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Jul 23 13:43 GMT

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Mid-Day Report: Sterling Dips after BoE Minutes, Dollar Mixed
Jul 23 13:11 GMT, by ActionForex.com
Overall, Euro remains the weakest current this week, followed closely by Swiss franc. Sterling lost much ground after BoE minutes and is the weakest currency for today. While the greenback strengthened against Euro and Sterling, but it weakened aginast others. Aussie was lifted earlier today by inflation data and Kiwi is recovered from recent lost...

Technical Outlook

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Sustained trading below 1.3476 key support will carry ... - Jul 23 13:24 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the upside for 0.9036 resistance. Break there will confirm resumption of whole rise... - Jul 23 13:22 GMT
USD/JPY Mid-Day Outlook
The choppy decline from 102.79 could extend lower and could break 101.06 support. However, we don't see enough momentum... - Jul 23 13:20 GMT
GBP/USD Mid-Day Outlook
GBP/USD's correction from 1.7190 extends lower today and reaches 1.7023 so far. Intraday bias remains on the downside f... - Jul 23 13:12 GMT

Special Reports

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...
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...
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 maintained a firm undertone after breaking indicated resistance at 0.9013, adding credence to our view tha... - Jul 23 13:31 GMT
Trade Idea Update: GBP/USD - Sell at 1.7140
  As the British pound has fallen again after intra-day brief bounce to 1.7095, suggesting the decline from 1.7192 is still in p... - Jul 23 13:27 GMT
Trade Idea Update: EUR/USD - Sell at 1.3545
As the single currency has continued to move lower after breaking indicated previous support at 1.3477, adding credence to our ... - Jul 23 13:23 GMT
Trade Idea Update: USD/JPY - Sell at 101.70
This week's rebound from 101.20 suggests further consolidation above indicated support at 101.07-09 would be seen and near term... - Jul 23 13:20 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
AUD/USD Candlesticks and Ichimoku Analysis
Aussie's met renewed selling interest at 0.9457 and has retreated again,... - Jul 23 07:27 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did find renewed buying interest at 1.7060 last... - Jul 22 06:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Sell at 137.35
As the single currency has fallen again after meeting renewed selling interest at 137.34 yesterday, adding credence to our bear... - Jul 23 09:29 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9400
As the Australian dollar has rebounded again today after the release of higher-than-expected CPI data, dampening our bearishnes... - Jul 23 09:22 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie has rebounded again after holding above indicated p... - Jul 23 10:30 GMT
EUR/CAD Elliott Wave Analysis
  The single currency met renewed selling interest at 1.4653 last we... - Jul 23 09:59 GMT
GBP/USD Elliott Wave Analysis
As the British pound has retreated after last week's marginal rise to... - Jul 22 08:44 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 23 13:35 GMT

Action Bias

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

Fundamental Analysis Reports

Bank of England to Markets: "Hold Your Horses"
Jul 23 12:42 GMT, by Forex.com
The minutes from the BOE meetings have become the most important way for the market to gauge the Bank's sentiment and make predictions about its next move. After feeling pretty confident in recent we...
RBNZ Bulls Not Affected By Dairy Prices
Jul 23 11:53 GMT, by MarketPulse
Capital Markets require rate divergence for sustainable volatility, which in turn drives greater investor interest, more volatility and so on. The market just wants price movement. To date, Central B...
USD/JPY - Little Movement Ahead of Key Japanese, US Data
Jul 23 11:52 GMT, by MarketPulse
USD/JPY continues to have an uneventful week, as the pair continues to trade in the mid-101 range late in the European session. On the release front, it's a quiet day, with just two events on the sch...
EUR/USD: Sagging Euro Drops To 8 Month Low
Jul 23 11:24 GMT, by MarketPulse
EUR/USD is under pressure on Wednesday, as the pair trades in the mid-1.34 range in the European session. The euro has slipped to its lowest level since November, and has slipped over 200 points in J...
European Stocks Extend Climb As Earnings Overshadow Ukraine Caution
Jul 23 11:16 GMT, by ICN.com
European stocks indices advanced on Wednesday tracking gains in Wall Street and Asia, while solid corporate earnings news by Dutch paints and chemicals firm AkzoNobel, Daimler AG and the Finnish tech...
European Market Update: BOE July Minutes Did Not Cast Any Dissenting Votes On Rates
Jul 23 10:09 GMT, by Trade The News
Dealers noted that the gradual widening in interest rate differentials between US/Europe gave the greenback an advantage. The premium offered by two-year U.S. Treasuries over German debt has widened ...
All Daily Fundamental Reports >>

Technical Analysis Reports

EURGBP: 2012 Low in Sight?
Jul 23 12:06 GMT, by Forex.com
The pound fell back this morning after the Bank of England's last policy meeting minutes revealed the MPC was a lot less hawkish than some had anticipated. For example, there were warnings that the o...
Technical Outlook - Important EUR and GBP Pairs
Jul 23 12:00 GMT, by Admiral Markets
On Tuesday, the pair reversed from a short-term descending trend-channel resistance and dropped to a fresh 2014 lows. Subsequently on Wednesday, the pair continued with its weakening trend to test th...
Technical Outlook: Important NZD Pairs
Jul 23 11:56 GMT, by Admiral Markets
Yesterday, the NZDUSD again plunged to the multiple support zone of 0.8655 - 0.8645; however, the pair reversed from the support range during the early hours of today. The Descending trend line on th...
Forex Technical Analysis
Jul 23 10:19 GMT, by DeltaStock Inc.
The intraday bias is slightly bearish, but I favor a reversal for a break through 101.43 minor resistance, en route to 101.85 area. Crucial on the downside is 101.19.
Dollar/Yen Turns Around, Remaining In Narrow Scope
Jul 23 10:01 GMT, by ZIFX.com
On Tuesday Dollar/Yen traded within 30 pip range. The currency couple depreciated from 101.62 to 101.44 yesterday, not matching the positive money flow sentiment at above +8%, closing the day at 101....
Technical Analysis for Major Currencies
Jul 23 09:48 GMT, by ICN.com
The pair dropped and achieved the first daily closing since February 2014 below 1.3520. A break below the referred to level according to Fibonacci rules is negative, as it favors extending the downsi...
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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