|Jul 06 22:07 GMT|
Fundamental Analysis Reports
ISM Non-Manufacturing Index Increases by Less than Expected in June, But Details Remain Somewhat Constructive
Jul 06 15:28 GMT, by
The slight gain in the June headline reading was disappointing, offsetting only a fraction of the 2.1 point decline in the index during May. Even more disheartening is the fact that much of the weakn...
Central Banks to Use Rhetoric to Smooth Contagion Fears
Jul 06 15:24 GMT, by
The Reserve Bank of Australia is not expected to make a change to its benchmark interest rate at record low of 2.00 percent, but central bank Governor Glenn Stevens has a chance to use rhetoric to de...
Risk Aversion Dominates After Greek No Win
Jul 06 12:01 GMT, by
Capital Markets were expecting a narrow 'Yes' victory in Sunday's Greek referendum, the restart of negotiations with its creditors and likely end to PM Tsipras Syriza government. Instead investors...
Stocks Recover After Greece Vote But Remain Vulnerable
Jul 06 11:08 GMT, by
Some market participants may be surprised about the resilience of the markets given the increased uncertainty about Greece in light of the weekend's Greece referendum outcome. But a quick look at the...
RBA's Rate Decision Eyed, Financial Markets Tumble On Greece Vote
Jul 06 10:03 GMT, by
We do not expect much from tomorrow RBA board's meeting as we think that the Reserve bank is pleased with the recent weakness in AUD/USD. Indeed, the Aussie dropped as low as 0.7452 against the green...
European Market Update: Varoufakis Steps Down As Finance Minister To Pave Way For Trust In EU-Greece Negotiations Following Syriza Govt Victory In Referendum
Jul 06 09:57 GMT, by
Euro currency was initially weighed down by the resounding "No" vote in Greek referendum but losses were tempered after Greece Fin Min Varoufakis announced his resignation from his position. Dealers ...
Technical Analysis Reports
Gold: It's Groundhog Day All Over Again for Frustrated Bulls
Jul 06 14:35 GMT, by
Last week, we analyzed the (lack of) safe haven demand for gold in the wake of Greece's deteriorating debt negotiations, noting that the yellow metal ... [was] dramatically lagging its safe-haven ri...
USDJPY Looks For Support Before Turning Higher
Jul 06 09:17 GMT, by
USDJPY following corrective path on SP500. We are still looking for a end of the corrective pullback which might occur soon. Complex 4 wave with triangle as connector but we are contemplating the tim...
Today's Market Outlook
Jul 06 08:44 GMT, by
The Euro gapped lower at the beginning of the week, on expected action on Greek’s ‘No’ vote on Sunday. The single currency remains under pressure after today’s 110-pips gap, however, last Monday’s lo...
Forex Technical Analysis
Jul 06 08:32 GMT, by
EUR/USD The recent failures at 1.1125 led to a renewal of the downtrend, currently aiming for a break through 1.0954, en route to 1.0820 area. Initial resistance lies at 1.1064.
EUR/USD Opens Lower After Greek Referendum
Jul 06 08:27 GMT, by
EUR/USD has been considerably sold off in the morning on Monday after a quiet trading session last Friday, as market participants are pricing in results of the Greek referendum. Despite that, the pai...
GBP/USD Anchored Around 1.5550
Jul 06 08:25 GMT, by
Despite better-than-expected UK fundamental data, the Cable still sustained losses at the end of last week. The strong support cluster around 1.56 was breached, as the pair extended its bearish two-w...
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Long Term Forecasts
Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by
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
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
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
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
The Australian dollar is known for its strong volatility, and taking traders on roller coaster ride...
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