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Oct 21 08:41 GMT

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Daily Report: Aussie Stuck in Range after RBA Minutes
Oct 21 03:11 GMT, by ActionForex.com
Australian dollar stays in tight range against the greenback after RBA said in the October meeting minutes that rates will stay low. It noted that given the information available, the board's judgement was that the current stance of monetary policy continued to be appropriate for fostering sustainable growth in demand and inflation outcomes consi...

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 21 07:54 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 21 07:52 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 21 07:50 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral at this point. With 1.4441 minor support intact, further rise is still expecte... - Oct 21 07:48 GMT

Special Reports

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...
Weakness In Inflation Should Prompt PBOC To Add Stimulus
Oct 15 07:43 GMT
Headline CPI in China decelerated to +1.6% y/y in September from +2% in the pri...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Sell at 0.9475
The greenback has slipped again after faltering below resistance at 0.9491 yesterday, bearishness remains for recent decline from... - Oct 21 07:55 GMT
Trade Idea: GBP/USD - Buy at 1.6060 or sell at 1.6220
Although cable has risen again today, loss of near term upward momentum should prevent sharp move beyond 1.6190-00 and bring retr... - Oct 21 07:47 GMT
Trade Idea: EUR/USD - Stand aside
Although the single currency found renewed buying interest at 1.2731 yesterday and has rebounded, a firm break above 1.2850 is ne... - Oct 21 07:36 GMT
Trade Idea: USD/JPY - Hold long entered at 106.40
Although the greenback slipped again after meeting renewed selling interest just above 107.00 level, if our view that low has bee... - Oct 21 07:31 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest just above 1.2600 level ... - Oct 20 10:03 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback met renewed selling interest at 107.50 and dropped ... - Oct 20 09:32 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did rebound to 1.6227 (just missed our target a... - Oct 14 08:11 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7980
Although the single currency rallied to 0.8047 last week, the subsequent retreat after faltering below resistance at 0.8066 sugge... - Oct 20 14:31 GMT
Trade Idea: USD/CAD - Buy at 1.1100
Despite last week's rise to 1.1386, the subsequent retreat suggests consolidation would be seen and pullback to 1.1190-00 cannot ... - Oct 20 14:26 GMT
Trade Idea: EUR/JPY - Exit short entered at 136.90
Despite last week's resumption of decline to 134.14, the subsequent strong rebound suggest low has possibly been formed there and... - Oct 20 08:52 GMT
Trade Idea: AUD/USD - Sell at 0.8835
As aussie rebounded after holding above this month's low at 0.8643, suggesting further consolidation would be seen and recovery t... - Oct 20 08:45 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback slipped again last week to as low as 105.20, t... - Oct 20 11:09 GMT
EUR/USD Elliott Wave Analysis
The single currency found good support just above 1.2600-05 level and... - Oct 20 11:01 GMT
GBP/USD Elliott Wave Analysis
Despite recovering to 1.6227 last week, as the British pound met rene... - Oct 14 10:46 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 21 08:35 GMT

Action Bias

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

Schaeuble Plans To Increase Investment, ECB Starts Buying Bonds
Oct 21 08:21 GMT, by Dukascopy Swiss FX Group
The streak of negative news from Germany continues to disappoint markets and European officials. Monday data from Destatis showed producer prices in the Euro zone's number one economy booked another ...
Fed Is Set To End Bond-Buying Programme Despite Recent Market Volatility
Oct 21 08:19 GMT, by Dukascopy Swiss FX Group
The Federal Reserve has to stick to its current policy stimulus especially in light of the recent volatility in financial markets, said Boston Fed President Eric Rosengren, stressing that a scenario ...
UK House Prices Continue To Rise, But House Price Inflation Slows
Oct 21 08:12 GMT, by Dukascopy Swiss FX Group
House prices in London rose the most in more than a year in October as a seasonal increase in demand drove a rebound in the capital's property market. Values rose 7% from September to a record averag...
Canada's Wholesale Sales Unexpectedly Rise To Near Record In August
Oct 21 08:11 GMT, by Dukascopy Swiss FX Group
Canada's wholesale sales unexpectedly increased in August, coming in at the second-highest amid gains in machinery, wood as well as metal products. Sales inched higher 0.2% from July to a seasonally ...
New Zealand Consumer Confidence Falls, Kiwi Rises On Risk Appetite
Oct 21 08:10 GMT, by Dukascopy Swiss FX Group
Consumer confidence in New Zealand declined to the lowest level in 12 months as households feel less upbeat about the economic outlook, particularly over the next five years. The ANZ-Roy Morgan consu...
China: GDP Growth Slows Slightly In Q3 But Not Enough For More Stimulus
Oct 21 07:47 GMT, by Danske Bank
China's GDP growth slowed slightly less than expected in Q3 to 7.3% y/y (consensus: 7.2%, DBM: 7.2%) from 7.5% y/y in Q2. Seasonally adjusted, GDP growth eased to 1.9% q/q (consensus: 1.8%, DBM: 1.9%...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD Builds Support Above 1.588
Oct 21 07:30 GMT, by ThinkForex
COTS positioning shows that we have seen a slight reduction in USD long positions whilst GBP Cots positioning meanders around the zero mark. When you consider that GBPUSD has lost 7.8% since the July...
EUR/USD To Challenge 23.6% Fibo
Oct 21 07:26 GMT, by Dukascopy Swiss FX Group
EUR/USD respected an accelerated up-trend that connects the lows seen on Oct 6 and 15, and the pair is now moving higher. The support at 1.2750 was also reinforced by the weekly PP and 2013 low. Howe...
GBP/USD Open A Door To 1.63
Oct 21 07:23 GMT, by Dukascopy Swiss FX Group
Although the four-month down-trend at 1.61 was supposed to keep the downward momentum intact, yesterday it was breached to the upside. The next closest resistance is at 1.6185 represented by the week...
USD/JPY Closes The Bullish Gap
Oct 21 07:22 GMT, by Dukascopy Swiss FX Group
Despite the absence of any notable levels USD/JPY came under strong selling pressure and as a result, retreated back to a cluster of supports at 106.80/60. If the demand here is not enough to stop th...
USD/CHF Falls Under 0.9450
Oct 21 07:21 GMT, by Dukascopy Swiss FX Group
USD/CHF failed to gain a foothold above 0.9450—it has already nullified the progress made during the last two days of the previous week. The currency pair is likely to find support at 0.9370 (weekly ...
Daily FX Report
Oct 21 06:17 GMT, by Varengold Bank
Last Friday the Dow Jones Index of shares climbed 0.1 percent and the Standard & Poor's Index rose 0.9 percent. Investors pushed out expectations for the Federal Reserve to raise interest rates a...
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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