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Weekly Review and Outlook: Volatility to Continue With Key Events Scheduled
Jan 31 14:27 GMT, by ActionForex.com
Euro ended January generally lower as dragged by firstly by SNB's removal of the EUR/CHF floor, then by ECB's massive quantitative easing program. Nonetheless, the common currency was overwhelmed by Canadian dollar's weakness after BoC's surprised rate cut and then a string of weak economic data, including last week's GDP release. New Zealand doll...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD edged lower to 1.1096 last week but turned sideway since then. Initial bias remains neutral this week for conso... - Jan 31 11:43 GMT
USD/JPY Weekly Outlook
The consolidation pattern from 121.84 continued last week. Such consolidation is likely a triangle pattern and more sid... - Jan 31 11:39 GMT
GBP/USD Weekly Outlook
GBP/USD stayed in consolidation above 1.4950 last week and outlook is unchanged. More consolidation could be seen initi... - Jan 31 11:36 GMT
USD/CHF Weekly Outlook
USD/CHF's recovery extended higher last week. But still, such recovery is viewed as a correction only. We'd expect stro... - Jan 31 11:32 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 >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9060
As the greenback has retreated again after inrta-day brief rise to 0.9289, suggesting consolidation below this level would be see... - Jan 30 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Although current break of 1.5018 and 1.4999 support signals the rebound from last week's low at 1.4951 has ended at 1.5223 earlie... - Jan 30 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
Failure to penetrate indicated resistance at 1.1370 and current retreat suggest further consolidation would be seen and weakness ... - Jan 30 15:54 GMT
Trade Idea Wrap-up: USD/JPY - Sell on break of 117.18
As the greenback has retreated quite sharply after meeting renewed selling interest at 118.49 yesterday, suggesting consolidation... - Jan 30 15:51 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY - Candlesticks and Ichimoku Analysis
Although the single currency opened lower this week and dropped to as low ... - Jan 30 09:51 GMT
USD/CAD - Candlesticks and Ichimoku Analysis
The greenback surged again after brief pullback, and once again exceeded a... - Jan 30 09:18 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
The single currency has remained under pressure after last week's selloff ... - Jan 29 09:18 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7600
Euro's rebound after finding support at 0.7442 yesterday has retained our view that further consolidation above this week's low a... - Jan 30 14:43 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has continued to surge and bullishness remains for recent upmove to extend further gain in wave iii towards 1.2820-... - Jan 30 14:40 GMT
Trade Idea: EUR/JPY - Buy at 131.50
As the single currency has remained confined in narrow range, suggesting further sideways trading would be seen and pullback to 1... - Jan 30 10:47 GMT
Trade Idea: AUD/USD - Sell at 0.7850
As aussie has remained under pressure after yesterday's selloff, suggesting recent downtrend is still in progress and may extend ... - Jan 30 10:41 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Despite opening lower early this week, as the single currency held ab... - Jan 30 11:44 GMT
USD/CHF Elliott Wave Analysis
The greenback continued to move higher after staging a strong rebound... - Jan 30 11:31 GMT
EUR/GBP Elliott Wave Analysis
As the single currency has remained under pressure after last week's ... - Jan 29 10:52 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jan 30 21:55 GMT

Action Bias

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

Will Greece Leave the Eurozone?
Jan 31 07:53 GMT, by Wells Fargo Securities
Greek voters went to the polls on Sunday and delivered a resounding victory to the far-left Syriza party. Although Syriza came only two seats short of an absolute majority in the 300-seat Greek Parli...
Weekly Economic and Financial Commentary
Jan 31 07:49 GMT, by Wells Fargo Securities
Developments over the past several months have provided a mixed picture for the current state of capital spending for the U.S. economy. During the fourth quarter, we saw the ISM rise to an initially-...
The Weekly Bottom Line
Jan 31 07:35 GMT, by TD Bank Financial Group
Volatility remained the main theme across global financial markets this week, as a series of international events, a somewhat dovish-interpreted FOMC statement, and choppy earnings reports all helped...
A Month in FX: The Dollar Starts the Year with a Bang
Jan 31 07:30 GMT, by Forex.com
As you can see, apart from the CHF and JPY, the USD has made sharp gains against the rest of the G10 FX space. It has done particularly well against the CAD and the NZD, suggesting that the commodity...
Weekly Focus: Manufacturing Recovery Continues in the Eurozone
Jan 31 07:20 GMT, by Danske Bank
There will be a lot of focus on Fed speeches over the coming week. None of the board members are scheduled to speak but we will have both doves (Narayana Kocherlakota, Eric Rosengren and Dennis P. Lo...
Weaker U.S. Growth Leaves EUR/USD With Little Room To Move
Jan 31 07:17 GMT, by MarketPulse
The GDP numbers out of the United States disappointed by missing the 2014 fourth quarter forecast. In the quarter the U.S. economy expanded at a rate of 2.6 percent, this is lower than the anticipate...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Jan 30 10:38 GMT, by Windsor Brokers Ltd
The Euro holds overall negative tone, with near-term action moving in narrowing range, following pullback from 1.1421 high that found footstep at 1.1460, 50% of 1.1096/1.1421. Daily 10SMA and Tenkan-...
Technical Analysis for Crosses
Jan 30 10:36 GMT, by ICN.com
The pair is still stuck between confirmation levels represented in the support 176.25 and resistance 178.85, as we wait to breach one of them to clearly determine the next move, whereas breaking this...
Technical Analysis for Major Currencies
Jan 30 10:36 GMT, by ICN.com
The EUR/USD pair is attempting to rise and stabilize above 1.1300. Breaching 1.1380 and holding above it favors extending the upside move again, while breaking 1.1285 and stabilizing below it is nega...
EUR/USD's Rise Capped By Weekly PP
Jan 30 09:30 GMT, by Dukascopy Swiss FX Group
On Thursday, the common currency rebounded slightly and partly erased losses that were gained back two days ago. EUR/USD cross has even tried to push itself above the weekly pivot point 1.1332 but al...
GBP/USD Slides To 1.5050
Jan 30 09:29 GMT, by Dukascopy Swiss FX Group
The support at 1.5150, mainly represented by the monthly S3, failed to underpin the Cable amid yesterday's fundamentals and allowed the currency pair to plunge down to 1.5050, namely the weekly PP. T...
USD/JPY Remains Contained In A Narrow Trading Range
Jan 30 09:27 GMT, by Dukascopy Swiss FX Group
USD/JPY keeps fluctuating around 118, as it still lacks momentum. Nonetheless, as long and the support at 116 stays intact, the long-term outlook will be considered bullish, though there are formidab...
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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