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May 21 10:13 GMT

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European Session: Orders and Options Watch
May 21 08:14 GMT, by ActionForex.com
EUR: The single currency edged higher above 1.2900 level in European opening, mixture of offers and stops at 1.2905-15 is now in focus but fresh offers from Asian sovereign names are tipped around 1.2925-35 and further out at 1.2950 as well as 1.2970, combination of offers and stops are expected at 1.2990-00 and further out at 1.3030-40. On the do...

Technical Outlook

EUR/USD Daily Outlook
No change in EUR/USD's outlook. With 1.2929 minor resistance intact, deeper decline is still expected in EUR/USD for 1.... - May 21 05:20 GMT
GBP/USD Daily Outlook
No change in GBP/USD's outlook. With 1.5322 minor resistance intact, deeper decline is still expected. As noted before,... - May 21 05:18 GMT
USD/CHF Daily Outlook
As long as 0.9578 support holds, further rally is still expected. Sustained trading above 100% projection of 0.9021 to ... - May 21 05:16 GMT
USD/JPY Daily Outlook
A temporary top is in place at 103.30 in USD/JPY and intraday bias is turned neutral. Some consolidations would be seen... - May 21 05:15 GMT

Special Reports

RBA Minutes Signaled Rate Cut Was Needed To Boost Growth
May 21 04:59 GMT
The RBA released minutes for the May monetary policy meeting, explaining the ra...
BOE Stands on the Sideline, Awaiting Carney
May 09 13:20 GMT
The BOE refrained from adding further stimulus at the May meeting, i.e. leaving...
RBA Cut Rate To Record Low
May 07 05:49 GMT
The RBA cut the cash rate by -25 bps to 2.75% in May citing that domestic growt...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: USD/CHF - Buy at 0.9585
As the greenback has retreated after resuming recent upmove to 0.9761 last week, retaining our view that minor consolidation belo... - May 21 07:12 GMT
Trade Idea: GBP/USD - Sell at 1.5330
Cable's rebound after last week's resumption of decline to 1.5158 suggests consolidation above this level would be seen and initi... - May 21 07:09 GMT
Trade Idea: EUR/USD - Sell at 1.2950
As the single currency has rebounded again after finding support around the Kijun-Sen and Ichimoku cloud top, suggesting near ter... - May 21 07:03 GMT
Trade Idea: USD/JPY - Stand aside
Although the greenback has rebounded after holding above yesterday's low of 102.00, reckon upside woudl be limited to 102.80-85 a... - May 21 06:56 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

USD/CHF Candlestick and Ichimoku Analysis
The greenback continued to find good support just above the Tenkan-Sen and... - May 21 09:43 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency continued to head soutyh last week and price finally b... - May 20 10:28 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback has risen again after brief pullback and the breach of indic... - May 20 09:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 131.35
As the single currency staged a strong rebound after yesterday's brief fall to 130.93, suggesting consolidation within 103.93-132... - May 21 08:45 GMT
Trade Idea: AUD/USD – Sell at 0.9915
Aussie's recovery after last week's selloff to 0.9711 has retained our view that minor consolidation above this level would be se... - May 21 08:41 GMT
Trade Idea: EUR/GBP - Hold short entered at 0.8465
Although the single currency rebounded after falling to 0.8420 last week, if our view that top has been formed at 0.8516 last wee... - May 20 14:57 GMT
Trade Idea: USD/CAD - Buy at 1.0200
As the greenback has retreated after rising to 1.0313 last week, suggesting minor consolidation below there would be seen and pul... - May 20 14:53 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
The greenback only eased to 98.58 before finding renewed buying inter... - May 20 11:03 GMT
EUR/USD Elliott Wave Analysis
The single currency dropped again after brief recovery to 1.3030 last... - May 20 10:55 GMT
EUR/JPY Elliott Wave Analysis
The single currency has maintained a firm undertone this week after r... - May 17 11:05 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: May 21 11:05 GMT

Action Bias

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

Fundamental Analysis Reports

Inflation Risk For GBPUSD
May 21 09:19 GMT, by Forex.com
UK inflation data for April is the economic highlight during the European session today. GBP traders shoudl watch this data as it could have important implications for the pound.
European Stocks Fall After Record Run On Fed Policy Speculation
May 21 09:16 GMT, by ICN.com
After reaching its highest levels since September 2000 on Monday, the U.K. FTSE 100, along with the rest of European shares opened lower on Tuesday, mirroring the drop in U.S. markets as investors we...
U.K. Inflation Slows To 2.4%, Pound Drops Versus Dollar
May 21 09:15 GMT, by ICN.com
U.K. inflation retreated to 2.4% in April., the lowest level in seven months, coming back near the bank's target, while pound drops versus dollar on expected further calls for stimulus expansion. Tod...
Morning Forex Fundamental
May 21 08:41 GMT, by Dukascopy Swiss FX Group
Even despite the nation's plan, which is projected to stabilise public finances and lead to an economic recovery, Slovenia's credit rating was downgrade by the Fitch agency. Fitch cut Slovenia's main...
Dollar Off The Recent Top
May 21 08:23 GMT, by KBC Bank
The focus of currency markets is on the Fed's exit debate. The dollar is losing some ground as markets anticipate that Fed Bernanke will keep the current Fed approach when he speaks on Wednesday. EUR...
UK Inflation In Focus
May 21 08:01 GMT, by Swissquote Bank SA
The risk appetite remained limited overnight as Fitch warned that the slow growth in Europe and US may negatively impact the ratings. The Nikkei 225 added 0.05%, Hang Seng lost 0.5%, while Shanghai’s...
All Daily Fundamental Reports >>

Technical Analysis Reports

USD/JPY Holds Steady Just Bellow 103
May 21 09:40 GMT, by ZIFX.com
On Monday Dollar/Yen decreased with 130 pips. The currency couple depreciated from 103.25 to 101.93 yesterday, matching the negative money flow sentiment at around -15%, closing the day at 102.22. Th...
Morning Forex Technical
May 21 08:27 GMT, by Dukascopy Swiss FX Group
The common European currency recovers, as the price breached the monthly S1 level at 1.2875 and weekly pivot point at 1.2885 yesterday. Seems that Dollar's appreciation takes a break and the pair und...
GBPJPY - Bullish, Broader Bias Remains Higher
May 21 08:16 GMT, by FXTechstrategy
GBPJPY – With GBPJPY continuing to hold on to its broader upside, we look for it to strengthen further in the days ahead. This will leave it targeting the 157.00 level where a violation will aim at t...
Today's Market Outlook
May 21 08:11 GMT, by Windsor Brokers Ltd
The Euro bounced off yesterday's fresh low at 1.2795 and regained psychological 1.2900 barrier, sidelining immediate downside risk. This would open way for stronger corrective action, as near-term st...
GBP/USD Ceases Weakening, Holding Above 1.52
May 21 08:09 GMT, by ZIFX.com
On Monday Pound/Dollar increased with almost 120 pips. The Cable appreciated from 1.5163 to 1.5282 yesterday, in line with the positive money flow sentiment at above +14%, closing the day at 1.5246. ...
Technical Analysis for Crosses
May 21 08:07 GMT, by ICN.com
The GBPJPY resumed the bullish bias after testing the ascending support for the latest bullish wave, and currently heading towards the latest key high at 156.75 area. A break above this area could pu...
All Daily Technical Reports >>

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Long Term Forecasts

Is the U.K. Economy (Finally) Turning the Corner?
Apr 29 15:48 GMT, by Wells Fargo Securities
Recently released data show that real GDP in the United Kingdom grew 0.3 percent (1.2 percent at an...
Easy Money: Japan's Policy Gamble
Apr 13 04:00 GMT, by Wells Fargo Securities
This report focuses on Japan and considers the domestic implications of the bold fiscal and monetar...
A Bird's Eye View of the Global Economy
Mar 19 16:25 GMT, by TD Bank Financial Group
The global economy grew by an estimated 2.9% in 2012. The euro zone double dip recession, a softer ...
FX Top Trades 2013: How to Position for the Coming Year
Dec 05 14:55 GMT, by Danske Bank
For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2...
Implications for UK & Canada from the Appointment of Mark Carney as BoE Governor
Nov 27 11:51 GMT, by TD Bank Financial Group
Chancellor Osborne announced today that Mark Carney, currently the Governor of the Bank of Canada, ...
All Long Term Forecasts >>
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