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Apr 24 05:55 GMT

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Daily Report: Kiwi Mildly Firm after Hawkish RBNZ Hike
Apr 24 02:27 GMT, by ActionForex.com
New Zealand dollar is mildly higher after RBNZ raised the OCR by 25bps to 3.00% as widely expected. The accompanying statement is seen as generally hawkish. Growth is expected to be 3.5% in the year to March, comparing to 3.3% as stated in prior statement. Meanwhile, spare capacity is being absorbed, and inflationary pressures are becoming appare...

Technical Outlook

GBP/JPY Daily Outlook
The breach of 171.45 minor support suggest that the rebound from 169.50 is completed at 172.78 already. Intraday bias i... - Apr 24 03:49 GMT
EUR/JPY Daily Outlook
EUR/JPY continues to stay in range of 139.95/143.78. Intraday bias stays neutral and outlook is unchanged too. Price ac... - Apr 24 03:45 GMT
EUR/GBP Daily Outlook
A temporary low is formed at 0.8197 and intraday bias is turned neutral first. Recent development is quite mixed. But w... - Apr 24 03:23 GMT
EUR/AUD Daily Outlook
As long as 1.4964 resistance holds, near term outlook in EUR/AUD stays bearish and another fall is still expected. Belo... - Apr 24 03:18 GMT

Special Reports

RBNZ Raised OCR For Second Consecutive Month
Apr 24 03:58 GMT
The RBNZ raised the OCR for a second consecutive time by +25 bps to 3% in April...
Downside Surprise of Australian Inflation Gives RBA More Flexibility to Stay Neutral
Apr 23 13:21 GMT
Australia's headline CPI decelerated to +0.6% q/q in 1Q14 from +0.8% in the pre...
BOE Remains Split On Economic Slack Despite Recovery
Apr 23 10:20 GMT
The BOE minutes for the April meeting unveiled that policymakers generally agre...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: GBP/USD - Sell at 1.6795
Cable's intra-day selloff after faltering below last week's high of 1.6842 together with the break of support at 1.6774 suggest... - Apr 23 15:52 GMT
Trade Idea Wrap-up: EUR/USD - Hold long entered at 1.3825
As the single currency has retreated after intra-day rise to 1.3855, suggesting caution on our long position entered at 1.3825 ... - Apr 23 15:47 GMT
Trade Idea Wrap-up: USD/JPY - Hold short entered at 102.40
As the greenback met renewed selling interest just below this week's high of 102.73 and has retreated, suggesting top is possib... - Apr 23 15:42 GMT
Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day brief fall to 0.8807, lack of follow through selling suggests consolidation would be seen and recovery to the... - Apr 23 15:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound found renewed buying interest at 1.6660 last week and ha... - Apr 23 08:28 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.8778 late last week and h... - Apr 23 08:24 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency opened lower last week and a potential evening doji be... - Apr 22 09:42 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.8220
As the single currency has staged a strong rebound after falling to 0.8198 yesterday (just held above previous support at 0.819... - Apr 23 14:56 GMT
Trade Idea: USD/CAD - Exit long entered at 1.0890
As the greenback has risen again after brief retreat to 1.1001 yesterday, bullishness remains for the rebound from 1.0858 low t... - Apr 23 14:48 GMT
Trade Idea: EUR/JPY - Sell at 142.20
The single currency edged higher again today, retaining our view that near term upside risk remains for the rebound from 140.08... - Apr 23 09:54 GMT
Trade Idea: AUD/USD - Buy at 0.9215
Aussie met renewed selling interest at 0.9378 yesterday and has dropped quite sharply today, retaining our view that temporary ... - Apr 23 09:50 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Despite rising to 1.6820 last week, as the British pound has retrea... - Apr 23 10:07 GMT
GBP/JPY Elliott Wave Analysis
The British pound did find renewed buying interest at 169.50 as sug... - Apr 23 10:04 GMT
USD/JPY Elliott Wave Analysis
Although the greenback continued to edge higher after rebounding from... - Apr 22 10:18 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 24 05:50 GMT

Action Bias

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

Asian Market Update: RBNZ Hikes Rates As Expected, Raises GDP Forecast, Tech Titans Facebook, Apple, TI Rally On Strong Earnings
Apr 24 04:23 GMT, by Trade The News
New Zealand dollar is the biggest mover among the dollar majors, hitting a 1-week high against the greenback above $0.8630. As widely expected, Reserve Bank of New Zealand raised its official cash ra...
RBNZ Raises Interest Rate To 3.00%
Apr 24 01:44 GMT, by ICN.com
The Reserve Bank of Australia decided Wednesday to raise interest rates, adding that it will keep inflation in check and interest rate will rise towards a level at which they are no longer adding to ...
AUDNZD Gets Hit By Australia's CPI Data And A Rate Hike By The RBNZ
Apr 24 01:42 GMT, by Forex.com
The Reserve Bank of New Zealand (RBNZ) raised the official cash rate by 25 bps to 3.00% as expected. The bank was unfazed by lower than expected inflation in Q1 and falling dairy prices over the last...
Kiwi Rallies As RBNZ Raised Rates By 25bps To 3.00%
Apr 24 01:40 GMT, by Forex.com
The Kiwi has rallied after the Reserve Bank of New Zealand raised rates by 25bps to 3.00% – This was in-line with market expectations.
Stocks And Aussie Lower But Facebook And Apple Beats Will Buoy Sentiment
Apr 24 01:31 GMT, by Vantage FX
Right, time for some thoughtful reflection on whether or not the massive beats by Apple and Facebook after hours render the negative price action in US markets during their day moot. The reason I rai...
USD/CAD - Flat As Canadian Retail Sales Slip
Apr 23 15:18 GMT, by MarketPulse
The Canadian dollar continues to have an uneventful week as USD/CAD trades in the mid-1.10 range in Wednesday's North American session. Canadian retail sales numbers dropped in March, but did matched...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Apr 24 04:21 GMT, by HY Markets
THE EURO closed slightly higher on Wednesday and the lowrange close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sidewa...
The Daily Wave Analysis
Apr 24 03:39 GMT, by Admiral Markets
Price broke out of the corrective channel to the upside (purple) and could be making a wave X (black). A break of the magenta trend lines could indicate to which direction a breakout might occur.
Daily Technical Analysis
Apr 24 03:30 GMT, by FX Instructor
The EURUSD attempted to push higher yesterday, slipped above 1.3850 but failed to consistently move above that area and closed at 1.3815. There has been no significant movement so far. There are no c...
The Daily Forecaster: AUDUSD
Apr 24 02:45 GMT, by FX-Forecaster
Losses came sharply but remained above the deeper 0.9255 retracement level. There is still a minor risk of seeing 0.9255 but with a shallow inverse head & shoulders we should see some gains and p...
EUR/USD – Steady Above Key 1.38 Level
Apr 24 02:15 GMT, by MarketPulse
In the last couple of weeks the Euro has eased back from the resistance level at 1.39 after surging up higher to that level near the beginning of April and it seems content to settle around 1.38 for ...
AUD/USD – Support At Key 0.93 Level Wanes
Apr 24 02:13 GMT, by MarketPulse
The last couple of weeks has seen the Australian dollar drift lower from resistance just below 0.95 after reaching a six month high in that area. In the last few days however it received solid suppor...
All Daily Technical Reports >>

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Long Term Forecasts

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...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by MarketPulse
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
GBP/USD - 2013 In Review
Dec 26 02:30 GMT, by MarketPulse
The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous foreca...
EUR/USD - 2013 in Review
Dec 25 13:46 GMT, by MarketPulse
The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. ...
All Long Term Forecasts >>
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