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Jan 29 06:17 GMT

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Daily Report: Dollar Higher as FOMC Sticks to Hike Schedule, Kiwi Lower as RBNZ Turned Neutral
Jan 29 03:00 GMT, by ActionForex.com
Dollar recovered mildly overnight after FOMC kept rates unchanged near zero and reiterated that it can be patient in beginning to normalize the stance of monetary policy. The statement overall suggested that Fed is still on schedule to raise interest rate after mid-year. And that disappointed some dove that speculated Fed might signal a delay in...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral as consolidation from 1.1096 temporary low continues. Upside of recovery shoul... - Jan 29 03:13 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.4950 continues. Near term outlook stays bearish wi... - Jan 29 03:10 GMT
USD/CHF Daily Outlook
More recovery might be seen in USD/CHF and corrective trading would continue in near term. We'll stay away from USD/CHF... - Jan 29 03:08 GMT
USD/JPY Daily Outlook
Outlook in USD/JPY is unchanged. The consolidation pattern from 121.84 is still in progress and is likely a triangle pa... - Jan 29 03:06 GMT

Special Reports

Kiwi Fell To 3.5-Year Low As RBNZ Signaled Next Move Could Be Rate Cut
Jan 29 05:01 GMT
The RBNZ left the OCR unchanged at 3.5% in January. Yet, the market viewed the ...
Fed Upgraded Growth And Employment Outlook, Remains Patient In Rate Hike
Jan 29 04:41 GMT
The FOMC meeting unveiled that policymakers got more optimistic over US economi...
Greek Election – Anti-Bailout Coalition Government Raises Financial Instability
Jan 27 05:08 GMT
The far-left Syriza party won Greece's general election by a larger-than-expect...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
The greenback has remained confined within near term range after retreating from yesterday's high of 0.9168 and further consolida... - Jan 28 16:08 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day rebound to 1.5219, as the British pound has retreated after faltering below yesterday's high of 1.5223, suggest... - Jan 28 16:02 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Although euro's retreat after yesterday's rise suggests consolidation below this level would be seen and weakness to 1.1300 canno... - Jan 28 15:57 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Despite intra-day initial bounce to 118.26, as dollar has retreated again since, adding credence to our view that further consoli... - Jan 28 15:49 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Aussie met renewed selling interest right at the lower Kumo last week and ... - Jan 28 10:46 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie resumed recent decline after meeting renewed selling inter... - Jan 28 09:12 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound briefly recovered to 1.5213 last week and renewed sellin... - Jan 27 08:36 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7600
Euro's near term sideways trading is likely to continue and as long as this week's low at 0.7405 holds, mild upside bias is seen ... - Jan 28 15:23 GMT
Trade Idea: USD/CAD - Hold short entered at 1.2400
Although the greenback retreated from 1.2501, lack of follow through selling on break of 1.2400-05 suggests consolidation would b... - Jan 28 15:18 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency edged higher again after staging a strong rebound from this week's low at 130.15, retaining our view that ... - Jan 28 10:10 GMT
Trade Idea: AUD/USD - Buy at 0.7950
As aussie has rebounded again after finding renewed buying interest at 0.7900, suggesting further consolidation above this week's... - Jan 28 10:07 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CHF Elliott Wave Analysis
The single currency tumbled earlier this month as SNB removed minimum... - Jan 28 11:51 GMT
AUD/USD Elliott Wave Analysis
The Australian dollar did resume recent downtrend after meeting renew... - Jan 28 11:42 GMT
GBP/USD Elliott Wave Analysis
Although the British pound met renewed selling interest at 1.5213 and... - Jan 27 10:15 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 29 06:10 GMT

Action Bias

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

Fundamental Analysis Reports

AUDUSD Can't Catch A Break
Jan 29 05:06 GMT, by Forex.com
It seems yesterday's inflation numbers only provided aussie bulls with false hope, at least in the near-term. While the Australian dollar rallied on the back of the Q4 CPI figures, the rally stalled ...
Asian Market Update: NZD Falls To 4-Year Lows As RBNZ Replaces Tightening Bias With "Up or Down" Rate Policy Option, Samsung Reports Mixed Q4
Jan 29 05:05 GMT, by Trade The News
US stocks fell sharply for the 2nd consecutive session despite the seemingly innocuous FOMC policy statement. As widely expected, the Fed maintained the "patient to normalize" policy stance despite t...
FOMC Statement Instant Reaction: Overseas Albatross Around The US Economy's Neck?
Jan 29 02:04 GMT, by Forex.com
Earlier today, we noted that any traders expecting a meaningful change in monetary policy from the Fed was probably barking up the wrong tree. This morning's note forecast that, 'the Fed's statement ...
RBNZ Instant Reaction: Priming The Pumps
Jan 29 02:03 GMT, by Forex.com
Many of the expectations heading in to the Reserve Bank of New Zealand's Monetary Policy Statement and Interest Rate Decision was that they would step away from their hawkish stance and lean a little...
Fed Kept Its Patience While RBNZ Statement Hit NZD
Jan 29 01:59 GMT, by Vantage FX
The market did not get significant news from the January FOMC meeting. The committee said in its statement 'it can be patient in the beginning to normalize the stance of the monetary policy'. U.S. se...
FOMC Meeting: More Patience
Jan 29 01:18 GMT, by Danske Bank
The FOMC statement had small tweaks to the language but the most important sentence- that the FOMC can be patient in beginning to normalize the stance of monetary policy - was repeated. This in effec...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Jan 29 04:20 GMT, by HY Markets
THE EURO closed lower on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signal...
Daily Technical Analysis
Jan 29 03:24 GMT, by FX Instructor
The EURUSD failed to continue its bullish correction yesterday fell below 1.1300. As you can see on my hourly chart below the hourly EMA 200 and 50% – 61.8% Fibonacci retracement area (1.1650 – 1.109...
Market Morning Briefing
Jan 29 03:24 GMT, by Kshitij Consultancy Services
Euro (1.1283) is retesting the supports and lows at 1.220 and 1.11. The trend remains to the downside and the short term resistance is at 1.1400. Pound-Dollar's (1.5145) has held its 100MA on hourly ...
The Daily Forecaster: AUDUSD
Jan 29 02:50 GMT, by FX-Forecaster
Early in the day I see the 0.7863-83 area as supportive for a correction back to the 0.7940 area. Allow for 0.7970-75. Watch for bearish reversal indications to suggest losses that will break below t...
Australia 200 – Resistance At 5500 Resumes 'Key Level' Role
Jan 29 02:13 GMT, by MarketPulse
In the last week or so the Australian 200 index has done well and surged higher to move back above the key 5400 level to a two month high just above the resistance level at 5500. In the last day or s...
AUD/USD – Looking To Resume Short Term Down Trend Below 0.79
Jan 29 02:10 GMT, by MarketPulse
The last week has seen the Australian dollar fall very sharply and break lower from the trading range that had been established roughly between 0.8050 and 0.8200. This has resulted in a new multi-yea...
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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