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Jan 28 09:10 GMT

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Daily Report: Dollar Consolidates as Markets Await FOMC
Jan 28 06:12 GMT, by ActionForex.com
Dollar stays in consolidation against other major currencies as markets await FOMC announcement later today. We do not expect the Fed would change its monetary stance this month. Yet, the FOMC meeting provides a chance for policymakers to communicate its assessment of strong USD and weak oil prices on domestic and global economic developments. Mar...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment as consolidation from 175.86 continues. But still, as long as 1... - Jan 28 07:42 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for consolidation above 130.13 temporary low. Upside of recovery limited by 13... - Jan 28 07:37 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for some more consolidation above 0.7403 temporary low. Upside of recovery sho... - Jan 28 07:34 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment as sideway trading continues. Near term outlook will stay beari... - Jan 28 07:31 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 : 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 07:53 GMT
Trade Idea: GBP/USD - Buy at 1.5145
As the British pound has retreated after yesterday's rally to 1.5223, suggesting minor consolidation would be seen but reckon the... - Jan 28 07:47 GMT
Trade Idea: 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 07:42 GMT
Trade Idea: 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 07:30 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: 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
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
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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Currency Heat Map (Daily)

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Last Updated: Jan 28 09:05 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↑ UP- NE↑ UP↑ UP
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Fundamental Analysis Reports

Antipodeans Gain On Singapore's Surprise Action, Fed Decision Day
Jan 28 08:27 GMT, by Swissquote Bank SA
The Fed will announce verdict today amid two day policy meeting. Released yesterday, the unexpected contraction of US durable goods orders revived the expectations for balanced-to-dovish Fed statemen...
Poor US Data Reinforce EUR/USD Squeeze
Jan 28 07:52 GMT, by KBC Bank
Yesterday, the euro rebound continued. This was partially a technical correction on the post-ECB QE euro sell-off, but dollar weakness played a role, too. Today, there are few eco data on the calenda...
Eurogroup Provides Greece With Mire Time To Repay Debt, But Rejects Debt Reduction
Jan 28 07:29 GMT, by Dukascopy Swiss FX Group
While Greece's Syriza party seeks to keep its election promise to replace the bailout plan, which expires on February 28, with a new agreement that eases austerity and relieves Greece's debt burden, ...
US Posts Uneven Fundamentals
Jan 28 07:28 GMT, by Dukascopy Swiss FX Group
Demand for big-ticked manufactured goods unexpectedly plunged in December, a sign US businesses are cautious to spend even in light of the strong economic recovery. Durable goods orders fell a season...
UK Economy Grows The Most Since 2007
Jan 28 07:27 GMT, by Dukascopy Swiss FX Group
While the UK economy recorded the fastest annual growth rate since the financial crisis of 2007, the economic recovery lost some steam in the final quarter of 2014. According to the Office for Nation...
Australia's Business Conditions Fall In December
Jan 28 07:25 GMT, by Dukascopy Swiss FX Group
Australian business conditions deteriorated in December, while sentiment remained weak, increasing pressure on the Reserve Bank of Australia to cut interest rates in the coming months. According to t...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Jan 28 06:36 GMT, by Varengold Bank
The dollar declined from a more of a decade high after U.S. durable goods orders unexpected decreased sharply 3.4% (+0.3% exp.) in December for a fourth month and Federal Reserve policy makers began ...
EURAUD Building Up For A Break Below 1.40
Jan 28 05:32 GMT, by ThinkForex
Since the initial rejection of 1.40 on 16th Jan price rebounded to 1.4413 where it produced a Dark Cloud Cover reversal. Since then price has coiled up and even made an intraday break below 1.40 to c...
US$ Index, Still No Top But...
Jan 28 05:09 GMT, by Foreign Exchange Analytics
In the Jan 20th email, again said there was no confirmation of even a shorter term top 'pattern-wise'. The market did indeed continue higher, currently consolidating from the Jan 23rd high at 95.50 (...
Foreign Exchange Market Commentary
Jan 28 04:31 GMT, by HY Markets
THE EURO closed higher on Tuesday. The highrange close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher...
Daily Technical Analysis
Jan 28 03:39 GMT, by FX Instructor
The EURUSD continued its bullish correction yesterday topped at 1.1421. The bias is bullish in nearest term testing 61.8% Fib retracement of 1.1650 – 1.1096 as you can see on my hourly chart below lo...
Market Morning Briefing
Jan 28 03:39 GMT, by Kshitij Consultancy Services
Euro (1.1335) saw a first substantial 100+ pip move since mid-Dec. Its too early to call it a turnaround, as so much uncertainty still remains. The current bounce was limited to near 61% of recent fa...
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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