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Oct 20 04:22 GMT

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Daily Report: Yen Lower as Nikkei Boosted by GPIF News
Oct 20 02:38 GMT, by ActionForex.com
Yen opens the week generally lower following rebound in Asian equities. In particular, Japanese Nikkei is up over 3% and reclaimed 15000 handle as additional boosted by news regarding the Government Pension Investment Fund, or GPIF. It's reported that the $1.2T GPIF will raise the allocation target for local equities from 12% as much as 25%. Meanw...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium ter... - Oct 20 03:35 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Prior break of 135.50 support was taken as an indication of me... - Oct 20 03:29 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment and some consolidations could be seen. At this point, we're fav... - Oct 20 03:23 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD is neutral for the moment. With 1.4441 minor support intact, further rise is still expected in... - Oct 20 03:20 GMT

Special Reports

Fed's Beige Book Described US Growth As 'Modest to Moderate'
Oct 16 05:38 GMT
The Beige Book prepared by the Minneapolis Fed, covering the period before Octo...
Weakness In Inflation Should Prompt PBOC To Add Stimulus
Oct 15 07:43 GMT
Headline CPI in China decelerated to +1.6% y/y in September from +2% in the pri...
September Minutes: Members Argued About 'Considerable Time' Reference
Oct 09 03:34 GMT
The FOMC minutes for the September meeting unveiled little news about the centr...
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 dropped to 0.9469 (same level as last week's low), as the greenback found good support there again and has... - Oct 14 15:33 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6010
Cable's selloff together with the breach of previous support levels at 1.6009 and 1.5951 signal early decline from 1.7192 top has... - Oct 14 15:29 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2745
As the single currency met renewed selling interest at 1.2768 yesterday and has retreated quite sharply, suggesting another test ... - Oct 14 15:24 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 106.55
Although the greenback slipped again earlier today and near term downside risk remains for recent fall from 110.09 top to bring r... - Oct 14 15:19 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did rebound to 1.6227 (just missed our target a... - Oct 14 08:11 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Last week's retreat to 0.9469 adds credence to our view that a temporary t... - Oct 14 08:08 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Despite rebounding to 109.90 early last week, the subsequent retreat after... - Oct 13 08:40 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7860
As euro's rebound from 0.7766 has gathered momentum and broke above indicated level of 0.7915, adding credence to our view that t... - Oct 14 14:41 GMT
Trade Idea: USD/CAD - Buy at 1.1100
The strong rebound after finding renewed buying interest at 1.1082 suggests the pullback from 1.1270 (this month's high) has poss... - Oct 14 14:35 GMT
Trade Idea: EUR/JPY - Sell at 136.90
As the single currency has fallen again after brief recovery, suggesting recent decline is still in progress and may extend furth... - Oct 14 09:30 GMT
Trade Idea: AUD/USD - Hold short entered at 0.8800
Despite staging a rebound from this week's low of 0.8652, as the Australian dollar met renewed selling interest at 0.8812 and has... - Oct 14 09:25 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Despite recovering to 1.6227 last week, as the British pound met rene... - Oct 14 10:46 GMT
GBP/JPY Elliott Wave Analysis
Despite resuming recent upmove to 180.70, the subsequent reversal sug... - Oct 14 10:38 GMT
USD/JPY Elliott Wave Analysis
Despite last week's initial firmness, as the greenback has retreated ... - Oct 13 10:01 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 20 04:15 GMT

Action Bias

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

Fundamental Analysis Reports

Weekly Wrap: Dollar Correction Extends
Oct 20 03:49 GMT, by ThinkForex
A slight increase of short positions has been added but price continues to whipsaw within a 2c range making positional trading tricky. We have now seen 2x Hammers near the 4-year lows which could eit...
Japan May Delay Another Hike In The Sales Tax
Oct 20 02:27 GMT, by Forex.com
Prime Minister Abe has provided another hint that Tokyo may delay a hike in the sales tax. In an interview with the Financial Times, the PM stated that Japan has the opportunity to end deflation and ...
Stocks Bounce, Taking USDJPY Higher
Oct 20 02:09 GMT, by Vantage FX
Of course, whether it was the S&P 500, or the SPI here in Australia the bounce was as much a solid technical response to huge trendlines as it was to the soothing tones of Janet Yellen, James Bul...
Weekly Economic and Financial Commentary
Oct 18 04:26 GMT, by Wells Fargo Securities
Ghouls and hobgoblins seem to have a knack for taking control over the financial markets in October. The month marked some of the darkest days of the Financial Crisis and also captured many of the wo...
The Weekly Bottom Line
Oct 18 04:07 GMT, by TD Bank Financial Group
Oh, how quickly things can change. Back in July, volatility in equity and bond markets was notably missing. Concerns over complacency in financial markets fell on deaf ears, and certain asset values ...
EURUSD, the Fed and the ECB
Oct 18 03:58 GMT, by Forex.com
A funny thing happened last week: there were signs of a re-emergence of the sovereign debt crisis in the Eurozone, but the euro actually managed to eke out a gain against most of the G10 currencies i...
All Daily Fundamental Reports >>

Technical Analysis Reports

Gold Continues To Shine
Oct 20 03:53 GMT, by ThinkForex
The previous analysis highlighted the potential for a Double Top which would target $1082 and was confirmed with a break below $1240. The idea was to seek any bearish setups up to this level to trade...
USD INDEX: Easy As A-B-C
Oct 20 03:51 GMT, by ThinkForex
The fact remains that USD bulls switched to their highest number of long positions since records began. Whilst this has cooled off slightly it is certainly nothing to become too bearish about at this...
AUD/USD – Steady Below Resistance At 0.88
Oct 20 03:46 GMT, by MarketPulse
During the few weeks the Australian dollar has done well to stop the bleeding and trade within a wide range roughly between 0.8650 and 0.88. Prior to that it had experienced a sharp decline throughou...
Australia 200 – Desperately Trying To Return To Above 5400
Oct 20 03:44 GMT, by MarketPulse
Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading rang...
Daily Technical Analysis
Oct 20 03:34 GMT, by FX Instructor
The EURUSD attempted to push higher last week, topped at 1.2886 but closed lower at 1.2756. The bias is neutral in nearest term but as long as stays inside the bullish channel I still prefer a bullis...
Market Morning Briefing
Oct 20 03:29 GMT, by Kshitij Consultancy Services
The recent huge expansion of volatility is seeing a very normal contraction now, making the pairs mostly trade in ranges. The maximum activity today can be expected in Rupee, which may test the lower...
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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