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Mar 04 08:29 GMT

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Daily Report: Dollar Firm But Lacks Momentum ahead of Job and Services Data
Mar 04 06:23 GMT, by ActionForex.com
Dollar index continues to stay near after breaking to 11 year high this week. But momentum stays rather unconvincing. Traders would need more evidence regarding the strength of the US economic, and thus, the chance of a June rate hike from Fed, before pushing the greenback higher. The major focuses today will be on employment data from U. The ADP ...

Technical Outlook

GBP/JPY Daily Outlook
With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect s... - Mar 04 08:24 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Price actions from 130.13 are viewed as a consolidation patter... - Mar 04 08:23 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP stays neutral for the moment. And we'll remain cautious on strong rebound and reversal from 0.... - Mar 04 08:21 GMT
EUR/AUD Daily Outlook
We maintained the view that the choppy decline from 1.4893 is merely a corrective pull back. Thus, while deeper fall mi... - Mar 04 08:19 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

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9540
As the greenback has edged higher again, bullishness remains for recent upmove to extend further gain to 0.9640 (1.236 times proj... - Mar 04 08:12 GMT
Trade Idea: GBP/USD - Sell at 1.5450
As the British pound fell again after brief recovery, adding credence to our view that the fall from last week's high of 1.5552 i... - Mar 04 08:07 GMT
Trade Idea: EUR/USD - Buy at 1.1130 or sell at 1.1280
As the single currency has remained under pressure, suggesting recent decline is still in progress and may extend weakness to 1.1... - Mar 04 08:03 GMT
Trade Idea: USD/JPY - Stand aside
Although the greenback has recovered after fallimng to 119.38 yesterday and initial gain to 119.90-00 cannot be ruled out, howeve... - Mar 04 07:58 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after rising to 1.5552 (exactly 3... - Mar 03 10:04 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback only eased to 0.9450 before finding renewed buying interest ... - Mar 03 09:49 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold long entered at 0.7265
Although the single currency has remained under pressure, loss of downward momentum suggests support at 0.7240 would limit downsi... - Mar 03 14:31 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2445
Although the greenback has retreated after meeting resistance at 1.2565 yesterday, outlook remains consolidative and reckon downs... - Mar 03 14:22 GMT
Trade Idea: EUR/JPY - Stand aside
Although euro has retreated after yesterday's rebound to 134.60 and consolidation with mild downside bias is seen, break of Frida... - Mar 03 09:26 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
Aussie found good support at 0.7752 earlier today and has rebounded, retaining our bullishness and as long as this level holds, p... - Mar 03 09:11 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound ran into resistance at 1.5552 (exactly 38.2% Fibona... - Mar 03 10:32 GMT
GBP/JPY Elliott Wave Analysis
As sterling has eased after rising to 185.00 late last month and init... - Mar 03 10:25 GMT
USD/JPY Elliott Wave Analysis
Although the greenback has rebounded again after finding support at 1... - Mar 02 10:37 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Mar 04 08:20 GMT

Action Bias

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

RBI Cuts Repo Rate Surprisingly, Brazil's Selic In Focus
Mar 04 08:23 GMT, by Swissquote Bank SA
The Central Bank actions continue dominating the week's economic headlines. Following the PBoC rate cut, the RBI lowered the benchmark repo rate by 25 basis points to 7.50% via surprise action in an ...
Dollar Stays Well Bid, Awaiting The Payrolls
Mar 04 08:01 GMT, by KBC Bank
Yesterday, the dollar held strong, especially against the euro as interest rates still moved in favour of the US currency. USD/ JPY dropped back below the 120 barrier as equities fell prey to profit ...
RBI Surprises With Rate Cut To 7.5%
Mar 04 07:51 GMT, by MarketPulse
The Reserve Bank of India surprised markets on Wednesday by cutting rates for the second time this year, sending stocks to a record high. The central bank lowered its benchmark repo rate by 25 basis ...
German Retail Sales Surprisingly Soar, Unemployment In Spain Falls, EZ PPI Still In Red
Mar 04 07:31 GMT, by Dukascopy Swiss FX Group
A flurry positive data came out on Tuesday from the Euro zone countries. In Germany, retail sales surged at the fastest pace in seven years in January, adding to hopes that private consumption will s...
UK Construction Sector Activity Grows Strongly In February
Mar 04 07:29 GMT, by Dukascopy Swiss FX Group
The British construction sector experienced the strongest growth in four months, led by increases in new orders and supported by easier credit conditions and a low interest rate environment. The Mark...
Swiss Economy Grows In December Quarter On Government And Consumer Spending
Mar 04 07:27 GMT, by Dukascopy Swiss FX Group
Switzerland's economy slowed less than expected in the fourth quarter of 2014, supported by government and consumer spending. According to the State Secretariat for Economic Affairs, the nation's gro...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Mar 04 06:32 GMT, by Varengold Bank
The dollar moved lower against most of its rivals on Tuesday after strong economic data released in Europe and the U.K. implied that economic growth in the rest of the world is beginning to catch up ...
Foreign Exchange Market Commentary
Mar 04 05:39 GMT, by HY Markets
THE EURO closed lower on Tuesday. The lowrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bullish signalling that ...
Daily Technical Analysis
Mar 04 05:27 GMT, by FX Instructor
The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term, but overall I remain bearish with nearest bearish target ...
Market Morning Briefing
Mar 04 05:16 GMT, by Kshitij Consultancy Services
Yen and Pound could strengthen in the coming days/ weeks while the Euro and Aussie could weaken afresh. This is something to be watched thematically. Dollar-Rupee could possibly try to break below 61...
Australia 200 – Runs Into Resistance At 6000
Mar 04 01:54 GMT, by MarketPulse
The Australia 200 index just continues on its merry way steadily moving higher above the key 5800 level to reach yet another multi-year high near 6000, where it is now meeting some resistance. In the...
AUD/USD – Runs Into Resistance At 0.7850 Again
Mar 04 01:52 GMT, by MarketPulse
After finally springing to life in the middle of last week, the Australian dollar dropped sharply to close out the week and fall back down below 0.7800 again to more familiar territory below the resi...
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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