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Oct 21 10:19 GMT

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European Session: Orders and Options Watch
Oct 21 09:05 GMT, by ActionForex.com
EUR: The single currency rebounded after finding renewed buying interest at 1.2731 yesterday, offers at 1.2800-05 and 1.2820-25 were filled, however, more sell orders are reported at 1.2850 and 1.2880-90, mixture of offers and stops is located at 1.2900, selling interest is tipped at 1.2920-30 and 1.2950. On the downside, bids are raised to 1.2815...

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

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...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Sell at 0.9480
The greenback has rebounded after holding above minor support at 0.9396, retaining our view that further consolidation would be s... - Oct 21 10:11 GMT
Trade Idea Update: 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 10:07 GMT
Trade Idea Update: EUR/USD - Stand aside
Despite intra-day rebound to 1.2840, as the single currency has retreated after faltering below indicated resistance at 1.2845-50... - Oct 21 10:05 GMT
Trade Idea Update: 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 10:00 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback slipped last week to as low as 0.9360, as the pair ... - Oct 21 09:38 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest just above 1.2600 level ... - Oct 20 10:03 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Although the single currency has retreated again after faltering below yesterday's high of 137.01 and consolidation would be seen... - Oct 21 09:35 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Although aussie edged higher after rebounding from 0.8686 and near term upside risk remains for marginal gain, as outlook is stil... - Oct 21 09:30 GMT
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
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 10:10 GMT

Action Bias

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

Fundamental Analysis Reports

Limited Enthusiasm In GBP-Bulls, JPY Strengthens
Oct 21 09:50 GMT, by Swissquote Bank SA
USD/JPY and JPY crosses trade sluggish as Japanese insurers display little enthusiasm in foreign assets in their allocation plans for the second half of the fiscal 2014. Trend and momentum indicators...
Risk-On Prevails As Chinese Growth Beats Expectations
Oct 21 09:47 GMT, by Swissquote Bank SA
Chinese GDP grew 7.3% y/y in Q3, slightly beating 7.2% expected (vs. 7.5% in Q2). The retail sales and fixed assets (ex-rural) expanded at marginally slower pace, while the industrial production acce...
Daily FX Analysis
Oct 21 09:46 GMT, by Investica
The Euro was confined to relatively narrow ranges with an inside day in technical terms as no major technical levels came under threat while the dollar was generally subdued. At a meeting between Fre...
Gold Rallies As It Reached Its Monthly High
Oct 21 09:45 GMT, by Easy Forex
The euro (EUR) climbed from 1.2730 all the way up to 1.2824 against the US dollar (USD). The euro gained momentum as investors anticipate that the Fed may delay increase the interest rates due to slo...
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 ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Technical Analysis for Crosses
Oct 21 09:39 GMT, by ICN.com
The pair retested the significant support of intraday trading 172.00, whereas stabilizing above it is the main catalyst to extending the expected upside move for the coming period targeting 173.65 an...
Technical Analysis for Major Currencies
Oct 21 09:38 GMT, by ICN.com
The pair managed to move to the upside above 1.2780 and stabilized above it, as trading above it is positive and could extend the upside move towards 1.3070 later, but the positive outlook should be ...
Today's Market Outlook
Oct 21 08:59 GMT, by Windsor Brokers Ltd
The Euro probes above 1.28 barrier, on a fresh strength, off yesterday's low at 1.2730. Near-term price action continues to trade in choppy consolidation, entrenched within 1.2700/1.2840 range. Posit...
USDCAD Elliott Wave Analysis: Correction Within Uptrend!?
Oct 21 08:57 GMT, by Elliott Wave Financial Service
USDCAD is reversing from the highs but it can be just another deep corrective retracement. Ideally price turned down into wave ii) that may find the low at 1.1180-1.1200 zone. Keep in mind that as lo...
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...
All Daily Technical Reports >>

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Central Bank Analysis
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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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