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European Session: Orders and Options Watch
Jul 22 08:19 GMT, by ActionForex.com
EUR: The single currency met selling interest at 1.3530 and has retreated in European morning, offers are still seen at 1.3530-45 and 1.3555-60, more sell orders are located at 1.3570-80 (stops above) and 1.3600-10, selling interest should emerge around 1.3640-55 area. On the downside, bids remain at 1.3500 and 1.3485 (sizeable stops below both le...

Technical Outlook

GBP/JPY Daily Outlook
At this point, deeper decline is still in favor in GBP/JPY for 172.36 support. Break there will confirm near term rever... - Jul 22 06:35 GMT
EUR/JPY Daily Outlook
With 137.49 minor resistance intact, further fall is expected in EUR/JPY. The cross is in the third leg of the pattern ... - Jul 22 06:32 GMT
EUR/AUD Daily Outlook
EUR/USD's consolidation from 1.4358 is still in progress and intraday bias remains neutral. The larger fall from 1.5831... - Jul 22 06:30 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment and consolidation from 0.7888 could extend. With 0.7980 minor r... - Jul 22 06:27 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 : USD/CHF - Stand aside
Dollar's near term sideways trading is likely to continue and only break of indicated resistance at 0.9013 would signal early err... - Jul 22 07:35 GMT
Trade Idea: GBP/USD - Sell at 1.7140
Cable's near term sideways trading is likely to continue and still reckon last week's low at 1.7036 would limit downside and near... - Jul 22 07:30 GMT
Trade Idea: EUR/USD - Sell at 1.3570
Euro has retreated after meeting resistance at 1.3549 yesterday and consolidation would be seen, however, only break of Friday's ... - Jul 22 07:22 GMT
Trade Idea: USD/JPY - Sell at 101.65
Although the greenback has risen again and near term upside risk remains for the rebound from 101.09 to extend gain to 101.65-70,... - Jul 22 07:15 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/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
Trade Idea: EUR/GBP - Buy at 0.7860
Although the single currency recovered after finding support at 0.7889 last week, reckon upside would be limited to 0.7950 and ne... - Jul 21 14:10 GMT
Trade Idea: USD/CAD - Stand aside
Although the greenback has rebounded after finding support at 1.0709 on Friday, a firm break above last week's high of 1.0794 is ... - Jul 21 14:04 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 22 09:10 GMT

Action Bias

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

Fundamental Analysis Reports

UK Budget Deficit Little Changed In June On Soar In Revenues, Spending
Jul 22 09:06 GMT, by ICN.com
U.K. budget deficit was slightly changed last month as both tax receipts and government spending soared. Net borrowing reached 11.4 billion pounds compared with 11.5 billion pounds a year earlier. An...
Credit Suisse Posts Largest Loss Since 2008, Hit By US Settlement
Jul 22 09:05 GMT, by ICN.com
Credit Suisse on Tuesday posted a steep loss after settling an investigation with the authorities in the United States in May for $2.6 billion. Shares fell about 1.7 percent in early trading in Switz...
Daily FX Analysis
Jul 22 08:54 GMT, by Investica
There was a lack of fresh incentives during the European session on Monday with a decline in Italian industrial orders the only minor economic data release on offer, although a sharp monthly decline ...
Corn Near 4-Year Low As Good Weather In The US Increases Supply
Jul 22 08:54 GMT, by Easy Forex
The euro (EUR) dropped yesterday down to 1.3512 against the US dollar (USD). The single currency has formed its resistance at 1.3545 and support at 1.3500 while edging lower.
Euro Trades Higher Despite Weak German PPI
Jul 22 08:33 GMT, by Dukascopy Swiss FX Group
The single European currency advanced 0.15% on Monday and was changing hands around 1.3539 at the time of writing, erasing some of the losses that were logged during the last 20 trading days. Moreove...
Q2 Earnings Are Coming
Jul 22 08:32 GMT, by Dukascopy Swiss FX Group
Everyone starting from the ordinary U.S. consumer and up to the Federal Reserve is hoping the second quarter growth will surprise markets to the upside and will be able to offset first quarter's nigh...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Jul 22 09:10 GMT, by DeltaStock Inc.
The reliable resistance at 1.3550 is still intact and the outlook is undoubtedly bearish, for a slide towards 1.3400 area. Initial resistance lies at 1.3512, followed by 1.3550. Crucial on the upside...
Today's Market Outlook
Jul 22 09:02 GMT, by Windsor Brokers Ltd
The Euro continues to trade in consolidative mode above 1.35 base / main bull-trendline off 1.2042 low, strong support which was cracked last Friday, on a spike lower to 1.3489. The pair failed to su...
EUR/USD Looks Too Heavy To Rise
Jul 22 08:03 GMT, by Dukascopy Swiss FX Group
A rally after a test of 1.35 turned out to be quite shallow, as the currency pair was sold of as soon as it approached the monthly S1 and up-trend line. As a result, right now EUR/USD seems to be mor...
GBP/USD Is Looking For Support At 1.7042
Jul 22 08:02 GMT, by Dukascopy Swiss FX Group
The resistance at 1.74 remains a viable target, given the signals of the monthly technical indicators (four are bullish and four are neutral). However, the support at 1.7042 (2009 high) has to preven...
USD/JPY Continues To Advance
Jul 22 08:01 GMT, by Dukascopy Swiss FX Group
USD/JPY is currently moving away from its key support. If this bullish tendency is preserved, the pair is going to re-visit a tough supply area at 101.83/73 in the nearest future, which has recently ...
USD/CHF Stalls At Monthly R1
Jul 22 08:00 GMT, by Dukascopy Swiss FX Group
At the moment USD/CHF is standing still below the monthly R1 and the resistance line at 0.90. Considering the previous experience at this level and the ‘sell' signals of the monthly technical studies...
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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