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Jul 24 08:25 GMT

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Daily Report: Kiwi Tumbles as RBNZ Signals Pause and Warns of Sharp Fall
Jul 24 03:44 GMT, by ActionForex.com
New Zealand dollar drops sharply today after RBNZ hike OCR by 25bps to 3.50% as expected but signaled a pause. Governor Wheeler noted in the statement that it is prudent that there now be a period of assessment before interest rates adjust further towards a more-neutral level. The comments regarding exchange rate were also seen a bit strong as W...

Technical Outlook

AUD/USD Daily Outlook
AUD/USD's recover continues today but after all, it's still suck in range below 0.9504 and intraday bias remains neutra... - Jul 24 06:45 GMT
USD/CAD Daily Outlook
With 1.0693 minor support intact, further rise is still expected in USD/CAD. Considering that the pair has drawn strong... - Jul 24 06:43 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Sustained trading below 1.3476 key support will carry ... - Jul 24 04:24 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside and the correction from 1.7190 should extend lower for 55 days EMA (no... - Jul 24 04:22 GMT

Special Reports

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...
RBNZ To Tighten Again In July, Might Pause Afterwards
Jul 22 04:14 GMT
Despite recent weak economic data, the RBNZ is expected to raise the OCR by ano...
All Special Reports >>

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.8970
Although the greenback moved higher again today and near term upside risk remains for one more rise to 0.9045-50, loss of upwar... - Jul 24 07:45 GMT
Trade Idea: GBP/USD - Sell at 1.7140
Despite intra-day brief fall to 1.7022, lack of follow through selling on break of yesterday's low at 1.7024 suggests consoli... - Jul 24 07:40 GMT
Trade Idea: EUR/USD - Buy at 1.3415
Although the single currency has fallen again today and near term downside risk remains for the decline from 1.3993 top to exte... - Jul 24 07:27 GMT
Trade Idea: USD/JPY - Sell at 101.70
As the greenback found good support at 101.20 earlier this week and has recovered, suggesting near term upside risk remains for... - Jul 24 07:20 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
AUD/USD Candlesticks and Ichimoku Analysis
Aussie's met renewed selling interest at 0.9457 and has retreated again,... - Jul 23 07:27 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did find renewed buying interest at 1.7060 last... - Jul 22 06:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7815
Although the single currency has fallen again today and near term downside risk remains for recent decline in wave v of iii to ... - Jul 23 15:08 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has remained confined within recent range and the retreat from 1.0794 suggests further consolidation below this l... - Jul 23 15:04 GMT
Trade Idea: EUR/JPY - Sell at 137.35
As the single currency has fallen again after meeting renewed selling interest at 137.34 yesterday, adding credence to our bear... - Jul 23 09:29 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9400
As the Australian dollar has rebounded again today after the release of higher-than-expected CPI data, dampening our bearishnes... - Jul 23 09:22 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie has rebounded again after holding above indicated p... - Jul 23 10:30 GMT
EUR/CAD Elliott Wave Analysis
  The single currency met renewed selling interest at 1.4653 last we... - Jul 23 09:59 GMT
GBP/USD Elliott Wave Analysis
As the British pound has retreated after last week's marginal rise to... - Jul 22 08:44 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 24 08:20 GMT

Action Bias

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EURUSD- NE↓ DN↓ DN- NE
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Fundamental Analysis Reports

Is Europe Ready For Russian Sanctions?
Jul 24 08:02 GMT, by Dukascopy Swiss FX Group
The Russian economy is on the brink of recession even before the U.S. announced fresh sanctions. After 15 years of solid growth mostly driven by higher commodity prices Russia's economy is now facing...
Is It Time For Another Inflection Point?
Jul 24 08:00 GMT, by Dukascopy Swiss FX Group
Two times per year central bank's chairman or chairwoman gives Fed's assessments of the economic state to Congress and it is a perfect time to find out what the Fed thinks about the world's largest e...
BoE Confusing Everyone, Including Itself
Jul 24 07:59 GMT, by Dukascopy Swiss FX Group
The Cable is trading comfortably above 1.70-mark, while the Sterling together with the Aussie and Kiwi were the top three performers among nine major currencies over the last 130 trading days. This w...
End Of Deflation In Sight, But Exports Still Sluggish
Jul 24 07:58 GMT, by Dukascopy Swiss FX Group
Haruhiko Kuroda's path in beating deflation is moving to its end. At least his Deputy, Hiroshi Nakaso thinks so, saying the world's third largest economy was eyeing an end to decade-long period of de...
Inflation Picks Up, But Will RBA React?
Jul 24 07:57 GMT, by Dukascopy Swiss FX Group
Earlier we have claimed that inflation report will have a muted impact on the RBA's assessment of the domestic economy. A core measure of inflation accelerated more than initially was expected, sendi...
Eurozone PMIs Data, UK Retail Sales Report On Market Watch
Jul 24 07:27 GMT, by ICN.com
Eurozoe PMIThe economic clock is expected tick louder on Thursday, with the Eurozone manufacturing and services Purchasing Managers' Indexes data due to be released. The euro-area PMIs are forecasted...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD Set To Decline
Jul 24 07:44 GMT, by Dukascopy Swiss FX Group
The sell-off might not have been as strong as expected after a breach of the support at 1.35, but the risks are still considered to be heavily skewed to the downside. And even though a half of the mo...
GBP/USD Erodes 1.7042/19
Jul 24 07:43 GMT, by Dukascopy Swiss FX Group
Apparently, GBP/USD is not willing to use the opportunity to rebound from the 2009 high. If the price falls beneath 1.7042/19, the dip will most likely extend down to 1.6973/50 (monthly PP and 55-day...
USD/JPY About To Hit 101.83/73
Jul 24 07:42 GMT, by Dukascopy Swiss FX Group
Slowly but surely the U.S. Dollar is outperforming the Yen, as it has received a bullish impetus after a test of 101. However, taking into account the number and toughness of resistances that USD/JPY...
USD/CHF Looks Towards 2014 High
Jul 24 07:40 GMT, by Dukascopy Swiss FX Group
Since USD/CHF closed above 0.90, it is already unlikely that the price is going to re-test the 2014 lows at 0.87. There are also other bullish signs, such as the 55-day SMA being above the 200-period...
Cable Slides On BoE, Retail Sales Ahead
Jul 24 07:34 GMT, by ZIFX.com
On Wednesday Pound/Dollar decreased with 40 pips. The Cable depreciated from 1.7099 to 1.7023 yesterday, in line with the negative money flow sentiment at under -17%, closing the day at 1.7036. Today...
The Daily Wave Analysis
Jul 24 06:14 GMT, by Admiral Markets
The break of the 1.35 support level is the first time price has moved outside of the 1.35-1.37 zone since the end of May. The 1.3450 level is an important Fibonacci level.
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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