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Oct 31 12:42 GMT

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European Session: Orders and Options Watch
Oct 31 09:26 GMT, by ActionForex.com
JPY: Dollar rallied to fresh 7-year high as BOJ expanded its stimulus package, offers at 109.50, 109.75-85, 110.00-10 were filled, bids are raised to 111.00, 110.50 and 110.20-25, more buy orders are tipped at 110.00, 109.70-75 and 109.40-50, fresh demand should emerge around 109.20 and 109.00 with stops building up below 108.80. On the upside, so...

Technical Outlook

GBP/JPY Daily Outlook
GBP/JPY's strong rise today suggests that fall from 180.70 has completed already. Intraday bias is back on the upside f... - Oct 31 09:52 GMT
EUR/JPY Daily Outlook
EUR/JPY's strong rise today firstly indicates that fall from 141.21 has completed. More importantly, whole correction p... - Oct 31 09:44 GMT
EUR/GBP Daily Outlook
At this point, EUR/GBP is holding above 0.7849 minor support and outlook is unchanged. We're favoring the case that EUR... - Oct 31 09:34 GMT
EUR/AUD Daily Outlook
EUR/AUD's fall continues today and took out 1.4313 support. The development confirmed that rebound from 1.3792 has comp... - Oct 31 09:31 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 0.9550
As the greenback found renewed buying interest at 0.9544 yesterday and has rallied again, adding credence to our bullish view tha... - Oct 31 10:32 GMT
Trade Idea Update: GBP/USD - Sell at 1.6025
The British pound also slipped after rebounding to 1.6039 yesterday, suggesting the fall from 1.6184 is still in progress, break ... - Oct 31 10:24 GMT
Trade Idea Update: EUR/USD - Sell at 1.2630
The single currency has fallen again after meeting renewed selling interest at 1.2632 yesterday, bearishness remains for the fall... - Oct 31 10:16 GMT
Trade Idea Update: USD/JPY - Buy at 110.50
As the greenback has rallied after finding renewed buying interest at 108.80 and broke above previous chart resistance at 110.09,... - Oct 31 10:12 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Current rally signals recent decline has formed a low at 134.14 earlier (w... - Oct 31 08:22 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the greenback has retreated after rising to 1.1386 earlier this month, ... - Oct 31 08:00 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under near term pressure after retreat... - Oct 30 09:44 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 139.00
As the single currency has rallied again on BOJ, confirming recent decline has ended at 134.14 and impulsive wave has commenced f... - Oct 31 09:43 GMT
Trade Idea: AUD/USD - Hold short entered at 0.8840
Although aussie has rebounded after falling to 0.8755 yesterday, reckon upside would be limited to 0.8855-60 and bring another de... - Oct 31 09:31 GMT
Trade Idea: EUR/GBP - Buy at 0.7820
Although the single currency has remained under pressure and near term downside risk remains for the fall from 0.8047 to extend w... - Oct 30 14:37 GMT
Trade Idea: USD/CAD - Buy at 1.1080
Although the greenback recovered after falling to 1.1122 yesterday, reckon 1.1255-65 would limit upside and near term downside ri... - Oct 30 14:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has rallied after brief pullback, adding credence... - Oct 31 10:06 GMT
USD/CHF Elliott Wave Analysis
The greenback found renewed buying interest at 0.9442 and has rebound... - Oct 31 09:57 GMT
EUR/GBP Elliott Wave Analysis
As the retreat from 0.8047 has kept euro under pressure, suggesting i... - Oct 30 10:40 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 31 12:35 GMT

Action Bias

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

Fundamental Analysis Reports

BoJ's Brings 'Trick or Treat' to Work
Oct 31 11:58 GMT, by MarketPulse
The forex space has been waiting a long time for a plethora of monetary and policy reasons to once again ignite currency moves. For too long, CBanks no-nonsense, low rate approach had been curtailing...
Gold Prices Sink on Strong US Numbers
Oct 31 11:57 GMT, by MarketPulse
Gold prices continue to lose ground on Friday, as the spot price trades at $1174.86 per ounce in the European session. Gold has slipped to its lowest level since 2014, and has tumbled 4.4% since Tues...
Japan: BoJ Expands QE Programme In Surprise Easing Move
Oct 31 11:11 GMT, by Danske Bank
In a big surprise move, the Bank of Japan (BoJ) expanded its QE programme quite aggressively in connection with today's monetary meeting. It expanded the target for the annual expansion in the moneta...
EUR/USD – Euro Weakens As German Retail Sales Plunge
Oct 31 10:55 GMT, by MarketPulse
EUR/USD continues to lose ground on Friday, as the pair trades in the mid-1.25 range in the European session. On the release front, it’s a busy day in the Eurozone and the US. In the Eurozone, German...
Yen Reached Its 6-Year Low At 111
Oct 31 10:42 GMT, by Easy Forex
The euro (EUR) continues the downside as it reached a monthly low at 1.2546 against the US dollar (USD). The Fed officially ended its quantitative easing (QE) program and Fed officials believe that i...
Equities & USD Rally
Oct 31 10:20 GMT, by Swissquote Bank SA
In the Forex market, the only trading strategy that matters is to buy USD. The USD continues to go from strength to strength. Yesterday Q3 GDP came in at a healthy 3.5% verse 3.0% expected. While the...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Wave Analysis
Oct 31 10:39 GMT, by Admiral Markets
The confirmation of the EURUSD starting its 5th wave (orange) is when price breaks below the bottom (green line).One of the most likely alternative wave counts (usually there are multiple options) co...
Forex Technical Analysis
Oct 31 10:33 GMT, by DeltaStock Inc.
The pattern above 1.2540 is corrective in nature, thus preceding a break through 1.2500 low, en route to 1.2380. Initial intraday resistance lies at 1.2600, followed by the 1.2632 high.
Today's Market Outlook
Oct 31 09:54 GMT, by Windsor Brokers Ltd
The Euro remains under pressure, with fresh weakness off 1.2630, yesterday’s recovery peak, hitting fresh 3 ½ week low, on a probe below yesterday’s 1.2545 low. Yesterday’s close below 1.2660, Nov 20...
Technical Analysis for Major Currencies
Oct 31 09:40 GMT, by ICN.com
The pair dropped again after touching around the resistance 1.2625 and is trading again below 1.2580. Trading below the referred to level 1.2580 extends the downside move today, while breaking 1.2485...
Technical Analysis for Crosses
Oct 31 09:40 GMT, by ICN.com
The pair rallied to the upside after confirming the Inverted Head and Shoulders Pattern showing above, and is attempting to breach the second target at 176.35 easing the way to extend the bullish bia...
Elliott Wave Morning Review For GOLD & USDJPY
Oct 31 09:29 GMT, by Elliott Wave Financial Service
USDJPY move to a new high of the year, now moving within wave (iii) that can reach levels around 112 where we see 261.8% Fibonacci extension target. Any downward pullbacks in the middle of this bulli...
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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