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Nov 28 09:30 GMT

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Daily Report: Weak Japan CPI Sends Nikkei Higher, Yen Lower
Nov 28 03:25 GMT, by ActionForex.com
Nikkei rises in Asian session after a batch of mixed Japanese data while the yen is mildly lower. National CPI core slowed for the third straight month to 2.9% yoy in October, as expected. Adjusted for the April sales tax hike, national CPI core slowed to 0.9% yoy, moved further away from BoJ's target of 2%, and was below 1% level for the first ti...

Technical Outlook

AUD/USD Daily Outlook
No change in AUD/USD's outlook. Recent down trend is still in progress and further decline is expected to 61.8% project... - Nov 28 04:43 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. While bearish divergence condition was seen in daily MACD, the... - Nov 28 04:41 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. More consolidation could be seen. But with 1.2613 resistance i... - Nov 28 04:17 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Corrective recovery from 1.5589 short term bottom might extend... - Nov 28 04:13 GMT

Special Reports

EURCHF And Gold Referendum
Nov 26 11:07 GMT
Voters in Switzerland would vote for 'Save our Swiss Gold' initiative on Novemb...
BOJ Divided Over QQE Expansion, October Minutes Show
Nov 25 06:16 GMT
Japanese yen climbed higher against the US dollar and the euro after the releas...
China Watch: PBOC's Surprising Rate Cuts Signal The Beginning Of Easing Cycle
Nov 24 10:49 GMT
The People's Bank of China (PBOC) cut the benchmark 1-year lending rate by -40b...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9635
As the greenback has continued to edge higher after staging a rebound from 0.9595, suggesting the fall from 0.9731 has possibly e... - Nov 28 08:08 GMT
Trade Idea: GBP/USD - Sell at 1.5735
The British pound has fallen again after brief recovery, suggesting the fall from 1.5826 top is still in progress and may extend ... - Nov 28 08:03 GMT
Trade Idea: EUR/USD - Hold long entered at 1.2445
Although euro's retreat from 1.2532 has kept price under pressure and marginal weakness from here cannot be ruled out, reckon 1.2... - Nov 28 07:58 GMT
Trade Idea: USD/JPY - Buy at 117.90
The greenback found renewed buying interest at 117.24 and has rallied, suggesting the correction from 118.98 (last week's high) h... - Nov 28 07:52 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Euro's retreat after rising to 149.14 last week suggests a temporary top h... - Nov 28 08:41 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
Despite last week's late fall to 1.1191, the greenback did find renewed bu... - Nov 28 08:33 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has retreated after faltering below resistance at 0... - Nov 27 08:48 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: AUD/USD - Hold short entered at 0.8600
Aussie did meet renewed selling interest at 0.8615 yesterday and has dropped again, retaining our bearishness for recent decline ... - Nov 28 09:24 GMT
Trade Idea: EUR/GBP - Stand aside
As the single currency has continued to trade defensively after  retreating sharply from 0.8039, suggesting near term downside ri... - Nov 27 15:04 GMT
Trade Idea: USD/CAD - Stand aside
As the greenback has remained confined within narrow range and further sideways trading is in store, near term downside risk is s... - Nov 27 15:00 GMT
Trade Idea: EUR/JPY - Sell at 148.00
Although euro has retreated from 147.42 (yesterday's high), reckon 145.90-00 would limit downside and near term upside risk remai... - Nov 27 09:24 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Despite staging the anticipated rebound to 0.8039, the subsequent ret... - Nov 27 10:39 GMT
USD/CAD Elliott Wave Analysis
Although the greenback slipped after meeting resistance at 1.1369 and... - Nov 27 10:32 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency has continued to trade defensively and d... - Nov 26 10:49 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Nov 28 09:25 GMT

Action Bias

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

Fundamental Analysis Reports

Dollar Profits From Oil Price Decline
Nov 28 09:08 GMT, by KBC Bank
Low EMU inflation data and a sharp decline of the oil price were the key factors for trading yesterday. The dollar profited across the board even as the gains were moderate. Today, the same factors w...
Oil Plunges To Record Lows
Nov 28 09:05 GMT, by Easy Forex
The euro (EUR) dropped against the US dollar (USD) yesterday at 1.2455 as the Spanish yearly CPI came out to be worse than expected at -0.4%, while the expectations were at -0.3%. The single currency...
No Cut From OPEC - USD Gains Broadly
Nov 28 09:04 GMT, by Swissquote Bank SA
In the forex markets, USD rallied broadly after yesterday’s US holiday hiatus. EURUSD dropped to 1.2450 on heavy USD buying while USDJPY rose to 118.30. The USDKRW and USDMYR both dropped roughly 0.8...
Euro Zone Economic Sentiment Improves, German Unemployment Rate At Record Low
Nov 28 08:41 GMT, by Dukascopy Swiss FX Group
Euro zone economic sentiment improved for the second consecutive month in November as an increase in industry sentiment offset pessimism among consumers, a tentative sign the currency bloc is escapin...
Gold Falls For Third Day Amid Sharp Decline In Oil And Ahead Of Swiss Referendum
Nov 28 08:40 GMT, by Dukascopy Swiss FX Group
Gold declined for a third consecutive day, heading for a weekly drop amid expectations sharp fall in oil prices to the lowest level in four years raised prospects of cooling inflationary pressures, t...
Canada Posts Narrowest Current Account Deficit Since 2008
Nov 28 08:39 GMT, by Dukascopy Swiss FX Group
The Canadian Dollar was lower on Thursday on declining commodity prices and better than expected current account data. The Loonie traded at 88.92 US cents as Statistics Canada reported that the natio...
All Daily Fundamental Reports >>

Technical Analysis Reports

Technical Analysis for Major Currencies
Nov 28 08:58 GMT, by ICN.com
The pair dropped and failed to stabilize above 1.2500. Breaching again the referred to level and stabilizing above it is required to confirm the downside move targeting 1.2585 and 1.2620. while break...
Technical Analysis for Crosses
Nov 28 08:58 GMT, by ICN.com
The pair is approaching the top waiting to be breached 186.10, and Linear Regression Indicators are almost providing a positive signal that support achieving the awaited break above that will ease th...
GBPUSD Elliott Wave Analysis: Correction Within Downtrend
Nov 28 08:26 GMT, by Elliott Wave Financial Service
GBP has recovered against the USD but not for long. We still see only three wave rally from the low as shown on the updated count. As such, bearish waves should not be ignored yet, especially as wave...
Foreign Exchange Market Commentary
Nov 28 04:12 GMT, by HY Markets
THE EURO closed lower on Thursday. The lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI have turned neutral to bullish h...
Market Morning Briefing
Nov 28 03:45 GMT, by Kshitij Consultancy Services
We are changing the stance on Aussie-Dollar (0.8507) and now consider that this is probably not in range as expected few days back. The lower commodity prices, with Crude oil leading lower, will adve...
Daily Technical Analysis
Nov 28 03:26 GMT, by FX Instructor
The EURUSD failed to continue its bullish correction yesterday and hit 1.2448 earlier today. Once again, the upper line of the bearish channel proven to be a strong/valid resistance which keeps the b...
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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