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US Session: Orders and Options Watch
May 24 14:16 GMT, by ActionForex.com
EUR: The single currency jumped shortly after the release of better-than-expected German IFO data, however, offers from Asian sovereign names ahead of 1.3000 barrier capped euro's upside and sizeable sell orders are still noted at 1.2990-00 with buy stop orders reported above there and 1.3020 but fresh offers should emerge further out at 1.3050. O...

Technical Outlook

GBP/USD Mid-Day Outlook
Consolidations fro 1.0513 is still in progress and more sideway trading would be seen. In case of stronger recovery, up... - May 24 13:10 GMT
USD/CHF Mid-Day Outlook
No change in USD/CHF's outlook. Consolidation from 0.9578 should be relatively brief as long as 0.9578 support holds. A... - May 24 13:07 GMT
USD/JPY Mid-Day Outlook
No change in USD/JPY's outlook. Consolidation from 103.73 is still in progress and more sideway trading would be seen. ... - May 24 13:05 GMT
EUR/USD Mid-Day Outlook
EUR/USD recovers strongly today but was limited below 1.2997 minor resistance and stays in range. Intraday bias remains... - May 24 12:42 GMT

Special Reports

Bernanke's Testimony And FOMC Minutes Intensified Speculations For QE Tapering
May 23 04:12 GMT
Speculations over Fed's tapering of QE heightened after Chairman Bernanke's tes...
Three Out of Nine BOE Members Proposed to Expand the Size of Asset Purchases
May 22 13:29 GMT
The BOE minutes unveiled that all 9 MPC members voted for keeping the Bank rate...
RBA Minutes Signaled Rate Cut Was Needed To Boost Growth
May 21 04:59 GMT
The RBA released minutes for the May monetary policy meeting, explaining the ra...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has fallen below yesterday's low of 0.9634 and the decline from this week's high of 0.9839 may extend weak... - May 24 15:45 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5250
As the British pound continued to find good support just above the Ichimoku cloud bottom and has rebounded, suggesting near term ... - May 24 15:40 GMT
Trade Idea Wrap-up: EUR/USD - Hold short entered at 1.2975
Euro's intra-day strong rebound to 1.2994 due to the release of better-than-expected German IFO data suggests caution on our bear... - May 24 15:28 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although the greenback has retreated again after intra-day brief bounce to 102.13 and weakness towards this week's low of 100.83 ... - May 24 15:24 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Despite this week's rise to 133.82, the subsequent retreat suggests minor ... - May 24 05:55 GMT
USD/CAD Candlesticks and Ichimoku Analysis
Despite early fall to 1.0014, the subsequent rally and the break of resist... - May 24 04:49 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Despite falling to 0.8420 late last week, the single currency found good s... - May 23 10:18 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite intra-day brief rise to 0.8597, lack of follow through buying on break of previous resistance at 0.8590 and current retre... - May 24 14:36 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0260
Although the greenback retreated after rising to 1.0393 yesterday and minor consolidation below this level would be seen, reckon ... - May 24 14:29 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency has rebounded after finding support at 129.95, as the sharp retreat from 133.82 to 129.95 suggests a... - May 24 08:23 GMT
Trade Idea: AUD/USD – Turn long at 0.9625
Although aussie has retreated after meeting resistance at 0.9778, if our view that a temporary low is possibly formed at 0.9593 i... - May 24 07:57 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency retreated quite sharply after rising to ... - May 24 08:58 GMT
USD/CHF Elliott Wave Analysis
Despite rising to 0.9839 earlier this week, current retreat suggests ... - May 24 08:48 GMT
EUR/GBP Elliott Wave Analysis
Despite last week's fall to 0.8420, as the single currency found good... - May 23 11:26 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 24 21:55 GMT

Action Bias

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

Fundamental Analysis Reports

Weekly Focus: Dark Clouds Over Global Markets
May 24 14:51 GMT, by Danske Bank
Uncertainty on the Chinese economy and global monetary policy triggered turmoil in the markets - but we see this as a correction, not the start of a new trend. US Fed signalled that a scaling down...
U.S. New Orders for Durable Goods Jump in April, but Shipments Decline
May 24 14:33 GMT, by RBC Financial Group
New orders for durable goods jumped 3.3% in April 2013 partially to retrace an upwardly revised 5.9% decline (was -6.9%) in March that in turn, followed an outsized 6.4% jump in February. Much of the...
Tongue Tied Fed Makes For No Easy Decisions
May 24 11:39 GMT, by OANDA
The markets are aware that too much free or nearly free money is going to cause trouble. Japan's equity indices saw it first hand this week when their main stock market fell -7.9% during one session....
Euro Rallies On Surprising German IFO Survey, US Dollar Slumps Vs Yen
May 24 11:34 GMT, by ICN.com
The euro has strengthened against the United States dollar after economic data showed that the Germany economy grew in the first quarter of 2013, while a separate report showed that business confiden...
The Next Phase Of Abenomics
May 24 11:00 GMT, by Forex.com
The first phase of Abenomics, which started at the end of 2012, involved stimulating the economy and expanding the monetary base to JPY 270 trillion, resulting in a sharp drop in the JPY and a large ...
European Market Update
May 24 10:56 GMT, by Trade The News
The Japanese markets continued with its volatility as various Japanese govt officials defended current policies. The Niikei225 Index did manage to eek out gains for the session of under 1%. The JPY c...
All Daily Fundamental Reports >>

Technical Analysis Reports

EURUSD: Testing Key 1.2980 Resistance
May 24 10:23 GMT, by Forex.com
A mix of a stronger than expected German IFO survey for May and a weaker dollar has boosted the EUR this morning and EURUSD is now testing key resistance at 1.2980 - the 50-day moving average. But an...
Forex Technical Analysis
May 24 10:06 GMT, by DeltaStock Inc.
Current slide after 1.2955 peak is only an inner part of the consolidation pattern above 1.2798 and the intraday outlook is positive again, for 1.3020, with a key support at 1.2896.
USD/JPY Ceases Downtrend Above 101 For Now
May 24 09:36 GMT, by ZIFX.com
On Thursday Dollar/Yen decreased significantly with 175 pips. The currency couple depreciated from 103.58 to 100.81 yesterday, matching the negative money flow sentiment at under -16%, closing the da...
Technical Analysis for Major Currencies
May 24 09:04 GMT, by ICN.com
The pair stabled again above the upside support level again and is trading above Linear Regression Indicator 34 forcing us to think that the downside move became weaker. An upside move is likely afte...
AUDUSD - Further Declines Envisaged
May 24 08:45 GMT, by FXTechstrategy
AUDUSD - With AUDUSD seen reversing its recovery attempts on Thursday, there is risk of further downside. Support comes in at the 0.9592 level where a break will target the 0.9500 level. Other suppor...
Morning Forex Technical
May 24 08:12 GMT, by Dukascopy Swiss FX Group
Recent decline triggered by speculation that Fed Chairman Ben Bernanke will cut bond-buying programme failed, as he said that it might be too dangerous to tighten monetary easing during current recov...
All Daily Technical Reports >>

Analysis Report Search

Central Bank Analysis
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Long Term Forecasts

Is the U.K. Economy (Finally) Turning the Corner?
Apr 29 15:48 GMT, by Wells Fargo Securities
Recently released data show that real GDP in the United Kingdom grew 0.3 percent (1.2 percent at an...
Easy Money: Japan's Policy Gamble
Apr 13 04:00 GMT, by Wells Fargo Securities
This report focuses on Japan and considers the domestic implications of the bold fiscal and monetar...
A Bird's Eye View of the Global Economy
Mar 19 16:25 GMT, by TD Bank Financial Group
The global economy grew by an estimated 2.9% in 2012. The euro zone double dip recession, a softer ...
FX Top Trades 2013: How to Position for the Coming Year
Dec 05 14:55 GMT, by Danske Bank
For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2...
Implications for UK & Canada from the Appointment of Mark Carney as BoE Governor
Nov 27 11:51 GMT, by TD Bank Financial Group
Chancellor Osborne announced today that Mark Carney, currently the Governor of the Bank of Canada, ...
All Long Term Forecasts >>
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