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Weekly Review and Outlook: Swiss Franc Broadly Higher on Greece Risk
Apr 18 14:57 GMT, by ActionForex.com
The Swiss Franc ended last week as the biggest winner on risk aversion and European stocks tumbled sharply on Greece fears. Canadian dollar came second as lifted by less dovish than expected BoC statement as well as rebound in oil price. Meanwhile, dollar was the weakest one and ended broadly lower as a string on weak economic data basically ruled...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD recovered after dipping to 1.0520 and the development suggests that consolidation pattern from 1.0461 is still ... - Apr 18 12:53 GMT
USD/JPY Weekly Outlook
USD/JPY's recovery from 118.32 completed at 120.83 and reversed since then. Initial bias stays mildly on the downside t... - Apr 18 12:50 GMT
GBP/USD Weekly Outlook
GBP/USD's strong rebound last week and the break of 1.4971 resistance indicates near term bottoming at 1.4565. Initial ... - Apr 18 12:44 GMT
USD/CHF Weekly Outlook
USD/CHF's rebound was limited at 0.9862 and dropped sharply since then. Initial bias stays neutral this week first. The... - Apr 18 12:38 GMT

Special Reports

BOC Less Dovish About Inflation
Apr 16 05:54 GMT
The BOC left its target for the overnight rate unchanged at 0.75% for the 3rd c...
ECB: QE Remains in Progress until Sustained Adjustment of Inflation Seen
Apr 16 05:53 GMT
The ECB left the policy rates unchanged in April and reaffirmed that the asset ...
China's GDP Grew +7% in First Quarter, Aggressive Easing Needed to Meet Full Year Target
Apr 15 05:02 GMT
The latest series of data reaffirms that the growth momentum in China has deter...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
As the greenback has rebounded after intra-day brief fall to 0.9494, suggesting an intra-day low has possibly been formed there a... - Apr 17 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
As cable has retreated after intra-day rise to 1.5053, suggesting minor consolidation below this level would be seen and pullback... - Apr 17 16:00 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.0685
As the single currency has retreated after intra-day brief rise to 1.0849, suggesting consolidation below this level would be see... - Apr 17 15:54 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Despite intra-day brief fall to 118.57, as the greenback has staged a strong rebound in NY morning, suggesting consolidation abov... - Apr 17 15:51 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Although the single currency resumed recent decline to 126.09 earlier this... - Apr 17 08:56 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
The greenback dropped after meeting renewed selling interest at 1.2667 and... - Apr 17 08:39 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Euro met renewed selling interest at 0.7270 and has fallen again, the brea... - Apr 16 09:40 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7135
As the single currency has remained under pressure, retaining to our view that the decline from 0.7385 is still in progress and m... - Apr 17 14:40 GMT
Trade Idea: USD/CAD - Sell at 1.2325
As the greenback has recovered after intra-day fall to 1.2088, suggesting minor consolidation would be seen and corrective bounce... - Apr 17 14:38 GMT
Trade Idea: EUR/JPY - Buy at 127.70
The single currency found renewed buying interest at 126.75 and staged a stronger-than-expected rebound, suggesting a temporary l... - Apr 17 09:36 GMT
Trade Idea: AUD/USD - Buy at 0.7730
Aussie's rally after finding good support at 0.7553 signals a temporary low has been formed at 0.7533 earlier (tentatively wave (... - Apr 17 09:30 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Despite falling to 126.09 earlier this week, lack of follow through s... - Apr 17 10:02 GMT
USD/CHF Elliott Wave Analysis
Despite last week's rise to 0.9863, the subsequent retreat turned out... - Apr 17 09:52 GMT
EUR/GBP Elliott Wave Analysis
Although the single currency has remained under pressure after breaki... - Apr 16 10:57 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Apr 17 21:55 GMT

Action Bias

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

Fundamental Analysis Reports

Weekly Economic and Financial Commentary
Apr 18 09:01 GMT, by Wells Fargo Securities
After a rough start to the year filled with relatively weak economic data, the U.S. economy finally looks to be moving past some of the transitory hurdles. Retail sales, producer prices, manufacturin...
The Weekly Bottom Line
Apr 18 08:47 GMT, by TD Bank Financial Group
This week marked the beginning of the highly anticipated corporate earnings season in the U.S. Early indications suggest that businesses are so far withstanding the lofty dollar and lower oil prices....
Would There Be Any Winners from a Greek Default?
Apr 18 08:39 GMT, by Forex.com
With the possibility that Greece is not going to be able to meet its debt payments next month and be forced into bankruptcy, we thought that it was worth trying to see if there could be any winners f...
Week Ahead: Flash PMIs and Eurogroup to Dictate Pace
Apr 18 08:22 GMT, by MarketPulse
Greek debt will be the main topic during the Eurogroup meetings next week. Bond yields have fallen in the rest of Europe as investor demand more yield form Greek bonds. Various finance ministers from...
Weekly Focus: We Continue to Look for Robust Growth in the Euro Area
Apr 18 08:20 GMT, by Danske Bank
We believe we are at a low point in the global business cycle. US growth to recover from here. Stock markets playing recovery. Fed members still signal hike in June-September window. We s...
US CPI Up 0.2% in March With Core Prices also Up 0.2%
Apr 17 15:08 GMT, by RBC Financial Group
US CPI increased by 0.2% in March 2015. That was slightly smaller than the 0.3% gain markets had expected but marked a second consecutive monthly increase (it matched a 0.2% gain in February) after t...
All Daily Fundamental Reports >>

Technical Analysis Reports

Technical Analysis for Major Currencies
Apr 17 11:00 GMT, by ICN.com
The EURUSD pair rose as expected, and now trading above linear regression indicators and above 50% Fibonacci correction located at 1.0825-1.0830. Breaching 1.0830 will cause another bullish wave targ...
Forex Technical Analysis
Apr 17 10:02 GMT, by DeltaStock Inc.
The overall outlook remains bullish, for a break through the recent high at 1.0817, en route to 1.0910 resistance area. Crucial on the downside is 1.0620.
Today's Market Outlook
Apr 17 08:51 GMT, by Windsor Brokers Ltd
The Euro extended corrective rally from 1.0530 higher low of 14 Apr, to crack key barrier at 1.08, daily 20SMA, on probe above hourly bull-channel upper boundary and extension to fresh high at 1.0816...
EUR/USD Consolidates Around 2003 Low
Apr 17 08:33 GMT, by Dukascopy Swiss FX Group
EUR/USD continued to undergo a bullish correction on Thursday. The pair attempted to surge beyond monthly PP, but eventually closed just above 2003 low at 1.0760. Still, short-term outlook focuses on...
GBP/USD Rises On Weak Dollar
Apr 17 08:32 GMT, by Dukascopy Swiss FX Group
Yet again the US fundamentals weighed on the Greenback. As a result, the British Pound climbed up for the fourth day in a row, completely negating last week's losses. Moreover, the 1.49 barrier was c...
USD/JPY Still Under Pressure
Apr 17 08:30 GMT, by Dukascopy Swiss FX Group
On Thursday, the USD/JPY currency pair slid for the fifth consecutive day due to an increase in unemployment claims in the US. The Greenback experienced some volatility, but in the end there was only...
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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