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Jul 31 07:23 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 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

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
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie rose briefly to 0.9472 late last week, the subsequent re... - Jul 30 07:19 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 07:15 GMT

Action Bias

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

Dollar Propelled By Strong US Q2 GDP
Jul 31 07:12 GMT, by KBC Bank
EUR/USD dropped below the 1.34 mark and USD/JPY is tested the 103 resistance as a strong US Q2 GDP gave the dollar additional interest rate support. The Fed acknowledged that the US economy is making...
EURGBP Set To Move
Jul 31 07:07 GMT, by Blackwell Global
The EURGBP pair is following a fairly clear bearish channel as the Euro depreciates and the Pound looks ever more attractive. The European Central Bank (ECB) is releasing stimulus to combat deflation...
The Great Oil Pattern
Jul 31 07:04 GMT, by Blackwell Global
Oil movements were heavy during 2008 and there was massive volatility as people looked to commodities as tangible assets that had value in the face of everything falling apart. I don’t blame them, bu...
Eurozone Unemployment To Hold At 11.6%, CPI Data Eyed Amid Deflation Fears
Jul 31 06:52 GMT, by ICN.com
Thursday's European Macroeconomic agenda will provide investors with latest updates on the Eurozone`s flash consumer prices for July along with June's unemployment rate report. Data due later in the ...
EUR/USD: Fed Presents An Upbeat Assessment Of The US Economy
Jul 31 06:20 GMT, by GCI Financial
The pair is expected to find support at 1.3373, and a fall through could take it to the next support level of 1.3346. The pair is expected to find its first resistance at 1.3421, and a rise through c...
GBP/USD: UK Consumer Confidence For July Dips For The First Time In Six Months
Jul 31 06:19 GMT, by GCI Financial
The pair is expected to find support at 1.6888, and a fall through could take it to the next support level of 1.6857. The pair is expected to find its first resistance at 1.6952, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Jul 31 06:44 GMT, by Varengold Bank
Yesterday's U.S. Commerce Department report showed gross domestic product expanded at a 4 percent annual pace in the second quarter, confirming the Fed's view that a 2.1 percent contraction in the fi...
The Daily Wave Analysis
Jul 31 06:01 GMT, by Admiral Markets
The bearish momentum could be part of an ABC (magenta) or a wave 3 (blue), which will depend on how slow or fast price retraces back up. In the 1st case a wave 3 is more likely; in the latter an ABC.
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...
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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