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Mar 06 11:02 GMT

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European Session: Orders and Options Watch
Mar 06 09:14 GMT, by ActionForex.com
EUR: The single currency has remained under pressure after meeting renewed selling interest at 1.1115 yesterday, bids and stops at 1.1000 were tripped, however, buy orders are still noted at 1.0975-80 (related to barrier at 1.0975) and 1.0950-60, buying interest is tipped further out at 1.0930 and 1.0900. On the upside, offers are now seen at 1.10...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Current downtrend should target next fibonacci level a... - Mar 06 08:17 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for the moment. As noted before, corrective rebound from 1.4950 has co... - Mar 06 08:14 GMT
USD/JPY Daily Outlook
USD/JPY is still staying below 120.46 and intraday bias stays neutral. Overall, the pair is bounded in the sideway cons... - Mar 06 08:12 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for the moment. Current rebound would now target a test on 1.0239 resist... - Mar 06 08:08 GMT

Special Reports

ECB Unveiled Details Of Additional QE, Raised Growth Outlook
Mar 06 02:02 GMT
The ECB unveiled details of how the additional QE program would be implemented....
BoC Left Rate Unchanged, Stance More Neutral
Mar 05 02:32 GMT
As expected, the BOC left the monetary policy unchanged in March, following a s...
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, ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9595
As the greenback has maintained a firm undertone after this week's rally, adding credence to our view that recent upmove is still... - Mar 06 08:28 GMT
Trade Idea: GBP/USD - Stand aside
As cable has remained under pressure after this week's selloff, adding credence to our view that recent upmove from 1.4951 low ha... - Mar 06 08:15 GMT
Trade Idea: EUR/USD - Stand aside
As the single currency has fallen again after intra-day brief bounce to 1.1115, suggesting recent decline is still in progress an... - Mar 06 08:07 GMT
Trade Idea: USD/JPY - Stand aside
Although yesterday's breach of previous resistance at 120.27 signals near term upside risk remains for further gain to previous c... - Mar 06 07:58 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
This week's selloff adds credence to our view that rebound from 130.15 has... - Mar 06 10:26 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
The greenback met resistance at the Kijun-Sen and has retreated, retaining... - Mar 06 10:08 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has fallen again after brief recovery, adding crede... - Mar 05 08:53 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Hold short entered at 133.20
Despite yesterday's brief bounce to 133.59, as the single currency met renewed selling interest there and has fallen again, addin... - Mar 06 09:45 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
Aussie retreated after meeting resistance at 0.7861 earlier this week, suggesting further consolidation would be seen, however, a... - Mar 06 09:36 GMT
Trade Idea: EUR/GBP - Stand aside
The single currency fell again today and has remained under pressure, suggesting near term downside risk remains for recent decli... - Mar 05 15:20 GMT
Trade Idea: USD/CAD - Stand aside
As the greenback slipped again today, dampening our bullishness and further consolidation would be seen, however, still reckon do... - Mar 05 15:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has remained under pressure, adding credence t... - Mar 05 10:17 GMT
USD/CAD Elliott Wave Analysis
As the greenback has retreated after meeting resistance at 1.2565 ear... - Mar 05 10:11 GMT
AUD/USD Elliott Wave Analysis
Although aussie retreated after early rebound to 0.7913, as long as i... - Mar 04 10:00 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Mar 06 10:55 GMT

Action Bias

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

Fundamental Analysis Reports

European Market Update: Markets Prepared For Chaotic US Data Release As Washington Has Delayed Open Due To Weather-Related Issues
Mar 06 10:32 GMT, by Trade The News
FX price action was relatively subdued ahead of the US Feb payroll report but the USD remained firm. The EUR/USD continued to hit fresh 11-year lows in the aftermath of ECB's post rate decision press...
EUR Sell-Off Intensifies Post-Draghi, GBP Slides
Mar 06 10:26 GMT, by Swissquote Bank SA
The BoE and the ECB maintained the status quo at their March meeting. In the UK, it has been six full years that the BoE stays at 0.5% record low interest rate and has no reason to rush to normalizat...
Greenback Extend Gains Before US Jobs
Mar 06 08:42 GMT, by Swissquote Bank SA
Today's key event is the US jobs data. Amid good ADP read on Wednesday, the consensus for the NFP is a strong 235K (vs. 257K last month) with lower unemployment rate (5.6% vs. 5.7% last) and higher w...
ECB Press Conference Doesn't Halt Euro Decline
Mar 06 07:46 GMT, by KBC Bank
The euro spiked briefly higher during the ECB press conference as Draghi sounded optimistic on the EMU economy. However, we the start of QE looming, selling interest raptured very soon. EUR/USD teste...
ECB Ready To Launch QE On March 9, Revises Its Growth And Inflation Outlook
Mar 06 07:38 GMT, by Dukascopy Swiss FX Group
The European Central Bank will start its quantitative easing programme as soon as next Monday, March 9, Mario Draghi, central bank Governor announced on Thursday. The central bank also decided to lea...
Initial Jobless Claims Rise, While US Productivity Declines In Q4
Mar 06 07:37 GMT, by Dukascopy Swiss FX Group
The number of Americans filling new claims for unemployment benefits rose in the week ended February 28, breaking above 300,000 threshold. Initial jobless claims across the US increased to a seasonal...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Mar 06 09:30 GMT, by Windsor Brokers Ltd
The Euro probed below 1.10 support for the first time since Sep 2003, after ECB revealed details of bond-buying programme. Strong bearish tone persists on all timeframes and sees scope for further de...
GOLD: Bearish Continuation Pattern Is Pointing To 1170/75
Mar 06 09:13 GMT, by Elliott Wave Financial Service
Gold will stay bearish it seems, for a break beneath 1190 as recent sideways price action looks corrective because of slow and even overlapping waves. As such, we assume that this is wave (iv), proba...
EUR/USD Plunges Below 1.10 For First Time Since 2003
Mar 06 08:55 GMT, by Dukascopy Swiss FX Group
As estimated, downward pressure on the EUR/USD currency pair remained strong yesterday, caused by the ECB monetary policy meeting in Cyprus. The bears have even managed to send the pair below 1.10 fo...
GBP/USD Slumps For The Fourth Day
Mar 06 08:53 GMT, by Dukascopy Swiss FX Group
On Thursday, the GBP/USD pair did not surprise with its behaviour, as it slumped again for the fourth consecutive day. The Sterling tested the weekly S2 support at 1.5219 but failed to breach it. Ult...
USD/JPY: Correction To Take Place
Mar 06 08:51 GMT, by Dukascopy Swiss FX Group
USD/JPY rebounded yesterday, overshooting expectations and erasing the two-day losses. The US Dollar managed to pierce through the weekly R1, tested the upper Bollinger band, and finally settled at 1...
XAU/USD Is Range Bound Between 1,207 And 1,195
Mar 06 08:50 GMT, by Dukascopy Swiss FX Group
For a fourth consecutive day, a daily change in price of Gold does not exceed two important technical levels which are keeping the bullion in a narrow trading range. Among them, the weekly PP is loca...
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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