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Jul 31 07:19 GMT

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Daily Report: Yen Mildly Higher after Batch of Weak Data
Jul 31 04:05 GMT, by ActionForex.com
Asian markets are stuck in tight range after US stocks closed nearly flat overnight. Yen is mildly higher after a batch of weak data from Japan. National CPI rose slightly by 0.1% yoy in June versus expectation of 0.0%. But Tokyo CPI dropped -0.1% yoy in July versus expectation of 0.0% yoy. Recently, BoJ stayed optimistic that inflation will pick ...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias remains neutral for the moment. As noted before, the corrective structure of current decline argues that ... - Jul 31 04:17 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment. Another rise is mildly in favor 1.5465 minor support holds. Ab... - Jul 31 04:15 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for 61.8% retracement of 1.0127 to 0.9072 at 0.9724 next. Sustained brea... - Jul 31 04:13 GMT
USD/JPY Daily Outlook
At this point, there is no follow through buying for USD/JPY to stay above 124.43 resistance yet. But with 123.00 suppo... - Jul 31 04:06 GMT

Special Reports

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...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9665
Dollar's firmness after breaking above previous resistance at 0.9674 adds credence to our view that recent erratic rise from 0.90... - Jul 30 15:47 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
As the British pound has retreated again after meeting resistance at 1.5644 in NY morning, below 1.5588 would bring weakness to 1... - Jul 30 15:43 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.0985
Euro's intra-day breach of previous support at  1.0925 signals rebound from 1.0809 has ended at 1.1130 and mild downside bias rem... - Jul 30 15:37 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Despite intra-day breach of previous resistance at 124.48, lack of follow through buying and current retreat from 124.58 suggest ... - Jul 30 15:35 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Although aussie dropped quite sharply last week, break of recent low 89.20... - Jul 30 07:57 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie has remained under pressure, as recent decline is losing n... - Jul 30 07:11 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound retreated after rising to 1.5667 earlier, as re... - Jul 28 09:12 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Stand aside
The single currency continued to trade lower after retreating from 0.7161 (this week's high), dampening our near term bullishness... - Jul 30 15:03 GMT
Trade Idea: USD/CAD - Hold long entered at 1.2900
The greenback found renewed buying interest at 1.2862 yesterday and has staged a rebound, retaining our bullishness and above 1.3... - Jul 30 14:52 GMT
Trade Idea: EUR/JPY - Hold long entered at 136.25
Although the single currency has retreated after rising to 137.11 earlier this week, as long as 135.75-80 holds, mild upside bias... - Jul 30 08:26 GMT
Trade Idea: AUD/USD - Hold long entered at 0.7285
Although aussie has retreated again after faltering below resistance at 0.7351, as long as this week's low at 0.7257 holds, conso... - Jul 30 08:15 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As the single currency has retreated again after meeting resistance a... - Jul 30 10:05 GMT
USD/CAD Elliott Wave Analysis
The greenback found renewed buying interest at 1.2656 and has surged ... - Jul 30 09:44 GMT
GBP/USD Elliott Wave Analysis
Cable's rebound after finding support at 1.5330 suggests near term up... - Jul 28 10:09 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 31 07:10 GMT

Action Bias

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

Fundamental Analysis Reports

New Zealand Business Confidence Declines To 6-Year Low In July
Jul 31 07:01 GMT, by Dukascopy Swiss FX Group
Morale among New Zealand businesses unexpectedly dropped to the lowest level in six years in July, with agriculture being the most downbeat sector. The July release of ANZ Business Outlook revealed t...
Japan's Household Spending Unexpectedly Decline In June, Tokyo Core Inflation Falls
Jul 31 06:58 GMT, by Dukascopy Swiss FX Group
Japan's household spending unexpectedly declined and inflation stalled last month, adding to signs the world's third biggest economy may have contracted in the second quarter and questioning the Bank...
US Economy Grows 2.3% In Q2, Jobless Claims Rise From Four-Decade Low
Jul 31 06:56 GMT, by Dukascopy Swiss FX Group
US economic growth accelerated in the April-June quarter as an increase in consumer spending offset the drag from weak business spending on equipment. The US GDP rose a 2.3% annual rate, according to...
Spanish Economy Continued To Recover, German Unemployed Data Disappoints
Jul 31 06:54 GMT, by Dukascopy Swiss FX Group
The Spanish economy accelerated for the eighth consecutive quarter, after it recovered from the recession in the third quarter of 2013. Spain's GDP in the second quarter rose at 1.0% quarter-over-qua...
Asian Market Update: Japan Household Consumption Unexpectedly Falls
Jul 31 06:08 GMT, by Trade The News
Asian equity markets are mixed again but hardly shaken despite the better than expected Q2 GDP, upside revision in Q1, and hotter quarterly PCE deflator combined to bolster the case for a September F...
European Open Briefing
Jul 31 05:25 GMT, by IC Markets
The US Dollar gave up some of its gains and is lower against most major currencies on the day, except the New Zealand Dollar. The NZD extended losses after another bad data print, this time in form o...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Jul 31 05:49 GMT, by Varengold Bank
The dollar rose to a one-week high against a basket of currencies on Thursday as news of faster U.S. economic growth in the second quarter supported expectations that the U.S. Federal Reserve will ra...
USD/JPY Reverse And Bounce At 124.50 Resistance Top
Jul 31 05:40 GMT, by Admiral Markets
The EUR/USD reached a confluence of Fibonacci target and retracement levels, which could provide support for a bullish retracement or rally. Typically a wave C does not extend past the 161.8% Fib lev...
Daily Technical Outlook And Review
Jul 31 05:34 GMT, by IC Markets
Using a top-down approach this morning, we can see that the initial upward momentum seen from the weekly demand at 1.0519-1.0798 has really struggled to hold form this week. Daily timeframe action on...
Daily Technical Analysis
Jul 31 04:17 GMT, by FX Instructor
The EURUSD continued its bearish momentum yesterday bottomed at 1.0892 but traded higher earlier today hit 1.0946. The bias remains bearish in nearest term retesting 1.0892. A clear break below that ...
Market Morning Briefing
Jul 31 03:44 GMT, by Kshitij Consultancy Services
Euro (1.0940) saw an intra-day low of 1.0892 yesterday but came back to close higher. Near term looks weak and we may expect a re-test of 1.09-1.08 levels before rising again
The Daily Forecaster: EURUSD
Jul 31 03:41 GMT, by FX-Forecaster
The initial decline stalled way above the 1.0901 area but as suggested, the correction was relatively shallow and it seems we are seeing a relatively direct decline (although the internal development...
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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