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Mar 05 00:13 GMT

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US Session: Orders and Options Watch
Mar 04 14:17 GMT, by ActionForex.com
EUR: The single currency remained under pressure, however, buy orders are still noted at 1.1100 (another barrier with more stops below) and 1.1085, fresh demand should emerge around 1.1065 and 1.1050. On the upside, offers are lowered to 1.1175-80, 1.1200 and 1.1225, more sell orders are expected at 1.1260, 1.1285 and 1.1300, selling interest shou...

Technical Outlook

GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. Rise from 1.4950 is viewed as a corrective move and break of 1... - Mar 04 13:53 GMT
USD/JPY Mid-Day Outlook
USD/JPY is staying in tight range below 120.46 and intraday bias stays neutral. Overall, the pair is bounded in the sid... - Mar 04 13:51 GMT
EUR/USD Mid-Day Outlook
EUR/USD drops further decline and intraday bias remains on the downside for 1.1096 support. Break will confirm down tre... - Mar 04 13:36 GMT
GBP/JPY Daily Outlook
With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect s... - Mar 04 08:24 GMT

Special Reports

China Watch: Flash PMI Signaled Manufacturing Activities Expanded. Deflation Risks Heightened, An Official Warned
Feb 25 10:36 GMT
China's flash manufacturing PMI by HSBC surprisingly drifted back to above 50, ...
Upbeat Yellen Signaled Fed's On Course For Hike Later This Year
Feb 25 06:29 GMT
Fed Chair Janet Yellen in the congressional testimony reiterated the message th...
A Third Of BOJ Members Skeptical Over The Inflation Target
Feb 23 10:49 GMT
The minutes for the January BOJ meeting unveiled that 3 out of the 9 members do...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9560
Despite intra-day brief rise to 0.9681, lack of follow through buying and current retreat suggest consolidation would be seen and... - Mar 04 15:51 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5325
As cable's decline has gathered momentum after breaking indicated level at 1.5333-37 (previous support and 38.2% Fibonacci retrac... - Mar 04 15:45 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1145
Current breach of previous support at 1.1098 confirms early decline has resumed and further weakness to 1.1045-50 would be seen, ... - Mar 04 15:37 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar's near term sideways trading is likely to continue and although initial recovery to 119.85-90 cannot be ruled out, as broa... - Mar 04 15:30 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/USD Candlesticks and Ichimoku Analysis
Although aussie retreated after meeting resistance at 0.7913, as price has... - Mar 04 08:59 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
As aussie has maintained a relatively firm undertone after staging a rebou... - Mar 04 08:30 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after rising to 1.5552 (exactly 3... - Mar 03 10:04 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7265
Although the single currency has slipped again today, loss of downward momentum should prevent sharp fall from here and bring reb... - Mar 04 14:46 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2445
As the greenback has rebounded after finding support at 1.2433, retaining our bullishness and consolidation with upside bias rema... - Mar 04 14:43 GMT
Trade Idea: EUR/JPY - Sell at 133.65
The single currency has fallen again after meeting renewed selling interest at 134.60, suggesting the fall from 136.69 is still i... - Mar 04 09:38 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
As aussie has rebounded after finding good support at 0.7752 yesterday, retaining our bullishness and as long as this level holds... - Mar 04 09:29 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie retreated after early rebound to 0.7913, as long as i... - Mar 04 10:00 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency extended recent rise to 1.0812, as price... - Mar 04 09:57 GMT
GBP/USD Elliott Wave Analysis
The British pound ran into resistance at 1.5552 (exactly 38.2% Fibona... - Mar 03 10:32 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Mar 05 00:05 GMT

Action Bias

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

Fundamental Analysis Reports

Bank of Canada Holds Overnight Rate Steady at 0.75%
Mar 04 16:35 GMT, by RBC Financial Group
The Bank of Canada left the overnight rate unchanged at 0.75% on March 4, 2015 after surprising markets with a 25 basis point cut at its previous meeting in January. Since the Bank's January Monet...
US ISM Non-Manufacturing Index Unexpectedly Edged Upward in February
Mar 04 16:32 GMT, by RBC Financial Group
The ISM non-manufacturing index unexpectedly edged upward by 0.2 percentage points to 56.9 in February 2015 to build on a similar-sized gain in January. Market expectations had been for a slight decr...
Bank of Canada Instant Reaction: Governor Poloz Tells It Like It Is
Mar 04 16:21 GMT, by Forex.com
The North American trading session has been quite exciting so far this morning as a variety of events have hit the wires that have immediate as well as long-term impacts on markets. As for the immedi...
BoC Expected to be on Hold and Dovish
Mar 04 12:54 GMT, by MarketPulse
So far this year the easing programs of the world's biggest Central Banks are pushing the smaller national banks to new policy extremes. Nearly every other week investors are left to figure out the e...
ADP May Spring Markets Back To Life After Mixed PMIs
Mar 04 11:55 GMT, by MarketPulse
A mixed batch of economic data from Europe on Wednesday morning is providing little direction for the financial markets at a time when investors are already likely tread with caution with the ECB mee...
EURUSD Teases An Entrance To 1.10
Mar 04 11:22 GMT, by ForexTime
The EURUSD is currently teasing a return to the eleven-year low at 1.1097 after falling to 1.1115 moments ago. The Euro fall has been driven by the acceptance that issues such as stagnant economic gr...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD - Correction Continues But Support Coming
Mar 04 15:28 GMT, by MarketPulse
In yesterday's cable update I highlighted 1.5350 and 1.54 as being the two key levels which should tell us whether we're still in correction mode, or the correction is over. This morning, the pair br...
USDJPY: Could Friday's NFP Report Interrupt the Tranquil Trading Seas?
Mar 04 14:40 GMT, by Forex.com
The data-heavy portion of the week has officially kicked off, and today's economic figures have confirmed some of the recent trends we've been highlighting. As my colleague Chris Tedder noted earlier...
EURUSD Teases an Entrance to 1.10
Mar 04 12:57 GMT, by ForexTime
The EURUSD is currently teasing a return to the eleven-year low at 1.1097 after falling to 1.1115 moments ago. The Euro fall has been driven by the acceptance that issues such as stagnant economic gr...
EUR/USD on the Verge of Another Breakdown
Mar 04 12:49 GMT, by Forex.com
The EUR/USD is on the verge of taking another leg lower, a day before the European Central Bank meeting. Although not much will be expected from this particular meeting, the focus will be on how the ...
Today's Market Outlook
Mar 04 09:39 GMT, by Windsor Brokers Ltd
The Euro eventually broke below three-day consolidative range floor, ending near-term narrow congestion phase that resulted in three consecutive Dojis. Immediate focus shifts towards key short-term s...
EUR/USD Still Buoyed By Lower Bollinger Band
Mar 04 09:25 GMT, by Dukascopy Swiss FX Group
For a fourth consecutive day EUR/USD is posting no considerable daily changes in its value. On Tuesday, despite being initially supported by the Bollinger band, the pair failed to consolidate above t...
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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