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May 28 13:55 GMT

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Mid-Day Report: Dollar Firm on Fed Expectations
May 28 12:48 GMT, by ActionForex.com
Dollar stays firm in early US session on firm expectation that Fed is going to hike rate this year. San Francisco Fed president John Williams said he expected Fed to hike rates later this year as the US economy was doing well and moving back towards Fed's goals. Regarding the economy, he noted that the rest of the year is probably going to be b...

Technical Outlook

EUR/USD Mid-Day Outlook
A temporary low is in place at 1.0818 and intraday bias is turned neutral for some consolidations. Further decline is e... - May 28 12:59 GMT
GBP/USD Mid-Day Outlook
GBP/USD's fall from 1.5814 extends lower today. But still, with 1.5088 support intact, rise from 1.4565 could extend hi... - May 28 12:52 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF stays neutral for some consolidations below 0.9542 temporary top. Another rise is still expect... - May 28 12:51 GMT
USD/JPY Mid-Day Outlook
USD/JPY's rally continues today and reaches as high as 124.38 so far. Intraday bias remains on the upside and sustained... - May 28 12:49 GMT

Special Reports

BOC Indicates Canada's Economy Hinges On US' Growth
May 28 06:34 GMT
The BOC meeting in May delivered little surprise as it was widely anticipated t...
BOJ Expects Inflation To Achieve Target Later Than Expected. Yen Slumped
May 27 06:26 GMT
Japanese yen slumped as BOJ minutes unveiled that Japan’s inflation would reach...
Fed Unveiled Rate Hike In June Unlikely
May 21 03:42 GMT
The FOMC minutes for the April meeting contained little news. Yet, the indicati...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9405
Dollar's retreat after yesterday's marginal rise to 0.9543 suggests a temporary top has possibly been formed there and consolidat... - May 28 13:27 GMT
Trade Idea Update: GBP/USD - Stand aside
Although the British pound has resumed recent decline after meeting renewed selling interest at 1.5386 earlier today and near ter... - May 28 13:25 GMT
Trade Idea Update: EUR/USD - Sell at 1.0990
As the single currency has edged higher after rebounding from yesterday's low of 1.0819, retaining our view that initial consolid... - May 28 13:23 GMT
Trade Idea Update: USD/JPY - Buy at 122.90
The greenback has retreated after intra-day brief rise to 124.30 and consolidation below this level is in store and pullback to 1... - May 28 13:20 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As euro has recovered after falling to 0.7055 yesterday, suggesting consol... - May 28 08:50 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although euro's retreat from 1.0502 has kept price under pressure and near... - May 28 08:42 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Aussie's sharp retreat from 0.8163 (this month's high) adds credence to ou... - May 27 09:21 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Hold long entered at 134.25
The single currency found renewed buying interest at 133.82 and has rallied again, adding credence to our view that low has possi... - May 28 09:43 GMT
Trade Idea: AUD/USD - Stand aside
Aussie has fallen again after brief bounce to 0.7761, suggesting the deline from 0.8163 (wave A top) is still in progress and dow... - May 28 09:37 GMT
Trade Idea: EUR/GBP - Sell at 0.7165
Outlook remains bearish for recent decline from 0.7483 to extend further weakness, bring retest of 0.7014 (wave iii trough), brea... - May 27 15:00 GMT
Trade Idea: USD/CAD - Buy at 1.2360
As the greenback has continued to move higher, adding credence to our bullish view low has been formed at 1.1920 (as wave c and p... - May 27 14:50 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Although last week's breach of previous support at 0.7117 adds creden... - May 28 10:49 GMT
USD/CAD Elliott Wave Analysis
The greenback staged a strong rebound after finding good support at 1... - May 28 10:44 GMT
AUD/USD Elliott Wave Analysis
Aussie continued to fall after retreating sharply from 0.8163 (this m... - May 27 11:05 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 28 13:50 GMT

Action Bias

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

Fundamental Analysis Reports

US Initial Jobless Claims Rose in the Week Ending May 23
May 28 13:37 GMT, by RBC Financial Group
US initial claims rose by 7,000 to 282,000 in the week ending May 23, 2015 following an upwardly revised 275,000 reading (was 274,000) in the previous week. Market expectations had been for a modest ...
Fed Expectations Sees the Greenback Rocket Past the Yen
May 28 12:39 GMT, by MarketPulse
Currently, capital markets are beholden to any rhetoric from Greece, albeit rumor or hard fact. Any instrumental headway on Greek creditor talks has pushed sovereign bond yields higher, given the equ...
US Open - Greece Dominates but Data Also Eyed
May 28 12:36 GMT, by MarketPulse
U.S. futures are slightly lower ahead of the open on Thursday, tracking losses made in Europe as officials pour cold water on yesterday's reports that creditors had started crafting a staff level acc...
USDJPY Rally, UK Q1 GDP Flat
May 28 09:53 GMT, by Swissquote Bank SA
Japans retails sales rebounded to 0.4% m/m after a concerning collapse of -1.8% the prior month. However, the recovery was still below estimated of a 1.1% increase. Events have aligned to push the US...
European Market Update: Shanghai Composite Slumps Over 6% Over Concerns That PBoC Might Have Ended Easing, UK Q1 GDP Unrevised But Below Expectations
May 28 09:38 GMT, by Trade The News
Monetary Policy Divergence helped to push the USD/JPY to its highest level since 2002 at 124.29. Continued to see some mild verbal intervention by Japanese officials ahead of G7 meeting in Germany. T...
Oil Wedges Before Breakout
May 28 07:53 GMT, by Blackwell Global
The fundamentals on crude are still rather bearish and should make $100 a barrel nothing but a pipe dream (if you’ll excuse the pun). But there is a potential for an upside trade on crude oil in the ...
All Daily Fundamental Reports >>

Technical Analysis Reports

NZDUSD Drops to a New 4-Year Low... Look Out Below?
May 28 13:34 GMT, by Forex.com
The return of the Best House in a Bad Neighborhood trade has seen the dollar rally strongly over the last three weeks, with the trade-weighted dollar index breaking back above its 50-day MA near 97...
USD/JPY: a Warning or Two for Bulls
May 28 11:28 GMT, by Forex.com
The USD/JPY currency pair may go on to rise to significantly higher levels over time because of the growing disparity between interest rates in the US and Japan. But in the immediate near term, the r...
Forex Technical Analysis
May 28 09:21 GMT, by DeltaStock Inc.
EUR/USD A minor reversal has been confirmed at 1.0816 low and the intraday outlook is positive, for a break through 1.0960, en route to 1.1050 major hurdle.
EUR/USD Settles Above Weekly S1
May 28 08:27 GMT, by Dukascopy Swiss FX Group
Yesterday, the common currency stopped losing value and settled just above the weekly S1 at 1.0856. This level continues to support EUR/USD on Thursday as well. However, this development seems to be ...
GBP/USD Stuck Between 1.52 And 1.54
May 28 08:21 GMT, by Dukascopy Swiss FX Group
The Cable keeps falling for the second week in a row, as the Sterling declined again versus the Greenback yesterday. The pair attempted to edge higher, but the 200-day SMA pushed it all the way down ...
USD/JPY Reaches 13-Year High
May 28 08:14 GMT, by Dukascopy Swiss FX Group
The Greenback keeps appreciating against the Yen for the second week in a row. The nearest resistance cluster was easily breached, but the USD/JPY currency pair struggled to stay above the 124 area. ...
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...
All Long Term Forecasts >>
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