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Aug 01 07:48 GMT

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Daily Report: Markets Rocked by Argentina Default, Focus on Non-Farm Payrolls
Aug 01 05:28 GMT, by ActionForex.com
The financial markets were rocked by Argentina's default overnight, with weakened sentiments on concerns that the Fed might begin tightening earlier than expected. The S&P 500 index ended the day -2%, or 39.4 pts lower and took out key near term support of 1944.69. DJIA fell -1.88%, or -317.06 pts, to close at 16563.3, also broke key near term...

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: USD/CHF - Buy at 0.9035
Although dollar's near term sideways trading is likely to continue and pullback to the lower Kumo (now at 0.9072) cannot be ruled... - Aug 01 07:43 GMT
Trade Idea: 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 07:39 GMT
Trade Idea: 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 07:34 GMT
Trade Idea: USD/JPY - Buy at 102.35
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 07:30 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
As the single currency has remained under pressure, suggesting recent de... - Jul 31 07:22 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency finally rebounded after holding above support at 1.2... - Jul 31 07:07 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
The Australian dollar found support at 94.40 and has rebounded last week... - Jul 30 07:22 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

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
Trade Idea: EUR/JPY - Hold long entered at 136.70
As the single currency has rebounded yesterday and broke above indicated resistance at 137.25-34, adding credence to our view t... - Jul 31 09:15 GMT
Trade Idea: AUD/USD - Sell at 0.9350
  Yesterday's selloff together with the breach of indicated support at 0.9322-29 confirm our view that top has been formed at 0.... - Jul 31 09:06 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Although euro's recovery after last week's fall to 0.7874 suggests ... - Jul 31 10:42 GMT
USD/CAD Elliott Wave Analysis
The greenback found renewed buying interest just above support at 1... - Jul 31 10:36 GMT
AUD/USD Elliott Wave Analysis
As aussie has retreated after meeting resistance at 0.9472 last wee... - Jul 30 10:19 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Aug 01 07:40 GMT

Action Bias

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

Daily FX Analysis
Aug 01 07:42 GMT, by Investica
The latest Euro-zone flash consumer inflation reading was weaker than expected with a decline to fresh four-year lows of 0.4%, maintaining pressure on the ECB. The inflation data also tended to put f...
Dollar In Wait-And-See Mode Ahead Of The Payrolls
Aug 01 07:32 GMT, by KBC Bank
Yesterday, the dollar held near the highs against the yen and the euro. However, a real test didn't occur. Today's payrolls, and in particular the statistics on wages, will decide whether the dollar ...
More Disappointing News From Australia
Aug 01 07:08 GMT, by Dukascopy Swiss FX Group
Next week the RBA will have its word and even though the central bank will stay pat on the monetary policy, Glenn Stevens can radically change a tone of his speech from neutral to dovish. The central...
Another Test For Draghi's Patience
Aug 01 07:07 GMT, by Dukascopy Swiss FX Group
On Wednesday statistical offices from Germany and Spain unveiled their inflation data that were not very promising. Stimulus that was announced in June by the ECB was expected to boost growth and inf...
U.S. Jobless Claims Rise, But Strengthening Still In Place
Aug 01 07:06 GMT, by Dukascopy Swiss FX Group
Despite the fact that the number of Americans seeking unemployment aid increased last week after plummeting to the lowest level in 14 years earlier in the month, the underlying trend still points to ...
House Prices In U.K. Growing At Slower Pace
Aug 01 07:05 GMT, by Dukascopy Swiss FX Group
This year there is no as much pressure on the Bank of England concerning the housing market as it was in 2013. A set of measures aimed at cooling demand and prices in the housing market is finally wo...
All Daily Fundamental Reports >>

Technical Analysis Reports

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...
GBP/USD Fell Through 100-Day SMA
Aug 01 06:58 GMT, by Dukascopy Swiss FX Group
There is now little hope for the bulls, being that GBP/USD has broken most of its main supports. The monthly technical indicators may still remain positive, but, given the absence of any significant ...
USD/JPY - The Sky Is The Limit
Aug 01 06:57 GMT, by Dukascopy Swiss FX Group
It look a little longer than initially expected, but the upward momentum is finally gaining traction. This is evidenced by a majority of the technical indicators on all time-frames giving ‘buy' signa...
USD/CHF Decelerates Ahead Of Weekly R2
Aug 01 06:55 GMT, by Dukascopy Swiss FX Group
USD/CHF took a break ahead of the weekly R2 and Bollinger band, but there should be no difficulties for the pair to reach the 2014 peak at 0.9156, as suggested by the daily and weekly studies. If we ...
The Daily Wave Analysis
Aug 01 05:27 GMT, by Admiral Markets
If further downside occurs then the wave 5 (dark red) would become extended. Breakouts (red arrows) could occur below support (purple trend line) down towards the Fibonacci targets
Foreign Exchange Market Commentary
Aug 01 03:59 GMT, by HY Markets
THE EURO closed lower on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that...
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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