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Sep 30 13:49 GMT

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Mid-Day Report: Euro Tumbled after Weak Inflation Data, EUR/USD Breached 1.26
Sep 30 13:19 GMT, by ActionForex.com
Euro tumbles broadly today and breached 1.26 handle against dollar after weak inflation data. Flash CPI estimate dropped to 0.3% yoy in September as expected, hitting the lowest level since October 2009. Core CPI slowed to 0.7% yoy versus expectation of 0.9%. Eurozone unemployment rate was unchanged at 11.50% in August. German unemployment unexpec...

Technical Outlook

GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains mildly on the downside for 1.6051 low. Break will resume whole decline from 1.7190 and... - Sep 30 13:29 GMT
USD/CHF Mid-Day Outlook
USD/CHF rises further to as high as 0.9596 so far today and intraday bias remains on the upside. Current rise should ta... - Sep 30 13:26 GMT
USD/JPY Mid-Day Outlook
No change in USD/JPY's outlook as it continues to rise towards f 100% projection of 96.56 to 105.43 from 101.08 at 109.... - Sep 30 13:23 GMT
GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral as consolidation from 180.70 continues. Downside of consolidation would be con... - Sep 30 07:07 GMT

Special Reports

The Week Ahead: Details about ECB's ABS Purchases Expected
Sep 29 13:49 GMT
The focus of this week is ECB meeting due Thursday and US' employment report du...
Japanese Yen May Weaken Further Should BOJ Extend Monetary Base
Sep 25 12:16 GMT
Japanese yen resumed weakness after a briefly rebound against the US dollar aft...
China To Continue To Add Stimulus Despite Finance Minister's Hawkish Comments
Sep 23 09:30 GMT
Comments that Chinese Finance Minister Lou Jiwei made at the G20 meeting damped...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9520
As the greenback has surged again in European morning after the release of CPI data, suggesting recent upmove from 0.8699 low is ... - Sep 30 13:15 GMT
Trade Idea Update: GBP/USD - Sell at 1.6285
The British pound met renewed selling interest at 1.6287 and has fallen again, adding credence to our bearishness and test of pre... - Sep 30 13:13 GMT
Trade Idea Update: EUR/USD - Sell at 1.2650
As the single currency has tumbled in European morning in part due to the release of CPI data, suggesting recent selloff is still... - Sep 30 13:09 GMT
Trade Idea Update: USD/JPY - Buy at 109.20
Current breach of yesterday's high at 109.75 confirms recent upmove has resumed and bullishness remains for further gain to 110.0... - Sep 30 13:06 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.9353 (we recommended to b... - Sep 30 07:56 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after meeting resistance at 1.652... - Sep 30 07:55 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency dropped again after meeting renewed selling interest j... - Sep 29 11:01 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Hold long entered at 138.85
Euro's near term sideways trading is expected to continue but as long as last week's low at 138.38 holds, consolidation with mild... - Sep 30 08:15 GMT
Trade Idea: AUD/USD - Sell at 0.8830
As the Australian dollar has recovered after falling to 0.8684 yesterday, suggesting minor consolidation would be seen and recove... - Sep 30 08:09 GMT
Trade Idea: EUR/GBP - Sell at 0.7885
Last week's breach of previous support at 0.7810 confirms recent decline has resumed and although price has recovered from 0.7785... - Sep 29 14:39 GMT
Trade Idea: USD/CAD - Buy at 1.1055
As the greenback has surged after last week's breach of previous resistance at 1.1099, adding credence to our bullish view for re... - Sep 29 14:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound has retreated after meeting resistance at ... - Sep 30 09:06 GMT
GBP/JPY Elliott Wave Analysis
Sterling found renewed buying interest at 169.35 and has rallied abov... - Sep 30 09:00 GMT
USD/JPY Elliott Wave Analysis
As the greenback has continued to edge higher on dollar's broad-based... - Sep 29 11:32 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Sep 30 13:40 GMT

Action Bias

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

Surging US Dollar Pushes Gold to Lowest Levels of 2014
Sep 30 12:54 GMT, by MarketPulse
Gold remains under pressure on Tuesday, as the metal continues to lose ground to the strong US dollar. In the European session, the spot price stands at $1207.40 per ounce. On the release front, toda...
EUR/USD - Euro Tumbles on Weak CPI Data
Sep 30 12:53 GMT, by MarketPulse
EUR/USD is trading in the high 1.27 range, its lowest level since September 2012. The euro sagged after the release of Eurozone CPI, which dipped 0.3% in September. German news was mixed, as Retail S...
Euro Core Inflation Surprises to the Downside
Sep 30 12:10 GMT, by Danske Bank
The euro flash CPI came out as expected at 0.3% y/y in September, down from 0.4% y/y. The unrounded number was 0.2549% - so very close to a 0.2% print. The upside risk from the German inflation data ...
ECB Preview: Draghi Will Reveal Details on ABS and Covered Bond Programmes
Sep 30 12:08 GMT, by Danske Bank
As it turned out, the Fed hung on to its forward guidance of "considerable time" in the statement but the projections turned markedly higher, giving the Fed meeting another hawkish turn as expected. ...
EUR Loses Foothold on the Crosses
Sep 30 11:54 GMT, by MarketPulse
The 18-member single unit has managed to fall to a fresh two-year low outright this morning, briefly penetrating the psychological €1.26 handle (€1.2595), just as capital market-bid farewel...
Market Watches Hong Kong As Hang Seng Slips To 3-Month Low
Sep 30 10:23 GMT, by ForexTime
Despite key economic data being released from the EU and UK moments ago, Hong Kong remains in the spotlight on Tuesday with the Hang Seng stock index now slipping to a three-month low. Tuesday repres...
All Daily Fundamental Reports >>

Technical Analysis Reports

NZDJPY: Long-Term Chart Suggests Major Top Has Formed
Sep 30 12:50 GMT, by Forex.com
King Dollar remains on his throne for another day as all the other peasant currencies continue to battle for second place. While the dollar remains the strongest trend in the market, some traders are...
Has EUR/AUD Resumed Downward Tend?
Sep 30 12:03 GMT, by Forex.com
The euro has been dealt another blow today after the release of some mixed bag Eurozone data. Though the numbers overall were not particularly bad - in fact there was some welcoming news from German ...
Important Major Currency Pairs Technical Update
Sep 30 12:01 GMT, by Admiral Markets
Following the release of Euro-zone flash CPI reading the pair dropped sharply, breaking below 1.2600 mark, to hit a fresh 2-year low. The pair, however, seems to find some support near 1.2600-1.2580 ...
Forex Technical Analysis
Sep 30 10:21 GMT, by DeltaStock Inc.
After the recent peak at 1.2715 the overall downtrend has been renewed , currently targeting 1.2540, en route to 1.2440. Resistance on the upside is projected at 1.2715, followed by 1.2760.
Technical Analysis for Major Currencies
Sep 30 09:32 GMT, by ICN.com
The pair witnessed volatility yesterday and an attempt to move to the upside, but this attempt remained limited below the previous bottom 1.2744. Trading below 1.2744 strengthens the negative possibi...
Today's Market Outlook
Sep 30 08:59 GMT, by Windsor Brokers Ltd
The Euro trades above fresh low at 1.2662, posted yesterday, entering consolidative phase, which was signaled by yesterday’s Doji candle and close above 1.2660, Nov 2012 low. Falling hourly 55SMA lim...
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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