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Jan 30 16:59 GMT

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US Session: Orders and Options Watch
Jan 30 14:46 GMT, by ActionForex.com
EUR: The single currency traded narrowly and sell orders in good size are still seen at 1.1365-70 and 1.1385-00 area, mixture of offers and stops is located at 1.1420-30, selling interest should emerge further out at 1.1450-60 and 1.1490-00. On the downside, good bids remain at 1.1290-95, 1.1260-65 (stops below) and 1.1240-45, buying interest is l...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral as consolidation from 1.1096 temporary low continues. Upside of recovery shoul... - Jan 30 13:59 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.4950 continues. Near term outlook stays bearish wi... - Jan 30 13:56 GMT
USD/JPY Mid-Day Outlook
The consolidation pattern from 121.84 is still in progress and is likely a triangle pattern. More sideway trading might... - Jan 30 13:54 GMT
USD/CAD Mid-Day Outlook
USD/CAD rises further to as high as 1.2748 so far in early US session and intraday bias remains on the upside for 200% ... - Jan 30 13:52 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

Action Insight Newsletter
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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 16:50 GMT

Action Bias

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

Fundamental Analysis Reports

US GDP Growth Slowed to a Still-Strong 2.6% in the Fourth Quarter
Jan 30 15:04 GMT, by RBC Financial Group
The advance estimate of fourth-quarter 2014 GDP showed a 2.6% annualized increase, thereby falling short of market expectations for a 3.0% gain in the quarter. While still at an above-trend pace of g...
Canadian GDP Fell 0.2% in November
Jan 30 15:03 GMT, by RBC Financial Group
November 2014 GDP fell by 0.2% following solid increases in both September and October. Market expectations had been for an unchanged reading. Large declines in manufacturing (-1.9%) and mining, ...
US GDP Instant Reaction: The Tainted Core under Multiple Layers of the GDP Onion
Jan 30 14:02 GMT, by Forex.com
Hopes were high heading into the release of today's Q4 GDP report, and at first blush, the headline figure failed to live up to expectations. The first estimate of US economic growth came in at 2.6%,...
AUD/USD - Unchanged After Weak PPI
Jan 30 12:51 GMT, by MarketPulse
AUD/USD is showing little movement on Friday, as the pair trades in the mid-0.78 range in the European session. Taking a look at today's releases, Australian PPI dipped lower to 0.1%. Australian Priv...
EURUSD: Divergence in Sentiment Just Continues to Widen
Jan 30 12:39 GMT, by ForexTime
The complete divergence in both economic sentiment and monetary policy between the European Central Bank (ECB) and US Federal Reserve is turning into a continually widening tunnel, which has just wid...
Gold Slips After Strong Jobless Claims
Jan 30 12:37 GMT, by MarketPulse
Gold prices have stabilized on Friday, after sharp losses a day earlier. In the European session, the metal is trading at a spot price of $1264.03. On the release front, today's major events are Adva...
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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