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Oct 31 14:11 GMT

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Mid-Day Report: Yen Sharply Lower as BoJ Shocked Markets
Oct 31 12:47 GMT, by ActionForex.com
The Japanese yen tumbles sharply today as BoJ surprised the markets by announcing additional easing. The target for monetary base expansion was rated from JPY 60-70T to JPY 80T. The decision was not unanimously and was voted by 5-4. The central bank will buy at an annual pace of JPY 80T in JGBs, comparing to prior JPY 50T, at average maturity of s...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains mildly on the downside for 1.2500 support. Break will Break will extend the larger fal... - Oct 31 12:53 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains on the downside for 1.5876 low. Break will extend the decline from 1.7190 and to 61.8%... - Oct 31 12:51 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the upside for 0.9688 resistance. Break will extend that larger rise from 0.8698 to... - Oct 31 12:50 GMT
USD/JPY Mid-Day Outlook
USD/JPY jumps to as high as 111.88 so far today and the strong break of 110.08 resistance confirmed up trend resumption... - Oct 31 12:48 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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9550
As the greenback found renewed buying interest at 0.9544 yesterday and has rallied again, adding credence to our bullish view tha... - Oct 31 13:03 GMT
Trade Idea Update: GBP/USD - Sell at 1.6025
The British pound also slipped after rebounding to 1.6039 yesterday, suggesting the fall from 1.6184 is still in progress, break ... - Oct 31 13:01 GMT
Trade Idea Update: EUR/USD - Sell at 1.2630
The single currency has fallen again after meeting renewed selling interest at 1.2632 yesterday, bearishness remains for the fall... - Oct 31 12:53 GMT
Trade Idea Update: USD/JPY - Buy at 110.50
As the greenback has rallied after finding renewed buying interest at 108.80 and broke above previous chart resistance at 110.09,... - Oct 31 12:52 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Current rally signals recent decline has formed a low at 134.14 earlier (w... - Oct 31 08:22 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the greenback has retreated after rising to 1.1386 earlier this month, ... - Oct 31 08:00 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under near term pressure after retreat... - Oct 30 09:44 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 139.00
As the single currency has rallied again on BOJ, confirming recent decline has ended at 134.14 and impulsive wave has commenced f... - Oct 31 09:43 GMT
Trade Idea: AUD/USD - Hold short entered at 0.8840
Although aussie has rebounded after falling to 0.8755 yesterday, reckon upside would be limited to 0.8855-60 and bring another de... - Oct 31 09:31 GMT
Trade Idea: EUR/GBP - Buy at 0.7820
Although the single currency has remained under pressure and near term downside risk remains for the fall from 0.8047 to extend w... - Oct 30 14:37 GMT
Trade Idea: USD/CAD - Buy at 1.1080
Although the greenback recovered after falling to 1.1122 yesterday, reckon 1.1255-65 would limit upside and near term downside ri... - Oct 30 14:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has rallied after brief pullback, adding credence... - Oct 31 10:06 GMT
USD/CHF Elliott Wave Analysis
The greenback found renewed buying interest at 0.9442 and has rebound... - Oct 31 09:57 GMT
EUR/GBP Elliott Wave Analysis
As the retreat from 0.8047 has kept euro under pressure, suggesting i... - Oct 30 10:40 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 31 14:05 GMT

Action Bias

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

USD/JPY - Yen Plunges as BoJ Announces Stimulus Surprise
Oct 31 12:58 GMT, by MarketPulse
USD/JPY has climbed sharply on Friday, as the pair trades in the mid-111 range in the European session. The pair jumped after a surprise announcement by the BoJ to increase stimulus by raising its mo...
BoJ's Brings 'Trick or Treat' to Work
Oct 31 11:58 GMT, by MarketPulse
The forex space has been waiting a long time for a plethora of monetary and policy reasons to once again ignite currency moves. For too long, CBanks no-nonsense, low rate approach had been curtailing...
Gold Prices Sink on Strong US Numbers
Oct 31 11:57 GMT, by MarketPulse
Gold prices continue to lose ground on Friday, as the spot price trades at $1174.86 per ounce in the European session. Gold has slipped to its lowest level since 2014, and has tumbled 4.4% since Tues...
Japan: BoJ Expands QE Programme In Surprise Easing Move
Oct 31 11:11 GMT, by Danske Bank
In a big surprise move, the Bank of Japan (BoJ) expanded its QE programme quite aggressively in connection with today's monetary meeting. It expanded the target for the annual expansion in the moneta...
EUR/USD – Euro Weakens As German Retail Sales Plunge
Oct 31 10:55 GMT, by MarketPulse
EUR/USD continues to lose ground on Friday, as the pair trades in the mid-1.25 range in the European session. On the release front, it’s a busy day in the Eurozone and the US. In the Eurozone, German...
Yen Reached Its 6-Year Low At 111
Oct 31 10:42 GMT, by Easy Forex
The euro (EUR) continues the downside as it reached a monthly low at 1.2546 against the US dollar (USD). The Fed officially ended its quantitative easing (QE) program and Fed officials believe that i...
All Daily Fundamental Reports >>

Technical Analysis Reports

Nikkei Surges as BoJ Unexpectedly Expands QE
Oct 31 13:00 GMT, by Forex.com
One central bank ends QE, another increases it. This is not a trick but a treat for the markets. The global equity markets have surged higher after the Bank of Japan surprised the markets overnight b...
The Daily Wave Analysis
Oct 31 10:39 GMT, by Admiral Markets
The confirmation of the EURUSD starting its 5th wave (orange) is when price breaks below the bottom (green line).One of the most likely alternative wave counts (usually there are multiple options) co...
Forex Technical Analysis
Oct 31 10:33 GMT, by DeltaStock Inc.
The pattern above 1.2540 is corrective in nature, thus preceding a break through 1.2500 low, en route to 1.2380. Initial intraday resistance lies at 1.2600, followed by the 1.2632 high.
Today's Market Outlook
Oct 31 09:54 GMT, by Windsor Brokers Ltd
The Euro remains under pressure, with fresh weakness off 1.2630, yesterday’s recovery peak, hitting fresh 3 ½ week low, on a probe below yesterday’s 1.2545 low. Yesterday’s close below 1.2660, Nov 20...
Technical Analysis for Major Currencies
Oct 31 09:40 GMT, by ICN.com
The pair dropped again after touching around the resistance 1.2625 and is trading again below 1.2580. Trading below the referred to level 1.2580 extends the downside move today, while breaking 1.2485...
Technical Analysis for Crosses
Oct 31 09:40 GMT, by ICN.com
The pair rallied to the upside after confirming the Inverted Head and Shoulders Pattern showing above, and is attempting to breach the second target at 176.35 easing the way to extend the bullish bia...
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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