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May 28 09:50 GMT

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European Session: Orders and Options Watch
May 28 09:38 GMT, by ActionForex.com
EUR: The single currency continued to edge higher after rebounding from yesterday's low of 1.0819, offers at 1.0930 were filled but sell orders are still noted at 1.0950-60, 1.0980 and 1.1000, selling interest is tipped further out at 1.1020, 1.1050 and 1.1080, mixture of offers and stop is located at 1.1100. On the downside, bids are raised to 1....

Technical Outlook

GBP/JPY Daily Outlook
GBP/JPY's rally resumes after brief consolidation and intraday bias is back on the upside. Current up trend should now ... - May 28 03:34 GMT
EUR/JPY Daily Outlook
The rebound from 133.09 extends higher today and break of 135.34 minor resistance suggests that pull back from 136.95 i... - May 28 03:31 GMT
EUR/GBP Daily Outlook
EUR/GBP lost some downside momentum but with 0.7162 minor resistance intact, deeper decline is still expected to 0.7013... - May 28 03:25 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 28 03:24 GMT

Special Reports

BOC Indicates Canada's Economy Hinges On US' Growth
May 28 06:34 GMT
The BOC meeting in May delivered little surprise as it was widely anticipated t...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9405
Dollar's retreat after yesterday's marginal rise to 0.9543 suggests a temporary top has possibly been formed there and consolidat... - May 28 08:19 GMT
Trade Idea: GBP/USD - Stand aside
Although the British pound has recovered after falling to 1.5302 yesterday and consolidation above this level would be seen, reck... - May 28 08:10 GMT
Trade Idea: EUR/USD - Sell at 1.0990
As the single currency has edged higher after rebounding from yesterday's low of 1.0819, retaining our view that initial consolid... - May 28 08:04 GMT
Trade Idea: USD/JPY - Buy at 122.90
The greenback has retreated after intra-day brief rise to 124.30 and consolidation below this level is in store and pullback to 1... - May 28 07:45 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As euro has recovered after falling to 0.7055 yesterday, suggesting consol... - May 28 08:50 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although euro's retreat from 1.0502 has kept price under pressure and near... - May 28 08:42 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Hold long entered at 134.25
The single currency found renewed buying interest at 133.82 and has rallied again, adding credence to our view that low has possi... - May 28 09:43 GMT
Trade Idea: AUD/USD - Stand aside
Aussie has fallen again after brief bounce to 0.7761, suggesting the deline from 0.8163 (wave A top) is still in progress and dow... - May 28 09:37 GMT
Trade Idea: EUR/GBP - Sell at 0.7165
Outlook remains bearish for recent decline from 0.7483 to extend further weakness, bring retest of 0.7014 (wave iii trough), brea... - May 27 15:00 GMT
Trade Idea: USD/CAD - Buy at 1.2360
As the greenback has continued to move higher, adding credence to our bullish view low has been formed at 1.1920 (as wave c and p... - May 27 14:50 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Aussie continued to fall after retreating sharply from 0.8163 (this m... - May 27 11:05 GMT
EUR/CHF Elliott Wave Analysis
The single currency slipped again this week and near term downside ri... - May 27 10:55 GMT
GBP/USD Elliott Wave Analysis
Although the British pound rebounded initially last week (we recommen... - May 26 09:48 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 28 09:40 GMT

Action Bias

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

Fundamental Analysis Reports

European Market Update: Shanghai Composite Slumps Over 6% Over Concerns That PBoC Might Have Ended Easing, UK Q1 GDP Unrevised But Below Expectations
May 28 09:38 GMT, by Trade The News
Monetary Policy Divergence helped to push the USD/JPY to its highest level since 2002 at 124.29. Continued to see some mild verbal intervention by Japanese officials ahead of G7 meeting in Germany. T...
Oil Wedges Before Breakout
May 28 07:53 GMT, by Blackwell Global
The fundamentals on crude are still rather bearish and should make $100 a barrel nothing but a pipe dream (if you’ll excuse the pun). But there is a potential for an upside trade on crude oil in the ...
Why A Worldwide Iron Ore Cartel Is Unlikely
May 28 07:52 GMT, by Blackwell Global
The price of iron ore has continued to be driven lower, mainly through the low cost expansion projects within Australia and Brazil. Prices for the commodity have continued falling from last July’s, h...
Bearish Momentum In The Pound/Dollar Continues
May 28 07:37 GMT, by ForexTime
The recent close below 1.55 was a critical blow for the Pound/Dollar bulls, and the bears have continued to exploit each opportunity to increase selling pressure with the pair still looking technical...
Chinese Shares Tumble, Greek Hopes
May 28 07:34 GMT, by Swissquote Bank SA
Chinese equities tumble after margin lending tighten at brokerages. The Shanghai Composite retreated -3.78% while Hong Kong’s Hang Seng lost -2.10%. In Shanghai, the main gauge is up more than 50% si...
EUR/USD Decline Halted After 'Positive' Rumours On Greece
May 28 07:30 GMT, by KBC Bank
Yesterday, USD strength initially prevailed with the dollar gaining ground against the euro and the yen. However, positive headlines from Greek officials changed fortunes for the euro, even as not al...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
May 28 09:21 GMT, by DeltaStock Inc.
EUR/USD A minor reversal has been confirmed at 1.0816 low and the intraday outlook is positive, for a break through 1.0960, en route to 1.1050 major hurdle.
EUR/USD Settles Above Weekly S1
May 28 08:27 GMT, by Dukascopy Swiss FX Group
Yesterday, the common currency stopped losing value and settled just above the weekly S1 at 1.0856. This level continues to support EUR/USD on Thursday as well. However, this development seems to be ...
GBP/USD Stuck Between 1.52 And 1.54
May 28 08:21 GMT, by Dukascopy Swiss FX Group
The Cable keeps falling for the second week in a row, as the Sterling declined again versus the Greenback yesterday. The pair attempted to edge higher, but the 200-day SMA pushed it all the way down ...
USD/JPY Reaches 13-Year High
May 28 08:14 GMT, by Dukascopy Swiss FX Group
The Greenback keeps appreciating against the Yen for the second week in a row. The nearest resistance cluster was easily breached, but the USD/JPY currency pair struggled to stay above the 124 area. ...
XAU/USD Unchanged At Two-Week Lows
May 28 08:13 GMT, by Dukascopy Swiss FX Group
It seems that market decided to limit the bullion's movements on Wednesday, following a sharp decline a day before. The XAU/USD cross made no single attempt to plummet below the weekly S2 at 1,182 or...
USDCHF Could Move Higher After Finding Support Near 0.9400
May 28 07:39 GMT, by Elliott Wave Financial Service
USDCHF broke higher, above the former swing high so we adjusted the wave count as current rally can be wave wave three of three headed towards 0.9600 but ideally up to 0.9800. If we are correct then ...
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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