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Feb 11 04:21 GMT

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Daily Report: Equities Extends Decline With Oil, Yen Firm
Feb 11 03:18 GMT, by ActionForex.com
US equities ended mixed overnight as there was some support on expectations that Fed would delay further rate hike. But worries on growth also persisted. DJIA lost -99.64 pts or -0.62% to close at 15914.74. S&P 500 just ended slightly lower by -0.35 pts or -0.02% to close at 1851.86. Nasdaq, on the other hand, rose 14.83 pts or 0.35% to close ...

Technical Outlook

AUD/USD Daily Outlook
Outlook in AUD/USD is unchanged. Corrective rebound from 0.6826 should have completed at 0.7241 already. Deeper fall sh... - Feb 11 03:31 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. At this point, the pair is staying above 1.3456 resistance tur... - Feb 11 03:29 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD stays neutral at this point. Another rise is in favor as long as 1.1086 support holds. Break o... - Feb 11 03:27 GMT
GBP/USD Daily Outlook
Outlook in GBP/USD is unchanged. The rebound from 1.4079 has completed at 1.4667 already. Further fall should be seen f... - Feb 11 03:25 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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
As the greenback has rebounded after holding above support at 0.9695, suggesting consolidation above this level would be seen and... - Feb 10 16:29 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day brief bounce to 1.4579, lack of follow through buying on break of previous resistance at 1.4550 and current ret... - Feb 10 16:14 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has retreated after rising to 1.1338 yesterday, suggesting minor consolidation below this level would be s... - Feb 10 16:03 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has recovered after holding above support at 114.21, suggesting further consolidation above this level would be ... - Feb 10 15:57 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/GBP - Hold long entered at 0.7755
Although the single currency has retreated after rising to 0.7851 yesterday and consolidation below this level would be seen, as ... - Feb 10 14:39 GMT
Trade Idea: USD/CAD - Hold long entered at 1.3785
The greenback has rebounded after finding renewed buying interest at 1.3785, consolidation with mild upside bias remains for anot... - Feb 10 14:26 GMT
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
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 11 04:15 GMT

Action Bias

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

Yellen And The Fed Assessing Risk
Feb 11 02:24 GMT, by Vantage FX
Testifying on the semi-annual monetary policy report before the House Financial Services Committee in Washington DC, Janet Yellen more than suggested that the balance of risks that confront the US ec...
USD/JPY Caught in Central Bank Crosswinds, BOJ on Intervention Watch
Feb 10 15:53 GMT, by Forex.com
It's been a busy day so far for central bankers, especially in Japan and the US. As we noted on Monday, the yen has seen massive safe haven / carry trade unwinding flows over the last two weeks, and ...
US Crude Dips Below $28, Markets Eye Yellen Testimony, US Crude Inventories
Feb 10 15:16 GMT, by MarketPulse
US crude is steady on Wednesday, as March futures trade at the $28 level in the North American session. Brent crude futures are struggling just above the symbolic $30 level, trading at $30.59. In the...
NZD/USD - Steady Ahead of Yellen Testimony, NZ Manufacturing Report
Feb 10 14:31 GMT, by MarketPulse
NZD/USD is unchanged on Wednesday, as the pair is trading at 0.6640 early in the North American session. In economic news, Janet Yellen will testify before the House Financial Services Committee in W...
AUD/USD - Aussie Higher as Markets Eye Fed, RBA
Feb 10 12:57 GMT, by MarketPulse
The Australian dollar has gains on Wednesday, as AUD/USD trades at the 0.71 line in the European session. In economic events, Australian Westpac Consumer Sentiment posted a sharp gain of 4.2%. On Wed...
What Investors Need Yellen To Say Today
Feb 10 12:40 GMT, by MarketPulse
Expect Fed Chair Yellen to be walking a fine line later this morning. Ms. Yellen is due to testify on the Semiannual Monetary Policy Report before the House Financial Services Committee. Her remar...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Outlook And Review
Feb 11 04:08 GMT, by IC Markets
Following Yellen's testimony yesterday, the single currency violently whipsawed through psychological support 1.1200 and rallied back up to the outskirts of psychological resistance 1.1300. we mentio...
Market Morning Briefing
Feb 11 03:38 GMT, by Kshitij Consultancy Services
Fed chair Yellen's comments failed to enthuse Dollar (95.77) for long as the day high of 96.72 was followed by a sharp crash to 95.85 by the end of the day. Euro (1.1283) bounced back equally sharply...
Daily Technical Analysis
Feb 11 03:26 GMT, by FX Instructor
The EURUSD attempted to push lower yesterday, bottomed at 1.1160 but whipsawed to the upside, closed higher at 1.1288 and hit 1.1318 earlier today. The shooting star formation on H1 chart I told you ...
EURUSD - Faces Further Bullish Offensive Short Term
Feb 11 02:34 GMT, by FXTechstrategy
EURUSD - Having taken back all of its intra day losses to close flat on Wednesday and following through higher during Thursday trading session , EURUSD faces further bullish offensive short term. Sup...
GBPUSD - Aims At 1.4591 Zone On Bullishness.
Feb 11 02:33 GMT, by FXTechstrategy
GBPUSD - Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday, GBPUSD aims at 1.4591 zone on bullishness. Support lies at the 1.4450 level where a break will...
DAX Remains Pressured After Major Breakdown
Feb 11 02:30 GMT, by Forex.com
Germany's DAX index broke down late last week below a major support level at 9300. That breakdown was especially significant because the 9300 level had previously held up effectively for more than 14...
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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