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Dec 22 11:17 GMT

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Daily Report: Markets Started Quietly in Holiday Mood
Dec 22 06:08 GMT, by ActionForex.com
Markets are relatively quiet as a holiday shortened week starts. Asian equities are general higher but Nikkei fluctuates between gain and loss. WTI crude oil also recovers but is held below last week's high of 58.98 so far. Gold still lacks the follow through buying to sustain above 1200 handle. In the currency markets, dollar is generally lower t...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains mildly on the upside for retesting 189.70. Break there is needed to confirm rally resu... - Dec 22 08:06 GMT
EUR/JPY Daily Outlook
With 148.23 minor resistance intact, correction from 149.76 is expected to extend lower. At this point, we'd expect str... - Dec 22 08:04 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for consolidations below 1.5331 temporary top. As long as 1.4704 resistance tu... - Dec 22 08:01 GMT
EUR/GBP Daily Outlook
Deeper fall could still be seen in EUR/GBP towards 0.7766 support. But near term outlook stays neutral for the moment. ... - Dec 22 07:58 GMT

Special Reports

SNB Surprisingly Introduces Negative Rates To Defend EURCHF Floor
Dec 19 04:01 GMT
The SNB surprisingly announced to cut interest rate to -0.25% on sight deposit ...
Fed Replaced 'Considerable Time' Language With Patience In Normalization
Dec 18 04:04 GMT
Fed members removed the 'considerable time' language in the December FOMC state...
BOE: Sharp Fall In Oil Prices Supportive Of Economy. Benign Inflation Signaled Rate Hike Not The Time Yet
Dec 17 11:08 GMT
The BOE minutes for the December meeting showed that the members had detailed d...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day selloff to 0.9553, as the greenback found support there and has recovered, suggesting consolidation above this ... - Dec 16 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Cable's rally from 1.5602 turned out to be much stronger than expected and the intra-day breach of resistance at 1.5747-57 signal... - Dec 16 16:00 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has eased after intra-day rise to 1.2570, suggesting consolidation would be seen and pullback to the Kijun... - Dec 16 15:57 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has recovered after intra-day selloff to 115.57, suggesting minor consolidation would be seen and recovery to th... - Dec 16 15:54 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound rebounded after falling to fresh 2014 low of 1.... - Dec 16 06:38 GMT
USD/CHF Candlesticks and Ichimoku Analysis
As the greenback has retreated again after brief rise to 0.9818 early last... - Dec 16 06:21 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded after falling to 1.2247, as long as... - Dec 15 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite intra-day brief rise to 0.8007, lack of follow through buying and current retreat suggest an intra-day top has possibly b... - Dec 16 14:34 GMT
Trade Idea: USD/CAD - Buy at 1.1520
As the greenback has eased after rising to 1.1674, suggesting minor consolidation would be seen and pullback to 1.1550 cannot be ... - Dec 16 14:26 GMT
Trade Idea: EUR/JPY - Sell at 146.70
As euro's decline has gathered momentum, adding credence to our view that top has been formed at 149.79 (tentatively wave v peak)... - Dec 16 09:12 GMT
Trade Idea: AUD/USD - Stand aside
Although the Australian dollar has remained under pressure and near term downside risk remains for recent decline to extend margi... - Dec 16 09:01 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
As the British pound recovered after falling marginally to 1.5541 las... - Dec 16 08:18 GMT
USD/CHF Elliott Wave Analysis
Although the greenback rose marginally to 0.9818 last week, as dollar... - Dec 16 08:09 GMT
USD/JPY Elliott Wave Analysis
Although the greenback rose to as high as 121.85, the subsequent retr... - Dec 15 11:28 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Dec 22 11:10 GMT

Action Bias

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

European Market Update: Confidence Finds Some Footing As Oil Prices Try To Stabilize
Dec 22 11:07 GMT, by Trade The News
The EUR/USD fell to its lowest level since Aug 2012 at 1.2220 before consolidation. The continued hope for full-blown ECB QE continued to push bond yields lower. Spanish 10-year yield posted a new re...
USD On Back-Foot & Saudi Arabia Won’t Cut Oil Output
Dec 22 09:24 GMT, by Swissquote Bank SA
Forex price action was subdued in the Asian session as equity markets rallied and USD was broadly sold-off. However, prior to the negative USD sentiment the EURUSD touch a new two-year low at 1.2220 ...
FX Market Analysis
Dec 22 09:23 GMT, by Investica
The Euro initially found support close to the 1.2250 area on Friday and rallied into the New York session. There was a very substantial option expiry at the 1.23 level which tended to support the spo...
FOMC Clarity Ensures USD Demand Remains Intact
Dec 22 08:40 GMT, by ForexTime
After the Federal Reserve calmed down investor sentiment by reassuring traders it still has every intention to begin raising interest US interest rates next year, it was no real surprise the USD conc...
Asian Market Update: South Korea Cuts Growth And Inflation Forecasts, OPEC Leaders Stand Firm On Output Volume
Dec 22 06:56 GMT, by Trade The News
South Korea Finance Ministry cut its 2014 GDP forecast to 3.4% from 3.7%, 2015 GDP to 3.8% from 4.0%, and 2015 CPI target from 2.3% to 2.0%. Finance Minister Choi and President Park added South Korea...
EUR/USD: Euro Trading Higher Ahead Of The Euro-Zone's Consumer Confidence Data
Dec 22 06:24 GMT, by GCI Financial
The pair is expected to find support at 1.2209, and a fall through could take it to the next support level of 1.2173. The pair is expected to find its first resistance at 1.2292, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Dec 22 09:31 GMT, by Windsor Brokers Ltd
The Euro remains bearish and commences fresh phase lower, after completion of 1.2244/1.2568 correction, posting new lows at 1.2218. Last Friday’s close in red and below previous low, confirms bearish...
Forex Technical Analysis
Dec 22 09:28 GMT, by DeltaStock Inc.
The pair broke the 1.2246 support and is currently trading below this level. Both short and long term chart frames signal a negative mood and probable test of the major 1.2133 support level.
Daily FX Report
Dec 22 06:50 GMT, by Varengold Bank
Last Friday the Dow Jones index of shares climbed 0.1 percent and the Standard & Poor's index even rose 0.5 percent. Yesterday Saudi Arabia said that it would not cut output to prop up oil market...
Daily Technical Analysis
Dec 22 05:54 GMT, by FX Instructor
The EURUSD had a bearish momentum last week bottomed at 1.2218. The bias remains bearish in nearest term testing 1.2100 region. Immediate resistance is seen around 1.2250. A clear break above that ar...
Foreign Exchange Market Commentary
Dec 22 04:46 GMT, by HY Markets
THE EURO closed lower on Friday as it renewed this year's decline. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI ...
Market Morning Briefing
Dec 22 03:42 GMT, by Kshitij Consultancy Services
Euro (1.2245) ends the year 2014 near its lowest point. The Yearly, Quarterly, Monthly and even Weekly candles will all become bearish on the close. Euro has managed to gain some support at 200-month...
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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