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Mar 03 08:52 GMT

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Daily Report: Aussie Recovers as RBA Stands Pat
Mar 03 04:37 GMT, by ActionForex.com
Australia dollar recovered after RBA held the cash rate unchanged at 2.25%. Some economists expected a cut today and thus the reactions was a little surprise to the market. The central bank noted that having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being . However, it also noted ...

Technical Outlook

EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Price actions from 130.13 are viewed as a consolidation patter... - Mar 03 07:52 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP stays neutral for the moment. And we'll remain cautious on strong rebound and reversal from 0.... - Mar 03 07:50 GMT
EUR/AUD Daily Outlook
We maintained the view that the choppy decline from 1.4893 is merely a corrective pull back. Thus, while deeper fall mi... - Mar 03 07:42 GMT
EUR/CHF Daily Outlook
Intraday bias in EUR/CHF remains neutral for the moment. We'd maintain that recent rebound is merely a corrective move.... - Mar 03 07:41 GMT

Special Reports

China Watch: Flash PMI Signaled Manufacturing Activities Expanded. Deflation Risks Heightened, An Official Warned
Feb 25 10:36 GMT
China's flash manufacturing PMI by HSBC surprisingly drifted back to above 50, ...
Upbeat Yellen Signaled Fed's On Course For Hike Later This Year
Feb 25 06:29 GMT
Fed Chair Janet Yellen in the congressional testimony reiterated the message th...
A Third Of BOJ Members Skeptical Over The Inflation Target
Feb 23 10:49 GMT
The minutes for the January BOJ meeting unveiled that 3 out of the 9 members do...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9525
As the greenback has continued to trade with a firm bias, suggesting recent upmove is still in progress and further gain to 0.960... - Mar 03 08:11 GMT
Trade Idea: GBP/USD - Sell at 1.5450
As the British pound has recovered after holding above yesterday's low at 1.5352, suggesting consolidation would be seen and reco... - Mar 03 08:01 GMT
Trade Idea: EUR/USD - Buy at 1.1130 or sell at 1.1280
Although the single currency retreated after faltering below resistance at 1.1245 as well as the lower Kumo, as long as support a... - Mar 03 07:50 GMT
Trade Idea: USD/JPY - Hold long entered at 119.60
As dollar has retreated after rising to 120.27 yesterday, suggesting caution on our long position entered at 119.60 and 119.50-55... - Mar 03 07:38 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency has dropped late last week and a long black c... - Mar 02 10:17 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback found support around the Kijun-Sen last week and has rebound... - Mar 02 09:55 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
The single currency slipped this week after meeting resistance just below ... - Feb 27 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7265
Although the single currency resumed recent decline, as euro has rebounded after finding support at 0.7240, suggesting consolidat... - Mar 02 14:44 GMT
Trade Idea: USD/CAD - Turn long at 1.2445
As the greenback rebounded after finding support at 1.2388 last week, retaining our view that further consolidation would be seen... - Mar 02 14:35 GMT
Trade Idea: EUR/JPY - Stand aside
Despite Friday's brief fall to 133.44, lack of follow through selling on break of previous support at 133.55 and current rebound ... - Mar 02 09:39 GMT
Trade Idea : AUD/USD - Hold long entered at 0.7800
As aussie's retreat from last week's high of 0.7913 has kept price under pressure, suggesting near term downside risk remains, ho... - Mar 02 09:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback has rebounded again after finding support at 1... - Mar 02 10:37 GMT
EUR/USD Elliott Wave Analysis
Last week's breach of indicated support at 1.1270 suggests the reboun... - Mar 02 10:32 GMT
EUR/JPY Elliott Wave Analysis
The single currency slipped this week and weakness to 133.50 cannot b... - Feb 27 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Mar 03 08:45 GMT

Action Bias

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

Fundamental Analysis Reports

AUD Gains Amid Surprise RBA Inaction
Mar 03 08:18 GMT, by Swissquote Bank SA
Unexpectedly, the RBA kept its cash rate target unchanged at 2.25% citing that policy easing may still be appropriate in the future and further AUD depreciation should help balancing the growth (seen...
Dollar Profits (Temporary?) As Equities Rally
Mar 03 08:09 GMT, by KBC Bank
Yesterday, USD trading was mostly driven by technical considerations. USD/JPY tried to regain the 120 mark on higher yields and on a rally of equities. However, the gains cannot be sustained, for now...
USD/CAD Awaits Oil Signals
Mar 03 07:57 GMT, by Blackwell Global
A large consolidation pattern is forming between the US dollar and the Canadian dollar on the daily/H4 charts. The strength in the US dollar and weakness in the oil price has seen a large push up the...
Silver Touches Wedge And Dips
Mar 03 07:53 GMT, by Blackwell Global
The silver wedge continues to tighten as markets look to shift into a lower gear and drop down the charts. The question is how much further can we drop at present with the silver market looking very ...
Carney Testimony Takes Centre Stage As RBA Holds Rates
Mar 03 07:44 GMT, by MarketPulse
A record close in the Dow overnight, a near record in the S&P and the first break through 5,000 in the NASDAQ since March 2000, got the week off to a very positive start on Monday and has set the...
Euro Zone Inflation Rebounds In February, Unemployment Rate Falls
Mar 03 07:32 GMT, by Dukascopy Swiss FX Group
Inflation in the currency bloc rebounded somewhat in February from the recent six-year low, moving closer to positive territory. Nevertheless, the indicator has remained in red for the third consecut...
All Daily Fundamental Reports >>

Technical Analysis Reports

EURUSD: Will Support Become Resistance? Kee An Eye On 1.1260/70
Mar 03 08:30 GMT, by Elliott Wave Financial Service
EURUSD broke through 1.1260 support last week with a strong decline and weekly close outside of the range, so we assume that corrective blue wave (4) is now finally complete. If that's the case then ...
Daily FX Report
Mar 03 06:53 GMT, by Varengold Bank
The dollar climbed to its highest level in more than a decade as U.S. economic reports bolstered speculation the Federal Reserve will raise interest rates before the end of the year amid a wave of mo...
Foreign Exchange Market Commentary
Mar 03 03:41 GMT, by HY Markets
THE EURO closed lower on Monday as it extends last week's decline. The midrange close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI remain n...
Daily Technical Analysis
Mar 03 03:33 GMT, by FX Instructor
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.1245. A clear break above that area could trigger further bullish pullback testing 1.12...
Market Morning Briefing
Mar 03 03:32 GMT, by Kshitij Consultancy Services
The Euro (1.1192) appears poised for a decline towards 1.1045 in a few days. A break below 1.1114 needed to confirm. Resistances on the upside are 1.1270 and 1.1340. Further profit-taking in Dollar-Y...
AUD/USD – Has Eyes Back On Support At 0.77 Again
Mar 03 02:17 GMT, by MarketPulse
After finally springing to life in the middle of last week, the Australian dollar dropped sharply to close out the week and fall back down below 0.7800 again to more familiar territory below the resi...
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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