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Jul 07 11:01 GMT

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European Session: Orders and Options Watch
Jul 07 09:26 GMT, by ActionForex.com
EUR: The single currency slipped again today and bids at 1.1025, 1.1000 and 1.0980 were filled but buy orders are still noted for 1.0960, 1.0930 and 1.0900, more buying interest is tipped at 1.0880, 1.0850 (barrier) and 1.0825, mixture of bids and stops is located at 1.0800. On the upside, offers are lowered to 1.1025-30, 1.1050 and 1.1085, sell o...

Technical Outlook

GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains on the downside for the moment. As noted before, a short term top is in place at 195.8... - Jul 07 10:29 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral for the moment first. Overall, we'd favoring the case the rebound from 126.09 ... - Jul 07 10:26 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. Prior break of 0.7013 support indicate larger down trend resum... - Jul 07 10:24 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains on the upside for the moment. Rise from 1.3671 is still in progress. As noted before, ... - Jul 07 10:22 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 Update: USD/CHF - Buy at 0.9440
Current break of resistance at 0.9472 suggests the correction from 0.9504 has ended at 0.9399 earlier this week and retest of thi... - Jul 07 10:36 GMT
Trade Idea Update: 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 10:30 GMT
Trade Idea Update: EUR/USD - Sell at 1.1030
As the single currency has fallen again, suggesting a retest of previous support at 1.0954 (last week's low) would be seen, howev... - Jul 07 10:24 GMT
Trade Idea Update: USD/JPY - Stand aside
The greenback has remained confined within near term range and further sideways trading would be seen, although test of 122.95-00... - Jul 07 10:18 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/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
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
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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Last Updated: Jul 07 10:55 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD- NE↓ DN↓ DN- NE
USDJPY- NE↓ DN↓ DN- NE
GBPUSD↓ DN↓ DN↓ DN- NE
USDCHF↑ UP- NE↑ UP- NE
USDCAD- NE↑ UP↑ UP- NE
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Forex Brokers

Fundamental Analysis Reports

Euro Heading For A Next Set Of 'Decisive' Meetings
Jul 07 10:29 GMT, by KBC Bank
Yesterday, EUR/USD and USD/JPY soon reversed an important part of the initially risk‐off losses. Global markets are again in some kind of no man's land going into the meetings of the Eurogroup and th...
Crude Oil Hits 3-Month Low, BCB's Efforts Pay Off
Jul 07 09:55 GMT, by Swissquote Bank SA
Yesterday, the BCB released its weekly survey. And the report showed that even though analysts raised again their inflation anticipation for the end of 2015 to 9.04% from 9% a week earlier, they also...
European Market Update: Key European Meetings Today Provides Chance For Greece To Present Reform Measures
Jul 07 09:46 GMT, by Trade The News
The USD exhibited broad strength in session against major and commodity-related pairs due to concerns over Greek contagion and impact of China's equity market sell-off. Market participants awaited th...
UK Manufacturing Output Drops In May
Jul 07 09:15 GMT, by ICN.com
U.K. manufacturing production dropped 0.6 percent in May, following a 0.4 percent fall in April. The reading defied analysts’ forecast of seeing a 0.1 percent increase. Industrial production rose 0.4...
US Dollar Stronger Ahead Of Greece Last-Chance Talks
Jul 07 08:25 GMT, by Swissquote Bank SA
Greece will walk into the negotiation room today (6pm CEST in Brussels), knowing that it is its last chance to reach an agreement with its European creditors. Greece has a new finance minister in the...
Australia: Banana Republic Tag Warranted?
Jul 07 08:24 GMT, by Blackwell Global
As Australia's export mix continues to narrow, the tag “Banana Republic” has started to make aresurgence. Former Australian Prime Minister, Paul Keating, was the first to coin the term back in the mi...
All Daily Fundamental Reports >>

Technical Analysis Reports

Forex Technical Analysis
Jul 07 10:00 GMT, by DeltaStock Inc.
EUR/USD The rebound above 1.0954 is corrective in nature, thus preceding a slide towards 1.0820. Key resistance lies at 1.1125.
EURUSD Eyes Towards 1.067-1.060
Jul 07 09:51 GMT, by Elliott Wave Financial Service
EURUSD has been trading bearish since May 2014. It has already completed four waves down with red wave 4 in final stages. Now EURUSD attempts to break down the range for wave 5.
Today's Market Outlook
Jul 07 08:02 GMT, by Windsor Brokers Ltd
The Euro traded within narrow range in Asia, awaiting today’s EU summit, as Greek drama is continuing. Yesterday’s recovery action covered overnight’s gap but rallies were capped by daily Ichimoku cl...
EUR/USD In Limbo As Euro Summit Approaches
Jul 07 07:32 GMT, by Dukascopy Swiss FX Group
EUR/USD's outlook tends to remain moderately bearish at the moment, despite attempts of the pair's to rebound yesterday. The Euro is under intense pressure amid the crisis in Greece, as any negative ...
GBP/USD Attempts To Break Out Of The Bearish Trend
Jul 07 07:29 GMT, by Dukascopy Swiss FX Group
Although the Sterling appreciated against the US Dollar yesterday, gains were limited by the monthly PP around 1.56. The Pound is still likely to outperform the Greenback today, in spite of mixed tec...
USD/JPY To Erase Monday's Gains
Jul 07 07:27 GMT, by Dukascopy Swiss FX Group
On Monday, the USD/JPY almost reached the 123.00 psychological level, but due to lack of the bullish momentum was pulled back. As a result, the US Dollar stabilised at 122.66, right on top of the wee...
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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