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Oct 02 14:28 GMT

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Mid-Day Report: Euro Mildly Higher as ECB Draghi Declined to Quantity Target for Asset Purchase
Oct 02 13:51 GMT, by ActionForex.com
Euro is mildly higher in early US session after ECB left policies unchanged. ECB president Mario Draghi said that the central bank will buy assets for at least two years to lift inflation and boost growth. While he said the purchase will have sizeable impact on the balance sheet, he declined to provide any specific target. He added that the risks...

Technical Outlook

GBP/USD Mid-Day Outlook
At this point, deeper fall is still expected in GBP/USD with 1.6341 minor resistance intact. Break of 1.6051 will resum... - Oct 02 14:03 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for consolidation below 0.9596. Considering bearish divergence condition in 4 ... - Oct 02 14:01 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY is mildly on the downside for the moment. A short term top should be in place at 110.08 after ... - Oct 02 14:00 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for consolidation above 1.2570 temporary low. Considering bullish convergence ... - Oct 02 13:52 GMT

Special Reports

The Week Ahead: Details about ECB's ABS Purchases Expected
Sep 29 13:49 GMT
The focus of this week is ECB meeting due Thursday and US' employment report du...
Japanese Yen May Weaken Further Should BOJ Extend Monetary Base
Sep 25 12:16 GMT
Japanese yen resumed weakness after a briefly rebound against the US dollar aft...
China To Continue To Add Stimulus Despite Finance Minister's Hawkish Comments
Sep 23 09:30 GMT
Comments that Chinese Finance Minister Lou Jiwei made at the G20 meeting damped...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9500
As dollar has slipped again after holding below indicated resistance at 0.9597 (this week's high), retaining our view that furthe... - Oct 02 13:49 GMT
Trade Idea Update: GBP/USD - Sell at 1.6250
As the British pound has remained under pressure and broke below support at 1.6162, adding credence to our view that rebound from... - Oct 02 13:45 GMT
Trade Idea Update: EUR/USD - Sell at 1.2715
Current rebound has retained our view that further consolidation would be seen and corrective bounce to 1.2697-1.2702 (38.2% Fibo... - Oct 02 13:43 GMT
Trade Idea Update: USD/JPY - Stand aside
As the greenback dropped again after this week's sharp retreat from 110.09, adding credence to ou r view that a temporary top has... - Oct 02 13:39 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP - Candlesticks and Ichimoku Analysis
As the single currency has recovered after falling to 0.7766 earlier this ... - Oct 02 09:31 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
Although the single currency recovered after holding above support at 1.20... - Oct 02 09:04 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Kiwi's decline has accelerated in the past two weeks and pscyhological sup... - Oct 01 07:32 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 138.00
The single currency has fallen again after meeting renewed selling interest at 138.80 yesterday, suggesting the a-b-c rebound fro... - Oct 02 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.8895
Despite yesterday's marginal fall to 0.8663, as the Australian dollar found support there and has rebounded since, suggesting min... - Oct 02 08:47 GMT
Trade Idea: EUR/GBP - Sell at 0.7885
Although euro has continued to trade defensively after recent selloff, suggesting bearishness remains for decline to extend furth... - Oct 01 15:26 GMT
Trade Idea: USD/CAD - Buy at 1.1095
As the greenback has retreated after intra-day rise to 1.1223, suggesting minor consolidation would be seen and pullback to 1.113... - Oct 01 15:22 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Despite falling to 0.7766 earlier this week, as the single currency h... - Oct 02 09:53 GMT
USD/CAD Elliott Wave Analysis
Despite this week's rise to 1.1223, as the greenback has retreated af... - Oct 02 09:45 GMT
EUR/CAD Elliott Wave Analysis
The single currency dropped again after meeting renewed selling inter... - Oct 01 10:47 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Oct 02 14:20 GMT

Action Bias

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

Fundamental Analysis Reports

ECB: Details of ABS and Covered Bond Purchase Programs
Oct 02 14:15 GMT, by MarketPulse
The Governing Council of the European Central Bank (ECB) today agreed key details regarding the operation of its new programs to buy simple and transparent asset-backed securities (ABSs) and a broad ...
USD/JPY - Steady as Unemployment Claims Dip
Oct 02 14:05 GMT, by MarketPulse
The Japanese yen is flirting with the 110 line on Wednesday, as the Japanese currency remains under pressure. USD/JPY is currently at its highest level since August 2008, as the dollar is showing no ...
US Initial Jobless Claims Unexpectedly Fell in the Week Ending September 27
Oct 02 13:29 GMT, by RBC Financial Group
US initial claims fell by 8,000 to 287,000 in the week ending September 27, 2014 and followed an upwardly revised 295,000 reading (was 293,000) in the previous week. The latest reading was below mark...
Gold Prices Jumpy as Markets Wait for ECB Asset Purchase Plan
Oct 02 13:22 GMT, by MarketPulse
Gold is showing movement on Thursday, as the spot price stands at $1211.28 per ounce late in the European session. On the release front, the ECB maintained the benchmark interest rate at 0.05%. The m...
Is the Dollar Vulnerable to Rising Volatility?
Oct 02 12:18 GMT, by Forex.com
The powerful uptrend in the dollar had been the key theme for the FX market in Q3, however, its performance at the start of Q4 has been fragile compared to what we have come to expect, and it may sta...
What to Expect from the ECB and Draghi?
Oct 02 11:52 GMT, by MarketPulse
As long as it moves, there is opportunity, and it's this that the forex asset class has been good for lately. The return of forex market volatility has taken the world's most coveted currency, the U....
All Daily Fundamental Reports >>

Technical Analysis Reports

FTSE Approaching Key Levels as Traders Look Forward to ECB, NFP
Oct 02 11:56 GMT, by Forex.com
The UK's FTSE and other European indices are so far relatively stable compared to yesterday when the global markets tanked during New York hours which put considerable pressure on the S&P 500 and...
Technical Analysis for Major Currencies
Oct 02 09:55 GMT, by ICN.com
We notice on the minor graph that the pair rebounded to the upside yesterday from levels around 113% correction at 1.2580, as we referred earlier to the importance of breaking the latter to confirm e...
Technical Analysis for Crosses
Oct 02 09:55 GMT, by ICN.com
The pair dropped yesterday and is currently fluctuating around 38.2% correction that forms a good support at 176.35 and protects the positive scenario suggested in our latest reports, keeping the ove...
Forex Technical Analysis
Oct 02 09:15 GMT, by DeltaStock Inc.
Current rebound above 1.2570 low comes from a higher time-frame and will aim to correct the whole slide from 1.2900. The outlook on the senior frames remains bearish and although there is an intraday...
Today's Market Outlook
Oct 02 08:56 GMT, by Windsor Brokers Ltd
The Euro remains bearish overall, with near-term consolidative phase above fresh low at 1.2569 under way. The pair failed for the second day to close below psychological 1.26 level, which, along with...
EUR/USD Finds Support At 1.26
Oct 02 07:17 GMT, by Dukascopy Swiss FX Group
Continuation of Tuesday's sell-off did not take place yesterday—the support at 1.26, represented by the weekly S1 and Bollinger band, remains intact. In case of a rally from here the currency pair wi...
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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