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Dec 23 05:06 GMT

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Daily Report: Stocks Made Record Closes, Dollar Firm
Dec 23 03:51 GMT, by ActionForex.com
US stocks surged for another day overnight with DJIA gained 154.64 pts, or 0.87% to close at 17959.44. S&P 500 rose 7.89 pts or 0.38% to close at 2078.54. Both were all time record closes. Asian equities, however, don't follow and are stuck in tight range between gain and loss. Crude oil continues to be bounded in tight range above last week's...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Current fall from 1.3993 is expected to extend to next... - Dec 23 03:59 GMT
USD/CHF Daily Outlook
Further rise is expected in USD/CHF as current rally from 0.8698 should target a test on 0.9971 key resistance level. N... - Dec 23 03:57 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains mildly on the upside for the moment. Pull back from 121.84 should have completed at 11... - Dec 23 03:53 GMT
GBP/USD Daily Outlook
GBP/USD continues to stay in range above 1.5540 and intraday bias remains neutral. On the downside, break of 1.5540 wil... - Dec 23 03:52 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...
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Markets Snapshot

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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 23 05:00 GMT

Action Bias

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

Fundamental Analysis Reports

GBP/USD – Limited Movement As US Home Sales Dives
Dec 23 03:06 GMT, by MarketPulse
GBP/USD is calm on Monday as the pair is trading in the low-1.56 range. The pound had a rough week, losing about 100 points to the strong US dollar. On the release front, it’s a very quiet start to t...
USD/CAD – Steady As US Housing Data Slides
Dec 23 03:03 GMT, by MarketPulse
USD/CAD has posted small gains on Monday, as the pair trades in the low-1.16 range in the North American session. On the release front, it’s a very quiet day, with just one event on the calendar. US ...
EM Rundown: USDRUB Bears Nonplussed By Russian Bank Collapse
Dec 23 02:46 GMT, by Forex.com
In typical Christmas week trade, the forex market has been generally quiet today as the US dollar is putting in a mixed performance against its G10 rivals. As my colleague Fawad Razaqzada noted earli...
Holiday Season To Restrict Big-Moves In The Forex Market
Dec 22 15:07 GMT, by Admiral Markets
In the week gone-by, when the Federal Reserve fuelled expectations of a possible rate-hike in the middle of 2015, the overall US Dollar Index (I.USDX) climbed to a fresh multi-year high. The central ...
AUD/USD - Unchanged as Aussie Struggling Close to 81
Dec 22 15:06 GMT, by MarketPulse
AUD/USD has posted moderate gains on Thursday, recovering much of the losses sustained a day earlier. The pair is trading in the high-0.81 range early in the North American session. In the US, Unempl...
The Three Things Fueling FX Market Volatility Throughout 2015
Dec 22 14:36 GMT, by MarketPulse
The dearth of currency market volatility in 2014 that sank to historic lows last summer appears to be consigned to history. Put simply, there are too many economic and geopolitical variables that eru...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Dec 23 04:26 GMT, by HY Markets
THE EURO closed lower on Monday as it extends this year's decline. The midrange close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI remain n...
Daily Technical Analysis
Dec 23 03:33 GMT, by FX Instructor
The EURUSD attempted to push higher yesterday topped at 1.2271 but closed lower at 1.2227. The bias remains bearish in nearest term testing 1.2100 region. Immediate resistance is seen around 1.2270. ...
Market Morning Briefing
Dec 23 03:33 GMT, by Kshitij Consultancy Services
Euro (1.2227) is near the yearly lows of 1.22. The overall trend in quarterly and monthly charts would turn very bearish as it closes near the lows and below 200-month moving average. Pound-Dollar's ...
AUDNZD To Break To Multi-Year Lows In 2015
Dec 23 03:09 GMT, by ThinkForex
The crux of this call is simply the way price has behaved since the 2011 highs. The decline is accelerating and wiped off all gains seen between 2006-2011 in 3 years. The price behaviour appears to b...
GBPUSD - Threatens Further Decline
Dec 23 02:54 GMT, by FXTechstrategy
GBPUSD - With GBP continuing to maintain its broader downside pressure, it looks to weaken further in the new week. But be wary of a recovery higher on correction. On the downside, support lies at th...
NZDUSD Tests A Key Support Zone
Dec 23 02:51 GMT, by Forex.com
NZDUSD fell overnight on the back of widespread US dollar strength. The pair went on to test a critical short-term support zone around the base of a consolidating wedge formation. A break here could ...
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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