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Jul 30 09:02 GMT

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Daily Report: Dollar Firm ahead of ADP, GDP and then FOMC
Jul 30 04:00 GMT, by ActionForex.com
Dollar stays firm and maintains yesterday gain as markets are waiting for some important events today, including employment data, GDP and FOMC. The dollar index breached 81.20 overnight and is hovering around that level for the moment. So far this week, Kiwi and Loonie are the weakest currencies followed by yen. Meanwhile, performance of Euro isn'...

Technical Outlook

GBP/JPY Daily Outlook
GBP/JPY continues to stay in right range above 172.36 support and intraday bias remains neutral for the moment. On the ... - Jul 30 07:33 GMT
EUR/JPY Daily Outlook
EUR/JPY continues to stay in consolidation above 136.36 and intraday bias remains neutral. As long as 137.71 resistance... - Jul 30 07:31 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. Deeper decline could be seen but we'd maintain the view that f... - Jul 30 07:27 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment as consolidation from 0.7873 continues. Considering bullish con... - Jul 30 07:26 GMT

Special Reports

Weak Economic Data Unlikely Triggers BOJ To Intensify Stimulus
Jul 30 08:20 GMT
Japan's economic data released over the past 2 weeks underscored the downside r...
Upbeat Chinese PMI Reflects Feed-Through Of Stimulus, More In 2H14
Jul 25 02:42 GMT
Chinese economic growth has shown signs of gathering momentum again, thanks to ...
RBNZ Announced Last Rate Hike Before Pause To Assess Impacts
Jul 24 06:01 GMT
The RBNZ raised the OCR for a 4th consecutive time, by +25 bps to 3.5%, in July...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: EUR/USD - Buy at market level
Although the single currency has remained under pressure and marginal weakness from here cannot be ruled out, as recent decline... - Jul 30 07:51 GMT
Trade Idea : USD/CHF - Buy at 0.9010
Although the greenback has edged higher again and bullishness remains for the erratic rise from 0.8699 low to extend further ga... - Jul 30 07:44 GMT
Trade Idea: GBP/USD - Sell at 1.7000
As the British pound has remained under pressure after this week's selloff from 1.7001, adding credence to our view that the fa... - Jul 30 07:39 GMT
Trade Idea: USD/JPY - Stand aside
Although the greenback has edged higher again today and near term upside risk remains for test of previous resistance area at 1... - Jul 30 07:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
The Australian dollar found support at 94.40 and has rebounded last week... - Jul 30 07:22 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie rose briefly to 0.9472 late last week, the subsequent re... - Jul 30 07:19 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound met renewed selling interest just below the Tenkan-Sen (... - Jul 29 08:10 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Hold long entered at 136.70
As the single currency has remained confined within near term narrow range, retaining our view that further sideways trading wo... - Jul 30 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.9410
As the Australian dollar has remained under pressure after retreating from 0.9472, suggesting rebound from 0.9329 has ended and... - Jul 30 08:50 GMT
Trade Idea: EUR/GBP - Buy at 0.7855
Despite last week's brief breach of resistance at 0.7933, lack of follow through buying and the subsequent retreat from 0.7940 su... - Jul 29 15:21 GMT
Trade Idea: USD/CAD - Buy at 1.0770
The greenback has surged again today after breaking above previous resistance at 1.0794 earlier, adding credence to our view that... - Jul 29 15:17 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/CHF Elliott Wave Analysis
Although the British pound edged higher again to 1.5433 last week and... - Jul 29 08:54 GMT
GBP/USD Elliott Wave Analysis
Although the British pound has retreated after rising to 1.7192 earli... - Jul 29 08:38 GMT
USD/JPY Elliott Wave Analysis
Dollar's rebound after holding above support at 101.07 has retained o... - Jul 28 09:50 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 30 08:55 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↓ DN↓ DN↓ DN↓ DN
USDJPY↑ UP↑ UP↑ UP- NE
GBPUSD↓ DN↓ DN↓ DN- NE
USDCHF- NE↑ UP↑ UP↑ UP
USDCAD- NE↑ UP↑ UP- NE
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Forex Brokers

Fundamental Analysis Reports

Euro Under Pressure Ahead Of FOMC Statement
Jul 30 08:48 GMT, by Easy Forex
The euro (EUR) continues its bearish trend against the US dollar (USD). The pair crashed yesterday towards 1.3409, while reaching a new 8-month low. The single currency is under pressure as US ADP No...
Daily FX Analysis
Jul 30 08:23 GMT, by Investica
The dollar gained ground early into the US session as market looked to take out important technical levels with a focus on 1.3420 for against the dollar. Underlying yield spreads remained important f...
Yen At Three-Week Low On Data
Jul 30 07:53 GMT, by Dukascopy Swiss FX Group
The Japanese Yen is still one of the main losers over the last year, with Yen index falling 4.78% during the last 250 trading days. Nevertheless, the currency stabilized this year, as positive data d...
New Zealand Economy To Mature In 2015
Jul 30 07:52 GMT, by Dukascopy Swiss FX Group
The Kiwi slid further on Tuesday, extending its losses seen a week earlier, as the currency still remains vulnerable to the central bank's comments. Last week the currency lost 1.5% against the Buck ...
Muted Focus On EU Confidence Ahead Of US GDP, FOMC
Jul 30 07:45 GMT, by ICN.com
Volatility will be the theme for the EU Session today, confidence data from the Euro Zone will set the floor for tier-one fundamentals from the US session with the second quarter GDP due for release ...
The US In Focus: ADP, GDP And The FOMC
Jul 30 07:20 GMT, by Swissquote Bank SA
The international flows continue favoring the US dollars as EU and US officials prepare to impose further package of sanctions against Russia. Although the USD is better bid across the board, the US ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Jul 30 08:22 GMT, by Windsor Brokers Ltd
The Euro cracked psychological 1.34 support after full reversal of 1.3475/1.3992 bull-leg and break below main bull-trendline, drawn off 1.2042, July 2012 low, commenced fresh phase lower, as an exte...
Cable Under 1.695 Ahead Of U.S. GDP And Fed
Jul 30 08:04 GMT, by ZIFX.com
On Tuesday Pound/Dollar decreased with 60 pips. The Cable depreciated from 1.6995 to 1.6932 yesterday, in line with the negative money flow sentiment at almost -18%, closing the day at 1.6941. Today ...
EUR/USD Steps Lower
Jul 30 08:02 GMT, by Dukascopy Swiss FX Group
As expected, the Euro carried on losing its positions, though it did not break any significant levels yesterday. Right now the currency is facing the support created by the monthly S3 and weekly S1. ...
GBP/USD Tests Long-Term Up-Trend
Jul 30 08:00 GMT, by Dukascopy Swiss FX Group
The U.S. Dollar is strengthening, and there are less and less chances that GBP/USD will realise the bullish potential implied by the weekly and monthly technical studies. The monthly pivot point and ...
USD/CHF Advances Towards 2014 High
Jul 30 07:59 GMT, by Dukascopy Swiss FX Group
Monday looked like a start of a bearish correction, but in the end USD/CHF did not even have to retreat to the weekly PP to regain its upward momentum. The pair is probing the weekly R1 at the moment...
USD/JPY Cannot Be Stopped
Jul 30 07:58 GMT, by Dukascopy Swiss FX Group
Although at some point everything appeared to be over for the bulls, USD/JPY proved to be able to rally by breaking the 100-day SMA and seven-month down-trend. There are still the monthly R1 and 200-...
All Daily Technical Reports >>

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Long Term Forecasts

Growth in China Appears to Be Stabilizing
Jul 19 08:05 GMT, by Wells Fargo Securities
The year-over-year rate of real GDP growth in China edged up to 7.5 percent in Q2 from 7.4 percent ...
FX Forecast Update: Negative Rates and Liquidity Tools to Weaken the Euro
Jun 14 03:24 GMT, by Danske Bank
The ECB delivered more easing than expected at its rate meeting in June by cutting both the refi an...
AUD/USD - 2013 In Review
Jan 02 02:25 GMT, by MarketPulse
The Australian dollar is known for its strong volatility, and taking traders on roller coaster ride...
USD/CAD - 2013 In Review
Jan 02 02:23 GMT, by MarketPulse
The Canadian dollar looked sharp as we began 2013, but struggled badly late in the year, as the cur...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by MarketPulse
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
All Long Term Forecasts >>
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