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Aug 03 06:36 GMT

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Daily Report: Asian Markets Weighed Down by China Data
Aug 03 03:48 GMT, by ActionForex.com
Asian markets open the week generally lower as worry over China's economy continues. The MSCI Asia-Pacific ex-Japan index dropped as much as -1% and is heading back to this year's low made back in July. Nikkei is also trading down -100 pts, or nearly -0.5% at the time of writing. The Caixin/Market PMI PMI manufacturing index was finalized at 47.8 ...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. As noted before, the corrective structure of current decline a... - Aug 03 04:04 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... - Aug 03 04:01 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for consolidation below 61.8% retracement of 1.0127 to 0.9072 at 0.9724. Anoth... - Aug 03 03:58 GMT
USD/JPY Daily Outlook
With 123.00 support intact, further rise is still in favor in USD/JPY. Sustained trading above 124.43/47 resistance zon... - Aug 03 03:55 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: Aug 03 06:30 GMT

Action Bias

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

Fundamental Analysis Reports

RBA Preview: The Policy Scales Are Quivering
Aug 03 01:42 GMT, by Forex.com
The Reserve Bank of Australia (RBA) is widely expected to leave the official cash rate at 2.00% at its policy meeting on Tuesday. There has been no indication over the last month that the RBA will de...
Weekly Economic and Financial Commentary
Aug 01 05:11 GMT, by Wells Fargo Securities
Fed chair Janet Yellen has made no secret that the decision on when to begin to normalize short-term interest rates would depend on the economic data. The policy statement from this past week's FOMC ...
The Weekly Bottom Line
Aug 01 04:56 GMT, by TD Bank Financial Group
The week was off to a rocky start with Chinese equities once again grabbing headlines. After a modest uptick amidst much welcomed stability the previous week, the Shanghai composite dropped a whoppin...
The Fed: Why Economists and the Market do not Agree on a Rate Rise
Aug 01 04:44 GMT, by Forex.com
As we start a new week the focus shifts to the US labor market report scheduled for release on Friday. Another solid reading of 200k + could trigger even more chatter about the prospect of a Fed rate...
Week Ahead in FX: USD to Face Payrolls Challenge
Aug 01 04:38 GMT, by MarketPulse
There is an avalanche of economic indicators next week. The Reserve Bank of Australia (RBA), the Bank of England (BoE) and the Bank of Japan (BoJ) are due to announce their monetary policy decisions....
Weekly Focus: Focus Turning to US Data
Jul 31 14:14 GMT, by Danske Bank
The FOMC statement suggests the Fed is not far from the first rate hike. US data is key to our call for a September Fed hike and very important for financial markets. We expect higher short-end...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Aug 03 03:38 GMT, by Kshitij Consultancy Services
Euro (1.0976) saw an intra-day high of 1.1114 on Friday before sharply coming off from there. As we have been mentioning in our previous editions, while below 1.1125, the currency looks weak. Movemen...
Daily Technical Analysis
Aug 03 03:20 GMT, by FX Instructor
The EURUSD was volatile but indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term probably with a little bearish bias testing 1.0900 support area. Immediate resistan...
AUD/USD – Holding On To 0.73
Aug 03 02:06 GMT, by MarketPulse
The Australian dollar has fallen sharply over the last month which has culminated in a new six year low near 0.7200 towards the end of last week. It has spent the last week trading right around the k...
Australia 200 – Rallies To Resistance At 5650
Aug 03 02:05 GMT, by MarketPulse
Throughout last week the ASX200 index enjoyed a solid rally back up to the resistance area around 5650 and 5700 after bouncing off support at 5500. Several weeks ago the ASX200 enjoyed a solid resurg...
USDCHF - Sees Price Hesitation
Aug 03 01:47 GMT, by FXTechstrategy
USDCHF - Broader outlook for USDCHF may be higher but it faces the risk of a move lower following its price hesitation the past week. Resistance resides at the 0.9700 level with a breach targeting th...
EURUSD - Loses Upside Momentum, Faces Downside Risk
Aug 03 01:46 GMT, by FXTechstrategy
EURUSD - Having EUR reversed its entire past week gains to close flat, it now faces risk of a move lower in the new week. Support lies at the 1.0900 level where a violation will aim at the 1.0850 lev...
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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