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Feb 10 15:21 GMT

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Mid-Day Report: Dollar Recovers as Fed Yellen Reiterates Gradual Rate Path
Feb 10 14:21 GMT, by ActionForex.com
Dollar is regaining some ground against Euro in early session, after suffering steep selloff since last week. In her prepared remarks for the testimony before House Financial Services Committee, Fed chair Janet Yellen noted that the central is still on course to pursue gradual adjustments to monetary policies. On the positive side, she noted con...

Technical Outlook

GBP/USD Mid-Day Outlook
Outlook in GBP/USD is unchanged. The rebound from 1.4079 has completed at 1.4667 already. Further fall should be seen f... - Feb 10 14:38 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the downside at this point. Current decline should now target 0.9475 key support le... - Feb 10 14:36 GMT
EUR/USD Mid-Day Outlook
A temporary top is in place at 1.1337 ahead of 100% projection of 1.0517 to 1.1059 from 1.0809 at at 1.1351. Intraday b... - Feb 10 14:20 GMT
GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains on the downside for 163.96 low. Break will confirm resumption of larger fall from 195.... - Feb 10 08:23 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 >>

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Stand aside
As dollar has remained under pressure after recent selloff, bearishness remains for the major fall from 1.0328 top to extend furt... - Feb 10 13:51 GMT
Trade Idea Update: GBP/USD - Stand aside
Although cable has surged again after intra-day brief pullback to 1.4441 and the breach of 1.4550 resistance suggests the pullbac... - Feb 10 13:44 GMT
Trade Idea Update: EUR/USD - Stand aside
As the single currency has retreated after rising to 1.1338 yesterday, suggesting minor consolidation below this level would be s... - Feb 10 13:29 GMT
Trade Idea Update: USD/JPY - Stand aside
As the greenback has recovered after holding above support at 114.21, suggesting further consolidation above this level would be ... - Feb 10 13:25 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although cable's rebound last week turned out to be stronger than expected... - Feb 10 09:26 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback has continued to head south after falling sharply from 1.025... - Feb 10 09:05 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency has finally rallied last week and broke above resistan... - Feb 09 10:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7755
Although the single currency has retreated after rising to 0.7851 yesterday and consolidation below this level would be seen, as ... - Feb 10 14:39 GMT
Trade Idea: USD/CAD - Hold long entered at 1.3785
The greenback has rebounded after finding renewed buying interest at 1.3785, consolidation with mild upside bias remains for anot... - Feb 10 14:26 GMT
Trade Idea: EUR/JPY - Stand aside
Euro's rebound from 128.27 (yesterday's low) turned out to be stronger than expected, dampening our bearishness and further conso... - Feb 10 10:08 GMT
Trade Idea: AUD/USD - Stand aside
Despite falling briefly to 0.6974 yesterday, aussie found good support there and has staged a strong rebound, suggesting the decl... - Feb 10 09:58 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound rebounded last week to as high as 1.4669, ... - Feb 10 10:35 GMT
GBP/CHF Elliott Wave Analysis
Sterling met renewed selling interest at 1.4771 earlier this month an... - Feb 10 10:28 GMT
EUR/USD Elliott Wave Analysis
The single currency did hold right at the trendline support and stage... - Feb 09 11:20 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Feb 10 15:15 GMT

Action Bias

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

US Crude Dips Below $28, Markets Eye Yellen Testimony, US Crude Inventories
Feb 10 15:16 GMT, by MarketPulse
US crude is steady on Wednesday, as March futures trade at the $28 level in the North American session. Brent crude futures are struggling just above the symbolic $30 level, trading at $30.59. In the...
NZD/USD - Steady Ahead of Yellen Testimony, NZ Manufacturing Report
Feb 10 14:31 GMT, by MarketPulse
NZD/USD is unchanged on Wednesday, as the pair is trading at 0.6640 early in the North American session. In economic news, Janet Yellen will testify before the House Financial Services Committee in W...
AUD/USD - Aussie Higher as Markets Eye Fed, RBA
Feb 10 12:57 GMT, by MarketPulse
The Australian dollar has gains on Wednesday, as AUD/USD trades at the 0.71 line in the European session. In economic events, Australian Westpac Consumer Sentiment posted a sharp gain of 4.2%. On Wed...
What Investors Need Yellen To Say Today
Feb 10 12:40 GMT, by MarketPulse
Expect Fed Chair Yellen to be walking a fine line later this morning. Ms. Yellen is due to testify on the Semiannual Monetary Policy Report before the House Financial Services Committee. Her remar...
USD/JPY - Strong Yen Shrugs off Weak Japanese Inflation Report
Feb 10 12:38 GMT, by MarketPulse
The Japanese yen is steady on Wednesday, as USD/JPY trades slightly below the 115 line in the European session. On the release front, Japanese PPI posted a sharp decline of 3.1%. In the US, today's k...
Yellen To Testify Before The US Congress
Feb 10 10:49 GMT, by Swissquote Bank SA
Markets are now excluding a Fed rate hike for March as inflation is clearly not picking up despite low unemployment rates. 2015 CPI is stalling at 0.7% y/y, far away from the Fed’s target of 2%. A ra...
All Daily Fundamental Reports >>

Technical Analysis Reports

Stocks Surge on Short-Covering; Deutsche Boosts Banks, DAX
Feb 10 12:45 GMT, by Forex.com
European stocks have bounced back sharply today, with the major indices rising between 1 and 3 per cent by mid-morning session. The equity market rally is in part because of short-side profit-taking ...
Today's Market Outlook
Feb 10 11:04 GMT, by Windsor Brokers Ltd
The Euro peaked 1.1336, fresh 3 ½ month high, on yesterday’s acceleration and closed above 1.1264, former Fib 76.4% barrier, confirming bullish resumption on long bullish daily candle. Consolidation ...
Forex Technical Analysis
Feb 10 09:26 GMT, by DeltaStock Inc.
EUR/USD Yesterday's break through 1.1250 peak led to a new high at 1.1337 and my outlook remains bullish, for a rise towards 1.1490. Initial intraday support lies at 1.1240 and crucial on the downsid...
EUR/USD Breaches 1.1250, Sets Eye On 1.1330
Feb 10 08:35 GMT, by Dukascopy Swiss FX Group
Continuous worries about global economy helped the Euro in gaining more strength on Tuesday. EUR/USD penetrated the last monthly resistance line (monthly R3) at 1.1246 and closed the daily session ne...
USD/JPY: Market Turmoil Remains
Feb 10 08:33 GMT, by Dukascopy Swiss FX Group
The USD/JPY settled in front of the immediate support cluster yesterday, managing to partially recover from the daily low of 114.20. Demand for safe-haven assets such as the Yen remains high, thus, w...
GBP/USD Enjoys Quiet Trade Ahead Of Fundamental Data
Feb 10 08:31 GMT, by Dukascopy Swiss FX Group
On Tuesday demand at the immediate support cluster triggered a buying spree of the Cable, causing the pair to recover and stabilise just above the closest resistance level. Technical indicators now s...
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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