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Mar 02 12:43 GMT

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European Session: Orders and Options Watch
Mar 02 09:21 GMT, by ActionForex.com
EUR: The single currency has recovered after intra-day initial marginal fall to 1.1160 and minor consolidation is in store, however, offers are still noted at 1.1200, 1.1225 and 1.1245, more sell orders are reported at 1.11260, 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...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains on the upside. rebound from 175.49 would 187.79/189.70 resistance zone. We'd expect st... - Mar 02 09:04 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 02 08:59 GMT
EUR/GBP Daily Outlook
At this point, we'd stay cautious on strong rebound and reversal from 0.7250/53 key support level. Above 0.7403 will tu... - Mar 02 08:53 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 02 08:49 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 - Stand aside
As the greenback has risen again after finding renewed buying interest at 0.9450 on Friday, suggesting recent upmove is still in ... - Mar 02 10:50 GMT
Trade Idea Update: GBP/USD - Sell at 1.5480
Cable's fall from last week's high of 1.5552 has kept price under pressure, retaining our view that top has been formed at there ... - Mar 02 10:48 GMT
Trade Idea Update: EUR/USD - Buy at 1.1130 or sell at 1.1280
As the single currency has recovered after intra-day initial fall to 1.1160, consolidation with mild upside bias is seen for corr... - Mar 02 10:47 GMT
Trade Idea Update: USD/JPY - Stand aside
The greenback has continued to edge higher and broke above previous resistance at 119.84, suggesting near term upside risk remain... - Mar 02 10:42 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/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
Trade Idea: EUR/GBP - Stand aside
Although the single currency has continued to trade lower after resuming recent decline and near term downside risk remains for w... - Feb 27 14:19 GMT
Trade Idea: USD/CAD - Turn long at 1.2445
The greenback found support at 1.2388 yesterday and rebounded from there, retaining our view that further consolidation would be ... - Feb 27 14:17 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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Last Updated: Mar 02 12:35 GMT

Action Bias

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

U.S Dollar Dominant in Deluge of Data
Mar 02 12:37 GMT, by MarketPulse
The Peoples Bank of China managed to get the jump on Capital Markets over the weekend. Chinese policyholders cut interest rates by -25bps for the second time in less than four-months. The Central Ban...
Income and Spending Key to Fed Rate Hike Timing
Mar 02 12:35 GMT, by MarketPulse
The surprise rate cut from the People's Bank of China over the weekend, the second in under four months, is continuing to drive markets higher on Monday, although not overly aggressively in a sign th...
European Market Update: Euro Zone CPI Remain In Negative Territory But Pace Of Decline Eases, Unemployment Improves To Near 3-Year Lows
Mar 02 10:40 GMT, by Trade The News
EUR/USD saw a decline below Friday's low at 1.1176 before consolidating but remained approx. a big finure from its Jan lows. The bond yields in Europe continued to test record lows on reports that th...
ECB Meeting And US Payrolls To Decide Fate Of EUR/USD
Mar 02 08:51 GMT, by KBC Bank
Friday's choppy trading session left EUR/USD little changed and USD/JPY a bit higher, while EUR/GBP reached a new cycle low. So, the broader era of euro weakness continues, even if the downside momen...
French Consumer Were Lavish In January, Germany Approves Greece's Bailout Extension
Mar 02 07:57 GMT, by Dukascopy Swiss FX Group
French consumers appeared to be lavish in January, adding to hopes buoyant consumer spending will support recovery of the Euro zone's second biggest economy. Consumer spending in France rose 0.6% in ...
US GDP Growth 2.2% In Q4, Pending Home Sales Jumps To One-Year High
Mar 02 07:55 GMT, by Dukascopy Swiss FX Group
US economic growth rose more than expected in the fourth quarter, according to the preliminary data. Gross domestic product grew at a 2.2% annual pace, revised down from the 2.6% pace estimated last ...
All Daily Fundamental Reports >>

Technical Analysis Reports

IMM Positioning: Short Covering Reduces Bullish USD Positions Further
Mar 02 10:57 GMT, by Danske Bank
IMM positioning data released on Friday revealed a second consecutive week of short EUR covering which sent non-commercial positioning in the single currency to the least bearish level since January....
Forex Technical Analysis
Mar 02 10:29 GMT, by DeltaStock Inc.
The outlook here is still bearish below 1.1255 resistance, with a risk of further depreciation towards 1.1097 major low. Immediate resistance comes at 1.1255, followed by the crucial 1.1380.
Today's Market Outlook
Mar 02 09:46 GMT, by Windsor Brokers Ltd
The Euro maintains negative tone and extended losses on Asian trading, to post new low at 1.1158. Last Friday’s Doji did not affect overall bears, as weekly close was marked by long red candle and mo...
GBPUSD Can Turn Bearish In March
Mar 02 09:39 GMT, by Elliott Wave Financial Service
Cable has recovered very nicely last month, back to 1.5550 which now seems to be a pullback of a higher degree. However, despite a strong recovery we see rally from the low in corrective formation, l...
EUR/USD Remains Below 1.12
Mar 02 09:10 GMT, by Dukascopy Swiss FX Group
After a sharp drop amounted to 160 pips on Thursday, the shared currency stabilised a day later. Even though the EUR/USD pair tried to rebound toward 1.1250, it failed to sustain a recovery and close...
GBP/USD Trend Uncertain After The Wedge
Mar 02 09:08 GMT, by Dukascopy Swiss FX Group
GBP/USD rebounded a bit after a sharp fall on Thursday. The Sterling encountered support at 1.5395, which prevented a deeper decline. Nevertheless, the Pound failed to go beyond the monthly R1 level,...
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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