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Feb 10 08:36 GMT

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Daily Report: Dollar Mixed as Markets Await Fed Chair Yellen
Feb 10 03:42 GMT, by ActionForex.com
US markets ended mildly lower last night after see-saw price actions. DJIA lost -12.67 pts or -0.08% to close at 16014.38 while S&P 500 lost -1.23 pts or -0.07% to close at 1852.21. Crude oil finally let go out 30 handle and dipped to as low as 27.74 and is trading around 28.4 for the moment. 10 year yield breached 1.7 briefly to 1.699 but rec...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains on the downside for 163.96 low. Break will confirm resumption of larger fall from 195.... - Feb 10 08:23 GMT
EUR/JPY Daily Outlook
EUR/JPY recovered after dipping to 128.26 and intraday bias is turned neutral again. Outlook is rather mixed for the ne... - Feb 10 08:15 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains on the upside for the moment. Current rally fro 0.6935 should target next long term fi... - Feb 10 08:07 GMT
EUR/AUD Daily Outlook
The break of 1.6075 resistance confirmed resumption of rise from 1.4347. Intraday bias remains on the upside for 61.8% ... - Feb 10 08:06 GMT

Special Reports

BOE United Again To Keep Policy Rate On Hold. GDP And Inflation Forecasts Downgraded
Feb 05 06:02 GMT
Joining the more dovish stance of other central banks in the advanced economy, ...
FX 2016: Avoid Illusioned By Near-Term Euro Strength
Feb 04 09:42 GMT
EURUSD has breached the upper boundary of recent trading range. Rather than imp...
RBA Keeps Its Powder Dry, Leaves Door Open For Rate Cut
Feb 02 04:52 GMT
As universally expected, the RBA left the cash rate unchanged at 2% in February...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Sell at 0.9820
As dollar has remained under pressure after recent selloff, bearishness remains for the major fall from 1.0328 top to extend furt... - Feb 10 08:00 GMT
Trade Idea: GBP/USD - Buy at 1.4410
Although cable has retreated after yesterday's rebound to 1.4516 and consolidation below this level would be seen initially, reck... - Feb 10 07:50 GMT
Trade Idea: EUR/USD - Buy at 1.1225
As the single currency has eased after rising to 1.1338 yesterday, suggesting minor consolidation below this level would be seen ... - Feb 10 07:45 GMT
Trade Idea : USD/JPY - Sell at 115.85
As the greenback has remained weak after last week's selloff, suggesting recent decline from 125.86 top is still in progress and ... - Feb 10 07:34 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency has finally rallied last week and broke above resistan... - Feb 09 10:56 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback ran into heavy offers at 121.69 and dropped sharply last wee... - Feb 09 10:21 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Euro's anticipated rebound from 126.17 adds credence to our view that a te... - Feb 05 09:40 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7755
The single currency only eased to 0.7661 (we recommended in our previous update to buy at 0.7645 and missed the long entry) befor... - Feb 09 14:44 GMT
Trade Idea: USD/CAD - Buy at 1.3785
As the greenback staged a strong rebound after falling to 1.3639 last week, suggesting a temporary low has been formed there and ... - Feb 09 14:39 GMT
Trade Idea: EUR/JPY - Sell at 129.50
The single currency has dropped sharply after meeting renewed selling interest at 130.91 yesterday, signaling top has been formed... - Feb 09 09:44 GMT
Trade Idea: AUD/USD - Sell at 0.7125
Although aussie rose to as high as 0.7243 late last week, the subsequent selloff suggests top has possibly been formed there and ... - Feb 09 09:36 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
The single currency did hold right at the trendline support and stage... - Feb 09 11:20 GMT
USD/JPY Elliott Wave Analysis
Despite rising to 121.69 late last month, the subsequent reversal tog... - Feb 09 11:10 GMT
EUR/JPY Elliott Wave Analysis
Euro's rebound after holding above previous support at 126.09 suggest... - Feb 05 10:41 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Feb 10 08:30 GMT

Action Bias

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

German Industrial Production Slides In December, Exports And Imports Decline
Feb 10 08:16 GMT, by Dukascopy Swiss FX Group
German industrial production unexpectedly dropped for a second consecutive month in December, while exports and imports also declined, indicating that the Euro zone's number one economy ended last ye...
US Jobs Opening Increase In December
Feb 10 08:15 GMT, by Dukascopy Swiss FX Group
The number of job openings in the US surged more than expected in December, adding to signs that the labour market continues to improve. According to the Labor Department, US companies advertised 4.9...
UK Retail Sales Rise More Than Expected In January, Trade Gap Widens
Feb 10 08:14 GMT, by Dukascopy Swiss FX Group
The UK retail spending growth hit the highest level in four month in January, as consumers bought more big-ticket items like furniture. The British Retail Consortium reported retail sales values jump...
Yellen Testimony Eyed As Markets Price Out Hikes
Feb 10 08:07 GMT, by MarketPulse
European indices are expected to open a little higher on Wednesday despite another negative lead from the US and Asia overnight and as both macro and domestic issues continue to weigh. Futures remain...
Investors Turn To Yellen Amid Market Turmoil
Feb 10 08:04 GMT, by ForexTime
The heightened sense of pessimism towards the global economy has intensified the dosage of risk aversion, consequently leaving global stocks vulnerable to steeper losses this trading week. European e...
Lower Levels For Crude Oil Prices Likely To Persist
Feb 10 07:05 GMT, by Blackwell Global
As the world focuses upon the growing uncertainty around equities, the downside risks for crude oil continue to mount. As the commodities price remains severely depressed below the $30 handle, some a...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Breaches 1.1250, Sets Eye On 1.1330
Feb 10 08:35 GMT, by Dukascopy Swiss FX Group
Continuous worries about global economy helped the Euro in gaining more strength on Tuesday. EUR/USD penetrated the last monthly resistance line (monthly R3) at 1.1246 and closed the daily session ne...
USD/JPY: Market Turmoil Remains
Feb 10 08:33 GMT, by Dukascopy Swiss FX Group
The USD/JPY settled in front of the immediate support cluster yesterday, managing to partially recover from the daily low of 114.20. Demand for safe-haven assets such as the Yen remains high, thus, w...
GBP/USD Enjoys Quiet Trade Ahead Of Fundamental Data
Feb 10 08:31 GMT, by Dukascopy Swiss FX Group
On Tuesday demand at the immediate support cluster triggered a buying spree of the Cable, causing the pair to recover and stabilise just above the closest resistance level. Technical indicators now s...
Gold Is Contained By October 2015 High
Feb 10 08:29 GMT, by Dukascopy Swiss FX Group
The seven-day long rally of the bullion was ultimately limited by the 1,191/93 resistance area, where gold met the October high of the previous year and weekly R1. We are closely watching this supply...
CADJPY Extends Its Downside
Feb 10 06:47 GMT, by Admiral Markets
While pullbacks from 79.00 mark propelled the CADJPY towards testing a month's high, the pair failed to clear the 87.00 – 87.40 broad resistance area, encompassing 50% Fibonacci Retracement of its Au...
Daily FX Report
Feb 10 06:44 GMT, by Varengold Bank
Oil prices slid for a fourth straight session on Tuesday and teetered close to 12-1/2-year lows hit last month, after weak demand forecasts from the U.S. government and the western world's energy wat...
All Daily Technical Reports >>

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Long Term Forecasts

WTI Crude Oil A Year Ahead - Trends And Expectations 2016
Dec 24 11:45 GMT, by MarketPulse
The second half of 2014 saw a sharp drop in the price of WTI Crude Oil, which had traded at $105 a ...
DAX Year Ahead – Trends And Expectations 2016
Dec 24 11:11 GMT, by MarketPulse
It has been another testing year for the German economy but once again it has shown the kind of str...
British Pound Year Ahead - Brexit To Dominate 2016
Dec 22 12:49 GMT, by MarketPulse
This has been something of a turnaround year for the UK in which unemployment has fallen back to pr...
Gold for Bear Market?
Oct 13 13:23 GMT, by Merk Hard Currency Fund
A "bear market" is frequently defined as a decline of at least 20% in the S&P 500 index. Troubl...
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...
All Long Term Forecasts >>
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