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Apr 25 02:25 GMT

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US Session: Orders and Options Watch
Apr 24 14:28 GMT, by ActionForex.com
EUR: The single currency dropped quite sharply on solid US data, bids at 1.3800-10 and stops below figure were cleared, however, more buy orders are reported at 1.3775-85 and 1.3750 (stops below), fresh demand should emerge around 1.3725 and further out at 1.3700. On the upside, offers are now seen at 1.3820 and in good size at 1.3845-65 area, mix...

Technical Outlook

EUR/USD Mid-Day Outlook
EUR/USD dips again in early US session but stays above 1.3779 minor support and intraday bias remains neutral first. Ab... - Apr 24 13:10 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral as consolidation from 1.6841 temporary top continues. Near term outlook remain... - Apr 24 13:04 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral for the moment. Above 102.72 will extend the rebound form 101.32. But we'd exp... - Apr 24 13:03 GMT
USD/CHF Mid-Day Outlook
USD/CHF is still helped below 0.8861 and intraday bias stays neutral. The consolidation pattern from 0.8698 would be in... - Apr 24 13:00 GMT

Special Reports

RBNZ Raised OCR For Second Consecutive Month
Apr 24 03:58 GMT
The RBNZ raised the OCR for a second consecutive time by +25 bps to 3% in April...
Downside Surprise of Australian Inflation Gives RBA More Flexibility to Stay Neutral
Apr 23 13:21 GMT
Australia's headline CPI decelerated to +0.6% q/q in 1Q14 from +0.8% in the pre...
BOE Remains Split On Economic Slack Despite Recovery
Apr 23 10:20 GMT
The BOE minutes for the April meeting unveiled that policymakers generally agre...
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Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: GBP/USD - Hold short entered at 1.6795
Cable's rebound after intra-day retreat to 1.6765 suggests near term consolidation would continue but still reckon the upper Ku... - Apr 24 15:28 GMT
Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day rebound to 0.8856, as the greenback has retreated again after faltering below this week's high of 0.8862, sug... - Apr 24 15:23 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although the single currency has rebounded again after intra-day brief retreat to 1.3791 and consolidation with mild upside bia... - Apr 24 15:19 GMT
Trade Idea Wrap-up: USD/JPY - Hold short entered at 102.40
Although dollar rebounded in NY morning after US data, as the greenback met renewed selling interest well below this week's hig... - Apr 24 15:14 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
Although the single currency fell again after meeting renewed selling in... - Apr 24 07:27 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
Although the single currency retreated after meeting strong resistance a... - Apr 24 07:13 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound found renewed buying interest at 1.6660 last week and ha... - Apr 23 08:28 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.8220
Although euro has retreated from 0.8246, yesterday's rebound suggests low is possibly formed at 0.8198 earlier this week and co... - Apr 24 15:07 GMT
Trade Idea: USD/CAD - Buy again at 1.0930
Despite yesterday's anticipated rise to 1.1053, overbought condition suggests first leg of rise from 1.0858 (tentatively wave i... - Apr 24 15:03 GMT
Trade Idea: EUR/JPY - Sell at 142.20
Euro's near term sideways trading is expected to continue and although near term upside risk remains for the rebound from 140.0... - Apr 24 09:19 GMT
Trade Idea: AUD/USD - Buy at 0.9215
As aussie has remained under pressure after yesterday's selloff, retaining our view that temporary top has been formed at 0.946... - Apr 24 09:16 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Despite this week's fall to 0.8198, as long as indicated support at... - Apr 24 10:15 GMT
USD/CAD Elliott Wave Analysis
Although the greenback edged higher after rebounding from this mont... - Apr 24 09:57 GMT
GBP/USD Elliott Wave Analysis
Despite rising to 1.6820 last week, as the British pound has retrea... - Apr 23 10:07 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 25 02:20 GMT

Action Bias

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

Fundamental Analysis Reports

Japan's Inflation Accelerates After The Sales Tax Hike
Apr 25 01:54 GMT, by ICN.com
Japan's consumer price index rose the most since 1992, backed by a sales tax hike, in addition to the government's monetary stimulus that managed to push prices upside. The Bank of Japan board member...
USD/CAD - Listless As US Posts Mixed Numbers
Apr 24 14:54 GMT, by MarketPulse
Thursday is looking like more of the same for the Canadian dollar, which has stayed close to the 1.10 line throughout the week. USD/CAD is trading close slightly above the 1.10 level in Thursday's No...
NASDAQ: What Bubble?
Apr 24 14:27 GMT, by Forex.com
Earlier this month it looked like stocks were about to hit the skids on the backs of fears about a bubble, particularly in the technology sector. However, in the last 24 hours the view has changed ma...
AUD/USD - Aussie Under Pressure As Markets Eye US Unemployment Claims
Apr 24 14:25 GMT, by MarketPulse
AUD/USD continues to post losses on Thursday, as the pair trades in the mid-0.92 range late in the European session. The Aussie has taken a tumble, losing over 100 points since Tuesday. In Thursday r...
US Durable Goods Orders Jumped 2.6% in March; Initial Claims Rose Last Week
Apr 24 14:23 GMT, by RBC Financial Group
New orders for durable goods jumped 2.6% in March, building on a 2.1% increase in February that followed a 1.4% drop in January and a 5.3% plunge in December. Part of the headline increase resulted f...
USD/JPY - Flat Ahead of US Key Data
Apr 24 12:50 GMT, by MarketPulse
USD/JPY is listless in Thursday trade, as the pair continues to trade in the mid-102 range early in the North American session. On the release front, Japanese Corporate Services Price Index met expec...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Forecaster: USDJPY
Apr 25 02:15 GMT, by FX-Forecaster
The alternative bullish outlook developed - a drop below 102.30 and down to 102.00-08 was seen. While this area continues to support we should see gains back above 102.38 and towards the 102.80-83 ar...
Daily Forex Update: EUR/NZD
Apr 25 02:12 GMT, by Autochartist
EUR/NZD continues to rise inside the daily down channel. Autochartist set the stop-level for this forecast at 1.5803 (point A). The pair is expected to break the upper resistance trendline of this do...
EURUSD - Vulnerable, Threatens Downside
Apr 25 02:09 GMT, by FXTechstrategy
EURUSD - With price hesitation on the upside underway, EUR could weaken while the . Support lies at the 1.3779 level where a break will aim at the 1.3737 level followed by the 1.3676 level. Further d...
DAX – Inverted H&S Pattern Could Lead To A Test Of 2014 High
Apr 25 01:52 GMT, by Forex.com
Has been trading in an Inverted Head & Shoulder throughout 2014. Found support in mid-March into the 38.2% retracement of advance. Broke above daily Ichimoku Cloud top at 9405 & gapped higher
USDMXN – Banxico Rate Decision Tomorrow, Could Test Key 13.1500 Resistance
Apr 25 01:50 GMT, by Forex.com
Towards the beginning of April USDMXN found support into the 12.96/9700 level, which saw the 38.2% retracement of the 2013-14 advance & the prior 2014 low, and has since rebounded to settle comfo...
GBP/USD: Why Bulls Need To See A Close Above 1.6820 Soon
Apr 25 01:47 GMT, by Forex.com
While we've seen elevated volatility in some of the commodity dollars this week, trade in the European currencies has been surprisingly subdued. My colleague Kathleen Brooks discussed the current 7-y...
All Daily Technical Reports >>

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Long Term Forecasts

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...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by MarketPulse
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
GBP/USD - 2013 In Review
Dec 26 02:30 GMT, by MarketPulse
The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous foreca...
EUR/USD - 2013 in Review
Dec 25 13:46 GMT, by MarketPulse
The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. ...
All Long Term Forecasts >>
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