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May 27 09:41 GMT

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Daily Report: Dollar Maintains Gain While Stocks Tumble on Fed View
May 27 04:28 GMT, by ActionForex.com
US equities tumbled sharply while dollar extended recent rise overnight. DJIA dropped -190.48 pts, or -1.04%, to close at 10841.54 after breaching 18000 handle briefly. S&P 500 lost -21.86 pts, or -1.03%, to close at 2104.20. Weak sentiment carries on in Asian session. Dollar index rebounded to as high as 97.38 so far and is heading for a test...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. Further rally is expected as long as 185.97 support holds. Abo... - May 27 05:06 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral or the moment. On the downside, below 133.09 will confirm that a short term to... - May 27 05:04 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains on the downside for 0.7013 low. Break will confirm larger down trend resumption and wo... - May 27 04:58 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. We're still preferring the case that fall from 1.5331 has comp... - May 27 04:53 GMT

Special Reports

BOJ Expects Inflation To Achieve Target Later Than Expected. Yen Slumped
May 27 06:26 GMT
Japanese yen slumped as BOJ minutes unveiled that Japan’s inflation would reach...
Fed Unveiled Rate Hike In June Unlikely
May 21 03:42 GMT
The FOMC minutes for the April meeting contained little news. Yet, the indicati...
BOE Minutes Warned Of Upside Risks In Housing Market
May 20 11:12 GMT
Delivering little surprise, the BOE minutes for the May showed that policymaker...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9405
As the greenback has retreated after faltering below resistance at 0.9539, suggesting consolidation below this level would be see... - May 27 07:59 GMT
Trade Idea: GBP/USD - Hold long entered at 1.5355
As cable has rebounded after finding support at 1.5354 yesterday, retaining our view that consolidation above this level would be... - May 27 07:54 GMT
Trade Idea: EUR/USD - Sell at 1.1005
As the single currency has recovered after holding above yesterday's low at 1.0863, suggesting minor consolidation above this lev... - May 27 07:43 GMT
Trade Idea: USD/JPY - Buy at 122.20
As the greenback has retreated after faltering below resistance at 123.32 (yesterday's high), suggesting minor consolidation belo... - May 27 07:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/USD Candlesticks and Ichimoku Analysis
Aussie's sharp retreat from 0.8163 (this month's high) adds credence to ou... - May 27 09:21 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Kiwi has fallen again after meeting renewed selling interest at 0.7564 ear... - May 27 08:50 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although cable rebounded initially last week to 1.5700 (we recommended to ... - May 26 08:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7165
As the single currency has remained under pressure after meeting renewed selling interest at 0.7163 late last week, retaining our... - May 26 14:26 GMT
Trade Idea: USD/CAD - Buy at 1.2360
As the greenback has surged again today, confirming our view that low has been formed at 1.1920 (as wave c and probably entire wa... - May 26 14:23 GMT
Trade Idea: EUR/JPY - Buy at 133.50
Despite intra-day initial fall to 133.10, as the single currency found support there and has rebounded again, suggesting consolid... - May 26 09:28 GMT
Trade Idea: AUD/USD - Sell at 0.7930 or buy at 0.7730
As aussie has remained under pressure, adding credence to our view that top has been formed at 0.8163 (wave A top) and mild downs... - May 26 09:22 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound rebounded initially last week (we recommen... - May 26 09:48 GMT
GBP/CHF Elliott Wave Analysis
As the British pound has maintained a firm undertone after staging a ... - May 26 09:40 GMT
USD/JPY Elliott Wave Analysis
Dollar jumped last week and broke above resistance at 120.85, adding ... - May 25 11:05 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 27 09:35 GMT

Action Bias

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

Fundamental Analysis Reports

European Market Update: ECB Keeps Its ELA Funding For Greece Banking Sector Unchanged For 1st Time In Over 3 Months
May 27 09:36 GMT, by Trade The News
The USD/JPY hovered just off its recent 8-year high at 123.32 ahead of a G7 meeting in Germany. Various Japanese politicians and central bankers reiterated standard G7 rhetoric that it was best if FX...
Dollar Dominance Punishes Euro, Pound And JPY
May 27 09:24 GMT, by ForexTime
The Dollar bulls are continuing to enjoy momentum and drive the Greenback higher following Janet Yellen reigniting buying interest after she recently repeated the Federal Reserve’s commitment to rais...
Gold Finds Dynamic Support
May 27 08:10 GMT, by Blackwell Global
Gold was sold off heavily yesterday, pushing the metal back below the $1200 an ounce mark as India announced a ‘Monetisation Programme’. Gold now sits along the bullish trend line at the bottom of a ...
Silver: Looking To The Long Side
May 27 08:09 GMT, by Blackwell Global
Silver fell strongly overnight, breaching a key psychological level at 17.10, to rest upon support at 16.75. The metal now sits upon a bullish trend-line that is providing plenty of support and may s...
Dollar Extends Gains On Decent US Eco Data
May 27 07:45 GMT, by KBC Bank
Yesterday, the trends of the previous days continued. The dollar extended gains on constructive US eco data. The euro remained in the defensive as political uncertainty weighed. Today, the calendar i...
European Equities Recover, Dollar Rally Pauses
May 27 07:43 GMT, by Swissquote Bank SA
The latest data from the US were broadly mixed with April Durables Goods Orders matching expectations at -0.5%m/m (4% prior). Markit Flash Services PMI came in below expectation at 65.4 versus 56.5 e...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
May 27 09:18 GMT, by Varengold Bank
The dollar was on a bullish footing, hoisted higher as U.S. debt yields rose on the strong economic indicators. The USD received a further boost as the euro slid not only on persisting Greek woes but...
GBPUSD Can Fall Further Towards 1.5100-1.5000
May 27 08:16 GMT, by Elliott Wave Financial Service
Cable broke lower on Friday so we see wave 2/B as completed recovery at 1.5690 because of a strong decline through 1.5584 level. Notice that wave C already reached our minimum expected zone near 1.53...
EUR/USD Nears Weekly S1 At 1.0856
May 27 07:25 GMT, by Dukascopy Swiss FX Group
On Tuesday, the single European currency remained under significant bearish pressure, as US fundamentals pushed EUR/USD below 1.09. The pair dropped to one-month lows and was stopped by the weekly S1...
GBP/USD Extends The Correction For The Second Week
May 27 07:22 GMT, by Dukascopy Swiss FX Group
Yesterday, the Sterling declined slightly more than anticipated, as the Cable crossed the immediate support at 1.5406, before stabilising at 1.5390. Moreover, the pair even reached a two-week low of ...
USD/JPY Struggles To Overcome 123 Area
May 27 07:21 GMT, by Dukascopy Swiss FX Group
On Tuesday, the US Dollar skyrocketed and crossed the two closest resistance clusters. During the trading session the Greenback managed to reach the 2007 high, but was pushed back and, eventually, cl...
XAU/USD Pierces Through Monthly PP
May 27 07:20 GMT, by Dukascopy Swiss FX Group
After four consecutive days of sluggish changes, the precious metal slipped considerably on Tuesday, while pricing US fundamentals. The nearest support, represented by monthly PP, weekly S1 and 55-da...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
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...
All Long Term Forecasts >>
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