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Jan 26 14:24 GMT

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Mid-Day Report: Euro Pared Losses on German Confidence
Jan 26 13:58 GMT, by ActionForex.com
Euro weakened earlier news from Greece that the anti-austerity Syriza won the election. But the common currency quickly recovered as markets played down the chance of so called Grexit. Also, euro is mildly support by better than expected confidence data fro Germany. German Ifo business climate rose to 106.7 in January versus expectation of 106.5, ...

Technical Outlook

USD/CAD Mid-Day Outlook
Intraday bias in USD/CAD remains on the upside for 200% projection of 1.0181 to 1.1278 from 1.0620 at 1.2814. Note that... - Jan 26 14:05 GMT
GBP/USD Mid-Day Outlook
GBP/USD lost some downside momentum as seen in 4 hours MACD. But with 1.5268 resistance intact, near term outlook stays... - Jan 26 14:02 GMT
USD/JPY Mid-Day Outlook
USD/JPY's consolidation from 121.84 is still in progress and outlook is unchanged. More sideway trading could be seen. ... - Jan 26 14:00 GMT
EUR/USD Mid-Day Outlook
EUR/USD recovers mildly after initial dip today. But intraday bias remains on the downside for the moment. Current fall... - Jan 26 13:58 GMT

Special Reports

ECB Decided to Buy Asset Worth of 60B euro a Month, March through September 2016
Jan 22 14:34 GMT
Exceeding the consensus forecast of 50B euro or 50B euro in total, ECB's expand...
BOC Cut Rates, Insuring Against Headwind Posed By Oil Price Decline
Jan 22 04:03 GMT
Surprisingly, the BOC announced to cut its overnight rate to 0.75% from 1% in J...
Unanimous Vote To Keep Rate Unchanged Damped Speculations Of BOE Tightening
Jan 21 11:07 GMT
BOE policymakers dropped rate hike calls as inflation disappointed in recent mo...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.8835
As the greenback has surged again after breaking resistance at 0.8838, suggesting the erratic rise from 0.8352 is still in progre... - Jan 26 13:38 GMT
Trade Idea Update: GBP/USD - Hold long entered at 1.5000
Cable has retreated after intra-day brief bounce to 1.5045 and further consolidation would be seen, however, reckon 1.4980-85 wou... - Jan 26 13:36 GMT
Trade Idea Update: EUR/USD - Sell at 1.1350
Although the single currency fell initially to 1.1098, lack of follow through selling on break of Friday's low at 1.1115 and curr... - Jan 26 13:34 GMT
Trade Idea Update: USD/JPY - Buy at 117.50
Despite intra-day initial fall to 117.26, as the greenback has rebounded again after holding above indicated support at 117.18, r... - Jan 26 13:30 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency opened lower this morning, lack of follow thr... - Jan 26 08:58 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback only eased to 116.92 before rebounding again (we recommended... - Jan 26 08:24 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency recovered initially this week, euro met renew... - Jan 23 10:23 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 131.95
Despite intra-day initial brief fall to 130.15, as the single currency found good support there and has quickly rebounded, sugges... - Jan 26 10:07 GMT
Trade Idea: AUD/USD - Sell at 0.8050
As aussie has recovered after intra-day initial fall to 0.7858, suggesting minor consolidation would be seen and corrective bounc... - Jan 26 09:59 GMT
Trade Idea: EUR/GBP - Sell at 0.7610
The single currency has dropped again after yesterday's anticipated resumption of recent decline, adding credence to our bearishn... - Jan 23 14:32 GMT
Trade Idea: USD/CAD - Buy at 1.2200
As the greenback has continued to move higher after yesterday's post-BOC rally, suggesting recent upmove is still in progress and... - Jan 23 14:27 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
The greenback found good support at 115.85 and has rebounded, retaini... - Jan 26 10:47 GMT
EUR/USD Elliott Wave Analysis
The single currency only recovered to 1.1680 before meeting renewed s... - Jan 26 10:43 GMT
EUR/JPY Elliott Wave Analysis
The single currency only recovered to 137.64 before running into rene... - Jan 23 10:49 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 26 14:15 GMT

Action Bias

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

EUR/USD - Euro Briefly Drops as Far Left Party Wins Greek Election
Jan 26 13:55 GMT, by MarketPulse
The euro briefly lost ground after Greece announced election results late on Sunday, as the far-left Syriza party won the election. In Monday's European session, EUR/USD is trading in the mid-1.12 ra...
Gold Prices Slide on Greek Vote
Jan 26 13:53 GMT, by MarketPulse
Gold has posted losses on Monday, as the metal trades at a spot price of $1285.80 per ounce in the European session. Gold has lost ground following the election win in Greece by a far-left party. The...
Pricing EUR's QE, Not Future Greek Talks Just Yet
Jan 26 11:51 GMT, by MarketPulse
Greece's Syriza party (opposition) is set to become the first anti-austerity party to be at any euro-members helm. Most of the market had been expecting the victory, but it was the margin of the win ...
Euro Hits 1.11 After Syriza Wins Greek Elections
Jan 26 11:12 GMT, by ICN.com
The euro fell to fresh new lows at 1.11 against the dollar on Monday after anti-austerity Syriza party won in elections in Greece, 10 points ahead of the conservative New Democracy party. The single ...
Time For The EUR To Take A Breather
Jan 26 10:36 GMT, by Swissquote Bank SA
The EUR-complex finally takes a breather after 5-figure dive last week on massive ECB stimulus package and Greek elections. The Greek bonds rallied, the sovereign curve steepened in the short end, sh...
European Market Update: Greece Turns A New Page On Austerity After Syriza Party Steps Into Power, German IFO Survey Continues To Improve
Jan 26 10:31 GMT, by Trade The News
The EUR/USD tested 11-year lows in thin Asian trading just below the 1.11 level but rebounded to test above 1.1250 just ahead of the NY morning. European peripheral bond yields reverse slight rise as...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Jan 26 11:04 GMT, by DeltaStock Inc.
The corrective rebound above 1.1097 is currently limited below 1.1300 resistance and the focus is still set on 1.1000 sentiment zone. Crucial resistance on the upside is projected at 1.1460.
Technical Analysis for Crosses
Jan 26 11:00 GMT, by ICN.com
The pair is attempting now to break above 178.85 again, which needs a four-hour closing above it to confirm bringing the upside move back. Till now, we continue to monitor the pair at the referred to...
Technical Analysis for Major Currencies
Jan 26 11:00 GMT, by ICN.com
The pair is trading below 1.1200 confirming our previously suggested negative expectations, and holding below this level is negative and supports further bearishness. The pair is currently targeting ...
Bears Push EUR/USD Below 1.12
Jan 26 10:23 GMT, by Dukascopy Swiss FX Group
Friday was marked by a second day of considerable losses of the Euro versus US Dollar, as the pair fell even below the 1.1150 mark, thus furthermore reflecting the ECB's decision to start QE in the s...
GBP/USD Retains Negative Bias
Jan 26 10:22 GMT, by Dukascopy Swiss FX Group
Considering the absence of any significant supports nearby, the bearish tendency is expected to persist. The closest demand area is situated more than 100 pips away from the spot price, namely at 1.4...
USD/JPY Opens Beneath 118
Jan 26 10:21 GMT, by Dukascopy Swiss FX Group
The resistance at 119 proved to be impenetrable last week, forcing USD/JPY to fluctuate between the monthly PP and 23.6% Fibo most of the time. Nevertheless, the medium-term risks are skewed to the u...
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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