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Jan 19 04:31 GMT

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Daily Report: Dollar Recovered Mildly on Yellen and Beige Book
Jan 19 04:07 GMT, by ActionForex.com
Dollar recovered mildly overnight with treasury yield. The dollar index is now back at 101.25, comparing to this week's low at 100.26. 10 year yield closed at 2.389, comparing to this week's low at 2.313. 30 year yield closed 2.985 after touching 3.000, but recovered from this week's low at 2.913. Stocks were mixed as major indices were bounded in...

Technical Outlook

GBP/USD Daily Outlook
With 1.2188 minor support intact, rebound from 1.1986 could still extend higher through 1.2432 resistance. But still, s... - Jan 19 04:21 GMT
USD/CHF Daily Outlook
With 1.0135 minor resistance intact, deeper fall could be seen in USD/CHF. Rise from 0.9443 could have completed at 1.0... - Jan 19 04:19 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY is turned neutral with a temporary low formed at 112.56. Fall from 118.65 is seen as a correct... - Jan 19 04:17 GMT
AUD/USD Daily Outlook
No change in AUD/USD's outlook. With 0.7448 minor support intact, rebound from 0.7158 could extend higher towards 0.777... - Jan 19 04:12 GMT

Special Reports

FX 2017: - CHF: SNB To Tolerate Modest EURCHF Drop
Jan 18 07:21 GMT
We expect EURCHF to weaken modestly from current level. Elevated political unce...
FX 2017: JPY – Yield Curve Control To Keep Yen Weak
Jan 16 02:44 GMT
Recent correction does not change our relatively positive outlook over USDJPY t...
China Watch: Soaring Oil Prices Weighed On Trade Surplus Whilst Lifted PPI
Jan 13 07:15 GMT
China's trade surplus narrowed to US$40.8B in December from USD44.6B a month ag...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Sell at 1.0070
The greenback recovered after falling briefly below 1.0000 level, suggesting minor consolidation would be seen, however, reckon u... - Jan 18 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Buy at 1.2240
Cable's retreat after rising to 1.2416 suggests consolidation would be seen and initial downside risk is for weakness to 1.2260-6... - Jan 18 15:42 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.0640
As the single currency found has eased after rising to 1.0719 yesterday, suggesting minor consolidation below this level would be... - Jan 18 15:38 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 114.05
The greenback has recovered after falling to 112.57, suggesting consolidation above this level would be seen and corrective bounc... - Jan 18 15:27 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Kiwi found good support at 0.6862 last month and renewed buying interest c... - Jan 18 10:12 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Aussie's rise from 0.7158 low has gathered momentum and broke above indica... - Jan 18 09:50 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Cable did meet renewed selling interest at 1.2317 and dropped in line with... - Jan 17 10:35 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.8730
The single currency ran into strong resistance at 0.8857 and retreated sharply, suggesting top is possibly formed there and conso... - Jan 18 14:46 GMT
Trade Idea: USD/CAD - Sell at 1.3190
As the greenback has rebounded after falling marginally to 1.3019, suggesting consolidation above this level would be seen and re... - Jan 18 14:40 GMT
AUD/USD Elliott Wave Analysis
Aussie has surged again after brief pullback and broke above previous resistance at 0.7525, signaling the fall from 0.7778 has en... - Jan 18 11:25 GMT
Trade Idea: EUR/JPY - Sell at 121.65
As the single currency has recovered after holding above yesterday's low at 120.54, suggesting consolidation above this level wou... - Jan 18 10:52 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
The single currency did meet renewed selling interest at 1.4366 late ... - Jan 18 11:34 GMT
GBP/USD Elliott Wave Analysis
Cable met renewed selling interest at 1.2317 last week (we recommende... - Jan 17 12:04 GMT
GBP/JPY Elliott Wave Analysis
Sterling's retreat from 148.45 (last month's high) turned out to be d... - Jan 17 11:54 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jan 19 04:25 GMT

Action Bias

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

Fundamental Analysis Reports

Latest Beige Book Provides Further Evidence of a Tight US Labour Market
Jan 19 03:05 GMT, by RBC Financial Group
Manufacturers noted increased sales in most districts and some saw conditions as having turned around relative to early-2016. Most districts reported rising non-auto retail sales although several not...
Bank of Canada Holds Overnight Rate at 0.50%
Jan 19 03:03 GMT, by RBC Financial Group
The Bank of Canada continues to see the economy shifting to above-trend growth this year and next, thus gradually absorbing excess capacity and returning inflation to 2% on a sustained basis by mid-2...
A Hawk Takes Flight
Jan 19 02:45 GMT, by MarketPulse
Equity markets have been trading flat ahead of the US presidential inauguration while the US Treasuries sold off, but certainly, there’s a sense that the post-election honeymoon is over. The primary ...
EUR/USD's Draghi Drag
Jan 19 02:33 GMT, by Vantage FX
A good time to come back to the forex news blog, with Mario Draghi speaking sandwiched between two Janet Yellen speeches in the next 24 hours. This of course puts EUR/USD firmly in play for the tradi...
Poloz Holds as Uncertainty Remains Unabated
Jan 18 16:05 GMT, by TD Bank Financial Group
Beneath a 'steady as she goes' decision lies a great deal of concern for the Bank of Canada. First and foremost is the possibility of protectionist measures that would have a 'material' negative impa...
US December CPI Up 2.1% from a Year Ago
Jan 18 16:03 GMT, by RBC Financial Group
The headline CPI increased 0.3% on a month-over-month basis. Energy rose 1.5% from November, boosted by a 3.0% jump in gasoline prices that left that measure up 9.1% from a year ago. Food prices were...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Jan 19 03:48 GMT, by Kshitij Consultancy Services
The Euro (1.0637) may dip some more to test good Support at 1.0580 and then be ranged between 1.0580 and 1.0650 for a couple of days. Dollar-Yen (114.68) has immediate Resistance at 115.25 which need...
Foreign Exchange Market Commentary
Jan 19 03:47 GMT, by HY Markets
Majors were mostly consolidating this Wednesday, with the EUR/USD pair ending the day marginally lower, at 1.0680. The American dollar corrected higher as a sign of relief, but gains were mostly shal...
GOLD - Set To Extend Short Term Upside Pressure
Jan 19 02:43 GMT, by FXTechstrategy
GOLD - The commodity remains on the offensive in the short term despite its present price hesitation. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the ...
GBP/USD Could Be Heading Towards 1.30s Again
Jan 19 02:40 GMT, by Forex.com
UK Prime Minister Theresa May's comments about how the UK will leave the EU were well-received by traders yesterday as she confirmed that Parliament will debate the final Brexit deal. As a result, th...
Dollar At Critical Juncture Ahead Of US Inauguration
Jan 19 02:39 GMT, by Forex.com
Just a couple of days before Donald Trump's inauguration as US president, the dollar is on a modest rebound but still generally under pressure amid a pullback that has been in place since the beginni...
Canadian Dollar Falls On Fears Of US Protectionism
Jan 19 02:37 GMT, by Forex.com
Although the Bank of Canada (BoC) left its overnight rate unchanged at 0.5% as expected on Wednesday, BoC Governor Stephen Poloz also said that 'a rate cut remains on the table,' which helped prompt ...
All Daily Technical Reports >>

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Long Term Forecasts

DAX 6 Month Outlook 2016 H2
Aug 18 14:12 GMT, by MarketPulse
DAX 6 Month Outlook 2016 H2 What impact has Brexit had on Germany? It's still too early to determ...
AUD/USD Australian Dollar 6 Month Outlook 2016 2H
Aug 02 15:28 GMT, by MarketPulse
The RBA seems to be little concerned by Brexit and believes it's far too soon to pass judgment on t...
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...
All Long Term Forecasts >>
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