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Feb 07 14:57 GMT

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Weekly Review and Outlook: Dollar Sold off on Fed Expectations, Focus Back to Stocks and Oil
Feb 07 04:41 GMT, by ActionForex.com
Dollar tumbled broadly last week as markets were pricing out chance of a rate hike by Fed in near term. However, the greenback's weakness was overwhelmed by Aussie towards the end of the week as traders seemed unconvinced by the recovery in risk appetite. WTI crude oil also struggled to find follow through buying above 30 handle and there seemed t...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD surged to as high as 1.1247 last week as the rebound from 1.0517 resumed. A temporary top was formed and initia... - Feb 07 03:51 GMT
USD/JPY Weekly Outlook
USD/JPY dropped sharply to as low as 106.27 last week but is staying in range of 115.96/125.85 so far. Outlook is uncha... - Feb 07 03:45 GMT
GBP/USD Weekly Outlook
The rise from 1.4079 extended higher last week and was stronger than expected. But still, we're treating it as a correc... - Feb 07 03:40 GMT
USD/CHF Weekly Outlook
USD/CHF staged a sharp reversal last week as the corrective rise from 0.9784 has completed at 1.0255. Initial bias stay... - Feb 07 03:37 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 >>

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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 05 21:55 GMT

Action Bias

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

Weekly Economic and Financial Commentary
Feb 06 03:40 GMT, by Wells Fargo Securities
The U.S. economy clearly lost momentum during the latter part of 2015 and the employment data are now reflecting that slower pace. Employers added just 151,000 jobs in January, which was about 40,000...
The Weekly Bottom Line
Feb 06 03:25 GMT, by TD Bank Financial Group
Punxsutawney Phil did not see his shadow this week, divining that winter will soon be over. Investors are hoping that his prediction might also apply to the chill in financial markets. They did not g...
What the January NFP Report Means for Fed Policy
Feb 06 03:19 GMT, by Forex.com
As the monthly tradition dictates, traders eagerly awaited today's US jobs report with the (lack of) patience of a kid on Christmas. When the report was finally unveiled, it was by no means the antic...
Weekly Focus: Riksbank's Time to Ease
Feb 06 02:53 GMT, by Danske Bank
This week has seen further decline inflation expectations and interest rates. Concerns about the US economy prompted a sharp fall in the US dollar. The fall in inflation expectations raises que...
Week Ahead in FX - After NFP Miss All Eyes on Janet Yellen
Feb 06 02:48 GMT, by MarketPulse
The U.S. non farm payrolls (NFP) report published on Friday revealed a slowdown of the headline jobs number. The American economy added 151,000 jobs in January coming under the market's forecast of 1...
Jobs: Late Cycle Job Slowdown, Rising Labor Costs
Feb 05 15:00 GMT, by Wells Fargo Securities
Our theme for the annual outlook was the Great Divide and we certainly see this in today's employment report. Nonfarm employment rose 151,000 in December - a downshift consistent with slower overall ...
All Daily Fundamental Reports >>

Technical Analysis Reports

WTI Still in its Bearish Channel Despite Week-Long Rollercoaster Ride
Feb 06 02:56 GMT, by Forex.com
It's been a roller coaster ride of a week for all major asset classes, but the moves in oil were perhaps the most harrowing. West Texas Intermediate (WTI) crude oil opened Monday's trade near 34.00, ...
Gold's Impressive Surge Continues ahead of NFP
Feb 05 12:44 GMT, by Forex.com
Gold's 10 per cent rally since early December has certainly been impressive, but not a surprise given the on-going stock market turmoil and dollar weakness. The precious metal obviously pays no inter...
Forex Technical Analysis
Feb 05 10:09 GMT, by DeltaStock Inc.
EUR/USD continues to advance forward, towards the projected target at 1.1305. Initial intraday support lies at 1.1150, followed by the crucial low at 1.1060.
USD Index Could Bounce Higher
Feb 05 10:02 GMT, by Elliott Wave Financial Service
USD Index is accelerating to the downside after 98.45 was broken this week which puts wave C) in play that already took out that 97.22 low. However, weakness may not be here for a long-time as curren...
EUR/USD Nears Third Monthly Resistance Line
Feb 05 09:04 GMT, by Dukascopy Swiss FX Group
European common currency continued rallying versus the Greenback on Thursday, by adding 104 extra pips to end the American session at 1.1207. Bottom line: the EUR/USD cross managed to consolidate abo...
GBP/USD Consolidates Below Monthly R1
Feb 05 09:03 GMT, by Dukascopy Swiss FX Group
GBP/USD is currently retreating from the monthly R1, but the currency pair retains potential to go higher from here. Above 1.4680 dollars the Pound should target the 55-day SMA at 1.4740. If the latt...
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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