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Daily Report: Yen Weakens on BoJ Speculation, Dollar DipsMar 12 06:42 GMT, by ActionForex.com Japanese yen weakens broadly today as speculations of imminent easing in BoJ policy continues to heat up. BoJ will hold a two-day policy meeting next week and the bank will make a decision on whether to expand the JPY 10T fund providing loans to bank to fight against deflation. In addition, Japan Finance Minister Naoto Kan said that if markets moves too "abruptly", the government will have the opt...
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Daily and Weekly Technical Outlook |
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Special Reports |
Commodity Currencies Update: CAD to OutperformMar 11 10:50 GMT, by ActionForex.com We have revised up our forecasts on Canadian dollar given recent strong economic outlook and upbeat BOC statements. We believe CAD should strengthen a...
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Candlesticks Trade Ideas |
Trade Idea: USD/CHF - Sell At 1.0745Mar 12 07:10 GMT, by ActionForex.com Although dollar has continued to move lower after yesterday's recovery to 1.0733 and test of strong support at 1.0647-48 is likely, a sustain breach b...
Trade Idea: GBP/USD - Stand AsideMar 12 07:09 GMT, by ActionForex.com Cable's intra-day rebound to 1.5089 suggests the retreat from 1.5197 has ended at 1.4873 and further consolidation would take place, above the Ichimok...
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Candlesticks & Ichimioku Analysis |
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Elliott Wave Trade Ideas |
Trade Idea: EUR/JPY - Buy At 122.00Mar 11 10:35 GMT, by ActionForex.com Euro's rally after early retreat to 121.46 (Tue 09 March) has retained our bullish view that wave v has ended earlier at 119.66 and consolidation with...
Trade Idea: AUD/USD - Buy At 0.9035Mar 11 10:32 GMT, by ActionForex.com As aussie eased after rising to 0.9193 yesterday, suggesting minor consolidation would be seen, however, pullback should be limited to 0.9030/35 and b...
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Daily and Weekly Fundamental Reports |
Asian Market UpdateMar 12 06:56 GMT, by Trade The News The Japanese yen is broadly weaker, following comments regarding the currency from various officials in Japan. Additionally, the US dollar is marginally weaker against the European major and commodity...
Asia Session RecapMar 12 06:46 GMT, by Forex.com The session began once again today with New Zealand data first thing in the morning, in today's case, core retail sales. Although the retail sales data came in double the expectation at 0.8%, the core...
Sterling Rises But Sentiment Remains Downward Below $1.50Mar 12 06:16 GMT, by Finotec Group The British pound rose on Thursday after a slight pickup in inflation expectations, though analysts expected economic and political concerns to keep the pound under pressure ahead of an upcoming gener...
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Daily and Weekly Technical Reports |
Forex Technical AnalyticsMar 12 07:44 GMT, by FOREX Ltd The pre-planned sales from key resistance range levels have been implemented with attainment of minimal and basic anticipated target. OsMA trend indicator, having marked fall in both party activity, d...
Technical Analysis for Major CurrenciesMar 12 07:37 GMT, by ecPulse.com The pair stabilized trading above resistance line for the short term descending channel that insures the suggested scenario yesterday. The new ascending channel will organize the current bullish intra...
FX Technical AnalysisMar 12 07:25 GMT, by Mizuho Corporate Bank EURUSD Comment: Riots and tear gas in Athens and still the Euro holds at levels of the last four weeks. The 9-day moving average has levelled off while the 26-day one dropped again so the Euro is trad...
Technical Analysis for CrossesMar 12 07:19 GMT, by ecPulse.com The pure harmonic studies prove that, the GBP/JPY pair is currently forming the CD leg for a duplicated harmonic formation as seen on the provided four-hour chart. The pair might move upwards over int...
Daily Technical OutlookMar 12 07:15 GMT, by Innerfx A break above 1.3680/90 - the trend line resistance extended from 1.3840 - shows up. Some resistance layers are seen above current trading zone - around 1.3730, then higher at 1.3790/00 and perhaps a...
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Action Insight Newsletter |
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Interest Rates |
 0.25% |
 1.00% |
 0.10% |
 0.50% |
 0.25% |
 0.25% |
 4.00% |
 2.50% |
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Speeches and Publications |
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| Forex Top Movers |
Ccy Heat Map |
| Pair | Rate | Chng % |
|---|
| GBPAUD | 1.6398 | -0.32% |
| EURGBP | 0.9105 | +0.26% |
| AUDJPY | 83.04 | +0.25% |
| GBPCHF | 1.6049 | -0.24% |
| GBPCAD | 1.5382 | -0.24% |
| EURJPY | 124.04 | +0.19% |
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| USD |
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| EUR | |
| JPY | |
| GBP | |
| CHF | |
| CAD | |
| AUD | |
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| Action Bias & Pivot Points |
| Currency |
Last |
Bias |
S1 |
R1 |
| EURUSD |
1.3693 | Up | 1.3637 | 1.3705 |
| USDJPY |
90.60 | Neutral | 90.24 | 90.74 |
| GBPUSD |
1.5033 | Neutral | 1.4981 | 1.5102 |
| USDCHF |
1.0672 | Down | 1.0664 | 1.0715 |
| USDCAD |
1.0231 | Down | 1.0204 | 1.0297 |
| AUDUSD |
0.9167 | Up | 0.9118 | 0.9177 |
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