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Dec 29 14:29 GMT

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Daily Report: Euro Soft ahead of Greek Vote
Dec 29 04:19 GMT, by ActionForex.com
Strong risk appetite is seen in the financial markets as another holiday-shortened week starts. Major Asian equities are recording gains with HK HSI up as much as 2%. But Nikkei lags behind and pared initial gain to be flat at the time of writing. That followed last week's rally in US stocks where DJIA and S&P 500 made record closes of 18053.7...

Technical Outlook

EUR/USD Daily Outlook
Downside momentum in EUR/USD is not too convincing for the moment. But with 1.2272 minor resistance intact, further fal... - Dec 29 06:28 GMT
GBP/USD Daily Outlook
Prior break of 1.5540 support confirmed decline resumption. Downside momentum isn't too convincing for the moment. But ... - Dec 29 06:24 GMT
USD/CHF Daily Outlook
With 0.9784 minor support intact, further rise is expected in USD/CHF. Current rally from 0.8698 should target a test o... - Dec 29 06:20 GMT
USD/JPY Daily Outlook
With 119.30 minor support intact, recovery from 115.55 might extend to retest 121.84 high. But break there is needed to... - Dec 29 06:17 GMT

Special Reports

2015 FX Outlook - USD to Outperform against Major Currencies
Dec 29 13:16 GMT
Hinging on rate hike expectations, the US dollar is expected to strengthen agai...
SNB Surprisingly Introduces Negative Rates To Defend EURCHF Floor
Dec 19 04:01 GMT
The SNB surprisingly announced to cut interest rate to -0.25% on sight deposit ...
Fed Replaced 'Considerable Time' Language With Patience In Normalization
Dec 18 04:04 GMT
Fed members removed the 'considerable time' language in the December FOMC state...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day selloff to 0.9553, as the greenback found support there and has recovered, suggesting consolidation above this ... - Dec 16 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Cable's rally from 1.5602 turned out to be much stronger than expected and the intra-day breach of resistance at 1.5747-57 signal... - Dec 16 16:00 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has eased after intra-day rise to 1.2570, suggesting consolidation would be seen and pullback to the Kijun... - Dec 16 15:57 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has recovered after intra-day selloff to 115.57, suggesting minor consolidation would be seen and recovery to th... - Dec 16 15:54 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound rebounded after falling to fresh 2014 low of 1.... - Dec 16 06:38 GMT
USD/CHF Candlesticks and Ichimoku Analysis
As the greenback has retreated again after brief rise to 0.9818 early last... - Dec 16 06:21 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded after falling to 1.2247, as long as... - Dec 15 10:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
Despite intra-day brief rise to 0.8007, lack of follow through buying and current retreat suggest an intra-day top has possibly b... - Dec 16 14:34 GMT
Trade Idea: USD/CAD - Buy at 1.1520
As the greenback has eased after rising to 1.1674, suggesting minor consolidation would be seen and pullback to 1.1550 cannot be ... - Dec 16 14:26 GMT
Trade Idea: EUR/JPY - Sell at 146.70
As euro's decline has gathered momentum, adding credence to our view that top has been formed at 149.79 (tentatively wave v peak)... - Dec 16 09:12 GMT
Trade Idea: AUD/USD - Stand aside
Although the Australian dollar has remained under pressure and near term downside risk remains for recent decline to extend margi... - Dec 16 09:01 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
As the British pound recovered after falling marginally to 1.5541 las... - Dec 16 08:18 GMT
USD/CHF Elliott Wave Analysis
Although the greenback rose marginally to 0.9818 last week, as dollar... - Dec 16 08:09 GMT
USD/JPY Elliott Wave Analysis
Although the greenback rose to as high as 121.85, the subsequent retr... - Dec 15 11:28 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Dec 29 14:20 GMT

Action Bias

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

Gold Steady After Strong Gains
Dec 29 13:13 GMT, by MarketPulse
Gold is steady on Monday, after posting strong gains of 1.6% on Friday. In Monday's European session, the spot price stands at $1191.38 per ounce. There are no US releases on Monday, but we'll get a ...
EUR Not Bothered By Greek Outcome
Dec 29 12:18 GMT, by MarketPulse
It's a difficult week to get excited about in Capital Markets. Most of the necessary positional business that had to be done will have been concluded well ahead of the New-Year turn due to the mass...
EUR/USD - Little Change as Greece Headed to Elections
Dec 29 12:16 GMT, by MarketPulse
It's the final trading week of 2014 and predictably, the currency markets are in slow gear. EUR/USD is trading just below the 1.22 line on Monday, unchanged from last week and close to 2-year lows. T...
Greece Fails to Select a President With Snap Elections to be Called in Early 2015
Dec 29 11:59 GMT, by Trade The News
The USD remained in tight ranges but the focus remained on the 3rd and final round of the Greece Parliament selection process on PM Samaras candidate for President - Stavros Dimas. The country would ...
Presidential Vote in Greece Keeps EUR Range-Bound
Dec 29 10:34 GMT, by Swissquote Bank SA
Forex markets are stable with USD weaker, as traders await the result of the presidential vote in Greece. Asia's regional equity indices were broadly higher reflecting the sessional optimism perhaps ...
Asian Mid-Session Update: China Financials Surge after PBoC Injects More Liquidity with Loan-to-Deposit Rule Revision
Dec 29 06:58 GMT, by Trade The News
China financials are trading sharply higher after a PBoC report over the weekend confirmed the govt would be changing the rules on loan-to-deposit ratio calculations effective 2015 to inject further ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Gold Consolidates above 2013 Low
Dec 29 10:42 GMT, by Dukascopy Swiss FX Group
XAU/USD cross jumped considerably on Friday, as it was able to pierce through a major resistance line, represented by the 2013 low, 23.6% Fibonacci retracement and weekly pivot point around $1,190. M...
USD/JPY Intends to Challenge 121 Once Again
Dec 29 10:41 GMT, by Dukascopy Swiss FX Group
Although the US Dollar came under a strong selling pressure after hitting the resistance at 121, the currency has not yet fallen beneath 120. Accordingly, there is a high chance USD/JPY will soon re-...
GBP/USD Approaches 1.5650
Dec 29 10:40 GMT, by Dukascopy Swiss FX Group
Having established a solid support at 1.55 last week, the Cable is currently moving towards 1.5650. There the currency pair will meet the down-trend line that is strengthened by the weekly R1 and 20-...
EUR/USD Trades Around 1.22
Dec 29 10:37 GMT, by Dukascopy Swiss FX Group
On December 26, the EUR/USD currency pair developed in a very calm environment during the whole trading session. A resistance at 1.2228, represented by the monthly S2 is still keeping pair's bulls un...
The Daily Wave Analysis
Dec 29 08:15 GMT, by Admiral Markets
4 hour EURUSD: The EURUSD's downtrend has reached the 127.2% Fibonacci retracement level of the wave X (blue), which could be a bouncing spot for the wave Y (blue). 60 min EURUSD: Price ...
Foreign Exchange Market Commentary
Dec 29 05:16 GMT, by HY Markets
THE EURO closed lower on Friday as it extends this year's decline. The lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI ...
All Daily Technical Reports >>

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Long Term Forecasts

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...
USD/CAD - 2013 In Review
Jan 02 02:23 GMT, by MarketPulse
The Canadian dollar looked sharp as we began 2013, but struggled badly late in the year, as the cur...
All Long Term Forecasts >>
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