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May 22 08:33 GMT

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European Session: Orders and Options Watch
May 22 08:09 GMT, by ActionForex.com
EUR: The single currency staged a strong rebound in NY yesterday and stops at 1.2905-15 were tripped, mixture of offers and stops at 1.2940-50 is now in focus, however, more selling interest is tipped at 1.2960-70 and further out at 1.2990-1.3000 with stops building above there and 1.3015-20. On the downside, bids are now seen at 1.2900 and also i...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment as consolidation from 156.77 continues. Another retreat might b... - May 22 08:26 GMT
EUR/JPY Daily Outlook
EUR/JPY rises to as high as 133.12 so far today and the break of 132.76 confirms rise resumption. Intraday bias is back... - May 22 08:24 GMT
EUR/GBP Daily Outlook
EUR/GBP recovered strongly and the break of 0.8516 minor resistance turned intraday bias back to the upside for 0.8636 ... - May 22 08:08 GMT
EUR/AUD Daily Outlook
EUR/AUD's consolidation was relatively brief and rise from 1.2218 resumed and reached as high as 1.3252 so far today. I... - May 22 08:04 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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: USD/CHF - Hold long entered at 0.9670
Dollar's near term sideways trading within the established range of 0.9549-0.90761 would continue and as long as said lower range... - May 22 07:21 GMT
Trade Idea: GBP/USD - Sell at 1.5245
Although cable has retreated, yesterday's rebound from 1.5113 suggests minor consolidation above this level would be seen and abo... - May 22 07:17 GMT
Trade Idea: EUR/USD - Stand aside
Yesterday's strong rebound after finding renewed buying interest at 1.2841 suggests a temporary low has been formed at 1.2796 ear... - May 22 07:12 GMT
Trade Idea: USD/JPY - Hold short entered at 102.65
Although dollar has rebounded after finding support at 102.35 today, as long as yesterday's high of 102.89 holds, further consoli... - May 22 07:06 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: AUD/USD – Sell at 0.9915
Although aussie has retreated again after recovering to 0.9842, break of recent low of 0.9711 (last week's low) is needed to conf... - May 22 08:31 GMT
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
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 09:25 GMT

Action Bias

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

Fundamental Analysis Reports

European Markets Begins Session Fairly Lower Ahead Of BoE, Fed Minutes
May 22 08:29 GMT, by ICN.com
European shares opened mixed on Wednesday session as caution dominated markets ahead of minutes from the Bank of England and the United States Federal Reserve followed by Fed’s Chairman Ben S. Bernan...
Morning Forex Fundamental
May 22 08:12 GMT, by Dukascopy Swiss FX Group
Producer prices in Europe's largest economy slowed for the third consecutive month in April, suggesting weak domestic demand and raising concerns that the economy is far away from the recovery. The m...
USD Broadly Offered Before Bernanke's Testimony
May 22 07:15 GMT, by Swissquote Bank SA
Another day, another rally on the Japanese stocks. The Nikkei 225 surged an extra 1.8% to 15,650.83 in Tokyo as the BoJ maintained the 2014 monetary base target at Yen 270trln as widely expected. The...
BoE Minutes Likely To Confirm Monetary Stance
May 22 07:00 GMT, by ICN.com
The Bank of England is due to publish the minutes of the Monetary Policy Committee`s meeting held on 3 and 4 April, when policymakers voted to maintain record low interest rates and the size of asset...
The BoJ Holds Firm
May 22 05:38 GMT, by Forex.com
The Bank of Japan elected not to adjust its current easing plans. Instead, the bank retained its commitment to its plan announced in April to increase the supply of money in the economy by 60-70 tril...
Asian Market Update
May 22 05:37 GMT, by Trade The News
Asian equity markets are mixed and contained within tight ranges ahead of the critical address by Fed Chairman Bernanke before the Joint Economic Committee in Congress on Wednesday morning. Bank of J...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
May 22 08:08 GMT, by DeltaStock Inc.
Yesterday's test of 1.2840 support area has failed and the rise which followed peaked few pips below 1.2940 resistance area. My outlook is positive above 1.2896 minor support, for a rise towards 1.30...
GBP/USD Slips Further, Approaching 1.51
May 22 08:08 GMT, by ZIFX.com
On Tuesday Pound/Dollar decreased significantly with 160 pips. The Cable depreciated from 1.5272 to 1.5111 yesterday, in line with the negative money flow sentiment at under -17%, closing the day at ...
Today's Market Outlook
May 22 07:30 GMT, by Windsor Brokers Ltd
The Euro maintains positive near-term tone and holds above 1.2900 support, following overnight’s extension to 1.2937, where rally was capped by 55 day EMA. The level lays just ahead of 1.2950, previo...
Technical Analysis for Crosses
May 22 07:13 GMT, by ICN.com
The sideways movement extended to break the ascending support for the latest bullish wave shown on chart, suggesting a weakening bullish momentum, however, the overall bullish wave structure is still...
Daily FX Report
May 22 06:28 GMT, by Varengold Bank
Federal Reserve Bank of New York President William C. Dudley said he has not decided whether the Fed's next move should be to enlarge or shrink its bond buying program as he called for a fresh look a...
Daily Technical Analysis
May 22 05:57 GMT, by FX Instructor
The EURUSD attempted to push lower yesterday bottomed at 1.2840 but whipsawed to the upside and hit 1.2937 earlier today. Price has been moving sideways between 1.2935 – 1.2800. I still prefer a bear...
All Daily Technical Reports >>

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Central Bank Analysis
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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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