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Mar 03 07:20 GMT

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Daily Report: Aussie Recovers as RBA Stands Pat
Mar 03 04:37 GMT, by ActionForex.com
Australia dollar recovered after RBA held the cash rate unchanged at 2.25%. Some economists expected a cut today and thus the reactions was a little surprise to the market. The central bank noted that having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being . However, it also noted ...

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 03 07:07 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 03 07:05 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 03 06:58 GMT
USD/JPY Daily Outlook
While USD/JPY rose mildly this week, it's stay below 120.46 resistance and intraday bias remains neutral first. Overall... - Mar 03 06:56 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 >>

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has maintained a firm undertone after breaking last week's high at 0.9547 and near term upside risk remain... - Mar 02 16:55 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5450
As the British pound has fallen again after brief recovery to the Kijun-Sen, adding credence to our view that top has been formed... - Mar 02 16:35 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1130 or sell at 1.1280
Euro's intra-day rebound from 1.1160 suggests consolidation would be seen with mild upside bias for corrective bounce to Friday's... - Mar 02 16:26 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 119.60
The greenback has risen again after brief pullback, suggesting a test of previous resistance at 120.48 would be seen, however, br... - Mar 02 16:12 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
USD/JPY Candlesticks and Ichimoku Analysis
The greenback found support around the Kijun-Sen last week and has rebound... - Mar 02 09:55 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
The single currency slipped this week after meeting resistance just below ... - Feb 27 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

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
Trade Idea: EUR/JPY - Stand aside
Despite Friday's brief fall to 133.44, lack of follow through selling on break of previous support at 133.55 and current rebound ... - Mar 02 09:39 GMT
Trade Idea : AUD/USD - Hold long entered at 0.7800
As aussie's retreat from last week's high of 0.7913 has kept price under pressure, suggesting near term downside risk remains, ho... - Mar 02 09:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback has rebounded again after finding support at 1... - Mar 02 10:37 GMT
EUR/USD Elliott Wave Analysis
Last week's breach of indicated support at 1.1270 suggests the reboun... - Mar 02 10:32 GMT
EUR/JPY Elliott Wave Analysis
The single currency slipped this week and weakness to 133.50 cannot b... - Feb 27 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Mar 03 07:15 GMT

Action Bias

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

AUD/USD: The RBA Maintained Its Interest Rate At 2.25%
Mar 03 06:48 GMT, by GCI Financial
The pair is expected to find support at 0.7764, and a fall through could take it to the next support level of 0.7711. The pair is expected to find its first resistance at 0.7856, and a rise through c...
EUR/USD: Euro Trading Higher In The Asian Session
Mar 03 06:47 GMT, by GCI Financial
The pair is expected to find support at 1.1158, and a fall through could take it to the next support level of 1.1124. The pair is expected to find its first resistance at 1.1235, and a rise through c...
GBP/USD: Pound Trading Higher Ahead Of The UK Markit Construction PMI Data
Mar 03 06:46 GMT, by GCI Financial
The pair is expected to find support at 1.5341, and a fall through could take it to the next support level of 1.5309. The pair is expected to find its first resistance at 1.5413, and a rise through c...
USD/JPY: Japanese Yen Reverses Its Losses In The Asian Session
Mar 03 06:45 GMT, by GCI Financial
The pair is expected to find support at 119.45, and a fall through could take it to the next support level of 119.18. The pair is expected to find its first resistance at 120.14, and a rise through c...
USD/CHF: Swiss Franc Reverses Its Losses Ahead Of Switzerland's Q4 GDP Data
Mar 03 06:44 GMT, by GCI Financial
The pair is expected to find support at 0.9535, and a fall through could take it to the next support level of 0.9507. The pair is expected to find its first resistance at 0.9595, and a rise through c...
USD/CAD: Loonie Trading Higher Ahead Of Canada's 4Q GDP Data
Mar 03 06:36 GMT, by GCI Financial
The pair is expected to find support at 1.2474, and a fall through could take it to the next support level of 1.2428. The pair is expected to find its first resistance at 1.2567, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Mar 03 06:53 GMT, by Varengold Bank
The dollar climbed to its highest level in more than a decade as U.S. economic reports bolstered speculation the Federal Reserve will raise interest rates before the end of the year amid a wave of mo...
Foreign Exchange Market Commentary
Mar 03 03:41 GMT, by HY Markets
THE EURO closed lower on Monday as it extends last week's decline. The midrange close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI remain n...
Daily Technical Analysis
Mar 03 03:33 GMT, by FX Instructor
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.1245. A clear break above that area could trigger further bullish pullback testing 1.12...
Market Morning Briefing
Mar 03 03:32 GMT, by Kshitij Consultancy Services
The Euro (1.1192) appears poised for a decline towards 1.1045 in a few days. A break below 1.1114 needed to confirm. Resistances on the upside are 1.1270 and 1.1340. Further profit-taking in Dollar-Y...
AUD/USD – Has Eyes Back On Support At 0.77 Again
Mar 03 02:17 GMT, by MarketPulse
After finally springing to life in the middle of last week, the Australian dollar dropped sharply to close out the week and fall back down below 0.7800 again to more familiar territory below the resi...
Australia 200 – Moves Through To New Multi-Year High Near 6000
Mar 03 02:14 GMT, by MarketPulse
The Australia 200 index just continues on its merry way steadily moving higher above the key 5800 level to reach yet another multi-year high near 6000. In the last month or so the Australian 200 inde...
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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