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Jul 28 10:19 GMT

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European Session: Orders and Options Watch
Jul 28 08:39 GMT, by ActionForex.com
EUR: The single currency continued to trade defensively on dollar's broad-based strength, stops below 1.3425 were tripped but buy orders are still noted at 1.3415-20, mixture of bids and stops is located at 1.3400 barrier, more buying interest is expected at 1.3370-80 and 1.3350. On the upside, offers are lowered to 1.3450-70, 1.3475-85 and 1.3500...

Technical Outlook

EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. Considering bullish convergence condition in 4 hours MACD and ... - Jul 28 09:19 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral for the moment. Deeper decline could be seen but we'd maintain the view that f... - Jul 28 09:02 GMT
GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. On the downside, sustained break of 172.36 support will confir... - Jul 28 08:59 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment. As long as 137.71 resistance holds, deeper decline is still ex... - Jul 28 08:56 GMT

Special Reports

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

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.8980
Last week's rally together with the breach of previous resistance at 0.9037 add credence to our bullish view that recent erratic ... - Jul 28 10:12 GMT
Trade Idea Update: GBP/USD - Sell at 1.7050
As cable has recovered after Friday's marginal fall to 1.6961, suggesting minor consolidation would be seen and corrective bounce... - Jul 28 10:10 GMT
Trade Idea Update: EUR/USD - Buy at 1.3400
As the single currency has remained under pressure after dropping quite sharply on Friday, retaining our view that near term down... - Jul 28 10:07 GMT
Trade Idea Update: USD/JPY - Hold short entered at 101.70
As the greenback has maintained a firm undertone after breaking previous resistance at 101.86, suggesting caution on our near ter... - Jul 28 10:05 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
The single currency continued to head south in line with our bearish expec... - Jul 28 07:21 GMT
USD/JPY Candlesticks and Ichimoku Analysis
As the greenback has rebounded after holding above this month's low at 101... - Jul 28 06:46 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
The single currency only recovered to 138.45 before running into renewed s... - Jul 25 09:39 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 136.70
Although the single currency retreated after last week's rebound to 137.25, as long as last week's low at 136.37 holds, consolida... - Jul 28 08:56 GMT
Trade Idea: AUD/USD - Stand aside
Despite last week's stronger-than-expected rebound to 0.9472, the subsequent retreat has retained our consolidative view and test... - Jul 28 08:49 GMT
Trade Idea: EUR/GBP - Buy at 0.7855
Despite yesterday's breach of resistance at 0.7933, lack of follow through buying and current retreat suggest near term downside ... - Jul 25 15:04 GMT
Trade Idea: USD/CAD - Buy at 1.0740
The greenback has rebounded again after holding above support at 1.0709, suggesting another test of resistance at 1.0794 would be... - Jul 25 14:38 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Dollar's rebound after holding above support at 101.07 has retained o... - Jul 28 09:50 GMT
EUR/USD Elliott Wave Analysis
The single currency dropped again after meeting renewed selling inter... - Jul 28 09:42 GMT
EUR/JPY Elliott Wave Analysis
The single currency did meet renewed selling interest at 138.45 (we r... - Jul 25 10:25 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 28 10:10 GMT

Action Bias

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

Fundamental Analysis Reports

FX Driven By Technicals Pre-FOMC, NFPs
Jul 28 09:49 GMT, by Swissquote Bank SA
The FX markets start the week in quiet fashion. Important data/event will drive the markets in the second half of the week; the US will be in the center of attention with second quarter GDP estimate ...
EUR/USD – Unchanged As Dollar Remains Firm
Jul 28 09:39 GMT, by MarketPulse
EUR/USD is unchanged on Monday, as the pair trades quietly in the mid-1.34 range in the European session. On the release front, it's a very quiet start to the week, with just two releases out of the ...
EUR/USD – Unchanged As Dollar Remains Firm
Jul 28 09:39 GMT, by MarketPulse
EUR/USD is unchanged on Monday, as the pair trades quietly in the mid-1.34 range in the European session. On the release front, it's a very quiet start to the week, with just two releases out of the ...
Durable Goods Orders Recover In June
Jul 28 08:30 GMT, by Dukascopy Swiss FX Group
It seems that the EUR/USD currency pair found a strong support around a recent low at 1.3431, as even despite stronger-than-expected data from the United States was not able to provide a massive boos...
U.K. Growth Failed To Deliver
Jul 28 08:28 GMT, by Dukascopy Swiss FX Group
The cable was expected to perform an impressive rally on Friday, as GDP report was projected to show the economy is now the fastest growing economy among other G7 members. The report, however, was no...
Slowing Inflation Adds Pressure On BoJ
Jul 28 08:27 GMT, by Dukascopy Swiss FX Group
The Bank of Japan has been showing surprising resilience since April, when the sales tax was increased to 8%. During the last several months the data was sending promising signs, providing a support ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Jul 28 09:53 GMT, by DeltaStock Inc.
Last week's uptrend has been corrected with the minor pullback below 101.85 and now the upmove is renewed, for a break through 102.25, en route to 102.80. Key static support lies at 101.60.
Today's Market Outlook
Jul 28 09:27 GMT, by Windsor Brokers Ltd
The Euro remains negative and extends the third wave which commenced from 1.3699, 01 July lower top. The pair so far met its target at 1.3620, Fibonacci 138.2% expansion, above which near-term price ...
USDCHF Elliott Wave Analysis: Ending Diagonal Suggests For Bullish Move
Jul 28 09:24 GMT, by Elliott Wave Financial Service
USDCHF bounced sharply from the lows few months back, and it seems that this bullish legs will now continue as latest retracement from the highs has unfolded in a corrective manner. We would not be s...
IMM Positioning: EUR Shorts At Stretched Levels But Trend Intact
Jul 28 09:16 GMT, by Danske Bank
Speculators increased their short EUR positioning to the highest level since November 2012, in absolute terms. As of Tuesday 22 July, speculators were net short EUR 26.2% of open interest. Short EUR ...
Technical Analysis for Major Currencies
Jul 28 09:02 GMT, by ICN.com
Friday's long bearish candle confirms the ongoing downside pressure on the pair since the breakout below 23.6% correction at 1.3525. Trading below this level will push the pair lower to test 1.3375 a...
Technical Analysis for Crosses
Jul 28 09:01 GMT, by ICN.com
The pair continues to trade within a tight range between trend defining levels at 172.50 support and 174.25 resistance. Therefore, we will observe the pair at those levels closely. A breakout below t...
All Daily Technical Reports >>

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Central Bank Analysis
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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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