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Jul 01 06:33 GMT

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Daily Report: Euro Mixed on Greece, Yen Firm after Positive Tankan
Jul 01 04:29 GMT, by ActionForex.com
Euro remains mixed as markets are closely watching the development in Greece. IMF spokesman Gerry Rice confirmed that Greece missed the EUR 1.5b payment after the deadline and that's the largest missed payment in the fund's history. And, Greece would now only receive further funding from IMF after the arrears are cleared. Meanwhile, Greece has ask...

Technical Outlook

USD/CAD Daily Outlook
The rise from 1.2127 resumed by taking out 1.2422 and reaches as high as 1.2499 so far. Intraday bias is back on the up... - Jul 01 04:45 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... - Jul 01 04:44 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remain neutral for the moment. We're slightly favoring that rise from 1.4565 is finished at 1.... - Jul 01 04:42 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral. Above 0.9427 will target 0.9542 resistance. Break there will resume the rise ... - Jul 01 04:40 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 Wrap-up: USD/CHF - Stand aside
Despite yesterday's selloff to 0.9244, the subsequent strong rebound dampened our bearishness and further choppy trading is in st... - Jun 30 16:01 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5800
As cable rebounded after finding support at 1.5693, retaining our view that further consolidation would be seen and another test ... - Jun 30 15:55 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency staged a strong rebound after opening sharply lower to 1.0954 yesterday, suggesting low has been formed th... - Jun 30 15:53 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Although intra-day brief fall to 121.94 suggests the erratic decline from 125.86 top is still in progress and near term downside ... - Jun 30 15:48 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after rising to 1.5930 earlier th... - Jun 30 08:29 GMT
USD/CHF Candlesticks and Ichimoku Analysis
Although the greenback rebounded after finding support at 0.9151, as price... - Jun 30 08:18 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Despite rising to 1.1436 earlier this month, the subsequent stronger-than-... - Jun 29 10:10 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
Although the single currency staged a strong rebound after falling to 0.6988 yesterday and consolidation above this level would b... - Jun 30 14:54 GMT
Trade Idea: USD/CAD - Buy at 1.2380
The greenback has risen again after brief pullback and bullishness remains for the rebound from 1.2128 (this month's low and tent... - Jun 30 14:48 GMT
Trade Idea: EUR/JPY - Hold short entered at 137.65
Although the single currency rallied yesterday after falling to 133.78, as euro ran into renewed selling interest at 138.13 and h... - Jun 30 09:01 GMT
Trade Idea: AUD/USD - Stand aside
Despite breaking below previous support at 0.7598, lack of follow through selling and the subsequent rebound from 0.7587 suggest ... - Jun 30 08:54 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/JPY Elliott Wave Analysis
Despite rising marginally to 195.85 last week, the subsequent retreat... - Jun 30 09:12 GMT
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
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 01 06:25 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE- NE- NE- NE
USDJPY↑ UP- NE↓ DN- NE
GBPUSD- NE- NE- NE↑ UP
USDCHF- NE- NE- NE- NE
USDCAD- NE↑ UP↑ UP- NE
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Fundamental Analysis Reports

Another Day, Another Eurogroup Meeting
Jul 01 06:13 GMT, by MarketPulse
The Greek saga continues today as Greece falls into arrears with the International Monetary Fund after failing to repay €1.6 billion on Tuesday, despite an 11th hour request for a repayment extension...
AUDUSD: Life In No Man's Land
Jul 01 06:10 GMT, by Forex.com
The Australian dollar has been on the front foot lately as investors brush aside some risk-off sentiment from earlier in the week. It seems the market isn't as concerned about the possibility of a Gr...
Asian Market Update: Japan Tankan Boosted By Strong CAPEX, China PMIs Little Changed
Jul 01 06:06 GMT, by Trade The News
In Greece, Athens' request for a bailout extension was met with German response to cancel the referendum. Even though, Syriza may be headed for a loss if the referendum does take place and thereby a ...
AUD/USD: Aussie Extends Its Gains In The Asians Session
Jul 01 06:05 GMT, by GCI Financial
The pair is expected to find support at 0.7677, and a fall through could take it to the next support level of 0.7628. The pair is expected to find its first resistance at 0.7757, and a rise through c...
EUR/USD: Euro Trading Higher Ahead Of Germany's Manufacturing PMI Data
Jul 01 06:04 GMT, by GCI Financial
The pair is expected to find support at 1.1086, and a fall through could take it to the next support level of 1.1033. The pair is expected to find its first resistance at 1.1218, and a rise through c...
GBP/USD: Britain's Q1 GDP Growth Revised Upwards
Jul 01 06:02 GMT, by GCI Financial
The pair is expected to find support at 1.5655, and a fall through could take it to the next support level of 1.5614. The pair is expected to find its first resistance at 1.5757, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Foreign Exchange Market Commentary
Jul 01 05:31 GMT, by HY Markets
THE EURO closed lower on Tuesday as it consolidates below the 20day moving average crossing. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trad...
Market Morning Briefing
Jul 01 03:52 GMT, by Kshitij Consultancy Services
The Euro-Yen (136.40) trades a little lower than yesterday in line with the indicated bearishness. But, there could be Support near 135.40, inside the Candle traced on Monday and above the 134-135 Su...
Daily Technical Analysis
Jul 01 03:50 GMT, by FX Instructor
The EURUSD failed to continue its bullish momentum yesterday and hit 1.1125 earlier today. The bias is neutral in nearest term probably with a little bearish bias testing 1.1050 region. Immediate res...
The Daily Forecaster: AUDUSD
Jul 01 03:12 GMT, by FX-Forecaster
The break above 0.7715 appears to suggest the 0.7585 low was the Wave (i). At 0.7724 we have seen a 76.4% retracement but I can't rule out 0.7743-51. Basically this must top out below 0.7770 for loss...
AUDNZD Breaks 1.13 To Favour Buying The Dips
Jul 01 03:00 GMT, by ThinkForex
Assuming the gap seen above 1.0914 does turn out to be a successful 'measuring gap' then we can assume the next target to be around the 100% at 1.1436. As we are within striking distance of this targ...
GBPUSD - Risk Remains Higher Despite Hesitation
Jul 01 02:54 GMT, by FXTechstrategy
GBPUSD - With GBP continuing to hesitate following its recent weakness, we think a turn back higher could be building up. This view remains valid while it holds above the 1.5661 level. On the upside,...
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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