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Jul 02 05:16 GMT

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Daily Report: Dollar Firm as Focus Turns from Greece to NFP
Jul 02 03:24 GMT, by ActionForex.com
Dollar is firm in Asian session as markets' focus turns temporarily away from Greece to job data from US. Non-farm payroll is expected to show 225k growth in June while unemployment rate is expected to drop to 5.4%. Average hourly earnings are expected to rise 0.2% mom. Leading data for NFP were generally positive. The ADP report showed 237k growt...

Technical Outlook

GBP/JPY Daily Outlook
As noted before, a short term top is in place at 195.86 on bearish divergence condition in 4 hours MACD. Deeper fall is... - Jul 02 04:51 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral. At this point, we'd still favor another decline in the cross. Break of 133.09... - Jul 02 04:49 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. The larger down trend should have just resumed and we're expec... - Jul 02 04:47 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral. On the upside, break of 1.4642 will indicate that the pull back from 1.4767 i... - Jul 02 04:45 GMT

Special Reports

FX 2015 Outlook - USDJPY Limited
Jun 16 03:31 GMT
Japan's economy has shown signs of recovery. GDP growth accelerated to an annua...
FOMC Preview: No Rate Hike in June, But Probably Soon
Jun 16 03:27 GMT
Whilst the Fed has indicated that policymakers won't tighten in June, the upcom...
RBNZ Cut OCR To 3.25%, On Weaker Inflation Expectations And Demand Outlook
Jun 11 04:46 GMT
RBNZ announced to cut the OCR by -25 bps to 3.25% in June. It also signaled fur...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Although intra-day breach of previous resistance at 0.9429 suggests the rise from 0.9151 low is still in progress and near term u... - Jul 01 16:03 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5710
As cable has fallen again after meeting renewed selling interest at 1.5732 and price just broke below support at 1.5664, suggesti... - Jul 01 15:50 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
The single currency has fallen again after meeting renewed selling interest at 1.1171 earlier today, justifying our bearish view ... - Jul 01 15:46 GMT
Trade Idea Wrap-up: USD/JPY - Sell at 123.45
Dollar's intra-day rally suggests a temporary low has possibly been formed at 121.94 and consolidation with initial upside bias i... - Jul 01 15:44 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Despite opening lower earlier this week, as aussie found good support at 9... - Jul 01 08:57 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie fell briefly to 0.7587, lack of follow through selling on ... - Jul 01 08:43 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after rising to 1.5930 earlier th... - Jun 30 08:29 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
Although the single currency has retreated after meeting resistance at 0.7168 yesterday and near term downside risk is for weakne... - Jul 01 14:30 GMT
Trade Idea: USD/CAD - Buy at 1.2470
The greenback has rallied after finding renewed buying interest at 1.2304 earlier this week and current break of previous resista... - Jul 01 14:17 GMT
Trade Idea: AUD/USD - Stand aside
Aussie's rebound after marginal fall to 0.7587 earlier this week suggests low has possibly been formed there and consolidation wi... - Jul 01 09:38 GMT
Trade Idea: EUR/JPY - Stopped profit and stand aside
Although the single currency has rebounded after finding support at 135.88 yesterday and test of resistance at 137.53 cannot be r... - Jul 01 09:33 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Although the single currency did rebound after finding renewed buying... - Jul 01 10:09 GMT
AUD/USD Elliott Wave Analysis
Although aussie fell briefly to 0.7587 earlier this week, lack of fol... - Jul 01 10:01 GMT
GBP/JPY Elliott Wave Analysis
Despite rising marginally to 195.85 last week, the subsequent retreat... - Jun 30 09:12 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 02 05:10 GMT

Action Bias

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

NZDJPY: The Kiwi Stumbles, Yet Again
Jul 02 04:19 GMT, by Forex.com
The NZ dollar has once again been assaulted on the back of soft economic data. This time around a disappointing dairy auction has poisoned investor sentiment surrounding the commodity currency. Globa...
The Day Ahead - Thursday 2nd July 2015
Jul 02 02:50 GMT, by ThinkForex
Despite the continued unrest in Greece, and the official default of the Greek payments to the IMF the Euro remained solid perhaps showing traders are predominantly waiting for the referendum on Sunda...
NFP Prep: Data Points To Potential Blockbuster Jobs Report
Jul 02 02:41 GMT, by Forex.com
The June Non-Farm Payroll report will be released tomorrow at 8:30 ET (12:30 GMT, 1:30pm BST), with expectations centered on a headline print of 231k after last month's stellar 280k reading. My model...
Asian Session Morning: NFP Fri… Thursday??
Jul 02 02:36 GMT, by Vantage FX
Yes that's right, it's NFP Thursday this week due to the Independence Day holiday in the US Friday so don't get caught out. On trading desks I've sat on in the past, this has happened and makes funny...
ISM Manufacturing Index Rises to Highest Level Since January, But Underlying Details Mixed
Jul 01 15:42 GMT, by TD Bank Financial Group
After decelerating considerably from its 2014 average of 55.7, U.S. manufacturing is showing signs of life again with two consecutive monthly gains. General improvement in U.S. manufacturing refle...
EUR "Carries" on as Normal
Jul 01 14:25 GMT, by Forex.com
An eerie calm has descended on the markets. News that the Greek PM had made an about-turn and decided that maybe he could accept his creditors' demands after all, has unleashed a European stock marke...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Jul 02 04:16 GMT, by HY Markets
THE EURO closed lower on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullis...
Daily Technical Analysis
Jul 02 03:31 GMT, by FX Instructor
The EURUSD continued its bearish momentum yesterday bottomed at 1.1041. The bias is bearish in nearest term testing 1.0950 and the trend line support as you can see on my h4 chart below. Immediate re...
Market Morning Briefing
Jul 02 03:31 GMT, by Kshitij Consultancy Services
Dollar-Yen (123.35) has also moved up, past our target of 123.15. See good chances of further rise towards 124.20 if immediate Resistance at 123.50 is broken. Buyers seem to be coming into the Euro-Y...
The Daily Forecaster: USDJPY
Jul 02 03:20 GMT, by FX-Forecaster
No losses but a break above 122.90-00 that has seen a recycling to just above 123.18. This looks like extending to the 123.35 - max 123.54 - area. There is a minor hourly bearish divergence. Thus wat...
Australia 200 – Desperately Trying To Hold Onto 5500 Level
Jul 02 03:04 GMT, by MarketPulse
In the last few days the ASX200 index has been able to find some much needed support around 5400 and rally strongly to back above 5500. In the few days prior there was a strong reversal and sharp fal...
AUD/USD – Eyes Still Firmly On Key Support Level At 0.76
Jul 02 03:03 GMT, by MarketPulse
In the last few days the Australia dollar is starting to feel some selling pressure from the 0.77 level as its eyes remain firmly focused on the long term support level at 0.76. To close out last wee...
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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
When Will the Bank of England Hike Rates?
Aug 16 08:33 GMT, by Wells Fargo Securities
In the first report of a two-part series on the outlook for Bank of England (BoE) monetary policy, ...
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...
All Long Term Forecasts >>
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