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Jan 29 16:17 GMT

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US Session: Orders and Options Watch
Jan 29 14:51 GMT, by ActionForex.com
EUR: The single currency continued to edge higher and offers at 1.1320-25 were filled but sell orders in good size is still seen at 1.1350, 1.1370-80 and 1.1400, mixture of offers and stops is located at 1.1420-30, selling interest should emerge further out at 1.1450-60 and 1.1490-00. On the downside, good bids are raised to 1.1295-00, 1.1260-65 (...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral as consolidation from 1.1096 temporary low continues. Upside of recovery shoul... - Jan 29 14:23 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.4950 continues. Near term outlook stays bearish wi... - Jan 29 14:22 GMT
USD/JPY Mid-Day Outlook
The consolidation pattern from 121.84 is still in progress and is likely a triangle pattern. More sideway trading might... - Jan 29 14:21 GMT
AUD/USD Mid-Day Outlook
AUD/USD dives through 0.7856 temporary low and resumed recent decline. Intraday bias is back on the downside and curren... - Jan 29 14:16 GMT

Special Reports

Kiwi Fell To 3.5-Year Low As RBNZ Signaled Next Move Could Be Rate Cut
Jan 29 05:01 GMT
The RBNZ left the OCR unchanged at 3.5% in January. Yet, the market viewed the ...
Fed Upgraded Growth And Employment Outlook, Remains Patient In Rate Hike
Jan 29 04:41 GMT
The FOMC meeting unveiled that policymakers got more optimistic over US economi...
Greek Election – Anti-Bailout Coalition Government Raises Financial Instability
Jan 27 05:08 GMT
The far-left Syriza party won Greece's general election by a larger-than-expect...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9110
Current rally above previous resistance at 0.9168 confirms recent upmove has resumed and further gain towards 0.9270 (50% project... - Jan 29 16:09 GMT
Trade Idea Wrap-up: GBP/USD - Exit long entered at 1.5075
Current selloff suggests near term downside risk remains for the retreat from 1.5223 (this week's high) to bring weakness to 1.50... - Jan 29 16:06 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has recovered after finding support at 1.1262, consolidation with mild upside bias would be seen and test ... - Jan 29 15:58 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback found support at 117.26 again and has rebounded, adding credence to our view that further consolidation within 1... - Jan 29 15:55 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
The single currency has remained under pressure after last week's selloff ... - Jan 29 09:18 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
The single currency found renewed buying interest at 0.9776 and has staged... - Jan 29 08:40 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Aussie met renewed selling interest right at the lower Kumo last week and ... - Jan 28 10:46 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7600
As the single currency has rebounded again today, retaining our view that further consolidation above this week's low at 0.7405 w... - Jan 29 15:22 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has resumed recent upmove and has maintained a firm undertone, suggesting recent upmove is still in progress and cu... - Jan 29 15:18 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency retreated after running into resistance at 134.36 yesterday, suggesting consolidation would be seen and pu... - Jan 29 10:14 GMT
Trade Idea: AUD/USD - Stand aside
Aussie met renewed selling interest at 0.8025 yesterday and has resumed recent decline, dampening our near term bullishness and s... - Jan 29 10:09 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has remained under pressure after last week's ... - Jan 29 10:52 GMT
USD/CAD Elliott Wave Analysis
The greenback continued to move higher after recent rally, adding cre... - Jan 29 10:37 GMT
EUR/CHF Elliott Wave Analysis
The single currency tumbled earlier this month as SNB removed minimum... - Jan 28 11:51 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 29 16:10 GMT

Action Bias

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

USD/JPY - Steady as Japanese Retail Sales Misses Expectations
Jan 29 14:50 GMT, by MarketPulse
The Japanese yen is almost unchanged on Thursday. Early in the North American session, USD/JPY is trading just shy of the 118 line. On the release front, Japanese Retail Sales posted a weak gain of 0...
US Initial Jobless Claims Dropped in the Week Ending January 24
Jan 29 14:49 GMT, by RBC Financial Group
US initial claims plunged by 43,000 to 265,000 in the week ending January 24, 2015 to build on a smaller 9,000 decline to a revised 308,000 (was 307,000) level for the previous week. This marked the ...
Gold Lower as Fed Talks Positive About US Economy
Jan 29 12:49 GMT, by MarketPulse
Gold prices continue to weaken on Thursday, following the Federal Reserve policy statement. In the European session, the metal is trading at a spot price of $1269.87. Gold has dipped 1.7% since early...
EUR/USD - Sharp Losses for Euro After Fed Statement
Jan 29 12:33 GMT, by MarketPulse
The euro is flat on Thursday, as EUR/USD trades at the 1.13 line in the European session. On the release front, German Preliminary CPI will be released later in the day. The markets are braced for a ...
Euro Area: Loans To The Private Sector Increase
Jan 29 11:21 GMT, by Danske Bank
Euro area M3 money supply continued to improve and was a bit above consensus at 3.6% y/y in December after increasing 3.1% y/y in November. It is now increasing at the fastest pace since November 201...
RBA To Join The Dove List Following RBNZ, BoC
Jan 29 10:44 GMT, by Swissquote Bank SA
The RBNZ kept its official cash rate unchanged at 3.50% as expected, while delivering more-dovish-than-expected accompanying statement. Policymakers signaled that RBNZ rates will remain on hold longe...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD Crumbling Like the Roman Empire - More Losses Possible if .7700 Gives Way
Jan 29 14:17 GMT, by Forex.com
My colleague Chris Tedder discussed the fundamental drivers for the big drop in AUDUSD during today's Asian session, but the pair is moving so fast that it's worth updating some of the key technical ...
NZD/USD Breaks Double-Top Neckline On Dovish RBNZ
Jan 29 11:32 GMT, by Forex.com
The Kiwi has made a significant technical breakthrough after the RBNZ shifted into a neutral policy stance overnight. As a reminder, the central bank dropped a line from its statement that read '…som...
NZD/USD Breaks Double-Top Neckline on Dovish RBNZ
Jan 29 11:31 GMT, by Forex.com
The Kiwi has made a significant technical breakthrough after the RBNZ shifted into a neutral policy stance overnight. As a reminder, the central bank dropped a line from its statement that read ...s...
AUDUSD Is Continuing Lower As Expected
Jan 29 09:43 GMT, by Elliott Wave Financial Service
AUDUSD is at new lows as expected after recent turn down from around 0.8000/0.8030 area where former lows reacted as a resistance in black wave 4 that we were tracking it this week. We see wave 5 now...
Today's Market Outlook
Jan 29 09:35 GMT, by Windsor Brokers Ltd
The Euro came under pressure and reversed to 1.1260, mid-point of 1.1096/1.1421 corrective rally, after upside attempts stalled at 1.1421, capped by falling daily 10SMA / Tenkan-sen. Yesterday's clos...
Technical Analysis for Crosses
Jan 29 09:31 GMT, by ICN.com
The pair failed to hold above 178.85 for long, and fluctuated again between the significant levels represented in the support 176.25 and resistance 178.85, and the pair should breach one of them to d...
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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