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May 22 02:48 GMT

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US Session: Orders and Options Watch
May 21 14:36 GMT, by ActionForex.com
GBP: The British pound tumbled again today in London on active cross-selling in sterling, bids at 1.5180-1.5200 were filled and stops below 1.5150 were tripped, some buy orders are still seen at 1.5100-10 with more stops tipped below 1.5090-95 and fresh demand from Middle East names should emerge around 1.4970-75 and 1.4950. On the upside, offers ...

Technical Outlook

EUR/USD Mid-Day Outlook
No change in EUR/USD's outlook. With 1.2929 minor resistance intact, deeper decline is still expected in EUR/USD for 1.... - May 21 13:08 GMT
USD/CHF Mid-Day Outlook
No change in USD/CHF's outlook. As long as 0.9578 support holds, further rally is still expected. Sustained trading abo... - May 21 13:06 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 103.30 temporary top. But downside... - May 21 13:05 GMT
GBP/USD Mid-Day Outlook
GBP/USD's fall from 1.5606 resumed after brief consolidations and reaches as low as 1.5137 so far. As noted before, cor... - May 21 12:57 GMT

Special Reports

RBA Minutes Signaled Rate Cut Was Needed To Boost Growth
May 21 04:59 GMT
The RBA released minutes for the May monetary policy meeting, explaining the ra...
BOE Stands on the Sideline, Awaiting Carney
May 09 13:20 GMT
The BOE refrained from adding further stimulus at the May meeting, i.e. leaving...
RBA Cut Rate To Record Low
May 07 05:49 GMT
The RBA cut the cash rate by -25 bps to 2.75% in May citing that domestic growt...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold long entered at 0.9670
Despite intra-day rebound to 0.9751, current sharp retreat signals recent upmove is not ready to resume yet and further consolida... - May 21 16:01 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5245
Despite intra-day resumption of decline to 1.5113 (exactly as indicated level of 50% projection of 1.5593-1.5173 measuring from 1... - May 21 15:57 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day retreat to 1.2841, current rebound has retained our view that further consolidation above last week's low of 1.... - May 21 15:50 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 102.65
Despite intra-day rebound to 102.89, current retreat has retained our view that further consolidation below last week's high of 1... - May 21 15:43 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound extended recent decline from 1.5607 to as low a... - May 21 10:06 GMT
USD/CHF Candlestick and Ichimoku Analysis
The greenback continued to find good support just above the Tenkan-Sen and... - May 21 09:43 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency continued to head soutyh last week and price finally b... - May 20 10:28 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
As the single currency has rebounded again after brief retreat, dampening our bearishness and test of resistance at 0.8516 (last ... - May 21 15:10 GMT
Trade Idea: USD/CAD - Buy at 1.0260
As the greenback has risen again after retreating to 1.0217 yesterday (we recommended to buy at 1.0200), suggesting recent upmove... - May 21 14:44 GMT
Trade Idea: EUR/JPY - Buy at 131.35
As the single currency staged a strong rebound after yesterday's brief fall to 130.93, suggesting consolidation within 103.93-132... - May 21 08:45 GMT
Trade Idea: AUD/USD – Sell at 0.9915
Aussie's recovery after last week's selloff to 0.9711 has retained our view that minor consolidation above this level would be se... - May 21 08:41 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound only recovered to 1.5323 (we recommended to sell at... - May 21 11:01 GMT
GBP/JPY Elliott Wave Analysis
Although the British pound moved higher again to as high as 156.75 ea... - May 21 10:54 GMT
USD/JPY Elliott Wave Analysis
The greenback only eased to 98.58 before finding renewed buying inter... - May 20 11:03 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: May 22 03:40 GMT

Action Bias

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

Fundamental Analysis Reports

Japanese Merchandise Trade Balance Fell More-Than-Estimated In April
May 22 02:42 GMT, by ICN.com
Merchandise trade balance fell more-than-estimated in the world's third largest economy on the background of global economic instability and curbed domestic demand amid the raising caution, which hur...
Forex Exchange Morning Report
May 22 02:37 GMT, by Westpac Institutional Bank
The US dollar index rose and fell around Bullard's speech for little net change. EUR rose from 1.2841 to 1.2934. USD/JPY ranged between 102.30 and 102.90. AUD consolidated in a wide range of 0.9752-0...
Prepping For The BOJ: Nikkei
May 22 02:34 GMT, by Forex.com
After rising to its highest level since 2008, the Nikkei traded sideways on Tuesday ahead oif the BOJ meeting tomorrow. The BOJ is not expected to alter policy after its enormous injection of stimulu...
Markets Await Bernanke, Stocks Bid, USD Pressured
May 22 02:30 GMT, by Vantage FX
On FX markets the Dovish talk from the Fed knocked the US dollar from highs against the Euro and Yen and it is trading at 1.2907 and 102.49 respectively this morning. Against the CAD it is likewise l...
Sterling: Bruised but Not Battered after Inflation
May 21 11:58 GMT, by Forex.com
The pound has come under pressure after the weaker than expected inflation reading for April earlier this morning. Headline CPI fell to 2.4% (expectations were for a decline to 2.6%, from 2.8% in Mar...
Is The Dollar To Be Given A Bull Run Break Before Ben?
May 21 11:56 GMT, by OANDA
The market yesterday was a write-off in terms of price action, as a few sovereign nations managed to squeeze in a national holiday in parts of Europe and in Canada. This week's US fundamental highlig...
All Daily Fundamental Reports >>

Technical Analysis Reports

NZDCAD: Testing Key Support
May 22 02:35 GMT, by Forex.com
NZDCAD has been on a downward trajectory since early April, with the sell-off intensifying after the pair broke through a key support zone around 0.8450 – bottom of daily Ichimoku cloud, trend line s...
USDJPY Bullish Channel Persists Ahead Of BOJ
May 22 02:32 GMT, by Forex.com
The Bank of Japan's policy meeting will conclude tonight and we do not anticipate any significant changes to current policy as aggressive measures were taken early last month at Kuroda's inaugural me...
FX Mover: USDCAD
May 21 15:05 GMT, by Forex.com
This cross has broken above short term resistance at 1.0300 this afternoon, the highest level since early March. There are no specific drivers for the move, and it seems like USDCAD is being driven b...
EUR/USD Falls from 1.29; Swing Projection and Bernanke Risk Event
May 21 13:02 GMT, by FXTimes
1.29 resistance: The EUR/USD rallied from just below 1.28 up to 1.29 by the 5/21 Asian session. After several failed attempts it fell and tested the “central pivot area” 1.2840-1.2850. Al...
EUR/GBP Rallies Sharply on Lower UK Inflation Data
May 21 13:00 GMT, by FXTimes
Lower UK inflation: The April inflation data for the UK came in at an annual rate of 2.4%, which was lower than forecast of 2.6% and was much lower than March’s 2.4%. The GBP weakened across th...
GBP/USD Trading Lower in a Falling Wedge
May 21 12:01 GMT, by FXTimes
Resistance: The GBP/USD rallied to about 1.5275 during the 5/20 session. There was a local resistance pivot and was coincident with a projected falling trendline. The USD gained overnight during the ...
All Daily Technical Reports >>

Analysis Report Search

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Long Term Forecasts

Is the U.K. Economy (Finally) Turning the Corner?
Apr 29 15:48 GMT, by Wells Fargo Securities
Recently released data show that real GDP in the United Kingdom grew 0.3 percent (1.2 percent at an...
Easy Money: Japan's Policy Gamble
Apr 13 04:00 GMT, by Wells Fargo Securities
This report focuses on Japan and considers the domestic implications of the bold fiscal and monetar...
A Bird's Eye View of the Global Economy
Mar 19 16:25 GMT, by TD Bank Financial Group
The global economy grew by an estimated 2.9% in 2012. The euro zone double dip recession, a softer ...
FX Top Trades 2013: How to Position for the Coming Year
Dec 05 14:55 GMT, by Danske Bank
For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2...
Implications for UK & Canada from the Appointment of Mark Carney as BoE Governor
Nov 27 11:51 GMT, by TD Bank Financial Group
Chancellor Osborne announced today that Mark Carney, currently the Governor of the Bank of Canada, ...
All Long Term Forecasts >>
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