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Jul 25 08:56 GMT

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Daily Report: Yen Soft as CPI Slowed, German Ifo & UK GDP Watched
Jul 25 07:13 GMT, by ActionForex.com
Japan Yen remains soft against other major currencies after release of inflation data today. The national CPI core slowed to 3.3% yoy in June as expected, down from May's 3.4% yoy. After adjustment for the April tax hike, CPI ore slowed to 1.3% yoy, down from prior month's 1.4% yoy. That's the second month of slow down from April's 1.5% yoy. BoJ g...

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 25 08:19 GMT
EUR/JPY Daily Outlook
A temporary low is formed at 136.36 in EUR/JPY and intraday bias is turned neutral first. With 137.71 resistance intact... - Jul 25 08:16 GMT
EUR/AUD Daily Outlook
With 1.4358 resistance intact, deeper decline could still be seen. But still, the fall from 1.5831 is viewed as a corre... - Jul 25 08:00 GMT
EUR/GBP Daily Outlook
The breach of 0.7933 minor resistance is taken as the first sign of reversal on bullish convergence condition in 4 hour... - Jul 25 07:57 GMT

Special Reports

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 ...
RBNZ Announced Last Rate Hike Before Pause To Assess Impacts
Jul 24 06:01 GMT
The RBNZ raised the OCR for a 4th consecutive time, by +25 bps to 3.5%, in July...
BOE Minutes Toned Down Rate Hike Speculations
Jul 23 10:13 GMT
Despite rising growth momentum, BOE policymakers remained divided on whether wh...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.8970
Despite yesterday's retreat from 0.9038, outlook remains supportive for recent erratic rise from 0.8699 low to extend further gai... - Jul 25 07:44 GMT
Trade Idea: GBP/USD - Sell at 1.7040
As cable has remained under pressure after yesterday's selloff to 1.6966, adding credence to our view that top has been formed at... - Jul 25 07:35 GMT
Trade Idea: EUR/USD - Buy at 1.3415
Despite yesterday's rebound from 1.3438 to 1.3485, still reckon the upper Kumo (now at 1.3493) would limit upside and near term d... - Jul 25 07:27 GMT
Trade Idea: USD/JPY - Hold short entered at 101.70
Yesterday's rally has dampened our near term bearishness and indicated resistance at 101.86 needs to hold to retain prospect of a... - Jul 25 07:20 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
Although the single currency fell again this week, loss of near term dow... - Jul 24 10:33 GMT
EUR/CHF - Candlesticks and Ichimoku Analysis
The single currency remained confined within near term established range... - Jul 24 10:04 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/JPY - Buy at 136.70
Euro's rebound after yesterday's brief fall to 136.37 suggests consolidation above this support would be seen with mild upside bi... - Jul 25 08:35 GMT
Trade Idea: AUD/USD - Stand aside
Although the Australian dollar has retreated after meeting resistance at 0.9472 yesterday and further choppy trading is in store,... - Jul 25 08:30 GMT
Trade Idea: EUR/GBP - Buy at 0.7905
Euro's rebound after falling to 0.7874 suggests a temporary low is possibly formed and consolidation with mild upside bias is s... - Jul 24 15:08 GMT
Trade Idea: USD/CAD - Stand aside
The greenback has continued to trade narrowly and further consolidation within recent range would be seen, only a firm breach a... - Jul 24 15:02 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
As euro has recovered after yesterday's brief fall to 0.7874, sugge... - Jul 24 11:19 GMT
USD/CAD Elliott Wave Analysis
Although the greenback rebounded earlier this month to 1.0794, the ... - Jul 24 11:14 GMT
AUD/USD Elliott Wave Analysis
Although aussie has rebounded again after holding above indicated p... - Jul 23 10:30 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 25 08:50 GMT

Action Bias

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

German Business Confidence Falls For Third Month In July
Jul 25 08:40 GMT, by ICN.com
German business confidence, based on a survey of 7,000 executives, slipped more than estimates in July on geopolitical tensions in Ukraine and low inflation in the euro area. The business climate ind...
UK Economy To Return To Pre-Crises Peak In Second-Quarter
Jul 25 08:14 GMT, by ICN.com
Official figures out later in the day are set to show the United Kingdome’s economy has returned to pre-recession levels, ending the longest downturn in post-war history. To hit its pre-crisis peak, ...
JPY Little Changed Post-CPI, USD Better Bid
Jul 25 08:12 GMT, by Swissquote Bank SA
The Japanese consumer price inflation slightly retreated from 3.7% to 3.6% year to June, prices ex-food and energy advanced 3.3% y/y (vs. 3.4% last). In Tokyo, the headline CPI decelerated from 3.0% ...
Gold Continues The Bearish Trend And Trades Below 1300
Jul 25 08:11 GMT, by Easy Forex
The euro (EUR) continued the downtrend and reached a new 8-month low at 1.3437 against the US dollar (USD). The single currency rebounded up to1.3484 after better than expected German Flash Manufactu...
Daily FX Analysis
Jul 25 08:10 GMT, by Investica
There was a mixed batch of flash Euro-zone PMI releases for July with further deterioration in French manufacturing offset by a recovery in the services sector. Significant gains for Germany proved t...
AUDCAD Set To Fall
Jul 25 07:20 GMT, by Blackwell Global
The Australian Canadian dollar cross is not normally one you hear about, but markets are certainly looking a little hard to read over the course of the last 24 hours, and this opportunity is hard to ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Jul 25 08:46 GMT, by Windsor Brokers Ltd
Euro’s near-term price action has established below 1.35 level, after sustained break lower. Spike to 1.3436, day’s low, where the price met initial target at Fibonacci 161.8% expansion and daily clo...
USD/CHF To Preserve Momentum
Jul 25 07:40 GMT, by Dukascopy Swiss FX Group
USD/CHF seems to be already taking a break in view of the coming weekend, as it is making no progress after setting foot above the resistance at 0.90. This fact should result in the currency pair ris...
USD/JPY Re-Tests Monthly Pivot Point
Jul 25 07:39 GMT, by Dukascopy Swiss FX Group
Not without some difficulties, but USD/JPY managed to reach the resistance at 101.83/73. However, despite the monthly technical indicators giving ‘buy' signals, the pair may not advance further. The ...
EUR/USD Refuses To Go Down
Jul 25 07:37 GMT, by Dukascopy Swiss FX Group
For the time being the single European currency is reluctant to decline, even though it has just breached one of the key support lines, namely 1.35. Right now the pair is facing the monthly S1 at 1.3...
GBP/USD Fell To 55-Day SMA
Jul 25 07:36 GMT, by Dukascopy Swiss FX Group
Although a breach of the resistance on Jun 30 represented by the 2009 high was considered to be a bullish sign, in the end the Sterling proved to be unable to sustain a rally. Right now GBP/USD is te...
Daily FX Report
Jul 25 05:58 GMT, by Varengold Bank
The USD continues its upward trend and yesterday the Dollar Spot Index, which tracks the currency against 10 major counterparts climbed to its highest in a month. According to the Bloomberg Correlati...
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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