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Jul 31 09:26 GMT

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Daily Report: Dollar Rally Halted after FOMC, Stay Bullish
Jul 31 05:43 GMT, by ActionForex.com
Dollar stays firm today and maintain the broad based weekly gain. The cautious FOMC statement released overnight halted the greenback's GDP inspired rally. But there is no change in the overall near term bullish outlook. So far, the greenback is gaining most against the Japanese yen thanks to strong rebound in treasury yields. Aussie is feeling ad...

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 : USD/CHF - Buy at 0.9035
As the greenback has eased after surging to 0.9107 yesterday, suggesting minor consolidation would be seen and pullback to the ... - Jul 31 08:00 GMT
Trade Idea: GBP/USD - Sell at 1.7000
As the British pound has remained under pressure after yesterday's selloff, adding credence to our bearish view that recent dec... - Jul 31 07:52 GMT
Trade Idea: EUR/USD - Hold long entered at 1.3402
  Euro's rebound after yesterday's selloff to 1.3367 suggests consolidation would be seen and test of the Ichimoku cloud (now at... - Jul 31 07:48 GMT
Trade Idea: USD/JPY - Buy at 102.55
As dollar has eased after rising to 103.09 yesterday, suggesting minor consolidation would be seen and pullback to the Kijun-Se... - Jul 31 07:44 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/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
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
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 09:20 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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Fundamental Analysis Reports

Dollar Strength Across The Board After Better GDP
Jul 31 08:53 GMT, by Easy Forex
The euro (EUR) crashed yesterday to the lowest point in the last eight months at 1.3366 as the US GDP data came out better than expected at 4.0%, despite the bad US ADP Non-Farm Employment change. Th...
European Shares Drift Lower, Shell Posts Solid Earning
Jul 31 08:47 GMT, by ICN.com
European equity markets moved lower in early European trades as investors turned their attention to safe-haven assets as renewed tensions in Ukraine weighed on market sentiment, and after news that A...
NZD/USD Bottoming Out?
Jul 31 08:28 GMT, by Dukascopy Swiss FX Group
Following more than a half-month long period of depreciation the NZD/USD is finally bottoming out. While U.S. statistics can drag the pair significantly lower, the panic surrounding last RBNZ meeting...
Japan Industrial Output Collapsed In June
Jul 31 08:10 GMT, by Dukascopy Swiss FX Group
A disaster, this is the only way how a report from the Ministry of Economy, Trade and Industry can be called. The industrial output, which is crucial for the world's third largest economy, posted its...
Eurozone Sending Mixed Signals
Jul 31 08:00 GMT, by Dukascopy Swiss FX Group
On the back of stronger than expected growth in the world's largest economy, the most traded currency pair dipped below 1.34–mark. While figures can look unrealistic, unconvincing data from Europe al...
Wait, What? 4.0% Growth? Fed Upbeat On Labour Market
Jul 31 07:59 GMT, by Dukascopy Swiss FX Group
The world's largest economy was expected to bungee jump in the second quarter, recovering from a 2.9% slump in first three months of 2014. The U.S. economy expanded at an annualized rate of 4.0% betw...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD Elliott Wave: Bearish Impulse Is Underway
Jul 31 09:18 GMT, by Elliott Wave Financial Service
AUDUSD is trading south as expected after only three wave rally from 0.9327 up to 0.9470. We labeled that move as wave (ii)/(b), so in either case we were looking for a drop to a new low of July. 0.9...
Today's Market Outlook
Jul 31 09:05 GMT, by Windsor Brokers Ltd
The Euro remains negative and posted new low at 1.3365 yesterday, level which marks 50% of 1.2754/1.3992 upleg. Subsequent bounce, which so far stays capped at 1.34 barrier, could be seen as consolid...
Technical Analysis for Major Currencies
Jul 31 08:26 GMT, by ICN.com
Yesterday's downside move pushed the pair to touch 50% correction at 1.3375 which is the significant intraday interval for today, and breaking it is required to extend the downside move.
Technical Analysis for Crosses
Jul 31 08:25 GMT, by ICN.com
The pair breached the intraday descending channel showing on graph giving the pair a positive push that supports positive trading in the upcoming period targeting 175.30 then 178.00. Therefore, the u...
EUR/USD Is Inclined To Extend Decline
Jul 31 07:39 GMT, by Dukascopy Swiss FX Group
Despite the strong downward momentum the support at 1.3383/69 managed to withstand the attack of the bears yesterday. And while there is a possibility of a pull-back up to 1.35 (three-month down-tren...
GBP/USD Tries To Find Support At 1.69
Jul 31 07:38 GMT, by Dukascopy Swiss FX Group
There still seems to be a small chance for the Sterling to avoid further depreciation, as it is currently facing a number of strong supports. Apart from a long-term rising trend-line, there is the 10...
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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