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Jul 23 05:28 GMT

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Daily Report: Euro Stays Weak as Imposes New Sanctions on Russia
Jul 23 04:18 GMT, by ActionForex.com
Euro stays generally weak as EU agreed to impose new sanctions on Russian officials for the suspected role in downing a Malaysia Airline jet over eastern Ukraine last week. EU ministers agreed to draft a new set of names that provide financial or material support to Russia's decision makers. And, they warned of further actions if there is no fu...

Technical Outlook

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 23 05:21 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains mildly on the downside for the moment. A short term top was formed at 1.7190 on bearis... - Jul 23 05:17 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for 0.9036 resistance. Break there will confirm resumption of whole rise... - Jul 23 05:15 GMT
USD/JPY Daily Outlook
The choppy decline from 102.79 could extend lower and could break 101.06 support. However, we don't see enough momentum... - Jul 23 05:12 GMT

Special Reports

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...
BOC More Dovish Than Expected, Warned Of Sluggish Growth
Jul 17 03:19 GMT
The BOC left the policy rate unchanged at 1% in July and maintained a neutral t...
Chinese Growth Beat Expectations In 2Q14, Thanks To Stimulus
Jul 16 11:29 GMT
China's GDP grew +7.5% y/y in 2Q14, accelerating from +7.4% in the prior quarte...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.8970
As the greenback has surged again and broke above indicated resistance at 0.9013, adding credence to our view that early erratic ... - Jul 22 15:33 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.7140
As the British pound has remained under pressure after falling from last week's high of 1.7192, retaining our view that a tempora... - Jul 22 15:29 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3545
As the single currency has fallen again and broke below last week's low at 1.3491, adding credence to our bearishness for recent ... - Jul 22 15:25 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 101.70
As the greenback has rebounded again after intra-day brief retreat to 101.33 (just held around the upper Kumo), retaining our vie... - Jul 22 15:22 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did find renewed buying interest at 1.7060 last... - Jul 22 06:56 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest just below 0.8900 and has rall... - Jul 22 06:50 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency met renewed selling interest at 1.3651 earlier this mo... - Jul 21 07:02 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7815
As the single currency has remained under pressure after meeting renewed selling interest at 0.7933 last week, suggesting near te... - Jul 22 14:00 GMT
Trade Idea: USD/CAD - Stand aside
Despite last week's rebound to 1.0794, subsequent retreat suggests further consolidation would be seen and a firm breach above sa... - Jul 22 13:52 GMT
Trade Idea: EUR/JPY - Sell at 137.70
Euro's consolidation after last week's fall to 136.71 is likely to continue and although recovery to 137.60-70 cannot be ruled ou... - Jul 22 08:10 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9400
Aussie's rebound after holding above indicated previous support at 0.9322 suggests further consolidation would be seen but still ... - Jul 22 08:05 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
As the British pound has retreated after last week's marginal rise to... - Jul 22 08:44 GMT
GBP/JPY Elliott Wave Analysis
The British pound broke above previous resistance at 174.85 earlier t... - Jul 22 08:32 GMT
USD/JPY Elliott Wave Analysis
Despite rebounding to 101.79 initially last week, as the greenback me... - Jul 21 10:00 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 23 05:20 GMT

Action Bias

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

USD/CAD: Loonie Trading Below Its MA's
Jul 23 05:23 GMT, by GCI Financial
The pair is expected to find support at 1.0716, and a fall through could take it to the next support level of 1.0703. The pair is expected to find its first resistance at 1.0752, and a rise through c...
EUR/USD: US Inflation Numbers For June Came In Line-With-Expectations
Jul 23 05:19 GMT, by GCI Financial
The pair is expected to find support at 1.3437, and a fall through could take it to the next support level of 1.3412. The pair is expected to find its first resistance at 1.3509, and a rise through c...
GBP/USD: Pound Trading Tad Higher Ahead Of The BoE Minutes
Jul 23 05:17 GMT, by GCI Financial
The pair is expected to find support at 1.7047, and a fall through could take it to the next support level of 1.7023. The pair is expected to find its first resistance at 1.709, and a rise through co...
USD/JPY: Japan May Witness End Of Deflation, BoJ's Hiroshi Nakaso
Jul 23 05:15 GMT, by GCI Financial
The pair is expected to find support at 101.29, and a fall through could take it to the next support level of 101.17. The pair is expected to find its first resistance at 101.58, and a rise through c...
Will The Kiwi Fly? Or Will A Certain 'Dove' Keep It Flightless?
Jul 23 04:55 GMT, by ThinkForex
Traders would remember Graeme Wheeler's talk of intervention if an 'overvalued New Zealand Dollar' was accompanied by poor fundamental data coming out. So it should not come as too much of a surprise...
Asian Market Update: AUD/USD Hits 2-Week High On Hotter CPI, BHP Iron Ore Output Tops Prior Forecast
Jul 23 04:41 GMT, by Trade The News
Hotter than expected Australia Q2 CPI sent AUD/USD pair up some 50pips above $0.9430 - a 2-week high. Headline CPI of 3.0% was a 9-quarter high and at the very top of the RBA target range of 2-3%, wh...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Jul 23 05:04 GMT, by FX Instructor
The EURUSD had a bearish momentum yesterday bottomed at 1.3457. The bias is bearish in nearest term testing 1.3400. Immediate resistance is seen around 1.3500. A clear break above that area could lea...
Weak Euro Coincides With ECB Expectations
Jul 23 04:38 GMT, by ZIFX.com
On Tuesday Euro/Dollar decreased with 70 pips. The European currency depreciated from 1.3530 to 1.3459 yesterday, matching the negative money flow sentiment at under -19%, closing the day at 1.3463. ...
Foreign Exchange Market Commentary
Jul 23 04:06 GMT, by HY Markets
THE EURO closed lower on Tuesday and below June's low as it extends the decline off this month's high. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session b...
Market Morning Briefing
Jul 23 03:32 GMT, by Kshitij Consultancy Services
Euro (1.3462) has broken down below 1.3475 as it trades at an 8 month low. Right now, it is tottering at the monthly trendline support at 1.3450, below which the door to 1.33 and 1.31 opens up. Expec...
AUD/USD – Runs Into Resistance At 0.9425 Yet Again
Jul 23 01:23 GMT, by MarketPulse
The Australian dollar is presently trading in a small range just below 0.94 after surging higher to the well established resistance level at 0.9425 and being rejected again in recent hours. It has st...
Australia 200 – Easing Away From Resistance At 5550
Jul 23 01:20 GMT, by MarketPulse
The Australia 200 Index has found a new key level to deal with in recent weeks as it has been able to consistently move through the 5500 level however it has now run into a short term resistance leve...
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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