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Jul 29 12:42 GMT

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European Session: Orders and Options Watch
Jul 29 10:24 GMT, by ActionForex.com
EUR: The single currency continued to trade narrowly and further sideways trading is in store, buy orders are still noted at 1.3415-20, mixture of bids and stops is located at 1.3400 barrier, more buying interest is expected at 1.3370-80 and 1.3350. On the upside, offers are lowered to 1.3450-70, 1.3475-85 and 1.3500, more sell orders are tipped a...

Technical Outlook

AUD/USD Daily Outlook
AUD/USD's consolidation pattern from 0.9504 continued is still in progress and intraday bias remains neutral. More corr... - Jul 29 04:07 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains on the upside for the moment. Current development suggests that correction from 1.1278... - Jul 29 04:05 GMT
EUR/USD Daily Outlook
With 1.3486 minor resistance intact, deeper fall is expected in EUR/USD. Medium term trend could have reversed and thei... - Jul 29 04:02 GMT
GBP/USD Daily Outlook
Focus remains on 1.6952 support in GBP/USD. Decisive break there will argue that 1.7190 was already the medium term top... - Jul 29 03:59 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

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.8980
As the greenback has maintained a firm undertone after last week's rally above indicated previous resistance at 0.9037, adding cr... - Jul 29 11:35 GMT
Trade Idea Update: GBP/USD - Sell at 1.7050
Cable's near term sideways trading is expected to continue and although corrective bounce to 1.7000 cannot be ruled out, reckon 1... - Jul 29 11:33 GMT
Trade Idea Update: EUR/USD - Buy at 1.3400
As the single currency has remained under pressure, retaining our view that near term downside risk remains for recent decline fr... - Jul 29 11:31 GMT
Trade Idea Update: USD/JPY - Hold short entered at 101.70
Although dollar has risen again after brief pullback yesterday, reckon 102.00-05 would limit upside and bring retreat later, belo... - Jul 29 11:29 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/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
Trade Idea: EUR/GBP - Buy at 0.7855
Lack of follow through buying last week's breach of resistance at 0.7933 and the subsequent retreat from 0.7940 suggest near term... - Jul 28 14:41 GMT
Trade Idea: USD/CAD - Buy at 1.0770
The greenback has rallied on Friday and broke above previous resistance at 1.0794, adding credence to our view that low has been ... - Jul 28 14:34 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 29 12:35 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↓ DN- NE↓ DN↓ DN
USDJPY↑ UP↑ UP↑ UP- NE
GBPUSD↓ DN- NE↓ DN- NE
USDCHF↑ UP- NE↑ UP- NE
USDCAD↑ UP↑ UP↑ UP- NE
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Fundamental Analysis Reports

Gold Firm as Markets Eye Fed Policy Meeting
Jul 29 12:39 GMT, by MarketPulse
Gold is steady on Tuesday, as the spot price stands at $1307.47 late in the European session. On the release front, it's another quiet day, highlighted by CB Consumer Confidence. The markets are expe...
FX Plays Safe Ahead of FOMC, GDP
Jul 29 11:50 GMT, by MarketPulse
Investors appear to be positioning themselves conservatively ahead of the first reading of Q2's US GDP tomorrow. It's no surprise that there is very little movement in the major currency pairs before...
European Market Update: German 10-Year Bund Yield To Record Low Level
Jul 29 10:05 GMT, by Trade The News
German 10-year Bund yield hit a record low below 1.12% in the session. Dealers noted that safe-haven flows and month-end extension s contributed to price action. Fresh jitters emerged over Portuguese...
UK Mortgage Approvals Rise To 4-Month High In June
Jul 29 09:54 GMT, by ICN.com
The number of mortgage approvals in the United Kingdom rose to the highest level in four months in June, an indication to a growing housing market amid the Bank of England's efforts to hike borrowing...
EUR/USD – Listless As Markets Eye FOMC Statement, Employment Data
Jul 29 09:32 GMT, by MarketPulse
EUR/USD continues to show very little activity on Tuesday, as the pair trades in the mid-1.34 range in the European session. On the release front, it's another quiet day, with just one Eurozone relea...
Zoom Into Australia's Housing Market And The Aussie
Jul 29 09:20 GMT, by Swissquote Bank SA
The rising house prices are under the scope of lawmakers in the majority of G10 countries. The troubling expansion of mortgage markets is mostly due to low-rate policies and lead to significantly hig...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Jul 29 09:58 GMT, by DeltaStock Inc.
The overall outlook here remains bearish, for a slide through 1.3380, en route to 1.3280 support zone. Initial minor resistance lies at 1.3450, followed by the major one at 1.3502.
Dollar/Yen At Three Week High, Touching 102
Jul 29 09:27 GMT, by ZIFX.com
On Monday Dollar/Yen traded within small 15 pip range. The currency couple appreciated from 101.74 to 101.91 yesterday, matching the positive money flow sentiment at over +10%, closing the day at 101...
Technical Analysis for Major Currencies
Jul 29 09:12 GMT, by ICN.com
The pair was trading within a thin range yesterday, limited below 1.3480, stability below of which will keep bearishness in favor. The pair eyes a test of 50% Fibonacci correction at 1.3375 areas; ou...
Technical Analysis for Crosses
Jul 29 09:11 GMT, by ICN.com
Market has been trapped within a narrow range since the opening of this week, while prices continue to flirt with 173.00 regions. The two levels to watch reside at 172.50 and 174.25. Downside target ...
Today's Market Outlook
Jul 29 09:02 GMT, by Windsor Brokers Ltd
The Euro maintains overall negative tone and posts new low at 1.3420, Fibonacci 138.2% expansion of the third wave from 1.3699, 01 July. Near-term narrow range consolidative action is under way and s...
EUR/USD To Stay Below 1.35
Jul 29 08:51 GMT, by Dukascopy Swiss FX Group
Right now this week appears to be quiet in terms of volatility, but this should change before the weekend. In any case, the currency pair is expected to be capped by 1.3530/00. Accordingly, the bias ...
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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