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May 20 05:12 GMT

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Weekly Review and Outlook: The Trends Continued. Dollar, Stocks, Yield Rose
May 18 13:11 GMT, by ActionForex.com
While there were some brief setback over the week, the trend in the financial markets were unchanged. Up trend in US equities continued with DOW making another record close at 15354.4 while S&P 500 also had another record lose at 1667.47. FTSE 100 made another five year high at 6723.06 while DAX also closed at another record high of 8389. Nikk...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for the moment and fall from 1.3242 is still in progress for 1.2746 su... - May 20 05:11 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for the moment. As noted before, corrective rebound from 1.4830 has co... - May 20 05:09 GMT
USD/CHF Daily Outlook
Further rise is still expected with 0.9578 minor support intact. Sustained trading above 100% projection of 0.9021 to 0... - May 20 05:07 GMT
USD/JPY Daily Outlook
USD/JPY loses some momentum and dips sharply today and further rise is still in favor with 101.82 minor support intact.... - May 20 05:04 GMT

Special Reports

BOE Stands on the Sideline, Awaiting Carney
May 09 13:20 GMT
The BOE refrained from adding further stimulus at the May meeting, i.e. leaving...
RBA Cut Rate To Record Low
May 07 05:49 GMT
The RBA cut the cash rate by -25 bps to 2.75% in May citing that domestic growt...
ECB Cuts Policy Rate to 0.5%, Hints for Negative Deposit Rate
May 02 16:59 GMT
The ECB cut the main refinancing rate by -25 bps to 0.5% in May, in response to...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although current anticipated rally and the breach of this week's high of 0.9748 signal recent upmove has resumed and further gain... - May 17 15:35 GMT
Trade Idea Wrap-up: GBP/USD - Look to sell higher
Although cable has resumed recent decline after meeting resistance at 1.5323 yesterday, loss of downward momentum should prevent ... - May 17 15:29 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although the single currency has resumed recent decline after meeting resistance around the Kijun-Sen and near term downside risk... - May 17 15:22 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although current break of this week's high of 102.77 signals recent upmove has finally resumed and further gain towards 103.45-50... - May 17 15:18 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
This week's resumption of recent upmove to 132.78 adds credence to our bul... - May 17 10:00 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the rebound from 1.0014 turned out to be stronger than expected and the... - May 17 09:47 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Despite this week's brief bounce to 0.8516, as the single currency met ren... - May 16 09:40 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.8465
Euro's retreat after this week's brief rebound to 0.8516 suggests top is possibly formed there and consolidation with downside bi... - May 17 14:50 GMT
Trade Idea: USD/CAD - Target met and buy again at 1.0230
Current anticipated rally (our long position entered at 1.0100 met target at 1.0250 with 150 points profit) adds credence to our ... - May 17 14:47 GMT
Trade Idea: EUR/JPY - Buy at 130.45
Euro's near term sideways trading is likely to continue and as long as resistance at 132.78 (this week's high) holds, risk of ano... - May 17 09:16 GMT
Trade Idea: AUD/USD – Sell at 0.9880
As aussie has remained under pressure, suggesting recent decline is still in progress and weakness 0.9700 and possibly towards pr... - May 17 09:12 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency has maintained a firm undertone this week after r... - May 17 11:05 GMT
USD/CHF Elliott Wave Analysis
The greenback surged as suggested in our previous update, adding cred... - May 17 10:57 GMT
EUR/GBP Elliott Wave Analysis
As the single currency has retreated after this week's brief bounce t... - May 16 10:45 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 20 06:05 GMT

Action Bias

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

Fundamental Analysis Reports

Asian Market Update
May 20 04:58 GMT, by Trade The News
In Japan, Economic Minister Amari briefly spooked the yen shorts at the open, suggesting that excessive gains have already been corrected by a large amount and any further weakness could actually bec...
Home Price Gains In China Adding Challenge For Li
May 20 02:40 GMT, by ICN.com
Chinese home prices inclined in 68 of 70 cities last month, which added challenges for Chinese Prime Minister Li Keqiang to add measures to cool the property market and prices even as economic growth...
Forex Exchange Morning Report
May 20 02:12 GMT, by Westpac Institutional Bank
The US dollar index rose around 0.8% to a three-year high. EUR fell from 1.2890 to 1.2797. USD/JPY rose from 102.28 to 103.31 – a five-year high. AUD slightly exptnded the earlier decline to 0.9711 –...
Aussie And Gold Searching For Bottom
May 20 02:08 GMT, by Vantage FX
As long as structural debt and demographic problems remain untackled, I doubt the industrialized world will get back on the growth track of previous decades. Regarding our debt problem, every borrowe...
Waiting For The Dollar Correction
May 20 01:56 GMT, by Investica
Patience will be required this week before jumping on the bullish dollar bandwagon. The timing of this week's economic diary is very important and will have a clearly-defined market impact. The dolla...
Weekly Economic and Financial Commentary
May 18 14:29 GMT, by Wells Fargo Securities
From the data released this week that covered a range of sectors, we had hoped to gain a clear idea of what lays ahead. However, we are left wondering just how these spring months will shape up. T...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex and Dow Jones Recommended Levels
May 20 04:48 GMT, by FXtechtrade
EUR/USD Today's support: - 1.2780(main), where correction is possible. Break would give 1.2757, where correction also may be. Then follows 1.2736. Break of the latter would result in 1.2709. If a str...
EUR/USD Renews Downtrend, Reaching 1.28
May 20 04:29 GMT, by ZIFX.com
On Friday Euro/Dollar decreased with 90 pips. The European currency appreciated from 1.2889 to 1.2795 on Friday, matching the negative money flow sentiment at bellow -18%, closing the week at 1.2836....
Market Morning Briefing
May 20 03:36 GMT, by Kshitij Consultancy Services
The Euro (1.2838) has broken below the supports around 1.2850. Fall in the Germany-USA 10-Yr spread may see the Euro move down to 1.28 in coming days. Dollar-Swiss (0.9698) has moved back below the 2...
The Daily Wave Analysis
May 20 02:25 GMT, by Admiral Markets
Presumably, the Impulse (v) of [c] of 2 is forming . If this assumption is correct, in the course of the formation development we can expect an upward price movement.
Daily Forex Update: NZD/USD
May 20 02:25 GMT, by Autochartist
NZD/USD recently broke down below the target level 0.8155 that was set for this pair in the following trade opportunity alert that we covered last Monday. After this alert was generated by Autocharti...
EURUSD: More Downside?
May 20 02:14 GMT, by Forex.com
EURUSD may be in the midst of a bearish ascending triangle formation in the short-term. This suggests we may see some downside price in action in this pair in coming sessions. However, if price actio...
All Daily Technical Reports >>

Analysis Report Search

Central Bank Analysis
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Long Term Forecasts

Is the U.K. Economy (Finally) Turning the Corner?
Apr 29 15:48 GMT, by Wells Fargo Securities
Recently released data show that real GDP in the United Kingdom grew 0.3 percent (1.2 percent at an...
Easy Money: Japan's Policy Gamble
Apr 13 04:00 GMT, by Wells Fargo Securities
This report focuses on Japan and considers the domestic implications of the bold fiscal and monetar...
A Bird's Eye View of the Global Economy
Mar 19 16:25 GMT, by TD Bank Financial Group
The global economy grew by an estimated 2.9% in 2012. The euro zone double dip recession, a softer ...
FX Top Trades 2013: How to Position for the Coming Year
Dec 05 14:55 GMT, by Danske Bank
For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2...
Implications for UK & Canada from the Appointment of Mark Carney as BoE Governor
Nov 27 11:51 GMT, by TD Bank Financial Group
Chancellor Osborne announced today that Mark Carney, currently the Governor of the Bank of Canada, ...
All Long Term Forecasts >>
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