|Jul 01 12:45 GMT|
Fundamental Analysis Reports
Greece Offers Compromise, ADP and PMIs Eyed
Jul 01 12:04 GMT, by
European indices have rebounded strongly on Wednesday on reports that Alexis Tsipras has written to creditors to accept the bailout offer in what would be an incredible U-turn from the Greek Prime Mi...
Swiss PMI Reaches 50, Japan's Tankan
Jul 01 09:39 GMT, by
In Switzerland, June manufacturing PMI surprised market to the upside with a reading of 50 versus 49.9 expected and 49.4 in May. The index just reached the 50% threshold, indicating that the industry...
European Market Update: Risk Appetite Finds Its Groove On Reports Greece Was Prepared To Accept All Bailout Conditions From Its Creditors
Jul 01 09:34 GMT, by
EUR/USD was initially under pressure in early Europe and briefly tested under the 1.11 level as the Greek Referendum was looming this coming weekend. Eurogroup convened later today on Greece's most r...
Dollar Better Bid As Greek Debt Saga Continues To Restrain Trading
Jul 01 08:38 GMT, by
Yesterday, trading in the major currency cross rates was still haunted by all kinds of rumours on Greece. There was no clear trend for USD trading, but at the end of the day, the dollar slightly outp...
Greece Missed Payment To The IMF
Jul 01 08:23 GMT, by
It's done, Greece became the first developed country to default on an IMF loan after having missed the €1.5bn payment to the IMF. The cash-strapped nation is officially in arrears and cannot expect f...
Greece Defaults On IMF Payment, Euro Zone Inflation At 0.2% In June
Jul 01 07:12 GMT, by
Greece fell in its financial abyss after the bailout programme, which had been supporting the economy for five years, expired at midnight Tuesday and the country missed its crucial 1.6 billion euro l...
Technical Analysis Reports
S&P Futures Higher on Renewed Greece Hopes
Jul 01 12:39 GMT, by
Yesterday saw the S&P 500 post its first quarterly drop in nearly three years. As well as the crisis in Greece and the stock market turmoil in China, investors are growing worried about the impac...
Today's Market Outlook
Jul 01 08:48 GMT, by
The Euro traded in quiet, narrow-ranged US session yesterday, awaiting an action expected on Greece's official default at the end of the day. Not much of movements happened so far, however, near-term...
Forex Technical Analysis
Jul 01 08:45 GMT, by
USD/JPY The recent test of 121.80 support has initiated an intraday rebound and the current bias is positive, for another test of 123.20 resistance area. On the senior frames the outlook remains nega...
AUDUSD Could Retest 0.7850 Before Market Turns Lower
Jul 01 08:42 GMT, by
AUDUSD spiked to a new low before price bounced for nearly 140pips and recovered above the latest downward channel. This minor recovery suggests that big complex correction since start of June is sti...
EUR/USD Remains Volatile Above 55-Day SMA
Jul 01 08:18 GMT, by
Yesterday EUR/USD bounced back from the long-term downtrend, the line which is also supported by the weekly pivot point at 1.1234. At the same time, losses were halted by the 55-day SMA at 1.1131, bu...
GBP/USD To Take Another Shot At The Weekly PP
Jul 01 08:03 GMT, by
The Sterling declined versus the US Dollar on Tuesday, amid better-than-expected US fundamentals. As a result, the Cable suffered a 44-pip loss, with the 20-day SMA providing support. Nevertheless, t...
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Long Term Forecasts
Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by
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
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
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
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
The Australian dollar is known for its strong volatility, and taking traders on roller coaster ride...
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