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US Session: Orders and Options Watch
Aug 01 14:08 GMT, by ActionForex.com
EUR: The single currency jumped in NY morning on weaker-than-expected IS job data (both NFP and unemployment rate), offers at 1.3400 and 1.3420-30 were filled but sell orders are still noted at 1.3440-50 (stops above) and further out at 1.3470-80, followed by mixture of offers and stops at 1.3490-00, selling interest is tipped at 1.3520-30. On the...

Technical Outlook

EUR/GBP Weekly Outlook
EUR/GBP's rebound from 0.7873 extended higher last week and broke 0.7980 resistance. The development firstly confirmed ... - Aug 02 08:27 GMT
EUR/AUD Weekly Outlook
EUR/AUD's rebound from 1.4197 extended higher last week and the development confirmed short term bottoming after hittin... - Aug 02 08:16 GMT
EUR/CHF Weekly Outlook
EUR/CHF attempted to rally last week but failed to extend gain after reaching 1.2177. Subsequent pull back mixed up the... - Aug 02 08:08 GMT
GBP/USD Mid-Day Outlook
GBP/USD drops further to as low as 1.6802 so far today and intraday bias remains on the downside. As noted before, a me... - Aug 01 14:25 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 Wrap-up: USD/CHF - Buy at 0.9010
Dollar's intra-day selloff has retained our view that further consolidation below this week's high of 0.9107 would be seen and co... - Aug 01 15:26 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.6950
As the British pound recovered after intra-day fall to 1.6812, suggesting minor consolidation would be seen and recovery to 1.688... - Aug 01 15:22 GMT
Trade Idea Wrap-up: EUR/USD - Hold long entered at 1.3402
The single currency has rebounded in NY morning after the release of weaker-than-expected US job data, retaining our view that fu... - Aug 01 15:20 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 102.75
Dollar's retreat after faltering below this week's high at 103.09 together with the breach of the lower Kumo suggest top is possi... - Aug 01 15:15 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/GBP - Buy at 0.7945
Current rebound suggests a temporary low has been formed at 0.7874 last week and consolidation with upside bias is seen for test ... - Aug 01 14:30 GMT
Trade Idea: USD/CAD - Buy at 1.0835
Despite intra-day brief rise to 1.0944, lack of follow through buying on break of yesterday's high of 1.0930 and current retreat ... - Aug 01 14:24 GMT
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
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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Last Updated: Aug 01 20:55 GMT

Action Bias

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

Fundamental Analysis Reports

Weekly Economic and Financial Commentary
Aug 02 04:04 GMT, by Wells Fargo Securities
Economic data this week reinforced our view for a solid growth environment following a contraction in GDP in the first quarter. Second quarter GDP growth rose a solid 4 percent with broadbased gains....
The Weekly Bottom Line
Aug 02 03:51 GMT, by TD Bank Financial Group
When it rains, it pours. In the biggest week for economic data in recent memory, it was equity markets that took center stage. Well, stumbled off the stage may be a more fitting metaphor. Equities so...
The Seemingly Unstoppable Dollar
Aug 02 03:40 GMT, by Forex.com
The inability of the US dollar to significantly strengthen against its G10 counterparts dominated market chatter earlier this year, but a more hawkish Fed backed by strong US economic data appears to...
Week in FX Americas - Does Friday's NFP Change the Landscape?
Aug 02 03:33 GMT, by MarketPulse
It looks like it, it feels like it, and for the sake of forex investors everywhere, it seems the market is finally trying to price in the long-awaited USD rally. Currency and CFD (contract for differ...
Week in FX Europe - Euro Market Woes to Cap the EUR
Aug 02 03:32 GMT, by MarketPulse
The 18-member single unit has its work cut out if there is any hope to gain sustainable traction. There are a plethora of negatives currently impeding the EUR's rise in the short term despite the mod...
Hiring Strong in July, but Details Give Fed Breathing Room
Aug 01 14:52 GMT, by Wells Fargo Securities
Hiring moderated in July, with employers adding 209,000 new jobs. While below market expectations, the trend in hiring remains solid. Job growth has run above 200,000 for six consecutive months, a fe...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCAD: Don't Miss the Bullish Forest for the Trees
Aug 02 03:36 GMT, by Forex.com
For many frequent traders, it's surprisingly easy to get caught up in the day-to-day fluctuations of the market and lose sight of the longer-term trends. For that reason, successful short-term trader...
Technical Outlook: Important Euro Pairs
Aug 01 12:18 GMT, by Admiral Markets
The pair on Friday decisively conquered the upper trend-line resistance of a short-term descending channel formation on daily charts and now seems to continue the momentum towards 23.6% Fib. retracem...
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...
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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