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Aug 03 23:20 GMT

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US Session: Orders and Options Watch
Aug 03 14:07 GMT, by ActionForex.com
EUR: Euro's retreat from 1.1114 has kept price under pressure, offers are still noted at 1.1000, 1.10200 and 1.1050, sell orders are reported at 1.1065, 1.1080-85 and 1.1100, selling interest is tipped at 1.1120, 1.1160 and 1.1185, mixture of offers and stops is located at 1.1200. On the downside, bids are seen at 1.0950, 1.0925-30 and 1.0900, buy...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for the moment. As noted before, the corrective structure of current decline a... - Aug 03 13:22 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. Another rise is mildly in favor 1.5465 minor support holds. Ab... - Aug 03 13:20 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 03 13:19 GMT
USD/CHF Mid-Day Outlook
USD/CHF recovers mildly today but stays in range below 0.9718. Intraday bias remains neutral for consolidation below 61... - Aug 03 13:15 GMT

Special Reports

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...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although the greenback has maintained a firm undertone after staging a strong rebound from 0.9549 (Friday's low) and gain to 0.97... - Aug 03 15:58 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day fall to 1.5565, as cable has rebounded after holding above Friday's low of 1.5549, suggesting further consolida... - Aug 03 15:52 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1050
Euro's sharp retreat after meeting renewed selling interest at 1.1114 on Friday suggests the rebound from 1.0893 has ended there ... - Aug 03 15:44 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although dollar has retreated after meeting resistance at 124.27, below 123.80 is needed to suggest the rebound from 123.52 has e... - Aug 03 15:33 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
USD/JPY Candlesticks and Ichimoku Analysis
The greenback staged a stronger-than-expected rebound from 123.01 (last we... - Aug 03 08:13 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie dropped quite sharply last week, break of recent low 89.20... - Jul 30 07:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency ran into resistance at 0.7098 on Friday and has retreated quickly, retaining our view that further choppy tra... - Aug 03 15:20 GMT
Trade Idea: USD/CAD - Target met and stand aside
Despite Friday's brief retreat to 1.2941, the greenback found renewed buying interest there and has surged again in line with our... - Aug 03 15:12 GMT
Trade Idea: EUR/JPY - Stand aside
Despite Friday's brief rise to 137.35, the subsequent retreat suggests further consolidation below this level would be seen, howe... - Aug 03 09:31 GMT
Trade Idea: AUD/USD - Stand aside
Although aussie resumed recent decline to 0.7235 late last week, the subsequent rebound suggests consolidation would be seen, how... - Aug 03 09:26 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency retreated initially last week to 1.0893,... - Aug 03 09:51 GMT
USD/JPY Elliott Wave Analysis
The greenback only retreated to 123.01 last week before finding renew... - Aug 03 09:44 GMT
EUR/GBP Elliott Wave Analysis
As the single currency has retreated again after meeting resistance a... - Jul 30 10:05 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 03 23:15 GMT

Action Bias

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

Fundamental Analysis Reports

ISM: Moderate Growth, Despite Headwinds, Remains in Place
Aug 03 15:15 GMT, by Wells Fargo Securities
For July, the ISM index came in at 52.7 as inventory adjustments were a drag on the index while production and orders continue to suggest moderate growth (top graph). For the first half of 2015, indu...
Greek Stock Markets Open To Heavy Selling
Aug 03 10:27 GMT, by Swissquote Bank SA
Traders are currently watching the fall in Greek stock cautiously. Given how Greek stocks have traded as ADR in the US exchanges, much of this price drop has already been priced in. However, the size...
European Market Update: China Growth Concerns Continue To Weigh On Commodities, Athens Stock Exchanges Reopens After A 5-Week Closure
Aug 03 10:09 GMT, by Trade The News
China soft PMI data and continued slide of commodity prices putting additional pressure on currencies exposed to China's economic slowdown and the supply-driven fall in commodity prices USD/CAD pair ...
Gold Trades Lower As Fed's Rate Hike Looms
Aug 03 08:47 GMT, by ICN.com
Precious-Gold traded lower where a rebound from 5-1/2- year low on Friday could not prevent the metal from recording its worst monthly drop since two years amid interest rate hike prospects from the ...
Euro Area PMI Manufacturing Revised Up To 52.4 In July
Aug 03 08:46 GMT, by ICN.com
Euro area PMI manufacturing was revised up to 52.4 in July from preliminary reading of 51.9, compared to June’s reading of 51.8. German manufacturing purchasing managers’ index retreated to a seasona...
China Data Disappoints, Greek Stock Market To Reopen
Aug 03 08:08 GMT, by Swissquote Bank SA
Asia stocks declined across the board as Chinese economic data showed more weakness. China Caixin manufacturing PMI final (different from the official read which fell to a five-month low at 50.0) con...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCAD Bulls on Parade... Where Will the Stampede Stop?
Aug 03 13:28 GMT, by Forex.com
As my colleague Fawad Razaqzada noted earlier today, the big market theme at the start of this week is persistent weakness in oil prices. Both the WTI and Brent contracts are at new multi-month lows ...
Crude Extends Decline on Record OPEC Oil Output
Aug 03 13:24 GMT, by Forex.com
Crude oil prices continue to head south. As before, they are being driven lower predominantly because of the disequilibrium created from the supply side of the equation. In fact, it is not just the a...
Forex Technical Analysis
Aug 03 10:23 GMT, by DeltaStock Inc.
EUR/USD Last week's impulsive rise failed to break through 1.1128 peak and the intraday outlook is negative, for another slide towards 1.0870.
IMM Positioning: Speculators Significantly Slash Bearish GBP Positions
Aug 03 10:04 GMT, by Danske Bank
IMM positioning data released on Friday revealed a continued shift in speculative GBP positioning as investors reduced their bearish positions vis-a-vis the USD for the second consecutive week. Measu...
Today's Market Outlook
Aug 03 08:14 GMT, by Windsor Brokers Ltd
The Euro ended week below 1.10, after Friday's rally nearly fully reversed 1.1128/1.0981 downleg, on rally to 1.1121, Friday's peak. Daily bullish candle, with very long upper shadow, shows strong se...
AUDUSD Could Fall Around 0.7000
Aug 03 08:12 GMT, by Elliott Wave Financial Service
AUDUSD is at new lows which has been expected recently as rally from April to May highs has a clear corrective personality as mentioned at the time. We labeled it as wave (4), so current leg down fro...
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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