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Weekly Review and Outlook: Euro Reversing Fortune as Dollar Faces NFP Test
May 02 14:11 GMT, by ActionForex.com
Euro and Swiss Franc ended the week as the strongest major currencies. Inflation data from Eurozone lessened the pressure on ECB to expand stimulus. Also, the markets seemed to be relatively confidence that Greece could eventually strike a deal with international creditors before running out of cash. Both factors provided support to the common cur...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD rebound further to as high as 1.1289 last week before forming a temporary top there and retreated. Initial bias... - May 02 08:33 GMT
USD/JPY Weekly Outlook
USD/JPY continued to engage in sideway trading last week and outlook is unchanged. Overall, the pair could still be in ... - May 02 08:29 GMT
GBP/USD Weekly Outlook
GBP/USD rebounded strongly to 1.5496 last week but face strong resistance below 1.5551/68, 38.2% retracement of 1.7190 ... - May 02 08:24 GMT
USD/CHF Weekly Outlook
USD/CHF's fall from 1.0127 extended lower last week. Initial bias remains on the downside this week and current fall sh... - May 02 08:18 GMT

Special Reports

RBNZ Signaled Easing Bias
Apr 30 03:49 GMT
Kiwi plunged, erasing the gains made over the past 2 days after release of RBNZ...
FOMC Statement Signals June A 'Live' Meeting
Apr 30 02:21 GMT
Notably, the reference that 'an increase in the target federal funds rate remai...
PBOC Plans To Buy Local Government Bonds?
Apr 28 06:57 GMT
Renminbi fell to the lowest level 13 months amidst news that PBOC would begin p...
All Special Reports >>

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Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9305
As dollar has rebounded after intra-day brief fall to 0.9277, suggesting consolidation above this level would be seen with mild u... - May 01 16:40 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5260
As cable's intra-day fall from 1.5397 has gathered momentum, adding credence to our view that top has been formed at 1.5498 earli... - May 01 16:32 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has retreated after intra-day marginal rise to 1.1290, suggesting consolidation below this level would be ... - May 01 16:26 GMT
Trade Idea Wrap-up: USD/JPY - Target met and stand aside
Current anticipated rally together with the breach of previous resistance at 120.09-12 add credence to our view that the fall fro... - May 01 16:18 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
The single currency did rallied in line with our bullish expectations, add... - May 01 09:57 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
Although the greenback resumed recent fall from 1.2835 to as low as 1.1945... - May 01 09:34 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 0.7132 and has reboun... - Apr 30 09:17 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7315
As euro's anticipated rally has gathered momentum and broke above indicated resistance at 0.7385, adding credence to our bullish ... - May 01 14:40 GMT
Trade Idea: USD/CAD - Buy at 1.2135
As the greenback has risen again after finding renewed buying interest at 1.2057, adding credence to our view that a temporary lo... - May 01 14:33 GMT
Trade Idea: EUR/JPY - Buy again at 133.00
The single currency has surged again after finding renewed buying interest at 131.31 yesterday, adding credence to our bullish vi... - May 01 10:21 GMT
Trade Idea: AUD/USD - Exit long entered at 0.7870
Despite rising to 0.8076 earlier this week, the subsequent sharp retreat suggests top has possibly been formed there and near ter... - May 01 10:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

Trade Idea Update: USD/JPY - Hold long entered at 119.25
Dollar found renewed buying interest at 119.25 and has staged the ant... - May 01 10:38 GMT
EUR/JPY Elliott Wave Analysis
The single currency finally staged the anticipated rebound this week ... - May 01 10:37 GMT
EUR/GBP Elliott Wave Analysis
The single currency has rebounded again after finding buying interest... - Apr 30 11:40 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 01 21:59 GMT

Action Bias

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

Weekly Economic and Financial Commentary
May 02 04:33 GMT, by Wells Fargo Securities
The economy's rough start to the year was confirmed in this week's first quarter GDP numbers. The first estimate of Q1 GDP showed that growth came to a near standstill, with the economy expanding at ...
The Weekly Bottom Line
May 02 04:20 GMT, by TD Bank Financial Group
Coming into 2015, expectations were that global economic growth was going to marginally improve - economic activity in emerging markets (EM) would be weak, but advanced economies would pick up, led f...
Central Bank Wash-Up
May 02 03:50 GMT, by Forex.com
Last week the market bore witness to numerous important central bank policy meetings, all of which are having dramatic repercussions for their respective domestic currencies. Most of these central ba...
Weekly Focus: A Market Correction, Not a Sea Change
May 02 03:43 GMT, by Danske Bank
Corrections in stocks , bonds and the USD as investors move back to base Strong rise in bond yields but it's not a new trend US Q1 growth weak but we expect recovery in Q2 USD: risk of more ...
Week Ahead in FX - RBA, UK Elections and NFP
May 02 03:40 GMT, by MarketPulse
Central bank rate decisions, national elections, trade data and if that was not enough next week will close with the biggest indicator in forex, the non farm payrolls report. Let us not forget that t...
US ISM Manufacturing Unchanged in April; Construction Spending Unexpectedly Declined in March
May 01 15:35 GMT, by RBC Financial Group
The Institute for Supply Management (ISM) manufacturing index was unchanged at 51.5 in April 2015, falling short of market expectations for a modest increase to 52.0 in the month. April's unchanged r...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD: Technicals Point Lower, but Will the RBA Play Along?
May 02 03:44 GMT, by Forex.com
If you had gone on vacation this week and someone told you AUDUSD was trading at .7820 on Friday afternoon, you'd hardly be surprised; after all, the pair was closed last week right at the same .7820...
Today's Market Outlook
May 01 08:35 GMT, by Windsor Brokers Ltd
The Euro consolidates above 1.1200 handle, after yesterday’s fresh acceleration surged through daily cloud top and met its next target at 1.1252, Fibonacci 176.4% expansion, peaking at 1.1264 and clo...
EUR/USD Climbed 330 Pips In Three Days
May 01 08:19 GMT, by Dukascopy Swiss FX Group
The single European currency jumped for a seventh day in a row versus the Greenback on Thursday. EUR/USD violated the weekly R3 at 1.12 and even attempted to test the next major resistance at 1.1257 ...
GBP/USD Stuck In A Tight Range
May 01 08:07 GMT, by Dukascopy Swiss FX Group
Indeed, the Sterling suffered losses on Thursday, but was unable to erase Wednesday's gains. The 200-day SMA provided strong resistance for the second time this week, forcing the GBP/USD pair to boun...
USD/JPY Keeps Rising
May 01 08:05 GMT, by Dukascopy Swiss FX Group
After substantial volatility, USD/JPY surged above 119 once again. Initial resistance cluster around 119.20 failed to prevent the pair from gaining value; however, the 20-day SMA coped with this issu...
XAU/USD Negates Weekly Gains
May 01 08:03 GMT, by Dukascopy Swiss FX Group
XAU/USD's decline continued on Thursday with even heavier losses. The yellow metal decided to return back below the 1,200 mark, while a drop was only stopped by the 2013 low at 1,180. Without any maj...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
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...
All Long Term Forecasts >>
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