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Jul 23 11:54 GMT

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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

BOE Minutes Toned Down Rate Hike Speculations
Jul 23 10:13 GMT
Despite rising growth momentum, BOE policymakers remained divided on whether wh...
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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: 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 10:51 GMT
Trade Idea Update: GBP/USD - Sell at 1.7140
As the British pound has fallen again after intra-day brief bounce to 1.7095, suggesting the decline from 1.7192 is still in pr... - Jul 23 10:49 GMT
Trade Idea Update: 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 10:45 GMT
Trade Idea Update: 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 10:41 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

AUD/USD Elliott Wave Analysis
Although aussie has rebounded again after holding above indicated p... - Jul 23 10:30 GMT
EUR/CAD Elliott Wave Analysis
  The single currency met renewed selling interest at 1.4653 last we... - Jul 23 09:59 GMT
GBP/USD Elliott Wave Analysis
As the British pound has retreated after last week's marginal rise to... - Jul 22 08:44 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 23 11:45 GMT

Action Bias

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

Fundamental Analysis Reports

EUR/USD: Sagging Euro Drops To 8 Month Low
Jul 23 11:24 GMT, by MarketPulse
EUR/USD is under pressure on Wednesday, as the pair trades in the mid-1.34 range in the European session. The euro has slipped to its lowest level since November, and has slipped over 200 points in J...
European Stocks Extend Climb As Earnings Overshadow Ukraine Caution
Jul 23 11:16 GMT, by ICN.com
European stocks indices advanced on Wednesday tracking gains in Wall Street and Asia, while solid corporate earnings news by Dutch paints and chemicals firm AkzoNobel, Daimler AG and the Finnish tech...
European Market Update: BOE July Minutes Did Not Cast Any Dissenting Votes On Rates
Jul 23 10:09 GMT, by Trade The News
Dealers noted that the gradual widening in interest rate differentials between US/Europe gave the greenback an advantage. The premium offered by two-year U.S. Treasuries over German debt has widened ...
BoE Unanimous, EUR Soft, CAD Focus On Retail Sales
Jul 23 10:05 GMT, by Swissquote Bank SA
The economic data/events shift traders' focus away from geopolitical tensions (at least in the short-run). In London, BoE's unanimity for no policy action weighs on the GBP-complex. Across the Channe...
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...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Jul 23 10:19 GMT, by DeltaStock Inc.
The intraday bias is slightly bearish, but I favor a reversal for a break through 101.43 minor resistance, en route to 101.85 area. Crucial on the downside is 101.19.
Dollar/Yen Turns Around, Remaining In Narrow Scope
Jul 23 10:01 GMT, by ZIFX.com
On Tuesday Dollar/Yen traded within 30 pip range. The currency couple depreciated from 101.62 to 101.44 yesterday, not matching the positive money flow sentiment at above +8%, closing the day at 101....
Technical Analysis for Major Currencies
Jul 23 09:48 GMT, by ICN.com
The pair dropped and achieved the first daily closing since February 2014 below 1.3520. A break below the referred to level according to Fibonacci rules is negative, as it favors extending the downsi...
Technical Analysis for Crosses
Jul 23 09:47 GMT, by ICN.com
The pair is trading sideways and within a tight range, where the MA 50 & 100 offer strong resistance restricting the pair from moving higher. We will observe the pair at 172.50 support and 174.25...
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 ...
All Daily Technical Reports >>

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Central Bank Analysis
Economic Data Reviews
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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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