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Aug 05 10:27 GMT

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European Session: Orders and Options Watch
Aug 05 08:56 GMT, by ActionForex.com
EUR: Euro dropped again after meeting renewed selling interest at 1.0988, bids at 1.0925-30, 1.0900, 1.0880 and 1.0860 were filled but buy orders are still noted at 1.0840, 1.0820-25 and 1.0800, buying interest is tipped at 1.0780, 1.0750 barrier and 1.0725, mixture of bids and stops is located at 1.0700. On the upside, offers are lowered to 1.088...

Technical Outlook

GBP/JPY Daily Outlook
No change in GBP/JPY's outlook. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while... - Aug 05 09:11 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. With 133.09 support intact, the rebound from 126.09 is still m... - Aug 05 09:09 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. Deeper decline is still expected as long as 0.7223 resistance ... - Aug 05 09:07 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. As long as 1.4643 support holds, further rally is expected. Ab... - Aug 05 09:05 GMT

Special Reports

RBA Suggests Australian Dollar Adjusting To Commodity Selloff
Aug 04 09:18 GMT
The RBA let the cash rate unchanged at 2% for a third consecutive month. Whist ...
FOMC Adjusted Economic Assessment, September Rate Hike Remains Open
Jul 30 06:08 GMT
In its July statement, the FOMC made some changes on its assessment of the curr...
China Might Soon Widen Renminbi Further to Get Included in IMF's SDR
Jul 29 06:56 GMT
Chinese State Council released a statement titled 'Key steps to promote foreign...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9730
As the greenback has surged again after finding renewed buying interest at 0.9668 yesterday and broke above previous resistance a... - Aug 05 07:57 GMT
Trade Idea: GBP/USD - Stand aside
Despite intra-day brief fall to 1.5527, lack of follow through selling on break of previous support at 1.5549 and current rebound... - Aug 05 07:50 GMT
Trade Idea: EUR/USD - Sell at 1.0910
As the single currency has dropped again after meeting renewed selling interest at 1.0988 and broke below previous support at 1.0... - Aug 05 07:40 GMT
Trade Idea: USD/JPY - Stand aside
As the greenback has rebounded after finding support at 123.80 yesterday, suggesting a retest of last week's high at 124.58 would... - Aug 05 07:34 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Despite last week's brief bounce to 0.6739, as kiwi met renewed selling in... - Aug 05 08:07 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie fell marginally to 0.7235 late last week, the subsequent r... - Aug 05 08:05 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Despite last week's rise to 1.5690, lack of follow through buying and the ... - Aug 04 07:30 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Stand aside
Despite last week's brief rise to 137.35, the subsequent retreat suggest further choppy trading within recent range would be seen... - Aug 05 09:22 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7340
As aussie has retreated after rising to 0.7429 yesterday, consolidation below this level would be seen, however, if our view that... - Aug 05 09:01 GMT
Trade Idea: EUR/GBP - Stand aside
The single currency retreated after meeting resistance at 0.7098 on Friday, retaining our view that further choppy trading would ... - Aug 04 14:25 GMT
Trade Idea: USD/CAD - Stand aside
Although the greenback has maintained a firm undertone after current anticipated resumption of upmove and gain to 1.3200 cannot b... - Aug 04 14:23 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie resumed recent decline and fell to as low as 0.7235 l... - Aug 05 10:08 GMT
GBP/USD Elliott Wave Analysis
Last week's marginal rise to 1.5690 suggests near term upside risk re... - Aug 04 09:30 GMT
GBP/JPY Elliott Wave Analysis
Although sterling found good support at 185.00 and has staged a stron... - Aug 04 09:24 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 05 10:20 GMT

Action Bias

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

Fundamental Analysis Reports

USD Demand Continues, Weak Swiss Data
Aug 05 10:05 GMT, by Swissquote Bank SA
Swiss inflation read was disappointing to anyone expected the growth outlook to be picking up. Headline CPI fell -1.3% from -1.0, against an expected decline of -1.0%. All the major groups saw sizabl...
European Market Update: PMI Services Data Mixed, Swiss July CPI Hits A New Cycle Low And To Keep SNB On Alert
Aug 05 09:54 GMT, by Trade The News
USD maintained a firm tone after Tuesday commentary from Fed's Lockhart (moderate, FOMC voter) that it could be appropriate to raise rates in Sept. Fed funds futures now implying a 48% probability of...
UK Services Sector Growth Slows In July
Aug 05 09:49 GMT, by ICN.com
U.K. PMI services retreated to 57.4 in July from 58.5 in June, lower than analysts’ forecasts of 58.0. Despite the slowdown last month, the sector is still experiencing an expansion as the reading is...
Euro Drops As Eurozone Business Growth Eases In July
Aug 05 09:48 GMT, by ICN.com
The euro traded lower versus the U.S. dollar for a third straight session on Wednesday after report showing Eurozone private-sector growth eased last month. A euro area Composite Purchasing Managers’...
Commodity Currencies: Positioning For A Collapse
Aug 05 08:42 GMT, by Blackwell Global
Crude Oil's bounce early this week, had short sellers scrambling from their positions but the reality is that the respite will be short lived. Global prices are forecast to continue their slide in a ...
New Zealand Heading For Dire Straights
Aug 05 08:40 GMT, by Blackwell Global
Another fortnight, another drop in dairy prices. The reality for the Kiwi dollar is beginning to look bleak as billions are wiped off the export receipts column of the current account ledger. Can a r...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Aug 05 09:21 GMT, by DeltaStock Inc.
EUR/USD Yesterday's break through 1.0930 low confirms a negative bias, for a test of 1.0820 support zone. Initial intraday resistance lies at 1.0930, followed by the crucial high at 1.0985.
XAU/USD Unable To Recover
Aug 05 09:06 GMT, by Dukascopy Swiss FX Group
Gold ended trading flat on Wednesday, despite some attempts to rebound above the weekly pivot point at 1,092. Therefore, the price continues hovering around its lowest level in five years at 1,085. B...
USD/JPY To Remain Stuck Around 124.00
Aug 05 08:58 GMT, by Dukascopy Swiss FX Group
The US Dollar slightly overperformed, as it appreciated 34 pips against the Japanese Yen, rather than expected 25. The USD/JPY, however, risks falling back down, despite bullish technical indicators....
EUR/USD At Two-Week Low After Falling 60 Pips
Aug 05 08:28 GMT, by Dukascopy Swiss FX Group
EUR/USD was down around 60 pips on Tuesday, thus registering its steepest drop since July 29. As a result, the pair breached the recent low and plunged below 1.09. Currently the Euro is testing the w...
GBP/USD Seeks Support At Two-Week Low
Aug 05 08:26 GMT, by Dukascopy Swiss FX Group
The Cable was unable to retake the 1.56 major level on Tuesday, as it slumped under the trend-line, amid US official supporting Sept. rate hike. The bullish trend risks coming to an end if the GBP/US...
USDCHF Trades Impulsive Higher, Eyes At 0.9950
Aug 05 08:16 GMT, by Elliott Wave Financial Service
USDCHF made an unexpected deep intraday fall to around 0.9550 on Friday before price bounced back to the highs. We noted that this was likely flat for wave (ii) which is now proving correct because o...
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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