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Aug 01 05:44 GMT

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Daily Report: Markets Rocked by Argentina Default, Focus on Non-Farm Payrolls
Aug 01 05:28 GMT, by ActionForex.com
The financial markets were rocked by Argentina's default overnight, with weakened sentiments on concerns that the Fed might begin tightening earlier than expected. The S&P 500 index ended the day -2%, or 39.4 pts lower and took out key near term support of 1944.69. DJIA fell -1.88%, or -317.06 pts, to close at 16563.3, also broke key near term...

Technical Outlook

EUR/USD Daily Outlook
A temporary low is in place at 1.3366 and intraday bias in EUR/USD is turned neutral for the moment. Some consolidation... - Aug 01 05:03 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for the moment. As noted before, a medium term could be formed at 1.71... - Aug 01 05:00 GMT
USD/CHF Daily Outlook
A temporary top is in place at 0.9106 in USD/CHF and intraday bias is turned neutral first. Some consolidations would b... - Aug 01 04:57 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains on the upside for the moment. Further rally could be seen through 100% projection of 1... - Aug 01 04:54 GMT

Special Reports

FOMC Focused On Slack In Job Market Despite Resilient 2Q14 Growth
Jul 31 04:05 GMT
As expected, the FOMC tapered by another US$ 10B in July with few changes in th...
Weak Economic Data Unlikely Triggers BOJ To Intensify Stimulus
Jul 30 08:20 GMT
Japan's economic data released over the past 2 weeks underscored the downside r...
Upbeat Chinese PMI Reflects Feed-Through Of Stimulus, More In 2H14
Jul 25 02:42 GMT
Chinese economic growth has shown signs of gathering momentum again, thanks to ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9035
As the greenback has retreated again after faltering below yesterday's high of 0.9107, retaining our view that minor consolidat... - Jul 31 15:40 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6950
As the British pound dropped again after meeting renewed selling interest at 1.6928 earlier today, adding credence to our beari... - Jul 31 15:36 GMT
Trade Idea Wrap-up: EUR/USD - Hold long entered at 1.3402
The single currency has remained confined in narrow range after falling to 1.3367 yesterday and further consolidation is in sto... - Jul 31 15:29 GMT
Trade Idea Wrap-up: USD/JPY - Buy at 102.35
As dollar has retreated after faltering below yesterday's high of 103.09, retaining our view that minor consolidation would be ... - Jul 31 15:26 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under pressure, suggesting recent de... - Jul 31 07:22 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency finally rebounded after holding above support at 1.2... - Jul 31 07:07 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
The Australian dollar found support at 94.40 and has rebounded last week... - Jul 30 07:22 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7855
Euro's near term sideways trading is expected to continue and near term downside risk remains for a test of last week's low at ... - Jul 31 15:03 GMT
Trade Idea: USD/CAD - Buy at 1.0850
As the greenback has retreated after intra-day brief rise to 1.0930, suggesting minor consolidation would be seen and pullback ... - Jul 31 14:59 GMT
Trade Idea: EUR/JPY - Hold long entered at 136.70
As the single currency has rebounded yesterday and broke above indicated resistance at 137.25-34, adding credence to our view t... - Jul 31 09:15 GMT
Trade Idea: AUD/USD - Sell at 0.9350
  Yesterday's selloff together with the breach of indicated support at 0.9322-29 confirm our view that top has been formed at 0.... - Jul 31 09:06 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Although euro's recovery after last week's fall to 0.7874 suggests ... - Jul 31 10:42 GMT
USD/CAD Elliott Wave Analysis
The greenback found renewed buying interest just above support at 1... - Jul 31 10:36 GMT
AUD/USD Elliott Wave Analysis
As aussie has retreated after meeting resistance at 0.9472 last wee... - Jul 30 10:19 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Aug 01 05:35 GMT

Action Bias

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

Asian Market Update: China PMIs Mixed As Asia Digests The Sharp Decline On Wall St
Aug 01 05:29 GMT, by Trade The News
Twin China manufacturing PMIs were identical at 51.7 - the official topping consensus and HSBC Final missing by the same 0.3pct margin. In the official print, new orders component hit its highest lev...
IMF Recommends And New Sales Tax Hike In Japan
Aug 01 03:34 GMT, by ICN.com
The International Monetary Fund said Thursday that Japan has to raise sales tax again to overcome its public debt burden. This came after the Japanese government raised sales tax from 5% to 8% in Apr...
China's Manufacturing PMI Jumps To The Highest In Two Years On Stimulus Measures
Aug 01 03:04 GMT, by ICN.com
Data released Friday showed the Chinese manufacturing sector grew in July at the fastest pace in two years, supported by the recently added stimulus measures. Today's reading topped analysts' estimat...
GBP/USD – Stuggling Pound Falls Below 1.69
Aug 01 02:42 GMT, by MarketPulse
GBP/USD continues its losing ways on Thursday, as the pair below the 1.69 level in the North American session. The pound has surrendered about 100 points this week to the surging US dollar. In econom...
USD/CAD – Loonie Improves On Canadian GDP
Aug 01 02:41 GMT, by MarketPulse
USD/CAD has dipped below the 1.09 level in Thursday's North American session, as the Canadian dollar has halted its recent slide. The loonie received some much-needed help as Canadian GDP beat the es...
Research Note: July NFP Prep
Aug 01 02:21 GMT, by Forex.com
The July Non-Farm Payroll report will be released tomorrow at 8:30 ET (13:30 GMT), with expectations centered on a headline print of around 230k new jobs. My NFP forecasting model suggests that the N...
All Daily Fundamental Reports >>

Technical Analysis Reports

The Daily Wave Analysis
Aug 01 05:27 GMT, by Admiral Markets
If further downside occurs then the wave 5 (dark red) would become extended. Breakouts (red arrows) could occur below support (purple trend line) down towards the Fibonacci targets
Foreign Exchange Market Commentary
Aug 01 03:59 GMT, by HY Markets
THE EURO closed lower on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that...
Market Morning Briefing
Aug 01 03:33 GMT, by Kshitij Consultancy Services
Dollar-Yen (102.89) is trading in the range of 101-103 as expected but now it may attempt the difficult rise to 103.50-104 if it manages to sustain above 102.80. Euro-Yen (137.75) is consolidating in...
Australia 200 – Falls Sharply From Six Year High
Aug 01 03:10 GMT, by MarketPulse
After being on quite a roll for several weeks, the Australian 200 Index has fallen sharply over the last few days returning back to below the 5550 level in the process. The solid move higher saw it m...
Daily Technical Analysis
Aug 01 03:08 GMT, by FX Instructor
The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains bearish in nearest term testing 1.3300. Immediate resistance is seen around 1.3405. A ...
AUD/USD – Desperately Clinging To 0.9300
Aug 01 02:44 GMT, by MarketPulse
The Australian dollar is presently trying to cling onto the 0.93 level after its sharp over the last few days which saw it move from above 0.9400 down to a seven week low just below 0.9300. It has sp...
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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