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Apr 28 10:18 GMT

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European Session: Orders and Options Watch
Apr 28 09:56 GMT, by ActionForex.com
EUR: The single currency has maintained a firm undertone and offers at 1.0900 were filled but sell orders are still noted at 1.0920, 1.0950 and 1.0980, more selling interest is tipped at 1.1000, 1.1030 and 1.1050. On the downside, bids are raised to 1.0855-60, 1.0830 and 1.0815-20, more buy orders are located at 1.0800, 1.0785 and 1.0750. Option e...

Technical Outlook

AUD/USD Daily Outlook
No change in AUD/USD's outlook. Further rise cannot be ruled out. But such rebound is viewed as a correction. With 0.79... - Apr 28 09:08 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD stays neutral for the moment. Another recovery cannot be ruled out. But again, a medium term t... - Apr 28 09:07 GMT
EUR/USD Daily Outlook
Outlook in EUR/USD is unchanged. Price actions from 1.0461 are viewed as a consolidation pattern. As long as 1.1096 res... - Apr 28 09:04 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for the moment. Fall from 1.0127 is still in favor to extend lower. Break of 0... - Apr 28 09:02 GMT

Special Reports

PBOC Plans To Buy Local Government Bonds?
Apr 28 06:57 GMT
Renminbi fell to the lowest level 13 months amidst news that PBOC would begin p...
China's Manufacturing Sector Contracted Further In April
Apr 24 06:30 GMT
Flash China Manufacturing PMI by HSBC fell to a 12-month low of 49.2 in April f...
SNB Added More Accounts To Negative Rates
Apr 23 05:44 GMT
The SNB announced that it would eliminate some groups of sight deposit account ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
Despite yesterday's brief fall to 0.9493, lack of follow through selling on break of previous support at 0.9494 and the subsequen... - Apr 28 07:46 GMT
Trade Idea: GBP/USD - Buy at 1.5165
As cable has maintained a firm undertone after yesterday's rally, adding credence to our view that recent rise from 1.4566 low is... - Apr 28 07:42 GMT
Trade Idea: EUR/USD - Buy at 1.0835
As the single currency has eased after yesterday's rise to 1.0926, suggesting minor consolidation would be seen and pullback to t... - Apr 28 07:32 GMT
Trade Idea: USD/JPY - Stand aside
Although the greenback has retreated after meeting resistance at 119.43 and consolidation with mild downside bias is seen for tes... - Apr 28 07:28 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
As the British pound has continued to move higher after finding renewed bu... - Apr 28 09:15 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback retreated after meeting renewed selling interest at... - Apr 28 08:28 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 1.0660 last week and ... - Apr 27 09:04 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Hold long entered at 129.00
As the single currency has traded narrowly, suggesting further sideways trading would be seen and as long as 128.80-85 holds, pro... - Apr 28 09:47 GMT
Trade Idea: AUD/USD - Buy at 0.7850
As aussie has continued to head north after breaking resistance at 0.7843, suggesting the rise from 0.7533 low (tentatively wave ... - Apr 28 09:44 GMT
Trade Idea: EUR/GBP - Hold long entered at 0.7135
Despite last week's late bounce to 0.7212, the subsequent retreat suggests further consolidation would be seen, however, as long ... - Apr 27 14:25 GMT
Trade Idea: USD/CAD - Sell at 1.2320
Although the greenback has remained under pressure and test of previous support at 1.2088 cannot be ruled out, break there is nee... - Apr 27 14:18 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/CHF Elliott Wave Analysis
Last week's strong rebound suggests first leg of decline from 1.5195 ... - Apr 28 10:08 GMT
USD/JPY Elliott Wave Analysis
Despite last week's rebound to 120.09, the subsequent retreat from th... - Apr 27 11:02 GMT
EUR/JPY Elliott Wave Analysis
Euro's rebound after falling to 126.09 earlier this month has retaine... - Apr 24 09:30 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Apr 28 11:10 GMT

Action Bias

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

European Market Update: UK Q1 Advance GDP Misses Expectations But Will It Have Any Impact In Upcoming Elections
Apr 28 09:53 GMT, by Trade The News
The EUR/USD was little changed just above the 1.09 handle following yesterday's rise on fresh optimism of a deal on Greece. The new Greek Working Group official Chouliarakia was deemed as "more const...
Euro Reverses Early Losses On Greek Hopes
Apr 28 09:04 GMT, by KBC Bank
Yesterday, Greece was the swing factor for EUR/USD trading. The euro rebounded north of EUR/USD 1.09. The dollar was in the defensive as US equities came off the highs. Today USD traders look out for...
ECB To Stop Its QE Not Earlier Than September 2016 In An Abrupt Manner
Apr 28 08:57 GMT, by Dukascopy Swiss FX Group
The European Central Bank is unlikely to stop its bond-buying programme earlier than planned, according to economists' expectations. Some believed that the ECB will carry on with its QE scheme till S...
Activity Growth In US Services Sector Slows In April, With Services PMI Falling To 57.8
Apr 28 08:55 GMT, by Dukascopy Swiss FX Group
Activity growth in the US services sector slowed in April amid a decline in new business growth, but the pace of employment in the sector quickened to the fastest since last June. Markit's flash read...
UK Manufacturers Expect Output, Orders Growth To Accelerate
Apr 28 08:54 GMT, by Dukascopy Swiss FX Group
UK industrial order expectations improved less than expected in April, sapping optimism over the British economic outlook. According to the Confederation of British Industry, the index of industrial ...
Japan's Retail Sales Plummet 9.7% In March, Fuelling Speculation Of Further Monetary Policy Rasing
Apr 28 08:52 GMT, by Dukascopy Swiss FX Group
Retail sales in Japan declined at the fastest pace on record in March, underscoring the inability of BoJ policy makers to underpin demand and fuelling speculation of further monetary policy easing. J...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Apr 28 09:13 GMT, by Windsor Brokers Ltd
The Euro made three consecutive positive daily closes, marking four daily higher highs, on extension of the uptrend from1.0660 higher base. Yesterday’s fresh probe above psychological 1.09 barrier, p...
EUR/USD Rallies Towards 55-Day SMA
Apr 28 08:22 GMT, by Dukascopy Swiss FX Group
EUR/USD rallied for a third consecutive day on Monday as the single European currency is targeting the 55-day SMA, currently at 1.0930. However, a move significantly beyond this mark is unlikely. Add...
GBP/USD Rises Ahead Of UK GDP
Apr 28 08:21 GMT, by Dukascopy Swiss FX Group
Yesterday, despite some troubling volatility to the downside, the GBP/USD pair still ended the trading session with a rally. The Cable managed to overcome the 1.52 level and even went over the Bollin...
USD/JPY Awaits Consumer Confidence
Apr 28 08:20 GMT, by Dukascopy Swiss FX Group
On Monday, the USD/JPY pair surged according to expectations. Even though the US Dollar managed to go over 119.40, it closed at 119.12, just two pips higher than the forecast. The Greenback edged clo...
XAU/USD Jumps Most In Three Months
Apr 28 08:18 GMT, by Dukascopy Swiss FX Group
Waiting for the meeting on the Federal Reserve on Wednesday, Gold has declined noticeably in the beginning of this week. Markets are expecting the Fed to postpone a rate hike due to economy's poor pe...
Daily FX Report
Apr 28 07:50 GMT, by Varengold Bank
Yesterday the Dow Jones Index of shares dropped 0.2 percent and the Standard & Poor’s Index even declined 0.4 percent. Yesterday Greek Prime Minister Alexis Tsipras reshuffled his team handling t...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
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...
All Long Term Forecasts >>
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