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Jan 28 14:11 GMT

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Mid-Day Report: Dollar Soft ahead of FOMC
Jan 28 13:24 GMT, by ActionForex.com
Dollar stays soft in consolidation against other major currencies today. Markets are awaiting FOMC statement but some anticipated that it could be a non-event. For sure, Fed is expected to keep policies unchanged. And most likely, it will reiterated that it's patient on starting to hike interest rate from near zero. That would be inline with gen...

Technical Outlook

USD/CAD Mid-Day Outlook
Intraday bias in USD/CAD remains neutral for consolidation below 1.2499 temporary. Downside of retreat should be contai... - Jan 28 13:30 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.4950 continues. Near term outlook stays bearish wi... - Jan 28 13:28 GMT
USD/JPY Mid-Day Outlook
Outlook in USD/JPY is unchanged. The consolidation pattern from 121.84 is still in progress and is likely a triangle pa... - Jan 28 13:26 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral as consolidation from 1.1096 temporary low continues. Upside of recovery shoul... - Jan 28 13:24 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 >>

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Stand aside
Despite yesterday's breach of 0.9131, lack of follow thorugh buying and the subsequent sharp retreat from 0.9168 suggest consolid... - Jan 28 14:07 GMT
Trade Idea Update: GBP/USD - Buy at 1.5145
As the British pound has maintained a firm undertone after yesterday's rally to 1.5223, suggesting the rise from last week's low ... - Jan 28 14:05 GMT
Trade Idea Update: EUR/USD - Stand aside
Although the single currency retreated after rising to 1.1423 yesterday and consolidation is in store, reckon the Kijun-Sen (now ... - Jan 28 13:59 GMT
Trade Idea Update: USD/JPY - Stand aside
Despite yesterday's retreat to 117.34, as the greenback has rebounded again after holding above support at 117.26, adding credenc... - Jan 28 13:57 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Aussie met renewed selling interest right at the lower Kumo last week and ... - Jan 28 10:46 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie resumed recent decline after meeting renewed selling inter... - Jan 28 09:12 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound briefly recovered to 1.5213 last week and renewed sellin... - Jan 27 08:36 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
As the single currency edged higher again after staging a strong rebound from this week's low at 130.15, retaining our view that ... - Jan 28 10:10 GMT
Trade Idea: AUD/USD - Buy at 0.7950
As aussie has rebounded again after finding renewed buying interest at 0.7900, suggesting further consolidation above this week's... - Jan 28 10:07 GMT
Trade Idea: EUR/GBP - Sell at 0.7600
The single currency has recovered again after finding support at 0.7435 today, retaining our view that further consolidation abov... - Jan 27 14:49 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CHF Elliott Wave Analysis
The single currency tumbled earlier this month as SNB removed minimum... - Jan 28 11:51 GMT
AUD/USD Elliott Wave Analysis
The Australian dollar did resume recent downtrend after meeting renew... - Jan 28 11:42 GMT
GBP/USD Elliott Wave Analysis
Although the British pound met renewed selling interest at 1.5213 and... - Jan 27 10:15 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 28 14:05 GMT

Action Bias

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

Fundamental Analysis Reports

Asia FX Fight Back: Will More Countries Follow Singapore?
Jan 28 13:50 GMT, by Forex.com
The Monetary Authority of Singapore (MAS) bit the bullet and joined a wave of other major global central banks by loosening monetary policy today. The MAS, who use the Singapore dollar as its main cu...
Gold in Holding Pattern Ahead of FOMC Statement
Jan 28 13:48 GMT, by MarketPulse
Gold is steady on Wednesday, following gains a day earlier. In the European session, the metal is trading at a spot price of $1292.10. In the US, the markets are keeping a close eye on the FOMC State...
USD/JPY - Unchanged Ahead of Fed Statement, Japanese Retail Sales
Jan 28 13:47 GMT, by MarketPulse
The Japanese yen has been marked by choppy trade on Wednesday, as USD/JPY trades just shy of the 118 line early in the North American session. On the release front, Japan will release Retail Sales la...
EUR/USD - Euro Flat as Markets Await Fed Statement
Jan 28 12:55 GMT, by MarketPulse
The euro is showing little movement on Wednesday, as EUR/USD trades in the mid-1.13 line in the European session. On the release front, GfK German Consumer Climate continues to rise and met expectati...
Will Yellen and the Fed Change the Record?
Jan 28 11:51 GMT, by MarketPulse
Central Banks that are unwilling to commit to something monetary, either action or verbal, are in danger of keeping their own domestic currency's supported. Monetary authorities are in the midst of a...
Stock Take: Can Facebook Continue Apple's Momentum?
Jan 28 10:58 GMT, by Forex.com
After an initial positive open, the European markets are turning lower as they digest some unsettling news including: fighting talk from the Greek PM who said that the Greek government is going to re...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDJPY: Will the Fed Provide a Shot of Adrenaline?
Jan 28 13:52 GMT, by Forex.com
The sun rises on a new trading day, and traders rolled out of bed particularly eagerly today in anticipation of the Fed's monetary policy announcement. With a staggering number of central banks acros...
EUR/USD Surpasses Weekly PP
Jan 28 10:00 GMT, by Dukascopy Swiss FX Group
A strong correction of the Euro to the upside continued back on Tuesday. Bulls managed to push the cross above weekly pivot point at 1.1332 and consolidate above this resistance line, thus closing th...
GBP/USD Is Headed Towards 1.53
Jan 28 09:59 GMT, by Dukascopy Swiss FX Group
Not only did GBP/USD break the weekly PP, it also jumped over a cluster of resistances at 1.5168/45 (weekly R1, monthly S3 and 20-day SMA). Accordingly, the bulls may well push the price even higher,...
USD/JPY Stuck In A Sideways Trend
Jan 28 09:58 GMT, by Dukascopy Swiss FX Group
USD/JPY keeps trading between 119 and 117 for a seventh day in a row, even though the informational background is far from quiet. Eventually the bulls are expected to gain the upper hand and overcome...
XAU/USD Increase Limited By Resistance At 1,290
Jan 28 09:56 GMT, by Dukascopy Swiss FX Group
through the 61.8% Fibo / weekly PP at $1,290. At the same time, this resistance held XAU/USD's bulls from going further to the upside. Nevertheless, it seems that the metal will try to advance above ...
Today's Market Outlook
Jan 28 09:41 GMT, by Windsor Brokers Ltd
The Euro extended recovery rally off 1.1096 low, to probe above 1.14 barrier, with fresh high being posted at 1.1421, where descending daily Tenkan-sen line capped rally. Near-term studies remain pos...
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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