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Mar 02 23:04 GMT

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Mid-Day Report: Dollar Firm Despite Weak Data, Euro Lifted by CPI
Mar 02 14:14 GMT, by ActionForex.com
The greenback is mildly higher today and stays firm in early US session after first batch of data. Nonetheless, it stays negative against Euro as the latter was lifted by better than expected inflation data. From US, personal income rose 0.3% in January while spending dropped -0.2%. Both were below expectations. Headline PCE slowed more than expec...

Technical Outlook

EUR/GBP Mid-Day Outlook
EUR/GBP recovers mildly today but momentum is strong enough to warrant reversal yet. Intraday bias stays neutral for th... - Mar 02 14:20 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. At this point, rise from 1.4950 is viewed as a corrective move... - Mar 02 14:20 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral for the moment. Overall, the pair is staying in the sideway consolidation patt... - Mar 02 14:18 GMT
EUR/USD Mid-Day Outlook
EUR/USD recovers after initial dip but further fall is still cautiously in favor as long as 1.1278 minor resistance hol... - Mar 02 14:15 GMT

Special Reports

China Watch: Flash PMI Signaled Manufacturing Activities Expanded. Deflation Risks Heightened, An Official Warned
Feb 25 10:36 GMT
China's flash manufacturing PMI by HSBC surprisingly drifted back to above 50, ...
Upbeat Yellen Signaled Fed's On Course For Hike Later This Year
Feb 25 06:29 GMT
Fed Chair Janet Yellen in the congressional testimony reiterated the message th...
A Third Of BOJ Members Skeptical Over The Inflation Target
Feb 23 10:49 GMT
The minutes for the January BOJ meeting unveiled that 3 out of the 9 members do...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has maintained a firm undertone after breaking last week's high at 0.9547 and near term upside risk remain... - Mar 02 16:55 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5450
As the British pound has fallen again after brief recovery to the Kijun-Sen, adding credence to our view that top has been formed... - Mar 02 16:35 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1130 or sell at 1.1280
Euro's intra-day rebound from 1.1160 suggests consolidation would be seen with mild upside bias for corrective bounce to Friday's... - Mar 02 16:26 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 119.60
The greenback has risen again after brief pullback, suggesting a test of previous resistance at 120.48 would be seen, however, br... - Mar 02 16:12 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency has dropped late last week and a long black c... - Mar 02 10:17 GMT
USD/JPY Candlesticks and Ichimoku Analysis
The greenback found support around the Kijun-Sen last week and has rebound... - Mar 02 09:55 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
The single currency slipped this week after meeting resistance just below ... - Feb 27 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7265
Although the single currency resumed recent decline, as euro has rebounded after finding support at 0.7240, suggesting consolidat... - Mar 02 14:44 GMT
Trade Idea: USD/CAD - Turn long at 1.2445
As the greenback rebounded after finding support at 1.2388 last week, retaining our view that further consolidation would be seen... - Mar 02 14:35 GMT
Trade Idea: EUR/JPY - Stand aside
Despite Friday's brief fall to 133.44, lack of follow through selling on break of previous support at 133.55 and current rebound ... - Mar 02 09:39 GMT
Trade Idea : AUD/USD - Hold long entered at 0.7800
As aussie's retreat from last week's high of 0.7913 has kept price under pressure, suggesting near term downside risk remains, ho... - Mar 02 09:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback has rebounded again after finding support at 1... - Mar 02 10:37 GMT
EUR/USD Elliott Wave Analysis
Last week's breach of indicated support at 1.1270 suggests the reboun... - Mar 02 10:32 GMT
EUR/JPY Elliott Wave Analysis
The single currency slipped this week and weakness to 133.50 cannot b... - Feb 27 11:25 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Mar 02 22:55 GMT

Action Bias

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

Fundamental Analysis Reports

US ISM Manufacturing Index Moderated Further in February
Mar 02 16:33 GMT, by RBC Financial Group
Further weakening in the ISM manufacturing index in February relative to strong readings in the second half of 2014 was disappointing although the level, which remains well in "expansionary" territor...
US Personal Spending Down 0.2% in January, Although Volumes Rise 0.3%
Mar 02 16:31 GMT, by RBC Financial Group
PCE declined by 0.2% in January 2015, thereby marking a second consecutive monthly drop in nominal spending after a 0.3% decrease in December. The January decline, however, was entirely accounted for...
USD Remaining Supported
Mar 02 15:54 GMT, by ForexTime
Aside from the Euro, the USD is continuing to extend its gains against its main trading partners on Monday. This is occurring despite the announcement moments ago that personal spending declined more...
Stock Take: The Changing FTSE Landscape
Mar 02 15:09 GMT, by Forex.com
This week we get the latest quarterly changes to the FTSE 100. This index is based on the market capitalisation of the 100 largest companies listed on the London Stock Exchange; as the value of a com...
U.S Dollar Dominant in Deluge of Data
Mar 02 12:37 GMT, by MarketPulse
The Peoples Bank of China managed to get the jump on Capital Markets over the weekend. Chinese policyholders cut interest rates by -25bps for the second time in less than four-months. The Central Ban...
Income and Spending Key to Fed Rate Hike Timing
Mar 02 12:35 GMT, by MarketPulse
The surprise rate cut from the People's Bank of China over the weekend, the second in under four months, is continuing to drive markets higher on Monday, although not overly aggressively in a sign th...
All Daily Fundamental Reports >>

Technical Analysis Reports

EURUSD: Signs of Optimism at the Start of a New Week
Mar 02 14:39 GMT, by Forex.com
Beyond providing a hopeful note at the start of the trading week, the above quote encapsulates the optimistic perspective of euro traders at the start of the week. As we noted in Friday's Week Ahead ...
EUR/GBP: Proceed with Caution
Mar 02 12:39 GMT, by Forex.com
The euro has found some support today on the back of mostly stronger-than-expected Eurozone data. Although the single currency bloc remained in deflation for the third time last month, the 0.3% year-...
IMM Positioning: Short Covering Reduces Bullish USD Positions Further
Mar 02 10:57 GMT, by Danske Bank
IMM positioning data released on Friday revealed a second consecutive week of short EUR covering which sent non-commercial positioning in the single currency to the least bearish level since January....
Forex Technical Analysis
Mar 02 10:29 GMT, by DeltaStock Inc.
The outlook here is still bearish below 1.1255 resistance, with a risk of further depreciation towards 1.1097 major low. Immediate resistance comes at 1.1255, followed by the crucial 1.1380.
Today's Market Outlook
Mar 02 09:46 GMT, by Windsor Brokers Ltd
The Euro maintains negative tone and extended losses on Asian trading, to post new low at 1.1158. Last Friday’s Doji did not affect overall bears, as weekly close was marked by long red candle and mo...
GBPUSD Can Turn Bearish In March
Mar 02 09:39 GMT, by Elliott Wave Financial Service
Cable has recovered very nicely last month, back to 1.5550 which now seems to be a pullback of a higher degree. However, despite a strong recovery we see rally from the low in corrective formation, l...
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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