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Dec 26 15:00 GMT

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Mid-Day Report: Dollar Index Breaks 90 as Up Trend Continues
Dec 23 14:26 GMT, by ActionForex.com
The greenback surges broadly against other majors currencies in thin holiday trading today. The dollar index takes out 90 psychological level to as high as 90.09 so far. Dollar also extends recent up trend against European majors and Aussie. Economic data from US are mixed but that gives little impact to dollar's bullish momentum. Q3 GDP grow was ...

Technical Outlook

AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral for the moment as the consolidation from 0.8106 temporary low might extend. Bu... - Dec 23 05:37 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. Some more consolidations would be seen below 1.1672 temporary ... - Dec 23 05:35 GMT
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

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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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 26 14:55 GMT

Action Bias

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

USD/JPY - Limited Movement as Japan Posts Mixed Numbers
Dec 26 11:32 GMT, by MarketPulse
USD/JPY is almost unchanged on Friday, as USD/JPY is trading slightly above the 120 line. Japanese markets were open on Christmas Day, and there were a host of Japanese releases, led by inflation and...
Forex Holiday Trading Activity
Dec 26 10:34 GMT, by Swissquote Bank SA
Activity in the forex markets remain quiet as thin holiday participation push forex pairs into tight range-bound trading across the board. With market participants taking the day-off no real directio...
Gold Posts Slight Post-Holiday Gains
Dec 26 10:33 GMT, by MarketPulse
Gold has moved higher on Friday, taking advantage of light trade in the markets after the Christmas holiday. In the European session, as the spot price stands at $1187.06 per ounce. The metal has rec...
EUR/USD - Unchanged in Thin Trade
Dec 26 09:14 GMT, by MarketPulse
As we wrap up the week following the Christmas day break, EUR/USD, is trading quietly at the 1.22 line on Friday. US and European markets were closed on Thursday, and with no economic releases until ...
Daily FX Report
Dec 26 06:44 GMT, by Varengold Bank
Good morning from rainy Hamburg and welcome to our Daily FX Report. Both, Turkey and Iraq worried by the rise of Islamic State and pledged yesterday to work towards greater military cooperation in th...
GBP/USD - Slight Gains For Pound in Light Trade
Dec 25 02:04 GMT, by MarketPulse
GBP/USD has posted slight gains on Wednesday, as the pair trades in the mid-1.55 line in the North American session. On the release front, US Unemployment Claims dropped to 280 thousand, beating the ...
All Daily Fundamental Reports >>

Technical Analysis Reports

EURGBP Vulnerable, Bears Eyeing 6-Year Lows at .7760
Dec 25 02:16 GMT, by Forex.com
Last week, we outlined the bearish case for EURGBP, concluding If we do see rates drop through [the bottom of the symmetrical triangle pattern at .7840], a continuation down to key support at the si...
GBP/AUD: The End of a Trend?
Dec 25 02:15 GMT, by Forex.com
Throughout the last month and a half there has been a glorious trend occurring in the GBP/AUD that was extremely consistent and strong, but recently the trend line that has supported it has been brok...
USDCHF: Parity in Play?
Dec 25 02:13 GMT, by Forex.com
Yesterday, we discussed how the SNB's decision to cut Swiss interest rates to negative had only a short-lived effect on EURCHF. The impact was minimal because both the Eurozone and Switzerland now ha...
EUR/USD Hits New 2014 Low
Dec 24 10:08 GMT, by Dukascopy Swiss FX Group
Yesterday, the EUR/USD currency pair dropped considerably and managed to set a new yearly minimum in the very end of December. The new 2014 low is located between the monthly S3 and S2 at 1.2163. In ...
GBP/USD Probes Tough Support At 1.55
Dec 24 10:07 GMT, by Dukascopy Swiss FX Group
Having taken the support at 1.56 out of the way, GBP/USD is currently putting a lot of pressure on 1.55, which in turn does not appear to be an easy target. The demand the currency pair is facing rig...
USD/JPY Launches An Attack On 121
Dec 24 10:05 GMT, by Dukascopy Swiss FX Group
As it turned out, the supply at 120 did not manage to stop the advancement of the US Dollar. Accordingly, it is now a turn of the resistance around 121 (weekly and monthly R1) to test the strength of...
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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