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Jan 30 02:35 GMT

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US Session: Orders and Options Watch
Jan 29 14:51 GMT, by ActionForex.com
EUR: The single currency continued to edge higher and offers at 1.1320-25 were filled but sell orders in good size is still seen at 1.1350, 1.1370-80 and 1.1400, 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 are raised to 1.1295-00, 1.1260-65 (...

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 29 14:23 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 29 14:22 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 29 14:21 GMT
AUD/USD Mid-Day Outlook
AUD/USD dives through 0.7856 temporary low and resumed recent decline. Intraday bias is back on the downside and curren... - Jan 29 14:16 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 0.9110
Current rally above previous resistance at 0.9168 confirms recent upmove has resumed and further gain towards 0.9270 (50% project... - Jan 29 16:09 GMT
Trade Idea Wrap-up: GBP/USD - Exit long entered at 1.5075
Current selloff suggests near term downside risk remains for the retreat from 1.5223 (this week's high) to bring weakness to 1.50... - Jan 29 16:06 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has recovered after finding support at 1.1262, consolidation with mild upside bias would be seen and test ... - Jan 29 15:58 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback found support at 117.26 again and has rebounded, adding credence to our view that further consolidation within 1... - Jan 29 15:55 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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Currency Heat Map (Daily)

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Last Updated: Jan 30 02:30 GMT

Action Bias

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

Fundamental Analysis Reports

GBP/USD – Pound Slides On Excellent US Jobless Claims
Jan 30 02:13 GMT, by MarketPulse
The pound has taken a tumble on Thursday, losing about 100 points to the US dollar. In the North American session, GBP/USD is trading in the mid-1.50 range. In the UK, Nationwide HPI posted a gain of...
USD/CAD – Canadian Dollar Slide Continues, Pair Trading Above 1.26
Jan 30 02:11 GMT, by MarketPulse
The Canadian dollar continues to lose ground on Thursday. In the North American session, USD/CAD is trading above the 1.26 line and the pair has jumped over 200 points since early Wednesday. On the r...
January Month-End Model Suggests Strong Dollar Rally, Pending GDP
Jan 30 01:54 GMT, by Forex.com
Traders often refer the impact of 'month end flows' on different currency pairs during the last few days of the month. In essence, these money 'flows' are caused by global fund managers and investors...
Robust Job Market Assists Dollar Climb To Decade High
Jan 30 01:46 GMT, by Vantage FX
The Dollar is heading to its highest level in ten years as recent US jobless claims fell by 43,000 to a near-15-year low at 265,000 in the last week. The data is fairly lower than what economists had...
USD/JPY - Steady as Japanese Retail Sales Misses Expectations
Jan 29 14:50 GMT, by MarketPulse
The Japanese yen is almost unchanged on Thursday. Early in the North American session, USD/JPY is trading just shy of the 118 line. On the release front, Japanese Retail Sales posted a weak gain of 0...
US Initial Jobless Claims Dropped in the Week Ending January 24
Jan 29 14:49 GMT, by RBC Financial Group
US initial claims plunged by 43,000 to 265,000 in the week ending January 24, 2015 to build on a smaller 9,000 decline to a revised 308,000 (was 307,000) level for the previous week. This marked the ...
All Daily Fundamental Reports >>

Technical Analysis Reports

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...
USDJPY - Faces Price Consolidation
Jan 30 02:01 GMT, by FXTechstrategy
USDJPY - With USDJPY still facing consolidation price action, a directional move is now on hold. On the downside, support comes in at the 117.00 level where a break will target the 116.50 level. Belo...
GOLD - Declines On Price Sell Off
Jan 30 01:59 GMT, by FXTechstrategy
GOLD - With GOLD selling off sharply during Thursday trading session, further downside pressure is expected in the days ahead. On the downside, support comes in at the 1,250.00 level where a break wi...
AUDNZD: Who's Weaker?
Jan 30 01:56 GMT, by Forex.com
The commodity currencies of Australia and New Zealand have really been abused of late as their central banks have leaked that they could be cutting interest rates or backed away quickly from a hawkis...
Gold's $30 Drop: Overreaction Or Sign Of Things To Come?
Jan 30 01:52 GMT, by Forex.com
Today saw gold turn sharply lower, partially in response to a rebounding European stock market. In other words, the safe haven asset has lost out in favour of the riskier stocks. What's more, the dol...
AUDUSD Crumbling Like the Roman Empire - More Losses Possible if .7700 Gives Way
Jan 29 14:17 GMT, by Forex.com
My colleague Chris Tedder discussed the fundamental drivers for the big drop in AUDUSD during today's Asian session, but the pair is moving so fast that it's worth updating some of the key technical ...
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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