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Mar 02 07:19 GMT

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Daily Report: Stocks Lifted by China Rate Cut, Aussie Steady ahead of RBA
Mar 02 02:56 GMT, by ActionForex.com
Asian equities open the week higher after the surprised rate cut by China's central bank over the weekend. Nonetheless, impact on the currency markets was muted. The People's Bank of China lowered the benchmark one-year loan rate by 0.25% to 5.35%. The one-year deposit rate was also cut by 0.25% to 2.50%. A central bank official noted that the two...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains cautiously on the downside for 1.1096. Consolidation pattern from there is likely fini... - Mar 02 03:11 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. At this point, rise from 1.4950 is viewed as a corrective move... - Mar 02 03:08 GMT
USD/CHF Daily Outlook
At this point, we'd still favor the case the recent rebound is merely a correction. And we'd expect strong resistance f... - Mar 02 03:05 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains neutral first. Overall, the pair is staying in the sideway consolidation pattern from ... - Mar 02 03:03 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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
As dollar's retreat from 0.9547 (yesterday's high) turned out to be stronger than expected, suggesting top has possibly been form... - Feb 27 15:45 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5500
As the British pound has rebounded after intra-day brief fall to 1.5384, suggesting consolidation above this level would be seen,... - Feb 27 15:43 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1280
As the single currency has recovered after intra-day brief fall to 1.1176, suggesting minor consolidation would be seen and above... - Feb 27 15:40 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although dollar has rebounded after holding above this week's low at 118.63 and further consolidation is seen with mild upside bi... - Feb 27 15:33 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
The single currency slipped this week after meeting resistance just below ... - Feb 27 10:33 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
The greenback continued to meet resistance below 1.2698 and has retreated ... - Feb 27 10:17 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency has remained under pressure after resuming recent decl... - Feb 26 08:39 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Although the single currency has continued to trade lower after resuming recent decline and near term downside risk remains for w... - Feb 27 14:19 GMT
Trade Idea: USD/CAD - Turn long at 1.2445
The greenback found support at 1.2388 yesterday and rebounded from there, retaining our view that further consolidation would be ... - Feb 27 14:17 GMT
Trade Idea: EUR/JPY - Stand aside
Yesterday's selloff dampened our near term bullishness and weakness to 133.50-55 cannot be ruled out, however, break of support a... - Feb 27 09:42 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
As aussiie has retreated after yesterday's brief rise to 0.7913, suggesting consolidation would be seen, however, reckon downside... - Feb 27 08:49 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency slipped this week and weakness to 133.50 cannot b... - Feb 27 11:25 GMT
USD/CHF Elliott Wave Analysis
The greenback has maintained a firm undertone, adding credence to our... - Feb 27 11:16 GMT
EUR/GBP Elliott Wave Analysis
The single currency has fallen again after meeting renewed selling in... - Feb 26 09:45 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Mar 02 07:10 GMT

Action Bias

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

AUD/USD: Aussie Trading Lower In The Asian Session
Mar 02 06:34 GMT, by GCI Financial
The pair is expected to find support at 0.7739, and a fall through could take it to the next support level of 0.7713. The pair is expected to find its first resistance at 0.7814, and a rise through c...
EUR/USD: Euro Trading Lower Ahead Of Germany's Markit Manufacturing PMI Data
Mar 02 06:33 GMT, by GCI Financial
The pair is expected to find support at 1.1143, and a fall through could take it to the next support level of 1.1108. The pair is expected to find its first resistance at 1.1229, and a rise through c...
USD/JPY: Japanese Yen Trading On A Weaker Footing This Morning
Mar 02 06:32 GMT, by GCI Financial
The pair is expected to find support at 119.33, and a fall through could take it to the next support level of 118.79. The pair is expected to find its first resistance at 120.18, and a rise through c...
USD/CHF: Swiss Franc Is Trading Lower Ahead Of Switzerland's SVME PMI Data
Mar 02 06:31 GMT, by GCI Financial
The pair is expected to find support at 0.9480, and a fall through could take it to the next support level of 0.9409. The pair is expected to find its first resistance at 0.9591, and a rise through c...
USD/CAD: Loonie Trading Higher Ahead Of Canada's RBC Manufacturing PMI Data
Mar 02 06:28 GMT, by GCI Financial
The pair is expected to find support at 1.2458, and a fall through could take it to the next support level of 1.2410. The pair is expected to find its first resistance at 1.2543, and a rise through c...
Asian Market Update: Shanghai A-Shares Slightly Higher Follow PBoC Interest Rates Cut, USD/JPY Approaching ¥120 Handle On Dollar Strength
Mar 02 06:04 GMT, by Trade The News
China central bank PBoC cut interest rates by 25bps over the weekend. Central bank reiterated prudent monetary policy and expressed to create a neutral appropriate monetary and financial environment ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Mar 02 06:13 GMT, by Varengold Bank
The yen held a two day decline, and the bearish trend is expected to continue after China cut interest rates, encouraging speculation stocks in Asia will climb and damp demand for haven assets. Japan...
Daily Technical Analysis
Mar 02 06:09 GMT, by FX Instructor
The EURUSD had a bearish momentum last week, broke below the range area as you can see on my hourly chart below and hit 1.1158 earlier today. The bias is bearish in nearest term testing 1.1100. Immed...
Market Morning Briefing
Mar 02 03:58 GMT, by Kshitij Consultancy Services
The long-term downtrend in the Euro (1.1173) appears back in force . It has broken below our 1.12 support and can fall towards the Jan-15 low of 1.1114. Even that Support appears vulnerable to break....
Foreign Exchange Market Commentary
Mar 02 03:53 GMT, by HY Markets
THE EURO closed lower on Friday as it extends this week's decline. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI ...
GOLD - Risk Remains Lower Despite Recovery Attempts
Mar 02 03:21 GMT, by FXTechstrategy
GOLD - Although a marginal higher close occurred the past week, GOLD continues to retain its broader downside pressure. On the upside, resistance resides at the 1,219.98 level where a break will aim ...
The Daily Forecaster: EURUSD
Mar 02 02:06 GMT, by FX-Forecaster
The correction failed below 1.1263-76 - stalling at 1.1244. There is key level at 1.1160. While this holds there is a chance that we could see a recycling back to the 1.1244-65 area. From there we co...
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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