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Jul 24 04:21 GMT

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Daily Report: Kiwi Tumbles as RBNZ Signals Pause and Warns of Sharp Fall
Jul 24 03:44 GMT, by ActionForex.com
New Zealand dollar drops sharply today after RBNZ hike OCR by 25bps to 3.50% as expected but signaled a pause. Governor Wheeler noted in the statement that it is prudent that there now be a period of assessment before interest rates adjust further towards a more-neutral level. The comments regarding exchange rate were also seen a bit strong as W...

Technical Outlook

GBP/JPY Daily Outlook
At this point, deeper decline is still in favor in GBP/JPY for 172.36 support. Break there will confirm near term rever... - Jul 24 04:06 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains on the downside. The cross is in the third leg of the pattern from 145.68 and should t... - Jul 24 04:04 GMT
EUR/CHF Daily Outlook
Intraday bias in EUR/CHF remains neutral for the moment as consolidation from 1.2133 continues. With 1.2177 resistance ... - Jul 24 04:02 GMT
EUR/GBP Daily Outlook
With 0.7933 minor resistance intact, deeper fall is expected in EUR/GBP. Current decline would extend towards 168.1% pr... - Jul 24 04:00 GMT

Special Reports

BOE Minutes Toned Down Rate Hike Speculations
Jul 23 10:13 GMT
Despite rising growth momentum, BOE policymakers remained divided on whether wh...
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...
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 moved higher again today after yesterday's rally above indicated resistance at 0.9013, adding credence to ... - Jul 23 16:02 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.7140
The British pound met renewed selling interest at 1.7095 and has fallen again, suggesting the decline from 1.7192 top is still ... - Jul 23 15:59 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.3545
As the single currency has remained under pressure after yesterday's selloff below indicated previous support at 1.3477, adding... - Jul 23 15:56 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 101.70
As the greenback has rebounded again after finding support at 101.32, retaining our view that further consolidation above ind... - Jul 23 15:53 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

NZD/USD Candlesticks and Ichimoku Analysis
Although kiwi resumed recent upmove and rose to as high as 0.8836, the s... - Jul 23 07:33 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Aussie's met renewed selling interest at 0.9457 and has retreated again,... - Jul 23 07:27 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound did find renewed buying interest at 1.7060 last... - Jul 22 06:56 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7815
Although the single currency has fallen again today and near term downside risk remains for recent decline in wave v of iii to ... - Jul 23 15:08 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has remained confined within recent range and the retreat from 1.0794 suggests further consolidation below this l... - Jul 23 15:04 GMT
Trade Idea: EUR/JPY - Sell at 137.35
As the single currency has fallen again after meeting renewed selling interest at 137.34 yesterday, adding credence to our bear... - Jul 23 09:29 GMT
Trade Idea: AUD/USD - Hold short entered at 0.9400
As the Australian dollar has rebounded again today after the release of higher-than-expected CPI data, dampening our bearishnes... - Jul 23 09:22 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

AUD/USD Elliott Wave Analysis
Although aussie has rebounded again after holding above indicated p... - Jul 23 10:30 GMT
EUR/CAD Elliott Wave Analysis
  The single currency met renewed selling interest at 1.4653 last we... - Jul 23 09:59 GMT
GBP/USD Elliott Wave Analysis
As the British pound has retreated after last week's marginal rise to... - Jul 22 08:44 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 24 04:15 GMT

Action Bias

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

RBNZ: Rate Rise Not Enough To Save The Falling Kiwi
Jul 24 02:48 GMT, by ThinkForex
As expected, RBNZ raised rates by 25bps, for an overnight cash rate of 3.5%. Despite the rise price sold off immediately, with Dovish comments from Wheeler keeping prices at 6-week lows.
GBP/USD – Pound Slightly Lower Despite Solid UK Data
Jul 24 02:10 GMT, by MarketPulse
GBP/USD has posted slight losses on Wednesday. In the North American session, the pair is trading in the mid-1.70 range. On the release front, BBA Mortgage Approvals met expectations, while CBI Reali...
RBNZ Raises Rates, Signals For A Pause In Its Tightening Cycle
Jul 24 02:02 GMT, by Forex.com
The Reserve Bank of New Zealand (RBNZ) raised the official cash rate to 3.5% from 3.25% as expected. We were also expecting the bank to fire a warning shot at the kiwi and signal that it plans to pau...
AUDNZD: Can The RBNZ Put The Brakes On The Rally?
Jul 24 01:58 GMT, by Forex.com
Much like the USDJPY, which we discussed at length earlier today, the AUDNZD has been rangebound for most of 2014. In its case, the antipodean pairing has been finding consistent support in the 1.05-...
Time For USDJPY Traders To Wake Up?
Jul 24 01:56 GMT, by Forex.com
Out of all the major currency pairs, the USDJPY has undoubtedly been one of the dullest thus far this year. The pair has been trapped within a tight range from roughly 101.00 to 104.00 since mid-Janu...
RBNZ Hikes Official Cash Rate To 3.5%, Says New Zealand Dollar Exchange Rate Unjustified
Jul 24 01:54 GMT, by ICN.com
The Reserve Bank of New Zealand increased its official cash rate by a quarter point for the fourth straight time to 3.5% as expected, but has also signaled a pause to rate hikes in order to assess ho...
All Daily Fundamental Reports >>

Technical Analysis Reports

Market Morning Briefing
Jul 24 03:28 GMT, by Kshitij Consultancy Services
Euro (1.3459) is sleeping after breaking 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...
The Daily Forecaster: EURJPY
Jul 24 02:24 GMT, by FX-Forecaster
Price saw a low in the higher support target at 136.35-45. This should now provide a correction higher although the depth is a little difficult to judge. It could be as low as 137.33-43... so do be a...
AUD/USD – Surges To Two Week High Above 0.9460
Jul 24 02:21 GMT, by MarketPulse
In the last 24 hours the AUD/USD has enjoyed a solid period which saw it surge higher through the resistance level at 0.9425 to a two week high, before easing back towards that level in recent hours....
Australia 200 – Moves To Six Year High
Jul 24 02:12 GMT, by MarketPulse
The Australia 200 Index is easing back slightly from its six year high which has been achieved over the last 24 hours. In recent weeks it has discovered a new key level to deal with after running int...
Daily Forex Update: GBP/USD
Jul 24 02:07 GMT, by Autochartist
GBP/USD continues to fall after the recent reversal from the upper resistance trendline of the daily Up Channel chart pattern. GBP/USD is expected to break this up channel and then to fall to the tar...
EURAUD Has 1-Year Lows In Sight
Jul 24 02:00 GMT, by Forex.com
Yesterday, my colleague Kathleen Brooks discussed the bizarre breakdown in EURUSD. Despite broad-based USD weakness and a lack of negative news out of Europe, the world's most widely-traded currency ...
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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