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Oct 30 15:52 GMT

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US Session: Orders and Options Watch
Oct 30 14:32 GMT, by ActionForex.com
EUR: The single currency bounced off low of 1.2547 in NY morning in part due to the release of US GDP data, offers at 1.2600-20 were filled but sell orders in good size are still noted at 1.2640-50, more selling interest is tipped at 1.2670-80 and 1.2700-10. On the downside, some bids are seen at 1.2570-80 and in good size at 1.2540-50 as well as ...

Technical Outlook

EUR/USD Mid-Day Outlook
The break of 1.2613 minor support confirmed that rebound from 1.2500 has completed. Intraday bias is back on the downsi... - Oct 30 13:09 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 30 13:06 GMT
USD/CHF Mid-Day Outlook
The break of 0.9559 minor resistance suggests that rebound form 0.9359 has resumed. Intraday bias is back on the upside... - Oct 30 13:01 GMT
USD/JPY Mid-Day Outlook
USD/JPY reaches as high as 109.34 so far and intraday bias remains on the upside. Rebound from 105.19 would target a te... - Oct 30 12:50 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 Wrap-up: USD/CHF - Buy at 0.9525
As the greenback has retreated after intra-day brief rise to 0.9611, consolidation below this level would be seen and pullback to... - Oct 30 15:50 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6080
The British pound also recovered after intra-day brieef fall to 1.5951, suggesting minor consolidation would be seen and correcti... - Oct 30 15:47 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2680
Although the single currency fell briefly to 1.2547, lack of follow through selling on break of intra-day support and current reb... - Oct 30 15:42 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 108.50
As the greenback has retreated after intra-day brief rise to 109.36, suggesting minor consolidation below this level would be see... - Oct 30 15:36 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under near term pressure after retreat... - Oct 30 09:44 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
As the single currency has remained under pressure after retreating sharpl... - Oct 30 09:36 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie tumbled to 91.80, the subsequent rebound from there formed... - Oct 29 09:58 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

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
Trade Idea: EUR/JPY - Buy at 136.65
As the single currency has retreated after rising to 138.03 yesterday, consolidation below this level would be seen and pullback ... - Oct 30 09:23 GMT
Trade Idea: AUD/USD - Sell at 0.8840
Despite yesterday's brief rise to 0.8911, lack of follow through buying on break of previous resistance at 0.8899 and the subsequ... - Oct 30 09:19 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the retreat from 0.8047 has kept euro under pressure, suggesting i... - Oct 30 10:40 GMT
USD/CAD Elliott Wave Analysis
As the greenback has retreated after rising to 1.1386, suggesting con... - Oct 30 10:36 GMT
EUR/CHF Elliott Wave Analysis
The single currency met renewed selling interest at 1.2140 earlier th... - Oct 29 11:21 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 30 15:45 GMT

Action Bias

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

Fundamental Analysis Reports

AUD/USD - Aussie Shows Gains Despite Strong US GDP
Oct 30 15:00 GMT, by MarketPulse
AUD/USD has posted gains on Thursday, as the pair trades in the low-0.88 range. On the release front, Australian Import Prices posted a second straight decline, coming in at -0.8%. In the US, GDP pos...
U.S. Economy Grew at a Solid Pace in Q3 2014
Oct 30 14:42 GMT, by Wells Fargo Securities
U.S. real GDP rose at an annualized rate of 3.5 percent in the third quarter relative to the previous quarter, which was a bit stronger than most analysts had anticipated (top chart). Not only did th...
US GDP Grew by a Stronger than Expected 3.5% in the Third Quarter
Oct 30 13:37 GMT, by RBC Financial Group
The advance estimate of US third-quarter 2014 GDP growth was 3.5%, which was above market expectations for a 3.0%. Although solid, the third-quarter headline increase was still down from an outsized ...
USD/JPY - Improving Dollar Hits 109
Oct 30 12:58 GMT, by MarketPulse
USD/JPY has moved upwards on Thursday, as the US dollar has posted broad gains following the FOMC policy statement on Wednesday. In the European session, the pair is trading just above the 109 line. ...
Fed Stops Printing Press-Market Caught Napping
Oct 30 12:07 GMT, by MarketPulse
The Fed ended QE3 as expected, but has caught the market off guard with a definite hawkish tint in the statement delivered yesterday. Technically, the FOMC has finally closed the door on QE with th...
Gold Loses Ground After FOMC Statement
Oct 30 11:25 GMT, by MarketPulse
Gold prices have fallen close to $1200 on Thursday as the metal continues to lose ground to the broadly-stronger US dollar. In the European session, the spot price per ounce stands at $1205.43, marki...
All Daily Fundamental Reports >>

Technical Analysis Reports

Technical Outlook: Important GBP Crosses
Oct 30 13:46 GMT, by Admiral Markets
Even if the descending trend line portrays extended weakness of the GBPAUD pair, the 50% Fibonacci Retracement of its January - September decline, near 1.8200, quickly followed by the 100-day EMA sup...
Technical Update - Important NZD Pairs
Oct 30 13:43 GMT, by Admiral Markets
The pair continues to move in a trading range, depicted by reversal from a strong resistance area near 1.6240-60 region. However, the pair now seems to have found some intermediate support near 1.610...
S&P 500: 7 Factors Leave a Split Decision Between Bulls and Bears
Oct 30 13:39 GMT, by Forex.com
Totaling up these seven (admittedly somewhat arbitrary) indicators, we have a split decision between bulls and bears. For equity traders, this suggests keeping a flexible outlook on US stocks and wat...
DAX Turns Lower on Concerns Over End of QE, Health of European Banks
Oct 30 12:45 GMT, by Forex.com
Stocks took their time but are now sharply lower on the day. This is possibly a delayed response to yesterday's news that the Fed has ended QE, as after all today's European earnings results and econ...
The Daily Wave Analysis
Oct 30 10:47 GMT, by Admiral Markets
The EURUSD's drop during the FOMC statement most likely ended the wave 4 (orange) but a break of the bigger 1.25 bottom (green) would be needed. The bearish momentum was strong with a fall of 200 pip...
Forex Technical Analysis
Oct 30 10:27 GMT, by DeltaStock Inc.
The break through 1.2720 support confirmed a reversal at 1.2770 and the severe sell-off reached a local low at 1.2553. My outlook here is already counter-trend, for a break through 1.2612 intraday re...
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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