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May 28 03:51 GMT

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Daily Report: Dollar Firm With USD/JPY Breaks 7 Year High
May 28 02:49 GMT, by ActionForex.com
US equities staged a strong rebound overnight, in particular, with NASDAQ closing at new record high of 5106.56, up 73.84 pts, or 1.47%. DJIA also closed up 121.45 pts, or 0.67% at 18162.99 after drawing strong support from 55 days EMA. Similar picture was seen in S&P 500 which closed at 2123.48, up 19.28 pts or 0.92%. There were talks that th...

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

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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9425
As the greenback has risen again after intra-day brief retreat, suggesting recent rise from 0.9072 is still in progress and may e... - May 27 15:56 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
The British pound resumed recent decline after meeting renewed selling interest at 1.5437, suggesting near term downside risk rem... - May 27 15:53 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.0980
As the single currency has recovered after intra-day fall to 1.0819, suggesting consolidation above this level would be seen and ... - May 27 15:47 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 122.90
The greenback has surged again after brief pullback and bullishness remains for recent upmove to extend further gain to 124.00-10... - May 27 15:34 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
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
Trade Idea: EUR/JPY - Buy at 134.25
The single currency has rebounded again after brief retreat to 133.67 (missed our long entry at 133.50) and this move adds creden... - May 27 10:23 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7730
Although aussie has remained under pressure and marginal weakness from here cannot be ruled out, oversold condition suggests curr... - May 27 10:05 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 03:45 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

AUD Plummets As Investment Dwindles
May 28 02:37 GMT, by ThinkForex
RBA were crossing their fingers for any signs of animal spirits today, to provide reassurance that record low interest rates were actually working. Today was not that day. Expected to contract by -2....
USD/CAD Trades Above 1.2450 After BoC Statement
May 28 01:22 GMT, by MarketPulse
The USD/CAD continues to climb higher as the USD rally keeps gathering momentum. The week started with a holiday for the U.S. and parts of Europe that resulted in thin volume. Yesterday with all mark...
Asian Session Morning: Markets Chop And The FIFA Sting
May 28 01:11 GMT, by Vantage FX
The big news yesterday, while not being market related, was the raids on Football's governing body FIFA. If you're a global citizen then you should be able to at least see the potential political pow...
Bank of Canada Holds Overnight Rate Steady at 0.75%
May 27 15:41 GMT, by RBC Financial Group
The Bank of Canada left the overnight rate unchanged at 0.75% as was generally expected. The decision was largely the result of both recent inflation and growth numbers generally remaining in line wi...
Could the Fed's Promise of "Gradual" Tightening Mean 0.125% Rate Hikes?
May 27 13:54 GMT, by Forex.com
Regardless of their preferred asset class, the single most important question on traders' minds is "When will the Federal Reserve start raising interest rates?" Investors and analysts (yours truly in...
Yen Entering Unchartered Waters
May 27 12:33 GMT, by MarketPulse
With one session down into an already shortened trading week, the mighty dollar is consolidating some of the strong gains it has acquired since last Friday. Yen outright trades are close to eight-yea...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
May 28 03:44 GMT, by FX Instructor
The EURUSD was indecisive yesterday. Price attempted to push lower slipped below 1.0850 but closed higher at 1.0901. The bias is neutral in nearest term but overall I remain bearish with nearest targ...
Market Morning Briefing
May 28 03:43 GMT, by Kshitij Consultancy Services
But, the Pound (1.5354) remains weak, although it is up a little from a low of 1.5300, and can target 1.53 while below 1.5375. The Aussie too had bounced during the day yesterday (0.7690) but has fal...
GBPUSD: Trading The Electoral Gap
May 28 03:26 GMT, by ThinkForex
At current levels we could see a quick conclusion to this trade plan. It will either behave, by respecting the bearish trend and confirming a swing high at 1.537, or it will misbehave by breaking thi...
AUD/USD – Consolidates Above Key 0.77 Level
May 28 01:31 GMT, by MarketPulse
For almost the last week the Australian dollar has continued to decline and has recently reached a one month low just below 0.77. To start this week it was consolidating just below the key 0.7850 lev...
Australia 200 – Continues To Keep An Eye On 5800
May 28 01:30 GMT, by MarketPulse
In the last couple of weeks the ASX200 index has moved back and forth around the key 5650 level, but in doing so has temporarily halted the medium term down trend it was in from 6000. It has been abl...
GBPCAD: Double Top Danger
May 28 01:18 GMT, by Forex.com
Since the conclusion of the election in the UK a couple weeks ago that was anticipated to be a political mess but ended up being a resounding victory for the conservative Tories, the GBP has been on ...
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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