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Jul 30 04:04 GMT

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Daily Report: Reactions to FOMC Muted, Stocks Rebounded
Jul 30 03:51 GMT, by ActionForex.com
Reactions to the FOMC statement overnight were relatively muted. Fed sounded upbeat on the economy but left little clue on whether it will raise interest rate in September. The statement noted that the US economy has expanded moderately . The job market continued to improve, with solid job gains and declining unemployment. Also, underutilizatio...

Technical Outlook

USD/CAD Daily Outlook
The correction from 1.3102 short term top is still in progress. Intraday bias in USD/CAD remains mildly on the downside... - Jul 30 03:51 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral for the moment. Another rise is mildly in favor 1.5450 minor support holds. Ab... - Jul 29 13:19 GMT
USD/CHF Mid-Day Outlook
Upside momentum in USD/CHF isn't very convincing. But with 0.9524 minor support intact, further rise is expected to 61.... - Jul 29 13:18 GMT
USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains neutral for the moment. Break of 122.91 will indicate the rebound from 120.40 has comp... - Jul 29 13:16 GMT

Special Reports

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...
China PMI Fell To Lowest Level In 15 Months
Jul 24 07:38 GMT
After HSBC terminated its PMI survey for China*, the newly renamed Caixin-Marki...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
The greenback surged above last week's high at 0.9649, adding credence to our view that recent erratic rise from 0.9072 low is st... - Jul 28 15:38 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Despite intra-day brief retreat to 1.5528, as the British pound found renewed buying interest there and has staged a strong rebou... - Jul 28 15:29 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1000
Euro's retreat after rising to 1.1130 yesterday suggests consolidation below this level would be seen and minor correction to pre... - Jul 28 15:26 GMT
Trade Idea Wrap-up: USD/JPY - Hold short entered at 123.55
Although the greenback rebounded after falling to 123.01 yesterday, as long as resistance at 123.84 holds, prospect of a retreat ... - Jul 28 15:22 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound retreated after rising to 1.5667 earlier, as re... - Jul 28 09:12 GMT
USD/CHF Candlesticks and Ichimoku Analysis
As the greenback has maintained a firm undertone, retaining our bullishnes... - Jul 28 08:50 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Despite falling to 1.0809 last week, lack of follow through selling on bre... - Jul 27 08:14 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Hold short entered at 0.7130
As the single currency has retreated after rising to 0.7161 yesterday, suggesting consolidation below this level would be seen an... - Jul 28 14:10 GMT
Trade Idea: USD/CAD - Buy at 1.2900
As the greenback has retreated after rising to 1.3103 late last week and consolidation below this level would be seen for minor c... - Jul 28 14:04 GMT
Trade Idea: EUR/JPY - Buy at 136.25
As the single currency has maintained a firm undertone after staging a strong rebound from 134.33, suggesting near term bullishne... - Jul 28 09:47 GMT
Trade Idea: AUD/USD - Buy at 0.7285
As aussie has rebounded after intra-day marginal fall to 0.7257, suggesting consolidation above this level would be seen and reco... - Jul 28 09:40 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Cable's rebound after finding support at 1.5330 suggests near term up... - Jul 28 10:09 GMT
GBP/CHF Elliott Wave Analysis
The British pound found renewed buying interest at 1.4467 (just misse... - Jul 28 10:05 GMT
EUR/USD Elliott Wave Analysis
Although the single currency fell briefly below previous support at 1... - Jul 27 09:13 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 30 03:55 GMT

Action Bias

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

FOMC: Weather Conditions For Liftoff - Still Favorable
Jul 30 03:01 GMT, by Wells Fargo Securities
From the vantage point of the Federal Open Market Committee (FOMC), "economic activity has been expanding moderately in recent months." We agree and expect further improvement in the months ahead. Co...
FOMC: Only 'Some' Further Progress Needed for September Rate Hike
Jul 30 02:58 GMT, by Danske Bank
The statement from the July FOMC meeting was very little changed compared with the previous meeting in mid-June but it included an important 'some' in anticipation of the first rate hike: 'The Commit...
US FOMC Holds Fed Funds Steady in Unanimous Decision
Jul 30 02:54 GMT, by RBC Financial Group
Today, the Federal Open Market Committee (FOMC) made no change to the fed funds target range of 0.00% to 0.25%, in a unanimous decision. The statement reiterated that the timing of a rate hike is dep...
FOMC Instant Reaction: 'Nearly' There, But 'Further' Improvement Needed
Jul 30 02:04 GMT, by Forex.com
As we noted in our FOMC preview report, analysts and traders were unanimous in their expectation that the central bank would leave interest rates unchanged in the 0.00-0.25% range, and the Fed provid...
Fed Statement Eyed For September Hike Clues
Jul 29 11:11 GMT, by MarketPulse
Despite a change in policy stance being extremely unlikely today, the FOMC announcement is going to be tracked extremely closely by investors and could drive large amounts of market volatility. Inves...
USD Range-Bound Ahead Of FOMC
Jul 29 10:27 GMT, by Swissquote Bank SA
Traders globally will be singularly focused on the FOMC meeting this afternoon. Given the importance of this event we anticipate FX markets will shift into tight ranges. The market is currently prici...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Jul 30 03:36 GMT, by Kshitij Consultancy Services
Aussie (0.7310) is trading just above 0.73 and is stable within the 0.736-0.725 region since the past few sessions. This may continue for some more time before an eventual rise towards 0.74 and above...
Dollar Strengthens Following FOMC Statement
Jul 30 02:16 GMT, by ThinkForex
EURUSD produced an Evening Star Reversal pattern on D1 and I suspect we may have finally seen the end of the rebound from the 1.08192 lows. Now trading back within the bearish channel it points towar...
AUD/USD – Rolls Over Under 0.73 Again
Jul 30 02:11 GMT, by MarketPulse
The Australian dollar has fallen sharply over the last month which has culminated in a new six year low below 0.7300 to close out last week. It is presently trading right around this key 0.73 level a...
Australia 200 – Eyes On Resistance At 5650 Again
Jul 30 02:11 GMT, by MarketPulse
A few weeks ago the ASX200 enjoyed a solid resurgence back up from support at 5400 to a new three week high above 5650, however over the last week it has met resistance around 5650 and been forced lo...
GBPUSD - Outlook Remains Higher On Corrective Recovery
Jul 30 02:06 GMT, by FXTechstrategy
GBPUSD - Having continued to hold on to its recovery bias by extending its strength during Wednesday trading session, further move higher is expected. On the upside, resistance resides at the 1.5700 ...
Can the Fed Disrupt the GBPUSD Rally?
Jul 29 16:58 GMT, by Forex.com
Ahead of this evening's FOMC meeting, the pound is the strongest performer in the G10 FX space. Sterling is still benefitting from the decent GDP figure released on Tuesday, which has triggered a 150...
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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