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European Session: Orders and Options Watch
May 21 08:14 GMT, by ActionForex.com
EUR: The single currency edged higher above 1.2900 level in European opening, mixture of offers and stops at 1.2905-15 is now in focus but fresh offers from Asian sovereign names are tipped around 1.2925-35 and further out at 1.2950 as well as 1.2970, combination of offers and stops are expected at 1.2990-00 and further out at 1.3030-40. On the do...

Technical Outlook

EUR/USD Daily 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 05:20 GMT
GBP/USD Daily Outlook
No change in GBP/USD's outlook. With 1.5322 minor resistance intact, deeper decline is still expected. As noted before,... - May 21 05:18 GMT
USD/CHF Daily Outlook
As long as 0.9578 support holds, further rally is still expected. Sustained trading above 100% projection of 0.9021 to ... - May 21 05:16 GMT
USD/JPY Daily Outlook
A temporary top is in place at 103.30 in USD/JPY and intraday bias is turned neutral. Some consolidations would be seen... - May 21 05:15 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 Update: USD/CHF - Buy at 0.9585
As the greenback has retreated after resuming recent upmove to 0.9761 last week, retaining our view that minor consolidation belo... - May 21 10:31 GMT
Trade Idea Update: GBP/USD - Sell at 1.5235
Despite yesterday's rebound to 1.5281, current sharp retreat after faltering below this level suggest the rebound from 1.5158 (la... - May 21 10:28 GMT
Trade Idea Update: EUR/USD - Sell at 1.2950
Although the single currency has retreated after intra-day marginal rise to 1.2904, reckon 1.2842-46 (previous minor support and ... - May 21 10:23 GMT
Trade Idea Update: USD/JPY - Stand aside
Although the greenback has rebounded after holding above yesterday's low of 102.00, reckon upside woudl be limited to 102.80-85 a... - May 21 10:19 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/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
Trade Idea: EUR/GBP - Hold short entered at 0.8465
Although the single currency rebounded after falling to 0.8420 last week, if our view that top has been formed at 0.8516 last wee... - May 20 14:57 GMT
Trade Idea: USD/CAD - Buy at 1.0200
As the greenback has retreated after rising to 1.0313 last week, suggesting minor consolidation below there would be seen and pul... - May 20 14:53 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 21 13:40 GMT

Action Bias

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

Fundamental Analysis Reports

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...
Pound Falls As Inflation Slows, Dollar Resumes Rise Ahead Of FOMC Minutes
May 21 11:38 GMT, by ICN.com
The royal pound fell to a six-week low against the dollar on Tuesday after data showed U.K. inflation slowed more than economists forecast in April, before of the Bank of England releases minutes of ...
Sterling Weaker On April CPI, Euro On Hold
May 21 10:50 GMT, by Swissquote Bank SA
The FX markets remain on hold ahead of FOMC Chair Bernanke's testimony due tomorrow. Over the past two weeks, the speculations on Fed's tapering of bond purchases have been the key topic across all m...
European Market Update
May 21 10:17 GMT, by Trade The News
The USD/JPY was steady after the Japanese Econ Min Amari backed off from his comments expressing satisfaction with the current value of the JPY. The pair was edging closer towards the 103 handle. A B...
Inflation Risk For GBPUSD
May 21 09:19 GMT, by Forex.com
UK inflation data for April is the economic highlight during the European session today. GBP traders shoudl watch this data as it could have important implications for the pound.
All Daily Fundamental Reports >>

Technical Analysis Reports

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 ...
Forex Technical Analysis
May 21 10:37 GMT, by DeltaStock Inc.
The bias here is positive above 1.2840-50 support area and I favor a rise towards 1.2940 and 1.3020. Crucial on the downside is 1.2840 and initial minor resistance is projected at 1.2900.
USD/JPY Holds Steady Just Bellow 103
May 21 09:40 GMT, by ZIFX.com
On Monday Dollar/Yen decreased with 130 pips. The currency couple depreciated from 103.25 to 101.93 yesterday, matching the negative money flow sentiment at around -15%, closing the day at 102.22. Th...
Morning Forex Technical
May 21 08:27 GMT, by Dukascopy Swiss FX Group
The common European currency recovers, as the price breached the monthly S1 level at 1.2875 and weekly pivot point at 1.2885 yesterday. Seems that Dollar's appreciation takes a break and the pair und...
GBPJPY - Bullish, Broader Bias Remains Higher
May 21 08:16 GMT, by FXTechstrategy
GBPJPY – With GBPJPY continuing to hold on to its broader upside, we look for it to strengthen further in the days ahead. This will leave it targeting the 157.00 level where a violation will aim at t...
Today's Market Outlook
May 21 08:11 GMT, by Windsor Brokers Ltd
The Euro bounced off yesterday's fresh low at 1.2795 and regained psychological 1.2900 barrier, sidelining immediate downside risk. This would open way for stronger corrective action, as near-term st...
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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