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Jan 27 03:22 GMT

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Daily Report: Euro Holding Gains as Grexit Fear Eased
Jan 27 03:06 GMT, by ActionForex.com
Euro is holding above 1.12 handle against dollar for the moment after recovering from yesterday's post Greek election low of 1.1096. Markets are viewing that Syriza's win in the election as anti-austerity rather than anti-euro and the concern over a Grexit was eased. Eurogroup chairman Jeroen Dijsselbloem also said that yesterday that there was n...

Technical Outlook

EUR/USD Daily Outlook
A temporary low is in place at 1.1096 and intraday bias is turned neutral for some consolidation. Upside of recovery sh... - Jan 27 03:20 GMT
GBP/USD Daily Outlook
A temporary low is in place at 1.4950 and intraday bias is turned neutral first. With 1.5268 resistance intact, near te... - Jan 27 03:17 GMT
USD/CHF Daily Outlook
The corrective recovery in USD/CHF extended higher and met 4 hours 55 EMA. More recovery might be seen and corrective t... - Jan 27 03:13 GMT
USD/JPY Daily Outlook
USD/JPY's consolidation from 121.84 is still in progress and outlook is unchanged. More sideway trading could be seen. ... - Jan 27 03:11 GMT

Special Reports

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...
Unanimous Vote To Keep Rate Unchanged Damped Speculations Of BOE Tightening
Jan 21 11:07 GMT
BOE policymakers dropped rate hike calls as inflation disappointed in recent mo...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.8860
As the greenback has surged again after breaking resistance at 0.8838, suggesting the erratic rise from 0.8352 is still in progre... - Jan 26 16:34 GMT
Trade Idea Wrap-up: GBP/USD - Hold long entered at 1.5000
As cable has rebounded after finding renewed buying interest just below 1.5000, retaining our near term bullishness for the rebou... - Jan 26 16:28 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1375
Although the single currency has rebounded after intra-day initial brief fall to 1.1098 and consolidation with mild upside bias i... - Jan 26 16:20 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 117.50
As the greenback has rebounded again after finding good support at 117.26, retaining our view that further choppy trading within ... - Jan 26 16:16 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency opened lower this morning, lack of follow thr... - Jan 26 08:58 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback only eased to 116.92 before rebounding again (we recommended... - Jan 26 08:24 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency recovered initially this week, euro met renew... - Jan 23 10:23 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7600
Although the single currency opened lower earlier today, lack of follow through selling and current rebound suggest consolidation... - Jan 26 15:32 GMT
Trade Idea: USD/CAD - Stand aside
As the greenback edged higher to 1.2476 earlier today and near term upside risk remains for recent upmove to extend further gain ... - Jan 26 15:25 GMT
Trade Idea: EUR/JPY - Buy at 131.95
Despite intra-day initial brief fall to 130.15, as the single currency found good support there and has quickly rebounded, sugges... - Jan 26 10:07 GMT
Trade Idea: AUD/USD - Sell at 0.8050
As aussie has recovered after intra-day initial fall to 0.7858, suggesting minor consolidation would be seen and corrective bounc... - Jan 26 09:59 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
The greenback found good support at 115.85 and has rebounded, retaini... - Jan 26 10:47 GMT
EUR/USD Elliott Wave Analysis
The single currency only recovered to 1.1680 before meeting renewed s... - Jan 26 10:43 GMT
EUR/JPY Elliott Wave Analysis
The single currency only recovered to 137.64 before running into rene... - Jan 23 10:49 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 27 03:15 GMT

Action Bias

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

AUDUSD Falls To A 5.5-Year Low Ahead Of Australia's All-Important CPI Numbers
Jan 27 02:41 GMT, by Forex.com
The Australian dollar fell to its lowest level since mid-2009 yesterday amidst a global commodity currency sell-off. Iron prices have retreated to multi-year lows as a slowdown in China hampers the d...
GBP/USD – Pound Punches Past 1.50
Jan 27 02:21 GMT, by MarketPulse
The pound has posted gains on Monday and is back above the 1.50 level. In the North American session, GBP/USD is trading in the mid-1.50 range. It's a quiet day on the release front, with no events o...
USD/CAD – Little Movement In Quiet Trading
Jan 27 02:13 GMT, by MarketPulse
The Canadian dollar has stabilized on Monday, as USD/CAD trades in the mid-1.24 range. The loonie took a beating last week, as the pair jumped an astounding 450 points. There are no Canadian or US re...
EM Rundown: The Ukraine Conflict (Again) And Central Bank Meetings
Jan 27 01:53 GMT, by Forex.com
Markets are off to a bit of a slow start to the week as the Australia Day holiday and an utter lack of traditional economic data releases give traders little reason to adjust positions. In the G10 wo...
Having Fallen By Almost 20 Per Cent, How Much More Bearish Can The Euro Go?
Jan 27 01:45 GMT, by Vantage FX
The result finally came out as Greek anti-austerity party Syriza won the election, making the outlook for the country's political situation and economic future murkier. The Euro dropped refreshing it...
USD/JPY - Yen Kicks Off Week With Losses
Jan 26 14:53 GMT, by MarketPulse
The Japanese yen has started the week with losses against the US dollar. Early in Monday' North American session, the pair is trading in the mid-118 range. On Sunday, the Japanese trade deficit narro...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUD/USD – Drops To New Multi-Year Low Near 0.7850
Jan 27 02:35 GMT, by MarketPulse
The last week has seen the Australian dollar fall very sharply and break lower from the trading range that had been established roughly between 0.8050 and 0.8200. This has resulted in a new multi-yea...
Australia 200 – Resistance At 5500 Returns
Jan 27 02:33 GMT, by MarketPulse
In the last week or so the Australian 200 index has surged higher to move back above the key 5400 level to a three week high just shy of the resistance level at 5500. This move is important as it des...
GBPJPY - Halts Weakness, Triggers Correction
Jan 27 01:55 GMT, by FXTechstrategy
GBPJPY - With the cross reversing its early intraday losses to strengthen on Monday, it faces further corrective recovery threats in the days ahead. On the downside, support comes in at the 177.00 le...
EURAUD: Piling On The Euro
Jan 27 01:51 GMT, by Forex.com
To the surprise of many traders today, the euro has been battling back against many of its currency partners despite the turmoil of the last week. While the European Central Bank’s introduction of Qu...
GBP/USD Bounces Off Key Support, UK GDP Eyed
Jan 27 01:49 GMT, by Forex.com
The GBP/USD has bounced back from a key technical support area amid light volumes today. As there was no major economic data scheduled for release and many US investors were probably stuck in snow, t...
USDJPY: Back to the Well
Jan 26 15:27 GMT, by Forex.com
North American markets are a little uninterested this morning as a variety of factors have investors paying attention to other matters outside of the trading world. While the Greek election over this...
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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