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Jul 28 14:22 GMT

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Mid-Day Report: Consolidative Trading Continues in Quiet Day, Busy Week ahead
Jul 28 14:03 GMT, by ActionForex.com
The financial markets remained steady in a quiet day today. European indices fluctuated between gain and loss so far. Meanwhile, US stocks also opened nearly flat, struggling below 17000 handle at the time of writing. 30 year yield is stuck in in tight range near to last week's low of 3.239 while 10 year yield is hovering around 2.480. The dollar ...

Technical Outlook

EUR/USD Mid-Day Outlook
EUR/USD lost some downside momentum today but intraday bias remains cautiously on the downside. Medium term trend could... - Jul 28 13:31 GMT
GBP/USD Mid-Day Outlook
Focus remains on 1.6952 support first. Decisive break there will argue that 1.7190 was already the medium term top and ... - Jul 28 13:29 GMT
USD/CHF Mid-Day Outlook
USD/CHF lost some upside momentum but at this point, intraday bias stays cautiously on the upside. The rise from 0.8702... - Jul 28 13:27 GMT
USD/JPY Mid-Day Outlook
USD/JPY lose some upside momentum today. But with with 101.60 minor support intact, further rise is in favor for 102.26... - Jul 28 13:23 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 Update: USD/CHF - Buy at 0.8980
Last week's rally together with the breach of previous resistance at 0.9037 add credence to our bullish view that recent erratic ... - Jul 28 13:16 GMT
Trade Idea Update: GBP/USD - Sell at 1.7050
As cable has recovered after Friday's marginal fall to 1.6961, suggesting minor consolidation would be seen and corrective bounce... - Jul 28 13:14 GMT
Trade Idea Update: EUR/USD - Buy at 1.3400
As the single currency has remained under pressure after dropping quite sharply on Friday, retaining our view that near term down... - Jul 28 13:09 GMT
Trade Idea Update: USD/JPY - Hold short entered at 101.70
As the greenback has maintained a firm undertone after breaking previous resistance at 101.86, suggesting caution on our near ter... - Jul 28 13:04 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency continued to head south in line with our bearish expec... - Jul 28 07:21 GMT
USD/JPY Candlesticks and Ichimoku Analysis
As the greenback has rebounded after holding above this month's low at 101... - Jul 28 06:46 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
The single currency only recovered to 138.45 before running into renewed s... - Jul 25 09:39 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 136.70
Although the single currency retreated after last week's rebound to 137.25, as long as last week's low at 136.37 holds, consolida... - Jul 28 08:56 GMT
Trade Idea: AUD/USD - Stand aside
Despite last week's stronger-than-expected rebound to 0.9472, the subsequent retreat has retained our consolidative view and test... - Jul 28 08:49 GMT
Trade Idea: EUR/GBP - Buy at 0.7855
Despite yesterday's breach of resistance at 0.7933, lack of follow through buying and current retreat suggest near term downside ... - Jul 25 15:04 GMT
Trade Idea: USD/CAD - Buy at 1.0740
The greenback has rebounded again after holding above support at 1.0709, suggesting another test of resistance at 1.0794 would be... - Jul 25 14:38 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Dollar's rebound after holding above support at 101.07 has retained o... - Jul 28 09:50 GMT
EUR/USD Elliott Wave Analysis
The single currency dropped again after meeting renewed selling inter... - Jul 28 09:42 GMT
EUR/JPY Elliott Wave Analysis
The single currency did meet renewed selling interest at 138.45 (we r... - Jul 25 10:25 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 28 14:15 GMT

Action Bias

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

Major Events To Watch In The Week Ahead
Jul 28 13:08 GMT, by Admiral Markets
Despite of last week's mixed economic releases from the US, ranging from easing inflation data, slow moving housing sector data (existing and new home sales data) and durable goods orders beating exp...
AUD/USD - Stable Ahead of US Housing Data
Jul 28 13:06 GMT, by MarketPulse
AUD/USD has posted slight gains on Monday, as the pair trades slightly above the 0.94 line late in the European session. Today's highlight is US Pending Home Sales, with the markets braced for a decl...
USD/JPY - Steady as Markets Eye Japanese Consumer Spending Data
Jul 28 13:05 GMT, by MarketPulse
USD/JPY is calm on Monday, as the pair continues to trade in the high-101 range late in the European session. Today's highlight is US Pending Home Sales, with the markets braced for a decline in the ...
This Week: Suit Up, Strap In, And Be Dollar Ready
Jul 28 11:20 GMT, by MarketPulse
Last week saw global markets fluctuate between corporate earning's and geopolitical conflicts. There was an excess of negative news out of Israel and eastern Ukraine, with each regions headline's cou...
Gold Kicks Off Week With A Whimper
Jul 28 11:07 GMT, by MarketPulse
In the US, a mostly positive week ended on a high note, as durable goods data exceeded expectations. Core Durable Goods Orders jumped 0.8%, beating the estimate of 0.6%, and rebounding nicely from a ...
European Market Update: Ukraine Situation Continues To Casts Shadow On Europe
Jul 28 11:05 GMT, by Trade The News
Number of central bank policy meetings out later in the week. ECB and BOE monetary policies were likely to diverge. Key data out of the US this week includes including Q2 Advance GDP figures and July...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBPUSD Bulls Standing on the Precipice
Jul 28 13:33 GMT, by Forex.com
It's been an excruciating slow start to the trading week with an absolutely barren economic calendar in both Asia and Europe today. Over the weekend, news hit the wires that the US and Europe are pre...
EUR/USD May Accelerate Losses in this Busy Week
Jul 28 13:11 GMT, by Forex.com
Like many other FX pairs the EUR/USD has been trading in a very tight range so far today. This is mainly due to the lack of any major European macroeconomic pointers and as investors await direction ...
Forex Technical Analysis
Jul 28 09:53 GMT, by DeltaStock Inc.
Last week's uptrend has been corrected with the minor pullback below 101.85 and now the upmove is renewed, for a break through 102.25, en route to 102.80. Key static support lies at 101.60.
Today's Market Outlook
Jul 28 09:27 GMT, by Windsor Brokers Ltd
The Euro remains negative and extends the third wave which commenced from 1.3699, 01 July lower top. The pair so far met its target at 1.3620, Fibonacci 138.2% expansion, above which near-term price ...
USDCHF Elliott Wave Analysis: Ending Diagonal Suggests For Bullish Move
Jul 28 09:24 GMT, by Elliott Wave Financial Service
USDCHF bounced sharply from the lows few months back, and it seems that this bullish legs will now continue as latest retracement from the highs has unfolded in a corrective manner. We would not be s...
IMM Positioning: EUR Shorts At Stretched Levels But Trend Intact
Jul 28 09:16 GMT, by Danske Bank
Speculators increased their short EUR positioning to the highest level since November 2012, in absolute terms. As of Tuesday 22 July, speculators were net short EUR 26.2% of open interest. Short EUR ...
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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