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Oct 20 08:04 GMT

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Daily Report: Yen Lower as Nikkei Boosted by GPIF News
Oct 20 02:38 GMT, by ActionForex.com
Yen opens the week generally lower following rebound in Asian equities. In particular, Japanese Nikkei is up over 3% and reclaimed 15000 handle as additional boosted by news regarding the Government Pension Investment Fund, or GPIF. It's reported that the $1.2T GPIF will raise the allocation target for local equities from 12% as much as 25%. Meanw...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium ter... - Oct 20 03:35 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Prior break of 135.50 support was taken as an indication of me... - Oct 20 03:29 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment and some consolidations could be seen. At this point, we're fav... - Oct 20 03:23 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD is neutral for the moment. With 1.4441 minor support intact, further rise is still expected in... - Oct 20 03:20 GMT

Special Reports

Fed's Beige Book Described US Growth As 'Modest to Moderate'
Oct 16 05:38 GMT
The Beige Book prepared by the Minneapolis Fed, covering the period before Octo...
Weakness In Inflation Should Prompt PBOC To Add Stimulus
Oct 15 07:43 GMT
Headline CPI in China decelerated to +1.6% y/y in September from +2% in the pri...
September Minutes: Members Argued About 'Considerable Time' Reference
Oct 09 03:34 GMT
The FOMC minutes for the September meeting unveiled little news about the centr...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Sell at 0.9475
Although the greenback tumbled to 0.9360 last week, the subsequent rebound suggests initial choppy trading would be seen, however... - Oct 20 07:49 GMT
Trade Idea: GBP/USD - Buy at 1.6000
Although the British pound fell marginally to 1.5865 late last week, the subsequent strong rebound suggests a temporary has been ... - Oct 20 07:38 GMT
Trade Idea: EUR/USD - Stand aside
Although the single currency staged a much stronger-than-expected rebound late last week to 1.2887, the subsequent retreat to 1.2... - Oct 20 07:28 GMT
Trade Idea: USD/JPY - Buy at 106.55
Although the greenback resumed recent decline to dropped to as low as 105.20, the subsequent rebound suggest low has possibly bee... - Oct 20 07:17 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did rebound to 1.6227 (just missed our target a... - Oct 14 08:11 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Last week's retreat to 0.9469 adds credence to our view that a temporary t... - Oct 14 08:08 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Despite rebounding to 109.90 early last week, the subsequent retreat after... - Oct 13 08:40 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7860
As euro's rebound from 0.7766 has gathered momentum and broke above indicated level of 0.7915, adding credence to our view that t... - Oct 14 14:41 GMT
Trade Idea: USD/CAD - Buy at 1.1100
The strong rebound after finding renewed buying interest at 1.1082 suggests the pullback from 1.1270 (this month's high) has poss... - Oct 14 14:35 GMT
Trade Idea: EUR/JPY - Sell at 136.90
As the single currency has fallen again after brief recovery, suggesting recent decline is still in progress and may extend furth... - Oct 14 09:30 GMT
Trade Idea: AUD/USD - Hold short entered at 0.8800
Despite staging a rebound from this week's low of 0.8652, as the Australian dollar met renewed selling interest at 0.8812 and has... - Oct 14 09:25 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Despite recovering to 1.6227 last week, as the British pound met rene... - Oct 14 10:46 GMT
GBP/JPY Elliott Wave Analysis
Despite resuming recent upmove to 180.70, the subsequent reversal sug... - Oct 14 10:38 GMT
USD/JPY Elliott Wave Analysis
Despite last week's initial firmness, as the greenback has retreated ... - Oct 13 10:01 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Oct 20 07:55 GMT

Action Bias

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

Fundamental Analysis Reports

UK Economy Could Be Undermined By Premature Rate Hikes
Oct 20 08:01 GMT, by Dukascopy Swiss FX Group
Britain's economic recovery might be jeopardized by a premature decision to raise interest rates, Andrew Haldane, the Bank of England's chief economist said, providing the strongest signal yet that t...
Canada's Inflation Slows To 2% In September, BoC Is Likely To Keep Rates On Hold
Oct 20 08:00 GMT, by Dukascopy Swiss FX Group
Canada's annual rate of inflation fell in September, bringing the pace of price increases in line with the Bank of Canada's goal and ensuring policy makers' benchmark lending rate will remain on hold...
RBNZ Changes TWI Methodology, Kiwi Falls After Central Bank's Mistake
Oct 20 07:59 GMT, by Dukascopy Swiss FX Group
The Reserve Bank of New Zealand is changing how it calculates the Trade-Weighted Index, by broadening the currency basket it uses to calculate the value of the Kiwi dollar, to better reflect the nati...
Blow Of Disinflation Winds Intensifies
Oct 20 07:55 GMT, by Dukascopy Swiss FX Group
The streak of negative news from the Euro zone seems never ending. Last week the European statistics agency Eurostat confirmed that the inflation rate in the Euro zone slipped in September to the low...
Dollar Recovery Remains Disappointing
Oct 20 07:02 GMT, by KBC Bank
The return of risk-on couldn’t give the dollar strong momentum, even as it gained some ground. Against the euro, the past loss of interest rate support still prevents a stronger dollar recovery. Doll...
Gold Set For A Swing Lower
Oct 20 05:57 GMT, by Blackwell Global
Gold surprised markets recently as it managed to claw back up the charts before hitting strong resistance in the market place. This was in part led by the recent volatility, which has occurred in the...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD To Trade Beneath 1.29
Oct 20 07:14 GMT, by Dukascopy Swiss FX Group
Although there is an immediate resistance level at 1.2786, represented by the monthly pivot point, the supply between 1.29 and 1.2850 is more likely to act as a ceiling this week. If the price approa...
GBP/USD To Respect Resistance At 1.61
Oct 20 07:13 GMT, by Dukascopy Swiss FX Group
The Cable keeps trading right beneath the four-month down-trend, meaning the downside risks are currently elevated. The base case scenario is GBP/USD confirming the resistance at 1.61 and thus termin...
USD/JPY Extends Recovery From 50% Fibo
Oct 20 07:11 GMT, by Dukascopy Swiss FX Group
Not only did the demand between 106 and 105.50 refuse to let USD/JPY to retreat more, but it also initiated a rally that resulted in a breach of an important resistance at 106.70. Now, being that the...
USD/CHF Closes Above 0.9450
Oct 20 07:10 GMT, by Dukascopy Swiss FX Group
The first half of October was marked with poor performance of the US Dollar against the Franc, but now the currency pair managed to settle above 0.9450—a positive sign for the bulls. And even though ...
Daily FX Report
Oct 20 05:45 GMT, by Varengold Bank
Last Friday the Dow Jones Index of shares climbed 1.6 percent and the Standard & Poor's Index rose 1.3 percent. The ECB is going to take over as supervisor for the euro region's top bank on Novem...
Foreign Exchange Market Commentary
Oct 20 04:45 GMT, by HY Markets
THE EURO closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling ...
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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