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Oct 20 22:48 GMT

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US Session: Orders and Options Watch
Oct 20 14:19 GMT, by ActionForex.com
EUR: The single currency continued to trade in familiar range and further consolidation is in store, offers are noted at 1.2800-05 and 1.2820-25, more sell orders are reported at 1.2850 and 1.2880-90, mixture of offers and stops is located at 1.2900. On the downside, bids are seen at 1.2725-35, 1.2700 and 1.2675-80, more buy orders are tipped at 1...

Technical Outlook

GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. As long as 1.6226 resistance holds, further fall is still expe... - Oct 20 13:31 GMT
EUR/USD Mid-Day Outlook
The recovery from 1.2500 might extend higher. But we'd expect strong resistance from 1.2994 to limit upside and bring f... - Oct 20 13:29 GMT
USD/JPY Mid-Day Outlook
With 107.49 minor resistance intact, intraday bias stay's neutral first. Deeper fall cannot be ruled out yet. But in th... - Oct 20 13:28 GMT
USD/CHF Mid-Day Outlook
No change in USD/CHF's outlook. We'd still expect strong support from from 0.9300/9395 support zone to complete the cor... - Oct 20 13:23 GMT

Special Reports

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...
September Minutes: Members Argued About 'Considerable Time' Reference
Oct 09 03:34 GMT
The FOMC minutes for the September meeting unveiled little news about the centr...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 0.9475
The greenback has remained confined within near term established range and further sideways trading is in store, however, last we... - Oct 20 15:44 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.6030
The British pound has continued to move higher after brief pullback, suggesting the rise from last week's low of 1.5875 is still ... - Oct 20 15:38 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Despite intra-day fall to 1.2731, current recovery has retained our view that further choppy trading within recent established ra... - Oct 20 15:29 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 106.40
As the greenback has retreated after meeting resistance at 107.39, suggesting minor consolidation below this level would be seen ... - Oct 20 15:26 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 20 22:40 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- NE- NE↑ UP↑ UP
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Forex Brokers

Fundamental Analysis Reports

USD/CAD - Stable as Wholesale Sales Matches Expectations
Oct 20 15:10 GMT, by MarketPulse
The Canadian dollar is steady on Monday, as USD/CAD trades in the mid-1.12 range in the North American session. On the release front, Canadian Wholesale Sales posted a slight gain of 0.2%. It's a qui...
AUD/USD - Little Movement Ahead of RBA Minutes
Oct 20 12:57 GMT, by MarketPulse
The Australian dollar is showing little movement on Monday, as AUD/USD trades in the mid-0.87 line late in the European session. It’s a quiet start to the week, with no releases out of Australi...
USD/JPY - Yen Steady After BOJ Remarks
Oct 20 12:35 GMT, by MarketPulse
The Japanese yen is steady on Monday, as USD/JPY trades just below the 107 line. It's a quiet start to the week, with no US or Japanese releases on Monday. In Japan, BoJ Governor Haruhiko Kuroda reit...
Gold Edges Higher to Start Off Week
Oct 20 11:49 GMT, by MarketPulse
Gold has posted modest gains on Monday, as the spot price is $1243.36 per ounce in the European session. Gold has recovered nicely in the past two weeks, when it was trading below $1190. In economic ...
CAD Consolidates Post-CPI, China GDP In Focus
Oct 20 10:48 GMT, by Swissquote Bank SA
The week started with sustained risk appetite in Asia yet European traders failed to follow the equities rally: FTSE is down 0.52% in London, DAX, CAC 40 and IBEX 35 trade 1.0% lower at the time of w...
Risk-On Start To The Week, Asian Stocks Rally
Oct 20 10:03 GMT, by Swissquote Bank SA
Asian markets opened the week with good risk appetite. Nikkei 225 surged 3.98% on news that the GPIF will increase allocation on domestic stocks from 12% to 20-30% (RTRS); Hang Seng and Shanghai’s Co...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUD/JPY: Prepping for Fireworks
Oct 20 15:12 GMT, by Forex.com
The week has started off a little slow in worldwide markets as there hasn't really been any news to get the blood pumping yet, but that all could change in a hurry as we transition to the Asian tradi...
GBPUSD Peeking Above 3-Month Bearish Trend - Could 1.62 or 1.63 Be Next?
Oct 20 14:25 GMT, by Forex.com
It's been a quiet start to the trading week, with most major assets consolidating in tight ranges after last week's volatility. The biggest development thus far was a report that Japan's Government P...
S&P's Kick-Back Rally Stalls at Key Technical Level
Oct 20 14:23 GMT, by Forex.com
As the new trading week begins, the markets are giving back some of the gains made at the end of last week. There are no major economic data to provide further fresh stimulus, which together with tec...
AUDUSD Elliott Wave Analysis: Weaknesss In Play
Oct 20 09:39 GMT, by Elliott Wave Financial Service
AUDUSD has been falling hard for the last couple of months from 0.9400, a move that is a considered as an extended wave 3 because of big and fast move. As such, we believe that pair is in impulsive d...
Forex Technical Analysis
Oct 20 09:28 GMT, by DeltaStock Inc.
The consolidation pattern below 1.2885 requires one more upswing above 1.2705 support zone, for another test of 1.2900 area, before drowning towards 1.2500 lows. Initial intraday support lies at 1.27...
IMM Positioning: Speculators Add To Record USD Bullish Bets
Oct 20 09:14 GMT, by Danske Bank
The latest IMM data covers the week from 7 October to 14 October 2014. Note: when reading this week's IMM Positioning, please take into account the significant sell-offs and market movements experien...
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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