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Dec 18 08:31 GMT

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Daily Report: Equities Rebounded on FOMC, Dollar Higher
Dec 18 02:55 GMT, by ActionForex.com
US equities were lifted overnight as Fed sounded optimistic on the economy yet maintained the pledge to be patient on raising interest rates. DJIA rebounded and gained 288 pts, or 1.69%, to close at 17356.87. S&P 500 rose 40.15 pts, or 2.04% to close at 2012.89. Asian markets followed with Nikkei trading up over 400 pts, or 2.3% at the time of...

Technical Outlook

EUR/CHF Daily Outlook
EUR/CHF jumps sharply today as SNB surprised the markets by introducing -0.25% negative rate. While the rebound is stro... - Dec 18 07:39 GMT
GBP/JPY Daily Outlook
No change in GBP/JPY's outlook. While correction from 189.70 might extend, we'd continue to expect strong support from ... - Dec 18 07:34 GMT
EUR/JPY Daily Outlook
With 148.23 minor resistance intact, the corrections from 149.76 short term top is expected to continue lower. At this ... - Dec 18 07:32 GMT
EUR/GBP Daily Outlook
Near term outlook remains neutral for the moment. On the one hand, the cross is close to 0.7740/55 key support zone, wh... - Dec 18 07:22 GMT

Special Reports

Fed Replaced 'Considerable Time' Language With Patience In Normalization
Dec 18 04:04 GMT
Fed members removed the 'considerable time' language in the December FOMC state...
BOE: Sharp Fall In Oil Prices Supportive Of Economy. Benign Inflation Signaled Rate Hike Not The Time Yet
Dec 17 11:08 GMT
The BOE minutes for the December meeting showed that the members had detailed d...
RBA Minutes Downplayed Rate Cut Expectations
Dec 16 07:42 GMT
The RBA minutes for the December meeting offered little news. Policymakers warn...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day selloff to 0.9553, as the greenback found support there and has recovered, suggesting consolidation above this ... - Dec 16 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Cable's rally from 1.5602 turned out to be much stronger than expected and the intra-day breach of resistance at 1.5747-57 signal... - Dec 16 16:00 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has eased after intra-day rise to 1.2570, suggesting consolidation would be seen and pullback to the Kijun... - Dec 16 15:57 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has recovered after intra-day selloff to 115.57, suggesting minor consolidation would be seen and recovery to th... - Dec 16 15:54 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound rebounded after falling to fresh 2014 low of 1.... - Dec 16 06:38 GMT
USD/CHF Candlesticks and Ichimoku Analysis
As the greenback has retreated again after brief rise to 0.9818 early last... - Dec 16 06:21 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded after falling to 1.2247, as long as... - Dec 15 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite intra-day brief rise to 0.8007, lack of follow through buying and current retreat suggest an intra-day top has possibly b... - Dec 16 14:34 GMT
Trade Idea: USD/CAD - Buy at 1.1520
As the greenback has eased after rising to 1.1674, suggesting minor consolidation would be seen and pullback to 1.1550 cannot be ... - Dec 16 14:26 GMT
Trade Idea: EUR/JPY - Sell at 146.70
As euro's decline has gathered momentum, adding credence to our view that top has been formed at 149.79 (tentatively wave v peak)... - Dec 16 09:12 GMT
Trade Idea: AUD/USD - Stand aside
Although the Australian dollar has remained under pressure and near term downside risk remains for recent decline to extend margi... - Dec 16 09:01 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
As the British pound recovered after falling marginally to 1.5541 las... - Dec 16 08:18 GMT
USD/CHF Elliott Wave Analysis
Although the greenback rose marginally to 0.9818 last week, as dollar... - Dec 16 08:09 GMT
USD/JPY Elliott Wave Analysis
Although the greenback rose to as high as 121.85, the subsequent retr... - Dec 15 11:28 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Dec 18 08:25 GMT

Action Bias

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

Asian Market Update: Yellen's Dollar Rally Helps Nikkei Rebound, Yuan Slumps On Reports Of More Flexible Currency Regime
Dec 18 06:31 GMT, by Trade The News
Nikkei225 is leading the regional rally as remarks from Fed Chair Yellen on policy intentions in 2015 have finally helped arrest the downward reversal in USD/JPY. FOMC replaced the 'considerable time...
EUR/USD: Euro Trading Higher Ahead Of Germany's IFO Survey Data
Dec 18 06:10 GMT, by GCI Financial
The pair is expected to find support at 1.2277, and a fall through could take it to the next support level of 1.2208. The pair is expected to find its first resistance at 1.2458, and a rise through c...
GBP/USD: Pound Reverses Its Losses Ahead Of The UK Retail Sales Data
Dec 18 06:04 GMT, by GCI Financial
The pair is expected to find support at 1.5505, and a fall through could take it to the next support level of 1.5422. The pair is expected to find its first resistance at 1.5705, and a rise through c...
AUD/USD: Aussie Reverses Its Losses In The Asian Session
Dec 18 06:00 GMT, by GCI Financial
The pair is expected to find support at 0.8088, and a fall through could take it to the next support level of 0.8032. The pair is expected to find its first resistance at 0.8219, and a rise through c...
USD/JPY: Japanese Yen Trading On A Stronger Footing This Morning
Dec 18 05:54 GMT, by GCI Financial
The pair is expected to find support at 117.17, and a fall through could take it to the next support level of 115.77. The pair is expected to find its first resistance at 119.49, and a rise through c...
USD/CHF: Swiss Franc Trading Higher Ahead Of Swiss Trade Balance Data
Dec 18 05:51 GMT, by GCI Financial
The pair is expected to find support at 0.9640, and a fall through could take it to the next support level of 0.9552. The pair is expected to find its first resistance at 0.9782, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Dec 18 04:42 GMT, by HY Markets
THE EURO closed lower on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearis...
Market Morning Briefing
Dec 18 03:26 GMT, by Kshitij Consultancy Services
Reiteration of FED's hawkishness sent Euro (1.2340) tumbling through its supports. It has broken below 1.2370, the larger trend decider therefore the bullishness we saw with the breakout are void. Eu...
USDJPY - Bullish, Targets Further Upside
Dec 18 03:25 GMT, by FXTechstrategy
USDJPY - Outlook for USDJPY now points higher after rallying strongly on Wednesday. On the upside, resistance resides at the 119.50 level followed by the 120.00 level where a break will target the 12...
Is AUDNZD Heading Below 1.0500?
Dec 18 02:26 GMT, by Forex.com
It has been a horrendous couple of months for AUDNZD, with the pair falling from its highest level this year to its lowest level in 9 years. The ultimate commodity pairing is now testing a very impor...
Daily Technical Analysis
Dec 18 01:59 GMT, by FX Instructor
The EURUSD had a strong bearish momentum yesterday bottomed at 1.2319. The bias is bearish in nearest term testing 1.2250 area. Immediate resistance is seen around 1.2385 – 1.2400. A clear break abov...
AUD/USD – Drops To New Multi-Year Low Near 0.81
Dec 18 01:29 GMT, by MarketPulse
In the last few hours the Australian dollar has fallen even further again down to another new multi-year low near 0.8100. The Australian dollar has a experienced a bad last month moving from resistan...
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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