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European Session: Orders and Options Watch
Jul 23 09:35 GMT, by ActionForex.com
EUR: The single currency traded lower after yesterday's selloff, bids at 1.3460 were filled, however, buy orders are still seen at 1.3450-55 and 1.3425, mixture of bids and stops is expected at 1.3400-10, fresh buying interest should emerge further out at 1.3370-80 and 1.3350. On the upside, offers are lowered to 1.3490-00, 1.3520-30 and 1.3545-60...

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
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.8970
As the greenback has maintained a firm undertone after breaking indicated resistance at 0.9013, adding credence to our view tha... - Jul 23 07:57 GMT
Trade Idea: GBP/USD - Sell at 1.7140
Despite yesterday's fall to 1.7041, as the British pound has rebounded after holding above last week's low of 1.7036, retaining... - Jul 23 07:49 GMT
Trade Idea: EUR/USD - Sell at 1.3545
As the single currency has continued to move lower after breaking indicated previous support at 1.3477, adding credence to our ... - Jul 23 07:45 GMT
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
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/JPY - Sell at 137.35
As the single currency has fallen again after meeting renewed selling interest at 137.34 yesterday, adding credence to our bear... - Jul 23 09:29 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9400
As the Australian dollar has rebounded again today after the release of higher-than-expected CPI data, dampening our bearishnes... - Jul 23 09:22 GMT
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
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 09:45 GMT

Action Bias

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

Fundamental Analysis Reports

Gold Price Consolidates
Jul 23 09:18 GMT, by Blackwell Global
The price of gold is going through a short term consolidation as the recent events on a global stage abate and gold looks for direction. A breakout of the pennant shape is the likely outcome and trad...
Risks Of A Rate Increase On Recovery Are Ebbing, BOE Minutes Says
Jul 23 09:14 GMT, by ICN.com
Bank of England minutes for July 9-10 policy meeting showed that policymakers voted unanimously to hold both interest rate and amount of asset purchases as recovery strengthens. However, some members...
US CPI Near Its Inflation Target
Jul 23 08:17 GMT, by Easy Forex
The euro (EUR) crashed yesterday while it reached its 8-month low against the US dollar (USD) at 1.3458. The single currency dropped after the yearly US CPI announcement which was near the target inf...
Daily FX Analysis
Jul 23 08:16 GMT, by Investica
The Euro was subjected to renewed selling during the European session on Tuesday. The currency was hampered by expectations of yield divergence and there were reported comments from within the ECB th...
EU Session: Investors To Track BoE Minute, Pound Little Changed
Jul 23 08:06 GMT, by ICN.com
The United Kingdome is to release fresh economic fundamentals for the market Wednesday with fresh update from the Bank of England (BoE) central banks July meeting minutes due later in the session. Th...
Should The BoJ Be Responsible For Its Pledges?
Jul 23 07:58 GMT, by Dukascopy Swiss FX Group
According to the latest minutes from the Bank of Japan, policymakers are determined to keep the current pace of the monetary policy for the foreseeable future, meaning the stimulus programme that was...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Jul 23 08:47 GMT, by Windsor Brokers Ltd
The Euro has eventually broken below pivotal 1.3500/1.3475 support zone, where also main bull-trendline off 1.2042 lies and commenced fresh leg lower, new phase of corrective pullback from 1.3992, 08...
Cable Firm Above 1.705 Ahead Of BoE Minutes
Jul 23 07:23 GMT, by ZIFX.com
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...
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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