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Feb 08 14:17 GMT

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Mid-Day Report: Yen High as Oil and Stocks Back Under Pressure
Feb 08 13:38 GMT, by ActionForex.com
Renewed selling in oil is giving stocks a hit in European session today and lifts the Japanese yen. After reaching an intraday high of 31.38, WTI crude oil is now back below 30 handle and is trading at 29.85 at the time of writing. The selloff is seen due to the lack of tangible result from the meeting between Saudi Arabia and Venezuela regarding ...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias is EUR/USD remains neutral for the moment. Further rise is in favor in near term to 100% projection of 1.... - Feb 08 13:59 GMT
GBP/USD Mid-Day Outlook
The break of 1.4379 minor support confirmed that rebound from 1.4079 has completed at 1.4667 already. Intraday bias is ... - Feb 08 13:57 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains mildly on the downside for the moment. At this point, we're viewing price actions from... - Feb 08 13:54 GMT
USD/JPY Mid-Day Outlook
USD/JPY dips mildly today but outlook is unchanged. We're treating price actions from 125.85 as a sideway consolidation... - Feb 08 13:39 GMT

Special Reports

BOE United Again To Keep Policy Rate On Hold. GDP And Inflation Forecasts Downgraded
Feb 05 06:02 GMT
Joining the more dovish stance of other central banks in the advanced economy, ...
FX 2016: Avoid Illusioned By Near-Term Euro Strength
Feb 04 09:42 GMT
EURUSD has breached the upper boundary of recent trading range. Rather than imp...
RBA Keeps Its Powder Dry, Leaves Door Open For Rate Cut
Feb 02 04:52 GMT
As universally expected, the RBA left the cash rate unchanged at 2% in February...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9935
As the greenback has staged a strong rebound after intra-day brief fall to 0.9882 on dollar's broad-based strength, suggesting co... - Feb 05 15:48 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.4550
As cable has slipped again after intra-day brief bounce to 1.4593, adding credence to our view that top has possibly been formed ... - Feb 05 15:42 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1175
Despite intra-day brief rise to 1.1249, lack of follow through buying on break of resistance at 1.1239 and current retreat below ... - Feb 05 15:31 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 116.85
As the greenback has rebounded after intra-day brief fall to 116.29, suggesting consolidation above this level would be seen with... - Feb 05 15:25 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Euro's anticipated rebound from 126.17 adds credence to our view that a te... - Feb 05 09:40 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The greenback only recovered to 1.4326 before dropping again, adding crede... - Feb 05 09:07 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has retreated again after meeting resistance at 0.7... - Feb 04 09:02 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7645
Euro's strong rebound after holding above support at 0.7526 signals the pullback from 0.7756 has ended there and bullishness is s... - Feb 05 14:57 GMT
Trade Idea: USD/CAD - Exit short entered at 1.3800
Despite yesterday's fall to 1.3639, the subsequent rebound from there suggests a minor low has been formed there and consolidatio... - Feb 05 14:52 GMT
Trade Idea: EUR/JPY - Hold long entered at 130.45
As the single currency has retreated after meeting resistance at 131.66 yesterday, suggesting further consolidation would be seen... - Feb 05 10:18 GMT
Trade Idea: AUD/USD - Stand aside
As aussie has retreated after rising to 0.7243 yesterday, suggesting consolidation below this level would be seen and pullback to... - Feb 05 10:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Euro's rebound after holding above previous support at 126.09 suggest... - Feb 05 10:41 GMT
USD/CHF Elliott Wave Analysis
Although the greenback edged higher to 1.0256 last week, the subseque... - Feb 05 10:31 GMT
EUR/GBP Elliott Wave Analysis
The single currency remained confined within near term established ra... - Feb 04 10:43 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Feb 08 14:10 GMT

Action Bias

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

USD/JPY - Yen Rally Continues, Close to 116
Feb 08 14:05 GMT, by MarketPulse
The Japanese yen has posted considerable gains on Monday, as USD/JPY trades at 116.30 early in the North American session. On the release front, Japanese Current Account widened to 1.64 trillion yen,...
FX Markets Continue To Debate FOMC's Policy Trajectory
Feb 08 12:55 GMT, by MarketPulse
Last week saw the 'buck's' biggest weekly decline against the dollar index in seven-years (-3%). Even U.S treasuries rallied, pushing 10-year yields to print +1.79% at one point, its lowest level wit...
AUD/USD - Aussie Flirts with 71 Line, Australian Business Confidence Next
Feb 08 12:52 GMT, by MarketPulse
The Australian dollar is flat on Monday, trading just shy of the 0.71 line in the European session. On the release front, there are no major events out of the US to start off the week. In Australia, ...
China FX Reserves Shrank Less Than Expected
Feb 08 11:08 GMT, by Swissquote Bank SA
With Chinese markets closed for the week and a very light economic calendar, investors will watch closely the two appearances of Fed Chairwoman Yellen. The latest job report from the US gave renewed ...
European Market Update: Equity Markets Maintain Soft Tone
Feb 08 11:02 GMT, by Trade The News
FX markets continued to debate FOMC's policy trajectory but the greenback struggled to make back a small fraction from last week's losses. EUR/USD trying to edge towards the 1.12 level while USD/JPY ...
EUR/USD – Euro Subdued To Start off Week
Feb 08 10:58 GMT, by MarketPulse
It's been a quiet start to the week for EUR/USD, which is trading at the 1.1150 in Monday's European session. With no major releases out of Europe or the US on the schedule, it could prove to be an u...
All Daily Fundamental Reports >>

Technical Analysis Reports

STOCKS: Banks Battered as Growth Concerns Intensify; DAX Breaks Key Level
Feb 08 13:00 GMT, by Forex.com
European stocks have been battered this morning, with banks taking the brunt of the sell-off. Sentiment continues to remain downbeat because of growing concerns about the global economy, which is not...
EURUSD: Price Trading Near Resistance
Feb 08 11:16 GMT, by Elliott Wave Financial Service
EURUSD pair broke sharply to the upside last week which has been technically expected after a completed triangle at 1.0810 area where we spotted end of a wave E in B). As such, current leg up is a ne...
Forex Technical Analysis
Feb 08 10:48 GMT, by DeltaStock Inc.
EUR/USD A top has been set at 1.1250 and the outlook on the lower frames is already bearish, for a slide towards 1.1060. Initial intraday resistance lies at 1.1150.
EUR/USD's Bears To Face Monthly R2
Feb 08 09:47 GMT, by Dukascopy Swiss FX Group
Last Friday was the first bearish day for EUR/USD in six consecutive trading sessions. After touching the third monthly resistance at 1.1246, the pair has immediately bounced back to close slightly a...
GBP/USD In Limbo Around 1.45
Feb 08 09:45 GMT, by Dukascopy Swiss FX Group
The Cable took a beating on Friday, as the exchange rate edged closer to the 1.45 psychological level, mostly due to a decline in US Unemployment Rate. The pair remains rather weak and might retreat ...
USD/JPY: Market Reassesses Friday's Data
Feb 08 09:38 GMT, by Dukascopy Swiss FX Group
The Greenback appears to be eager to recover from an almost full week of losses against the Japanese Yen, despite mixed fundamental results on Friday. The USD/JPY currency pair still faces an obstacl...
All Daily Technical Reports >>

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Long Term Forecasts

WTI Crude Oil A Year Ahead - Trends And Expectations 2016
Dec 24 11:45 GMT, by MarketPulse
The second half of 2014 saw a sharp drop in the price of WTI Crude Oil, which had traded at $105 a ...
DAX Year Ahead – Trends And Expectations 2016
Dec 24 11:11 GMT, by MarketPulse
It has been another testing year for the German economy but once again it has shown the kind of str...
British Pound Year Ahead - Brexit To Dominate 2016
Dec 22 12:49 GMT, by MarketPulse
This has been something of a turnaround year for the UK in which unemployment has fallen back to pr...
Gold for Bear Market?
Oct 13 13:23 GMT, by Merk Hard Currency Fund
A "bear market" is frequently defined as a decline of at least 20% in the S&P 500 index. Troubl...
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...
All Long Term Forecasts >>
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