Oct 13 08:54 GMT


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Action Insight

Daily Report: Asian Markets Soft on China Trade Data
Oct 13 03:55 GMT, by Administrator
Asian markets opened the day mildly lower and stays soft after China trade data. Trade surplus widened to USD 60.3b in September, much larger than expectation of USD 46.9b. Exports dropped for the third consecutive months, by -3.7% yoy. Meanwhile, import dropped for the 11th straight month, by -20.4% yoy. Over the weekend, the PBoC announced fresh...

Technical Outlook

EUR/AUD Daily Outlook
At this point, we'd maintain our view that strong support should be seen around 38.2% retracement of 1.3671 to 1.6587 a... - Oct 13 07:40 GMT
EUR/GBP Daily Outlook
With 0.7332 minor support intact, further rise still expected in EUR/GBP. The rebound from 0.6935 is still expected to ... - Oct 13 07:37 GMT
GBP/JPY Daily Outlook
Rise form 180.64 is seen as the third leg of the consolidation pattern from 180.36. Further upside would be seen, possi... - Oct 13 07:34 GMT
EUR/JPY Daily Outlook
Near term outlook in EUR/JPY remains neutral for the moment. On the upside, above 137.34 will target 138.99 first. Brea... - Oct 13 07:31 GMT

Special Reports

ECB Saw More Downside Risks To Growth And Inflation
Oct 09 05:34 GMT
Similar to the Fed's, the ECB minutes for the September meeting showed that the...
Concerns Over Global Economic Slowdown Refrained Fed From Raising Rates
Oct 09 03:31 GMT
The FOMC minutes for the September meeting unveiled that concerns over the glob...
BOE Kept Bank Rate Unchanged, Forecast Inflation to Pick Up More Gradually
Oct 08 12:36 GMT
Same as August and September, the BOE voted 8-1 to keep the Bank rate unchanged...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter

Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
The greenback has fallen again after meeting renewed selling interest at 0.9647 and the decline from 0.9844 may extend weakness t... - Oct 13 08:36 GMT
Trade Idea : GBP/USD - Sell at 1.5320
Although the British pound rose marginally to 1.5388, lack of follow through buying and current sharp retreat suggest an intra-da... - Oct 13 08:27 GMT
Trade Idea : EUR/USD - Sell at 1.1455
The single currency found renewed buying interest at 1.1344 and has risen again, suggesting recent erratic rise from 1.1105 low i... - Oct 13 08:19 GMT
Trade Idea : USD/JPY - Buy at 119.25
Dollar's retreat after meeting resistance at 120.35 on Friday has retained our view that further consolidation would take place a... - Oct 13 08:10 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency staged a stronger-than-expected rebound last week, sug... - Oct 12 09:00 GMT
USD/JPY Candlesticks and Ichimoku Analysis
As the greenback rebounded after early brief fall to 118.68, retaining our... - Oct 12 08:36 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Despite last week's fall to 133.44, as the single currency found good supp... - Oct 09 08:37 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold short entered at 0.7400
Euro's rebound after holding above support at 0.7333 (last week's low) suggests caution on our short position entered at 0.7400 a... - Oct 12 15:21 GMT
Trade Idea: USD/CAD - Stand aside
As the greenback has recovered after holding above Friday's low at 1.2901, suggesting minor consolidation above this level would ... - Oct 12 15:15 GMT
Trade Idea: EUR/JPY - Buy at 136.00
The single currency has maintained a firm undertone after staging a strong rebound late last week, suggesting the rise from 133.1... - Oct 12 10:23 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie has continued to move higher after finding buying interest above 0.7300 and near term upside risk remains for the... - Oct 12 10:18 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Dollar's rebound after finding support at 118.68 has retained our vie... - Oct 12 10:35 GMT
EUR/JPY Elliott Wave Analysis
The single currency has risen again after brief pullback, adding cred... - Oct 09 10:15 GMT
USD/CHF Elliott Wave Analysis
The greenback ran into renewed selling interest at 0.9768 earlier thi... - Oct 09 09:56 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 13 08:45 GMT

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Fundamental Analysis Reports

EUR/USD – Markets Await German, Eurozone Economic Surveys
Oct 13 08:31 GMT, by MarketPulse
It continues to be a quiet week for EUR/USD, which is trading quietly on Tuesday. Early in the European session, the pair is trading at 1.1370. In the Eurozone, we'll get a look at the German and Eur...
Dollar Struggles As A Uncertainty On Global Growth Persists
Oct 13 08:09 GMT, by KBC Bank
Yesterday, USD trading showed no clear trend as US markets were in low volume modus due to the Columbus day holiday. This morning, the dollar stays in the defensive, as Chinese data fuel investor unc...
China Data Adds To Ongoing Concerns
Oct 13 07:58 GMT, by ForexTime
The markets are once again waking up to further concerns over the ongoing decline in economic momentum for the Chinese economy following the release of further China economic data overnight. The Chin...
China's Imports And Exports Decline In September Amid Week Global Demand
Oct 13 07:54 GMT, by Dukascopy Swiss FX Group
China's imports dropped, while exports remained feeble in September due to weak global demand, suggesting the world's second biggest economy continued to falter into the end of the year. While export...
Australia's Business Confidence Rebounds In September
Oct 13 07:47 GMT, by Dukascopy Swiss FX Group
Australia's business confidence bounced back last month following the Federal Government's leadership change, the NAB's monthly business survey showed. The index of business conditions came in at abo...
UK CPI To Cast Further Doubt On Near Term Hike
Oct 13 06:41 GMT, by MarketPulse
European indices are on course for a slightly weaker open on Tuesday, taking a negative lead from Asia following some more disappointing trade figures from China. The focus will soon shift to the U.K...
All Daily Fundamental Reports >>

Technical Analysis Reports

Gravestone Doji In EUR/USD Chart
Oct 13 08:47 GMT, by Dukascopy Swiss FX Group
After the yesterday's session we now have an additional bearish signal, which is a gravestone doji. We expect the resistance at 1.14 to withstand the buying pressure and send the price lower. The nea...
GBP/USD Still Glued To 1.53
Oct 13 08:46 GMT, by Dukascopy Swiss FX Group
The Cable appears to have entered a consolidation period, as it keeps gravitating towards the 200-day SMA. This trend is yet to be confirmed by the Sterling's possible decline towards the monthly PP ...
USD/JPY To Drop Under 120.00
Oct 13 08:44 GMT, by Dukascopy Swiss FX Group
The weekly PP and 20-day SMA failed to provide sufficient support in order to help the Buck outperform the Yen. As a result, the USD/JPY lost 14 pips and risks falling even deeper down today, as the ...
Gold Hesitates Near August High
Oct 13 08:43 GMT, by Dukascopy Swiss FX Group
For the time being the precious metal is struggling to recover in the vicinity of the August high. Apart from the solid resistance here, we also have a dense supply area circa 1,180, which is a key t...
Foreign Exchange Market Commentary
Oct 13 07:16 GMT, by HY Markets
THE EURO posted modest gains on Monday reaching its highest level in three weeks, as currency traders continue to weigh whether the Federal Reserve will wait until 2016 before raising shortterm inter...
EUR/USD Jammed Between Resistance Fibs & Support Lines
Oct 13 06:55 GMT, by Admiral Markets
Whether the EUR/USD is indeed in a wave 1-2 (brown) depends if price will make a bearish turn prior to breaking the top (purple line / 100% Fib). A break of the various support levels (green) could i...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
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...
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