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Oct 22 07:57 GMT

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Daily Report: Focus on BoE Minutes and BoC Rate Decision
Oct 22 03:51 GMT, by ActionForex.com
Risk markets staged further rebound overnight as DJIA gained 215.14pts, or 1.31% to close at 16614.81. S&P 500 also rose 37.27 pts or 1.96% to close at 1941.28. Asian equities followed with Nikkei up over 250 pts and reclaimed 15000 handle again at the time of writing. Meanwhile, treasury yields registered some gains, 30 year yield is still he...

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 22 07:29 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 22 07:27 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 22 07:23 GMT
EUR/AUD Daily Outlook
The breach of 1.4441 minor support is taken as the first sign of near term reversal on bearish divergence condition in ... - Oct 22 07:16 GMT

Special Reports

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...
RBA Reiterated A Period Of Stable Interest Rates
Oct 21 07:33 GMT
The RBA minutes for the October sent little surprise and the message was largel...
Fed's Beige Book Described US Growth As 'Modest to Moderate'
Oct 16 05:38 GMT
The Beige Book prepared by the Minneapolis Fed, covering the period before Octo...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: GBP/USD - Buy at 1.6035
Cable's retreat after yesterday's rise to 1.6184 suggests a temporary top has been formed there and consolidation below this leve... - Oct 22 07:44 GMT
Trade Idea: EUR/USD - Stand aside
Although yesterday's fall from 1.2840 suggests near term downside risk remains for weakness to 1.2670-75, as broad outlook is sti... - Oct 22 07:30 GMT
Trade Idea: USD/JPY - Hold long entered at 106.40
As the greenback has staged a rebound after finding support at 106.25 yesterday, retaining our bullishness and consolidation with... - Oct 22 07:24 GMT
Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9480
The greenback has rebounded after holding above minor support at 0.9396, retaining our view that further consolidation would be s... - Oct 21 15:42 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound fell again and hit a low of 1.5875 last week, t... - Oct 21 09:43 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback slipped last week to as low as 0.9360, as the pair ... - Oct 21 09:38 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest just above 1.2600 level ... - Oct 20 10:03 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7980
As the single currency has retreated sharply after rising to 0.8047 last week, suggesting the a leg of the correction from 0.7766... - Oct 21 14:55 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has retreated after rising to 1.1366 last week, retaining our view that consolidation below this level would be ... - Oct 21 14:49 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency has retreated again after faltering below yesterday's high of 137.01 and consolidation would be seen... - Oct 21 09:35 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Although aussie edged higher after rebounding from 0.8686 and near term upside risk remains for marginal gain, as outlook is stil... - Oct 21 09:30 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound slipped again to as low as 1.5875 last wee... - Oct 21 10:59 GMT
GBP/CHF Elliott Wave Analysis
The British pound only recovered to 1.5470 before falling sharply in ... - Oct 21 10:54 GMT
USD/JPY Elliott Wave Analysis
Although the greenback slipped again last week to as low as 105.20, t... - Oct 20 11:09 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 22 07:50 GMT

Action Bias

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

Fundamental Analysis Reports

RBA Cautious About Global Growth, Market Volatility
Oct 22 07:43 GMT, by Dukascopy Swiss FX Group
Minutes of the Reserve Bank of Australia October policy meeting showed that central bankers became more focused on market volatility and global growth, with intensifying concerns over China, Japan an...
ECB Considers Buying Corporate Bonds
Oct 22 07:41 GMT, by Dukascopy Swiss FX Group
The European Central Bank is pondering to purchase corporate bonds on the secondary market and may make the corresponding decision as soon as December, several people familiar with a matter said. The...
US Existing Home Sales Rise To The This Year High
Oct 22 07:40 GMT, by Dukascopy Swiss FX Group
US existing home sales surged to the highest level this year in September, adding to further evidence the housing market is gradually recovering. According to the National Association of Realtors, sa...
UK Government Borrowing Rises More-Than-Expected
Oct 22 07:38 GMT, by Dukascopy Swiss FX Group
Britain's government borrowing increased more than expected in September amid a surge in central government borrowing and precipitous decline in interest and dividends receipts, challenging Finance M...
China's Economy Slows, Risking Missing Annual Growth Target
Oct 22 07:36 GMT, by Dukascopy Swiss FX Group
China's posted the slowest economic growth since the global financial crisis in the third quarter and risks missing the official goal for the first time in 15 years, reinforcing the view the world's ...
Kiwi Dollar Flies Into Sell-Zone
Oct 22 07:02 GMT, by ThinkForex
As we await tomorrow's CPI and Friday's Trade Balance the Kiwi Dollar finds itself conveniently below key resistance levels. Due to my analysis of the USD Index I suspect we will continue to see chop...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Oct 22 06:36 GMT, by Varengold Bank
Last Friday the Dow Jones Index of shares climbed 1.3 percent and the Standard & Poor's Index rose 2.0 percent. Speculations came up that the European Centrla Bank will expand stimulus to bolster...
The Daily Wave Analysis
Oct 22 06:19 GMT, by Admiral Markets
The GBPUSD downtrend is very choppy and corrective and is struggling to break the bigger weekly support level (dark green).
Foreign Exchange Market Commentary
Oct 22 05:45 GMT, by HY Markets
THE EURO closed lower on Tuesday. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signall...
Daily Technical Analysis
Oct 22 05:39 GMT, by FX Instructor
The EURUSD had a bearish momentum yesterday and hit 1.2705 earlier today. As you can see on my hourly chart below, price is testing the lower line of the bullish channelĀ and 1.2700 support area. Pric...
Market Morning Briefing
Oct 22 03:41 GMT, by Kshitij Consultancy Services
Euro (1.2726) is testing the lower end of the short term range of 1.27-1.29 on the back of ECB bond-buying rumors but the possibility of extending this corrective bounce to 1.2950-1.30 levels still s...
Gold, Bullish But Don't Chase From Here
Oct 22 03:11 GMT, by Foreign Exchange Analytics
The market has indeed continued to rally from that Oct 6th spike low at $1183, the long discussed downside target/area to form important low over the last number of months (base of that long discusse...
All Daily Technical Reports >>

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Central Bank Analysis
Economic Data Reviews
Technical Analysis

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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