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Weekly Review and Outlook: Euro Broadly Lower on Greece Drama, Look For Resolution in EU SummitMar 20 16:37 GMT, by ActionForex.com Euro was sold off sharply last week on the drama of Greece bailout. Just as markets thought there's already an agreement reached between Eurozone countries on the way to provide financial aid to Greece, Germany came out and said that it's illegal to support such a plan and called for IMF's involvement. Greek Prime Minister Papandreou then set a deadline for EU leaders to craft a financial-aid mech...
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Daily and Weekly Technical Outlook |
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Candlesticks Trade Ideas |
Trade Idea: GBP/USD - Sell at 1.5190Mar 19 14:41 GMT, by ActionForex.com Despite early rise to 1.5382, the subsequent euro-led sharp retreat suggests top has been formed there and consolidation with mild downside bias is se...
Trade Idea: USD/CHF - Stand asideMar 19 14:39 GMT, by ActionForex.com Despite intra-day brief retreat to 1.0540, as dollar has rebounded again after finding renewed buying interest above yesterday’s low at 1.0534, sugges...
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Candlesticks & Ichimioku Analysis |
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Elliott Wave Trade Ideas |
Trade Idea: EUR/JPY - Buy At 121.50Mar 19 10:30 GMT, by ActionForex.com As the single currency has remained under pressure, suggesting this week's fall from 125.36 may bring stronger retracement of early rise from 119.66 a...
Trade Idea: AUD/USD - Buy At 0.9100Mar 19 10:28 GMT, by ActionForex.com As aussie retreated after faltering below this week's high of 0.9253, suggesting further consolidation would take place and retracement to 0.9050/60 i...
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Daily and Weekly Fundamental Reports |
The Week AheadMar 19 22:03 GMT, by Forex.com FX markets continue to fluctuate broadly in recent ranges, turning with every twist in the ongoing Greek drama. Risk saw higher in the beginning of the past week as EU leaders appeared to be in agreem...
Market Weekly WrapMar 19 21:28 GMT, by Trade The News FX traders shifted focus away from European peripherals and toward the FOMC and BOJ central bank meetings early on this week. But the Greek tragedy refused to leave the stage, and the euro continued t...
FX Strategy WeeklyMar 19 21:05 GMT, by Lloyds TSB Rumours of a hike in the US discount rate on Thursday proved unfounded but served as the starting shot of a rally in the dollar index, with monetary tightening in India on Friday triggering subsequent...
Key Reversal or Just "Profit Taking"?Mar 19 20:52 GMT, by Saxo Bank It was more than a bit disappointing for the risk bulls to see the week close on a sour note, though optimists might try to write it off as profit-taking or odd behavior and/or profit taking from the...
The Weekly Bottom LineMar 19 19:52 GMT, by TD Bank Financial Group The economic calendar was filled this week with a plethora of data on the state of the U.S. economy. The impact of inclement weather was evident in several areas including industrial production, which...
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Daily and Weekly Technical Reports |
Weekly Technical Update: Greenback Strength Re-emergingMar 19 19:43 GMT, by CMS Forex Last week, it the USD crosses such as the EUR/USD and GBP/USD were showing signs of reversal after greenback dominance for end of 2009 and most of 2010 so far. However, by week's end, the greenback pr...
AUD/NZD Eyes 1.32Mar 19 19:33 GMT, by CMS Forex Daily and 4H: The previous post noted that the AUD/NZD decline was a 2nd leg of a correction and was nearing a full projection at 1.2860. This was to test a 200MA in 4H time-frame, and is the 78.6% Re...
Chart of The Day: USD/CHFMar 19 15:51 GMT, by FX Solutions Bullish price action on USD/CHF, a daily chart of which is shown, has made a tentative bullish bounce off the key 1.0500 support region. This occurs after around a week of bearishness in the pair. The...
USD/CAD Tests Support After Retracement PatternMar 19 14:48 GMT, by CMS Forex 1H: The 1H time-frame shows the dramatic decline in the near-term after the start of the US session. Note that the completed retracement rally was a zig zag with a 2-wave A structure and a 3-wave C st...
Usd/Chf Bullish BiasMar 19 13:45 GMT, by TheLFB-Forex.com Usd/Chf has made a turning point to the Long side over the last session as expected, after an extended black wave C) found the bottom around 1.5005. An uptrend is now expected to continue with a break...
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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 % |
|---|
| GBPUSD | 1.5014 | -1.54% |
| GBPJPY | 135.89 | -1.38% |
| GBPCHF | 1.5920 | -1.31% |
| GBPCAD | 1.5265 | -1.26% |
| GBPAUD | 1.6382 | -1.07% |
| EURGBP | 0.9014 | +1.00% |
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| USD |
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| EUR | |
| JPY | |
| GBP | |
| CHF | |
| CAD | |
| AUD | |
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| Action Bias & Pivot Points |
| Currency |
Last |
Bias |
S1 |
R1 |
| EURUSD |
1.3529 | Down | 1.3549 | 1.3703 |
| USDJPY |
90.54 | Neutral | 89.82 | 90.86 |
| GBPUSD |
1.5011 | Down | 1.5198 | 1.5310 |
| USDCHF |
1.0614 | Up | 1.0525 | 1.0639 |
| USDCAD |
1.0171 | Neutral | 1.0104 | 1.0158 |
| AUDUSD |
0.9153 | Down | 0.9176 | 0.9239 |
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