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Jul 30 15:08 GMT

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Mid-Day Report: Dollar Surges as on Strong Q2 GDP, FOMC Next
Jul 30 13:13 GMT, by ActionForex.com
Dollar's rally continues in early US session after release of much strong than expect GDP data. In Q2, GDP grew at 4.0% annualized rate, the highest level since Q3 of 2013, and beat consensus of 3.1%. The solid gain more than offset Q1's -2.1% contraction, upwardly revised from prior estimate of -2.9%. The economy grew at about 1% pace for the fir...

Technical Outlook

GBP/USD Mid-Day Outlook
GBP/USD's fall accelerates to as low as 1.6894 in early US session and intraday bias remains on the downside. A medium ... - Jul 30 13:33 GMT
USD/CHF Mid-Day Outlook
USD/CHF's rally accelerates to as high as 0.9100 so far in early US session. The rise from 0.8698 is still in progress ... - Jul 30 13:30 GMT
USD/JPY Mid-Day Outlook
USD/JPY rises strongly to as high as 102.69 so far in early US session. The strong break of 102.26 resistance confirmed... - Jul 30 13:27 GMT
EUR/USD Mid-Day Outlook
EUR/USD's fall accelerates to as low as 1.3369 in early US session and break mentioned 61.8% projection of 1.3993 to 1.... - Jul 30 13:15 GMT

Special Reports

Weak Economic Data Unlikely Triggers BOJ To Intensify Stimulus
Jul 30 08:20 GMT
Japan's economic data released over the past 2 weeks underscored the downside r...
Upbeat Chinese PMI Reflects Feed-Through Of Stimulus, More In 2H14
Jul 25 02:42 GMT
Chinese economic growth has shown signs of gathering momentum again, thanks to ...
RBNZ Announced Last Rate Hike Before Pause To Assess Impacts
Jul 24 06:01 GMT
The RBNZ raised the OCR for a 4th consecutive time, by +25 bps to 3.5%, in July...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9040
As dollar's upmove has accelerated, adding credence to our bullish view that the erratic rise from 0.8699 low is still in progr... - Jul 30 13:43 GMT
Trade Idea Update: GBP/USD - Sell at 1.7000
As the British pound has remained under pressure after this week's selloff from 1.7001, adding credence to our view that the fa... - Jul 30 13:39 GMT
Trade Idea Update: EUR/USD - Hold long entered at 1.3402
As euro's decline gathered momentum on dollar's broad-based strength after solid US data, suggesting near term downside risk re... - Jul 30 13:38 GMT
Trade Idea Update: USD/JPY - Stand aside
As dollar's upmove has accelerated, suggesting recent rise is still in progress and test of previous resistance at 102.80 is li... - Jul 30 13:33 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
The Australian dollar found support at 94.40 and has rebounded last week... - Jul 30 07:22 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie rose briefly to 0.9472 late last week, the subsequent re... - Jul 30 07:19 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound met renewed selling interest just below the Tenkan-Sen (... - Jul 29 08:10 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7855
The single currency has remained confined within narrow range and as long as resistance at 0.7940 holds, near term downside r... - Jul 30 14:56 GMT
Trade Idea: USD/CAD - Buy at 1.0850
As recent rise has gathered momentum on broad-based strength in the greenback and indicated resistance at 1.0896 was penetrated... - Jul 30 14:50 GMT
Trade Idea: EUR/JPY - Hold long entered at 136.70
As the single currency has remained confined within near term narrow range, retaining our view that further sideways trading wo... - Jul 30 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.9410
As the Australian dollar has remained under pressure after retreating from 0.9472, suggesting rebound from 0.9329 has ended and... - Jul 30 08:50 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
As aussie has retreated after meeting resistance at 0.9472 last wee... - Jul 30 10:19 GMT
EUR/CHF Elliott Wave Analysis
Although euro's recovery has retained our view that consolidation a... - Jul 30 10:15 GMT
GBP/CHF Elliott Wave Analysis
Although the British pound edged higher again to 1.5433 last week and... - Jul 29 08:54 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 30 15:00 GMT

Action Bias

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

Fundamental Analysis Reports

US GDP Jumps by a Stronger than Expected 4.0%
Jul 30 13:46 GMT, by RBC Financial Group
The advance estimate of US second-quarter 2014 GDP growth was 4.0%, thereby marking a larger than expected rebound (market expectations had been for a 3.0% increase) and following a revised 2.1% decl...
Stellar US GDP Drives Dollar - What Will it Mean for Fed Policy?
Jul 30 13:37 GMT, by Forex.com
For weeks now, both USD bulls and bears have had today marked on their calendars as one of the most important days for US economic data of the entire summer. While we're only in the eye of the econom...
USD/JPY - Dollar Hits Six-Week Highs on Weak Japanese Data
Jul 30 13:18 GMT, by MarketPulse
USD/JPY continues to post gains on Wednesday, as the pair has climbed to the low-102 range. The yen has been struggling, and has surrendered about 100 points in just over a week. On the release front...
Gold Flat at $1300 Ahead of Key US Data, Fed Statement
Jul 30 12:06 GMT, by MarketPulse
Gold is listless on Wednesday, as the metal hugs the $1300 line late in the European session. On the release front, it's a busy day, with three key events out of the US - Advance GDP, ADP Nonfarm Pay...
FX In Choppy Trade Before FOMC Outcome, Dollar Outperforms
Jul 30 11:10 GMT, by ICN.com
Volatility is still the main theme across the financial markets on Wednesday, where traders are giving much of their focus to the Federal Reserve`s upcoming policy decision to offer FX direction. The...
Gold And Oil Fluctuate In Europe Ahead Of Fed Statement, EIA Report
Jul 30 10:47 GMT, by ICN.com
Gold and oil edged slightly higher in midday European trades, yet prepared for a potentially volatile session with a string of closely watched events on the horizon out of the United States. Gold and...
All Daily Fundamental Reports >>

Technical Analysis Reports

Technical Overview - GBPUSD, USDJPY and GBPJPY
Jul 30 13:43 GMT, by Admiral Markets
On Tuesday, the pair decisive dropped below 50-day SMA support, confirming the continuation of short-term down-trend as depicted by a descending channel formation on 4-hourly chart. The pair is curre...
Technical Outlook: USDCAD, USDCHF, EURCAD and EURCHF
Jul 30 12:14 GMT, by Admiral Markets
Having closed above its 200-day SMA and 61.8% Fibonacci Retracement Level of its up move, connecting December 2013 lows to March 2014 highs, the USDCAD is trading near six week high. Also, the MACD i...
The Quiet Before the Storm? S&P Future Slightly Higher ahead of Key US Data
Jul 30 12:09 GMT, by Forex.com
US index futures are slightly higher following the retreat on Wall Street yesterday, but they could move more sharply depending on the outcome of US data ahead of the opening bell. In Europe, it has ...
USDCAD - Extends Its Bullish Offensive
Jul 30 10:02 GMT, by FXTechstrategy
USDCAD - With USDCAD rallying strongly on Tuesday, further bullishness is now envisaged. On the upside, resistance is seen at the 1.0900 level followed by the 1.0950 level. Further out, resistance co...
Dollar/Yen Climbs Over 102 Before Fed Rates
Jul 30 09:29 GMT, by ZIFX.com
On Tuesday Dollar/Yen increased with 35 pips. The currency couple appreciated from 101.80 to 102.16 yesterday, matching the positive money flow sentiment at around +9%, closing the day at 102.10. Thi...
EURUSD Elliott Wave Analysis: Impulse Downtrend
Jul 30 09:22 GMT, by Elliott Wave Financial Service
EURUSD keeps trading lower, now at 1.3400 level where pair could find some support and rallied into a correction. The reason is five waves of decline from 1.3640 which makes an extended structure of ...
All Daily Technical Reports >>

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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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