|
|
|
|
Weekly Review and Outlook: Yen Fell on BoJ Speculation, Dollar Index at Critical LevelMar 13 20:27 GMT, by ActionForex.com The Japanese yen weakened broadly last week as solid economic data from China boosted investors' optimism for recovery and risk appetite. S&P 500 broke January's high of 1150 briefly before closing 1149.99. Nikkei also managed to rise 382 pts to close at 10751. There were also additional pressure to yen from speculation that Bank of Japan will expand monetary easing in the week's meeting. Swis...
|
|
|
Daily and Weekly Technical Outlook |
|
|
|
|
|
Special Reports |
Commodity Currencies Update: CAD to OutperformMar 11 10:50 GMT, by ActionForex.com We have revised up our forecasts on Canadian dollar given recent strong economic outlook and upbeat BOC statements. We believe CAD should strengthen a...
|
|
|
Candlesticks Trade Ideas |
Trade Idea: USD/CHF - Sell at 1.0700Mar 12 15:28 GMT, by ActionForex.com The greenback finally broke below indicated support at 1.0647-48, confirming our view that top has been formed at 1.0899 earlier and consolidation wit...
Trade Idea: GBP/USD - Sell at 1.5290Mar 12 15:29 GMT, by ActionForex.com Although intra-day rise to 1.5174 suggests a test of resistance at 1.5197 is likely, break there is needed to confirm another leg of corrective upmove...
|
|
|
Candlesticks & Ichimioku Analysis |
|
|
|
|
|
Elliott Wave Trade Ideas |
Trade Idea: EUR/JPY - Buy At 122.80Mar 12 10:06 GMT, by ActionForex.com Current firmness suggests the rise from 119.66 low is still in progress and further gain towards resistance at 125.24 would be seen, however, break th...
Trade Idea: AUD/USD - Buy At 0.9035Mar 12 10:05 GMT, by ActionForex.com As aussie has maintained a firm undertone after early rise to 0.9193, suggesting the rise from 0.8567 is still in progress and further gain to 0.9240/...
|
|
|
|
|
|
|
|
|
Daily and Weekly Fundamental Reports |
EMU Economic Indicators PreviewMar 13 06:34 GMT, by BHF-BANK The German ZEW economic sentiment could have continued deteriorating in March, as the correlated indicators sent rather negative signals. The ifo business expectations have improved, but the US ISM ma...
Weekly Economic and Financial CommentaryMar 13 06:30 GMT, by Wachovia Corporation February's retail sales report was easily the best economic news released this week. Overall sales rose 0.3 percent during February, with strong gains reported across nearly every major category. Sale...
The Weekly Bottom LineMar 13 06:17 GMT, by TD Bank Financial Group It looks good so far, but mostly just on paper. As of yet, the recovery from the Great Recession has largely been a balance sheet affair. This week marked the one year anniversary (March 9th) of the s...
The Week AheadMar 13 06:01 GMT, by Forex.com As we suggested last week, risk appetites improved a bit further this past week and most risky assets advanced, with the notable exception of precious metals and commodities. In FX, the clear standout...
Dollar Index Falls to Important SupportMar 13 05:57 GMT, by CMS Forex The dollar, while unchanged versus the yen, was down on Friday and for the week against other major currencies. Reports of the appointment of Janet Yellen as Federal Reserve Vice Chairman reduced the...
|
|
|
|
|
Daily and Weekly Technical Reports |
Chart of The Day: USD/CADMar 12 17:58 GMT, by FX Solutions Bearish price action on USD/CAD, a daily chart of which is shown, has finally made a tentative breakdown below the key 1.0200 support level after respecting this level several times this week. Friday’...
USD/CAD Eyes ParityMar 12 14:13 GMT, by CMS Forex 4H: The USD/CAD attemped to rally but was quickly subdued in the last session. Looking at the 4H time-frame, we see that the signal was spotted prematurely, and the same candle that would have broken...
EUR/USD Test of Rounded BottomMar 12 13:42 GMT, by CMS Forex The EUR/USD pair continues to be supported above the 1.3450 support. This week, the market closed above 1.35 and appears to be creating a rounded bottom. Today's rally so far heightens that probabilit...
FX Thoughts for the DayMar 12 12:51 GMT, by Kshitij Consultancy Services Cable has broken above the Resistance at 1.5100-30 region and is now trading higher. The Home price data release which showed the fastest pace of increase in the UK house prices in more than seven yea...
|
|
|
|
|
|
Action Insight Newsletter |
|
|
|
Interest Rates |
 0.25% |
 1.00% |
 0.10% |
 0.50% |
 0.25% |
 0.25% |
 4.00% |
 2.50% |
|
|
Speeches and Publications |
|
|
| Forex Top Movers |
Ccy Heat Map |
| Pair | Rate | Chng % |
|---|
| CHFJPY | 85.59 | +1.04% |
| GBPJPY | 137.68 | +1.01% |
| USDCHF | 1.0576 | -1.00% |
| GBPAUD | 1.6616 | +1.00% |
| GBPUSD | 1.5205 | +0.95% |
| EURJPY | 124.67 | +0.70% |
|
| USD |
|---|
| EUR | |
| JPY | |
| GBP | |
| CHF | |
| CAD | |
| AUD | |
|
| Action Bias & Pivot Points |
| Currency |
Last |
Bias |
S1 |
R1 |
| EURUSD |
1.3768 | Neutral | 1.3637 | 1.3705 |
| USDJPY |
90.55 | Neutral | 90.24 | 90.74 |
| GBPUSD |
1.5201 | Up | 1.4981 | 1.5102 |
| USDCHF |
1.0577 | Down | 1.0664 | 1.0715 |
| USDCAD |
1.0191 | Neutral | 1.0204 | 1.0297 |
| AUDUSD |
0.9150 | Down | 0.9118 | 0.9177 |
|
|
|
|
|
|
