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Jan 28 06:31 GMT

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Daily Report: Dollar Consolidates as Markets Await FOMC
Jan 28 06:12 GMT, by ActionForex.com
Dollar stays in consolidation against other major currencies as markets await FOMC announcement later today. We do not expect the Fed would change its monetary stance this month. Yet, the FOMC meeting provides a chance for policymakers to communicate its assessment of strong USD and weak oil prices on domestic and global economic developments. Mar...

Technical Outlook

AUD/USD Daily Outlook
Intraday bias in AUD?USD remains neutral for consolidation above 0.7856 temporary low. Recovery should be limited by 0.... - Jan 28 06:23 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral as consolidation from 1.1096 temporary low continues. Upside of recovery shoul... - Jan 28 06:20 GMT
USD/CHF Daily Outlook
The corrective recovery in USD/CHF extended higher and is now struggling around 4 hours 55 EMA. More recovery might be ... - Jan 28 06:17 GMT
USD/JPY Daily Outlook
Outlook in USD/JPY is unchanged. The consolidation pattern from 121.84 is still in progress and is likely a triangle pa... - Jan 28 06:15 GMT

Special Reports

Greek Election – Anti-Bailout Coalition Government Raises Financial Instability
Jan 27 05:08 GMT
The far-left Syriza party won Greece's general election by a larger-than-expect...
ECB Decided to Buy Asset Worth of 60B euro a Month, March through September 2016
Jan 22 14:34 GMT
Exceeding the consensus forecast of 50B euro or 50B euro in total, ECB's expand...
BOC Cut Rates, Insuring Against Headwind Posed By Oil Price Decline
Jan 22 04:03 GMT
Surprisingly, the BOC announced to cut its overnight rate to 0.75% from 1% in J...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day brief breach of 0.9131, lack of follow through buying and the subsequent sharp retreat from 0.9168 suggest an i... - Jan 27 16:05 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.5150
As the British pound has rallied again after finding renewed buying interest just above the Kijun-Sen, adding credence to our vie... - Jan 27 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Exit short entered at 1.1390
As intra-day rise has gathered momentum, suggesting near term upside risk remains for the rebound from 1.1098 low to bring retrac... - Jan 27 15:51 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's sharp retreat from 118.66 has reinforced our view that further consolidation within 117.18-118.87 range would be seen an... - Jan 27 15:36 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound briefly recovered to 1.5213 last week and renewed sellin... - Jan 27 08:36 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.8501 last week and has st... - Jan 27 08:19 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency opened lower this morning, lack of follow thr... - Jan 26 08:58 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: USD/CAD - Sell on break of 1.2400
Although the greenback moved marginally higher to 1.2501 today, lack of follow through buying suggests the greenback is losing ne... - Jan 27 14:18 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency has staged a rebound after yesterday's initial brief fall to 130.15, suggesting a minor low has possibly b... - Jan 27 09:29 GMT
Trade Idea: AUD/USD - Sell at 0.8050
Aussie's recovery after yesterday's initial fall to 0.7858 suggests minor consolidation would be seen and corrective bounce to 0.... - Jan 27 09:15 GMT
Trade Idea: EUR/GBP - Sell at 0.7600
Although the single currency opened lower earlier today, lack of follow through selling and current rebound suggest consolidation... - Jan 26 15:32 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound met renewed selling interest at 1.5213 and... - Jan 27 10:15 GMT
GBP/CHF Elliott Wave Analysis
Although sterling edged higher to 1.5547, the subsequent selloff on S... - Jan 27 10:06 GMT
USD/JPY Elliott Wave Analysis
The greenback found good support at 115.85 and has rebounded, retaini... - Jan 26 10:47 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jan 28 06:25 GMT

Action Bias

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

USD/JPY: Japanese Yen Trading Lower This Morning
Jan 28 06:24 GMT, by GCI Financial
The pair is expected to find support at 117.54, and a fall through could take it to the next support level of 116.92. The pair is expected to find its first resistance at 118.57, and a rise through c...
USD/CHF: Swiss Franc Extends Its Losses This Morning
Jan 28 06:24 GMT, by GCI Financial
The pair is expected to find support at 0.8932, and a fall through could take it to the next support level of 0.8815. The pair is expected to find its first resistance at 0.9168, and a rise through c...
USD/CAD: Loonie Trading Lower This Morning
Jan 28 06:23 GMT, by GCI Financial
The pair is expected to find support at 1.2374, and a fall through could take it to the next support level of 1.2314. The pair is expected to find its first resistance at 1.2497, and a rise through c...
Asian Market Update: Australia Trimmed CPI In Range, Diminishing Outlook For Rate Cut, MAS Lowers Inflation Target In Intermeeting Move
Jan 28 06:11 GMT, by Trade The News
Australian dollar - one of the biggest victims to the 7-month-old USD advance - got some temporary relief from today's quarterly inflation figures. With the case for renewed RBA easing as early as ne...
Silver Bears Looking To Pounce
Jan 28 05:44 GMT, by Blackwell Global
Silver could be rather volatile in the markets over the next 24 hours as the US Federal Open Markets Committee meet to discuss interest rates. The fall in inflation has led many in the market to expe...
USDJPY Looking For Big Moves
Jan 28 05:42 GMT, by Blackwell Global
The USD has been gaining ground in the short term, after the recent Euro-zone troubles. While many investors rushed into the Yen after the collapse of the SNB price floor it has since recovered, but ...
All Daily Fundamental Reports >>

Technical Analysis Reports

EURAUD Building Up For A Break Below 1.40
Jan 28 05:32 GMT, by ThinkForex
Since the initial rejection of 1.40 on 16th Jan price rebounded to 1.4413 where it produced a Dark Cloud Cover reversal. Since then price has coiled up and even made an intraday break below 1.40 to c...
US$ Index, Still No Top But...
Jan 28 05:09 GMT, by Foreign Exchange Analytics
In the Jan 20th email, again said there was no confirmation of even a shorter term top 'pattern-wise'. The market did indeed continue higher, currently consolidating from the Jan 23rd high at 95.50 (...
Foreign Exchange Market Commentary
Jan 28 04:31 GMT, by HY Markets
THE EURO closed higher on Tuesday. The highrange close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher...
Daily Technical Analysis
Jan 28 03:39 GMT, by FX Instructor
The EURUSD continued its bullish correction yesterday topped at 1.1421. The bias is bullish in nearest term testing 61.8% Fib retracement of 1.1650 – 1.1096 as you can see on my hourly chart below lo...
Market Morning Briefing
Jan 28 03:39 GMT, by Kshitij Consultancy Services
Euro (1.1335) saw a first substantial 100+ pip move since mid-Dec. Its too early to call it a turnaround, as so much uncertainty still remains. The current bounce was limited to near 61% of recent fa...
AUD/USD – Consolidates Above Support At 0.79
Jan 28 02:46 GMT, by MarketPulse
The last week has seen the Australian dollar fall very sharply and break lower from the trading range that had been established roughly between 0.8050 and 0.8200. This has resulted in a new multi-yea...
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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