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Jul 30 07:01 GMT

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Daily Report: Dollar Firm ahead of ADP, GDP and then FOMC
Jul 30 04:00 GMT, by ActionForex.com
Dollar stays firm and maintains yesterday gain as markets are waiting for some important events today, including employment data, GDP and FOMC. The dollar index breached 81.20 overnight and is hovering around that level for the moment. So far this week, Kiwi and Loonie are the weakest currencies followed by yen. Meanwhile, performance of Euro isn'...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for 61.8% projection of 1.3993 to 1.3502 from 1.3700 at 1.3397. As not... - Jul 30 04:59 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for the moment. The break of 1.6952 support is taken as a signal of me... - Jul 30 04:43 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside. Current rally from 0.8698 is still in progress for 0.9156 key resistanc... - Jul 30 04:40 GMT
USD/JPY Daily Outlook
Intraday bias in USD?JPY remains on the upside for 102.26 resistance. As noted before, the choppy fall from 102.79 has ... - Jul 30 04:37 GMT

Special Reports

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 ...
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...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9010
As the greenback has surged again after brief pullback, adding credence to our bullishness for the erratic rise from 0.8699 low t... - Jul 29 15:45 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.7000
As the British pound has fallen again after meeting renewed selling interest at 1.7001, adding credence to our view that the fall... - Jul 29 15:41 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.3400
Although the single currency has fallen again and near term downside risk remains for recent decline from 1.3993 top to extend on... - Jul 29 15:37 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
The greenback has risen again on dollar's broad-based strength and near term upside risk remains for test of previous resistance ... - Jul 29 15:30 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound met renewed selling interest just below the Tenkan-Sen (... - Jul 29 08:10 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback finally broke above previous resistance at 0.9037, justifyin... - Jul 29 08:08 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency continued to head south in line with our bearish expec... - Jul 28 07:21 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7855
Despite last week's brief breach of resistance at 0.7933, lack of follow through buying and the subsequent retreat from 0.7940 su... - Jul 29 15:21 GMT
Trade Idea: USD/CAD - Buy at 1.0770
The greenback has surged again today after breaking above previous resistance at 1.0794 earlier, adding credence to our view that... - Jul 29 15:17 GMT
Trade Idea: EUR/JPY - Hold long entered at 136.70
Euro's near term sideways trading is expected to continue and although price retreated from 137.25, as long as last week's low at... - Jul 29 08:29 GMT
Trade Idea: AUD/USD - Stand aside
Although the Australian dollar has retreated after last week's stronger-than-expected rebound to 0.9472 and consolidation with mi... - Jul 29 08:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/CHF Elliott Wave Analysis
Although the British pound edged higher again to 1.5433 last week and... - Jul 29 08:54 GMT
GBP/USD Elliott Wave Analysis
Although the British pound has retreated after rising to 1.7192 earli... - Jul 29 08:38 GMT
USD/JPY Elliott Wave Analysis
Dollar's rebound after holding above support at 101.07 has retained o... - Jul 28 09:50 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 30 06:55 GMT

Action Bias

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

Fundamental Analysis Reports

Dollar Steadily Higher Ahead Of The Fed Decision
Jul 30 06:56 GMT, by KBC Bank
The dollar extended recent gains as markets ponder the chances for a more hawkish Fed. At the same time, record low EMU bond yields weigh on in the euro. EUR/USD is nearing the 1.34 big figure. Will ...
USDJPY Makes A Run For It
Jul 30 06:51 GMT, by Forex.com
A string of disappointing Japanese economic data and widespread US dollar strength has helped to push USDJPY through an important resistance line. Strong US economic data is helping to fuel dollar st...
New Zealand Dollar Looks To Turn
Jul 30 06:46 GMT, by Blackwell Global
The New Zealand dollar has taken an absolute beating as of late, as markets thrashed it in the wake of Reserve Bank of New Zealand (RBNZ) comments and weak commodity data. This was further confirmed ...
Silver Stuck In Descending Wedge
Jul 30 06:44 GMT, by Blackwell Global
After a strong touch on the bearish trend line silver has looked to range back downwards in a descending wedge, and that’s not surprising given that markets are starting to look up at the U.S dollar....
S&P Eyes Fresh Highs On News
Jul 30 06:43 GMT, by Blackwell Global
The S&P 500 index currently following an upward sloping wedge as the price moves north in an ever tightening band. It looks to have just bounced off the trend line and will target fresh all-time ...
Euro Stubborn Ahead Of Critical Data
Jul 30 06:20 GMT, by Dukascopy Swiss FX Group
There is always a clam before the storm. The most traded currency couple was unshakable on Tuesday, trading in a very narrow range for the second straight session. The pair was kept quiet on Tuesday ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Jul 30 06:11 GMT, by Varengold Bank
GBP has appreciated 10.5 percent against the dollar in the past year, the most among 31 major currencies tracked by Bloomberg. Against a basket of nine other developed-market peers, it has gained 11....
The Daily Wave Analysis
Jul 30 04:40 GMT, by Admiral Markets
A bearish momentum could be part of a bigger ABC (magenta) or a wave 3 (blue), which will depend on how slow or fast price retraces back up. In the 1st case a wave 3 is more likely; in the latter an ...
Euro At Eight Month Low Ahead Of FOMC Meeting
Jul 30 04:34 GMT, by ZIFX.com
On Tuesday Euro/Dollar decreased with 40 pips. The European currency depreciated from 1.3445 to 1.3403 yesterday, matching the negative money flow sentiment at under -12%, closing the day at 1.3406. ...
Foreign Exchange Market Commentary
Jul 30 03:52 GMT, by HY Markets
THE EURO closed lower on Tuesday. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish sign...
Market Morning Briefing
Jul 30 03:33 GMT, by Kshitij Consultancy Services
Euro (1.3411) is testing the 200 week MA and the FOMC decision today may decide if it will hold or not right now though Euro looks ready for a journey to 1.33 or 1.31 in the next few days. Any attemp...
One To Watch: NZDJPY Breaks Its Long-Term Upward Trend Line
Jul 30 03:12 GMT, by Forex.com
The New Zealand dollar has had a terrible month and is the worst performing currency against the US dollar amongst its G10 counterparts. NZDUSD and NZDJPY have fallen around 3% and 2.5% in the last m...
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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