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Jul 28 08:15 GMT

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Daily Report: Forex Markets Steady ahead of a Busy Week
Jul 28 07:10 GMT, by ActionForex.com
The forex markets opened the week rather steadily with some weakness seen in Aussie and Kiwi. Dollar pared back some of last week's gain but loss is limited so far. Rally in China shares lead Asian indices generally higher with Japan Nikkei up 71.53 pts or 0.46% and Hong Kong HSI up 267 pts or 1.1%. Gold struggled to take out 1310 handle and is st...

Technical Outlook

GBP/USD Daily 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 08:00 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside. Rise form 0.8702 has just resumed and would now target 0.9156 key resis... - Jul 28 07:57 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains mildly on the upside for 102.26 resistance first. The e choppy fall from 102.79 has co... - Jul 28 07:55 GMT
AUD/USD Daily Outlook
AUD/USD's consolidation pattern from 0.9504 continued is still in progress and intraday bias remains neutral. More corr... - Jul 28 07:52 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

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Candlesticks Intraday Trade Ideas

Trade Idea : 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 07:58 GMT
Trade Idea: 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 07:54 GMT
Trade Idea: 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 07:43 GMT
Trade Idea: 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 07:38 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/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
Trade Idea: EUR/JPY - Buy at 136.70
Euro's rebound after yesterday's brief fall to 136.37 suggests consolidation above this support would be seen with mild upside bi... - Jul 25 08:35 GMT
Trade Idea: AUD/USD - Stand aside
Although the Australian dollar has retreated after meeting resistance at 0.9472 yesterday and further choppy trading is in store,... - Jul 25 08:30 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
The single currency did meet renewed selling interest at 138.45 (we r... - Jul 25 10:25 GMT
USD/CHF Elliott Wave Analysis
The greenback finally broke above previous resistance at 0.9037, addi... - Jul 25 10:18 GMT
EUR/GBP Elliott Wave Analysis
As euro has recovered after yesterday's brief fall to 0.7874, sugge... - Jul 24 11:19 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 28 08:10 GMT

Action Bias

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

Fundamental Analysis Reports

US Economy In Focus As Europe, Asia Lack Key Data
Jul 28 08:10 GMT, by ICN.com
The global financial markets saw a light trade over the past week, after recent attempts for a rebound from the major selloff amid the lingering geopolitical tensions in Eastern Europe and the Middle...
Last Week's Overview, This Week's Key Events
Jul 28 08:07 GMT, by Dukascopy Swiss FX Group
Over the last week markets were more active that 5 days earlier, with the market volatility entering the turbulence zone for 27% of the time, versus 22% a week ago. However, volatility of all 11 majo...
FX Trading Quiet, Eventful Week Ahead
Jul 28 07:33 GMT, by Swissquote Bank SA
The FX markets started the week in quiet fashion. We are heading into an eventful week with important releases on the economic calendar. In US, we will be closely monitoring the GDP 2Q first reading ...
Daily FX Analysis
Jul 28 07:31 GMT, by Investica
There was a negative reaction to the latest German IFO release. A decline to 108.0 for July from 109.7, was the third successive decline and lowest reading since October 2013 with companies more down...
Dollar In Good Shape
Jul 28 07:00 GMT, by KBC Bank
On Friday, the dollar remained well bid across board even as the US eco data were mixed. Markets apparently prepare for decent US eco data later this week. The correction of sterling against the euro...
China Roundup: The Recovery Continues
Jul 28 05:37 GMT, by Forex.com
An ongoing recovery in the world's second largest economy continues to bolster investor sentiment. Not much has changed from a macro perspective in China over the last month, thus nothing has upset t...
All Daily Fundamental Reports >>

Technical Analysis Reports

EUR/USD To Remain Bearish
Jul 28 07:59 GMT, by Dukascopy Swiss FX Group
Although the Euro refused to decline for two days, in the end the bears managed to push the currency below the monthly S2 level. The current downward tendency is expected to persist and could eventua...
GBP/USD Upheld By 55-Day SMA And Monthly PP
Jul 28 07:56 GMT, by Dukascopy Swiss FX Group
GBP/USD is currently trying to find support in the face of the monthly PP and 55-day SMA, but there is a high probability of the price falling even lower. If this is the case, further depreciation of...
USD/JPY Prone To Returning To 101
Jul 28 07:55 GMT, by Dukascopy Swiss FX Group
The currency pair is facing strong resistance at the moment, which it might turn out to be unable to break. The longer-term technical indicators suggest sticking to a bullish outlook, but none of the...
USD/CHF Aims For 2014 High
Jul 28 07:54 GMT, by Dukascopy Swiss FX Group
The Greenback carries on strengthening, and there are supposedly no significant hurdles until this year's high at 0.9156. We may expect some profit-taking around 0.91 (monthly R2), but the currency p...
NZDJPY Accelerate Losses After Breaking LT Trendline
Jul 28 06:50 GMT, by ThinkForex
The week closed by breaking below the bullish trendline from the 2012 lows to suggest a deeper bearish move may be underway. Whilst not pictured above, we did previously highlight that the 50 period ...
Daily FX Report
Jul 28 05:47 GMT, by Varengold Bank
In June the European Central Bank put a stimulus package and it cautioned that the economy would take sme time to respond. For a third month in July the inflation rate remained at 0.5 percent. The un...
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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