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Feb 12 07:40 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/JPY Daily Outlook
Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 125.85 should now target long term f... - Feb 12 06:20 GMT
EUR/USD Mid-Day Outlook
EUR/USD's rally resumes after brief retreat and met 100% projection of 1.0517 to 1.1059 from 1.0809 at 1.1351 already. ... - Feb 11 12:34 GMT
GBP/USD Mid-Day 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 11 12:31 GMT
USD/CHF Mid-Day Outlook
With 0.9869 minor resistance intact, intraday bias in USD/CHF remains on the downside. Current decline should target 0.... - Feb 11 12:29 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 >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9785
As the greenback has rebounded after falling to 0.9661 earlier today, retaining our view that consolidation above this level woul... - Feb 11 16:11 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day fall to 1.4383, a break of indicated support at 1.4378 is needed to signal the rebound from 1.4351 has ended, b... - Feb 11 16:04 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1215
As the single currency maintained a firm undertone after rising again from 1.1160, adding credence to our view that recent upmove... - Feb 11 15:56 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has finally rebounded after falling to 110.98, suggesting consolidation above this level would be seen and anoth... - Feb 11 15:46 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
GBP/USD Candlesticks and Ichimoku Analysis
Although cable's rebound last week turned out to be stronger than expected... - Feb 10 09:26 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 07:35 GMT

Action Bias

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

Fundamental Analysis Reports

European Open Briefing
Feb 12 06:44 GMT, by IC Markets
The Yen weakened overnight after several Japanese officials expressed their concerns about the recent volatility in the exchange rate and said that they are closely monitoring the moves in the FX mar...
Will The Bank Of Japan Intervene To Support The Yen?
Feb 12 06:31 GMT, by Blackwell Global
As the USDJPY price continues to collapse towards the 110.00 level the probability of the Bank of Japan intervening to depreciate the Yen is increasing. However, the question remains, what price repr...
Asian Market Update: More Yen Intervention Chatter Driving Sentiment, RBA Stevens Sees Australia With An Easing Bias
Feb 12 06:23 GMT, by Trade The News
Asian trading session has been as volatile as late afternoon in the US hours, where another day of extreme selling was thwarted by reports of UAE energy minister expressing the willingness for OPEC t...
Why Are US 10-Year Yields Nearing All-Time Lows…And What Does It Mean?
Feb 12 03:16 GMT, by Forex.com
Nothing like a crazy day in the markets to get the old blood flowing again. In our research here, we typically focus on specific opportunities in the FX, commodity, and equity markets, but we would b...
Friday Night, Game On!
Feb 12 02:51 GMT, by Vantage FX
There are obviously a few different ways to draw this trend line which makes it a little iffy, but the fact that the lower time frame price action respected the level on both sides of it, tells us th...
US Initial Jobless Claims Fell Significantly in the Week Ending February 6
Feb 11 14:29 GMT, by RBC Financial Group
US initial claims unexpectedly fell by 16,000 to 269,000 in the week ending February 6, 2015, thereby more than reversing an unrevised 8,000 increase to 285,000 in the prior week. The latest reading ...
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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