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US Session: Orders and Options Watch
Jun 02 14:26 GMT, by ActionForex.com
EUR: The single currency rallied today in part due to speculation of a possible Greece deal, offers at 1.1000, 1.1020, 1.1050, 1.1080, 1.1100, 1.1130 and 1.1150 were filled, however, some sell orders are reported at 1.1200 and 1.1220, selling interest is tipped further out at 1.1250-60 and 1.1300-10. On the downside, bids are now seen at 1.1100, 1...

Technical Outlook

USD/JPY Mid-Day Outlook
Intraday bias in USD/JPY remains on the upside for the moment. Current up trend should target 61.8% projection of 105.1... - Jun 02 12:49 GMT
USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains neutral for the moment. Overall, we're holding on to the view that down trend from 1.0... - Jun 02 12:49 GMT
GBP/USD Mid-Day Outlook
No change in GBP/USD's outlook. As long as 1.5088 support holds, another rise could still be seen. And, above 1.5814 wi... - Jun 02 12:47 GMT
EUR/USD Mid-Day Outlook
EUR/USD's recovery from 1.0818 extends higher today and is dampening our bearish view. Focus stays on 1.1063 minor resi... - Jun 02 12:42 GMT

Special Reports

RBA Left Cash Rate Unchanged, Noting Further Easing Dependent On Data
Jun 02 07:01 GMT
The RBA left the cash rate unchanged at 2% in June, after cutting it by -25 bps...
BOC Indicates Canada's Economy Hinges On US' Growth
May 28 06:34 GMT
The BOC meeting in May delivered little surprise as it was widely anticipated t...
BOJ Expects Inflation To Achieve Target Later Than Expected. Yen Slumped
May 27 06:26 GMT
Japanese yen slumped as BOJ minutes unveiled that Japan’s inflation would reach...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Stand aside
Although current break of Friday's low at 0.9348 signals the fall from last week's high of 0.9543 is still in progress and near t... - Jun 02 13:45 GMT
Trade Idea Update: GBP/USD - Exit short entered at 1.5305
Current euro-led rebound suggests near term upside risk has increased for the rebound from 1.5170 (yesterday's low) to bring retr... - Jun 02 13:37 GMT
Trade Idea Update: EUR/USD - Buy at 1.1060
As euro's intra-day rise has gathered momentum after breaking indicated level at 1.1006-14 (previous resistance and 50% Fibonacci... - Jun 02 13:29 GMT
Trade Idea Update: USD/JPY - Hold short entered at 124.75
As the greenback has slipped again after meeting renewed selling interest at 124.83, retaining our view that further consolidatio... - Jun 02 13:24 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound only recovered to 1.5437 (we recommended to sell cable a... - Jun 02 08:45 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback retreated after meeting resistance at 0.9543 last week and i... - Jun 02 08:30 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency extended the fall from 1.1467 and dropped to as low as... - Jun 01 09:18 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7230
Euro's rally after finding renewed buying interest at 0.7146 yesterday, signals the fall from 0.7483 has ended at 0.7055 and cons... - Jun 02 14:53 GMT
Trade Idea: USD/CAD - Exit long entered at 1.2430
Despite yesterday's brief rise to 1.2563, lack of follow through buying and the subsequent retreat suggest consolidation below th... - Jun 02 14:45 GMT
Trade Idea: EUR/JPY - Stand aside
The single currency has risen again after brief retreat to 135.13 yesterday and near term upside risk remains for recent rise fro... - Jun 02 09:41 GMT
Trade Idea: AUD/USD - Buy at 0.7630 or Sell at 0.7830
As aussie has rebounded after intra-day initial fall to 0.7598,suggesting consolidation above this level would be seen with mild ... - Jun 02 09:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound continued to fall after the anticipated retreat fro... - Jun 02 10:30 GMT
GBP/JPY Elliott Wave Analysis
The British pound found renewed buying interest at 186.00 and has res... - Jun 02 10:19 GMT
USD/JPY Elliott Wave Analysis
Dollar rallied last week and broke above indicated resistance at 122.... - Jun 01 10:48 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jun 02 13:00 GMT

Action Bias

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

Fundamental Analysis Reports

Euro-area Core Inflation Jumped - Headline to Follow in Q4
Jun 02 13:01 GMT, by Danske Bank
Euro-area HICP inflation increased to 0.3% y/y in May from 0.0% y/y in April. The biggest surprise was an increase in core inflation to 0.9% y/y in May from 0.6% y/y in April (consensus 0.7% y/y). ...
Covert Euro Mini-Summit Supports EUR
Jun 02 11:13 GMT, by MarketPulse
One day down and four to go, but investors have yet to witness any lasting significant releases. Yesterday's U.S ISM manufacturing PMI - whose upbeat May components tone contrasts with the mixed mess...
Risk Aversion Seen Ahead of US Open
Jun 02 11:11 GMT, by MarketPulse
We're seeing some risk aversion in the markets ahead of the US open on Tuesday, with the larger than normal number of risk events this week weighing on sentiment. Ongoing Greek talks remain one ob...
GBP/JPY: Pound Gets Its Mojo Back
Jun 02 10:43 GMT, by Forex.com
The construction PMI improved to 55.9 in May from 54.2 previously, easily beating the expected reading of 55.1. On top of this, the latest lending data showed a few positive surprises too. The number...
BCB Eyed, Greece Walking A Fine Line
Jun 02 09:59 GMT, by Swissquote Bank SA
USD/BRL is testing the 3.20 strong resistance for quite some time now and is lacking the strength to move definitely above. Recent data showed that recession is not over yet as HSBC manufacturing PMI...
European Market Update: Euro Zone CPI Turns Positive For 1st Time Since November, European Bond Yields Rise
Jun 02 09:51 GMT, by Trade The News
Optimism on Greece building following a meeting on Monday between EU officials. The Berlin talks were focused on a technical paper prepared by the commission which all sides are to use in an attempt ...
All Daily Fundamental Reports >>

Technical Analysis Reports

AUDUSD - Turns Higher On Strength
Jun 02 09:34 GMT, by FXTechstrategy
AUDUSD - With the pair halting its weakness and strengthening, more gain is envisaged. On the downside, support resides at the 0.7650 level where a breach will aim at the 0.7600 level. Below that lev...
USD Index Pauses For Correction
Jun 02 08:40 GMT, by Elliott Wave Financial Service
USD Index has been very bullish for the past two weeks, but bulls slowed down in the last few days, so we suspect that market is forming a new but larger corrective retracement. We adjusted the wave ...
Forex Technical Analysis
Jun 02 07:59 GMT, by DeltaStock Inc.
Yesterday's rise peaked precisely at 125.00 sentiment level and current pullback will challenge 124.40 support zone. The overall uptrend remains bullish, with a crucial low at 123.80.
EUR/USD Lacks Confidence To Gain Value
Jun 02 07:39 GMT, by Dukascopy Swiss FX Group
Yesterday, EUR/USD slipped below the 55-day SMA/weekly PP and is currently fluctuating around the 1.0940 level. It seems that bulls are not convinced in the pair's ability to rally, even though a clo...
GBP/USD Encounters A Large Obstacle
Jun 02 07:38 GMT, by Dukascopy Swiss FX Group
Yesterday the Sterling suffered a rather heavy loss against the US Dollar. Nonetheless, the support cluster around 1.5190 was able to prevent the GBP/USD pair from falling deeper. Even though this cl...
USD/JPY Attempts To Stabilize Above 125
Jun 02 07:37 GMT, by Dukascopy Swiss FX Group
The US Dollar appreciated against the Yen for another day, but was unable to reach the resistance at 125.00. Despite closing trade under the nearest resistance level, the USD/JPY still experienced a ...
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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