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Oct 23 19:52 GMT

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US Session: Orders and Options Watch
Oct 23 14:29 GMT, by ActionForex.com
EUR: Despite intra-day recovery, sell orders are still noted at 1.2680-85, 1.2700 and 1.2725-30, more selling interest is expected at 1.2740-50, 1.2770 and 1.2785-90, mixture of offers and stops is located at 1.2800. On the downside, bids are now seen at 1.2620-30 and 1.2600-10, more buy orders are tipped at 1.2565 and 1.2550.

Technical Outlook

EUR/USD Mid-Day Outlook
Despite breaching 1.2624 minor support, EUR/USD quickly recovered and intraday bias stays neutral first. Firm break of ... - Oct 23 12:57 GMT
GBP/USD Mid-Day 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 12:54 GMT
USD/CHF Mid-Day Outlook
USD/CHF is still being held by 0.9561 minor resistance and intraday bias remains neutral. Price actions from 0.9688 is ... - Oct 23 12:52 GMT
USD/JPY Mid-Day Outlook
USD/JPY's rebound from 105.19 extended higher today and the break of 107.49 minor resistance suggests that fall from 11... - Oct 23 12:43 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 0.9470
As the greenback retreated after intra-day initial brief rise to 0.9559, suggesting minor consolidation below resistance area at ... - Oct 23 15:56 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although the British pound fell briefly to 1.5995 (just held above 61.8% Fibonacci retracement of 1.5875-1.6184 at 1.5993), lack ... - Oct 23 15:51 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.2730
As the single currency has rebounded after intra-day initial brief fall to 1.2614, suggesting consolidation above this level woul... - Oct 23 15:49 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 107.50
As dollar's rise has gathered momentum after breaking resistance at 107.50, adding credence to our view that recent decline from ... - Oct 23 15:43 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP - Candlesticks and Ichimoku Analysis
Although euro's stronger-than-expected rebound to 0.8047 (this month's hig... - Oct 23 09:28 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
Euro's retreat after meeting renewed selling interest at 1.2140 has retain... - Oct 23 09:15 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi has recovered after early selloff to 0.7709 and further cons... - Oct 22 09:45 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7970
Although euro recovered after intra-day marginal fall to 0.7871 and consolidation with mild upside bias is seen for recovery to 0... - Oct 23 15:08 GMT
Trade Idea: USD/CAD - Buy at 1.1100
As the greenback continued to meet resistance around 1.1296, retaining our view that further consolidation below resistance at 1.... - Oct 23 15:01 GMT
Trade Idea: EUR/JPY - Buy at 135.95
Although the single currency fell briefly to 135.21 earlier today, as euro found renewed buying interest there and has rebounded ... - Oct 23 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.8845
Aussie has remained locked within recent established range and although initial recovery to 0.8835-45 cannot be ruled out, reckon... - Oct 23 08:45 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
The single currency only eased to 0.7850 before finding renewed buyin... - Oct 23 10:12 GMT
USD/CAD Elliott Wave Analysis
The greenback rose again after brief pullback and indicated previous ... - Oct 23 10:07 GMT
EUR/CAD Elliott Wave Analysis
Although euro's rebound from 1.4012 turned out to be stronger-than-ex... - Oct 22 11:01 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 23 19:45 GMT

Action Bias

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

Fundamental Analysis Reports

USD/JPY - Dollar Rally Continues as Greenback Shrugs Off Weak Jobless Claims
Oct 23 13:52 GMT, by MarketPulse
The US dollar has posted gains on Thursday, as USD/JPY trades in the high-107-range in the European session. The dollar has resumed its winning ways, gaining close to 200 points in the past week agai...
US Initial Jobless Claims Rose in the Week Ending October 18
Oct 23 13:05 GMT, by RBC Financial Group
US initial claims rose by 17,000 to 283,000 in the week ending October 18, 2014, only partially retracing a 21,000 decline to 266,000 in the previous week (initially reported as 264,000). The latest ...
Global Growth Hope as Factory Output Rises
Oct 23 11:33 GMT, by MarketPulse
Investors around the globe continue to look for signs about the economic health of major economies. Preliminary factory and service output started being reported by Markit and HSBC yesterday night. ...
Euro Moves Higher After PMI Report
Oct 23 11:30 GMT, by ICN.com
The euro rose against the dollar today Thursday supported by the euro zone economic data which showed a better-than-expected positive performance. The data showed a slight uptick in business activity...
Gold Calm Ahead Of Unemployment Claims
Oct 23 11:28 GMT, by MarketPulse
Gold is calm on Thursday, as the spot price stands at $1238.67 per ounce in the European session. In the US, today's highlight is Unemployment Claims, with the markets expecting another strong readin...
EUR/USD - Euro Steady As German Manufacturing PMI Improves
Oct 23 11:03 GMT, by MarketPulse
EUR/USD has stabilized on Thursday, after recent losses which have pushed the euro below the 1.27 line. On the release front, there was good news out of Germany as Manufacturing PMI improved in Septe...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBP/USD Threatening to Break key 1.60 Handle as UK Data Disappoints
Oct 23 11:59 GMT, by Forex.com
It has been a bad day for the UK retail sector. First it was Tesco which confirmed that its first half profit had been overstated and said chairman Sir Richard Broadbent would step down. The news wei...
Forex Technical Analysis
Oct 23 09:59 GMT, by DeltaStock Inc.
Current rebound above 1.2612 low aims to correct yesterday's slide from 1.2740, before next drowning towards 1.2570. Initial minor intraday resistance lies at 1.2680, followed by the key area at 1.27...
Technical Analysis for Major Currencies
Oct 23 09:47 GMT, by ICN.com
The pair dropped yesterday and is trading below a previous bottom at 1.2661. Trading below the referred to level is negative and could trigger a new attempt to the downside towards 113% corerction at...
Technical Analysis for Crosses
Oct 23 09:47 GMT, by ICN.com
The pair is still fluctuating around 172.00 and is stable above it supporting extending the upside move today, targeting 173.65 then 175.00. A break below 172.00 pushes the pair towards 169.70 - 169....
Today's Market Outlook
Oct 23 09:33 GMT, by Windsor Brokers Ltd
The Euro resumes reversal and establishes fresh direction lower after breaking below near-term congestion. The second consecutive close in red, confirms near-term bears are back to play, as extension...
USD Index Elliott Wave Analysis: Bullish Reversal
Oct 23 09:30 GMT, by Elliott Wave Financial Service
USD Index is moving higher, now threatening the 86.10 swing after recent rally out of a downward channel. We assume that market already accomplished a corrective retracement in wave 4 and that curren...
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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