Mar 05 10:20 GMT


Forex Expos

Action Insight

Daily Report: Dollar Rally Continues, ECB in Focus
Mar 05 05:06 GMT, by
Dollar index extended recent up trend overnight, thanks to weakness in European majors, and took out 96 handle. Better than expected ISM non-manufacturing also helped lifted the greenback and it stayed firm after Fed's Beige Book economic report. In the Beige Book that cover early January through mid-February, Fed noted that economic activities ex...

Technical Outlook

EUR/USD Daily Outlook
EUR/USD drops to as low as 1.1030 so far and the firm break of 1.1096 confirmed down rend resumption. Intraday bias sta... - Mar 05 06:30 GMT
GBP/USD Daily Outlook
GBP/USD drops to as low as 1.5227 so far. The firm break of 1.5315 support indicates that corrective rebound from 1.495... - Mar 05 06:29 GMT
USD/JPY Daily Outlook
USD/JPY is staying in tight range below 120.46 and intraday bias stays neutral. Overall, the pair is bounded in the sid... - Mar 05 06:25 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remain son the upside for the moment. Current rebound would now target a test on 1.0239 resist... - Mar 05 06:23 GMT

Special Reports

BoC Left Rate Unchanged, Stance More Neutral
Mar 05 02:32 GMT
As expected, the BOC left the monetary policy unchanged in March, following a s...
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...
All Special Reports >>

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Action Insight Newsletter

Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9580
As the greenback has maintained a firm undertone after yesterday's rise to 0.9681, suggesting recent upmove is still in progress ... - Mar 05 07:54 GMT
Trade Idea: GBP/USD - Sell at 1.5310
As cable has remained under pressure after yesterday's selloff below indicated level at 1.5333-37 (previous support and 38.2% Fib... - Mar 05 07:46 GMT
Trade Idea: EUR/USD - Sell at 1.1130
Yesterday's selloff below previous support at 1.1098 confirms our view that early decline from 1.3993 top has resumed and further... - Mar 05 07:37 GMT
Trade Idea: USD/JPY - Stand aside
Although dollar has rebounded after finding support at 119.38 and consolidation would be seen, as broad outlook remains consolida... - Mar 05 07:29 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has fallen again after brief recovery, adding crede... - Mar 05 08:53 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although the single currency has retreated after faltering below resistanc... - Mar 05 08:37 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie retreated after meeting resistance at 0.7913, as price has... - Mar 04 08:59 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 133.20
This week's selloff from 134.60 adds credence to our view that the fall from 136.69 is still in progress and further weakness to ... - Mar 05 09:53 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
Aussie's rebound after finding good support at 0.7752 earlier this week has retained our bullishness and as long as this level ho... - Mar 05 09:35 GMT
Trade Idea: EUR/GBP - Hold long entered at 0.7265
Although the single currency has slipped again today, loss of downward momentum should prevent sharp fall from here and bring reb... - Mar 04 14:46 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2445
As the greenback has rebounded after finding support at 1.2433, retaining our bullishness and consolidation with upside bias rema... - Mar 04 14:43 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie retreated after early rebound to 0.7913, as long as i... - Mar 04 10:00 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency extended recent rise to 1.0812, as price... - Mar 04 09:57 GMT
GBP/USD Elliott Wave Analysis
The British pound ran into resistance at 1.5552 (exactly 38.2% Fibona... - Mar 03 10:32 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Mar 05 10:15 GMT

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Fundamental Analysis Reports

EUR Debases Pre-ECB, EM Suffer Losses
Mar 05 08:40 GMT, by Swissquote Bank SA
Today’s key events are the BoE, the ECB verdicts and ECB President Draghi’s press conference (at 12:00, 12:45 and 13:30 GMT respectively). The consensus is status quo on both meetings, while ECB Pres...
EUR/USD Setting Multi-Year Lows As QE Looms
Mar 05 08:03 GMT, by KBC Bank
Yesterday and this morning, EUR/USD dropped to new multi-year lows as markets prepare for the start of QE going into the ECB policy meeting and press conference. This move is in the first palace euro...
Australia's Economy Remains Soft, Whiles Services Sector Improves
Mar 05 07:53 GMT, by Dukascopy Swiss FX Group
The Australian economy experienced a tepid growth in the fourth quarter, marking the slowest annual pace of growth last year, adding to the case of further RBA actions in the coming months to revive ...
Euro Zone Retail Sales Surprisingly Soar In January, Composite PMI Rises
Mar 05 07:43 GMT, by Dukascopy Swiss FX Group
While the ECB's quantitative easing has not been launched yet, it seems that the Euro zone's economy has started to gradually recover. Retail sales in the currency bloc rose for the fourth consecutiv...
US Private Sector Creates More Than 200K Jobs For 13th Month In A Row, Services Sector Grows
Mar 05 07:41 GMT, by Dukascopy Swiss FX Group
US private employers added more than 200,000 workers to payrolls in February for the 13th consecutive month, in a latest sign that strong hiring should underpin the world's number one economy this ye...
Activity In UK Services Sector Unexpectedly Slows In February
Mar 05 07:40 GMT, by Dukascopy Swiss FX Group
Activity growth in the British services sector unexpectedly slowed last month, but still remained strong at the beginning of the year. The Markit/CIPS UK services PMI slid more than expected to 56.7,...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Drops Down To 1.1035 Before ECB Meeting
Mar 05 09:57 GMT, by Dukascopy Swiss FX Group
After a considerable drop yesterday, EUR/USD continues declining on Thursday morning as well. On Wednesday it lost more than 100 pips and is getting additional 40-pip hit today. The Euro has already ...
GBP/USD Keeps Plunging
Mar 05 09:55 GMT, by Dukascopy Swiss FX Group
As the UK Services PMI was worse than expected, and later through the day the US data showed strong figures, the Pound came under strong selling pressure, and the currency depreciated dramatically. G...
USD/JPY: Correction To Take Place
Mar 05 09:54 GMT, by Dukascopy Swiss FX Group
On Wednesday the USD/JPY pair continued to trade between the weekly PP an R1 levels. The Greenback experienced a minor eight-pip slump, before the currency settled at 119.64. Although technical studi...
XAU/USD Remains Calm Around 1,200
Mar 05 09:51 GMT, by Dukascopy Swiss FX Group
XAU/USD cross showed no significant changes in course of the previous trading day as it remained hovering just around the major level of 1,200. The closest resistance and support are located at 1,207...
Today's Market Outlook
Mar 05 09:30 GMT, by Windsor Brokers Ltd
The Euro holds firm bearish tone and heads towards psychological 1.10 support, ahead of today’s ECB meeting. Yesterday’s close in long red candle and eventual completion of 1.1096/1.1532 corrective p...
EURUSD Making An Impulse Out Of A Bearish Triangle
Mar 05 09:15 GMT, by Elliott Wave Financial Service
EURUSD has accelerated to the downside yesterday and broke to new lows as expected. We have been looking for that move since we highlighted a completed triangle in fourth wave. Well, we are now track...
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...
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