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Oct 23 03:01 GMT

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Daily Report: Kiwi Knocked Down by Weak CPI
Oct 23 01:13 GMT, by ActionForex.com
New Zealand dollar was knocked down in Asian session sharply by weaker than expected inflation data. CPI rose 0.3% qoq in Q3 while the annual rate slowed to 1.0% yoy, missing expectation of 1.3% yoy and compared with expectation of 1.6% yoy. That's also lower than RBNZ's expectation of 1.3% and could prolong the central bank's pause in the tighten...

Technical Outlook

USD/CAD Daily Outlook
USD/CAD's consolidation from 1.1385 is still in progress and intraday bias remains neutral. Again, near term outlook st... - Oct 23 01:45 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral as consolidation from 0.8642 continues. In case of another recovery, we'd expe... - Oct 23 01:44 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral with focus on 1.2624 minor support. Break will indicate that the correction fr... - Oct 23 01:42 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. The consolidation from 1.5876 could extend. But in any case, a... - Oct 23 01:39 GMT

Special Reports

British Pound Declined after Dovish BOE Minutes
Oct 22 13:08 GMT
The British pound slipped after the release of the BOE minutes for the October ...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/JPY - Exit long entered at 106.40
Although the greenback has moved higher again after holding above the Ichimoku cloud top and test of indicated resistance at 107.... - Oct 22 15:58 GMT
Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has continued to move higher after breaking resistance at 0.9491 and near term upside risk is seen for gai... - Oct 22 15:53 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although cable has recovered from 1.6011, sterling's intra-day selloff signals top has been formed at 1.6184 yesterday and near t... - Oct 22 15:47 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2725
As the single currency has remained under pressure after breaking previous support at 1.2706, suggesting the fall from 1.2887 (la... - Oct 22 15:43 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has recovered after early selloff to 0.7709 and further cons... - Oct 22 09:45 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar continued to find good support above recent low at 0... - Oct 22 09:42 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7970
As the single currency has remained under pressure after retreating sharply from last week's high of 0.8047, retaining our view t... - Oct 22 15:18 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has slipped again after intra-day brief bounce to 1.1294, retaining our view that further consolidation below 1.... - Oct 22 15:15 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency slipped again today and consolidation with mild downside bias remains for weakness to 135.00-10, bre... - Oct 22 09:36 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Aussie is expected to remain confined within recent established range and although recovery to 0.8835-45 cannot be ruled out, rec... - Oct 22 09:31 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Although euro's rebound from 1.4012 turned out to be stronger-than-ex... - Oct 22 11:01 GMT
AUD/USD Elliott Wave Analysis
Aussie has remained confined within near term range and further conso... - Oct 22 10:50 GMT
GBP/USD Elliott Wave Analysis
Although the British pound slipped again to as low as 1.5875 last wee... - Oct 21 10:59 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 23 02:55 GMT

Action Bias

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

GBP/USD – Dollar Higher As BoE Minutes Show Split Over Rate Hike
Oct 23 02:55 GMT, by MarketPulse
The pound continues to lose ground on Wednesday, as GBP/USD trades in the mid-1.60 range in the North American session. On the release front, the BoE minutes pointed to dissension amongst policymaker...
NZD's Woes Deepen After Disappointing NZ Inflation Data
Oct 23 02:40 GMT, by Forex.com
The NZ dollar is the big mover early in the Asia session, with the commodity currency being assaulted by sellers after some disappointing inflation data. NZ Q3 consumer prices rose 0.3% q/q, missing ...
North American Wrap: All About Canada
Oct 23 02:37 GMT, by Forex.com
The North American trading session was destined to be more Canada-centric today than most days thanks to the economic release of Retail Sales and the monetary policy decision by the Bank of Canada, b...
Stocks Off After Canadian Shooting, Euro Collapsing
Oct 23 02:22 GMT, by Vantage FX
The S&P 500 was looking good early, at least it was in the black, before the news of the shooting in the Canadian capital of Ottawa sapped whatever positive sentiment was filtering through market...
The Bank of Canada's Tune Has Changed, But the Song Remains the Same
Oct 22 16:17 GMT, by TD Bank Financial Group
Importantly, the Bank of Canada has dropped its explicit reference to being "neutral" on the direction of future changes in the overnight rate. However, there seems to be something for both the hawks...
USD/CAD - Volatile on Retail Sales, BOC Statement
Oct 22 15:53 GMT, by MarketPulse
The Canadian dollar is showing some volatility in Wednesday's North American session, as USD/CAD trades at the 1.12 line. It's been a busy day on the release front. Canadian Retail Sales posted a dec...
All Daily Fundamental Reports >>

Technical Analysis Reports

Australia 200 – Eases Away In Reaching For Key 5400 Level
Oct 23 02:57 GMT, by MarketPulse
Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading rang...
The Daily Forecaster: EURUSD
Oct 23 02:47 GMT, by FX-Forecaster
Yesterday's early correction failed to even reach the 1.2757-84 resistance and stalled at 1.2739... I feel today could see the same pattern - a limited recovery to around 1.2651 - before losses resum...
EURUSD - Risk Turns Lower, Extends Weakness
Oct 23 02:43 GMT, by FXTechstrategy
EURUSD - With EUR turning lower on Tuesday and following through lower on Wednesday, further bearishness is now envisaged. On the other hand, support lies at the 1.2600 level where a break will expos...
EURGBP Grinding Lower With Busy Eco Data Calendar On Tap
Oct 23 02:39 GMT, by Forex.com
After bouncing at the start of the month, the euro has sold off across the board this week as traders increase bets that the ECB will have to ease policy further in the coming months. EURUSD, the wor...
EUR/USD: Falling Back
Oct 23 02:36 GMT, by Forex.com
This weekend the majority of European nations will be performing the yearly depressing act of setting their clocks back one hour to shift away from daylight savings time, and they can then begin prep...
WTI Remains Under Pressure As Crude Stockpiles Increase Sharply Again
Oct 23 02:27 GMT, by Forex.com
Crude oil prices fell sharply in response to the latest stockpiles data, released at 14:30 GMT, before bouncing back to turn moderately higher on the session. According to the Energy Information Admi...
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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