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Jan 28 20:12 GMT

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US Session: Orders and Options Watch
Jan 28 15:40 GMT, by ActionForex.com
EUR: The single currency traded narrowly today as traders await FOMC, offers remain at 1.1380-85 and also in good size at 1.1420-30 (some stops above), more sell orders are expected further out at 1.1450-60 and 1.1490-00. On the downside, bids at 1.1330 were filled but buy orders are still noted at 1.1300-10 and 1.1260-70, buying interest is locat...

Technical Outlook

USD/CAD Mid-Day Outlook
Intraday bias in USD/CAD remains neutral for consolidation below 1.2499 temporary. Downside of retreat should be contai... - Jan 28 13:30 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.4950 continues. Near term outlook stays bearish wi... - Jan 28 13:28 GMT
USD/JPY Mid-Day 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 13:26 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral as consolidation from 1.1096 temporary low continues. Upside of recovery shoul... - Jan 28 13:24 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
The greenback has remained confined within near term range after retreating from yesterday's high of 0.9168 and further consolida... - Jan 28 16:08 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day rebound to 1.5219, as the British pound has retreated after faltering below yesterday's high of 1.5223, suggest... - Jan 28 16:02 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although euro's retreat after yesterday's rise suggests consolidation below this level would be seen and weakness to 1.1300 canno... - Jan 28 15:57 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Despite intra-day initial bounce to 118.26, as dollar has retreated again since, adding credence to our view that further consoli... - Jan 28 15:49 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Aussie met renewed selling interest right at the lower Kumo last week and ... - Jan 28 10:46 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie resumed recent decline after meeting renewed selling inter... - Jan 28 09:12 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound briefly recovered to 1.5213 last week and renewed sellin... - Jan 27 08:36 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7600
Euro's near term sideways trading is likely to continue and as long as this week's low at 0.7405 holds, mild upside bias is seen ... - Jan 28 15:23 GMT
Trade Idea: USD/CAD - Hold short entered at 1.2400
Although the greenback retreated from 1.2501, lack of follow through selling on break of 1.2400-05 suggests consolidation would b... - Jan 28 15:18 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency edged higher again after staging a strong rebound from this week's low at 130.15, retaining our view that ... - Jan 28 10:10 GMT
Trade Idea: AUD/USD - Buy at 0.7950
As aussie has rebounded again after finding renewed buying interest at 0.7900, suggesting further consolidation above this week's... - Jan 28 10:07 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CHF Elliott Wave Analysis
The single currency tumbled earlier this month as SNB removed minimum... - Jan 28 11:51 GMT
AUD/USD Elliott Wave Analysis
The Australian dollar did resume recent downtrend after meeting renew... - Jan 28 11:42 GMT
GBP/USD Elliott Wave Analysis
Although the British pound met renewed selling interest at 1.5213 and... - Jan 27 10:15 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jan 28 20:05 GMT

Action Bias

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

GBP/USD - Stable Ahead of Fed Statement, Carney Remarks
Jan 28 17:34 GMT, by MarketPulse
The pound has shown limited movement on Wednesday, as GBP/USD is trading in the mid-1.51 range. On the release front, BOE Governor Mark Carney will deliver remarks at an event in Dublin. In the US, a...
USD/CAD - Steady Ahead of Fed Policy Statement
Jan 28 16:26 GMT, by MarketPulse
The Canadian dollar is steady on Wednesday, as USD/CAD trades in the mid-1.24 range. In the US, the Federal Reserve will issue its monthly policy statement. Crude Oil Inventories slipped to 8.9 milli...
AUD/USD - Steady on Mixed Australian Consumer Inflation Reports
Jan 28 15:40 GMT, by MarketPulse
AUD/USD continues to have a quiet week, as the pair trades in the mid-0.79 range on Wednesday. On the release front, Australian CPI slipped to 0.2%, but Trimmed Mean CPI improved to 0.7%. In the US, ...
Asia FX Fight Back: Will More Countries Follow Singapore?
Jan 28 13:50 GMT, by Forex.com
The Monetary Authority of Singapore (MAS) bit the bullet and joined a wave of other major global central banks by loosening monetary policy today. The MAS, who use the Singapore dollar as its main cu...
Gold in Holding Pattern Ahead of FOMC Statement
Jan 28 13:48 GMT, by MarketPulse
Gold is steady on Wednesday, following gains a day earlier. In the European session, the metal is trading at a spot price of $1292.10. In the US, the markets are keeping a close eye on the FOMC State...
USD/JPY - Unchanged Ahead of Fed Statement, Japanese Retail Sales
Jan 28 13:47 GMT, by MarketPulse
The Japanese yen has been marked by choppy trade on Wednesday, as USD/JPY trades just shy of the 118 line early in the North American session. On the release front, Japan will release Retail Sales la...
All Daily Fundamental Reports >>

Technical Analysis Reports

NZDUSD: Central Bank Divergence
Jan 28 17:39 GMT, by Forex.com
Despite the lack of market moving economic releases being revealed this morning, it is still a buzzy morning in North American trade. The reason why spirits are high is due to the Federal Reserve mak...
WTI Lower as Crude Stocks Surpass 400m Barrels for First Time
Jan 28 17:37 GMT, by Forex.com
US crude oil has been unable to build on its gains from yesterday and at around $45 a barrel it remains near the lower end of its recent consolidative range, therefore in danger of breaking further l...
USDJPY: Will the Fed Provide a Shot of Adrenaline?
Jan 28 13:52 GMT, by Forex.com
The sun rises on a new trading day, and traders rolled out of bed particularly eagerly today in anticipation of the Fed's monetary policy announcement. With a staggering number of central banks acros...
EUR/USD Surpasses Weekly PP
Jan 28 10:00 GMT, by Dukascopy Swiss FX Group
A strong correction of the Euro to the upside continued back on Tuesday. Bulls managed to push the cross above weekly pivot point at 1.1332 and consolidate above this resistance line, thus closing th...
GBP/USD Is Headed Towards 1.53
Jan 28 09:59 GMT, by Dukascopy Swiss FX Group
Not only did GBP/USD break the weekly PP, it also jumped over a cluster of resistances at 1.5168/45 (weekly R1, monthly S3 and 20-day SMA). Accordingly, the bulls may well push the price even higher,...
USD/JPY Stuck In A Sideways Trend
Jan 28 09:58 GMT, by Dukascopy Swiss FX Group
USD/JPY keeps trading between 119 and 117 for a seventh day in a row, even though the informational background is far from quiet. Eventually the bulls are expected to gain the upper hand and overcome...
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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