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Feb 09 05:35 GMT

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Daily Report: Yen Surges Further as Markets in Full Risk Averse Mode
Feb 09 04:32 GMT, by ActionForex.com
Yen extends broad based rally together with Swiss Franc as the financial markets are in full risk averse mode. DJIA dived to as low as 15803.55 overnight before paring some loss to close at 16027.05, down -117.92 pts or -1.1%. Nikkei followed and is trading down -836.09 pts or -4.92% at the time of writing. Australia ASX 200 is also down -125.9 pt...

Technical Outlook

GBP/JPY Daily Outlook
The strong break of 168.55 minor support confirmed that recovery from 163.96 is finished at 175.01 already. Intraday bi... - Feb 09 05:17 GMT
EUR/JPY Daily Outlook
The break of 129.07 minor support indicates that rebound from 126.16 is already finished at 132.36. Intraday bias is ba... - Feb 09 05:12 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD is neutral for the moment. Rebound from 0.6826 is still viewed as a correction. Break of 0.700... - Feb 09 04:59 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. At this point, the pair is staying above 1.3456 resistance tur... - Feb 09 04:57 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 - Buy at 0.9935
As the greenback has staged a strong rebound after intra-day brief fall to 0.9882 on dollar's broad-based strength, suggesting co... - Feb 05 15:48 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.4550
As cable has slipped again after intra-day brief bounce to 1.4593, adding credence to our view that top has possibly been formed ... - Feb 05 15:42 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1175
Despite intra-day brief rise to 1.1249, lack of follow through buying on break of resistance at 1.1239 and current retreat below ... - Feb 05 15:31 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 116.85
As the greenback has rebounded after intra-day brief fall to 116.29, suggesting consolidation above this level would be seen with... - Feb 05 15:25 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
USD/CAD Candlesticks and Ichimoku Analysis
The greenback only recovered to 1.4326 before dropping again, adding crede... - Feb 05 09:07 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has retreated again after meeting resistance at 0.7... - Feb 04 09:02 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7645
Euro's strong rebound after holding above support at 0.7526 signals the pullback from 0.7756 has ended there and bullishness is s... - Feb 05 14:57 GMT
Trade Idea: USD/CAD - Exit short entered at 1.3800
Despite yesterday's fall to 1.3639, the subsequent rebound from there suggests a minor low has been formed there and consolidatio... - Feb 05 14:52 GMT
Trade Idea: EUR/JPY - Hold long entered at 130.45
As the single currency has retreated after meeting resistance at 131.66 yesterday, suggesting further consolidation would be seen... - Feb 05 10:18 GMT
Trade Idea: AUD/USD - Stand aside
As aussie has retreated after rising to 0.7243 yesterday, suggesting consolidation below this level would be seen and pullback to... - Feb 05 10:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Euro's rebound after holding above previous support at 126.09 suggest... - Feb 05 10:41 GMT
USD/CHF Elliott Wave Analysis
Although the greenback edged higher to 1.0256 last week, the subseque... - Feb 05 10:31 GMT
EUR/GBP Elliott Wave Analysis
The single currency remained confined within near term established ra... - Feb 04 10:43 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Feb 09 05:30 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- NE↑ UP- NE- NE
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Forex Brokers

Fundamental Analysis Reports

Are Negative Rates Weighing Upon The USD And GBP?
Feb 09 05:13 GMT, by Blackwell Global
As central banks continue to grapple with the increasing risk of deteriorating global growth, some are turning towards negative rates which are likely to widen the current interest rate divide betwee...
EM Rundown: Which Emerging Markets Will Capitalize On Falling Currencies?
Feb 09 02:21 GMT, by Forex.com
As we noted earlier this morning, it's shaping up as a classic 'risk-off' day as global stocks, oil and high-yielding bonds continue to sell off in the US afternoon session. Naturally, that also mean...
Tremoring Tuesday
Feb 09 02:12 GMT, by Vantage FX
Here we were thinking that with China on holidays all week and a relatively light calendar in terms of event risk that could cause a major repricing in the market, that we'd be able to cruise through...
USD/JPY - Yen Rally Continues, Close to 116
Feb 08 14:05 GMT, by MarketPulse
The Japanese yen has posted considerable gains on Monday, as USD/JPY trades at 116.30 early in the North American session. On the release front, Japanese Current Account widened to 1.64 trillion yen,...
FX Markets Continue To Debate FOMC's Policy Trajectory
Feb 08 12:55 GMT, by MarketPulse
Last week saw the 'buck's' biggest weekly decline against the dollar index in seven-years (-3%). Even U.S treasuries rallied, pushing 10-year yields to print +1.79% at one point, its lowest level wit...
AUD/USD - Aussie Flirts with 71 Line, Australian Business Confidence Next
Feb 08 12:52 GMT, by MarketPulse
The Australian dollar is flat on Monday, trading just shy of the 0.71 line in the European session. On the release front, there are no major events out of the US to start off the week. In Australia, ...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDJPY - Sees Further Price Extension
Feb 09 03:45 GMT, by FXTechstrategy
USDJPY - The pair sold off further on Monday and followed through lower during early trading on Tuesday. This development leaves risk of more weakness on the cards. However, beware of a correction. O...
Market Morning Briefing
Feb 09 03:43 GMT, by Kshitij Consultancy Services
The global credit market scare and the renewed fear of inflation slowdown in US are taking the global sentiment to a heightened state of risk aversion. Naturally, the classical safe havens of Gold (1...
Daily Technical Analysis
Feb 09 03:24 GMT, by FX Instructor
The EURUSD attempted to push lower yesterday bottomed at 1.1086 but whipsawed to the upside, closed higher at 1.1192 and hit 1.1211 earlier today. The bias is bullish in nearest term retesting 1.1240...
GBPUSD - Looks To Weaken More On Bearishness
Feb 09 02:41 GMT, by FXTechstrategy
GBPUSD - Having declined on further weakness during Monday trading session, GBPUSD looks to weaken more on bearishness. On the downside, support lies at the 1.4350 level where a break will turn atten...
GBP/USD – Poised To Resume Major Bearish Trend?
Feb 09 02:22 GMT, by Forex.com
GBP/USD began the new trading week on Monday by extending its recent retreat from last week's one-month high above 1.4600, which is also where its 50-day moving average was situated. This retreat fol...
Gold Shines At New Seven-Month High On Sharp Plunge In Equities
Feb 09 02:18 GMT, by Forex.com
The further plunge in global equity markets that has marked the beginning of this new trading week has understandably helped to prop up certain assets that are considered safer alternatives to volati...
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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