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Jul 28 05:47 GMT

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Daily Report: Yen Mildly Lower as Stocks Selloff Stabilized, UK GDP in Focus
Jul 28 05:03 GMT, by ActionForex.com
Yen is mildly lower against other major currencies as Asian equities recovered from a three week low. This week's selloff as triggered by another rout in China seems to have temporarily stabilized. The MSCI Asia Pacific, outside Japan, index dropped as much as -0.8% earlier today. Nikkei is also nearly flat at the time of writing after dropping to...

Technical Outlook

GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Another rise is mildly in favor 1.5450 minor support holds. Ab... - Jul 28 05:43 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for consolidation below 0.9648 temporary top. As long as 0.9401 support holds,... - Jul 28 05:41 GMT
USD/JPY Daily Outlook
At this point, USD/JPY is still holding above 122.91 minor support and intraday bias stays neutral first. Break of 122.... - Jul 28 05:38 GMT
EUR/GBP Daily Outlook
EUR/GBP is still limited below 0.7223 resistance and intraday bias stays neutral. Deeper decline is still expected as l... - Jul 28 05:31 GMT

Special Reports

Watch For Forward Guidance In July FOMC Statement
Jul 27 17:26 GMT
The upcoming FOMC meeting in July would be in focus, as the market watches clos...
China PMI Fell To Lowest Level In 15 Months
Jul 24 07:38 GMT
After HSBC terminated its PMI survey for China*, the newly renamed Caixin-Marki...
RBNZ Cut OCR To 3%, Suggesting More Easing To Come
Jul 23 05:04 GMT
The RBNZ adopted rate cut for a second consecutive month in July, taking the OC...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9600
Although the greenback fell to 0.9531 earlier today, as dollar has rebounded after holding above previous support at 0.9526, sugg... - Jul 27 16:05 GMT
Trade Idea Wrap-up: GBP/USD - Hold short entered at 1.5580
As the British pound has rebounded after finding support at 1.5467 on Friday, suggesting near term upside risk remains and margin... - Jul 27 16:00 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.1020
Euro's intra-day rally after breaking resistance at 1.1018 signals the rise from last week's low of 1.0809 is still in progress a... - Jul 27 15:45 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 123.55
As the greenback has remained under pressure after breaking previous support at 123.57-60 (now resistance), retaining our bearish... - Jul 27 15:37 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Despite falling to 1.0809 last week, lack of follow through selling on bre... - Jul 27 08:14 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback rose again after brief retreat to 122.92, as price ... - Jul 27 07:57 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound finally found support at 1.5330 last week and has reboun... - Jul 14 09:10 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Target met and buy at 0.7070
The single currency did resume recent decline in line with our bearish expectations, our short position entered at 0.7130 met tar... - Jul 27 14:57 GMT
Trade Idea: USD/CAD - Buy at 1.2900
As the greenback rallied after brief pullback, suggesting recent wave iii is still in progress and bullishness remains for furthe... - Jul 27 14:45 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency has jumped again after staging a rebound from last week's low of 134.33 and near term upside risk re... - Jul 27 09:31 GMT
Trade Idea: AUD/USD - Sell at 0.7555
As aussie has remained under pressure after meeting renewed selling interest at 0.7449 last week, bearishness remains for recent ... - Jul 27 09:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency fell briefly below previous support at 1... - Jul 27 09:13 GMT
USD/JPY Elliott Wave Analysis
As the greenback staged a strong rebound after finding renewed buying... - Jul 27 09:04 GMT
GBP/USD Elliott Wave Analysis
The British pound finally found good support at 1.5330 last week and ... - Jul 14 10:52 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 28 05:40 GMT

Action Bias

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

Fundamental Analysis Reports

China Bears Resume Mauling Stocks, Beijing Steps In
Jul 28 05:37 GMT, by Forex.com
It has been a horrid start to the week for China's equity markets as the market doubts the ability of Beijing to prevent a rout. The Shanghai Composite recorded its second largest sell-off in history...
Asian Market Update: Volatility Continues As China's CSRC Looks To Contain Damage
Jul 28 05:35 GMT, by Trade The News
Shanghai Composite opened down by over 4% and extended those declines above 5% to new 2-week lows in the opening hour, but has pared most of those losses and entered midday break down just 1%. Policy...
EUR/USD: Euro Trading Lower In The Asian Session
Jul 28 05:27 GMT, by GCI Financial
The pair is expected to find support at 1.1007, and a fall through could take it to the next support level of 1.0935. The pair is expected to find its first resistance at 1.1141, and a rise through c...
GBP/USD: Pound Trading Marginally Higher Ahead Of UK's Q2 GDP Growth Data
Jul 28 05:24 GMT, by GCI Financial
The pair is expected to find support at 1.5505, and a fall through could take it to the next support level of 1.5444. The pair is expected to find its first resistance at 1.5611, and a rise through c...
USD/CAD: Loonie Trading Higher This Morning
Jul 28 05:23 GMT, by GCI Financial
The pair is expected to find support at 1.2986, and a fall through could take it to the next support level of 1.2947. The pair is expected to find its first resistance at 1.3056, and a rise through c...
AUD/USD: Aussie Trading Higher This Morning
Jul 28 04:46 GMT, by GCI Financial
The pair is expected to find support at 0.7261, and a fall through could take it to the next support level of 0.7224. The pair is expected to find its first resistance at 0.7331, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Outlook And Review
Jul 28 04:57 GMT, by IC Markets
Following the open at 1.0978 the EUR currency saw a strong wave of bids come into the market, erasing both the 4hr supply area at 1.1034-1.1000 and the round number 1.1100, which ended with price bei...
US Dollar Breaks Support And Corrects Lower
Jul 28 04:40 GMT, by Admiral Markets
The EUR/USD broke the most recent top again and has closed with yet another higher high. The break of the next resistance line (red) could indicate the potential continuation.
Market Morning Briefing
Jul 28 03:47 GMT, by Kshitij Consultancy Services
Dollar-Yen (123.40) has risen after testing 122.98 yesterday. As mentioned yesterday the support near 122.90 may hold for the coming sessions pushing prices back towards 124. However, a break below 1...
Daily Technical Analysis
Jul 28 03:33 GMT, by FX Instructor
The EURUSD had a bullish momentum yesterday topped at 1.1128. As you can see on my H1 chart below price broke above the trend line resistance suggests a bullish outlook. The bias remains bullish in n...
Australia 200 – Looking Down Towards Support At 5400 Again
Jul 28 02:38 GMT, by MarketPulse
A few weeks ago the ASX200 enjoyed a solid resurgence back up from support at 5400 to a new three week high above 5650, however over the last week it has met resistance around 5650 and been forced lo...
AUD/USD – Struggling Below 0.73
Jul 28 02:38 GMT, by MarketPulse
The Australian dollar has fallen sharply over the last month which has culminated in a new six year low below 0.7300 to close out last week. It is presently trading just below 0.73 and consolidating ...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
When Will the Bank of England Hike Rates?
Aug 16 08:33 GMT, by Wells Fargo Securities
In the first report of a two-part series on the outlook for Bank of England (BoE) monetary policy, ...
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...
All Long Term Forecasts >>
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