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Jul 31 04:59 GMT

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Daily Report: Yen Mildly Higher after Batch of Weak Data
Jul 31 04:05 GMT, by ActionForex.com
Asian markets are stuck in tight range after US stocks closed nearly flat overnight. Yen is mildly higher after a batch of weak data from Japan. National CPI rose slightly by 0.1% yoy in June versus expectation of 0.0%. But Tokyo CPI dropped -0.1% yoy in July versus expectation of 0.0% yoy. Recently, BoJ stayed optimistic that inflation will pick ...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias remains neutral for the moment. As noted before, the corrective structure of current decline argues that ... - Jul 31 04:17 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Another rise is mildly in favor 1.5465 minor support holds. Ab... - Jul 31 04:15 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for 61.8% retracement of 1.0127 to 0.9072 at 0.9724 next. Sustained brea... - Jul 31 04:13 GMT
USD/JPY Daily Outlook
At this point, there is no follow through buying for USD/JPY to stay above 124.43 resistance yet. But with 123.00 suppo... - Jul 31 04:06 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 - Buy at 0.9665
Dollar's firmness after breaking above previous resistance at 0.9674 adds credence to our view that recent erratic rise from 0.90... - Jul 30 15:47 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
As the British pound has retreated again after meeting resistance at 1.5644 in NY morning, below 1.5588 would bring weakness to 1... - Jul 30 15:43 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.0985
Euro's intra-day breach of previous support at  1.0925 signals rebound from 1.0809 has ended at 1.1130 and mild downside bias rem... - Jul 30 15:37 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Despite intra-day breach of previous resistance at 124.48, lack of follow through buying and current retreat from 124.58 suggest ... - Jul 30 15:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie dropped quite sharply last week, break of recent low 89.20... - Jul 30 07:57 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie has remained under pressure, as recent decline is losing n... - Jul 30 07:11 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound retreated after rising to 1.5667 earlier, as re... - Jul 28 09:12 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency continued to trade lower after retreating from 0.7161 (this week's high), dampening our near term bullishness... - Jul 30 15:03 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2900
The greenback found renewed buying interest at 1.2862 yesterday and has staged a rebound, retaining our bullishness and above 1.3... - Jul 30 14:52 GMT
Trade Idea: EUR/JPY - Hold long entered at 136.25
Although the single currency has retreated after rising to 137.11 earlier this week, as long as 135.75-80 holds, mild upside bias... - Jul 30 08:26 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7285
Although aussie has retreated again after faltering below resistance at 0.7351, as long as this week's low at 0.7257 holds, conso... - Jul 30 08:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has retreated again after meeting resistance a... - Jul 30 10:05 GMT
USD/CAD Elliott Wave Analysis
The greenback found renewed buying interest at 1.2656 and has surged ... - Jul 30 09:44 GMT
GBP/USD Elliott Wave Analysis
Cable's rebound after finding support at 1.5330 suggests near term up... - Jul 28 10:09 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 31 04:50 GMT

Action Bias

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

Fundamental Analysis Reports

Is Puerto Rico the Next Greece?
Jul 31 03:45 GMT, by Blackwell Global
Puerto Rico is facing a significant debt crisis as $58 million in bond payments become due in the next few days. Saturday could represent the first of a range of missed payments that are likely to pl...
July Month-End Model Points To Modest Dollar Weakness
Jul 31 03:16 GMT, by Forex.com
Traders often refer the impact of 'month end flows' on different currency pairs during the last few days of the month. In essence, these money 'flows' are caused by global fund managers and investors...
Edging Closer + Syriza Left Wing Rift
Jul 31 03:12 GMT, by Vantage FX
With these US numbers over night fairly close to expectations, the market has interpreted them as not missing by enough to slow down the Fed's target of raising rates by the end of the year. An impor...
GDP: Modest Second Quarter Gain - Split Level Economy
Jul 30 14:49 GMT, by Wells Fargo Securities
GDP rebounded from a weak start to the year, advancing at a 2.3 percent pace in Q2 (top chart). Consumer spending led the second quarter with a gain of 2.9 percent compared to 1.8 percent last quarte...
US GDP Key After Lackluster First Quarter
Jul 30 11:37 GMT, by MarketPulse
With the Federal Reserve opting to remain coy on Wednesday, investors once again find themselves studying the economic data and trying to determine whether it satisfies policy makers requirements in ...
Swiss KoF Improves
Jul 30 09:42 GMT, by Swissquote Bank SA
'Yesterday at the FOMC meeting, the Fed did not make any changes concerning its monetary policy. The interest rates remain unchanged at 0.25%. Yet, what was more expected was the hints that could be ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Jul 31 04:17 GMT, by FX Instructor
The EURUSD continued its bearish momentum yesterday bottomed at 1.0892 but traded higher earlier today hit 1.0946. The bias remains bearish in nearest term retesting 1.0892. A clear break below that ...
Market Morning Briefing
Jul 31 03:44 GMT, by Kshitij Consultancy Services
Euro (1.0940) saw an intra-day low of 1.0892 yesterday but came back to close higher. Near term looks weak and we may expect a re-test of 1.09-1.08 levels before rising again
The Daily Forecaster: EURUSD
Jul 31 03:41 GMT, by FX-Forecaster
The initial decline stalled way above the 1.0901 area but as suggested, the correction was relatively shallow and it seems we are seeing a relatively direct decline (although the internal development...
AUD/USD – Steady Below 0.73
Jul 31 03:30 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 – Resistance At 5650 Playing A Role
Jul 31 03:28 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...
EURUSD - Sees Price Extension, Eyes The 1.0800 Level
Jul 31 03:20 GMT, by FXTechstrategy
EURUSD - With EUR extending its price weakness during Thursday trading session, threats of further downside pressure is envisaged. Support lies at the 1.0850 level where a violation will aim at the 1...
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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