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Nov 24 21:14 GMT

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US Session: Orders and Options Watch
Nov 24 14:03 GMT, by ActionForex.com
EUR: The single currency edged higher in European session as German IFO data came in better than expected, offers at 1.2405-10 were filled but sell orders are still noted from 1.2420 all the way up to 1.2450 (every 10 points interval), more sellers are reported at 1.2465-70 and 1.2490-00, selling interest is seen at 1.2530-40, 1.2570-80 and in goo...

Technical Outlook

GBP/USD Mid-Day Outlook
With 1.5789 resistance intact, deeper decline is still expected in the pair. Current fall from 1.7190 should target 100... - Nov 24 12:49 GMT
USD/CHF Mid-Day Outlook
USD/CHF retreats mildly ahead of 0.9741 resistance and intraday bias remains neutral. The consolidation from 0.9741 mig... - Nov 24 12:47 GMT
USD/JPY Mid-Day 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 12:43 GMT
EUR/USD Mid-Day Outlook
EUR/USD recovers mildly ahead of 1.2357 support and intraday bias remains neutral. More consolidation could be seen. Bu... - Nov 24 12:40 GMT

Special Reports

China Watch: PBOC's Surprising Rate Cuts Signal The Beginning Of Easing Cycle
Nov 24 10:49 GMT
The People's Bank of China (PBOC) cut the benchmark 1-year lending rate by -40b...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9630
As the greenback has retreated after rising briefly to 0.9731 initially today, retaining our view that further consolidation belo... - Nov 24 16:07 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.5645
As the British pound has rebounded after holding above Friday's low at 1.5626, retaining our view that further consolidation abov... - Nov 24 16:03 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2470
Although the single currency has continued to edge higher after rebounding from intra-day low of 1.2359 and further consolidation... - Nov 24 15:58 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although dollar has rebounded after holding above Friday's low at 117.36 and test of 118.50-55 cannot be ruled out, a sustained b... - Nov 24 15:52 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Despite rebounding to 1.2600 last week, the single currency faltered just ... - Nov 24 08:58 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback extended recent upmove to as high as 118.98 last we... - Nov 24 08:37 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
The single currency finally retreated after rising to 149.14 yesterday and... - Nov 21 09:36 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7940
As the single currency has remained under pressure after Friday's ECB inspired selloff, suggesting caution on our bullishness and... - Nov 24 14:34 GMT
Trade Idea: USD/CAD - Stand aside
The greenback dropped again on Friday and fell to as low as 1.1191 before recovering, however, reckon minor resistance at 1.1326 ... - Nov 24 14:31 GMT
Trade Idea: EUR/JPY - Sell at 148.00
As the single currency has recovered after finding support at 145.59 earlier today, suggesting consolidation with initial upside ... - Nov 24 09:33 GMT
Trade Idea: AUD/USD - Stand aside
Despite Friday's brief bounce to 0.8723, lack of follow through buying and the subsequent retreat suggest further consolidation w... - Nov 24 09:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback extended recent upmove to as high as 118.98 la... - Nov 24 09:55 GMT
EUR/USD Elliott Wave Analysis
Although The single currency met renewed selling interest at 1.2600 l... - Nov 24 09:47 GMT
EUR/JPY Elliott Wave Analysis
The single currency has finally retreated after rising to 149.14 yest... - Nov 21 11:12 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Nov 24 21:05 GMT

Action Bias

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

Fundamental Analysis Reports

USD/JPY - Steady in Light Holiday Trade
Nov 24 14:01 GMT, by MarketPulse
The Japanese yen has started the week quietly, as USD/JPY trades in the low-118 range. The yen remains at the lowest levels we’ve seen since August 2007. Will we see a 120 yen this week? On the...
Gold Starts Week Close to $1200
Nov 24 13:43 GMT, by MarketPulse
Gold has posted modest gains on Thursday, recovering losses sustained a day earlier. The spot price is trading at $1196 per ounce in the European session. On the release front, it's a very quiet day,...
Important Economic Releases To Drive The Market In The Week Ahead
Nov 24 13:04 GMT, by Admiral Markets
Last week what looked like a lackluster, range-bound market ended with yet another week of strong performance for the overall US Dollar Index (I.USDX). The US Dollar strength was primarily trigger by...
German IFO Expectations Increased for First Time Since April
Nov 24 11:56 GMT, by Danske Bank
German IFO expectations have increased for the first time since April and were at 99.7 in November up from 98.3 in October. The improvement was in line with the financial ZEW expectations, which is u...
EUR/USD - Euro Close to 2-Year Lows After Draghi Remarks
Nov 24 11:54 GMT, by MarketPulse
EUR/USD is stable on Monday, as the pair trades at the 1.24 line in the European session. On the release front, there was good news out of Germany, as Ifo Business Climate improved to 104.7 points in...
EUR Weakens As Traders Price In The QE, EUR/CHF Stable
Nov 24 11:08 GMT, by Swissquote Bank SA
The EUR-complex started the week downbeat as it was Asian traders’ turn to adjust EUR-positions post-Draghi. EUR/USD hit 1.2360 at early trading hours – a stone’s throw higher than November’s 1.2358 ...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Case for a EURUSD Bounce This Week
Nov 24 14:08 GMT, by Forex.com
Given today's Japanese bank holiday (Labor Thanksgiving Day), it's not surprising that the FX markets have gotten off to a bit of a slow start. The performance of the US Dollar has been mixed in Asia...
IMM Positioning: Bullish USD Bets Regain Momentum – At A New Record High
Nov 24 10:30 GMT, by Danske Bank
IMM data released on Friday revealed the largest single week bearish JPY build since September, sending speculative positioning to the 15th percentile (see page 4). The move reflects the previous wee...
Today's Market Outlook
Nov 24 10:07 GMT, by Windsor Brokers Ltd
The Euro maintains negative tone after last Friday’s sharp fall followed rejection at 1.2570, trendline resistance and nearly fully retraced 1.2357/1.2597 upleg. Long red candle of last Friday, as we...
AUDUSD Elliott Wave Analysis: Corrective Rally
Nov 24 09:54 GMT, by Elliott Wave Financial Service
As expected, AUDUSD fell to a new low of the year last at the start of the month after we recognized a sideways price action which was wave four. After wave four you will see wave 5, which means that...
EUR/USD Plummets To 2014 Low
Nov 24 09:26 GMT, by Dukascopy Swiss FX Group
Since EUR/USD confronted the falling resistance line last week and failed to violate it, the overall downward trend should remain intact. However, in order to confirm the long-term bearish intentions...
GBP/USD Is Stuck To Monthly S2
Nov 24 09:25 GMT, by Dukascopy Swiss FX Group
The Cable keeps trading around its monthly S2 level, being limited by the resistance at 1.57 from the upside and the support at 1.56 from the downside. According to the near-term indicators, the bear...
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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