And Bernanke
May 22 03:07 GMT, by FXTimes
The head and shoulders structure reflects a market that is tentative ahead of the BoJ meeting during the 5/22 Asian session. After the BoJ risk event, the attention should turn towards Fed chairman B...
Forex and Dow Jones Recommended Levels
May 22 02:56 GMT, by FXtechtrade
EUR/USD Today's support: - 1.2858 and 1.2838(main), where correction is possible. Break would give 1.2803, where correction also may be. Then follows 1.2780. Break of the latter would result in 1.275...
FX Report: AUD/USD
May 22 02:55 GMT, by Compass Global Markets
AUD/USD looked happily camped above 0.9800 during the Asia morning until heavy selling about 30 minutes before the RBA release shook the bulls out of their short term positions. However, the RBA were...
The Daily Wave Analysis
May 22 02:51 GMT, by Admiral Markets
Presumably, the correctional wave (iv) of [c] is forming . Supposedly, it Is taking the shape of the Horizontal Triangle. If this assumption is correct, after its completion we can expect an upward p...
All Daily Technical Reports >>

Analysis Report Search

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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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