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Feb 09 09:45 GMT

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Daily Report: Yen Surges Further as Markets in Full Risk Averse Mode
Feb 09 04:32 GMT, by ActionForex.com
Yen extends broad based rally together with Swiss Franc as the financial markets are in full risk averse mode. DJIA dived to as low as 15803.55 overnight before paring some loss to close at 16027.05, down -117.92 pts or -1.1%. Nikkei followed and is trading down -836.09 pts or -4.92% at the time of writing. Australia ASX 200 is also down -125.9 pt...

Technical Outlook

EUR/GBP Daily Outlook
The break of 0.7754 resistance indicate resumption of recent rise from 0.6935. Intraday bias is back on the upside for ... - Feb 09 07:15 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains mildly on the upside for 1.6074 resistance. Break will extend recent rally from 1.4347... - Feb 09 07:11 GMT
EUR/CHF Daily Outlook
Price actions from 1.1198 are viewed as a corrective pattern. Thus, in case of deeper pull back, we'd expect downside t... - Feb 09 07:08 GMT
GBP/JPY Daily Outlook
The strong break of 168.55 minor support confirmed that recovery from 163.96 is finished at 175.01 already. Intraday bi... - Feb 09 05:17 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 : USD/CHF - Stand aside
Although the greenback rebounded after falling to 0.9882 last week, dollar met renewed selling interest at 0.9985 and has fallen ... - Feb 09 09:00 GMT
Trade Idea: GBP/USD - Target met and stand aside
Although cable did fall again after meeting renewed selling interest at 1.4550 and reached our indicated downside target at 1.443... - Feb 09 08:54 GMT
Trade Idea : EUR/USD - Stand aside
Although the single currency did slip after entering our short position at 1.1175 (the reaction high was 1.1184) and fell to as l... - Feb 09 08:20 GMT
Trade Idea: USD/JPY - Stand aside
Although the greenback did rebounded after finding buying interest at 116.78 (we recommended to buy at 116.85) and price rose to ... - Feb 09 07:41 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: AUD/USD - Sell at 0.7125
Although aussie rose to as high as 0.7243 late last week, the subsequent selloff suggests top has possibly been formed there and ... - Feb 09 09:36 GMT
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
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 09 09:40 GMT

Action Bias

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

European And U.S. Equity Sell-Off Continues, Gold Keeps On Surging
Feb 09 09:27 GMT, by Swissquote Bank SA
Uncertainty is rife in the financial markets and volatility was significantly high on Monday. In the U.S, the S&P 500 recorded a loss as it closed at -1.42% at 1853.44 points. The fear of a US re...
Yen Strengthens Below Key USD/JPY 115.98
Feb 09 09:18 GMT, by KBC Bank
The yen continues to strengthen as global risk sentiment deteriorates further. The euro and the dollar are more or less in balance. The jury is still out which one might be the second best after the ...
Gold Reaches $1200 As Safe-Havens Continue To Gain
Feb 09 09:10 GMT, by ForexTime
The financial markets are continuing to succumb to extraordinary pressures with the Asian markets encountering a sharp sell-off overnight, and following the lead that was set during both the European...
Euro Zone Investor Sentiment Index Continues To Decline, ECB To Boost QE
Feb 09 08:20 GMT, by Dukascopy Swiss FX Group
The Euro zone investor sentiment index declined for a second month in a row to the lowest level since early 2015, as prospects for the US economy deteriorated and the German economy cooled. Sentix's ...
Japan's 2015 Current Account Surplus Surges Six-Fold Amid Cheap Oil
Feb 09 08:19 GMT, by Dukascopy Swiss FX Group
Japan logged an 18th current account surplus in a row amid a plunge in crude oil imports and a travel surplus due to the Japanese Yen's depreciation. In the final month of 2015, Japan reported a curr...
US Labour Market Cools In January
Feb 09 08:10 GMT, by Dukascopy Swiss FX Group
The US labour market started the year on a weaker footing, the Fed's comprehensive measure showed. The Labor Market Conditions Index dropped to 0.4 points in January after a revised 2.3 points in Dec...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD To Challenge Monthly R3 At 1.1246
Feb 09 09:25 GMT, by Dukascopy Swiss FX Group
EUR/USD turned around yesterday, as rising market instability raised attractiveness of the Euro and sent the pair back to 1.12. The monthly R2 at 1.1115 acted as a reliable support line and managed t...
GBP/USD: Bullish Trend Intact
Feb 09 09:24 GMT, by Dukascopy Swiss FX Group
The British currency extended its decline against the US Dollar on Monday, but with trade closing above the expected 1.44 level. The Cable has been trading in a bullish trend for three weeks straight...
USD/JPY Slides Deeper Down On Risk Aversion
Feb 09 09:23 GMT, by Dukascopy Swiss FX Group
With demand for safe-haven assets higher on Monday, the USD/JPY currency pair fell to a one-year low, while volatility stretched out even further. The risk-off sentiment also dominates today, therefo...
Gold Sees Upside Pressure, Set To Retest 1,200
Feb 09 09:21 GMT, by Dukascopy Swiss FX Group
Stress across global equity markets is skewing gold's risks to the upside. Yesterday the August 2015 high/monthly R2 at 1,170/68 defended intraday bearish attacks, which resulted in a resumption of t...
USD/JPY Crashes Through Floor By Breaking Long-Term Support
Feb 09 07:35 GMT, by Admiral Markets
The EUR/USD has made a bullish bounce at the 38.2% Fibonacci level and is now resting the top (red). A break above resistance confirms the development of a wave A (green), whereas a bearish bounce co...
AUDUSD Drops Below Ascending Trend-Channel Support
Feb 09 07:33 GMT, by Admiral Markets
Following its pullback from 0.7215-20 important resistance confluence, encompassing upper-line of a month old ascending trend-channel and 38.2% Fibonacci Retracement of June 2015 – January 2016 downs...
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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