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Jul 31 21:35 GMT

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US Session: Orders and Options Watch
Jul 31 14:18 GMT, by ActionForex.com
EUR: The single currency traded narrowly after falling to 1.3367 yesterday, offers are still noted at 1.3400 and from 1.3420 up to 1.3450 (stops above), more sell orders are located at 1.3470-80, followed by mixture of offers and stops at 1.3490-00, selling interest is tipped further out at 1.3520-30. On the downside, bids remain at 1.3370, follow...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside with 1.3415 minor resistance intact. The fall from 1.3993 is expected ... - Jul 31 12:56 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the upside for the moment. Current rally from 0.8698 is still in progress and shoul... - Jul 31 12:52 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the upside for the moment. Further rally could be seen through 100% projection of 1... - Jul 31 12:50 GMT
GBP/USD Mid-Day Outlook
GBP/USD's fall extends to as low as 1.6860 in early US session and the decline from 1.7190 continues. Intraday bias rem... - Jul 31 12:48 GMT

Special Reports

FOMC Focused On Slack In Job Market Despite Resilient 2Q14 Growth
Jul 31 04:05 GMT
As expected, the FOMC tapered by another US$ 10B in July with few changes in th...
Weak Economic Data Unlikely Triggers BOJ To Intensify Stimulus
Jul 30 08:20 GMT
Japan's economic data released over the past 2 weeks underscored the downside r...
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 ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9035
As the greenback has retreated again after faltering below yesterday's high of 0.9107, retaining our view that minor consolidat... - Jul 31 15:40 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6950
As the British pound dropped again after meeting renewed selling interest at 1.6928 earlier today, adding credence to our beari... - Jul 31 15:36 GMT
Trade Idea Wrap-up: EUR/USD - Hold long entered at 1.3402
The single currency has remained confined in narrow range after falling to 1.3367 yesterday and further consolidation is in sto... - Jul 31 15:29 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 102.35
As dollar has retreated after faltering below yesterday's high of 103.09, retaining our view that minor consolidation would be ... - Jul 31 15:26 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under pressure, suggesting recent de... - Jul 31 07:22 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency finally rebounded after holding above support at 1.2... - Jul 31 07:07 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
The Australian dollar found support at 94.40 and has rebounded last week... - Jul 30 07:22 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7855
Euro's near term sideways trading is expected to continue and near term downside risk remains for a test of last week's low at ... - Jul 31 15:03 GMT
Trade Idea: USD/CAD - Buy at 1.0850
As the greenback has retreated after intra-day brief rise to 1.0930, suggesting minor consolidation would be seen and pullback ... - Jul 31 14:59 GMT
Trade Idea: EUR/JPY - Hold long entered at 136.70
As the single currency has rebounded yesterday and broke above indicated resistance at 137.25-34, adding credence to our view t... - Jul 31 09:15 GMT
Trade Idea: AUD/USD - Sell at 0.9350
  Yesterday's selloff together with the breach of indicated support at 0.9322-29 confirm our view that top has been formed at 0.... - Jul 31 09:06 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Although euro's recovery after last week's fall to 0.7874 suggests ... - Jul 31 10:42 GMT
USD/CAD Elliott Wave Analysis
The greenback found renewed buying interest just above support at 1... - Jul 31 10:36 GMT
AUD/USD Elliott Wave Analysis
As aussie has retreated after meeting resistance at 0.9472 last wee... - Jul 30 10:19 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 31 21:30 GMT

Action Bias

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

Fundamental Analysis Reports

AUD/USD - Struggling Aussie Dips Below 93
Jul 31 14:46 GMT, by MarketPulse
AUD/USD continues to lose ground on Thursday, as the pair trades below the 0.93 level early in the North American session. The pair has surrendered over 100 points this week and is trading at its low...
US Initial Jobless Claims Increased in the Week Ending July 26
Jul 31 13:56 GMT, by RBC Financial Group
US initial claims jumped by 23,000 to 302,000 in the week ending July 26, 2014 following a downwardly revised 279,000 reading (was 284,000) in the previous week. The latest reading was roughly in lin...
Canadian GDP Rebounds in May
Jul 31 13:54 GMT, by RBC Financial Group
May 2014 GDP increased by a solid 0.4%, which was in line with market expectations. The increase was up sharply from the 0.1% gains that were recorded in both April and March. The strengthening in...
USD/JPY - Yen Slides on Sharp US GDP
Jul 31 12:27 GMT, by MarketPulse
The Japanese yen continues to sag, as USD/JPY is trading in the high-102 range. The yen lost close to a cent on Wednesday, as US GDP jumped 4.0%. Taking a look at Thursday's events, Japanese data was...
EUR's Fall from Grace Put on Hold Until NFP
Jul 31 12:10 GMT, by MarketPulse
The forex market has had a little bit of everything thrown at itself over the past 24-hours. It looks like an asset class that wants to make up for lost time in a hurry. Finally, fundamental and tech...
Gold Flat Ahead Of Unemployment Claims
Jul 31 10:39 GMT, by MarketPulse
Gold prices are steady on Thursday, as the metal continues to trade close to the $1300 level. In the European session, the spot price stands at $1295.01 per ounce. In the US, today's highlight is Une...
All Daily Fundamental Reports >>

Technical Analysis Reports

WTI Stands for "Why The Impotence"
Jul 31 14:04 GMT, by Forex.com
One of the most reliable cause-and-effect relationships in all of global markets is that violence in the Middle East tends to lead to a spike in oil prices. As you might expect, the most direct expla...
AUDUSD - Weakens, Eyes Further Downside
Jul 31 11:06 GMT, by FXTechstrategy
AUDUSD - With AUDUSD extending its price weakness during Thursday trading session,, more decline is likely. Support lies at the 0.9250 level. A cut through here will turn attention to the 0.9200 leve...
Forex Technical Analysis
Jul 31 11:03 GMT, by DeltaStock Inc.
Yesterday's uptrend reached a local high at 103.05 and current pullback is corrective, preceding an advance towards 104.10. Minor intraday support lies at 102.71, followed by the major one at 102.30.
Technical Outlook - AUDUSD, NZDUSD And AUDNZD
Jul 31 10:42 GMT, by Admiral Markets
On Thursday, the pair added to its losses on Wednesday lead by weaker Australian economic data. In doing so the pair weakened below 0.9320-0.9300 immediate support, comprising of 100-day SMA and 23.6...
Dollar/Yen Rally Limited By Fed Tempering
Jul 31 09:47 GMT, by ZIFX.com
On Wednesday Dollar/Yen increased significantly with 105 pips. The currency couple appreciated from 102.03 to 103.10 yesterday, matching the positive money flow sentiment at above +24%, closing the d...
AUDUSD Elliott Wave: Bearish Impulse Is Underway
Jul 31 09:18 GMT, by Elliott Wave Financial Service
AUDUSD is trading south as expected after only three wave rally from 0.9327 up to 0.9470. We labeled that move as wave (ii)/(b), so in either case we were looking for a drop to a new low of July. 0.9...
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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