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Feb 07 21:32 GMT

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Market Overview

Weekly Review and Outlook: Dollar Sold off on Fed Expectations, Focus Back to Stocks and Oil
Feb 07 04:41 GMT, by ActionForex.com
Dollar tumbled broadly last week as markets were pricing out chance of a rate hike by Fed in near term. However, the greenback's weakness was overwhelmed by Aussie towards the end of the week as traders seemed unconvinced by the recovery in risk appetite. WTI crude oil also struggled to find follow through buying above 30 handle and there seemed t...
US Session: Orders and Options Watch
Feb 05 14:45 GMT, by ActionForex.com
EUR: The single currency rose briefly to 3 and half month high of 1.1249 in NY morning after the release of US job data but the pair quickly dropped on dollar's broad-based strength as US unemployment rate fell below 5% to an 8-year low of 4.9%. Offers are now noted at 1.1190-00, 1.1245-50 and 1.1275, selling interest is tipped at 1.1300, 1.1330 a...
Mid-Day Report: Dollar Recovers Mildly on Unemployment Rate and Wage Growth
Feb 05 14:02 GMT, by ActionForex.com
After initial knee jerk reactions to the headline job number, dollar quickly recovers and is trading mildly higher in early US session. Non-farm payroll report showed 151k growth in job market in January, lower than expectation of 192k. Prior month's figure was also revised down from 292k to 262k. However, the unemployment rate dropped to 4.9% ver...
All Market Overview Reports >>

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD surged to as high as 1.1247 last week as the rebound from 1.0517 resumed. A temporary top was formed and initia... - Feb 07 03:51 GMT
USD/JPY Weekly Outlook
USD/JPY dropped sharply to as low as 106.27 last week but is staying in range of 115.96/125.85 so far. Outlook is uncha... - Feb 07 03:45 GMT
GBP/USD Weekly Outlook
The rise from 1.4079 extended higher last week and was stronger than expected. But still, we're treating it as a correc... - Feb 07 03:40 GMT
USD/CHF Weekly Outlook
USD/CHF staged a sharp reversal last week as the corrective rise from 0.9784 has completed at 1.0255. Initial bias stay... - Feb 07 03:37 GMT
AUD/USD Weekly Outlook
The rebound from 0.6826 extended further higher last week and was stronger than expected. But the strength and structur... - Feb 07 03:32 GMT
GBP/JPY Weekly Outlook
GBP/JPY edged higher to 175.01 last week but reversed since then. corrective rise from 163.96 should have completed bre... - Feb 06 14:54 GMT
EUR/JPY Weekly Outlook
EUR/JPY stayed in consolidative trading below 132.36 last week. Initial bias stays neutral this week first. Another ris... - Feb 06 14:50 GMT
EUR/GBP Weekly Outlook
EUR/GBP stayed in the consolidation pattern from 0.7754 short term top and outlook is unchanged. Initial bias remains n... - Feb 06 14:45 GMT
EUR/AUD Weekly Outlook
EUR/AUD's strong rebound suggests that pull back from 1.6074 has completed at 1.5247 already after drawing support from... - Feb 06 14:40 GMT
EUR/CHF Weekly Outlook
EUR/CHF surged to as high as 1.1198 last week but formed a short term top there after missing 61.8% projection of 1.023... - Feb 06 14:35 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the downside for the moment. Fall from 1.0255 is still in progress and is seen as t... - Feb 05 14:15 GMT
USD/JPY Mid-Day Outlook
At this point, we maintain that price actions from 125.85 are viewed as a sideway consolidation pattern. Thus, strong s... - Feb 05 14:11 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, BOE voted unanimousl...
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 improvements in Eurozon...
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. This is the 10th c...
BOJ Adopts Negative Rates
Jan 29 06:32 GMT
On a surprising move, BOJ cut its benchmark rate to -0.1%, with a 5-4 vote, from 0.1% previously. T...
Further Cuts Needed To Boost Inflation, RBNZ Says
Jan 28 06:07 GMT
RBNZ left the OCR unchanged at 2.5%, following a -25 bps cut last month. However, policymakers have...
Fed Revised Economic Assessment Lower. Yet, Remained Confident Over Employment
Jan 28 04:28 GMT
The Fed left the policy rate unchanged in January, following a +25 bps hike a month ago.. While thi...
All Special Reports >>
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