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Daily Report: Asian Markets Recovered, Euro Rebounded after Greece Rout
Jun 30 04:44 GMT, by ActionForex.com
Asian markets recover mildly after the global rout yesterday. Nikkei managed to sty above 20000 handle and is up 0.4% at the time of writing, trading around 20200. Overnight, S&P 500 suffered the worst one day drop this year and lost -43.85 pts, or -2.08% to close at 2057.64. DJIA lost -350.33 pts, or -1.95% to close at 17596.35. US treasury y...

Technical Outlook

USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. On the upside, above 1.2422 will target 1.2562 resistance. Bre... - Jun 30 05:21 GMT
AUD/USD Daily Outlook
As long as 0.7848 resistance holds, deeper decline is still expected in AUD/USD for 0.7532 support. Break will extend t... - Jun 30 05:18 GMT
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... - Jun 30 05:14 GMT
GBP/USD Daily Outlook
GBP/USD's fall from 1.5929 lost much momentum a and intraday bias is turned neutral first. We're slightly favoring that... - Jun 30 05:12 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 : USD/CHF - Sell at 0.9390
Although the greenback has rebounded after finding support at 0.9244, yesterday's sharp retreat from 0.9429 suggests top has been... - Jun 30 08:00 GMT
Trade Idea: GBP/USD - Sell at 1.5800
Although cable has retreated after rebounding to 1.5789 yesterday, as long as support at 1.5664 (yesterday's low) holds, further ... - Jun 30 07:55 GMT
Trade Idea: EUR/USD - Stand aside
Despite opening sharply lower to 1.0954 yesterday, the subsequent strong rebound to 1.1278 suggests low has been formed there and... - Jun 30 07:48 GMT
Trade Idea: USD/JPY - Stand aside
Although the greenback has fallen again after meeting renewed selling interest at 123.19 and near term downside risk remains for ... - Jun 30 07:43 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Despite rising to 1.1436 earlier this month, the subsequent stronger-than-... - Jun 29 10:10 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback rebounded again last week to 124.38, as dollar has ... - Jun 29 09:51 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
As the single currency has retreated after faltering below recent high of ... - Jun 26 08:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
Although the single currency dropped initially today and broke below previous support at 0.7014, lack of follow through selling a... - Jun 29 15:41 GMT
Trade Idea: USD/CAD - Buy at 1.2280
Although the greenback rebounded after finding support at 1.2304 earlier today and test of last week's high at 1.2423 cannot be r... - Jun 29 15:34 GMT
Trade Idea: EUR/JPY - Sell at 137.65
The single currency only recovered to 138.68 before meeting renewed selling interest there and tumbled earlier today, however, la... - Jun 29 10:40 GMT
Trade Idea: AUD/USD - Stand aside
Despite intra-day brief fall to 0.7587, lack of follow through selling and the subsequent rebound suggest consolidation would be ... - Jun 29 10:26 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback rebounded to 124.38 last week, as dollar met r... - Jun 29 11:07 GMT
EUR/USD Elliott Wave Analysis
The single currency dropped after meeting strong resistance at 1.1436... - Jun 29 11:03 GMT
EUR/JPY Elliott Wave Analysis
As the single currency has retreated again after faltering below resi... - Jun 26 09:58 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jun 30 08:10 GMT

Action Bias

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

Fundamental Analysis Reports

Euro Shows Remarkably Resilient Despite Greek Debt Crisis
Jun 30 08:05 GMT, by KBC Bank
Yesterday, the euro reversed earlier losses quite easily and even closed the session in positive territory. Risk-off sentiment currently weighs on the dollar at least as hard as on the euro. Today, G...
German Inflation Slides Into Negative Territory In June, European Leaders Call For 'Yes' Vote In Greece
Jun 30 07:53 GMT, by Dukascopy Swiss FX Group
While all eyes are focused on Greece this week, following the weekend's unexpected and dramatic events, Germany's latest inflation data may provide temporary distraction. Consumer prices in the Euro ...
US Pending Home Sales Rise To 9-Year High In May
Jun 30 07:51 GMT, by Dukascopy Swiss FX Group
Contracts to buy previously owned US homes jumped to the highest level in more than nine years in May, adding to signs the US housing market is gaining steam after a wobbly start to the year. Accordi...
British Mortgage Approvals Unexpectedly Decline
Jun 30 07:49 GMT, by Dukascopy Swiss FX Group
British mortgage approvals unexpectedly dropped in May after rising in April to the highest level in more than a year. Approvals for house purchases decreased to 64,434 from a downwardly revised 67,5...
Canada's Industrial And Raw Materials Prices Rise In May Led By Energy Products
Jun 30 07:48 GMT, by Dukascopy Swiss FX Group
Canada's producer prices rose in May, led by increasing costs of energy and petroleum products, Statistics Canada said. Canada's industrial product price index climbed 0.5% in the reported month, fol...
New Zealand Building Consents Remain Virtually Flat In May, Business Confidence Turns Negative
Jun 30 07:46 GMT, by Dukascopy Swiss FX Group
New Zealand building consents remained virtually flat in May as falling demand in Auckland offset surging construction intentions in other parts of the country. Regional councils issued seasonally ad...
All Daily Fundamental Reports >>

Technical Analysis Reports

EURUSD Trades Inside A Triangle, Looking To Break Down
Jun 30 07:32 GMT, by Elliott Wave Financial Service
EURUSD gaped sharply lower on Sunday and reached our projected levels for wave (D) with an extension to 1.0950 before price bounced and filled the gap. Based on the latest price data we see leg down ...
Daily FX Report
Jun 30 06:19 GMT, by Varengold Bank
Greece will not pay a 1.6 billon euro loan installment due the International Monetary Fund on Tuesday, a Greek government official told Reuters, after talks between Athens and its creditors broke dow...
Foreign Exchange Market Commentary
Jun 30 04:50 GMT, by HY Markets
THE EURO closed higher on Monday as it consolidated earlysession weakness but remains below the 20day moving average crossing. The highrange close sets the stage for a steady to higher opening when T...
Daily Technical Analysis
Jun 30 03:48 GMT, by FX Instructor
The EURUSD had a strong bullish momentum yesterday, not just filled the gap but topped at 1.1277 and move back above the h1 EMA 200 as you can see on my hourly chart below. This fact turns my major t...
Market Morning Briefing
Jun 30 03:47 GMT, by Kshitij Consultancy Services
If the market does not bounce from here, Dollar-Yen could enter into one of its extended sideways ranges, possibly between 121-125. The immediate bearishness in Euro-Yen (136.87) towards 135-134 coul...
AUD/USD – Support Level At 0.76 Stands Tall
Jun 30 02:44 GMT, by MarketPulse
To close out last week the AUD/USD fell sharply lower below 0.77 however it found solid support from the long term support level at 0.76. This level has provided solid support throughout most of this...
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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