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Jan 28 05:48 GMT
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Mid-Day Report: Yen Rally Continues as Risk Pulls Back Following US GDP Disappointment
Jan 27 15:48 GMT, by ActionForex.com
Yen continues to strength in early US session in otherwise ranging market as risk rally pulls back following GDP disappointment. Q4 GDP in US showed 2.8% annualized growth, strongest pace in 1.5 years but missed expectation of 3.0%. DOW opened lower today and remains pressured at the time of writing. USD/JPY dips further to as low as 76.76 so far ...

Technical Outlook

EUR/USD Mid-Day Outlook
No change in EUR/USD's outlook. Rebound from 1.2625 is still in favor to continue with 1.2931 minor support intact. Sus... - Jan 27 16:31 GMT
GBP/USD Mid-Day Outlook
GBP/USD's rally is still in favor to continue with 1.5527 minor support intact and focus remains on 1.5779 resistance. ... - Jan 27 16:30 GMT
USD/CHF Mid-Day Outlook
With 0.9339 resistance intact, current fall in USD/CHF is expected to continue further to 0.9065 support next. Consider... - Jan 27 16:23 GMT
USD/JPY Mid-Day Outlook
USD/JPY drops further to as low as 76.71 in early US session and intraday bias remains on the downside for 76.55 suppor... - Jan 27 15:49 GMT
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Special Reports

RBNZ Intends To Pause Longer
Jan 26 04:47 GMT
At the January meeting, the RBNZ left the OCR unchanged at 2.5% and signaled th...
Fed Keeps Interests Low At Least Until Late 2014
Jan 26 03:50 GMT
The Fed delivered a dovish policy statement in January, stating the Fed funds r...
China Watch: Shift To Monetary Easing Should Support Chinese Growth In 2012
Jan 19 06:58 GMT
The Chinese economy grew +8.9% y/y in 4Q11, down from +9.1% in the prior quarte...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF – Sell at 0.9310
Although dollar’s rebound after falling to an 8-week low of 0.9157 yesterday suggests consolidation above this level would take p... - Jan 27 15:22 GMT
Trade Idea Wrap-up: GBP/USD – Sell at 1.5785
Although cable’s rebound after intra-day retreat to 1.5661 suggests near term upside risk remains for recent rise from 1.5234 to ... - Jan 27 15:19 GMT
Trade Idea Wrap-up: EUR/USD – Sell at 1.3210
Euro has continued to find support just above the Ichimoku cloud top, retaining our view that near term upside risk remains for r... - Jan 27 15:16 GMT
Trade Idea Wrap-up: USD/JPY – Hold long entered at 77.05
As dollar has remained under pressure on broad-based weakness in the greenback and current breach of indicated support at 76.87 s... - Jan 27 15:06 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency only eased to 98.90 on Monday (we recommended to buy e... - Jan 27 08:39 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The currency pair finally penetrated support at 1.0052 on broad-based weak... - Jan 27 08:23 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Cable’s rebound from .15234 turned out to be stronger than expected and th... - Jan 26 08:47 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP – Sell at 0.8415
Although the single currency has retreated after rising to 0.8399 yesterday, as long as 0.8311 support holds, near term upside ri... - Jan 27 14:53 GMT
Trade Idea: USD/CAD – Stand aside
As the greenback has remained under pressure after breaking indicated support at 1.0052, signaling early rebound from 0.9892 has ... - Jan 27 14:47 GMT
Trade Idea: EUR/JPY – Buy at 100.00
Despite yesterday’s rise to 102.21, the subsequent retreat from there signals a minor top is formed and consolidation below this ... - Jan 27 09:03 GMT
Trade Idea: AUD/USD – Buy at 1.0450
Despite yesterday’s rise to 1.0688, the subsequent retreat suggests consolidation would be seen and pullback to 1.0550 and possib... - Jan 27 08:57 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/CHF Elliott Wave Analysis
Dollar’s retreat from 0.9595 turned out to be stronger than expected,... - Jan 27 09:38 GMT
EUR/JPY Elliott Wave Analysis
Although the single currency rose to as high as 102.21 yesterday, the... - Jan 27 09:37 GMT
EUR/CHF Elliott Wave Analysis
Although euro’s stronger-than-expected retreat from 1.2475 suggests a... - Jan 26 10:42 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 27 21:59 GMT

Action Bias

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

Fundamental Analysis Reports

Signs of Cyclical Turn?
Jan 27 16:56 GMT, by Lloyds TSB
Equities followed the now familiar pattern of 2012: a more cautious close following earlier gains. Nevertheless US, Euro area and UK bourses looked like closing another week in positive territory, a ...
Weekly Focus: Dovish Fed Keeps All Options Open
Jan 27 16:49 GMT, by Danske Bank
The Fed statement was surprisingly dovish in light of recent encouraging US data. We now do not expect Fed to hike the fed funds rate until mid-2014. In the euro area better-than-expected PMIs sug...
US: A Soft GDP Report, QE3 More Likely
Jan 27 16:41 GMT, by Danske Bank
While growth disappointed in Q4 we still see scope for growth in the area of 2.5% in 2012. Consumption growth is underpinned by decent income growth as employment is picking up and inflation has come...
Does Weaker GDP Mean Pricing in QE3 and A Weaker USD
Jan 27 16:16 GMT, by FXTimes
Today's US GDP data was interesting in that it came in weaker than expected and breaking down the report we see that personal consumption was pretty soft and much of the gain in the fourth quarter ca...
GDP: Modest Growth Continues - Sustained Expansion Ahead
Jan 27 15:08 GMT, by Wells Fargo Securities
Sustained growth - either boom nor bust - remains the theme for this economy and has been our outlook now for some time. Real GDP rose at a 2.8 percent pace in the fourth quarter and is up 1.6 percen...
US Q4 GDP Weak, Focus on EU Summit Dead ahead
Jan 27 15:00 GMT, by Saxo Bank
Asset markets backed off the bid again today after a lacklustre US GDP report - particularly given the high expectations. The market will quickly forget about this one as the EU summit lies dead ahea...
All Daily Fundamental Reports >>

Technical Analysis Reports

January Month-End Rebalancing
Jan 27 16:19 GMT, by Forex.com
Often you may hear about 'month end' flows having a positive or negative effect on a currency during the last few days of the month. Thus, I've decided to take a look at asset market capitalizations ...
GBP/USD Forms Double Top as Market Breaks 1.5660
Jan 27 16:14 GMT, by FXTimes
The GBP/USD has been resilient, but the bull run since 1/27 Asian-European session could not clear the 1/26 high at 1.5733. After the US stock market opened at 9:30 AM EST, the GBP/USD started to tur...
USDJPY: Bears Take Control, Risk Seen Towards The 76.54 Level
Jan 27 16:01 GMT, by FXTechstrategy
USDJPY: The pair is now on a second day of sell off following its failure to continue its recovery strength started from the 76.54 level. It looks like USDJPY could be building up downside momentum w...
USD/CAD Falls Below Parity with First Support Pivot at 0.9883
Jan 27 14:54 GMT, by FXTimes
The 4H USD/CAD continues it's decline below triangle support and below a support area around 1.0070. In the 1/27 Asian-European session, it is confirming the bearish outlook after a brief pullback in...
EUR/USD Bounces off 1.3077 Pivot; Bullish Momentum Intact with Room to 1.32
Jan 27 13:17 GMT, by FXTimes
The corrective decline yesterday did not last long as the market found support in the 1/27 Asian session at the 1.3075-1.3080 pivot area seen more clearly in the 4H chart. The 1H chart shows that thi...
FX Thoughts for the Day
Jan 27 12:27 GMT, by Kshitij Consultancy Services
Cable has risen above 1.5700. However, it is not gaining upside momentum to extend its upmove strongly above 1.5700. The Resistance in 1.5710-25 region mentioned in our Morning comments is holding we...
All Daily Technical Reports >>

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Long Term Forecasts

Chinese Dragon To Unshackle Renminbi?
Jan 18 15:32 GMT, by Merk Hard Currency Fund
With the Year of the Dragon around the corner, will the renminbi be unshackled? Will there be a sur...
FX Forecast Update January 2012: Euro Pain - Stocky Gain
Jan 17 15:16 GMT, by Danske Bank
EUR/USD: Eurozone money market rates are expected to fall further and as a result we have opted to ...
U.S. Dollar & Currencies: Review and Outlook
Jan 05 17:22 GMT, by Merk Hard Currency Fund
U.S. Dollar & Currencies: Review and Outlook In 2012, policy makers around the world may be dr...
2012 Outlook: Uncertainty about Growth and Debts
Dec 27 11:16 GMT, by Jyske Bank
Following a fairly quiet beginning of the year, the second half of 2011 saw wide fluctuations and j...
1Q 2012 Markets Outlook: The Year of Living Dangerously Begins
Dec 26 09:19 GMT, by Forex.com
As we enter 2012, we expect investor risk sentiment to remain the principal driver of key markets' ...
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