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Feb 12 09:41 GMT

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Daily Report: Nikkei Drops further as Japan FM Warn on Yen Strength
Feb 12 06:19 GMT, by ActionForex.com
Stocks remain generally under pressure in Asian session today. Japan is back from holiday with Nikkei plunged to the lowest point in more than a year before paring some loss. Nikkei still trading down -640 pts, or -4.1% at the time of writing and is threatening 15000 handle. Japan finance minister Taro Aso warned investors about the strength in ye...

Technical Outlook

USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. At this point, the pair is staying above 1.3456 resistance tur... - Feb 12 08:42 GMT
AUD/USD Daily Outlook
Outlook in AUD/USD is unchanged. Corrective rebound from 0.6826 should have completed at 0.7241 already. Deeper fall sh... - Feb 12 08:39 GMT
EUR/USD Daily Outlook
Further rise remains in favor with 1.1159 minor support intact. Sustained break of 100% projection of 1.0517 to 1.1059 ... - Feb 12 08:29 GMT
GBP/USD Daily Outlook
Outlook in GBP/USD is unchanged. The rebound from 1.4079 has completed at 1.4667 already. Further fall should be seen f... - Feb 12 08:25 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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9700
Dollar's rebound after falling to 0.9661 yesterday has retained our view that consolidation above this level would be seen and mi... - Feb 12 08:23 GMT
Trade Idea: GBP/USD - Stand aside
Despite yesterday's fall to 1.4383, as the British pound has rebounded after holding above indicated support at 1.4378, retaining... - Feb 12 08:06 GMT
Trade Idea: EUR/USD - Buy at 1.1225
As the single currency has retreated after rising to 1.1377, suggesting consolidation below this level would be seen and pullback... - Feb 12 07:57 GMT
Trade Idea : USD/JPY - Stand aside
Although the greenback has retreated after faltering below indicated resistance at 113.20 and consolidation with mild downside bi... - Feb 12 07:44 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

USD/CAD Candlesticks and Ichimoku Analysis
As the greenback rebounded after falling to 1.3639 last week, suggesting c... - Feb 12 08:58 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi found renewed buying interest at 0.6417 and staged a much st... - Feb 11 09:25 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie has retreated again after meeting resistance at 0.7243 and... - Feb 11 09:03 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Although the single currency had found renewed buying interest at 0.7713 (just took our stop at 0.7720) and staged the anticipate... - Feb 11 14:44 GMT
Trade Idea: USD/CAD - Target met and stand aside
The greenback has rebounded again today and broke above previous resistance at 1.3978, adding credence to our view that a tempora... - Feb 11 14:36 GMT
Trade Idea: EUR/JPY - Sell at 127.30
Euro's decline gathered momentum after meeting renewed selling interest at 130.27 earlier this week and price broke below previou... - Feb 11 10:07 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie ran into selling interest at 0.7153 and has dropped quite sharply from there, break of indicated support at 0.697... - Feb 11 09:59 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CHF Elliott Wave Analysis
Although the single currency extended recent rise to as high as 1.120... - Feb 11 10:30 GMT
AUD/USD Elliott Wave Analysis
As aussie ran into heavy offers at 0.7243 last week and has retreated... - Feb 11 10:23 GMT
GBP/USD Elliott Wave Analysis
Although the British pound rebounded last week to as high as 1.4669, ... - Feb 10 10:35 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Feb 12 09:35 GMT

Action Bias

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

RBA To Keep Rates Unchanged Throughout 2016
Feb 12 09:24 GMT, by Dukascopy Swiss FX Group
Testifying before the House of Representatives Economics Committee, RBA Governor Glenn Stevens said that the Australian economy continued to grow at a sub-trend pace, but a weaker Aussie Dollar and e...
Fed Studies Negative Rate Possibility, Unemployment Claims Decline
Feb 12 09:23 GMT, by Dukascopy Swiss FX Group
During the second-day testimony to Congress Fed Chairwoman Janet Yellen stressed that the US central bank was not on a 'pre-set' path to normalize the monetary policy amid deteriorating meltdown in g...
Financial Markets Stabilise Before The Week-End, USD In Demand
Feb 12 09:18 GMT, by Swissquote Bank SA
Crude oil printed a fresh 13-year low yesterday during the US session. The US crude benchmark, the West Texas Intermediate, fell another 3.70% on Thursday before bouncing back in overnight trading as...
Intervention Speculation Blocks Downside In USD/JPY
Feb 12 08:42 GMT, by KBC Bank
Yesterday, a new risk-off selling wave hit the dollar hard. USD/JPY dropped to the 111 area. From there, speculation on BOJ interventions capped the rise of the yen. The losses of the dollar against ...
AUD/USD: Aussie Trading Lower In The Asian Session
Feb 12 08:10 GMT, by GCI Financial
The pair is expected to find support at 0.7025, and a fall through could take it to the next support level of 0.6932. The pair is expected to find its first resistance at 0.717, and a rise through co...
EUR/USD: Euro Trading Lower, Ahead Of Q4 Flash GDP Data Across The Eurozone
Feb 12 08:09 GMT, by GCI Financial
The pair is expected to find support at 1.1258, and a fall through could take it to the next support level of 1.1216. The pair is expected to find its first resistance at 1.1359, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

ABC Zigzag Patterns Connect Waves In FX Market
Feb 12 07:17 GMT, by Admiral Markets
The EUR/USD respected the resistance trend line (orange) and is forming a minor rising wedge chart pattern (orange/green). Price still has some space left before it hits major horizontal resistance (...
USDCHF Struggles Near 200-Day SMA
Feb 12 07:15 GMT, by Admiral Markets
Following its break of month-old ascending trend-channel, the USDCHF plunged to nearly four month lows; however, the pair failed to close below the 200-day SMA, near to the 50% Fibonacci Retracement ...
Daily FX Report
Feb 12 06:55 GMT, by Varengold Bank
U.S. crude slid on Thursday, hitting 12-year lows as domestic stockpiles grew, Goldman Sachs called for depressed prices until the second half of the year and investors fled from equities and other r...
Daily Technical Outlook And Review
Feb 12 05:49 GMT, by IC Markets
Going into yesterday's London open the EUR extended higher, breaking above psychological resistance 1.1300 and colliding into H4 resistance penciled in at 1.1349. Following this, price moved very lit...
Foreign Exchange Market Commentary
Feb 12 04:00 GMT, by HY Markets
Risk aversion reached a new peak this Thursday, as oil prices plummeted towards $26.00 a barrel before bouncing some, while worldwide stocks sunk with the banking sector leading the decline amid incr...
Market Morning Briefing
Feb 12 03:45 GMT, by Kshitij Consultancy Services
Dollar-Yen (112.22) is experiencing sharp expansion in volatility touching 110.96 yesterday (last seen in 2014) on the downside. There is speculation that the Central bank may intervene to keep a che...
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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