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Jul 07 08:52 GMT

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Daily Report: Aussie Soft after RBA, Greece to Submit New Bailout Proposal
Jul 07 04:58 GMT, by ActionForex.com
The Australian dollar remains soft after RBA left the cash rate unchanged at historical low of 2.00% as widely expected. The accompanying statement contained little new information. The central bank maintained a neutral stance and said that it will assess the outlook and policy stance based on further information on economic and financial conditio...

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 07 05:12 GMT
GBP/USD Daily Outlook
With 1.5666 minor resistance intact, deeper decline is still expected in GBP/USD. We're favoring the case that rise fro... - Jul 07 05:10 GMT
USD/CHF Daily 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 07 05:07 GMT
USD/JPY Daily Outlook
The corrective decline from 125.85 might still extend lower. At this point, we'd expect strong support from 61.8% retra... - Jul 07 05:05 GMT

Special Reports

RBA Maintained Cash Rate At 2%
Jul 07 05:46 GMT
RBA announced to leave the cash rate unchanged at 2% for a second consecutive m...
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...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Stand aside
Dollar's retreat after yesterday's brief bounce to 0.9472 has retained our view that further consolidation below last week's high... - Jul 07 07:57 GMT
Trade Idea: GBP/USD - Sell at 1.5645
As the British pound has remained under pressure after recent selloff, suggesting the decline from 1.5930 top is still in progres... - Jul 07 07:52 GMT
Trade Idea: EUR/USD - Stand aside
As the single currency has retreated after faltering below resistance at 1.1096 (yesterday's high), retaining our view that furth... - Jul 07 07:43 GMT
Trade Idea: USD/JPY - Stand aside
The greenback has remained confined within near term range and further sideways trading would be seen, although test of 122.95-00... - Jul 07 07:38 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 07 08:45 GMT

Action Bias

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

Fundamental Analysis Reports

US Dollar Stronger Ahead Of Greece Last-Chance Talks
Jul 07 08:25 GMT, by Swissquote Bank SA
Greece will walk into the negotiation room today (6pm CEST in Brussels), knowing that it is its last chance to reach an agreement with its European creditors. Greece has a new finance minister in the...
Australia: Banana Republic Tag Warranted?
Jul 07 08:24 GMT, by Blackwell Global
As Australia's export mix continues to narrow, the tag “Banana Republic” has started to make aresurgence. Former Australian Prime Minister, Paul Keating, was the first to coin the term back in the mi...
Silver Set To Move
Jul 07 08:20 GMT, by Blackwell Global
Silver has been trending lower under a bearish trend line that could be running out of steam. Silver has found some support thanks to the uncertainty in the global markets and a break through the tre...
New Zealand Business Confidence At 3-Year Low, Fitch Confirms AA+ Rating
Jul 07 07:58 GMT, by Dukascopy Swiss FX Group
New Zealand business confidence declined to the lowest level in three years in the second quarter as the economic outlook lost lustre. A net 5% of firms in the NZIER's quarterly survey of business op...
Greece Has Few Hours To Ensure Its Stay In Euro Bloc
Jul 07 07:57 GMT, by Dukascopy Swiss FX Group
After Greek voters supported Alexis Tsipras' government by saying 'no' to more austerity in exchange for a new round of bailout funding from its international creditors, Yanis Varoufakis, Greek Finan...
Canada's Purchasing Activity Rises Less Than Expected, Lower Oil Prices Undermines Economic Outlook
Jul 07 07:55 GMT, by Dukascopy Swiss FX Group
Canada's purchasing activity rose in June at a slower pace than expected, retreating from its high reached in the preceding month. Ivey PMI came in at 55.9, with a reading above the 50-mark threshold...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Jul 07 08:02 GMT, by Windsor Brokers Ltd
The Euro traded within narrow range in Asia, awaiting today’s EU summit, as Greek drama is continuing. Yesterday’s recovery action covered overnight’s gap but rallies were capped by daily Ichimoku cl...
EUR/USD In Limbo As Euro Summit Approaches
Jul 07 07:32 GMT, by Dukascopy Swiss FX Group
EUR/USD's outlook tends to remain moderately bearish at the moment, despite attempts of the pair's to rebound yesterday. The Euro is under intense pressure amid the crisis in Greece, as any negative ...
GBP/USD Attempts To Break Out Of The Bearish Trend
Jul 07 07:29 GMT, by Dukascopy Swiss FX Group
Although the Sterling appreciated against the US Dollar yesterday, gains were limited by the monthly PP around 1.56. The Pound is still likely to outperform the Greenback today, in spite of mixed tec...
USD/JPY To Erase Monday's Gains
Jul 07 07:27 GMT, by Dukascopy Swiss FX Group
On Monday, the USD/JPY almost reached the 123.00 psychological level, but due to lack of the bullish momentum was pulled back. As a result, the US Dollar stabilised at 122.66, right on top of the wee...
XAU/USD To Set Eyes On 1,157
Jul 07 07:26 GMT, by Dukascopy Swiss FX Group
XAU/USD was provided with bullish impetus in the early morning trading on Monday; however, gains were somewhat erased later during the day and gold slipped back below the 1,171 mark (weekly PP). Ther...
Daily FX Report
Jul 07 07:07 GMT, by Varengold Bank
The euro dropped to a one-week low against the dollar as Greeks voted against yielding to further austerity, raising the risk of an exit from the currency union. The common currency pared its losses ...
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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