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Jan 30 07:52 GMT

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Daily Report: Dollar Firm Against Commodity Currencies as Fed Yellen Expressed Optimism on Economy
Jan 30 04:19 GMT, by ActionForex.com
While the greenback remains strong against commodity currencies, it's struggle to breakout from recent range against European majors. Fed chair Janet Yellen said yesterday in a private luncheon with Senate Democrats that things are going well for the US economy. However, she thought there's still a ways to go in the job markets and thus Fed isn't ...

Technical Outlook

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 30 04:34 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.4950 continues. Near term outlook stays bearish wi... - Jan 30 04:31 GMT
USD/CHF Daily Outlook
USD/CHF's recovery extends higher and further rise could still be seen. But we'd expect strong resistance below 0.9553 ... - Jan 30 04:31 GMT
USD/JPY Daily Outlook
The consolidation pattern from 121.84 is still in progress and is likely a triangle pattern. More sideway trading might... - Jan 30 04:27 GMT

Special Reports

Kiwi Fell To 3.5-Year Low As RBNZ Signaled Next Move Could Be Rate Cut
Jan 29 05:01 GMT
The RBNZ left the OCR unchanged at 3.5% in January. Yet, the market viewed the ...
Fed Upgraded Growth And Employment Outlook, Remains Patient In Rate Hike
Jan 29 04:41 GMT
The FOMC meeting unveiled that policymakers got more optimistic over US economi...
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...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea: EUR/USD - Stand aside
Euro's recovery after finding support at 1.1262 suggests consolidation with mild upside bias would be seen and test of resistance... - Jan 30 07:42 GMT
Trade Idea : USD/JPY - Stand aside
Despite overnight brief rise to 118.49, as the greenback has retreated again since, retaining our view that further consolidation... - Jan 30 07:37 GMT
Trade Idea Wrap-up: USD/CHF - Buy at 0.9110
Current rally above previous resistance at 0.9168 confirms recent upmove has resumed and further gain towards 0.9270 (50% project... - Jan 29 16:09 GMT
Trade Idea Wrap-up: GBP/USD - Exit long entered at 1.5075
Current selloff suggests near term downside risk remains for the retreat from 1.5223 (this week's high) to bring weakness to 1.50... - Jan 29 16:06 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency has remained under pressure after last week's selloff ... - Jan 29 09:18 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 0.9776 and has staged... - Jan 29 08:40 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Aussie met renewed selling interest right at the lower Kumo last week and ... - Jan 28 10:46 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7600
As the single currency has rebounded again today, retaining our view that further consolidation above this week's low at 0.7405 w... - Jan 29 15:22 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has resumed recent upmove and has maintained a firm undertone, suggesting recent upmove is still in progress and cu... - Jan 29 15:18 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency retreated after running into resistance at 134.36 yesterday, suggesting consolidation would be seen and pu... - Jan 29 10:14 GMT
Trade Idea: AUD/USD - Stand aside
Aussie met renewed selling interest at 0.8025 yesterday and has resumed recent decline, dampening our near term bullishness and s... - Jan 29 10:09 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has remained under pressure after last week's ... - Jan 29 10:52 GMT
USD/CAD Elliott Wave Analysis
The greenback continued to move higher after recent rally, adding cre... - Jan 29 10:37 GMT
EUR/CHF Elliott Wave Analysis
The single currency tumbled earlier this month as SNB removed minimum... - Jan 28 11:51 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 30 07:35 GMT

Action Bias

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

UK House Prices Remain Steady, Whereas Realized Sales Fall
Jan 30 07:26 GMT, by Dukascopy Swiss FX Group
According to the Nationwide, annual house price growth in the UK slumped between December and January. The growth was continuously decreasing for five months in a row, as it reached a 14-month low of...
US Initial Jobless Claims Unexpectedly Fall To 15-Year Low, Pending Home Sales Decline
Jan 30 07:21 GMT, by Dukascopy Swiss FX Group
The number of Americans seeking unemployment benefits plunged to the lowest level in 15 years in the week ended January 23, a day after the Fed painted an optimistic outlook for the world's number on...
Deflation Hits Germany, While Unemployment Rate At Lowest Since Reunification
Jan 30 07:14 GMT, by Dukascopy Swiss FX Group
Deflation contagion spreads gradually around Europe, as consumer prices growth in Germany turned negative in January for the first time in more than five years. According to the Federal Statistics Of...
EUR/USD: Euro Trading Marginally Lower Ahead Of The Euro-Zone's CPI Data
Jan 30 06:42 GMT, by GCI Financial
The pair is expected to find support at 1.1267, and a fall through could take it to the next support level of 1.1211. The pair is expected to find its first resistance at 1.1374, and a rise through c...
GBP/USD: Pound Reverses Its Losses This Morning
Jan 30 06:39 GMT, by GCI Financial
The pair is expected to find support at 1.5006, and a fall through could take it to the next support level of 1.494. The pair is expected to find its first resistance at 1.5151, and a rise through co...
AUD/USD: Aussie Trading Higher In The Asian Session
Jan 30 06:39 GMT, by GCI Financial
The pair is expected to find support at 0.7706, and a fall through could take it to the next support level of 0.7624. The pair is expected to find its first resistance at 0.7885, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Jan 30 07:00 GMT, by Varengold Bank
The dollar Closed at the highest level against its peers in more than a decade after the government report showed an improvement of labor market. This strong figures reinforces the views that the Fed...
Foreign Exchange Market Commentary
Jan 30 03:59 GMT, by HY Markets
THE EURO closed higher on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish sig...
Daily Technical Analysis
Jan 30 03:36 GMT, by FX Instructor
The EURUSD didn't make significant movement yesterday. The bias is neutral in nearest term. Overall I remain bearish and still prefer to sell on rallies with key resistance seen between 1.1370 – 1.14...
Market Morning Briefing
Jan 30 03:36 GMT, by Kshitij Consultancy Services
Euro (1.1330) fell to the lows of 1.1260 before rising back to 1.1370. Its too early to say this was a successful retest of the lows. The prices may remain in the range between 1.1450 and 1.1250 over...
Don't Overlook Gold/AUD
Jan 30 02:08 GMT, by ThinkForex
Technically the trend is clearly bullish and within a corrective phase. There is potential for a bullish pennant / flag to form prior to the weekend which would assume a bullish breakout. To trade th...
USDJPY - Faces Price Consolidation
Jan 30 02:01 GMT, by FXTechstrategy
USDJPY - With USDJPY still facing consolidation price action, a directional move is now on hold. On the downside, support comes in at the 117.00 level where a break will target the 116.50 level. Belo...
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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