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Jul 07 06:46 GMT

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Daily Report: Aussie Soft after RBA, Greece to Submit New Bailout Proposal
Jul 07 04:58 GMT, by ActionForex.com
The Australian dollar remains soft after RBA left the cash rate unchanged at historical low of 2.00% as widely expected. The accompanying statement contained little new information. The central bank maintained a neutral stance and said that it will assess the outlook and policy stance based on further information on economic and financial conditio...

Technical Outlook

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 07 05:12 GMT
GBP/USD Daily Outlook
With 1.5666 minor resistance intact, deeper decline is still expected in GBP/USD. We're favoring the case that rise fro... - Jul 07 05:10 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for the moment. We'd still expect further rally as long as 0.9242 support hold... - Jul 07 05:07 GMT
USD/JPY Daily Outlook
The corrective decline from 125.85 might still extend lower. At this point, we'd expect strong support from 61.8% retra... - Jul 07 05:05 GMT

Special Reports

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 ...
FX 2015 Outlook - USDJPY Limited
Jun 16 03:31 GMT
Japan's economy has shown signs of recovery. GDP growth accelerated to an annua...
All Special Reports >>

Markets Snapshot

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Stand aside
Despite intra-day rebound to 0.9472, as the greenback met renewed selling interest there and has retreated again, retained our vi... - Jul 06 16:27 GMT
Trade Idea Wrao-up: GBP/USD - Sell at 1.5680
As the British pound has rebounded after intra-day marginal brief fall to 1.5532, suggesting consolidation above this level would... - Jul 06 16:22 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency found buyinig interest just above indicated support at 1.1000 and has rebounded again, retaining our view ... - Jul 06 16:12 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback staged a strong rebound after intra-day initial brief drop to 121.87,  retaining our view that further consolida... - Jul 06 15:59 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded after finding support at 1.0954, as... - Jul 06 09:17 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback opened lower again this week and near term downside... - Jul 06 08:59 GMT
EUR/JPY Candlesticks and Ichimoku Analysis
Although the single currency opened lower this week and dropped sharply to... - Jul 03 10:30 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
Euro has remained confined in narrow range and further sideways trading would be seen, above 0.7140 would bring another test of r... - Jul 06 15:20 GMT
Trade Idea: USD/CAD - Buy at 1.2500
As the greenback has risen again after brief pullback, suggesting recent upmove from 1.2128 (wave ii trough) is still in progress... - Jul 06 15:17 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency opened lower again earlier today and dropped to as low as 133.91, as euro has rebounded after holdin... - Jul 06 10:13 GMT
Trade Idea: AUD/USD - Sell at 0.7590
As aussie has remained under pressure after last week's selloff from 0.7739, suggesting recent decline is still in progress and m... - Jul 06 10:07 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/USD Elliott Wave Analysis
Although the single currency rebounded after opening lower last week,... - Jul 06 10:51 GMT
USD/JPY Elliott Wave Analysis
Although the greenback met renewed selling interest at 123.74 and has... - Jul 06 10:30 GMT
USD/CHF Elliott Wave Analysis
Although the single currency retreated initially last week, as euro f... - Jul 03 11:02 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 07 06:40 GMT

Action Bias

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

The RBA Holds Fire As The Massacre Of Chinese Stocks Continues
Jul 07 06:43 GMT, by Forex.com
It has been another eventful day in Asia, with a monetary policy meeting in Australia and another massacre of Chinese equities. The Reserve Bank of Australia (RBA) left the official cash rate at 2.0%...
European Open Briefing
Jul 07 06:41 GMT, by IC Markets
Overnight, the main event was the RBA rate decision. The central bank left the key rate unchanged at 2.00 % and said that accommodative monetary policy will remain appropriate in the near-term. They ...
AUD/USD: The RBA Kept Interest Rates Unchanged At 2%
Jul 07 06:09 GMT, by GCI Financial
The pair is expected to find support at 0.745, and a fall through could take it to the next support level of 0.7422. The pair is expected to find its first resistance at 0.752, and a rise through cou...
EUR/USD: Euro Trading Lower In The Asian Session
Jul 07 06:08 GMT, by GCI Financial
The pair is expected to find support at 1.099, and a fall through could take it to the next support level of 1.0949. The pair is expected to find its first resistance at 1.1085, and a rise through co...
GBP/USD: Pound Trading Lower Ahead Of UK's Industrial And Manufacturing Production Figures
Jul 07 06:07 GMT, by GCI Financial
The pair is expected to find support at 1.5537, and a fall through could take it to the next support level of 1.5486. The pair is expected to find its first resistance at 1.5635, and a rise through c...
USD/JPY: Japanese Yen Trading Lower In The Asian Session
Jul 07 06:04 GMT, by GCI Financial
The pair is expected to find support at 122.26, and a fall through could take it to the next support level of 121.84. The pair is expected to find its first resistance at 123.03, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

USDCAD Short-Term Elliott Wave Analysis
Jul 07 04:26 GMT, by Elliott Wave International
Rally from wave (X) low at 1.212 is unfolding in triple corrective structure WXYZ where wave W ended at 1.2423, wave X ended at 1.23, wave Y ended at 1.263, and second wave X ended at 1.2537. Wave Z ...
Foreign Exchange Market Commentary
Jul 07 03:33 GMT, by HY Markets
THE EURO closed slightly lower on Monday. The lowrange close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling...
Daily Technical Analysis
Jul 07 03:33 GMT, by FX Instructor
The EURUSD closed the gap yesterday, topped at 1.1094. The bias is neutral in nearest term. Potential daily range is seen between 1.1120 – 1.0970. A clear break and daily close above 1.1120 could tri...
Market Morning Briefing
Jul 07 03:32 GMT, by Kshitij Consultancy Services
Euro (1.1036) came off from 1.1096 yesterday and is currently trading below 1.11. Scope of a fall towards lower support near 1.08 still remains unless an immediate recovery is seen from current level...
AUDUSD Technicals Suggests A Run Towards 73c Is On The Cards
Jul 07 03:01 GMT, by ThinkForex
Technically and fundamentally the Australian Dollar appears set for a run down towards 76c, which is why I would welcome any rally towards 76c with open arms. Monday saw the Aussie gap lower surround...
AUD/USD – Finds Much Needed Support From 0.75
Jul 07 02:58 GMT, by MarketPulse
The Australian dollar hasn't had its best week falling sharply from above the key 0.77 level to a new six year low below 0.75. The AUD/USD is presently trading around the 0.75 where it has found some...
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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