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Jul 03 07:51 GMT

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Daily Report: Post NFP Volatility Limited, Markets Await Greece Referendum
Jul 03 03:20 GMT, by ActionForex.com
Dollar weakened mildly after yesterday's job report but loss is limited. The set of Non-farm payroll data was seen as mildly disappointing to economists. The expectations for two rate hike before the end of the year was cut down a lot. In particular, the lack of wage growth would give the Fed a lot more room to wage and see. Nonetheless, the expec...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment. At this point, we're favoring the case that corrective rebound... - Jul 03 03:34 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside as the fall from 1.5929 continues. As noted before, we're slightly fav... - Jul 03 03:32 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for 0.9542 resistance. Break there will resume the rise from 0.9072. Mor... - Jul 03 03:29 GMT
USD/JPY Daily Outlook
Intraday bias in USD/JPY remains neutral for the moment. Fall from 125.85 is viewed as a correction and might have comp... - Jul 03 03:27 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 - Buy at 0.9390
As the greenback has retreated after intra-day marginal rise to 0.9504, suggesting consolidation below this level would be seen a... - Jul 02 16:24 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5665
As cable has rebounded after intra-day brief fall to 1.5564. suggesting consolidation above this level would be seen and recovery... - Jul 02 16:21 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has recovered after holding above intra-day support at 1.1032, suggesting consolidation with initial upsid... - Jul 02 16:19 GMT
Trade Idea Wrap-up: USD/JPY - Hold short entered at 123.45
Although the greenback jumped briefly to 123.74 in NY morning, as dollar met selling interest there and has retreated, retaining ... - Jul 02 16:16 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
Although the single currency opened lower and fell briefly to 0.6988, lack... - Jul 02 09:43 GMT
EUR/CHF Candlesticks and Ichimoku Analysis
Although the single currency slipped initially this week as price opened l... - Jul 02 08:52 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Despite opening lower earlier this week, as aussie found good support at 9... - Jul 01 08:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
The single currency has remained confined in narrow range after meeting resistance at 0.7168 and although near term downside risk... - Jul 02 15:39 GMT
Trade Idea: USD/CAD - Buy at 1.2470
As the greenback has retreated after rising to 1.2633, suggesting consolidation below this level would be seen and pullback to 1.... - Jul 02 15:36 GMT
Trade Idea: AUD/USD - Sell at 0.7670
As aussie has fallen again after meeting renewed selling interest at 0.7739 yesterday, suggesting the rebound from 0.7587 has end... - Jul 02 10:13 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Although euro fell initially this week, lack of follow through sellin... - Jul 02 11:40 GMT
USD/CAD Elliott Wave Analysis
The greenback only eased to 1.2304 before surging again and the breac... - Jul 02 11:22 GMT
EUR/CAD Elliott Wave Analysis
Although the single currency did rebound after finding renewed buying... - Jul 01 10:09 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 03 07:45 GMT

Action Bias

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

Fundamental Analysis Reports

EURAUD: Eyes On Greece And Then The RBA
Jul 03 06:56 GMT, by Forex.com
It's been another eventful day for the Australia dollar following the release of softer than expected domestic retail sales numbers. Retail sales increased a measly 0.3% m/m in May, after falling a r...
Australia's Trade Deficit Contracts In May, While April's Record Trade Gap Revised Up
Jul 03 06:53 GMT, by Dukascopy Swiss FX Group
Australia's trade deficit shrank in May, whereas April's record trade gap was revised to be even wider. According to the Australian Bureau of Statistics, the nation's trade shortfall contracted a sea...
UK Construction Activity Rises In June
Jul 03 06:52 GMT, by Dukascopy Swiss FX Group
Activity in the British construction sector increased last month at the fastest pace since February, as job creation rose to its quickest pace so far this year. The Markit/CIPS construction PMI jumpe...
US Economy Creates 223K Jobs In June, Unemployment Rate Falls To 5.3%
Jul 03 06:48 GMT, by Dukascopy Swiss FX Group
American employers continued to add more than 200,000 jobs for a third consecutive month in June, while the US unemployment rate declined more than expected. US non-farm payrolls rose by 223,000 in J...
Spanish Unemployment Declines, Greece Needs 36bn Euros
Jul 03 06:47 GMT, by Dukascopy Swiss FX Group
The number of registered unemployed in Spain continued to decline in June, falling by 94,700 after a considerable decline of almost 118,000 in May. The Bank of Spain has upgraded its 2015 growth fore...
European Open Briefing
Jul 03 05:47 GMT, by IC Markets
Overnight, the Australian Dollar declined from 0.7640 to a low of 0.7566 after disappointing Australian retail sales data, followed by a weaker than expected Chinese Services PMI print. The pair has ...
All Daily Fundamental Reports >>

Technical Analysis Reports

GBP/USD Likely To Rebound From 1.56
Jul 03 07:48 GMT, by Dukascopy Swiss FX Group
The GBP/USD remained relatively unchanged on Thursday, as the support cluster at 1.5595 prevented the pair from falling and, thus, caused a slight rebound. As a result, we expect the Cable to advance...
USD/JPY Trades In Limbo, Risks Edging Lower
Jul 03 07:46 GMT, by Dukascopy Swiss FX Group
Although the US Dollar attempted to appreciate against the Yen yesterday, it still suffered losses and declined towards the weekly PP near the 123.00 major level. Due to lack of movers, the USD/JPY i...
XAU/USD Holds Above Weekly S1 After Testing 1,157
Jul 03 07:45 GMT, by Dukascopy Swiss FX Group
This week's behaviour of XAU/USD cross is very similar to the one it showed last week. From Monday the cross was declining for four days in a row and today it attempts to rebound. Yesterday, however,...
Daily FX Report
Jul 03 06:05 GMT, by Varengold Bank
U.S. markets will be closed on Friday in observance of Independence Day. On Wall Street on Thursday, major stock indexes logged losses, after employment data was not as robust as many had expected. E...
Foreign Exchange Market Commentary
Jul 03 03:48 GMT, by HY Markets
THE EURO closed slightly higher on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish ...
Daily Technical Analysis
Jul 03 03:39 GMT, by FX Instructor
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Potential daily range to be closely watched is seen between 1.1150 – 1.1030. A clear break above 1.1150 could trigger further...
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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