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Feb 10 04:35 GMT

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Daily Report: Dollar Mixed as Markets Await Fed Chair Yellen
Feb 10 03:42 GMT, by ActionForex.com
US markets ended mildly lower last night after see-saw price actions. DJIA lost -12.67 pts or -0.08% to close at 16014.38 while S&P 500 lost -1.23 pts or -0.07% to close at 1852.21. Crude oil finally let go out 30 handle and dipped to as low as 27.74 and is trading around 28.4 for the moment. 10 year yield breached 1.7 briefly to 1.699 but rec...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the upside for 100% projection of 1.0517 to 1.1059 from 1.0809 at at 1.1351. Firm b... - Feb 10 04:02 GMT
GBP/USD Daily Outlook
The rebound from 1.4079 has completed at 1.4667 already. Intraday bias remains mildly on the downside for retesting 1.4... - Feb 10 03:59 GMT
USD/CHF Daily 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 03:56 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 125.85 has just resumed and should t... - Feb 10 03:50 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 >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 0.9810
As dollar's decline has accelerated after last week's selloff, suggesting recent decline from 1.0328 top is still in progress and... - Feb 09 16:26 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.4410
Although cable retreated initially to 1.4378 on cross-selling in sterling, as price has rebounded again after holding above suppo... - Feb 09 16:18 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1225
The single currency has surged again today, the breach of previous resistance at 1.1249 (last week's high) signals recent erratic... - Feb 09 16:11 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 115.85
As the greenback has remained under pressure after last week's selloff, suggesting recent decline from 125.86 top is still in pro... - Feb 09 15:58 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency has finally rallied last week and broke above resistan... - Feb 09 10:56 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback ran into heavy offers at 121.69 and dropped sharply last wee... - Feb 09 10:21 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Euro's anticipated rebound from 126.17 adds credence to our view that a te... - Feb 05 09:40 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7755
The single currency only eased to 0.7661 (we recommended in our previous update to buy at 0.7645 and missed the long entry) befor... - Feb 09 14:44 GMT
Trade Idea: USD/CAD - Buy at 1.3785
As the greenback staged a strong rebound after falling to 1.3639 last week, suggesting a temporary low has been formed there and ... - Feb 09 14:39 GMT
Trade Idea: EUR/JPY - Sell at 129.50
The single currency has dropped sharply after meeting renewed selling interest at 130.91 yesterday, signaling top has been formed... - Feb 09 09:44 GMT
Trade Idea: AUD/USD - Sell at 0.7125
Although aussie rose to as high as 0.7243 late last week, the subsequent selloff suggests top has possibly been formed there and ... - Feb 09 09:36 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
The single currency did hold right at the trendline support and stage... - Feb 09 11:20 GMT
USD/JPY Elliott Wave Analysis
Despite rising to 121.69 late last month, the subsequent reversal tog... - Feb 09 11:10 GMT
EUR/JPY Elliott Wave Analysis
Euro's rebound after holding above previous support at 126.09 suggest... - Feb 05 10:41 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Feb 10 04:30 GMT

Action Bias

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

Fundamental Analysis Reports

USD/CAD – Loonie Decouples From Oil Price Fall
Feb 10 02:13 GMT, by MarketPulse
The loonie was not dragged down by a tumble in oil prices and managed to eke out gains after the Canadian and U.S. bond yield spreads narrowed due to the softness of the big dollar. The USD was being...
Stock Market Enigma
Feb 10 01:56 GMT, by Vantage FX
'It all has a 2008 global crisis feel about it, without the underlying causes. Shares in the big four local banks fell by a surreal 4 per cent to 5.2 per cent on Tuesday.' This extract from the Sydne...
Yen Safe Haven Flows Dominate Sessions
Feb 09 12:54 GMT, by MarketPulse
Global financial turmoil continues to influence safe-haven flows and stall the mighty USD's 18-month climb. Global growth fears have fixed income dealers looking for clues on the FOMC's policy tra...
US Crude Struggling at Key $30 Level
Feb 09 12:52 GMT, by MarketPulse
US crude is steady on Tuesday, as March futures trade at the $30 level in the European session. Brent crude futures are currently trading at $33.36. Today's key event is US JOLTS Job Openings, with t...
EUR/USD – Steady At 1.12, Markets Eye US Jobs Report
Feb 09 11:09 GMT, by MarketPulse
EUR/USD has posted slight gains on Tuesday, as the pair trades at the 1.12 line in the European session. On the release front, German Industrial Production disappointed, posting a decline of 1.2%. To...
India Is A Bright Spot, Risk-Off Sentiment Dominates
Feb 09 10:58 GMT, by Swissquote Bank SA
India continues to be a bright spot in the global economy. India's 4Q 2015 headline GDP expanded 7.3% y/y above expectations. Manufacturing surprisingly spiked in 4Q yet overall solid results were dr...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Feb 10 03:35 GMT, by Kshitij Consultancy Services
Dollar Yen (114.54) has hit a low of 114.18, not far away from our initial target of 114.00-113.90. The best the Dollar bulls can expect at this point would be a sideways consolidation in the range o...
Oil Slips And Could Target $25.40
Feb 10 02:28 GMT, by ThinkForex
Yesterday produced a clear break of the neckline of a potential head and shoulders pattern which if successful, projects an approximate target around $25.40. The velocity of the break makes me suspec...
Daily Technical Analysis
Feb 10 02:09 GMT, by FX Instructor
The EURUSD continued its bullish momentum yesterday topped at 1.1337. The bias remains bullish in nearest term testing 1.1400 before targeting 1.1500 region. Immediate support is seen around 1.1260 f...
EURJPY - Looks To Put In Temporary Bottom
Feb 10 02:06 GMT, by FXTechstrategy
EURJPY - With price rejection now seen, the pair looks to put in temporary bottom. Unless the pair returns below the 128.26 level, we think a corrective recovery should occur. On the downside, suppor...
GBP/JPY Plummets Back Down To Retest Multi-Year Lows
Feb 10 02:03 GMT, by Forex.com
Late January saw a substantial rally for GBP/JPY that lifted off from nearly a two-year, hammer candle low around the 164.00 support target. This rally was extended at the end of January by the Bank ...
EUR/GBP At A 1-Year High – Bulls May Eye .8000 Next
Feb 10 02:02 GMT, by Forex.com
Earlier today, we talked about the recent strength of the euro in the context of EUR/USD, but the moves in EUR/GBP since the start of December have been even more impressive. Since bottoming near the...
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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