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Apr 16 18:56 GMT

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US Session: Orders and Options Watch
Apr 16 14:12 GMT, by ActionForex.com
GBP: The British pound rallied in London, offers at 1.6785-00 area were filled but sell orders in good size are still noted at 1.6820-25 (stops above 1.6830), 1.6840-50 and 1.6875, mixture of offers and stops is tipped at 1.6900. On the downside, bids are raised to 1.6760-70, 1.6715-25 and 1.6700, indicated decent demand remains at 1.6685-90 and 1...

Technical Outlook

EUR/GBP Mid-Day Outlook
The sharp decline today suggests that fall from 0.8399 is possibly resuming. Intraday bias is mildly on the downside fo... - Apr 16 13:14 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR?USD stays neutral as the consolidation from 1.3905 temporary top continues. We'd holding on to the... - Apr 16 13:05 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral as consolidation from 0.8742 continues. Upside of the recovery is expected to ... - Apr 16 12:59 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains mildly on the upside as the recovery from 101.32 could extend higher to 55 days EMA (n... - Apr 16 12:56 GMT

Special Reports

RBA Minutes Maintains Neutral Policy Stance
Apr 15 05:25 GMT
The RBA minutes for the April meeting echoed the neutral stance of policymakers...
Headline Chinese Trade Data Distorted by Over-Invoicing Last Year
Apr 10 12:17 GMT
Chinese trade data surprised to the downside as exports surprisingly contracted...
Fed Downplayed Rate Hike Possibility, Diverged On Interpretation of Employment Market Slacks
Apr 10 05:02 GMT
The FOMC minutes for the March meeting reinforced the Fed's dovish view over th...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 0.8845
Despite intra-day retreat to 0.8781, as the greenback has rebounded again after finding support just above the lower Kumo, reta... - Apr 16 15:43 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although the British pound has maintained a firm undertone after intra-day rally and the rise from 1.6660 is likely to bring a ... - Apr 16 15:38 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.3760
Despite intra-day rebound to 1.3851, as the single currency has retreated after meeting resistance around the upper Kumo, retai... - Apr 16 15:23 GMT
Trade Idea Wrap-up: USD/JPY - Hold long entered at 101.65
Dollar's rebound after finding renewed buying interest at 101.50 yesterday has retained our bullishness and upside bias remains... - Apr 16 15:18 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi did find renewed buying interest at 0.8514 earlier this mo... - Apr 16 07:20 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie extended recent upmove to 0.9461 last week, the quick re... - Apr 16 07:17 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did rally last week in line with our bullish ex... - Apr 15 06:21 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Current break of previous support at 0.8231 dampened our near term bullishness and downside risk remains for the fall from 0.84... - Apr 16 15:04 GMT
Trade Idea: USD/CAD - Hold long entered at 1.0890
As long as indicated support at 1.0942 holds, near term bullishness remains for the rise from 1.0858 low to bring at least a re... - Apr 16 15:00 GMT
Trade Idea: EUR/JPY - Sell at 142.20
Despite yesterday's brief fall to 140.23, as the single currency has rebounded after holding above support at 140.08, retaining... - Apr 16 09:01 GMT
Trade Idea: AUD/USD - Buy at 0.9260
Aussie's retreat from 0.9461 (last week's high) has retained our view that further consolidation below this level would be seen... - Apr 16 08:48 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Despite last week's rise to 0.9461, as aussie has retreated this we... - Apr 16 09:37 GMT
EUR/CAD Elliott Wave Analysis
As the single currency has rebounded after holding above psychologi... - Apr 16 09:30 GMT
GBP/USD Elliott Wave Analysis
Despite rising to 1.6820 last week, as the British pound has retreate... - Apr 15 08:58 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Apr 16 18:50 GMT

Action Bias

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

Fundamental Analysis Reports

Bank of Canada Holds Overnight Rate at 1.00%; Core Inflation to Remain Contained
Apr 16 16:17 GMT, by RBC Financial Group
The Bank of Canada met expectations today by holding the policy rate at 1.0% and maintaining a neutral policy bias. The statement highlighted the Bank's expectation that the core inflation will remai...
Nothing Untoward From The BoC
Apr 16 15:59 GMT, by MarketPulse
The Bank of Canada did what was expected of them - absolutely nothing. Today they held firm, and maintained their overnight rate at +1%, their corresponding bank rate at +1.25% and the deposit rate a...
The Bank of Canada Tweaks Forecast, But Rate Hikes are No Closer
Apr 16 15:58 GMT, by TD Bank Financial Group
As was universally expected, the Bank of Canada held firm on its overnight rate, keeping it at 1.00%. More importantly, the Bank also left the balance of risks to the outlook unchanged from its Febru...
Time for the Bank of England to Take Notice of UK Economic Strength?
Apr 16 13:27 GMT, by Forex.com
The UK labour market has shown its mettle yet again, after cooling off a little in recent months, the UK is once again creating jobs at a rapid clip. Comparing the three months to February with the p...
EUR: Deflation Still A Non-Issue?
Apr 16 12:23 GMT, by MarketPulse
It's business as usual until the markets tell us otherwise. Ukraine remains in the background and has so far been unable to derail any euro economic objectives, but cracks are beginning to appear and...
European Shares Rise Ahead Of US Housing And Industrial Data
Apr 16 11:14 GMT, by ICN.com
European shares rose on Wednesday midday trading, rebounding from three-week low, ahead of the release of important U.S. data which is likely to give further clues about the health of the world’s big...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD - On The Offensive, Closes In On The 1.6819/22 Levels
Apr 16 11:48 GMT, by FXTechstrategy
GBPUSD - With GBP recovering higher and threatening the 1.3819/22 levels, further strength is envisaged. The pair needs to decisively break and hold above here to trigger further bullish offensive to...
GOLD And USDCAD Intraday: Elliott Wave Analysis
Apr 16 09:58 GMT, by Elliott Wave Financial Service
USDCAD moved to a new swing high yesterday but bullish price was not there for long. Price moved slightly down in the last two sessions, also through the support line from 1.0855 so we think that mar...
Forex Technical Analysis
Apr 16 09:47 GMT, by DeltaStock Inc.
The recent low at 1.3788 was practically a test of the key support around 1.3780 and the outlook is already bullish, for a rise towards 1.3904, en route to 1.3960. Initial minor resistance lies at 1....
Dollar/Yen Up On Japan Pensions Fund Action
Apr 16 09:42 GMT, by ZIFX.com
On Tuesday Dollar/Yen traded within 50 pip range. The currency couple depreciated from 102.00 to 101.49 yesterday, matching the negative money flow sentiment at under -11%, closing the day at 101.89....
Today's Market Outlook
Apr 16 09:38 GMT, by Windsor Brokers Ltd
The Euro trades in a corrective mode off fresh low at 1.3789, where strong support, 50% retracement of 1.3671/1.3904 / broken bear-trendline off 1.3965 peak, contained reversal off 1.3965 for now. Co...
Technical Analysis for Major Currencies
Apr 16 09:31 GMT, by ICN.com
The European trading session started today with stability above the minor support 1.3800 after approaching yesterday the key support level represented in 38.2% correction, as stabilizing above the re...
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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