Jul 23 07:48 GMT


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Action Insight

Daily Report: Euro Stays Weak as Imposes New Sanctions on Russia
Jul 23 04:18 GMT, by
Euro stays generally weak as EU agreed to impose new sanctions on Russian officials for the suspected role in downing a Malaysia Airline jet over eastern Ukraine last week. EU ministers agreed to draft a new set of names that provide financial or material support to Russia's decision makers. And, they warned of further actions if there is no fu...

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 23 06:23 GMT
EUR/JPY Daily Outlook
EUR/JPY's decline continues and reaches as low as 136.45 so far. Intraday bias remains on the downside. The cross is in... - Jul 23 06:21 GMT
EUR/AUD Daily Outlook
EUR/AUD's decline resumed by taking out 1.4358 support and reaches as low as 1.4259 so far. Intraday bias is back on th... - Jul 23 06:12 GMT
EUR/GBP Daily Outlook
The break of 0.7888 indicates resumption of recent down trend in EUR/GBP. Intraday bias is back on the downside. Curren... - Jul 23 06:08 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

Candlesticks Intraday Trade Ideas

Trade Idea: 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 07:42 GMT
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
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/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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Last Updated: Jul 23 07:40 GMT

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Fundamental Analysis Reports

U.K. Government Off The Course
Jul 23 07:41 GMT, by Dukascopy Swiss FX Group
It seems that not everything is perfect in the U.K. While Friday's GDP report is expected to show the economy is now the fastest growing among other G7 countries, the latest budget showed a bigger de...
Draghi Cannot Affect Euro's Performance?
Jul 23 07:28 GMT, by Dukascopy Swiss FX Group
Since November 2013, when Mario Draghi slashed the minimum bid rate to 0.25% expectations for a fresh easing have been heating up till June 2014. However, it seems that investors have already lost th...
Dollar Around 8-Month High After Inflation
Jul 23 07:27 GMT, by Dukascopy Swiss FX Group
Inflation data from the world's largest economy was not expected to provide a significant impact on financial markets. Moreover, keeping in mind strong support at 1.35– the reaction should have been ...
AUD Gains On Inflation, BoE Minutes In Focus
Jul 23 07:16 GMT, by Swissquote Bank SA
The Australian CPI accelerated at the slower pace of 0.5% in the second quarter (vs. 0.7% exp.), the CPI y/y advanced to 3.0% as expected. AUD/USD cleared resistance pre- 0.9400 (21-dma) and rallied ...
Euro On The Defensive
Jul 23 07:05 GMT, by KBC Bank
Euro weakness was the theme yesterday. Fundamentals and technical elements conspired against the euro. EUR/USD and EUR/GBP set a new 2014 low, while EUR/JPY is approaching such level. At last a weake...
Inflation Heats Up In Australia, Kills Calls For Another Rate Cut
Jul 23 06:54 GMT, by
Suring consumer prices in Q2 have severely, likely fatally, damaged the case for another cut to the official cash rate in Australia this year. Core CPI is running significantly hotter than the market...
All Daily Fundamental Reports >>

Technical Analysis Reports

Cable Firm Above 1.705 Ahead Of BoE Minutes
Jul 23 07:23 GMT, by
On Tuesday Pound/Dollar decreased with 40 pips. The Cable depreciated from 1.7084 to 1.7041 yesterday, in line with the negative money flow sentiment at around -10%, closing the day at 1.7062. Today ...
EUR/USD Breaks 1.35
Jul 23 07:14 GMT, by Dukascopy Swiss FX Group
As long as the support at 1.7054/19 remains intact, there is a good chance the bullish momentum of the Cable is going to be restored and the rate will eventually rise up to 1.74. Conversely, if this ...
GBP/USD Backed Up By 2009 Highs
Jul 23 07:13 GMT, by Dukascopy Swiss FX Group
As long as the support at 1.7054/19 remains intact, there is a good chance the bullish momentum of the Cable is going to be restored and the rate will eventually rise up to 1.74. Conversely, if this ...
USD/JPY Heads Towards Monthly Pivot Point
Jul 23 07:12 GMT, by Dukascopy Swiss FX Group
The U.S. Dollar continues to strengthen against the Yen and is about to touch one of the main resistances that lie overhead. Even if USD/JPY overcomes the initial supply zone, created by the monthly ...
USD/CHF Closes Above 0.90
Jul 23 07:11 GMT, by Dukascopy Swiss FX Group
Despite the resistance at 0.90 that stopped strong advancement of USD/CHF in May, USD/CHF managed to rally above this level yesterday. Accordingly, we may now look at the 2014 high (0.9156) as a pote...
Daily FX Report
Jul 23 06:02 GMT, by Varengold Bank
Due to a divergence in borrowing costs and monetary policies between Europe and the U.S., the USD reported additional wins versus the EUR and advanced to the highest in eight months. The USD apprecia...
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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 ...
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