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Nov 24 07:56 GMT

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Daily Report: Euro Lower as Markets Eye German Ifo
Nov 24 02:36 GMT, by ActionForex.com
Euro opens the week lower against dollar as it's still feeling pressure from ECB president Mario Draghi's dovish comments on Friday. Draghi pledged to boost inflation back to 2% target as quickly as possible and hinted that he's open to additional easing. The common currency will look into German business confidence data today for direction. The I...

Technical Outlook

EUR/USD Daily Outlook
EUR/USD is staying above 1.2357 and intraday bias remains neutral for the moment. With 1.2613 resistance intact, deeper... - Nov 24 03:27 GMT
GBP/USD Daily Outlook
With 1.5789 resistance intact, deeper decline is still expected in the pair. Current fall from 1.7190 should target 100... - Nov 24 03:25 GMT
USD/CHF Daily Outlook
USD/CHF is staying below 0.9741 and intraday bias remains neutral for the moment. The consolidation from 0.9741 might s... - Nov 24 03:23 GMT
USD/JPY Daily Outlook
As noted before, USD/JPY is close to 120 key cluster level around 120. That includes 161.8% projection of 101.08 to 110... - Nov 24 03:20 GMT

Special Reports

Fed Sees Inflation Target within Reach, Impacts of Overseas Slowdown Limited
Nov 20 06:06 GMT
The FOMC minutes for the October meeting suggested that policymakers remained c...
BOE Minutes Showed Splits among Those Favored Keeping Rates Unchanged
Nov 19 13:04 GMT
The BOE minutes for the November meeting showed that the members voted 7-2 to k...
RBA Raised Concerns Over Housing Markets, Both At Home And In China
Nov 18 05:16 GMT
The RBA minutes for the November meeting contained few surprises. Policymakers ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9630
Although the greenback has opened higher earlier today after last week's late rally, as price has retreated after faltering below... - Nov 24 07:42 GMT
Trade Idea: GBP/USD - Stand aside
Despite retreating to 1.5626 on Friday, the subsequent recovery has retained our view that further consolidation above last week'... - Nov 24 07:35 GMT
Trade Idea: EUR/USD - Sell at 1.2470
Although the single currency opened lower earlier today, as euro has recovered after holding above recent low of 1.2358, suggesti... - Nov 24 07:31 GMT
Trade Idea: USD/JPY - Stand aside
Although dollar has rebounded again after holding above Friday's low at 117.36, above 118.12 is needed to signal pullback from 11... - Nov 24 07:25 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency finally retreated after rising to 149.14 yesterday and... - Nov 21 09:36 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The greenback traded in relatively narrow range after retreating from rece... - Nov 21 09:04 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency staged the anticipated rebound to 0.8039, our long pos... - Nov 20 09:46 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7940
Current sharp fall after ECB has dampened our bullishness and 0.7900 needs to hold to retain prospect of another rebound, above 0... - Nov 21 14:20 GMT
Trade Idea: USD/CAD - Stand aside
The greenback met renewed selling interest at 1.1369 yesterday and dropped below indicated support at 1.1254-59 (61.8% Fibonacci ... - Nov 21 14:15 GMT
Trade Idea: EUR/JPY - Stand aside
Despite yesterday's rise to 149.14, the subsequent retreat suggest the wave v as well as larger degree wave iii has possibly ende... - Nov 21 08:49 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie fell to 0.8566 yesterday, as the pair has rebounded after holding above indicated support at 0.8541, suggesting c... - Nov 21 08:39 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has finally retreated after rising to 149.14 yest... - Nov 21 11:12 GMT
USD/CHF Elliott Wave Analysis
Despite retreating to 0.9531, as the greenback found renewed buying i... - Nov 21 11:02 GMT
EUR/GBP Elliott Wave Analysis
The single currency found good support at 0.7799 and has staged the a... - Nov 20 10:10 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Nov 24 07:50 GMT

Action Bias

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

Japan Delays Sales Tax Hike, BoE And Fed In No Mood To Lift Rates
Nov 24 07:44 GMT, by Dukascopy Swiss FX Group
The main topic of the previous week appeared to be the sales tax hike delay in Japan. Being convinced by Paul Krugman, the Nobel laureate, Abe decided to delay for 18 months a second sales tax hike f...
EUR/USD: Euro Trading Higher, Ahead Of Germany's IFO Data
Nov 24 06:42 GMT, by GCI Financial
The pair is expected to find support at 1.2315, and a fall through could take it to the next support level of 1.2234. The pair is expected to find its first resistance at 1.2522, and a rise through c...
GBP/USD: Pound Trading On A Stronger Footing This Morning
Nov 24 06:41 GMT, by GCI Financial
The pair is expected to find support at 1.5621, and a fall through could take it to the next support level of 1.5582. The pair is expected to find its first resistance at 1.5704, and a rise through c...
AUD/USD: Aussie Extends Its Gains This Morning
Nov 24 06:40 GMT, by GCI Financial
The pair is expected to find support at 0.8620, and a fall through could take it to the next support level of 0.8553. The pair is expected to find its first resistance at 0.8739, and a rise through c...
USD/JPY: Japanese Yen Trading On Weaker Footing This Morning
Nov 24 06:38 GMT, by GCI Financial
The pair is expected to find support at 117.43, and a fall through could take it to the next support level of 117.03. The pair is expected to find its first resistance at 118.18, and a rise through c...
USD/CHF: Swiss Franc Trading Lower Ahead Of Swiss Q3 Employment Level Data
Nov 24 06:37 GMT, by GCI Financial
The pair is expected to find support at 0.9604, and a fall through could take it to the next support level of 0.9504. The pair is expected to find its first resistance at 0.9766, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Nov 24 06:52 GMT, by Varengold Bank
One week after the European Central Bank president vowed to revive inflation “as fast as possible”, policy makers will receive a glimpse on just how feeble cost pressures are now in the euro region. ...
Foreign Exchange Market Commentary
Nov 24 06:15 GMT, by HY Markets
THE EURO closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish sig...
Market Morning Briefing
Nov 24 03:39 GMT, by Kshitij Consultancy Services
It seems to be a season of stimulus as ECB reiterated its intent of balance sheet expansion by around Euro 1.0 trillions. This was further boosted by PBOC's surprise, and bit shocking rate cut of 40b...
Daily Technical Analysis
Nov 24 02:49 GMT, by FX Instructor
The EURUSD had a bearish momentum last week after the failure to break above the bearish channel and 1.2575 resistance area as you can see on my hourly chart below, bottomed at 1.2373 and hit 1.2360 ...
AUD/USD – Struggling To Get Back Above 0.8650
Nov 24 02:44 GMT, by MarketPulse
Throughout most of last week the Australian dollar dropped sharply back through the support level at 0.8650 and 0.86 before finishing the week rallying higher and creeping back above the 0.8650 level...
Australia 200 – Trying To Climb Back Above 5400 Again
Nov 24 02:42 GMT, by MarketPulse
Over the last couple of weeks the Australia 200 index has returned some of its recent gains falling from above 5550 down to a one month low below 5300 where it presently is trading around. It has fou...
All Daily Technical Reports >>

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Long Term Forecasts

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...
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...
All Long Term Forecasts >>
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