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Jul 08 06:32 GMT

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Daily Report: Asian Markets Rocked by China Crash
Jul 08 04:46 GMT, by ActionForex.com
Asian indices tumbled sharply today following the stock market rout in China. At the time of writing, the China Shanghai composite is down -3.8%, after losing nearly -5% earlier in the day, proving the failure of the government's massive intervention. Overall, 1300 companies have halted trading which locked up $2.6T in capital, or around 40% of ma...

Technical Outlook

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside for 1.0818 support. As noted before, we're favoring the case that corr... - Jul 08 05:01 GMT
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains on the downside for 1.5169 support. We're favoring the case that rise from 1.4565 is f... - Jul 08 04:57 GMT
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside for 0.9542 resistance. Break will resume whole rebound from 0.9072. In s... - Jul 08 04:55 GMT
USD/JPY Daily Outlook
No change in USD/JPY's outlook. The corrective decline from 125.85 might still extend lower. At this point, we'd expect... - Jul 08 04:52 GMT

Special Reports

BOE To Stand On Side In July, Despite Rising Wage Pressure
Jul 07 09:30 GMT
While strong wage pressure might raise hope of higher inflation, the BOE in Jul...
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 ...
All Special Reports >>

Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Wrap-up: USD/CHF - Buy at 0.9455
Dollar's intra-day breach of resistance at 0.9504 adds credence to our view that the rise from 0.9151 is still in progress and ga... - Jul 07 16:33 GMT
Trade Idea Wrap-up: GBP/USD - Sell at 1.5530
As the British pound has tumbled today and broke below previous support at 1.5532, suggesting the decline from 1.5930 top is stil... - Jul 07 16:29 GMT
Trade Idea Wrap-up: EUR/USD - Sell at 1.1030
Euro's intra-day break of support at 1.0954 confirms our view that the fall from 1.1436 top to extend weakness to 1.0900, however... - Jul 07 16:26 GMT
Trade Idea Wrap-up: USD/JPY - Stand aside
As the greenback has retreated again after faltering below resistance at 122.93, suggesting a retest of this week's low at 121.87... - Jul 07 16:20 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

GBP/USD Candlesticks and Ichimoku Analysis
The British pound met renewed selling interest at 1.5789 last week and has... - Jul 07 09:20 GMT
USD/CHF Candlesticks and Ichimoku Analysis
The greenback staged a strong rebound after finding good support at 0.9244... - Jul 07 08:58 GMT
EUR/USD Candlesticks and Ichimoku Analysis
Although the single currency rebounded after finding support at 1.0954, as... - Jul 06 09:17 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: EUR/GBP - Sell at 0.7210
The single currency has remained confined within near term established range and further sideways trading would be seen, above 0.... - Jul 07 14:43 GMT
Trade Idea: USD/CAD - Buy at 1.2580
As recent upmove has gathered momentum, adding credence to our view that wave iii is underway and bullishness remains for the upm... - Jul 07 14:40 GMT
Trade Idea: EUR/JPY - Stand aside
Although the single currency rebounded after dropping to 133.91 earlier this week, as euro met resistance at 136.07 and has retre... - Jul 07 09:45 GMT
Trade Idea: AUD/USD - Sell at 0.7535
As aussie has fallen again after brief recovery to 0.7533, suggesting recent decline is still in progress and may extend further ... - Jul 07 09:40 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

GBP/CHF Elliott Wave Analysis
As he British pound has retreated after rising to 1.4834 last week, s... - Jul 07 10:14 GMT
GBP/USD Elliott Wave Analysis
The British pound dropped again last week after meeting renewed selli... - Jul 07 10:01 GMT
EUR/USD Elliott Wave Analysis
Although the single currency rebounded after opening lower last week,... - Jul 06 10:51 GMT
More Elliott Wave Weekly Analysis >>

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Currency Heat Map (Daily)

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Last Updated: Jul 08 06:25 GMT

Action Bias

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

European Open Briefing
Jul 08 06:30 GMT, by IC Markets
In FX, the risk-off sentiment remains persistent, with the JPY and USD bid, while the commodity currencies are under pressure. The EU is losing its patience with Greece and have stated that a Grexit ...
Asian Market Update: Definitive EU Leaders Meeting On Greece Set For Sunday, Shanghai Composite Opens Down Another 7% At 4-Month Lows Despite More Efforts To Curb Panic Selling
Jul 08 05:54 GMT, by Trade The News
Greek PM Tsipras perceived the Sunday referendum vote to allow his govt to take a resounding anti-austerity stance, however his ability to compromise will be a more practical skill going into the wee...
AUD/USD: Aussie Extends Its Losses This Morning
Jul 08 05:49 GMT, by GCI Financial
The pair is expected to find support at 0.7369, and a fall through could take it to the next support level of 0.7325. The pair is expected to find its first resistance at 0.7479, and a rise through c...
EUR/USD: The Euro-Zone Gave Final Chance To Save Greece
Jul 08 05:48 GMT, by GCI Financial
The pair is expected to find support at 1.0916, and a fall through could take it to the next support level of 1.0848. The pair is expected to find its first resistance at 1.1053, and a rise through c...
GBP/USD: The NIESR Projected Robust GDP Growth In Second Quarter
Jul 08 05:47 GMT, by GCI Financial
The pair is expected to find support at 1.5362, and a fall through could take it to the next support level of 1.5291. The pair is expected to find its first resistance at 1.5556, and a rise through c...
USD/JPY: Japanese Yen Trading Higher In The Asian Session
Jul 08 05:46 GMT, by GCI Financial
The pair is expected to find support at 121.80, and a fall through could take it to the next support level of 121.42. The pair is expected to find its first resistance at 122.73, and a rise through c...
All Daily Fundamental Reports >>

Technical Analysis Reports

Daily FX Report
Jul 08 06:17 GMT, by Varengold Bank
The Standard & Poor's 500 Index rose, reversing a drop of more than 1 percent amid mounting speculation Greece's crisis will be contained. Emerging-market equities tumbled amid ongoing losses in ...
Foreign Exchange Market Commentary
Jul 08 03:52 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 08 03:42 GMT, by FX Instructor
The EURUSD attempted to push lower yesterday bottomed at 1.0915 but whipsawed to the upside and closed higher at 1.1008. The bias is neutral in nearest term. Potential daily range to be closely watch...
Market Morning Briefing
Jul 08 03:37 GMT, by Kshitij Consultancy Services
Euro (1.0984) saw a short bounce to 1.105 from 1.0914 levels but has fallen again and is heading lower. Support near 1.08 may be a possible target in the near term. Euro-Yen (134.18) has come off fro...
The Daily Forecaster: EURUSD
Jul 08 03:02 GMT, by FX-Forecaster
A good day with losses seen as expected to the 1.0904-24 area and followed by the correction back to 1.0970-80. We should now see losses to the 1.0866-80 area. This should see a correction of around ...
AUD/USD – Trying To Stay In Touch Of 0.75 Level
Jul 08 02:43 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 0.74 in the last 24 hours. The AUD/USD is presently trading around the 0.7450 ...
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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