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Oct 23 06:39 GMT

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Daily Report: Kiwi Knocked Down by Weak CPI
Oct 23 01:13 GMT, by ActionForex.com
New Zealand dollar was knocked down in Asian session sharply by weaker than expected inflation data. CPI rose 0.3% qoq in Q3 while the annual rate slowed to 1.0% yoy, missing expectation of 1.3% yoy and compared with expectation of 1.6% yoy. That's also lower than RBNZ's expectation of 1.3% and could prolong the central bank's pause in the tighten...

Technical Outlook

USD/CAD Daily Outlook
USD/CAD's consolidation from 1.1385 is still in progress and intraday bias remains neutral. Again, near term outlook st... - Oct 23 01:45 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral as consolidation from 0.8642 continues. In case of another recovery, we'd expe... - Oct 23 01:44 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral with focus on 1.2624 minor support. Break will indicate that the correction fr... - Oct 23 01:42 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. The consolidation from 1.5876 could extend. But in any case, a... - Oct 23 01:39 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/JPY - Exit long entered at 106.40
Although the greenback has moved higher again after holding above the Ichimoku cloud top and test of indicated resistance at 107.... - Oct 22 15:58 GMT
Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has continued to move higher after breaking resistance at 0.9491 and near term upside risk is seen for gai... - Oct 22 15:53 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although cable has recovered from 1.6011, sterling's intra-day selloff signals top has been formed at 1.6184 yesterday and near t... - Oct 22 15:47 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2725
As the single currency has remained under pressure after breaking previous support at 1.2706, suggesting the fall from 1.2887 (la... - Oct 22 15:43 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has recovered after early selloff to 0.7709 and further cons... - Oct 22 09:45 GMT
AUD/USD Candlesticks and Ichimoku Analysis
The Australian dollar continued to find good support above recent low at 0... - Oct 22 09:42 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound fell again and hit a low of 1.5875 last week, t... - Oct 21 09:43 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7970
As the single currency has remained under pressure after retreating sharply from last week's high of 0.8047, retaining our view t... - Oct 22 15:18 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback has slipped again after intra-day brief bounce to 1.1294, retaining our view that further consolidation below 1.... - Oct 22 15:15 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency slipped again today and consolidation with mild downside bias remains for weakness to 135.00-10, bre... - Oct 22 09:36 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Aussie is expected to remain confined within recent established range and although recovery to 0.8835-45 cannot be ruled out, rec... - Oct 22 09:31 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Although euro's rebound from 1.4012 turned out to be stronger-than-ex... - Oct 22 11:01 GMT
AUD/USD Elliott Wave Analysis
Aussie has remained confined within near term range and further conso... - Oct 22 10:50 GMT
GBP/USD Elliott Wave Analysis
Although the British pound slipped again to as low as 1.5875 last wee... - Oct 21 10:59 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 23 06:30 GMT

Action Bias

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

Silver Consolidating Before Move
Oct 23 06:37 GMT, by Blackwell Global
In the current period silver has been going through a strong technical pattern of consolidation. This has been after a steep down trend over the previous months, where a lot of metal traders took ful...
China Flash PMI Beats Estimates As China Swap Rate Gains Again
Oct 23 06:34 GMT, by MarketPulse
China's interest-rate swaps rose for a third day as manufacturing data that beat estimates added to speculation authorities won't need to implement major stimulus. A preliminary Purchasing Managers' ...
EUR/USD: Euro Trading Lower Ahead Of The Manufacturing PMI Data From The Euro-Zone And Its Peripheries
Oct 23 05:29 GMT, by GCI Financial
The pair is expected to find support at 1.26, and a fall through could take it to the next support level of 1.2562. The pair is expected to find its first resistance at 1.2708, and a rise through cou...
GBP/USD: Interest Rate Hike Not Imminent, Indicated The BoE Minutes
Oct 23 05:28 GMT, by GCI Financial
The pair is expected to find support at 1.5994, and a fall through could take it to the next support level of 1.5942. The pair is expected to find its first resistance at 1.6115, and a rise through c...
AUD/USD: Aussie Trading On A Weaker Footing This Morning
Oct 23 05:27 GMT, by GCI Financial
The pair is expected to find support at 0.8734, and a fall through could take it to the next support level of 0.8708. The pair is expected to find its first resistance at 0.8802, and a rise through c...
USD/JPY: Japanese Yen Trading Lower In The Asian Session
Oct 23 05:26 GMT, by GCI Financial
The pair is expected to find support at 106.92, and a fall through could take it to the next support level of 106.55. The pair is expected to find its first resistance at 107.52, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Oct 23 06:33 GMT, by Varengold Bank
Yesterday the Dow Jones Index of shares dropped 0.9 percent and the Standard & Poor’s Index fell 0.7 percent. On Wednesday data showed that applications for U.S. home mortgages increased last wee...
Daily Technical Analysis
Oct 23 05:37 GMT, by FX Instructor
The EURUSD continued its bearish momentum yesterday, broke below the bullish channel as you can see on my hourly chart below. The bias remains bearish in nearest term testing 1.2580 – 1.2500 area. Im...
AUDNZD Is Looking Strong
Oct 23 05:09 GMT, by Forex.com
AUDNZD has been on a rampage since bouncing off a key support zone around 1.1000. The technical outlook has begun lining up for a potential push higher and the fundamentals also appear to be behind t...
Foreign Exchange Market Commentary
Oct 23 04:24 GMT, by HY Markets
THE EURO closed lower on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signal...
AUD/USD – Remains Steady Below Resistance At 0.88
Oct 23 02:59 GMT, by MarketPulse
During the last few weeks the Australian dollar has done well to stop the bleeding and trade within a wide range roughly between 0.8650 and 0.88. Prior to that it had experienced a sharp decline thro...
Australia 200 – Eases Away In Reaching For Key 5400 Level
Oct 23 02:57 GMT, by MarketPulse
Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading rang...
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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