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| Action Insight | Candlesticks Trades | Markets Summary | Action Bias | Top Movers | Daily Technicals |
| Calendar | Elliott Wave Trades | Markets Volatility | Pivot Points | Heat Map | Daily Fundamentals |
| Action Insight Market Overview | Markets Snapshot |
Daily Report: Dollar Recovered Mildly ahead of Bernanke's Speech, Busy CalendarDollar had a mild recovery overnight as stocks pulled back amid concerns that malpractice in handling foreclosures would cost US banks dearly and hurt earnings. The US will investigate whether banks and loan servicing companies used false documents and signatures to justify foreclosures. Traders are also cautious ahead of Bernanke's speech today and markets will look for clues on timing and scale of Fed's additional easing program. Nevertheless, strength in dollar is relatively brief so far and we're seeing the greenback back under some pressure in early European session. |
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| Featured Technical Report | |
USD/JPY Daily OutlookDaily Pivots: (S1) 81.65; (P) 81.82; (R1) 81.98; More. With4 hours MACD crossed above signal line again, a temporary low is in place at 80.88 and intraday bias in USD/JPY is turned neutral. But still, break of 82.33 resistance is needed to signal short term bottoming. Otherwise, outlook remains bearish and current decline is still expected to continue. Below 80.88 will target 61.8% projection of 92.87 to 82.86 from 85.92 at 79.73, which is close to 79.75 low. |
| Special Report |
Record FX Reserve And Elevated Trade Surplus In China Evidence Global ImbalancesThe new set of trade and money data from China gave more evidence on global economic imbalance and heightened worries about a currency war. While the Chinese government will continue to increase the flexibility of the RMB, it will allow the currency to appreciate gradually, instead of an abrupt leap. Meanwhile, the government will step up measures, such as reduction in tariffs and quotas, to encourage imports so as to narrow trade surplus. |
| CitiFX Pro Survey Results |
The rapidly expanding foreign exchange (forex) markets have attracted a new, sophisticated breed of individual trader focused almost entirely on forex, according to the first phase results of the CitiFX Pro Forex Trader Survey 2010. This first-ever industry wide survey of forex traders was sponsored by CitiFX Pro and conducted in partnership with major forex media outlets including FXstreet.com, ActionForex, ForexPros and ForexTV. Detailed survey results can be found here. |
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