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Jul 31 05:20 GMT

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Action Insight

Dollar Pared Some Gains as Fed Continued Tapering, Sounded Cautious
Jul 30 18:31 GMT, by ActionForex.com
Dollar pares back some of the GDP inspired gains after FOMC announced to continue to taper the monthly asset purchases as widely expected. DOW once dived to as low as 16817.16 but recovered after the FOMC announcement and is trading near term flat around 16900 area. S&P 500 is indeed having mild gain at the time of writing. Fed continued that ...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside with 1.3415 minor resistance intact. The fall from 1.3993 is expected ... - Jul 31 05:08 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... - Jul 31 05:00 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for the moment. Current rally from 0.8698 is still in progress and shoul... - Jul 31 04:56 GMT
USD/JPY Daily Outlook
USD/JPY rose to as high as 103.08 so far and reached mentioned target of 100% projection of 100.82 to 102.79 from 101.0... - Jul 31 04:53 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: EUR/USD - Hold long entered at 1.3402
As euro's decline gathered momentum on dollar's broad-based strength after solid US data, suggesting near term downside risk re... - Jul 30 15:25 GMT
Trade Idea Wrap-up: USD/CHF - Buy at 0.9010
As dollar's upmove has accelerated, adding credence to our bullish view that the erratic rise from 0.8699 low is still in progr... - Jul 30 15:19 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.7000
Cable's intra-day selloff on dollar's broad-based rally signals recent decline from 1.7192 top is still in progress for retrace... - Jul 30 15:15 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As dollar's upmove has accelerated on solid US data, suggesting recent rise is still in progress and price just broke above ind... - Jul 30 15:11 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
The Australian dollar found support at 94.40 and has rebounded last week... - Jul 30 07:22 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie rose briefly to 0.9472 late last week, the subsequent re... - Jul 30 07:19 GMT
GBP/USD Candlesticks and Ichimoku Analysis
The British pound met renewed selling interest just below the Tenkan-Sen (... - Jul 29 08:10 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7855
The single currency has remained confined within narrow range and as long as resistance at 0.7940 holds, near term downside r... - Jul 30 14:56 GMT
Trade Idea: USD/CAD - Buy at 1.0850
As recent rise has gathered momentum on broad-based strength in the greenback and indicated resistance at 1.0896 was penetrated... - Jul 30 14:50 GMT
Trade Idea: EUR/JPY - Hold long entered at 136.70
As the single currency has remained confined within near term narrow range, retaining our view that further sideways trading wo... - Jul 30 08:54 GMT
Trade Idea: AUD/USD - Sell at 0.9410
As the Australian dollar has remained under pressure after retreating from 0.9472, suggesting rebound from 0.9329 has ended and... - Jul 30 08:50 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
As aussie has retreated after meeting resistance at 0.9472 last wee... - Jul 30 10:19 GMT
EUR/CHF Elliott Wave Analysis
Although euro's recovery has retained our view that consolidation a... - Jul 30 10:15 GMT
GBP/CHF Elliott Wave Analysis
Although the British pound edged higher again to 1.5433 last week and... - Jul 29 08:54 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 31 05:15 GMT

Action Bias

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

Fundamental Analysis Reports

AUDNZD - Has The Reversal Begun?
Jul 31 04:48 GMT, by Forex.com
Earlier this week we highlighted the possibility of weakness in AUDNZD, after a short period of strength. Sure enough the pair has pushed higher in the last few days, but now a string of disappointin...
Import And Export Prices Dropped In Australia
Jul 31 03:00 GMT, by ICN.com
Australian economy notices a noticeable weakness in its import and export prices in June, where Australian economy struggles amid the recent instability with its main trade partner and its national c...
Nylon Handover: US Data Delivers As Greenback Continues To Thrive
Jul 31 02:14 GMT, by ThinkForex
Advance GDP at 4%: Its highest since Jan 2010; GDP Price Index sits at 2%. FED keeps rates on hold at 0.25%. Hawks are still calling for a rise in Q4 but Doves suspect it will more likely be Q2 2015....
After Q2 GDP Surged To 4% It's Time For A Huge Rally In The US Dollar
Jul 31 02:03 GMT, by Vantage FX
Last night's GDP surge to 4% annualised in Q2 was just another sign that the US economy is on a very different trajectory to that of Europe. Indeed even though data is starting to show cracks in Aben...
US FOMC Holds Fed Funds Steady and Reduces Monthly Asset Purchases by a Further $10 Billion
Jul 30 18:58 GMT, by RBC Financial Group
Today, the Federal Open Market Committee (FOMC) met expectations and cut a further $10 billion from the pace of monthly asset purchases. Beginning in August 2014, the Fed will purchase $10 billion of...
GBP/USD - Pound Slide Continues as US GDP Soars
Jul 30 17:39 GMT, by MarketPulse
GBP/USD continues to lose ground on Wednesday, as the pair trades at the 1.69 line in the North American session. The sagging pound has now lost close to 200 points in the past week. On the release f...
All Daily Fundamental Reports >>

Technical Analysis Reports

Euro Declines On Positive U.S. Growth Data
Jul 31 04:44 GMT, by ZIFX.com
On Wednesday Euro/Dollar decreased with 50 pips. The European currency depreciated from 1.3416 to 1.3366 yesterday, matching the negative money flow sentiment at nearly -15%, closing the day at 1.339...
Foreign Exchange Market Commentary
Jul 31 04:11 GMT, by HY Markets
THE EURO closed lower on Wednesday. The midrange close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling t...
Market Morning Briefing
Jul 31 03:29 GMT, by Kshitij Consultancy Services
The US GDP data brought more cheer for the Dollar bulls everywhere but perhaps the time for some caution is here with the Dollar Index still unable to convincingly trade above the 10 month resistance...
The Daily Forecaster: GBPUSD
Jul 31 03:26 GMT, by FX-Forecaster
Losses did move down to the 1.6923-30 projection zone but the very shallow correction option developed and quickly losses extended into the 1.6880-95 support. There is no hourly bullish divergence bu...
Australia 200 - Surges Through 5600 To New High
Jul 31 02:23 GMT, by MarketPulse
The Australia 200 Index is presently on quite a roll as it has enjoyed a solid three week period which has seen it move strongly up through both the 5500 and 5550 levels to reach a new six year high ...
AUD/USD – Drops To Seven Week Low Near 0.9300
Jul 31 02:17 GMT, by MarketPulse
The Australian dollar is presently trying to rally and stay above the support level at 0.9300 after its sharp fall in recent hours which saw it move from near 0.9400 down to a seven week low just abo...
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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