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Feb 04 05:01 GMT
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Mid-Day Report: NFP Rose 243k, Unemployment Dropped to 8.3%, Dollar Mixed in Initial Reaction
Feb 03 13:45 GMT, by ActionForex.com
Non-farm payroll report showed much larger than expected expansion in US job market by 243k in January, versus consensus of 150k. That's the beset number in nine months and even better than December's impressive 203k, revised up from 200k. Unemployment rate dropped again for the fifth straight month to 8.3%, lowest in three years. In spite of the ...

Technical Outlook

USD/JPY Mid-Day Outlook
The strong rebound and break of 76.42 minor resistance indicates short term bottoming in USD/JPY. Intraday bias is mild... - Feb 03 14:22 GMT
GBP/USD Mid-Day Outlook
GBP/USD dips sharply after US NFP release as consolidation from 1.5882 continues. Deeper fall might be seen towards 4 h... - Feb 03 14:19 GMT
USD/CHF Mid-Day Outlook
USD/CHF is still bounded in tight range above 0.9114 after US NFP release. Intraday bias remains neutral and more conso... - Feb 03 14:16 GMT
EUR/USD Mid-Day Outlook
EUR/USD continues to stay in tight range initially after release of stronger than expected NFP data. Intraday bias rema... - Feb 03 13:48 GMT
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Special Reports

2012 Forecasts: Canadian Dollar To Be Support By QE3 In 2H12
Feb 03 08:50 GMT
Canada will by no means escape from the recent global economic turmoil. As an e...
2012 Forecast: AUD Boosted By Speculations Over Fed's QE3 In The Near-Term
Jan 30 11:03 GMT
The dovish January FOMC statement thrilled investors and boosted higher-yield c...
RBNZ Intends To Pause Longer
Jan 26 04:47 GMT
At the January meeting, the RBNZ left the OCR unchanged at 2.5% and signaled th...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF – Stand aside
As the greenback has rebounded after intra-day brief fall to 0.9127, retaining our view that further choppy consolidation within ... - Feb 03 15:27 GMT
Trade Idea Wrap-up: GBP/USD – Stand aside
Despite intra-day brief bounce to 1.5862, the subsequent retreat on dollar’s broad-based rebound on strong U.S. data has retained... - Feb 03 15:24 GMT
Trade Idea Wrap-up: EUR/USD – Stand aside
Despite intra-day brief bounce to 1.3206, as the single currency has retreated after faltering below resistance at 1.3219 in part... - Feb 03 15:18 GMT
Trade Idea Wrap-up: USD/JPY – Hold long entered at 76.05
Current rebound on stronger-than-expected U.S. job data has retained our view that low is possibly formed at 76.03 and bullishnes... - Feb 03 15:13 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency retreated from last week’s high of 102.21 to ... - Feb 03 08:19 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the currency pair has remained under pressure after breaking previous s... - Feb 03 07:55 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency met renewed selling interest at 0.8409 (just missed ou... - Feb 02 08:48 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP – Sell at 0.8365
As the single currency has remained under pressure, retaining our view that top has possibly been formed at 0.8409 and consolidat... - Feb 03 14:55 GMT
Trade Idea: USD/CAD – Hold short entered at 1.0050
Despite intra-day brief bounce to 1.0034, as the greenback met renewed selling interest there and has retreated, retaining our be... - Feb 03 14:52 GMT
Trade Idea: EUR/JPY – Hold long entered at 99.60
Despite slipping to 99.62 yesterday, renewed buying interest emerged there and the single currency has rebounded again and anothe... - Feb 03 08:45 GMT
Trade Idea: AUD/USD – Buy at 1.0530
Despite yesterday’s rise to 1.0758, lack of follow through buying on break of previous resistance at 1.0753 and the subsequent re... - Feb 03 08:32 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency moved more or less in line with our expectations ... - Feb 03 09:53 GMT
USD/CHF Elliott Wave Analysis
Although dollar’s stronger-than-expected retreat from 0.9595 signals ... - Feb 03 09:38 GMT
EUR/GBP Elliott Wave Analysis
Although the single currency retreated after last week’s rebound to 0... - Feb 02 10:42 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Feb 03 21:59 GMT

Action Bias

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

EM & Commodity Currencies Well Bid Post-NFP
Feb 04 04:17 GMT, by Forex.com
The Jan. NFP cards have been dealt and US equities are up more than +1% on the back of the much better than expected figures (243k vs. consensus 140k on the headline number, 257k vs. 160k for private...
Central Banks - Still Easing for Now
Feb 03 16:52 GMT, by Lloyds TSB
Another week closes with the promise of a deal on the Greek PSI debt swap. The urgency for such a deal is rising with a hard deadline of 13 February approaching. The coming week will be a question of...
ISM Non-Manufacturing Index Signals Improving Sentiment
Feb 03 16:42 GMT, by Wells Fargo Securities
On the heels of a better-than-expected print for nonfarm payrolls, today's ISM non-manufacturing survey lifts expectations for further job gains in the coming months. Indeed, the employment component...
Employment: Gains in Jobs and Hours Worked Tell of Growth
Feb 03 16:39 GMT, by Wells Fargo Securities
January's increase of 243,000 in nonfarm jobs continued the string of monthly job gains in many sectors as evidenced by the positive turns in all three super sectors shown in the top graph. Consisten...
U.S. Service Sector Growth Surged in January
Feb 03 16:35 GMT, by RBC Financial Group
The ISM non-manufacturing index showed that the service sector expanded in January 2012 and that the pace of growth accelerated sharply as indicated by the gauge rising to 56.8 from 53.0 in December ...
Weekly Focus: The Clouds are Lifting a Bit
Feb 03 16:33 GMT, by Danske Bank
PMIs from most of the world increased in January, signalling an improvement in global industry. For Europe, the numbers support our view that the sharpest fall in production in this recession happ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Better Data Drives Risk On, Fed QE3 Off
Feb 04 04:19 GMT, by Forex.com
The past week ended with a string of better-than-expected data releases from key major economies, suggesting the global recovery may avoid a more worrisome downturn. Mostly better than expected PMI's...
Mixed Reactions in the US Dollar to the Non-Farm Payroll
Feb 03 16:21 GMT, by FXTimes
Anytime we get above forecast and above 200K employment change and decline in unemployment, we get welcoming sign for the US economy. Risk appetite usually leads to pressure for the USD. Indeed we sa...
Forex Technical Analysis
Feb 03 11:18 GMT, by DeltaStock Inc.
With yesterday's test of 1.3090 support area the consolidation pattern below 1.3218 can be considered as complete and my outlook is bullish, for a break through 1.3192, towards 1.3230, en route to 1....
USD/JPY With Tiny Movements Since Tuesday
Feb 03 11:09 GMT, by ZIFX.com
On Thursday Dollar/Yen continued trading within even narrower 10 pip range. The currency couple appreciated from 76.04 to 76.25 yesterday, matching the neutral Interbank sentiment at over +1%, closin...
GBPUSD - Biased To The Upside Medium Term Despite Price Hesitation
Feb 03 09:04 GMT, by FXTechstrategy
GBPUSD: Although GBP backed off higher prices to close lower on Thursday, we continue to maintain our upside outlook. This suggests that GBP should eventually return above the 1.5882/5 level. This wi...
GBP/USD Heading Up On The One Hour Chart
Feb 03 09:01 GMT, by ZIFX.com
On Thursday Pound/Dollar decreased insignificantly with 65 pips. The Cable depreciated from 1.5859 to 1.5794 yesterday, in converse with the positive Interbank sentiment at above +54%, closing the da...
All Daily Technical Reports >>

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Long Term Forecasts

Chinese Dragon To Unshackle Renminbi?
Jan 18 15:32 GMT, by Merk Hard Currency Fund
With the Year of the Dragon around the corner, will the renminbi be unshackled? Will there be a sur...
FX Forecast Update January 2012: Euro Pain - Stocky Gain
Jan 17 15:16 GMT, by Danske Bank
EUR/USD: Eurozone money market rates are expected to fall further and as a result we have opted to ...
U.S. Dollar & Currencies: Review and Outlook
Jan 05 17:22 GMT, by Merk Hard Currency Fund
U.S. Dollar & Currencies: Review and Outlook In 2012, policy makers around the world may be dr...
2012 Outlook: Uncertainty about Growth and Debts
Dec 27 11:16 GMT, by Jyske Bank
Following a fairly quiet beginning of the year, the second half of 2011 saw wide fluctuations and j...
1Q 2012 Markets Outlook: The Year of Living Dangerously Begins
Dec 26 09:19 GMT, by Forex.com
As we enter 2012, we expect investor risk sentiment to remain the principal driver of key markets' ...
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