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Jan 27 18:53 GMT

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Mid-Day Report: Dollar Lower after Poor Durable Goods Orders
Jan 27 14:14 GMT, by ActionForex.com
Dollar weakens in early US session after weaker than expected economic data. Durable goods orders tumbled -3.4% in December versus expectation of 0.5%. Ex-transport orders also dropped -0.8% versus expectation of 0.6%. That's also the fourth month of decline is the headline orders which suggested that global slowdown could be starting to weigh on ...

Technical Outlook

GBP/USD Mid-Day Outlook
The recovery from 1.4950 extends higher today but is held below 1.5268 resistance intact. Intraday bias remains neutral... - Jan 27 14:42 GMT
EUR/GBP Mid-Day Outlook
A temporary low is in place at 0.7403 and intraday bias is turned neutral for consolidations. But upside of recovery sh... - Jan 27 14:34 GMT
EUR/USD Mid-Day Outlook
The recovery from 1.1096 temporary low extends today and intraday bias remains neutral for some more consolidations. Up... - Jan 27 14:21 GMT
USD/JPY Mid-Day Outlook
USD/JPY's consolidation from 121.84 is still in progress and outlook is unchanged. More sideway trading could be seen. ... - Jan 27 14:19 GMT

Special Reports

Greek Election – Anti-Bailout Coalition Government Raises Financial Instability
Jan 27 05:08 GMT
The far-left Syriza party won Greece's general election by a larger-than-expect...
ECB Decided to Buy Asset Worth of 60B euro a Month, March through September 2016
Jan 22 14:34 GMT
Exceeding the consensus forecast of 50B euro or 50B euro in total, ECB's expand...
BOC Cut Rates, Insuring Against Headwind Posed By Oil Price Decline
Jan 22 04:03 GMT
Surprisingly, the BOC announced to cut its overnight rate to 0.75% from 1% in J...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day brief breach of 0.9131, lack of follow through buying and the subsequent sharp retreat from 0.9168 suggest an i... - Jan 27 16:05 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.5150
As the British pound has rallied again after finding renewed buying interest just above the Kijun-Sen, adding credence to our vie... - Jan 27 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Exit short entered at 1.1390
As intra-day rise has gathered momentum, suggesting near term upside risk remains for the rebound from 1.1098 low to bring retrac... - Jan 27 15:51 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's sharp retreat from 118.66 has reinforced our view that further consolidation within 117.18-118.87 range would be seen an... - Jan 27 15:36 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound briefly recovered to 1.5213 last week and renewed sellin... - Jan 27 08:36 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest at 0.8501 last week and has st... - Jan 27 08:19 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency opened lower this morning, lack of follow thr... - Jan 26 08:58 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: USD/CAD - Sell on break of 1.2400
Although the greenback moved marginally higher to 1.2501 today, lack of follow through buying suggests the greenback is losing ne... - Jan 27 14:18 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency has staged a rebound after yesterday's initial brief fall to 130.15, suggesting a minor low has possibly b... - Jan 27 09:29 GMT
Trade Idea: AUD/USD - Sell at 0.8050
Aussie's recovery after yesterday's initial fall to 0.7858 suggests minor consolidation would be seen and corrective bounce to 0.... - Jan 27 09:15 GMT
Trade Idea: EUR/GBP - Sell at 0.7600
Although the single currency opened lower earlier today, lack of follow through selling and current rebound suggest consolidation... - Jan 26 15:32 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound met renewed selling interest at 1.5213 and... - Jan 27 10:15 GMT
GBP/CHF Elliott Wave Analysis
Although sterling edged higher to 1.5547, the subsequent selloff on S... - Jan 27 10:06 GMT
USD/JPY Elliott Wave Analysis
The greenback found good support at 115.85 and has rebounded, retaini... - Jan 26 10:47 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 27 18:45 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE- NE- NE↓ DN
USDJPY- NE↓ DN- NE- NE
GBPUSD↑ UP↑ UP- NE↓ DN
USDCHF- NE- NE- NE↓ DN
USDCAD↓ DN- NE↑ UP↑ UP
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Forex Brokers

Fundamental Analysis Reports

AUD/USD - Limited Movement as Business Confidence Remains Low
Jan 27 16:19 GMT, by RBC Financial Group
AUD/USD continues to have a quiet week, as the pair trades in the mid-0.79 range on Tuesday. The Aussie is coming off a terrible week, in which it lost over 300 points against the US dollar. On the r...
US Surge in Consumer Confidence Kicked off 2015, Existing Home Prices Rose in November, and New Home Sales Jumped in December
Jan 27 16:17 GMT, by RBC Financial Group
The Conference Board's measure of US consumer confidence surged by 9.8 points to 102.9 in January 2015, thereby beating market expectations for a 95.0 reading, to build on the revised 2.1 point incre...
US New Orders for Factory Durable Goods Dropped 3.4% in December
Jan 27 16:16 GMT, by RBC Financial Group
US new orders for factory durable goods declined by 3.4% in December 2014, which was well below market expectations for a 0.4% increase and followed a downwardly revised 2.1% decline in November that...
USD/JPY - Yen Gains on Weak US Durable Goods
Jan 27 14:41 GMT, by MarketPulse
The Japanese yen has posted gains on Tuesday, as USD/JPY trades in the mid-117 range early in the North American session. There are no Japanese releases on Tuesday. In the US, Durable Goods Orders po...
Weaker-Than-Expected U.K. GDP Growth in Q4
Jan 27 14:39 GMT, by Wells Fargo Securities
Data released this morning showed that real GDP in the United Kingdom rose 0.5 percent (2.0 percent at an annualized rate) in the fourth quarter relative to the previous quarter (top chart). The outt...
UK: Growth Slowed in Q4 but Recovery Remains on Track
Jan 27 13:02 GMT, by Danske Bank
The Office of National Statistics just released the first estimate of UK Q4 GDP growth. The figures show that the UK economy expanded by 0.5 % q/q (2.7 % y/y). It is not a surprise that growth has sl...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDNZD Pressing 1.0715 Resistance as Traders RBNZ-Phobia Grows
Jan 27 13:57 GMT, by Forex.com
Last week, we noted the almost eerie synchronized easing from many of the world's major central banks. The upshot of last week's central bank actions, in particular the BOC's shocking cut, is that tr...
GBP/JPY Down on UK GDP Miss... But Technicals Point Higher
Jan 27 12:59 GMT, by Forex.com
The pound has weakened only moderately in response to the UK fourth quarter GDP data, which came in slightly below expectations this morning. The UK economy expanded 0.5% last quarter, putting the an...
EURUSD Could Drop Down Into Wave 5
Jan 27 11:19 GMT, by Elliott Wave Financial Service
The USD down is moving slightly down but the question is for how long as we see several corrective price action across the FX charts. On EURUSD market made a three wave bounce as expected, about we t...
Today's Market Outlook
Jan 27 10:02 GMT, by Windsor Brokers Ltd
The Euro trades in near-term consolidative phase, off fresh low at 1.1096, posted yesterday. Initial barrier at 1.1290, lower top of 23 Jan, which initially capped upside attempts, gives way, for str...
EUR/USD Rebounds From 12-Year Lows
Jan 27 09:59 GMT, by Dukascopy Swiss FX Group
EUR/USD rebounded during trading on Monday of this week, while the pair returned back above 1.12 level. All in all, daily gains reached as many as 100 pips, with no resistance levels crossed in cours...
GBP/USD Jumps Above Weekly PP
Jan 27 09:58 GMT, by Dukascopy Swiss FX Group
Though we expected more weakness for the Sterling, the currency rebounded from 1.50 because of the new speculations regarding the rate hike in the UK. There is a good chance the currency has not yet ...
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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