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Jun 29 23:08 GMT

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Mid-Day Report: Global Stocks Tumbled on Greece, Euro Pared Losses
Jun 29 14:50 GMT, by ActionForex.com
Global stocks market tumble sharply on news that Greece is going to hold a referendum on bailout terms with the international creditors. US markets open generally low with DJIA losing more than -120 pts in initial trading. Major European indices are also generally lower with DAX losing -1.8%, CAC losing -2.2% and FTSE losing -0.9% at the time of w...

Technical Outlook

USD/CHF Mid-Day Outlook
Despite edging higher to 0.9427, USD/CHF quickly dropped back and intraday bias remains neutral first. Above 0.9427 wil... - Jun 29 15:06 GMT
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains mildly on the downside for the moment. Rise from 1.4565 could be finished at 1.5929 af... - Jun 29 15:02 GMT
USD/JPY Mid-Day Outlook
As noted before, the corrective fall from 125.85 is extending and intraday bias remains on the downside. Deeper decline... - Jun 29 15:00 GMT
EUR/USD Mid-Day Outlook
EUR/USD dived to as low as 1.0954 earlier today but recovered strongly. Breach of 1.1134 indicate temporary bottoming a... - Jun 29 14:48 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 - Stand aside
Dollar's selloff after intra-day initial brief rise to 0.9429 suggests top has been formed there and consolidation with downside ... - Jun 29 16:16 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5840
As cable has continued to edge higher after rebounding from 1.5664, retaining our view that further consolidation above said supp... - Jun 29 16:09 GMT
Trade Idea Wrap-up: EUR/USD - Exit short entered at 1.1180
The single currency has surged again after brief pullback, suggesting near term upside risk remains for the rebound from 1.0954 l... - Jun 29 15:59 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
Dollar has retreated after meeting resistance around the Kijun-Sen, retaining our view that further consolidation would be seen, ... - Jun 29 15:51 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

EUR/USD Candlesticks and Ichimoku Analysis
Despite rising to 1.1436 earlier this month, the subsequent stronger-than-... - Jun 29 10:10 GMT
USD/JPY Candlesticks and Ichimoku Analysis
Although the greenback rebounded again last week to 124.38, as dollar has ... - Jun 29 09:51 GMT
EUR/JPY - Candlesticks and Ichimoku Analysis
As the single currency has retreated after faltering below recent high of ... - Jun 26 08:57 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
Although the single currency dropped initially today and broke below previous support at 0.7014, lack of follow through selling a... - Jun 29 15:41 GMT
Trade Idea: USD/CAD - Buy at 1.2280
Although the greenback rebounded after finding support at 1.2304 earlier today and test of last week's high at 1.2423 cannot be r... - Jun 29 15:34 GMT
Trade Idea: EUR/JPY - Sell at 137.65
The single currency only recovered to 138.68 before meeting renewed selling interest there and tumbled earlier today, however, la... - Jun 29 10:40 GMT
Trade Idea: AUD/USD - Stand aside
Despite intra-day brief fall to 0.7587, lack of follow through selling and the subsequent rebound suggest consolidation would be ... - Jun 29 10:26 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

USD/JPY Elliott Wave Analysis
Although the greenback rebounded to 124.38 last week, as dollar met r... - Jun 29 11:07 GMT
EUR/USD Elliott Wave Analysis
The single currency dropped after meeting strong resistance at 1.1436... - Jun 29 11:03 GMT
EUR/JPY Elliott Wave Analysis
As the single currency has retreated again after faltering below resi... - Jun 26 09:58 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jun 29 23:00 GMT

Action Bias

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EURUSD- NE- NE- NE- NE
USDJPY- NE↓ DN↓ DN- NE
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Forex Brokers

Fundamental Analysis Reports

Eurozone: is Deflation Back?
Jun 29 16:06 GMT, by Forex.com
Only a few weeks ago it looked like the spectre of deflation had finally lifted from the Eurozone. However, today's German CPI figures throw that into doubt. EU harmonised data for June shows that CP...
Safe Haven CHF Leaves Investors Exposed to SNB Wrath
Jun 29 13:40 GMT, by MarketPulse
Finding temporary safety to alleviate some of the Grexit pressure that is currently being imposed on capital markets is not that easy. Even the traditional safer option, like owning CHF, is becoming ...
Greece Weighs Heavily At The Start Of The Week
Jun 29 10:58 GMT, by MarketPulse
Developments in Greece over the weekend have really shaken the markets on Monday, prompting a flight to safety among investors as they seek to shelter themselves from the fallout of the increasing ri...
Greece – Implications For The Fed
Jun 29 10:35 GMT, by Danske Bank
An interview with NY Fed President Dudley (printed in the FT on Sunday but conducted on Friday ahead of the announcement of the Greek referendum) gives a good indication in our view of what to expect...
PBoC Cut Rates, Greece Goes 'All-In'
Jun 29 09:58 GMT, by Swissquote Bank SA
The People's Bank of China (PBoC) didn't stay on the sidelines for a long time. On Saturday, the Bank cut the 1-year lending rate by 25bps to 4.85%, for the fourth time in seven months, and reduced t...
Expecting The Euro To Begin Recovering Losses
Jun 29 09:45 GMT, by ForexTime
The risks surrounding the ongoing situation in Greece were continually ignored and severely underpriced in the financial markets, therefore it is no surprise to learn that the global markets have com...
All Daily Fundamental Reports >>

Technical Analysis Reports

Greek Pin Action: Will GBP Take on CHF's Safe Haven Mantle?
Jun 29 16:08 GMT, by Forex.com
As Greece's debt negotiations deteriorated this weekend, traders piled in to buy the “safe-haven” Swiss franc. In turn, the rapid appreciation in the value of the franc prompted the Swiss...
DAX: Stocks Vulnerable As Greece Flirts With Default
Jun 29 11:08 GMT, by Forex.com
Risk was totally off the menu first thing this morning. The European stock markets plunged as the situation in Greece deteriorated at the weekend after the government rejected the latest bailout offe...
Forex Technical Analysis
Jun 29 10:49 GMT, by DeltaStock Inc.
EUR/USD The downtrend here is intact with the recent break through 1.1135, heading towards 1.0820 low. Key resistance on the upside lies at 1.1135 and initial support is projected at 1.0960.
EUR/USD Crashes As Greece Rejects Deal
Jun 29 08:22 GMT, by Dukascopy Swiss FX Group
EUR/USD collapsed in the morning on Monday, overshadowing developments that took place before the weekend on Friday, as Greece rejected the deal, called a referendum and imposed capital controls on b...
GBP/USD Aims To Retake The 1.57 Major Level
Jun 29 08:20 GMT, by Dukascopy Swiss FX Group
The Cable remained relatively unchanged last Friday, despite better-than-expected fundamental data. Nevertheless, the Sterling is still likely to outperform the US Dollar today. A strong resistance a...
USD/JPY In Tight Range Between 122 And 123
Jun 29 08:18 GMT, by Dukascopy Swiss FX Group
On Friday, upon reaching the weekly PP at 123.23, the USD/JPY managed to rebound. As a result, the US Dollar surged up to the 124 major level, but was unable to pierce through, as the weekly R1 was b...
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...
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