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Jul 28 10:21 GMT

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European Session: Orders and Options Watch
Jul 28 09:54 GMT, by ActionForex.com
EUR: The single currency ran into resistance at 1.1130 and has retreated, however, bids are still noted at 1.1050, 1.1020 and 1.1000, buy orders are reported at 1.0980, 1.0965 and 1.0940, buying interest is tipped at 1.0900, 1.0880 and 1.0860, fresh demand is located at 1.0820-25 and 1.0800. On the upside, offers are now seen at 1.1080-85, 1.1100 ...

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 Update: 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 10:19 GMT
Trade Idea Update: 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, as long as re... - Jul 28 10:16 GMT
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
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound retreated after rising to 1.5667 earlier, as re... - Jul 28 09:12 GMT
USD/CHF Candlesticks and Ichimoku Analysis
As the greenback has maintained a firm undertone, retaining our bullishnes... - Jul 28 08:50 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 136.25
As the single currency has maintained a firm undertone after staging a strong rebound from 134.33, suggesting near term bullishne... - Jul 28 09:47 GMT
Trade Idea: AUD/USD - Buy at 0.7285
As aussie has rebounded after intra-day marginal fall to 0.7257, suggesting consolidation above this level would be seen and reco... - Jul 28 09:40 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
Cable's rebound after finding support at 1.5330 suggests near term up... - Jul 28 10:09 GMT
GBP/CHF Elliott Wave Analysis
The British pound found renewed buying interest at 1.4467 (just misse... - Jul 28 10:05 GMT
EUR/USD Elliott Wave Analysis
Although the single currency fell briefly below previous support at 1... - Jul 27 09:13 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 28 10:15 GMT

Action Bias

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

Fundamental Analysis Reports

Pound/Dollar Continues To Recover Losses Following UK GDP Data
Jul 28 09:50 GMT, by ForexTime
The Pound/Dollar is continuing to recover from recent losses and is currently attempting to climb to a weekly high at 1.56, following the news that UK GDP growth matched estimates at an annualised 2....
Solid UK GDP Read Lifts GBP
Jul 28 09:48 GMT, by Swissquote Bank SA
According to data released today, the UK economy expanded by 0.7% q/q in line with market expectations. Following a soft patch of 0.4% in 1Q the growth is now trending closer to 2015 expectations. Th...
European Market Update: Q2 UK GDP Data Shows BoE Could Afford To Lay The Ground For Rate Hikes Ahead
Jul 28 09:44 GMT, by Trade The News
The GBP moved off session lows after UK Q2 advance GDP came in as expected. The data suggested that BoE could afford to lay the ground for rate hikes ahead. GBP/USD at 1.5575 ahead of the NY morning....
Gold Inches Up, Fed Meeting On The Radar
Jul 28 09:20 GMT, by ICN.com
Precious-Gold inched up on Tuesday trading, after falling near its lowest level since early 2010 on Monday, with investors keeping their eyes on the Federal Reserve meeting that starts today. The yel...
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 ...
All Daily Fundamental Reports >>

Technical Analysis Reports

USD Seems Strong - Looking At GBPUSD & USDJPY
Jul 28 08:54 GMT, by Elliott Wave Financial Service
With five waves down from 1.5670 and three waves up to 1.5593 we see bearish cable which could fall and retest lows from last week at 1.5465. We expect to see this level as long as market trades bene...
EUR/USD Is Bearish
Jul 28 08:27 GMT, by Dukascopy Swiss FX Group
Yesterday the pair has nearly reached the target level of 1.1150, but now there is very little hope the recovery is going to continue. The gains are expected to be capped by the falling resistance li...
GBP/USD On The Path Of Negating Last Week's Losses
Jul 28 08:26 GMT, by Dukascopy Swiss FX Group
Surprisingly, the Cable appreciated on Monday, even despite better-than-expected US fundamental data. The Sterling even attempted to reach the 1.56 major level, but stabilised at 1.5562, as it was pu...
USD/JPY Gives 124.00 Another Shot
Jul 28 08:25 GMT, by Dukascopy Swiss FX Group
The US Dollar completely ignored the positive fundamental data yesterday, as it declined against the Yen. The strong support cluster failed to hold the losses, as the USD/JPY dropped to a daily low i...
XAU/USD Hesitates To Leave 1,100
Jul 28 08:24 GMT, by Dukascopy Swiss FX Group
The bears are not as active as expected, but the outlook will remain negative as long as resistance at 1,100 is intact. We still expect the technical indicators to turn out correct by gold gaining st...
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...
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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