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Nov 24 12:08 GMT

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Market Overview

European Session: Orders and Options Watch
Nov 24 09:36 GMT, by ActionForex.com
EUR: The single currency opened lower earlier today but found support just above previous low at 1.2358 and has recovered in Asia, however, offers are still noted from 1.2405-10 all the way up to 1.2450 (every 10 points interval), more sell orders are reported at 1.2465-70 and in good size at 1.2490-00, selling interest is seen at 1.2530-40, 1.257...
Daily Report: Euro Lower as Markets Eye German Ifo
Nov 24 02:36 GMT, by ActionForex.com
Euro opens the week lower against dollar as it's still feeling pressure from ECB president Mario Draghi's dovish comments on Friday. Draghi pledged to boost inflation back to 2% target as quickly as possible and hinted that he's open to additional easing. The common currency will look into German business confidence data today for direction. The I...
Weekly Review and Outlook: Yen as the Weakest Currency Again
Nov 23 03:41 GMT, by ActionForex.com
Yen ended as the weakest currency again last week as prime minister Shinzo Abe finally announced his decision to delay the next sales tax hike and called a snap reaction. Euro and swiss franc followed as the next weakest currencies on dovish comments from ECB president Mario Draghi. Among the European majors, Sterling was clearly the stronger one ...
All Market Overview Reports >>

Technical Outlook

EUR/USD Daily Outlook
EUR/USD is staying above 1.2357 and intraday bias remains neutral for the moment. With 1.2613 resistance intact, deeper... - Nov 24 03:27 GMT
GBP/USD Daily Outlook
With 1.5789 resistance intact, deeper decline is still expected in the pair. Current fall from 1.7190 should target 100... - Nov 24 03:25 GMT
USD/CHF Daily Outlook
USD/CHF is staying below 0.9741 and intraday bias remains neutral for the moment. The consolidation from 0.9741 might s... - Nov 24 03:23 GMT
USD/JPY Daily Outlook
As noted before, USD/JPY is close to 120 key cluster level around 120. That includes 161.8% projection of 101.08 to 110... - Nov 24 03:20 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral for the moment. As long as 0.8910 resistance holds, deeper decline is still ex... - Nov 24 02:58 GMT
USD/CAD Daily Outlook
As noted before, the break of channel support and bearish divergence condition in daily MACD raised the chance of near ... - Nov 24 02:54 GMT
EUR/AUD Daily Outlook
As noted before, price actions from 1.4221 are merely forming a consolidation pattern and could have completed. Decline... - Nov 24 02:50 GMT
EUR/GBP Daily Outlook
Near term outlook in EUR/GBP is neutral for the moment. The cross is close to 0.7740/55 key support zone. Yet, it faile... - Nov 24 02:47 GMT
EUR/CHF Daily Outlook
No change in EUR/CHF's outlook. Deeper decline cannot be ruled out. But we'd expect strong support from SNB's 1.2 floor... - Nov 24 02:43 GMT
GBP/JPY Daily Outlook
Outlook in GBP/JPY remains unchanged. With 181.09 minor support intact, further rally is still expected for 190 psychol... - Nov 24 02:41 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains mildly on the downside for the moment. As noted before, a short term top was formed at... - Nov 24 02:37 GMT
EUR/USD Weekly Outlook
EUR/USD recovered to 1.2599 last week but reversed from there and dropped sharply to close. After all, it's staying in ... - Nov 22 04:30 GMT

Special Reports

China Watch: PBOC's Surprising Rate Cuts Signal The Beginning Of Easing Cycle
Nov 24 10:49 GMT
The People's Bank of China (PBOC) cut the benchmark 1-year lending rate by -40bp to 5.6% and the 1-...
Fed Sees Inflation Target within Reach, Impacts of Overseas Slowdown Limited
Nov 20 06:06 GMT
The FOMC minutes for the October meeting suggested that policymakers remained confident about the e...
BOE Minutes Showed Splits among Those Favored Keeping Rates Unchanged
Nov 19 13:04 GMT
The BOE minutes for the November meeting showed that the members voted 7-2 to keep the Bank rate un...
RBA Raised Concerns Over Housing Markets, Both At Home And In China
Nov 18 05:16 GMT
The RBA minutes for the November meeting contained few surprises. Policymakers reiterated the forwa...
Japan Recession, Abe Likely To Call For Delay In Sales Tax Hike
Nov 17 07:02 GMT
Japan's latest GDP data surprised to the downside and suggested that the world's third largest econ...
Chinese Data Showed Further Slowdown in Economy
Nov 13 10:39 GMT
The latest set of Chinese data unveiled that slowdown in the world's second largest economy continu...
All Special Reports >>
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