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Aug 05 02:20 GMT

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US Session: Orders and Options Watch
Aug 04 13:48 GMT, by ActionForex.com
EUR: Euro recovered from intra-day low of 1.0932, however, offers are still noted at 1.0980, 1.1000 and 1.1020, sell orders are reported at 1.1050, 1.1065 and 1.1080-85, selling interest is tipped at 1.1100, 1.1120 and, sellers are awaiting at 1.1185 and 1.1200 (stops above). On the downside, bids are seen at 1.0950, 1.0925-30 and 1.0900, buy orde...

Technical Outlook

EUR/USD Mid-Day Outlook
EUR/USD is still staying in range of 1.0807/1128 and intraday bias remains neutral. As noted before, the corrective str... - Aug 04 13:10 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for consolidation below 61.8% retracement of 1.0127 to 0.9072 at 0.9724. Anoth... - Aug 04 13:07 GMT
USD/JPY Mid-Day Outlook
With 123.00 support intact, further rise is still in favor in USD/JPY. Sustained trading above 124.43/47 resistance zon... - Aug 04 13:04 GMT
GBP/USD Mid-Day Outlook
GBP/USD continues to stay in range of 1.5465/5689 and intraday bias remains neutral. Outlook is unchanged that another ... - Aug 04 12:49 GMT

Special Reports

RBA Suggests Australian Dollar Adjusting To Commodity Selloff
Aug 04 09:18 GMT
The RBA let the cash rate unchanged at 2% for a third consecutive month. Whist ...
FOMC Adjusted Economic Assessment, September Rate Hike Remains Open
Jul 30 06:08 GMT
In its July statement, the FOMC made some changes on its assessment of the curr...
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
Jul 29 06:56 GMT
Chinese State Council released a statement titled 'Key steps to promote foreign...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9670
As the greenback has risen again after brief retreat to 0.9668 and broke above previous resistance at 0.9719, adding credence to ... - Aug 04 15:56 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day brief fall to 1.5561, lack of follow through selling on break of yesterday's low at 1.5565 and current rebound ... - Aug 04 15:49 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1050
As the single currency has recovered after intra-day brief fall to 1.0932, suggesting consolidation above this level would be see... - Aug 04 15:46 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
The greenback has remained confined in narrow range after finding indicated support at 123.80, retaining our view that further co... - Aug 04 15:43 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Despite last week's rise to 1.5690, lack of follow through buying and the ... - Aug 04 07:30 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback retreated after rising to 0.9719 last week, as doll... - Aug 04 07:21 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Despite staging a strong rebound to 1.1130 earlier last week, the single c... - Aug 03 08:15 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency retreated after meeting resistance at 0.7098 on Friday, retaining our view that further choppy trading would ... - Aug 04 14:25 GMT
Trade Idea: USD/CAD - Stand aside
Although the greenback has maintained a firm undertone after current anticipated resumption of upmove and gain to 1.3200 cannot b... - Aug 04 14:23 GMT
Trade Idea: EUR/JPY - Stand aside
As the single currency has recovered after holding above indicated support at 135.54, retaining our view that further consolidati... - Aug 04 09:09 GMT
Trade Idea: AUD/USD - Buy at 0.7340
As aussie found renewed buying interest at 0.7260 yesterday and has staged a strong rebound above resistance at 0.7367, reviving ... - Aug 04 09:05 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Last week's marginal rise to 1.5690 suggests near term upside risk re... - Aug 04 09:30 GMT
GBP/JPY Elliott Wave Analysis
Although sterling found good support at 185.00 and has staged a stron... - Aug 04 09:24 GMT
EUR/USD Elliott Wave Analysis
Although the single currency retreated initially last week to 1.0893,... - Aug 03 09:51 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 05 02:15 GMT

Action Bias

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

Fundamental Analysis Reports

Fed's Lockhart Gives A Tell + RBA Breaks It's Jaw-Boning
Aug 05 01:42 GMT, by Vantage FX
A hump day interview with the Federal Reserve Bank of Atlanta President Dennis Lockhart gave USDX bulls something to cheer about, indicating that the US economy is ready for its first increase in int...
AUD Rallies, Russian CPI
Aug 04 09:57 GMT, by Swissquote Bank SA
As expected the RBA August Board meeting retained the cash rate at a record low of 2.00%. The central bank continue to see the current accommodative policy as 'appropriate.' The policy outlook was ge...
European Market Update: Spain Unemployment Continues To Improve
Aug 04 09:53 GMT, by Trade The News
GBP/USD slipped below the 1.56 level in quiet trade following the miss in its July PMI Construction data. Dealer to focus on BoE's 'super-Thursday', which will see the simultaneous release of the pol...
Gold Rises As Oil Advances, Dollar Retreats
Aug 04 09:46 GMT, by ICN.com
Precious-Gold traded higher on Tuesday, buoyed by the rebound in oil prices and retreat in the U.S. dollar. The yellow metal hit a low of $1092.12 an ounce, while it currently trading at $1090.90, af...
UK PMI Construction Retreats In July
Aug 04 09:40 GMT, by ICN.com
U.K. PMI construction retreated to 57.1 in July from 58.1 in June, lower than analysts’ forecasts of 58.6. The manufacturing sector showed a widening expansion to 51.9 in July from 51.4, where the se...
AUD Surges As RBA Holds Rates
Aug 04 08:59 GMT, by Swissquote Bank SA
FX markets were stable in Asia trading, with the exception of AUD. As was universally expected the RBA held OCR at 2.0% and continue to see the current accommodative policy as appropriate. Yet, the a...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUD/USD – Surges But Resistance At 0.74 Kicks In
Aug 05 01:59 GMT, by MarketPulse
The Australian dollar has enjoyed a surge higher in the last 24 hours moving from its consolidation zone just below 0.73 up to a two week high above the previous key level at 0.74. The 0.74 level has...
Australia 200 – Resistance Around 5650 Stands Tall
Aug 05 01:58 GMT, by MarketPulse
Throughout last week the ASX200 index enjoyed a solid rally back up to the resistance area around 5650 and 5700 after bouncing off support at 5500, however it has rolled over in the last couple of da...
USDJPY – Vulnerable Below The 124.47/57 Zone
Aug 05 01:53 GMT, by FXTechstrategy
USDJPY – With the pair continuing to maintain below its key resistance at 124.57 level, a move lower should occur. Support resides at the 123.50 level with a turn below here aiming at the 123.00 leve...
NZDUSD Takes Another Dive
Aug 05 01:51 GMT, by Forex.com
The NZ dollar has been hit by a powerful one-two combination that may have crippled it in the near-term. Overnight, Fonterra released the results from its latest GlobalDairyTrade auction, with prices...
EURUSD: Grexit Fears Still Lurking Just Beyond The Horizon
Aug 05 01:50 GMT, by Forex.com
While much of Europe's economy is chugging along at the same slow but steady pace, traders were abruptly reminded of Greece's economic tragedy yesterday. Most of yesterday's Manufacturing PMI figures...
AUDUSD: Awesome Aussie Awakens
Aug 04 12:19 GMT, by Forex.com
As my colleagues Chris Tedder and Fawad Razaqzada noted earlier today, the Australian dollar has surged across the board as the Reserve Bank of Australia took a definitive shift to a more neutral out...
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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