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Market Overview |
Daily Report: Dollar Lifted by China Comments, ECB & NFP AwaitedJul 02 07:40 GMT, by ActionForex.com Dollar recovers strongly on supportive comments from China again but after all, financial markets are generally indecisively mixed ahead of key events of ECB rate decision and US Non-Farm Payroll report today. In the currency markets, note that EUR/U...
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Special Reports |
Events to Watch: ECB and US Employment As the FocusJun 27 14:55 GMT, by ActionForex.com We are going to have a busy week despite US' public holiday Friday. The ECB will meet Thursday but will likely keep its policy rate unchanged. On the 'non-standard' easing front, we expect more details on the purchase on covered bonds. Moreover, afte...
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EURUSD Technical Outlook |
EUR/USD Mid-Day OutlookJul 02 14:22 GMT, by ActionForex.com EUR/USD dives sharply to as low as 1.4004 in early US session and focus is now on 1.4000 support. Break there will suggest that whole recovery from 1.3474 has completed. Further break of 1.3826 support will indicate that fall from 1.4337 is likely re...
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USDJPY Technical Outlook |
USD/JPY Mid-Day OutlookJul 02 13:17 GMT, by ActionForex.com USD/JPY's break of 96.16 minor support indicates that an intraday top is at least formed at 96.96 and flips intraday bias back to the downside. Near term focus remains on 94.87 support. As long as this support holds, we'd still prefer the case that f...
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GBPUSD Technical Outlook |
GBP/USD Mid-Day OutlookJul 02 14:27 GMT, by ActionForex.com Intraday bias in GBP/USD remains on the downside with focus on 1.6232 support. As noted before, break there will be an early signal that GBP/USD has topped out already, with bearish divergence conditions in 4 hours MACD and RSI. Deeper decline should...
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USDCHF Technical Outlook |
USD/CHF Mid-Day OutlookJul 02 14:07 GMT, by ActionForex.com USD/CHF's rebound from 1.0712 extends further in early US session and pushes 4 hours MACD above signal line. It's likely that correction from 1.1021 has completed and break of 1.0889 resistance will confirm this case and bring retest of 1.1021 first....
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USDCAD Technical Outlook |
USD/CAD Daily OutlookJul 02 08:51 GMT, by ActionForex.com As mentioned before, a short term top might be in place at 1.1653 on bearish divergence conditions in 4 hours MACD and RSI, just ahead of 38.2% retracement of 1.3063 to 1.0784 at 1.1655. Further consolidation might be seen, with risk of another pull...
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AUDUSD Technical Outlook |
AUD/USD Mid-Day OutlookJul 02 13:53 GMT, by ActionForex.com AUD/USD's break of 0.7983 minor support suggests that rebound from 0.7788 has completed at 0.8154 already. Intraday bias is flipped back to the downside for a test of 0.7788 support first. It's still possibly that price actions from 0.8236 are correc...
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EURJPY Technical Outlook |
EUR/JPY Mid-Day OutlookJul 02 13:58 GMT, by ActionForex.com EUR/JPY's break of 135.50 minor support suggests that an intraday top is at least formed. As mentioned before, we treats the rebound form 131.41 as a correction to fall from 139.21 only and hence, such correction might have completed at 136.87 too. B...
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EUR/GBP Technical Outlook |
EUR/GBP Daily OutlookJul 02 09:15 GMT, by ActionForex.com EUR/GBP's break of 0.8603 resistance revives the case that the cross has bottomed out at 0.8399. Break of 0.8633 (50% retracement of 0.8866 to 0.8399 and 100% projection of 0.8399 to 0.8597 from 0.8435) will solidify the case that such rise from 0.83...
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EUR/CHF Technical Outlook |
EUR/CHF Daily OutlookJul 02 09:04 GMT, by ActionForex.com EUR/CHF rebounds strongly after drawing strong support from mentioned 1.5191 cluster support as expected. Intraday outlook is turned neutral for the moment. Above 1.5282 will indicate that pull back from 1.5380 has completed and will flip intraday bi...
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GBPJPY Technical Outlook |
GBP/JPY Daily OutlookJul 02 09:19 GMT, by ActionForex.com Intraday outlook in GBP/JPY is turned neutral as consolidation from 160.24 extends further. Nevertheless, another rise is still mildly in favor as long as 156.69 minor support holds. Break of 160.24 will target a retest of 162.56 first. Break will co...
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Action Insight Newsletter |
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Candlesticks and Ichimoku |
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Latest Forex Fundamentals |
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