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Jul 29 22:54 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 29 22:45 GMT

Action Bias

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

Fundamental Analysis Reports

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, ...
US Consumer Confidence Surges in July; Existing Home Prices Decline in May
Jul 29 15:42 GMT, by RBC Financial Group
The Conference Board's measure of US consumer confidence jumped by 4.5 points to 90.9 in July 2014 (market expectations had been for a reading of 85.5) to build on the revised 4.2 increase to 86.4 in...
USD/CAD - Sagging Loonie Drops to Five-Week Lows
Jul 29 15:19 GMT, by MarketPulse
The shaky Canadian dollar has resumed its losing ways on Tuesday. USD/CAD has risen to the mid-1.08 level, its highest level since mid-June. On the release front, CB Consumer Confidence stunned the m...
AUD/USD - Aussie Dips Despite Strong Australian Housing Data
Jul 29 15:18 GMT, by MarketPulse
AUD/USD has edged lower on Tuesday, as the pair has dipped below the 0.94 line. On the release front, HIA New Home Sales posted a strong gain of 1.2% last month. In the US, CB Consumer Confidence stu...
USD/JPY - Yen Weakens as Japanese Consumer Spending Slips
Jul 29 13:53 GMT, by MarketPulse
USD/JPY has posted gains on Tuesday, as the pair has pushed above the 102 line and hit three-week highs. The dollar took advantage of disappointing Japanese consumer spending in June. On Tuesday, Jap...
Month-End FX Rebalancing May Reflect July's Price Action: Lackluster
Jul 29 13:45 GMT, by Forex.com
In order to predict these flows and how they impact FX traders, we've developed a model that compares monthly changes in total asset market capitalization in various countries. In our model, a relati...
All Daily Fundamental Reports >>

Technical Analysis Reports

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...
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...
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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