Forex Trading

World Interest Rates

US dollar interest rates   USD   0.25% euro interest rates   EUR   0.15%
japanese yen interest rates   JPY   0.10% england interest rates   GBP   0.50%
swiss-franc,switzerland interest rates   CHF   0.00% australian dollar interest rates   AUD   2.50%
canadian dollar interest rates   CAD   1.00% new zealand dollar interest rates   NZD   3.25%
chinese yuan interest rates   CNY   6.00% indian rupee interest rates   INR    8,00%
brazil real interest rates   BRL   11.0% hong Kong dollar interest rates   HKD   0.50%
mexican peso interest rates   MXN   3.00% south Korean won interest rates   KRW   2.50%
taiwan dollar interest rates  TWD   1.875%  

 

Forex Outlook and Forecast

EUR/USD Weekly Outlook - July 28 to August 1, 2014

Written By : ForexAbode.com || 2014-07-27 02:18:45 GMT

EUR/USD failed in its attempt of slight recovery at 1.3549 and fell strongly during the last week.

EUR/USD Fundamental Analysis & Economic Strength Meter - July 26, 2014

Written By : ForexAbode.com || 2014-07-25 18:26:01 GMT

The EUR/USD fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

EUR/USD Daily Analysis - July 25, 2014

Written By : ForexAbode.com || 2014-07-25 02:09:20 GMT

Current Exchange Rate: 1.3455 at the time of analysis update. Intraday overall outlook:   EUR/USD outlook remains same as we had mentioned during the previous update.

EUR/USD caught between uncertainties of fundamentals and technical factors

Written By : himanshu || 2014-06-30 07:52:55 GMT

EUR/USD had touched 1.3651 on June 25th and had found strong resistance at 55-day EMA.

USD/JPY Weekly Outlook - July 28 to August 1, 2014 

Written By : ForexAbode.com || 2014-07-27 02:26:24 GMT

USD/JPY rose sharply from 101.08 to go as high as 101.93 before closing for the week at 101.83.   The recent support at 101.08 came without a retest of the previous 101.06.

USD/JPY Fundamental Analysis & Economic Strength Meter - July 26, 2014

Written By : ForexAbode.com || 2014-07-25 18:30:22 GMT

The USD/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

USD/JPY Daily Analysis - July 25, 2014

Written By : ForexAbode.com || 2014-07-25 02:29:17 GMT

Current Exchange Rate: 101.89 at the time of analysis update. Intraday outlook: . USD/JPY had found support at 101.06 first and the subsequent support had come 2 pips above that at 101.08.

USD/JPY - Further upside is favored

Written By : himanshu || 2014-06-08 01:48:00 GMT

This USD/JPY update follows the previous post titled "USD/JPY Should See Some More Gains But Caution Needed". The previous post had indicated gains towards 102.75 resistance.

EUR/JPY Weekly Outlook - July 7 to 11, 2014

Written By : ForexAbode.com || 2014-07-06 04:01:55 GMT

EUR/JPY inched upwards unconvincingly from the recent of 137.72 to touch 139.28 before closing for the week at 138.78.

EUR/JPY Fundamental Analysis & Economic Strength Meter - July 26, 2014

Written By : ForexAbode.com || 2014-07-25 18:28:43 GMT

The EUR/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

EUR/JPY Analysis - July 23, 2014

Written By : ForexAbode.com || 2014-07-23 03:50:07 GMT

Current Exchange Rate: 136.52 at the time of analysis update. Intraday outlook: . EUR/JPY went as low as 136.41 and has made the short-term bearish outlook stronger.

An Eye on EUR/JPY

Written By : forexabode || 2014-02-02 01:43:15 GMT

EUR/JPY continued it's strong fall and that has brought the bearish outlook in the picture. However, the current price action is testing a very critical support zone.

GBP/USD Weekly Outlook - July 28 to August 1, 2014

Written By : ForexAbode.com || 2014-07-27 02:37:40 GMT

GBP/USD continued its fall and went as low as 1.6961 before closing for the week at 1.6978.   Last to last week's brief break of 1.7042 support was the first indication for some extended decline.

GBP/USD Fundamental Analysis & Economic Strength Meter - July 26, 2014

Written By : ForexAbode.com || 2014-07-25 18:34:55 GMT

The GBP/USD fundamental analysis is updated weekly. It is one of the basis for the GBP/USD weekly outlook. This is mainly derived from the recent major economic releases and news.

GBP/USD Analysis - July 25, 2014

Written By : ForexAbode.com || 2014-07-25 02:59:15 GMT

Current Exchange Rate: 1.6987 at the time of analysis update. Intraday outlook: . GBP/USD has touched a low of 1.6966 after breaking below the psychological level of 1.7000 and also the 55-day EMA support.

GBP/USD breaks above one more hurdle

Written By : forexabode || 2014-02-15 07:36:35 GMT

GBP/USD had achieved one landmark on January 23, 2013 when the pair had broken above August 2011's strong resistance of 1.6618. This resistance had cause the pair to fall by 1376 pips to as low as 1.5272.

GBP/JPY Weekly Outlook - July 28 to Aug 1, 2014

Written By : ForexAbode.com || 2014-07-27 04:36:11 GMT

GBP/JPY stayed rang bound during the last week with a low at 172.60 and a high of 173.47 before closing for the week at 172.84.   The loss in the downward moves keep us neutral for the currency pair.

GBP/JPY Fundamental Analysis & Economic Strength Meter - July 26, 2014

Written By : ForexAbode.com || 2014-07-25 18:32:40 GMT

GBP/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

GBP/JPY Analysis - July 23, 2014

Written By : ForexAbode.com || 2014-07-23 03:39:00 GMT

Current Exchange Rate: 172.75 at the time of analysis update. Intraday outlook: . We expect further decline for GBP/JPY. The currency pair has broken below the 55-day EMA support rather strongly.

What did GBP/JPY's recent support whispered?

Written By : forexabode || 2014-02-23 01:33:39 GMT

GBP/JPY surely lost upward momentum during the the last week and that may cast some doubts about the continuation of further gains.

AUD/JPY Weekly Outlook - July 7 to 11, 2014

Written By : ForexAbode.com || 2014-07-06 04:29:54 GMT

AUD/JPY went as high as 96.50 and then fell sharply to 95.32 before closing for the week at 95.59. The resistance faced 1 pip below the earlier strong resistance of 96.51 creates doubts about immediate further gains.

AUD/JPY Fundamental Analysis & Economic Strength Meter - July 26, 2014

Written By : ForexAbode.com || 2014-07-25 18:38:17 GMT

The AUD/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

AUD/JPY Analysis - July 23, 2014

Written By : ForexAbode.com || 2014-07-23 03:58:51 GMT

Current Exchange Rate: 95.74 at the time of analysis update. Intraday outlook:  The strong jump which broke over the expected resistance of 95.70 suggests that we should see further gains for a retest of 95.99.

AUD/JPY - On It's Way To 100?

Written By : himanshu || 2013-10-20 00:45:34 GMT

AUD/JPY's strong uptrend from 74.47 to 105.43 had to have some consolidation. Such a big upward move would naturally call for a 61.8% retracement.

AUD/USD Weekly Outlook - July 28 to August 1, 2014

Written By : ForexAbode.com || 2014-07-27 02:46:44 GMT

AUD/USD had jumped up to 0.9478 but fell immediately to 0.9392 before closing for the week at 0.9397.   The currency pair had broken above 0.9459 resistance as well as 0.

AUD/USD Fundamental Analysis & Economic Strength Meter - July 26, 2014

Written By : ForexAbode.com || 2014-07-25 18:37:09 GMT

The AUD/USD fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

AUD/USD Analysis - July 23, 2014

Written By : ForexAbode.com || 2014-07-23 02:55:26 GMT

Current Exchange Rate 0.9447 at the time of analysis update. Intraday outlook: . AUD/USD jumped up strongly today to take out 0.9416 resistance. The upward jump was after the year-on-year CPI data came as 3% against the previous 2.9%.

AUD/USD - Will the fundamental fury sustain?

Written By : forexabode || 2014-05-29 03:35:11 GMT

Australian dollar jumped up very strongly in the Asian morning session. AUD/USD saw a jump of 55 pips in the matter of minutes.

USD/CHF Weekly Outlook - July 28 to August 1, 2014

Written By : ForexAbode.com || 2014-07-27 03:13:13 GMT

USD/CHF continued the upward moves and went as high as 0.9052 before closing for the week at 0.9048.   The highlight of the last week was not just a smooth break above the psychological 0.9000 level but the failure of 0.9038 resistance.

USD/CHF Fundamental Analysis & Economic Strength Meter - July 26, 2014

Written By : ForexAbode.com || 2014-07-25 18:40:13 GMT

The USD/CHF fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news.

USD/CHF Analysis - July 23, 2014

Written By : ForexAbode.com || 2014-07-23 02:35:58 GMT

Current Exchange Rate : 0.9023 at the time of analysis update. Intraday outlook:   There is no change in our outlook for USD/CHF from yesterday.

USD/CHF 2014 outlook - who is winning as the safe haven currency?

Written By : forexabode || 2013-12-30 08:33:40 GMT

USD/CHF is not stopping to prove the bearish sentiments. The race seems to be continuously on to prove which is the safe haven currency and which is "THE" safe haven currency.

USD/CAD: 14 years Price-Action in a Nutshell - Is A Near-Term Bottom In Place?

Written By : himanshu || 2014-07-09 11:44:14 GMT

USD/CAD had dipped to 1.0620 and seems to be finding some support since then. The price-action during past 6 days has been failing to dip below 1.0600 to enter the psychological ranges of 1.0500.

USD/CAD: unemployment rate will cause further decline

Written By : liteforex || 2013-08-09 11:47:46 GMT

USD/CAD: unemployment rate will cause further decline 1.

USD/CAD Outlook - 2012/10/03

Written By : forexabode || 2012-10-02 23:40:53 GMT

USD/CAD's Broke Over The Resistance After 12 Weeks   USD/CAD had broken over the Tenkan line resistance level after over 12 weeks.

 

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Please type the currency pair code on the top right side box to get the chart of the pair you wish to see. You may change the time frames of the chart and apply technical indicators as well as draw trend lines. For applying trend lines, please use the drawing tools on the left hand side.

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Daily Forex Resistance and Support levels

PAIR Res 1 Res 2 Support 1 Support 2
EUR/USD 1.3841 1.3861 1.3807 1.3793
USD/JPY 102.39 102.71 101.85 101.63
EUR/JPY 141.54 142.02 140.78 140.5
GBP/JPY 171.95 172.61 170.95 170.61
GBP/USD 1.6817 1.6849 1.6765 1.6745
AUD/JPY 94.97 95.21 94.5 94.27
AUD/USD 0.9301 0.9322 0.9257 0.9234
USD/CHF 0.8833 0.8843 0.8808 0.8793
Please check the time of update. Please check detailed Forex trading analysis and forecasts on the individual pages of various Forex pairs.

 

Last Updated on Wednesday, 30 July 2014 03:01 GMT

Upcoming Economic Events

        
Date GMT Country Event Vol Actual Cons. Previous
Jul 28 13:45 US Markit PMI Composite !!!  99.7  59.8  61.0
Jul 28 23:30 JPN Unemployment Rate  !! 3.7%  3.5% 3.5%
Jul 31 09:12 EUR Harmonised Index of Consumer Prices (YoY) !!!   0.9%  1.0%
Jul 31 12:30 US GDP Annualized !!!   2.9%  -2.9% 
Jul 31 18:00 US Fed Interest Rate Decision !!!      
Jul 31 18:00 US Fed's Monetary Policy Statement  !!!      
Jul 31 07:55 EUR Unemployment Change !!!   -5K 9K
Jul 31 09:00 EUR CPI (YoY) Preliminar !!!    0.5% 0.5% 
Aug 01 12:30 US Nonfarm Payrolls  !!!   230K 288K
Aug 01 12:30 US Unemployment Rate  !!!   6.11%  6.10%
Aug 01 14:00 US ISM Manufacturing PMI  !!!
56.0  55.3
View the real time Economic Calendar Worldwide Bank Holidays

Euro-zone's year over CPI data came as slightly positive with 0.8% against the previous 0.7%. U.S. saw slight improvement in initial jobless claims which down to 302K from 305K. Friday July 18th will have Reuters/Michigan Consumer Sentiment Index report from the U.S. at 13:55 GMT.

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