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Daily Report: Euro Sharply Lower ahead of EU FM Summit Outcome, FOMC in FocusMar 16 06:48 GMT, by ActionForex.com Euro was sharply lower overnight as it's not likely to have a detailed rescue package for Greece as the two-day summit of Euro Zone finance ministers conclude. EU FMs are expected to laid the ground work on a mechanism that would allow them to help Greece financially if needed. As Luxembourg Prime Minister Jean-Claude Juncker said yesterday, technical arrangements would be clarified to allow EU me...
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Daily and Weekly Technical Outlook |
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Candlesticks Trade Ideas |
Trade Idea: USD/CHF - Sell At 1.0675Mar 16 07:07 GMT, by ActionForex.com Although dollar retreated after yesterday's rebound to 1.0642, as long as support at 1.0566 holds, further consolidation would take place today and an...
Trade Idea: GBP/USD - Sell At 1.5150Mar 16 07:06 GMT, by ActionForex.com Yesterday's sharp retreat signals top has been formed at 1.5218 and consolidation with downside bias is seen for further weakness to 1.5000 (50% Fibon...
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Candlesticks & Ichimioku Analysis |
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Elliott Wave Trade Ideas |
Trade Idea: EUR/JPY - Buy At 123.00Mar 15 10:16 GMT, by ActionForex.com Despite intra-day brief rise above Friday's high at 125.21 to 125.36, lack of follow through buying and the retreat from there suggest consolidation w...
Trade Idea: AUD/USD - Buy At 0.9035Mar 15 10:15 GMT, by ActionForex.com As aussie has retreated after intra-day marginal rise to 0.9209 (Friday's high was 0.9195), suggesting minor top is formed and consolidation below the...
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Daily and Weekly Fundamental Reports |
Markets Brace For FOMC Decision - USD FirmerMar 16 09:36 GMT, by MG Financial Group Asian equity markets were mixed after a late session rally leveled off a lackluster day in the US with the Dow up 17.46 points, closing at 10642.15. Financials rallied late in the day after Senator Do...
EU Measures To Support Greece Fail To Support The EuroMar 16 08:40 GMT, by KBC Bank On Monday, receding appetite of global investors to take risk weighed on the EUR/USD cross rate. The Finance Ministers of the euro-group again failed to give any details on how they will support Greec...
Morning Forex OverviewMar 16 08:22 GMT, by Dukascopy Swiss FX Group The dollar edged down against the yen and euro in Asian trading Tuesday, as investors awaited the results of the U.S. Federal Reserve's policy meeting later in the session and the Bank of Japan policy...
Looking Towards FOMC Meeting TonightMar 16 08:01 GMT, by Saxo Bank All eyes on the FOMC decision (18:15 GMT) and statement in the US session – and especially on the QE program. Some indications of tight Fed liquidity lately, which shows strong demand for funds at cur...
Flash Comment: FOMC PreviewMar 16 08:01 GMT, by Danske Bank We see increasing signs of a self-sustained recovery with relatively solid progress in consumer spending and more developed indications of an imminent turnaround in the labour market. Still, recent si...
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Daily and Weekly Technical Reports |
Currency Crosses Pairs AnalysisMar 16 09:16 GMT, by DeltaStock Inc. EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: the rebound from 0,9050 keeps threatening 0,9...
Technical Analysis Daily: GBP/USDMar 16 09:06 GMT, by iFOREX.bg Pound/Dollar decreased on Monday, following the weak Interbank sentiment at only 0.68%. The Cable depreciated from 1.5200 to 1.5023, closing the day at 1.5023. Descending continued today, forming new...
Today's Market OutlookMar 16 09:04 GMT, by Windsor Brokers Ltd EURUSD Failed to clearly break above 3-months falling trendline resistance, triggering reversal to 1.3639, just ahead of key 1.3620 support. Break there would increase risk of near-term bear resumptio...
EUR/USD: 1.3735 To Create Printing SalesMar 16 08:58 GMT, by Hedef Online A strong rise last week was closed by parity. However, a particularly important resistance 1.3795. This resistance does not instill seems to have brought in sales of motion. We know that we are in the...
USD Looks To Regain As Euro Breaks A Strong Support LevelMar 16 08:46 GMT, by Finotec Group European finance ministers laid the groundwork for a financial lifeline to debt-stricken Greece, breaking a taboo against aid to cash-strapped governments in order to avert a crisis for the euro. Offi...
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Action Insight Newsletter |
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Interest Rates |
 0.25% |
 1.00% |
 0.10% |
 0.50% |
 0.25% |
 0.25% |
 4.00% |
 2.50% |
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Speeches and Publications |
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| Forex Top Movers |
Ccy Heat Map |
| Pair | Rate | Chng % |
|---|
| NZDUSD | 0.7038 | +0.34% |
| NZDJPY | 63.68 | +0.31% |
| AUDNZD | 1.2999 | -0.26% |
| USDCAD | 1.0179 | -0.13% |
| USDCHF | 1.0605 | -0.11% |
| CHFJPY | 85.31 | +0.09% |
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| EUR | |
| JPY | |
| GBP | |
| CHF | |
| CAD | |
| AUD | |
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| Action Bias & Pivot Points |
| Currency |
Last |
Bias |
S1 |
R1 |
| EURUSD |
1.3679 | Neutral | 1.3618 | 1.3756 |
| USDJPY |
90.50 | Neutral | 90.30 | 90.78 |
| GBPUSD |
1.5055 | Neutral | 1.4980 | 1.5168 |
| USDCHF |
1.0608 | Neutral | 1.0580 | 1.0648 |
| USDCAD |
1.0180 | Neutral | 1.0160 | 1.0228 |
| AUDUSD |
0.9151 | Neutral | 0.9100 | 0.9187 |
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