ActionForex.com
Feb 09 16:37 GMT
English Arabic Chinese (Simplified) French German Japanese Portuguese Spanish

Sponsors

Forex Expos

Action Insight

Mid-Day Report: Euro Mildly Firmer as Greek Austerity Deal Reached, ECB on Hold, BoE Added QE
Feb 09 14:31 GMT, by ActionForex.com
Euro is mildly firmer in early US session on report that Greek politicians have finally agreed on the austerity deal. The majority Socialist said that Prime Minister Papademos reached a tentative agreement with three coalition party leaders after a marathon meeting but no detail is released yet. This is confirmed by ECB President Draghi in the pos...

Technical Outlook

GBP/JPY Mid-Day Outlook
Intraday bias in GBP/JPY remains neutral for the moment and more consolidations could be seen below 122.85 temporary to... - Feb 09 14:02 GMT
EUR/JPY Mid-Day Outlook
Intraday bias in EUR/JPY remains on the upside with 101.65 minor support intact. Current rebound from 97.03 is expected... - Feb 09 13:59 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the upside with 1.3214 minor support intact. Current rise from 1.2625 is expected t... - Feb 09 13:55 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment and more consolidation could be seen below 1.5928 temporary top... - Feb 09 13:52 GMT
Free Forex Ebook - Candlesticks

Special Reports

ECB To Stand On The Sideline While BOE To Extend Asset Purchases
Feb 08 07:02 GMT
Although Greece's PSI and its access to the new tranche of bailout fund dragged...
RBA Unexpectedly Paused After 2 Successive Rate Cuts
Feb 07 05:17 GMT
The RBA unexpectedly left the cash rate unchanged at 4.25% in February, in cont...
2012 Forecast: NZD To Outperform USD And AUD Due To Rate Differential
Feb 06 09:00 GMT
It's likely that the RBNZ will stand on the sideline for most of this year. Wit...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
Email:

Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF – Hold long entered at 0.9140
Despite intra-day brief fall to 0.9106, lack of follow through selling on break of previous support at 0.9112 and the subsequent ... - Feb 08 15:46 GMT
Trade Idea Wrap-up: GBP/USD – Stand aside
Despite intra-day brief rise to 1.5929, the subsequent sharp retreat signals a temporary top has been formed there and consolidat... - Feb 08 15:42 GMT
Trade Idea Wrap-up: EUR/USD – Stand aside
Although intra-day marginal rise to 1.3289 has retained our view that near term upside risk remains for recent upmove from 1.2624... - Feb 08 15:36 GMT
Trade Idea Wrap-up: USD/JPY – Stand aside
Despite intra-day rise to 77.19, the subsequent retreat suggests consolidation below this level would take place and test of the ... - Feb 08 15:32 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency found decent demand after early retreat to 99.25 and r... - Feb 08 08:24 GMT
USD/CAD Candlesticks and Ichimoku Analysis
As the greenback has remained under pressure after early breach of previou... - Feb 08 08:07 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Despite last week’s rise to 1.5884, the subsequent retreat suggest consoli... - Feb 07 08:35 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP – Sell at 0.8400
As the single currency has staged a strong rebound after yesterday’s fall to 0.8264, retaining our view that further consolidatio... - Feb 08 14:49 GMT
Trade Idea: USD/CAD – Hold short entered at 1.0050
Despite yesterday’s bounce to 0.9995, as renewed selling interest emerged there and price has retreated again, retaining our bear... - Feb 08 14:43 GMT
Trade Idea: EUR/JPY – Target met and buy again on pullback
Yesterday’s rally has justified our bullishness, our long position entered at 99.60 earlier finally met indicated target at 101.6... - Feb 08 09:17 GMT
Trade Idea: AUD/USD – Stand aside
Although aussie has risen again after brief pullback and recent rise from 0.9388 may extend further gain in wave c to 1.0850-60 a... - Feb 08 09:10 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Despite early anticipated retreat to 99.25, the subsequent strong reb... - Feb 08 09:51 GMT
USD/CHF Elliott Wave Analysis
Although dollar’s retreat from 0.9595 signals the rise from 0.7068 re... - Feb 08 09:44 GMT
GBP/JPY Elliott Wave Analysis
Despite last month’s fall to 117.30, the subsequent stronger-than-exp... - Feb 07 09:16 GMT
More Elliott Wave Weekly Analysis >>

Trade Ideas Search

Candlesticks Trades
Elliott Wave Trades

Markets Volatility

Pivot Points

Currency Heat Map (Daily)

USD EUR JPY GBP CHF
USD      
EUR      
JPY      
GBP      
CHF      

Last Updated: Feb 09 16:30 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↑ UP↑ UP↑ UP- NE
USDJPY- NE↑ UP- NE- NE
GBPUSD- NE- NE↑ UP- NE
USDCHF- NE↓ DN↓ DN- NE
USDCAD- NE- NE↓ DN- NE
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Forex Brokers

Fundamental Analysis Reports

ECB Further Loosens Collateral Criteria
Feb 09 15:53 GMT, by FXTimes
The ECB president stuck to a mainly "wait and see" mode in his press conference reiterating the position that economic conditions have stabilized at low levels but showed concern about downside risks...
U.S. Initial Jobless Claims Fell in the Week Ending February 4, 2012
Feb 09 15:25 GMT, by RBC Financial Group
US initial unemployment insurance claims declined 15,000 to 358,000 in the week ending February 4, 2012, thereby building on a 6,000 drop to an upwardly revised 373,000 level (initially reported as 3...
Should Euro Rise or Fall on Greek Deal?
Feb 09 14:49 GMT, by Saxo Bank
The market wants to celebrate the Greek bailout deal as a Euro positive, but isn't there also a Euro-bearish case to be made in the wake of this deal as well? Also, USDJPY pushing at key resistance. ...
BoE Does Another £50bn QE - Buying Strategy Changed
Feb 09 14:39 GMT, by Danske Bank
The Bank of England announced earlier today that it will continue with its quantitative easing programme. Specifically, the Bank of England will purchase £50bn Gilts over the next three months, i.e. ...
BOE's Cautious QE Path and Why GBP is Immune to it all...
Feb 09 13:23 GMT, by Forex.com
Today the BOE increased QE by GBP50bn and kept the benchmark interest rate at 0.5%, as expected. In his letter to the Chancellor BOE Governor Mervyn King said that the extra QE was necessary to ensur...
Greece is Close to a Deal
Feb 09 13:14 GMT, by Danske Bank
Although negotiating through the night, Greek politicians did not reach an agreement on the required austerity measures. As they have now failed to meet about five deadlines, the Greeks will have to ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Mario Draghi Provided no Spark at the ECB Press Conference; EUR/USD Keeps Bullish Bias
Feb 09 15:51 GMT, by FXTimes
I did not get much of anything new or surprising from Mario Draghi's statement, and the market looks like it didn't neither, at least in the EUR/USD reaction, which failed to define direction. Headin...
FX Thoughts for the Day
Feb 09 13:20 GMT, by Kshitij Consultancy Services
Dollar-Swiss failed to extend its downmove strongly below 0.9100 and has bounced back well from its low of 0.9090. It will have to be seen whether the pair gains upside momentum for further rise. The...
BoE Expands QE by 50Bn Pounds Instead of 75Bn; GBP Rallies
Feb 09 13:04 GMT, by FXTimes
The Bank of England was expected to expand its Bond purchasing program, aka Quantitative Easing from £275bn to £325bn. Economists had forecast a larger expansion of £75bn to £...
EURJPY - Risk Continues To Point To The 102.52 Level And Beyond
Feb 09 11:18 GMT, by FXTechstrategy
EURJPY- With the cross holding above the 102.19 level and challenging the 102.52 level, its Dec 21’2011 low, further upside offensive looks to continue. Above the 102.52 level will call for a run at ...
USD/JPY Resumes Uptrend After Deep Adjustment
Feb 09 10:55 GMT, by ZIFX.com
On Wednesday Dollar/Yen traded within 50 pip range. The currency couple depreciated from 77.19 to 76.70 yesterday, matching the negative Interbank sentiment at bellow -3%, closing the day at 77.02. T...
Forex Technical Analysis
Feb 09 10:08 GMT, by DeltaStock Inc.
Yesterday's minor corrective pattern below 1.3288 has been finalized at 1.3215 low and the uptrend is renewed, heading towards 1.3360, en route to 1.3465. Initial minor support is projected at 1.3267...
All Daily Technical Reports >>

Analysis Report Search

Central Bank Analysis
Economic Data Reviews
Technical Analysis

Long Term Forecasts

Chinese Dragon To Unshackle Renminbi?
Jan 18 15:32 GMT, by Merk Hard Currency Fund
With the Year of the Dragon around the corner, will the renminbi be unshackled? Will there be a sur...
FX Forecast Update January 2012: Euro Pain - Stocky Gain
Jan 17 15:16 GMT, by Danske Bank
EUR/USD: Eurozone money market rates are expected to fall further and as a result we have opted to ...
U.S. Dollar & Currencies: Review and Outlook
Jan 05 17:22 GMT, by Merk Hard Currency Fund
U.S. Dollar & Currencies: Review and Outlook In 2012, policy makers around the world may be dr...
2012 Outlook: Uncertainty about Growth and Debts
Dec 27 11:16 GMT, by Jyske Bank
Following a fairly quiet beginning of the year, the second half of 2011 saw wide fluctuations and j...
1Q 2012 Markets Outlook: The Year of Living Dangerously Begins
Dec 26 09:19 GMT, by Forex.com
As we enter 2012, we expect investor risk sentiment to remain the principal driver of key markets' ...
All Long Term Forecasts >>
ActionForex.com © 2012 All rights reserved.