Feb 23 14:12 GMT


Forex Expos

Action Insight

Mid-Day Report: Dollar Drifts Lower after Treasury Mnuchin's Comments
Feb 23 14:05 GMT, by
Dollar drifts lower in early US session after comments from US treasury secretary Steve Mnuchin. Regarding the long awaited phenomenal tax overhaul, Mnuchin just said that the administration is primarily focused on a middle income tax cut and a simplification for business. He also reiterated that any tax cuts for the wealthy getting canceled ...

Technical Outlook

GBP/JPY Daily Outlook
GBP/JPY is trading in range of 138.53/142.79 and intraday bias stays neutral for the moment. Overall, price actions fro... - Feb 23 08:15 GMT
EUR/JPY Daily Outlook
EUR/JPY's correction fall from 124.08 resumed and dived to as low as 118.59. At this point, we'd still expect strong su... - Feb 23 08:12 GMT
EUR/AUD Daily Outlook
EUR/AUD breached 1.3671 key support level but recovered quickly. Intraday bias is turned neutral first. We'd still view... - Feb 23 08:02 GMT
EUR/GBP Daily Outlook
EUR/GBP recovered after hitting 0.8402 and intraday bias is turned neutral again. But near term outlook stays cautiousl... - Feb 23 07:59 GMT

Special Reports

FOMC Signaled Rate Hike To Come 'Fairly Soon'
Feb 23 04:14 GMT
The FOMC minutes for the January meeting were a hawkish one. Many members expre...
RBA Minutes: Cautious Over Subdued Household Consumption
Feb 21 07:16 GMT
RBA minutes for the February meeting contained little news. Indeed, it reinforc...
China Watch: January Money And Inflation Data
Feb 20 11:00 GMT
In PBOC's latest set money report, China's new renminbi loans rose to RMB 2.03 ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter

Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 1.0065
As dollar has retreated after rising to 1.0141 yesterday, suggesting consolidation below this level would be seen and pullback to... - Feb 23 13:23 GMT
Trade Idea Update: GBP/USD - Stand aside
As cable has rebounded again in London morning, retaining our view that further consolidation within recent established range wou... - Feb 23 13:20 GMT
Trade Idea Update: EUR/USD - Sell at 1.0605
Although the single currency rebounded after falling to 1.0493 yesterday and suggesting consolidation above this level would be s... - Feb 23 13:17 GMT
Trade Idea Update: USD/JPY - Hold short entered at 113.30
Current breach of indicated support at 112.90 has retained our bearishness and signal the rebound from 112.62 has ended at 113.78... - Feb 23 13:12 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has fallen again after meeting renewed selling inte... - Feb 23 08:52 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
As the single currency has continued to trade defensively after recent sel... - Feb 23 08:36 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie resumed recent upmove and rose to 88.15 last week, the sub... - Feb 22 09:14 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: USD/CAD - Exit long entered at 1.3120
As the retreat from 1.3210 turned out to be stronger than expected, dampening our bullishness and downside risk remains for weakn... - Feb 23 14:05 GMT
Trade Idea: EUR/JPY - Sell at 120.20
As the single currency rebounded after falling to 118.60 yesterday, suggesting consolidation above this level would be seen and c... - Feb 23 09:44 GMT
Trade Idea: AUD/USD - Hold short entered at 0.7690
Although aussie rebounded after finding support at 0.7649, as long as last week’s high of 0.7732 holds, further consolidation wou... - Feb 23 09:38 GMT
Trade Idea: EUR/GBP - Sell at 0.8495
As euro has recovered after falling to 0.8403, suggesting minor consolidation would be seen and corrective bounce to 0.8470-75 is... - Feb 22 14:57 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
The single currency did meet renewed selling interest at 0.8592 (we r... - Feb 23 10:05 GMT
USD/CAD Elliott Wave Analysis
Despite falling to 1.3009 last week, as the greenback found good supp... - Feb 23 09:57 GMT
EUR/CHF Elliott Wave Analysis
As the single currency has remained under pressure, adding credence t... - Feb 22 10:37 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Feb 23 14:10 GMT

Action Bias

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Fundamental Analysis Reports

Fed Speeches Eyed as Minutes Offer Few Hike Clues
Feb 23 13:14 GMT, by MarketPulse
The minutes from the Federal Reserve on Wednesday, which we were hoping would provide additional clarity on its interest rate expectations, instead displayed the uncertainty the central bank has abou...
USD/JPY - Little Movement as Fed Minutes Slightly Dovish
Feb 23 13:12 GMT, by MarketPulse
USD/JPY continues to trade close to the 113 line this week. The pair has dipped on Wednesday and is trading at 112.88. On the release front, Japanese SPPI edged up to 0.5%, above the forecast of 0.4%...
EUR/USD – Euro Remains Rangebound On Mixed German Data
Feb 23 10:39 GMT, by MarketPulse
EUR/USD is showing limited movement in the Thursday session. Currently, the pair is trading at 1.0540. its lowest level since January 11. On the release front, German numbers were a mixed bag. Final ...
FOMC Minutes Weighs On USD, Oil Is Set To Rally Further
Feb 23 10:15 GMT, by Swissquote Bank SA
The minutes of the January FOMC meeting did not provide ground breaking information as the essence of the Fed’s message did not change since the previous meeting. Investors were left a little disappo...
FOMC Minutes Show Little Urgency for a March Hike
Feb 23 09:12 GMT, by FXGiants
The US dollar slid yesterday after the minutes from the latest FOMC policy meeting disappointed those who were looking for hints that a March hike is underway. Although Fed officials expressed confid...
UK Economy Expands 0.7% In Q4 Of 2016
Feb 23 09:08 GMT, by Dukascopy Swiss FX Group
The British economy showed first signs of Brexit vote influence, as the overall growth slowed, seeing the annual GDP growth rate holding steady at 2%, behind expectations for a 2.2% increase. Neverth...
All Daily Fundamental Reports >>

Technical Analysis Reports

Crude Stocks May Have Snapped Six-Week Build Streak
Feb 23 13:19 GMT, by
Oil prices have bounced back after Wednesday's decline and are thus back higher on the week after Monday's rally. As before, I think oil prices are heading higher. The lack of a clear trend over the ...
Crude OIL Intraday View
Feb 23 11:03 GMT, by Elliott Wave Financial Service
Crude oil has been down strongly yesterday but current leg up from 53.36 looks like a new impulse so resumption of a bullish trend has to be considered. That said, we labeled end of a regular flat fo...
AUDUSD – Near-Term Outlook Is Positive But Firm Break Above 0.7700/30 Pivots Needed To Confirm Bullish Continuation
Feb 23 10:04 GMT, by Windsor Brokers Ltd
Yesterday's fresh attempt above 0.7700 barrier was positive signal, as price continues to hold at the upper side of 0.7600/0.7700 congestion. Overnight's dip on weaker than expected Australian data w...
USDJPY – No Clear N/T Direction While The Price Holds Within 112.60/113.75 Range
Feb 23 10:02 GMT, by Windsor Brokers Ltd
Repeated upside rejection (112.75) of recovery leg from 112.60 (17 Feb trough) and subsequent easing that reversed the largest part of strong 112.60/113.75 recovery, weakened near-term structure. Dai...
GBPUSD – Probes Above Triangle Resistance Give Initial Direction Signals
Feb 23 09:59 GMT, by Windsor Brokers Ltd
Cable remains within near-term triangle following yesterday's unsuccessful probe above upper pivot (10SMA / triangle resistance line at 1.2465). Near-term studies remain neutral, while dailies are mi...
EURUSD Is Consolidating After First Probe Below Daily Cloud, Bears Remain In Play While 55SMA Caps
Feb 23 09:57 GMT, by Windsor Brokers Ltd
The Euro holding around daily cloud base (currently at 1.0557), after yesterday’s break lower that extended below psychological 1.0500 support, but failed to close below daily cloud. Daily close belo...
All Daily Technical Reports >>

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Long Term Forecasts

DAX 6 Month Outlook 2016 H2
Aug 18 14:12 GMT, by MarketPulse
DAX 6 Month Outlook 2016 H2 What impact has Brexit had on Germany? It's still too early to determ...
AUD/USD Australian Dollar 6 Month Outlook 2016 2H
Aug 02 15:28 GMT, by MarketPulse
The RBA seems to be little concerned by Brexit and believes it's far too soon to pass judgment on t...
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...
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