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Jul 25 08:07 GMT

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Daily Report: Yen Soft as CPI Slowed, German Ifo & UK GDP Watched
Jul 25 07:13 GMT, by ActionForex.com
Japan Yen remains soft against other major currencies after release of inflation data today. The national CPI core slowed to 3.3% yoy in June as expected, down from May's 3.4% yoy. After adjustment for the April tax hike, CPI ore slowed to 1.3% yoy, down from prior month's 1.4% yoy. That's the second month of slow down from April's 1.5% yoy. BoJ g...

Technical Outlook

EUR/AUD Daily Outlook
With 1.4358 resistance intact, deeper decline could still be seen. But still, the fall from 1.5831 is viewed as a corre... - Jul 25 08:00 GMT
EUR/GBP Daily Outlook
The breach of 0.7933 minor resistance is taken as the first sign of reversal on bullish convergence condition in 4 hour... - Jul 25 07:57 GMT
EUR/CHF Daily Outlook
Intraday bias in EUR/CHF remains neutral for the moment as consolidation from 1.2133 continues. With 1.2177 resistance ... - Jul 25 07:53 GMT
AUD/USD Daily Outlook
Intraday bias in AUD/USD remains neutral as the consolidation from 0.9504 continues. Deeper decline could be seen as th... - Jul 25 07:47 GMT

Special Reports

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...
BOE Minutes Toned Down Rate Hike Speculations
Jul 23 10:13 GMT
Despite rising growth momentum, BOE policymakers remained divided on whether wh...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.8970
Despite yesterday's retreat from 0.9038, outlook remains supportive for recent erratic rise from 0.8699 low to extend further gai... - Jul 25 07:44 GMT
Trade Idea: GBP/USD - Sell at 1.7040
As cable has remained under pressure after yesterday's selloff to 1.6966, adding credence to our view that top has been formed at... - Jul 25 07:35 GMT
Trade Idea: EUR/USD - Buy at 1.3415
Despite yesterday's rebound from 1.3438 to 1.3485, still reckon the upper Kumo (now at 1.3493) would limit upside and near term d... - Jul 25 07:27 GMT
Trade Idea: USD/JPY - Hold short entered at 101.70
Yesterday's rally has dampened our near term bearishness and indicated resistance at 101.86 needs to hold to retain prospect of a... - Jul 25 07:20 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
Although the single currency fell again this week, loss of near term dow... - Jul 24 10:33 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency remained confined within near term established range... - Jul 24 10:04 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi resumed recent upmove and rose to as high as 0.8836, the s... - Jul 23 07:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7905
Euro's rebound after falling to 0.7874 suggests a temporary low is possibly formed and consolidation with mild upside bias is s... - Jul 24 15:08 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has continued to trade narrowly and further consolidation within recent range would be seen, only a firm breach a... - Jul 24 15:02 GMT
Trade Idea: EUR/JPY - Buy at 136.70
Although the single currency fell briefly to 136.37, lack of follow through selling on break of yesterday's low of 136.41 and c... - Jul 24 09:25 GMT
Trade Idea: AUD/USD - Stand aside
Aussie's rebound after holding above indicated previous support at 0.9322 turned out to be stronger than expected, dampening ou... - Jul 24 09:11 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As euro has recovered after yesterday's brief fall to 0.7874, sugge... - Jul 24 11:19 GMT
USD/CAD Elliott Wave Analysis
Although the greenback rebounded earlier this month to 1.0794, the ... - Jul 24 11:14 GMT
AUD/USD Elliott Wave Analysis
Although aussie has rebounded again after holding above indicated p... - Jul 23 10:30 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 25 08:00 GMT

Action Bias

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

Fundamental Analysis Reports

AUDCAD Set To Fall
Jul 25 07:20 GMT, by Blackwell Global
The Australian Canadian dollar cross is not normally one you hear about, but markets are certainly looking a little hard to read over the course of the last 24 hours, and this opportunity is hard to ...
EUR/USD Fails To Profit From Strong EMU PMI's
Jul 25 07:17 GMT, by KBC Bank
Yesterday, the EMU PMI was reported well above market expectations, but the euro couldn't gain in a lasting way. The rise in core bond yields lifted USD/JPY off the recent lows. Today, the IFO survey...
Kiwi Plunged As RBNZ Signals Pause
Jul 25 07:09 GMT, by Dukascopy Swiss FX Group
With a surprise for some analysts the RBNZ raised the official cash rate further, however, signalled a pause in interest rate hikes in order to assess the impact of monetary policy to date. As a resu...
ECB Stimulus Already Working?
Jul 25 07:06 GMT, by Dukascopy Swiss FX Group
Both services and manufacturing sectors in the 18-nation bloc in July expanded, meaning confidence strengthened significantly. The main reason for a more solid performance is the ECB's action launche...
Jobless Claims At Lowest Since 2006
Jul 25 07:04 GMT, by Dukascopy Swiss FX Group
During the last testimony Janet Yellen pointed out that the world's largest economy still requires a support from its central bank. The recovery is on the way, with labour market showing signs of rec...
U.K. Retail Sales Disappoint In June, Q2 Growth Strong
Jul 25 07:02 GMT, by Dukascopy Swiss FX Group
Investors still bet on a rally on the Cable by the end of this week, as Friday's GDP report is likely to add more pressure on the Bank of England to start raising rates sooner-than-excepted.
All Daily Fundamental Reports >>

Technical Analysis Reports

USD/CHF To Preserve Momentum
Jul 25 07:40 GMT, by Dukascopy Swiss FX Group
USD/CHF seems to be already taking a break in view of the coming weekend, as it is making no progress after setting foot above the resistance at 0.90. This fact should result in the currency pair ris...
USD/JPY Re-Tests Monthly Pivot Point
Jul 25 07:39 GMT, by Dukascopy Swiss FX Group
Not without some difficulties, but USD/JPY managed to reach the resistance at 101.83/73. However, despite the monthly technical indicators giving ‘buy' signals, the pair may not advance further. The ...
EUR/USD Refuses To Go Down
Jul 25 07:37 GMT, by Dukascopy Swiss FX Group
For the time being the single European currency is reluctant to decline, even though it has just breached one of the key support lines, namely 1.35. Right now the pair is facing the monthly S1 at 1.3...
GBP/USD Fell To 55-Day SMA
Jul 25 07:36 GMT, by Dukascopy Swiss FX Group
Although a breach of the resistance on Jun 30 represented by the 2009 high was considered to be a bullish sign, in the end the Sterling proved to be unable to sustain a rally. Right now GBP/USD is te...
Daily FX Report
Jul 25 05:58 GMT, by Varengold Bank
The USD continues its upward trend and yesterday the Dollar Spot Index, which tracks the currency against 10 major counterparts climbed to its highest in a month. According to the Bloomberg Correlati...
DAX Hesitates At 9800
Jul 25 05:38 GMT, by ThinkForex
Price has stalled at the 9800-23 resistance zone and assuming no significant gaps today at market open, it may provide a swing trade short to finish the week off. Price barely broke above 10k before ...
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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