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Apr 28 19:46 GMT

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Mid-Day Report: Dollar Stays Weak as Markets Await FOMC
Apr 28 13:39 GMT, by ActionForex.com
Dollar extends recent decline as markets await tomorrow's FOMC statement. Fed is widely expected to keep policies unchanged. More importantly, there are little expectations on the changes in the accompanying statement. Weaker than expected economic data released recently ruled out the chance of a rate hike a June. And Fed is highly unlikely to cha...

Technical Outlook

AUD/USD Mid-Day Outlook
AUD/USD's rebound form 0.7532 accelerated today and reaches as high as 0.7979 so far. The strong break of 0.7937 indica... - Apr 28 14:03 GMT
USD/CAD Mid-Day Outlook
USD/CAD's fall resumed by taking out 1.2086 and reaches as low as 1.2049 so far. Intraday bias is back on the downside.... - Apr 28 13:54 GMT
EUR/USD Mid-Day Outlook
Outlook in EUR/USD is unchanged. Price actions from 1.0461 are viewed as a consolidation pattern. As long as 1.1096 res... - Apr 28 13:50 GMT
USD/JPY Mid-Day Outlook
Intraday bias remains neutral for the moment. Overall, the pair is staying in sideway consolidation and another fall co... - Apr 28 13:48 GMT

Special Reports

PBOC Plans To Buy Local Government Bonds?
Apr 28 06:57 GMT
Renminbi fell to the lowest level 13 months amidst news that PBOC would begin p...
China's Manufacturing Sector Contracted Further In April
Apr 24 06:30 GMT
Flash China Manufacturing PMI by HSBC fell to a 12-month low of 49.2 in April f...
SNB Added More Accounts To Negative Rates
Apr 23 05:44 GMT
The SNB announced that it would eliminate some groups of sight deposit account ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day sharp retreat from 0.9599 to 0.9504, as dollar has rebounded again after holding above yesterday's low of 0.949... - Apr 28 16:07 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.5210
As the British pound has rallied after intra-day brief retreat to 1.5175, adding credence to our bullish view that recent upmove ... - Apr 28 16:03 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.0885
As the single currency has surged risen again after finding renewed buying interest above the upper Kumo, adding credence to our ... - Apr 28 15:56 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 119.40
As the greenback has remained under pressure after intra-day fall to 118.77, suggesting bearishness remains for the fall from 120... - Apr 28 15:48 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
As the British pound has continued to move higher after finding renewed bu... - Apr 28 09:15 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback retreated after meeting renewed selling interest at... - Apr 28 08:28 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 1.0660 last week and ... - Apr 27 09:04 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: USD/CAD - Sell at 1.2135
As the greenback has fallen again after brief recovery and broke below previous support at 1.2088, adding credence to our bearish... - Apr 28 14:29 GMT
Trade Idea: EUR/JPY - Hold long entered at 129.00
As the single currency has traded narrowly, suggesting further sideways trading would be seen and as long as 128.80-85 holds, pro... - Apr 28 09:47 GMT
Trade Idea: AUD/USD - Buy at 0.7850
As aussie has continued to head north after breaking resistance at 0.7843, suggesting the rise from 0.7533 low (tentatively wave ... - Apr 28 09:44 GMT
Trade Idea: EUR/GBP - Hold long entered at 0.7135
Despite last week's late bounce to 0.7212, the subsequent retreat suggests further consolidation would be seen, however, as long ... - Apr 27 14:25 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Cable's rise from 1.4566 has gathered momentum after finding renewed ... - Apr 28 10:14 GMT
GBP/CHF Elliott Wave Analysis
Last week's strong rebound suggests first leg of decline from 1.5195 ... - Apr 28 10:08 GMT
USD/JPY Elliott Wave Analysis
Despite last week's rebound to 120.09, the subsequent retreat from th... - Apr 27 11:02 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 28 20:40 GMT

Action Bias

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

Fundamental Analysis Reports

US Consumer Confidence Unexpectedly Fell in April; Existing Home Prices Rose in February
Apr 28 15:18 GMT, by RBC Financial Group
The Conference Board's measure of US consumer confidence unexpectedly declined by 6.2 points to 95.2 in April to retrace a revised 2.6 point increase to 101.4 in March (previously reported as 101.3)....
FOMC Preview: When Will the Effect of Wicked Winter Weather Wane?
Apr 28 13:45 GMT, by Forex.com
The Federal Reserve's Federal Open Market Committee kicks off their two-day meeting today amid little fanfare. While announcements from the world's largest and most important central bank should neve...
Euro Bears on Edge as Grexit Threat Subsides, FOMC in Focus
Apr 28 12:32 GMT, by MarketPulse
Yesterday, the Greek bond market managed to make an aggressive about-turn after news that a Greek government reshuffle diminished the role of Finance Minister Yanis Varoufakis in the ongoing bailout ...
GBP/USD Bounces Back Despite UK GDP Miss
Apr 28 11:09 GMT, by Forex.com
The GBP/USD fell sharply in the immediate aftermath of the UK GDP data, before bouncing back equally strongly to trade above the day’s earlier highs. The ONS reported that the UK economy grew only by...
First Estimate Of GDP Growth Confirms Growth Slowed In Q1
Apr 28 11:02 GMT, by Danske Bank
The Office of National Statistics just released the first estimate of UK Q1 GDP growth (based on approximately 44% of the information). The figures show that growth slowed in Q1 15, down to 0.3 % q/q...
Metals, USD, FOMC, Yellen, S&P, AUD And WTI
Apr 28 10:25 GMT, by ForexTime
Precious metals have encountered a strong resurgence in momentum to begin the week, as traders look to pressure the USD ahead of the FOMC statement on Wednesday evening. The USD is being pressured ah...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Apr 28 10:45 GMT, by DeltaStock Inc.
USD/JPY Yesterday's rebound has been limited below 119.40 resistance and current outlook remains bearish, for a break through 118.52, en route to 117.60 area.
Today's Market Outlook
Apr 28 09:13 GMT, by Windsor Brokers Ltd
The Euro made three consecutive positive daily closes, marking four daily higher highs, on extension of the uptrend from1.0660 higher base. Yesterday’s fresh probe above psychological 1.09 barrier, p...
EUR/USD Rallies Towards 55-Day SMA
Apr 28 08:22 GMT, by Dukascopy Swiss FX Group
EUR/USD rallied for a third consecutive day on Monday as the single European currency is targeting the 55-day SMA, currently at 1.0930. However, a move significantly beyond this mark is unlikely. Add...
GBP/USD Rises Ahead Of UK GDP
Apr 28 08:21 GMT, by Dukascopy Swiss FX Group
Yesterday, despite some troubling volatility to the downside, the GBP/USD pair still ended the trading session with a rally. The Cable managed to overcome the 1.52 level and even went over the Bollin...
USD/JPY Awaits Consumer Confidence
Apr 28 08:20 GMT, by Dukascopy Swiss FX Group
On Monday, the USD/JPY pair surged according to expectations. Even though the US Dollar managed to go over 119.40, it closed at 119.12, just two pips higher than the forecast. The Greenback edged clo...
XAU/USD Jumps Most In Three Months
Apr 28 08:18 GMT, by Dukascopy Swiss FX Group
Waiting for the meeting on the Federal Reserve on Wednesday, Gold has declined noticeably in the beginning of this week. Markets are expecting the Fed to postpone a rate hike due to economy's poor pe...
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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