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Jan 26 08:22 GMT

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Daily Report: Euro Lower as Syriza Wins Greek Election
Jan 26 04:34 GMT, by ActionForex.com
Euro opened the week lower and breached 1.11 against dollar after Greek leftist Syriza leader Alexis Tsipras claimed victory on Sunday's election. At the time of writing, the Coalition of Radical left got over 36% of votes, comparing with New Democracy's 28%. Tsipras is clearly known for his anti-austerity stance and he's expected to start the neg...

Technical Outlook

GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for the moment. Current decline should extend to next key support leve... - Jan 26 08:07 GMT
USD/CHF Daily Outlook
USD/CHF is still staying in sideway consolidation and stronger recovery could be seen to 4 hours 55 EMA (now at 0.9006)... - Jan 26 08:03 GMT
USD/JPY Daily Outlook
USD/JPY's consolidation from 121.84 is still in progress and outlook is unchanged. More sideway trading could be seen. ... - Jan 26 07:59 GMT
GBP/JPY Daily Outlook
Despite a brief breach of 175.86, GBP/JPY quickly recovered. Intraday bias stays neutral as current consolidation might... - Jan 26 07:56 GMT

Special Reports

ECB Decided to Buy Asset Worth of 60B euro a Month, March through September 2016
Jan 22 14:34 GMT
Exceeding the consensus forecast of 50B euro or 50B euro in total, ECB's expand...
BOC Cut Rates, Insuring Against Headwind Posed By Oil Price Decline
Jan 22 04:03 GMT
Surprisingly, the BOC announced to cut its overnight rate to 0.75% from 1% in J...
Unanimous Vote To Keep Rate Unchanged Damped Speculations Of BOE Tightening
Jan 21 11:07 GMT
BOE policymakers dropped rate hike calls as inflation disappointed in recent mo...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
Although the greenback found good support at 0.8501 last week and has staged a strong rebound, break of resistance at 0.8838 is n... - Jan 26 07:57 GMT
Trade Idea : GBP/USD - Buy at 1.5000
The British pound found renewed buying interest at 1.4985 (we recommended in our previous update to buy at 1.4980) and has reboun... - Jan 26 07:51 GMT
Trade Idea: EUR/USD - Sell at 1.1350
Although the single currency fell initially to 1.1098, lack of follow through selling on break of Friday's low at 1.1115 and curr... - Jan 26 07:46 GMT
Trade Idea: USD/JPY - Buy at 117.50
Despite intra-day initial fall to 117.26, as the greenback has rebounded again after holding above indicated support at 117.18, r... - Jan 26 07:40 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency recovered initially this week, euro met renew... - Jan 23 10:23 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The greenback only eased to 1.1934 (we recommended in our previous update ... - Jan 23 09:56 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Euro's near term consolidation after dropping to last week's low at 0.7595... - Jan 22 10:16 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7610
The single currency has dropped again after yesterday's anticipated resumption of recent decline, adding credence to our bearishn... - Jan 23 14:32 GMT
Trade Idea: USD/CAD - Buy at 1.2200
As the greenback has continued to move higher after yesterday's post-BOC rally, suggesting recent upmove is still in progress and... - Jan 23 14:27 GMT
Trade Idea: EUR/JPY - Sell at 135.00
The single currency dropped again after ECB's QE announcement, signaling recent selloff has resumed in wave c and further weaknes... - Jan 23 09:33 GMT
Trade Idea: AUD/USD - Sell at 0.8050
Aussie finally broke below previous support at 0.8033 and indicated psychological support at 0.8000 was also tripped today, confi... - Jan 23 09:25 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency only recovered to 137.64 before running into rene... - Jan 23 10:49 GMT
USD/CHF Elliott Wave Analysis
The greenback traded in relatively narrow range after last week's vol... - Jan 23 10:43 GMT
EUR/GBP Elliott Wave Analysis
Last week's selloff signals recent decline is still in progress and m... - Jan 22 11:15 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 26 08:15 GMT

Action Bias

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

Canada's Inflation Slows In December, Retail Trade Rises In November
Jan 26 08:18 GMT, by Dukascopy Swiss FX Group
Canada's inflation cooled the most in nine months in December, confirming the Bank of Canada's concerns over the impact of falling oil prices on the nation's economy. Inflation rate slowed to 1.5%, t...
Eurozone Composite PMI Rises To 5-Month High, Syriza Wins
Jan 26 08:16 GMT, by Dukascopy Swiss FX Group
The German economy started the year on an upbeat note, as demand increased for the first time in three months, while employment rose. According to Markit Economics, flash composite PMI reading, which...
US Flash PMI Data Points To Deceleration Of Manufacturing Activity, Existing Home Sales Rebound
Jan 26 08:14 GMT, by Dukascopy Swiss FX Group
The US flash data on activity in the manufacturing data showed a significant deterioration in January, as the corresponding PMI reading fell to the lowest level in twelve months. The preliminary manu...
UK Retail Sales Unexpectedly Rise In December
Jan 26 08:11 GMT, by Dukascopy Swiss FX Group
UK retail sales surprised markets to the upside, posting an unexpectedly solid growth in December driven by a sharp increase in food sales amid cheaper fuel prices and ultra-low inflation. The Office...
Week Of Central Banks' Surprises
Jan 26 07:44 GMT, by Dukascopy Swiss FX Group
Major central banks continued to surprise market analysts and economists by their unexpected policy moves. The Danish central bank unexpectedly cut its interest rates as it sought to temper investors...
EUR/USD: Euro Trading Lower Ahead Of Germany's IFO Data
Jan 26 07:01 GMT, by GCI Financial
The pair is expected to find support at 1.1062, and a fall through could take it to the next support level of 1.0945. The pair is expected to find its first resistance at 1.1333, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDJPY: It's Not Looking Good...
Jan 26 07:16 GMT, by ThinkForex
The apparent 'V-Top' seen in November 2014 is very similar to the one in April 2014 which resulted in an eventual -1800 bearish move. price is now on the brink of breaking below the bullish trendline...
Daily FX Report
Jan 26 07:12 GMT, by Varengold Bank
The euro started the week slipping as well as the U.S. and Japanese index futures once known the ending of the elections in Greece and the victory of Syriza party, the Coalition of the Radical Left. ...
GOLD - Looks To Trigger Correction
Jan 26 04:37 GMT, by FXTechstrategy
GOLD - With a marginal close seen the past week, corrective pullback is envisaged. Resistance resides at the 1,315 level where a break will aim at the 1,330.00 level. A break of here will turn attent...
Foreign Exchange Market Commentary
Jan 26 04:16 GMT, by HY Markets
THE EURO closed lower on Friday. Today's lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI have turned bearish signalling...
Silver At A Technical Juncture Of $18.66 - $19 Resistance
Jan 26 03:54 GMT, by ThinkForex
Being a weekly chart we can allow for a lot of noise around the initial breakout level of 18.66. At 18.77 the 50-week sMA sits with the 50 week eMA also very close by. Additionally there is the poten...
Daily Technical Analysis
Jan 26 03:50 GMT, by FX Instructor
The EURUSD continued its bearish momentum last week bottomed at 1.1113. Price hit 1.1096 earlier today but traded higher around 1.1170 at the time I wrote this comment. The bias is bearish in nearest...
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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