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Jan 25 22:18 GMT

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Weekly Review and Outlook: Dollar Broadly Higher, Boosted by Other Dovish Central Banks
Jan 24 11:40 GMT, by ActionForex.com
Dollar ended the week as the strongest major currency after another week of dovish central bank driven volatilities. Euro dived to 11 year low against dollar and 7 year low against Sterling as ECB's quantitative easing program far exceeded market expectations. The common currency was additionally weighed down by uncertainties over Greek election t...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD's down trend continued last week and reached as low as 1.1113 last week. Initial bias remains on the downside t... - Jan 24 10:21 GMT
USD/JPY Weekly Outlook
USD/JPY's consolidation from 121.84 continued last week and outlook is unchanged. More sideway trading could be seen. B... - Jan 24 10:17 GMT
GBP/USD Weekly Outlook
GBP/USD's down trend resumed last. week by breaking 1.5033 and reached as low as 1.4950. Initial bias remains on the do... - Jan 24 10:13 GMT
USD/CHF Weekly Outlook
USD/CHF's consolidation continued last week and might extend higher to 4 hours 55 EMA (now at 0.9040). But after all, w... - Jan 24 10:10 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 Wrap-up: USD/CHF - Stand aside
As the greenback has maintained a firm undertone after rebounding from 0.8501 (this week's low), suggesting near term upside risk... - Jan 23 16:07 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.4980
As cable has recovered after intra-day marginal fall to 1.4951, suggesting consolidation above this level would be seen and as lo... - Jan 23 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1350
As the single currency has rebounded after intra-day brief fall to 11-year low of 1.1115 (a hammer candlestick pattern was formed... - Jan 23 15:52 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Despite intra-day initial rise to 118.82, as dollar has retreated after faltering below indicated resistance at 118.87 (this week... - Jan 23 15:47 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 23 12:35 GMT

Action Bias

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

Weekly Economic and Financial Commentary
Jan 24 03:41 GMT, by Wells Fargo Securities
The biggest economic news this week came from outside the United States, with the European Central Bank announcing a larger-than-expected round of quantitative easing to help combat deflationary pres...
The Weekly Bottom Line
Jan 24 03:27 GMT, by TD Bank Financial Group
After sitting on the sidelines for roughly 4 ½ years, the Bank of Canada stunned markets this week, cutting the overnight target rate by 25 basis points. The move was triggered by the precipitous plu...
The Week Ahead: Special Greek Election Preview
Jan 24 03:15 GMT, by Forex.com
On 25th January the Greek people will head to the polls for the second election in less than three years. Early elections were called after the Greek government did not manage to get a majority of th...
USD: "Losing" the Currency War?
Jan 24 03:11 GMT, by Forex.com
It's been another incredible week for the world's reserve currency, with the dollar index hitting a new 11-year high near 95.00. By now, we all know the catalyst for the latest dollar rally was yeste...
EURUSD in Freefall, is Parity on the Cards?
Jan 24 02:51 GMT, by Forex.com
As we approached the European close last week, the EUR had fallen more than 3% versus the USD. The driver was the ECB's decision to embark on a QE programme to combat deflationary forces at work in t...
Week in FX - Draghi's ECB Goes All In
Jan 24 02:46 GMT, by MarketPulse
The European Central Bank (ECB) was always expected to be the main event of the past week. Capital markets had time aplenty to prepare to react to President Mario Draghi's post-meeting press conferen...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Jan 23 11:09 GMT, by DeltaStock Inc.
The general downtrend has been renewed and the outlook here is negative, for a slide towards 1.1170. Intraday resistance lies at 1.1380, followed by the major hurdle at 1.1460.
EUR/USD Drops 300 Pips As ECB Launches QE
Jan 23 10:43 GMT, by Dukascopy Swiss FX Group
EUR/USD pair plummeted on Thursday, as the ECB unveiled a plan to buy 60 billion of securities monthly until September 2016, including government bonds. The cross dropped around 300 pips, from 1.1610...
GBP/USD Makes Another Step Towards The 2013 Low
Jan 23 10:42 GMT, by Dukascopy Swiss FX Group
The Euro keeps dragging the Sterling lower, which has fallen through the weekly S1 and to the S2 level. Now there is a good chance for a bullish correction, though it is likely to be capped at 1.5050...
USD/JPY Rebounds From 118
Jan 23 10:40 GMT, by Dukascopy Swiss FX Group
As expected, USD/JPY confirmed the support at 118. However, the bullish momentum is still fragile, being that the resistance at 119, mainly represented by the monthly pivot point, remains intact. If ...
XAU/USD Is Back Above 61.8% Fibo
Jan 23 10:39 GMT, by Dukascopy Swiss FX Group
XAU/USD cross was rather volatile during the trading session back on Thursday, as market reacted to stimulus announcements of the European Central Bank. Gold traded in the range between $1,280 and $1...
Today's Market Outlook
Jan 23 10:17 GMT, by Windsor Brokers Ltd
The Euro accelerated lower yesterday, on widely expected ECB's QE decision. Continuation of strong bearish trend, marked fall of 2.1% yesterday, with fresh lows 12-year lows being posted on today's e...
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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