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Oct 24 08:29 GMT

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Daily Report: Dollar Rebound Lost Momentum, UK GDP Awaited
Oct 24 02:23 GMT, by ActionForex.com
US equities extended this week's rebound with a strong close overnight as boosted by positive earnings reports. DJIA closed up 216.58 pts, or 1.32%, at 16677.9 while S&P 500 closed up 23.71 pts, or 1.23%, at 1950.82. Also, it should noted that treasury yield also rose yesterday with 30 year yield closed above 3% level at 3.046%. That compared ...

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 24 08:23 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 24 08:21 GMT
EUR/GBP Daily Outlook
No change in EUR/GBP's outlook. Intraday bias remains neutral for the moment and some more consolidations could be seen... - Oct 24 08:19 GMT
EUR/AUD Daily Outlook
As noted before, the rebound from 1.3792 could have finished at 1.4704 already. Break of 1.4313 will confirm near term ... - Oct 24 08:17 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 : 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 07:54 GMT
Trade Idea: 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 07:44 GMT
Trade Idea: 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 07:31 GMT
Trade Idea: 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 07:26 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
EUR/CHF - Candlesticks and Ichimoku Analysis
Euro's retreat after meeting renewed selling interest at 1.2140 has retain... - Oct 23 09:15 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has recovered after early selloff to 0.7709 and further cons... - Oct 22 09:45 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

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
Trade Idea: EUR/JPY - Buy at 135.95
Although the single currency fell briefly to 135.21 earlier today, as euro found renewed buying interest there and has rebounded ... - Oct 23 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Aussie has remained locked within recent established range and although initial recovery to 0.8835-45 cannot be ruled out, reckon... - Oct 23 08:45 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
The single currency only eased to 0.7850 before finding renewed buyin... - Oct 23 10:12 GMT
USD/CAD Elliott Wave Analysis
The greenback rose again after brief pullback and indicated previous ... - Oct 23 10:07 GMT
EUR/CAD Elliott Wave Analysis
Although euro's rebound from 1.4012 turned out to be stronger-than-ex... - Oct 22 11:01 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 24 08:20 GMT

Action Bias

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

China's Activity In Manufacturing Sector At 3-Month High In October
Oct 24 08:10 GMT, by Dukascopy Swiss FX Group
Business activity in the Chinese manufacturing sector picked up to the highest level in three months in October, easing concerns over the pace of the nation's economic growth. The flash HSBC Manufact...
Mixed Data From Euro Zone Indicates Economy Still In Danger Zone
Oct 24 08:02 GMT, by Dukascopy Swiss FX Group
While German activity in the manufacturing sector unexpectedly rose in October, France continues to experience a decline in the corresponding gauge. The flash manufacturing PMI came in at 47.3, down ...
Initial Jobless Claims Rise, But Stay Well Below 300,000 Level
Oct 24 08:01 GMT, by Dukascopy Swiss FX Group
The number of Americans seeking unemployment benefits increased last week, yet remained near the lowest level in 14 years, adding to further evidence of improving labour market. Initial claims for jo...
UK Retail Sales Fall More Than Expected On Warm Autumn Weather
Oct 24 07:59 GMT, by Dukascopy Swiss FX Group
Retail sales in Britain declined more than expected in September, as clothing sales experienced the biggest decrease since April 2012. The volume of sales dropped 0.3% from August, with clothing and ...
NZ Inflation Cools, Moving Rate Hike Expectations Well Into 2015
Oct 24 07:58 GMT, by Dukascopy Swiss FX Group
The New Zealand Dollar weakened versus the Greenback after the release of inflation data, which disappointed market participants to the downside. Inflation slowed more than expected in the third quar...
NZD Weaker On Trade Data, UK GDP In Focus
Oct 24 07:27 GMT, by Swissquote Bank SA
The risk appetite remained limited in Asia as doctor back from South Africa tests positive for Ebola in NYC hospital. The US equity futures traded lower overnight; Dow Jones futures weakened 0.14%, S...
All Daily Fundamental Reports >>

Technical Analysis Reports

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 ...
EUR/USD Makes A Pit Stop At 1.26
Oct 24 07:22 GMT, by Dukascopy Swiss FX Group
EUR/USD has found some support at 1.26, and the pair is currently consolidating, meaning there is unlikely to be continuation of the decline today. But in the coming weeks there is expected to be a r...
GBP/USD Is About To Close The Week In Red
Oct 24 07:21 GMT, by Dukascopy Swiss FX Group
A failure of the Cable to close above 1.62 this week resulted in the near-term technical indicators becoming even more bearish—six out of eight studies on the weekly time-frame are now pointing downw...
USD/JPY Surprises To The Upside
Oct 24 07:20 GMT, by Dukascopy Swiss FX Group
USD/JPY overshot our expectations by a wide margin by effortlessly piercing through the resistance at 108. And while the weekly technical studies are mostly giving ‘buy' signals, the pair must confir...
USD/CHF Halted By An Up-Trend
Oct 24 07:19 GMT, by Dukascopy Swiss FX Group
The US Dollar came under the selling pressure ahead of the resistance at 0.9571, which is likely to act as a temporary ceiling. But USD/CHF should preserve the upward tendency, as eventually the pair...
Daily FX Report
Oct 24 05:32 GMT, by Varengold Bank
Yesterday the Dow Jones Index of shares climbed 1.3 percent and the Standard & Poor's Index rose 1.2 percent. On Thursday reports showed that retail sales in U.K. dropped more in the past month t...
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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