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Oct 24 07:41 GMT

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Daily Report: Dollar Rebound Lost Momentum, UK GDP Awaited
Oct 24 02:23 GMT, by ActionForex.com
US equities extended this week's rebound with a strong close overnight as boosted by positive earnings reports. DJIA closed up 216.58 pts, or 1.32%, at 16677.9 while S&P 500 closed up 23.71 pts, or 1.23%, at 1950.82. Also, it should noted that treasury yield also rose yesterday with 30 year yield closed above 3% level at 3.046%. That compared ...

Technical Outlook

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 24 02:56 GMT
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 24 02:54 GMT
EUR/USD Daily Outlook
Focus remains on 1.2624 minor support. Firm break of 1.2624 will indicate that the correction from 1.2500 has completed... - Oct 24 02:52 GMT
USD/CHF Daily Outlook
At this point, focus remains on 0.9561 minor resistance. Break will confirm that pull back from 0.9688 has finished at ... - Oct 24 02:49 GMT

Special Reports

BOC Revised Growth And Inflation Outlook Higher In October
Oct 23 05:31 GMT
The BOC left the overnight rate unchanged at 1% in October. Accordingly, the Ba...
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...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea: EUR/USD - Sell at 1.2730
As the single currency has remained under pressure, suggesting the fall from 1.2887 top is still in progress, a break of support ... - Oct 24 07:31 GMT
Trade Idea: USD/JPY - Buy at 107.50
As the greenback has maintained a firm undertone after yesterday's rally above previous resistance at 107.50, adding credence to ... - Oct 24 07:26 GMT
Trade Idea Wrap-up: USD/CHF - Buy at 0.9470
As the greenback retreated after intra-day initial brief rise to 0.9559, suggesting minor consolidation below resistance area at ... - Oct 23 15:56 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although the British pound fell briefly to 1.5995 (just held above 61.8% Fibonacci retracement of 1.5875-1.6184 at 1.5993), lack ... - Oct 23 15:51 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP - Candlesticks and Ichimoku Analysis
Although euro's stronger-than-expected rebound to 0.8047 (this month's hig... - Oct 23 09:28 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
Euro's retreat after meeting renewed selling interest at 1.2140 has retain... - Oct 23 09:15 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has recovered after early selloff to 0.7709 and further cons... - Oct 22 09:45 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7970
Although euro recovered after intra-day marginal fall to 0.7871 and consolidation with mild upside bias is seen for recovery to 0... - Oct 23 15:08 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback continued to meet resistance around 1.1296, retaining our view that further consolidation below resistance at 1.... - Oct 23 15:01 GMT
Trade Idea: EUR/JPY - Buy at 135.95
Although the single currency fell briefly to 135.21 earlier today, as euro found renewed buying interest there and has rebounded ... - Oct 23 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Aussie has remained locked within recent established range and although initial recovery to 0.8835-45 cannot be ruled out, reckon... - Oct 23 08:45 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
The single currency only eased to 0.7850 before finding renewed buyin... - Oct 23 10:12 GMT
USD/CAD Elliott Wave Analysis
The greenback rose again after brief pullback and indicated previous ... - Oct 23 10:07 GMT
EUR/CAD Elliott Wave Analysis
Although euro's rebound from 1.4012 turned out to be stronger-than-ex... - Oct 22 11:01 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 24 07:35 GMT

Action Bias

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

NZD Weaker On Trade Data, UK GDP In Focus
Oct 24 07:27 GMT, by Swissquote Bank SA
The risk appetite remained limited in Asia as doctor back from South Africa tests positive for Ebola in NYC hospital. The US equity futures traded lower overnight; Dow Jones futures weakened 0.14%, S...
USD Rebound Rally To Take A Breather
Oct 24 06:33 GMT, by KBC Bank
Yesterday, the dollar stayed well bid as global sentiment on risk was constructive. USD/JPY returned north of 108. EUR/USD traded rather stable despite a better than expected EMU PMI. This morning, s...
Asian Equities Higher On U.S. Earnings
Oct 24 06:03 GMT, by MarketPulse
Asian stocks rose, with the regional benchmark index extending its first weekly gain in seven weeks, after U.S. earnings beat estimates and data signaled stronger European growth. The MSCI Asia Pacif...
Euro Problems Not Running Away
Oct 24 06:01 GMT, by Blackwell Global
Despite all of the noise you hear on the markets, none is more ominous than the Euro-crisis, which is dragging on into its 3rd year now. A combination of a crash, and deflation and what some might ar...
Double Bottom Could Signal A Reversal For Oil
Oct 24 05:59 GMT, by Blackwell Global
Oil markets have been a major talking point for many in the markets recently as the price of a barrel of crude hits a level not seen since June 2012. The fundamentals haven’t changed too much, but a ...
EUR/USD: Euro Reverses Its Gains Ahead Of Germany's GfK Consumer Confidence Data
Oct 24 05:19 GMT, by GCI Financial
The pair is expected to find support at 1.2618, and a fall through could take it to the next support level of 1.2585. The pair is expected to find its first resistance at 1.2681, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Makes A Pit Stop At 1.26
Oct 24 07:22 GMT, by Dukascopy Swiss FX Group
EUR/USD has found some support at 1.26, and the pair is currently consolidating, meaning there is unlikely to be continuation of the decline today. But in the coming weeks there is expected to be a r...
GBP/USD Is About To Close The Week In Red
Oct 24 07:21 GMT, by Dukascopy Swiss FX Group
A failure of the Cable to close above 1.62 this week resulted in the near-term technical indicators becoming even more bearish—six out of eight studies on the weekly time-frame are now pointing downw...
USD/JPY Surprises To The Upside
Oct 24 07:20 GMT, by Dukascopy Swiss FX Group
USD/JPY overshot our expectations by a wide margin by effortlessly piercing through the resistance at 108. And while the weekly technical studies are mostly giving ‘buy' signals, the pair must confir...
USD/CHF Halted By An Up-Trend
Oct 24 07:19 GMT, by Dukascopy Swiss FX Group
The US Dollar came under the selling pressure ahead of the resistance at 0.9571, which is likely to act as a temporary ceiling. But USD/CHF should preserve the upward tendency, as eventually the pair...
Daily FX Report
Oct 24 05:32 GMT, by Varengold Bank
Yesterday the Dow Jones Index of shares climbed 1.3 percent and the Standard & Poor's Index rose 1.2 percent. On Thursday reports showed that retail sales in U.K. dropped more in the past month t...
Foreign Exchange Market Commentary
Oct 24 04:35 GMT, by HY Markets
THE EURO closed higher on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signal...
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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