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Jul 29 06:51 GMT

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Daily Report: Financial Markets Stabilized as Focus Turns to FOMC
Jul 29 05:09 GMT, by ActionForex.com
The financial markets stabilized as focus now turns to FOMC announcement today. DJIA rebounded overnight and closed 189.68 pts, or 1.09% higher at 17630.27, back above 55 weeks EMA. S&P 500 also closed up 25.6 pts, or 1.24% at 2093.25. Meanwhile, gold continues to stay in tight range below 1100. Crude oil also recovers mildly and is back press...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolida... - Jul 29 05:47 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. With 133.09 support intact, the rebound from 126.09 is still m... - Jul 29 05:45 GMT
EUR/GBP Daily Outlook
EUR/GBP is still limited below 0.7223 resistance and intraday bias stays neutral. Deeper decline is still expected as l... - Jul 29 05:42 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. Further rise is still expected as long as 1.4643 support holds... - Jul 29 05:40 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 - Stand aside
The greenback surged above last week's high at 0.9649, adding credence to our view that recent erratic rise from 0.9072 low is st... - Jul 28 15:38 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day brief retreat to 1.5528, as the British pound found renewed buying interest there and has staged a strong rebou... - Jul 28 15:29 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1000
Euro's retreat after rising to 1.1130 yesterday suggests consolidation below this level would be seen and minor correction to pre... - Jul 28 15:26 GMT
Trade Idea Wrap-up: USD/JPY - Hold short entered at 123.55
Although the greenback rebounded after falling to 123.01 yesterday, as long as resistance at 123.84 holds, prospect of a retreat ... - Jul 28 15:22 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound retreated after rising to 1.5667 earlier, as re... - Jul 28 09:12 GMT
USD/CHF Candlesticks and Ichimoku Analysis
As the greenback has maintained a firm undertone, retaining our bullishnes... - Jul 28 08:50 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold short entered at 0.7130
As the single currency has retreated after rising to 0.7161 yesterday, suggesting consolidation below this level would be seen an... - Jul 28 14:10 GMT
Trade Idea: USD/CAD - Buy at 1.2900
As the greenback has retreated after rising to 1.3103 late last week and consolidation below this level would be seen for minor c... - Jul 28 14:04 GMT
Trade Idea: EUR/JPY - Buy at 136.25
As the single currency has maintained a firm undertone after staging a strong rebound from 134.33, suggesting near term bullishne... - Jul 28 09:47 GMT
Trade Idea: AUD/USD - Buy at 0.7285
As aussie has rebounded after intra-day marginal fall to 0.7257, suggesting consolidation above this level would be seen and reco... - Jul 28 09:40 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Cable's rebound after finding support at 1.5330 suggests near term up... - Jul 28 10:09 GMT
GBP/CHF Elliott Wave Analysis
The British pound found renewed buying interest at 1.4467 (just misse... - Jul 28 10:05 GMT
EUR/USD Elliott Wave Analysis
Although the single currency fell briefly below previous support at 1... - Jul 27 09:13 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 29 06:45 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE↑ UP- NE- NE
USDJPY- NE- NE- NE- NE
GBPUSD- NE↑ UP↑ UP- NE
USDCHF- NE- NE↑ UP- NE
USDCAD- NE↓ DN- NE↑ UP
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Fundamental Analysis Reports

US Consumer Confidence Drops To One-Year Low
Jul 29 06:47 GMT, by Dukascopy Swiss FX Group
US consumers mood darkened in July, as households were worried about current and future job growth, and rattled by events in China and Greece. The Conference Board reported that its index of consumer...
UK Economy Grows 0.7% In Q2, Supported By Services Sector
Jul 29 06:44 GMT, by Dukascopy Swiss FX Group
British economic growth accelerated in the second quarter, fuelling speculation about the first rate hike in interest rates since the financial crisis. The UK economy grew by 0.7% in the April-June p...
Canada's Industrial Product Prices Rise In June
Jul 29 06:43 GMT, by Dukascopy Swiss FX Group
Canada's industrial product prices climbed amid recovering energy and petroleum products in June, while the raw materials index remained flat. The monthly decline in the Canadian Dollar against its U...
The Darkening Mood Of US Consumers
Jul 29 06:19 GMT, by Blackwell Global
Black clouds are forming over the U.S economy as consumer confidence suffers its biggest blow in over four years. The release of the latest CB Consumer Confidence figures underscore the fragility of ...
Is An Equity Bubble The Real Reason For A Fed Rate Rise?
Jul 29 06:17 GMT, by Blackwell Global
The Federal Open Markets Committee (FOMC) is due to meet later on today for a two day meeting on the state of the economy and to set monetary policy. They are widely expected to raise interest rates ...
Fed Statement Key As First Rate Hike Approaches
Jul 29 06:01 GMT, by MarketPulse
European futures are pointing to a higher open on Wednesday ahead of the FOMC decision and statement this evening, which could offer clues on the timing of the first rate hike in more than nine years...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDNZD Sits At Key Support (For Now)
Jul 29 06:03 GMT, by ThinkForex
Momentum is clearly bearish near-term but we do sit at a crucial level of support which will decide the next wave of moves. The break below 1.1024 may have confirmed a Double Top which, if successful...
Daily FX Report
Jul 29 05:51 GMT, by Varengold Bank
The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the dollar`s on expectations that the Federal Reserve could take a ...
FOMC Statement Today At 6pm GMT Could Cause Ripples In Major Markets – Remain Vigilant!
Jul 29 05:47 GMT, by IC Markets
Following the rebound from the 4hr Quasimodo resistance level at 1.1123, price broke below and retested the 1.1100 region before selling off yesterday. It was only once we saw price connect with a 4h...
EURUSD And GBPUSD Rally At Fibonacci Support Levels
Jul 29 03:58 GMT, by Admiral Markets
The EUR/USD has bounced at the support trend line (green) which was probably a correction (wave B) of the bullish momentum on Monday (wave A).
Daily Technical Analysis
Jul 29 03:35 GMT, by FX Instructor
The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.1130 area. Immediate support is seen around 1.1020. A clear break below that are...
Market Morning Briefing
Jul 29 03:34 GMT, by Kshitij Consultancy Services
Euro (1.1081) is trading above just above 1.10 but dos not look strong enough to break the 1.11-1.12 resistance on the upside. While this holds we may expect some sideways movements within the 1.11-1...
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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