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Jul 30 02:57 GMT

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Mid-Day Report: Dollar Extends Rally, Firm on Strong Consumer Confidence
Jul 29 14:15 GMT, by ActionForex.com
Dollar strengthens against other major currencies today and the rally accelerates after strong confidence data. Conference Board consumer confidence jumped to 90.9 in July versus expectation of 85.5. That's also the highest level since October 2007. S&P Case-Shiller 20 cities house price rose 9.3% yoy, missing expectation of 9.8% yoy but was i...

Technical Outlook

EUR/USD Mid-Day Outlook
EUR/USD's decline extends in early US session and intraday bias remains on the downside. Medium term trend could have r... - Jul 29 13:36 GMT
GBP/USD Mid-Day Outlook
GBP/USD's fall extends in early US session and the break of 1.6952 support is taken as a signal of medium term reversal... - Jul 29 13:32 GMT
USD/CHF Mid-Day Outlook
USD/CHF's rally extends in early US session and reaches as high as 0.9062 so far. The rally from 0.8698 is still in pro... - Jul 29 13:25 GMT
USD/JPY Mid-Day Outlook
USD/JPY's rise extends in early US session and reaches as high as 102.11 so far. Intraday bias remains on the upside fo... - Jul 29 13:22 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

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9010
As the greenback has surged again after brief pullback, adding credence to our bullishness for the erratic rise from 0.8699 low t... - Jul 29 15:45 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.7000
As the British pound has fallen again after meeting renewed selling interest at 1.7001, adding credence to our view that the fall... - Jul 29 15:41 GMT
Trade Idea Wrap-up: EUR/USD - Buy at 1.3400
Although the single currency has fallen again and near term downside risk remains for recent decline from 1.3993 top to extend on... - Jul 29 15:37 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
The greenback has risen again on dollar's broad-based strength and near term upside risk remains for test of previous resistance ... - Jul 29 15:30 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/GBP - Buy at 0.7855
Despite last week's brief breach of resistance at 0.7933, lack of follow through buying and the subsequent retreat from 0.7940 su... - Jul 29 15:21 GMT
Trade Idea: USD/CAD - Buy at 1.0770
The greenback has surged again today after breaking above previous resistance at 1.0794 earlier, adding credence to our view that... - Jul 29 15:17 GMT
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
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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Last Updated: Jul 30 02:45 GMT

Action Bias

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

Fundamental Analysis Reports

Nylon Handover: Greenback Dominates G10 Currencies
Jul 30 02:18 GMT, by ThinkForex
US consumer confidence at its highest since Oct 2007, coming in well above expectations of 85.5 at 90.9 S&P House Price Index continues to grow but at a marginally slower rate of 9.3% vs 9.8% exp...
GBP/USD – Dollar Improves On US Consumer Confidence
Jul 30 02:09 GMT, by MarketPulse
GBP/USD has lost ground on Tuesday, as the pair trades in the mid-1.69 range in the North American session. The sagging pound has now lost about 200 points in the past two weeks. In economic news, Br...
US Economy Sprinting To The 2014 Finish Line While Fed Tries To Catch Up
Jul 30 01:42 GMT, by Forex.com
If we think of 2014 as a track race, the US economy undoubtedly stumbled out of the starting blocks to begin the year. Heading into January, traders and economists were optimistic that 2014 would be ...
USD Bulls On Parade!
Jul 30 01:38 GMT, by Forex.com
Without a doubt, the defining theme for the month of July has been the greenback's rampage higher. The USD index, which represents the value of the US Dollar against a weighted basket of the world's ...
Euro And Aussie Drift As The US Dollar Strengthens But GDP And FOMC Are Huge Hurdles
Jul 30 01:28 GMT, by Vantage FX
Looking first at the GDP – which is going to a monster number for the Euro – the market is expecting an annualised outcome of a massive 3% for Q2 according to the FX Street economic calender. There i...
Legitimately Crying Over Spilt Milk Prices
Jul 29 15:45 GMT, by Forex.com
European equity and currency markets diverged from one another today as the FTSE, DAX, and CAC all recovered from early squandering to finish comfortably in the green, while currencies like the EUR, ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Jul 30 02:55 GMT, by FX Instructor
The EURUSD continued its bearish momentum yesterday bottomed at 1.3403. The bias remains bearish in nearest term testing 1.3300. Immediate resistance is seen around 1.3440. A clear break above that a...
AUD/USD – Consolidates Below 0.9400
Jul 30 02:13 GMT, by MarketPulse
The Australian dollar has spent the last few days easing back below both the 0.9425 and 0.9400 levels with the former providing some resistance, which has now resulted in some consolidation in a smal...
Australia 200 – Taking Advantage Of Support At 5550
Jul 30 02:11 GMT, by MarketPulse
The Australia 200 Index will be looking to see if it can maintain the break above 5550 after reaching a six year high in the middle of last week and a new high again today. In recent weeks it has dis...
Daily Forex Update: USD/CAD
Jul 30 02:06 GMT, by Autochartist
USD/CAD continues to rise after the recent breakout of the 4-hour key resistance level 1.0834. The pair is expected to rise to the target level 1.0914 in the coming trading sessions. This key resista...
Crude Oil Ignoring Geopolitical Risks… At Its Peril?
Jul 30 01:37 GMT, by Forex.com
The global oil and equity markets are continuing to shrug off geopolitical risks stemming from the Middle East and Ukraine. Fears over the economic impact of sanctions imposed on Russia for its invol...
As Nikkei Rallies, Upward Pressure Mounts for USD/JPY
Jul 29 13:40 GMT, by Forex.com
Back in May, we looked at the correlation between the Nikkei and USD/JPY and stated that both assets may have bottomed out and that some significant gains could be on the way. While we were correct a...
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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