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US Session: Orders and Options Watch
Jul 07 14:29 GMT, by ActionForex.com
EUR: The single currency continued to fall today and bids at 1.0960 and 1.0930 were filled but buy orders are still noted at 1.0900 and 1.0880, more buying interest is tipped at 1.0850 barrier and 1.0825, mixture of bids and stops is located at 1.0800. On the upside, offers are lowered to 1.0970 and 1.1000, sell orders are expected at 1.1025-30, 1...

Technical Outlook

GBP/USD Mid-Day Outlook
GBP/USD's drops sharply to as low as 1.5421 as fall from 1.5929 extends. Intraday bias remains on the downside for 1.51... - Jul 07 12:58 GMT
USD/CHF Mid-Day Outlook
USD/CHF's rise resumed by taking out 0.9503 and intraday bias is back on the upside for 0.9542 resistance. Break will r... - Jul 07 12:57 GMT
USD/JPY Mid-Day Outlook
No change in USD/JPY's outlook. The corrective decline from 125.85 might still extend lower. At this point, we'd expect... - Jul 07 12:53 GMT
EUR/USD Mid-Day Outlook
EUR/USD drops sharply today and the break of 1.0954 indicates resumption of fall from 1.1436. Intraday bias is back on ... - Jul 07 12:50 GMT

Special Reports

BOE To Stand On Side In July, Despite Rising Wage Pressure
Jul 07 09:30 GMT
While strong wage pressure might raise hope of higher inflation, the BOE in Jul...
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 ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9455
Dollar's intra-day breach of resistance at 0.9504 adds credence to our view that the rise from 0.9151 is still in progress and ga... - Jul 07 16:33 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5530
As the British pound has tumbled today and broke below previous support at 1.5532, suggesting the decline from 1.5930 top is stil... - Jul 07 16:29 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1030
Euro's intra-day break of support at 1.0954 confirms our view that the fall from 1.1436 top to extend weakness to 1.0900, however... - Jul 07 16:26 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has retreated again after faltering below resistance at 122.93, suggesting a retest of this week's low at 121.87... - Jul 07 16:20 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound met renewed selling interest at 1.5789 last week and has... - Jul 07 09:20 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback staged a strong rebound after finding good support at 0.9244... - Jul 07 08:58 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded after finding support at 1.0954, as... - Jul 06 09:17 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
The single currency has remained confined within near term established range and further sideways trading would be seen, above 0.... - Jul 07 14:43 GMT
Trade Idea: USD/CAD - Buy at 1.2580
As recent upmove has gathered momentum, adding credence to our view that wave iii is underway and bullishness remains for the upm... - Jul 07 14:40 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency rebounded after dropping to 133.91 earlier this week, as euro met resistance at 136.07 and has retre... - Jul 07 09:45 GMT
Trade Idea: AUD/USD - Sell at 0.7535
As aussie has fallen again after brief recovery to 0.7533, suggesting recent decline is still in progress and may extend further ... - Jul 07 09:40 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/CHF Elliott Wave Analysis
As he British pound has retreated after rising to 1.4834 last week, s... - Jul 07 10:14 GMT
GBP/USD Elliott Wave Analysis
The British pound dropped again last week after meeting renewed selli... - Jul 07 10:01 GMT
EUR/USD Elliott Wave Analysis
Although the single currency rebounded after opening lower last week,... - Jul 06 10:51 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 07 23:55 GMT

Action Bias

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

Fundamental Analysis Reports

US Trade Deficit Widened Slightly in May
Jul 07 14:23 GMT, by RBC Financial Group
The US trade deficit widened slightly in May 2015 to $41.9 billion from a revised $40.7 billion in April ($40.9 billion previously). Market expectations had been for the deficit to widen to $42.7 bil...
Canada's May Merchandise Trade Deficit Deteriorates
Jul 07 14:21 GMT, by RBC Financial Group
The May 2015 merchandise trade balance deteriorated further to $3.3 billion from an unrevised April deficit of $3.0 billion. Market expectations had been for a slight improvement of the May deficit t...
Loonie Bulls Press Panic Button as BoC Does Not Inspire
Jul 07 11:17 GMT, by MarketPulse
Due to the importance of today's impromptu EU summit of eurozone leaders, major currency pairings have managed to keep to a relatively tight range amid low turnover in the overnight session. Howev...
EUR/USD On The Verge As New Greek Proposals Awaited
Jul 07 11:11 GMT, by Forex.com
The EUR/USD is again sharply lower today as investors await fresh news from Greece. Following the weekend's referendum which resulted in an emphatic 'No' to the bailout offer from the trioka and the ...
Euro Heading For A Next Set Of 'Decisive' Meetings
Jul 07 10:29 GMT, by KBC Bank
Yesterday, EUR/USD and USD/JPY soon reversed an important part of the initially risk‐off losses. Global markets are again in some kind of no man's land going into the meetings of the Eurogroup and th...
Crude Oil Hits 3-Month Low, BCB's Efforts Pay Off
Jul 07 09:55 GMT, by Swissquote Bank SA
Yesterday, the BCB released its weekly survey. And the report showed that even though analysts raised again their inflation anticipation for the end of 2015 to 9.04% from 9% a week earlier, they also...
All Daily Fundamental Reports >>

Technical Analysis Reports

Crude on Slippery Slope as Supply Concerns Intensity
Jul 07 14:53 GMT, by Forex.com
As we reported the possibility at the end of last week, oil prices have absolutely plunged in recent days. On Monday alone, Brent dropped by more than 6% while WTI shed almost 8%. The vicious sell-of...
USDCAD May Have a Date with its Six-Year High as Oil's Collapse Continues
Jul 07 14:17 GMT, by Forex.com
Global traders remain hyper-focused on the latest Greece-related rhetoric from such powerful luminaries as Latvia's Central Bank Governor, Lithuania's Finance Minister, and even the Finance Minister ...
Forex Technical Analysis
Jul 07 10:00 GMT, by DeltaStock Inc.
EUR/USD The rebound above 1.0954 is corrective in nature, thus preceding a slide towards 1.0820. Key resistance lies at 1.1125.
EURUSD Eyes Towards 1.067-1.060
Jul 07 09:51 GMT, by Elliott Wave Financial Service
EURUSD has been trading bearish since May 2014. It has already completed four waves down with red wave 4 in final stages. Now EURUSD attempts to break down the range for wave 5.
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 ...
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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