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Jul 02 09:50 GMT

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Daily Report: Dollar Firm as Focus Turns from Greece to NFP
Jul 02 03:24 GMT, by ActionForex.com
Dollar is firm in Asian session as markets' focus turns temporarily away from Greece to job data from US. Non-farm payroll is expected to show 225k growth in June while unemployment rate is expected to drop to 5.4%. Average hourly earnings are expected to rise 0.2% mom. Leading data for NFP were generally positive. The ADP report showed 237k growt...

Technical Outlook

GBP/JPY Daily Outlook
As noted before, a short term top is in place at 195.86 on bearish divergence condition in 4 hours MACD. Deeper fall is... - Jul 02 04:51 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral. At this point, we'd still favor another decline in the cross. Break of 133.09... - Jul 02 04:49 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. The larger down trend should have just resumed and we're expec... - Jul 02 04:47 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral. On the upside, break of 1.4642 will indicate that the pull back from 1.4767 i... - Jul 02 04:45 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 >>

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Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea : USD/CHF - Buy at 0.9410
As the greenback has maintained a firm undertone after yesterday's rally above 0.9429 resistance, suggesting the rise from 0.9151... - Jul 02 08:17 GMT
Trade Idea: GBP/USD - Sell at 1.5660
As cable has declined again after yesterday's selloff below previous support at 1.5664 (now resistance), suggesting the fall from... - Jul 02 08:11 GMT
Trade Idea: EUR/USD - Stand aside
As the single currency has remained under pressure after yesterday's anticipated decline, suggesting near term bearishness remain... - Jul 02 08:00 GMT
Trade Idea: USD/JPY - Hold short entered at 123.45
Although the greenback has risen again after brief pullback and marginal gain from here cannot be ruled out, reckon 123.70-75 wou... - Jul 02 07:54 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/CHF Candlesticks and Ichimoku Analysis
Although the single currency slipped initially this week as price opened l... - Jul 02 08:52 GMT
AUD/JPY Candlesticks and Ichimoku Analysis
Despite opening lower earlier this week, as aussie found good support at 9... - Jul 01 08:57 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie fell briefly to 0.7587, lack of follow through selling on ... - Jul 01 08:43 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
Although the single currency has retreated after meeting resistance at 0.7168 yesterday and near term downside risk is for weakne... - Jul 01 14:30 GMT
Trade Idea: USD/CAD - Buy at 1.2470
The greenback has rallied after finding renewed buying interest at 1.2304 earlier this week and current break of previous resista... - Jul 01 14:17 GMT
Trade Idea: AUD/USD - Stand aside
Aussie's rebound after marginal fall to 0.7587 earlier this week suggests low has possibly been formed there and consolidation wi... - Jul 01 09:38 GMT
Trade Idea: EUR/JPY - Stopped profit and stand aside
Although the single currency has rebounded after finding support at 135.88 yesterday and test of resistance at 137.53 cannot be r... - Jul 01 09:33 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Although the single currency did rebound after finding renewed buying... - Jul 01 10:09 GMT
AUD/USD Elliott Wave Analysis
Although aussie fell briefly to 0.7587 earlier this week, lack of fol... - Jul 01 10:01 GMT
GBP/JPY Elliott Wave Analysis
Despite rising marginally to 195.85 last week, the subsequent retreat... - Jun 30 09:12 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 02 09:45 GMT

Action Bias

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

Fundamental Analysis Reports

European Market Update: Sweden Central Bank Cuts Interest Rates Further Into Negative Territory, Expands Its QE Program
Jul 02 09:42 GMT, by Trade The News
The USD remained firm on possible upside risk at today's June employment report. Position squaring was the theme ahead of the US payroll data and Sunday's referendum in Greece amid thin liquidity con...
UK PMI Construction Climbs To 4-Month High In June
Jul 02 09:12 GMT, by ICN.com
Britain's construction activity expanded at the fastest pace in four months in June, providing hopes growth will resume after the ease in May. Purchasing Managers' Index (PMI) climbed to 58.1 in June...
Dollar Better Bid As Greek Debt Saga Continues To Restrain Trading
Jul 02 08:40 GMT, by KBC Bank
Yesterday, the dollar profited from higher US yields, as US eco data came out fairly strong. Today, the focus is on the US payrolls. Markets are clearly positioned for a strong figure. Will the payro...
Markets Waiting On Greek Referendum
Jul 02 07:54 GMT, by Swissquote Bank SA
Markets are still focus on the Greek situation despite Euro zone finance ministers ruled out further talks with Greece's government until the referendum that is scheduled to take place on Sunday. Acc...
Japan's Large Manufacturers Grow More Optimistic, With Capex Plans At Decade High
Jul 02 07:53 GMT, by Dukascopy Swiss FX Group
The Bank of Japan's Tankan survey revealed that large manufacturers appeared to be more upbeat than expected, with the gauge reaching the highest level since March 2014, before a sales tax hike took ...
Australia's Construction Sector Set To Grow, As Building Approvals Rise More Than Expected In May
Jul 02 07:52 GMT, by Dukascopy Swiss FX Group
Australia's construction sector is likely to expand at a solid pace in the coming months, with building approvals continue to increase at a double-digit pace in May. According to the Australian Burea...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Jul 02 09:26 GMT, by Windsor Brokers Ltd
The Euro remains at the back foot and eventually closed below daily Ichimoku cloud top that served as good support for over one week. Yesterday's fresh acceleration lower, boosted by stronger dollar,...
Forex Technical Analysis
Jul 02 09:23 GMT, by DeltaStock Inc.
EUR/USD Current rebound above 1.1030 should be considered corrective, preceding another leg downwards, to 1.0950. Initial intraday resistance lies at 1.1110, followed by the crucial high at 1.1168.
AUDUSD Could Retest 0.7850 Before Market Turns Lower
Jul 02 09:16 GMT, by Elliott Wave Financial Service
USDJPY find probable lows in the wave 4 since we have almost completed impulse move up. We expect to see a closing of the current gap and completion of the wave 1 and corrective pullback. NFP for sur...
EUR/USD Reaches Target At 1.1060
Jul 02 08:22 GMT, by Dukascopy Swiss FX Group
As expected, EUR/USD's bears managed to send the pair to the near-term target around 1.1060, where 100-day SMA and weekly S1 are currently placed. At the moment the Euro is projected to rebound moder...
GBP/USD Risks Falling To Two-Week Low
Jul 02 08:20 GMT, by Dukascopy Swiss FX Group
The Sterling surprised with its performance for the second day, as it suffered serious losses against the US Dollar. Losses, however, were limited by a strong support cluster around 1.56, but risks o...
USD/JPY Aims To Retake 124.00
Jul 02 08:18 GMT, by Dukascopy Swiss FX Group
The American Dollar overperformed the Japanese Yen on Wednesday, as it breached through the immediate resistance cluster around 123.00. The USD/JPY skyrocketed to 123.33, with the 20-day SMA limiting...
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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