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European Session: Orders and Options Watch
Feb 10 10:32 GMT, by ActionForex.com
EUR: The single currency eased after surging to 1.1338 yesterday, however, bids are still noted at 1.1250, 1.1235 and 1.1220, buy orders are reported at 1.1200, 1.1185 and 1.1165, buying interest is tipped at 1.1150, 1.1120 and 1.1100. On the upside, offers are seen at 1.1285, 1.1300 and 1.1320, sell orders are expected at 1.1350, 1.1375-80 and 1....

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains on the downside for 163.96 low. Break will confirm resumption of larger fall from 195.... - Feb 10 08:23 GMT
EUR/JPY Daily Outlook
EUR/JPY recovered after dipping to 128.26 and intraday bias is turned neutral again. Outlook is rather mixed for the ne... - Feb 10 08:15 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains on the upside for the moment. Current rally fro 0.6935 should target next long term fi... - Feb 10 08:07 GMT
EUR/AUD Daily Outlook
The break of 1.6075 resistance confirmed resumption of rise from 1.4347. Intraday bias remains on the upside for 61.8% ... - Feb 10 08:06 GMT

Special Reports

BOE United Again To Keep Policy Rate On Hold. GDP And Inflation Forecasts Downgraded
Feb 05 06:02 GMT
Joining the more dovish stance of other central banks in the advanced economy, ...
FX 2016: Avoid Illusioned By Near-Term Euro Strength
Feb 04 09:42 GMT
EURUSD has breached the upper boundary of recent trading range. Rather than imp...
RBA Keeps Its Powder Dry, Leaves Door Open For Rate Cut
Feb 02 04:52 GMT
As universally expected, the RBA left the cash rate unchanged at 2% in February...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/JPY - Sell at 115.85
As the greenback has remained weak after last week's selloff, suggesting recent decline from 125.86 top is still in progress and ... - Feb 10 10:42 GMT
Trade Idea : USD/CHF - Sell at 0.9820
As dollar has remained under pressure after recent selloff, bearishness remains for the major fall from 1.0328 top to extend furt... - Feb 10 08:00 GMT
Trade Idea: GBP/USD - Buy at 1.4410
Although cable has retreated after yesterday's rebound to 1.4516 and consolidation below this level would be seen initially, reck... - Feb 10 07:50 GMT
Trade Idea: EUR/USD - Buy at 1.1225
As the single currency has eased after rising to 1.1338 yesterday, suggesting minor consolidation below this level would be seen ... - Feb 10 07:45 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although cable's rebound last week turned out to be stronger than expected... - Feb 10 09:26 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback has continued to head south after falling sharply from 1.025... - Feb 10 09:05 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency has finally rallied last week and broke above resistan... - Feb 09 10:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Euro's rebound from 128.27 (yesterday's low) turned out to be stronger than expected, dampening our bearishness and further conso... - Feb 10 10:08 GMT
Trade Idea: AUD/USD - Stand aside
Despite falling briefly to 0.6974 yesterday, aussie found good support there and has staged a strong rebound, suggesting the decl... - Feb 10 09:58 GMT
Trade Idea: EUR/GBP - Buy at 0.7755
The single currency only eased to 0.7661 (we recommended in our previous update to buy at 0.7645 and missed the long entry) befor... - Feb 09 14:44 GMT
Trade Idea: USD/CAD - Buy at 1.3785
As the greenback staged a strong rebound after falling to 1.3639 last week, suggesting a temporary low has been formed there and ... - Feb 09 14:39 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Although the British pound rebounded last week to as high as 1.4669, ... - Feb 10 10:35 GMT
GBP/CHF Elliott Wave Analysis
Sterling met renewed selling interest at 1.4771 earlier this month an... - Feb 10 10:28 GMT
EUR/USD Elliott Wave Analysis
The single currency did hold right at the trendline support and stage... - Feb 09 11:20 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Feb 10 10:40 GMT

Action Bias

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

Fundamental Analysis Reports

European Market Update: Rumored Deutsche Bank Bond Buyback Installs Calm In Europe, Markets Await Yellen Testimony
Feb 10 10:38 GMT, by Trade The News
USD consolidated its recent losses as a sense of calm enveloped the European session. Focus turned to upcoming testimony from Fed Chair Yellen and any insight on the path/pace of rate hikes in the US...
China's Net Capital Outflows Probably Hit $113 Billion In January: IIF
Feb 10 10:14 GMT, by ICN.com
Net capital outflows from China likely reached $113 billion in January, marking its 22nd straight month of outflows, the Institute for International Finance predicted on Tuesday. The People's Bank of...
EUR/USD – Euro Subdued, Markets Await Yellen Testimony
Feb 10 09:54 GMT, by MarketPulse
EUR/USD has posted slight gains on Wednesday, as the pair trades at 1.1260 in the European session. The euro has resumed its upward flight, gaining 100 points on Tuesday. On the release front, French...
Gold Retreats From Near 8-Month High Ahead Of Fed Yellen's Testimony
Feb 10 09:42 GMT, by ICN.com
Gold retreated from its highest level in nearly 8 months on Wednesday as investors aim to look for clues about the path of rate hikes from Fed Chair Janet Yellen's testimony. The precious metal climb...
Japanese Shares Drop On Worries From Banks, Fall In Oil Prices
Feb 10 09:15 GMT, by ICN.com
Japanese shares extended its fall on Wednesday amid worries regarding the banking sector worldwide and as oil prices resumed its drop. Nikkei 225 index edged down 2.31 percent to end the session at 1...
EM Currencies Recover Amid Easing Risk-Off Sentiment
Feb 10 08:54 GMT, by Swissquote Bank SA
Yesterday was another rough day for global equities; especially European ones as Wall Street attempted a recovery rally in late session but was just able to limit the loses as the same story of fears...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Feb 10 09:26 GMT, by DeltaStock Inc.
EUR/USD Yesterday's break through 1.1250 peak led to a new high at 1.1337 and my outlook remains bullish, for a rise towards 1.1490. Initial intraday support lies at 1.1240 and crucial on the downsid...
EUR/USD Breaches 1.1250, Sets Eye On 1.1330
Feb 10 08:35 GMT, by Dukascopy Swiss FX Group
Continuous worries about global economy helped the Euro in gaining more strength on Tuesday. EUR/USD penetrated the last monthly resistance line (monthly R3) at 1.1246 and closed the daily session ne...
USD/JPY: Market Turmoil Remains
Feb 10 08:33 GMT, by Dukascopy Swiss FX Group
The USD/JPY settled in front of the immediate support cluster yesterday, managing to partially recover from the daily low of 114.20. Demand for safe-haven assets such as the Yen remains high, thus, w...
GBP/USD Enjoys Quiet Trade Ahead Of Fundamental Data
Feb 10 08:31 GMT, by Dukascopy Swiss FX Group
On Tuesday demand at the immediate support cluster triggered a buying spree of the Cable, causing the pair to recover and stabilise just above the closest resistance level. Technical indicators now s...
Gold Is Contained By October 2015 High
Feb 10 08:29 GMT, by Dukascopy Swiss FX Group
The seven-day long rally of the bullion was ultimately limited by the 1,191/93 resistance area, where gold met the October high of the previous year and weekly R1. We are closely watching this supply...
CADJPY Extends Its Downside
Feb 10 06:47 GMT, by Admiral Markets
While pullbacks from 79.00 mark propelled the CADJPY towards testing a month's high, the pair failed to clear the 87.00 – 87.40 broad resistance area, encompassing 50% Fibonacci Retracement of its Au...
All Daily Technical Reports >>

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Long Term Forecasts

WTI Crude Oil A Year Ahead - Trends And Expectations 2016
Dec 24 11:45 GMT, by MarketPulse
The second half of 2014 saw a sharp drop in the price of WTI Crude Oil, which had traded at $105 a ...
DAX Year Ahead – Trends And Expectations 2016
Dec 24 11:11 GMT, by MarketPulse
It has been another testing year for the German economy but once again it has shown the kind of str...
British Pound Year Ahead - Brexit To Dominate 2016
Dec 22 12:49 GMT, by MarketPulse
This has been something of a turnaround year for the UK in which unemployment has fallen back to pr...
Gold for Bear Market?
Oct 13 13:23 GMT, by Merk Hard Currency Fund
A "bear market" is frequently defined as a decline of at least 20% in the S&P 500 index. Troubl...
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...
All Long Term Forecasts >>
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