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Jul 31 15:22 GMT
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Mid-Day Report: Dollar Back Under Pressure after GDP Disappointment
Jul 30 12:47 GMT, by ActionForex.com
Dollar is back under pressures in early US session after Q2 GDP report showed slightly worse than expected growth of 2.4% annualized. The data reflected slowing consumer spending, which dropped from 1.9% to 1.6% in Q2, as well as widened trade deficit from $338b to $426b. Earlier, IMF said note in US private demand has been sluggish, while the un...

Technical Outlook

EUR/USD Weekly Outlook
EUR/USD rose further to 1.3106 last week but faced strong resistance from mentioned cluster level of 1.3105/3123 (38.2%... - Jul 31 09:03 GMT
USD/JPY Weekly Outlook
USD/JPY dropped to as low as 85.98 last week and the break of 86.26 confirms that whole decline from 94.97 has resumed.... - Jul 31 08:58 GMT
GBP/USD Weekly Outlook
GBP/USD's rally extended to as high as 1.5720 last week. The decisive break of 1.5521 resistance confirmed that whole f... - Jul 31 08:54 GMT
USD/CHF Weekly Outlook
USD/CHF's break of 1.0399 support last week indicates that whole decline from 1.1729 has resumed. Short term outlook wi... - Jul 31 08:53 GMT

Special Reports

RBNZ Raised OCR To 3%, Signaled Slowdown In Pace Of Tightening
Jul 29 03:56 GMT
The RBNZ raised the OCR by +25 bps to 3% in June. However, the market was disap...
July's Beige Book Shows Slowdown in Growth
Jul 29 03:11 GMT
Fed's beige Book covering the period spanning mid-June through late-July report...
US Housing Market Continues To Struggle
Jul 27 07:23 GMT
US new home sales surprised to the upside in June, following huge downward revi...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF – Stand aside
Dollar’s intra-day strong rebound suggests recent decline is not ready to resume yet and a temporary low has possibly been formed... - Jul 30 15:07 GMT
Trade Idea Wrap-up: GBP/USD – Stand aside
Although cable has resumed recent upmove after finding renewed buying interest right at the Ichimoku cloud bottom and gain to 1.5... - Jul 30 15:01 GMT
Trade Idea Wrap-up: EUR/USD – Hold long entered 1.3020
Failure to extend intra-day rebound from 1.2980 suggests further consolidation would be seen and indicated minor support at 1.297... - Jul 30 14:55 GMT
Trade Idea Wrap-up: USD/JPY – Stand aside
Despite intra-day brief drop below 86.00, as the greenback has rebounded from 85.95, suggesting a temporary low has possibly been... - Jul 30 14:51 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency finally broke above resistance at 113.43 after finding... - Jul 30 08:05 GMT
USD/CAD Candlesticks and Ichimoku Analysis
Although the greenback fell again below 1.0276 to 1.0256 earlier this week... - Jul 30 07:48 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
Euro’s retreat after early rise to 0.8532 signals the rebound from 0.8067 ... - Jul 29 08:07 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP – Sell at 0.8450
Although the single currency has retreated after rebounding to 0.8397 yesterday, break of 0.8313 support is needed to signal the ... - Jul 30 13:33 GMT
Trade Idea: USD/CAD – Buy at 1.0200
The greenback has remained confined within recent established range as expected in our previous update and as long as indicated r... - Jul 30 13:29 GMT
Trade Idea: EUR/JPY – Sell at 113.55
Failure to extend yesterday’s rebound and euro met heavy offers at 114.24, the selloff from there signals top has been formed at ... - Jul 30 08:42 GMT
Trade Idea: AUD/USD – Buy at 0.8910
Although aussie rebounded to 0.9044 yesterday, as price has retreated from there, suggesting further consolidation below this wee... - Jul 30 08:33 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
Although the single currency rose above indicated resistance at 113.3... - Jul 30 10:27 GMT
USD/CHF Elliott Wave Analysis
Although the greenback recovered from 1.0394 to 1.0640, renewed selli... - Jul 30 10:17 GMT
EUR/GBP Elliott Wave Analysis
Euro’s retreat after early rise to 0.8532 suggests first leg of corre... - Jul 29 10:35 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 30 20:59 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE- NE↑ UP- NE
USDJPY- NE- NE- NE↓ DN
GBPUSD↑ UP↑ UP↑ UP↑ UP
USDCHF↑ UP- NE- NE↓ DN
USDCAD↓ DN- NE↓ DN- NE
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Fundamental Analysis Reports

The Dollar is on the Ropes, Again
Jul 31 07:07 GMT, by Forex.com
The final week of July saw mixed price action among asset classes, as better than expected data from outside the US was mostly offset by weaker US data. US stocks finished slightly weaker while the M...
USD/JPY Falls to Lowest Level This Year
Jul 31 06:57 GMT, by CMS Forex
The dollar was higher against the euro on Friday but lower versus other major currencies. US GDP rose at a 2.4% annualized pace in Q2 2010. While Q1 GDP was revised higher, estimates back to 2007 wer...
The Weekly Bottom Line
Jul 30 19:33 GMT, by TD Bank Financial Group
This week Europe caught some wind in its sails, with good news blowing from several quadrants. Indicators showing better than expected results began to accumulate a week ago with the release of stron...
Weekly Economic and Financial Commentary
Jul 30 18:38 GMT, by Wachovia Corporation
Real GDP grew at a 2.4 percent annual rate during the second quarter. While the gain was slightly higher than the reduced market expectations, most of the strength occurred earlier in the quarter and...
FX Strategy Weekly
Jul 30 18:27 GMT, by Lloyds TSB
Dollar weakness coloured G10 fx markets in July but a stabilisation in speculative positioning begs the question if the currency is due for some reprieve in August. The path to a USD bounce remains u...
The Week in Review
Jul 30 16:43 GMT, by FX Solutions
A weak and weakening American economy has undermined the strength of the dollar for the entire month of July and this week's economic information provided no relief for the US currency. Since Monday ...
All Daily Fundamental Reports >>

Technical Analysis Reports

$/Cad, at Base of 3 Month Pattern
Jul 31 07:03 GMT, by Foreign Exchange Analytics
No change in the view in $/cad as the market continues to form a large pennant/ triangle since the April low at .9935. As been discussing for quite some time, these are seen as continuation patterns,...
USD/CAD Potential Triangle Break
Jul 31 07:01 GMT, by FX Solutions
Price action on USD/CAD (a daily chart of which is shown) as of Friday (7/30/2010) has once again hit the bottom of a large triangle consolidation pattern after having traded just below key 1.0400 re...
Weekly Technical Update: Weakness Stays with Greenback; Yen Might Start Sliding as Well
Jul 30 19:12 GMT, by FXTimes
This week, The US dollar continued to loss ground to the euro, and pound, as well as to the JPY, which competes with the USD for risk-aversion-based flow. The commodity currencies such as AUD and CAD...
EUR/USD Nears Last Resistance Zone for Bearish Outlook
Jul 30 16:39 GMT, by FXTimes
The EUR/USD rallied further this week and is going to enter an upper zone of resistance. If the market continues further but can find a top in the zone that starts at 1.3120 to 1.3250, it can still d...
Chart of the Day - GBP/USD
Jul 30 15:25 GMT, by FX Solutions
Price action on GBP/USD (a daily chart of which is shown) as of Friday (7/30/2010) has consolidated above 1.5500, a prior resistance region that was broken to the upside earlier in the week. This occ...
FX Thoughts for the Day
Jul 30 12:24 GMT, by Kshitij Consultancy Services
Cable fell to a low of 1.5552 in the European session today and is currently trading higher. The pair has been trading above the 200 DMA Support (1.5541) for the 4th day now and an immediate fall loo...
All Daily Technical Reports >>

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Long Term Forecasts

Global Markets: Managing Low Growth and Return Expectations in a More Volatile World
Jul 14 18:43 GMT, by TD Bank Financial Group
The global economy is at a sensitive point in the cycle as it transitions from policy driven expans...
International Financial Outlook July 2010
Jul 12 19:30 GMT, by Lloyds TSB
Overarching themes driving global financial markets have not changed significantly in the last mont...
Financial Markets Monthly - July 2010: Risks to the Global Economy Leave Investors Cautious
Jul 09 14:59 GMT, by RBC Financial Group
In the past month, financial markets have been hit with a bad case of the jitters on worries that t...
Monthly Economic Outlook - July 2010
Jul 08 13:47 GMT, by Wachovia Corporation
The wave of disappointing economic reports this past month combined with the inability of the Admin...
Global Markets: Trends in Low Places
Jun 16 14:16 GMT, by TD Bank Financial Group
After the major market shakeout through May over European debt fears, we have begun to see a slight...
All Long Term Forecasts >>
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