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Apr 23 06:40 GMT

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Daily Report: Aussie Plummets on CPI Miss
Apr 23 03:28 GMT, by ActionForex.com
Aussie tumbles sharply today on lower than expected inflation data. Headline CPI rose 0.6% qoq, 2.9% yoy in Q1. The yoy reading showed acceleration from prior quarter's 2.7% but that was below market expectation of 3.2%. Note that RBA's target range for inflation is 2-3% and today's data showed inflation is staying in the range rather than exceedi...

Technical Outlook

EUR/USD Daily Outlook
No change in EUR/USD's outlook. Consolidation from 1.3905 is still in progress and intraday bias remains neutral. Above... - Apr 23 03:13 GMT
GBP/USD Daily Outlook
GBP/USD is staying in range below 1.6841 temporary top and intraday bias remains neutral. Near term outlook remains bul... - Apr 23 03:11 GMT
USD/CHF Daily Outlook
Consolidation pattern from 0.8698 is possibly still in progress. With 0.8777 minor support intact, further rise could b... - Apr 23 03:08 GMT
USD/JPY Daily Outlook
USD/JPY continues to lose upside momentum as rebound from 101.32 lost steam. With 102.02 minor support intact, further ... - Apr 23 03:05 GMT

Special Reports

BOC Stands On The Sideline, Warned Of Risks Of Low Inflation
Apr 17 05:20 GMT
As widely anticipated, the BOC left the policy rate unchanged at 1%. Policymake...
RBA Minutes Maintains Neutral Policy Stance
Apr 15 05:25 GMT
The RBA minutes for the April meeting echoed the neutral stance of policymakers...
Headline Chinese Trade Data Distorted by Over-Invoicing Last Year
Apr 10 12:17 GMT
Chinese trade data surprised to the downside as exports surprisingly contracted...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
As the greenback has risen again after intra-day brief retreat to 0.8833, suggesting near term upside risk remains for recent upm... - Apr 22 15:54 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.6790
Although the British pound rose to 1.6839 earlier today in London, as cable has retreated after faltering below last week's high ... - Apr 22 15:49 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day rebound from 1.3785 to 1.3825, as the single currency has retreated sharply in NY morning, suggesting near term... - Apr 22 15:44 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 103.00
Despite dollar's intra-day retreat from 102.73 (exactly 50%  Fibonacci retracement of 104.13-101.33), as the greenback has reboun... - Apr 22 15:39 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency opened lower last week and a potential evening doji be... - Apr 22 09:42 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback failed to break indicated strong support at 101.20-21 and ha... - Apr 22 09:22 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi did find renewed buying interest at 0.8514 earlier this mo... - Apr 16 07:20 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Although the single currency has fallen again after brief recovery and broke below support at 0.8215 (last week's low) and near t... - Apr 22 13:59 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0890
As last week's high of 1.1034 has continued to cap the pair's upside, suggesting further consolidation would be seen and pullback... - Apr 22 13:58 GMT
Trade Idea: EUR/JPY - Sell at 142.20
Euro's rebound after finding support at 140.23 last week suggests near term upside risk remains for test of 141.90, however, reck... - Apr 22 09:57 GMT
Trade Idea: AUD/USD - Buy at 0.9260
Although the Australian dollar has rebounded again after finding support at 0.9315 last week, still reckon 0.9426 would limit ups... - Apr 22 09:52 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback continued to edge higher after rebounding from... - Apr 22 10:18 GMT
EUR/USD Elliott Wave Analysis
Although the single currency met renewed selling interest at 1.3865 l... - Apr 22 10:09 GMT
EUR/GBP Elliott Wave Analysis
Although the single currency has remained under pressure and margin... - Apr 17 11:38 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 23 06:35 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↑ UP- NE- NE- NE
USDJPY- NE- NE- NE- NE
GBPUSD- NE- NE↑ UP- NE
USDCHF- NE- NE- NE- NE
USDCAD- NE- NE- NE- NE
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Fundamental Analysis Reports

The RBA Can Breathe A Sigh Of Relief
Apr 23 05:35 GMT, by Forex.com
It turns out that inflation in Australia isn't running as hot as the market had previously anticipated, which is good news for the Reserve Bank of Australia (RBA). The RBA has made it very clear that...
EUR/USD: ECB Still Has Several Instruments To Loosen Monetary Policy, Hints ECB's Coeure
Apr 23 05:31 GMT, by GCI Financial
The pair is expected to find support at 1.3791, and a fall through could take it to the next support level of 1.3767. The pair is expected to find its first resistance at 1.3833, and a rise through c...
GBP/USD: Pound Trading Tad Higher With Focus On BoE Minutes
Apr 23 05:30 GMT, by GCI Financial
The pair is expected to find support at 1.6801, and a fall through could take it to the next support level of 1.6769. The pair is expected to find its first resistance at 1.6852, and a rise through c...
AUD/USD: Aussie Pares Gains Following Australia's Consumer Inflation Data
Apr 23 05:29 GMT, by GCI Financial
The pair is expected to find support at 0.9279, and a fall through could take it to the next support level of 0.9250. The pair is expected to find its first resistance at 0.9359, and a rise through c...
USD/JPY: Japan's Consumer Inflation In FY2013 Might Have Exceeded BoJ's Expectations, Opines BoJ Governor
Apr 23 05:28 GMT, by GCI Financial
The pair is expected to find support at 102.38, and a fall through could take it to the next support level of 102.24. The pair is expected to find its first resistance at 102.69, and a rise through c...
USD/CHF: Swiss Franc Extends Its Gains In The Asian Session
Apr 23 05:27 GMT, by GCI Financial
The pair is expected to find support at 0.8827, and a fall through could take it to the next support level of 0.8814. The pair is expected to find its first resistance at 0.8858, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Apr 23 05:38 GMT, by FX Instructor
The EURUSD had another indesicive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen be...
Foreign Exchange Market Commentary
Apr 23 05:09 GMT, by HY Markets
THE EURO closed higher on Tuesday. The highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are bearish signalling that...
The Daily Wave Analysis
Apr 23 05:00 GMT, by Admiral Markets
Five waves could have been completed during the last push up (divergence red line on AO), unless extensions of the uptrend will occur.
Euro Edges Higher After Chinese PMI
Apr 23 04:47 GMT, by ZIFX.com
On Tuesday Euro/Dollar traded within 40 pip range. The European currency appreciated from 1.3784 to 1.3825 yesterday, matching the positive money flow sentiment at above +5%, closing the day at 1.380...
NZDJPY 'Back In Its Box' Following Chinese PMI
Apr 23 03:27 GMT, by ThinkForex
The Kiwi Dollar had a positive start to the week as it climbed higher in anticipation of an interest rate hike tomorrow. Then Chinese Data came out. A cursory glance at the interest rates among G10 c...
Market Morning Briefing
Apr 23 03:21 GMT, by Kshitij Consultancy Services
Dollar Index (79.84) has been struggling near 80.00-80.10 as expected and it may face more selling from 80.30 as well. The broad range of 79.25-80.50 may remain in force for some more time. Only on a...
All Daily Technical Reports >>

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Long Term Forecasts

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...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by MarketPulse
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
GBP/USD - 2013 In Review
Dec 26 02:30 GMT, by MarketPulse
The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous foreca...
EUR/USD - 2013 in Review
Dec 25 13:46 GMT, by MarketPulse
The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. ...
All Long Term Forecasts >>
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