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Jul 06 09:10 GMT

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Daily Report: Markets Rocked on Overwhelming No in Greece, Euro Weakness Limited
Jul 06 03:40 GMT, by ActionForex.com
The financial markets are hit hard by the Greek vote as the week opened. Nikkei is trading down over -300 pts, or -1.5% at the time of writing while HK HSI is down -800 pts or -3% at the time of writing. Euro gapped down the week to as low as -1.0958 against dollar but recovered ahead of last week's low of 1.0954. EUR/JPY also dived to as low as 1...

Technical Outlook

AUD/USD Daily Outlook
AUD/USD's fall extends today and intraday bias remains on the downside. The larger down trend has just resumed and furt... - Jul 06 04:19 GMT
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the momentum. Rebound from 1.1919 is still in progress and should resume l... - Jul 06 04:16 GMT
EUR/USD Daily Outlook
EUR/USD dips sharply today but stays above 1.0954 minor support. Intraday bias remains neutral first. At this point, we... - Jul 06 04:13 GMT
USD/JPY Daily Outlook
USD/JPY's dip today suggests that corrective fall from 125.85 is still in progress. Further decline could be seen. At t... - Jul 06 04:10 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...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
The greenback has remained confined wihtin narrow range and further sideways trading is in store, although another test of minor ... - Jul 06 08:38 GMT
Trade Idea: GBP/USD - Sell at 1.5665
The British pound has remained under pressure after meeting renewed selling interest at 1.5645, suggestig the decline from 1.5930... - Jul 06 08:18 GMT
Trade Idea: EUR/USD - Stand aside
Despite opening sharply lower earlier today, as the single currency found good support at 1.0969 and has staged a strong rebound,... - Jul 06 08:07 GMT
Trade Idea: USD/JPY - Target met and stand aside
The greenback opened lower today and our short position entered at 123.45 reached indicated target at 122.20 with 125 points prof... - Jul 06 08:00 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

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
USD/CAD Candlesticks and Ichimoku Analysis
The greenback only eased to 1.2304 before finding renewed buying interest ... - Jul 03 10:11 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
Euro's near term sideyways trading is likely to continue and above 0.7129-30 would bring another test of resistance at 0.8168, br... - Jul 03 14:50 GMT
Trade Idea: USD/CAD - Buy at 1.2470
As the greenback has maintained a firm undertone after surging to 1.2633 yesterday, suggesting bullishness remains for recent upm... - Jul 03 14:44 GMT
Trade Idea: EUR/JPY - Stand aside
The single currency has remained confined within near term range and further sideways trading is in store, although recovery to r... - Jul 03 09:47 GMT
Trade Idea: AUD/USD - Sell at 0.7645
As aussie has dropped again after meeting renewed selling interest at 0.7649 earlier today and broke below support at 0.7587, add... - Jul 03 09:44 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/CHF Elliott Wave Analysis
Although the single currency retreated initially last week, as euro f... - Jul 03 11:02 GMT
EUR/JPY Elliott Wave Analysis
This week's initial sharp retreat to 133.78 dampened our bullishness ... - Jul 03 10:54 GMT
EUR/GBP Elliott Wave Analysis
Although euro fell initially this week, lack of follow through sellin... - Jul 02 11:40 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 06 09:05 GMT

Action Bias

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

Fundamental Analysis Reports

Euro Tumbles To One-Week Low After Greek Referendum, Yet Recovers Losses
Jul 06 09:01 GMT, by ICN.com
The euro fell to a one-week low versus the U.S. dollar after Greeks rejected austerity measures demanded by creditors in a referendum on Sunday, yet it recovered most of the losses on expectations th...
Greek People Vote 'NO'
Jul 06 08:54 GMT, by Swissquote Bank SA
EUR/USD is down 1 figure, EUR/CHF reached 1.0360, stock markets trade into negative territory. There is no doubt Greek people voted “NO” at 61.3% in yesterday’s referendum and chose to back Tsipras’ ...
Pound Wedges Higher
Jul 06 08:29 GMT, by Blackwell Global
The pound traded lower throughout the week thanks to a surge in the USD on the uncertainty in global markets. There were some mixed results from a UK economic point of view which didn't help. A posit...
Greece Votes 'Oxi', Entering Unchartered Territory
Jul 06 08:10 GMT, by Dukascopy Swiss FX Group
The overwhelming majority of Greek voters decisively rejected the aid package. Some 61.3% voted 'no' to bailout programme, against 38.7% who voted 'yes'. The rejection is likely to be the biggest fac...
British Services PMI Jumps To 58.5 In June, Up From 56.5 In May
Jul 06 07:49 GMT, by Dukascopy Swiss FX Group
Activity in the UK services sector rose more than expected last month, suggesting the UK economy picked up momentum going into the second half of the year. The Markit/CIPS services PMI climbed by 2 p...
Australia's Retail Sales Rise In May, Albeit At A Slower Pace Than Expected
Jul 06 07:42 GMT, by Dukascopy Swiss FX Group
Australia's retail sales rebounded in May after a soft performance in April, but remained weaker than economists had expected, according to the Australian Bureau of Statistics. Retail spending increa...
All Daily Fundamental Reports >>

Technical Analysis Reports

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...
USD/JPY To Attempt To Reclaim 123.00
Jul 06 08:24 GMT, by Dukascopy Swiss FX Group
The US Dollar failed to withstand the pressure against the Yen, as pierced the 123.00 major level on Friday. However, the USD/JPY only reached a daily low of 122.60, rather than 122.40. On Monday, tr...
Safe-Haven Dollar To Send XAU/USD Down
Jul 06 08:23 GMT, by Dukascopy Swiss FX Group
The bullion gained value for the first time in four days last Friday, and the trading opened even higher around 1,174 Monday, pricing in the result of the Greek referendum. However, gains are likely ...
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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