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Jul 06 17:48 GMT

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US Session: Orders and Options Watch
Jul 06 14:37 GMT, by ActionForex.com
EUR: Although the single currency ran into resistance just below 1.1100 and retreated, bids are still noted at 1.1000 and 1.0980, buy orders are expected at 1.0960, 1.0930 and 1.0900, buying interest is located at 1.0880, 1.0850 and 1.0825, mixture of bids and stops is located at 1.0800. On the upside, offers are now seen at 1.1095-00, 1.1120 and ...

Technical Outlook

GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains on the downside for 1.5169 support. We're favoring the case that rise from 1.4565 is f... - Jul 06 13:25 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for the moment. We'd still expect further rally as long as 0.9242 support hold... - Jul 06 13:21 GMT
USD/JPY Mid-Day Outlook
The corrective decline from 125.85 might still extend lower. At this point, we'd expect strong support from 61.8% retra... - Jul 06 13:17 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for the moment. At this point, we're favoring the case that corrective rebound... - Jul 06 13:15 GMT

Special Reports

Greeks Deliberatively Voted 'No' To Austerity
Jul 06 06:07 GMT
Greece’s referendum suggested that that 61.3% of voters said 'No' to austerity ...
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...
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Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day rebound to 0.9472, as the greenback met renewed selling interest there and has retreated again, retained our vi... - Jul 06 16:27 GMT
Trade Idea Wrao-up: GBP/USD - Sell at 1.5680
As the British pound has rebounded after intra-day marginal brief fall to 1.5532, suggesting consolidation above this level would... - Jul 06 16:22 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency found buyinig interest just above indicated support at 1.1000 and has rebounded again, retaining our view ... - Jul 06 16:12 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback staged a strong rebound after intra-day initial brief drop to 121.87,  retaining our view that further consolida... - Jul 06 15:59 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded after finding support at 1.0954, as... - Jul 06 09:17 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback opened lower again this week and near term downside... - Jul 06 08:59 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency opened lower this week and dropped sharply to... - Jul 03 10:30 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
Euro has remained confined in narrow range and further sideways trading would be seen, above 0.7140 would bring another test of r... - Jul 06 15:20 GMT
Trade Idea: USD/CAD - Buy at 1.2500
As the greenback has risen again after brief pullback, suggesting recent upmove from 1.2128 (wave ii trough) is still in progress... - Jul 06 15:17 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency opened lower again earlier today and dropped to as low as 133.91, as euro has rebounded after holdin... - Jul 06 10:13 GMT
Trade Idea: AUD/USD - Sell at 0.7590
As aussie has remained under pressure after last week's selloff from 0.7739, suggesting recent decline is still in progress and m... - Jul 06 10:07 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency rebounded after opening lower last week,... - Jul 06 10:51 GMT
USD/JPY Elliott Wave Analysis
Although the greenback met renewed selling interest at 123.74 and has... - Jul 06 10:30 GMT
USD/CHF Elliott Wave Analysis
Although the single currency retreated initially last week, as euro f... - Jul 03 11:02 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 06 17:40 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↑ UP- NE- NE- NE
USDJPY- NE↓ DN↓ DN- NE
GBPUSD↑ UP- NE↓ DN- NE
USDCHF↓ DN- NE- NE- NE
USDCAD↑ UP↑ UP↑ UP- NE
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Forex Brokers

Fundamental Analysis Reports

ISM Non-Manufacturing Index Increases by Less than Expected in June, But Details Remain Somewhat Constructive
Jul 06 15:28 GMT, by TD Bank Financial Group
The slight gain in the June headline reading was disappointing, offsetting only a fraction of the 2.1 point decline in the index during May. Even more disheartening is the fact that much of the weakn...
Central Banks to Use Rhetoric to Smooth Contagion Fears
Jul 06 15:24 GMT, by MarketPulse
The Reserve Bank of Australia is not expected to make a change to its benchmark interest rate at record low of 2.00 percent, but central bank Governor Glenn Stevens has a chance to use rhetoric to de...
Risk Aversion Dominates After Greek No Win
Jul 06 12:01 GMT, by MarketPulse
Capital Markets were expecting a narrow 'Yes' victory in Sunday's Greek referendum, the restart of negotiations with its creditors and likely end to PM Tsipras Syriza government. Instead investors...
Stocks Recover After Greece Vote But Remain Vulnerable
Jul 06 11:08 GMT, by Forex.com
Some market participants may be surprised about the resilience of the markets given the increased uncertainty about Greece in light of the weekend's Greece referendum outcome. But a quick look at the...
RBA's Rate Decision Eyed, Financial Markets Tumble On Greece Vote
Jul 06 10:03 GMT, by Swissquote Bank SA
We do not expect much from tomorrow RBA board's meeting as we think that the Reserve bank is pleased with the recent weakness in AUD/USD. Indeed, the Aussie dropped as low as 0.7452 against the green...
European Market Update: Varoufakis Steps Down As Finance Minister To Pave Way For Trust In EU-Greece Negotiations Following Syriza Govt Victory In Referendum
Jul 06 09:57 GMT, by Trade The News
Euro currency was initially weighed down by the resounding "No" vote in Greek referendum but losses were tempered after Greece Fin Min Varoufakis announced his resignation from his position. Dealers ...
All Daily Fundamental Reports >>

Technical Analysis Reports

Gold: It's Groundhog Day All Over Again for Frustrated Bulls
Jul 06 14:35 GMT, by Forex.com
Last week, we analyzed the (lack of) safe haven demand for gold in the wake of Greece's deteriorating debt negotiations, noting that the yellow metal ... [was] dramatically lagging its safe-haven ri...
USDJPY Looks For Support Before Turning Higher
Jul 06 09:17 GMT, by Elliott Wave Financial Service
USDJPY following corrective path on SP500. We are still looking for a end of the corrective pullback which might occur soon. Complex 4 wave with triangle as connector but we are contemplating the tim...
Today's Market Outlook
Jul 06 08:44 GMT, by Windsor Brokers Ltd
The Euro gapped lower at the beginning of the week, on expected action on Greek’s ‘No’ vote on Sunday. The single currency remains under pressure after today’s 110-pips gap, however, last Monday’s lo...
Forex Technical Analysis
Jul 06 08:32 GMT, by DeltaStock Inc.
EUR/USD The recent failures at 1.1125 led to a renewal of the downtrend, currently aiming for a break through 1.0954, en route to 1.0820 area. Initial resistance lies at 1.1064.
EUR/USD Opens Lower After Greek Referendum
Jul 06 08:27 GMT, by Dukascopy Swiss FX Group
EUR/USD has been considerably sold off in the morning on Monday after a quiet trading session last Friday, as market participants are pricing in results of the Greek referendum. Despite that, the pai...
GBP/USD Anchored Around 1.5550
Jul 06 08:25 GMT, by Dukascopy Swiss FX Group
Despite better-than-expected UK fundamental data, the Cable still sustained losses at the end of last week. The strong support cluster around 1.56 was breached, as the pair extended its bearish two-w...
All Daily Technical Reports >>

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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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