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Jul 22 15:11 GMT

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US Session: Orders and Options Watch
Jul 22 13:40 GMT, by ActionForex.com
EUR: The single currency slipped to fresh 2014 low in NY morning after the release of US CPI before recovering, bids at 1.3500 and 1.3485 together with stops below both levels and 1.3470 were tripped, however, buy orders are still seen at 1.3450-60 and 1.3425, mixture of bids and stops is expected at 1.3400-10. On the upside, offers are lowered to...

Technical Outlook

GBP/USD Mid-Day 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 22 13:31 GMT
USD/CHF Mid-Day Outlook
USD/CHF's rally resumed today and reaches as high as 0.9026 so far. Intraday bias is back on the upside for 0.9036 resi... - Jul 22 13:26 GMT
USD/JPY Mid-Day Outlook
No change in USD/JPY's outlook. The choppy decline from 102.79 could extend lower and could break 101.06 support. Howev... - Jul 22 13:23 GMT
EUR/USD Mid-Day Outlook
EUR/USD's fall continues today and reaches as low as 1.3458 so far, breached 1.3476 leg support. Intraday bias remains ... - Jul 22 13:12 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 Update: 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 12:59 GMT
Trade Idea Update: GBP/USD - Sell at 1.7140
Cable's near term sideways trading is likely to continue and still reckon last week's low at 1.7036 would limit downside and near... - Jul 22 12:57 GMT
Trade Idea Update: 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 12:55 GMT
Trade Idea Update: USD/JPY - Sell at 101.65
Although the greenback has risen again and near term upside risk remains for the rebound from 101.09 to extend gain to 101.65-70,... - Jul 22 12:49 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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Currency Heat Map (Daily)

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Last Updated: Jul 22 15:05 GMT

Action Bias

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

Fundamental Analysis Reports

USD/CAD: Listless as Rangebound Trade Continues
Jul 22 15:07 GMT, by MarketPulse
The Canadian dollar is showing little activity on Tuesday, as USD/CAD continues to trade in the mid-1.07 range late early in the North American session. On the release front, US CPI posted a weak gai...
US Existing Home Sales Rose 2.6% in June
Jul 22 15:05 GMT, by RBC Financial Group
Existing home sales in the US rose by 2.6% in June 2014 to 5.04 million annualized units from the revised 4.91 million units seen in May (initially reported at 4.89 million). Acceleration in the pace...
US Consumer Prices Up 0.3% in June, But Core Prices Up Just 0.1%
Jul 22 14:58 GMT, by RBC Financial Group
Consumer prices rose by 0.3% in June 2014, thereby matching market expectations, and followed 0.4% and 0.3% gains in May and April, respectively. On a year-over-year basis, headline price growth held...
CPI Momentum Subsides a Touch in June
Jul 22 13:58 GMT, by Wells Fargo Securities
Coming off accelerating monthly gains through the first five months of the year, the headline Consumer Price Index (CPI) increased 0.3 percent in June. Despite the solid gain, the year-over-year rate...
USD/JPY: Little Reaction to Weak US CPI
Jul 22 13:53 GMT, by MarketPulse
USD/JPY is stable on Tuesday, as the pair trades in the mid-101 range early in the North American session. On the release front, US CPI posted a weak gain of 0.1% last month. Today's other key releas...
AUD/USD: Aussie Rises on Weak US CPI
Jul 22 13:41 GMT, by MarketPulse
AUD/USD has posted gains on Tuesday, as the pair has pushed above the 0.94 line in the North American session. The Aussie has moved higher as US CPI posted a weak gain of 0.1% last month. Today's oth...
All Daily Fundamental Reports >>

Technical Analysis Reports

NZDJPY: Don't Fight the ... RBNZ?
Jul 22 13:15 GMT, by Forex.com
In a generally quiet week for economic data, the marquee event could be the RBNZ's monetary policy decision. My colleague Chris Tedder noted earlier this week that the central bank is likely to hike ...
EURUSD: Looking for a Daily Close Below 1.3477
Jul 22 11:59 GMT, by Forex.com
After a summer stuck in a stubborn range, the EUR has started to come under pressure and could be about to embark on a leg lower. The single currency is one of the weakest performers against the gree...
Nasdaq 100 Could Hit 4000 This Week if Tech Earnings Beat Expectations
Jul 22 11:24 GMT, by Forex.com
Today, risk is back on the menu as far as stocks are concerned. Both European markets and the major US index futures are higher, pointing to a positive open on Wall Street later this afternoon. There...
Technical Update - EURUSD, GBPUSD, USDJPY And USDCHF
Jul 22 10:39 GMT, by Admiral Markets
On Tuesday, the pair dropped below 1.3500 mark, decisively breaking below 38.2% Fib. retracement level to test a very important support near 1.3480-70 zone. Sustained trading below this support area ...
Yen Weakens On Ukraine And Middle East Events
Jul 22 10:19 GMT, by ZIFX.com
On Monday Dollar/Yen continued increasing insignificantly with almost 25 pips. The currency couple appreciated from 101.19 to 101.44 yesterday, matching the positive money flow sentiment at over +12%...
Technical Analysis for Major Currencies
Jul 22 10:08 GMT, by ICN.com
Linear Regression Indicators almost crossed over negatively, whereas Linear Regression Indicator 34 is attempting to negatively crossover with Linear Regression Indicator 55 as showing on graph. MACD...
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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