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Jul 24 13:00 GMT

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European Session: Orders and Options Watch
Jul 24 09:00 GMT, by ActionForex.com
EUR: Although the single currency slipped again earlier today, euro found good support just below 1.3440 and has rebounded in European morning in part due to the release of upbeat PMI data, offers at 1.3465 and 1.3475-80 were filled, however, more sell orders are reported at 1.3490-00 and 1.3520-30, mixture of offers and stops is located at 1.3545...

Technical Outlook

AUD/USD Daily Outlook
AUD/USD's recover continues today but after all, it's still suck in range below 0.9504 and intraday bias remains neutra... - Jul 24 06:45 GMT
USD/CAD Daily Outlook
With 1.0693 minor support intact, further rise is still expected in USD/CAD. Considering that the pair has drawn strong... - Jul 24 06:43 GMT
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 24 04:24 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside and the correction from 1.7190 should extend lower for 55 days EMA (no... - Jul 24 04:22 GMT

Special Reports

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...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.8970
Although the greenback moved higher again today and near term upside risk remains for one more rise to 0.9045-50, loss of upwar... - Jul 24 11:03 GMT
Trade Idea Update: GBP/USD - Sell at 1.7115
Although the British pound has remained under pressure, loss of near term downward momentum suggests downside would be limited ... - Jul 24 11:01 GMT
Trade Idea Update: EUR/USD - Buy at 1.3415
Although the single currency has rebounded after intra-day brief fall to 1.3438, near term downside risk remains for the declin... - Jul 24 10:54 GMT
Trade Idea Update: USD/JPY - Sell at 101.70
As the greenback found good support at 101.20 earlier this week and has recovered, suggesting near term upside risk remains for... - Jul 24 10:41 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
Although the single currency fell again this week, loss of near term dow... - Jul 24 10:33 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency remained confined within near term established range... - Jul 24 10:04 GMT
NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi resumed recent upmove and rose to as high as 0.8836, the s... - Jul 23 07:33 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 136.70
Although the single currency fell briefly to 136.37, lack of follow through selling on break of yesterday's low of 136.41 and c... - Jul 24 09:25 GMT
Trade Idea: AUD/USD - Stand aside
Aussie's rebound after holding above indicated previous support at 0.9322 turned out to be stronger than expected, dampening ou... - Jul 24 09:11 GMT
Trade Idea: EUR/GBP - Buy at 0.7815
Although the single currency has fallen again today and near term downside risk remains for recent decline in wave v of iii to ... - Jul 23 15:08 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has remained confined within recent range and the retreat from 1.0794 suggests further consolidation below this l... - Jul 23 15:04 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As euro has recovered after yesterday's brief fall to 0.7874, sugge... - Jul 24 11:19 GMT
USD/CAD Elliott Wave Analysis
Although the greenback rebounded earlier this month to 1.0794, the ... - Jul 24 11:14 GMT
AUD/USD Elliott Wave Analysis
Although aussie has rebounded again after holding above indicated p... - Jul 23 10:30 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 24 12:55 GMT

Action Bias

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

Fundamental Analysis Reports

Euro PMIs Suggest Higher Activity in H2
Jul 24 12:11 GMT, by Danske Bank
Euro services PMI was stronger than expected in July and increased to 54.4, from 52.8 in June. This is the highest level in more than three years and as services are driven mainly by domestic demand,...
Midyear FX Outlook: The Mighty Buck's Return Is Nigh
Jul 24 12:01 GMT, by MarketPulse
Global currency markets continue to flounder in an environment of low volatility and volume despite being punctuated by periods of geopolitically induced risk events. The ongoing Russia-Ukraine co...
Euro Bounces After PMI Data, Kiwi Extends Drop
Jul 24 11:36 GMT, by ICN.com
The euro rebounded against the U.S. dollar in mid-session after European PMI manufacturing and services rose more than forecast in June, while concerns eased over the future of economic growth in the...
European Markets Move Higher On Positive PMI Data, Nokia Beats Estimates
Jul 24 11:23 GMT, by ICN.com
European shares extended gains in mid-morning trading Thursday after euro-area data showed manufacturing and services are accelerating in July and as investors weighed positive earnings from Nokia an...
EUR/USD – Steady On Solid PMIs In Germany, Eurozone
Jul 24 10:52 GMT, by MarketPulse
EUR/USD has posted slight gains on Thursday, as the pair trades in the high-1.34 range in the European session. The euro received some help as German and Eurozone PMIs met or exceeded expectations. H...
Is NZD Sell-Off An Opportunity To Reinforce Long Positions?
Jul 24 10:42 GMT, by Swissquote Bank SA
The RBNZ decision to suspend the rate hikes hit the NZD complex, the kiwi has been the worst performer among its G10 peers against USD over the past 24 hours of trading. Although the accompanying sta...
All Daily Fundamental Reports >>

Technical Analysis Reports

US Indices - Technical Update
Jul 24 12:08 GMT, by Admiral Markets
Continuing with its strong momentum the index recovered from day's low on Wednesday and on Thursday the index future is quoting above 2014 closing high of 17114. On daily chart, however, the index se...
FTSE Boosted by Strong PMIs, Looks Set to Test 6865/80 for Umpteenth Time
Jul 24 12:06 GMT, by Forex.com
Following a sluggish start, the FTSE has turned higher along with the other European markets. Sentiment has been boosted, above all, by the surprisingly good economic data from China and Europe and a...
EURJPY - Triggers Recovery, Eyes More Strength
Jul 24 10:44 GMT, by FXTechstrategy
EURJPY - With a temporary bottom formed and recovery higher triggered, further strength is now envisaged. On the upside, resistance resides at the 137.50 level where a break if seen will threaten fur...
Dollar/Yen Supported By Short Term Yields
Jul 24 10:29 GMT, by ZIFX.com
On Wednesday Dollar/Yen traded within small 25 pip range. The currency couple appreciated from 101.30 to 101.57 yesterday, matching the positive money flow sentiment at nearly +7%, closing the day at...
Forex Technical Analysis
Jul 24 10:24 GMT, by DeltaStock Inc.
Current rebound at 1.3437 signals, that the slide from 1.3550 is over and the pair has entered a consolidation mode, preceding next sell-off towards 1.3280. Key resistance on the upside is the alread...
Technical Analysis for Crosses
Jul 24 10:17 GMT, by ICN.com
The pair rebounded to the upside after testing 172.50 yesterday, while the pair is still limited between confirmation levels represented in the support 172.50 and resistance 174.25 waiting to breach ...
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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