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Mar 30 09:19 GMT

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Daily Report: Markets Steady ahead of Busy Week
Mar 30 02:28 GMT, by ActionForex.com
Asian markets open mildly firmer as Nikkei is trading 50 up at the time of writing while HK HSI is up more than 1%. The forex markets are steady ahead of a event packed and holiday shortened weak. The major focus is the bunch of key data from US including PCE, ISMs and NFP. Fed chair Janet Yellen delivered rather cautious messages regarding rate h...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. Recovery from 1.0461 is expected to be limited by 1.1096 resis... - Mar 30 03:20 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Stronger recovery could be seen. But upside should be limited ... - Mar 30 03:17 GMT
USD/CHF Daily Outlook
As long as 0.9694 minor resistance holds, deeper fall is expected in USD/CHF. Break of 38.2% retracement of 0.8346 to 1... - Mar 30 03:15 GMT
USD/JPY Daily Outlook
With 119.98 minor resistance intact, deeper fall is expected in USD/JPY. Current decline from 122.01 is viewed as the t... - Mar 30 03:13 GMT

Special Reports

Aussie Remains Bearish amidst Soft Macroeconomic Outlook
Mar 26 12:33 GMT
Similar to other higher-yield currencies, Australian dollar rebounded against t...
Record Low UK Inflation Fueled Deflationary Risk
Mar 25 03:35 GMT
Headline CPI in the UK fell to 0% y/y in February, down from +0.3% in January t...
SNB Kept Rates Negative, Warned of High CHF and Downgraded Growth Outlook
Mar 19 11:39 GMT
The SNB left the sight deposit interest rate unchanged at -0.75% in March. The ...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9590
As the greenback found renewed buying interest at 0.9558 and has staged another rebound, suggesting temporary low has possibly be... - Mar 30 08:21 GMT
Trade Idea: GBP/USD - Stand aside
Cable met renewed selling interest at 1.4922 and has retreated again, suggesting another test of Friday's low at 1.4797 would be ... - Mar 30 08:15 GMT
Trade Idea : EUR/USD - Stand aside
Although euro's rebound from 1.0801 (Friday's low) turned out to be stronger than expected, the single currency met renewed selli... - Mar 30 08:05 GMT
Trade Idea: USD/JPY - Buy at 119.40
The greenback found renewed buying interest just above the lower Kumo and has staged another rebound, adding credence to our view... - Mar 30 07:46 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Although the single currency did stage the anticipated rebound to 131.51 (... - Mar 27 10:07 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
The retreat after early brief rise to 1.2835 suggests temporary top has po... - Mar 27 09:50 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency staged a strong rebound after finding renewed buying i... - Mar 26 10:21 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Despite Friday's fall to 129.03, the subsequent rebound has retained our view that further consolidation within early established... - Mar 30 09:13 GMT
Trade Idea: AUD/USD - Stand aside
Aussie's retreat from 0.7938 (last week's high) turned out to be stronger than expected and near term downside risk remains for w... - Mar 30 09:07 GMT
Trade Idea: EUR/GBP - Stand aside
Although the single currency has finally retreated after rising to 0.7385 earlier this week and consolidation below this level is... - Mar 27 14:47 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2470
As the greenback has rebounded after yesterday's brief fall to 1.2411, retaining our view that consolidation would be seen and as... - Mar 27 14:42 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Despite bouncing to 131.51 as suggested in our previous update, as th... - Mar 27 10:48 GMT
USD/CHF Elliott Wave Analysis
Despite yesterday's fall to 0.9491, the subsequent rebound suggests c... - Mar 27 10:40 GMT
EUR/GBP Elliott Wave Analysis
Euro's rebound from 0.7014 turned out to be stronger than expected, s... - Mar 26 11:00 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Mar 30 10:10 GMT

Action Bias

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

Comment: Yemen, Iran And The Price Of Oil
Mar 30 08:58 GMT, by ForexTime
Although the oil bulls attempted to use the news regarding a Saudi Arabian led coalition launching airstrikes in Yemen as a reason to push oil prices higher, the commodity has now erased all of its g...
EUR Weaker As Greek Risk Increase
Mar 30 08:41 GMT, by Swissquote Bank SA
The FX markets started the week in a subdued fashion with the USD slightly stronger verse G10 and EM currencies. In Asian equity markets, Chinese stocks were the big gainers with the Shanghai composi...
Central Bankers Give European Indices An Early Boost
Mar 30 08:37 GMT, by MarketPulse
European indices are eyeing a strong start to the week, following a positive close in Wall Street on Friday and similarly strong session in Asia overnight. Friday's late surge came as a result of som...
German Import Prices Rebound Along With Italian Retail Sales
Mar 30 08:03 GMT, by Dukascopy Swiss FX Group
According to the report of the Federal Statistical Office of Germany, Destatis, import prices in the Euro zone's biggest economy have jumped noticeably in February 2015, calculating on month-to-month...
US Economy Grew Less Than Expected In Fourth Quarter
Mar 30 08:00 GMT, by Dukascopy Swiss FX Group
American economy rose slightly less when compared with analysts' expectations in the last quarter of the previous year, mostly led by upbeat consumer spending which was the highest in eight years. GD...
UK House Prices Remain Under Pressure-Nationwide
Mar 30 07:58 GMT, by Dukascopy Swiss FX Group
Property prices in the United Kingdom have increased this month, even though growth remained subdued after strong gains a few years ago. According to Nationwide, the agency which is publishing housin...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDJPY Could Bounce From 118.50 For Another Leg Up
Mar 30 08:53 GMT, by Elliott Wave Financial Service
USDJPY moved to a new high at the start of March weeks back but then price turned down for nearly 270 pips, suggesting that bulls are slowing down. As such, we adjusted the wave count into an ending ...
EUR/USD Capped By Supply At 1.09
Mar 30 08:15 GMT, by Dukascopy Swiss FX Group
After being stopped by the Dec-Mar long-term downtrend line on Thursday, EUR/USD remained under pressure during last day of the week as well. Trading range was rather significant as it reached 150 pi...
GBP/USD Trapped Between 1.49 And 1.48
Mar 30 08:14 GMT, by Dukascopy Swiss FX Group
GBP/USD continues to consolidate. And while previously the currency pair was bound by 1.50 from above and by 1.47 from below, volatility since then has notably subsided. Now the upper and the lower l...
USD/JPY To Enjoy Strong Demand At 119.00
Mar 30 08:12 GMT, by Dukascopy Swiss FX Group
A recent test of resistance at 122.00 triggered a powerful bearish reaction, but now there is a good chance the bulls will soon regain control of the pair. At the moment USD/JPY is trading near a clu...
XAU/USD Fails To Prolong Recovery Above 1,200
Mar 30 08:09 GMT, by Dukascopy Swiss FX Group
Despite still trading above the long-term downtrend line at the moment, XAU/USD continues to show some bearish intentions on Monday, following a first decline in eight days back on Friday. The yellow...
Daily FX Report
Mar 30 05:07 GMT, by Varengold Bank
The dollar started trade on Monday pretty much where it closed in New York after the head of the U.S. central bank assured investors that the path back to 'normal' interest rates will only occur at a...
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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