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Dec 19 15:09 GMT

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Mid-Day Report: CAD Mildly Lower after Weak Inflation Data
Dec 19 13:50 GMT, by ActionForex.com
Canadian dollar weakens mildly in early US session after weaker than expected inflation data. Headline CPI dropped -0.4% mom in November and dragged annual rate to 2.0% yoy. That was much weaker than expectation of -0.2% mom, 2.3% yoy. Core CPI also dropped -0.2% mom and slowed to 2.1% yoy versus expectation of 0.1% mom and 2.4% yoy. Retail sales ...

Technical Outlook

USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the upside for the moment. Prior break of 0.9817 resistance confirmed resumption of... - Dec 19 13:57 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.5540 will confirm resumption of wh... - Dec 19 13:54 GMT
USD/JPY Mid-Day Outlook
The recovery from 115.55 temporary low is expected to extend higher to retest 121.84 high. But break there is needed to... - Dec 19 13:53 GMT
EUR/USD Mid-Day Outlook
EUR/USD dips mildly today but is held by 1.2246 support so far. Intraday bias remains neutral and more corrective tradi... - Dec 19 13:49 GMT

Special Reports

SNB Surprisingly Introduces Negative Rates To Defend EURCHF Floor
Dec 19 04:01 GMT
The SNB surprisingly announced to cut interest rate to -0.25% on sight deposit ...
Fed Replaced 'Considerable Time' Language With Patience In Normalization
Dec 18 04:04 GMT
Fed members removed the 'considerable time' language in the December FOMC state...
BOE: Sharp Fall In Oil Prices Supportive Of Economy. Benign Inflation Signaled Rate Hike Not The Time Yet
Dec 17 11:08 GMT
The BOE minutes for the December meeting showed that the members had detailed d...
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Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day selloff to 0.9553, as the greenback found support there and has recovered, suggesting consolidation above this ... - Dec 16 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Cable's rally from 1.5602 turned out to be much stronger than expected and the intra-day breach of resistance at 1.5747-57 signal... - Dec 16 16:00 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has eased after intra-day rise to 1.2570, suggesting consolidation would be seen and pullback to the Kijun... - Dec 16 15:57 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has recovered after intra-day selloff to 115.57, suggesting minor consolidation would be seen and recovery to th... - Dec 16 15:54 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound rebounded after falling to fresh 2014 low of 1.... - Dec 16 06:38 GMT
USD/CHF Candlesticks and Ichimoku Analysis
As the greenback has retreated again after brief rise to 0.9818 early last... - Dec 16 06:21 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded after falling to 1.2247, as long as... - Dec 15 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite intra-day brief rise to 0.8007, lack of follow through buying and current retreat suggest an intra-day top has possibly b... - Dec 16 14:34 GMT
Trade Idea: USD/CAD - Buy at 1.1520
As the greenback has eased after rising to 1.1674, suggesting minor consolidation would be seen and pullback to 1.1550 cannot be ... - Dec 16 14:26 GMT
Trade Idea: EUR/JPY - Sell at 146.70
As euro's decline has gathered momentum, adding credence to our view that top has been formed at 149.79 (tentatively wave v peak)... - Dec 16 09:12 GMT
Trade Idea: AUD/USD - Stand aside
Although the Australian dollar has remained under pressure and near term downside risk remains for recent decline to extend margi... - Dec 16 09:01 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
As the British pound recovered after falling marginally to 1.5541 las... - Dec 16 08:18 GMT
USD/CHF Elliott Wave Analysis
Although the greenback rose marginally to 0.9818 last week, as dollar... - Dec 16 08:09 GMT
USD/JPY Elliott Wave Analysis
Although the greenback rose to as high as 121.85, the subsequent retr... - Dec 15 11:28 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Dec 19 15:00 GMT

Action Bias

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

Fundamental Analysis Reports

Week in FX - Patient Fed Soothes Jittery Markets
Dec 19 14:46 GMT, by MarketPulse
Capital markets are poised to fall silent as the holidays are about to begin in earnest. It's in hot pursuit of the broad-based risk-on rally that has given U.S. equities their biggest two-day gain o...
USD/CAD - Almost Unchanged Ahead of Canadian CPI, Retail Sales Reports
Dec 19 12:58 GMT, by MarketPulse
The Canadian dollar is showing little movement on Friday, as USD/CAD trades at the 1.16 line. On the release front, Canada releases CPI and Retail Sales data. The markets are bracing for weak figures...
Gold Stays Steady Close To $1200
Dec 19 11:25 GMT, by MarketPulse
Gold is showing little movement on Friday, continuing the lack of activity we have seen for most of the week. In the European session, the spot price stands at $1197.48. There are no US releases on F...
Volatility In Emerging Markets Remains
Dec 19 11:03 GMT, by Swissquote Bank SA
Trading in fx emerging markets remains jittery heading into the weekend. In addition, low participation and thin liquidity conditions are amplifing forex disorderly markets. The massive volatility sp...
EUR/USD – Flat As German Consumer Confidence Matches Forecast
Dec 19 10:49 GMT, by MarketPulse
EUR/USD is flat on Friday, as the pair trades in the high-1.22 range in the European session. The euro remains under pressure and has lost over 200 points since the start of trading on Wednesday. On ...
European Market Update: EU Mid-Market Update: Holiday Mode kicking In
Dec 19 10:21 GMT, by Trade The News
The USD was steady in a quiet session following a resurgence of the Fed- and SNB-inspired global risk appetite environment. The EUR/USD remained below the 1.23 level on intensifying speculation of a ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Technical Outlook: Important CHF Crosses
Dec 19 14:06 GMT, by Admiral Markets
Even after the Thursday's news, CHFJPY continued trading near the 23.6% Fibonacci Retracement of its October - December up-move. The 120.50 and the 120.20 levels are likely immediate supports for the...
Technical Overview - GBPAUD, AUDJPY and AUDCAD
Dec 19 14:04 GMT, by Admiral Markets
Following a test of 1.9300 mark resistance, comprising of 100% Fib. expansion level and 38.2% Fib. retracement level of Oct. 2008 to March 2013 big downfall, the pair has started witnessing some prof...
DJIA: Santa Rally Well and Truly Underway
Dec 19 13:01 GMT, by Forex.com
US stock index futures are pointing to a slightly higher open on Wall Street today. On Wednesday, we reported that stocks could bounce back as the Fed prepared to deliver its last policy statement of...
EUR/USD Consolidates Below 1.23
Dec 19 10:33 GMT, by Dukascopy Swiss FX Group
EUR/USD pair continued to trade under the bearish pressure, as they pushed the cross below 1.23. At the moment the only support before the 2014 low is represented by a Bollinger band at 1.2255, which...
GBP/USD Bounces Towards Weekly PP
Dec 19 10:32 GMT, by Dukascopy Swiss FX Group
Since the last time of writing the pair has managed to reverse the sharp drop that took place late on Wednesday and currently it is hovering around the weekly PP at 1.5672. In case the pair wants to ...
USD/JPY Continues To Challenge 119.38
Dec 19 10:31 GMT, by Dukascopy Swiss FX Group
The USD/JPY cross has not changed much since yesterday, as it continues to challenge the weekly PP at 119.38. Most likely the pair will have the strength to test the major level at 120; however if no...
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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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