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Oct 24 13:27 GMT

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Mid-Day Report: Sterling Steady as GDP Met Expectation
Oct 24 12:33 GMT, by ActionForex.com
Sterling is steady in range today as data showed GDP growth moderated to 0.7% qoq in Q3, inline with consensus. Looking at the details, services were the largest contribution and climbed 0.7% qoq. Production rose 0.5% qoq while construction grew 0.8% qoq. The data showed that growth in UK remained solid and would likely continue to outperform most...

Technical Outlook

EUR/USD Mid-Day Outlook
Focus remains on 1.2624 minor support. Firm break of 1.2624 will indicate that the correction from 1.2500 has completed... - Oct 24 12:42 GMT
USD/CHF Mid-Day Outlook
At this point, focus remains on 0.9561 minor resistance. Break will confirm that pull back from 0.9688 has finished at ... - Oct 24 12:40 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the upside for the moment. As noted before, the pull back from 110.08 is completed ... - Oct 24 12:38 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral and the consolidation from 1.5876 might extend. But in any case, as long as 1.... - Oct 24 12:34 GMT

Special Reports

BOC Revised Growth And Inflation Outlook Higher In October
Oct 23 05:31 GMT
The BOC left the overnight rate unchanged at 1% in October. Accordingly, the Ba...
British Pound Declined after Dovish BOE Minutes
Oct 22 13:08 GMT
The British pound slipped after the release of the BOE minutes for the October ...
Decelerated Chinese Growth Calls For More Easing
Oct 21 09:06 GMT
China's GDP growth exceeded market expectations in 3Q14 but the dataflow for Se...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9470
As the greenback has maintained a firm undertone after rising to 0.9559 yesterday, suggesting the rise from 0.9360 is still in pr... - Oct 24 10:15 GMT
Trade Idea Update: GBP/USD - Stand aside
Despite yesterday's brief fall to 1.5995, lack of follow through selling suggests consolidation would be seen and recovery to 1.6... - Oct 24 10:13 GMT
Trade Idea Update: EUR/USD - Sell at 1.2730
As the single currency has remained under pressure, suggesting the fall from 1.2887 top is still in progress, a break of support ... - Oct 24 10:11 GMT
Trade Idea Update: USD/JPY - Buy at 107.50
As the greenback has maintained a firm undertone after yesterday's rally above previous resistance at 107.50, adding credence to ... - Oct 24 10:08 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Although the single currency dropped again after brief recovery and fell q... - Oct 24 10:00 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
Despite last week's rise to 1.1386, the subsequent retreat suggests consol... - Oct 24 09:45 GMT
EUR/GBP - Candlesticks and Ichimoku Analysis
Although euro's stronger-than-expected rebound to 0.8047 (this month's hig... - Oct 23 09:28 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 135.95
The single currency found good support at 135.21 yesterday and staged the anticipated rebound, adding credence to our view that l... - Oct 24 09:08 GMT
Trade Idea: AUD/USD - Sell at 0.8805
Although near term sideways trading is likely to continue in the form of a possible triangle wave iv, reckon upside would be limi... - Oct 24 09:01 GMT
Trade Idea: EUR/GBP - Sell at 0.7970
Although euro recovered after intra-day marginal fall to 0.7871 and consolidation with mild upside bias is seen for recovery to 0... - Oct 23 15:08 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback continued to meet resistance around 1.1296, retaining our view that further consolidation below resistance at 1.... - Oct 23 15:01 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Despite resuming recent fall to as low as 134.14 last week, the subse... - Oct 24 10:34 GMT
USD/CHF Elliott Wave Analysis
Although the greenback slipped last week to 0.9360 (we recommended to... - Oct 24 10:27 GMT
EUR/GBP Elliott Wave Analysis
The single currency only eased to 0.7850 before finding renewed buyin... - Oct 23 10:12 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 24 13:20 GMT

Action Bias

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

GBP/USD - Pound Steady as GDP Dips But Matches Forecast
Oct 24 12:07 GMT, by MarketPulse
The pound is showing little movement for a second straight day, as GBP/USD trades in the mid-1.60 range in the European session. On the release front, British Preliminary GDP posted a gain of 0.7% in...
A Welcome Boost For The EU Sentiment
Oct 24 11:01 GMT, by ForexTime
The Eurodollar has traded narrowly for the past two days, with investors most likely focusing on the release of the European Central Bank (ECB) stress test report on Sunday evening. Several rumours h...
AUD/USD – Listless As Markets Await US Housing Data
Oct 24 10:58 GMT, by MarketPulse
It's been an uneventful week for AUD/USD, and this trend continues on Friday, as the pair trades in the mid-0.87-range in the North American session. In economic news, the sole US release on the sche...
EUR/USD – Euro Remains Rangebound Despite Strong German Consumer Confidence
Oct 24 09:58 GMT, by MarketPulse
EUR/USD is showing little activity on Friday, as the pair continues to trade in the mid-1.26 range. The listless euro didn’t show any reaction as German Consumer Climate improved to 8.4 points. In th...
Gold Dips On Positive Jobless Claims Report
Oct 24 09:57 GMT, by MarketPulse
Gold lost ground on Thursday, losing close to 1% of its value against the US dollar. On Friday, the metal's spot price stands at $1231.80 per ounce in the European session. Although Unemployment Clai...
European Market Update: Looming Weekend For Event Risk With ECB Stress Test Results
Oct 24 09:53 GMT, by Trade The News
The GBP currency was a tad firmer as Q3 advance GDP came in line with expectation. The GBP/USD moved 40 pips higher towards 1.6070 area in the aftermath of the data release and poised to snap a 3-day...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD: Move Towards 1.20 May Accelerate Next Week
Oct 24 12:11 GMT, by Forex.com
It would have been unimaginable just a few months ago to be talking about the possibility of the euro falling to 1.20 against the dollar. After all, the last time it was that low was when we were at ...
Forex Technical Analysis
Oct 24 09:09 GMT, by DeltaStock Inc.
The prolonged consolidation above 1.2612 signals, that a larger corrective phase is underway and I favor a reversal above 1.2612 low to initiate a rise towards 1.2743 resistance area. Initial intrada...
Technical Analysis for Major Currencies
Oct 24 08:48 GMT, by ICN.com
The pair attempted to rise yesterday but remained limited below 1.2700, and closed yesterday's trading session below the resistance 1.2660. Stability below the referred to level could extend bearishn...
Technical Analysis for Crosses
Oct 24 08:48 GMT, by ICN.com
The pair touched the first main awaited target at 173.65 and is showing a slight bearish bias affected by the negativity of RSI, while we wait for further positivity in the coming period supported by...
Today's Market Outlook
Oct 24 08:29 GMT, by Windsor Brokers Ltd
The Euro consolidates fresh weakness which found temporary footstep above psychological 1.26 support and low 10 Oct. Near-term price action is in directionless mode, confirmed by yesterday’s Doji can...
USDJPY Elliott Wave Analysis: Uptrend Continuation
Oct 24 08:15 GMT, by Elliott Wave Financial Service
USDJPY found support at 105.19 and is now reversing quite sharply to the upside, and made an important overlap yesterday with 108.00 figure which confirms the fact that a decline from the high was a ...
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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