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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 Wrap-up: 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 15:33 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.7140
As the British pound has remained under pressure after falling from last week's high of 1.7192, retaining our view that a tempora... - Jul 22 15:29 GMT
Trade Idea Wrap-up: 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 15:25 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 101.70
As the greenback has rebounded again after intra-day brief retreat to 101.33 (just held around the upper Kumo), retaining our vie... - Jul 22 15:22 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 23 03:35 GMT

Action Bias

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

Fundamental Analysis Reports

Australia's CPI Exceed Estimates In Q2
Jul 23 02:42 GMT, by ICN.com
Australia's core inflation exceeded analysts' estimates during the second quarter of the year, following policy makers' decision to adopt a neutral interest rate stance. RBA's trimmed mean consumer p...
Australian CPI Inflation Deflates Calls For A Rate Cut
Jul 23 02:13 GMT, by ThinkForex
Until today's release the Aussie had lacked both volatility and direction, btu following today's positive inflation data the Assie is now trading at a 9-day highs and appears set to test 0.945. Howev...
GBP/USD: Pound Under Pressure As UK Industrial Expectations Tumbles
Jul 23 01:19 GMT, by MarketPulse
GBP/USD has posted slight losses on Tuesday, continuing the downward trend which started late last week. In the North American session, the pair is trading in the mid-170 range. On the release front,...
BOE Minutes Preview: Real Wages Are Really Important
Jul 23 01:13 GMT, by Forex.com
Trade in GBPUSD has been undeniably lackluster to start this week, with rates contained to just a 60-pip range thus far, but volatility in the GBPUSD will almost certainly pick up substantially headi...
Boom - Stocks And The US Dollar Rally, Euro Sinks And The Aussie Is Poised
Jul 23 01:08 GMT, by Vantage FX
Boom - that was a big night overnight after the solid lead in from Asia and reduction in tensions saw buyers take the upper hand in European and US stock markets. The US dollar was also stronger and ...
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...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Jul 23 03:32 GMT, by Kshitij Consultancy Services
Euro (1.3462) has broken down below 1.3475 as it trades at an 8 month low. Right now, it is tottering at the monthly trendline support at 1.3450, below which the door to 1.33 and 1.31 opens up. Expec...
AUD/USD – Runs Into Resistance At 0.9425 Yet Again
Jul 23 01:23 GMT, by MarketPulse
The Australian dollar is presently trading in a small range just below 0.94 after surging higher to the well established resistance level at 0.9425 and being rejected again in recent hours. It has st...
Australia 200 – Easing Away From Resistance At 5550
Jul 23 01:20 GMT, by MarketPulse
The Australia 200 Index has found a new key level to deal with in recent weeks as it has been able to consistently move through the 5500 level however it has now run into a short term resistance leve...
Daily Forex Update: GBP/NZD
Jul 23 01:15 GMT, by Autochartist
GBP/NZD continues to rise after the recent breakout of the daily Triangle chart pattern. GBP/NZD is expected to rise to the target level 1.9910 in the next 4 trading days. Autochartist set the stop-l...
GBP/USD Upward Trend Still Intact, But Bulls Need To Show Presence Pretty Soon
Jul 23 01:12 GMT, by Forex.com
About a month ago now, we took a long-term view on the GBP/USD and suggested that there could be significant gains on the way for the currency pair. At the time, the Cable had just breached 1.7040/5 ...
Time to Get Interested in NZDUSD?
Jul 22 15:09 GMT, by Forex.com
We have mentioned for a while now that the G10 FX market is starting to get interested in relative yield differentials. On the back of this theme, we think that the NZD could rally against the USD in...
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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