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Jul 02 16:31 GMT

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US Session: Orders and Options Watch
Jul 02 15:09 GMT, by ActionForex.com
EUR: The single currency found support around 1.1050 and has recovered again, offers at 1.1120 were filled but sell orders are expected at 1.1145-50 and 1.1170 (stops above 1.1175-80), sellers are tipped at 1.1200, 1.1220-25 and 1.1245, selling interest should emerge around 1.1280 and 1.1300. On the downside, bids are seen at 1.1075-80, 1.1050 and...

Technical Outlook

USD/CHF Mid-Day Outlook
Intraday bias in USD/CHF remains on the upside for 0.9542 resistance. Break there will resume the rise from 0.9072. Mor... - Jul 02 13:10 GMT
EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral for the moment. At this point, we're favoring the case that corrective rebound... - Jul 02 13:01 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains on the downside as the fall from 1.5929 continues. As noted before, we're slightly fav... - Jul 02 13:00 GMT
USD/JPY Mid-Day Outlook
USD/JPY retreats mildly in early US session and intraday bias remains neutral first. Fall from 125.85 is viewed as a co... - Jul 02 12:54 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

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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9390
As the greenback has retreated after intra-day marginal rise to 0.9504, suggesting consolidation below this level would be seen a... - Jul 02 16:24 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5665
As cable has rebounded after intra-day brief fall to 1.5564. suggesting consolidation above this level would be seen and recovery... - Jul 02 16:21 GMT
Trade Idea Wrap-up: EUR/USD - Stand aside
As the single currency has recovered after holding above intra-day support at 1.1032, suggesting consolidation with initial upsid... - Jul 02 16:19 GMT
Trade Idea Wrap-up: USD/JPY - Hold short entered at 123.45
Although the greenback jumped briefly to 123.74 in NY morning, as dollar met selling interest there and has retreated, retaining ... - Jul 02 16:16 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/GBP Candlesticks and Ichimoku Analysis
Although the single currency opened lower and fell briefly to 0.6988, lack... - Jul 02 09:43 GMT
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
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
The single currency has remained confined in narrow range after meeting resistance at 0.7168 and although near term downside risk... - Jul 02 15:39 GMT
Trade Idea: USD/CAD - Buy at 1.2470
As the greenback has retreated after rising to 1.2633, suggesting consolidation below this level would be seen and pullback to 1.... - Jul 02 15:36 GMT
Trade Idea: AUD/USD - Sell at 0.7670
As aussie has fallen again after meeting renewed selling interest at 0.7739 yesterday, suggesting the rebound from 0.7587 has end... - Jul 02 10:13 GMT
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
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/GBP Elliott Wave Analysis
Although euro fell initially this week, lack of follow through sellin... - Jul 02 11:40 GMT
USD/CAD Elliott Wave Analysis
The greenback only eased to 1.2304 before surging again and the breac... - Jul 02 11:22 GMT
EUR/CAD Elliott Wave Analysis
Although the single currency did rebound after finding renewed buying... - Jul 01 10:09 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 02 16:25 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↓ DN↑ UP↑ UP- NE
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Forex Brokers

Fundamental Analysis Reports

US June Employment Rises
Jul 02 14:16 GMT, by RBC Financial Group
June 2015 payroll employment rose by 223,000 in the month, which represented a slight slowing from the downwardly revised 254,000 gain in May (280,000 previously), with the increase in April lowered ...
US: June Employment Report a Mixed Bag
Jul 02 14:09 GMT, by Danske Bank
The June employment report was overall slightly on the weak side of expectations. Another 223,000 was added to US employment in June and the unemployment rate declined two notches to 5.3%. However, n...
Economy Added Jobs at a Solid Pace, While Jobless Rate Fell as More People Left Labor Force
Jul 02 14:07 GMT, by TD Bank Financial Group
This morning's report was disappointing whatever way you slice it. The headline came in above 200 thousand, but the revisions suggested weaker momentum than previously suggested. At the same time, go...
NFP Instant Reaction: You Are Now Entering the Twilight Zone
Jul 02 13:32 GMT, by Forex.com
The market reaction was mostly as expected, if relatively subdued. The US dollar dropped by about 50 pips across the board, with EURUSD testing up to 1.1100, USDJPY pulling back toward 123.00, and NZ...
Markets Temporarily Bulled Up For NFP
Jul 02 12:12 GMT, by MarketPulse
This morning's focus temporarily shifts from Greece to the U.S, where the granddaddy of economic indicators, the non-farm payroll (NFP) report, could give up a subtle hint to the timing of the Fed's ...
AUD/USD On The Brink Ahead Of NFP
Jul 02 11:13 GMT, by Forex.com
The US monthly jobs report will be released a day earlier than usual today and analysts are feeling bullish as expectations are that the headline nonfarm payrolls number probably increased by a good ...
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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