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Jan 30 09:23 GMT

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Daily Report: Dollar Firm Against Commodity Currencies as Fed Yellen Expressed Optimism on Economy
Jan 30 04:19 GMT, by ActionForex.com
While the greenback remains strong against commodity currencies, it's struggle to breakout from recent range against European majors. Fed chair Janet Yellen said yesterday in a private luncheon with Senate Democrats that things are going well for the US economy. However, she thought there's still a ways to go in the job markets and thus Fed isn't ...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment as consolidation from 175.86 continues. But still, as long as 1... - Jan 30 08:03 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for consolidation above 130.13 temporary low. Upside of recovery limited by 13... - Jan 30 08:00 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for some more consolidation above 0.7403 temporary low. Upside of recovery sho... - Jan 30 07:57 GMT
EUR/AUD Daily Outlook
The break of 1.4406 resistance indicates short term bottoming at 1.3963 on bullish convergence condition in 4 hours MAC... - Jan 30 07:54 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 : USD/CHF - Buy at 0.9120
As the greenback has maintained a firm undertone after yesterday's rally above previous resistance at 0.9168, adding credence to ... - Jan 30 07:52 GMT
Trade Idea: GBP/USD - Stand aside
Although cable recovered from 1.5018, yesterday's selloff suggests early rebound from 1.4951 has possibly ended at 1.5223 earlier... - Jan 30 07:48 GMT
Trade Idea: EUR/USD - Stand aside
Euro's recovery after finding support at 1.1262 suggests consolidation with mild upside bias would be seen and test of resistance... - Jan 30 07:42 GMT
Trade Idea : USD/JPY - Stand aside
Despite overnight brief rise to 118.49, as the greenback has retreated again since, retaining our view that further consolidation... - Jan 30 07:37 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency has remained under pressure after last week's selloff ... - Jan 29 09:18 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 0.9776 and has staged... - Jan 29 08:40 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Aussie met renewed selling interest right at the lower Kumo last week and ... - Jan 28 10:46 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7600
As the single currency has rebounded again today, retaining our view that further consolidation above this week's low at 0.7405 w... - Jan 29 15:22 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has resumed recent upmove and has maintained a firm undertone, suggesting recent upmove is still in progress and cu... - Jan 29 15:18 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency retreated after running into resistance at 134.36 yesterday, suggesting consolidation would be seen and pu... - Jan 29 10:14 GMT
Trade Idea: AUD/USD - Stand aside
Aussie met renewed selling interest at 0.8025 yesterday and has resumed recent decline, dampening our near term bullishness and s... - Jan 29 10:09 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has remained under pressure after last week's ... - Jan 29 10:52 GMT
USD/CAD Elliott Wave Analysis
The greenback continued to move higher after recent rally, adding cre... - Jan 29 10:37 GMT
EUR/CHF Elliott Wave Analysis
The single currency tumbled earlier this month as SNB removed minimum... - Jan 28 11:51 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 30 09:15 GMT

Action Bias

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

GBP, CAD Aggressively Offered, EUR Holds Ground
Jan 30 08:42 GMT, by Swissquote Bank SA
The Japanese CPI read has been solid in December. The headline CPI remained unchanged at 2.4% y/y, prices ex-food and energy increased at stable pace of 2.1%, while core CPI (ex-fresh food) eased dow...
Euro And Dollar Looking For A New Driver
Jan 30 08:35 GMT, by KBC Bank
Yesterday, EUR/USD and USD/JPY remained in consolidation modus as the eco data and global sentiment failed to give clear guidance. Today, the EMU CPI and the US Q4 GDP will be in focus. A poor US fig...
Japan: Downward Pressure On Inflation, But Growth Recovering
Jan 30 08:28 GMT, by Danske Bank
CPI excluding fresh food in December eased to 2.5% y/y (consensus: 2.6% y/y, DBM: 2.5% y/y) driven largely by lower energy prices. CPI excluding Food & Energy in December was unchanged at 2.1% y/...
New Zealand Building Consents Increase In December Amid Low Rates And Strong Migration
Jan 30 08:17 GMT, by Dukascopy Swiss FX Group
New Zealand house-building approvals numbers skyrocketed 16% last year as 24,680 consents for new dwellings were granted. Thus, it is widely expected that the construction boom in the country will co...
Japan Posts Weaker Than Expected Fundamentals
Jan 30 08:16 GMT, by Dukascopy Swiss FX Group
Retail sales in Japan unexpectedly dropped in December, sapping hopes that the world's third biggest economy has weathered the worst of the post-tax hike recession. Retails sales dropped 0.3% on mont...
UK House Prices Remain Steady, Whereas Realized Sales Fall
Jan 30 07:26 GMT, by Dukascopy Swiss FX Group
According to the Nationwide, annual house price growth in the UK slumped between December and January. The growth was continuously decreasing for five months in a row, as it reached a 14-month low of...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD - Declines Further, Remains Vulnerable
Jan 30 09:12 GMT, by FXTechstrategy
GBPUSD - With GBP extending its weakness on Thursday, further downside pressure is likely. On the downside, support lies at the 1.4950 level where a break if seen will aim at the 1.4900 level. A brea...
Daily FX Report
Jan 30 07:00 GMT, by Varengold Bank
The dollar Closed at the highest level against its peers in more than a decade after the government report showed an improvement of labor market. This strong figures reinforces the views that the Fed...
Foreign Exchange Market Commentary
Jan 30 03:59 GMT, by HY Markets
THE EURO closed higher on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish sig...
Daily Technical Analysis
Jan 30 03:36 GMT, by FX Instructor
The EURUSD didn't make significant movement yesterday. The bias is neutral in nearest term. Overall I remain bearish and still prefer to sell on rallies with key resistance seen between 1.1370 – 1.14...
Market Morning Briefing
Jan 30 03:36 GMT, by Kshitij Consultancy Services
Euro (1.1330) fell to the lows of 1.1260 before rising back to 1.1370. Its too early to say this was a successful retest of the lows. The prices may remain in the range between 1.1450 and 1.1250 over...
Don't Overlook Gold/AUD
Jan 30 02:08 GMT, by ThinkForex
Technically the trend is clearly bullish and within a corrective phase. There is potential for a bullish pennant / flag to form prior to the weekend which would assume a bullish breakout. To trade th...
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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