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Mar 04 12:45 GMT

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European Session: Orders and Options Watch
Mar 04 10:00 GMT, by ActionForex.com
EUR: The single currency dropped again today and bids at 1.1150-55 and 1.1130 together with the barrier at 1.1150 were tripped, however, more buy orders are reported at 1.1100 (another barrier with more stops below) and 1.1085, fresh demand should emerge around 1.1065 and 1.1050. On the upside, offers are lowered to 1.1185, 1.1200 and 1.1225, more...

Technical Outlook

GBP/JPY Daily Outlook
With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect s... - Mar 04 08:24 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Price actions from 130.13 are viewed as a consolidation patter... - Mar 04 08:23 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP stays neutral for the moment. And we'll remain cautious on strong rebound and reversal from 0.... - Mar 04 08:21 GMT
EUR/AUD Daily Outlook
We maintained the view that the choppy decline from 1.4893 is merely a corrective pull back. Thus, while deeper fall mi... - Mar 04 08:19 GMT

Special Reports

China Watch: Flash PMI Signaled Manufacturing Activities Expanded. Deflation Risks Heightened, An Official Warned
Feb 25 10:36 GMT
China's flash manufacturing PMI by HSBC surprisingly drifted back to above 50, ...
Upbeat Yellen Signaled Fed's On Course For Hike Later This Year
Feb 25 06:29 GMT
Fed Chair Janet Yellen in the congressional testimony reiterated the message th...
A Third Of BOJ Members Skeptical Over The Inflation Target
Feb 23 10:49 GMT
The minutes for the January BOJ meeting unveiled that 3 out of the 9 members do...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9560
As the greenback has edged higher again, bullishness remains for recent upmove to extend further gain to 0.9640 (1.236 times proj... - Mar 04 10:25 GMT
Trade Idea Update: GBP/USD - Sell at 1.5450
As the British pound fell again after brief recovery, adding credence to our view that the fall from last week's high of 1.5552 i... - Mar 04 10:22 GMT
Trade Idea Update: EUR/USD - Hold long entered at 1.1130
Although the single currency has fallen again after brief recovery and marginal weakness from here cannot be ruled out, loss of d... - Mar 04 10:18 GMT
Trade Idea Update: USD/JPY - Stand aside
Although the greenback has recovered after fallimng to 119.38 yesterday and initial gain to 119.90-00 cannot be ruled out, howeve... - Mar 04 10:10 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/USD Candlesticks and Ichimoku Analysis
Although aussie retreated after meeting resistance at 0.7913, as price has... - Mar 04 08:59 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
As aussie has maintained a relatively firm undertone after staging a rebou... - Mar 04 08:30 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after rising to 1.5552 (exactly 3... - Mar 03 10:04 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 133.65
The single currency has fallen again after meeting renewed selling interest at 134.60, suggesting the fall from 136.69 is still i... - Mar 04 09:38 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7800
As aussie has rebounded after finding good support at 0.7752 yesterday, retaining our bullishness and as long as this level holds... - Mar 04 09:29 GMT
Trade Idea: EUR/GBP - Hold long entered at 0.7265
Although the single currency has remained under pressure, loss of downward momentum suggests support at 0.7240 would limit downsi... - Mar 03 14:31 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2445
Although the greenback has retreated after meeting resistance at 1.2565 yesterday, outlook remains consolidative and reckon downs... - Mar 03 14:22 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie retreated after early rebound to 0.7913, as long as i... - Mar 04 10:00 GMT
EUR/CHF Elliott Wave Analysis
Although the single currency extended recent rise to 1.0812, as price... - Mar 04 09:57 GMT
GBP/USD Elliott Wave Analysis
The British pound ran into resistance at 1.5552 (exactly 38.2% Fibona... - Mar 03 10:32 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Mar 04 12:40 GMT

Action Bias

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

Fundamental Analysis Reports

ADP May Spring Markets Back To Life After Mixed PMIs
Mar 04 11:55 GMT, by MarketPulse
A mixed batch of economic data from Europe on Wednesday morning is providing little direction for the financial markets at a time when investors are already likely tread with caution with the ECB mee...
EURUSD Teases An Entrance To 1.10
Mar 04 11:22 GMT, by ForexTime
The EURUSD is currently teasing a return to the eleven-year low at 1.1097 after falling to 1.1115 moments ago. The Euro fall has been driven by the acceptance that issues such as stagnant economic gr...
Did RBI's Courageous Rate Cut Accelerated The Lira Sell-Off?
Mar 04 10:49 GMT, by Swissquote Bank SA
To everybody's astonishment, the RBI lowered the benchmark repo rate by 25 basis points to 7.50% via surprise action in an effort to ‚Äúcompensate the delay in fiscal consolidation‚ÄĚ and to comply with ...
European Market Update: Major European Service PMIs Miss Expectations In Various Readings
Mar 04 10:42 GMT, by Trade The News
The USD continued to maintain a firm tone against most currencies with the USD Index hitting fresh 11-year highs. Some dealers noted that the USD Index was approaching the 50% retracement level of it...
RBI Cuts Repo Rate Surprisingly, Brazil's Selic In Focus
Mar 04 08:23 GMT, by Swissquote Bank SA
The Central Bank actions continue dominating the week's economic headlines. Following the PBoC rate cut, the RBI lowered the benchmark repo rate by 25 basis points to 7.50% via surprise action in an ...
Dollar Stays Well Bid, Awaiting The Payrolls
Mar 04 08:01 GMT, by KBC Bank
Yesterday, the dollar held strong, especially against the euro as interest rates still moved in favour of the US currency. USD/ JPY dropped back below the 120 barrier as equities fell prey to profit ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Mar 04 09:39 GMT, by Windsor Brokers Ltd
The Euro eventually broke below three-day consolidative range floor, ending near-term narrow congestion phase that resulted in three consecutive Dojis. Immediate focus shifts towards key short-term s...
EUR/USD Still Buoyed By Lower Bollinger Band
Mar 04 09:25 GMT, by Dukascopy Swiss FX Group
For a fourth consecutive day EUR/USD is posting no considerable daily changes in its value. On Tuesday, despite being initially supported by the Bollinger band, the pair failed to consolidate above t...
GBP/USD Slides Down
Mar 04 09:24 GMT, by Dukascopy Swiss FX Group
Sterling keeps surprising with its behaviour, as the currency edged down again on Tuesday. Even though the decline was insignificant, it still remains a loss. Furthermore, by virtue of demand at the ...
USD/JPY's Rally Delayed
Mar 04 09:23 GMT, by Dukascopy Swiss FX Group
USD/JPY pair bounced back on Tuesday after a three-day rally. The pair tested the weekly PP, which proved to be strong enough to stop the currency from declining further. Moreover, at the end of the ...
XAU/USD Attempts To Penetrate Weekly PP
Mar 04 09:22 GMT, by Dukascopy Swiss FX Group
Despite strong Gold price's fluctuations on Tuesday, the metal registered only a marginal daily change. All in all, the bullion was capped by resistance at 1,207 (weekly PP) and closed around 1,203 a...
Forex Technical Analysis
Mar 04 08:52 GMT, by DeltaStock Inc.
The bias here remains negative below 1.1240 minor resistance, for a slide towards 1.1097 low. Key hurdle on the upside lies at 1.1280.
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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