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Jul 28 08:22 GMT

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Daily Report: Yen Mildly Lower as Stocks Selloff Stabilized, UK GDP in Focus
Jul 28 05:03 GMT, by ActionForex.com
Yen is mildly lower against other major currencies as Asian equities recovered from a three week low. This week's selloff as triggered by another rout in China seems to have temporarily stabilized. The MSCI Asia Pacific, outside Japan, index dropped as much as -0.8% earlier today. Nikkei is also nearly flat at the time of writing after dropping to...

Technical Outlook

AUD/USD Daily Outlook
With 0.7448 minor resistance intact, deeper fall is still expected in AUD/USD to long term retracement level at 0.7182 ... - Jul 28 05:58 GMT
USD/CAD Daily Outlook
With 1.2915 minor support intact, further rise is still expected in USD/CAD. Current rally should target next projectio... - Jul 28 05:56 GMT
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. As noted before, the corrective structure of current decline a... - Jul 28 05:44 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Another rise is mildly in favor 1.5450 minor support holds. Ab... - Jul 28 05:43 GMT

Special Reports

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...
RBNZ Cut OCR To 3%, Suggesting More Easing To Come
Jul 23 05:04 GMT
The RBNZ adopted rate cut for a second consecutive month in July, taking the OC...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
The greenback found renewed buying interest just above previous support at 0.9526 and staged a stronger-than-expected rebound, su... - Jul 28 07:58 GMT
Trade Idea: GBP/USD - Hold short entered at 1.5580
Although the British pound rose to 1.5596 yesterday, as cable met selling interest there and has retreated, retaining our near te... - Jul 28 07:53 GMT
Trade Idea: EUR/USD - Buy at 1.1000
As the single currency has retreated after rising to 1.1130 yesterday, suggesting consolidation below this level would be seen an... - Jul 28 07:44 GMT
Trade Idea: USD/JPY - Hold short entered at 123.55
Although the greenback rebounded after falling to 123.01 yesterday and marginal gain from here cannot be ruled out, reckon the up... - Jul 28 07:36 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback rose again after brief retreat to 122.92, as price ... - Jul 27 07:57 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound finally found support at 1.5330 last week and has reboun... - Jul 14 09:10 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Target met and buy at 0.7070
The single currency did resume recent decline in line with our bearish expectations, our short position entered at 0.7130 met tar... - Jul 27 14:57 GMT
Trade Idea: USD/CAD - Buy at 1.2900
As the greenback rallied after brief pullback, suggesting recent wave iii is still in progress and bullishness remains for furthe... - Jul 27 14:45 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency has jumped again after staging a rebound from last week's low of 134.33 and near term upside risk re... - Jul 27 09:31 GMT
Trade Idea: AUD/USD - Sell at 0.7555
As aussie has remained under pressure after meeting renewed selling interest at 0.7449 last week, bearishness remains for recent ... - Jul 27 09:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency fell briefly below previous support at 1... - Jul 27 09:13 GMT
USD/JPY Elliott Wave Analysis
As the greenback staged a strong rebound after finding renewed buying... - Jul 27 09:04 GMT
GBP/USD Elliott Wave Analysis
The British pound finally found good support at 1.5330 last week and ... - Jul 14 10:52 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 28 08:15 GMT

Action Bias

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

Fundamental Analysis Reports

Asia Stock Markets Stabilize
Jul 28 08:09 GMT, by Swissquote Bank SA
Relative calm has returned to the equity markets. Yesterday, the collapse of the Chinese stock prices sent tremors across European and US equities prices. There was also substantial capitation in the...
Dollar Driven By Global Sentiment On Risk
Jul 28 07:34 GMT, by KBC Bank
Yesterday , the dollar stayed in the defensive as global equities were under pressure due to the China sell‐off. This morning, the slowdown in the equity sell‐off is giving the dollar some breathing ...
German Business Morale Improves In July As Concerns Over Greece Subsides
Jul 28 06:50 GMT, by Dukascopy Swiss FX Group
Business confidence in Germany, the Euro zone's biggest economy, improved more than predicted in July as concerns over Greece have subsided, suggesting a solid growth in the German economy this year....
US Durable Goods Orders Surge 3.4% In June
Jul 28 06:46 GMT, by Dukascopy Swiss FX Group
Orders to American factories for big-ticket items rose more than expected in June, while business investment recovered after two months of drops. Durable goods orders surged 3.4% in June from the pre...
British Factory Orders Index Falls To Two-Year Low, Export Outlook Remains Murky
Jul 28 06:44 GMT, by Dukascopy Swiss FX Group
The UK factory orders rose at the weakest pace in two years in July as a strong Pound has further dimmed the outlook for manufacturing exports. The Confederation of British Industry's industrial orde...
UK GDP Eyed As BoE Ponders Rate Hike
Jul 28 06:35 GMT, by MarketPulse
It's been another turbulent session in China overnight, with regulators and the central bank once again being forced to step in and shore up the market which was on course for another shocking declin...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Jul 28 08:06 GMT, by Windsor Brokers Ltd
Yesterday's strong rally that left long bullish daily candle, cracked daily Kijun-sen line at 1.1108 and peaked at 1.1128, where daily 55SMA capped rally. This now marks pivotal barrier, with sustain...
Forex Technical Analysis
Jul 28 07:58 GMT, by DeltaStock Inc.
EUR/USD The intraday bias is bearish after yesterday's peak at 1.1126, for a possible slide towards 1.1020 support. The latter should provide a reliable base for another upswing towards 1.1215.
Foreign Exchange Market Commentary
Jul 28 06:33 GMT, by HY Markets
THE EURO closed sharply higher on Monday and above the 20day moving average crossing confirming that a shortterm low has been posted. The highrange close sets the stage for a steady to higher opening...
Daily FX Report
Jul 28 06:11 GMT, by Varengold Bank
The dollar was on the back foot at 123.12 yen as safe-haven assets were boosted by market jitters, offsetting upbeat U.S. durable good orders data. The dollar was last down 0.45 percent against the y...
Daily Technical Outlook And Review
Jul 28 04:57 GMT, by IC Markets
Following the open at 1.0978 the EUR currency saw a strong wave of bids come into the market, erasing both the 4hr supply area at 1.1034-1.1000 and the round number 1.1100, which ended with price bei...
US Dollar Breaks Support And Corrects Lower
Jul 28 04:40 GMT, by Admiral Markets
The EUR/USD broke the most recent top again and has closed with yet another higher high. The break of the next resistance line (red) could indicate the potential continuation.
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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