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Jul 08 04:20 GMT

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US Session: Orders and Options Watch
Jul 07 14:29 GMT, by ActionForex.com
EUR: The single currency continued to fall today and bids at 1.0960 and 1.0930 were filled but buy orders are still noted at 1.0900 and 1.0880, more buying interest is tipped at 1.0850 barrier and 1.0825, mixture of bids and stops is located at 1.0800. On the upside, offers are lowered to 1.0970 and 1.1000, sell orders are expected at 1.1025-30, 1...

Technical Outlook

GBP/USD Mid-Day Outlook
GBP/USD's drops sharply to as low as 1.5421 as fall from 1.5929 extends. Intraday bias remains on the downside for 1.51... - Jul 07 12:58 GMT
USD/CHF Mid-Day Outlook
USD/CHF's rise resumed by taking out 0.9503 and intraday bias is back on the upside for 0.9542 resistance. Break will r... - Jul 07 12:57 GMT
USD/JPY Mid-Day 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 07 12:53 GMT
EUR/USD Mid-Day Outlook
EUR/USD drops sharply today and the break of 1.0954 indicates resumption of fall from 1.1436. Intraday bias is back on ... - Jul 07 12:50 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 04:05 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE- 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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Forex Brokers

Fundamental Analysis Reports

AUDNZD: Time For A Pullback?
Jul 08 03:42 GMT, by Forex.com
AUDNZD has been on the warpath ever since early April, after a swift and brutal reversal in monetary policy expectations for NZ. Sure enough, the RBNZ cut the official cash rate last month after mont...
The Day Ahead - Wednesday 8th July 2015
Jul 08 02:31 GMT, by ThinkForex
Greece may be 'the word' at the moment, but a lot of people are probably getting tired of hearing it, and not just those reading about it, but the exasperation that comes across from many senior Euro...
Preview: UK Summer Budget 2015
Jul 08 02:26 GMT, by Forex.com
Wednesday's emergency Budget comes on the back of the Conservative Party's victory in May's election. Although events in Greece are stealing the limelight, we still think that this week's Budget has ...
Asian Session Morning: Can You Decipher The Notes?
Jul 08 02:23 GMT, by Vantage FX
It's now coming into Wednesday after the weekend's referendum vote and low and behold, Greek banks are still closed, deadlines are still being pushed back and a solution seems as far away as ever bef...
US Trade Deficit Widened Slightly in May
Jul 07 14:23 GMT, by RBC Financial Group
The US trade deficit widened slightly in May 2015 to $41.9 billion from a revised $40.7 billion in April ($40.9 billion previously). Market expectations had been for the deficit to widen to $42.7 bil...
Canada's May Merchandise Trade Deficit Deteriorates
Jul 07 14:21 GMT, by RBC Financial Group
The May 2015 merchandise trade balance deteriorated further to $3.3 billion from an unrevised April deficit of $3.0 billion. Market expectations had been for a slight improvement of the May deficit t...
All Daily Fundamental Reports >>

Technical Analysis Reports

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 ...
Australia 200 – Support At 5500 Level Kicks In
Jul 08 02:40 GMT, by MarketPulse
In the last week or so he ASX200 index has been able to find some much needed support around 5400 and rally strongly to back above 5600 before easing back a little to enjoy some further support at 55...
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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