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Feb 08 10:01 GMT

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Daily Report: Forex Markets Range Bound in Holiday Trading
Feb 08 08:00 GMT, by ActionForex.com
The forex markets opened the week quite quietly on thin holiday trading due to lunar new year. Major pairs and crosses are stuck in Friday's range even though mild strength is seen in sterling and commodity currencies. Late decline in US equities last week sent Asian stocks lower with Nikkei trading in red for most of the none. Nonetheless, the in...

Technical Outlook

EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. Another rise is expected as long as 129.07 resistance turned s... - Feb 08 09:46 GMT
GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. The corrective rise from 163.96 could have finished. Break of ... - Feb 08 09:44 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral as the consolidation pattern from 0.7754 short term top might extend. Another ... - Feb 08 09:41 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains mildly on the upside for 1.6074 resistance. Break will extend recent rally from 1.4347... - Feb 08 09:39 GMT

Special Reports

BOE United Again To Keep Policy Rate On Hold. GDP And Inflation Forecasts Downgraded
Feb 05 06:02 GMT
Joining the more dovish stance of other central banks in the advanced economy, ...
FX 2016: Avoid Illusioned By Near-Term Euro Strength
Feb 04 09:42 GMT
EURUSD has breached the upper boundary of recent trading range. Rather than imp...
RBA Keeps Its Powder Dry, Leaves Door Open For Rate Cut
Feb 02 04:52 GMT
As universally expected, the RBA left the cash rate unchanged at 2% in February...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9935
As the greenback has staged a strong rebound after intra-day brief fall to 0.9882 on dollar's broad-based strength, suggesting co... - Feb 05 15:48 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.4550
As cable has slipped again after intra-day brief bounce to 1.4593, adding credence to our view that top has possibly been formed ... - Feb 05 15:42 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1175
Despite intra-day brief rise to 1.1249, lack of follow through buying on break of resistance at 1.1239 and current retreat below ... - Feb 05 15:31 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 116.85
As the greenback has rebounded after intra-day brief fall to 116.29, suggesting consolidation above this level would be seen with... - Feb 05 15:25 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
Euro's anticipated rebound from 126.17 adds credence to our view that a te... - Feb 05 09:40 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The greenback only recovered to 1.4326 before dropping again, adding crede... - Feb 05 09:07 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has retreated again after meeting resistance at 0.7... - Feb 04 09:02 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7645
Euro's strong rebound after holding above support at 0.7526 signals the pullback from 0.7756 has ended there and bullishness is s... - Feb 05 14:57 GMT
Trade Idea: USD/CAD - Exit short entered at 1.3800
Despite yesterday's fall to 1.3639, the subsequent rebound from there suggests a minor low has been formed there and consolidatio... - Feb 05 14:52 GMT
Trade Idea: EUR/JPY - Hold long entered at 130.45
As the single currency has retreated after meeting resistance at 131.66 yesterday, suggesting further consolidation would be seen... - Feb 05 10:18 GMT
Trade Idea: AUD/USD - Stand aside
As aussie has retreated after rising to 0.7243 yesterday, suggesting consolidation below this level would be seen and pullback to... - Feb 05 10:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Euro's rebound after holding above previous support at 126.09 suggest... - Feb 05 10:41 GMT
USD/CHF Elliott Wave Analysis
Although the greenback edged higher to 1.0256 last week, the subseque... - Feb 05 10:31 GMT
EUR/GBP Elliott Wave Analysis
The single currency remained confined within near term established ra... - Feb 04 10:43 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Feb 08 09:55 GMT

Action Bias

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

Fundamental Analysis Reports

Markets Conclude Another Week Staring At Losses
Feb 08 09:29 GMT, by ForexTime
The financial markets concluded trading for another week staring at losses after an uninspiring jobs report from the United States encouraged further concerns over the global economy. The US economy ...
Dollar Rebounds After Decent US Payrolls Report
Feb 08 09:26 GMT, by KBC Bank
The reaction of global markets to the US payrolls was ambiguous. The dollar rebounded as the details of the report were strong. At the same time equities sold off. The dollar tries to build a bottom ...
Quiet Asian Session, China Closed For New Year
Feb 08 09:15 GMT, by Swissquote Bank SA
After Friday's market turmoil, we are having quiet start into the week as most Asian markets are closed for holidays. Japanese equities traded higher for the second consecutive day as the JPY paired ...
German Factory Orders Fall In December, France's Trade Gap Narrows
Feb 08 09:12 GMT, by Dukascopy Swiss FX Group
German factory orders declined more than expected in December amid a weak demand at home and in other Euro zone countries. According to the Economy Ministry, orders decreased 0.7% in the reported mon...
Canada Unemployment Rate At 2-Year High Amid High Job Loss
Feb 08 09:10 GMT, by Dukascopy Swiss FX Group
Canada's unemployment rate rose to the highest level since December 2013, as the economy lost jobs in the agriculture and manufacturing sectors. The number of jobs declined 5,700 and the unemployment...
US Job Creation Slows, Unemployment Rate Falls To 4.9% In January
Feb 08 09:09 GMT, by Dukascopy Swiss FX Group
The US economy created fewer jobs in January than expected, but rising wages and the unemployment rate at an eight-year low signalled the labour market recovery remains strong. Non-farm payrolls rose...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD's Bears To Face Monthly R2
Feb 08 09:47 GMT, by Dukascopy Swiss FX Group
Last Friday was the first bearish day for EUR/USD in six consecutive trading sessions. After touching the third monthly resistance at 1.1246, the pair has immediately bounced back to close slightly a...
GBP/USD In Limbo Around 1.45
Feb 08 09:45 GMT, by Dukascopy Swiss FX Group
The Cable took a beating on Friday, as the exchange rate edged closer to the 1.45 psychological level, mostly due to a decline in US Unemployment Rate. The pair remains rather weak and might retreat ...
USD/JPY: Market Reassesses Friday's Data
Feb 08 09:38 GMT, by Dukascopy Swiss FX Group
The Greenback appears to be eager to recover from an almost full week of losses against the Japanese Yen, despite mixed fundamental results on Friday. The USD/JPY currency pair still faces an obstacl...
Gold Tests Ability To Consolidate Beyond 1,170
Feb 08 09:35 GMT, by Dukascopy Swiss FX Group
We are observing some selling pressure for the first time in seven trading days. XAU/USD surged above and closed beyond the August high of the previous year, while surpassing the second monthly resis...
Daily FX Report
Feb 08 08:35 GMT, by Varengold Bank
The dollar held onto its post-payrolls gains early on Monday in a sluggish start to the week with the Lunar New Year holidays and the Super Bowl game all but guaranteeing a tepid session in Asia. Whi...
EUR/USD Builds Both Bullish And Bearish ABC Zigzags
Feb 08 07:03 GMT, by Admiral Markets
The EUR/USD has completed a bullish ABC (green) zigzag but the entire correction could be prolonged via a WXY (blue). This wave count is invalidated when price breaks below the support trend line (gr...
All Daily Technical Reports >>

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Long Term Forecasts

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...
Gold for Bear Market?
Oct 13 13:23 GMT, by Merk Hard Currency Fund
A "bear market" is frequently defined as a decline of at least 20% in the S&P 500 index. Troubl...
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...
All Long Term Forecasts >>
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