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Oct 30 12:13 GMT

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European Session: Orders and Options Watch
Oct 30 09:46 GMT, by ActionForex.com
EUR: The single currency tumbled yesterday on dollar's broad-based rally after Fed's Monetary Policy Statement, bids at 1.2720-25, 1.2700-05, 1.2685-90, 1.2655-65, 1.2600-10, 1.2585 and 1.2565 were all filled. At the moment, offers are now seen at 1.2600-10 and in good size at 1.2640-50, more sell orders are tipped at 1.2670-80 and 1.2700-10. On t...

Technical Outlook

GBP/JPY Daily Outlook
The recovery from 168.01 extended higher and could continue. But again, near term outlook stays cautiously bearish as l... - Oct 30 05:20 GMT
EUR/JPY Daily Outlook
Despite breaching 137.93 resistance, EUR/JPY failed to sustain above there so far and intraday bias remains neutral. We... - Oct 30 05:19 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains cautiously on the downside for the moment. The rebound from 1.3792 might be finished a... - Oct 30 05:16 GMT
EUR/GBP Daily Outlook
Intraday bias remains neutral for the moment. At this point, we're favoring the case that EUR/GBP has bottomed out at 0... - Oct 30 05:14 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 Update: USD/CHF - Buy at 0.9530
Although the greenback fell briefly to 0.9442 yesterday, the subsequent Fed inspired rally together with the breach of previous r... - Oct 30 10:27 GMT
Trade Idea Update: GBP/USD - Sell at 1.6060
The British pound met renewed selling interest at 1.6162 and tumbled overnight after Fed's statement, this selloff suggests early... - Oct 30 10:05 GMT
Trade Idea Update: EUR/USD - Sell at 1.2660
Despite yesterday's brief rise to 1.2771, the subsequent post-Fed selloff together with the breach of previous support at 1.2605 ... - Oct 30 10:02 GMT
Trade Idea Update: USD/JPY - Buy at 108.55
As the greenback has rallied overnight after Fed's Monetary Policy Statement, adding credence to our view that early fall from 11... - Oct 30 09:58 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under near term pressure after retreat... - Oct 30 09:44 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
As the single currency has remained under pressure after retreating sharpl... - Oct 30 09:36 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie tumbled to 91.80, the subsequent rebound from there formed... - Oct 29 09:58 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 136.65
As the single currency has retreated after rising to 138.03 yesterday, consolidation below this level would be seen and pullback ... - Oct 30 09:23 GMT
Trade Idea: AUD/USD - Sell at 0.8840
Despite yesterday's brief rise to 0.8911, lack of follow through buying on break of previous resistance at 0.8899 and the subsequ... - Oct 30 09:19 GMT
Trade Idea: EUR/GBP - Buy at 0.7820
Although the single currency has recovered after this week's initial fall to 0.7862, near term downside risk remains for the fall... - Oct 29 14:37 GMT
Trade Idea: USD/CAD - Buy at 1.1080
Although the greenback has fallen again after yesterday's selloff on soft US data and near term downside risk remains for the dec... - Oct 29 14:28 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the retreat from 0.8047 has kept euro under pressure, suggesting i... - Oct 30 10:40 GMT
USD/CAD Elliott Wave Analysis
As the greenback has retreated after rising to 1.1386, suggesting con... - Oct 30 10:36 GMT
EUR/CHF Elliott Wave Analysis
The single currency met renewed selling interest at 1.2140 earlier th... - Oct 29 11:21 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 30 12:05 GMT

Action Bias

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

Fundamental Analysis Reports

Fed Stops Printing Press-Market Caught Napping
Oct 30 12:07 GMT, by MarketPulse
The Fed ended QE3 as expected, but has caught the market off guard with a definite hawkish tint in the statement delivered yesterday. Technically, the FOMC has finally closed the door on QE with th...
Gold Loses Ground After FOMC Statement
Oct 30 11:25 GMT, by MarketPulse
Gold prices have fallen close to $1200 on Thursday as the metal continues to lose ground to the broadly-stronger US dollar. In the European session, the spot price per ounce stands at $1205.43, marki...
USD Dominates Forex Moves
Oct 30 11:16 GMT, by Swissquote Bank SA
In a move that appeared like it might never occur, the FOMC ended its current round of QE by cutting purchases of treasuries and MBS $15 billion to $0. The overall tone of the FOMC statement was nota...
EUR/USD - Fed Statement Bolsters US Dollar
Oct 30 10:52 GMT, by MarketPulse
EUR/USD has posted slight losses on Thursday, as the pair trades below the 1.26 in the European session. In the Eurozone, German Unemployment Change was excellent, with a reading of -22 thousand. Lat...
Euro Struggles After Fed Statement And Spanish Data
Oct 30 10:38 GMT, by ICN.com
The euro fell against the dollar on Thursday after releasing economic data from Spain, and a direct impact of the U.S. Federal Reserve (Fed) decision of ending its quantitative easing program yesterd...
European Market Update: European Inflation Data Remains Soft, German Net Unemployment Improves For The First Time In 7 Months
Oct 30 10:11 GMT, by Trade The News
USD strength emerged after the FED statement reaffirmed it was moving toward a tighter monetary policy more quickly than its peers. FOMC ended its 2-year bond buying program (QE3) and took on a less ...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Wave Analysis
Oct 30 10:47 GMT, by Admiral Markets
The EURUSD's drop during the FOMC statement most likely ended the wave 4 (orange) but a break of the bigger 1.25 bottom (green) would be needed. The bearish momentum was strong with a fall of 200 pip...
Forex Technical Analysis
Oct 30 10:27 GMT, by DeltaStock Inc.
The break through 1.2720 support confirmed a reversal at 1.2770 and the severe sell-off reached a local low at 1.2553. My outlook here is already counter-trend, for a break through 1.2612 intraday re...
Today's Market Outlook
Oct 30 09:29 GMT, by Windsor Brokers Ltd
The Euro slumped post-Fed, with break and close below 1.2636, bull-trendline drawn off 1.2499 low, probing below near-term base at 1.26 zone. Yesterday’s bearish Outside Day, confirms bears are back ...
USDCHF Elliott Wave Analysis: Bullish View
Oct 30 09:09 GMT, by Elliott Wave Financial Service
USDCHF made a nice retracement in this week to 0.9438 where pair found a support yesterday and turned sharply higher, clearly in impulsive fashion that can be wave 3 based on personality of the move....
EUR/USD Drops As Fed Ends QE
Oct 30 08:55 GMT, by Dukascopy Swiss FX Group
The single currency dropped against the US Dollar for the first time in four days yesterday, as the Fed announced the end of its stimulus program. The pair neared a considerable support at 1.2594, re...
GBP/USD Dips Through 1.60
Oct 30 08:54 GMT, by Dukascopy Swiss FX Group
The strong supply area around 1.62 managed to stop bulls from pushing the exchange rate higher and the British currency lost considerable ground against the Buck, fuelled by news from the Fed. The pa...
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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