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Mar 03 11:10 GMT

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European Session: Orders and Options Watch
Mar 03 09:17 GMT, by ActionForex.com
EUR: The single currency remained confined in tight range and further sideways trading is in store. At the moment, offers are noted at 1.1225 and 1.1260, sell orders are reported at 1.1285 and 1.1300, selling interest should emerge further out at 1.1325 and 1.1350-60 with stops building up above 1.1390-00. On the downside, bids are now seen at 1.1...

Technical Outlook

GBP/JPY Daily Outlook
With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect s... - Mar 03 07:54 GMT
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

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...
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Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: 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 10:41 GMT
Trade Idea Update: 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 10:40 GMT
Trade Idea Update: 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 10:37 GMT
Trade Idea Update: 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 10:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after rising to 1.5552 (exactly 3... - Mar 03 10:04 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback only eased to 0.9450 before finding renewed buying interest ... - Mar 03 09:49 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Although euro has retreated after yesterday's rebound to 134.60 and consolidation with mild downside bias is seen, break of Frida... - Mar 03 09:26 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
Aussie found good support at 0.7752 earlier today and has rebounded, retaining our bullishness and as long as this level holds, p... - Mar 03 09:11 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound ran into resistance at 1.5552 (exactly 38.2% Fibona... - Mar 03 10:32 GMT
GBP/JPY Elliott Wave Analysis
As sterling has eased after rising to 185.00 late last month and init... - Mar 03 10:25 GMT
USD/JPY Elliott Wave Analysis
Although the greenback has rebounded again after finding support at 1... - Mar 02 10:37 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Mar 03 11:05 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↓ DN↓ 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

European Market Update: European Data Continues To Improve
Mar 03 10:39 GMT, by Trade The News
European continued to see some better news on the economic front but it failed to helped the EUR/USD stay above 1.12 level. The key support remains the Jan low of 1.1098. The pair drifted to test 1.1...
Aussie Gains Post-RBA As Lira, Rand And Real remain under pressure
Mar 03 10:23 GMT, by Swissquote Bank SA
The RBA unexpectedly refrained from lowering its cash rate target to 3.0%, while citing that further policy easing may be appropriate in months ahead. The RBA decision is seen as strategically clever...
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 ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Mar 03 10:06 GMT, by Windsor Brokers Ltd
The Euro trades in near-term consolidative phase above fresh low at 1.1158, confirmed by repeated Doji. The upside remains capped at 1.1243, also Fibonacci 38.2% of 1.1378/1.1158 downleg, as barrier ...
EUR/USD Gets Support From Lower Bollinger Band
Mar 03 09:18 GMT, by Dukascopy Swiss FX Group
EUR/USD stays broadly stable for a third day in a row. On Monday, it registered completely no daily change in any direction and stayed just below the Bollinger band around 1.1180. On Tuesday morning,...
GBP/USD Sliding Down
Mar 03 09:16 GMT, by Dukascopy Swiss FX Group
Indeed, the GBP/USD pair declined over Monday, but not as much as expected. Still, the Sterling found support at 1.5347, where the 20-day SMA stands, rather than closing the day near the cluster arou...
USD/JPY Extended Gains
Mar 03 09:15 GMT, by Dukascopy Swiss FX Group
The Greenback appreciated versus the Japanese Yen yesterday. The pair surged for a third day after a number of US data releases on Monday. Moreover, the pair outperformed as it breached weekly R1 lev...
XAU/USD Is Pushed Down By 100-Day SMA
Mar 03 09:13 GMT, by Dukascopy Swiss FX Group
On Monday, two simple moving averages (20 and 100-day) came together in order to push the precious metal considerably to the downside. They succeeded in achieving this goal as Gold dropped even below...
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 ...
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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