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Jun 03 07:42 GMT

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Daily Report: Euro Maintains Gain on Greece Optimism
Jun 03 04:55 GMT, by ActionForex.com
Euro rebounded strongly yesterday and stayed firm in Asian session. News regarding Greece was seen as the main driver in the rebound. It's reported that Greece's international creditors are giving the country a final take-it-or-leave-it offer aiming at breaking the neverending stalemate in the negotiations. Greece is expected to accept it with at ...

Technical Outlook

EUR/USD Daily Outlook
The strong rebound and bring of 1.1063 minor resistance suggests that fall from 1.1466 has completed at 1.0818 already.... - Jun 03 05:30 GMT
GBP/USD Daily Outlook
No change in GBP/USD's outlook. As long as 1.5088 support holds, another rise could still be seen. And, above 1.5814 wi... - Jun 03 05:24 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for the moment. Overall, we're holding on to the view that down trend from 1.0... - Jun 03 05:23 GMT
USD/JPY Daily Outlook
With 123.60 minor support intact, further rise is still expected in USD/JPY. Current up trend should target 61.8% proje... - Jun 03 05:20 GMT

Special Reports

RBA Left Cash Rate Unchanged, Noting Further Easing Dependent On Data
Jun 02 07:01 GMT
The RBA left the cash rate unchanged at 2% in June, after cutting it by -25 bps...
BOC Indicates Canada's Economy Hinges On US' Growth
May 28 06:34 GMT
The BOC meeting in May delivered little surprise as it was widely anticipated t...
BOJ Expects Inflation To Achieve Target Later Than Expected. Yen Slumped
May 27 06:26 GMT
Japanese yen slumped as BOJ minutes unveiled that Japan’s inflation would reach...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea: EUR/USD - Buy at 1.1060
As the single currency has eased after rising to 1.1194 yesterday, suggesting minor consolidation below this level would be seen ... - Jun 03 07:36 GMT
Trade Idea: USD/JPY - Stand aside
Dollar's anticipated retreat from 125.06 suggests a minor top has been formed there and consolidation below this level would be s... - Jun 03 07:27 GMT
Trade Idea Wrap-up: USD/CHF - Stand aside
Although current break of Friday's low at 0.9348 signals the fall from last week's high of 0.9543 is still in progress and near t... - Jun 02 15:33 GMT
Trade Idea Wrap-up: GBP/USD - Stand aside
Current euro-led rebound suggests near term upside risk has increased for the rebound from 1.5170 (yesterday's low) to bring retr... - Jun 02 15:27 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound only recovered to 1.5437 (we recommended to sell cable a... - Jun 02 08:45 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback retreated after meeting resistance at 0.9543 last week and i... - Jun 02 08:30 GMT
EUR/USD Candlesticks and Ichimoku Analysis
The single currency extended the fall from 1.1467 and dropped to as low as... - Jun 01 09:18 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Buy at 0.7230
Euro's rally after finding renewed buying interest at 0.7146 yesterday, signals the fall from 0.7483 has ended at 0.7055 and cons... - Jun 02 14:53 GMT
Trade Idea: USD/CAD - Exit long entered at 1.2430
Despite yesterday's brief rise to 1.2563, lack of follow through buying and the subsequent retreat suggest consolidation below th... - Jun 02 14:45 GMT
Trade Idea: EUR/JPY - Stand aside
The single currency has risen again after brief retreat to 135.13 yesterday and near term upside risk remains for recent rise fro... - Jun 02 09:41 GMT
Trade Idea: AUD/USD - Buy at 0.7630 or Sell at 0.7830
As aussie has rebounded after intra-day initial fall to 0.7598,suggesting consolidation above this level would be seen with mild ... - Jun 02 09:34 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/USD Elliott Wave Analysis
The British pound continued to fall after the anticipated retreat fro... - Jun 02 10:30 GMT
GBP/JPY Elliott Wave Analysis
The British pound found renewed buying interest at 186.00 and has res... - Jun 02 10:19 GMT
USD/JPY Elliott Wave Analysis
Dollar rallied last week and broke above indicated resistance at 122.... - Jun 01 10:48 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jun 03 07:35 GMT

Action Bias

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

Fundamental Analysis Reports

Euro Squeezed Sharply Higher On Greece
Jun 03 07:23 GMT, by KBC Bank
Yesterday, the prospect/hope for a Greek debt deal pushed EMU bond yields sharply higher and forced euro shorts out of their positions. EUR/USD gained more than two big figures. Today, there are plen...
A Day Of Swings For The Euro
Jun 03 07:15 GMT, by ForexTime
The euro encountered aggressive swings across the currency markets as investors reacted positively both to optimism that a Greece deal is finally in the closing stages of being reached, and the subst...
Australia's Economy Grows A Robust 0.9% In Q1
Jun 03 06:50 GMT, by Dukascopy Swiss FX Group
Australia's gross domestic product grew more than expected in the first quarter, as a pick-up in mining export volumes, household spending and retail stock managed to offset sluggish investment. The ...
UK Construction PMI Rebounds In May From 22-Month Low
Jun 03 06:46 GMT, by Dukascopy Swiss FX Group
UK construction sector recovered in May from the lowest level in almost two years in April. The Markit/CIPS UK construction PMI bounced back to 55.9 in the reported month from April's 22-month low of...
US Factory Orders Drops In April, As Manufacturers Struggle Amid Strong Dollar
Jun 03 06:45 GMT, by Dukascopy Swiss FX Group
US factory orders plunged in April, adding to signs that manufacturers are struggling amid a stronger Greenback and cheaper oil. Orders dropped 0.4% in April, marking the eighth decrease in nine mont...
Inflation Is Back In Euro Zone
Jun 03 06:44 GMT, by Dukascopy Swiss FX Group
For the first time this year, consumer prices across the 19-country currency bloc edged higher, easing fears that the Euro zone is set for a prolonged Japan-style era of deflation. According to a rep...
All Daily Fundamental Reports >>

Technical Analysis Reports

Today's Market Outlook
Jun 03 06:30 GMT, by Windsor Brokers Ltd
Euro skyrocketed yesterday on fresh hopes for solution of Greek's debt problem, rallying from day's low at 1.0914 to 1.1188 peak, ticks away from the next pivot at 1.1206, lower top of 22 May. Yester...
Daily FX Report
Jun 03 05:38 GMT, by Varengold Bank
The dollar rally took a pause in Asian and early European trade today as USD/JPY touched but failed to hold the 125.00 level reaching multi year highs, but then quickly lost air and faded back to 124...
WTI Eyeing Up The $63.25 Highs
Jun 03 05:09 GMT, by ThinkForex
We did indeed see the swing low at 56.65 support, with the low producing a Bullish Hammer on D1. The gains since this swing low have been direct and of an impulsive nature, which favours an eventual ...
Foreign Exchange Market Commentary
Jun 03 05:05 GMT, by HY Markets
THE EURO closed higher on Tuesday. The highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are oversold but are turnin...
Market Morning Briefing
Jun 03 04:58 GMT, by Kshitij Consultancy Services
Strong rise in the Euro (1.1162) to a high of 1.1193 yesterday, past our envisaged 1.10-11 region. Possibly establishes 1.0885 as a Support for the next couple of weeks, and opens up chances of seein...
Daily Technical Analysis
Jun 03 02:41 GMT, by FX Instructor
The EURUSD surprisingly had a strong bullish momentum yesterday topped at 1.1192. This fact force me to activate my wait and see mode. The bias is bullish in nearest term testing 1.1205 – 1.1300 area...
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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