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Aug 01 11:50 GMT

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European Session: Orders and Options Watch
Aug 01 09:09 GMT, by ActionForex.com
EUR: The single currency continued to trade narrowly as traders await US job reports, offers are still noted at 1.3400 and from 1.3420 up to 1.3450 (stops above), more sell orders are located at 1.3470-80, followed by mixture of offers and stops at 1.3490-00, selling interest is tipped further out at 1.3520-30. On the downside, bids remain at 1.33...

Technical Outlook

EUR/USD Daily Outlook
A temporary low is in place at 1.3366 and intraday bias in EUR/USD is turned neutral for the moment. Some consolidation... - Aug 01 05:03 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for the moment. As noted before, a medium term could be formed at 1.71... - Aug 01 05:00 GMT
USD/CHF Daily Outlook
A temporary top is in place at 0.9106 in USD/CHF and intraday bias is turned neutral first. Some consolidations would b... - Aug 01 04:57 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains on the upside for the moment. Further rally could be seen through 100% projection of 1... - Aug 01 04:54 GMT

Special Reports

FOMC Focused On Slack In Job Market Despite Resilient 2Q14 Growth
Jul 31 04:05 GMT
As expected, the FOMC tapered by another US$ 10B in July with few changes in th...
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 ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Buy at 0.9010
Dollar's retreat after faltering below this week's high of 0.9107 has retained our view that near term sideways trading is likely... - Aug 01 10:18 GMT
Trade Idea Update: GBP/USD - Sell at 1.6950
As the British pound has remained under pressure after this week's selloff from 1.7001, adding credence to our bearish view that ... - Aug 01 10:13 GMT
Trade Idea Update: EUR/USD - Hold long entered at 1.3402
The single currency has continued to trade defensively, however, as long as support at 1.3367 (this week's low) holds, prospect o... - Aug 01 10:10 GMT
Trade Idea Update: USD/JPY - Stand aside
As dollar has maintained a firm undertone, adding credence to our view that recent rise is still in progress and a firm break abo... - Aug 01 10:08 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/JPY Candlesticks and Ichimoku Analysis
The single currency finally rebounded this week and a long white candlesti... - Aug 01 08:19 GMT
USD/CAD Candlesticks and Ichimoku Analysis
The greenback found decent demand above support at 1.0709 and has rallied ... - Aug 01 08:03 GMT
EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under pressure, suggesting recent de... - Jul 31 07:22 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Hold long entered at 136.70
As the single currency has maintained a firm undertone after this week's anticipated rally above indicated resistance at 137.25-3... - Aug 01 09:26 GMT
Trade Idea: AUD/USD - Sell at 0.9350
As aussie has remained under pressure after this week's selloff and the breach of indicated support at 0.9322-29, confirming our ... - Aug 01 09:22 GMT
Trade Idea: EUR/GBP - Buy at 0.7855
Euro's near term sideways trading is expected to continue and near term downside risk remains for a test of last week's low at ... - Jul 31 15:03 GMT
Trade Idea: USD/CAD - Buy at 1.0850
As the greenback has retreated after intra-day brief rise to 1.0930, suggesting minor consolidation would be seen and pullback ... - Jul 31 14:59 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/JPY Elliott Wave Analysis
This week's strong rebound has dampened our bearishness and suggests ... - Aug 01 09:58 GMT
USD/CHF Elliott Wave Analysis
As the greenback has maintained a firm undertone after breaking above... - Aug 01 09:50 GMT
EUR/GBP Elliott Wave Analysis
Although euro's recovery after last week's fall to 0.7874 suggests ... - Jul 31 10:42 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 01 11:45 GMT

Action Bias

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

Fundamental Analysis Reports

GBP/USD - Soft UK PMI Drags Down Pound
Aug 01 11:36 GMT, by MarketPulse
GBP/USD has posted strong losses on Friday, as the pair trades in the low-1.68 range in the North American session. The pound has lost about 150 points this week as it trades at six-week lows against...
AUD/USD – Aussie Under Pressure As Inflation Weakens
Aug 01 11:14 GMT, by MarketPulse
AUD/USD continues to lose ground on Friday, as the pair trades in the high 0.93-range in the European session. The struggling Australian dollar has surrendered over 100 points this week and is tradin...
European Market Update: Already Anxious Investors Await US Payroll Data
Aug 01 10:10 GMT, by Trade The News
Bounces have remained muted for the Euro as deflationary forces appear to be strongly intact despite the Jun ECB measures. Dealers noting that the EUR/USD pair remained very much in bear-trend mode (...
Euro Little Changed After Factory Activity Data, US Jobs Data In Focus
Aug 01 10:08 GMT, by ICN.com
The euro last traded at $1.33942, down 0.04 percent against the dollar after data showing the pace of business activity in the euro-area sank in July as growing tensions in Ukraine weighed on sentime...
Gold Slips To Six-Week Lows As Markets Eye Nonfarm Payrolls
Aug 01 09:49 GMT, by MarketPulse
Gold prices are stable on Friday, but remain under pressure. The precious metal posted losses a day earlier and dropped below the 1280 line, its lowest level since June 19. In the European session, t...
EUR/USD - Calm Ahead Of Key US Job Data
Aug 01 09:12 GMT, by MarketPulse
The euro is flat on Friday, as EUR/USD continues to trade shy of the 1.34 level in the European session. In economic news, Spanish and Italian Manufacturing PMIs softened in June, disappointing the m...
All Daily Fundamental Reports >>

Technical Analysis Reports

Dow Future Tumbles ahead of NFP as Market Prepares for Life after QE
Aug 01 11:38 GMT, by Forex.com
Stocks are plunging for a second day and it could potentially get really ugly once the nonfarm payrolls report is released. In normal circumstances, a stronger jobs report would be positive for stock...
GBPJPY - Pulls Back On Correction
Aug 01 10:16 GMT, by FXTechstrategy
GBPJPY – With a pullback underway, the cross faces further downside pressure. Resistance lies at the 174.00 level where a break will aim at the 175.50 level. A cut through here will aim at the 176.00...
Forex Technical Analysis
Aug 01 10:13 GMT, by DeltaStock Inc.
Still in the consolidation pattern below 103.05 and there is a risk of an intraday dip to 102.50 before renewal of the uptrend towards 104.10. Crucial support on the downside lies at 102.30.
Technical Analysis for Crosses
Aug 01 09:50 GMT, by ICN.com
The pair remained stable above the resistance of the previously breached resistance of the descending channel, and SMA 50 and 100 are still supporting the pair from the downside keeping our bullish i...
Technical Analysis for Major Currencies
Aug 01 08:24 GMT, by ICN.com
The pair stabilized around 1.3375 at 50% correction that will be the intraday interval for today showing on graph. While waiting for the Jobs Report today, we notice that Linear Regression Indicators...
EUR/USD Eyes 1.33
Aug 01 07:00 GMT, by Dukascopy Swiss FX Group
EUR/USD continues to grind lower, and it does not seem we are going to observe a pronounced bullish correction before the pair reaches the 2013 Q4 low at 1.33. Then there will be a high chance of a p...
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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