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Jul 28 01:26 GMT

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US Session: Orders and Options Watch
Jul 27 14:13 GMT, by ActionForex.com
EUR: The single currency maintained a firm undertone after intra-day rally to 1.1114, however, offers are still noted at 1.1120 and 1.1160, more selling interest is tipped at 1.1185 and 1.1200. On the downside bids are seen at 1.1040-50, 1.1020 and 1.1000, more buy orders are expected at 1.0980, 1.0965 and 1.0940, buying interest is located at 1.0...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for the moment. As noted before, the corrective structure of current decline a... - Jul 27 13:36 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. Another rise is mildly in favor 1.5450 minor support holds. Ab... - Jul 27 13:34 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for consolidation below 0.9648 temporary top. As long as 0.9401 support holds,... - Jul 27 13:33 GMT
USD/JPY Mid-Day Outlook
At this point, USD/JPY is still holding above 122.91 minor support and intraday bias stays neutral first. Break of 122.... - Jul 27 13:28 GMT

Special Reports

Watch For Forward Guidance In July FOMC Statement
Jul 27 17:26 GMT
The upcoming FOMC meeting in July would be in focus, as the market watches clos...
China PMI Fell To Lowest Level In 15 Months
Jul 24 07:38 GMT
After HSBC terminated its PMI survey for China*, the newly renamed Caixin-Marki...
RBNZ Cut OCR To 3%, Suggesting More Easing To Come
Jul 23 05:04 GMT
The RBNZ adopted rate cut for a second consecutive month in July, taking the OC...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9600
Although the greenback fell to 0.9531 earlier today, as dollar has rebounded after holding above previous support at 0.9526, sugg... - Jul 27 16:05 GMT
Trade Idea Wrap-up: GBP/USD - Hold short entered at 1.5580
As the British pound has rebounded after finding support at 1.5467 on Friday, suggesting near term upside risk remains and margin... - Jul 27 16:00 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1020
Euro's intra-day rally after breaking resistance at 1.1018 signals the rise from last week's low of 1.0809 is still in progress a... - Jul 27 15:45 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 123.55
As the greenback has remained under pressure after breaking previous support at 123.57-60 (now resistance), retaining our bearish... - Jul 27 15:37 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Despite falling to 1.0809 last week, lack of follow through selling on bre... - Jul 27 08:14 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback rose again after brief retreat to 122.92, as price ... - Jul 27 07:57 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound finally found support at 1.5330 last week and has reboun... - Jul 14 09:10 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Target met and buy at 0.7070
The single currency did resume recent decline in line with our bearish expectations, our short position entered at 0.7130 met tar... - Jul 27 14:57 GMT
Trade Idea: USD/CAD - Buy at 1.2900
As the greenback rallied after brief pullback, suggesting recent wave iii is still in progress and bullishness remains for furthe... - Jul 27 14:45 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency has jumped again after staging a rebound from last week's low of 134.33 and near term upside risk re... - Jul 27 09:31 GMT
Trade Idea: AUD/USD - Sell at 0.7555
As aussie has remained under pressure after meeting renewed selling interest at 0.7449 last week, bearishness remains for recent ... - Jul 27 09:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency fell briefly below previous support at 1... - Jul 27 09:13 GMT
USD/JPY Elliott Wave Analysis
As the greenback staged a strong rebound after finding renewed buying... - Jul 27 09:04 GMT
GBP/USD Elliott Wave Analysis
The British pound finally found good support at 1.5330 last week and ... - Jul 14 10:52 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 28 01:20 GMT

Action Bias

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

Fundamental Analysis Reports

US New Orders for Durable Goods Rebound in June
Jul 27 14:05 GMT, by RBC Financial Group
New orders for manufactured durable goods jumped by 3.4% in June 2015 to retrace a 2.1% drop (was -2.2%) in May. Much of the volatility during the two months reflected outsized swings in the notoriou...
Euro Area Bank Lending Signals Stronger Recovery
Jul 27 10:52 GMT, by Danske Bank
Euro area bank lending and money supply continue to improve as the ECB's monetary policy easing has resulted in cheaper and more accessible bank lending. This is supporting activity in the euro area ...
Greece's Creditors To Begin Bailout Talks On Tuesday
Jul 27 10:40 GMT, by ICN.com
Greece's international creditors will arrive in Athens on Tuesday after the delay of talks, which was supposed to begin on Friday, due to technical issues. The negotiations were postponed for a coupl...
German Business Confidence Rises More Than Forecasts In July
Jul 27 10:39 GMT, by ICN.com
German business confidence, based on a survey of 7,000 executives, rose more than estimates in July on ebbing concerns from Greece after it reached an agreement with its creditors. The business clima...
Sell-Off In Asia Stocks Accelerate
Jul 27 10:32 GMT, by Swissquote Bank SA
The sell-off in equity markets accelerated in the Asian session, increasing the potential for systemic risk. China’s Shanghai composite is now down -8.48%, dragging the rest of global stock markets w...
European Market Update: Germany July IFO Registers Its First Improvement In Three Months, Shanghai Composite Slumps 8.5% Over Rising Concerns About China's Growth Outlook
Jul 27 10:27 GMT, by Trade The News
The USD began the week on soft footing ahead of the mid-week Fed decision. US front-end yields declined. Dealers suggested that price action hinting weakness might reflect pre-positioning of the Fed ...
All Daily Fundamental Reports >>

Technical Analysis Reports

IMM Positioning - Speculators Increase USD Positioning Further
Jul 27 11:07 GMT, by Danske Bank
IMM positioning data released on Friday shows that speculators increased bullish USD positioning further. From a historical perspective, the change was not particularly significant although it has co...
Forex Technical Analysis
Jul 27 10:23 GMT, by DeltaStock Inc.
EUR/USD The outlook remains positive after the recent pullback to 1.0925, for a rise towards 1.1085, en route to 1.1215. Crucial on the downside is 1.0925.
AUDUSD Seems Impulsive Bearish
Jul 27 08:29 GMT, by Elliott Wave Financial Service
AUDUSD is at new lows which has been expected recently as rally from April to May highs has a clear corrective personality as mentioned at the time. We labeled it as wave (4), so current leg down fro...
Today's Market Outlook
Jul 27 08:27 GMT, by Windsor Brokers Ltd
Fresh strength probes again above pivotal 1.0992/1.1001 resistances, daily cloud base/falling daily 20SMA, after past two days trading was capped here. Daily indicators are turning up, however, setup...
EUR/USD Attacks 100-Day SMA
Jul 27 08:10 GMT, by Dukascopy Swiss FX Group
The bulls are currently eroding the 100-day SMA, and if they succeed, the next target will be a cluster of resistances around 1.1150. There the monthly pivot point joins forces with the weekly R2 lev...
GBP/USD To Fall Under 1.55, Risks Dropping To Two-Week Low
Jul 27 08:09 GMT, by Dukascopy Swiss FX Group
Even though the GBP/USD currency pair reached the immediate support on Friday, trade still managed to close above the 1.55 major level. The 20 and 55-day SMAs keep providing substantial resistance ar...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
When Will the Bank of England Hike Rates?
Aug 16 08:33 GMT, by Wells Fargo Securities
In the first report of a two-part series on the outlook for Bank of England (BoE) monetary policy, ...
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...
All Long Term Forecasts >>
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