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Jul 23 05:45 GMT

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Daily Report: Euro Stays Weak as Imposes New Sanctions on Russia
Jul 23 04:18 GMT, by ActionForex.com
Euro stays generally weak as EU agreed to impose new sanctions on Russian officials for the suspected role in downing a Malaysia Airline jet over eastern Ukraine last week. EU ministers agreed to draft a new set of names that provide financial or material support to Russia's decision makers. And, they warned of further actions if there is no fu...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for the moment. Sustained trading below 1.3476 key support will carry ... - Jul 23 05:21 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains mildly on the downside for the moment. A short term top was formed at 1.7190 on bearis... - Jul 23 05:17 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for 0.9036 resistance. Break there will confirm resumption of whole rise... - Jul 23 05:15 GMT
USD/JPY Daily Outlook
The choppy decline from 102.79 could extend lower and could break 101.06 support. However, we don't see enough momentum... - Jul 23 05:12 GMT

Special Reports

RBNZ To Tighten Again In July, Might Pause Afterwards
Jul 22 04:14 GMT
Despite recent weak economic data, the RBNZ is expected to raise the OCR by ano...
BOC More Dovish Than Expected, Warned Of Sluggish Growth
Jul 17 03:19 GMT
The BOC left the policy rate unchanged at 1% in July and maintained a neutral t...
Chinese Growth Beat Expectations In 2Q14, Thanks To Stimulus
Jul 16 11:29 GMT
China's GDP grew +7.5% y/y in 2Q14, accelerating from +7.4% in the prior quarte...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.8970
As the greenback has surged again and broke above indicated resistance at 0.9013, adding credence to our view that early erratic ... - Jul 22 15:33 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.7140
As the British pound has remained under pressure after falling from last week's high of 1.7192, retaining our view that a tempora... - Jul 22 15:29 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3545
As the single currency has fallen again and broke below last week's low at 1.3491, adding credence to our bearishness for recent ... - Jul 22 15:25 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 101.70
As the greenback has rebounded again after intra-day brief retreat to 101.33 (just held around the upper Kumo), retaining our vie... - Jul 22 15:22 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did find renewed buying interest at 1.7060 last... - Jul 22 06:56 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback found renewed buying interest just below 0.8900 and has rall... - Jul 22 06:50 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency met renewed selling interest at 1.3651 earlier this mo... - Jul 21 07:02 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7815
As the single currency has remained under pressure after meeting renewed selling interest at 0.7933 last week, suggesting near te... - Jul 22 14:00 GMT
Trade Idea: USD/CAD - Stand aside
Despite last week's rebound to 1.0794, subsequent retreat suggests further consolidation would be seen and a firm breach above sa... - Jul 22 13:52 GMT
Trade Idea: EUR/JPY - Sell at 137.70
Euro's consolidation after last week's fall to 136.71 is likely to continue and although recovery to 137.60-70 cannot be ruled ou... - Jul 22 08:10 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9400
Aussie's rebound after holding above indicated previous support at 0.9322 suggests further consolidation would be seen but still ... - Jul 22 08:05 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
As the British pound has retreated after last week's marginal rise to... - Jul 22 08:44 GMT
GBP/JPY Elliott Wave Analysis
The British pound broke above previous resistance at 174.85 earlier t... - Jul 22 08:32 GMT
USD/JPY Elliott Wave Analysis
Despite rebounding to 101.79 initially last week, as the greenback me... - Jul 21 10:00 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 23 05:40 GMT

Action Bias

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

AUD/USD: Aussie Trading On A Higher Footing Amid Upbeat Inflation Numbers From Australia
Jul 23 05:29 GMT, by GCI Financial
The pair is expected to find support at 0.9391, and a fall through could take it to the next support level of 0.9348. The pair is expected to find its first resistance at 0.9459, and a rise through c...
USD/CHF: Swiss France extends Its Decline This Morning
Jul 23 05:27 GMT, by GCI Financial
The pair is expected to find support at 0.8993, and a fall through could take it to the next support level of 0.8961. The pair is expected to find its first resistance at 0.9042, and a rise through c...
USD/CAD: Loonie Trading Below Its MA's
Jul 23 05:23 GMT, by GCI Financial
The pair is expected to find support at 1.0716, and a fall through could take it to the next support level of 1.0703. The pair is expected to find its first resistance at 1.0752, and a rise through c...
EUR/USD: US Inflation Numbers For June Came In Line-With-Expectations
Jul 23 05:19 GMT, by GCI Financial
The pair is expected to find support at 1.3437, and a fall through could take it to the next support level of 1.3412. The pair is expected to find its first resistance at 1.3509, and a rise through c...
GBP/USD: Pound Trading Tad Higher Ahead Of The BoE Minutes
Jul 23 05:17 GMT, by GCI Financial
The pair is expected to find support at 1.7047, and a fall through could take it to the next support level of 1.7023. The pair is expected to find its first resistance at 1.709, and a rise through co...
USD/JPY: Japan May Witness End Of Deflation, BoJ's Hiroshi Nakaso
Jul 23 05:15 GMT, by GCI Financial
The pair is expected to find support at 101.29, and a fall through could take it to the next support level of 101.17. The pair is expected to find its first resistance at 101.58, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily Technical Analysis
Jul 23 05:04 GMT, by FX Instructor
The EURUSD had a bearish momentum yesterday bottomed at 1.3457. The bias is bearish in nearest term testing 1.3400. Immediate resistance is seen around 1.3500. A clear break above that area could lea...
Weak Euro Coincides With ECB Expectations
Jul 23 04:38 GMT, by ZIFX.com
On Tuesday Euro/Dollar decreased with 70 pips. The European currency depreciated from 1.3530 to 1.3459 yesterday, matching the negative money flow sentiment at under -19%, closing the day at 1.3463. ...
Foreign Exchange Market Commentary
Jul 23 04:06 GMT, by HY Markets
THE EURO closed lower on Tuesday and below June's low as it extends the decline off this month's high. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session b...
Market Morning Briefing
Jul 23 03:32 GMT, by Kshitij Consultancy Services
Euro (1.3462) has broken down below 1.3475 as it trades at an 8 month low. Right now, it is tottering at the monthly trendline support at 1.3450, below which the door to 1.33 and 1.31 opens up. Expec...
AUD/USD – Runs Into Resistance At 0.9425 Yet Again
Jul 23 01:23 GMT, by MarketPulse
The Australian dollar is presently trading in a small range just below 0.94 after surging higher to the well established resistance level at 0.9425 and being rejected again in recent hours. It has st...
Australia 200 – Easing Away From Resistance At 5550
Jul 23 01:20 GMT, by MarketPulse
The Australia 200 Index has found a new key level to deal with in recent weeks as it has been able to consistently move through the 5500 level however it has now run into a short term resistance leve...
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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